That's pretty huge. I do agree that we're very likely to see more news like this in the near future. The Coinbase ruling set a dangerous precedent, and it does look like other countries are going to follow suit pretty soon.

What's sad about this though, is that it doesn't look like South Korea is even open to Bitcoin as a whole. They aren't passing regulations to establish a degree of control, they're doing it to directly stifle demand. Drastic, but what can you do? At least a complete ban doesn't seem to be in the talks.

My personal opinion is that they're really just jealous. They're seeing all these people with incredible gains but they themselves would rather not take on the risk. Hence, they proceed to try to ruin it for everybody else. It's called sourgraping.

We can also classify Bitcoin Cash shills under this group. They want the Bitcoin branding, but they also want it under their own terms. What do they do then? They're bashing and spamming Bitcoin. It's a little more aggressive sourgraping, because they're actually causing direct harm.

It has nothing to do with design. Bitcoin is designed with low fees in mind. The fees should be low should the network be operating at normal capacity. It's a limitation headlined by Bitcoin's scaling problem. It can only handle a certain number of transactions and the fees shoot up once that is exceeded.

I do agree it can't challenge Visa etc. at the moment, but the community will try to change that for sure. Bitcoin isn't even a decade old and it's only starting to get the mainstream's attention. It will get better.

Why the hate? The guy is entitled to his own opinion. It's not like he has an axe to grind against Bitcoin. He simply shared his views, and that's the end of it. I don't necessarily agree with him, but I still respect his views. He's different from FUDers like Dimon. He's just a non-believer, and nothing's wrong with that.

And regarding other cryptos' valuation against Bitcoin, they're still priced in USD for the most part. That doesn't mean Bitcoin can't be considered a currency though, as far as I'm concerned.

You conveniently forgot to mention that volatility works both ways. It has increased more than 1500% for the year. Bucket with holes on the side, with a massive faucet refilling it.


'Investing' in Bitcoin typically involves nothing more than HODLing it, so transaction times isn't such a big factor. It's a fact that pretty much everyone has been able to multiply their initial investment.


They're prioritizing the Segwit GUI for core. That counts for something.



Bitcoin isn't for the poor. It's for everyone. $100 is exaggerated. It's true the fees are ridiculous right now but things are slowly getting back to normal, with the backlog starting to clear up.

I kind of agree with everything else, but I trust that the issues will be resolved. Bitcoin is still in its infancy in the grand scheme of things.

I don't believe these forks were truly made to surpass Bitcoin. I'm pretty sure the developers want to make a quick buck, first and foremost. The improvement part is secondary, if they are even able to pull it off.


Most decisions like these are political. Segwit2x (the cancelled one) supporters wanted to kill off the Core dev team and not much else.

Either way, nothing will happen. It failed once, it will fail again. If nothing else, we'll get a mini pump from people wanting to get free coins.

Not right now it couldn't. The network is terribly congested. It should be able to at normal capacity though. I used to send my transactions at 5-11 sats per byte without any problems.

Things seem to be starting to settle down though, with the backlog slowly decreasing and Bitcoin's price rebounding. I'll save my transactions for then.

Popular statements are never one size fits all. Sure it could make sense, but you also have to apply some context to it. Crypto is a speculative market and you could just as easily go broke as you could be a millionaire. The most important thing to keep in mind is that it's inherently risky.

The best advice I could give you is to never risk more than you can afford to lose. You could use Bitcoin as an investment but you would be foolish to depend on it for a living unless you absolutely know what you're doing. If you reach a point where you're regularly sweating over exchange rates then I would say you're doing something wrong.

It's really hard to blame the newbies. As far as they see, Bitcoin transaction fees increased hundred folds, and even then, their transactions could get stuck. Bitcoin Cash shills also used the opportunity (which I'm fairly convinced they created themselves) to spread FUD. Notice how the number of people talking about Bitcoin Cash surged the past few days when Bitcoin's congestion problem has nothing at all to do with it. They were able to run an effective FUD campaign while also sowing FOMO by saying Bitcoin Cash is the next big thing. If you're new to the game then I imagine you'd be vulnerable.

Either way, all we can really do is to spread awareness. Never fall for FUD, especially from Bitcoin Cash shills. Keep in mind that it's not enough for them to have their own coin. They want Bitcoin's name as well. You can't trust them.

