on a decision that they were not qualified to make in the first place,
There you go with the elitist thinking again. I am trying to be patient, but this is really offensive. Who, pray tell, IS qualified to make such decisions in a democracy? People who have a clue about the actual consequences, I'd say. I can't speak for K~Ehleyr, but I have been following the Brexit matter closely since the debate started. The urban people, the educated, the young, overwhelmingly voted "Remain". So did some geographical/economical minorities (notably Scotland). The bulk of "Leave" voters were working class folk, afraid because they're losing their jobs to Polish plumbers. They have been lied to, their fears exploited cynically. Now these people see that the foreign plumber isn't going away anyway, but the City workers who used to be their customers at lunchtime or when their expensive shirts needed washing are going away if the government isn't able to negotiate merciful terms. And things look like the they won't be able to. This is not about centralization/decentralization IMO. It's about an open market or a closed market. It's much harder to produce (or keep) wealth in the latter. Some of the uneducated are beginning to realize what happened above their heads, and they aren't going to be happy about that. Nonsense. Sorry but utter utter shyte No need to be sorry for disagreeing. Some more elaborated arguing wouldn't hurt, though. |
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This is not about centralization/decentralization IMO. It's about an open market or a closed market. It's much harder to produce (or keep) wealth in the latter. Some of the uneducated are beginning to realize what happened above their heads, and they aren't going to be happy about that.
Either you're a shill or you're a fool. There Is No Alternative.  I must be a fool, then. |
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on a decision that they were not qualified to make in the first place,
There you go with the elitist thinking again. I am trying to be patient, but this is really offensive. Who, pray tell, IS qualified to make such decisions in a democracy? People who have a clue about the actual consequences, I'd say. I can't speak for K~Ehleyr, but I have been following the Brexit matter closely since the debate started. The urban people, the educated, the young, overwhelmingly voted "Remain". So did some geographical/economical minorities (notably Scotland). The bulk of "Leave" voters were working class folk, afraid because they're losing their jobs to Polish plumbers. They have been lied to, their fears exploited cynically. Now these people see that the foreign plumber isn't going away anyway, but the City workers who used to be their customers at lunchtime or when their expensive shirts needed washing are going away if the government isn't able to negotiate merciful terms. And things look like the they won't be able to. This is not about centralization/decentralization IMO. It's about an open market or a closed market. It's much harder to produce (or keep) wealth in the latter. Some of the uneducated are beginning to realize what happened above their heads, and they aren't going to be happy about that. |
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However, the hostility that you mention comes from the fact that the promoters/camps of these alternate implementations are still trying to proclaim that they are THE ONE AND TRUE Bitcoin, when clearly they are not. Not by longest chain. Not by most popular support from users, merchants, brokers, and exchanges. Not by most mining support. Not by most hashrate. Not by any measure whatsoever.
So the hostility is aimed at their misguided promoters, not at the implementations themselves.
In other words, the forkers want to take control of the rules but keep the name (and value - that is, users, and market cap) of something that was built without them, in a different way, with different expectations: namely, that no single entity of trust of a few entities could take control. The problem I have with this is that the present coven has only one objective in mind: the maximization of short-term miner profit. If this is good for the hodlers, the casual users, or other investors, is immaterial in their agenda. An example: in due time, they could figure out that a hard cap on inflation (the "21 million" ceiling) isn't really necessary to maximize their SHORT TERM profit. They can sell the block reward before the inflation is "felt" elsewhere, or before it is fully felt anyway. Which means an increase in profit: the full reward, or the part of it that hasn't yet been discounted by the market as inflation. Another example: censoring or reversing transactions that they don't like. When mining is really centralized, and miners make the rules, that's entirely possible. Therefore, by Murphy's Law, it will happen sooner or later. You want to send btc to some Chinese colleague of Assange's or whatever? You can't. You want to order a 1M$ mining rig from that rival of mine? Sorry, the transaction will never make it to one of my blocks. I guess I could figure out better examples, but I hope you get the point. That would be the end of bitcoin as we know it. I.E., - quit forking Bitcoin just to make a political statement or to gain more centralized control. It won't work.
