all these people crying about gemini... give it a few weeks/months to actually get online properly... rome wasnt built in a day...
They're not building Rome. |
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wall street money pouring in.
Yup, currently 3.2 thousand dollars bids at Gemini, this looks sooo bullish...  The bid sum / ask sum ratio is about 20$, might be an insight into the future of bitcoin...  And those are probably just nerds from this forum "Taking Part in History!!!".  |
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wall street money pouring in.
 WEEEEEEEeeeeeeeeee....... |
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So much excitement. So much moon.  |
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"When I'm called off, I got a sawed-off
Squeeze the trigger and bodies are hauled off
You too boy if you fuck with me
The police are gonna have to come and get me
Off your ass, that's how I'm going out
For the punk motherfuckers that's showing out"
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couple of hours until gemini opens.
There should be a dump I guess, but I have this funny feeling "this time will be different" TM. |
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Stay at $245 until people are convinced it's not a mirage and then it will be pumped up to $250-$255. |
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The Northern Lights are insane today. This one is from yesterday. Today it's even better.
That looks incredible. Where do you live? Tromsų, Northern Norway |
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 The Northern Lights are insane today. This one is from yesterday. Today it's even better. |
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Hell no! I never spend my money, not on frivolities like lunch I don't.
When my grandpappy raised me in the Deep South he drummed it into me to think of eating as not frivolous. Our family has a tragic history of loved ones forgetting to eat and passing away. If I remember to keep eating I'll pass on the same wisdom to my future kinfolk. Mmmmm....eating kinfolk. |
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Miners revenues are mandatory to ensure the network's security.
While the block reward tends to 0, it is natural for a fee market to emerge, or else there would not be any incentives left for the miners to keep spending the resources that a POW system requires.
Meanwhile, you can enjoy transacting for nearly nothing.
It is possible to have too much security. Would you hire an army to guard a child's piggy bank? The compensation for miners should be proportional to the security they actually provide. It costs almost a million dollars/day to secure a network with a 3-4 Billion dollar market cap. How much do you think the New York Fed spends guarding their gold vaults under 33 Liberty ST. ? I would be very surprised if it was anywhere close to 1 million/day. If miners can provide 90% as much security for 10% of the current cost/transaction, that is a increase in value to network users. If they keep stonewalling any blocksize increase, they risk losing market share to competing altcoins. I'm not selling my BTC, but i'm not reinvesting my arbitrage profits either. I'm using them to buy bitshares. If small blockers were truly committed to decentralization, they wouldn't be limiting Bitcoin's utility. A settlement network between trusted third parties is absolutely not what Satoshi or any of us early adopters had in mind. It's supposed to be a peer-to-peer electronic cash system. It always was. So the caping is preventing utility? Or "mass adoption" maybe? What is actually forcing miners to spend millions to secure a system that should not be as powerful? Seriously, you need to take a deep breath. It's the network that is spending millions on miners. What bothers me more about small block proponents than their actual position is that they can't convincingly argue in favor of it. Almost as if they haven't thought it properly through. Or simply don't know what they're talking about. |
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I see no reason why fees can't pay for a pretty hefty pow network when there's no block reward but thousands of transactions a second and $30k-$70k coins. Any artificial scarcity on this front now will strangle Bitcoin.
Start with there is no "thousands of transactions a second and $30k-$70k coins" as of now, in reality y' know.. No, now there's block rewards paying for a pretty hefty and oversized pow network.  You not happy already freely spamming a network that takes a difficulty of 60,813,224,039 and 456,026,187 GH/s? Show some gratitude young man, now where is the mass adoption thing kicking in again? What? Please explain. Edit: Ah, I forgot. I'm in the wrong forum.  |
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I see no reason why fees can't pay for a pretty hefty pow network when there's no block reward but thousands of transactions a second and $30k-$70k coins. Any artificial scarcity on this front now will strangle Bitcoin.
I agree. Though I am not actually all that worried about the block size limit as I believe the dynamics of Bitcoin will ensure it is disposed of. If not in good time then in time enough. I'm more of a cheerleader for the process than for any decision in particular. As a nerd I tend to have very strong opinions on things I think I understand, so I will argue as a matter of course. But when I lean back a bit I can't really see this not ending in a raised (and eventually removed) blocksize limit. I see no reason why fees can't pay for a pretty hefty pow network when there's no block reward but thousands of transactions a second and $30k-$70k coins. Any artificial scarcity on this front now will strangle Bitcoin.
Start with there is no "thousands of transactions a second and $30k-$70k coins" as of now, in reality y' know.. No, now there's block rewards paying for a pretty hefty and oversized pow network. |
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Miners revenues are mandatory to ensure the network's security.
While the block reward tends to 0, it is natural for a fee market to emerge, or else there would not be any incentives left for the miners to keep spending the resources that a POW system requires.
Meanwhile, you can enjoy transacting for nearly nothing.
Yeah, that's my thought. A fee market should be allowed to emerge naturally, not artificially by restricting resources. I see no reason why fees (as they are) can't pay for a pretty hefty pow network when there's no block reward but thousands of transactions a second and $30k-$70k coins. Any artificial scarcity on this front now will strangle Bitcoin. |
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You mean the guy who works for the english branch of the russian propaganda machine RT? |
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Baaahhh... We'll run over $300. Straight to moon.  |
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I read somewhere that in Switzerland there is a famous Product Design Hochschule that has given mankind such great advances as the black-on-black appliance control panel and the knee-busting car glovebox. I gather that they now have a new course where the best website designers of the world can learn advanced reader irritation techniques, like maximizing the amount of wasted screen space, writing with gray text on gray background, permanently displaying sidebars and menus that get used only once every solar eclipse, marking irrelevant information with animated gifs, and so on. ASCII Ribbon Campaign? Crusade against html? You might not be representative for the average user. |
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Yeah, everyone will trade in their shitcoins for bitcoins. Edit: CCMF!!! Thanks Tarmi for the bullish news!!! CCMF!!! It isn't even real news, from what I can gather... |
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Yeah, everyone will trade in their shitcoins for bitcoins. Edit: CCMF!!! Thanks Tarmi for the bullish news!!! CCMF!!! |
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we will hit 300$ again 
