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221  Bitcoin / Bitcoin Discussion / Re: With all honesty, who still wants bitcoin to die? on: November 29, 2018, 06:49:47 AM
Before this plunge, a lot of people spreading FUD about bitcoin and how they want bitcoin to die and how obsolete bitcoin is. People saying  that this alt or that alt will replace bitcoin and that bitcoin is no longer King of crypto. Now, looking at CMC, as bitcoin values going down so are ALL altcoins. No shitcoins...I mean altcoins able to get through what's happening in the market not even BCH, XRP, XLM or any other alts able to get pass through the bear market. This is just a proof that all alts value depends on bitcoin value and  the influence of bitcoin to the whole crypto market. I'm very sure before bitcoin value turn to zero all alts turns to dust just like when Thanus snap his fingers and dusting happened.

So tell me, with all honesty, do you still wants bitcoin to die?

When the stock market drops and Exxon , Apple, & Verizon all go down.

Did Apple & Verizon drop because Exxon did, and the answer is NO.

They all dropped because the big players sold off a % of all their assets and they own a small % of almost everything.

Same thing happens in crypto market, bitcoin could die tomorrow , and it would be no real concern for me.

Once btc dropped low enough another alt would take over, as btc would no longer have enough value to matter.

Many cowardly traders , funnel money into btc as the total market drops,
as they are frighten and falsely believe like you BTC would be the last coin standing.

It won't be, there are some coins that network can survive no matter how low their price goes.
Btc is not one of those coins. Any coin that have reasonable monthly input costs can easily survive a year or more bear market,
as it supporters can keep it running without fear of going bankrupt.  Input costs to maintain a coin network matter.   Wink
222  Bitcoin / Development & Technical Discussion / Re: Bitcoin Scaling Solution Without Lightning Network... on: November 29, 2018, 04:33:37 AM
Asking people to compromise with a less secure solution just isn't acceptable. From what I can tell, the BTC network is the most secure by leaps and bounds over any other altcoin.

Hmm,
So what in your viewpoint makes BTC more secure than say LTC ?

For me, one is as safe as the other, but I would be interested to know your specific thoughts on the matter.



Quote
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.


I had no intention of arguing against your personal viewpoint, was just interested to hear them.   Smiley
223  Bitcoin / Development & Technical Discussion / Re: Bitcoin Scaling Solution Without Lightning Network... on: November 29, 2018, 04:13:00 AM
Asking people to compromise with a less secure solution just isn't acceptable. From what I can tell, the BTC network is the most secure by leaps and bounds over any other altcoin.

Hmm,
So what in your viewpoint makes BTC more secure than say LTC ?

For me, one is as safe as the other, but I would be interested to know your specific thoughts on the matter.

224  Bitcoin / Bitcoin Discussion / Re: This is Why you Should Worry! on: November 28, 2018, 08:41:50 AM
Your statement is absolutely flawed in so many ways. People should only look at the history of the Bitcoin price to see that it has a recurring trend of bouncing back from price collapses like this. Yes, there are NO guarantees, but what high risk investment, gives guaranteed results? <Name one please>  Roll Eyes  

Looking at the growth potential and the businesses that are built around Bitcoin, I still think that a price correction is near, but we should never promise anything to "new" investors. <Just highlight the risks and let them decide>  Wink

You say
Quote
People should only look at the history of the Bitcoin price to see that it has a recurring trend of bouncing back from price collapses like this.

You admit their are no guarantees, but the very 1st thing you did was Imply their was one with your opening statement.
As if it is guaranteed, Past History is not a guarantee of Future History.

If you are investing money and lose ~80% of it in less than a year, a person should worry, they be a fool not too.
Whether they hold, buy, or sell is their choice, but their decisions should not be tainted by false faith in a past history that may or may not repeat itself.
Especially considering the factors that exist now, that have never existed before in btc history.

