I beg to differ. Gregory just "threatens" to find something other to work on. This is fine, it's his decision after all. He doesn't like the way the whole Bitcoin project is headed, so he'll just do something else.
He doesn't state that he will sell out, though. Rather, he believes that the proposed changes to Bitcoin might be perceived as suicidal for Bitcoin, which is why he would consider it a wise move to sell his Bitcoins before they depreciate.
At least that's the way I understand his words. Maybe I'm just nitpicking, but I find that difference important enough to be noted.
Well he did stay the he would sell most of his Bitcoin. The title might be a bit misleading though but this often happens. However people should be careful when making threads because they could be partially spreading FUD without realizing it. -snip- So the question really is, which network will be larger? As the old saying goes, just follow the money. The larger network will be the one that's embraced by businesses like BitPay, large mining pools etc. And I doubt that that's going to be the one without Gavin. The "old" network might survive as something like a sect of the true faith of Satoshi, though. Which would make it a rather interesting social experiment  I agree. It would be worse to see that the network has split up into two 50/50. Gavin has a lot of influence even though he sometimes is doing things the wrong way. That's something most people can agree on, but they just can't agree upon the "how". Unfortunately, that's precisely the reason why Gavin has to take the steps he's taking right now.
I'm more interested in the patches that XT has that allegedly decrease the security. I've already stated in a thread that the developers that are refusing the increase in the block size should propose solutions that are better and explain why. Even though Gavin is somewhat right he's doing things the wrong way. This feels like a hostile takeover attempt. Because they're rejecting his proposals he plans to go ahead with his own fork. He will be successful if he gets Bitpay, large pools and such aboard as you've stated. However this is not how decentralization should work in regards to Bitcoin. I'd like to hear what Andreas Antonopoulos has to say about the current situation. My biggest concern with the fork is all the infrastructures and businesses will have to take the huge risk of either moving to XT, or staying Core... it's insane. Imagine you are running a successful company like Bitpay, you say, okay 20MB, awesome, let's adopt XT for our transactions. Then, XT ends up crashing and Core is the one that survives. It's a headache. |
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I'm not anti-fork, nor am I really bothered which "stick" everyone ends up running with, but the problem remains that BTC can not scale to be a general world currency.
The only solution is a distributed ledger of some form, but on a single block chain, that is not possible to do. Side chains could be classified as a form of distributed ledger, and may work to some degree of success, but its more of form of partitioning rather than distribution, because you can not be sure that all side chains are using compatible properties or protocols to directly interact with each other, and so there is additional overhead to enforce this.
To achieve load capabilities that will allow any crypto-currency to truly become a mass market, general world currency, and stay true to the original ideals of Bitcoin as a (100% decentralized), said currency must be developed from the beginning with a viable, working distributed ledger solution in mind.
With BTC, there is no solution, period. Increasing the block size will never solve this problem if BTC was to become truly mainstream, due to the required block size to cope with 100's - 1000's of transactions per second loading. If block sizes are in the 100MB+ to deal with that kind of load, the end result is more centralization, and less full nodes on the network due to the costs and inconvenience of maintaining/running a full node. The block chain size can be mitigated with some form of pruning, but you still have the bandwidth and processing requirements to ensure full nodes are able to deal with those high transaction loads.
But didn't satoshi wanted Bitcoin to (ideally) become a world currency capable of dealing with said volume? I don't think he wanted Bitcoin to stay some small niche payment method. |
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Hi can you describe the details of digital currency such as Bitcoin, Litecoin, Dogecoin and NXT? Which is more secure?
Bitcoin = Gold Litecoin = Silver (biggest Alt after BTC) the rest is a scam. We are yet to see if LTC survives in the long run and reaches a network effect big enough to be known globally as the silver of crypto. If it indeed does, it will be great since right now it's cheap as hell, but who has the balls to carry a ton of LTC right now? certainly not me. |
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There are way too many coins created daily to keep track of them. What you need to know tho:
SHA256 = Bitcoin
Scrypt = Litecoin
PoS = NXT
Hybrid = BLK
The rest have introduced a ton of algorithms, like x11 with DRK (Darkcoin, aka Dash) ,a bunch of other ones with QRK (Quark). Those are in my view gimmicks, we don't need that much anyway. SHA256 is as safe as it gets.
A project worth checking out: Maidsafe, they are aiming for an actual decentralized internet.
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It sounds cool, but that would be too much pressure in a relationship. Also, if the rings are too recognizable, they could kidnap you and ask your wife for the other ring to get your money. Don't wanna wear "hey I have BTC" recognizable shit.
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the whole point of bitcoin is that you don't need a bank! bitcoin enables you to be your own bank
With banking system we can easily convert it bitcoin to fiat or otherwise and with bank we can easily take our bitcoin everywhere and may be can use it for some stores that accept this kind of payment so it will useful and that is one of the easiest way to get your own bitcoin This can be done already with tons of ATM machines that support apps like BTCPoint o Bit2me: http://www.coindesk.com/bitcoin-bit2me-enables-immediate-cash-withdrawals-across-its-atm-network/Too bad in my country there are none yet, but I hope it arrives. I also hope they keep it commission free, otherwise no one will use this. Hope as well they respect privacy, or they will go bankrupt. If those requirements are meet, then you can be withdrawing cash in seconds through normal ATM which is amazing. |
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There are lots of good ideas to implement in gaming and specially Android/iOS games, simple games that give out tons of small payments. Too bad microtransactions as we know them are a big problem right now for the blockchain to handle, it would be too much flood.
