OMIGOD. Why wasn't I informed of this? I want Blockstream on the line right now for me refund. "There is general agreement in the Bitcoin community that the system must remain decentralized to prevent the possibility of any company or government controlling the currency." So we decentralize by putting three quarters of our mines in one government's jurisdiction? Why am I the only one apparently concerned by this? Everybody cool with Chinese government's hand on the kill switch? ... at which point a HF does become necessary and a new POW algorithm will be adopted, something more centralising-resistant. |
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adam turns bullish ... phone rings, coincidence?!
monkey goes all in ... minor fee event on the network, coincidence?!
deutsche bank poops its shorts ... bitcoin goes up, coincidence?!
Larry Summers gets killed with cash ... noone shall trade without the mark of the beast, coincidence?!
these are the signs of the blockopocalypse
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...
P.S... Everyone should ignore the user "bargainbin" , look at his post history and you can see he constantly wastes people time by asking the same questions over and over, and trolls to create dissent. He/She isn't genuine and intends to do our ecosystem harm.
The question has never been answered, that's why it's being asked again and again. Clearly Cconvert2G36 had *exactly the same questions*, which you *again* failed to answer. But great job playing the tinfoil hat "intends to do our ecosystem harm." What question? Ask your question plainly. Better still once he has done this they can search out the answer and add it to one of the many community FAQ or bitcoin wikis that are out there to help others and put a stop to the constant stream of misunderstanding. Quietly working away to improve the lot of everybody and find out if there really are problems that need fixing and recording them selflessly for others to improve their knowledge or loudly asking non-questions repeatedly intending to distract and misinform, you choose. |
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Wow. The explosion of puss, poison, and vitriol seems to suggest some kind of boil has been lanced.
Crassic has failed, what's next now on the maximally FUD bitcoin agenda I wonder?
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Always dragging it back in the kiddie-porn FUD and accusations ... hater shills must have in their contracts to get paid extra bonuses if they can weave kiddie-porn FUD into a bitcoin forum conversation.
Instigating a divisive food fight is probably a bonus point too. Reputation shredding, disassembling, deflection, spamming all seem to work well also.
Edit: I don't know anyone that talks as much about kiddie porn as government agents, I wonder why that is?
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Ok truce.
Now if all the big block governance coup lusers can stop posting their ill-informed drivel about technical matters and development ... then they can get back to work on communications, lobbying politicos, PR junkets, associated marketing hype and those other things they are good at to push bitcoin favourably would be good.
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No he's insulting Bitcoin and advocating GavinCoin GavinCoin WTF is that, Gavin is the longest standing developer he's taking heat for personal attacks, the only questionable thing hes done is visit the CIA and the CFR, and that was to tell them how bitcoin worked. You just need to look at what he's produced to know he's pro bitcoin. GavinCoin means squat, try looking for facts! He's trying to make Bitcoin inflationary. He's a socialist. He's an enemy of Bitcoin. GavinCoin is a fork of Bitcoin that increases the block size or the coin supply. I must admit admiring the relative success of Generalissimo Trollfi's latest machinations. It was obvious honey badger would never give a shit about Buttcoin. But it was not obvious how best to adopt camouflage and infiltrate the Bitcoin community, until Frap.doc and the Gavinistas provided the perfect opportunity. The tiny band of hard forking malcontents needed their numbers increased by Buttcoiner muscle, and the Buttcoiners needed entry into the legitimate ecosystem. It was a match made in heaven; Frap.doc and Trollfi have been BFFs ever since. Quite the adorable Maximalist/Denialist odd couple, they are.  Crassic jalopy is a broad church ... full of muppets, people, all sorts.  |
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I see all the trolls and paid shills are back working hard on Monday ... wonder how long until their Crassic contracts run out?
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if you know how much power the network is consuming (about a gigawatt or 1 million kilowatts)
and you know how much power costs ($0.10/kWh)
and you now how many transactions are being processed (~4TPS)
We can figure out how much each transaction really costs unsubsidized by speculators.
@ $0.10/kWh X (1,000,000 kilowatts)= $100,000/hr
4 transactions/sec X (3600seconds/hr) = 14,400 transactions/hr
$100,000/14400 transactions = $6.94 PER TRANSACTION
Feel free to check my math, but that's about how efficient the bitcoin network is currently at maximum capacity. If there are fewer transactions, it is even less efficient. Security and decentralization are very important factors, but this is not competitive with ACH and SWIFT, or even credit cards. The way to increase efficiency is by massively increasing the number of transactions while keeping the total power costs almost the same.
