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you will have between 100k and 3M adjusted back for inflation
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its true, back in 2013 15% was a slow day...
that said volumes are bigger so harder to move
that said said, the bigger it gets the more volume it can attract
think of how it was a big thing to go over $1, $10, $100 and it was, but now $100 movement is meh.
think about the absolute de-linkage between face value of fiat and actual value and how every other asset is rigged, the levels of corrupting and bad management.
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I....I d'ont even want to talk about it.
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I love BTC, I want BTCs, but buying them now, at this price, it won't work..too expensive   . If you owning Bitcoins or thousand satoshis, consider yourself lucky! it divides you know, buy $100 worth come back is 5 years. in you purchased at $30 in 2013, you would have about 10K now. BTC is going to 10K then onto 100K in 5 ~ 10 years. |
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I put this over in the dev board, but looking for some more general criticism.
Would there be any thing to stop merged mining Segwit or whatever BIP, and use the same address distribution as BTC?
Would this not make a natural outcome as to the best way?
No party has to compromise, you get your preferred unadulterated implementation
It avoids a hard fork, and allows whoever want to mine as they wish to upgrade as they wish?
I suppose updating with say development / innovation over time may be hard if you cannot attract enough devs, and the dev overload on say wallet changes / infrastructure change may be an issue, but still if it that much better good/popular solutions should attract enough of a following.
ETH / ETC shows a demonstration how this to works to some extent.
I think you would see BTC (now), BTU and BTS (SEG) emerge, and each go to their price and utility, no one would be forced to join in or opt out.
It maybe I don't grok merged mining enough to say this but is seems a possibility to at least demonstrate the economic / network case.
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merge mine BU and SEGWIT with BTC using same distribution of coins on addresses as the starting point
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I couldn't think of a better place to post this and I think it's fitting here. I just sold my stash of 6 years at $2,200. I just couldn't stand to wait any longer and I'm not greedy. Bitcoin definitely made me rich (not really rich elite but rich enough for me). Everything I own is paid off (houses, cars, Horizon 350 Four Winns boat - everything). I have everything I want and more. Hookers and beer for the rest of my life. I hope bitcoin goes to a million dollars each and all of you get everything you want. I won't be disappointed if it does (because I kept a couple for a rainy day  ). I'll still be around here to make fun of you when required (maybe not as much as before though). Good luck to you all and don't forget that it's not illegal to sell your coins. I can well understand this, youve locked into tangible gains. Feel secure live life. For me I just cant help myself .... I would look at the whatever I purchased with BTC and 5 years later think well that was the most expensive X ever. The temptation to enjoy is large though, to be able to just buy something... take out say something just a year an half ago and you have lost 4 x or something.....wow. There must come a break point though!!!!! where you can cash out some and still be ok with it. Out of curiosity what exchange(s)/market did you cash out on, did they let you withdraw the fiat all at once? |
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for now 2MB will do the trick for the expand faction without wiping out miner fees significantly and get us there, only this route leads to a fork.
(We can call this period the excess profit period where on top of block rewards high txt fees exist and with 300,000 Transactions in the mempool that is not going to change for a while yet and is the opportunity of a lifetime if we do fork all new chains will retain the Bitcoins owned today.)
I never understood this argument, say price is related to adoption, and if the blocks become 2x larger, your going to attract >2 x people wanting to send at 1/2 the price. |
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Would there be any thing to stop merged mining Segwit or whatever BIP, and use the same address distribution as BTC?
Would this not make a natural outcome as to the best way?
No party has to compromise, you get your preferred unadulterated implementation
It avoids a hard fork, and allows whoever want to mine as they wish to upgrade as they wish?
I suppose updating with say development / innovation over time may be hard if you cannot attract enough devs, and the dev overload on say wallet changes / infrastructure change may be an issue, but still if it that much better good/popular solutions should attract enough of a following.
ETH / ETC shows a demonstration how this to works to some extent.
I think you would see BTC (now), BU and BTS (SEG) emerge, and each go to their price and utility, no one would be forced to join in or opt out.
It maybe I don't grok merged mining enough to say this but is seems a possibility to at least demonstrate the economic / network case.
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yeah they could run a stripped down form, that can scale later.....just have something out....
eg IOTA has some serious wallet problems but at least they have the product out the gate.
Also I disagree, if you have the algorithm(s), and they have been going for what 7 to 10 years or something, you can build it in that time.
A good portion of the internet 1.0 was built in that time, from scratch.
"It needs to be able to scale from 100 users to 100 million"
yeah no, scaling can be sorted out later by a fork.
right now afaik there is not even the 100 as no live product.
I cannot help but feel some eth/lsk dapp is going do all of this.
