A fork isn't good. Bitcoin has the power and is the main currency today because it's a integrated currency, many persons trust it and support it. If there is a fork the community support will split also and we will have two weak currencies, bitcoin won't exist anymore.
It's easy for newbies to start investing in crypto currency, because everybody knows bitcoin always worth, with a fork the newbies will get lost and it will make them put away from this.
In some ways it is. I used to think that the hard fork should be avoided totally. But now, with the big blockers pushing for it in a meaningful way, I would say go ahead. I will follow Roger Ver and play it safe by converting some Bitcoins into Dash or something "safer" than BTC. If BU starts getting 50% of the miners' support, that is when I start converting. |
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Well, maybe Ciphera is not really Eric Lombrozo?
But his statements couldn't be more clear.
don't you think you're going a little far off the deep end with this? i don't get how anyone could treat this article as anything other than squealing. if they have a point to make then make it in a dignified manner. if they believe core is out to 'get them' then be better people and rise above it. Yes, you have to ask them "really? this?". There is a concentrated effort to FUD Core, divide the community and then conquer. It began with XT vs. QT. That is where the Core vs. the big blockers argument started. I am all for competition but not the dirty tricks being done from both sides. |
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FUD. If that article was implying they did so then that is very irresponsible and biased journalism. They do not have proof of who really did it and second, why would the Core developers expose themselves in these sensitive times? But I know one candidate who is capable of doing something like this. I am scared to mention his name but I will give you a hint. He could be also the same guy who hacked the DAO. |
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Kraken has always had problems like this due to how horrible their system is, if you'd like proof go to the BTCMarkets subreddit on Reddit just to see the amount of people that post their horror stories about Krakens trades not going through.
Honestly, if you're going to be trading with this amount of money on a platform that isn't going to be working I'd recommend just going to another one that is going to actual work, such as GDAX, which even though it's run by Coinbase is actually a nice trading system with a good amount of volume.
Wouldn't wait until they release a new engine with new problems, it's just not worth it.
Whatever anybody does, please stay away from Coinbase. The IRS has their sights pointed at them. We will be going through another drama once the IRS goes on a full attack maybe later this year. Coinbase says they will fight the case in court but I am skeptical they have the money to fight it full on It is not just about Coinbase That is true but it is Coinbase that is being "harrassed" by the a department of the US government right now. Whatever you say, the advice of staying away from Coinbase is more right than wrong since you are risking having your Bitcoins locked. It is essentially the same with any web wallet. If your money doesn't get stolen eventually, you are still risking getting it blocked or confiscated for some illegal activity (and it won't matter that you have never been involved in any such). I am using a Coinbase wallet myself (since it is convenient and you don't have to pay transaction fees), but I'm not a holder type of a person ("money should make money"), so the amounts I keep there are not big overall. If I were a big-time holder, I would certainly use a paper wallet (or a few such wallets) to save the bulk of my Bitcoin wealth in
The amount of your coins kept in Coinbase is not the issue here. The issue is the fact that Coinbase could be closed down sooner than we think. It is still better to cry in Mercedes than on a bus It this case, losing a few satoshis is less painful than losing a few bitcoins (this is just to give you an idea of the scale, all numbers are fictional). We should remain realists, using web wallets is very convenient and it more often than not outweighs all that rhetoric about anti-Bitcoin nature of these wallets. You don't have to make sure that your computer is well protected from all kinds of threats lest your coins get stolen (for most ordinary people that is next to impossible, let's be honest here as well). And then comes the question of fees which may be a decisive factor, especially if you transact on a pretty regular basis For you maybe. But remember a lot more people are using Coinbase. In some cases it is what they use as their main wallet because it is connected with the bank they use. And it is for that reason why I always advice the people who are new to Bitcoin to STAY AWAY from Coinbase. Sooner or later they will be locked down be the US government if they do not give in to their demands. |
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Idk, why would a top dev volunteer? That's like bill Gates volunteering to build computers for the poor. It makes no sense whatsoever. I'm all for freedom but at the same time I don't understand anything technical about bitcoins.
Because unlike your way of thinking, some people really want to contribute and does not need a lot of money to make them feel motivated to do so. It is that kind of selflessness that made us develop and evolve in how we are today. Ironically we have seem to have been going the other direction. Selflessness has become a rare trait these days. Does that mean we have stopped developing? |
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Yeah doing the hard fork to Bitcoin Unlimited is very risky. But they are welcome to split the chain if they want. I know one person who is probably very excited with the fork just as he was excited with the creation of the DAO in Ethereum. Some of you know who he is. I will also not be amazed if he came up with the BU exploit. |
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Take your Bitcoin blinkers off and you'll see the Chinese are currently cracking down on all markets in a similar way.
Exchange withdrawals will return when the exchanges are properly regulated and accountable. If they can't manage that then they'll be closed. The Chinese market will be a very different and more peaceful place when it returns.
