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What a load of shit. Must try harder young shill.
Just for context |
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Just for contexthttp://8btc.com/thread-35645-1-1.htmlhttps://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2F8btc.com%2Fthread-35645-1-1.htmlExpansion of the dispute "Terminator Plan" proposal [Copy link] 38 3397 2016-6-30 11:36:38 Water no soul | vice captain | look landlord Posts by water, no soul in 2016-6-30 11:38 edit Prerequisites: 1, core version 0.13.1 released in July, including the miners activated segwit (isolation witness) are available; 2, classic releases new version is based on core 0.13.1 version, including for miners active segwit (isolation witness) and 2M hard bifurcation; 3, core violation of the Hong Kong expansion consensus agreement, not in August 1, 2016 release includes new versions of 2M hard bifurcation. Making process: 1, over 75% of the mine pool owners and operators of power miners Optional Optional day expansion of convening the meeting; 2, the meeting reached a consensus: all participants ore miners in pools or expansion route choice will work hand in hand; 3, select a pool of mine as "Terminator"; 4, released "Terminator Plan" content. Program content: 1. Participating mineral pool, miners reach consensus on expansion: 90% or more operators to activate 2M force bifurcation hard to count more than 95% of the force activation segwit (isolation witness); 2. Participating mineral pool, miners to achieve consensus on the expansion, will be unified planning, unified action, act in unison; 3, select XX meeting mine pool to "Terminator"; 4, in addition to the "Terminator", the participants all mineral pools, within 30 days the miners core program switches to the latest version of the classic, complete 2M hard bifurcation, segwit (isolation witness) Operator support force; 5, if and only if more than 75% of the operator support 2M hard on finalizing the diverging after "Terminator" complete support for 2M hard bifurcation as soon as possible to ensure that there are more than 90% of the force operator support 2M hard bifurcation; 6, when the 2M hard fork is activated, the 28-day grace period, the pool of participants ore miners will do everything possible to inform all the miners, exchanges, wallet developer / company, core wallet users, other start-up companies and other completed core switching procedures to ensure the smooth progress of the bifurcation hard, to avoid unnecessary losses generated; 7, activate segwit (isolation witness). Description proposal: 1. The proposed plan is valid only after three preconditions occur; 2, which is a majority of the miners to mine the main pool of the proposal, there are different opinions may ignore this proposal, will be idle, bored when I was nonsense; 3, expansion of the dispute has been debated for too long, both parties after a long discussion over, except for a few extreme person, most people agree that the following points: (1) We need to 2M hard bifurcation, but requires enough force to support the operator to ensure that Bitcoin will not be split; (2) We need to isolate the witness, in order to achieve Bitcoin kernel better scalability and compatibility; (3) We need lightning network, in order to achieve Bitcoin-second transfer capability. 4. Select the Always use classic classic does not mean that later, if the core in a subsequent compatible version adds support for the classic, the miners can then select the core; 5, core and classic are open source projects, developers fate is freedom, when the miners selected classic, I believe there will be many core developers turn to classic provides code; 6, the battle line expansion, isolation witness, 2M hard bifurcation debate lightning network has been trouble for too long, please do not argue with me here their advantages and disadvantages, and I do not want to waste time on these topics and the energy; 7, one of the core design of bitcoin miner is considered the future direction of the force decided to Bitcoin, "talk harm the country", the expansion of the dispute has been debated for too long, continue to argue it is empty. "Hard work and prosperous," better than a perfect plan executed powerful miners was time to act to end this dispute it! Not the best translation in the world.
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Something is really annoying about both kinds of Bitcoiners.
A lot of them only focus on price.
Not necessarily in the case of Type 1, (remember the car is not important), Me personally, the only reason the price should be important is because the higher the price, (imo) the more likely more people and businesses will take notice and hopefully start adopting it, because i am holding until i am able to directly spend my bitcoin and i have no intention to sell them, the price is irrelevant to me gains wise, although it is fun to see your bitcoin value grow, even if the price rose to 10k tomorrow, it would be exciting, but i wouldn't sell. I also believe in the long term, alot of the people that select Type 2 (a lot of the long term hodlers), will in fact become type 1 Bitcoiners. |
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I don't have why would people bitcoin sell their bitcoin and buy something if they can use bitcoin directly to buy what they need, i mean it's faster and you can avoid fees and things such as identity confirmation when you sell/buy biycoin.
