If there had been a HF three years ago from 1MB to 2MB, we'd already be hitting the 2MB limit and BU supporters would be screaming that we need to immediately HF again to 4MB. And so on, and so on.
They act like that wouldn't be true, but we all know it would.
So apparently for them, every time the block size limit is reached, the solution is simply another 2MB increase. On and on, until mining centralization by like one person with a total hardware & hashpower monopoly is complete.
Well FU, BU.
The current limit is not enough for mainstream use. That is a hard fucking mathematical fact. The transaction limit will have to be raised one way or another, sooner or later. So you're cool with destroying decentralized mining, so the block size can be raised ad infinitum to support the "mainstream". Got it. Which btw, bitcoin users are certainly not "mainstream". Those are called "fiat users". Bitcoin users use bitcoin for different reasons entirely than the mainstream, one of them being decentralization. |
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If there had been a HF three years ago from 1MB to 2MB, we'd already be hitting the 2MB limit and BU supporters would be screaming that we need to immediately HF again to 4MB. And so on, and so on.
They act like that wouldn't be true, but we all know it would.
So apparently for them, every time the block size limit is reached, the solution is simply another 2MB increase. On and on, until mining centralization by like one person with a total hardware & hashpower monopoly is complete.
Well FU, BU.
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As usual, the short-dumper bottomed out... and now he's gonna make everyone who panic-sold doubt the market from 970 all the way back up to their sell point.  |
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I'm starting to truly believe that about 85% of the blocksize debate spammers here and on reddit are just alt coin shills hoping to spread FUD and get cheap bitcoins.
And shorters too! You're just starting to figure that out, Elwar? I noticed months ago, when the number of subscribers on r/bitcoin jumped about 20k overnight, and the number of posters jumped from ~300/day to ~2000/day. The vast majority of these new actors are shill/troll accounts that just stir up drama and FUD. Barbarians really are at the gate, trying to destroy Bitcoin. But it won't work, they're losing. |
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Lol, it almost looks like BU nodes got PnD'ed! Is that a blow-off top I see? haha |
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This is the part that boggles me a bit lol with Bitfinex.... or maybe I'm just tired lol  seems redundant or something If, however, there is a fork, specifically Bitcoin Unlimited, then, as soon as we list Bitcoin Unlimited, we will exchange BCU tokens for Bitcoin Unlimited tokens as well as retiring BCC tokens in favor of Bitcoin Core tokens. BCU isn't bitcoin unlimited coins because such a thing doesn't exist. I guess they are going to create completely separate markets once it actually forks, to make it clear, that these current markets are trading "hypothetical coins" BTC is dead. Hello BCC and BCU! what a shame...  |
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The Jihadi Woo malicious miner problem is something of nightmares for bitcoin but maybe the final test before mainstream adoption nirvana.
One thing Woo (and idiot Ver) may not have accounted for is by centralising so much power around themselves they are now major targets for any variant of the $5 wrench attack motivated by an incentive for control over a $20 billion monetary security system (or its demise) .... not smart guys by any stretch of the imagination. They might want to start spending that "$100 millions" they budgeted on attacking core (100's of decentralised developers) on some high class personal security.
You would think Ver knows enough of the cypherpunk history to know what happened to e-Gold, Liberty Reserve, e-Bullion, etc central actors. If you want to go centralised with your digital money expect to become the prime target for some major league criminals.
They are also underestimating the number of Bitcoin early adopters.... who hold rather LARGE amounts of bitcoin based on Libertarian principles as opposed to economic reasons. Decentralization of mining is a cornerstone principle to them. If these early adopters feel that the Bitcoin network is being threatened by a sense of centralized control (monopoly?) and developer incompetence, I'm sure they won't hesitate to dump the shit out of their BU whatever coins right into the ground. |
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So anyone care to explain why this whole BU fork FUD just happens to come up immediately after the ETF disapproval? Hmmm?