Amen. |
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https://www.youtube.com/watch?v=ep4HtGgOdjwThis time bitcoin will split in two. No one can force core nodes to accept 2x part, no matter what miners do. For the price of BTC this is bad of course. The last pump was glorious indeed, but it still is a pump, not a real slow progression in price caused by an increased demand. Not at all! Chinese miners exploited the lack of sell walls in Saturday to pump it to 3K hoping the traders will continue the rise to 4K and then they will sell everything down to 2K again. This time I will cash out and wait until the end of the storm.  Indeed i'm surprised that this Pullrequest hasn't got more attention. Disconnecting from SegWit2x Nodes doesn't sound good to me...  I don't think it's so bad as it looks on paper. SegWit2x is who SegWit2x does. What's the use of staying connected with incompatible nodes that propagate blocks of the wrong size and might shield you from useful, compatible peers? The same could be said on either side - normal nodes and SegWit2x nodes. |
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Fractional reserve is impossible with LN
Ha. Hahaha. Hahahahahahahahaha! You've obviously thought through how the system will naturally evolve. I haven't yet. Waiting for my crystal ball to get back repaired from the factory. It never worked as advertised. However, I have read through how LN works technically. You can't open a channel that's not backed up by hard cash (btc). No promissory notes or other IOUs. You got the btc, you can open the channel - minnow or whale makes no difference. As for future natural evolution, only time will tell. Do you have a forecast to offer? |
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$4.5T in unfunded liabilities is already gone and can't be paid.
More like $107 trillion. http://usdebtclock.org/And that's just the USA. Sad thing is we're falling into the same trap with segwit and off-chain scaling. Right back into the bankers hands. There'll be barely a hickup during the transition to a "Bitcoin"-based economy. What a joke. What do you mean, same trap? Can you explain? Fractional reserve is impossible with LN, and anyone can set up a channel by locking the collateral. Seems like a fresh start. We're being herded back into communal pools. The Bitcoin blockchain allows individuals to remain independent. Segwit and second layers are like taps that will funnel off power away from the blockchain. Ah, I see what you mean now. Indeed, the second layer solutions we have today are akin to dealing with a bank: "I keep the books, that's to you, this I keep" and so on. These solutions are mostly used by exchanges (banks in their own way) after all. LN itself, however, is technically egalitarian in a way similar to bitcoin. Wanna open that channel? Lock 0.05 btc, ok, channel open. You can't transact more than those 0.05 on that channel. This is all I meant when I said fractional reserve is impossible. |
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$4.5T in unfunded liabilities is already gone and can't be paid.
More like $107 trillion. http://usdebtclock.org/And that's just the USA. Sad thing is we're falling into the same trap with segwit and off-chain scaling. Right back into the bankers hands. There'll be barely a hickup during the transition to a "Bitcoin"-based economy. What a joke. What do you mean, same trap? Can you explain? Fractional reserve is impossible with LN, and anyone can set up a channel by locking the collateral. Seems like a fresh start. |
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The way I see it, this update protects plain (segwit) nodes from being cut off from their network if they have their peers.dat stuffed up with 2x nodes at the time of the fork. It also means 2x nodes should be doing more or less the same if they want to be sure to have "useful" peers ready when the time comes. Don't know why Garzik is putting on such a racket about that. |
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BCH Update There have been 223 blocks mined since the hard fork. (784 blocks behind the original chain) The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty. The original chain has grown 791.72MB more than the Bitcoin Cash blockchain. It is currently 55% more profitable to mine on the original chain. Source: https://cash.coin.dance/blocks And I suppose this estimate doesn't even take ASICboost into account? |
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For me I would recommend using spectrocoin or coinizy. Tried both and was not disappointed. Coinizy is easy to use and doesn't really require verification unless you need to exceed the limits. I believe you can also use it to withdraw from ATMs, though I haven't tried that feature yet. Anyway, I think most ATM withdrawals are expensive so I actually avoid them.