New Factors
BTC Energy Waste is worse than ever, requiring permits from Government Utilities
Miners have multiple forks to choose from, BTC, BCH, BSV , no longer limited to BTC only as in the past.
BTC is seeing less transactions usuage not more.
Other coins are used as offramps into FIAT now, in the past bitcoin was the only one.
Billionaires are fighting over which fork is the real bitcoin, in the past they all supported only BTC.
These variables can have a massive effect on BTC Future.  

Same way with your idea I guess, you do not know what is the future of BTC so quit blabbering about you know what is the next thing.  It is better to have reference than not at all.  So between your statement and the history of Bitcoin bouncing back, I would rather trust history than non factual statement for the future like yours.  

BTC, BCH, BSV, that is no difference, there are other coins that have same hash like bitcoins since 2010 and yet Bitcoin is still here.

See, there you go trusting history to repeat itself, pretending like it is a guarantee.

And where is anything I said in this topic nonfactual?
quote?


225  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin fail? What do you think is the most probable scenario why Bitcoin mi on: November 28, 2018, 07:31:21 AM
Although highly unlikely to me it's some hidden flaw in the algorithm that would allow cheating somehow and there would be no way to fix it. what do you think?


Most likely way btc would die.

The input costs required to make new btc exceed the price of btc in the marketplace for an extended period of time.
As such the miners go bankrupt and can no longer afford to mine, this kills the btc network.
No Profit, No Miners , No btc

Example: https://btcmanager.com/u-s-mining-pioneer-gigawatt-files-for-bankruptcy-in-washington/

If too many miners can't make a profit btc dies.
It is one of the major flaws in PoW design. (Insane Input Costs to maintain it's network.)


How does a miner overspending millions have anything to do with what OP asked?

Lack of Miners can cause a Death Spiral in a PoW coin Network like btc.

He didn't go bankrupt because he was earning to little from mining, he overspent. Read the article.

I suggest you work on your reading comprehision
Quote
The crash in cryptocurrency prices since December of 2017 has lead to more trouble for GigaWatt, as investors who put tens of millions of dollars into the company were looking for a payoff.

After none of the hosting facilities were completed due to construction delays and cost overruns, several investors have filed at least four lawsuits against GigaWatt, the latest one being filed in October 2018. Liens filed against the company by construction companies violated the company’s lease with the Port of Douglas County, which initiated eviction proceedings in early November.

The Price Crash triggered the lawsuit, and the fact is , if he had been earning enough mining , the investors would have been unnecessary.
Quote
the company’s downfall could be attributed to the ambitious expansion it launched in 2017, where a multimillion-dollar campus of 24 prefabricated crypto mining “pods” was planned. The project was backed by multiple investors as well as local government officials, who saw it as a way to transform the local agricultural-based economy.

If mining a chain isn't profitable enough for someone, they move onto a different chain. That leaves less miners trying to solve the next block and more opportunity for the existing miners to earn the reward... this is basic stuff.

It further Centralizes Control of said chain, however if the majority of miners can not meet their energy bill or pay off their creditors, a death spiral can occur.

226  Bitcoin / Bitcoin Discussion / Re: This is Why you Should Worry! on: November 28, 2018, 05:46:32 AM
Your statement is absolutely flawed in so many ways. People should only look at the history of the Bitcoin price to see that it has a recurring trend of bouncing back from price collapses like this. Yes, there are NO guarantees, but what high risk investment, gives guaranteed results? <Name one please>  Roll Eyes  

Looking at the growth potential and the businesses that are built around Bitcoin, I still think that a price correction is near, but we should never promise anything to "new" investors. <Just highlight the risks and let them decide>  Wink

You say
Quote
People should only look at the history of the Bitcoin price to see that it has a recurring trend of bouncing back from price collapses like this.

You admit their are no guarantees, but the very 1st thing you did was Imply their was one with your opening statement.
As if it is guaranteed, Past History is not a guarantee of Future History.

If you are investing money and lose ~80% of it in less than a year, a person should worry, they be a fool not too.
Whether they hold, buy, or sell is their choice, but their decisions should not be tainted by false faith in a past history that may or may not repeat itself.
Especially considering the factors that exist now, that have never existed before in btc history.

