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I don't agree with OP. First, Mike Hearn's blog post is completely true no matter how bad it sounds for Bitcoin community, and it's even still true if banksters paid him. Secondly, your triangle is connected to the right, and what then? TA is nonsense. Only functions as a self-fulfilling prophecy on big markets.
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It seems you can't click anywhere on the Web today without a "Bitcoin Has Failed" article quoting Mike Hearn.
First of all, Bitcoin is not the VISA Payments System. It will never process millions of transactions per second on Black Friday while simultaneously juggling chainsaws and making love to your best friend's wife. That's not what it was designed to do. The fact that it lacks the capacity to do this isn't a bug.
The megabyte block size limit is an important parameter of the Bitcoin protocol, and the unintended consequences of changing it need to be more carefully considered. That a couple of developers, who shall remain nameless, went off and did their own version, designed to fight with Bitcoin Core for ownership of the blockchain, was the height of foolishness. Of course, no one should run their code.
If there is no consensus on bumping the block size, and it remains at a megabyte forever, Bitcoin will be fine. Transaction space in blocks is a finite resource for which we charge fees. As those fees rise, Bitcoin will slowly and seamlessly transition to a model where tiny transactions are handled by exchanges such as Coinbase, and transaction space in blocks is used primarily for settlement between exchanges and parties making larger trades. This will happen so slowly, you'll barely notice it.
It is the height of hubris for the former developers, having failed to impose their vision of the code on the rest of us, to run around telling the press "Bitcoin Has Failed." They have failed. Bitcoin is fine.
Like most things in the P2P world, Bitcoin will last as long as at least two people are running a client, and it does something useful. ed2k hasn't gone away, and will probably be here forever, along with Bitcoin.
Huge minus man, you're blinded. |
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+1, many times I ask myself is there any economy here & there. This is example where someone just doesn't care I think. Still I must observe that claiming IOTA's was not that much properly explained to crew. There was no email saying hey you can claim your IOTA's here, from now on... It was only mentioned when purchasing them....
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For price to move sideways around ~360 is plausible, but it will take months to reach >460 and only if Bitcoin classic wins the battle.
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Wtf, someone's deleting all pro-Mike posts here? If you ask me, he is completely right. Bitcoin is going nowhere with small blocks and RBF.
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Thank stupid miners and small-blockers for this crash. God knows what's the bottom but it can be even in low 200s. Mike Hearn did the right thing. It's wake up call for miners or else Bitcoin will die and get replaced by Ethereum probably.
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TA is nice but not much applicable to erratic price movement of Bitcoin. What we have here are bad fundamentals. Bitcoin is not ready for mainstream, big-time adoption until scalability is resolved. I expect 350-400 range soon.
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It was just a friendly short-term advise for newbies. Of course I believe in Bitcoin mid-to-long term.....
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I would wait for solution before investing in Bitcoin until scalability issue is not resolved. I'm out, if this prolongs, we will soon see 300's....  |
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no, high percentage of sheeple around.
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I would agree, but you carefully need to pick right one among plenty of crap. Right now, Bitshares is dirt cheap compared to what it offers, and it was falling for too long. Also, Neoscoin seems like it's dead, but actually it's not, small development effort & hype, and there it goes 10x...
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Please share your views about upcoming days.
Until scalability is resolved I expect even ~320 USD lows. When it is resolved there's going to be strong shoot-up to at least 1000 USD. |
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I don't think bitcoins have a good futur. Not much people use them and there is no real use for these people. The problem is that the people that doesn't use it is the majority of the planet. And you, what do you think about this? Will bitcoins have a glorious future or a realy bad one?
More wages paid in Bitcoins is what we really need. It's the only way for mainstream adoption. In other case, Bitcoin can become only a good store of value. |
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What an absolute Knob, who told you this David Icke?  ? FTFY |
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Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.
The bitcoin price will skyrocket to over $10,000. However bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.
The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.
Plausible. |
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I'd say $1500-$2000.  +1 |
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Anyone managed to execute / compile / install cgminer on FreeBSD 10.2?
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Any exchanges which announced IOTA token support after launch?
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No one here mentions Blockstream and Lightning network???!!! That's the reason.
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