"Why is BTC dropping every week?"

Fees dear whatson, fees that hit $55 two months ago and that turned the ship around and like the titanic this
will not be forgotten.

Is that rain I hear whatson, thunder or just the lightning network and it's banker hubs that doing the rumbling because you don't need
to be a detective to know that something that charge interest on BTC need to keep a channel open and transactions fees is known
by the common mans term as a bank.

Not seen a hammer in weeks, cup and source is what I am seeing and I remember the old saying about "Let the trend be your friend" 
but what would I know after I was forced to sell out (Take profit) my so called weak hand when BTC was last at $18k and all I could
hear around here was "Buy on the dip-stick" ?

Greedy miners and fees hitting $55 is the elephant in the room and it's not going away, has a long memory and when the bear
see it then it will be running for cover to save it's life.

oh do view my posts, go back a few months just in case you're thinking that I just pulled this out my bum 

if you go back to just before the last major spurt in the price of Bitcoins about 14 months ago then
the ransomware WannaCry virus was at it's peek with payments being demanded in Bitcoin !

Well was this seed money needed for the pump-en-dump because interestingly I am told it's back again
so does that mean prices are about to go up again or that the miners are desperate again having become
accustom to the high-life.

Drugs, Sex, Gambling and extortion were built into Bit-Coin from day one so I find it mute to be asking about this
now.

This $5000 number has popped up a few times today as if it's what some people are hoping to be a sold floor
but I think you will lucky if this is the case.

Bitcoin was going to $50k at which stage I planed to get out before the crash but the miners got to greedy, too
early and put fees up to $55 per transaction and this sent the small fish running for cover and now us sharks are
starving to death.

That promise of "Low fees" on the Lightning Network is not working because the fish can read small print and read the bit about
adding transaction fees and interest on the BTC needed to keep the channels open by the bankers , err...... miners .... err ....
users is going to come back and bite them.

Gentlemen we could be facing an extinction level even here, dam could collapse just like happened during Tulip Mania
but at the very least I think we are looking at a DOT-CON bubble crash like we had back in 2000 but what would I know
having being a weak hand that was forced by common sense to jump out when BTC was last at $18k and the brain boxes
here were all talking about "buying on the dip-stick"  

Yeah, Yes I know I just want you all to sell so I can buy up all them cheap coins ................. in your dreams

Anything that upset the party faithful here is FUD even when backed by facts and reasonable objections from guests who are not
all running adverts in the footers of each comment they make and are looking for tips and spend most the day spamming 
the internet using something you call a "Signature Campaign" here.

Your the one who is "mislead the public here" because you only care about your own pocket and is libel to go panic selling and I bet your
not a developer but a member of the resident congregation that thinks he's pleasing his money god.

Please come back to me if you want to talk technical, I like that !

How far did you go past adding hash codes to a linked list ?

Did you turn the transactions into skinned out objects with methods or did you simply store LIST<T> or string arrays to represent the transactions
and did you get the list to persist itself to file storage ?

Running SHA256 to represent PoW and double hashing the hash-codes as taken from Bit-Torrent should not had taken too long so did you
have time to even start the network layer because if you did then you are faster than me.

Would you admit that it would take you years to turn this into a actual working product ready for testing ?

I could knock up a block-chain from scratch in under three hours and if you look on Youtube then someone gives an example of the
stub code that is only about 50 lines long.

Now to turn that into my "Own" coin, deploy and test on a network it would take me about .........................
......................... five years at a guess after nicking part of the encryption code and a few other bits.

Running a macro inside Microsoft's Excel does not mean you programmed the darn thing, your just a user, not
even a script kiddie writing VBA but if your just after a alt-coin then best check out ETH and pay them gas to host it for you.

That's a nice assumption to make Danny, shame it's wrong and if you do a word search for the word "Fee" in the document then like me you
will know by now that the term is used 45 times.


I believe you are correct, lots not covered in the document and much has been made up as they are going along but if you care to take a look
at the network map here https://lnmainnet.gaben.win/ then it becomes obvious that Alice and Bob are not running the banker hubs because they
don't have the BTC or the hardware to run these nodes so it's a fair assumption to assume that miners are running the lightning banking nodes
which i am sure can be checked by your good self if you care to trace the ip-addresses.
 
You don't become a highly paid software contractor without learning to read and understand technical specification if that answers your other
cheap dig my friend 

Now that would be hard work mr troll signiture campaign manager as can be seen from the advert in your footer
and trying to work for tips number "39twH4PSYgDSzU7sLnRoDfthR6gWYrrPo" to make ends meet must be
a desperate effort on your part.

May i suggest again that you are in the wrong forum, do learn to read will you now and stop acting like a cheap
hooker who will say anything for a few cents.

Yes 100% and all the cheap copy clones too with only a slight exception for ETH who also provide a useful service.

Simple because faith in both the development team and the miners has been destroyed and if you look at the peek fees being
early Jan 2018 and plot that against BTC price crashing then my theory must have legs.

Had the miners just increased fees to make hay whilst the sun shines to say $2.00 per transaction then the price would had dropped
a bit but recovered but holding a knife to peoples throats kind of leaves a lasting impression and pretending that everyone is loaded
that gambles with BTC does not tie up with the facts because even the so called "Day traders" I see here are often working for a few $$$
a day.


