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The blocksize will obviously need to be larger or the fees will become too big. Why is that hard to understand tho? The fees need to become too big to accelerate development of long term scaling solutions like LN. Why is that hard to understand tho? The current code has a true "bug" (i.e., transaction malleability) that miners seem unwilling to fix (with SW). If miners won't fix semi-serious bugs now, then what trust do we have for them accepting fixes for more serious bugs going forward? Why is that hard to understand tho? Increasing blocksize will not fix transaction malleability. It will made the "bug" even bigger. Why is that hard to understand tho? Agreed. Why is that hard (for the BU lynch mob) to understand tho? Can we assume that miners will oppose bitcoin price appreciation even by using silly arguments to counter improvements? Bitcoin price appreciation will allow new competitors to enter mining space and that is the most undesirable development for key mining players.
I've always wondered why companies like Intel and AMD are not yet in the bitcoin mining field with their own ASICs? I've wondered the same. Also, these Chinese miners should worry about following a version of Bitcoin that only benefits them (i.e., creating an environment where centralizing bitcoin more into their mining pools and thus more under their centralized control). They will literally be following it off a cliff. There's nothing stopping thousands of bitcoin users from mining a 1MB Bitcoin version at a loss (for altruistic reasons) in order to secure the network. In fact, this could indeed be the future of the Bitcoin network. I'm all for a MB limit increase if and when it makes sense. But it should make sense to both the core developers and the miners simultaneously, and it should be for purely technical/scaling/bug fixing reasons as opposed to financial or political ones. A hostile takeover will never work, in the end trust will be lost. At the very least, many core devs will walk out. |
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The blocksize will obviously need to be larger or the fees will become too big. Why is that hard to understand tho? The fees need to become too big to accelerate development of long term scaling solutions like LN. Why is that hard to understand tho? The current code has a true "bug" (i.e., transaction malleability) that miners seem unwilling to fix (with SW). If miners won't fix semi-serious bugs now, then what trust do we have for them accepting fixes for more serious bugs going forward? Why is that hard to understand tho? Increasing blocksize will not fix transaction malleability. It will made the "bug" even bigger. Why is that hard to understand tho? Agreed. Why is that hard (for the BU lynch mob) to understand tho? |
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The blocksize will obviously need to be larger or the fees will become too big. Why is that hard to understand tho? The fees need to become too big to accelerate development of long term scaling solutions like LN. Why is that hard to understand tho? The current code has a true "bug" (i.e., transaction malleability) that miners seem unwilling to fix (with SW). If miners won't fix semi-serious bugs now, then what trust do we have for them accepting fixes for more serious bugs going forward? Why is that hard to understand tho? |
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^^^^^ Hey Bitchick is here!  How are you and your hubby doing? Still holding for the long term? What's your take on how Bitcoin is doing? |
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No, the media is almost everytime negative about bitcoin. The only 'insiders' you are talking about just cashed out. Some big fishes dumped their coins for fiat money. Thats my indicator for what the outcome of the COIN ETF will be.
Mike Hearn, is that you?  |
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Fact: Insiders (and therefore the media) *always* know the outcome of something ahead of the Average Joe public. This is how they cheat the system. So they would already know if the COIN ETF was disapproved. Hypothesis: So if they already know it is disapproved, why in the last 2 weeks have the media gone into overdrive with the "it's unlikely to get approved" and "low chance of approval" and all the "warnings" and "risks" articles? Wouldn't their behavior be quite the opposite? (meaning no effort need to be expended) I.E., they wouldn't need to expend so much effort to dissuade the public away from Bitcoin, if the disapproval was already known to them. Correct??
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If I print an article entitled "Bitcoin Official Warns of the Risks of The U.S. Federal Reserve", will it then crash the phony debt-based fiat system?  |
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Looks like we might retest 1200 or even into the 1100's this week. Not surprised.
