I'm not yet certain it was the founders, though I agree there is something suspicious going on.
I must imagine that insuring this kind of business would be prohibitively expensive if even possible (I truly do not know). So that makes Alitin's options: 1. Disappear 2. Repay immediately 3. Hope the perps are found and funds retrieved. 1. destroys their professional reputations in the cryptosphere and beyond. 2. If BTC price continues to rise, this is the smartest, cheapest option. 3. Funds retrieved is just so very highly unlikely and may leave them personally on the hook for the sum anyways. They may be scamming us all or they may be taking the best option they have at the moment, though some more transparency would certainly help.
I'm still fairly certain that BTCINVESTOR is involved in all this somehow if not a Forsyth himself. His account post history, and statements made are eerily similar to private comms I've had with people at Alitin.
At the very least, Alitin did not do their due diligence in having coins produced. On the edge of a coin you can read "2013 Medallic Art Company". This company was purchased years earlier by Northwest Territorial Mint. By the time Alitin had made the request to have these coins pressed there was already a slew of fraud and felony allegations and later convictions against Northwest Territorial Mint, some of which involved security issues. For a physical BTC that was to be "the new standard" wouldn't you at least vet the process/company used to mint your coins? This took all of 5 minutes and some googling. I'm not certain it was a Forsyth directly, but they have certainly directly profited from this whole thing. Fairly disgusting.
Interesting stuff there... |
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It looks like BU is going to happen no matter what. Exchanges already allow traders to buy BU for more than $200, is pretty cheap than BTC itself. There's considerable amount of volume particularly on bitfinex, its going to be more than what its price later as I can see.
I don't think its a threat to BTC though, its going to be like ETH and ETC.
That is funny. So now you think the hard fork has already happened and/or is inevitable just because some people are willing to gamble on it? People will gamble on anything. |
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Burt, you keep saying "it'll never happen". Explain why, instead of repeating-repeating-repeating like a brainwashing propagandist
Don't need or want to. I have already expressed that it is my opinion. My opinion it just that and it does not matter one bit. If any of this shit happens I will be wrong and you can come back and gloat all you want. Later dude. |
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but it could be a footnote with very low supply left  (also have few casascius) even a fail can have historic value. This. Mine are still in the cases. They have no BTC and it is not safe to put any BTC on them but they are still beautiful works of art, mint in the case, and they still have the silver value. So as a collectible they still have value. Not worth selling at this point so I will just keep them, in the cases, for now. I agree with the fleeced ones, no need to open now but the ones that are loaded i would peel. What if btc goes bananas and goes to $10k plus, dont think fleeced ones will ever command that much, but that is just me. This tough decision (whether to break open cases with BTC still on them) was made for me (all mine were empty). I would probably break them open too. |
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If we change PoW, we change who the miners are. Don't you like that idea? I do
We all like ideas that are never, ever, ever going to happen. |
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@Burt that's a hell of a lot of words and sentences to say "because". Try and fit some actual content into your posts please, you're wasting space in the debate if you're going to take up that much space to say "No need to argue"
In this thread you have made many many posts proposing a change to the PoW algorithm that will never happen. So who is posting a lot of words to no end? Who is it again that is wasting space arguing the same points over and over on dozens of threads? There is no need to argue. Bitcoin is what it is. You can accept that or not. You are the one wasting your time and "wasting space" arguing with the BU crowd. Don't you ever just get tired of it all? Especially when it is all so totally pointless? Just buy some BTC, watch it appreciate over time, hold it till you need the value back, and relax. |
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Great - so "we" have no voice and the decisions are being made by someone else somewhere else?
Correct - if by "we" you mean the user that are not miners with a boatload of hashing power. Nothing you say matters. Nothing I say matters. Nothing Carlton says matters. Nothing said here on bitcointalk.org or reddit matters. The decision will be made by the miners. If they all agree that raising the block size will make them more money - they will do it (they won't). If they all agree Segwit will make them more money - they will do it (they won't). If they all agree changing the PoW algorithm will make them more money - the will do it (it will not, they won't) Hey! I have a great idea: Let's just abandon Bitcoin altogether - no?
