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Update:
As it stands today at this moment, the Bitcoin volatility index reads:
3.6% the latest 30-day volatility estimate
5.5% the latest 60-day volatility estimate
What should I do?
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Jeff Garzik is another frustrated loser developer that wouldn't get his bullshit approved in Bitcoin so he had to leave and go work against bitcoin, with his Bloq blockchain analysis thing, and now he wants his 5 minutes of fame with the Segwit2x thing trying to bribe all miners and merchants with gov money.
Notice how developers that also didn't cut it and his commits weren't acknowledged left and went working with gov related stuff (Mike Hearn with R3, Gavin Andresen with CIA) and they also promoted their hardfork attempts (XT, Classic, Unlimited...)
We all know what's going on here.
Informative, thank you. |
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Nonsense. Someone invented Bitcoin so where is this person? Why all the mystery? Why being anonymous? Serious grown up people will think this is a speculative bubble kept up by major Bitcoin holders
<snip>
Educated, mathermatically-minded, Serious grown up people around the world have steadily invested and increased said investments to the tune of over $66 Billion USD equivelent as they see store of value.Bitcoin is not anonymous, and has no mystery - it is a open blockchain with EVERYTHING RECORDED in an honest open, secured ledger. Criminals use cash and private shell companies to expense invoices using Big Bank Swift network for wires - most world crime happens via fiat using traditional banks. Sometimes small crimes are committed by complete idiots out in the open to be tracked and found easily via bitcoin. More criminals can be caught if they use bitcoin more instead of cash. What do you guys think about this?
No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength. Agreed. No, no no. People can say what they want about bitcoin, but it doesn't make it true, and 'we' as the bitcoin community have no duty to sway public opinion. This is a currency, and 'we' are but users of that currency. Didn't there used to be a Bitcoin Foundation that ended up being corrupt as hell? That's exactly what would happen, or similar, if it's tried again. We don't need such a thing and I vote for no. Have to agree with Habbear, Pearls Before Swine, tailwang above. When it comes to bitcoin; China's central authority is becoming irrelevant. Jamie Dimon is becoming irrelevant (we all see the uneducated irony of his statements today) All the world's largest banks who have been blocking any disclosed/open bitcoin transactions/businesses since 2013 are irrelevant. Any attempts of government regulations / legalizations are irrelevant. Bitcoin hit escape velocity back in 2013 (4 years ago) and has been strengthening ever since. It's 10 year anniversary is not too far away. Truth is, Bitcoin is secure because of all of its dynamics (decentralized, open-source, immutable, secure, store of value, long established, system-of-balance: miners vs developers vs users). There is no other financial asset on earth (fiat, stocks, gold, or real estate) that can beat the store of value that is Bitcoin. A globally scarce financial asset is above $66Billion and still considered tiny and newly emerging. |
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lol Regulars must have read the news? - what are your thoughts? lol https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoinBtw Blythe Masters was trying to bring Wall Street into Blockchain and then there is this dude slamming BTC. Argument I keep hearing are "terrorist use it" "money laundering" - if that's the case ,terrorists also used airplane, let's ban air travel - they also use cash ,let's ban cash altogether (yes, there is a war on cash) , they use guns , let's ban guns. However, gun industry (defense sector) and airlines have massive pockets. I feel like all this is happening because right now banks can't find a way to charge for each transaction hence-one way or the other trying to throw dirt on it. However, what do I know. I'm a newbie. LOL HAHAHAHAHAAHAHAHAA!!! When it comes to bitcoin; China's central authority is becoming irrelevant. Jamie Dimon is becoming irrelevant (we all see the uneducated irony of his statements today; global fiat inflation-15to20%/yr) All the world's largest banks who have been blocking any disclosed/open bitcoin transactions/businesses since 2013 are irrelevant. Any attempts of government regulations / legalizations are irrelevant. Bitcoin hit escape velocity back in 2013 (4 years ago) and has been strengthening ever since. It's 10 year anniversary is not too far away. Truth is, Bitcoin is secure because of all of its dynamics (decentralized, open-source, immutable, GLOBAL, secure, store of value, long established, system-of-balance: miners vs developers vs users). There is no other financial asset on earth (fiat, stocks, gold, or real estate) that can beat the store of value that is Bitcoin. hahaha. |
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What do you guys think about this?
