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Since you seem like the resident expert, I've got one for your research project Timelord. Back about 4-5 years ago I had many conversations with Stephen Gornick. He was a very polite and knowledgeable bitcoin enthusiast. His language and vernacular are easy for me to recognize.
I think the current user hacked his account because he seems a little retarded now. I suppose it's possible that Stephen got into a motorcycle accident and bounced his head off the highway but it's most likely not him. I'm afraid he is a scammer and will take advantage of people here. He may even have multiple accounts.
Thanks in advance for your time.
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Chevas Regal, that's an insane amount of work. I wonder how much money you could have made working a $5 an hour job the same amount of time.
BTW: You misspelled Chivas Regal. Chivas Regal 18 year old Gold Signature is my favorite scotch.
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Why they would block segwit is not so clear. Segwit has the short run potential to increase on-chain transactions and with it the number of fees collected.
Because they (wrongly) believe it is only being added to bitcoin to make lightning network possible and move all transactions off-chain. Though that perception is finally being turned around and segwit no longer looks impossible. Ah, that makes sense then. They also wrongly believe that LN and other off-chain solutions will weaken their revenue. Anything that is a value add for Bitcoin and allows increased adoption into real untapped markets will necessarily make mining a more long term viable business. I have a feeling that the Asian farm owners are not exactly economics gurus. |
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i've just realized that the amount of total fee that we are paying miners because of the size of mempool these days has exceeded 2.5 BTC and is nearing 3 BTC. that is about $5000 that miners are receiving undeservedly just because they are not adopting the scaling solution! that is 24% of what they gain from block reward (12.5 BTC=$2200)  You make it sound like the miners are incentivized not to adopt a solution. Is that the case? Yes, that's what he's getting at and he's right. If they can keep "off-chain" solutions from happening they win. Why they would block segwit is not so clear. Segwit has the short run potential to increase on-chain transactions and with it the number of fees collected. |
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That about sums it up. I can't believe how cheap it still is to send bitcoin.
If it is $1 today, then it could be $10 next month. We can't ignore the steep rise in the transaction fee. If you consider the rising exchange rates as well, then it is clear that the fee (in fiat terms) has increased by more than 10 times during the last 2 months. Supply side economics - the more people using the network the lower the fees will become as more entrants to the mining game will force costs down. Adoption will eventually decrease price. |
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That about sums it up. I can't believe how cheap it still is to send bitcoin.
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Wet my pants and cry like a wee Nancy.
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Here we have another thread where no one posting has any power to control or change anything. BitPay doesn't post here anymore and hasn't since 2014. https://bitcointalk.org/index.php?action=profile;u=31293Tony Gallippi is far too intelligent to respond to anyone on this shit nest sig campaign forum. Very few people with any kind of real control post here anymore. I'm suprised to see Maxwell post here on occasion and even then it's just to tell someone how monstrously stupid they are. I doubt they even read this crap anymore. that's an interesting point. yet so many people who count are still responsive on reddit. i'd say reddit is much crappier platform than here, hard to read, prone to manipulation, so why there and not here? Of course they are, don't you see why? On Reddit they can down vote any dissenting voices and completely control the discussion. Reddit is shill heaven. On this forum we have replaced shills with sig campaigners that don't even understand the subject matter they are responding to. Reddit = shills upvoting bullshit comments and fluff = no actual discussion happening Bitcointalk = signature campaign posters that are only interested in their daily revenue = no actual discussion happening |
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Here we have another thread where no one posting has any power to control or change anything. BitPay doesn't post here anymore and hasn't since 2014. https://bitcointalk.org/index.php?action=profile;u=31293Tony Gallippi is far too intelligent to respond to anyone on this shit nest sig campaign forum. Very few people with any kind of real control post here anymore. I'm suprised to see Maxwell post here on occasion and even then it's just to tell someone how monstrously stupid they are. I doubt they even read this crap anymore. |
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This thread brought to you by NITROGENSPORTS. It's the future of betting.
What the actual fuck. There are so many ads on this page it's hard to focus on the topic. I think it's something about high transactions fees or possible duck mating calls.
To the guy above me: Bitcoin is nowhere near the cheapest or quickest transfer method around.
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Coindesk is such a bunch of spin doctor bullshit artists. Part of the EB-5 program is qualifying by having a new "commercial enterprise" (opening a business). Homeland Security in concert with the INS is considering not allowing Bitcoin or any cryptocurrency businesses to be used to fulfill the requirement because they are so corrupt and can be used to foster money laundering and other criminal enterprises. Too bad Coindesk isn't a printed newspaper. At least then it would have some value, you could wipe your ass with it.
