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May 09, 2024, 12:14:01 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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2141  Bitcoin / Bitcoin Discussion / Re: >50% of the Network support bigger blocks in one form or another on: August 25, 2015, 08:15:11 PM
The bigger block support does not mean that bigger blocks will be adopted, though. Once the developers say they are going to move towards that, it will be much safer.
2142  Bitcoin / Bitcoin Discussion / Re: Who thinks Gavin Anderson knows who Satoshi is? on: August 25, 2015, 06:53:50 PM
It would be really strange that the commited developers didn't have a clue of who satoshi is, or had at least some mails from him.

2143  Bitcoin / Bitcoin Discussion / Re: If Bitfury goes, its all over. The debate has been won. on: August 25, 2015, 06:49:53 PM
It seems like a matter of (short) time that a bigger blocksize is widely adopted. Hopefully then consensus may be reached again.
2144  Bitcoin / Bitcoin Discussion / Re: BIP 100 and BIP 101 = i like both... on: August 25, 2015, 06:34:38 PM
I am relatively new to this discussion, but seems that everybody (or almost) supports a raise in the block size, either by BIP 100, 101 or XT.

Some people say it is not needed to raise block limit yet, but still support a raise. I have seen considerably less people supporting that maintaining the block size to 1MB is the way to go so ...

Wouldn´t be better to make some preasure on the developers to do the raise instead of fighting about the XT vs. Core thing?
2145  Bitcoin / Bitcoin Discussion / Re: How 2 Chainz Would Destroy Bitcoin on: August 25, 2015, 06:20:11 PM
I am glad you posted about the duplicity (1 Bitcoin becoming 2 in different chains) as I have not thought about it that way. If, as you say (and probably will happen) inflation kicks in degrading the value of both coins, people will be obligued to hold onto the 2 chains to maintain their Bitcoins savings  Embarrassed

Or they might also sell their coins on a chain in favor of the other but... Which one? people will be forced to gamble if the two chains keep working.
2146  Bitcoin / Bitcoin Discussion / Re: Consensus = 75%? on: August 25, 2015, 05:45:35 PM
I think 75% or even a little less, is a good number. People tend to stay the same and see what happens, so a 75% moving to a new initiative indicates an awesome majority (as a great part of the resting 25% would simply follow what majority says).

2147  Bitcoin / Bitcoin Discussion / Re: WFT is BIP101? on: August 25, 2015, 01:03:02 AM
without googling... and for what I have learnt, is a protocol or project for increasing the blocksize, I think
2148  Bitcoin / Bitcoin Discussion / Re: Kim DotCom: ‘China in Big Trouble. Buy Bitcoin Now’ on: August 24, 2015, 08:48:35 PM
Thanks for all the replies and different points of view  Grin

So, to sum up, he thinks Bitcoin will be more stable than the yuan. Which in my opinion is very doubtful.
2149  Bitcoin / Bitcoin Discussion / Re: Industry Endorses Bigger Blocks and BIP101 on: August 24, 2015, 06:51:51 PM
Well, pressure is being done to the increment of block size. I sense it is just a mater of time before core implements it.



Does not matter Core implement it or not. BitcoinXT will be on the longest chain as it will be compatible after the fork.

So if you support BIP101, you will support BItcoinXT. Even if XT nodes arent majority, It will just be an alt wallet client.


Thanks for clarifying. So XT will be compatible either way?

I am not sure if the size increase is much needed or not (just learning about it through you guys Smiley) but I will definitely move with what works. If XT shows to be the solution, I will move. Not dogmatic about that.

But Core will not move if it is not forced, and this letter makes pressure. No doubt about it.
2150  Bitcoin / Bitcoin Discussion / Re: Kim DotCom: ‘China in Big Trouble. Buy Bitcoin Now’ on: August 24, 2015, 06:14:11 PM
I can´t see the connection between the China economy falling and buying Bitcoin. Does he means that many chinese will run to Bitcoin thus raising its price?
2151  Bitcoin / Bitcoin Discussion / Re: Industry Endorses Bigger Blocks and BIP101 on: August 24, 2015, 05:04:29 PM
Well, pressure is being done to the increment of block size. I sense it is just a mater of time before core implements it.

2152  Bitcoin / Bitcoin Discussion / Re: A Path to Greater Bitcoin Adoption on: August 24, 2015, 04:23:07 PM
I think the idea of several Bitcoin companies (specially the more interested ones, as are trading sites and online wallet companies) joining forces for a Bitcoin campaign makes sense. More adopters means more fiat money put into Bitcoin, and likely a raise in price. If you are holding online wallets or a trading site and Bitcoin value goes up, your value goes up.

