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901  Bitcoin / Development & Technical Discussion / Re: Don't we need to increase block weight/size? on: January 16, 2018, 03:59:02 PM
Increase cost in running nodes, and would hinder decentralization, usual and still hypothetical reasons they give out.

Are you joking because just now we are so decentralization that we have 20,000 nodes processing a mere
seven transactions per second and the development team have been happy for these miners to all share the cream
on top of the cake and charge us silly fees.

From another perspective we have 90% of mining pools being owned by ten big names
See https://blockchain.info/pools

Lightning network also becomes centralized around hubs that charge fees, maintain private ledgers
and therefore are know to the rest of the world as banks and what about this fantastic concept of
"Public block-chain" we have been sold for the past eight year or do you not see the contradiction here.

See https://www.youtube.com/watch?v=UYHFrf5ci_g
or https://www.youtube.com/watch?v=MpfvhiqFw7A but you will need to watch this to the end
902  Bitcoin / Development & Technical Discussion / Re: Don't we need to increase block weight/size? on: January 16, 2018, 03:48:16 PM
Carton, would it be fair to say that the Lightning Network would function like Ripple but with a few differences like, Lightning channels are backed by real Bitcoins while a Ripple "trust" channel is backed by nothing but an IOU?

Are you saying that BTC is backed by something else like gold and not just IOU's

Ripple is fantastic apart from it being owned by bankers but lets face it the BTC miners
and development team are taking us for dick-heads with the speed and fees so maybe
your being a little bias towards XRP with all due respect

903  Bitcoin / Development & Technical Discussion / Crazy plan for Bit-Coin-Copper (BCC) but it's good on: January 16, 2018, 03:37:08 PM
The USD was pegged to gold once but the bankers started to fake the gold until
the french asked for payment in gold in 1973 from the Americans and then the USD
got pushed off the gold standard.

USDT is pegged to the USD but lots of people are crying fowl !
https://www.reddit.com/r/btc/comments/7d9jz8/bitfinexs_tether_usdt_printing_fraud/

Quote
No one is arguing the other side because there is no evidence for other side, including Tether themselves. The more you research Tether and their bogus USDT, the more you will come to the same conclusion that everyone else does: TETHER/BITFINEX ARE A FOCKING FRAUD. You try and create an argument for Tether... good luck!


------------------------- White paper with color you all love  Cheesy --------------------------

Bit-Coin-Copper (BCC) is pegged to the price of BTC at a ratio of 10,000:1
Deposit of 1 BTC is deposited on Bitcoin block-chain (Working capital)
BCC now has a buffer of 1,000 coins without any mining bullshit and silly program code
BCC Public key in BTC block-chain becomes public and is a Well Known Address. Copper Public Address (CPA)
Genesis node in BCC block-matrix is created with a balance of 1,000 coins  (Working capital)
Wallets will contain the usual BCC public/private keys but must also contain users BTC public key

Payments made using BTC and sent to CPA will become new mined coins on the BCC ledger
and result in coins being added to the persons BCC wallet at ratio of 10,000:1 but will need the wallet to
synchronize with BCC nodes and send the BCT public key to the BCC nodes to credit the account with BCC

The balance of the BCC ledger should always total close to the amount held on reserve in
the BTC block chain with the key CPA and the public are welcome to check the balance but the key
point here is that person topping up a wallet has to pay the BTC miners fee during the transaction to
convert BTC to BCC.

All send and receive transactions now take place on the public BCC block-chain and are independent
of the BTC block-chain and the transaction fee will be fixed at $0.10 that becomes adjusted once a day
(Micro transactions charged at $0.01 but is subject to availability of the network)

The BCC network will always have enough BTC on reserve to pay anyone in Bitcoin who want to cash out
but this will be subject to the BTC miners fees and the amount will be deducted from the BCC wallets balance.

---------------------------------------- End white paper, see us on twitter clap trap ----------------------------

The above will create a new Bitcoin Copper Coin block chain and the coin will always have value
as long as BTC maintains a value and also achieves a degree of accountability which is a lot more than can be
said for other ICO's peddling hens teeth so what do you think apart from having to rely on me not emptying the
BTC account and running off with the money to live in the sun.

 

 








904  Bitcoin / Bitcoin Discussion / Re: Bitcoins in place of cash on: January 16, 2018, 01:41:02 PM
Right now Bitcoin charges high tax on small transactions and takes time to confirm so its not really good for small transactions, I don't think its possible to use Bitcoin for your daily expenses BTC is more like a long term investment IMO.