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We should also think of good idea with constructive criticism, not all robbers will know if we wear implants or not because this is still privacy, If we talk 100 years ahead of course the use of implants will be in accordance with era development where radiation and global security system is adapted to adapt the implant. Developers will also think about anticipation if implants are used unreasonably from robbers (hand pieces etc), then their chip will switch off by itself using gps system. I think using bitcoin implants also requires keywords to perform all transaction.
Yeah. Maybe at some point in the future, this would be practical due to the advances in technology. New security mechanisms would become implemented, reducing the possibility for theft and bringing the convenience of carrying your funds, personal information, and more. But, until today, we would be better off with hardware wallets, as they're proven to be the most secure way to store your Bitcoins or any other cryptocurrency. There would be no need to worry about the health implications this would have (unlike implants) since it's a separate device operating on its own and not into your body. Nevertheless, I'm looking forward to seeing cryptocurrencies like Bitcoin become practical in real world applications like: Grocery shopping, filling up your gas tank, and even more. The future is unpredictable, but it's cool to imagine what it would be like with the high advances in technology. Just my thoughts.  If it did not work on Fiat Currency why would it work to a cryptocurrency? Like what I said earlier chip implants was created before for you to withdraw cash in atms but was surely taken down after no consumers are willing to use it. And what I am seeing right now is that Bitcoin is better off im what it have now in which there is a Bitcoin Wallet app that is portable and also secure. I don't think that an implant would be any better in terms of security. Chip implants were tot created for withdrawing cash. The first reason was medical data in case of emergency. The second most used chips were for security reasons , access to buildings or restricted areas. And a chip implant is currently more secure than anything in this world. The most advance come with triple security so you still need a pass and a finger print or retina scan after it so it's next to imposible to duplicate. Your phone can get stolen so easily it's ridiculous. Wouldn't you feel better without having to worry about it? Nobody is implanting anything into my body. Ever. I'm glad women don't think that way. Some of my favorite times in life have revolved around late night implantations using my personal injector.  Is that regulated activity? Do you do your KYC / AML? Oh yes, Know Your Clam / Anti-Menstruation Lobby is very important. |
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We should also think of good idea with constructive criticism, not all robbers will know if we wear implants or not because this is still privacy, If we talk 100 years ahead of course the use of implants will be in accordance with era development where radiation and global security system is adapted to adapt the implant. Developers will also think about anticipation if implants are used unreasonably from robbers (hand pieces etc), then their chip will switch off by itself using gps system. I think using bitcoin implants also requires keywords to perform all transaction.
Yeah. Maybe at some point in the future, this would be practical due to the advances in technology. New security mechanisms would become implemented, reducing the possibility for theft and bringing the convenience of carrying your funds, personal information, and more. But, until today, we would be better off with hardware wallets, as they're proven to be the most secure way to store your Bitcoins or any other cryptocurrency. There would be no need to worry about the health implications this would have (unlike implants) since it's a separate device operating on its own and not into your body. Nevertheless, I'm looking forward to seeing cryptocurrencies like Bitcoin become practical in real world applications like: Grocery shopping, filling up your gas tank, and even more. The future is unpredictable, but it's cool to imagine what it would be like with the high advances in technology. Just my thoughts. If it did not work on Fiat Currency why would it work to a cryptocurrency? Like what I said earlier chip implants was created before for you to withdraw cash in atms but was surely taken down after no consumers are willing to use it. And what I am seeing right now is that Bitcoin is better off im what it have now in which there is a Bitcoin Wallet app that is portable and also secure. I don't think that an implant would be any better in terms of security. Chip implants were tot created for withdrawing cash. The first reason was medical data in case of emergency. The second most used chips were for security reasons , access to buildings or restricted areas. And a chip implant is currently more secure than anything in this world. The most advance come with triple security so you still need a pass and a finger print or retina scan after it so it's next to imposible to duplicate. Your phone can get stolen so easily it's ridiculous. Wouldn't you feel better without having to worry about it? Nobody is implanting anything into my body. Ever. I'm glad women don't think that way. Some of my favorite times in life have revolved around late night implantations using my personal injector. |
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Everything is replaced eventually.
