Bitcoin never dies, Nothing ever dies, until it is dead. |
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He is a vulgar fucking control freak and needed to be banned. I hope it is forever. Being a vulgar control freak should not prohibit him from using the forums. Should we ban all the vulgar users from Bitcointalk? I didnt' say he is a 'vulgar control freak' - I said he is a 'vulgar fucking control freak'. About the part of banning vulgar users, I guess you have a point there. |
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You are one of these Roger Ver shills, whose job is to constantly complain about high prices in every possible manner to justify the destruction of network decentralization by implementing an excessive big block scheme.
You are clearly an idiot. I have nothing at all to do with Roger Ver and know very little about him. "destruction of network decentralization" - this is the biggest lie since Hilary Clinton stop speaking. 4MB blocks do not upset decentralization. What really fucks up decentralization is Blockstream and Maxwell maintaining control by convincing a few weak but large miners in China to go with him. If the Chinese had balls and didn't fear walking away from Blockstream, we'd have far better decentralization. |
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He is a vulgar fucking control freak and needed to be banned. I hope it is forever. |
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I think even at a 6-8% premium these Bitcoin ATMs will still get customers. The reason is convenience: It's very easy to obtain Bitcoin and it's immediate. When judging about high fees, you should take into consideration the following points:
1) exchange rate risk - Bitcoin has high volatility
2) development cost - this new type of ATM had to be designed
3) installation cost vs. usage - Bitcoin is still a niche market
4) lack of alternatives - there are just very few Bitcoin ATMs out there
It's simple as that: the premium will come down, once demand and competition increases. Until then, buying 1 Bitcoin for $826 today is still better than not buying 1 Bitcoin and regret it 2 years later.
ya.ya.yo!
wtf? Are you just kidding? 1) there is no exchange rate risk. The transaction happens at one moment in time and there is a corresponding spot rate for that moment, every moment. Exchange rate risk occurs when you change currency, hold for a discrete period, sell currency. Coinsource holds a bank of two currencies simultaneously - they don't liquidate back to fiat after every sale. 2) development cost is irrelevant to the customer. The customer is only concerned with the price value of the single transaction. If CoinSource can't push out development costs to be recovered on future profits, rather than recover those from users in the short term, the price will be far too high for the service and no consumer will use the service. 3) No matter how niche, the consumer only cares about cost value of his transaction - not about supporting a small community with very high prices. 4) true. Not too many out there. Only 23 in my city. But there will be zero soon because nobody will knowingly pay $56 to get 1 bitcoin. yayayo - you might be some kind of dumbass, or just screwing around. |
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I don't care how dumb you are, you won't be using CoinSource ATMs. When using an ATM, it is OK to pay a fee. We expect it. No problem. When not at my bank, I have to pay a high fee - sometimes $5. In the most outrageous circumstance like when out of the country next to a remote village in Africa - $8 - $10. Stupid fucking banks - they rob you.
Now if you'd really like to get fucked, just try to use a CoinSource ATM. They sell at $826 / bitcoin today when the spot price is $770!!! That is a $56 loss on the purchase of 1 BTC.
Who the fuck would do that?
I'll bet the board meeting at CoinSource is hilarious. "Well pres, we expected volume to be a little higher. We didn't think our machines would just sit there all day with nobody using them." Let me tell you CoinSource, nobody is going to use those machines which are no more than a bad joke. $56 fee for one BTC? No thanks.
Flat fee of $10 is OK. $56 is just a total fucking joke. CoinSource will surely be bankrupt soon. Their volume must be insanely low. People walk up to the machine, want to buy\sell bitcoin - and leave because it is just a scam.
Ain't nobody got time for dat!
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Simply put SegWit will make it possible to Steal BTC Value to use in LN Alternative Payment System using BTC IOUs .
Miners will lose money because LN can decrease the number of OnChain Transactions.
(In Theory : Using advanced features LN may even allow only certain miners to process the transaction Fees when Onchain BTC Transactions are required.)
The only thing LN does is limit fees for miners and give those fees to owners of Lightning Network (Blockstream) |
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So Bitcoin companies are no different.
Except that they are all broke with over $1B of VC money spilt to date. |
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Maybe blockstream is too much involved in this, maybe its not pure intentions but we have no choice now.
It's the morons that always roll-over and take it up the ass. I'd rather fight it. |
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It does go against the main purpose. It is an alt. A bad alt.
No, it is not an altcoin. Stop spreading FUD. It is a radical change and unproven. It doesn't work (as a scaling solution).
It has been proven and it works (at least on Bitcoin Testnet). It will provide around 2-2.1x capacity based on the current usage patterns.
