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what you just said is not true. stop spreading lies.
Bitcoin Unlimited is much more than just block size increase - one feature at a time. The most urgent one is block size increase.
So you just admitted that the BU is just about block size increase for now  You didn't answer on technical problematics : _What about the total blockchain size which will grow exponentially faster with a block size increase ? _What will be the block size with BU ? By choice of miners ? So the security problems and immutability problems that will result ? _I'm not saying that segwit is essential, i think it's the best solution for now but of courseall solutions could always be better  but if segwit will be rejected well i wouldn't think bitcoin is dead but if the chain split or if BU become the established chain i would reconsider my position on mid-term long-term investments due to the problematics that will cause |
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Is there some where someone can find a good objective review of the pros and cons of both BU and Segwit and legitimate reasons why people are so viscously apposed to one or the other?
I've so far seen some coherent reasons for why people are not a fan of Segwit, but I really haven't seen much a rational argument from Segwit supporters.
I'd really like to make an informed decision on which one I support.
I'm a life long software architect and a programmer. Having said that, as a specialist in my field, I can say the following: Bitcoin Unlimited is a clean and elegant way how to upgrade the Bitcoin protocol one step at a time. It is philosophically sound, it is simple and effective. This is how software should be developed. SegWit is an abomination to all self-respectful software architects. Shortly put --- it is a really ugly hack. It tries to accomplish many goals all at once. This drives up code/protocol complexity and increases the attack surface on the Bitcoin network by an order of magnitude. What is more, it will scare away open-source programmers from the Bitcoin project because no one enjoys working on a codebase that has become a labyrinth due to all these hacks and quirks. Does anyone remember the Heartbleed vulnerability discovered in OpenSSL? Well that's the kind of stuff you will get for code that no one enjoys reviewing. I don't want OpenSSL Heartbleed analogy to happen to Bitcoin and that's why I reject SegWit. Those who keep saying "SegWit because of LN, TX-malleability, quadratic hashing fix" are demagogues. By saying this they make it seem as if Bitcoin Unlimited is not going to solve those issues. This is brutally wrong. You will get Lightning networks, a fix to TX malleability and a fix to quadratic hashing with Bitcoin Unlimited or even with Bitcoin Classic. You will get those features the way software is ought to be developed --- modularly, so that different features are logically separated and can be individually reviewed. That is not true, that solves temporary i'm agree (short term) the problematics of high fees and increases the capacity of number of transactions /s but the total blockchain size would become exponentially faster a problem than with little blocks, this isn't elegant at all this is just basically a brutal short term approach, with that said the code of BU would cause many security problems and uncertainties on the immutability of Bitcoin now and that will mean the end of the project and would mean a big NON SENSE for investors who are searching a mean of storing value via a secured and immutable system. And by the way The Core blocks represent still 73.4% of the blocks, BU is a minority which want to spread political rhetoric and non-scientifics argues to divide the Bitcoin community and kill bitcoiin because of their greed and their egocentralized point of view |
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I won't even consider a BUcoins as a valid altcoin in fact I'm agree with you for the story of the eggs but like i said i don't consider the solution of BU as viable for mid-term long-term view due to the blockchain size problem that will result nothing more And i don't use rhetoric to try to convince someone |
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The future vision of the bitcoin network and the total size of the blockchain for the BU fanboyz is outstanding
oustandingly non-scientific and non-intelligent.
What an intellectual shame
Newbies, kind of lame of you to all be CB.   If you want sir, will be a pleasure to dump all my BUllshitCoins when the chain will split But I'm disappointed that everybody in the community can't understand fundamental problematics and imagine a reasonnable consensus |
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The future vision of the bitcoin network and the total size of the blockchain for the BU fanboyz is outstanding
oustandingly non-scientific and non-intelligent.
