Money has a very distinctive smell. A really good smell. "The smell of money" - even sounds cool.
Bitcoin doesn't smell like anything. Totally sterile. That sucks. This is what I see as the major flaw of Bitcoin.
You call this is a major flaw of bitcoin? Sure bitcoin is not perfect, but this is not a matter. We should focus other thins. |
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No. I seriously doubt that Chinese miners and community will try to reject changes and impose to stay with 1 MB block limit, they want to earn money from bitcoin, not trash it.
They are barking but they will swallow it, after all this split would mean that bitcoin price would go to hell, and then - we all lose.
Only Chinese miners not the community. They may reject, they only take care of their profit. |
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Why is 8M rather than other size?
We still don't know how big size of the block. The most important thing is we should solve this problem forever. We can't do it again after several years later for the same reason.
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We talk about decentralized exchange long time ago. But it still didn't work right now.
I don't think decentralized exchange can replace the centralized exchange. Yes centralized exchange got a lot of problem, but it is still more convenience than decentralized exchange.
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Litcoin is just a pump coin. I am not surprise the price of litecoin is rising at recently. Actually lots of altercoin were pumped at recently. With less money can pump them. but it's not easy for bitcoin. May be it hint that the bear market may be end.  |
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At now, he is right.
Bitcoin just make the early adopt rich, and it's just a zero sum game.
but bitcoin is still in developing. Only the time can tell us the truth.
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I am not surprise that MasterCard attack bitcoin as bitcoin maybe is the killer of mastercard. Bitcoin is another thing. Sure bitcoin is not perfect and there is still a lot of work should be done. But bitcoin has the potential to replace the falt . |
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Are you really stupid or something? Normally I ignore retarded people who indulge in name calling. But I'll give you one more chance, as you seems to be a low-IQ individual. the United States of America is even worse than North Korea.
This words make you are an idiot. Not my words. If you really think so, why don't move into North Korea? Oh, waiting a minute, you just can't enter to North Korea. |
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No, they can't be a Digital Currencies.I think they more like a platform.
Only bitcoin have the chance to be a Currencies.
All the pos coin can't be Currencies as they are unfair.
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I have a few bitcoins and am going to buy a few more in a day or two. Will have some 10+ Bitcoins then. I wanted to know which is the best investment option where I can invest my bitcoins and earn some profits as their is no point of just holding them and let them stay dead in my wallet.
Buy bitcoin and hold it is a investment, and a very risk investment. You want to invest your bitcoin is more risk than that. So just hold it. |
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United States is a dictator country? This is the funnest joke i ever heard.
For me it is not a joke. The United States is a country where individual privacy has no place. The government wiretaps every one, and all the phonecalls, video-chats and emails are rcorded and screened. Even in places such as North Korea, this doesn't happen. In my opinion, the United States of America is even worse than North Korea. Are you really stupid or something? The normal North Korea people even don't have the right to use the internet. You think your privacy is more important than their life? Even your privacy was invasion, at least your life does not be threaten. But for a normal North Korea people, their life was threaten by the government at any time. One of example is a professor was executed because he has be found to watch a DVD TV series produced by South Korea. Their privacy for them is nonsense. Even their usual talking may be reported, which may lead them to be executed. |
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If you believe Chinese can be friend with other countries, you are a fool.
China is a dictator country, they only can buy friends, but never could make a real friends.
You can't be friends with some one if you are don't share the same values. Half of the world nations are under dictatorships, including the United States. Does that mean we should stop doing business with all of them? And I disagree with your argument that "You can't be friends with some one if you are don't share the same values". Take Japan and the USA for example. There is hardly anything similar between these two nations. Still, they are good friends. United States is a dictator country? This is the funnest joke i ever heard. You have no idea to live a real dictator country which means you can speak freedom. So who is the dictator of USA? Obama? I heard lots of people can criticize Obama, every american people can criticize Obama freely. But if you are a Chinese, you criticize the president of China, or the Party of China, I can ensure you, you will be got in jail. That's one of the different. Who tell you Japan and the USA has no common thing? Do you even know the Shinzo Abe's Speech to Congress of USA recently? Forget that, you really know nothing, I realize argue with you is really makes no sense. |
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The Surveillance under the law is not a bad thing.
It's the price we should pay to keep us safe.