THAT is why we want to lift the blocksize limit. We have a very very expensive, inefficient network. Security is great, but too much armor on your armored truck will limit it's cargo capacity.
BJA tend to be a dick, but sometimes bring us quality posts as that one. Nice analisys except that it is wrong .. so he is a dick and he is incorrect. Bitcoin secures other chains through merged-mining already so the number of transactions "that bitcoin is securing" he uses is wrong ... also he hasn't accounted for the fact that the mining reward should be partially amortised over the total transactional life of each bitcoin, the cost of "digging the bitcoin up" is a one time deal but it contributes to the security for the many hundreds or thousands of transactions for the total monetary lifetime of a coin. |
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Meh dont mind this adrianx cypherdoc fanboy, he is clueless.
what you doing here mr x? papa peter r got a lollipop for you in that cicrlejerking forum of yours.
I'm just here to see who pipes up to cry fowl when I dump. ;-) you don't seem too concerned about bitcoin anymore now that Monero's doing well. you're here because Crassic has failed and the level of self-delusion in bitco.in has gotten too thick to see anything clearly ... I'm afraid it's not much better here the level of troll and shit-posting Crassic has created is a great credit to Gavin ... the bitcoin haters must be having a field day on the back of his "stepping back from development" community dividing efforts ... at least he could have done the admirable thing and flounced off in a drama queen ragequit like his mate Hearn and left us in peace. |
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What's going on guize?
This thread could use some train and moon pics
you guise beat it out of them during the bear market ... gonna be a while before moon train days come back, now we just get disaffected sold-out bulls (BJA) and sundry haters and trolls. |
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There are a lot of believers of bitcoins who want to bitcoin for their rest of life. They are trying to spread it to each corner of the world so that to make it the global digital currency. As long as people love bitcoins, it will survive. No one can stop it from staying with us.
I am one of those believers. I want to talk to my friends and relatives about bitcoin. Most of the time, it is not well received. Same here. I've been trying to convince my friends who invest in the stock market about bitcoins but they say that stock market shares have a real value and are legal but bitcoins aren't yet legal and they might fall in trouble if they invest. They also say that banks would close their account. I've no reason to give them to invest now and hence to some extent these articles and statements seem true. This is because the Western public is largely docile and too trusting of government and authorities, though that is changing slowly now, see Greece for example. In China and India (now Argentina and Venezuela lesser so) they have long histories of being sceptical and distrustful of communist authoritarian rulers messing around with their money and financial freedom so they grok bitcoin much more readily. Also they maybe more techncial savvy when it means saving themselves financially. The Western public mainstream is largely slow and trusting though there are pockets that are sharp and cynical of authority and do not listen to corrupt criminals like Dimon and his henchmen, or cower in fear when some pencil-neck official warns against exercising your right to monetary freedom. |
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It's a 150 coin short now. Tomorrow it mat be substantially bigger.
I'm not sure who you think you're talking to, but that's not impressive in the least.  |
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Hmm, Classic has almost hit XT's all-time high for nodes according to coin dance. Almost. Maybe one day it'll even mine a block. just remember the bitcoin-core nodes category is filled with all nodes 0.8-0.12 .. so if you actually count just the 0.11.2 and 0.12 as voting for 1mb.. and leave the rest as undecided.. you would get a fairer grasp of the reality 0.12 hasn't been released yet. When it does come out it is faaast and smooth, anybody still running crassic would be masochistic to persevere. |
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, there's genuine interest in ETH and the potential is real, everybody wants to get it cheap
THIS srry ... time to rotate into btc |
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A nice warm flood of tripe doesn't even sound that bad, really.
Anybody got a copy of the playbook?
what you lost yours already? ... even the goons don't care about their jobs anymore. |
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ether is for huffing and farting ... who in their right mind is going to 'invest' in something called "ether" virtual currency??
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Still moon. buy.  interesting to wandererfromthenorth turn so bullish, pleasant but interesting ... could this be "THE" one? |
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UPDATE: I now have a 80 coin short in. Want to make it 160? 320? keep pumping, cripplecoiners.
will someone censor this idiot soon please? he's endangering others. |
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