|
2
|
Economy / Speculation / Re: Winklevoss ETF
|
on: July 02, 2016, 11:45:47 PM
|
If this has happened it may have more effect on btc price rise than the impending halving....
it would have already because of insider-trading. i don´t think it is happening anytime soon. Yeah, the market doesn't wait long to react to news. I'm not a firm believer in efficient markets, but I am certainly not a believer in learning-disabled markets. If it was going to have any effect, it would have already. I can't figure out (in my pea-brain) why anyone would make an ETF out of bitcoin. Why not just buy bitcoin? Then again, derivatives exist for everything, right? I'm just ignorant. Because certain types of investment funds are not legally allowed to invest in Bitcoin itself, but they can invest in an Exchange Traded Fund. |
|
|
|
|
8
|
Economy / Speculation / Re: Bad time to go long
|
on: March 05, 2016, 04:11:58 AM
|
What's funny is that Brian Armstrong is probably expecting some deus ex machina of a developer to save bitcoin. Long term, we need to form a new team to work on the bitcoin protocol. A team that is welcoming of new developers to the community, willing to make reasonable trade offs, and a team that will help the protocol continue to scale. You’ll be hearing more about this over the next month or two. Or he's just planning on competing with blockstream when it comes to influencing bitcoin core's roadmap. If the price is falling because if this, I think that people are taking him too seriously. The problems he talk about have existed within the bitcoin space for a long time, the recent block size drama is made to look serious by unnecessary reactions like this. The price isn't falling because of what Brian Armstrong said. It's falling because transactions won't go through. |
|
|
|
|
9
|
Bitcoin / Bitcoin Discussion / Re: Blocks are full.
|
on: March 02, 2016, 03:32:20 AM
|
I'm just your "average Joe", and me and all of my average Joe friends, and all of the rest of the average Joe's out there are not going to use bitcoin if it takes more than ten minutes for a transaction and high fees will soon price alot of people out. Those are the cold hard facts. You can kiss the fabled "mainstream adoption" goodbye.
Nope, these attacks are not net positive. How many people join bitcoin in a day? 5000-6000 tops? Well, by doing an attack this scale probably worth millions of $$ to do, actually they are donating that money away to miners and it benefits existing users more than what we would lose over that 5000 people not joining. So the bottom line: Attacking the bitcoin network is always a net loss for the attacker and a net win for the network. Not to mention it helps developers give them new ideas to protect the network with, which can be used for defense against future larger scale attacks. I don't think this is an attack or spam. This is just regular transactions that have what used to be regular fees, that aren't getting confirmed because there is not enough room in the blocks for them all. Raising fees won't fix that. Only a block size increase will do that. |
|
|
|
|
10
|
Bitcoin / Bitcoin Discussion / Re: Blocks are full.
|
on: March 02, 2016, 03:01:23 AM
|
|
I'm just your "average Joe", and me and all of my average Joe friends, and all of the rest of the average Joe's out there are not going to use bitcoin if it takes more than ten minutes for a transaction and high fees will soon price alot of people out. Those are the cold hard facts. You can kiss the fabled "mainstream adoption" goodbye.
|
|
|
|
|
15
|
Other / Meta / Re: Please can someone remove the obvious spam posts
|
on: January 17, 2016, 06:39:32 PM
|
I think everyone knows which these are by now.
Well, maybe this is a sign that reason is returning,a nd people are being allowed to fight it out with facts. My guess is that the possibility that Blockstream/Core can't hide behind Censorship is scaring some people. @keepdoing You seem to be in great form today. Keep it up, or should I say "keepdoing". |
|
|
|
|
16
|
Alternate cryptocurrencies / Altcoin Discussion / Re: Blockstream/Core: Support of DDOS Attacks on Classic
|
on: January 17, 2016, 06:14:23 PM
|
And who are the people behind Blockstream?
Reid Hoffman / Co-Founder of LinkedIn
Vinod Khosla / Founder of Sun Microsystems
Eric Schmidt / Google
Jerry Yang / Yahoo Founder
also.. Nicolas Berggruen, Crypto Currency Partners, Future\Perfect Ventures, Danny Hillis, Max Levchin, Mosaic Ventures, Ray Ozzie, Ribbit Capital... and others.
There are big corporate interests behind both Blockstream and some of the companies that support Classic. WHO CARES PEOPLE. I'm sick of these forum idiots and conspiracy theories that think there's some grand plan to "infiltrate Bitcoin by the banksters" etc... Yes conspiracies are sometimes real but not everything is a conspiracy. The world is usually much simpler than that. Everyone is out for themselves to make a buck. That's how business works. In fact, pretty much everyone in the world is concerned with their own agenda. Blockstream is NO DIFFERENT in that regard. They want to "scale" Bitcoin THEIR WAY that suits their interests. I really don't understand why some people can't get that through their head. In Africa, when a flock of ostriches sees a pride of lions coming to eat them, they just stick their heads down in the sand and POOF! The lions just magically disappear. |
|
|
|
|
Show Posts
