Well, Ripple has a great platform for banks to compete with Bitcoin but again it's not the idea of decentralization and hence doesn't fall under the category of democratic cryptocurrency such as Bitcoin. On the other hand, I do see growth opportunities of XRP if someone is willing for speculative gains out of it. I don't think it's going to overtake Bitcoin in any way because, at any given point, decentralized power would be much more than the centralized power and we will see multi-fold increase in Bitcoin user base along with the improvements in core areas such as transaction fees.
You got some strange ideas in your head about bitcoin. Bitcoin is not democratic. There are no bitcoin elections. You do not have a say in how it’s developed, mined or exchanged for fiat. It does not favor social equality and it is not egalitarian in any way. The only way I can see bitcoin mimicking any current democracy is that the very small minority of rich people control all of the wealth. Bitcoin is nowhere near decentralized. 99.995% of the humans on the earth have no idea how to code C++ and think internet protocols are those red marks you get on your genitalia when you masturbate to internet porn. These people rely on the 0.005% that do understand it to tell them bitcoin is working fine. That leaves development completely centralization. Most people (even computer savvy people) on this forum still have no idea how Ripple works. Mining (bitcoins security system) is in the hands of a very few wealthy mining consortiums (based in some of the most oppressive countries in the world, btw) that meet regularly to determine the future of bitcoin. This small group is so powerful that they were able to stop a necessary blocksize increase from happening. That’s a more centralized system and has far fewer members than the US governments executive office of the president which has over 4000 people working there. Bitcoin exchanges are limited to one or two separate entities located in a small handful of countries and have proven to be the most manipulative component of the bitcoin ecosystem. BTCe and MtGox manipulated and robbed tens of thousands of people worldwide. Coinbase (americas powerful bitcoin exchange) is in the middle of an internal audit because they discovered insider trading happen right under their noses. That is the least decentralized part of the whole system. You need to get those crazy notions out of your head, wake up and smell the roses because they smell like shit. |
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Hi guys, I study information security for some time, which always makes me curious is to know if there is a real police information security. I would like to know if there is any study to create: - Development cycle of verses - test cycle and improvements. - Bug Report Security and a security committee The most I found on the subject was: https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposuresno contacts or even how these CVEs were internalized. my intention is to contribute with information security tests. carefully The CVEs were discovered slowly over time by different developers as a part of the development process. Bitcoin has no oversight whatsoever ever at any level. There’s no oversight over development other than by other devs with a vested interest but there’s no third party oversight. There is no oversight of mining at all. In fact, most of the pool mining software is proprietary and unknown to all but the mining farm operators. Exchanges have no oversight other than government oversight in the country where the exchanges are based. Governments have attempted to keep their stupid, gullible citizens from harm but (as in the case of MtGox and BTCe) that effort has mostly failed. Most wallet software is transparent but failures leading to hacking and theft are commonplace and there is no Federal Depositors Insurance or other type of mechanism to return “bitcoin banking” depositors money back in case of a failure. Bitcoin is a railroad boxcar full of cash waiting for a train robber to jump on board. thank you very much for your return, much of what you said I agree. I really liked what you said: Bitcoin is a railroad boxcar full of cash waiting for a train robber to jump on board.
There’s no oversight over development other than by other devs with a vested interest but there’s no third party oversight.
Do you know of any that need help with tests? Thank you very much for reading the topic and responding very consistently. You can find the current list of open issues on GitHub. https://github.com/bitcoin/bitcoin/issues?q=is%3Aopen+sort%3Acreated-descBitcoin core is here: https://github.com/bitcoin/bitcoin/You contribute by offering patch proposals using pull requests here: https://github.com/bitcoin/bitcoin/pullsDiscussion is mostly here: https://webchat.freenode.net/?channels=%23bitcoin-core-dev&uio=MTY9dHJ1ZSYxMT0yMTU87If all you want to do is test then you should ask core devs if they need that kind of help and let them direct you. Bitcoin-Qt (Core) is mostly written in C++. A working knowledge of Python and Java would help. The Bitcoin network (not the client software) is a set of protocols and network standards (like IP, TCP, UDP, HTTP, FTP, ARP and ICMP) and is in natural language so you should have a working knowledge of how protocols work too. I give the devs a lot of shit sometimes but there is no doubt they need to know their stuff and have a ton of knowledge to play on that ballfield. |
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If you could choose one that would implement Bitcoin payments, what would it be? I'd say Amazon.
