This has been me all summer.


Friend: Hey I guess I should have listened to you this whole time when you told me to buy bitcoins, good for you. Can I ask you a question?

Me: Sure (thinking: ok, time to point him to a bitcoin exchange finally)

Friend: I've been reading about this new up and coming cryptocurrency <insert alt here>, do you think I should invest in this new coin?

Me: *facepalm*

So how would build a centralized or decentralized system on top of metal without an enormous amount of counter-party risk? How would you guarantee who held what, for whom, and how much? Goldmoney.com is currently already doing it, but you have to fully trust that they secure your metal and will deliver it in full on demand. And that it will never get seized. HUGE counter-party risk.

Yes yes, those are all valid reasons long term for the price of bitcoin to rise to great new heights in the future.

So let me rephrase my question.

What specifically will be so earth shattering for Bitcoin within the next 6 months that price will rise from here to "insane levels"?

You guys do realize that the total crypto market hit a high of $116B, and now with even this mega pump we are only back up $92B? Not even back to over $100B, nor do I see that happening within 6 months.

only 15 to 25 have made there  guess on when we brake another ATH             ATH  ATH   ATH   GAME   !!!!

and get paid by me for the one guesses most closly ( 0.25BTC ) as another ( 0.25 BTC) for giving the best explanation why the raise at that time

anybody more wants to take a guess feel free to take a date

( for the ones that don't trust me to pay still just waiting for a trusty member to react on this and be confirmt by 2 other trusted members and i deposit the amount with them ......)

ONLY GOOD INTENTIONS

 

Yeah, I am also wondering what's going on.

So it's went over 80% and has now dropped below. Why would they do this?

What is the advantage of doing that?

2 weeks is half an eternity on cryptoland, many will succumb, thats how we lose good people weak hands.

kudos to all those who donated anything to him. not just because of the act of donation but because they had to manually type in a (case sensitive) bitcoin address from a picture with no QR CODE

Interesting thread, I'll start following.
I have some SIAcoin I've GPU-mined, I know it's possible to earn 'em renting space, I'll pay attention if it's worth.

"Jihan Wu, Bitmain CEO, already opined that he will hard fork regardless of whether UASF succeeds or fails. It is not guaranteed that a hard fork could happen without issues, but this is the best time from their perspective to attempt one. Should it succeed, Bitcoin will quickly erase all prior losses and surpass $3,000. "

So the market will be delighted that a handful of Chinese miners are in full control of Bitcoin?

That's a really fucking stupid supposition.

I've been out of the game for a while.... questions:

What are the chances of a split chain on this upcoming Aug 1st drama?

Are most of you holding your coins?

If there is a split chain that survives.... will Coinbase give you access to both chains?

Thanks

I wonder what the big-block crowd imagines is going to happen if they keep plowing forward. Do they really think keeping their code in some kind of safe kindergarten sandbox is the way to prepare it for deployment? That there are not hordes of drooling hackers waiting to tear into it and wreak havoc if it were imposed on Bitcoin?

I tend to envision the security situation with Bitcoin as being like the Battle of Helms Deep in the movie The Two Towers. Bitcoin has been under ferocious assault from hackers since it became worthwhile to target. If they aren't ready to cope with that then they have no business developing software and then expecting the rest of us to place our trust in it.

Another fake story.

To buy Bitcoin in 2010 you must to be an oracle, a choosen one , a son of a God..There was no info available about BTC till 2013.

But nice try...I like this story about unnamed billionars and crypto early adopters.  

OMG!!!!!!!!


We need a testnet WO thread for the Mod, so there is no fucking up the pure and unfettered nature of the real deal WO.  

They should be thanking whoever accelerated the '6000 blocks in one day' for showing them their fundamental brokenness bugs (how fucked they are) ... instead we get BS talking points about ASICs on testnet, wah-wah, who knew?

Re "attacks" -- btc1 nodes haven't mined a block for a day. That isn't an attack, that's just a failure.

Crying attack isn't helpful-- it's often not true and at the end of the day the software must survive in an adversarial environment where attacks exist. (Though AFAICT this issue can result in pure btc1 attacker free environments stalling, and BU containing environments forking-- no attackers required).

The issue isn't a new one, this was raised as a concern and use of the 'hardfork bit' (most significant bit which must not be set on existing nodes) rather than a large block requirement was recommended.

    0.840 MB/block.

Which is less than 1 and segwit isn't even enabled yet. Moreover, btc1 by default will not make a block >1MB even if there are transactions in the mempool for it. You guys are just making your code all the more frighting by vigorously denying the issues.

Perhaps instead of making excuses you should resolve the fork? Maybe then write some tests?

Wish you best, infofront!
Congrats and good luck.