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My advice: get the hell out of Ethereum.
It was pre-mined to death. Sleazy assholes control the vast lions share. They will sell their ETH into every rally for more BTC.
It has zero reason to exist other than to buy other ICO tokens, which are themselves scams.
It's #1 claim is smart contracts. Which is a solution looking for a problem that doesn't exist.
It will NEVER be used as an actual currency, as there is zero incentive for the public to buy it, and zero incentive for merchants to adopt it.
It's codebase is a buggy, messy, rube goldberg machine. It's attack surface is huge.
Buy Bitcoin, every year, at whatever price it is at. Long term it will provide a store of value for you, and give you a well-known and trusted cryptotocurrency that will be accepted everywhere by merchants all over the world.
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Full credit for having the vision and sticking to it through some long dark years.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin. When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies. Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more. Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat. I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time. _____ I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative. _____ I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first. The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins. Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains. While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts. IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off. Bravo! Well said!  Similar experience here, but I didn't get as much of an early start as Jimbo. Wish I had, or just a tad earlier in late 2012. But in the grand scheme of things it doesn't matter, everyone that gets involved will be saying the same. Along the way in the last few years, I researched and figured out how the stock market *actually* works underneath. And specifically how stock IPO launches of major tech companies work. What I found is truly horrifying. The public would be SHOCKED and SICKENED to learn that the reason these tech companies' founders, employees, and angel investors get instantly filthy rich at IPO launch is all because the stock is 99.99% pre-mined and reserved for them. The remaining 1% gets gobbled up by deep pocketed, over-leveraged funds managers and mega whale traders, and only a tiny tiny sliver of that 1% hits the stock exchange as the float for public consumption. With a starting valuation projected 20 years into the future. From there it is over-leveraged, rehypothecated and collatoralized many times, and then HFT robo-traded... thus the needle barely moves over the years. This is why it takes 10-20 years for a stock to double or even triple, and that's only if it has real potential to gain market share and show an ongoing profit (think a Facebook or Apple). This is all by design too: the establishment would rather have a small handful of people get instantly filthy rich, than thousands or millions of Joe Public possibly doing so (who they need to work all their life for taxation purposes). Plus they want to tightly control the volatility of these stocks, for many reasons. So instead imagine if 100% of Facebook's initial millions and millions of stock shares were allowed to trade freely on exchanges the day it was founded back at Harvard (at a starting price of like $0.01/each), available for anyone to get in early and not just the privileged 1%'ers. That's what Bitcoin is like. And that's why the Bitcoin price is going to the moon, and we are still only at the beginning stages... |
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I like the one guys reply.
"Always ask for evidence" - Sure. Please provide evidence that you are solvent.
Lol
From the same thread - "Burden of proof is with the people making accusations not the other way around" I've seen this thrown back multiple times by Bitfinex when asked about this. It doesn't quite compute. People are making an accusation based on a complete lack of evidence to refute it and BFX are only too happy not to provide it. The funny thing is though, I'm not sure any of these exchanges are fully solvent. They could all be running fractional reserves. Or leveraging user account coins against other investments. Hence the reason why the whole "yearly independent bitcoin audit" thing seemed to have died 2-3 years ago. |
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Beware of Bitfinex!
I had withdrawn everything from them weeks ago. The writings on the wall...
But still hat to use them to buy Iota (what I recommend to everybody though).
My last Iota withdrawals are still pending, more than 5 hours from approval. Iota transactions are instant.
I have opened a support ticket etc. No reply, of course.
I recommend everybody to withdraw everything from Bitfinex, if still possible!!
https://twitter.com/bitfinex/status/932287734152081408I like the one guys reply. "Always ask for evidence" - Sure. Please provide evidence that you are solvent.Lol |
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I must have forgotten to save the link to the tracking of coinbase user accounts. I think it was Torque who posted it. Anyone kind enough to share it again.
Hey man! Yeah, they have a tally right on their home page, just scroll down a bit where it says "customers served". Currently at 12.8M accounts. It looks like they added ~400K accounts in just about the past week or two. I'm hoping they can average ~1M new accounts per month all through next year. Thanks, you had found and posted a historical chart as well. Was hoping to see this to get an idea of user adoption on a time scale. If you don't have it saved, I'll just scroll through your posts for the past month or so. Here's the only one I've seen. I'm not sure where you can find a live updated version.  |
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Anyone who sat in fiat all this year, watching bitcoin's price rise from the sidelines, got destroyed. Those are gains against inflation that they will never get back.
