And someone didn't want to accept my statement that bitcoin is a currency and not money so I had to explain in greater detail why: Bitcoin is a currency not money. If you don't agree, YOU don't understand finance. It's a Rube Goldberg machine and nothing more. No random bullshit made up of completely arbitary variables created by humans is money. Money represents goods and services or the ability to do work. It's required to be connected to some type of commodity or energy resource if you're abstracting the system away from barter, otherwise the system is easily gamed and implodes as always.
Bitcoin is not a real commodity, it's a poor immitation like some type of tranny. The sunk cost in so called "creating" a bitcoin in the past does not transfer into delivering anything tangible into the future. It's more like a steady state system that can catastrophically fail and vaporize all imaginary "wealth" attached to it at any time - the glaring trait of all currencies past and future. One of the main reasons the noble metals are valued as money (gold and silver) are the anti-corrosive properties to defeat time itself, which guarantees you the ability to transfer that unit of account from the past to future, UNLIKE bitcoin.
The distinction between money and currency is one that is blurry and arbitrary. No. The distinction between money and currency is quite clear! Money is the monetary form itself. It is the "thing" we use as money. Its value doesn't depend on a single body or entity safeguarding its value. Currency is the certificate that certifies you have money kept in a storage somewhere else. It is a storage receipt payable to bearer on demand. The storage owner/keeper has to take care that all issued certificates are backed by adequate quantity of the "thing". In different countries and during different times this certificate was different. It had different properties, attributes, and requisites to avoid dishonest storage owners/keepers and counterfeiting. The latest reliable certificate with most current properties, attributes, and requisites was most widely used for transactions. Hence, the newly coined word "currency" describing current certificate in circulation. If we use LN we'll be using bitcoin not as money but as currency. Using currency instead of money is riskier but much cheaper. It is a trade-off. People will have a choice depending on their willingness to take small risk in exchange for much lower tx fees. And that is GOOD! |
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The price of ETHF will go down and price of ETHC will go up until parity is reached. So, ETHF price might go way below $20 when remaining ETHF miners switch to ETHC.
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Thanks, hilarious =)
Who thinks that every coffee or beer they purchase with bitcoins should be written in the history books and never forgotten by future generations? Only people with "unlimited" stupidity or "unlimited" ego do! |
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So POS is near future / and mining will be dead for ETH What to do -  Mining will be dead for ETHF. You can mine ETHC. |
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LBC user manual is being used as reference in cyber investigations articles
This user manual must be titled something like "Stealing from Amateur Thieves" lol |
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If you really need smart contracts for your apps, ETHC is the way to go. It is true fuel, it is classic ethereum, it is stable. It is made for smart contract developers! ETHF is too expensive to serve as fuel for smart contracts and on top of that is a bank property now!
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ETH slight retrace but all will be gd
pro tip for newbies...DO NOT BUY XBC 0.12 LOLS you will lose
If people are still worrying about the hard fork of the bitcoin, the Ethereum price will rise again. The price of ETHF doesn't depend on worries about bitcoin. Price of forked eth was pumped by JPM & Co to distract people from bitcoin. There are now more direct methods to harm bitcoin. Banking cartel will dump ETHF and will pump alts like Bitcoin Plus and Bitcoin Dark. So, ETHF price has topped out. ETHF bagholders... lol |
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What is xbc?
Well, okay. What is Bitcoin Plus?
Aaaaand... What is Bitcoin Dark?
The BU mafia have told their alt pumpers that they're not allowed to like Bitcoin any more. So this is their little protest. I see... But then, if they decided to rebrand, that means they understood that BUcoin is already dead. This must be out of despair? |
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I do not understand why XBC is climbing like a rocket... $130.00 now  I think I have missed something lol What is xbc? Well, okay. What is Bitcoin Plus? Aaaaand... What is Bitcoin Dark? |
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They're supporting their desire to seize power. And no one's actually running BU.
They may be hungry but they ain't stupid. They'd signal an implementation that did nothing but make a farting noise if it got them power.