Maybe. But I believe the People's Bank of China will drag this on for as long as they can and keep adding restrictions until the exchanges get out of business. A form of restriction would be to issue very high taxes and license fees making it very hard for exchanges to operate. |
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OP, I do not think they have the right to confiscate them unless there was a declaration that Bitcoin is illegal. The PBOC could be still be studying the situation and could declare that cryptocurrency withdrawals will be suspended for an indefinite period. If they cannot confiscate it then they will limit its use.
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Look at the Ethereum fork. Perfect. Two sides have a difference of opinion. Neither will budge. It is a full impasse.
Fork. You could sure argue for it. My opinion on it is, why not? Is it not what they are trying to do anyway? Everyone says the world is over. Chaos everywhere.
Time passes.
More time passes.
One side wins and the chain is fine and perfect and strong again. The other side proved it was the side destine to die. That idea is gone forever. Everyone wins. The network is improved and the impasse is settled. Sometimes no. The emergence Ethereum classic is the perfect example. I am sure there will still be enough Core supporters to make it run in parallel with any fork. Forks are the way to settle a difference of opinion. Avoiding forks guarantees infinite and endless fighting.
In Bitcoin where everyone is crying about a hard fork - they question never gets settled. More than two years now, no settlement.
It is just like the Shia and Sunni. Fighting forever, no settlement. One side needs to die.
It is like the Jews and Palestinians. Fighting forever. day, after day, after day. killing with no solution. The impasse assures more killing in the future.
Ethereum settled the fight with a fork where one side dies off. This is the way to make the network strong.
We need a bitcoin hard fork. Bitcoin BU and Bitcoin SegWit. after some time, one side will be better than the other. The network will be stronger and the impasse and killing will be gone.
Or it could split into 2. |
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How can a privately funded entity organize themselves by hiring Core devs with the intention of driving the future rules of the network? Doesn't this bother most of you free loving bitcoiners?
Time to organize a new group of honest core devs having no paycheck affiliation with anyone.
Who is going to fund the new group? There is no need to have the names of organisation funding Core development public even Satoshi that gave us this beautiful gift till today remain anonymous. I think your arguement are flawed in some ways. I will agree that the governance decision should be made more transparent but both miners and development team are guilty of this I believe it will be Roger Ver and his cohorts. They will also sing to the crowd of how freedom and independence should be maintained in the development of Bitcoin. I believe they will also ask the community for donations and form a group of people to decide how the funds should be spent. In the end it will be no different from the Bitcoin foundation. But the difference will be the new core developers will be sub par compared to the ones now. |
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Kraken has always had problems like this due to how horrible their system is, if you'd like proof go to the BTCMarkets subreddit on Reddit just to see the amount of people that post their horror stories about Krakens trades not going through.
Honestly, if you're going to be trading with this amount of money on a platform that isn't going to be working I'd recommend just going to another one that is going to actual work, such as GDAX, which even though it's run by Coinbase is actually a nice trading system with a good amount of volume.
Wouldn't wait until they release a new engine with new problems, it's just not worth it.
Whatever anybody does, please stay away from Coinbase. The IRS has their sights pointed at them. We will be going through another drama once the IRS goes on a full attack maybe later this year. Coinbase says they will fight the case in court but I am skeptical they have the money to fight it full on It is not just about Coinbase That is true but it is Coinbase that is being "harrassed" by the a department of the US government right now. Whatever you say, the advice of staying away from Coinbase is more right than wrong since you are risking having your Bitcoins locked. It is essentially the same with any web wallet. If your money doesn't get stolen eventually, you are still risking getting it blocked or confiscated for some illegal activity (and it won't matter that you have never been involved in any such). I am using a Coinbase wallet myself (since it is convenient and you don't have to pay transaction fees), but I'm not a holder type of a person ("money should make money"), so the amounts I keep there are not big overall. If I were a big-time holder, I would certainly use a paper wallet (or a few such wallets) to save the bulk of my Bitcoin wealth in
The amount of your coins kept in Coinbase is not the issue here. The issue is the fact that Coinbase could be closed down sooner than we think. |
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Whales dont panic. They invested a lot of money and know the risk.