What an intellectual shame
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So, the BU Chinees mining Cartel Roger Ver are buying hashing power.   I'm amazed how many peoples joined to this troll-corrupted organized system that is BU Their solutions is nothing more than a non-intelligent short term upgrade of the number of transactions But the size of the Blockchain will grow exponentially higher than with little block Why do they want to hurt the bitcoin network and his community ? |
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I was thinking no But you know, i'm personally sure that in the future an ETF must be in, and if the SEC doesn't approve, i see a missed opportunity for them and the US market, Moreover you can't really know how this administration say yes or no on cryptocurrencies issues, they are so in the past. But let's the speculation go and see the future PS: https://www.bitmex.com/app/trade/COIN_BH17 they peaked at 70% today i think the speculation is just starting |
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Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea  ? I think that we need to look at the current ATH as the next stop and a potential resistance point... There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180 Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts  If you are nervous about retaining value with your BTC holdings, you can sell a little bit on the way up. Usually you do not want to sell too much because you could end up with a bunch of fiat and a lacking in BTC. Everyone is different regarding how they will do it, but I tend to sell 1% to 2% of my BTC holdings every $100 price rise of BTC in about every $10 to $15 increments (in other words staggered in both directions - up and down), and then I buy back when BTC prices go back down... therefore, on average I end up selling less than 1% for every $100 (and my BTC holdings grow overall with the same amount of investment, more or less). I started this selling strategy at a bit over $250 (but my selling between $250 and about $400 was an even smaller percentage of my BTC holdings because my BTC portfolio was then in the red) and today, I still have nearly 92% of my BTC holdings in BTC and the other 8% in fiat. Some kind of a strategy of taking profits (even small amounts) can help you to be less nervous during BTC volatile periods (which are almost inevitable) but I think that even with extensive practice a lot of us get nervous no matter what when the price becomes really volatile (especially when it goes down), so we have to figure out ways to hedge and to safeguard some of our nervousness that are tailored to our own situations. Thanks for the advises, I'm not so nervous because i have started by investing little amounts of fiat every months and i didn't invest a lot since november, also, what i've invested i consider if i lose this amount it won't change my life (even if i wouldn't be happy), but i wanted to trade a little bit but i was nervous so i was just hodl But it's an interesting strategy to start trading at minimal risk, thanks i'll try that I completely agree with what appears to be your initial strategy to invest small amounts into BTC on a regular basis that you could afford to lose, if worst case scenario were to arise. That should be a continued strategy with any investment (and especially true with known volatile investments such as bitcoin). Also, I understand that if you are in a kind of initial BTC accumulation phase of your investment, you cannot really justify selling any part of it.. because you feel that you have so little and you are continuing to accumulate and to buy on dips, etc. I accumulated BTC for more than a year and a half before I created a selling (or BTC trading) strategy... but partly my hand was forced to keep accumulating BTC during that time because during my initial investment BTC prices continued to go down for the first year (2014) and then only became somewhat flat then next 6-8 months in 2015, which allowed me to accumulate some coins at the lower prices and then to create a BTC trading strategy that I considered to be profitable because my strategy only allowed me to sell coins from the ones that I had accumulated below the then selling price (as prices went up - so my average buy price was less than $250 for those coins that I authorized selling some of the profits).... So in essence I divided my total BTC investment into mostly three components, and initially, I held 2 of the portions that continued to be in the red and only traded from the portion of the coins that was in the green... as price continued to rise, then my other two portions of my BTC portfolio merged into the green or at least closer in the green which allowed me to authorize myself to trade more coins and a higher portion of my BTC portfolio (my cost basis for the coins was a bit of a moving target as the price changed and as I continued to buy and sell, but initially my price averages for the three groups were approximately as follows: 1) below $250, 2) below $350 and 3) about $500. I created some other limits too in order to only trade from "profits". For example, if you have accumulated 10BTC, then every dollar that BTC prices goes up, your portfolio goes up in value by $10, which is $10 profits. So, if BTC prices goes up $10, then your profits of your BTC holdings are $100, and initially