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Not too hard to understand.

Your "news" article needs proper date formatting to be in the News Section.

Thanks...

Think of how communications are organized on the physical layer of the Internet.

You have the really "thick" pipes, like OC-192 (10gig E), 768 and OC-1920 (99,532 Mbit/sec).

Then you have your internal connectors between large core blocks of switches from 10-gig uplinks to your standard gigabit over ethernet ports and the workhorse 100 Mbit/sec connections.

Bitcoin could end up being the "wide pipes" in the sense of value transfer, being used for larger amounts because of its running time (first-mover) and inherent security via the hashpower of the network.

Secondary transactions could be handled by protocol layers on top, or sidechain implementations that take the burden of small "bits" of wealth transfer off the main heavy-lifting "backbone".

I'm fine with this.

Every system would have its niche, and you'd use what was appropriate, just like crafting a jumbo-frame packet makes sense for a local LAN resource for file replication, but over a WAN you'd use something more friendly to TCP/IP windowing and your uplink limits.

What a coincidence.

After a huge China roadshow, someone in China thinks Ethereum is the future. Gosh golly gee, I wonder if they were watching as all the devs fled the stage to fix their node-crashing problem.

Maybe not - that part doesn't get much press. Just the lies.

More like "discuss our personal agenda to line our pockets."

And having to pay for the privilege of hearing a bunch of people natter on is just icing on the rip-off cake.

What else, you get a chance to enter a lottery to "fuck your mother if you want fuck"?

Get out of here with that crap.

Bitcoin bounced off of $1,000.

It bounced off of $2,000 for a short while.

It has now bounced off of $3,000 for a bit.

This is something that we've seen over and over, and yet we're supposed to panic? Seems to me someone is trading with emotions instead of a trading plan.

Feelings make for a poor trading plan.

I prefer being pragmatic and logical.

There are a finite number of Bitcoins left. Approximately 4.6 million, at the time of this post.

Anyone "cashing out" from an asset that has limited float is frankly, a complete idiot.

Bitcoin.com is owned by the scam artist Roger Ver.

And frankly, who gives a flying crap what Mark Cuban thinks.

Reminds me of news from China.

First they're banning it.

No wait, they're just going to regulate it.

Nope, ban again.

Wait a sec - gonna regulate.

Just keeps ping-ponging between two absolutes with nothing in between. Like a badly coded bot.

Bitcoin is useable to me. But then again, I've always known how to operate technical systems I understand. That might be too much for users who have less than a clue.

Market cap, the measuring stick of fools.

Its just yet-another-hit-piece-on-core masquerading as an op-ed.

Good for you. Nobody cares.

Scaling is coming in one form or another, and along with it, sidechains will arrive shortly thereafter - making a lot of alt-coin tokens completely irrelevant. But keep on rambling about how everything is "wrong" with Bitcoin.

I'm able to use the system just fine, just like I did back in 2011.

So much hyperbole, so little pragmatic analysis.

Why we give this dubious character any forum space is beyond me.

This is just a PR release for some company bullshit, not real news.

My understanding is to simply hold your coins in your own personal wallet, not on an online service or exchange.

Do not attempt to spend your coins during a split, no matter how tempting some of the more idiotic "strategies" posted seem. (In other forums.)

Longest chain wins, just like the periodic re-orgs that Bitcoin goes through on a daily basis.

ETH also has another problem.

Its developers don't understand security as it relates to cryptography. The exploits you've seen so far are a result of this kind of lapse. In the implementation of wallets, its even worse. Someone found a public key of an ETH wallet due to the fact the software wasn't generating with proper entropy.

All I see here is people leaping into a market that they don't understand so they can make a quick gain. Some will draw parallels to the Bitcoin rally, but we've been through this exercise multiple times and survived, whereas ETH is going through their own version of it this one time. There is no guarantee that they will survive long enough to see another.

Vitalik is the knighted czar of Ethereum, and as a public figure he is due scrutiny and other attempts to unearth his personal agendas. This is precisely why Satoshi disappeared, to allow the system to "speak" for itself and be improved by other people. In ETH's case, Mr. V is the "face" of ETH, so any shortcomings become his to own. He may wish later that this wasn't true.

Combine this with the fact that ETH is now an experiment in relativistic morals - i.e., "if we don't like what you are doing, we fork it away from you", an argument could be made that the situation that happened after the DAO debacle will occur again and the same kind of thought process will be employed. This is a large risk for anyone doing any kind of serious work within the ETH ecosystem.

Speaking of ecosystem risks, there's been rumors circulating about a potential SEC investigation into their fundraising techniques. Apparently soliciting investors, especially those from the USA, is frowned upon by several regulatory agencies, including the SEC. If this is true and gains any kind of traction, expect some rather huge sell orders to hit the ETH market as people rush for the exits before pending litigation hits.

Be aware of the risks, they are real. ETH has had its Icarus flight to the sun, but its getting close to that star and the wax is beginning to melt.

For that much money I'd be at the local landfill with a backhoe and a metal detector.

But I guess he never pursued it even right after he realized it was thrown out. Likely sitting in some substrate somewhere slowly bit-rotting away...

Been enjoying the long slow implosion.

Do go on, its been fantastic entertainment over the years.

Maybe stop necro-posting in old news threads.

Disastercoin has its own forum, just do a google search.

"Hey Larry, we've got a bunch of orders to fill and Bitcoin is trading at new highs."

"Okay, tell you what -- just say we're under DDoS attack and hold on... I've got a feeling."

< Price Drops Like A Stone >

"Nice, now we can fill those orders at much lower prices!"

I trust Coinbase as much as I trust any centralized service.... which is to say, not at all...

The magnitude of the retrace has me thinking that there's a lot of "new money" sloshing around the Bitcoin ecosystem.

2,250 was my "line in the sand" but that got wiped on the last push through. I smell pure fear in that last leg down, which naturally translates to the rebound we've had -- trading above 2,200 as I speak.

We're working out of the slump with oscillations in the 2200 - 2300 area. While I don't think we have the same momentum that carried us to 2700+, its reasonable to think we'll start to fill in a bit higher after the panic has subsided. A lot of newbie traders out there that got spooked since this was their first decline.

Just another day in Bitcoin-land.

Yes, we've fallen off of the exponential curve we were on, and before we could really realize a truly "vertical" moment. (But we came close.)

I suppose with many new traders involved, a lot of panic helped to magnify what would've been a 400 - 450 dollar decline into the mammoth 700+ decline we saw.

Now we have to consolidate and figure out the next trajectory...