Amazon is a good selection as they are accepting almost all country products, apart from this online company i will also add flipkart which is also a good choice from my country point of view. I wouldn’t expect any retailer with a competing product to start accepting bitcoin anytime soon.   |
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I’m not sure this old thread is even a relevant discussion any longer. Oh sure, you could probably still discuss the fact that core devs are rude little nerd pussies with a god complex but that’s hardly a productive discussion.
Lightning is just about to take off and fix the rest.
Of course value and price are not the same thing. If you ever run across anyone again that thinks they are equal explain it this way. You are stuck in middle of the Sahara desert without water. A helicopter landed offering to sell you water for $10,000 a gallon but could not take you with them. You would buy the water with every dime in your bank account because the water has enormous value to you. Does that mean the new price of water globally is $10,000 a gallon? No.
You need schnorr with valueshuffle and LN for bitcoin to really take off. LN alone wont do.. bulletproofs may help Sure, if you assume huge transactions requiring multisig for drug dealers and illegal arms salesmen will be the only people using bitcoin. The rest of us don’t need that for LN to work. |
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The property industry in general. People who want to buy a home or land with Bitcoin face the biggest head aches in terms of cashing in those amounts and you'll probably never want to cash in anywhere near that amount again. If BTC was commonly accepted for property sales that would put many a mind at rest I'm sure.
You'd still have to cash out a bit for capital gains if you're subject to them, but that's a much smaller ask.
No doubt, that would be good for large holders But if we cut the crap here and ask ourselves a simple question, i.e. how high is the demand for homes paid with bitcoins, we will likely see that the market doesn't want Bitcoin. To pt it differently, how many people actually keep half a million dollars (or more) as bitcoins? I don't think that many. And how many of them want a new home? I suspect even less than that. In fact, from what I read here, the demand is really low. On the other hand, if you are going to buy a home or some other property on the secondary market, you can likely find a seller willing to accept bitcoins or some other crypto as payment deisik, I’ve told you this before. Stop trying to use logic and reason on this forum. It just confuses the natives. |
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I’m not sure this old thread is even a relevant discussion any longer. Oh sure, you could probably still discuss the fact that core devs are rude little nerd pussies with a god complex but that’s hardly a productive discussion.
Lightning is just about to take off and fix the rest.
Of course value and price are not the same thing. If you ever run across anyone again that thinks they are equal explain it this way. You are stuck in middle of the Sahara desert without water. A helicopter landed offering to sell you water for $10,000 a gallon but could not take you with them. You would buy the water with every dime in your bank account because the water has enormous value to you. Does that mean the new price of water globally is $10,000 a gallon? No.
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I know many of you think bitcoin is money that is rising in value because lots of people are using it to make their daily purchases. That’s simply not true. Bitcoin is rising in value because the big bad rich boys of bitcoin are manipulating the market to make a shit ton of money by taking it from the simpletons that are buying .05btc and hoping to be a millionaire from that someday.
Are the “real users” of bitcoin going to be able to manipulate the market faster with Lightning? Are these rich “real users” going to be able to day trade even faster making bitcoin even more volatile? The bitcoin blockchain at that point will become little more than a reconciliation ledger. It will take a while for the blockchain to catch up with enormously fast day trading. Will that increase in speed cause some day traders to lose money? Will trading speed wipe out some of the few big bad rich boys and return bitcoin back to the people? Will super speed trading increase the ability to arbitrage between exchanges?
I think Lightning is going to make bitcoin a super forex trading wet dream on crack. This shit is going to be fun to watch.
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The article is too long and quite boring to read, using many weird metaphores that may not able to be into my head.
But still, i kinda know his point. He doesn't mean that bitcoin is a scam, because of course it's not.
He means that bitcoin is actually doesn't have value at all. Bitcoin is just a number, it has no value at all. Moreover it doesn't have a shape. Unlike the $1 bill that has shape, and surely has its value.
But still, he doesn't know the advantages of bitcoin yet that's why he still say those useless things.