I don't really get it either, i mean i can kind of understand if were talking about todays bitcoin, as in right now at its current price and level of adoption, but i don't understand that if the price were to really moon, and i do mean reeally moon, and merchant adoption is more common place, why sell? or why plan to sell, i thought the bitcoin goal was value increase + mainstream adoption (even if its mainly online), not just price increase. if i had 1 BTC, and 1 BTC was to rise to a value of $200k, i would feel more confident keeping my 200k in bitcoin. Am i just naïve and overly optimistic? or does Bitcoin have real promise? I must say, i have high hopes for bitcoin, not just the price of bitcoin, but the application of bitcoin. |
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If I could just go out and buy a Lamborghini with Bitcoin, then I definitely would do that. But that problem is that no one wants to be paid in Bitcoin. I would way rather pay in Bitcoin so that I didn't have to go through the hassle of selling my coins, but I doubt I ever will be able to buy a Lamborghini with my Bitcoin.  lol but you can in fact buy a lambo with bitcoin http://www.coindesk.com/lamborghini-mclaren-bitcoin/I'm neither both. I don't have enough coins to even buy or own a lamborgini.  lol we are just talking hypothetically, it doesn't have to be a car, the point is if the price of 1 bitcoin was to rise to $xxxk some time in the future, do you spend or sell your bitcoin at that point. (regardless of how many bits you currently own) |
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I'm the type 1 guy! I want to pay in Bitcoin without any need for converting to fiat in the future. I'm also thinking in bits instead of how much dollars or euros this is. Give it a few more years and we will get there!!I'm pretty confident about that!  I'm also thinking in bits ;-) and i cannot wait for the day this becomes common place. I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini laptop with my Bitcoin. I don't have enough bitcoin to buy lamborghini.  LOL, well if the price ever rose to 1million per coin, you would only need about 200k bits to buy a lambo, or 0.2btc |
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Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."
Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini."
(Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)
For me the two is the same, Spend vs Sell their are the same that they buy a car. This two buy car if the lrice of bitcoin rise, they only difference is just direct buy and the other is not direct to buy a car. I have to disagree, you are right in saying that both buy the car, but if everyone that currently possess some bitcoin decided to sell, what happens to the value? i don't think this benefits bitcoin but rather defeats the purpose of it (i could be wrong) But in the same case, if instead bitcoin was spent directly, i believe this benefits everyone. I Hodl in hope that i can one day spend my bitcoin no differently than i spend my fiat. (Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)
For me the two is the same, Spend vs Sell their are the same that they buy a car. Your right, spend and sell is basically the same now, as the Bitcoins spend on the car would be most likely instaneously converted to fiat with bitpay or similar service. Im really waiting for the whole commerce to transact in Bitcoin only and not convert to fiat anymore, but this could take very long. I guess better would be if OP ask whether you holding Bitcoin in the hope to profit from price changes, to get rich from few Bitcoins, or because you see Bitcoin much better than fiat and you actually use it or just store wealth in holding it. True in the case of merchants that use services such as those provided by companies like BitPay, Maybe i should have worded the OP better, as my OP is meant to refer to a time in the future where Bitcoin has mooned, hopefully this is a time where merchants are happy to accept bitcoin payments without having it automatically converted to Fiat. |
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YOU HODL PERMANENTLY
LOL, i found this funny, i had a convo with someone not too long ago about holding, if the price were to reach 100k tomorrow or even 1 mill, there will still be loyal Hodlers. in honesty i dont think bitcoin will ever replace fiat the two will always exist side by side, its the gateways that bridge the two that will need to change
i also believe Fiat isn't going anywhere anytime soon, at least not in our lifetime, i do believe however we will live to see both operating side by side, and at this point, i do believe there will be people that choose to use bitcoin exclusively |
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Type 1, "I cant wait for the price of Bitcoin to rise so I can buy a new Lamborghini with my Bitcoin."