It's quite simple: The ETF-decision brought hype. Hype lead to a big mempool. Which lead to rising fees. High fees lead to stronger motivation to run BU. The runup caused the clogged network and that brought us here. Same with altcoins. The rising fees (caused through ETF-hype) lead to rising Altcoins cause people speculate on stronger Altcoin adaption. Just simple logic. No conspiracy-retardness needed. The fact that a couple a troll traders have already jumped in to dispute me proves I'm right. |
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So anyone care to explain why this whole BU fork FUD just happens to come up immediately after the ETF disapproval? Hmmm? You guys are getting played. The pumpers ALWAYS come up with a reason to DUMP following an ATH. If they can't exploit a hole, hack an exchange, or DDoS the shit out of one, they'll find another way. The new way is pretty simple: social engineering based on emotion. Make something trivial about Bitcoin into a big deal, create troll/shill accounts to divide the community, push $$$ towards alts and tout them as 'Bitcoin 2.0', and get everyone whipped up in a frenzy. And short-dump on the way down. Apparently, 90% of the time it's gonna work every time. Because bitcoiners are a bunch of overgrown whiny babies that can be easily manipulated.  |
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I believe BU90% of the newbie trolls trying to incite BU fork FUD drama is very much the cause of it. Spooderman is right completely wrong, as am I. Civil war is one thing it's too much to stomach. is a made-up bullshit that I currently believe is real.
Here, I FTFY |
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Okay another question where do all those coins come from? There has to be a moment the seller sold all his coins. So many sells? I am not amused.
You can endlessly short if you have the capital and the exchange has enough coins for you to short. And with no buyers right now, the whale can keep going. I guess the downside is that the Chinese exchanges have a bunch, since no one can withdrawal BTC right now. If you have coins on an exchange, pull them off and help the cause. This asshole will get rekt once sentiment shifts and other big buyers start coming in. (Or it could just be Roger Ver rage-quitting Bitcoin ) |
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Yeah, you can twist it anyway you want. Semantics of mining node vs a regular node. Most miners are in China yet most non-mining nodes are in the US (United States--1814 =27.87%). The point is that the mining nodes will determine whether the code gets forked, not the regular nodes. Boom /debate |
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It's good to see the mainstream media is keeping up with their constant negative news regarding Bitcoin.
I was starting to wonder if they had gone soft.
Hear that Average Joe? Stay the fk away from Bitcoin. It's a terrible idea. Stay the FK AWAY! Keep your fiat savings in a bank account, you'll do much better in the long term.
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Yeah, Bitcoin is finished, done, kaput. I mean just look at that piss poor hashrate difficulty over the last 12 months. https://bitcoinwisdom.com/bitcoin/difficultyMiners are dropping like flies. The price will never recover. /s |
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I can take most awfulness in this community. Long bears markets, governments doing nasty shit etc.
Finding civil war very tough though.
I don't really consider is quite that, I see it more as a hostile takeover attempt. If it was just Gavin, Roger etc it wouldn't be so bad because they can be easily ignored. But someone like Wu with the sheer amount of hashrate he has under his control is troublesome for me.
I hope we somehow get through this.
Dude, are you really saying that you are being affected by this latest social engineering lunacy? It's completely fabricated as a supposed "crash reason", when there isn't any. It's not real. Remember the whole '51% attack scare' FUD that was whipped up on the forums several years ago? Yeah, this is EXACTLY like that. Or 'China is banning Bitcoin'. Same thing. Bitcoin will never survive long term if its users are so easily swayed by fabricated FUD. |
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I have trouble understanding who is still selling? The price is insanely low.
You mean the one mega market maker that has been in control of the BTC market for a solid month now? Yeah, that guy. And he's probably been shorting the whole time back down. He's gotta be out of ammo soon. Also alts are going to have a bad time, will be racing to get back into BTC over the next few weeks. |
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when this bitch is done we might not need bigger blocks Don't worry, the dumper will be out of coins @ ~$1000. |
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Eth likely to hit $100+ this year.
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