Please get some perspective, threads like this are the ones creating actual FUD.

Just look at the price:



In Bitcoin, all that matters is hitting higher than previous bottoms, this is called progress. The last bottom was $5900, early February. Time flies, and it looks like most people haven't realized we haven't gone under that price now for 2 months. The more time we pass above that price the more consolidated it gets as the final bottom, investors know this, which is why FOMO could kick in at any moment, and again, the more days we get above that previous bottom the higher percentages of FOMO being triggered on those waiting on the sidelines.

Forget about the extreme volatility, in Bitcoin that's just anecdotal and expected, at least until we are worth several trillion dollars so the market is naturally less volatile, and we need several trillion dollars to reach natural stability in a global, 24/7 open free market, until then just advantage of the big dips to accumula

Still no clear evidence that coins being moved from that address means coins being sold in the market. They could be moved to someone's address for OTC trading or any other reason. I think what caused the transactions with the crashes was people speculating around it and reacting negatively around it. Just stop fucking panic selling every time that account moves funds and we will be ok.

There's also money going in that address for some reason that no one has explained yet. We don't know what's going on and dumping your coins because they moved them somewhere it's as much of a risk as holding, so just hodl.

First of all we don't know what the true intentions of satoshi were, he talked both about currency and digital gold/store of value properties, and also it doesn't really matter what he wanted, Bitcoin is what it is and it's a store of value before it is a currency, since being censorship resistant is it's #1 feature, and if you don't care about that then well, then just use fiat.

Also anyone is free to invest or not right now, and average joes naturally will be the last guys to enter, what satoshi wanted is irrelevant to this fact.. The guys that have more money will typically be smarter and get there first. There are a lot of idiots with a lot of money out there tho.

What most people don't get is that we don't even need mass adoption to get the price up x10, we just need the individuals with high net worth to diversify their portfolios into Bitcoin.

Most money in the world is controlled by few individuals.. so why the hell people want "mass adoption"? average joes putting their small savings into Bitcoin will do nothing, we need the big pockets to diversify their stupid stocks and bonds into Bitcoin and eventually this will happen, but people are too focused on how we need to pay coffee with Bitcoin to "go to the moon" which is nonsense.

It was mostly because people with big megaphones like Roger Ver promoted it, otherwise it would have never happened.

He and Jihan Wu got deep pockets and are trying to buy all the social media to promote BCash. Bitcoin . com is promoting BCash as being Bitcoin nonstop. He also bought the @Bitcoin twitter handle, and he also bought many big youtubers like Jeff Berwick and Mike Maloney to promote the thing. He's also got /r/btc reddit and hates how he doesn't control /r/bitcoin to push his narrative. He is insane.

The only technical reason that they argumented are:

1) Bitcoin can grow infinitely without a blocksize cap and not end up centralized (delusional bullshit)
2) Segwit poses risk on Bitcoin (debatable)

That's all.

But what about Roger and Ver's spam? Also Coinbase's batching and other big exchanges sorting out the batching problem, and then a % of segwit transaction volume going up which also helps... all of that happened around these times too.

Im sure Ver and Roger were monitoring the price to sync up the spam to it to make it look as if the mempool being full coincided with the crash.

I don't typically believe in conspiracy theories but this is a war and that is how they do it.

You may dislike Bitcoin but it's still the best. Every promise i've seen of a "better Bitcoin" has been a ridiculous scam thus far.

Anti-Cen is a great poster and has a nice technical insight on things but some things I don't agree with, for example "High fees = low BTC price", it's not clear to me that this is the case at all. High fees means high demand = high price. How much high fees kick out potential buyers? im not sure about that, but people with money is willing to pay. It's a complex thing to calculate, but in any case, let's look at the current scenario:


https://jochen-hoenicke.de/queue/#1,1y

The mempool is as empty as it gets, transactions are fast and cheap, they have been for a while. Particularly in February there's only blue in there which means things are fast and cheap, yep we continue crashing... how does this translate with your "High fees = low BTC price" claim?

