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Anyone thinking a 24k btc dump won't drop the price is out of his mind...
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ETH will take over bitcoin because it addresses problems that the bitcoin community fails to do.
The bitcoin community and developers stick their heads in the sand and act if there are bo problems.
I'm a big proponent of bitcoin itself over ETH but the community is killing bitcoin.
I'll probably get another ban again for saying this , so be it, the only way bitcoin can survive and grow is if we recognize and acknowledge its problems and try to address them.
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Bitcoin is crippled and with the rise of Ethereum it's soon to collapse conpletely by superior competition and because its destroying itself.
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ETH is quickly taking over crypto, nothing can stop it basically. It's superior in every way imaginable to all other crypto.
Haters gonna hate.
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I LOL'ed quite decently at this...
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It's possible this will happen later today, i would wait till 0.00001 to buy a whole bunch just for fun and take a scresnshot, afterwards we won't be able to use them anyway.
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Amaxing, the tension within the community is so high, even outside it is. My frienda who know nothing about bitcoin are asking me what will happen now.
Well here's what, an epic crash which we have never seen before, the MtGox aftermath will look like a joke.
I believe it is fundamentally impossible to recover from the exposure of Satoshi.
If you want a nice reminder of the fun times we had, place your orders now at 0.0001 $ and you can tell your grandchildren you once held hundreds of thousands of a 'revolutionary' cryptocurrency that vanished in the blink of an eye.
I can only hope the new verification tuens out to be fraudulent too.
Bitcoin deserves to be fixed and saved, not put to waste.
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When Craig verifies he is Satoshi later today we will drop to double digits within minutes and not recover.
Exposing Satoshi, no matter who he is will almost instantly destroy bitcoin. Which i believe was the whole plan of Craig and Gavin in the first place. They will probably offer us a 'magical solution' once bitcoin and its economy are in ruins.
Problem-Reaction-Solution-Profit
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At this point i would say holding bitcoin is one of the dumbest things one can do.
With Satoshi revealed he either has to hand control of millions of coins to government or he will sell them.
Both cases will destroy bitcoin.
A post of theymos in reddit shows that Craig Wright is not the real satoshi, so I don't think he is going to sell them, everything can happen but before the halving it's absurd to sell, unless you need them for any emergency. All that was shown is that the signature he posted wasn't a 'satoshi signature', which he never claimed it was in the first place. It's the media and people here that made those claims, not him. We will see verification later today. Then there is your ensurance for an epic crash of the whole system as the only thing he can and must do is sell hundreds of thousands of coins to pay his huge tax bill. |
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At this point i would say holding bitcoin is one of the dumbest things one can do.
With Satoshi revealed he either has to hand control of millions of coins to government or he will sell them.
Both cases will destroy bitcoin.
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I believe they are 'protecting' the real Satoshi and the they need time for him to do this verification so they can publish it.
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Received your coins, thank you so much!   |
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fipo  17AVBgzwt7CSieFEmBrU5oaFjLFxoeXvNy |
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Tell me how youbhack or fake a digital bitcoin/pgp signature... Roght, you don't. It's time all you nay sayers in denial accept and praise the founder of bitcoin. You all respected him before he got a name, now you know the face behind it y'all go boo-hoo?
Sad... Really sad...
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Weeks of slow hard gaining undone in a few hours by the whales holding 99.99999% of all bitcoin and controlling the network
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Would people be as worried if 70% of the hashing power was in the US or Europe?
Of course. It's not about the country, it's about basically a hand full of people owning and controlling the entire network. |
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How you get that figure of 70% of total miners are from china? is there any source and any source of their statement of them not accpting huge block? THis is just a pointless hype in my point of view.
70%? I assume it's based on pools - https://blockchain.info/pools. It's like, back in the day, saying that every (non-solo) miner comes from the Czech Republic because Slush's pool is the only pool. Except no one thought that, because obviously it would have been nonsense. Except that it's not nonsense because the chinese are in control of that mining power that people put to their pools. |
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The CEO of Bitcoin told me it would be $1000/btc byt i'm sure he's lying as the system is fundamentally bound to collapse with the halving.
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That's good news. Unfortunately steam is so ridiculously expensive compared to other game stores.
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What i hate about it?
It's not anonymous (fully traceable).
It's slow as f*ck.
It doesn't scale.
Mining has become centralized.
Development is very slow (if any is left..)
Banks, governments and regulatory bodies are cracking down on it.
The community around it lost all vision to build a better future and something actually functional and beneficial to society. Everyone is just in it to make more fiat.
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