Look, I'm not trying to sell you on ETH. Let me put forward a supposition: deriding holders of Bitcoin hasn't been going well for you in the face of increasing prices (that now exceed your exit point), so you devised a strategy to latch on to eth instead. That way you can still deride holders that you told to sell in the $200s. You never bought in low, and you never did fantastically financially from eth. yep, bout sums it up ... there's a whole shitload of sold-out bull money sitting on r/btc, snowflake egos still butthurt over getting served up badly on the great blocksize purging ... now they'll be bitching and whining the whole way up about how shit bitcoin is working for them ... yeah, too right it is, they sold out before the next biggest rally EVER! lol, to the losers, yay for the new bitcoin winners, we needed some distribution before this rally anyway. Also they'll be chasing the rocket all the way up the wall of worry so are a big source of new fiat money fueling the rally. Couldn't happen to a better bunch of disingenuous, back-stabbing, ungrateful bastards. |
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Nodes are an enforcement mechanism, but by no means do they decide the size of blocks to be produced (until we hit the anti-dos limit from 2010 recently). If the dos limit was lifted, miners would resume sizing blocks according to their own supply curve and the demand curve they serve. I somehow doubt miners would cram all blocks full to the new limit with free transactions, it would not be in their own interest to strain the node network in such a manner.
I don't think you have a clue what miners would really do but just make shit up to serve your propaganda purposes .. blah-troll-blah... and you need Gregory and friends to protect you .... blah-spout-troll-blargh
You seem to have a fixation on this "gregory" character, like you are butthurt with something he did to your snowflake ego once. Bitcoin Core open source software is made up of at least 100 contributors who are free to come and go as they please and miners and nodes are free to run whichever version of the code they choose .... I run my own version that I build myself (you'd luv it if I ever released). Sounds more like you want everyone to be 'protected' (as in mafia protection racket) by YOU and YOURS rather than choose for themselves? |
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I think the transaction times getting worse and worse.
Only for some spammers and cheapskates who should be using lower-security off-chain options anyway ... |
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I have been saying that I liked $800 range Bitcoin for months....my brother was surprised to learn that I had made hardly any money from the recent pumps.
"What do you mean you haven't made any money!?, You have been going on aboot this Bitcoin pump for ages!"
What I do consistently make, are fucking atrocious trading decisions. I called $677 Bitcoin around 2 weeks ago (not here). My plan was to get long from around $540 on the retrace. It never came. When bitcoin broke out through important resistance zones that I told myself would trigger a buy signal for me, I did nothing, cos it felt like I was chasing the market, and I have learned never to chase.
I find I can trust my 'judgement' on things. But my decision making is fucking shocking.
LMFAO ... honestly, this is comedy gold. This guy^^ he really needs to get a stand up show and go on tour to the bitcoin conferences as a light relief act to run between all those dry regulators and bankers trying to coopt bitcoin with ignorant hour long exposes ... I would pay for the laughs. |
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I remember you used to write somewhat coherently on raising the blocksize, if not everything else, what happened? Drank too deeply from Gregory's cup?
You are arguing for microtransactions when it's impossible to have microtransactions on a blockchain. Yes, 5 cent and 20 cent transactions are still cheap because even if you raised blocksize 10x higher, the transaction fee would still eventually become so high that only $10,000 transactions and more would be valid even with 8-10MB blocks. The only thing that would allow you to do microtransactions is a second tier system like Lightning Network or off-chain solutions like Circle and Coinbase debit cards. Anything directly on chain will always be expensive. In short, you make no valid points because you are arguing for microtransactions directly on-chain when it's not possible. My argument is that the only people who should be setting pricing for block space are the producers of that space, the miners. Miners are not the producers of blockchain space they are the producers of hashing power (securing the blockchain), if there are such things as 'producers' of blockchain space, it is the broad ecosystem of fully-validating nodes. (NB: Nice try at derailing the economics of the argument in your "Massive on-chain scaling" biased favour though.) |
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Does this have the marking of a "super bubble," taking us into low 6 digit territory by 2017? Or, just a one-off event?
I'm interpretting that masterluc thinks we are at a similar place as early in the April 2013 run which went from ~$15 to $266 ... i.e. x17. So beginning at $420 x17 ~ $7k ... and maybe another mega run (x5 ~ $32k) after that as per Nov. '13 sometime later, say Jan. '17?? |
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no one knows who predicted Bitcoin... But i read in the book of bible in Revelation im just not exactly sure what verse in revelation and chapter, it says that before the second coming of Christ there will be one currency that can use all over world and then money will no longer be useful  Ezekiel 7:19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
Revelations 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. |
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Sure, among select groups bitcoin will gain in popularity. For example, gamblers, the digerati, and some tax evaders. In the world economy, bitcoin will be the equivalent of a currency of a very small country. But bitcoin doesn't offer an advantage for the extreme majority of people.
"The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s." - Krugman |
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ha, ethereum is the Federal Reserve debt notes system re-incarnated ... increase forever funny money controlled by the 'all-knowing and wise' central committee and Chairman Buterin with the final word.
Vitalik is basically Janet Yellen, without the wig.
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Using bitcoin in the Vatican Bank would be about as welcome as sprinkling Holy Water around/over a Satanic ritual congregation.
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Vitalik is not clever at all, he's a naive kid. He's just being exploited by a group of ruthless bankers who get to pump a wunder-kid 'back-story', while painting a $1.5 billion target on Vitalik's head ... and they can disappear when it collapses and Vitalik get's left dealing with the fallout, if he survives that long.
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question will be what happens at 1150? ath should be a decent resistance.
The ATH was so long ago it feels a little like ancient history now. Perhaps the market will simply shit all over it on its way north just to prove that we're in a juicy new era. New ATH is better measured on market cap due to all the bitcoins that have been issued since the last ATH ... same as measuring the low versus previous ATH worked out more reliable for picking the low. New ATH will be hit around $888 (~$13.9 bill market cap)... I'm expecting solid rocket boosters to be engaged if we go through that convincingly and since it is lower than current cost ($~950) fully expect it to happen but not sure how soon. |
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Page 15555 .. this is something special. Must say a special message!
Don't sell under $800-850$ in the next few days... you will get burned! ... 900$ will be the new base next month for a week or two.
... next pause is at 15555 |
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It is an interesting question. I saw other EU countries on the CIA list also, like France, germany, etc and wondered how they calculate that since the European Union has it's own M1 (euros) also ... I wonder if the member banks have an allotment of their own money stock that they get to manage separately from their 'euro' stock? |
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I don't care what Altcoin you want to follow but go somewhere else to talk about it thanks ... look at the title where does that say Altcoin discussion?? ... I have no problem with Altcoins but stop being shilling ignorant annoying impolite little fucks and take it somewhere else ... thanks, don't be disrespectful to your hosts, i know you are all excited but be good little puppies and go piss on the mat that was laid out for you at the right place.
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I see the parasite pests are back out shilling their toxic fiat-wannabe slops ... who's got the varmit gun?
Take it to the Altcoin section with the rest of the desperate pretenders.
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I can't believe the price action over the last few days, it's almost ridiculous (in a good way, obviously). How much longer can this continue ... on past experience of these breakout moves to new uncharted territory they can last 4-6 weeks ... I'm figuring we're about 2-3 weeks in. You''ll be totally exhausted by the end of it if it is a real one. |
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