not sure you really need Blockchain per se. Blockchain's purpose is decentralized consensus, but the www purpose is free sharing of information.
It is the fault of the people who created the "blockchain" into a buzzword. People like Don Tapscott, who is a professional book writer and not a coder, who says that the blockchain will rule the entire world and it will our world a better place. He is like a snake oil salesman. The sad thing is a lot of Bitcoin newbies are listening to him In fact, I don't know who is Don Tapscott Good. He passes himself as a kind of blockchain expert. But he is anything but. So he is unlikely to be a good writer (otherwise I would have heard about him), but if he doesn't tell outright lies, he may still be making Bitcoin a good service by spreading knowledge among laymen and newbies. If he gives the people the wrong ideas and making himself look very smart for the purpose of selling books then he would arguably be considered a scammer. After all, do you deny that Bitcoin could make the world a better place or claim that Bitcoin is a snake oil? In the end the world may remain the same as before (i.e. as bad a place as it has always been), but Bitcoin is certainly not a snake oil
He is selling blockchain snake oil, not Bitcoin. Go look him up on Google. |
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The banks should start to worry once this Bitcoin scaling problem has been
resolve bitcoin shall continue to progress and should be able to break the $1400 barrier.
Then many countries shall start to adopt bitcoin as a payment method and in time this digital currency shall replace the banks fiat currency.
Really? Has it really been resolved? The scaling debate is still escalating in my opinion and it will not end until Segwit is activated. A hard fork to Bitcoin Unlimited is out of the question. They should get an excellent development team if they intend to take the risk of a hard fork. |
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I don't mind pay extra when i use bitcoin if it's because transaction fees or only because the merchants offer discount if you pay with other payment method, not because the merchants increase the price more than 2% just because i pay with bitcoin.
However, i don't use bitcoin for micro transaction at this moment and usually i buy lots of goods together and pay all of them in single bitcoin transaction in order to reduce transaction fee.
But i think people don't have to think about transaction fee anymore when SegWit+LN or BU is activated.
I think you are making that up. Please show those transactions in the blockchain and I will take back what I said. There is only a very small part of the "Bitcoin population" that really buys with BTC. Most of that occurs in the dark markets. |
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Since the beginning of 2017 bitcoin traders have been focused on the ongoing developments between China’s central bank and bitcoin exchanges residing within the country.
Over the past two months, withdrawals have been suspended across nearly every major Chinese bitcoin trading platform with no word on when suspensions will be lifted.
For now, over-the-counter markets and Localbitcoins trades are the only options for big cryptocurrency traders in China, while the entire world wonders when Chinese exchanges
will resume withdrawals.
When do you think chinese exchanges will resume withdrawals?
I think Chinese exchangers will resume withdrawals depend on decision of government we don't know when is happen because still there are not announcement but if it happen becoming good news for bitcoin at China so gives them time to make desicion and discussion about it. I do not believe so. The People's Bank of China will keep extending the ban on withdrawals until the exchanges themselves will voluntary close because of the lack of users and profit. Check the prices of Bitcoin in the top Chinese exchanges. They are among the lowest now. Before the ban they were the ones pumping the price. |
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not sure you really need Blockchain per se. Blockchain's purpose is decentralized consensus, but the www purpose is free sharing of information.
It is the fault of the people who created the "blockchain" into a buzzword. People like Don Tapscott, who is a professional book writer and not a coder, who says that the blockchain will rule the entire world and it will our world a better place. He is like a snake oil salesman. The sad thing is a lot of Bitcoin newbies are listening to him. |
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Big banks are worried about losing their profits to fintech companies such as bitcoin startups.Regarding Santander bank,the profit loss could be 10%, a leaked memo shows.The document shows that the bank charges six times more than its fintech rivals getting huge profits by giving customers poor exchange rates.They do this rather than charging customers high fees directly.It seems that Bitcoin has started to achieve the goal of liberating people from banking sectors,for what it was created by satoshi.
I don't know where you're getting that "leaked memo" from, but Bitcoin startups won't be taking nearly as much of the profits from banks as you think they are. Yes. Please show us the leaked memo or the link of the story relating to it. It'll take a long time for people to start actually putting large amounts of money out of banks and into Bitcoin. Even by any stretched estimates under 0.1% of people in the world are Bitcoin users, and most of those Bitcoin users won't have all or most of their funds in Bitcoin. The banks aren't threatened yet.
