BITCOIN to be the worlds bank,

There used to be a concept, the CHINESE WALL that blocked TRADING&BANKING, but now the traders ( scam artists, pump&dumpers ) seem to be holding the keys at the bitcoin bank, not unlike the USA banking system of 2007.

MINING is a sure thing, its called a positive sum game.

Trading is gambling, its a zero sum game at best, but almost always the house ( exchanges ) wins, Generally most trading is a negative sum game, everyone eventually goes broke who trades.

Smart people mine, albeit BITCOIN is no longer profitable to mine, because U can't compete with chinese who have access to free government hydro, alt-coins are very profitable


Losers 'gamble,

If U want to make money trading, then be the GUY who creates the shitty ICO and sells it to losers.

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Traders bring NOTHING to the bitcoin table.

Miners are the backbone of BITCOIN.

RICH people use BITCOIN to hide and save their money, and to hedge against the upcoming collapse of the USDollar. Chinese also use BITCOIN so their money can escape mainland china. Actually its harder for your money to escape the USA, than for Yuan to leave China ( limit $50k day may leave HongKong ) [ Last time I tried to wire USA to HK my bank in USA refused ]


Rich People are WHY BITCOIN trades for nearly $7,000 USD, Traders are why the volatility is insane.

In a perfect world SATOSHI would have forseen this and figure out a penalty tax to disenfranchise trading, say a coin that flips more than x times a year goes to zero, we can only wish



Smiley

F**K BITCOIN CASH, it comes from SEGWIT2/NYA, CHINA-ASIC, Billionaire control freaks.


NYA has been trying to steal BITCOIN forever, the CHINA-ASICS & BCH & BTG are all joined at the hip, they're all Fascists for New World Order.

Most of these Khazarian XIAN-CHINA mining billioaires are tightly joined with FED-RESERVE NYA Kharzarian MAFIA, its all ASHKENAZI, XIAN_CHINESE are active Ashkenazi, just like NYA.

I think u Need to read the 'Satoshi Papers", its online, two years after the 'white paper', the white paper is a technical document, Satoshi is a trained math guy, he would not have put emotional issues into his technical paper, but later over the years of emails ( collected ) U can clearly see what he intended.

Secondly your an idiot when Satoshi says "peer 2 peer" he's referring to torrent type decentralization of of daemons, not shit to do with banking.

It almost seems like ppl realize that ETH is shit, and that EXP is the real deal?

Nobody needs the kids on the street, the only jobs are cops,prison guards, better for the kids to stay home sit in front of a computer and see digits fly on the screen, and to get self-affirmation that they're rich.

This shit is NOT new, back in the 19020's a famous guy wrote a book about the 'stock market', the book was called "Where are the customer yachts'??

If there was a single young crypt millionaire here, we would be seeing photo's of their yachts 24.7

The exchanges make money, the people who clone/create shit-coins make money,

The minors make a little money,

But the Day-Traders they are always the losers.

This generation has been discounted already, they grew up on games, and now they believe  lies, all these kids that I personally know are anti-social loners, that have no friends, and have never been near a live woman. Most are mid 20's or older and living at home.

As U can see in this forum, its mostly bots, and the few humans don't care about reality, their only reality is a new 'air drop' tomorrow, or a new shit-coin debut on yobit.net.

Wow I wouldn't tell my friends to get into this hobby, maybe if I had enemy and wanted to screw up his life.

I like this because I have always done GPU algo's and I have been doing crypto research forever, and right now the MOST powerful computing resources on earth are directed towards mining crypto's, its an interesting time from a research point of view, right now my rigs are profitable, when they cease to be profitable I'll direct all my CUDA horsepower back to Machine-Learning, which is why had GPU's in the first place.

Most people are not into the TECH, they're just 'easy money' day trading people living the dream, or something they heard, or second hand scam knowledge, like all those videos on UTUBE of guys talking shit about making money off of crypto.

The shit is very interesting, its a hobby, but when a mining rig only makes $10-20/day, per rig, I would hardly call that 'rich' ( being a miner ), especially when you consider outlay.

WRT to gambling 'BUYING Crypto alt-shit" that is a zero-sum game,... Smart ppl NEVER play zero sum games only idiots.

If your going play, then play to win, like the BTG boyz who launched ALT-SHIT BITCOIN-GOLD and pre-mined $50M first day, now that's how U make money, for them it WAS NOT A zero sum day.

There aren't any jobs, unless u have a skill, like electrician or plumber,

Kids these days go to college, and drop out, go back home.

Day Trade Crypto, call themselves 'rich', whack off to free porn, never been with a real woman, and again they're rich

NOT

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MAYBE U can borrow money from parents to invest in BTG??

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Where I live, gamers grow up, and borrow money from parents to buy GPU Mining rigs, and then quit when they find out they can't pay monthly electricity costs. Then they sell their GPU's, and  owe their parents $6,000 USD, ... viscious cycle, I guess day-trading crypto's is just a level before suicide.