That's possible but the question is when? That's easy. As with all things, when something better comes along bitcoin will be replaced. The technology, computer science and programming world doesn't sit still in a vacuum. It won't take as long as people believe. Who will take over then, I guess Ethereum has a greater chance, it was my bet because I believe in the team behind ETherem and Vitalik was a genius man, he has the passion of what he is doing. If you compare the price there is a big disparity since the adoption of bitcoin is bigger and wider but as you said there will be a change in the future so it makes sense if I will hold some alts to prepare for that time. Why does it need to be something connected to the current system of Bitcoin or all the script coins? It could be something completely different or unimaginable at this point. |
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I think this is not too ridiculous considering bitcoin is in its all time high value at this moment and continue to rise day by day, you can customize the fees in some desktop wallet like mycelium if you want but expect it may take time to confirm from 1-4 days..
Really? So you're ready to pay 5$ in fees when you buy a vpn subscription for 8$? Let's say bitcoin reaches 1 million and every transaction cost 500$. Are you still going to use bitcoin? I doubt it. It would probably make more sense to pay for your VPN subscription annually, so you get a discount in both the price and the transaction fee. If bitcoin reaches 1 million USD, I'm going to buy a yacht. (or a lambo.) Lamborghini better ramp up production quick. It seems like that's the main thing everyone is going to buy when they finally stop hoarding and sell their bitcoins. LOL The reality is that Goat is probably the only person that will ever buy a Lamborghini with Bitcoin. |
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Without hoarders there would be no reason to hoard. The price would drop as hoarders dumped their coins to buy product.
this is only true if you are assuming bitcoin is not money! but it IS money. and with that deffinition what you said makes zero sense. when you spend you are putting the coins from your cold storage (in your mattress) into circulation. and that only helps the economy of bitcoin. The vast majority of Bitcoin holders get their coin by mining it. If all they ever did was mine and immediately sell for fiat
you can't immediately sell bitcoin that is earned through mining (aka from coinbase transaction) because that transaction can not be spent until it is at least 100 blocks deep. and they do immediately spend it as soon as they can because majority of them are pools and have to pay the miners and miners have to pay the bills and grease some palms to continue operating with cheap electricity. The way Bitcoin is being used Bitcoin is NOT money. It could be someday but it's not today. Bitcoin is currently a speculators commodity. Bitcoin has almost NO VELOCITY. That's the number of times bitcoins change hands in a day. There's a shitload of dollars, right? Enough that every person in the world can wipe their ass on them daily and it would take a long time to run out. The derivatives market alone is worth 1.2 quadrillion of them. But the velocity of dollars is 1.56. That means, on average, every dollar in existence changes hands 1.56 times a day. Dollars are being used as money as support economies all over the world. Without a real economy Bitcoin is not money or is not being used as money. The closest thing Bitcoin ever had to a real economy was when Silk Road was in operation. Don't be silly. Mining pools are continuously streaming payoffs to their supporters. Each participant in the pool gets a transaction for their share of the block reward and fees. That's what makes up a large part of the daily transactions (which are pathetically low at less than 300k per day). That's not spending. Electricity and upkeep cost is not spending either. I don't know what you're talking about with grease. The block reward alone is $22,000 every 10 minutes (that's $3,168,000 a day or $1,156,320,000 a year), that's a shitload of grease. |
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Without hoarders there would be no reason to hoard. The price would drop as hoarders dumped their coins to buy product. The vast majority of Bitcoin holders get their coin by mining it. If all they ever did was mine and immediately sell for fiat what would the exchange rate be? Who would be left to buy all the coins without hoarders? The velocity of Bitcoin (turnover of the money supply) would increase with spending and create a nice stable low price. Miners holding and buying more coin to hoard = price up Miners spending by selling immediately and not buying more to hoard = price down So what's more important hoarding or spending? Read this to learn what experts think about the Bitcoin price: https://www.sec.gov/comments/sr-nysearca-2017-06/nysearca201706-1642431-146543.pdf |
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Hello, I was under the impression that this new currency was fast, my first payment took 3 days to confirm, was told it was something about the fees, i now have increased my fees and i've waited 2 hours, nothing.. can someone tell me why this payment wont just confirm already? https://blockchain.info/tx-index/93d43009a1efd4a9fdc4b63e8126599234ac2fb433097095c496445040e6240ethis bitcoin thing is absolutely horrible, the fee is constantly increasing and the delay seems insane, can't be used with trust when payments are days delayed everytime you don't want to spend 10% of the amount you send in fees. You're just using it for the wrong purpose. If you want to send $20,000 halfway around the world use bitcoin. If you want to pay your buddy back the five dollars you borrowed last week use cash. |
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Everything is replaced eventually.
That's possible but the question is when? That's easy. As with all things, when something better comes along bitcoin will be replaced. The technology, computer science and programming world doesn't sit still in a vacuum. It won't take as long as people believe. |
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