Many people here in the community, I have noticed, overestimate the usage and adoption of Bitcoin at present. They think that it will rule the financial industry in their life time. Most of the people who say this could be lacking in formal education judging from their English. |
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The reason for this might be tracked here: https://bitcointalk.org/index.php?topic=1865675.0Unfortunately the thread has been hijacked by non believers and sig spammers. So I thought about having a more mature discussion. Two situations: a) the price of the same good but it cost you 25 instead of 20 if you pay with bitcoins and not a damn visa Happened to this poor guy, yours truly, when trying to fap a bit on chat website. Joke aside unfortunately it happened also when I tried to purchase damn video card, and an extra of 7% was added so I said screw you!!!! Even if it were priced the same if I was to use Bitcoin, I would still fiat or a credit card. I will only use Bitcoin if I could get a good discount, or if I cannot pay with fiat or credit card, meaning if I had really no choice but Bitcoin. The dark markets is a good example of this.
b) the real problem nowadays with micropayments
The transaction fees are going up.
So if you buy like the guy who opened the other thread a cup of coffee, you might end up paying double because the damn fees.
And this is not good.
Micro transactions are getting killed. Insecurity and price jumps are making people to add extra when you choose btc checkout.
Micro transactions for what? Coffee like your example? Use cash and spare yourself the headache. What stupid person is using Bitcoin to buy coffee everyday. For the a case we have a solution. Boycott the damn gerbils.
But what we do about the micro payments.Abandon ship and discard them? Turn bitcoin into a store a value and large payments only?
Or go with the improvement? larger blocks ? LN ?
Before making your voice heard, try not to post some two line shit around , k?
I will go with the side that has good developers. If Bitcoin Unlimited was made up of better developers than Core then I could see myself follow them. Sadly they are not. |
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When do you think chinese exchanges will resume withdrawals?
Quite uncertain but i am concerned more on the market move after all this suspension will be lifted. What chinese traders are thinking to do when they will get their bitcoins in their hands from trading platforms.  they have had their bitcoin from those platforms it is their money that is tied inside of these exchanges and that is because it is tied to the banks. in other words a bank is required to deposit or withdraw your fiat to and from an exchange but bitcoin doesn't need it and you can do it on your own. and i thought they have resumed the process by now! it is strange because i can see their volume already picked up. This situation still remain unclear, yiu maybe right due to Okcoin exchange has normal exchange rate but Huobi and BTCChina show the price under normal price around $1000. After PBoC investigators discovered irregularities in the operations of the three biggest exchanges in there, those exchanges has announced to halt withdrawal for bitcoin and litecoin for a month to improve their anti-money laundering capabilities and prevent illegal transactions, but it's already two months and there's no any information about it.The People's Bank of China will not allow those exchanges to operate like they did before. They will only allow fiat deposits and withdrawals but not the deposit and withdrawals of cryptocurrencies. The risk for the PBOC is too much. They cannot allow their citizens to move value in and out without any control, and we know cryptocurrencies are very hard to control and track. |
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You can complain, but BU and/or Segwit don't seem to be winning over the miners.
It looks like it is a flawed system, the turkeys have to vote for Thanks Giving, why would miners vote to increase the size, when it means that transactions will get cheaper, so they will lose out.
I think someone might just have to fork Bitcoin without having 66% or whatever is 'required'. The current situation can't really last too long, it just makes Bitcoin look bad.
I am beginning to doubt the Chinese miners concern on the network and its users. They say they support Bitcoin Unlimited because it is good for everyone for the long term but what is happening? Nothing except someone spamming the network for their convenience. Do you know who the real supporters of Core are? The better part of the miners. Blame them. |
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It's a tie. Segwit has won on every department, but the hashrate is still blocked by a centralizing actor, which is ridiculous but that's how the system works.
UASF is an option, to attack this ridiculous centralization.
It is slightly bonkers that a handful of people can do this. Look at what Litecoin's getting up to with the prospect of Segwit and they don't have the slightest scaling problem either. It just goes to show how little vision the average miner who isn't enjoying asicboost has. That's why BTC will get segwit with either hashrate or UASF because what the people want, we didn't sign up for Jihan Coin where a single person gets to block everything else. So signal what users want or get UASF. you got things all backwards, Jihan isn't a threat to bitcoin. Blockstream is. It depends on whose side you are trying to be with. You have the right to argue for one side but it does not make it automatically right. Let us leave history to the judge of that. SegWit is a poison pill to bitcoin, and I'm glad litecoin is being a good labrat (because that's all they're good for) and takes the poison pill for us. Would care to explain why? It is easy to say one thing without fully understanding the situation. That is the reason why I ask a lot of questions so that I will learn the real issues and have the knowledge to make comments on them. maybe that will safe bitcoin.
but blockstream might just blame the death of litecoin on something else.
