LMFAO Right back over $400.

This is wack as hell.

“The idea is now at the forefront of every financial institution, every corporation, every media outlet,” said Bobby Cho, director of trading at New York-based exchange ItBit. “Even if you’re reading about blockchain technology, you’re inherently reading about bitcoin also.” The interest is driving up the trading activity, and the increased activity is spurring interest from institutional traders who’ve been sitting on the sidelines, waiting for bitcoin’s market to perk up again. “Now the volatility is back,” Mr. Cho said, “and they’re thinking, ‘we can make some money here.’ These guys are looking for a product to trade.”

Case in point, just look at a couple of weeks ago, full of replies like this everywhere:



And now suddenly, everything seems possible again. What im seeing is, don't be scared to think that we could hit 1k, 2k, 3k.. by 2016. It's perfectly doable. More and more people will learn how to use Bitcoin to their advantage. It only takes a handful of whales to want to move their capital across continues to skyrocket the price because the marketcap is tiny. And once this happens, the average joe will want to get in too because of fear of missing out. Past a point only idiots that still don't understand the importance of Bitcoin will not own some.

Also, we still haven't resolved any part of the blocksize issue and the Fed is soon to raise interest rates (lifting the value of USD).

I am still hesitant, but am keeping an eye on as usual...

Multiple implementations means multiple development teams, in this way both Mike and Core can contribute if that is what people choose. An election where there is only one party is totalitarianism. I am saying that there should be multiple alternatives for people to choose from.

Source:https://medium.com/@btcdrak/full-of-lies-and-desperation-of-someone-who-risked-his-entire-reputation-on-something-and-lost-and-6c206e68d0cf#.9vi6d25is

Yeah I realize that, and I also know he bought the domain itself for $1mil. I just mean the reddit users that keep complaining about centralisation and theymos should move over to the other forum and start shooting the questions they've recently not gotten an answer to.

This does not change the simple truth that having only predominant implementation which is effectively controlled by one person is the equivalent of totalitarianism for Bitcoin. Having multiple implementations equals having multiple choices. Only having a single choice decided by a small group of technocrats is not the type of freedom I signed up for. Consensus is not an excuse for totalitarianism, Bitcoin is not as fragile as you think it is, it will survive multiple forks.

Everyone should read this.

Want some free money? Short gold and BTC with a several month timeline.

Which was the way in which it was brought up. Do wise people always announce the quality of their wisdom as it is delivered?


It most certainly is, and the reason, yet again, is that the peer-to-peer network needs to follow common consensus rules to make sure that the blockchain data remains consensual between nodes.

Is it just me, or am I only just recognising the subtlety of this approach at killing bitcoin decentralisation: propose 1 client fork, fail. propose (+ promote) multiple blockchain forks. Like that's supposed to be a better idea than just 1 fork of the main chain  

Doesn't matter if you promote Blockthestream fulltime as a volunteer or as a paid shill. Developer decentralization can not be prevented.

As I wrote, the price went up because everybody knows now that there is choice. If the blockstream core devs will be stupid enough to prolong the stalemate into the next txs explosion, their implementation can be replaced by at least another one that is ready. The more alternative implementations we get, the better.

6th? I'd say more like 3rd, after USD and EUR

I didn't want to read this but I suppose it has to be expected. This kind of move can't be sustainable. Long term bitcoin could be anything but such a violent upturn based on pretty much no solid positive news will have to meet some kind of correction sadly. Hopefully we can stay around 330-360 though & not fall lower.

But soonish. Core's (blockthestream inc.) attempt to take over bitcoin got REKT.
They got competition by implementations that are ready for the next bubble.
Developer centralization is over. Totalitarianism doesn't work here.

Not only that, downstream users, rely on Bitcoin Core because they know it has the expertise and stability. XT has nothing, in the short time of it’s existence, hardly any changes have been merged, and what has been has deep technical flaws. Meanwhile Bitcoin Core has made literally hundreds of improvements.

Sixth ? 

Try 1st.