Answer the question, guys.
You stand to become much richer if you back Gavin Andresen's plans, launched as an altcoin. You could be 5% each of the entire GavinCoin market cap, and you've had months and months to prove how superior Gavin's coin is, by launching it. So why are you not doing that?
I'll answer the question - Blockstream is the Alt!!>8MB blocksize was in effect the day the first block got mined. <----- The real Bitcoin!!! |
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Sounds like a massive gap in the market is opneing up, then.
The question is: why don't any of the above complainers want to own +1000x their share of BTC in GavinCoin? Isn't it more logical to let Bitcoin fail, and instead own a larger amount of a superior asset?
Listen dumbass - SegWit and Lightning ARE the alts!!!! Bitcoin, the original Bitcoin Didn't have segWit bullshit, off-chain bullshit, or even 1MB block limits. The real Bitcoin got hijacked by assholes that are trying to shove their crap on top of the original. The original works fine and the original anticipated 8MB (and greater) blocks. The fucking alt is Blockstream/SegWit/Lightning/Thermos/Maxwell |
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I'm of the view that anyone is free to modify and run whatever code they wish. That means I'm absolutely fine with people testing the waters with proposals like SegWit and Lightning, but by the same token, that also means alternative clients that propose changes to the blocksize are equally acceptable. Complaining about one and not the other would be highly hypocritical. Further, it just results in the usual 'Side A' vs 'Side B' spats we frequently witness on the forums and no one is willing to compromise. Anyone who thinks they can dictate what code people should and shouldn't run is more than welcome to use a closed-source coin and leave Bitcoin alone.
But are you equally fine with a commercial entity like Blockstream having undue influence of key Core devs who continuously push out others like Mike Hearn, Gavin, Ver et al so they can push an inferior and proprietary scaling solution like Lightning into effect where a good free alternative exists? G.Maxwell has vigorously dreamed up reasons why blocks >1Mb can't be used when Satoshi always intended on chain scaling and much bigger blocks. Maxwell needs this 1Mb limit to drive demand for Lightning. G.Max also needs SegWit to make Lightning work. Segwit yields a tiny capacity improvement with heavy overhead and new attack vectors. |
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Yep. Lightning is a very interesting alternative money system with loads of complexities and unknowns. However, it is not Bitcoin. It is something else entirely.
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Its a long history about bitcoin death, i do understand people thinked it were at those situation as has lost almost 90% from the 1000 dollars value, but its returning and stronger then before, i would join now and wait 900-1000 dollars at 2020.
We can say that bitcoin went dead from the past years and months but I would that it is coming back again but with the price of $900-$1,000 I don't think it is going to happen at 2020. Because possibly that it is going to happen between 3-5 years from now. And that is just proving that bitcoin is not going to be dead again. The blockchain is already at 92GB; the delays are huge and sometimes transactions are dropped due to over congestion and lack of block bandwidth; micropayments, long thought to be a major bitcoin application are totally gone now; transaction fees are about the same as Visa swipe fees at about $.20; infighting at the core level has never been more contentious. The whole thing is fucking-fucked. Bitcoin is dead. Time to sell out. |
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If you really want to mine, then do precisely the following. 1) Buy one of these on EBay:  2) Plug it into a USB on your computer. 3) Join a mining pool. Happy mining!!! Every other mining solution will lose more money. Most will lose a shitload more money. Don't attempt those. Just do what I said and enjoy your experience. If you take my advice, in the end you will be much further ahead financially. |
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I don't know Brock Pierce and never met him, so I ask my colleagues who know him, could someone please ask him to post here exactly what sort of unholy evil makes a naked grown man insist little boys to get into a Jacuzzi naked with them, and further what makes said grown man want to shove his dirty penis into that little boy's ass?
Broack Pierce as our elected fearless leader should be able to answer just one question.
Man, that documentary tells it all. You can't make this shit up.
