Do you really think that the people who bought BTC cheap and held it all these years through the highs and lows were just "lucky"?
from experience most who held (from lows to highs) did so because they forgot about btc or ignored it for years LOL Yeah, that's what I think too. That's has more to do with dumb luck than mad trading skillz. Ver was an angel investor. I would expect him to have a bunch hanging around. This guy named James Howells bought something like 7,500 btc in 2009 and threw away a hard drive. He remembered he had some after the price went up and looked for the hard drive only to remember that he threw it away. That's like buying Apple stock at the beginning and throwing away the certificates. That's got to sting a little. Or maybe they super early adopters had a real plan from the beginning. What if Group Satoshi knew exactly what they were doing in creating the censorship resistant currency, this forum, the darknet market and the acquisition of the first BTC exchange from Jed McCaleb. It all started from there and the rise and rise of Bitcoin might be no fluke. |
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calm down guys... the source code was published this morning.
That is good news. Let us hope for the future the network the BU developers do a good job. Whoever wins, wins and hopefully the community will come together again. The losing side should suck it up and accept defeat'peacefully. |
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They're used to it. It won't have any effect at all.
Not all. I would like to think that a portion of the Chinese Bitcoiners are enlightened and know that they should stick it to their government in times that it is truly needed. Being a Bitcoiner could be one of those "sticking it to the government". If it was possible, I believe foreign exchanges should start getting a good number of those Chinese traders. If Localbitcoin's numbers are up then that means there is a good market for foreign Bitcoin exchanges there. I think they're all used to being shit on by their government, just like all murricans are used to bending over and letting the IRS rape them every April. No one is exempt. I doubt any Chinese are trading bitcoin for philosophical reasons. Sure, they are trying to use bitcoin to hide money from the government but they aren't "sticking it to the govt". They're terrified of the government. If you think about it, Bitcoin is the perfect medium for them to rattle the cage. The strict laws will subsidize BTC because of its disruptive nature. How is the volume of Localbitcoins over there. It must be rising by now. |
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Increase of BU adoption causes another 20% loss in value for bitcoin.
The question is when will it stop crashing? WILL it stop crashing?
The hard fork hasn't even happened yet and people already realize Bitcoin core is done.
You are so very wrong. The Core developers still has an ace up its sleeve to leverage the miners and the other people who are conspiring to fork Bitcoin away from Core. Plus you think the network is safer with the BU developers? They just released a closed source patch for their nodes. Avoid. |
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They're used to it. It won't have any effect at all.
Not all. I would like to think that a portion of the Chinese Bitcoiners are enlightened and know that they should stick it to their government in times that it is truly needed. Being a Bitcoiner could be one of those "sticking it to the government". If it was possible, I believe foreign exchanges should start getting a good number of those Chinese traders. If Localbitcoin's numbers are up then that means there is a good market for foreign Bitcoin exchanges there. |
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That's why we need to defend BU hard fork. Who doesn't want free coins, eh? Let them have their own shitcoin so we can't dump them for free btc's. Sounds pretty awesome to me.
If we don't have anything to fear, then why do we care about BU at all?
Voger Rer, or whatever the fuck he is called, has no coding experience. He doesn't understand a shit about it. He was a lucky early adopter, that's all.
This is the sad reality. He will be remembered as the man who tried to break Bitcoin if Bitcoin Unlimited fades into the background just like how Gavin Andresen's XT. Now where is Gavin? His contributions are overlooked but his Bitcoin XT hard fork proposal is always remembered as traitorous to Bitcoin and the community. Will the Bitcoin Jesus be renamed as the Bitcoin Judas? History will tell. BREAKING: BU developers release closed source patch because they are too incompetent to guarantee functional software. Users seem to be waking up and rejecting this scam:  |
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Can Bitfury sue the Core developers if a POW upgrade occurs? Do they have a legal basis for it?
Not really, no. Well then it would appear that Bitfury George was not only threatened but he is also trying to bluff his way to make Peter Todd stop playing with the idea of a POW upgrade. The developers should be thinking about it more and get the code ready just in case they need to do it as soon as possible. The greedy miners need to be leveraged so that they would be reasonable to deal with. The same to those who are conspiring with them. Lauda, do you think the Core developers are seriously thinking about a POW upgrade? Is it on the table? |
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Right after the hard fork will be the best time to buy, when everybody gets spooked. Worked out great that way with Ethereum. It bounced back.
Past perfomance is no true indicator of future returns. That is very true. The fork could be what kills Bitcoin to the enjoyment of the banks who are watching it closely. Amberwg1 also said that "right after the fork is the best time to buy". I disagree. The best time to buy is now before the hard fork. You would obviously should want as much Bitcoins to hold if the blockchain splits in 2. |
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I dont think thats a good idea. Primary currency? You mean national currency? Bitcoin as a primary currency is a bad idea. It could be a disaster in their economy. Imagine how bad their economy is, if they do that. We know bitcoin could easily crash. So to think that they use it as their primary currency, very bad idea. Its not stable.
Do not take the news seriously. It is kind of a joke. Remember Liberland? It is almost the same thing as that. I believe it might be one weird individual lobbying to make Bitcoin the primary currency for their city. I suspect he is holding a lot of coins.  |
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It's a bunch of screenshots of tweets... not what I would call a good article. Makes no coherent point. How is this a 'trojan horse' -- Bitcoin Unlimited is extremely clear on what it wants. If an economic majority support it, it will get it...and it won't be an attack even though those who disagree with the majority will label it as such. If anything , segwit is the trojan horse, promising neat features and scalability but really it will deliver code unmanagability, crippling, and entrenchment. I agree, where was the trojan horse in the article? I find Peter Todd's comment the most interesting and the response from Bitfury to be funny and very threatened at the same time. Can Bitfury sue the Core developers if a POW upgrade occurs? Do they have a legal basis for it? |
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City Liberstad in norway has decided to use bitcoin as primary currency.They have said they would accept bitcoin for land sold in presale.They have even planned to give discounts to customers who pay in bitcoins for their services.It seems bitcoin moving towards its golden era of recognition.