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Just for fun:  Yeah, try telling that to people when they try to use BTC and there are so many transactions per second that shit takes ages to get confirmed etc. |
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I've found this video very relevant to this thread. It's an introduction on money and why Bitcoin is the better alternative for the future: https://www.youtube.com/watch?v=Xkw9t9ShwGcVery easy and short video, good for newbies to show and spark interest in the Bitcoin world. Usually all videos are about how Bitcoin works, but now why Bitcoin is the next big thing. |
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Wouldn't such change on the PoW algorithm require a hard fork? seems like it should be tested with some alt first.
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You need to upgrade you rank, some signature campaigns accept "Member" which can be reached pretty quick. It takes months to get "Full Member" and a lot more to reach "Sr.Member". The increase of activity happens every 14 days.
Also, take into account if your English is not at least decent, you will most likely get kicked from the signature campaign.
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It would be better if the bitcoin address is the email address. So I can send some bitcoins to 1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC or send an email to it.
You can use Bitmessage or just sign a message with your transaction, just send a tiny amount of BTC. I don't see any benefits doing what OP suggests IMO. Linking personal information with BTC signatures is not a good idea generally. |
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I've considered speaking about Bitcoin to family and friends but at the end of the day I think it's not worth it. It's still way too experimental, they may get over excited and lose money, I dont want to be responsible for that, so I will keep it to myself. If they want to learn about it they will eventually find it themselves anyway.
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Name: pereira4
Post count (including this one): 518
Bitcoin Address: 1Km2aqKycSwFSWyvXBkyhW6QNwqL6Va4sa
Profile link or UID: 381391
He hasn't been around since may 21, so im enrolling while he comes back.
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technically btc is dead compared to previous prices where it even hit over $800 USD!
but hopefully it will rise.
Except the price of an asset without it's context is absolutely useful to determine how alive is it. And right now Bitcoin is way more alive than when it was 1.2K. Give it time and price will be within context, simple as that. |
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What pisses me off is the UK government are not interested in Bitcoin...
But if anyone makes a big profit from btc they are happy to have a slice of what you've made.
Wankers
What if you never convert to fiat? What happens then?
I am thinking years down the line where 1-5 btc could possibly buy a decent house and you buy it with btc and not fiat. If you are holding 50btc + do you not get taxed on it then?
Anyone correct me if im wrong but, if you never leave the system as in convert in BTC, it's impossible that they know you hold BTC. And even if you cash out, if you send your coins to an en empty wallet to guarantee when you pay coins that are inside your "main" wallet don't get used, and considering you've mixed these coins before sending them there... they can't know you own more than what you spent. If you do this and buy a 300 USD smartphone for example... what the fuck they gonna do about it? Even if you keep doing this monthly, what are the chances that you get taxed the total? About buying a house directly with BTC.. wouldn't the gov still know? because if you go to anything that requires giving your home direction, like healthcare, education or work, whatever, someone would know where you live, and you are supossed to list all of your properties. Someone please let us know how all this shit works. I want to spend some of BTC but im worried about things like that (im not gonna buy a fcking house I wish, but I want to buy a small gift to celebrate my bitcoin gains you know). |
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Journalists get everything wrong. "This random dude is Satoshi Nakamoto, NASDAQ will use blockchain but not Bitcoin..." and so on and so on. Those guys always get it backwards.
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A reflection on the current state of bitcoin and the blockchain in Q2, 2015. "After almost a year of trading bitcoin’s price decline, 2015 has provided the bitcoin community with some positive changes in the reception of bitcoin. The media still remains obsessed with bitcoin’s price volatility while skeptical of its legitimacy. However, the underlying technology for bitcoin, which is known as ‘the blockchain,’ is being portrayed under a much different light..." Check the link below for the full story.  http://kazonomics.com/bitcoin-and-the-blockchain/Thats the joke around the bitcoin community as we speak. All these headline shitters just have no clue about how Bitcoin works to make such claims. Why is it so hard to understand that, without bitcoin there is no fucking blockchain? why is it so hard that NASDAQ dropping by is directly investing into Bitcoin when they say they will use the blockchain, because a strong bitcoin is required for the blockchain to work? when will these clowns learn and do their job right? Jesus Christ. |
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anyone investing in litecoin? if yes where?
LiteCoin have no future. Its worth the gamble imo, this was all said before and people would have jumped at the chance for this price even before the china bubble, what has changed now? not a great deal. When doing my mtgox claim the other day and looking at the screen shots i took before gox went down i found my bitfinex one with litecoin @ like $30 ha, good times. How much are you gambling then? I want to gamble some too, but putting it into a sound project like MAID feels safer and should give huge rewards too. I don't think at all LTC has the potential to hit double figures again, unless someone deliberately pumps the ever lasting shit out of it. |
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I love those visual comparations like this, really explainatory and is something you can show to your average joe friends clueless about BTC and how does it compare to so called alternatives. |
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