I seem to recall the peek was later than that but it takes time to slow down and turn around a ship but obviously the 25% a day gains
could not be sustained for long.

I was quite loyal with Bitcoin for a long time but that loyalty meant nothing when profit was involved for the miners and they grabbed it
but FYI money really means nothing too me and I use to be king rat.  

Top notch man and i will check "Veracrypt" out if I can get the source code and not just a Dll plus it's not bloated and
runs fast then I might use it.

The trouble is you can find lots this type of code but it's all Linux based and I manged to rip out Bitcoins encryption that
I trust for key exchange but it's much too slow for bulk data and "on-the-fly" encryption.


Building a network and trying to address all the problems created by criminals is a problem and on one hand we have microsoft scum
and it's new user agreement.


acting like big brother and on the other hand we have homosexual sex perverts using the network so when it comes to privacy it's becomes
all or nothing and I fear the fascist state doing more damage than the perverts myself.

Tor with just a few hundred exit nodes and slow speeds has not really advanced much in ten years and all the exit node address are known
plus onion sites only work if the server stays connected and on-line so i am trying to to develop something similar to smart contracts but instead of
just hosting bean counters the nodes host onion type sites instead

Been cutting too much code and putting it in the bin so i missed the post but will pop over now
 

No not at all because the damage had been done and what will go down in our history books written next to the
section on Tulip Mania is that fees peeked at $55 and following this logic the BTC price should had been £500k
eight years ago.

Took years for main stream to trust digital coins, that trust has been destroyed completely for short term
miner greed and unfortunately BTC has dragged other coins  down instead of upwards like in the past and ETH
had a scaling problem but the miners acted sensible and didn't hike up fees to deal with it.

Any currency used for the exchange of good needs a stable price and the days of 1000% p.a returns will be over as
crypto-coins mature so I will look for a phoenix to rise that might for all I know be bound to the physical price of
gold or oil and not just paper oil/gold that's worth nothing to me.

You need to take mining out of the equation because none of the coins that rely on CPU-Wars will last the
course and indeed none of the modern day replacements for Bitcoin are using it.

I have looked at trying to scale node discovery to a billion users (One 7th of the population) and quite
simply I don't think it can be done without using clusters of specialized semi trusted nodes because the
network chatter without this would kill it.

Chaos just won't scale and we are forced to accept a degree of semi-centralization but that does not mean
we have to jump into bed with Bill Gates or the bankers but yes we do need to rely on data warehousing
which is what we have already with the bit-coin farms so it's not such a big deal really.

Bit-Torrent works and if they take down one torrent server then others just take it's place so it's not really
centralized in my book, more just specialized and that's something I can live with.

Strange since it is me that keeps giving out the url here for the lightning network white paper
so maybe you missed it https://lightning.network/lightning-network-paper.pdf and I also keep
giving out the url for the current LN map https://lnmainnet.gaben.win/

You sound a little confused to me, trolls today are ten a penny and your in the wrong forum
if you are looking for one of them signature troll campaigns to sign up with Mr "yahoo62278 CAMPAIGN MANAGER"

Yes and I am in 100% agreement with these words before the thugs get sent in as usual to protect the other members of the congregation
and maybe it's time to see some good faith coming from the miners who thought they could rip us off for transactions fees and let them
provide lightning free of charge until a real fix by the development team is put in place to make on-block transactions scale.

We did not change the rules and forget about the excuse of China, Korea or Putin, it was fees that crashed Bitcoin price, plot it on a
graph to get a prognosis of what went wrong.

Bitcoin new lightning network hubs are mini centralized banks by anyone definition since they charge both transaction fees
and interest on BTC needed to keep the channels open

Look, read the white paper for yourself https://lightning.network/lightning-network-paper.pdf
or watch this https://www.youtube.com/watch?v=UYHFrf5ci_g

Your talking FUD mate, not education and if block-chain is so cool then how come lightning
is all "off-block" since your so educated yourself right 

Was you that guy that was saying "Buy on the dip" when BTC was last at $18k or was it someone else because we sure
have a lot of them around here so maybe we are seeing one of them "Signature Campaigns" being used on home turf
after fake-book kicked the paid troll out.

I trust maths myself and if you plot on a graph the price from when miners were allowed by the
dis-functional development team here increase fees to $55 per transaction then you will see what
killed bit coin and it's not cheap talk coming out of China or Korea but fees.

Throw in the Bitcoin lightning network has been uncovered as being nothing more than a scam because
the hubs are mini-banks and you should had been moving towards the door month ago.

Bitcoin is dyeing of a self inflicted wound and most none addicted gamblers have already left the
casino, the smell got too much and now we are seeing another increase in ransom-ware like
WanaCry viruses being used again so tell me, can you guess who's doing it  

Me is not negative, me is positive and got out at $18k after seeing fees hit $55 per
transaction and knew all trust in the development team was lost and walked off with
a nice positive sum.

Fees and the lightning network with it's banking hubs has killed bit-coin and keep
trying to blame China, Korean or Putin is not fooling anyone with there eyes open
and it's about as realistic as the so called Russian chemical attack on the UK.

Mummy i was going to be rich but Putin fixed it so can i have my pocket money please mum.