New Factors
BTC Energy Waste is worse than ever, requiring permits from Government Utilities
Miners have multiple forks to choose from, BTC, BCH, BSV , no longer limited to BTC only as in the past.
BTC is seeing less transactions usuage not more.
Other coins are used as offramps into FIAT now, in the past bitcoin was the only one.
Billionaires are fighting over which fork is the real bitcoin, in the past they all supported only BTC.
These variables can have a massive effect on BTC Future. 
227  Bitcoin / Bitcoin Discussion / Re: This is Why you Should Worry! on: November 28, 2018, 04:57:07 AM
based on your hyper activity in the past week or so that price has gone down it seems like you are the one who is worried. did you start shorting too late? Wink
next time try to act faster instead of waiting for the bottom to be reached and then starting to short bitcoin if you don't want to lose a lot of money. haha.

Well I expected the 1st reply to be from a dumbass, nice to see you did not disappoint.  Wink




228  Bitcoin / Bitcoin Discussion / This is Why you Should Worry! on: November 28, 2018, 04:38:43 AM
Many say don't worry, bitcoin price goes down and always come back up.

The problem with that statement is this,

It has always come back up UNTIL NOW!

There are no guarantees it will come back up or even a guarantee it can't die.


Past Performance is NO Guarantee of Future Results!


Is their a guarantee that BTC price increases, NO.
Is their a guarantee that BTC dies, NO.

There are NO FUCKING GUARANTEES !

It is a Speculative Investment , not a religion, that you throwing misplaced faith at , will make any difference.

All of these post calling for btc believers are merely calling for idiots to hold , while they trade to earn profit.

btc is not a store of value, don't believe the hype.


Make your decisions based on your OWN OBSERVATIONS, don't listen to unsupported authorities that goal is to profit off of your lack of research.


FYI:
One Major Difference that only exists now and did not exist in the past history.
The Exact Same ASICS Miners can choose between 3 different Bitcoin Forks , BTC / BCH /BSV  ,
that is new and investors should make their own observations of what influence that can have on future results.
Fork Profitability is a major factor in the miner's choice of which coin to support.
229  Bitcoin / Bitcoin Discussion / Re: Mining Bitcoin Forks Has Become More Profitable Than BTC Itself, Miners Pull Out on: November 28, 2018, 04:15:19 AM
You know the constant slander of any coins the btc zealots consider not btc, is really a sign of child like stupidity.

They call all other coins shitcoins, when the fact is many of those other coins outperform bitcoin in a multitude of ways,
faster speeds, energy efficient , built in anon, higher onchain transaction capacity and greater profit margins during the same time periods.

And many people have made money off of those altcoins.

Fact altcoins have made some people money and lost some people money , just as bitcoin has made some people money and lost some people money.

So if all of those superior designed altcoins are shitcoins, then bitcoin is the worst shitcoin of all.


 Cool


Corrections:

1.) Shitcoins have made the people who promoted them some money. Anybody that BUYS shitcoins is fool that will lose his/her money.
2.) All alt-coins are shit, because they're created by idiots who think they can copy & paste the open-source BTC code, and that be renaming stuff they're adding value, the only thing they have done is dilute the bitcoin brand.
3.) There is nothing 'faster' is all the alt's are based on the same code-base, using the exact same source.
4.) There is nothing energy efficient about different kinds of hamsters in their cages running in circles, all crypto computation is wasteful.
5.) I do concur that zcash has added value because they have embraced 'privacy' with their notion of the 'z' address.
6.) All transaction's of BTC clones are the same, of course BTC is going to be slower, because they're getting +90% of the transactions. An idle clone with no users, will always be the fastest.
7.) Alt-Coins are a result of 'open source', it makes it all too easy for an idiot to change a few lines of code and promote a clone, and hope to get 1% of the BTC volume, trouble is today there are +2100 clones, all trying to get that 1%, but logic will tell you they will at best get 0.05% of the crypto  eyeballs or less. Alt's are no different that 'penny stocks', they're promoted by con-men who get 100% commission on the sale. The people that 'invest' in penny-stocks and alt's are sheep, Muppets as they're called by Goldman Sachs.