I agree there is a CONSENSUS here that we need some kind of "PAYPAL" for bitcoin, maybe using the phone-credit model, that way nobody has to show anybody their BIG account and they could feed their 'baby-micro-transaction'  account automatically.

But the baby accounts shouldn't be on the block-chain, as the little shit just clogs up the network, its a known-known that most small-transaction are local, thus the micro block chain for synthetic paypal-bitcoin could also be on more temporary block-chain that are circular, what would be the point in going back ten years to see that you spent $1 on a condom at service station dispensary, of course GOV loves to know this shit.

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Again the THREAD discussion here is addressing this issue of PRIVACY ( doesn't exist today ), and how to handle micro-payments, less say under 0.01 BTC

Just like HSBC ( bank for rich ppl ), everytime U do biz they charge maybe $20, but people move millions, BTC is the bank-account for rich, nobody goes into HSBC to get $5 to go to starbucks.

Personally the FEES today on BTC may need a difficulty factor, where depending on network load they fluctuate, what needs to be done is to get the micro-payments off of BTC, but first the PRIVACY problem must be addressed.

***

When I discuss issues the 'core' seem to always say "Have to solve bandwith first', but hell if YOU TAXED micro-payments, and offered a solutioin ( BTC-PAYPAL ) the ppl would jump ship and go with the cheaper solution, today there is NOT a cheaper solution, and BTC-CORE doesn't want to address the problem.

Probably because micro-payments isn't sexy, better to work on a $10k coin, than work on a $1 coin.

Another IDEA like the old FIDELITY MONEY MARKET idea, all micro-payment BTC-PAYPAL CLONE, is fixed at $1, and then the difficulty (micro-fee) adjusts depending upon load, have a circular BLOCK-CHAIN say 3-7 years, no reason for a micro-payment block-chain to have infinite life, and I'm sure somebody would build a WAY-BACK machine for micro-payments.

This new Bitcoin-Gold is backed by gold, they're saying its better than gold, with the anonymity of Bitcoin, but the permanence of gold, the best of all worlds in one coin.

The say everyone has sold their BTC & BCH to buy this new Bitcoin Made From GOLD!!!

Where can I buy this golden bitcoin??

Actually NOT my problem, I just find it FASCINATING that bitcoin refuses to address this issue, they just change the subject, and of course the shills daily here keep talking about 'privacy' like its real.

Criminal's love BTC for what u mention that u have no recourse when ripped off.

Probably the biggest party here defending the existing system is that in the future criminals will be able to pin-point people with wealth and everything about them, and rob them, any way they wish anywhere on earth, this is a big problem with the 'public block-chain' that contains et-al

U see here over&over how they have to put everybody on the block-chain, and that has to be done first, and later when its all working, then they will address privacy,

U know that PTB will never give up "information power" ONCE its goes 100% mainstream,

This is WHY we must DEMAND privacy NOW, and not at a later date.

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A bank doesn't publicly POST everyones balance, but BITCOIN does, NOT GOOD

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I agree if people want to buy a coffee they should use their mobile phone, like 3rd world does now, everybody uses phone-credit for cash, and its easy to buy phone-credit with cryptos.

Hey centralbankeatsdickcheesesandwichs, how about u telling us what BTC should do about the so caled 'problems'?

1.) Fee's aren't a problem for the rich, who do BIG transactions

2.) Privacy is a MAJOR problem, not one alt-coin on earth or BTC has addressed the privacy problem.

The ONLY COIN that FBI hasn't cracked is MONERO, and that RUMOR in crypto land is that NSA only cracks MONERO on NSA POTUS order

There is NO privacy, and they intend to keep it this way.

The GOV ( exchanges ) get to pick winners & losers, IMHO even if a small alt-coin did solve the PRIVACY problem, the "GakeKeepers" wouldn't let that coin go mainstream.

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Komodo is your baby not mine. Komodo is just a shit coin, that shits out shitty block-chains.

They DON'T care because 99% are here to day trade and as long U can buy on the dip, all these smart investors will stick around and play

CORE doesn't care cuz they all work for GOV, everyday goes by more & more it looks like SATOSHI really did work for NSA, as u all note as soon as the CIA met with early BTC team, Satoshi dissapeared.

When asked tough questions, you get DUMB answers.

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They talk about HIGH fees, but NO rich person is complaining, only MORONS are complaining about high fees.

RICH ppl don't want other people to know how much money they have, NOW  BTC is a public ledger, by entering every fucking micro-transaction u do then the block-chain becomes the ULTIMATE "TOTAL INFORMATION Network" as envisioned by Ronald Rayguns buttboys back in the 1980's.

NOBODY has anything "WRONG" all feed each other a PACK of LIES

There is NO privacy or anonymity on BITCOIN, the only coin offering this is MONERO, and it contains a known EDCSA flaw in choice of integers

MY POINT is that all the lemmings are being herded into one big-brother currency.