In fact every year that they sit in fiat and Bitcoin's price ends the year higher than it started (doesn't matter if it is by $1), they are still losing bigly, getting poorer by the year. People need to wake up, they are just not getting it. There is no such thing as too late, bitcoin is not like a traditional investment, it is deflationary money.
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is vegeta already warming up?
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I must have forgotten to save the link to the tracking of coinbase user accounts. I think it was Torque who posted it. Anyone kind enough to share it again.
Hey man! Yeah, they have a tally right on their home page, just scroll down a bit where it says "customers served". Currently at 12.8M accounts. It looks like they added ~400K accounts in just about the past week or two. I'm hoping they can average ~1M new accounts per month all through next year. |
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Rather, I am trying to dispel the widely-touted, but rarely-explained assertion that 'the only capable devs in the crypto space exist in the Bitcoin Core camp'.
Dispel how? With what evidence to explain your assertion? Show me the evidence. What amazing things have these developers 'outside of the Bitcoin Core camp' accomplished exactly. |
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Do you deny the following? If so, which parts?:
But the truth is that the core developers have not:
- measured and published such transaction capacity tests
- determined where the lowest bottleneck in system transaction capacity lies
- coded up a fix to remove the lowest bottleneck to system transaction capacity
- measured and published results with the fix for this lowest bottleneck to system transaction capacity
So which of these things have the BCH/2x genius devs solved without sacrificing decentralization by just upping the block size? You know, the same incompetent group that fumbled the 2X launch by missing a trivial off-by-one error so no blocks could be mined to trigger the fork? The same ones that try to hot fix shit in production with no code peer review or testing? The same ones that created the BCH EDA abomination? You try to paint the Bitcoin core developers as somehow incompetent and not meticulous and careful, when the truly incompetent and reckless dev hacks live in your own house. Gaslight much? - All this in a time when system transaction capacity is the hottest issue - and has been for about two years.
Another lie. It is not an issue at all. Ver/Wu/Wright are trying to make it an issue by spamming the network and creating artificial congestion. |
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Not sure if serious... They give a 25% chance to 10K+ in 13.5 months, and a 75% chance of a long crypto winter (or BTC irrelevance?). IMO there's a better chance for 20k+ in that timeframe than sub-10k. But what do I know, I'm just a permabull. Yup, it's a bit bearish for my (current) taste. But I think they mean a 75% chance of a price equal or below to $10.000. That's not necesarily a crypto winter. From what I understand it means that they are 'reserving' their bitcoins for 10k in Dec 2018. This means they expect the price to be higher than that...A good thing! Yup... but as I said it is not the bulliest of predictions either  Oh. and on second thought... if they are paying (now) $2500 for the option to buy BTC for $10.000 in one year... then that means they are expecting the price to be above $12500 (not just $10.000) or they would be losing money. At the same time, there some other party that expects the opposite... or want to somehow hedge their BTC.... or most probably it is all just a marketing stunt That whole thing has got to be a joke. Even without the CME or ETFs, I'd wager that north of $10-12K/btc is easily doable by end of next year. And with a Bitcoin ETF or two/three online sometime next year, they'd be able to short squeeze the whole market to the moon within milliseconds. |
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...I do think that the growth of bitcoin prices is kind of an indication that the dollar is losing credibility...
This conclusion is kind of problematic. Bitcoin has outperformed every other currency and every other asset class on this planet as well. Therefore you can´t really argue that the dollar is losing credibility, because compared to Bitcoin everything has lost credibility. However, you are probably right that the dollar has lost credibility. Take a look at the development of the purchasing power of the $ over the last decades:  US printed a lot since 2008 and also nations are buying gold. Things are getting weird and they will not stop printing.   Yeah, there's no way that China and Russia would be importing and stockpiling Gold like crazy if they didn't know that the PetroDollar as reserve currency is one day going to end. When exactly, no one knows, but from the rate of increase in their Gold holdings we could be as little as a decade away, or still two decades out. But make no mistake, the dollar is slowly dying. Everyone needs to be prepared by stocking up on a little Gold, Silver, Bitcoin, and other deflationary assets. |
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jbreher is actively trying to destroy bitcoin.
