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It looks like the dumps are on again. Prepare for a wild ride!
Will we drop below $400 this time?
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OB offers very little privacy and nothing that offers a trustworthy transaction.
I can't really see it go anywhere without those basic features.
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It looks like the latest rumors are starting to affect the market. People getting scared that satoshi will dump.
I can see that $400 breaking within the day. Yay panic!
Or you can look at the zionist banker shill Kwuckduck's post history and see every post is "Bitcoin is about to go to 0!" even when it's going up instead. Would it hurt to stop straw manning me? |
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Sure... Waiting for that signed message...... Let me guess, they won't use that as a method of verification but instead use magical stories.
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It looks like the latest rumors are starting to affect the market. People getting scared that satoshi will dump.
I can see that $400 breaking within the day. Yay panic!
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No effects it's not him anyway. Extremely easy to prove.
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As more and more people discover that the implementation of SegWit only pushes the problem forward for maybe a few months, we can expect prices to plummet again.
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it will work like exactly liek ebay with trust and everything, but without a centralized autorithy, so scamming is more possible
for example one could simply build some trust with small amount to scam big later, like someone has already done here, cough tradefortress cough
Unfortunately OB doesn't have a trust system. This would have to be done by a 3rd party outdide OB somehow... which really complicates things and doesn't help the whole thing get off the ground IMHO. |
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It looks like the buyer picks the moderator and the funds will be sent to a 2-3 multisig address.
Sounds like an easy team up between buyer and moderator to scam the seller.
Possibly the seller has to agree with that specific moderator first? If that's the case, how would a seller determine the moderator is trustworthy, since there's not trust system builtin to OB?
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Besides a hype. I would call it a scam.
There are only a few at coins that bring something significant to the world of crypto where bitcoin can still grow, eth is definitely not one of them.
I just hope all of bitcoin, that means the main developers all contributors, miners and the community as a whole will work on making and keeping bitcoin strong by learning from others and acknowledging there are problems that need to be addressed.
Reading up on SegWit gives me some hope.
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I assume it will work with Web of Trust, which will be rigged right from the start with thousands of fake accounts giving each other good ratings and fake feedback.
I suspect this will turn out to become a big scam fest. We will see. The idea as a whole is awesome of course, just like bitcoin.
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How about we try to fix all the problems with bitcoin before we go on to declare it the future. Something which in its current form is an absolute impossibility.
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Well, let's suppose those chinese have that much power... Why would they destroy its source of income? it makes no sense.
Maintaining the status quo for now is the only thing profitable for them but will kill uᴉoɔʇᴉq in the end. The Chinese, like most if not all emerging cultures, are in for short term profit. They really couldn't care less about what uᴉoɔʇᴉq is or what its potential is or how their actions could harm others. When uᴉoɔʇᴉq dies they will just jump on whatever next thing is profitable at that time. |
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I am quite sure that China at some point will take over the entire mining aspect of uᴉoɔʇᴉq. But is that bad? Who knows, but you have been known for being anti uᴉoɔʇᴉq for quite some time. Don't think many people here will value anything coming from you.
I'm not anti-bitcoin. I'm anti-ignoring-problems. There are some serious problems with bitcoin itself and its ecosystem that are structurally being ignored, harming the future of a potentially great and revolutionary technology. China dominating mining is a problem because they have limited and totally controlled bandwidth to the rest of the world, limiting any new proposal we will try to roll out for the block-size problem. They will not accept bigger blocks because it requires a lot of bandwidth which is expensive for them. |
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I'm guessing the database got hacked.
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With China now owing about 75% of the mining power i think in all their greed they will destroy bitcoin.
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.
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What i'm talking about? Really?
Bitcoin does not scale. "We will solve it when it becomes a problem." is what we've heard for the past years, now it's becoming a problem and there is no working solution or even remotely a consensus of what a solution should look like. This will almost certainly result in at least one split chain when people start forking bitcoin and promoting their 'real bitcoin'.
Bitcoin does not offer reasonable (pseudo)anonymity. Something which has been one of the core ideas of bitcoin since the very start has been proven to be false and it's in fact very traceable and easy to correlate.