It somehow seems dirty and disgusting when you describe it that way. What if he shaved his balls and washed his penis with alcohol before he shoved it in that little boys ass? LOL He would have to be a complete fool to post here. We'd all rip him apart. Does that sound like a fun afternoon to you? Besides, what's he supposed to say, "oh that little boys ass was so sweet and tender I just couldn't help myself. I've always loved that new baby smell, it's like new car smell only better". ROFL A penis washed in alcohol still may have a festering herpes virus sore. I don't think a 9 year old boy needs that up his ass. |
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I don't know Brock Pierce and never met him, so I ask my colleagues who know him, could someone please ask him to post here exactly what sort of unholy evil makes a naked grown man insist little boys to get into a Jacuzzi naked with them, and further what makes said grown man want to shove his dirty penis into that little boy's ass?
Broack Pierce as our elected fearless leader should be able to answer just one question.
Man, that documentary tells it all. You can't make this shit up.
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The bitcoin blockchain is already very powerful. Private blockchains can't catch up. The security is far greater with Bitcoin. Even Ethereum shows why an alternative blockchain is so weak. The community doesn't like some of the activity on the chain - Bam! Do-over!. Not possible with a very high secure system like Bitcoin blockchain.
Advanced system are attaching to the Bitcoin blockchain too. Over $1.7 million Tether were traded in last 24 hours on the Bitcoin blockchain. Tether is basically 'dollars on the blockchain'. You can move dollars to any Bitcoin address you like. No exchange rate risk. All that is done without any external chain. It is 100% Bitcoin blockchain.
While Ethereum is in big trouble. The Bitcoin blockchain presses on with some great stuff.
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Well I think that bitcoin is not dead yet. It is still kicking and used by many and that's why I think it is not dead. Until there are bitcoin supporters, I think bitcoin would not be dead.
Soft fork is bad enough. Hard fork? Very serious. Contentious hard fork? VERY, VERY BAD. Contentious hard fork that alienates the core development team = Bitcoin is dead. The Chinese miners (basically Jihan) has decided that Maxwell really is a lying dick and now they are going to do a hard fork. Then, the main development team will stop working on the software because they are little pussies and want to prove they were actually right - they will even sabotage Classic to make everyone know they were right. Folks, we are dealing with some serious little babies with gigantic egos and no leadership. 'decentralized' isn't all that optimist like to think it is. The DAO is 100% fucked in one week, bitcoin is collapsing around a simple one line of code change in TWO years of debate. It is a nightmare scenario. Bitcoin is definitely dead after this. Here is fucking bitcoin:  |
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i have recently read the article and i don't like these words "Bitcoin and drugs are known to go well together" and because someone else buying drugs using bitcoin but doesn't mean all bitcoins users are drugs addicts or drunkard and i think these news is too overestimated
Well I agree with you man. I think they cast their judgement without even knowing that many use it to earn money and for stock exchange. They also haven't thought that many users of bitcoin just use it to buy on some online shops easily without credit cards they just cash their judgment easily by saying that Bitcoin and drugs are known to go well together. I think this ain't right. Just remember, for many years the Internet had no other purpose than to convey pornography. Maybe the first five years (since Netscape) it was totally useless- unless you wanted to see naked chicks. |
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A new group in China was created 6 months ago and it was aiming to connect chinese consumers to Global Market through the use of Bitcoins. It is not clear yet how they will operate but this seems promising. I hope Philippines will adopt this kind of business idea to uplift the business economy of the citizens. With this at hand if successful I believe that other countries will soon follow and this may lead to bitcoin more increase in monetary value as price will skyrocket once again.
Chinese already have access to US dollar via bitcoin. Go to Polonix, bring BTC, trade for USDT. Chinese and PH can buy as many dollars as they like this way. You can sit and wait on those dollars, or you can change back to BTC. It's fast and easy. They also can send those USDT the exact same way to send Bitcoin - anywhere in the world for almost nothing in fees. That is powerful. USDT is exactly like bitcoin - but its dollars. One USDT is always one dollar. |
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What freaks me out a bit about Tether is the fact that they still linked to a bank account that can be frozen or blocked at any given time. I do not trust banks and the government behind those banks. I
can see why they doing this, but I do not trust the bank connection behind this technology. I know the exchanges have the same problem, but some of them are regulated and insured against losses, or
that is what we hope.... How is Tether any different? At some stage, you have to go back to fiat in any way... right?
