People are going to be skeptical of smart contracts for a long, long time, after the DAO debacle confirmed that it is indeed a good idea to be skeptic about them.

First we got to get the money part perfected, then we should worry about smart contracts later.

Rootstock is superior to Ethereum because it isolates the entire smart contract infrastructure from the main blockchain, and it makes sense.

Native turing completeness, as pointed out by reputable experts, is just a bad idea, so isolation via a sidechain seems like the optimal setup.

Im more interested in the improvement on transactions per second above all else tho, like I said, let's focus on that before we go for more complex stuff.

Mike Maloney is officially supporting bitcoin as a must-have asset in everyone's portfolio. Slowly more and more big investment personalities are going to be recommend bitcoin as a requirement to hedge against the collapsing banking system.

The last step is convincing Peter Schiff of finally joining the bitcoin team, but that guy will die still in denial as BTC reaches 6 figures an gold continues his descent into stagnation.

Well, when a service is used by tons of people, you are going to have more problems than a service that barely no one uses. Same as altcoins. It's easy to claim "this altcoin is faster than btc" when nobody uses alts to transact.

I'll get my coins out anyway for the time being, and hope that they don't end up going MtGox style. I'll give them the benefit of the doubt and an opportunity to sort their stuff, otherwise im done with it. I can't afford having money stuck for 10+ hours until things resolve, too many incidents lately.

Apparently Rootstock not only allows to port ALL of the Ethereum apps into the bitcoin ecosystem as a sidechain, but it also bumps the transaction capacity to 100 transactions per second, so yes, this is pretty huge.

Of course, we haven't seen a single line of code, so let's see if they can deliver on their promises.

It makes no sense. The amount of bad publicity Microsoft is getting outplays any benefits of a supposed conspiracy inside job to download the latest update. I mean what's the point? And as far as I know WannaCry 2.0 is already out there infecting computers so Microsoft is getting exposed as unsafe software.

My take is that they don't care if the hacked bitcoins get easily detected by curious people (basically the entire bitcoin community is monitoring how this evolves so im sure they knew they would get traced carefully by community members).

Even if they used thousands of addresses, that would be just more of an headache when trying to mix them.

All these criminals have to do once they got all the money they wanted, is to send it all at some mixing site over tor and that's it, you lose track of it all, and that's where unfortunately all the people that got infected will never see their money back.

But let this be an useful lesson for people to take more seriously their jobs.

I have seen bitcoin mentioned in TV and radio programs in the past hours due the ramsomware attack. Some people did a surprisingly good job at promoting it as a neutral tool and not as a tool for criminals, drug dealers and so on, so that was positive.

Did you see it on the mainstream media in your country? what did they say?

Im also wondering if all publicity is good publicity or not. Im not sure if the fact that being linked to the ramsomware thing is good even if it helps spreading BTC out, but most people are idiots and will not research further so it all comes down to how much of a good job the person explaining BTC does.

This dime is different. Ask yourself: What did Litecoin had to offer back then, that Bitcoin couldn't?

Yes, Litecoin always had the transaction volume advantage, but Bitcoin never had any problems of unconfirmed transactions staking up and fees going too high.

The current fundamentals are much different. Now some people are finding Bitcoin useless for certain usages, so they will be forced to find an alternative, and for the time being, Litecoin now equipped with segwit is the only coin ready for mainstream usage. It's impossible that Litecoin stagnates as long as BTC can't scale due no segwit.

It's pretty obvious, the mainstream media is controlled by the same people that want bitcoin dead, so they are going to keep attacking bitcoin no matter what, and this is a fantastic opportunity for them to use ramsomware as a way to throw bad publicity on it.

It all comes down to the people, if holders don't panic sell, then the media will be useless. Of course, it's unlikely that people don't react to the media, so I don't see a way out but to exposed numerous times until it loses the shock factor. Just like the PBOC news. They used to cause massive crashes, after a number of times, people get tired.

There's no doubt in my mind that this is going to be used by the states to propagate his anti bitcoin agendas, so expect anytime now that TV programs start making bitcoin specials where they talk shit about it.

It would be great if panic selling idiots stop panic selling every time a ransomware attack happens, maybe we'll keep going up then.

I saw a guy claiming that this would mean Australia does not tax bitcoin, and I think this is not the case at all, so study how taxes work because taxes still apply.

I guess this means that in Australia you don't have to pay nothing but capital gains if you cash out in AUS (as it should be, because having to keep track of every single crypto trade you do is an act of insanity)

He does believe the earth is the center of the universe? lmao.

Luke JR may be a delusional christian fundamentalist nutjob, but that does not change the fact he is a great programmer and has been proven right on numerous occasions when it comes to bitcoin, so my opinion about him as a bitcoin coder remains very high, again, even if he is wrong about pretty much everything else, but this is a bitcoin forum so as long as he keeps my bitcoins safe with his great code, I couldn't give a fuck if he thinks his religion is the correct one out of the other trillion ones.

It's worth keeping an eye on Litecoin for as long as the idiots in charge of the hashrate keep blocking it on Bitcoin, since Bitcoin is trapped into this narrative of lack of consensus where there is never going to be any agreement, UASF would need a lot of support to be done safely.

Until this resolves... keep Litecoin because we may see ATH. But we may see further dips before people wake up.

How do you maintain the promise of so called "peer to peer cash" to scale globally without centralizing the network due huge blocks that people cannot afford to run at home, therefore not anymore peer to peer cash but peer to corporation to peer transaction? (aka what we have already in the current baking system)

Good points by Andreas A as always. The importance of full validating nodes is always downplayed by the same people: BUcoiners and miners like Jihad Wu that want to take full control of the network by getting rid of the possibility of people running their own nodes. Truly disgusting to see.

The current line is still within the prediction of Tone Vays' technical analysis which predicts $2000 by around mid August, so this correction was expected since it was starting to break the upper channel, we are now back on track to keep going up, we can even afford further corrections.

I recommend taking a look at this video:

https://www.youtube.com/watch?v=5MJWkcIeMU0

It's a decent analysis, but he is bad predicting altcoins tho, he told people that people already took profits on LTC and it went higher. But I think we may see $2000 by mid summer and $1892 was not the peak.

The only altcoin here is bug unlimited. Segwit fixes numerous problems, makes lightning network possible to work at full effect, provides endless technologies that actually make bitcoin possible for mainstream adoption and so on.

We have segwit working nicely on litecoin and the end of the world predicted by segwit fudsters never happened.

You cant blacklist addresses, that is insane.

The point of having a fixed blocksize is to put a rule that everyone has to follow, and to stop idiots from wasting money into spamming the network. Unfortunately there are idiots with a lot of money out there (Roger Ver for example) to waste with spamming.

All we can do is to wait until they run out of money.

If segwit was activated we wouldn't have this problem because there would be enough space, even tho anyone with enough money could fill the blocks too.

Ultimately there is always a possibility to fill the blocks unless the blocksize is stupidly big. So yeah blame miners for not activating segwit, until then pay the fee.

Yes, buying an entire BTC becoming harder goes within the package. What did you expect? Owning 1 BTC has to be something specially because there will be 21 million ever. Count the amount of people in the world and do the math. It's obvious sooner or later 1 BTC owners will be part of an elite of holders.

This doesn't mean anyone can buy smaller amounts.

It's like claiming gold is out of reach of the common man because the common man can't buy 1 ton of gold.