For someone that supposedly doesn’t understand, you came closer than anyone else in this thread. Bravo! The reason he is is saying those things is to warn people. Think of it this way, Wall Street investing isn’t a scam. The way the Bernie Madoffs of Wall Street sell the investments is a scam. If you look at all of the crooked pitch men of Wall Street it’s enough to make you never want to invest in their schemes. Wall Street investing isn’t really worth all that much to the average investor anyway and the risk is way too high for something with very little value. Same with all of the scams in bitcoinland. If you look at all of the crooked pitch men in bitcoinland it’s enough to make you never want to invest in their schemes. Bitcoin investing isn’t really worth all that much to the average investor anyway and the risk is way too high for something with very little value. The last thing he said is, “So, if you find the idea of thinking of Bitcoin as simply a number is too simplistic, then just think of it as a money bag with a lock, the internet version of this. Money goes from transmittor to transmittee, and the transmittee gets a unique code to unlock the bag. What's that really worth?” |
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This is a predominantly English speaking forum. The first thing you should do is learn how to write a somewhat coherent sentence in English.
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The thing annoying its still Bitcoin Fee its ridicolous .
Hey bro! How’s prison treating you? Seen any good fat black cocks lately? You aren’t switching to altcoins in 2018 are you? You made some serious bank with bitcoin. Don’t you wish you had used some of them to relocate to another country. LOL |
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The answer to this is so simple. ‘Listen you little brat, as long as you live in my house you’re going to use bitcoin! Now, get upstairs and clean your room or I’ll feed you rehydrated dog shit for dinner (McDonalds).”
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No!
Altcoins=bad bitcoin=good
Buy lots of bitcoins and hold them forever so I can get rich when I sell mine.
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Hi guys, I study information security for some time, which always makes me curious is to know if there is a real police information security. I would like to know if there is any study to create: - Development cycle of verses - test cycle and improvements. - Bug Report Security and a security committee The most I found on the subject was: https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposuresno contacts or even how these CVEs were internalized. my intention is to contribute with information security tests. carefully The CVEs were discovered slowly over time by different developers as a part of the development process. Bitcoin has no oversight whatsoever ever at any level. There’s no oversight over development other than by other devs with a vested interest but there’s no third party oversight. There is no oversight of mining at all. In fact, most of the pool mining software is proprietary and unknown to all but the mining farm operators. Exchanges have no oversight other than government oversight in the country where the exchanges are based. Governments have attempted to keep their stupid, gullible citizens from harm but (as in the case of MtGox and BTCe) that effort has mostly failed. Most wallet software is transparent but failures leading to hacking and theft are commonplace and there is no Federal Depositors Insurance or other type of mechanism to return “bitcoin banking” depositors money back in case of a failure. Bitcoin is a railroad boxcar full of cash waiting for a train robber to jump on board. |
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There's this Einstein's famous saying “God does not play dice.” Though it was highly overconfident of him to pre-assume existence of God and even to comment on God’s habits and personal Gambling preferences, but no doubt, It shows that even Einstein believed in God.
Then how can we dare to say anything else?
Just another way that religious fools misinterpret everything. Einstein himself even cleared up the matter in a letter he wrote in 1954: I do not believe in a personal God and I have never denied this but have expressed it clearly. If something is in me which can be called religious then it is the unbounded admiration for the structure of the world so far as our science can reveal it. The second half of the quote — "does not play dice" — is often misunderstood, too. It's not an affirmation of destiny. The phrase refers to one of the most important theories in modern physics: quantum mechanics. It describes the weird behavior of tiny subatomic particles. It's also the guiding theory that led to critical technologies like nuclear power, MRI machines, and transistors in computer and phones. It's true that Einstein never accepted quantum mechanics, but the reason was much more nuanced than a flat-out rejection of the theory. After all, Einstein won a Nobel Prize in 1921 for describing the photoelectric effect — a phenomenon that led to the development of quantum mechanics. The reason for the quote is to express how bizarre quantum mechanics is as a theory. While most of the universe is deterministic and measurable, quantum mechanics says there's a world of tiny particles behind everything that's governed by total randomness. |
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I had no idea there were so many stupid people in the world. I guess that’s why the same bitcoin scams keep working over and over again. There is no end to the number of idiots bitcoin can take money away from just like there’s no end to the number of idiots modern churches can take money away from.  |
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Cross-chain atomic swaps will help whatever cryptocurrency becomes the predominate one. Not just bitcoin. Joseph Poon and Thaddeus Dryja are going to become famously wealthy regardless of which crypto wins. Congrats!
Why should anybody use this if Bitcoin (Cash) will solve this in a single cheap cash coin? Do you know that Lightning Network and Ripple were dating? They fucked and made a gay son named Lightning Ripple McQueen.  The above is more likely than BCH becoming anything more than another one of Roger Ver’s perverted attempts to control bitcoin. Anybody that supports bcash is clueless. |
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I don’t think bitcoin (in its current form) will ever disappear completely now because of several factors.