They probably don't ever have 'to go back to fiat'. Basically, on the first day a rich guy just made on big ass deposit. I think that Brock dude was involved. Then, those initial USDT were traded for BTC slowly. Now, they just go back and forth between USDT and BTC all day long. There aren't really any more transactions In/Out of USDT/Fiat. If needed, they can take another USD deposit - or reverse. But, that is not part of the daily action. The daily action is all USDT < - > BTC. So, the fiat just pretty much sits there doing nothing. Getting the whole thing up to have some liquidity is the hard part. But just today it traded $500,000 so there are enough buyers and sellers now. No more need to create/destroy more of the coin. If there is a huge buy run that causes the price to go whacky, they'll put more into circulation with some more cash deposits. But that isn't a daily event. |
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This is the first I heard of USDT:
A crypto that is pegged to the BTC price...
If Bitcoin is $701 and you sell 1 then you get 701 USDT, is that correct?
You can always trade BTC/USD, on any exchange, as long as you take profits in BTC.
How does USDT solve the problem of getting "real" cash in and out of exchanges?
That is indeed, the case. You can find this in Poloniex, I don't know if they are in any other exchanges, but probably Poloniex is the best way to go since they have a decent volume. Last time I checked it was about 300 BTC, so it's decent unless you aren't a whale. My fear is in fact that a whale decides to take a big dump and crashes the USDT market losing the peg with the dollar. I think its a good idea tho, because who wants to give credentials to exchanges. It can't lose peg with the dollar. There are actually real dollars on reserve. For every USDT on the blockchain, there is a real dollar in the bank somewhere. This is how they maintain the peg. It can't get 'unpegged' Are you sure? How do you even know how many dollars there are in circulation? That seems like nonsense to me. Where can I learn how exactly the pegging mechanism work? I think someone intended to do something like this in the past (a crypto pegged to dollar) and it was a disaster. I forgot the name of the project . This one seems to be doing good so far tho. how does this peg stuff work? I remember nubits was supposed to the answer. i couldn't understand what the hell they were on about when it came to maintaining the peg. now their peg is toast anyway.
Yep nubit must be the one im trying to remember. So I wonder how this time will be different with USDT? This is the first I heard of USDT:
A crypto that is pegged to the BTC price...
If Bitcoin is $701 and you sell 1 then you get 701 USDT, is that correct?
You can always trade BTC/USD, on any exchange, as long as you take profits in BTC.
How does USDT solve the problem of getting "real" cash in and out of exchanges?
It doesn't solve that problem. But, if you want to sit on dollars for a few weeks before getting back into BTC, just buy USDT which stays on the blockchain and the Exchange doesn't have to hold dollars for you. Good for you and good for them. What does DEX mean? here are the details: http://tether.toand here: https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf |
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This is the first I heard of USDT:
A crypto that is pegged to the BTC price...
If Bitcoin is $701 and you sell 1 then you get 701 USDT, is that correct?
You can always trade BTC/USD, on any exchange, as long as you take profits in BTC.
How does USDT solve the problem of getting "real" cash in and out of exchanges?
That is indeed, the case. You can find this in Poloniex, I don't know if they are in any other exchanges, but probably Poloniex is the best way to go since they have a decent volume. Last time I checked it was about 300 BTC, so it's decent unless you aren't a whale. My fear is in fact that a whale decides to take a big dump and crashes the USDT market losing the peg with the dollar. I think its a good idea tho, because who wants to give credentials to exchanges. It can't lose peg with the dollar. There are actually real dollars on reserve. For every USDT on the blockchain, there is a real dollar in the bank somewhere. This is how they maintain the peg. It can't get 'unpegged' |
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This is the first I heard of USDT:
A crypto that is pegged to the BTC price...
If Bitcoin is $701 and you sell 1 then you get 701 USDT, is that correct?
