I do not consider increasing blocks a good solution. It does not scale while the negative consequences for decentralisation are unclear. Since Bitcoin’s only true value lies in ‘decentralisation’, I support not hastily moving away from this core concept just to solve a current - perceived as immediate - issue. There is too much at stake.
Big data centers will always do better than hobby miners no matter what the code looks like. This whole fear of mining centralization is not only unfounded as it has been happening from day one, and will continue to do so, it is stupid. So let's all just use PayPal and be done with Bitcoin. It already performs much better as a currency system, yeah? I'll go on record to say that if Bitcoin's transactions are restricted to on-chain only, then regardless of block size, PayPal will ALWAYS be faster, cheaper, and more efficient. But inflate that block size to your heart's desire. How about you address the argument for once. And how about you address the fact that bigger blocks and on-chain transactions alone will never allow Bitcoin to compete with PayPal, Visa, MC, or any other digital currency based system. Not even in the short term. |
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I do not consider increasing blocks a good solution. It does not scale while the negative consequences for decentralisation are unclear. Since Bitcoin’s only true value lies in ‘decentralisation’, I support not hastily moving away from this core concept just to solve a current - perceived as immediate - issue. There is too much at stake.
Big data centers will always do better than hobby miners no matter what the code looks like. This whole fear of mining centralization is not only unfounded as it has been happening from day one, and will continue to do so, it is stupid. So let's all just use PayPal and be done with Bitcoin. It already performs much better as a currency system, yeah? I'll go on record to say that if Bitcoin's transactions are restricted to on-chain only, then regardless of block size, PayPal will ALWAYS be faster, cheaper, and more efficient. But inflate that block size to your heart's desire. |
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And once again ... Satoshi was wrong.
Good to have geniuses like your Torque. Thank you for enlightening us with your wisdom.
Now ... if Satoshi was so wrong, why do not we just rewrite the white paper?
.....
Oh! Stupid Satoshi, you were so wrong.
Quit being a trite tool. It's the reason people here don't take you seriously and many have you on ignore. It doesn't matter what Satoshi originally envisioned as Bitcoin's proposed/intended usage, it only matters how the people that buy it actually use it. It saw almost nil usage as a currency even back when transaction fees were low. Disregarding transaction fees and long confirmation times, it's deflationary nature alone, combined with all the hoop jumping required just to acquire it, nearly kills it as a daily currency. It functions much better as a decentralized digital asset that stores value. That's a fact and nothing you can allude to wrt "Satoshi's original vision" can change that. Even pre-teens and teens use paper currencies around the world on a daily basis, but hell they can't even purchase Bitcoin without being 18+ yrs old and having a drivers license and a bank account first. How about that fkn irony, Satoshi? Should we add an addendum in the white paper for that too? Grow the fk up and quit making tool statements. |
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This is a key thought. We have not really had the crypto go-live yet. We are still in the testing phase. Those of us in this community buying Christmas gifts with purse.io and planning our yacht purchases do not live in the real world where crypto is still only magic internet money.
And yet there's this little bit of rational honesty, that we should all recognize and discard the fairy-tale fallacies. https://twitter.com/danheld/status/949423269886664704Which is why Bitcoin should be considered a decentralized, deflationary crypto asset like digital gold, that also happens to be exchangeable for goods and services like a currency. Notice I said "like a currency" because it is clear that that attribute is not its primary function nor its strength. The word "crytocurrency" is a complete misnomer. It should have been called a "cryptoasset" from the beginning. |
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"TL;DR, for our dear readers who can't make heads or tails of this novelty: Bitcoin is as good as gold, shinier than lead, bubblier than tulips, held deep in the mines, and driving people nuts. Gold has enriched adventurers and bitcoin has held fools to ransom. You may dive in a pool of gold, but lose it all at war. Strangely, while you can still buy gold today and forget about it until your great-grandchildren cash it out, the much-hyped "future of money" has turned into the most speculative intangible asset of all time, while proving totally unsuitable as a means of payment. Still, over 2017 at least, bitcoin would have been a better investment than Tesla stock." says site owned by pedophile Jimmy Wales https://en.wikipedia.org/wiki/Wikipedia:Annual_Top_50_ReportHis list lost me @ The Last Jedi comment: "It wasn't terrific, but it wasn't terrible..." No it wasn't terrific. As a stand alone movie alone it WAS terrible, a complete mess. As a Star Wars movie though, it was a fkn abomination and complete disgrace to the franchise. It jumped the shark in every way imaginable. |
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Hows your BCH doing?
Pretty good actually. Moving a big chunk from Bitcoin Segwit to Bitcoin Cash has worked out splendidly. Thanks for asking. Awesome. Now if you could just keep doing this over and over until you only hold BCash that would be great. Feel free to grab some Ripple while you are at it, mmkay? |
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Hey guys, I found the next Bitcoin 2.0! It was hiding in plain sight. As you can plainly see from the chart, its exploding growth and clear popularity should have it overtaking Bitcoin worldwide within the next week or so... https://coinmarketcap.com/currencies/paccoin/#charts |
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You guys failed when you made BCash about following people. Especially following a select few narcissistic elitists such as yourselves, with questionable morality and greedy motives. Kinda like following a gaggle of wealthy preachers.