I authorized myself only to trade from my BTC profits (and my authorization varied over time, but trading 30% to 50% of my profits seemed to be somewhat reasonable for me, but I know sometimes people will want to trade either more or less of their profits based on their own personality, view of bitcoin and/or otherwise overall financial circumstances). Thanks for all these informations, for your strategy a little interrogation to help myself when you sell, at what level do you fix your buy back ? Level at selling - fees - 2 or 3 % ? I think I'll do regularly this in a little percentage until a reliable consensus for the scalability of the bitcoin will be determined, I think you could play with your method as long as this problematic remains unsolved, but I think if this problematic comes to an end the best strategy would be hold & accumulate with buying or proposing services/works based on your specifications/qualifications for remuneration in btc, as mentionned by BTCTrader in the case where Bitcoin could explose and replace the role of the fiat without being limited by the hashing power of the network and their fees for the microtransactions. NB : Sorry for my poor English syntax, i didn't learn it by the books :/ Surely, you need to figure out a comfortable percentage for yourself for your buy back location and your sell location and your amount. I have varying fee amounts, generally between 0% and .4% (so usually the most for the fees is .8% to account for both the sell and the buy back, so the buy back price should be at least more than .8% lower when I am paying the highest rates.. the most usual fee on both ends is about .4%). By the way, fees differ on each location, and currently, I trade on BTC-e, Bitfinex, Bitstamp, Gemini and GDAX. (my local bitcoin's is sporadic and also direct buys and sells to individuals - and I am not currently using Uphold, even though it is available - and we all know that Circle is no longer functioning for buying/selling) I am selling about .2% of my total bitcoin holdings approximately every $10 to $15 that the BTC prices rise with the understanding of the possibility that those sold coins could forever be left behind (but I will still have the cash from those coins that I could either completely take off the table or just use it for trading around, direct sales, arbitrage and even Localbitcoin sales and purchases/sells that are profitable). So for example, if I sell at .1BTC at each of the intervals of $999.28, $1014.28, and $1029.28, then as each of the orders fill I may set an order to buy back .11BTC or even .105BTC at each of the intervals of around $981.62, $996.62 and $1011.62. In recent months, I had usually been planning to buy back a bit more BTC than I am selling because I am attempting to keep my bitcoin holdings up and not to bleed off the amount of my BTC sales more than necessary or more than my comfort level - I am currently at about 91.79% BTC, but I would feel a bit better to be above 92%, but I am not really too stressed about it, even though I feel that I have a bit more money in cash than I would prefer. From time to time, I tweak the amounts and the intervals of my buying and selling based on the fee at that exchange, but I will leave orders on the books that have not been filled for quite a long time, and I have buy orders going all the way down to about $550, and currently sell orders up to $1,220. In other words, when I sell BTC, it is already in my head that there is a possibility that I will never buy back some of my lower orders at the originally intended buy back price, and after a while I remove those old and lower orders from the table and use that money for other purposes. In that regard, I used to have some buy back orders all the way down to $240, but I have removed all my orders between $240 and $550 and have put that money to use in other kinds of ways - for example trading on local bitcoins and arbitrage opportunities but if I need to I still have that money in my BTC trading funds and I could reopen those buy orders at the low prices if BTC prices were to drop below my currently set orders below $550. Overall, my method in the last year and a half has resulted in about the same amount of funds invested into BTC (although I do continue to put spare money into BTC in a kind of dollar cost averaging, but it is not any kind of high rate like it was during the first year and a half or so that I was mostly accumulating), my lowering my average cost per BTC from a bit more than $500 to currently around $420, and I have way more cash in my possession (like I said a bit more than 8% of the total value of my BTC holdings are in fiat), and I have about 10% more BTC than I had when I started trading in October 2015. I will admit that my system for measuring my BTC profit levels is not really scientific because it involves a lot of buying/selling activities and BTC and dollars floating in several accounts, and including a currently 400% increase in the price of BTC... so it is a bit of a moving target to figure out some of the specifics on a rolling basis. No, I think your strategy is mathematically accurate when uncertainty hit the bitcoin, it allows you to increase your btc/fiat stocks without invest more fiat, i think that now that uncertainty is more on fiat money (in my thoughts) you've got to move up your percentage of btc holdings, this is logic so this is just a question of momentums and be quick to adapt your percentages based on the moving market and fundamentals after all. My goal is just to increase little by little my holdings and if this strategy makes me waste some fiat at the end if i manage to have a good repartition i think it's still a winning strategy. Thanks for the tips this is highly appreciated. |