No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength. Agreed. No, no no. People can say what they want about bitcoin, but it doesn't make it true, and 'we' as the bitcoin community have no duty to sway public opinion. This is a currency, and 'we' are but users of that currency. Didn't there used to be a Bitcoin Foundation that ended up being corrupt as hell? That's exactly what would happen, or similar, if it's tried again. We don't need such a thing and I vote for no. Have to agree with Habbear, Pearls Before Swine, tailwang above. When it comes to bitcoin; China's central authority is becoming irrelevant. Jamie Dimon is becoming irrelevant (we all see the uneducated irony of his statements today) All the world's largest banks who have been blocking any disclosed/open bitcoin transactions/businesses since 2013 are irrelevant. Any attempts of government regulations / legalizations are irrelevant. Bitcoin hit escape velocity back in 2013 (4 years ago) and has been strengthening ever since. It's 10 year anniversary is not too far away. Truth is, Bitcoin is secure because of all of its dynamics (decentralized, open-source, immutable, secure, store of value, long established, system-of-balance: miners vs developers vs users). There is no other financial asset on earth (fiat, stocks, gold, or real estate) that can beat the store of value that is Bitcoin. |
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He did his best to change an era, but was drowned out in the cacophony of voices.
At the very least he did plant a ripple that could turn into a wave for changes in the future.
89 Exemplify
To those on the forum, curious (snip of wikipedia): Liu Xiaobo (Chinese: 刘晓波, 28 December 1955 – 13 July 2017) was a Chinese literary critic, writer, poet, anti-communist, human rights activist and Nobel Peace Prize laureate who called for political reforms and was involved in campaigns to end Communist single-party rule.[2] He was incarcerated as a political prisoner in Jinzhou, Liaoning.[3][4][5] On 26 June 2017, he was granted medical parole after being diagnosed with terminal liver cancer and he died in hospital on 13 July 2017.[6]
Liu rose to fame in literary circles with his literary critiques and he eventually became a visiting scholar at several overseas universities. He returned to China to support the 1989 Tiananmen Square protests and was imprisoned for the first time from 1989 to 1991 and again from 1995 to 1996 and he was imprisoned for the third time from 1996 to 1999 for his involvement in the democracy and human rights movement. He served as the President of the Independent Chinese PEN Center, from 2003 to 2007. He was also the president of Minzhu Zhongguo (Democratic China) magazine since the mid-1990s. On 8 December 2008, Liu was detained due to his participation with the Charter 08 manifesto. He was formally arrested on 23 June 2009 on suspicion of "inciting subversion of state power".[7][8] He was tried on the same charges on 23 December 2009,[9] and sentenced to eleven years' imprisonment and two years' deprivation of political rights on 25 December 2009.[10]
During his fourth prison term, Liu was awarded the 2010 Nobel Peace Prize for "his long and non-violent struggle for fundamental human rights in China".[11][12][13][14]
Liu was the first Chinese citizen to be awarded a Nobel Prize of any kind while residing in China.[15] He was the third person to have been awarded the Nobel Peace Prize while in prison or detention, after Germany's Carl von Ossietzky (1935) and Burma's Aung San Suu Kyi (1991),[16] and the second person to have been denied the right to have a representative collect the Nobel Prize for him and to die in custody, with the first being Ossietzky, who died in Westend hospital in Berlin-Charlottenburg after being detained in a Nazi concentration camp.[17] https://en.wikipedia.org/wiki/Liu_Xiaobo |
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<snip>
i personally want bitcoin to do what it should. which reality is showing is failing/stagnating.. even if you think you can fudge reality, people can see through it.