You can always trade BTC/USD, on any exchange, as long as you take profits in BTC.
How does USDT solve the problem of getting "real" cash in and out of exchanges?
It doesn't solve that problem. But, if you want to sit on dollars for a few weeks before getting back into BTC, just buy USDT which stays on the blockchain and the Exchange doesn't have to hold dollars for you. Good for you and good for them. |
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Haven't heard of this USDT before  Is it a new options on the exchanges? I also hate having to chase the fiat exchange rates too not get shorted by the forex market on my bitcoin purchases. Tether has been around a long time and is quite reliable. Not only that, lots of trades everyday in that crypto. It is really just like have a dollar - made into cryptocurrency. You can jump in and out of BTC / dollars all day long. You can make these trades WITHOUT Polinex and without Polinex fees because they've got a decentralized exchange too! Go learn about Omni Dex. |
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I haven't heard this. I don't think I will. Too embarrassing, to be honest. I can imagine that she is just a paid PR and knows nothing about how any of this actually works.
Not just paid for PR, she's the founder and President of the Chamber of Digital Commerce and has been featured as a speaker in many major Bitcoin events that attract interest of high profile investors. She even did a terrible job at indroducing the Australian Senate to bitcoin. If that cease and desist email is real, then I am laughing my head off! You've got to be kidding?! She thinks she has the right to prevent you from publishing that? lolololol! Once she granted the interview, she gave up any right to confidentiality. Does she believe just because the result was unfavorable to her that she has a right to prevent the publisher from using his work? Apparently, she doesn't know anything about blockchain, and she doesn't know anything about PR law either. Poor girl. Yes, entitled and privileged women absolutely believe that they have the right to retroactively withdraw consent... until they are informed otherwise by authority. What a shame. It seemed like we had a real nice lady in the community. Then she had to go and run down the idiot path. Damn shame. She might be able to wow an Australian politician with buzzwords - but most people in this community don't really get easily tricked by such things. Good luck to her in her next gig. Hope she goes there with somewhat better integrity. |
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Not just paid for PR, she's the founder and President of the Chamber of Digital Commerce and has been featured as a speaker in many major Bitcoin events that attract interest of high profile investors. She even did a terrible job at indroducing the Australian Senate to bitcoin. This just proves how much more sophisticated Canada is than Australia. Australia will listen to any dope when trying to figure out bitcoin and Canada gets the sharpest tool in the shed: https://www.youtube.com/watch?v=xUNGFZDO8mM The difference and contrast between these two hearings is striking. |
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You certainly and obviously know that writing on a forum is not a proof. It is as worthy than any scammer brain fart.
Care to sign it your msc addresses on the blockchain?
I'm just stating my intention, as I have repeatedly before in various contexts. Not trying to make a binding contract or prove anything. But but.. I thought you said you are selling mastercoins(omni) to work full time on the project.. so $500K - $1M wasn't enough ?
Sadly I didn't get nearly as much as they were "worth" (according the speculative bubble at that time) - the price couldn't support that volume of a sale and I had to sell at a discount. I was dismayed at the time, but of course it turned out that I was selling close to the peak, which I did NOT expect. Another factor was that my daughter almost died from a brain hemorrhage shortly after that and we spent a lot of money on medical bills from that, even with insurance. Plus, I wasn't willing to let the bank account dwindle all the way to zero. When I realized I would have to sell more to stay on, I decided the healthiest thing for the project was for me to step away from it, as I am comparatively very expensive for what I was contributing. It was, I am still convinced, the right thing to do for the project. If I had tried to stay on and sell more Omni, the price would probably be 10% of what it is now (just guessing). Too bad the idiots around here don't appreciate your good and reasonable positions on this project. I think you are doing the right thing. Just support the devs who can continue to make good contributions. That is awesome. Craig is really great. The whole gang. I wish there were a clever way to increase the coding team. That would be awesome if young hungry interesting talent would find ways to hook on to what has already been built and join the efforts being done now. If doors were wide open and it were made easy for interested newbies to come up to speed with the help of the 'old timers' - I think this project could catch back on fire. |
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