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Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ? I think that we need to look at the current ATH as the next stop and a potential resistance point... There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180 Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts If you are nervous about retaining value with your BTC holdings, you can sell a little bit on the way up. Usually you do not want to sell too much because you could end up with a bunch of fiat and a lacking in BTC. Everyone is different regarding how they will do it, but I tend to sell 1% to 2% of my BTC holdings every $100 price rise of BTC in about every $10 to $15 increments (in other words staggered in both directions - up and down), and then I buy back when BTC prices go back down... therefore, on average I end up selling less than 1% for every $100 (and my BTC holdings grow overall with the same amount of investment, more or less). I started this selling strategy at a bit over $250 (but my selling between $250 and about $400 was an even smaller percentage of my BTC holdings because my BTC portfolio was then in the red) and today, I still have nearly 92% of my BTC holdings in BTC and the other 8% in fiat. Some kind of a strategy of taking profits (even small amounts) can help you to be less nervous during BTC volatile periods (which are almost inevitable) but I think that even with extensive practice a lot of us get nervous no matter what when the price becomes really volatile (especially when it goes down), so we have to figure out ways to hedge and to safeguard some of our nervousness that are tailored to our own situations. Thanks for the advises, I'm not so nervous because i have started by investing little amounts of fiat every months and i didn't invest a lot since november, also, what i've invested i consider if i lose this amount it won't change my life (even if i wouldn't be happy), but i wanted to trade a little bit but i was nervous so i was just hodl But it's an interesting strategy to start trading at minimal risk, thanks i'll try that I completely agree with what appears to be your initial strategy to invest small amounts into BTC on a regular basis that you could afford to lose, if worst case scenario were to arise. That should be a continued strategy with any investment (and especially true with known volatile investments such as bitcoin). Also, I understand that if you are in a kind of initial BTC accumulation phase of your investment, you cannot really justify selling any part of it.. because you feel that you have so little and you are continuing to accumulate and to buy on dips, etc. I accumulated BTC for more than a year and a half before I created a selling (or BTC trading) strategy... but partly my hand was forced to keep accumulating BTC during that time because during my initial investment BTC prices continued to go down for the first year (2014) and then only became somewhat flat then next 6-8 months in 2015, which allowed me to accumulate some coins at the lower prices and then to create a BTC trading strategy that I considered to be profitable because my strategy only allowed me to sell coins from the ones that I had accumulated below the then selling price (as prices went up - so my average buy price was less than $250 for those coins that I authorized selling some of the profits).... So in essence I divided my total BTC investment into mostly three components, and initially, I held 2 of the portions that continued to be in the red and only traded from the portion of the coins that was in the green... as price continued to rise, then my other two portions of my BTC portfolio merged into the green or at least closer in the green which allowed me to authorize myself to trade more coins and a higher portion of my BTC portfolio (my cost basis for the coins was a bit of a moving target as the price changed and as I continued to buy and sell, but initially my price averages for the three groups were approximately as follows: 1) below $250, 2) below $350 and 3) about $500. I created some other limits too in order to only trade from "profits". For example, if you have accumulated 10BTC, then every dollar that BTC prices goes up, your portfolio goes up in value by $10, which is $10 profits. So, if BTC prices goes up $10, then your profits of your BTC holdings are $100, and initially I authorized myself only to trade from my BTC profits (and my authorization varied over time, but trading 30% to 50% of my profits seemed to be somewhat reasonable for me, but I know sometimes people will want to trade either more or less of their profits based on their own personality, view of bitcoin and/or otherwise overall financial circumstances). Thanks for all these informations, for your strategy a little interrogation to help myself when you sell, at what level do you fix your buy back ? Level at selling - fees - 2 or 3 % ? I think I'll do regularly this in a little percentage until a reliable consensus for the scalability of the bitcoin will be determined, I think you could play with your method as long as this problematic remains unsolved, but I think if this problematic comes to an end the best strategy would be hold & accumulate with buying or proposing services/works based on your specifications/qualifications for remuneration in btc, as mentionned by BTCTrader in the case where Bitcoin could explose and replace the role of the fiat without being limited by the hashing power of the network and their fees for the microtransactions. NB : Sorry for my poor English syntax, i didn't learn it by the books :/ |