<snip>
Hi franky1, I'm curious, what is it that you think bitcoin is not doing as it should? (is it only fees or something else?) The reason why I ask is because from my vantage point, bitcoin has been an astounding dominating success - and secured its position for strength for the decade to come as the leading secure store of value option for us globally. But, I gather you must clearly disagree with my statement. Right? |
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(snip)
Now the problem is if Segwit is introduced along with "backdoor" (via a hardfork) fishiness spawned from the Barry Silbert DCG camp (Jeff Garzik).
I never realized that there were so many Bitcoin-related companies that aimed to get established and then undermine & destroy Bitcoin (the Digital Currency Group Companies / Barry Silbert). But the good news is that there is a whole many more Bitcoin-related companies that are good and not trying to undermine Bitcoin. This makes alot of sense why the bankster-backed Barry Silbert/DCG has a USA-traded public fund to kind-of track Bitcoin out (GBTC), however the Winklevoss twins has been petitioning SEC for years along with legal support and haven't been able to get their fund out. Atleast they have the gemini exchange. Almost every bank in every country tends to block or deny doing business with anything related to Bitcoin, however all the consortium of businesses under DCG seem to get banking with no problem? hmmm? PSA: should extend announcement of take your business somewhere else. Use a different fund than GBTC. Use a different exchange than Coinbase. Unless if you would like to see Bitcoin's demise and fall - then use GBTC & Coinbase. |
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Exactly. When it comes to bitcoin; China's central control is becoming irrelevant. Jamie Dimon is irrelevant. All the world's largest banks who have been blocking disclosed/open bitcoin transactions/business are irrelevant. Any attempts of government regulations / legalizations are irrelevant. Bitcoin hit escape velocity back in 2013 (4 years ago) and has been strengthening ever since. It's 10 year anniversary is not too far away. |
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I wasn't on Bitcointalk when this happened, but it sucks and i hope the OP got his money back. It terrifies me how the bank and the govt can take your money when they need it. I guess if I had that much money I wouldn't put it all in the same bank account.
First mistake, its not your money. All our national currencies are central banking operated. So the capital value is decided by a central point, top down system. If they want to make your money worth zero they can do it, 'For the greater good' Actual capitalism, that ancient mystical fabled system of worth is not what we have exactly. It'd be nice to hear this opinion sometime but nobody on tv or newspaper will ever say it, capital distributed by the people and with the people is what capitalism actually is. Central banking has a relation to communism, if you look up the origins of the USSR it can found there as a system that favours that 'greater good' idea where they can just overnight change your paper to favour a bank. That can happen now, the reason it does not is because it'd upset the perception of value. Disorderly markets is a fear of the FED but also it might bring on reforms that threaten the FED itself, clearly the FED is a failure with 2008 likely to repeat it does not dispel failed market systems it can cause them. So the shift of value from people to a central point of control is down gradually, Cyprus is a more obvious failure by central banking but its a general policy to do similar gradually. QE favours the central banks, inflation and the gov bond system is the justification for all these measures. Government will take care of the people but it must take money in order to do so. This guy losing his 700k was an involuntary donation to the state. In some ones mind out there it is justified. Lets hope they used his money wisely but we know government loses money constantly. Inefficient in everything it does, sometimes corrupt sometimes incompetent. He got poor value for his citizenship sadly  BOOM, STT gets it. |
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(snip)
Now the problem is if Segwit is introduced along with "backdoor" fishiness spawned from the Barry Silbert DCG camp (Jeff Garzik).
