Well they are making life for bitcoin very tough
The developers of bitcoin are making life very tough. That's why we'll be forking to Bitcoin Classic. |
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So satoshi Mike Gavin sold us out...
Who's still manning the barricades? Anyone?
Don't worry, Blockstream has everything under control. |
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We've all fallen short of the Glory of God Satoshi.
Indeed.  |
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Thank you Hyena for being the public face of bitcoin.
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wtf i dont get why i get so much heat every time i suggest that improvements can be made and scalability can be overcome.
you trolls are paid by blockstream or something...
There are such things as assholes in this world. If something like 15% of the real world population is an asshole, the number must be approaching at least 40% on the internet. |
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if blocksize gets an issue it will be solved in 24h
its not a big deal, more a question of details
i'm confident devs will implement a happy middle ground On what do you base this confidence? Past performance? from what i see, the scaling conference, the open letter from devs, the on going discussion about it. it seems pretty clear something will be done about it, extcal what and when is up in the air. also what's encouraging is that there is still a lot of room for improvement in a few aspects of the protocol, after a little bit of study 2 months ago i concluded we could grow the network 250 times bigger without demanding more bandwidth than is currently being used, if all these improvements were rolled out. and from there i think 10-100 X increase in bandwidth requirements to run a full node isn't all that crazy, so from where i'm standing bitcoin can potently scale by a factor of 2500 - 25000 while still being very decentralized. of course i'm probably being a little optimistic on these potential coding gains. but i ain't worried about scalability anymore. There are legitimate philosophical differences on what type of network Bitcoin should be. There are also political differences and it seems to me that someone behind the scenes is intentionally exacerbating these differences to prevent progress. Of course I have no evidence that is not circumstantial, but even if I am wrong, the failure of the various factions to find ANY common ground is cause for concern at the very least. This was a very interesting article written by Mike Hearn: https://medium.com/@octskyward/on-block-sizes-e047bc9f830It sheds a lot of light on what's been going on with the developers behind the scenes, and a potential major conflict of interest. |
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wait, dont tell me ... up? Don't worry, he's not going to tell you...unless you pay him at least $29.95. |
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TOO MUCH 420  |
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Buying in Chinese Yuan, selling in USD. They aren't buying Bitcoin, they are just using Bitcoin to buy Dollars. To avoid capital controls.
One of bitcoin's most useful functions in action! |
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54 trillion in debt? what the actual fuck man that's a shitload of money.
how do you even get that much debt?
Derivative exposure is not debt. At the end of the day, just about all derivatives are debt. |
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Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.
Can someone translate this for me? Thx. You understand EW theory I presume? Masterluc is just saying that we're still only in local wave 3 since 240, and that he expected to see a corrective wave 4 much earlier. That's why he sold his coins at 320-360 or something around there. I don't really understand why this is a reason for masterluc to end his analysis though. So wave 3 was bigger than anticipated, and wave 4 seems to be underway right now. Why is this such a problem? You can't correctly predict and ride every single wave out there, this one was too big and unexpected also for me and I've been hanging on all the way in November 2013. Chinese buyers are just something else lol. Is there an objective way to count the waves? Or is it up to anyone's interpretation? Both. There are guidelines, but as with anything else, the data can be interpreted in multiple ways. That's why, given the same circumstances, you can see vastly different EW analyses. |
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...
-If I recall correctly, the creator of the genesis block holds some kind of masterkey. As a result, you have to trust this person. Even if this key was held by a group, you still have to trust that particular group. In addition, you have to trust the program they run to create the Genesis block (the masterkey could be in there).
...
This. The centralization of security makes it possibly even worse than Dash. |
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Could the loosening of China's 1 child policy explain why there's such a shortage of fucks on chinese exchanges? They seem completely unwilling to give any.
LOL |
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How did the previous auctions affect price?
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Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.
Anyway, this is above my skillz. I waited this great 3, it comes suddenly. I quit. Bye guys. Analysis ended.
Analysis or not, I hope you still stick around. Your presence would be greatly missed here. |
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Here we go !
Triangle is about to break
Prediction : Small break downwards to a low 470 then a jump over 500.
Small break downwards to a low 470 CHECK here comes that jump over 500  seems like bitcoin is going nowhere but down  see you guys back in the 200s i'm targeting 420$ I see $440 on this correction lol.  440 is initial support and seeing how we went 100$ up in <24hours, i don't think this support level will hold. i voted 380 in the poll Decreasing volume on red candles, increasing volume on green candles. I'm not an expert at TA, but even I know what that means. |
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