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3401  Bitcoin / Press / Re: [2017-03-08] Bitcoin's Fee Market Kicks in with Weird Consequences on: March 08, 2017, 08:45:12 PM
you can buy faster confirmations with credit cards

Moron alert

That's precisely what one can't do with a credit card, the merchant pays the fee, and the fee is completely flat. There is no way to make funds clear either quicker or slower with fiat payment cards, and certainly not with an adjustable fee
3402  Bitcoin / Press / Re: [2017-03-08] Texas Lawmaker: No Government Shall Prohibit Bitcoin on: March 08, 2017, 08:42:10 PM
This is simply Texas state legislators stroking their own egos. What they do is irrelevant, stopping Bitcoin with law is next to impossible, and so the arrogant government big-heads have to make out like it's their special words written on special paper that's preventing them from controlling Bitcoin.

Newsflash: technology isn't just removing manual labour from the workforce these days, we can get technology to do the governing too. When will these jumped-up clowns finally understand that they're neither wanted nor needed?
3403  Bitcoin / Bitcoin Discussion / Re: Fiverr.com forced to remove BTC as a payment option due to high fees on: March 08, 2017, 06:22:38 PM
bitcoin 0.13 minrelay fee 0.00001000    ($0.0125c)
bitcoin 0.14 minrelay fee 0.00005000    ($0.06c)


and that is just to allow it to be relayed by other nodes, before even getting to the 'average fee' of the 'auction' bidding fee war of fighting for next in line..

goodbye third world countries wanting to be paid for an hours labour

with the fiat valuation increase of the last couple years you would have thought they would have dropped the minimum relay fee, not increase it.
seems all they care about is using economics to out price spam. and not actual code rules to reduce spam.

Mmm, cores attempt at strangle holding the market is not welcome news, and I find myself losing confidence in them faster by the day.

Increasing the relay minimum to 0.00005 should actually help the average fees.


0.00005 (5,000 satoshis) is much less than the average fee right now, and that means all low-fee spammy transactions will have to up their spammy fees to continue the spam effect.


You know what I'm losing confidence in, Dwarf? Your math and logic
3404  Bitcoin / Bitcoin Discussion / Re: Will North Korea introduce bitcoin as a settlement unit in their int'l trade? on: March 08, 2017, 06:14:52 PM
You've obviously missed the latest leak by Wikileaks? Otherwise you should have been aware that what you use is a CIA sanctioned OS! Why do you think North Korean government is far behind the leading democracy in that respect? lol

You have zero clue which OS I use. You have zero clue about the real purpose of Wikileaks, they're not your friends you total idiot
3405  Bitcoin / Bitcoin Discussion / Re: Will North Korea introduce bitcoin as a settlement unit in their int'l trade? on: March 08, 2017, 05:11:29 PM
No-one is going to be interested in North Korea using Bitcoin to settle trade, not least the North Koreans, not least because Western/external computer operating systems are banned in any case

wut?!
Bitcoin clients can work only on Western/external computer operating systems?

Is that your way of volunteering to port the Bitcoin source code to the North Korean state sanctioned OS? Didn't think so Cheesy
3406  Bitcoin / Press / Re: [2017-03-07] CoinIdol to Hold Public Trial of Scammers Who Stole $10 mln in BTC on: March 08, 2017, 05:06:02 PM
Wikileaks / Water projects etc.. etc...  Wink

Corrupt and malign, both of them.

Water projects are typically about corporations owning the water supply subsequent to the project's completion, very few of these projects are genuinely altruistic. Favour for a favour.


Wikileaks? I'm amazed anyone trusts Wikileak's intentions when you consider all the manufactured drama surrounding just about every BS public act they're involved in. Plato's Allegory of the Cave is no longer essential reading, apparently.
3407  Bitcoin / Bitcoin Discussion / Re: Will North Korea introduce bitcoin as a settlement unit in their int'l trade? on: March 08, 2017, 03:55:05 PM
Your thread would be much more interesting if it were made about Iran instead, who are also cut off from international trade, and who actually have something to sell, lol.

No-one is going to be interested in North Korea using Bitcoin to settle trade, not least the North Koreans, not least because Western/external computer operating systems are banned in any case
3408  Bitcoin / Press / Re: [2017-03-07] CoinIdol to Hold Public Trial of Scammers Who Stole $10 mln in BTC on: March 08, 2017, 03:50:50 PM
If it's an open vote, how can the alleged scammers be prevented from stacking the "jury" with cronies, all voting to give the money to some Cayman Islands registered charity that gives the money straight back to the alleged crooks?

Sounds more useful as a confidence building exercise/PR campaign for Coinidol.com. Well, maybe it would work if it wasn't such a stupid idea, lol




(Coinidol.com will presumably say "but, but but we'll only accept suggestions of 'reputable' well-known charities", who of course aren't massive vehicles for fraud in their own right Cheesy)
3409  Bitcoin / Bitcoin Discussion / Re: Will North Korea introduce bitcoin as a settlement unit in their int'l trade? on: March 08, 2017, 03:42:08 PM
Not only is the remaining 65% largely the Chinese government also, but one must ask "65% of what total?". Like someone else already said, North Korea don't trade internationally at all much. None of these changes, including using Bitcoin, is going to make much difference.
3410  Bitcoin / Bitcoin Discussion / Re: Will North Korea introduce bitcoin as a settlement unit in their int'l trade? on: March 08, 2017, 03:27:30 PM
Not particularly relevant ATM: China is overwhelmingly the only international trading partner North Korea have, and the PRC government recently reneged on a deal to buy coal from the North Korean government that constitutes a very significant amount of total North Korean international trade.
3411  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core 0.14.0 Released on: March 08, 2017, 03:06:11 PM
Poor Franky1 keeps spewing out his paid daily FUD, seems you dont like this awsome update, you cant say that about BU isnt it? jealous, no?

