I think it's very clear that he's referring to coinbase service and not bitcoin as a whole. A person at his position and knowledge would rarely make that kind of mistake.
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If transactions get delayed and there's a pile of backlog I'm not sure why anybody wants to use it in the first place for making payments. Whether it's an online or even retail business nobody is going to sit there and wait. It's the frustration that will kill you. Yeah, it will survive alright but will the reputation survive to bring the coin in to next level of acceptance??
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Because bitcoin needs to prepare and anticipate for the future. There's really nothing to hide at all. If we are just complacent and decides to accept way things are, imagine what would happen when it comes to real situation. People are still with the mentality if it ain't broken don't fix it but the fact it's clear whether we want to aceept it or not.
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Same like yourself. My projection was always positive until lately after seeing that the price seems to be having difficulty breaching the 300 level. So It's highly possible but i don't think it will stay there for long. There are already a lot of buy orders waiting at sub 200.
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If one bitcoin ever reaches 1 usd per coin, then something must be really wrong. Either someone found a way to exploit and generate free coins out of thin air or the whole blockchain is in a mess or some other things never thought of. When that happens i would think twice even it was offered to me for free.
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If nobody is buying the new coins off the market eventually people will start to reduce the price in order to conclude the sale. Plus you also have people holding onto the coins decided to sell it off. It's the supply and demand factor here that determines the price.
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I don't think we'll ever need them at all unless they can take the deposit to find some ways to generate profit and give us back something in return. Banks need a way to manipulate the orderbook and since they can't change the blockchain, i don't think bitcoin will be if any interest to them.
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As long as you know when to call it a stop. Most important you know what you are doing. But most of the time it's not the case as emotions tend to take over and that is where you go deeper and deeper. So it is wrong? I don't think so because you are the one to make the call.
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I don't think they are keen with experimenting with bitcoin integration in the first place. They are more interested in the blickchain technology and how they can implement with their own version of coins which they have full control over.
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But why do we want to impose restrictions upon ourselves to live and adjust to suit the limitations of the systems? Isn't that counterproductive when we can actually turn it the other way round to make the systems convenient for us to use? In effect we are actually asking people to go back to fiat money.
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I don't think he knows the exact identity of satoshi. If he does wouldn't you think that he will be threatened in the sense that secret agents might find a way to extract and get the information from him? Not sure if he still maintains contact with satoshi but definitely they have communicated and worked closely in the past.
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No. Definitely not putting high hope though. Currently looking into options to diversify it. I think looking closely at the price movements these past few months it's quite clear where we should expect it to be.
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Well you are not the only person. Despite being so confident in the past and then doing all the best that I can to promote it, somehow I feel it might be a wrong decision after all. Even though there is a glimmer of hope that one day the price will take off and adoption becomes widespread I would rather leave it to the individuals to find out themselves. Better than telling something from my gut feeling that eventually turns out to be wrong
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Just wondering what makes this coin so special in terms of coding compared to the other pos coins? Isn't this a splinter from the previous novacoin? I'm pondering on the idea to diversify my btc holdings so until i find a good reason for it, I'm going to hold my decision. Still looking at other options though.
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At its current state and direction it is heading? I don't think so. Unless the block size debate is resolved once and for all and this issue is put to rest, I don't think it will replace dollar anytime soon. People need confidence, that they can see the coin is reliable and the reputation is very important. I don't think we are progressing on that part.
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If the guys who did the wrong transferring sends a note asking for a refund providing a valid reason, of course I will gladly return the amount. No reward is needed unless the guys voluntary sends one. Put myself in his shoe, I can understand the state of frustration he is going through.
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The most damaging aspect is how the rest of the people not within the circle of community, on what they would think and will view bitcoin. They will see it as something not reliable and with uncertainty surrounding it, nobody is going to put in more money. Surely they are not going to take that kind of risk on investment.
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I don't understand what are they trying to prove by conducting the test? To convince people to accept the fact that the larger block size is indeed needed? I thought that was shown clearly the last time. Apart from that, it doesn't serve any purpose and will just end up a plain act of sabotage that brings nothing but inconveniences to everyone.
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While it's good maintaining at low level to give people chance to enter and join bitcoin, how long do we want it to remain low? It should at least shift further upward to give people that level of confidence. With the way it's been going up and down, and generally with this pattern, people will start to see it as an unreliable investment option.
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In one part, yes, it leads to human greed that they see bitcoin one day will rise insanely in a value and thus encourage people to hoard rather than spend it. Since the deflationary is built-in, I don't think there's anything we can do to change it. We certainly can't change human behavior as well. However as the bitcoin infrastructure begins to develop and having more shops starting to accept the coin, this will also pull way from the norm and get people to spend.
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