Well the BCC guys want the price of BTC to drop this week and hopefully get a rise on BCC futures in order to get a bit of momentum going. I hope they get burnt bad
As soon as I found out about bcc, I panic sellers would sell. Weak Fuc s
I am so sorry to ask, who are the BCC guys? Could you please explain it... Thank you very much. BCC stands for Blind Carbon Copy. They are creating a carbon copy of bitcoin that nobody else can see or use. |
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Someone dumped 1000 BTC on Bitfinex which caught a few people in a long trap.
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we are going to have a second layer and we will allow bigger blocks.
stop worrying about irrelevant stats like node count, 10000 raspberry pies with poor connectivity isn't going to make your network more resilient than 1000 20K dollar machines.
bitcoin's security model is based on hash power. dont like that? make an Proof Of Nodes altcoin.
Bigger blocks on a second later will be pretty sweet. |
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To scale to visa/mastercard transactions per second, the blocks can never be big enough (if I remember correctly we need about 6Gig per block),
Never? Have you forgotten the mechanics of compound interest? Internet bandwidth is growing by 24% CAGR. ( http://www.cisco.com/c/en/us/solutions/collateral/service-provider/visual-networking-index-vni/vni-hyperconnectivity-wp.html) There is a ratio of 6000 between 1MB and 6GB. This is less than 12 doublings. If 1MB was small enough for 2010, then 6GB will be small enough in the year 2045 or so. Dominant payment mechanism in 30 years? I like the sound of that. You really think adoption will move that fast? Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. And the point of blowing way past any conceivable takeup is ... ... ... what, exactly? The security tradeoffs are not worth it to me. And as mentioned before, there's that entire lack of a working routing mechanism thing. Oh - and you didn't answer my question, did you? Lightning Network...this ones goes to a billion.  |
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To scale to visa/mastercard transactions per second, the blocks can never be big enough (if I remember correctly we need about 6Gig per block),
Never? Have you forgotten the mechanics of compound interest? Internet bandwidth is growing by 24% CAGR. ( http://www.cisco.com/c/en/us/solutions/collateral/service-provider/visual-networking-index-vni/vni-hyperconnectivity-wp.html) There is a ratio of 6000 between 1MB and 6GB. This is less than 12 doublings. If 1MB was small enough for 2010, then 6GB will be small enough in the year 2045 or so. Dominant payment mechanism in 30 years? I like the sound of that. You really think adoption will move that fast? Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. |
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i heard segwit is a trojan horse from illuminatis to take over bitcoin
That's sure sounds interesting, I think I've seen someone's signature stating this aswell. Where did u learn about this? Alex Jones probably. Or an alien. I repeat myself. |
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So what do the bits in the charts show?
Is there a BCC fork going on?
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Taxation is not theft because local tax agents say that it's your duty to pay taxes. And they are in authority so you better must obey them.
I mean disobeying somebody in an authority position is just so evil that I can't even find words on it.
This. Always obey authority. They know what is best. Not you, peasant. I mean clearly these rookie tax agents are fogetting the part that honest taxpayers have funded the Nazi Holocaust, and the Soviet Gulag atrocities. They clearly have no problem with taxation, they think nothing bad can ever happen out of it.. What could possibly go wrong? |
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Taxation is not theft because local tax agents say that it's your duty to pay taxes. And they are in authority so you better must obey them.
I mean disobeying somebody in an authority position is just so evil that I can't even find words on it.
This. Always obey authority. They know what is best. Not you, peasant. |
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They are important for nations, but many times they abuse of them and become thefts...
Someone taking something from someone without their consent does not "become theft" depending upon how they then spend that stolen money. The act itself is what classifies it as theft. Not actions taken afterwards. |
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Did you invest more than you could afford to lose when the price was $325?
bump |
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Dude, people are answering the same thing over and over in this thread. We get it.
How do I unsubscribe to a thread I've commented in?
Stop posting in this thread so it doesn't keep going to the top of my unread threads list. Thank You.
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Yep, my buddy today was shocked when I said you don't have to buy a whole bitcoin. He said he had to re-think his whole strategy now.
I really don't care about getting someone to buy bitcoins just to make money.
I think the next person to ask me about investing in bitcoins I'll give them a speech about the evils of the Federal Reserve and why Bitcoin is important for the future of liberty. If they let me finish I'll walk them through buying their first bits.
My buddy who actually started buying about $400 worth per paycheck last year bought it after I told him to download the wallet then sent him $10 worth of bitcoins. That is usually the best way to show the power of Bitcoin. The wheels start turning then.
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The dude has enough money to push it over the ATH. Perhaps he's hoping for a short squeeze and has a lot of bitcoins to dump at a high price.
Or maybe he wanted to buy because of the BIP91 locked in, but had to wait till his money got added to his exchange account  He's out now. Pulled his walls. You don't slowly push the price up if you're buying. Price is holding though. |
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The dude has enough money to push it over the ATH. Perhaps he's hoping for a short squeeze and has a lot of bitcoins to dump at a high price.
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[imghttps://image.prntscr.com/image/4No5MA5kQDuJpSt9YJA-cw.jpeg[/img]
someone sure wants dem bitcoins
Actually they probably just want to sell them for a higher price. ... yeah someone has plonked $12 million down to bid up bitcoin so he can get more fiat ...  I would think after all these years of watching walls, you of all people would understand what they represent. Elwar commented on that very thread about it 2 posts later. Edit: My guess would be they are gathering up large sums of fiat on their short positions they are opening. Getting ready for the weekend dumping. Looks like he is walking it up just like a classic whale pump and dump. |
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I'm thinking the person putting in the $12 million worth of bids is trying to win the ATH thing and collect the .25 BTC.
Rigged!
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