I never realized that there were so many Bitcoin-related companies that aimed to get established and then undermine & destroy Bitcoin (the Digital Currency Group Companies / Barry Silbert). But the good news is that there is a whole many more Bitcoin-related companies that are good and not trying to undermine Bitcoin. This makes alot of sense why the bankster-backed Barry Silbert/DCG has a USA-traded public fund to kind-of track Bitcoin out (GBTC), however the Winklevoss twins has been petitioning SEC for years along with legal support and haven't been able to get their fund out. Atleast they have the gemini exchange. Almost every bank in every country tends to block or deny doing business with anything related to Bitcoin, however all the consortium of businesses under DCG seem to get banking with no problem? hmmm? Barry Silbert and Jamie Dimon not too different. LOLing at today's headline: JPMorgan CEO Jamie Dimon says bitcoin is a fraud that ... - CNBC.comhttps://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.htmlContrasted with Morningstar performance list even with (Silbert's fake not-real) Bitcoin fund blowing away even the best leveraged investments in history:  http://news.morningstar.com/etf/Lists/ETFReturns.html |
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Since Bitcoin has reached escape velocity back in 2013 (no government and no banks can ever shut it down), there have been many scare tactics to subvert Bitcoin OR to shake weak-handed newbies from their BTC.
Today's headline (and there'll be plenty more from banks/ceos/governments as the future years come -yet bitcoin will grow and grow);
"JPMorgan CEO Jamie Dimon says bitcoin is a fraud that ... - CNBC.com"
Courtesy of Comcast/General Electric companies.
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(snip)
Now the problem is if Segwit is introduced along with "backdoor" fishiness spawned from the Barry Silbert DCG camp (Jeff Garzik).
I never realized that there were so many Bitcoin-related companies that aimed to get established and then undermine & destroy Bitcoin (the Digital Currency Group Companies / Barry Silbert). But the good news is that there is a whole many more Bitcoin-related companies that are good and not trying to undermine Bitcoin. This makes alot of sense why the bankster-backed Barry Silbert/DCG has a USA-traded public fund to kind-of track Bitcoin out (GBTC), however the Winklevoss twins has been petitioning SEC for years along with legal support and haven't been able to get their fund out. Atleast they have the gemini exchange. Almost every bank in every country tends to block or deny doing business with anything related to Bitcoin, however all the consortium of businesses under DCG seem to get banking with no problem? hmmm? |
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There's been much hysteria during 2017 re: coming-deadlines....the first earlier this year around March, and the other being the looming Aug. 1, 2017,
What is the probability that nothing happens...normal Bitcoin stays Bitcoin and most hashing power remains with normal Bitcoin?
You are looking at the immediate consequences. But bitcoin has earned its credibility in the last 8 years. Of course there is inertia. All of the events listed does not add credibility of bitcoin and can really kill the credibility. That is a great point, Bitcoin has been so entrenched and well-established that its King status will never go away. Bitcoin's 10 year anniversary is not that far away and that will be a nice milestone. |
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This thread is all over the place.I see you that you are not a Segwit supporter,but what can you do to stop it?
Who is Jeff Garzik?I`m sure that there will be other hard forks,but this is actually good for btc ,because all the "anti-bitcoin core" supporters will go away and the community will stay united.
So you think that Segwit is just a way to destroy btc anonymouty and catch all the bitcoin owners?
This is pretty interesting.
\\ Not my intent, I apologize. Segwit or its alternative is good in that it can fix transactions mutations (malleability) for transaction channels - ie for Lightning Network (LN). LN seems positive. Now the problem is if Segwit is introduced along with "backdoor" fishiness (via a hardfork) spawned from the Barry Silbert DCG camp (Jeff Garzik). |
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I became less worried after finding this list: http://segwit.party/nya/I first thought that services can't go back because they actually signed something, now we currently have 3 services who changed their decision and I'm optimistic to see more, I don't see them risking their reputation and money If they see that the community is not supporting them. Both lists very helpful. Thank you Last of the V8s and thank you OmegaStarScream |
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Does anyone think Bitcoin wont get attacked? Or Bitcoin hasn't been attacked? Does anyone here think attackers of Bitcoin would use media or social-media ("community" urgency)? People, please stay educated and be mindful of software you are supporting to run a full node. Although altcoins of XT, Bitcoin Unlimited, Bitcoin Cash, etc have failed to take-over real Bitcoin, please don't be complacent with ramifications of future hard-forks. From Chainalysis now Skry now Bloq now Segwit2x (Jeff Garzik):
Founded in 2014, Chainalysis is the leading provider of Anti-Money Laundering software for Bitcoin. With offices in New York and Copenhagen, we work with global financial institutions, like Barclays and Bitcoin exchanges to enable every stakeholder to assess risk in this new economy. credit: baronofbitcoin Opens door for AML, easy identification, etc. Things so traditional authorities identify you, classify you, and shut you down, FREEZE YOUR ASSETS, lock you up. Just because they don't like you for not supporting the traditional Bank Swift network or a Bankchain. From AdwokatDiabel (reddit): ...Core won't make software/nodes to support Segwit/2X. When they do push lightning, they will only focus on their chain. Everything for SW/2X is going to be done by the BTC1 team (Jeff Garzik).
