By the way, just in case you think that by creating topics and perpetually answering yourself will get you to 1000 posts and legendary level within a month, then you should know that this ain't how it works...

  activity = min(time * 14, posts)

Also read this:
  https://bitcointalk.org/index.php?topic=1689727.0 

Meanwhile, I'll waiting for you to play the victim card again and say that you are genuinely interested and you have been contributing in the discussion with your "valid and serious" questions on the future of bitcoin which people here haven't yet thought of..Coz they had been waiting for Shortcoin Jesus till now..!!

That'll explain why have you taken it upon yourself and your newbie account to single-handedly occupy the forum with your never-ending drivel!! AND your Emoji-decorations.

  Christmas is still a few days away man. Don't get so festive already!! 

And you are a victim-card playing spammer. If the forum wasn't filled with people who post replies to any post just to add to their count (without reading about the crap you've been repeatedly spewing), you would have desisted from this.

You are clever enough to realize that this works for you because most people won't bother about calling you out for your irrational behaviour.
If nothing else, stop with those stupid emoji highlights dude.

About your stimulating discussion. What on earth do you mean by "ïf it somehow  worked by asset preservation??"

What part of Proof-of-Work/ Proof-of-Stake algorithms don't you understand? Just asking pie-in-the-sky questions doesn't make for a discussion. This is the kind of self-righteous, hippie behavior that makes otherwise reasonable people question the motives of all those green warriors.
You cannot not use energy for everything. Lets hear an alternative from you to enable ässet preservation" or whatever fancy title you want to come up with next..If you cannot then just STOP creating topics..Your thoughts are not so unique and revolutionary that you want to keep creating new topics every hour...LOL..
Just google your "ideas" and you'll have plenty to read!

Another question to ponder.
Why are the block sizes for BCC blocks unusually large compared to bitcoin blocks for lesser amount of transactions. Does that mean the average BCC transaction size is much larger?

I am reading up and will update possible answers that i find. I hope it'd be useful for someone at a similar learning stage!

Shortcoin, I empathize if this was all just natural and involuntarily but you are really just playing the victim now. Man, you actually were FUDDing and being a typical spammer with those decorations to all you headlines..

It doesn't appear that you just have a "different viewpoint" on the longevity or robustness of bitcoin. Normal people don't make obsessive posts filled with emoji headlines about "massive incoming crash" all in a matter of few hours.

I think this kind of behaviour would be shown by someone who has either lost money on alts or someone who really wants to manipulate opinions. (I don't think you could do that alone though but even then nullius calling you out isn't really a bad thing). Maybe you were just venting.

So, I'd say it'd be best if you desist from such eye grabbing posts and those too in quick succession.

The forum is after all about the improvement and constructive criticism of bitcoin, not for false crash predictions and theories.
I suppose the respect that you are showing to moderators on your previous post, you can also show for the intellect of readers of your posts.

Haah! I am glad that nullius called out your bluff up there. From his responses, he sounds much more thorough than your own one-line accusations of him trolling your posts. And frankly, its never a good thing to call out people who have not even posted yet on your topic. You could have responded later.

As far as your point regarding "GREED driving BTC prices"is concerned. Of course, its been a mad rush especially with the future markets.The increase in price is fueling large scale adoption in Asian countries too on a wide scale. India is of course one of these sleeping giants just waking up.

People expect the price to go up indefinitely (which BTC has been doing now for years and will continue for quite some time). All this FUD you are spreading regarding BTC somehow failing because the early adopters will take all your money is quite maleficent. And its a long shot that something like this would happens because:

1. Not every one of them will decide to sell their BTC at the same time. Those who do will only find theirs being lapped up in a short time. If anything, it only helps the disctribution.

2. Even for the early adopters, there's a huge peer group against whom they are goin to peg their wealth. I don't think anyone of them wants to be left behind when BTC creates its new billionaires.

3. The thought of people having 1000+ BTC, suddenly becoming billionares shouldn't be so scary. In all likelihood, these are the people who held onto it through the years and are capable people mostly.

4. Its not just the Grandma money that has brought this thing to half a trillion dollar. Their are institutional investors too. In all likelihood, this is wealth redistribution if the average retail investor simply decides to get his principal amount back and leave the rest. This way, nobody gets hurt. The prospect isn't all that bad.

Someone asked if BCC will ever replace bitcoin in another post. I am relatively new to this and had been wanting to take a look at the blockchain explorers for sometime. So I took a few screenshots for the chains and they show the differences quite clearly

Some of the other differences are less obvious for which community input would be really welcome.
Here's a screenshot of the latest blocks in BCC blockchain:



A few observations and questions that come to mind:
1. Number of transactions in each block are all under 500. This means that the chain will have very few unconfirmed transaction as the blocks are just not filling up with transcations. Isn't this one of the reasons that the "transfers and confirmations"on BCC are "so fast" as of now which everyone seems to be hailing??