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Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ? I think that we need to look at the current ATH as the next stop and a potential resistance point... There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180 Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts If you are nervous about retaining value with your BTC holdings, you can sell a little bit on the way up. Usually you do not want to sell too much because you could end up with a bunch of fiat and a lacking in BTC. Everyone is different regarding how they will do it, but I tend to sell 1% to 2% of my BTC holdings every $100 price rise of BTC in about every $10 to $15 increments (in other words staggered in both directions - up and down), and then I buy back when BTC prices go back down... therefore, on average I end up selling less than 1% for every $100 (and my BTC holdings grow overall with the same amount of investment, more or less). I started this selling strategy at a bit over $250 (but my selling between $250 and about $400 was an even smaller percentage of my BTC holdings because my BTC portfolio was then in the red) and today, I still have nearly 92% of my BTC holdings in BTC and the other 8% in fiat. Some kind of a strategy of taking profits (even small amounts) can help you to be less nervous during BTC volatile periods (which are almost inevitable) but I think that even with extensive practice a lot of us get nervous no matter what when the price becomes really volatile (especially when it goes down), so we have to figure out ways to hedge and to safeguard some of our nervousness that are tailored to our own situations. Thanks for the advises, I'm not so nervous because i have started by investing little amounts of fiat every months and i didn't invest a lot since november, also, what i've invested i consider if i lose this amount it won't change my life (even if i wouldn't be happy), but i wanted to trade a little bit but i was nervous so i was just hodl But it's an interesting strategy to start trading at minimal risk, thanks i'll try that |
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Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ? I think that we need to look at the current ATH as the next stop and a potential resistance point... There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180 Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts |
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Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ? |
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Good Morning/Evening/Night,
Brand New on this forum, I read you since quite a long time, i don't know if i'm wrong but i would think that the recents small dips are just to shake the weak hands before another pump, tomorrow will be a special day on the calendar, maybe a good timing to start buzzing around and instill FOMO ?
What do you think personnaly ?
LOL. Yeah, maybe. I hate the idea or concept of new people. I'm happy with my own space in my fluffy bubble. I would like at least some irrelevant information about yourself to make your comments more readable.. like the fact if you eat your corn cereal without factory sugar added or if you eat cereal at all... and what percentage of fat does the milk you use have?.. or if you use milk at all.. or if your lactose intolerant or if the milk is organic or whatnot...   Welcome I guess... and beware of JJG! I hope he gets to you! Haha Thanks, you'll know some irrelevants infos about me, but for my 1st message i was kinda simple because english isn't my child language and i need to practice a little bit before writing some longer things But yeah a little intolerance for lactose like a lot of people (I eat very small portions of good cheese and do my own yogurt sometimes even so, due to my location), I'm not perfect on my alimentation (not the worst), but i think you'll like the fact i use bicycle And hoping that i could exchange words with every people Also note: cockroach is a crazy-raving Info Wars-watching Jew-hating leg-humping loon. Happy NYE!
Haha Thanks dude So to return the main interrogation, volume is reducing like the resistances, support is increasing a little bit and price doesn't move so much, difficult to know if we're going up or down by the next hours |
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Good Morning/Evening/Night,
Brand New on this forum, I read you since quite a long time, i don't know if i'm wrong but i would think that the recents small dips are just to shake the weak hands before another pump, tomorrow will be a special day on the calendar, maybe a good timing to start buzzing around and instill FOMO ?
What do you think personnaly ?
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