Your choice. |
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You're already wrong, or else the Bitcoin network would still be running version 0.1
Feel free to make any coherent arguments
Major changes, specifically Segwit, BU, the "poison pill" proposal being yelled about, and any change to the PoW algorithm that breaks current mining operations will never be implemented. You know all the arguments against all these things. You have seen them all many, many times. I am not going to waste my time or your time repeating them here. I am just going to sit back, watch my Bitcoins appreciate over time, and watch all these major proposals never happen. Many small improvements have been made, can be made, and will be made. Not the point. The point is all this continual bluster over major fundamental changes that I believe will never happen. No need to argue about it. Time will tell. |
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You must not have been here very long. As long as I can remember there have been proposals to change Bitcoin. They come and then they go. None of these proposed changes (BU, Segwit, change PoW, etc.) will ever happen. You must not have been here very long either. Every change proposed and implemented to Bitcoin has been accepted up to Segwit, BIP is an abbrevation for Bitcoin Improvement Program, and how many BIPs have been implemented in version 14 of Bitcoin, Burt? More than a dozen, right? What you're really saying is "hard forks aren't the original design". Thanks for enlightening us (except we knew that already). Who's going to continue the bugfix maintenance fork of Bitcoin Core version 14, you? If the Core Bitcoin devs propose a hard fork, and it gains sufficient support, you can kiss your immutability dynamics goodbye, son Carlton, All I am saying is that in my opinion, despite your hundreds of posts, none of the major changes you are proposing are going to happen. Sorry. On the up side, none of the changes you hate with a burning passion are going to happen either. I could be wrong. All of this posturing/posting from all sides could have some effect. But I do not think so. |
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what the hell is up with this new fascination to "change bitcoin"?!!! ever since this stupid block size debate has started, i keep seeing everyone trying to add lots of changes to bitcoin and change what has been working so far and is still working perfectly and will continue to work! started with classic which was shitloads of change and then xt and then BU and segwit! and now this!!! if you are so unhappy then start a new altcoin and apply the changes, whatever they are in that altcoin and leave bitcoin alone.  this is what litecoin and half the rest of them did and are still doing. You must not have been here very long. As long as I can remember there have been proposals to change Bitcoin. They come and then they go. None of these proposed changes (BU, Segwit, change PoW, etc.) will ever happen. It is just so much bluster, FUD, and opinion. It give people something to talk about. Meanwhile Bitcoin just keeps on keeping on and it will continue to do so as all these posting battles rage on. Bitcoin is Bitcoin at this point and has no need to change - so it won't. I liked your answer  since this is mostly what i believe too. and no i haven't been "exactly here" very long, only since 2014 and for the most part of it i never cared about things like this, and never even get involved in the arguments. i only "use" bitcoin as a currency and trade sometimes. but lately it seemed (at least to me) that the fascination has grown! Yes, the level of the "we must change Bitcoin" bluster is extremely high right now. I think it is all part of the grieving process. Many are grieving the fact that Bitcoin cannot and will never become whatever their personal idea is of what they wanted it to become. Bitcoin is what it is and that is not what many here thought, believed or hoped it would become. Hopefully, eventually, they will get through the steps in the grieving process and this will all die down. |
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what the hell is up with this new fascination to "change bitcoin"?!!! ever since this stupid block size debate has started, i keep seeing everyone trying to add lots of changes to bitcoin and change what has been working so far and is still working perfectly and will continue to work! started with classic which was shitloads of change and then xt and then BU and segwit! and now this!!! if you are so unhappy then start a new altcoin and apply the changes, whatever they are in that altcoin and leave bitcoin alone. this is what litecoin and half the rest of them did and are still doing. You must not have been here very long. As long as I can remember there have been proposals to change Bitcoin. They come and then they go. None of these proposed changes (BU, Segwit, change PoW, etc.) will ever happen. It is just so much bluster, FUD, and opinion. It give people something to talk about. Meanwhile Bitcoin just keeps on keeping on and it will continue to do so as all these posting battles rage on. Bitcoin is Bitcoin at this point and has no need to change - so it won't. |
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You can look at ETH hard fork as an example, network splitted into ETH & ETC while ETH have gained value and ETC is dying. But as an ETH holder you will have both ETH and ETC, so all of them are in profit after hard fork. Same can go with bitcoin and BTC (core) may remain as large network while BTU may stay as just another altcoin. As a bitcoin holder we will get some free BTU  as a far as i know that is wrong, network didn't split in ETH and ETC, ETC was made before the split from other users that were not in agreement with ETH decision to do a hard fork ETC 100% a new altcoin nothing to do with ETH if not for the same algorithm user and same parameters, there wasn't any split, they just created another chain because of the split, see the difference... Again, you are wrong. ETH/ETC was/is a hard fork. There is no more perfect example of a hard fork. One group of people wanted to "change the rules" the other group did not. So they went their separate ways on separate block chains. That is the definition of a hard fork. |
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but it could be a footnote with very low supply left (also have few casascius) even a fail can have historic value. This. Mine are still in the cases. They have no BTC and it is not safe to put any BTC on them but they are still beautiful works of art, mint in the case, and they still have the silver value. So as a collectible they still have value. Not worth selling at this point so I will just keep them, in the cases, for now. |
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So many loud paid signatures in this thread.
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The answer is simple: eliminate all paid signature campaigns. One warning, perm ban. This would solve the spam to create accounts, the account selling, and the spamming due to the signature campaigns.
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I really appreciate your careful calculations and the following summary: Lower bound Best guess Upper bound
325 MW 470-540 MW 774 MW
2.85 TWh/yr 4.12-4.73 TWh/yr 6.78 TWh/yr
0.100 J/GH 0.145-0.166 J/GH 0.238 J/GH
$142M/yr $206-237M/yr $339M/yr For some perspective, this article: https://en.wikipedia.org/wiki/World_energy_consumptionPuts the 2013 worldwide power consumption at about 12.3 TW. So using the numbers above we get: Lower bound Best guess Upper bound
0.00264% 0.00382-0.00439% 0.00629% of worldwide power consumption. |
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$0.00, actually not that magical.
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thats a huge fees  why use bitcoin for very small payments? Fixed if for you. Bitcoin works great for large payments, savings, etc. Bitcoin does not work for small payments - unless you are willing to wait for a long time (days) for your very small payment to get confirmed. |
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I am sorry to tell you that
You selected the fee
The fee that you selected was used
The fee you selected used up almost all of your Bitcoins
You did get what was left after the fee
The transaction confirmed a long time ago
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