Franky has never contributed any code to anything, yet mysteriously thinks exactly like a programmer.


In other words, could Franky be a former Bitcoin programmer in a Franky mask, twisted and bitter that the other Bitcoin programmers didn't want him to ruin Bitcoin with destructive "ideas"...... it's not unlikely.

The list of those particular deadbeats is short. I imagine it's not the first time Garzik, Andresen and Hearn (has anyone ever seen Franky in the same room as those 3? Cheesy) have gone 3 ways on a conquest (note how Franky reveals his bizarre fantasies/proclivities about "stroking innocent sheep", likely an actual past-time of the real "men" who run the Franky account Grin)



In essence, the Franky account is, in private, a bunch of neeky man-babies arguing over who gets next turn with their inflatable sex-doll
3412  Bitcoin / Bitcoin Discussion / Re: BU (Bitcoin Unlimited) and ETF Newbie questions on: March 07, 2017, 05:54:01 PM
Labeling alternative implementations that run on the Bitcoin network as "altcoins"  is an intellectually dishonest tactic used by those who want a select few developers to be central planners and decide for the rest of us what Bitcoin is and what it isn't (instead of letting the users and miners decide.)

BU isn't a re-implementation of Bitcoin, it's an attempt to change the rules of Bitcoin, coupled with a social engineering campaign to popularise it, of which jonald fyookball is a protagonist.


Bitcoin's strength is in it's resistance to manipulation. Jonald and the rest of the BU gang are trying to use the only possible method to turn that strength into a weakness, by using carefully worded statements that imply Bitcoin's resistance to manipulation is a weakness.




In other words, the only way they can convince regular users to use BU instead of Bitcoin is by lying about both Bitcoin and BU.

3413  Bitcoin / Bitcoin Discussion / Re: BU (Bitcoin Unlimited) and ETF Newbie questions on: March 07, 2017, 05:05:14 PM
Is BU a new altcoin that just come out recently or is it a upgrade to the existing BTC coin network?

It's a rogue altcoin, pretending to be "what Bitcoin is supposed to be"

If upgrade then what is the differences between the 2 and the disadvantages of upgrading to BU? When will the upgrade happen?

Completely unknown, BU allows nodes to configure all sorts of variables that are supposed to be constants. Depending on how the aggregation of users sets them, a fork could happen at 51%, 25% 75% or anywhere in between

Regarding the recent price bubble bursting is this caused by the EFT info leak or threat from BU or the chinese making a statement or anything else?

You'd have to ask each and every person that sold their BTC in the dip.


Will BU will cause confusion do adopters and Investors who want to buy BTC?

Short answer, yes lol.

Lets say down the line in the future for example in 6 months someone might create SBU (Super Bitcoin Unlimited) and after that someone creates SBUT (Super Bitcoin Unlimited Turbo) and after that someone creates UBHD (Ultimate Bitcoin HD). Then what happens?

Forks left right and center, in essence. Or at least a strong potential for that.
3414  Economy / Speculation / Re: Jihan Wu crashes the Bitcoin price on: March 07, 2017, 01:33:48 PM
Talk is cheap. Prepare to get forked
3415  Economy / Speculation / Re: Jihan Wu crashes the Bitcoin price on: March 07, 2017, 01:22:07 PM
I welcome any other Bitcoin trolls to express quite how badly they are soiling their underwear Smiley
3416  Economy / Speculation / Re: Jihan Wu crashes the Bitcoin price on: March 07, 2017, 01:14:52 PM
Right now nothing can be done as the segwit has gained around 30% support from the miners.

You're wrong

If non-Segwit blocks are not relayed at all, the 30% of miners that do make Segwit activating blocks becomes a larger proportion of the network automatically, as the non-Segwit miners effectively don't exist on the network, because they can't get their blocks on the chain.

Miners will soon either change their minds (some large pools like F2Pool have said they would support Segwit in the future anyway), or be put out of business mining nothing.

Problem solved. Let's do it, IMO
3417  Economy / Speculation / Re: Jihan Wu crashes the Bitcoin price on: March 07, 2017, 12:21:53 PM
Don't cry kiklo Grin

It's time to create the SegWilful client Smiley
3418  Economy / Speculation / Re: Jihan Wu crashes the Bitcoin price on: March 07, 2017, 12:17:22 PM
Note that BU big blockers have started to palpably shit themselves about my suggestion.


I suggest we do it, Jihan Who can go into the paperweight business instead
3419  Economy / Speculation / Re: Jihan Wu crashes the Bitcoin price on: March 07, 2017, 12:13:09 PM
I still don't understand UASF, since the node count can be easily gamed. What else can be done?

Run a custom Bitcoin client that refuses to relay blocks that don't support Segwit.


Not playing with these people, I would be perfectly happy to kill Antminer, Antpool and any others who want to treat the activation mechanism as a political tool.
3420  Bitcoin / Development & Technical Discussion / Re: A Lightning Tx *IS* a bitcoin Tx, and here's why: on: March 07, 2017, 10:22:14 AM
The block reward runs out around the year 2140, and on-chain tx will have plenty of demand despite 2nd layers


Please don't expect to come to the Technical discussion table if you have relatively low comprehension of the Bitcoin system
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