Just no. You couldn't be further from the truth. Not only am I not trying to destroy bitcoin, I am trying to save it. Hell, I am not even trying to destroy Bitcoin Segwit. Such a postulate would be ludicrous, as I hold more BTC than I could possibly make through 'normal' means such as my salary -- and I am within the USA 6%* top in that regard -- if I worked for the rest of my life. *https://en.wikipedia.org/wiki/Household_income_in_the_United_States#Distribution_of_household_income_in_2014_according_to_US_Census_data It is true that in my analysis, I find Bitcoin Cash to be superior to Bitcoin Segwit. For everyone. Except maybe those who have invested their reputation in core. And my statements are largely positive on BCH. But the only negative statements I make on BTC, are in relation to the manners in which it is lacking compared to BCH. And always truthful - at least to the best of my knowledge. Troll tactic #47 - Leading with the sympathy/empathy card
Haha, two trolls in the same day using the same tactic? News flash Walter Cronkite: We don't believe you and more importantly, we don't care. |
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Always hide your power-level. This applies as well when you conceal carry a firearm. still trying to find a convenient way to conceal carry my preferred weapon of self-defense - sword.  You know, there was a time in the world where a man could walk around freely with his sword or pistol on his hip. And no one would fk with him. I wouldn't mind seeing a return to that.  |
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Elon Musk is going to end up the Tucker or DeLorean of our generation. History repeats.... sigh.
Sadly, I fear you may not be too far off with that comparison. TBH, I'm really holding out for the Porsche EV's due out around the next halvening  Yeah, Tesla is quickly running out of other people's money, and the bail outs are going to end at some point soon. Not to mention that every major car manufacturer will quickly close the gap on the All-EV market within 2-3 years. Chevy just launched their Bolt EV. It looks like it could be a winner for the mid-range market. Still a little pricey for what it is though. But the govt fed tax credit helps. Ok off-topic, but the subject of Tesla still fascinates me. Watch this cnbc video. If I had any stock in Tesla right now, I'd be selling into that fake speculative bubble that is no doubt going to abruptly end in another year or two. https://www.cnbc.com/2017/11/17/tesla-is-going-out-of-business-says-former-gm-exec-bob-lutz.html?__source=twitter%7Cmain |
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I want to...
I don't believe anyone would object to that if code was offered up that was demonstrably superior in every way and addressed every technical doubt about that approach. If it was then enough people would agree, migrate and that would become Bitcoin. Most people are not married to the Core path. What Core has that can't be touched at present is straightforward competence and that's what keeps their grip on Bitcoin's development. That is, er, not quite the case with the present campaign. Troll tactic #47 - Leading with the sympathy/empathy card |
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these guys will never understand that the core devs are willing to increase the blocksize when the time is right and it's tested properly
And even when the Bitcoin block size limit does get raised when the time is right, they'll just say it's not enough and BCash has it where it needs to be. Or come up with other arguments and excuses why Bitcoin still sucks.  |
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There are many Bitcoin people here (because hey, this IS a Bitcoin WO thread) that have disagreements and legitimate concerns about the future of Bitcoin: Joe public adoption worries, merchant adoption worries, SegWit adoption worries, scaling worries, worries about how LN will work, worries about the power/centralization of the miners, etc. I think on some level that all of us share these concerns to some degree. And there is nothing wrong about revisiting these debates from time to time as long as it is honest and agnostic discussion. But the thing that separates these people from the true Bitcoin trolls and alt shills is the fact that they are still pro-Bitcoin. They WANT Bitcoin to succeed and thrive long term. They have no hidden anti-Bitcoin agenda, or trying to covertly shill for an altcoin (BCH). They don't spend every moment with every post spewing anti-Bitcoin propaganda, or slyly trying to strike up a supposedly "agnostic" debate or concern, only to have their real hidden agenda slowly revealed through the way that they are debating (i.e. breadcrumbing, straw-manning, playing dumb, rebuttal of every single point, ignoring valid counter-points, supposedly have the 'real inside knowledge', leading with the sympathy/empathy card, etc.). No common ground is ever found with a troll/shill, because they're not looking to find common ground. They are not looking to have some honest debate. They are trying to disrupt and create an emotional reaction, that is all. And in this forum's case, they are looking to disrupt and dissuade belief in Bitcoin's long term dominance and viability. In fact, they are part of a large scale campaign to do so, and it is reasonable to assume that some of them are getting paid for their effort. The thing that the trolls apparently don't get is we are all too familiar with all of their stupid tactics. The art of internet trolling is well documented and has been around for some time. So they are pretty easy to spot. https://www.reddit.com/r/conspiracy/comments/5wslia/internet_troll_tactics/Some of you guys can engage with the trolls all you want, the rest of us will just put them on /ignore. But please stop trying to 'defend' them and their actions. And if you are so blind that you can't see that they only show up when Bitcoin is falling and BCash is getting pumped, then you need to seek help. |
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