Here we go again. This reply is worthless and was made because of *insert signature campaign*. You logic is ridiculous, you wear a signature too. Is that means your reply are all worthless? I do believe the surveillance under the law is necessary. The premise is under the law. Yes privacy is very important for every one, but absolutely privacy is a absolutely bad thing. |
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Is China Floating a China-Euro Currency Bloc?
It will be better for China to keep away from the Euro. The Euro is losing its value day-by-day, and I am sure that the situation will continue in the near future also. I don't think that China will be getting any benefit out of this. Why can't China float a currency bloc with the BRICS nations? India or Brazil can substitute the European Union. You are really naive, my friends. China can't keep away from Euro. We Chinese government do business don't for economic benefits, but for political interests. After Venezuela debt default about $20 billion dollars of China, but we Chinese government continue loan them about $50 billion dollars, for what? Of course we Chinese will lose some money, but we could keep a dictator government of Venezuela. That the Chinese government want. |
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Maybe Russia and brazil but china hates india.
The Sino-Indian relations have seen quite a lot of improvement in the last one year time, ever since Narendra Modi was elected as the Prime Minister of India. The Chinese seems to have realized that they have enough enemies among their neighbors, and may be it is time to woo at least some of them back to their fold. Good relations between the two nations can benefit both the sides. If you believe Chinese can be friend with other countries, you are a fool. China is a dictator country, they only can buy friends, but never could make a real friends. You can't be friends with some one if you are don't share the same values. |
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We even don't believe CNY by ourself. Of course CNY is worse than US dollar. Why the Investment Bank use US dollar, because no one will accept CNY.
Times are changing my friend. The Chinese government have made it clear that they want the CNY to replace the USD as the global reserve currency. And already they have received the support from a large number of other powerful nations for this initiative. For example, Russia is offloading its US Treasury Bonds, and conducting its trade with China in CNY. http://en.wikipedia.org/wiki/Internationalization_of_the_renminbiAnother joke, they want to doesn't mean they can do, right? CNY even can't compare euro and Japanese yuan. Do you think US dollar was replaced by euro or Japanese yuan. Sure, you know,they are not . Russian, do they really want CNY, sure they didn't, they really want is US dollar. It's never changed. I can tell you, CNY is one of the most inflation money in the world. the exchange with US dollar can be keep stable because CNY is not a free exchange rate money . Who accept CNY is a fool . |
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The Surveillance under the law is not a bad thing.
It's the price we should pay to keep us safe.
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The world needs some push back to Uncle Sam for sure, just can't imagine major players trusting China. Remember, when the USA got it's rating downgraded, the dollar got stronger.
The United States is taking undue advantage of the status of USD as the world's reserve currency. Now it is time to end that. I don't know whether CNY will be any better than the USD or not. But for sure, it can't be worse than the US Dollar. And we need multiple reserve currencies instead of a single one. Other important currencies such as JPY, RUR, EUR, CHF, AUD, INR, UKP, CAD.etc should be given the same status as the USD, and the international trade should be conducted in them. You got be kidding me. We even don't believe CNY by ourself. Of course CNY is worse than US dollar. Why the Investment Bank use US dollar, because no one will accept CNY. Do you know the mechanism to issue CNY? Of course, you don't. I don't know too because it's the top-secret of the government. At least, the mechanism to issue US dollar is transparent. How can you trust a currency when you don't know the mechanism to issue it? |
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Why would miners change to 20MB blocks if they are geting revenues from fees?
If they don't change they will have more revenue as consumers will be forced to higher fees
Good point. One of worst things of bitcoin is the miner. They do have the right to refuse to update the block size. And they are the one who decide to update or not. As a bitcoin holder, if you are not a miner, you only can do it wait. you can'd decide anything. The right of miner are too big. |
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I was wondering why don't we use innovations done with altcoins to create a new crypto with features that 100% of bitcoiners/exchanges/miners will agree with, that answers all of the scalabilty issues/others that might occur in the future and call it the new bitcoin?
few features that i think would gain the large majority
- fully decentralized
- high number of transac/sec
- low transactions fee
- instant or near instant transaction speed
the 2 most important as i see it being
- fully decentralized
- high number of transac/sec
maybe im missing something?
*this post has been edited
We just can't. We are hardly to make something fully decentralized. The mining of bitcoin will be centralized, it is inevitable. Every one is mining is not good as we image. If we want decentralized, which means we need time to be consensus. |
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