I am going to hodl from now on guys. Cant predict this price anymore. BU is screwing my mathematical calculations all over today. Rip trading, it was fun while it lasted. Huge profits but also huge losts like today. Now i only have my good old cold storage. I will dump more fiat money in it and keep hodling. Rip easy trade days.  Yes for the haters: i got rekt today like you hodlers get rekt earlier this month. But i have to go trough all the stress and switching to shitty altcoins and fiat like some crazy idiot. And for what... Well, well, well... That is interesting? How did hodlers get rekt? By profiting less than they did?! No, by obvious oppurtunities of increasing their coins. If those opportunities of increasing their coins were so obvious why have you lost yours? I tried to explain. 1 bad day ruins 3 months of succesfull trading gambling. I've corrected it for you. |
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They're supporting their desire to seize power. And no one's actually running BU.
They may be hungry but they ain't stupid. They'd signal an implementation that did nothing but make a farting noise if it got them power.
I am going to hodl from now on guys. Cant predict this price anymore. BU is screwing my mathematical calculations all over today. Rip trading, it was fun while it lasted. Huge profits but also huge losts like today. Now i only have my good old cold storage. I will dump more fiat money in it and keep hodling. Rip easy trade days. Yes for the haters: i got rekt today like you hodlers get rekt earlier this month. But i have to go trough all the stress and switching to shitty altcoins and fiat like some crazy idiot. And for what... Well, well, well... That is interesting? How did hodlers get rekt? By profiting less than they did?! No, by obvious oppurtunities of increasing their coins. If those opportunities of increasing their coins were so obvious why have you lost yours? |
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They're supporting their desire to seize power. And no one's actually running BU.
They may be hungry but they ain't stupid. They'd signal an implementation that did nothing but make a farting noise if it got them power.
I am going to hodl from now on guys. Cant predict this price anymore. BU is screwing my mathematical calculations all over today. Rip trading, it was fun while it lasted. Huge profits but also huge losts like today. Now i only have my good old cold storage. I will dump more fiat money in it and keep hodling. Rip easy trade days. Yes for the haters: i got rekt today like you hodlers get rekt earlier this month. But i have to go trough all the stress and switching to shitty altcoins and fiat like some crazy idiot. And for what... Well, well, well... That is interesting? How did hodlers get rekt? By profiting less than they did?! |
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BU hashrate 47,2% the last 24 hours. SELL, PANIC, Bitcoin is DEAD No, seriously, I am a bit worried. My life saving is all in, it's quite stressing. Stop panicking and using 24 hour based numbers as stats. This is called Variance. Just a little over a day ago, BU was sub 30% and Segwit was leading. Calm down and ignore the fork, which apparently nobody wants (see at the price on Bitfinex e.g.). I want the fork! It is free money after all. I'll sell BUcoin and buy more Bitcon. Are you one of those people that think they get free money when there is a stock split?  You don't have any idea what does "fork" in version control systems mean, do you? |
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This is fucking insane ,someone is pushing the price down on purpose
This is good. I need cheap bitcoins on Monday. You had a chance when it was under 900 Chance will come again soon. Look at this market man, its pure utter shit  You promised I'll have a chance soon. Why are you wrong again? |
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BU hashrate 47,2% the last 24 hours. SELL, PANIC, Bitcoin is DEAD No, seriously, I am a bit worried. My life saving is all in, it's quite stressing. Stop panicking and using 24 hour based numbers as stats. This is called Variance. Just a little over a day ago, BU was sub 30% and Segwit was leading. Calm down and ignore the fork, which apparently nobody wants (see at the price on Bitfinex e.g.). I want the fork! It is free money after all. I'll sell BUcoin and buy more Bitcon. |
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Do you think that the recent political manifestations and repressions in russia are having an impact on the price?
I think you don't have idea what're you talking about. |
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Do we really need to split bitcoin the currency?
A compromise with the Bitcoin Network/Blockchain would be better IMHO.
You can't compromise with extortionists. They will always ask for more. The snake must be killed. The sooner the better. Yeah.. I don't even know which side you are referring to Seems to me that this is true for extremist on both sides. I'm more or less comfortable in the middle of this mess. There is no mess. Bitcoin is in excellent shape. One of the major mining pools is insolvent (in bitcoins) and is trying to crash bitcoin in order to conceal their insolvency. |
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Do we really need to split bitcoin the currency?
A compromise with the Bitcoin Network/Blockchain would be better IMHO.
You can't compromise with extortionists. They will always ask for more. The snake must be killed. The sooner the better. |
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This is fucking insane ,someone is pushing the price down on purpose
This is good. I need cheap bitcoins on Monday. |
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