It's really hard for me to associate alien life discovery with economic take over, because what usually happens in movies is a full scale invasion lmao. Either way, if UFOs are real, then it should be safe to assume that:

1) They have some concept of civilization, and are intelligent enough not to engage in indiscriminate violence
2) They are technologically superior, with them being capable of observing us while the same isn't true the other way around

Considering they could be a threat, I'm pretty sure the economy would be the last thing in our minds. We would be facing an influx of alien technology (assuming they share) or genocide. If governments would be looking to abuse the confusion in this scenario, it would be for more power, not for more money.

I don't know if it's entirely unexpected, because Messenger has been used for spreading viruses in the past. It's way more vulnerable than emails because people check it on an hourly, and maybe even by minute details. Either way, internet security rules still apply. Never download executables or zipped files unless you're absolutely sure they're safe. Bots sending files are pretty easy to spot anyway.

It's funny how hackers seem to be shifting from ransomware to mining viruses though. Crypto is truly starting to become relevant, albeit in a bad way in this case.

Not right now, and probably not anytime soon. You can do everything offline but broadcast your transaction at the moment. You and the other nodes would have to be connected by some network, which, I guess, doesn't necessarily have to be the internet. Maybe we can start from there?

But yeah, not even ATMs can work offline, and they're widely used. This kind of functionality would be insanely useful, but not at all necessary.

I'm not sure why people are making a fuss about Bitcoin's market dominance. To me, it's an indication that alts are growing, not Bitcoin shrinking. Cryptos typically grow more slowly the bigger they get, which is why everything else is growing explosively.

Either way, the Lightning Network, if it works as advertised, is sure to help address this problem, if you can even call it that. It can potentially render a lot of other coins obsolete. I'd want it to arrive as soon as possible, but I also want enough time alotted to make sure it works perfectly.

Quite easy. I know Bitcoin is in its infancy and I know that it has plenty of room for growth technologically. We got Segwit, we'll get the Lightning Network, and who knows what after that? Things are only going to get better from here on out.

As far as the short term though, it's a little disappointing but the scaling problem would have manifested at some point, which just happened to be now. It wasn't unexpected. The backlog is thinning down slowly though, at least. I'm also not too convinced that Bitcoin Cash shills had nothing to do with this congestion.

This is one of the few times where I can truly say that the statement 'What the fuck did I just read?' is appropriate. Is this even real though? Sounds like something from The Onion. I mean, props for them for trying to come up with a new idea but lol.

Either way, crypto is so volatile I'm pretty sure it would work exactly like your run of the mill vibrator would or something lol. I'd be surprised if you could tell the difference.

Real Bitcoin? That is honestly no one's right to decide. Real isn't subjective. There is only one true Bitcoin, and that's the legacy chain we're using right now. All the others are forks. They stopped being Bitcoin the moment they were forked.

The only real point of argument is which one adheres most closely to Satoshi's whitepaper. I would still say the legacy chain does, but I also see why others may feel differently.

Wait what? He did a 180 just like that? Lmao. What he's saying makes sense, but what's up with the sudden change of heart? He isn't even going to talk about his past comments?


Cuban is a billionaire. He can do whatever he wants. He can afford to lose a few millions many times over. If I were to choose whether or not I want Cuban to own Bitcoins though, I'd rather he did. It's free publicity.

As of right now, the number has decreased to 240k. It was nearly 300k about 24 hours ago. Things are actually slowly starting to normalize.

I'm sorry that you lost faith on Bitcoin, but you should've known this could happen. The scaling problem is well documented. The roadmap probably didn't expect it to get this bad this soon. The growth has been astronomical the past few days, with futures trading opening and stuff. This is still somewhat a good problem to have. What I do know is that fixes are on the way, and I'd rather wait until then. Good luck to you.

It's a very roundabout way of trading, and is probably completely impossible unless you're willing to change how the entire technology works. You'll still have to transfer at some point because you'd want to transfer exact amounts.

I don't even think that people transferring to their other addresses is the problem. It's the exchanges. They contribute to most of the traffic. I'm sure it would make a world of a difference if they all opt into Segwit. Your solution won't work with exchanges either since they don't let people see the private keys.

Exactly how does BCH conserve the crypto anarchist spirit? People use it for profits all the same. It's accepted in even less places, and there are very few transactions compared to Bitcoin. One could argue that that means more people are aggressively HODLing.

In fact, go visit r/btc, which is pro Bitcoin Cash. All you'll see is them shit talking Bitcoin, the Bitcoin community, or HODLing. Bitcoin may have lost the crypto anarchy spirit, but Bitcoin Cash isn't at all better.