It was always KNOWN

Dec 20, goldman sachs created 'bitcoin futures' that let whales go short so they could sell huge block and buy insurance to cover the btc price collapse

It was estimated 2-4 weeks the price would start to erode, to zero

The big houses like GS work for the rich, the little people are called muppets,  and they always screw the muppet to death.

The other thing is that nobody can hide the problems anymore ETH & BTC suck dick when it comes to all their promises, there are a lot of good alt's out there, so its not the end of the world.

BTC had a good run, and all things come to an end.

It's NOT BTC that is the scam, its the community of criminals that make BTC the scam that it is, take out the human element and BTC would be ok

+90% of the people involved in BTC are 100% criminal minded

here's the deal, you wait until it hits $7k thats the last price support before $1k,

Far smarter to get out now if you can, but I doubt you can

It's going down and hard and if your a real believer in unicorns and fairys you can buy it back by the mega-ton for $100/btc later next year

If you didn't buy your BTC pre 2013 then your a newb, your a sucker, if you paid cash for BTC your DUMBER than a rock, if you didn't sell before your 'investment' went negative then your mother should have aborted you

There is no pity for being an idiot,

I have a game here, once you see the writing on the wall and realize your screwed and have been ripped off, go find your self a PUMP'r-HODL'r and rip his throat out, that's about even right? Even steven?

Seriously how did anybody think this was going to end, it was always setup this way since goldman-sachs did the futures deal on dec 20, before that the whales couldn't cover their sales with shorts, now all the whales are cashing out,and they're paying for these bots telling everybody to hold onto the sinking ship

BUY it with what?

2017 was bought with credit cards, and now those ppl are tapped out

U think that there is somebody MORE stupid than the majority here? I think not, the gig is up, nobody new coming to waste their money on bullshit.

That would be the desire, to forget about all the broken lives and ruin that BTC leaves behind, for the good of the few? Right?

So you think all these people who have lost everything they owned to 'get rich in BTC' aren't going to be pissed?

U really think you'll be safe??

Lot's of sorcery making BTC go to the moon, but when it comes down, there will be many angry villagers looking for witches to burn

UH because a few mining pools control everything, miners don't mean shit, the pools control all and get all the profits and control the Block-Chain as a few pools control +51%

CUZ a few ASIC houses in CHINA control +90% of BTC

cuz billionaires are robbing the poor, what else do you need to know?

same billionaires pay for 10's of 1,000's of bots to spew shit on sites like this one

HODL, to the Moon, get rich quick, ... 100% ROI per day, ...

SELL MORTIMER SELL

Hell yes is a PYRAMID scam, and I have been here since 2011, and all the people who got on board early at the base of the pyramid made out like criminals, then they created these blog-boards like this 'bitcointalk' to huck&jive newbies to get rich quick

2017 was a new year for BTC cuz morons used their credit cards to sky rockets BTC to the moon, everybody knows its over

ALMOST all the alt-s are down -50% in last 3 days, even the good ones like ZEN, and HUSH is being clobbered they should just done their btch fork, now by the time it goes down hush may be back to below $2

Good to hear you understand that if you stay here you will be fucked to death, and nobody here will care, much of BITCOIN is just about people stealing from the weak, like this HODL bullshit, where your supposed to hold on to a rock while it sinks,

R these PUMPERS going to be there for you when your broke? Hell no,

Most of the pumpers on this forum are bots, and they're ran by the exchanges to get the idiots to keep day trading

Actually here in China, on a 50mb/sec fiber line I can run a full bitcoin node and have it up and running in a week, not bad, it used to be a few days, but now 200gb it takes a long time to get all the blocks loaded, and all the transactions filled in, just takes time

Want to see worse play with 'ethereum' it can take a month for more to sync a full-node the reason is that the the transaction have executable code, and so when your 'syncing' your also having to execute all the code associated with each transaction,

ON BTC the code is minimal, in fact most has been disabled

But on ETH say right now they're at 5,000,000 block, you might load with a '--fast', but you'll only get to 4,800,000, then it will take a month or more to catch up with current, if your not running a super computer, you may never catch up to current.