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Bitcoin was on Bloomberg live TV about 15 minutes ago, interviewing some guy about the ETF. They weren't sure if the Winklevoss twins would use their own coin or have to buy more on the open market. Whatever the case, they said there's going to be a huge run on Bitcoin in the event the SEC passes. Very bullish. Hope they archive it soon. https://www.bloomberg.com/live/usB...but weren't we told yesterday that all media is evil and they just ridicule Bitcoin and say its all a big hoax?  Just jokin... Here's another choice one from Bloomberg. https://www.bloomberg.com/news/articles/2017-03-03/bitcoin-is-now-worth-more-than-goldNotice the main title: "Bitcoin Soars to a Record High"Sounds really positive for a change, right? Then looks what slaps in the face you next. The subtitle: "How long can this rally last? After a peak in 2013, bitcoin fell 53 percent."They make sure to pepper the negatives right away, and throughout the articles. They want to make sure Average Joe is scared shitless to stay away.  People don't realize that Bitcoin is not just the Next Big Thing. (Aka a fad that will sooner or later die off) It is the Forever Big Thing. That will keep on getting bigger. |
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The morning news show on CNBC had BTC passing Gold on the bottom 📺 screen News ticker during the show. Damn near food down the wind pipe at breakfast, when I read that! So the way I see it, as a "Kool Aid drinking BTC Fanatic" is this way ETF shot down this week, cheap $900 to $1000 coin briefly. I say briefly, because only imho 30% of us think it will pass. Thus buffered into price imho. Even with the pump. Thus quick rebound. Or ETF beats odds and is accepted. It all then goes moon shot nuts and folk buy in fast. 2k btc in a week. I need to buy in quick on either. Or so I think 💭 It's kind of a win-win either way. Another thought, so what happens to all those wealthy long investors waiting for COIN ETF approval if it's a no-go? You think they are going to just take their ball and go home? My bet is they race for OTC purchases anyway. The WinkleVii can sell to them directly if they wish (a big IF). So win. |
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Two 20-somethings create a phone app in their basement that allows young people to send stupid, inane or lewd pictures or video to each other, that then self-destruct in 30 seconds so their parents can't see it. And now the U.S. market suddenly thinks that this 'great innovation' given to the world is worth $20B overnight? Yeah. That happened. So the point is, don't HODL SnapChat (or Twitter). HODL Bitcoin instead. |
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this gold parity is amazing but during war.. i would prefer to have gold than BTC  )) Aleppo is currently a war zone. Which do you think the refugees would currently be better off trying to smuggle out of the city, bitcoin or gold? Which would be easier? Hmmm? How do you buy bitcoin in Aleppo, solar powered, satellite smartphone? Smartphones work in Aleppo. Some girl was supposedly Instagramming from there. How would you buy gold there and smuggle it out? Oh right, you can't. |
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this gold parity is amazing but during war.. i would prefer to have gold than BTC )) Aleppo is currently a war zone. Which do you think the refugees would currently be better off trying to smuggle out of the city, bitcoin or gold? Which would be easier? Hmmm? |
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it mean HODL for 10 years and then dump everything you got  Nope, fiat purchasing power will continue to erode against bitcoin ad infinitum. |
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The media is loving the whole SnapChat bullshit I see. Gone up this much etc etc. Shares up this much yardy yarr
Bitcoin..........tumbleweed.......
Seriously though WTF is it with the news and Bitcoin? It's quite unbelievable.
SnapChat's stock chart will look pretty much just like Twitter's within 24 months. |
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None of my friends have mentioned bitcoin to me recently.
Now...these are the friends I was boring back in 2013/14 about it and when the shit hit the fan and it dropped to $200 I bought them all up. My friends know this.
This has all happened and not one of my mates has asked or text me about bitcoin.
Is this because:-
A. They all know the price now and don't want to talk about it as they feel sick knowing they laughed and made jokes.
B. They haven't even heard the news as the media have hardly reported on it.
C. They hate me and never liked me in the first place bitcoin or no bitcoin.
haha same here. I entered in bitcoin world in nov. 2013, and bought my first bitcoin on the top. Ande then lost in cuz I've been goxed. But then I was more cautious, bought almost all of my stash at 200$. Now all of my friends and family regrets that they didn't invested back then. And some are asking me to invest their money now And I'm like: Really do you want to be the fool who buys on the top and sells at the bottom? And they still want to invest... Ask them if the price drops, at what price will they decide to sell. Like if it drops back to $200 are they going to sell. If they say yes then tell them they have to be prepared to ride it ALL THE WAY TO ZERO without selling. If they're not ready to do that, I would say I won't help them because the only certainty is that it's going to be VERY volatile. I did help a friend buy some in 2014 at $600, who sold at just over $200 because he couldn't stomach the drop. Never again. Bitcoin is a lot like the movie 'Fight Club'.  The First Rule of Bitcoin is: You do not talk to friends, family, or colleagues about Bitcoin. The Second Rule of Bitcoin is: You do NOT talk to friends, family, or colleagues about Bitcoin!!! |
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900 -meh
700 -sad
500-600 -dejected
I think it would 500s for me. I'm far from convinced we've said goodbye to sub 1000 forever yet. It really hasn't been that long since it was surpassed for the first time in a long time. Time will tell. I don't think there's any question we'll see 500s again. Just look at the charts, you can see it right in the data analysis. This uptick is just an errant burp, that'll be corrected for in the obviously long term downtrend bitcoin hs been in. Proudhon sighting! |
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<snip>
b..but....media evil?
this "the media has an agenda" stuff is kinda funny anyhow. so much positive articles about bitcoin like in the last 3 months have never been before. no matter where you look everywhere folks get explained how bitcoin stuff works and why it has value and so on and on. but lets just ignore that and cry "media evil!"
So show me all these so-called 'positive' Bitcoin articles on Mainstream media sites like Bloomberg and Business Insider (and NOT on dedicated sites like Coindesk, CoinTelegraph, and CryptoCoinsNews). Go on, I'll wait. Here's another Bitcoin hit piece for ya while I'm waiting: https://www.bloomberg.com/news/articles/2017-02-28/bitcoin-s-top-rival-is-up-90-and-readying-its-next-big-moveLOL. Yeah whatever, evil media is against Bitcoin. Sure it is. Move on. So couldn't find any, could ya? |
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