Typical false narrative leading headline. The ban is ICOs, not crypto sales. |
|
|
|
As an aside, since nothing is happening and we are bored, let's have a little philosophical kerfluffle. What is the difference between genius and insanity?
Answer: How much money they can make for their ideas. Good point. See: Tesla vs. Edison. One of these two was a good businessman, and the other is still regarded as a kook. Kook? I'm quite happy I don't travel in your circles. (Note: one of these guys actually has a fundamental SI unit named after him. The other one's name has been used for a form of plug.) |
|
|
|
The point being that even with strength of 18/00 and a bag of holding, you can only carry so much coin around with you. Not to mention that it makes you a really fat target.
So the use of commodities money like silver and gold pretty much leads to the invention of banking, hawala, and consequently lending and fractional reserve system.
Just try to carry around 15~20 kg of silver or gold around with you, like a monster box of 500 Eagle or Maple around for a week and see what happens. I have done so and it is quite enlightening.
You can immediately see why people want to store this somewhere and not want to carry it around for trade. It is far easier to to get that "Letter of Credit" and present it to the local branch of some banking serve for delivery of goods at the port rather than haul so much metals around.
Naturally with "custodial" banking, it does not take a genius to start lending out these "dead weight money" with some sort of fractional reserve system and try to make some money on the side.
Edit. This does not mean that some genius won't find a way to start a credit system with crypto, like Ripple is trying to do. You could have an IOU system build on top of PoW crypto using BTC as reserve.
While a partial reserve system could be built atop crypto, unlike with PMs, there is no incentive for someone to accept such derivatives. Yes, carrying your gold or silver around with you all the time can be an imposition. Which is probably the primary force that gave rise to partial reserve systems. In contrast, it is no easier to hold crypto derivatives than it is to hold the crypto itself (i.e. the private keys). As such, absolutely no incentive for owners to accept a derivative IOU in lieu of the real thing. |
|
|
|
The government WANTS you to buy bitcoin and doesn't try to stop it at all (except Chinese capital flight), and instead tries to manipulate metals and prevent people from investing in those.
Well, except for the US Mint directly coining Eagles and the US Treas selling them to people. I guess. |
|
|
|
Three kids, two grandkids here. Each an owner of a paper wallet with a number of bitcoins. I send another dose to each address from time to time.
You said bitcoins, not bitcoin cash coins. I'm sure that you meant Bitcoin Cash (BCH), correct? Right? Riiiight? They have both Bitcoin Segwit and Bitcoin Cash. As have all addresses untouched since the split. Right? Riiiight? After all, as a true Bitcoiner, I imparted the wisdom to HODL. Don't you mean a true Bitcoin Casher? No, I mean true Bitcoiner. For I believe that ultimately, Bitcoin Cash will be universally recognized as the One True Bitcoin. Indeed, by one definition (greatest block height on the Satoshi genesis block), it already is. I can, however, understand a preference for another definition - greatest accumulated proof of work on the Satoshi genesis block - might be a better definition. We have a bit to go here. But not much, in the grand scheme of things. Don't you remember yourself spending months on this thread belittling, condescending and trolling anyone who wasn't onboard with BCH and 8mb blocks?
Quite frankly, no. I remember advocating strongly the position that Bitcoin Cash is the One True Bitcoin. I'm pretty sure that any "belittling, condescending and trolling" that I engaged upon was only in reply to similar treatment from others who strongly disagreed. I think every instance where I was treated with respect, I replied in kind. There may have been a weak moment or two where I was the instigator of hostilities, but I don't recall any. Oh wait, I see. So you don't really *believe* in BCH, otherwise by now you would have dumped all your Bitcointm for more BCH and told your family to do the same.
Well, you are again incorrect. As far as my personal holdings, I have previously divulged here that I have been diversifying incrementally from Bitcoin Segwit to Bitcoin Cash, and that while I hold a vastly higher quantity of Bitcoin Cash than Bitcoin Segwit, the USD value thereof is (still) tilted to the Bitcoin Segwit side. (Incidentally, a trademark is inimical to a decentralized application. Who is it that holds the trademark that you are asserting?) As far as what my offspring do with their holdings, that's their business, not mine. In light of the fact that they are still holding every unit I have given them since years indicates that they are in no hurry to split their holdings at this point in time. What makes you think this is a proper concern of yours? Gotcha. Troll. But y'know, its cool...Roger didn't dump all his Bitcoin tm for BCH either... like way less than 10%. Birds of a feather and all that.  (fkn hypocrites)Speaking of "belittling, condescending and trolling"... |
|
|
|
What the hell is going on?
A self important autist is publicly ragging on a website due to its owner's preference for open choices for all. In other words, nothing. |
|
|
|
In fact we already did from $4950 crashed to $2950, but it has recovered thus far.
I have a hard time thinking of a drop to a level that was an all time high less than two months ago as a 'crash'. |
|
|
|
Three kids, two grandkids here. Each an owner of a paper wallet with a number of bitcoins. I send another dose to each address from time to time.