Death of Litecoin? That is funny. |
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BTC SHORT TERM:
Small pullback ahead? (+/-$50)
-Indicators saying yes
-Beartrap allert
-Uptrent will continue
Dont try to catch a falling knife because the risks are to big right now, so hold.
Happy trading all!
You are contradicting yourself. You are discouraging everyone from buying to avoid "catching a falling knife" but you encourage them to hold because you are saying the trend going up will resume. Would it not be better to buy will the price is dipping and hold more if the price is going up again? A bear trap is really a signal to "buy the dips". . Thats why its better to watch and enjoy. I dont contradict myself, that would make life really really dificult. That does not change anything. If you think the trend up will continue and you encourage everyone to hold then surely buying now is not "catching a falling knife". It is "buying the dips" because you expect the value to go up. True. Unless there is massive panic. The price now is quite high according to the chart so I try to warn people so that they dont get burned. Anyway the uptrend continues unless my indicators tells me otherwise. That is why I am saying you are contradicting yourself. You are saying one thing and then later you are saying another thing. Read your post I quoted. Tell me if that is not contradicting yourself. No. I made a bullish and bearish scenario according to the channelchart with a upper and bottom line. Dont trust people, trust charts. Let the market decide which direction we will go. Is there such a thing as a bullish and bearish scenario? I want to ask you, where did you learn how to analyze charts? Are you self taught like most of the "chartists" here? Because that is the problem in this forum sometimes. There are many people who act like they are real professional traders. |
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Not really. Segwit support is slightly going up, yes but it is not something to celebrate over. We should give it more time.
Like I said, I'm not a SegWit supporter per se, I'm just glad that miners are using it as an excuse to fight BU. Do you really think that will happen after their investment in ASIC and very large mining farms? They will impose their will on the network and use dirty tactics to get what they want.
Well, so far you've been wrong. Let's hope this continues to be the case. BU will hardfork before it gets activated, that's a near guarantee by this point. I doubt BU will have enough support to cause a fork. It's as strong as Ver's money, meaning that as long as he's making it a personal hobby and uses money to promote it it's getting somewhere, but it's a lost cause. People just don't like the idea, period. No amount of promotion or attempts to make fun of Bitcoin's current state via btc.com will make it happen. I am almost in the same opinion as you but I believe if Bitcoin Unlimited support reaches 50% and stays there, the hard fork will be inevitable. Everyone should start preparing for replay attack protection. |
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Not really. Segwit support is slightly going up, yes but it is not something to celebrate over. We should give it more time.
Like I said, I'm not a SegWit supporter per se, I'm just glad that miners are using it as an excuse to fight BU. What? You confuse me. Is it not the other way around? The miners support BU and are using that to oppose Segwit and Core. Do you really think that will happen after their investment in ASIC and very large mining farms? They will impose their will on the network and use dirty tactics to get what they want.
Well, so far you've been wrong. Let's hope this continues to be the case. BU will hardfork before it gets activated, that's a near guarantee by this point.I thought you said support for Segwit is going up and the support for Bitcoin Unlimited is going down? Now I am really confused by you.  |
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BTC SHORT TERM:
Small pullback ahead? (+/-$50)
-Indicators saying yes
-Beartrap allert
-Uptrent will continue
Dont try to catch a falling knife because the risks are to big right now, so hold.
Happy trading all!
You are contradicting yourself. You are discouraging everyone from buying to avoid "catching a falling knife" but you encourage them to hold because you are saying the trend going up will resume. Would it not be better to buy will the price is dipping and hold more if the price is going up again? A bear trap is really a signal to "buy the dips". . Thats why its better to watch and enjoy. I dont contradict myself, that would make life really really dificult. That does not change anything. If you think the trend up will continue and you encourage everyone to hold then surely buying now is not "catching a falling knife". It is "buying the dips" because you expect the value to go up. True. Unless there is massive panic. The price now is quite high according to the chart so I try to warn people so that they dont get burned. Anyway the uptrend continues unless my indicators tells me otherwise. That is why I am saying you are contradicting yourself. You are saying one thing and then later you are saying another thing. Read your post I quoted. Tell me if that is not contradicting yourself. |
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It can be seen as also the miners' fault. Core does not have all the power to change everything. They have a proposal, it is Segwit. It is clear that the support behind it is not enough, then why blame everything to them? The miners are also at fault here. I have a feeling they want everything to stay as is so that they enjoy more profit if the fees remain high.