The Wall Street ETFs and investment futures conmen don’t care how fast the network is (in fact they are afraid to change it) because they don’t trade bitcoin, they trade futures. You buy or sell a futures contract based on whether you think bitcoin prices are headed up or down. Eventually, I expect the CME to create options on futures contracts: traders will be able to buy and sell “puts and calls,” the right to buy (a “call” option) or sell (a “put” option) a bitcoin futures contract at a particular price by a particular date. They don’t do anything to help bitcoin just as they don’t do anything to help orange pickers pick oranges just because they trade in Frozen Concentrated Orange Juice.
The first bitcoin miners are holding roughly 40% of all bitcoins in existence. They want the bottleneck because that’s creating major price swings that generate the profit levels that allow them to sell out thousands of bitcoins with each swing upward. It drops they wait for new blood to enter the market then sell down slightly maximizing their profit. If the bottleneck was removed, evenly metered buying and selling would happen as bitcoins currency economy grew and bitcoins exchange rate would stabilize. That’s because the velocity of money increases price stability. Everyone on this forum subscribes to the quantity theory of money and completely abandons understanding the velocity. If you sold thousands of coins at that point the exchange rate would stabilize at the new lower exchange rate. The first bitcoins you sell would sell for much more than the last ones you sell. If you were one of the group of major holders sitting on millions of bitcoins, in this scenario the first coin you sell would make you $20,000 the last coin you sell would make you a dollar.
These two groups need to support the status quo. I’ve seen so many people on this forum look at the blocksize issue and fee issue with confusion and disgust because they fail to realize that bitcoin is the most manipulated commodity the world has ever seen. It’s that way for a reason, the people holding all the chips want it that way.
In short, the fees are being kept high and the block size problem isn't being resolved to make the price stay on the same level so that long time holders can finally get rid of their coins. Your theory suggests that people who have a lot of coins don't want them and prefer fiat instead. Why would they? On one hand the coin is still multiplying their profits, and I'm not talking about unrealized potential profits but real ones that they can turn into physical things in a matter of days. One example can be the number of people offering real estate, cars, gold bars and other valuables for BTC. It could be difficult to cash out 10 million USD, but I've seen a number of properties worth over 1 million up for sale. On the other hand, they are risking a major exodus if the fees keep rising. You know that if you throw all your coins on the market at once some of them sell for $11k and some for $1k but if you wait it out you may one day wake up to $5k per coin and this will make you get even less fiat. I believe that the majority of holders don't concentrate on the ways of dumping their coins but turning them into real items. And let's not forget about people who already have millions in fiat. They don't want more fiat, they want an alternative that will work like an umbrella during a major shitstorm. Don’t forget there are more than a million bitcoins in the hands of thieves that don’t care about bitcoin. There are also not nearly enough planes, trains and automobiles available for sale to use for all the horded bitcoins out there. Bitcoin real estate typically sells for over market value if you use bitcoins to pay (real estate agents aren’t stupid, they know they will never be able to sell $5 million in btc for the same price per coin). Any business savvy investor knows better than to use something like bitcoin as a long term store of value any more than they would use dollars as a long term store of value. |
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It won’t last if customers don’t allow it to last. It’s probably won’t last anyway. They need the money right now to pay their attorneys to get out of the insider trading scandal.
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The Australian dislike for bitcoin put Jeremy from SpendBitcoins out of business long ago. This is not “fake” news this is old news.
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It’s not 70%, it’s more like 60%. Supposedly, only 21 million bitcoins are in existence (however invisible, digital and intangible that may be). It is said that a thousand early buyers of the digital coin own fully 40% of the world’s supply. (And I bet ya dozens of these bitcoin billionaires are drug smugglers, given that’s how bitcoin got its start.) You are betting on the honesty and integrity of drug dealers when you buy bitcoin as a long term investment.
Um, how do you become a drug baron with Bitcoin when it was only possible to mine or buy truly epic amounts when it was effectively worthless? One shipment of 'shit' would've wiped out the market completely. Silk Road only came along in 2011 long after when most of these people were already established. Drug buying with bitcoin is still happening today. Hell, there’s a long still popular thread on it. Silk Road made it well known but it wasn’t the end of it. Surely you don’t think drug king pins sold all of their bitcoin holdings the minute they got them while watching the price continually rise? DPR sure as hell didn’t. The US government became the largest holder of bitcoins for a while because of his hoarding. El Chapo didn’t get to be rich because he made bad business decisions. LOL |
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