BTC has about 2,000-4,000 transaction per block that must be loaded ( if you load with -txindex )

I'm sure all here are just using wallets and not running full nodes, so who cares right?

Of course just today for instance I copied bitcoin path to a portable disk, and then copied to another computer and the new bitcoind was 'synced' in 10-15 minutes, thus IF YOU can don't download a full-node, just get a copy from somebody and save yourself a lot of time


It's takes on average 10 minutes to deal with 50,000 transactions, every 10 minutes they choose 2,000-4,000 that go on next block, currently BTC is about 504,000 blocks, so its about 200 million transactions to date

When you talk about 'sync' it really depends how long since you last ran your software 'bitcoind', say you turned it off for a month, it might take a few days to catch up with the current-block ( called best block ), if your not in 'sync',, e.g. if your not running the same block as everybody else right now, then you can't really do anything, because by definition you ain't in sync,

Thus once you have bitcoind ( full node ) running, you must leave it running for ever, unless you want to big pain in the ass when you turn it back on

Essentially why it takes a long time to 'confirm' is that every 10 minutes when a new block is created there is a pool  of 50,000 waitings transactions, some are shit, some are real, but only 2k-4k get out of the gate, the software chooses which has paid the highest fee ( that fee is a lotto ticket that goes to the miner, the guy who hashes that block, not only he get 12 btcs, but he also gets $1,000's of USD in fees )

Why didn't they tell you?? Bitcoins are backed by bullshit, but the full faith and credit of a worldwide consortium of con-artists and crooks

Their only problems is getting newbs to join the club, but really its a PYRAMID scam, where early birds have already got all the worms, and now its a pyramid-scam that has blown its top, and now of course everybody wants out, but nobody can get out, oh yep, they'll blame the gov and say they closed the exchange, or they'll blame russia/china for 'banning NSA coin'

Move along,

No remorse for the bag-holders here, no way, see this is why the pitchfork people will use this is the focus point of 'greed' when they're hunting down people to hang, draw&quarter, and public humiliation and such,

Which is how these manias always ends.

If you bother to study how all these mania's end it doesn't end well, people are hung, and people who got rich, got off scott free,

It all depends how soon you flip, and how  you position yourself as for or against the SCAM

In all human history whether tulips, or south sea bubble, or Mississippi or the gold-rush, bit-coin is the biggest scam in world history, and when this ends the roar will be heard around the world for years,

"How can we protect people worldwide from the Internet?"

How many millions lost their life savings, by getting in debt to buy BTC, or selling real-assets

So millions of people will now demand that GOV makes them good again, that all the BITCOIN PPL are taxed, and forced to pay for this scam,

So where will you be? Will you be hiding, or will you be front and center in the media calling for heads to roll and people to go to prison?

Just drink the koolaide, become a bitcoin believer, come to heaven and join the rich

Just like 'jonestown' remember them in Guyana, they drank the koolaide, they all believed in the bitcoin jeebus

The original tx's also included your IP address, so much for anonymity

But I am a believe in the original anarchy of satoshi, and the libertarian bent of BTC, that said, I think NakamotaSAtoshi was a NSA caricature and that they never meant to give us anarchy or liberatarian power, but certainly the dream should live on

So NOW the MINERS no longer control BTC, now the mining-pool managers have all the power FACT

So now instead of instead of .lt. 50% consensus you have china asics running 90% or more of BTc mining, .. tell us more about dreams of our fathers, for I need sweet dreams for my nap

In the beginning a transaction was to be free not $50

The funny thing is that todays BITCOIN is like a bastard drunken child jeebus that wandered the desert 30 years and has returned and all these 'legacy parents' dont' see any change in their baby-jeebus

IMHO

1.) kill all the mining pools

2.) kill all the coinbase assholes (IRS-NSA-CIA ) that control exchanges, KYC and know his shoe size and condom preferences, ...