It could also be them who is spamming the network. Spend a little in fees to get a little profit in fees.
Imagine two mechanics own an autobody shop and there's a car that needs an oil change. One guy wants to do it the simple way: drain the old oil, and pour in the new oil. The other mechanic says "no no, we can't do it that way, we might spill some oil, so we're going to do a fancy engineering project that will cost 5000x as much. It will involve dissassembling the car, building a separate garage, its going to take 2 years, but that's my plan." If the mechanics disagree, who's fault is it?Raising the blocksize is the obvious simple move (literally 1 line of code), and it was the Satoshi's plan from the beginning. Miners all favored it, but it was Core who blocked that with their influence, and then came out with segwit which is
literally 5000 times more complex (5000 lines of code). You decide who is at fault. Then why are the miners taking too long to do the hard fork to Bitcoin Unlimited now? You keep blaming it is Core but they really are powerless if it does not get the support of the miners. You also say that Bitcoin Unlimited is supported by the miners, then where are they? Where are the bigger blocks? |
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Making him to sell his coins won't do any good to the bitcoin community. We just need to take bitcoin.com away from him and he will be no more. The only reason why we are still hearing his voice is because he owns bitcoin.com. And because that, he can deceive many people who knows nothing about the creators of bitcoin.
He speaks as like he created bitcoin just because he owns bitcoin.com. That's pretty fkn sick.
I dont know what Bitcointalk users think but I believe he is just a pawn. His talks are scripted, what he writes looks like someone else's motive. He does shtty advertisements sometimes. He acts likes he is the King of Bitcoin kingdom. I think it will be a blessing in disguise if he sells all of his coins. at least after that, Bitcoin users may not listen to him. Yes, I too am starting to think that. But he is not a pawn. Something more like a godhead for the whole conspiracy. He has a name in the Bitcoin world and he also has a lot of followers. A pawn is someone who is used, I believe Roger has a big say in their movement to topple the Core developers. |
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This is the forgotten issue. I believe the People's Bank of China will drag it on for years until the exchanges realize that they do not have any control on the matter. Some of the Chinese exchanges will close especially the smaller ones because of the shrinking volume. The exchanges left will have no choice but to wait and be under the boots of the PBOC.
PBOC may delay the withdrawal of bitcoins.Due to this,chinese gamblers have temporarily lost their ground in bitcoin trading.If PBOC had not taken this action,the chinese would have dumped their bitcoins during BU and hard fork issue resulting in a great fall in bitcoin price.BItcoin market has temporarily survived from the chinese gamblers. What are you talking about? You do not make too much sense! It would be the right time for them to dump now because the Bitcoins they have in the exchange is now useless. They cannot move them out and send them to their wallets. Dumping now and withdrawing their CNY is the better move. They cannot risk all their money trapped in those exchanges. Maybe you do not understand the situation. |
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When do you think chinese exchanges will resume withdrawals?
Quite uncertain but i am concerned more on the market move after all this suspension will be lifted. What chinese traders are thinking to do when they will get their bitcoins in their hands from trading platforms. they have had their bitcoin from those platforms it is their money that is tied inside of these exchanges and that is because it is tied to the banks. in other words a bank is required to deposit or withdraw your fiat to and from an exchange but bitcoin doesn't need it and you can do it on your own. and i thought they have resumed the process by now! it is strange because i can see their volume already picked up.It just shows what the majority of the Chinese think about Bitcoin. Just something to buy and sell so they can make some CNY. |
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Dear Roger, Please sell your fucking coins and GTFO so the rest of us can get on with our lives. Sincerely, The Bitcoin Community  Who are you to tell him or anyone else to sell and get out? If you are not happy why not sell your Bitcoins and you get out so you can get on with your life. It is not all Roger Ver's fault this is happening. |
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It can be seen as also the miners' fault. Core does not have all the power to change everything. They have a proposal, it is Segwit. It is clear that the support behind it is not enough, then why blame everything to them? The miners are also at fault here. I have a feeling they want everything to stay as is so that they enjoy more profit if the fees remain high.
It could also be them who is spamming the network. Spend a little in fees to get a little profit in fees.
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