It should be taken into consideration. Good point.
2153  Bitcoin / Bitcoin Discussion / Re: Why i think Bitcoin will ultimately change or fail: Speed of evolution on: August 24, 2015, 04:18:41 PM
Facebook is most difficult to code and to maintain than Bitcoin. Bitcoin is revolutionary, but because of the idea, not because of programming complexity.

I agree. The mechanism is not as complex as facebook, which has to handle uploads, sharing, showing on other walls the info following user defined rules, handle an advertising system, playing videos and audios in site, online chats and video conferences.... much more complex.

2154  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Scrypt.CC | Scrypt Cloud Mining on: August 24, 2015, 01:10:15 PM
The continual lowering of rewards are putting the ROI in the line with regular mining companies.

I do not think they are counting on new money to follow on. They have lost too much credibility. If they are still maintaining the site, it should mean that they would try to regain some credibility first.

2155  Bitcoin / Bitcoin Discussion / Re: Why not just make BitcoinXT a separate coin? on: August 24, 2015, 12:19:08 AM
I'm wondering why it is necessary to take over the original bitcoin's blockchain over many months? What if XT proponents simply forked the blockchain right away instead and called it BitcoinXT? They could then try to get exchanges to carry it along with the original bitcoin. If at some point more and more people got fed up with fees and transactions on bitcoin core, people would vote with their money by slowly moving Bitcoin core funds into BitcoinXT and raising the price. If the larger block size became preferable merchants might start accepting BitcoinXT as well.

I think bug fixes for bitcoin core at this time are understandable, but block size really isn't clearly a bug, but more like a limitation. Also there is the matter of time; this isn't a change they are trying to institute on a newly launched technology. Bitcoin has been around for many years now and I'm starting to think this could be a dangerous precedent.

So what's so bad about just launching a separate coin called BitcoinXT?  Huh

The bad thing is that it would not be Bitcoin. People moving towards it would risk too much (as with other kind of altcoin). It is better to launch it just as they have done it. Many people will think "ok, if I switch to XT I have nothing to lose" as they are regular Bitcoins, with the same value.

Also, doing it has they have done, they do not need to compete with thousands of other altcoins, not even with Bitcoin really. They will only move away safely if they have some popularity already.

2156  Other / Beginners & Help / Re: earn bitcoins quickly on: August 24, 2015, 12:15:00 AM
Opening a high-yield investing site and then trading very well with the money deposited from users. Then pay the users the revenue and keep on trading very well.

But you will have to make people trust you (not easy), and be a great trader.
2157  Bitcoin / Bitcoin Discussion / Re: Node observer: Bitcoin Core Vs Bitcoin TX | 5700 vs 900 on: August 23, 2015, 02:19:28 AM
But there is something I do not understand very well  Huh

Why choose between mining XT and core? It is not that XT will preserve the coins in core after forking? I mean, to mine XT or core is exactly the same right now isn't it?
2158  Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase? on: August 22, 2015, 05:15:00 PM
Right now I am focused on earning them, expecting them to raise when I need them for something.
2159  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Scrypt.CC | Scrypt Cloud Mining on: August 22, 2015, 05:13:10 PM
In the end it is us, the investors, that allow them to do so by not doing enough research on forehand.

True, but one has to balance the promised interest rate with research, and research might include small testings of the system.

I mean, for me it is clear that a site that offers 1% return or more daily, would not have much (ďf any) proof of meaning, adresses and contact methods. I somewhat expect that. If a site were to have all that proof, it would be perceived much more secure, and as a result would pay less (he is paying you in trustworthiness, so to speak, so would pay you less in money).

Anonymity is a big sign of a scam, but if you think of it, it is also normal than someone that knows a method to get 1% benefit daily or more wants to remain anonymous. Too much questions, investigation, greedy relatives etc. would fall on that person, even if s/he has the best of intentions.

So I try to research risky sites investing the minimum, making some withdrawals, and investing more progressively. Reviews and payment testimonials from other users also count. I know I have many chances of losing, but also the chances or winning are more.

To sum up:

More revenue=more risks. We are to minimize the risks as much as possible given the situation, but simply some revenues are impossible without risks, and no revenue promise will compensate a very high level of risk.
2160  Bitcoin / Bitcoin Discussion / Re: Mike Tyson’s Bitcoin ATM Goes Live on: August 22, 2015, 04:53:07 PM
So it only takes money to convert to Bitcoin?  Undecided it does not seem very useful. Converting Bitcoins to more usable money would be better. Some people will be interested when they see it, but what is really needed is things to make spending Bitcoins easier.
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