Don't recommend Coinizy. They are shady and have a lot of complains about stealing users funds and awful/nonexistent support. I had one of their cards to test out and they simple "stole" $12 from my balance. I sent them a support ticket and they took 6 days to reply me, finally giving my money back (btw, they claim that they answer tickets in 24 hours). Also, if you check the last pages of their BitcoinTalk thread[1], you will see tons of people complaining about lost funds. [1] https://bitcointalk.org/index.php?topic=1624128.660I'm steering clear of this, looks too scammy!  |
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Hello @Gotottack, thanks for chiming in. For me I would recommend using spectrocoin or coinizy. Tried both and was not disappointed. Coinizy is easy to use and doesn't really require verification unless you need to exceed the limits. I believe you can also use it to withdraw from ATMs, though I haven't tried that feature yet. Anyway, I think most ATM withdrawals are expensive so I actually avoid them.
I thought limits for unverified users are lifetime limits, as in an overall cap for all the cards sent to the same address. In other words, if you're unverified, you can throw away your card after spending/withdrawing $1000-$1500. Isn't it so? |
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Meanwhile, Altcash has crept up to $270USD. Excellent news for those of us who continue to hold both currencies.
Hodling that alt thing is for pussies, and bordering treason. I would call it Judascoin. You sound like a conspiracy theorist! D'oh. Of course you do. Sorry, ehm. |
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I feel old.
Come on, that's just "experienced" isn't it? |
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Here's what I hoped for - contrasting experiences/opinions. Thanks @klf and @AdmiralSpot! I'm also using XAPO card for more than two years and so far I'm quite happy with their services. I didn't bother much to compare their charges with other cards because I mostly sell around only $500 per month. So far my maximum withdrawals around 1000$ in a month but never really tried to withdraw high amount at once. Their support team will not immediately reply your queries but within a couple of days, they will surely respond you. I got it for free of charge this card. I suggest you can try this card based on my experience.
Great. Over 2 years! I think I will try and use one. I also have similar amount targets as you, so it would suit me if it works! Do you have any negative experience with limited acceptance? Do the merchants KNOW it's a BTC-based card the money comes from? (Some may shun it just because it's "terrorist money", tut tut.) i had the most problems with Xapo 1-2 years ago, since then I dont use it.
Which problems in particular? Valuable information if you can explain a little better! Thanks to @Skarner21 and @shield132 too. I've read your replies with interest, and you are all helping me decide. |
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These types of cards have certain limitation and might not be valid payment method for international transaction.
Most pre paid Visa Cards are not respected by online merchants and services - for example, you can't buy games on G2A.com with prepaid visa card. Hm, that's what I was (am) afraid of. Getting a useless piece of plastic with good money locked inside that can't be spent easily wherever you want. Using bitcoin directly whenever possible and stick with standard credit/debit card is far better idea IMO.
Problem is, not all merchants accept bitcoin. Besides, it could be a convenient way to get fast cash when abroad. |
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Real quick thread about some Bitcoin debit cards and it's pros and cons[1].
Yes, I'd seen that thread in my initial research phase. It's a useful comparison. Thanks for the heads up, @TryNinja! I posted a request there. If I do get a code, I'll see if I manage to register. |
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No it's wrong. I don't think BTC was ever mined using GPUs. LTC however yes, and ETC/ETH. The ETH bubble until June cause a shortage of GPUs and helped both AMD and nvidia financially. BTC indeed used to be mined with GPUs. And CPUs before that. |
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Hello, I would use your card to spend bitcoin with merchants that do not accept bitcoin. It would get a lot of use if it works, is generally well accepted, and the running expenses are reasonable.
If I receive a promo code and it works well I will post about my experience.
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Give this man a lot of trust rating!
haha thanks just one of the guys that keeps his word  Yes. "Just" that. I also received the award because of my explanation YOOHOOOOHOHOHOHOHOOOO!!  I don't think I'm in a position to rate trust yet. Or am I? |
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