Bitcoin is not suitable for micro transactions. This is all. Nothing new here, it was pretty obvious from the very beginning that all those dusters are allowed to shit into blockchain only until there are not enough more serious transactions to fill the blocks.
If you want to spam blockchain, patch the client or use another one and hope that miners will be amenable to serve you for free.
As value goes up, the the micro's are not micro's any more, but perhaps the Bitcoin protocol canot handle mass adoption then? is this an admission? |
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I think China also see's that crypto's can be used as a strategic soft projection weapon. Pretty hard to employ your armed forced when your USD is worthless
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does anyone have the formula that relates the variables
blocks(t), payout/block(t), difficulty, blockpayout1/2(t), time, coin supply at (t)
thanks
Anyone??? |
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Not all Chinese are that stupid. OP spoke like we will support a crap altcoin simply because it has got "CHN" in its name, no we won't.
your right of course, but there are so many Chinese, that only a very small % are needed, also, has asort of gambling angle to it, and whoever did the CNC coin has themselves about 100K to 1 Million USD by now |
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does anyone have the formula that relates the variables
blocks(t), payout/block(t), difficulty, blockpayout1/2(t), time, coin supply at (t)
thanks
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The alts are a siphon to get BTC's out of early BTC adopters, and it is working. They force BTC's out just in case the Alt becomes the main game
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I'll try  Guys, Trying to catch up with you all at the State Library if you are around I've walked around, no one knows about you nor can I see your mugs in the crowd here at the Lounge or the Coffee shop Bugger Please PM me else I guess I'll try again another time I will call you...I was looking out for people did you go into the coffee shop? |
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Sorry guys - just too little sleep lately
my boy woke me up at 1pm - I missed the meeutp bigtime :/
I will be unavailable for a few weeks from 30 May
Would anyone be up for a meet on 26 May?
Might as well start at the coffee shop - and I will wear my Bitcoin t-shirt again (makes it easier to fund us)
Thoughts?
Its ok you have been really busy....!!! ....26th hmm, let me check my calendar! |
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I just want to point out that Google is banned from China for allowing them to search anything.
You guys honestly believe their government will allow them to trade currency under the table tax free.
Hrmm.
what, you have never heard of baidu?  thats CNY google...China doesn't give a FTC about google, nor do they need it.....its amazing how out of touch the west is |
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I don't know what this means.
Seconded... is this about alt coins? Yes. Should be moved to alt currencies or trash. It is just pump and dump trash straight from the BTC-E trollbox. you speak of what you know not...this is a seminal event and has large implications for BTC/CC I heard that the chinese here are not happy with CNC and some called it a disgrace for china's first coin. But i don't speak chinese so i can't verify it. Its put CC's on the map in China....and so it begins No, the TV Documentation on cctv brought CC's on the map. well that as well....! |
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I don't know what this means.
Seconded... is this about alt coins? Yes. Should be moved to alt currencies or trash. It is just pump and dump trash straight from the BTC-E trollbox. you speak of what you know not...this is a seminal event and has large implications for BTC/CC I heard that the chinese here are not happy with CNC and some called it a disgrace for china's first coin. But i don't speak chinese so i can't verify it. Its put CC's on the map in China....and so it begins |
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I don't know what this means.
Seconded... is this about alt coins? Yes. Should be moved to alt currencies or trash. It is just pump and dump trash straight from the BTC-E trollbox. you speak of what you know not...this is a seminal event and has large implications for BTC/CC |
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I think this is a reference to the media play bitcoin is getting in China right now, and the claim is that Chinese people are going to mass adopt (zerg rush?) bitcoin and push the price up a lot.
no the CNC [China Coin] |
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I don't know what this means.
some % of over billion Chinese are likely to do the biggest speculative bubble yet and in the process suck out alot of BTC and LTC eg 400 Millcoins at 0.003 BTC after 3 days, and its just starting Zerg Protoss Terran, StarCraft references google zerg rush Gen Pop is btctalk general discussion inmates on the bright side you will probably see are real exchange come out of all of this and lots of buyable goods and services, though in CNC |
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Just thought I'd let gen-pop know....
China is waking up to Crypto's
we may even see a real exchange, and usage out of this
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CNC Pluck's FTC?
On Bter, has been to 0.004 already and now at 0.003
interesting times
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That is internal biz of that foundation. Perhaps it was a bad idea to pay someone loads of money for membership of an exclusive club if two members of club suing each other is the end of it.
I for once do not have any regrets ignoring this "foundation" from the get go.
sorta gone beyond internal, with public law suits and statements |
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Opencoin is pretty rich right now then huh?
yes this appears to have helped them!!!! and XRP price Probably just opencoin pumping the value of XRP so they can dump some of there, 50 billion? 100 billion.... |
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