It is these kinds of comments that deserved to be ignored in this forum. The news is a welcome one but it is very far from bringing the golden era of recognition. That city is not even known around the world. What they are trying to do over there is trying to bring some recognition for the city by accepting Bitcoin. |
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No it isnt.
It just shows that a lot of people do not understand what is happening. "The" HardFork does not exist.
Given the way that the BU ppl were going about it, it was always extremely likely that it would *never have existed.
A attempted hostile takeover of the BTC chain was always going to cause significant problems that they chose to ignore.
There is no danger, and "The situation" is not becoming more serious. Stop trying to give it credibility that it does not have.
Are you saying that there is no possibility that what happened to Ethereum could happen to Bitcoin? There is a good chance it will, I believe. The developers and miners with Core will never give it up and with that attitude the blockchain will certainly split. |
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According to this page https://www.reddit.com/r/btc/comments/60acex/reminder_for_miners_do_not_fall_for_a_fake/have you heard the rhetoric coming from guys like Maxwell, Luke, Lombozo, etc? they've said repeatedly that they will never compromise and that if we HF, Bitcoin becomes "uninteresting" to them. Don't know if its true. But, if there is a HF, i would be cautious before you decide to "double your Bitcoins" especially if you plan on selling BU in hopes that Core's chain will win economically, since many of the Core leaders might bail on you. You know what I find uninteresting? BTU shills... You and franky1 should create some new accounts to at least give the appearance of non-shill support for BTU. Step your game up! Gmax? is that you? Roger? Hahahaha! Funny. But what if it was all Andreas Antonopolous controlling both accounts and arguing with himself because he was bored. The idea of Gmaxwell and Roger Ver posting under another username and ended up arguing with each other may have some cosmic interference there. They are made to fight each other. |
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No, "when" would be hard to predict. I believe miners will have a tendency to become fickle once BU reaches almost 50%. They realize that the future of Bitcoin is hanging in the balance and as humans we usually do not want to break the status quo. I am not 100% sure but maybe one of the mining pools could back track and support Core again.
Thank you very much for the clarification. I would also want to say that you should not take my word for it. What I posted is only a personal opinion and I could be wrong like sometimes in the forum. There are other members who know more than me like Lauda and franky1. |
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The fact that there are more and more threads that has the topic on the hard fork should make us believe that it cannot be ignored any longer. When that happens it starts becoming more dangerous. Some are making fun of BTU now but the situation is becoming more serious than it was months ago.
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gmaxwell loves zcash and monero
gmaxwells investor DCG loves zcash.
...
Whereas what you are posting is complete lie, Roger ver himself many times says he quit bitcoin and now he thinks dash is better.  The same thoughts here. I believe the whales are hedging their bets on Ethereum, Dash, ZEC and XMR which are the biggest movers. Maybe this issue will finally make me invest in my first altcoin. I have been looking at ETC for some time now. Could this be a planned effort to divide the community so that some altcoin conquers? Have we been tricked? |
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No, "when" would be hard to predict. I believe miners will have a tendency to become fickle once BU reaches almost 50%. They realize that the future of Bitcoin is hanging in the balance and as humans we usually do not want to break the status quo. I am not 100% sure but maybe one of the mining pools could back track and support Core again.
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I dunno.. 5-10% of outstanding btc might not be "temporary price drama".
Lets say hypothetically there is a split, and BU gets vast majority of hashrate, and BU price is around $1000. Then Satoshi would control roughly $800 million to $1.6 billion worth of bitcoin. Lets say he had very strong reasons to dislike BU, and also felt that in a free market, anybody should be able to sell their coins whenever they want. I don't know what the total order book liquidity across all the exchanges would be for BU, but I doubt it could withstand the epic tsunami of one billion dollars worth of Satoshi's BU coins raining down upon them.
I know one person, who is a long time Bitcoiner, who has the capability to do something like that. He is also rumored to be the guy who hacked the DAO. He is kind of an eccentric but he is very smart. I am scared to mention his name in public and I do not know if I should. But I would happily give it to you through pm. |
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I disagree. XT did not have the support like what Bitcoin Unlimited is enjoying right now. Look at the charts of the growing support for BU and the diminishing support for Core. The trend has never been clearer. If BU reaches 50%, which I think it will, if the current trend continues, then it would be good to research more about replay attacks and what steps to do to ensure that you will receive your share of BTU.
the actual signalling for segwit has held very steady which means it's real. this unlimited run up is a moon shot that needs to capture the attention of more people in a short space of time for it to actually happen. Are you saying that support for Bitcoin Unlimited is not real? The hashing power provided by the miners speak for itself. Check the charts online on Core and BU, they are both real. Segwit activation has plateaued while BU is trending. i don't believe it can sustain itself, especially as more players pick their code apart, come up with alternate proposals or come out against it. BU appeals to the miners more than Segwit and the Lightning Network. I do not think they are very concerned much with the code because they have shown that they are willing to split the blockchain in 2. The actions they have taken show it. and if it did look like it really was gonna be a reality i think many would pull back from that. it's easy to make a pose. it's harder to risk everything.
I think the same but that is still a maybe. |
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Does quantum computing even exist?
I have the same question here. A lot of people have mentioned that quantum computing is a myth. But if it is not then an emergency hard fork to a new Proof of Work algorithm will have to happen. |
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