Well that's like saying get paid in $USD but you must use £GBP when you do your shopping
and if Bitcoin cannot provide a total service then move over and let something else take over

Quite simply BTC won't scale and the fees have become a rip-off so if the digits don't offer something
of use then no point using it unless another digital currency was brought out and it's value was pegged
to BTC at say 100,000:1 and people could trade in that but demand payment in gold which would be BTC in this case.

Yes this is how fiat once worked so maybe it was crazy to suggest that we could repeat history
905  Economy / Speculation / Re: BITCOIN rate plummets Discussion!! on: January 16, 2018, 01:02:25 PM
China banning i c o was like a bad news that affected all the cryptocurrency prices then, but later stabalize.
Am sure this will only affect for some weeks and return to normal..

Yes Tulips had bad weeks too before it went bang and clearly the market has the jitters so do you think
this is founded or not given 1000% rises in prices we have seen and I am talking of that in one day
on some coins ?

Make no mistake it's a bubble and we are gambling and the value of BTC is all based on faith but
given the transactions fees I have lost any faith in the development team so yes the price might well
bounce back but the tires are getting flat on this one IMHO
906  Bitcoin / Bitcoin Discussion / Re: Will direct peer-to-peer Bitcoin transactions be possible in future? on: January 16, 2018, 12:07:19 PM
I think you mean p2p without miners but if this was allowed then how would the developers
make any money but i must admit that i like the plan but let me just calculate the transaction
costs

$0.00000000000000000001 = ISP cost of sending data

We just need some type of autonomous currency unit to make this work and then
I can save $30 in fees when sending you $1
907  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Safe Trade Coin (XSTC) 🚀⚡✅ REBOOT | Revival XL ✅⚡🚀 on: January 16, 2018, 11:28:51 AM
See https://coinmarketcap.com/currencies/safe-trade-coin/

Today other coins are dropping but this one is up 600% plus

Did someone just press a switch
908  Bitcoin / Bitcoin Discussion / Re: I am worried! on: January 16, 2018, 11:15:28 AM
I think the coin that will bounce back the slowest is Bitcoin because of the mental high fees
and people really not liking to be mugged at the door.

Now is a good time to look for coins that are bucking the trend just to make a note
and don't be so convinced that it's all due to South Korea because we are being
played
909  Economy / Speculation / Re: BITCOIN rate plummets Discussion!! on: January 16, 2018, 11:08:18 AM
My stop-loss at $10,000 on BTC could trigger that I put in place due to high
tx fees pulling the price down of Bitcoin so it's no panic move on my part
if I jump out but I am not sure the drop across all alt-coins has much to do
with South Korea at all myself because Ripple is down like all the others
and that should in theory offer some protection against government
regulations

Just like on 9/11 we are being given half truths and taking it as if it's facts
910  Economy / Speculation / Re: When 20.000 again? on: January 16, 2018, 10:57:19 AM
Nobody knows when price will move up again not even the experts.. I am currently trying to accumulate more at these levels since I'm seeing a sideways trend.

I am seeing a slight downwards trend myself due to high fees and people not
being prepared to put up with excuses but the mini crash today has nothing to
do with it and I am not sure that South Korea has much to do with it.

Even Ripple is down and that should profit or be resistant to new government
regulations but it's not today so logic has been thrown out the window
911  Alternate cryptocurrencies / Speculation (Altcoins) / Re: alll coin going down. what should we do? on: January 16, 2018, 10:50:51 AM
Something not logical is going on here because bankers like ripple
and that too has gone down today and should not be effected so
much by government regulations and might even be expected
to profit

Good news is fees should go down because that's been killing the
price of BTC for the past month anyway
912  Bitcoin / Bitcoin Discussion / Re: ETC can overtake BTC? on: January 16, 2018, 10:45:02 AM
I would say yes and logic would say that Ripple could overtake both of them
because governments like ripple but it's price crashed today like all the other
coins due to regulations from South Korea

Maybe more is going on here than we know
913  Economy / Speculation / Re: I'm officially sick of the bitcoin price right now... on: January 16, 2018, 01:43:44 AM
Crypto is gambling... looks like we run out of people who love risk . It's over...

And i was thinking that I'm in this church all alone but i can see we have hope yet.

