Ja hab ich gestern schon gepostet ... Grmbl... Ich lese doch eigentlich immer alles hier, schon seit 2011.... Mea culpa
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because bitcoin will fail in the real world
bitcoin is associate with scam to the general public
...so was the internet in the beginning. so what?
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Das grosse Problem, das ich sehe, ist, dass niemand von der small Block Fraktion wirklich von und mit bitcoin lebt, also z.B. wesentlich nur in bitcoin bezahlt werden und auch selber bezahlen. Wäre dies so, dann hätten wir / sie längst die Skalierung gelöst.
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Tell me if I m wrong, but to me Satoshi and Bitcoin is all about facts, consensus and united community - nothing to do with individuals and far off people bashing and ranting.
I cannot believe that this sprit has changed after he left, even to some legends here...
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Bitcoin needs Altcoin to sustain the demand pressure, most Altcoins trade on most exchanges are against BTC and not fiat, also some ICOs like ICONOMI and Chronobank allowed fiat deposit but this was converted into BTC
But we all know that these BTC will be converted sooner or later, And the way you stated it, it was the other way around. It is the altcoin that needed BTC because these altcoins are traded mostly in BTC. And some ICO needs BTC for them to crowdfund the project. this is just another topic with the same argument about bitcoin versus altcoins. there is already another one of these in this board called bitcoin without altcoins! and so far out of all these arguments and some spam, and among all these altcoins none of them have contributed or otherwise to bitcoin apart from making some traders richer and some lose money. Sorry, I havn t checked this threads here in depth. I came to this when I was thinking of my point 3 in the op. I ve never seen this 'value' of alts mentioned anywhere or from anybody else.
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... I should change the title to be 'needs some altcoins' ....
Pls check my 3 points in the op - sure that this not say we need all. And I'm fine with the 'some alts' be in the low market cap range, but that's not their usage until bitcoin stays here as a store of value.
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The hardest task is always to find the bug and its nature, even harder if its wrapped into a silent try catch block.
Found is fixed!
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The next 2 days are critical. If there will be a successful pump, eventually leading to about 1050$ - 1100$, then this will be a EW one, and after months of sideways we'll see 2000$ or more. If however the pump will fail, then we'll see a major correction, down to about 600$ and the possibility of a new bear market.
Lost my faith in EW long ago... always traders trying their hardest to force wave counts to match history, never predictive of anything. Hehe, if you found sth working better pls let me now by pm.
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I don't agree with the testnet, because we have already the teestnet with bitcoin, if you want tot ry something you can try it there without making an altcoin to scam investors, altcoin are bad for another reason and is the fact that they remove liquidity to the bitcoin market, if someone want to buy many altcoin he will dump bitcoin for them because it's the easy way instead of going with fiat first
I understand what you say and I mostly agree but scams might be always there but with anti fragility they will disappear again. People get educated! I also do not want to promote alts here but since they are here try to find a reason for.
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...
- Alts work like a testnet for bitcoins (looking forward seeing Litecoin with SegWit)
- Once an alt feature looks working it might get adopted no matter onchain or in a side chain. (RSK)
- Alts mostly need bitcoin to trade and some bitcoins might be always reserved / locked for this.
- Alts might help to generate a closed bitcoin economy
My favorit comes here:
- Alts work like an infinite fear generator (Hydra) against any try of regulators to bring bitcoin down, since there are too many to kill and its very easy to just create a new one (like a Hydra cannot be killed by chopping off some heads, even the biggest one!) > crypto world is anti fragile and it will stay on this solar system from year 2009 on.
Any other things missing here?
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Mädels, wenn der Fernsehr heut nix taugt dann schaut doch mal den dezentralen König hier im Mises an. Sehr nett https://youtu.be/HJSo06Su2vEUnd wenn der König spricht, dann müssen sich alle Klumpenrisiken und TooBigToFails warm an ziehen. (Hätt er doch mal 2011 richtig investiert)
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BU in short removes a single mostly unimportant line in the bitcoin protocol.
SegWit is a brutal hack into many places of the bitcoin protocol that is still not understood fully how it finally plays out and now litecoin tries to test it in real live soon.
You decide whats a bigger risk and could be called an altcoin.
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I m still very astonished that PoS promoters try to work against the laws of physics or restaurants:
There is no free lunch!
Security comes from order keeping and due to dissipation and entropy increase you just have to work! to keep that order and security.
With PoS there will be never such security since you can mine all day but spend nothing ( or very few) for work - despite PoS promoters work hard in mind to overcome simple laws, but you cant fix physics.
I wonder if there is some theorem out there like the CAP that describes what I mean?
If not, we should try formulate this here.
To PoS promoters: Go back to work!
Shows alot of asshats, think they know how stuff works, but at the end of the day , most of those asshats are just plain wrong. We know PoW is an energy hog , We know PoW will Centralize due to economics (BTC, LTC & Doge already have centralized to China) We hear alot of BullShit security horror stories about how easy it is to attack a PoS coin. Yet , every time one of you genius rant about the death of PoS due to a security flaw. I offer you ZEIT's exposed Proof of Stake jugular for you to Prove your ever so deadly theory. You want to know what has happen each and every time, not a Damn Thing, because your imaginations and the real world are not the same fucking thing. So again, if any of you brilliant asshats can take down a Proof of Stake coin with your scary laser beams. ZEIT as always is waiting , bring it on, and break this coin with your attack or SHUT THE FUCK UP! Lol Looks like you got hit and need some defensive now. I ve already done your worst attack, I ve never invested into piece of shit and feels like majority is with me. sorry
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I m still very astonished that PoS promoters try to work against the laws of physics or restaurants:
There is no free lunch!
Security comes from order keeping and due to dissipation and entropy increase you just have to work! to keep that order and security.
With PoS there will be never such security since you can mine all day but spend nothing ( or very few) for work - despite PoS promoters work hard in mind to overcome simple laws, but you cant fix physics.
I wonder if there is some theorem out there like the CAP that describes what I mean?
If not, we should try formulate this here.
To PoS promoters: Go back to work!
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Go to 8MB now. Fees go back down to .0001 Keep building LN until it is fantastic. revoke Maxwell's commit access as he has shown himself to be corrupt.
Maxwell does not have commit access anymore the last time I've checked. Very clever you Blockstream guys are! hahahahha. You don't think that we all understand that his puppets do? Do you really think we are fooled by such clever devices and tricks for fools? Hehe, so the code will stay on 1MB for ever, or who dares....? Huh, did he get now commit keys for BU in exchange to fix the limit there as well?
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