I'm sorry but.... if you can't see that having a 8MB block size immediately created 98% BCH mining centralization (thus killing Satoshi's original vision of a decentralized mining ecosystem), then you are beyond help. Lowering transaction fees will be solved in a different way.



"He who sacrifices freedom [decentralization] for securitytemporarily lower transaction fees deserves neither."

A return for whom? Anyone can create unlimited amounts of shitcoins, whether they are forks of Bitcoin or completely unrelated altcoins, forks of altcoins, ico tokens, complete ponzi tokens, etc.

So these Bitcoin forks are not being created for profit. They are being created for FUD value.

And how much value would this have to you/them if there were 40 separate forks? 400 forks?

Honestly, some of you guys talking about forks having immediate value or being immediate "competition" are just not getting it.

Let's say that the entirety of Facebook's code base was completely open source, and anyone could fork it at any time and create an FB 2.0 with a click of the mouse. So someone does it, claiming that they can make it faster, better, whatever. Let's even say that any holders of the original Facebook stock would get an equal stock 'dividend' of like 10:1 for the new site.

That does not auto-magically give this new FB 2.0 any value at all. Period. There is a whole entire financial ecosystem that goes along with the original Facebook, including the founders, devs, employees, investors, stock holders, stock exchanges, supporting sites, corporate sites, merchants, marketers, ad agencies, etc. etc. The list goes on and on. This ecosystem was built up over a decade or more. Not to mention all the 2 billion users of "the ONE TRUE Facebook" that are not at all inclined to switch to FB 2.0. The are happy and content with continuing to use the original.

Could happen, but I'm not sure what can be done about it. I don't think they should be allowed to settle in cash, bitcoin should be required for settlement. Perhaps this will expose the need for full transparency in trades/settlement. This gives me some hope:

Also, the physical PM market seems to be not giving a crap about where the paper price is going. I've seen physical dealers not budging on $1300+/oz for gold and $17+/oz for silver.

All I ask is they pump it to 10X or 20X first, lol. 

Were you around when Linux was first taking off in the early 2000s? Literally, fly-by-night shoddy companies were popping up everywhere with their own proprietary Linux kernel versions and their own flavors of Linux. Everyone claiming to be the "one true Linux" and trying to take over the core Linux dev team. FUD about Linus Torvalds dev team was constantly flying, chaos was everywhere. HP, Microsoft and Apple were scared shitless, and eventually lost the server market (but sort of "won" the desktop).

All the late comers and crap devs/hacks eventually failed. Open Source Linux kernel eventually reigned supreme.

I don't see all this Bitcoin fork crap as any different. History repeats.

Ethereum is like the Rube Goldberg machine of cryptographic solutions designed to solve a problem that doesn't exist and no one really cares to solve anyway. Outside of providing fuel to pump ICO and MLM Ponzi scams, I'm not even sure why it exists at all.

So the real question is this. At what point in Bitcoin's history do people start to realize that all these contentious, unwanted, and unwarranted forks are simply FUD attacks? None of these forks are majority user-driven or majority user-supported. None of the users asked for them and none of them care.

Bitcoin is not a stock. In the stock market, the made up enemies of a company's stock are like quarterly earnings rumors, worries about competitors, corporate takeover threats, internal shakeups, etc. The FUDsters and shorters use this 'false' FUD to create volatility around certain stocks, but at the end of the day it's all pretty much short term made up bullshit.

Bitcoin is not a company, has no CEO or employees, and has no quarterly earnings. So for the whale FUDsters to create volatility, they need to "create" threats out of thin air, so thus we get unwanted contentious forks, govt banning threats, negative MSM articles, miner hostile activity, glitzy shitcoin ponzi scams (distraction), worry about alts taking away market share (distraction), etc. They used to hack exchanges to create this volatility, but that threat is pretty much over now.

Otherwise Bitcoin would have no enemies and no worries. Zero. Just bullish sentiment and everyone in the industry would be behind it 100%. But this does not work for the establishment. They can't have that, won't allow a feeling of positivity and contentment around Bitcoin. They must create new FUD and attacks every month it is alive.

I'm starting to wonder if we are even going to have a correction of any sort.

The Fed and the world CBs have engineered the most massively manipulated soft-landing that world history has ever seen. I think we already are in a recession since the beginning of 2017, and they are making sure there is no significant crash by keeping interest rates slammed to near 0, continuous money printing, buying up everything, and nationalizing certain mega corps.

They know that a crash or correction now, when the world economy is the most vulnerable, would be devastating and long felt.

What is starting to settle-in though, is rising inflation. So you want to HODL your Bitcoin to outrun that long term. Same with the FAANG stocks, as equities go they're a long term safe bet since the world banks are actively nationalizing them and will keep buying them forever. But know that the FAANG companies will continue their expansion of their worldwide spying game for their govt masters.

I can tell by the smug people in suits and the production values that they are going to fuck so many gullible people over.

I don't get it. Bitconnect, Bitpetite, etc. They are all flat out criminal MLM ponzi scams. Worse than ICOs. And yet even knowing this, people are still falling for them.

Why? Do people like giving their money to criminals? Has no one learned anything since the days of Trendon Shavers? OneCoin?

Yeah, it's sometimes hard to have that vision into the future that others do not. To have an analyst mind and extrapolate current events forward in time and say "Well if things keep going as they are now [wrt something], then in 15-20 yrs it's gonna be pretty much like this..."

And then plan accordingly.

And how about we add the non-existent 2x dev team? One lone wolf idiot programmer that has already abandoned the project is neither a 'dev' or a 'dev team'. How anyone with a brain would see this as the future version of Bitcoin is beyond logic or reason.

Hahahahahahaa!!! So you think by "investor" that he meant a scrub like you?  

Wow, you're so brilliant! What a mastermind you are! How could anyone compete with such intellect??!

Ok, so why don't you prove/demonstrate that his statement is false instead of being the snarky troll you always are.

How comical.

And I suppose they'll time the big drop with SegWit2x FUD, some Goldman Sachs Elliott Wave bullshit chart showing it heading back to $4k, along with trotting out another elitist big bankster Jamie Dimon-wannabe calling Bitcoin "pure fraud tulip bulbs", and perfectly timed with Japan doing an about-face and deciding to ban Bitcoin.  

All on the same day.

So let me get this straight.

The CME Group is supposed to launch Bitcoin futures trading on Nov 14th. Then, "The Idiots Who Shall Not Be Named" are set to launch SegWit2x on Nov 16th.

And everyone thinks this timing is nothing more than coincidental??