It's not a discussion about the state of the market but exchanges as part of the general system. We need exchanges for Bitcoin to function properly, especially that in most places you can't pay your electricity bills in bitcoin, so mining is impossible without exchanging some of your coins into fiat, which makes exchanges an integral part of bitcoin.

I believe that we need many exchanges to have a choice. There's no free market without choices and competition and this is what we are trying to build here.

I've also been steering away from it since they were exposed for lying about USDt 1:1 backing. Once a liar always a liar. Of course, I'm not saying that you should avoid bitfinex. You can still use it and it's a rather fast and reliable exchange, but try not to hold money there. This is a rule for all exchanges but when one is caught lying the rule gains on importance.

A communist calls other people antihuman and claims that communists are humanists. The world is turning upside down.

I'd like to remind you that no communist government has managed to survive or even come to power without executing people, starting with the Bolsheviks and ending with the Kims of North Korea. Bolsheviks were cutting people's throats with sickles, Stalinists were shooting people in the back of the head or poisoning them, Che Guevara personally executed people, including women, Kim Dzong Un is feeding people to starving packs of dogs, even his own family members... Such humanism, such love for live and mutual friendship. There's no bigger humanist than a communist!

The more I read your posts the more I'm certain that you are writing this on drugs.

I had the same problem. With 100 Mb/s I needed about 3 or 4 days to download the blockchain with my qt client and syncing was taking at least 10 minutes if I remembered to start it up every day. When I went somewhere for the weekend and forgot, I had to wait like 30 min the next time I started the client. To top it off it was all happening more than a year back. Right now it must be much worse. I still have my outdated qt client but not running it anymore.


Yes, not everyone has to do it, but what will be the incentive in the near future? If every year it takes longer to download the blockchain and you need a better computer to run a node, why would you? Surely there will always be enthusiasts willing to do it but as years pass by there will be less and less of them. There should be either a way to make it easier and cheaper or a way for the node owners to profit from it.

IMO disk space is still very cheap compared to the cost of electricity and the other components you will need to run a node. You can get a 3tb drive for $50. Isn't this cheap? It will probably die a natural death before blockchain outgrows it.

I've never used credit cards for investments and not only for that. I've actually never used a credit card in my life and never owned one. My investment money come from my day job, my signature campaign money and my profits from gambling. I also had some profits from trading and I have invested some money that I had saved many years ago. That's basically it. Different sources, one target.

What good intentions are those? Inflation is a side effect, it doesn't have intentions on its own. It's a process, just like a bull market in stocks. A bull market doesn't have intentions. It's just there.


Inflation is a thing BECAUSE the money is being printed. Money printing is not the solution to inflation, it's the cause!

You have some friends, or people you know and live around. You are the tallest and strongest of all of them and there's no police, you live in a remote village. Do you start attacking them one by one and taking their stuff because you have those superior qualities? Normal people don't like to make enemies and US as any other country consists of people. If you make too many enemies they will come to your house when you sleep and kick your ass. You'll never know when to expect an attack and who will hold a grudge. It's a really simple example but this is how the world works. The US might be the strongest but there are many pretenders to the title and all of them together would easily starve the US.

Unfortunately, this has always been a problem with the society and with the rise of democracy it's even more visible. The average joe is an idiot but he's asked for his expert opinion on politics, finances, medicine and other aspects of the modern world. How? Indirectly through voting.
Even when he's not literally in the booth he's voting in the Internet, choosing products and services, voting in the store for what has the most appealing package.
If FB coin really launches it will be a success, just as the overpriced Iphones are, even though there are better and cheaper phones on the market.

The anti vaccination movement is based on some unfortunate accidents that actually took place. In fact, some were more of abuse cases than accidents.
For instance this use of expired vaccines in China: https://www.voanews.com/a/use-of-expired-vaccine-in-jiangsu-sparks-public-scare-in-china/4745123.html
Some vaccines were proven to cause Encephalitis that lead to brain damage. There are many more severe side effects, but they happen to maybe 1% of the vaccinated children. It's still a high enough percentage to make some people consider taking the natural way. I don't support it, but I can understand those who do.

The downloading part is what I would be more concerned about. It's really cheap to get enough storage space to hold your own copy, but it can take weeks for your core client to download it. It can take days with a high speed connection, but the majority of the world doesn't have access to it. For many of us 50 or 100 megabit connection is nothing to brag about, but in many countries 2 is all that you will get. Getting a node to run in such conditions, especially with the client messing up the database from time to time, requires a huge effort.