See, the funny thing is that it is you yammering apes that keep wanting to make it about Ver And Wu. We Bitcoin Cash advocates, advocate for the philosophy and technology. All y'all gots in your back pocket is dragging these guys' names through the mud. Meanwhile, Bitcoin Cash keeps soldiering on. To quote you're own dumb line.... I chortled. And if ya'll really cared about the technology, you'd stop stealing code from Core and try inventing something new for once. But oh yeah I forgot, ya'll got a BCash dev team that is intellectually bankrupt. |
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This game is filled with complete retards. I have to see in forums day after after day endless idiots shilling their scamcoin tokens claiming how Bitcoin is dead because it's too slow and cheap, which is a valid critique, if it wasn't for the case that while claiming that, you are selling me a total fucking shitcoin that solves none of the problems Bitcoin has and unlike Bitcoin, couldn't be used a censorship resistant store of value.
<snip>
You mean like how a penny stock company that is making a new social networking app couldn't easily take over Facebook's #1 dominance in just a week or two? Color me shocked! /s |
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I'm always amazed by the price devlopement, look at the KRW chart of BTC, 10% pump (washtrading) in 2h.
The pump in KRW is already gone but still alive in USD. Somehow i feel better that i don't have any real money invested...just playing around
Everything in Altlandia now has had a meaningless pump. They are running out of shitcoins to pump. I guess they'll have to go make some new ones real quick... |
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It's like you guys think he's Dr. Evil or something. He was here in November for God's sake. Here's a picture we took together at SFO airport as "proof." Roger is a great human being and an awesome ally of Bitcoin.
Bitcoin was never about following people, it was about following concepts and ideas. You guys failed when you made BCash about following people. Especially following a select few narcissistic elitists such as yourselves, with questionable morality and greedy motives. Kinda like following a gaggle of wealthy preachers. Caveat emptor. Bitcoin is not about you and never will be. |
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moderator Torque god help us  Would I be that bad? Yeah, in a few cases probably. Like straight up banning that POS "AICoin_Official" account. That guy just spams the Bitcoin Spec board every single day with altcoin shilling garbage threads. Eh, I don't really want the job though. I know it probably isn't fun. And I just don't understand the rules here. |
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Dabs, serious question:
How do I become a mod in the Bitcoin Spec subforum. Because I'm literally seeing altcoin shill threads in the Spec subforum every fkn day, THAT NEVER GET MOVED.
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It's so unfair that my great great great great great grandfather could get an ounce of gold for $10.
So unfair!!
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I have decided that Ripple random shitcoin is an attack on Bitcoin the same as Bcash other random shitcoin. They are trying to scare holders into selling by wash trading a Flippening. Don’t fall for it.
FTFY. They've been trying this lame 'flippening scare' tactic for over a year now, because they are all fresh out of other shitactics. Pumping random garbage will never work. The Bitcoin community has matured and can see through the bullshit. Wallstreet desperately needs more bitcoin supply to play their con games with the public, and there just isn't much available. So they are desperate to get existing holders to part with their bitcoin. They want them to make rookie trading mistakes, divest into a myriad of shitcoins, or just get frustrated and sell... whatever they can do to shake people out. It doesn't appear to be working. |
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Wow, Gold continuing its bull tear since Dec.
Insiders must be thinking (knowing?) we'll get some bad news this year. They're always 6-12 months ahead of the public.
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Time to invest in alts
How about no. |
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If you want to watch Bitcoin's market dominance percentage on coinmarketcap.com go down even more, just keep adding hundreds more shitcoins with completely fake marketcaps to the ever-growing list.
And voila, magic! Bitcoin's percentage shrinks. It's literally that easy.
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What was our truly dumbest comment of 2017? There is no question: it was, and is and shall be going into the New Year our statements regarding Bitcoin. We thought it was a bubble at $5,000. We thought it was a Bubble at $10,000 and at $15,000 and at $20,000. We thought it would crash and burn long ago and clearly we were wrong Dennis Gartman And yet the U.S. stock market is the most overvalued of any point since the Roaring Twenties, but eh no problem it's perfectly fine.  And I guess it gets lost on Dennis that the Wallstreet establishment is desperate to first get a Bitcoin Futures market and then Bitcoin ETFs propped up and fast. They surely aren't going through all the trouble and effort because they want to use them to fleece a bunch of supposedly dumb millennials. That wouldn't be worth the effort. So why the sudden rush? After all these years of Bitcoin being around, why now? Perhaps Wallstreet views Bitcoin as an "uncorrelated asset" (read: not overleveraged and over-collateralized to the moon like equities)? Perhaps they know something bad is coming 12-18 months from now? Or that a Black Swan could come out of nowhere any moment? |
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