Mining centralization, it's not just happening, bitcoin mining is already very centralized, basically the whole thing is run and controlled by a hand full of people, which are probably the same people that own 99% of all bitcoins anyway.
Globally governments are criminalizing bitcoin (or crypto in general), either legally or on the media/public 'wall of shame'.
Banks are increasingly refusing to do business with bitcoin-related businesses.
Exchanges are getting locked down and want to know every little detail of your life. Who are you, what do you do, where do you live, where do your coins come from, how do you plan on using them, how many do you have. This is worse than what's happening with fiat, and on purpose of course, they need to destroy bitcoin to prevent it from catching on and getting development again.
Oh noes. Bitcoin's scaling - a problem, apparently, that has been around for years - during which price continued its slow climb upwards (despite your belief that from $1 to over $400 constitutes a slow decline). Just because the price went up from point A to point B doesn't mean that it hasn't been in decline most of the time. The big spike by the willy-bot caused this high value but trendwise, most time was spent on a decline. Mining centralization - damn those Chinese. Except - miners continue to mine using pools. Those Chinese pools are full of miners from all around the world. Whining about mining centralization now is as ludicrous as whining that the Czech Republic had mining sewn up back when Slush's pool was the only real game in town. Hint: miners and pools are not the same. Do tell me more about how miners are "probably the same people that own 99% of all bitcoins anyway" - ideally using evidenced facts and not "probablies".
Of course they consist of many small miners. The point is that the pools are in control and can push changes in the protocol easily before people would have time to notice and/or switch, causing again a hard fork at a later point if people will move away from those pools in big enough numbers. Exchanges in Europe are coming into line with exchanges in the US, which in turn are falling into line with non-BTC exchanges. Don't like it, there's plenty of exchanges outside the EU and the US. And I'd love to know how this is "worse than what's happening with fiat".
MURICA! |
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Of course we know what's going to happen.
If your car runs out of engine oil and has two broken wheels you know you're in for trouble right?
What if the car seems fine, but the mechanic has been warning that the engine is going to explode every time the car's been serviced for the past two years? Or you bring the car in with a crack on the windshield and the mechanic does that sucking-in-air thing and starts telling you the car is "crashing"? Or the mechanic vaguely alludes to problems at a "fundamental" level, without ever explaining what they're talking about? What i'm talking about? Really? Bitcoin does not scale. "We will solve it when it becomes a problem." is what we've heard for the past years, now it's becoming a problem and there is no working solution or even remotely a consensus of what a solution should look like. This will almost certainly result in at least one split chain when people start forking bitcoin and promoting their 'real bitcoin'. Bitcoin does not offer reasonable (pseudo)anonymity. Something which has been one of the core ideas of bitcoin since the very start has been proven to be false and it's in fact very traceable and easy to correlate. Mining centralization, it's not just happening, bitcoin mining is already very centralized, basically the whole thing is run and controlled by a hand full of people, which are probably the same people that own 99% of all bitcoins anyway. Globally governments are criminalizing bitcoin (or crypto in general), either legally or on the media/public 'wall of shame'. Banks are increasingly refusing to do business with bitcoin-related businesses. Exchanges are getting locked down and want to know every little detail of your life. Who are you, what do you do, where do you live, where do your coins come from, how do you plan on using them, how many do you have. This is worse than what's happening with fiat, and on purpose of course, they need to destroy bitcoin to prevent it from catching on and getting development again. |
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People will realize it was a hype/scam all along and they aren't making any profits, in fact, the price is slowly declining as it does most of the time. They get scared to lose their investment, they sell, more sell, panic sell. We drop to 230-260.
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The price of bitcoin is expected to break out and go up by the time of halving. Till that price will be increasing and decreasing with small fluctuations around the range of $450.
If the $450 becomes the new centre of trading range, that would be excellent. That is almost 10% higher than the present one. Yeah it looks to be a big margin to make a good profit compared to today's price. Even if it increases to some 5% also more users will get benefited. The most people are thinking that it will rise in the future and that is a positive mind and also very good for the people that has already some Bitcoin. But the bad thing is that you never know of course what is going to happen with the value, it is a currency and that is always changing but I think that it will rise slowly. Of course we know what's going to happen. If your car runs out of engine oil and has two broken wheels you know you're in for trouble right? |
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