The real problem here is the small investors which combined could make a big dump. They must be pursued not to sell even if they are holding 1 bitcoin or 2. They must understand that it doesn't work like that and ETF wont even make so much difference. If not, we are doomed.
why nor selling when price was 1300$ and we knew it will go near 1000$ ? 2 btc become 2.5... I'll buy 3 btc if the price of $1,000. I bet $1.000 will not happen in this March, they all look natural so it is difficult to think back down again to a price of $1,000. Now the price has reached $1.240 and trends from the morning I seen the prices always go up. This is what you should do. Instead of thinking of selling Bitcoin at $1300 and then buying back at $1000, why not find a source of income and then keep making buy orders at $1000 - $1100? You might think that your biy orders will not be hit, but it will sooner or later just like what we recently saw with the small dump. The next dump will come when the PBOC decides to confiscate the Bitcoins of the Chinese exchanges. |
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 I predict a climb. You do? That is funny. I do too! What a coincidence. Thanks to the people that panicked some of my buy orders were hit. Now many of them are stuck holding their fiat and waiting for Bitcoin to go back down. Sorry it might not happen in a while. A very bad move of them! ETF isn't that a big deal and truly thanks for those people that thought the result has a very big impact. And luckily the price is quite stable back to $1,200. $1,300 is on it's way let's just wait for sometime so that those people that did panic selling. They don't have choice anymore but to buy bitcoin at higher price.Yeah that is the sad part. What they should have done was get more buy orders ready. If you look at the all time chart of Bitcoin, it is on a kind of perpetual rise. So keep in mind that we have not seem the moon yet. |
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I predict a climb. You do? That is funny. I do too! What a coincidence. Thanks to the people that panicked some of my buy orders were hit. Now many of them are stuck holding their fiat and waiting for Bitcoin to go back down. Sorry it might not happen in a while. |
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Fork does NOT mean Split
please stop using the word "fork" in a context that implies it means split because it really doesn't. it is a possibility that can be a side effect of forking.
- i don't usually get involved in block size related arguments but it really makes me mad when people do this!
You are right but in some cases forks really do mean forking away from the network. The same was said about Ethereum. The Ethereum foundation said everything will be ok, that a split happening was impossible because of X and Y using fancy technical terms. |
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Whales dont panic. They invested a lot of money and know the risk.
The real problem here is the small investors which combined could make a big dump. They must be pursued not to sell even if they are holding 1 bitcoin or 2. They must understand that it doesn't work like that and ETF wont even make so much difference. If not, we are doomed.
Really? You think the small investors combined can result to a "big" dump? Look at the price now, all the small investors dumps have been eaten up by the market and hardly made a dent on the price. It is also the same small investors that helped get the price back to where it is now because they might have realized that selling is a mistake. It would have been better for them to do nothing but hold. |
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That is one long reply there. Anyway why have a second blockchain? You can use altcoins if you want. Roger Ver has tweeted that he has sent $100k through using Dash. The fees were costed him only a few pennies.
There is also a trustless way to do what I posted above. It is called the Lightning Network.
I was going to use Bitcoin as it has the largest user base, is easy to get hold of and is unlikely to vanish any time soon. To be honest I am considering focusing on the hardware and payment processing side, and trying to find an existing and trusted Bitcoin service provider to handle the back-end Bitcoin transactions and keeping data secure. You'd probably have to find a mining company that can mine your blocks for you as well for a subscription fee and then you won't have to pay any transaction fees (but that might be quite unlikely). I think the Dash suggestion was due to their stansactions being much faster than bitcoin. There are other coins like doge and litecoin (doge is not used very much now but a new block can appear every 60 seconds on average so may be useful and will have small/no fees due to no one else using it very much). These three coins have been going a few years already so should be fairly secure (a similar security to bitcoin - they use most of the Bitcoin code as well). I believe Roger Ver has vested interest when he made that comment. He may have invested in Dash months before making it. I also see it as a spite on Bitcoin because there are not enough supporters on their Bitcoin Unlimited hard fork. Instead of creating the BU altcoin he is now supporting an altcoin. |
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Kraken has always had problems like this due to how horrible their system is, if you'd like proof go to the BTCMarkets subreddit on Reddit just to see the amount of people that post their horror stories about Krakens trades not going through.
Honestly, if you're going to be trading with this amount of money on a platform that isn't going to be working I'd recommend just going to another one that is going to actual work, such as GDAX, which even though it's run by Coinbase is actually a nice trading system with a good amount of volume.
Wouldn't wait until they release a new engine with new problems, it's just not worth it.
Whatever anybody does, please stay away from Coinbase. The IRS has their sights pointed at them. We will be going through another drama once the IRS goes on a full attack maybe later this year. Coinbase says they will fight the case in court but I am skeptical they have the money to fight it full on. |
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Just take Ton Vays and do a little scam show about this...
I believe Tone Vays is for Core and the Segwit and LN solution, I do not know if he likes Blockstream though. He may have missed some of his "Bitcoin oracle predictions" but he is with the scene long enough to know what is going on somehow. |
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How can a privately funded entity organize themselves by hiring Core devs with the intention of driving the future rules of the network? Doesn't this bother most of you free loving bitcoiners?
Time to organize a new group of honest core devs having no paycheck affiliation with anyone.
Whatever. You know know the Core developers do not have total power on Bitcoin. The people supporting bigger blocks and the Gavinistas can always campaign to fork the network away from Core. If you think there was someone at fault it is the mining pools for not supporting what you want. |
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