What's also interesting is that fees peaked on December 22, which is when we fell to $11183... but im not sure if this is correlated or not.. to me it just means people were FOMOing to Coinbase to buy more, then the crash just happened, and as it started crashing the transaction demand also went down because people (most noobs) went back to thinking Bitcoin is dead and there's no point in buying anymore, but the trigger to stop buying was not the peak in fees.

I would like to discuss the impact on fees on the price and if it's really correlated or not now that we have the data required.

If you use Windows and don't trust AES what about Veracrypt? you can use cascaded encryption settings that not include AES, you got Whirpol, Serpent, Twofish... anyway, why even use Windows? it's reasonable to assume that you are compromised by default using Windows to be honest.

dm-crypt and LUKS as Linux options but if you still need Windows then Veracrypt has insant on-the-fly decryption but im not sure how I would even go around adding that into a onion style network. I was about to make a thread about how attackers will try to incriminate people running nodes by claiming the blockchain has illegal data on it such as links to drug and CP sites and other crap which would mean anyone hosting a full node would by default be a criminal... which is why I wanted a forum dedicated to encryption only, I think it will be a must in the future for people running nodes specially, just be sure to do it right, I bricked a couple of hard drives testing things out, my password doesn't work, luckily I don't have anything of value in there.

Also please check this thread.

Yeah I just saw this, it's pretty funny, it reminds me of the the stats for a role playing character, like Dungeons and Dragons, Final Fantasy videogames, Diablo... Looks like we will need to max out our characters to impossible levels next in order to participate in signature campaigns. Time to start training.

Don't forget that $5500-$6000 is the current cutoff for mining profit. The big miners have big pockets and connections to attempt to keep the price up, so that $5500-$6000 range could be the bottom against TA. Unless they want to buy in cheap on the $3000 range as the lowest bottom before FOMO starts kicking in.

This is Bitcoin guys, it's ridiculous that you think TA will apply like clockwork. It just takes whales to meet up and they can change the trend, and these have a massive incentive to hold that floor - and deep enough pockets to do so.

I think government agencies will run their own hubs and they will pass laws forcing exchanges to go through these hubs as a part of KYC, or at least exchanges hosted within certain jurisdictions at the reach of these governments. We'll have to wait and see how it develops. There will always be exchanges hosted somewhere in some island that is not impacted by any of that anyway. Decentralized exchanges through LN are also something that has been hyped out for a while but it's still too early.

The LN network keeps growing exponentially, we are at 1200+ nodes, if you keep track you'll see how it keeps growing at a faster rate: network effect kicking in. By 2020 we should have around 100000 nodes and by 2021 we may see a comeback of Steam accepting Bitcoin payments if not earlier. The Bitcoin price itself will also be past $100000. Good times ahead.

And don't forget this:

https://www.coindesk.com/aim-fire-bulletproofs-breakthrough-privacy-blockchains/

I think we have now all the missing pieces for the puzzle. Not it will just take some clever engineering to make it all work in practice, and of course will go through some more drama to activate this, just like segwit, I just hope it's easier to get implemented but I doubt it will be smooth.

Also it must be optional. Maybe enabled by default (because generally you want as much people as possible using it for it to work better) but there's a problem: if you want to buy some real estate with your bitcoin gains, you'll need to prove your trades. If your trading history is hidden, then how do you prove that you obtained your BTC gains legally and not trading drugs or whatever? this is why I think it must be optional, even if enabled by default.

I haven't bought any altcoin since I learned how it will just give me an headache trying to fill taxes when try I cash out some of the gains into fiat. It's ridiculous that you are supposed to report every single trade. I did a ton of micro trading back then and I did it in exchanges which are now dead, and I lost the trading history, I can't even report these gains anymore as a result.

