I like a lot winminer, but I would like it even more if there were an option to not convert the coins mined and withdraw them as they are, especially in periods like this when they are so cheap.
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you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase? IMO what is happening is just because almost no alts can be bought for fiat, so bitcoin is a forced step both to get in and out of alts. That's why it's pumping for the double effect of fiat inflow and alt dumping.
At some point some alts might well get traction. Just a matter of time.
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Now that they rekt the shorts by conjuring tens of millions of tethers out of thin air they might as well screw the longs as a next step.
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train is pulling out of the station. Up we go.
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All these forks are crap IMO.
But greedy guys will keep forking BTC untill they either kill it or everyone will finally stop hunting free crap
Up to now the more they fork and the more BTC price rises. And I can make some use of my free forked altcoins. Things may get interesting in a bad sense with the next hostile fork with no replay protection, right after which I expect some correction in BTC price and a new pumping in alts. https://bashco.github.io/2x_Countdown/
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Is there any way to destroy the bitcoin? Not to hack or fake it but completely destroy the system.
Now they're trying with this: ICYMI: Another attack on bitcoin coming from Congress (bill would ban "aggregated transactions," attempts to make "concealment" of data a crime, proposes freezing bank accounts, and would require individual users of "digital currencies" to be regulated to the same level as banks)https://www.reddit.com/r/Bitcoin/comments/79oq0j/icymi_another_attack_on_bitcoin_coming_from/
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muh corREKTion has arrived, finally.
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I did not know luke was so influent there How the fuck does a guy go from proposing smaller block sizes, to throwing his support behind BCH ? It boggles the fucking mind. I can't be sure the man is entirely sane. Clowns and sellouts everywhere. Those 100 billions of marketcap look ever more theoretical.
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What -- exactly -- do you find _unfair_ about the current situation? Some had the foresight, drive, business acumen, and such to actually get into the business of making ASICs. Others used similar resources to build datacenters full of miners. These avenues are still open today for anyone suitably talented and driven. It is perfectly fair.
Who cares about fairness? The problem is that with ASICs it's too easy to quasi-monopolize the mining scene, and what is worse is that either some major players in the scene are not economically rational or they are pawns of some bigger hands behind the scene, which is why they're apparently just doing their best to destroy BTC not actually caring about the future success of their shitcoin -which is impossible because if they manage to kill btc any reason to trust a clone will die with it. Even if the battle will go on undecided the risk of 51% attacks will likely increase. So it's a crappy situation with no end in sight which I would solve with a change in PoW so to leave the ASIC farmers and their owners alone with their chinacoins.
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I have 34 of those that I bought back in 2014 or something. Might have to go thru the effort of selling them
Better to keep them while we keep forking a few more years.
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(nonsense)
Ignored. But it's interesting how Vertcoin is pumping lately. It must be a coincidence. It can't be related to the ASICs politics b/s in BTC.
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*Unless a change in POW helps to equalize mining power by making costs harder to scale.
...Your apparent belief that a change in PoW will make any difference in centralization is unpersuasive. No matter the technology, mining power will coalesce to those that possess the financial resources, the BizOps acumen, and most importantly the persistence and pain tolerance needed for entrepreneurship on a grand scale. I don't believe this is true. If somehow PoW can be tied to a smartphone for "one phone one vote", those who have financial resources can screw themselves against the brute force of several billion smartphone users. Just No. Those that have the resources will run hundreds of android emulator VMs on each of hundreds of servers, and we'll be right back with the same centralization problem we have today. We won't, if we switch to to a RAM and RAM-access intensive PoW algo. Let them try to emulate terabytes of RAM in a time efficient way. No eh? Just as I thought. there is some really ASIC-resistant PoW, used by Vertcoin and maybe others. If the PoW has to be changed I'd like that to bring back the VGAs.
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Would you like to list some, er... non-pseudo objections, shall we say? Or is it enough for you to throw around ad homs?
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so is there any safe way to extract this shitcoin from my BTC yet?
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still waiting for muh correction.
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it's all fault of the japs if I don't get my correction soon: and the fail in FUDding:
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It throws a monkey wrench into their whole "Bitcoin-as-PayPal-2.0" plans.
Their plan is to kill decentralized crypto money production and trasmission. Paypal 2 is just a ruse to mobilize the useful idiots who don't get it. That's why they concentrate their attacks on the nodes (because bigger blocks are attacks on the nodes): because they already feel that they can control miners/pools via corruption or force, but nodes are still out of their control.
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4k? That's pretty pessimistic. I think I'll give up watching the price for a while until this blows over.
Pessimistic? We would be still definitely in a bull trend if it bottoms at 4K, and full of energy for a new pump. This thread now looks like an echo chamber of a fanatic cult of hodlers.
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