Something a little different and by request from another forum member. I'll just leave it up for a couple days or so.

Congrats on your football team too btw!

No one under 10 years old comes here.

New poll suggested by nanobtc.

It seems to me that troll activity picks up during big moves - either up or down.

In this video, Tom Lee talks a lot about how Cryptocurrencies are the preferred investment class of the millennial generation.
It's only 20 minutes or so - well worth watching IMO.

https://www.youtube.com/watch?v=GGberGnxiJk

Congrats!

I agree. I deleted the one promotional post he left behind during his effort to purge all of his posts.

This was harsh, but not a deleteable offense (he took care of that):

No problem. It's not good practice to go around promoting your own thread and tradingview site, while being a dick to people asking questions.

Look to The Mayor's coming on the first light of the fifth day. At dawn, look to the east.

Basically a metaphor for the left.

Nein. Just trying to think about bitcoin more critically. I won't be pulling an Adam.

Triple bottom

That might be the most ominous post I've seen from you.

I feel dumb. I've been a segwit cheerleader without knowing all the facts. I see now that some of it is tribalism, as you mentioned earlier.

Anyway, it's what we've got now, and I still support Bitcoin. I won't be keeping my cold storage coins in a segwit address though.

Some counter argument would be that:
- Bitcoin is necessary, inevitable, and has shown immense resilience to all attacks (is indestructible).
- The miners and wealthy elites know what's coming (or what may come), so they're storing their coins in legacy addresses. So, only the plebs like us will be screwed, and no one will give a shit. Look at the 2008 financial crisis. Millions of ordinary people lost their homes. The banks got bailouts and the executives still got their 8-figure bonuses. This seems to happen over and over throughout history.
- Another bitcoin civil war would just be a tiny blip in the history of bitcoin.

I'll give it a shot.

- Non-segwit transactions require 51% of the hashpower and a private key to steal. Segwit transactions just require 51% of the hashpower.
- This decreases the security of segwit transactions. However, we assume that it will be in the best interest of the miners to not steal Segwit coins. If one of the miners were to take all the segwit coins, we assume most other miners wouldn't recognize the theft, and the thieved coins would be on a forked chain that would soon die.

The previous part is basically non-controversial. The rest is speculation and conjecture. Anonymint and some others, such as Mircea Popescu, are of the opinion that it's almost an inevitability the segwit coins will be stolen. Here is their reasoning, as I see it:

- Miners did not want the segwit soft fork. They went along with it just to prevent the UASF
- Bcash was essentially "plan a" to keep most transactions on the main bitcoin layer, so they can protect their fees.
- If bcash doesn't succeed (hint: it won't), plan B is a future fork that will remove segwit. In this case, miners will take all the segwit coins.
 - Plan B seems unlikely, but:
 - As more and more Bitcoins pile into segwit addresses, there is an ever-increasing incentive for miners to steal these.
 - Technically it wouldn't even be theft, as segwit transactions are "anyone can spend". You don't need a private key, as mentioned earlier.
 - Even though the majority of users would be pissed, the super wealthy would support the non-segwit chain. To them, securing their wealth is the single most important thing, and the non-segwit chain offers higher security.
 - Mining is centralized, and even if it becomes more decentralized due to new ASIC manufacturers, etc. miners will operate as a cartel. At the end of the day, they all want to make as much money as possible.
 - As we head toward the future, mining rewards taper down to almost nothing. Miners need to increasingly rely on transaction fees. It would be in the best interest of miners to maximize these fees. Segwit cuts into these fees.

I've been reading anonymint's writings for the past week or so, which also prompted me to dive into some other rabbit holes.

I'm more convinced now of the dangers of segwit. Don't mistake that for being a promotion of bcash.

Not a bad idea. Certainly if we pool together all of our talents we can do something good for the world.

It may lessen the pain of having to watch my family live on spam and ramen for the next year.

There are few things more entertaining than a good troll.
It's disappointing that the level of trolling has been so low for so long now. One would think there'd be plenty of fodder what with the recent lows and all.
But the best we get is Mark, that guy with the lambo.