1. Some people made money with alts , Some People lost money , no different than btc in that regard.
    (A holier than thou prejudice by btc zealots just shows their foolishness to the public.)
2. Many Altcoins have code not in btc.
3. Many Alts run a 30 second block speed, they are a hell of a lot faster than btc 10 minute block speed, No one can deny that!
4. Proof of Stake requires only the energy to run a node , as the ASICS warehouse that eat/waste energy are not needed.
6. btc is slower because of its 10 minute block delay and limited blocksize.
7. An Altcoin will dethrone btc in time, thinking it is invulnerable is a mistake of a zealot and not a logical mind
 * Most Products have a 10 year life cycle and are then replaced by a newer superior design, btc 10 years are up. *

 
 Cool

FYI:
btc is an 8 track tape in the time when MP3 players (more advanced Cryptocoins) are being released, and btc will be replaced just like the 8 track tapes were.
230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: November 28, 2018, 04:00:52 AM
https://ethereumworldnews.com/mining-bitcoin-forks-has-become-more-profitable-than-btc-itself-miners-pulling-out/

Quote
Bitcoin Mining Is No Longer Profitable

For crypto miners to make any profits, their operations must first break even.
This puts into account the capital invested in set up mining rigs and the power consumed.
If a miner can’t break even, then they’re running at a loss.
This has been the dilemma faced by numerous Bitcoin miners since the price took a hit.

As a matter of fact, hundreds of miners have since shut down operations.
Some have even sold their mining hardware, signaling a growing sentiment about the uncertainty of Bitcoin’s future in the face of bear market fueled by a civil war between its own hard forks. In 2017, BCH was forked out of BTC. On November 15 this year (2018) BCH underwent its own hard fork that resulted into BCHABC and BCHSV, sparking a hash war between the two. BCHABC has since won and has been recognized as BCH.

Quote
BTC Vs BCH

When the BCH hard fork happened, miners shifted their resources to mine the new blocks.
Since Bitcoin’s price started falling, mining BCH and BCHSV has become more profitable and therefore more attractive.
The interesting part is that just two weeks ago, mining Bitcoin was 300% more profitable than mining BCHSV.
Today, mining BCHSV is 25% more profitable than Bitcoin.

https://cash.coin.dance/blocks/profitability
Currently ~109% more profitable to mine BCH than BTC.
Does anyone have a real time link to BSV profit verses BTC?

 Cool
231  Economy / Speculation / Re: What will BTC 'Mean Reversion' be in 2019? My prediction is $1400 USD on: November 28, 2018, 03:45:39 AM
Billionaires are funding their own separate chains, BCH & BSV
1.  They are selling any btc they still mine and using it to fund their forks.
2.  They also have huge amounts of btc to sell.

The BSV team plans to run this way for months to crush the other bitcoins.
So btc holders are going to be taking it on the chin for the foreseeable future.

No matter, what you think of Wright, his goal is to make Wu bleed money,
and constant selling of bitcoin to fund his operations in addition to making Wu spend more to support bch is a way to accomplish it.

Your $1400 prediction for btc is a definite and real possibility.

 Cool


FYI:
Anyone buying btc above $2000 now is going to regret it within 3 months.  Wink
232  Bitcoin / Bitcoin Discussion / Re: Mining Bitcoin Forks Has Become More Profitable Than BTC Itself, Miners Pull Out on: November 28, 2018, 03:19:40 AM
You know the constant slander of any coins the btc zealots consider not btc, is really a sign of child like stupidity.

They call all other coins shitcoins, when the fact is many of those other coins outperform bitcoin in a multitude of ways,
faster speeds, energy efficient , built in anon, higher onchain transaction capacity and greater profit margins during the same time periods.

And many people have made money off of those altcoins.

Fact altcoins have made some people money and lost some people money , just as bitcoin has made some people money and lost some people money.

So if all of those superior designed altcoins are shitcoins, then bitcoin is the worst shitcoin of all.


