Nope. Satoshi never wrote about non-mining full nodes and I don't see any personal benefit to me why I should run one.
.....and there we have it. R.I.P, jonald_fyookball, March 2, 2014, 07:09:01 AM - April 6, 2017, 5:03:53 PMHe advocated for big-blocks, so that others would pay the price. Died in his own BS. He will be gladly missed. How can even claim that? the original bitcoin qt allowed people to mine with their compute while running the node so whats the deal? Also satoshi claimed that a hard fork in btc would be a disaster. |
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And you think a billion dollar mining industry will let the core devs destroy their position?
BU will be forced upon us no matter what the economy or users want.
No way lol. How can they force BU if nobody even cares to download the clients? People will keep using Core. We'll get segwit sooner or later. In the meantime LTC will rise to all time highs because they will get there way faster than anybody else. |
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1. Provide a roadmap away from the current ASIC-based paradigm back to mining with desktop-based hardware, over a timeframe that allows the mining community to maintain profitability (without the pressure of Bitmain's advantage weighing on them, through SW deployment).
Fully in agreement. We may have averted a real disaster for Bitcoin in the shape of BU, but the plans for the next coup have already been made public, and all the blocksize obsessives on the forums have started the cycle all over again. The honest miners should not be penalised for maintaining their decorum faced with adversity, but the risk of mining centralisation is still too significant. A staged move away from SHA-2 hashing must happen sooner rather than later to mitigate the risk. Miners can take the opportunity to halt their development of mining ASICs, and concentrate on making the transition to CPU mining, there's no reason why they cannot still compete in the marketplace using their other marginal advantages, which will still exist after chaging the PoW algorithm. 2. Formalize a public policy that such a decentralized mining paradigm will be maintained. Either by altering algorithms or through other mitigating actions to defeat any ASIC or other specialized hardware implementation that significantly centralizes mining. Isn't this the same as point 1, though? If the Bitcoin developers write the code, that is the policy, and it couldn't be any more clear written as code. In cryptographic networks like Bitcoin, the code is the policy, the code is the law. Further to this, it's possible that UASF might not even be needed. Bitmain's loss in hashrate share resulting from gmaxwell's neutering of ASIC Boost might be enough to force Bitmain's hand. Segwit signalling might rise to above 50% from removing ASIC Boost's viability, and 50% BIP acceptance has a tendency to move to 95% very quickly, it makes miners and pools nervous that they may start losing block solution races when 51% threshold is passed. Don't be so sure. Roger Ver is still a big whale and so is Jihad Wu itself. The bribing will continue and the propaganda war never ends, plus the miners that neutrally think segwit is not a good idea because they don't want to lower fees since it will give them less money. Looks like it's a tie and BTC will remain as it is, unless UASF kicks in and I think it's not that easy. LTC will get segwit for sure and BTC will still struggle, im buying more LTC right now. |
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I think both are good investments. Both have huge whales, but so does everything else to be honest. At least with bitcoin whales have no control over total supply and it is fixed.
With gold... what if huge mines are found? or some asteroid once we have advanced technology? that makes me a bit worried for the long term.
I would also rather have people that just bought BTC cheaply because they liked the idea rather than some warlords that stacked tons of gold through centuries.
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Its never good to save money unless you are looking forward to invest that money on other things. Everything that isnt invested is waste, life is all about making some money and investing it to make even more money.
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As LTC is a BTC clone and all that entails - limited number of coins, PoW, non disgusting launch, I don't really see why anyone would bother sticking with Bitcoin if Litecoin becomes BTC with knobs on.
As it's currently pretty much unused at the moment, the increased usage from all the extra applications would concurrently increase value. It would attract many more developers than it has right now and all of the merchant/commercial projects on the backburner because of Bitcoin's limitations would probably roll out there instead.
Segwit would enable many possibilities that would be denied Bitcoin. Fees would be far lower. Why would someone want to flit between that and creaky old BTC? There's no particular reason other than sentimentality.
LTC is nothing without BTC, because BTC developers are the best and LTC depends on BTC developers. But the good point of LTC is precisely that it is a no-bullshit original clone. I don't see why LTC can't go back to $50+ since BTC is trapped in this situation where it refuses to change. BTC provides all the hard work of the code and stability as gold. LTC provides flexibility. Gold and silver in crypto, I like it. |
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not 100% clear on your plan but the core team has refused to increase block size for years.
They only want to scale according to their own roadmap, no matter how good your plan is.
They are decidedly against on chain scaling by design. That's why BU became necessary.
But don't you see how BU will crash the price making both BUcoin holders and BTC holders poorer? Majority of nodes and majority of relevant people all want segwit and rejected BU, but some people are delusional about the acceptance of BU because a couple miners are signaling for it. The end result is people will end up in LTC because it will have segwit and LN sooner than BTC (if BTC ever gets it, in that case it may stagnate at best or crash at worst due HF) |
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I can't trust zcash, inflation too strong, will keep having a tendency to go down regardless of how mch it gets pumped so im not going to risk a single satoshi on the thing.