It is so sad to see either misinformed people continuing to spread lies, or users *sponsored by unknown actors* continuing to spread FUD and dissent. Here's a better view on the issue: Did someone pay you to promote SegWit & LN? Just Curious.  Of course. He is just another one of the Blockstream army of idiots trying to takeover the protocol. |
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It does go against the main purpose. It is an alt. A bad alt.
No, it is not an altcoin. Stop spreading FUD. Yes, it is an altcoin. I don't understand how you can argue that it is not. Litecoin is more like Bitcoin than SegWit. It is clearly an altcoin. Your shit is the FUD |
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What then are the companies that are making money? There are no bitcoin companies making money. Some are being run at break even - barely. and only because they can fire almost everyone and get down their burn rate. The network is stalled. There is no real traffic. No merchant traffic. No end user traffic. Bitcoin has moved to become a settlement only network just like Blockstream intended. |
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I agree to this, as long as it does not go against the main purpose why bitcoin is created, I think it must be pushed.
It does go against the main purpose. It is an alt. A bad alt. It is a radical change and unproven. It doesn't work (as a scaling solution). Post your vote now. Even if you are not a miner, let the community know you are against. |
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Bitcoin is dead when I can buy 10000 for one dollar.
Until then, its alive and kicking.
Relax. Give it a few more months. Soon you'll get your 10000 for one dollar. |
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I don't know what Chinese are trying to prove. Why god had hired such enormous power to them. Even all Multinational companies had there branch in china and they are ruling bitcoin world also.
it proves that Chinese are the most intelligent business minded and hard worker people of the world there economy is really dominating the world and they are going to rule all over the world in future, their economy is really developing and increasing rapidly. No, they aren't. Japanese are the ones who are hard working and have the best minds amongst the ones in the world. Chinese are just looking for a World War with other countries, I hate them because they too join their hands with terrorists and aerate terrorism in the world. Last time we had a world war, it was the Japs behind it. Funny that you put that on the Chinese today. |
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And I think most folks, which would include myself, prefer to get tipped in dogecoin. You don't hafta deal wit fractions, you get whole coins. That's a psychology thing I do realize, but it's true.
This don't surprise me none. People with crypto jist don't want to part with it, and especially not to the retarded population that is Reddit. How many people you know on this forum take the time to send bitcoin to someone's address jist because they liked a post? Absolutely none I'd bet I have to disagree with that Once upon a time, namely, just a few weeks after my registration on the forum, some forum member had tipped me for explaining to him in simple language why deflation (i.e. appreciation of money) is worse for the economy than mild inflation in the long term. It was dust of course (something like 1 mBTC or even less than that), but it was exactly that and it was exactly me! All microtransaction applications are dead. The new bitcoin 'swipe fees' of $.20 are murder on most applications that are not settlement applications. Blockstream wants Bitcoin as a settlement only scheme. This way, they can charge you to use their "Lightning Bullshit" Blockstream business model: Step 1: cripple network
Step 2: sell the people a fix.
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Bitcoin is not even close to dying .well to be honest bitcoin has died 100 times and rose up again 100 times .it fluctuates a lot .and bitcoins would end up nearly in 2109 .so dont worry .enjoy bitcoining .kudoos  Blockstream fucked it up. 30MB mempool, $.20 fees, no throughput at all. Crushed all microtransaction applications. It is ruined now. All because Core wants to shift people into their private Lightning bullshit. How did they let this get away from them. Blockstream and about 6 miners - decentralization, yeah right. |
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In addition, Segwit is a pre-requisite to Lightning channels, which will do more than any other improvement can to scale transaction rate. 8MB will be a long way off once the protocol for Lightning is ready.
The protocol for Lightning is a scam, owned by scammers who took over bitcoin. SegWit was crammed down our throat so they could get Lightning working and it does nothing appreciable for actually improving Tx bandwidth. Bitcoin is hijacked by Blockstream so they can own blockchain access via their bullshit 'Lightning'. Everyone can see it. The protest will become quite a bit louder the day they announce the fees. But then it will be far too late. |
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If we go to 8 mb blocks, wouldn't the size of the blockchain .dat file increase with 400%?
That would mean over 200gb for downloading the blockchain, which is prety asburd. Then more people will use online wallets that are less secure.
200GB is nothing. Super fucking tiny. The total size of the chain isn't at all important. You only download it once. You can buy 10 terabyte for very cheap. So, 200GB is laughably small. The real issue is passing 8MB around to all the nodes every ten minutes. Some effects occur there. No big deal. Internet is freaking fast and getting freaking faster. Netflix bandwidth load is >>>>>>> than bitcoin with 8MB. If we want people to be able to run a node behind a 1200 baud modem, then 8MB is problematic. If we abandon those having 1200 baud and less, then the only reason to keep 1MB is to drive need for Blockstream's bullshit solutions. 8MB blocks are very lightweight for nearly all modern systems. |
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