It's would had gone on much longer here if they only kept the fees lower and when it
was just about to explode they blew it but not in a sexual way.

Yes i would had given it $50,000 but the trust has been broken now but maybe that's a good thing
for other alt-coins and they will survive on gains close to 100% p.a and not 1000%

I get this feeling that your in danger of getting away with a profit and good luck to you sir!
914  Economy / Speculation / Re: I'm officially sick of the bitcoin price right now... on: January 16, 2018, 01:37:03 AM
how much longer do you think it will take before btc goes back on the upward trend again?  It just seems like a really long sideways movement.

Your asking a leading question and it might never reach $20k again or do you think the price drop might be connected to
crazy Tx Fees from miners and trust in the development team has been destroyed.

It's your first love, don't worry, plenty more fish in the sea but stick with top brands and do more research or at least
have a stop loss in mind for getting out of BTC and hope you will never need to use it

Mines at $10,000 and "let the trend be your friend"
915  Bitcoin / Bitcoin Discussion / Re: Carrying Hardware Wallets When Traveling Internationally on: January 16, 2018, 01:23:44 AM
The price of the Nano S has doubled in the last few months so they must be following the
BTC miners and keeping a low supply in order to push the price up.

Don't worry if you get mugged abroad, they only wanted the Nano and not your coins
held on it

Might get one myself when they are under $30 but just now it's like buying special
Tulip soil that will be dirt cheap again after a major blow-out

916  Bitcoin / Bitcoin Discussion / Re: bitcoin transation fee can be reduce??? on: January 16, 2018, 01:17:08 AM
Because the value of the bitcoin is so high, the miners ask for the corresponding high value so there is no way to reduce the bitcoin transaction fee unless you stop using bitcoin. Excessive transaction costs have caused some traders to refuse to trade the bitcoin due to overcharging, but if you have to invest, you have to accept this if you want to get a profit from it.

The only way to profit since fees went sky high last year is to be going short against BTC and in less than a month we have seen 25% of
all profit removed so I must assume your a traders in the "Know" right !
917  Bitcoin / Bitcoin Discussion / Re: bitcoin transation fee can be reduce??? on: January 16, 2018, 01:12:13 AM
At the moment the bitcoin network is just overloaded, and the price of bitcoin is too great for standard commissions. Just wait until the Lightning Network.

Please educate yourself better about lightning because the hubs are mini banks
See https://www.youtube.com/watch?v=MpfvhiqFw7A

Hate to say but not only will you wait six months because the miners are having a ball of a time
with fees but LN does not do what it says on the box
918  Bitcoin / Bitcoin Discussion / Re: CryptoStagnation on: January 16, 2018, 01:01:29 AM
Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?

You mean pump and dump like we get from whales or fees making us all look stupid.

The real danger is a "lock-in" if too many of us head for the doors at the same time because
it's single file only (7 TPS) and the place is packed so unless your going to tip the mafia bounces (Miners)
like $500 to get out early then in plain english, your stuffed and will burn to death in the fire.

919  Bitcoin / Bitcoin Discussion / Re: What is your top of crypto wallets? on: January 16, 2018, 12:51:24 AM
So you can read about different wallets all day long - Exodus, Jaxx, Electrum etc. - they all have one weak point; you need your laptop to use them.
let's discuss

Jaxx works on Android phones, install to MicroSD card but swap card/remove when not using. Nice app and comes with
ShapeShift but no good if you like Ripple and if using PC and you like Ripple then you need Exodus Eden or Toast if using
android.
920  Bitcoin / Bitcoin Discussion / Re: What is your top of crypto wallets? on: January 16, 2018, 12:46:48 AM
What do you guys think about Exodus? If I wanna have a crypto portfolio in several coins I think multicurrency wallet is really comfortable. But I'm not sure about it's security cause it's a desktop wallet.

Looks a good wallet but they lie when they say "Import private keys" because it sweeps the coins from the
account into Exodus using the new account from Exodus which might be fine for ETH but it's not fine with
BTC when the miners fees can be as high as $55.00

I understand why Exodus works like this because the accounts are generated from a seed but they
hide this fact on the web-site and "Import" button should do what it says on the box and not a sweep

Jaxx is good, too lazy to say why but only use from Android phone and keep it on it's own MicroSD card
and swap cards when you need to use it.

Toast for Ripple looks crap to me but it works I guess
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