At that rate, why not just abandon SegWit altogether and focus on BCC/BCH, and implement an alternative to SW like FlexTrans? Fire Core, right?
PSA: Beware of S2xGarzik-Coin hardfork (and similar failures ie Garzikcoin aka BIP 100, Bitcoin Unlimited) These attacks of using "community" urgency have been relentless since 2015:  Bitcoin's consensus system and natural economic incentives PROTECT the real bitcoin. Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.
So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.
There certainly will be if the present percentage of miners pushes it through. Corecoin would have to change PoW to stand a chance of being usable. It would slow to a crawl if it lost that much mining power. Bitfury is already having second thoughts about the New York Agreement. You will see the first mining camps start defecting from the agreement after segwit locks in. In any case, it's irrelevant. Whales will dump on GarzikCoin, killing the price and thus forcing them to go back to mining the legacy chain. GarzikCoin doesn't stand a chance and will become another dumb altcoin, and everyone involved will be forever hated because they will be responsible of crashing the price in the middle of an all time high for no reason other than rushing a hardfork for an unnecessary blocksize increase while putting Jeff Garzik, someone that works in a blockchain spying tool, in charge.Repeated History: Reading references (emphasis mine); http://www.contravex.com/2015/08/29/the-economics-of-sinking-garzikcoin-aka-bip-100/Adam T. says: August 30, 2015 at 8:49 AM “pre-emptive strike” — best characterization I’ve seen yet to describe the odd feeling of urgency from certain parties.Reply Pete Dushenski says: August 30, 2015 at 10:11 AM Odd indeed. Almost like these overgrown children seriously imagine that Bitcoin didn’t reach escape velocity 2.5 years ago and that they can rewrite history if only they obtain enough “consensus” on social media. Must suck to think that’s how the world works.  Do people know why Bitcoin is worth over $70B (now) and aware of its system of consensus, and system of checks & balances between miners, nodes, developers and users/investors? |
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Bitcoin is the right pick. Whether the price of bitcoin increases or decreases never think about it, just invest into it. In my thinking only the user who have trusted and invested into it has profited big. The earlier we invest into bitcoin the biggest will be the profit we make with respect to time.
It's more than just invest: 1) Must educate 2) and be engaged against attacks For example, here is a PSA I would give for a small example of an attack on Bitcoin; PSA: Beware of S2xGarzik-Coin hardfork (and similar failures ie Garzikcoin aka BIP 100, Bitcoin Unlimited) These attacks of using "community" urgency have been relentless since 2015: From Chainalysis now Skry now Bloq now Segwit2x (Jeff Garzik): Founded in 2014, Chainalysis is the leading provider of Anti-Money Laundering software for Bitcoin. With offices in New York and Copenhagen, we work with global financial institutions, like Barclays and Bitcoin exchanges to enable every stakeholder to assess risk in this new economy. credit: baronofbitcoin Opens door for AML, easy identification, etc. Things so traditional authorities identify you, classify you, and shut you down, FREEZE YOUR ASSETS, lock you up. Just because they don't like you for not supporting the traditional Bank Swift network or a Bankchain. Bitcoin's consensus system and natural economic incentives PROTECT the real bitcoin. Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.