 Cool
233  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin SV to process 1TB in transactions within three years on: November 28, 2018, 02:59:53 AM
What size hard drives is it believed to be needed for SV's full node , once the 1TB blocks start?
Also what will be the minimum ram requirements?

FYI:
Windows Server 2016 is limited to a Volume of 64 TB
Less than half of a single day of Full 1TB blocks.
How do they plan to get around that limitation?

Or

Are they just going to say only Linux OS can run SV Full Nodes.
Since Linux supports 1EB (exabyte) per volume.





234  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin fail? What do you think is the most probable scenario why Bitcoin mi on: November 28, 2018, 02:13:22 AM
While I think that it's quite unlikely now for bitcoin to "fail", I personally think that what would cause bitcoin to fail completely is if a certain person finds a catastrophic bug and abuses it instead of reporting it to the devs. Probably a bug that can make people steal bitcoin from certain addresses or something along those lines.

If too many miners can't make a profit btc dies.
It is one of the major flaws in PoW design. (Insane Input Costs to maintain it's network.)
I don't think so. As long as a few full nodes are running then bitcoin is fine. I also think having zero miners is very unlikely, as there's always money to be made regardless of price. Worst case scenario is just that the number of miners will significantly drop, but probably not necessarily comes down to zero miners.

If no one makes a profit
, then it becomes zero miners and btc dies,

If a few can make a profit
of course btc lives on, but more centralized than it already is.

The Possibility no miner makes a profit depends on the marketplace.

After all how many New atari consoles do you see made nowadays or 8 track tapes, no profit and these companies quit producing more.

Worst case scenario is that No miners can make a profit.

Anything else is painful for the miners, but survivable for btc.

FYI:
It takes Millions of Fiat Dollars per month to sustain the btc network,
otherwise the 51% attack becomes a greater possibility and it finishes off any support for btc.

Many btc fanatics don't like Proof of Stake, but those insane input costs are not a danger to a proof of stake network.
As it is not geometrically wasting more energy like a PoW network is, with no real benefit to show for it.
235  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin fail? What do you think is the most probable scenario why Bitcoin mi on: November 28, 2018, 01:48:01 AM
Although highly unlikely to me it's some hidden flaw in the algorithm that would allow cheating somehow and there would be no way to fix it. what do you think?


Most likely way btc would die.

The input costs required to make new btc exceed the price of btc in the marketplace for an extended period of time.
As such the miners go bankrupt and can no longer afford to mine, this kills the btc network.
No Profit, No Miners , No btc

Example: https://btcmanager.com/u-s-mining-pioneer-gigawatt-files-for-bankruptcy-in-washington/

If too many miners can't make a profit btc dies.
It is one of the major flaws in PoW design. (Insane Input Costs to maintain it's network.)
236  Bitcoin / Bitcoin Discussion / Re: Nobody Buying Cryptocurrency :( on: November 27, 2018, 04:30:01 PM
Investors have gone out of their minds to be selling altcoins when they are down 90 to 99 percent, but what I cant believe is nobody buying them.  

Shitcoins dont store value.


Then Bitcoin is a Shitcoin, because it does not store Value Either.

Ask anyone that purchased btc over $4000 , where the hell their value went.

BTC is NOT a store of value, it is a speculative investment and as such no guarantee it can't go to zero.
237  Bitcoin / Bitcoin Discussion / Re: The Lower The Price Of Bitcoin Gets, The Better. This Will Lead Us To Salvation on: November 27, 2018, 04:12:52 AM
God created everything and does everything. I do not believe in Jesus. I'm Jewish.

Hate to break it to you.

God gave humans Free Choice (ie: Free Will) to choose their actions either good or evil.
(This includes the ability to create or destroy on our own.)

Your understanding of God , is lacking.

Even the Jewish did not deny Jesus existed only that they did not believe he was their messiah.
In the Quran , Jesus is referenced as a Prophet & Messenger of God,
In the Christian Bible ,  Jesus is referenced as the Son of God, one of the Holy Trinity  (Father, Son, & Holy Ghost)


FYI:
https://www.myjewishlearning.com/article/free-will-in-judaism-101/
Quote
If humans do not have free will–the ability to choose–then actions are morally and religiously insignificant: a murderer who kills because she is compelled to do so would be no different than a righteous person who gives charity because she is compelled to do so.