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Honestly im unable anymore to read buggy unlimited threads. Let's stop beating a dead horse and move onto better things, for example, following Litecoin's segwit activation, which is about to happen. Now that is a cool topic. Buggy unlimited? Not again please, let's give it a rest.
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Litecoin is really triggering my laziness. I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it. But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.  I would start syncing now. When LTC goes to 20 or more dollars that's some worth syncing profits for. And who knows if we go to a new all time high? If BTC fails to activate segwit (and it looks like that) all LN development will move to LTC as the only viable alternative. Im sure BTC price will increase a lot since it looks like segwit is very realistically activable (compared to BTC). BTC holders must start taking LTC more serious. |
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I say by the end of December for sure, but feeling the summer is a possibility as well. Your thoughts ?
December is too long from now and at that time the price of bitcoin will be much higher than $1500 as in this summer the price of bitcoin is expected to reach to $1500. Now you can see the price is increasing slowly but it will reach. For this near month, I think the price Bitcoin won't reach at rate $1500, maybe yes it's be reach at December 2017. Because right now there are still issues that negatively to Bitcoin and it would inhibit price of Bitcoin increases December is way too far away, and $1500 is such a small rise for bitcoin. or maybe you have forgotten that bitcoin price was $420 last year this time and was $220 the year before that. now you are expecting only a 50% rise for the whole year after years of 100-200% rises! I would say December is too far away, but there are still a lot of frictions within the bitcoin community that may make the price keep dipping and rising around low 100's to mid 1300's, so we are going to take some until we can finally break $1500 then $2000. We are yet to see how the segwit situation resolves. I think until then LTC is a good one to hold. |
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It doesn't matter how good you get the so called economics if your software is a disaster, crashes and makes the price crash. Software quality is a part of economics. Economics say segwit = price up. |
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It has been decided already. BTC works in every single department. The only way BU can cause the disaster-hardfork is if Bitmain invests even more millions on hashrate to cause teh 51% split, then we will see the hardfork but people will quickly dump BTU for BTC because a coin with inferior software centralized in china is just nonsense.
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I'm steering clear of BTC for now while all of this blows over.
I don't like the idea of BU disrupting things from an investment POV, and the concept of SegWit sounds appealing. Probably find a good entry point into LTC in the coming weeks and hodl.
I should really take action from my own advice LTC 3.7 -> 8.5  It's not too late to enter LTC. I can see it going 10+ within the next 72 hours. SegWit support for LTC is almost near activation, it will only take a couple pools to switch and it will activate. You don't want to miss that event not holding any LTC. |
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Looks like it's actually happening. Congratulations to LTC hodlers, price has been going up so much with this news. Who knows how high it will go once it actually crosses the dreamed 75% barrier!!
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Bitcoin's anonymity is really a great characteristic. It enables users to use BTC in any transactions with nearly no traces. But is this really a good thing? Let us consider utilizing bitcoin in a negative way. Since bitcoin is considered currency, there is no doubt that a person that needs money will not reject bitcoin even if it involves unethical or illegal act.
Due to the anonymity of bitcoin, some uses bitcoin in a negative way [citation needed]. They can easily use bitcoin in paying others to commit crimes. They can even use bitcoin in bribery and/or money laundering. This characteristic of bitcoin are abused [citation needed] and it will never end well.
For the case of terrorism, terrorist can easily purchase weaponry from other country. With the use of transaction using bitcoin, authorities will have a hard time tracing that transaction thus, will give advantage to the side of terrorists.
This is not an impossible scenario. People can now use bitcoin in any way they want to. It's inevitable.
You have to choose. You want privacy, or you want the government to have full access to everything while trusting they will do a good job with the data? That is the ultimate dilemma. Some people trust governments and think their corruption is small compared to the damage they can prevent from happening, some thing terrorists having access to anonymous technology is not a problem compared to what governments do behind closed doors. Who is right? who knows. |
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Now that the buggy unlimited fears are going away the price is recovering. Looks like the market values a bitcoin that says how it is more than buggy unlimited even if we are stuck without segwit, but segwit up = price up is a clear metric now.
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this has been great, ever since i heard the news i was buying litecoin again and now it is about 20% up and the volume seems to be picking up too.
i have been saying all month that if litecoin moves towards SegWit the price of it will go to the moon and right after we will see it activate on bitcoin and that goes to the moon too. hope some people listened at the very least.
I hope the price rises make miners see how market majority wants segwit activated. I think litecoin's segwit activation is real, but im not sure if tomorrow f2pool will continue with bitcoin's segwit signaling. If they are fucking stupid they should. |
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Ps: Pic is not photoshopped!
it is photoshopped because the site shows 49.31%  but joking aside this April Fool joke and F2Pool is the hot topic of the day today. all over reddit they are talking about this, and it is not clear if they really signaled it or is it like their bitcoin signalling all the proposals at once!! in any case i hope it is real and others join in too, we only have 25.69% to go. I doubt miners are that stupid to play around with such a serious matter, this has to be real, at least for litecoin. Miners would see nothing but a lot of profits by activating segwit since the would explode (btw is already going up) |
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What one you got? I have ETC grand poppah What are your favorite? mine is Ethereum "investor"  The first one I saw was Lauda's XMR supporter |
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