I know answering with a question might be rude, but why does a sr. member with 6000 posts (3 times more than me) want me to explain the basics of cryptocurrency?
How can computation power be pointless if it enables us to transact? Do you know how much power bank mainframes used to consume? Many banks still depend on them instead of switching to more efficient servers.

I totally agree. Some whales were setting their profit taking mark for 9k because they were logically expecting that the majority will dump att 10k anyway.
It really was to be expected. Personally, I've been expecting a major dump from around 7k back to 6k and we had it. What I didn't expect is that we'll recover this fast and go to new yearly high just days later. Expecting 10k in such a short time is greedy as there are bound to be pullbacks along the way.

While I don't like how the Chinese are spying and remaking everything to be cheaper and less durable, Apple is a shit company as well. Many of Apple's products are faulty and most are overpriced and bought only for display, for the logo. Apple used to be innovative but now it's only trying to milk their customers, get them to pay more money for nothing. A great example of this milking is iphone 9 vs X. Just compare the specs and prices and you'll see that it's not worth the price tag, especially when compared to what the competition from China and Korea is offering.

I don't know why people are blaming bitcoin for the decisions of centralized entities. It really is pointless and stupid. If you get a ban somewhere it has nothing to do with bitcoin. You should be blaming the platform that banned you, which TOS you had to accept to begin trading/advertising. They have to register and comply with local laws and we can't expect them to remain decentralized in a centralized world.


You are either high or trolling. On a second thought, you could be both.

I also see this pattern of them being overly optimistic in a bull market and pessimistic in a bear market. You could see them being very negative and warning us about the possibility of a $1000 bitcoin just 2 months ago and slowly changing into bulls when that did not happen. You could also see permabulls like Max Keiser and Tom Lee doing their thing in the werly 2018. My advice to you all is: do your thing, have your own opinions. Don't invest as they are telling you to, do your own analysis. If the "experts" can change their opinions every few months it only shows that there are no experts. Everyone is clueless here.

I like boxing so I'll remind you all about the famous Tyson vs Holyfield match that dethroned the famous champion and basically ended his career. The odds were 25-1 against Holyfield. This wasn't the greatest underdog story, especially since Holyfield held a title before, so he wasn't a newbie, but still very impressive.

My first thought is a question: why do people like to seek help from the government and laws and try to force their views on others? Why are you a bigot OP?

When you don't like that people around me are catholic and go to church every Sunday, you don't fraternize with them, ignore them, or sell your property and move. You don't go around town telling them to stop believing and you don't write letters to the government to ban public display of religious views.
It's the same about eating meat. You are a vegetarian, you're welcome to grill onions and carrots while I grill a steak. Those who call the police or write to the government because they don't like something are cowards and bigots.

Opportunity makes a thief. Do you know why this saying is true in her case? Electricity is basically unprotected. It's there, outside your home, available for anyone who knows how to connect 2 wires. She made a mistake and will face the consequences, but let's not make a criminal mastermind out of her. Millions of people steal electricity, it's not a big deal. In India it's as common as urinating on the pavement. I guess if she was planting weed or stealing electricity to do the laundry there wouldn't even be an article about her.

It's never too late... unless you buy a shitcoin. In other words, if the project has real value and real use cases, like Bitcoin, it's fine no matter when you invest. If you do it on top, there's still a very high probability that you will profit anyway. If the project is bad, like so many altcoins are, you can buy cheap, but you still won't profit, unless you catch a speculative pump. Something like that happened recently with SV. That said, I wouldn't bet my money on a random event.

Not really. You said that all countries would welcome a partnership with Russia and I said that the ones that were abused by the Soviet union, especially the countries that were "aligned" with them in 1950-90 would not welcome it. It doesn't matter that now it's called Russian federation, it's the same country under a different leadership.



Why are we suddenly changing the topic to the US? Every time I see someone say something about Russia the retaliation is "and US did this or US did that"
I don't care about the US, I told you my views on Russia vs Eastern Europe. I've never been to the US and we could jump from a country to a country because Japan killed a lot of Chinese, US nuked Japan, Germany and Italy did WW2 and Russians happily raped all the way to Berlin.


Looks like this is a sensitive topic for the Russians, but there was a lot of abuse in communism. You can say what you want about capitalism, it's not perfect, but at least nobody shoots you in the back of the head and buries you in a mass grave.