Lot of the 10 years was R&D and finding investors etc. Wasn't that easy before we had Bitcoin. eg IOTA has some serious wallet problems but at least they have the product out the gate. Alpha 1 got out in august 2016: https://safenetforum.org/t/safe-network-alpha-release/10687It was online for months, you could test a lot of things, from the DNS to self_encryption and quite some other stuff. We've also seen like 14 different testnets and propably more if you count the A's and B's as well. yeah no, scaling can be sorted out later by a fork. Why not fix Routing when you are building the network? Routing comes after Crust (IP-layer). Routing needs to be good before you can build the rest of the network. Mutable Data needs good routing and good routing scales to 100 million or a billion. I know quite some other projects with half finished or a total lack of GUIs. I was excited about Ethereum in 2014 (made nice money on the coins as well, could've been more if I just holded  ) but so far it's just 1 big promise IMO. How many people in crypto do you know who use that stuff? What would you use Ethereum for right now since they had an official launch?? Can you point me to one very useful Dapp? They work on a decentralized storage system as well (Swarm) but why isn't that out if doing things on the blockchain was so easy? No to bash them in any way because the more projects we see the better, but building all these applications is hard. MaidSafe just released their browser again, now with a feature to run a local testnet with Mutabel Data on mock routing. https://safenetforum.org/t/maidsafe-dev-update-may-18-2017/13726/46Now external devs can build and test Apps for the upcoming networks. The difference is, for say ETH is people have to coin in thier hands now, so no matter what form it take in the future they have that coin on that network. A test net means nothing as to value, if you think it has value I will swap you my testnet BTC for your real BTC. there is a a sort of halfway house in the omni wallet set up bit its not the same. |
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"It needs to be able to scale from 100 users to 100 million"
yeah no, scaling can be sorted out later by a fork.
I cannot help but feel some eth/lsk dapp is going do all of this.
Um, yeah ok - let's rush it out now so we can fork it later to fix issues. Or better yet, just give up because a little old dapp running on top of ETH or LSK is going to do all this.  Please stop talking now, your ignorance is appalling. Yeah no, you need to point out why. I understand the the scope of what maid is trying to do, but there will be alternatives. though combinations of other platforms. There always is. |
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yeah they could run a stripped down form, that can scale later.....just have something out....
eg IOTA has some serious wallet problems but at least they have the product out the gate.
Also I disagree, if you have the algorithm(s), and they have been going for what 7 to 10 years or something, you can build it in that time.
A good portion of the internet 1.0 was built in that time, from scratch.
"It needs to be able to scale from 100 users to 100 million"
yeah no, scaling can be sorted out later by a fork.
right now afaik there is not even the 100 as no live product.
I cannot help but feel some eth/lsk dapp is going do all of this.
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I really hope the dev/marketing team cash out some nem into legacy (fiat), just to ensure they can ride out any downs more smoothly. I mean they have to eat, pay mortgauge, rent, power etc ... they need to take out a a few million at least as in $5 ~ $50M over a few months so they are sweet for a long time to come.
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Has anyone considered that they have raised far to much money than is needed. Which in itself will invite problems, corruption or another dao type problem.
How much money is really fair in developing this compared to how much is raised. It will be good to hear balanced understanding.
I may be wrong but I think they burnt through the ICO money and had to do some sort of other capital raise. |
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if only they spend as much time coding ad writing updates. Its come to a point where maid has mired itself in gobbledegook that reads test n+1 to do x No endpoints clearly articulated. Eg we will launch on date X. then do updates. Essentially they either have an algorithm that works or they don't. Code an deploy something than can be upgraded later. EG We will launch on 11 November 2017. they must at this point be able to make some sort of estimate, or they do not know what they are doing. This is me calling you out for a delivery date. |
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So when will the IOTA ydx be able to sort out its withdrawal problem?
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BTC is becoming a settlement layer for large value transfers....
the one thing it has proved is that it is really really hard to change even from within in the fiercest of arguments.
Would I feel safe sending 100M across a network that can't be changed easily....would i pay $100 for that.
Yes, yes I would.
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BITCOIN is not anywhere close to being a bubble. The price has barely even doubled the past 3 months. $1000 - $2000
The past 3 months are only the last "leg" of the current rally. The actual Bitcoin rally begun in late 2014, at $135, and price has increased about 15 times since then - isn't that spectacular? There was healthy growth until the halving overheating in mid-2016, then there came the first major correction, then it overheated again in late 2016, when the second correction came which was much sharper but lasted only a few weeks. According to the Elliot waves theory we are now in the last stage of the rally (wave 5). I agree with you that altcoins also are in a bubble and that their bubble will most likely pop before Bitcoin's bubble. I see two possible outcomes: - Bitcoin gets Segwit or another scaling solution relatively soon: Altcoins will lose over 50% (speculation-only coins over 80%) and Bitcoin goes to 3000-5000 USD with the capital that came from alts. - Bitcoin does not get Segwit (e.g. a failed BIP 148): Bitcoin can continue a bit more, but the bubble will pop most likely before $3000. Altcoins will stagnate and then both bubbles will pop at the same time. I am not so sure any conventional tradeing system analysis can apply to BTC tech. I see it as BTC is expanding into the existing money sphere, and there is nothing to stop it. |
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In before Bubble Cycle Chart.
When we look back 10 - 20 years from now at the Bitcoin chart history, this rise to $2K will look like hardly a blip. There will be corrections along the way for sure, but yeah, bitcoin is not in a bubble.
This exactly....critical mass has been achieved....its a forgone conclusion at this point.... |
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So when we get a 1T market cap in about 5 years if not sooner.....its going to sooooo good.
Basically we will have the world attention and still 99.99999% of the population will be scratching their heads as they just don't understand money, fiat, banking system, value system, fractional reserve banking, inflation, QE, Capital Reserves.
The so-called luminaries buffets, gates etc will just be small fries in the shade, eventually their whole companies a rounding error of the BTC financial system.
None of them, had the intelligence to try and be money itself, they could not tie together, IT, Finance, Banking, Ledgers, economics. They could not act outside of the imposed financial market.
To paraphrase zero hedge BTC (crypto) turns out to be the only rigged asset.
There will be a few crashes on the way, peoples faith will waiver, but now its pretty much a forgone conclusion.
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