You said bitcoins, not bitcoin cash coins. I'm sure that you meant Bitcoin Cash (BCH), correct? Right? Riiiight? They have both Bitcoin Segwit and Bitcoin Cash. As have all addresses untouched since the split. Right? Riiiight? After all, as a true Bitcoiner, I imparted the wisdom to HODL. |
|
|
|
Children are not good investment.
That depends how you look at it. My mother once said that children are an investment and grandchildren are the dividends. I thought you were the inveterate bachelor? How's mom feel about that investment? Returns from siblings? Three kids, two grandkids here. Each an owner of a paper wallet with a number of bitcoins. I send another dose to each address from time to time. |
|
|
|
There was a list of tweets yesterday, with screen grabs from some of the most significant Bitcoin Core developers, where each one said they would refuse to work on 2x, they will probably quit Bitcoin altogether. (sorry I don't have the reference).
That belies a lack of belief in what they are doing. If they are so cock-sure that they are in the right, why would they not continue on developing their minority fork? After all, if they are right, the world will certainly catch up after some time. In all my years of dev'ing, I have frequently run across situations where the devs though the users 'just didn't understand', while the users thought the devs 'just didn't understand'. Nearly universally, it has been the devs that were in the wrong. For in the end, it is the users that choose what they will accept. |
|
|
|
It's not 1MB to 2MB. It's more like ~4MB to ~8MB.
orly? What percentage of blocks since SegWit activation have been 4MB? The developer(s?) on the 2x Team don't seem to be able to tell the keyboard from the screen.
You're gonna go with that? You realize jgarzik is the lead btc1 dev, right? He's contributed more to Bitcoin than have most core devs and most blockstream devs. Not to mention his huge contributions to Linux before Bitcoin even existed. Your contributions for comparison? And the team don't seem to care much about censorship resistance, either.
Bald assertion lacking supporting evidence. Node operators, besides trusting the 2x Team to do the right thing technically, must be WANTING to take that step. I, for one, am not.
You're free not to take that step. Careful you don't end up standing exposed in the vast minority. Cold out there. But I see you're a legendary member, so you know all this. You trollin' me, man?
You trollin' me, man? |
|
|
|
...Coinfloor...
...coinfloor... ...Coinfloor... I am puzzled why you are responding to a subthread discussing coinfloor as if it is an altogether different topic. That said, I'll go with the flow: If China bans mining, what happens to Jihan's operations? Is Jihan in China or HK?
Wouldn't he be up the creek if he got shut down?
Do you have reason to believe that he would not be able to move operations to other shores? Wouldn't that crush BCC?
No more so than it would crush Bitcoin Segwit. Bitmain ships the overwhelming majority of all Bitcoin mining ASICs, last I checked. In fact, BCH is much more resilient to step function drops in hashpower than is BTC. |
|
|
|
Very bullish. Jihan says "flippening".
Jihan talks shit [fake-news.jpg] In my experience, when people start lying to make a point, it typically belies a weak position. |
|
|
|
^ Damn, I made account there for nothing then! *lol* Looks like Coinfloor will be then.  Have you ever used coinfloor and are they any good ? I know they are a UK exchange which is better for me since i'm guessing that they will pay in GBP (are you from the UK ?) I understand Nefario may no longer be at Coinfloor. However, their founding had him in a significant role. I wouldn't trust their judgement, personally. |
|
|
|
I'll admit. I got greedy. I lost over 1300 Bitcoins in that fiasco. In principal - several times that if we include my (so-called) gains.
... well that explains a lot, your grasp of economics is as shit as I suspected ... you got lucky, not greedy chump. Dude, do you even ponzi? I'm quite comfortable with my current position. How's your dream acquisition process going? |
|
|
|
I'll admit. I got greedy. I lost over 1300 Bitcoins in that fiasco. In principal - several times that if we include my (so-called) gains.
... well that explains a lot, your grasp of economics is as shit as I suspected ... you got lucky, not greedy chump. ...classy |
|
|
|
What about adopting a parrot? We are all pirates, after all. This way we can save our fingers some effort.
Way back machine engaged. https://i.imgur.com/lKKfpQV.pngThis post was brought to you courtesy of the way back machine. The way back machine. It takes you way back. I'll admit. I got greedy. I lost over 1300 Bitcoins in that fiasco. In principal - several times that if we include my (so-called) gains. Not much for nostalgia on that one. |
|
|
|
New info from tweet above - evidently, the previous announcement of block height is no longer valid. Do your own due diligence - I'm merely posting what I see. CriptoMonedas TV @CriptoMonedasTV 12h12 hours ago
Replying to @btcgpu
Wait, it's not on block 487427 as previously announced?
Bitcoin Gold @btcgpu 12h12 hours ago
No, we have postponed the fork day to October 25. More time to spread awareness & let more people buy #bitcoin for the free #bgold dividend.
CriptoMonedas TV @CriptoMonedasTV 12h12 hours ago
Have you determined the block number for the fork?
Bitcoin Gold @btcgpu 12h12 hours ago
Not the precise block number yet. |
|
|
|
|
Show Posts