2. The one block mined with Antminer shows just '1'transaction!! Does that mean that the miner simply mined an empty block?? Can someone else shed some light on this??

Next here is a screenshot of the bitcoin blockchain:


The usual i guess but with almost 1500 transactions per block, which is of course pretty low from the desired scaling capacities but still goes to show that the bitcoin blocks are almost going full.

Just one question that whether the one's showing "Antminer" beside it, are they being mined by bitmain??
Any other information would be welcome guys. Thanks!

BCC replacing bitcoin is mostly an unnecessary question. They didn't have to be in opposing camps because the only major technology difference is the blocksize.
If this alone could propel a crypto currency above bitcoin, then some other coin would have done this already and the same must have been done by it to another of the almost 1800 crytpos out there.
For the time being, the questions regarding on-chain scaling are the real issue that would have been best solved by all the best brains joining together rather than this political/ greed motivated bickering that has instead been going on since BCC came into existence.

Now there are multiple arguments on both sides about who fired the first shot and it has been debated endlessly. Ultimately, what matters to not just bitcoin's future but also for crypto as a whole is whether they can come up with real workable solutions to the scaling issue.

For now, those who are being happy about fast confirmation times of BCC need only take a look at the blockchain explorer results for the two chain and forget about the prices for once.
The number of transactions that the BCC chain is doing are far less at present as compared to the BTC chain. You really have to wait and see how well BCC will actually scale when more transactions start coming on.

Its not just the title. You continued to demonstrate certain traits in your responses too. Well, I've put it into bold for you now. Care to elaborate??

People here are nice. Look at all the people giving you pointers.

Look at the response from nullius for how it makes people feel when you say "I want to make a hard fork and yeah I DON'T HAVE ANY CODING KNOWLEDGE". Its like saying "I want to screw around just because I can". That is stupid. Some people call stupid when they see it.
 

All the answers comparing bitcoin as an "investment" to stocks are missing the point..

You invest in bitcoin because its much more than an investment. You invest your time and your brain-skills to get to know about it and all the other good/ bad things it has spawned. It has reached a 0.5T USD market cap. The developments behind it are going to someday revolutionize the way we trade and the way wealth distribution happens.
Hopefully, It will make trickle down economics more than a trickle..

Pathetic!

What kind of a person would start a thread titled "How to fork bitcoin?" and say "I don't have any coding knowledge". And here we are , replying to you. Things have truly gone down here..
Well, lets just give you the benefit of doubt. Do you care to elaborate what exactly you want to accomplish by this?

My guess is that either you are a teenager who maybe wants to impress your peers or you are one of those shameless scammers who think that they can start something with the name of bitcoin attached to it and then dupe the masses with it. That is truly and undoubtedly pathetic.

I hate scammers. And i suppose anyone who tries to earn a decent living and contribute something hates them too. Why in hell do people plan so elaborately to make a fool out of gullible people and take away their hard-earned money?? :-( I suppose these people don't have a conscience and a soul..

Anyways, I get how stupid this is but just want to know whats your side of the story??

The fees have been killing people making small transactions. A transaction that has low fees doesn't get picked by the miners from mempool for confirmation and it remains there..
Most nodes will drop it from their mempools after 3 days. As its been 6 days already, i guess the transaction can be resent to you. Maybe someone else can confirm this please.

Good hypothetical scenario but the government has only just taken steps to enable cashless transactions. In india, RBI is a much revered institute as compared to the image of the Federal bank in USA or other Central banks in the west.

From the recent reactions of RBI, they don't seem to share such enthusiasm and the govt will not take a call on this without RBI's approval. Keeping these things in mind, it looks unlikely that such a dream would indeed come true.

If this does happen then I think we can see a large chunk of the tech-savvy youth who are finding it really hard to find jobs, switching over to mining to earn some side income. What innovations in terms of frugality and jugaad the Indian miners will bring to the scene would be exciting to see.
The only problem is the entry-barrier of high initial investment and availability of the required hardware.

Bitcoin seems to have no need of being a currency, at least for the time being. It has become more of a commodity and a store of value in the eyes of general public and new adopters. The futures trading will also strengthen this position. It doesn't make much difference now whether it finds widespread acceptance for buying/ selling or not.


Cryptos have been coming and going for quite sometime now. None have approached the widespread acceptance as well as authenticity of BTC. You need the distributed infrastructure running on insane miners around the world to make a strong blockchain and a strong currency. This doesn't seem to be happening for other coins so easily. Its a mad rush to the BTC front gates. Few people have the time or inclination to loo out for other crytpos vying to replace BTC.
Though if such a situation arises, it'll be pretty painful and may make everything go bust for a while


Both these things you are proposing are good qualities for a currency of course, but it doesn't look like that bitcoin depends on this recognition anymore. Even if so, Bitcoin value does increase over time and it is widely accepted, atleast the most commonly accepted currency now. So it already has these two qualities.