And now all exchanges require you to take a picture of you holding an ID, an electricity bill, and other nonsense. Who the hell wants to do that. Only exchanges with tiny volume still allow for some free trade (Livecoin, Cryptopia...) no altcoin interests me anymore. Im just holding Bitcoin and that is enough. If an interesting altcoin pops up then I'll consider allocating some of my coins into it.

I'll believe it when I see it. I have been reading about this or that company (outside of china) getting into the mining battlefield, yet im still waiting for them to drop any devices on it. All I see is "this or that chip", but they aren't building their own ASIC machines, and that is what they need, otherwise Bitmain will just keep being on top.

We need more stuff like Dragonmint. If Intel and co put their resources into Bitmain they can do it.

Patents can end up in mega monopolies in which they control most of the hashrate... a nice way to crash the price. That is why we don't want patents.

Patents don't work with Bitcoin, I don't like the idea of patents at all specially in this context. What Intel should do is get their shit together and start competing in the mining game with their own devices. I wonder what the hell are the waiting for. Im 100% sure it will eventually happen, they are just watching each other (Intel is waiting for AMD, nVidia etc to make a move, same for the rest). It just takes one of them and the rest will start getting nervous and not taking part, then it will start escalating very quickly. Monopolies don't last forever and Bitmain has had his time for almost a decade, by 2021 or so I predict big new things in mining.

The potential marketcap for Bitcoin during the next decade is at least half of gold's marketcap, so around 3 trillion, which means it's definitely possible to do x20, even if you bought at the top of the last bubble. If you bought at $20k, we will hit $200k during the next decade, the problem is most people that bought at $20k are short sighted normies that are going to sell at a loss, make no mistake about that. If they didn't sold a while ago, they will sell most likely at the damn bottom, right when the smart people is filling up their wallets for the next peak. Unfortunately this is how markets are, Pareto distribution will guarantee that the strong hands keep getting stronger. Most people will NOT make it because people aren't biologically wired to think long term, they can't deal with the risk, they can't sleep until they are back on fiat, even at a loss.

Well, if you don't consider yourself a dumb normie you should know that we don't need normies or "easy to use blockchain technology". We just need bitcoin to keep being a solid store of value, then people with a lot of money will sooner or later be forced to park their capital on the capital B blockchain unless they want to lose it with up and coming global crisis. All the capital you gain through normies "adopting bitcoin" is sooner or later lost because they are too stupid to think long term and they will keep panic selling, which is good news for us since we can pick cheap coins again.

Normies will be back with the next bull run to $50, $100k, $1million etc, during the dips which could last 1+ year we are the smart ones left buying cheap (as always) meanwhile normies panic dump and get raped by taxes and reported a million triple letter agencies through their Coinbasetardness.

Oh I get it. Why tho? It was useful to be able to create addresses from there... I got all of my addresses listed there. I don't have the list on the other place. Sometimes I want to create a new address re-using an existing label for example, so I can copy paste it from there and do it all on the same window. Now I will need to find the label I want to re-use, copy the label, go to the other window to generate the new address, paste the label, then remove the address from that window since I don't really need it to stay in there too, I mean in the "Requested payments history", mine is empty because I kept track of addresses on the Receiving Addresses" window:

Consider that most people buy cryptocurrencies for the speculative factor/as a store of value rather than to transact with it for good and services, since most people can do that just fine with fiat in the developed world, so changing the total supply would be a disaster for investors.

It seems you want to do some sort of federated blockchain for an internal business tho, so that doesn't apply... still, I still don't see what the point of closed blockchains are... isn't mySQL doing the job good enough for these ends?

What, are you saying that you will not be able to choose between nested and bech32 format anymore? from what I understand, it reads as if they will remove the checkbox... why? How will I choose what format do I want to generate then?

In my opinion I still believe a sliding menu would be the best way:



Having this there next to the button that generates addresses is very straight forward and clear.