So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.
There certainly will be if the present percentage of miners pushes it through. Corecoin would have to change PoW to stand a chance of being usable. It would slow to a crawl if it lost that much mining power. Bitfury is already having second thoughts about the New York Agreement. You will see the first mining camps start defecting from the agreement after segwit locks in. In any case, it's irrelevant. Whales will dump on GarzikCoin, killing the price and thus forcing them to go back to mining the legacy chain. GarzikCoin doesn't stand a chance and will become another dumb altcoin, and everyone involved will be forever hated because they will be responsible of crashing the price in the middle of an all time high for no reason other than rushing a hardfork for an unnecessary blocksize increase while putting Jeff Garzik, someone that works in a blockchain spying tool, in charge.Repeated History: Reading references (emphasis mine); http://www.contravex.com/2015/08/29/the-economics-of-sinking-garzikcoin-aka-bip-100/Adam T. says: August 30, 2015 at 8:49 AM “pre-emptive strike” — best characterization I’ve seen yet to describe the odd feeling of urgency from certain parties.Reply Pete Dushenski says: August 30, 2015 at 10:11 AM Odd indeed. Almost like these overgrown children seriously imagine that Bitcoin didn’t reach escape velocity 2.5 years ago and that they can rewrite history if only they obtain enough “consensus” on social media. Must suck to think that’s how the world works. |
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Hacks. Barry Silbert companies again tainting a good thing of segwit into hardfork-backdoored-altcoin:
PSA: Beware of S2xGarzik-Coin hardfork (and similar Silbert DCG-backed failures ie Garzikcoin aka BIP 100, Bitcoin Unlimited) These attacks of using "community" urgency have been relentless since 2015: People, please stay educated and be mindful of software you are supporting to run a full node. Although altcoins of XT, Bitcoin Unlimited, Bitcoin Cash, etc have failed to take-over real Bitcoin, please don't be complacent with ramifications of future hard-forks. From Chainalysis now Skry now Bloq now Segwit2x (Jeff Garzik): Founded in 2014, Chainalysis is the leading provider of Anti-Money Laundering software for Bitcoin. With offices in New York and Copenhagen, we work with global financial institutions, like Barclays and Bitcoin exchanges to enable every stakeholder to assess risk in this new economy. credit: baronofbitcoin s2x-garzikcoin: Opens door for AML, easy identification, etc. Things so traditional authorities identify you, classify you, and shut you down, FREEZE YOUR ASSETS, lock you up. Just because they don't like you for not supporting the traditional Bank Swift network or a Bankchain. Bitcoin's consensus system and natural economic incentives PROTECT the real bitcoin. Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.
So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.
There certainly will be if the present percentage of miners pushes it through. Corecoin would have to change PoW to stand a chance of being usable. It would slow to a crawl if it lost that much mining power. Bitfury is already having second thoughts about the New York Agreement. You will see the first mining camps start defecting from the agreement after segwit locks in. In any case, it's irrelevant. Whales will dump on GarzikCoin, killing the price and thus forcing them to go back to mining the legacy chain. GarzikCoin doesn't stand a chance and will become another dumb altcoin, and everyone involved will be forever hated because they will be responsible of crashing the price in the middle of an all time high for no reason other than rushing a hardfork for an unnecessary blocksize increase while putting Jeff Garzik, someone that works in a blockchain spying tool, in charge.Repeated History: Reading references (emphasis mine); http://www.contravex.com/2015/08/29/the-economics-of-sinking-garzikcoin-aka-bip-100/Adam T. says: August 30, 2015 at 8:49 AM “pre-emptive strike” — best characterization I’ve seen yet to describe the odd feeling of urgency from certain parties.Reply Pete Dushenski says: August 30, 2015 at 10:11 AM Odd indeed. Almost like these overgrown children seriously imagine that Bitcoin didn’t reach escape velocity 2.5 years ago and that they can rewrite history if only they obtain enough “consensus” on social media. Must suck to think that’s how the world works. |
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