What we also need to keep in mind that the bitcoin team has the oldest devs in this line. Every innovation worth mentioning has started off from them. Its hard to find another crypto whose innards both technically as well as socio-economically have been debated and propagated so much. That makes it robust.
The development is agile and Bitcoin seems to have taken everything in its stride. Once we can get over the debate of LN leading to centralization, I think we'll be well on our way to see BTC as the Prime.

As far as similar growth is concerned, I think 2018 will begin with cyclical adjustments that happen with plenty of new investors onboarding. This will be the time for Alts to grow as well as those ICO roadmaps to show that they are worth anything or not.

Once we get some major news from successful ICOs, regulations for ICOs will most probably kick-in to sanitize the space. Thats when we'll see another big jump in BTC.
If there's a currency that can potentially be replaced amidst all this, its ETH. BTC will hold its own in my opinion.

When BTC rises, everything invariably goes down in terms of BTC. Even the better alt-coins. So you take the risk by buying one of these and shorting them when they scale back-up.
These cycles will not be there forever and they will soon die down. Make the most of them while they are still there. Only risk what you can afford to lose.

So when is Blocklancer going to get listed on some exchange or actually do something worth mentioning. There has been a lot of slow trickle into the project.
When do you guys plan to actually implement the platform.
Whats the status for website and server setup for your platform??

Bitcoin forks don't seem to be the reason. That frenzy has already passed. Its mostly because of the sudden increase in media exposure (everyone in my family has now heard of it), these people FOMOing and buying into BTC leading to exponential price increases and the big holders of alt-coins (bagholders) taking the opportunity to cash out.
On the positive side, it may lead to better distribution of the coins while the smaller investors may lose if they never come back up.

Rightly said. Its easy to lose sight of your own end game. I bought in some BTC with Fiat and then exchanged almost all of it for alts on exchanges believing their fantastic sounding ideas and all the fan-fare (which i still want to believe).
The Alts are bleeding and i am down BTC wise but still up fiat-wise. I can just cash-out but i have mostly invested in alts that i found interesting and really want to see them succeed. So I have decided to keep them put and wait for the BTC bull-run to consolidate.

Thats my end game. The alt-coins are all pegged against BTC as most people buy them with BTC and not with real fiat money. I also think that a lot of the founders and the teams decide to dump their coin and get BTC so they can have more funds at hand.

This isn't really bad as the team gets more resources and you get cheaper alts (vis-avis BTC) to hold for later and profit from if the team delivers at a later date. If the team doesn't and just laughs its way to the bank with all that BTC, well then, that has been the falling of ICOs and Alts since the beginning. In that case, as usual, we the common investors are fucked.!! But hey, lets be positive..

Some of the promising ICOs going on at present that I can vouch for are Bankex and INS. Though you must do your own research and only invest into those that you believe in. Don't believe the hype as its easy to create on facebook, twitter with bounty campaigns.

If you don't want to put the time to research and come at your own decision, then just buy some of the long held coins at exchanges that have delivered for some time. There is no safe invest in crypto right now. 5000$ is a sufficiently big amount depending on where you live and what you do.
So I'd suggest that put some amount in ICOs that you have researched and believe in, some in exchanges buying established coins (GNT, LSK, ARK, CAPP, ETH, XRP) and atleast 30% of your investment in good'ol BTC.

You are not a hardcore bitcoin supporter probably means you are not a bitcoin maximalist. I haven't been on the sub-reddits for sometime and have almost forgotten whats going on with that group. Whether it turns out to be a great solution or not completely depends on whether its going to really open up the investment/ earning / saving opportunities for more and more people. Regulations remain a hurdle for that.

There are so many forks because anybody with enough knowledge of the code is free to do it.

And this is really not the place to get into the Bitcoin vs Bitcoin Cash debate but scaling issues for BTC really need to be solved and that is the most exciting developments we need to look froward too. Bitcoin Core supports Segwit and low block size while the Bitcoin Cash group already has a 8 MB block size. Its going to be interesting to see how well they scale with an increased block size. Whether it really increased centralization or will the hardware for full nodes catch up in time.
For the moment, all these questions stand sidelined as BTC seems to be hurtling unstoppably to 20K.

The signals for BTC adoption and growth have been really strong lately. The fundamentals that economists talk about are only getting stronger. The apprehension that some kind of Mega players are moving the market also seem to be unfounded at the market cap of ~250 Billion.

Only thing that the mega players may possibly be doing is to move the market to accumulate more as well as rake in the profits from day-trading. Its highly unlikely that some particular entities are going to move the price now.

The only entities that are going to be able to control it now are the core developers and Bitcoin billionaires. And why would they ever dump them?
In my opinion, the adage that any entry point is a good entry point remains true for BTC.