Strange, when I go to the GPU area of whattomine.com I still get $9/day for BTC-Z, but when I go to the solo 'coins' pull-down for same coin I get $4/day, that's ok, so its still holding where it was earlier, clearly something is wrong with the invididual pulldown 'coins' column


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I'm mainly mining zen-cash, ...doing fine for months on my rigs.

Problem with BTG is btg.suprnova.cc is giving me+500ms on the ping, and miner ain't getting any 'work' so the sols/sec average is in the pits, no point of mining btg, until there is a pull-back, I got some the first few hours solo mining then switched to suprnova, but now back to zencash 100%

I did mine btcz a while back, to my 2,000/day/per-rig, but honestly how many 10's of 1,000's of these 2 satoshi coin does one want to hold? Me think 10k is enough to be done, also its gone from a penny back to 40% of a penny, seems like the whales have moved on?

I don't care about price its a good coin, to hold (BTCZ)


***


Shit music-coin is almost $10/day now, that's another coin you can get 1,000/day and just keep them around ....

Lot's of stuff out there for miners to accumulate, that will 'test' time, unlike BTG, with the DEV's gone, how can this bitch last, yes I know the future did fine without real software ,so now we have a zombie coin that lives on

Today's BITOCOIN is being PUSHED more like a VON NEUMAN ATM machine than the "Bank of Satoshi"

This is sad, get it right, get it private.

Now we have ONE block-chain that is a public record, where everybody in the world, every time they pay a penny to shit in a public toilet in INDIA, its a public record forever??

This is INSANE.

Putting every micro-transaction on earth into a public block-chain is an ORWELLIAN NSA CIA Dream of Assholes.

***

Maybe  the KOMODO model is good? Rather than one block-chain to rule them all, every time you leave the house you shit-out a new block chain for that day's transactions,

No need for a return, all block-chains would be disposable, once the money is spent, just like shit-coins now on the exchanges, PUMP&DUMP, become Save&Spend

Komodo looks interesting, but its being sold as  a tool to crank out shit-coins, got to be a real good crew behind this bitch

Lastly, Komodo nets less mining than BITCOIN-Z

Bitcoin-Z is the real BITCOIN-GOLD,

Komodo is the real shit-coin that shits coins for bots & shills

Reminds me of 3rd printers a shit-coin that shits out more shit-coins, just what we need more shit-coins

People are really obsessed with this notion of "One tool to rule them all"

We used to say "If your ONLY tool is a HAMMER, everything looks like a NAIL" ( early unix days )

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BITCOIN is a BANK for rich people, it should be PRIVATE, and nobody should be able to see who is rich. PERIOD

BITCOIN should be the BANK for all the worlds poor, a safe place they can SAVE ( SAVE I SAID NOT SPEND )

BITCOIN should be anonymous so that robbers, cops, governments, and ex-wives can't steal your wealth

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Transactions is SPENDING money, low value high transaction is NOT what BITCOIN is about

Why must people not just accept BITCOIN to be a BANK, U don't run to the bank for every beer do U? HELL NO.

U go to the bank, get a wad of cash and go shopping.

Same for BTC, there needs to be some low level token physical or virtual for day-2-day spending, so that people don't mix two different block-chains, with two different purposes

One block-chain is a BANK for saving money, NOT FOR SPENDING

Another block-chain is for spending money U don't intend to save.

***

Keeping all your loot in one place and watching it like a hawk, worked long ago, but now on internet and vulnerability from hacking, nobody should be keeping ALL their wealth in a public place, sure cold-wallets are great for the big money a special account, and no big deal to pay $5 transaction fee to move $1M USD.

But when people want to buy a coffee or a beer in a POST USDOLLAR world, they need a faux-crypto

Same for being stopped by cops and the COP wants all your BITCOIN, U don't give him your main wallet.dat, U give him your day-2-day faux wallet, that contains just a little of your wealth, and nobody should know your wealth.

The way it stands now with transaction analysis, when a cop pulls U over, he knows HOW much BTC U have he KNOWS your net-worth, He knows how much he can shake U down for.


***

Anyway there needs to be TWO BIT COIN blockchains, .. one for BIG RICH PPL money, and one for high-level transaction with low-fee, ,

NO way you can have one bitcoin shoe that fits everybody, it would become a tower of babel, like we have today.

BTC CORE needs to PUSH low value transaction off the main-net, but where do they go?

Perhaps the fee structure could be such that transactions get auctioned off if it is a low value transaction to a special block-chain that is specifically designed for penny transactions.

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The short term block-chain should be circular with a 3-year life, if people want to go back, there would be wayback machines. The main bitcoin block-chain is permanent and if money is kept cold it can never go away.

Somebody should develop technology like a 'bitcoiin-paypal' exchanges could do this, most banks in 3rd world countrys already let u put 'phone credit' from bank to phone, then when you go shopping your phone pays the merchant.

PPL just need to move money from their saving's account once /day or once/week they shouldn't be making all their transaction on BITCOIN 24/7, like 2 cents use a toilet, should not go on the block-chain.