Jewish tradition assumes that our actions are significant. According to the Bible, the Jews were given the
and commanded to follow its precepts, with reward and retribution to be meted out accordingly.
For Judaism to make sense, then, humans must have free will.

238  Bitcoin / Bitcoin Discussion / Re: The Lower The Price Of Bitcoin Gets, The Better. This Will Lead Us To Salvation on: November 27, 2018, 01:24:39 AM
Ok,

You're one of those confused people that confuse a product with a deity.

btc is a product/service, it was not created by God, it was created by a fallible man.

And if you had paid attention in Sunday school ,

Jesus threw the money changers out of the temple, their presence in the temple offended him.

One of the rare times , he was enraged.
So thinking he would welcome bitcoin shows you're were not paying attention.  Smiley
239  Bitcoin / Bitcoin Discussion / Re: The situation with IRAN on: November 26, 2018, 07:58:05 PM
It is the Rothschild family behind all of the shenanigans.   Tongue


http://www.theeventchronicle.com/finanace/three-countries-left-without-rothschild-central-bank/

Quote
The Rothschild family is slowly but surely having their Central banks established in every country of this world, giving them incredible amount of wealth and power.

In the year of 2000 there were seven countries without a Rothschild owned or controlled Central Bank:

    Afghanistan
    Iraq
    Sudan
    Libya
    Cuba
    North Korea
    Iran

It is not a coincidence that these country, which are listed above were and are still being under attack by the western media, since one of the main reasons these countries have been under attack in the first place is because they do not have a Rothschild owned Central Bank yet.

The first step in having a Central Bank establish in a country is to get them to accept an outrageous loans, which puts the country in debt of the Central Bank and under the control of the Rothschilds.

If the country does not accept the loan, the leader of this particular country will be assassinated and a Rothschild aligned leader will be put into the position, and if the assassination does not work, the country will be invaded and have a Central Bank established with force all under the name of terrorism.

Quote
Rothschild-owned or controlled Central Banks

Central banks are illegally created private banks that are owned by the Rothschild banking family.

The family has been around for more than 230 years and has slithered its way into each country on this planet, threatened every world leader and their governments and cabinets with physical and economic death and destruction, and then emplaced their own people in these central banks to control and manage each country’s pocketbook.

Worse, the Rothschilds also control the machinations of each government at the macro level, not concerning themselves with the daily vicissitudes of our individual personal lives. Except when we get too far out of line.

The only countries left in 2003 without a Central Bank owned or controlled by the Rothschild Family were:

    Sudan
    Libya
    Cuba
    North Korea
    Iran


Now in 2018
https://roserambles.org/2018/03/01/only-three-countries-left-without-a-rothschild-central-bank-thursday-march1-2018/
Quote
The only countries left in 2011 without a Central Bank owned or controlled by the Rothschild Family are:
    Cuba
    North Korea
    Iran

*North Korea next to fall to the Rothschilds:https://www.youtube.com/watch?v=90xD71ANvEA
240  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] on: November 26, 2018, 06:52:51 PM
I bought ZeitCoin more than a year ago, I see that the developers are trying to work, but I did not see normal growth at all.


I am assuming , you mean growth in the price per coin.

Price per coin is determined by the marketplace, not the developers.

If you want to sell, you'll get a higher price on SouthXchange or Trade Satoshi
there are Whales on Cryptopia that are artificially manipulating the market lower so they can accumulate zeitcoins
from those unsure of their previous purchase decisions.
Whale Wall, only added after the zeitcoin price started going up after their original 20 ltc wall was absorbed
Price (LTC)                  Amount (ZEIT)                Total (LTC)   
0.00000075            79941079.84031937         59.95580988
(in time this wall will also be absorbed.)

Devs also don't control those Whales that are limiting the price growth per coin.
That is a marketplace issue, not a developer issue.
Some traders/investors will take advantage of it , others will fall prey to it.



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