3.) kill the day trading of BTC where now today its no more than a casino for morons to play lotto

4.) make BTC anonymous with real secure private addresses, not tied to any public

5.) figure out how to stop rogue full-nodes that do nothing more than collect IP's for the GOV tax man

In summary, its not your grandmothers BTC anymore

BINGO can't use the same address twice, so u go to a public outhouse in india to take a shit, but when you enter and when you leave the target payment address has changed 10x because hackers have stolen the 1 cent you paid for the shit, so you have to stay in the outhouse until you can prove you paid, but by then the confirmation time is months, not days

I think that anybody that advocates BTC should be a mass payment system is an idiot, and could possible be a harm to society and to him self.

So you can't use the same address twice, for either payment or reciept, cuz as you know if you use the same payment twice, then I get your R/S values from the TX script and can hack your private-key from your public-key and R/S values from your sig on the ecdsa, by 2020 the BTC-CORE will have gone to SECP256R1 as proposed all along by certicom, but by that time I will have broken SECP256R1

( currently btc uses secp256k1 which is used by nobody on earth, and is considered to be a joke in the cryptography community, so go figure the idiots call BTC the greatest invention since toilet-paper and experts call it a fools errand, ... which is it? Well who cares because the longer they use weak stupid software as the backbone of BTC the longer I can continue my hobby of hacking btc. )

The laughable deal here is that HODL is not an investment plan, its a survival of BTC plan, because if there was a mass exit the ponzi would have collapsed years ago

I think its telling that IF this forum had a MOD that this OP wouldn't be posted,

Certainly BTC is dead, and now you got people posting stuff that has nothing to do with BTC on a BTC blog-post subject section, that is telling,

ZenCash is #1 good model, good team

Then BTC-z is a good model for high-school kids to 'roll their own btc clone',

 ethereum sucks ( 4 million pre-mine, and 5m public which means buterin owns 80% of blocks, please how stupid can public be?, bitcoin is dinosaur shit,...

The thing is 100% is all stolen from BTC, so give the mother some credit

...

millionaire doesn't mean shit in 2015+, now you must be a billionaire, and by 2020 most rich will want to be trillionaires,

This setting your sight on millionaire is like gutter trash from the start

study deagle report, by 2025 80% of USA population to be eliminated, that is the future, and all the survivors will be millionaires

Seriously? Do u believe your own bile?

You clearly are not a programmer, there is nothing new about BTc,

What's clever at best is that it organically grew because geeks cultivated it,  but now those same geeks are rich and have moved on, and leaving the masses of idiots holding the bag,

I think when somebody says "Everybody knows" you must watch out, and when everybody includes what nobody knows, say C++, or  ECDSA, or SHA, what do they know? That what is new? Well NSA said in 2015 that all the core of BTC was obsolete, so which is it?? Is it new or obsolete, or is the NSA not with the gutter idiots know nothings?

Seriously, I'm a programmer, and I have spent my life on this shit, and I don't see anything new or special about BTC, or the block-chain, or the transactions and their cute little 1950's hex-hash encodings, ... its on an idiot who doesn't have a clue about computer-science can say that 'btc' is revolutionary, there is nothing about BTC that is special, even the choices of the algo's to a real comp-sci person its obvious that BTC was written by non-experts in the field

that's called 'catching a falling knife'

do you catch the knife when released or wait for maximum velocity? do you grab closed hand or double palm?

BTC was parbolic in 2017, and in all human history parabolic movements never end well

Newton had what goes up, comes down

the BTC cult doesn't believe in gravity, nor do they know a parabola when it bites them in the ass

Whats a mother to do?

Retroactive abortion? children that only a mother can love? this is the bitcoin flock