Type 2, "I cant wait for the price of Bitcoin to rise so I can sell my bitcoin and buy a new Lamborghini." (Just want to clarify that the car isn't important in these two statements, but rather the Spend VS Sell)
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i wonder why places like E-bay and Amazon has not yet added bitcoin payment to their payment processors systems, even after this many time (from the start of this topic 2010) until now, it shows that many people want this to happen,
they don't care about their customers?
i read somewhere that Amazon have said something along the lines of they do not believe many people will shop with bitcoin which is why they haven't began accepting it, which is annoying because i use Amazon alot and i would definitely prefer to use Bitcoin, furthermore, they should take a note out of Expedia's books as Expedia were too reluctant to accept bitcoin as a payment type for fears no one would use bitcoins, but i read they have said Bitcoin surpassed all their expectations. I think E-bay, Amazon is looking for a way out of this problem. since they also do not want to take a hasty decision. I think E-bay and Amazon still consider Bitcoin, because in the Bitcoin system will not guarantee against the money they send can be restored again. Someone should start a petition for all the big internet giants such as Amazon & Ebay (&others) to begin accepting bitcoin. Its a benefit to them as well as to us as the customers. |
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More online merchants need to accept bitcoin as a payment method.
I do not like that i need to first purchase gift cards then purchase what i want, i choose to shop at shops that accept bitcoin directly over a competitor that doesn't.
I think alot of merchants don't believe bitcoin will be used a lot if they decided to accept it (pretty sure i read this about amazon somewhere) but on top of saving the merchants a lot of money in the form of fees, i reckon it would bring more business, overstock are happy with Bitcoins performance and i saw or reddit or coindsk, bitcoin beat the expectations of Expedia when they began accepting it.
I believe there are people out their with bitcoin and are holding, not just for potential value increase, but also because bitcoin isn't readily accepted at their preferred places to shop.
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THank you to all who replied, i will go through the two links below and make a decision based on the comparison threads. Wasn't there a credit card comparison thread somewhere around here? Anyone s got the link?
this two i guess https://bitcointalk.org/index.php?topic=1410577.0 & https://bitcointalk.org/index.php?topic=1155883.0--------------------------------- i'm currently using e-coin so far,all went good and no serious problem when i use it,just sometime got upset because they need so damn much confirmation when i make a deposit so it took so many time just for only depositing,never use their plastic card tho |
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I have been considering purchasing a bitcoin debit card was looking at the Xapo card, but im not too sure about it, then stumbled on the https://wirexapp.com/ wirex card about 10 mins ago, but not too sure about that one either, i have seen mixed reviews on both, but i would really like to be able to spend my bitcoins anywhere for physical goods in person when needed. my only concern with cards like these are 1. Payments not going through (even if card has money on it) 2. Card issuers not letting me retrieve my bitcoins for whatever reason, including technical fault. If i did utilise a card, i wouldn't ever put a significant amount of money on the card just in case, but it would still be annoying if things don't work correctly. Any recommendations? |
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Am I the only one who couldn't make it past the first sentence of the OP? Too wordy. Too long, did not read. And usually I wouldn't even bother replying, but you are asking very specific questions which you then drowned in a bunch of logorrhea.
lol too long? my bad i guess, basically what im saying is people (mainstream, general public) don't like the idea of converting large amounts of fiat for small "Sounding" denominations of bitcoin, regardless of value after exchanging your fiat, saying i have 2 million bitcoins ( BTC2.0) sounds better to the ear than saying i have 2 bitcoins (2.0 BTC) especially considering if BTC goes mainstream the majority of people would hold less than 1.0 btc (at its increased mainstream market value) i probably made understanding this worse, but its almost 1 am, so if anyone could translate my jargon i would appreciate it lol |
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Ok, been a good while since i last made a post on these forums (minus the one i made 5 mins ago) but i was going through some life issue so couldn't focus on the things i loved doing as much, this included my focus on bitcoin online, anyway, long story short, over the last week or two, i have been back to my regular "Talk about bitcoin with as many people i can" self, and the main hurdle is trying to get people that have never heard of bitcoin to understand its denominations, the first questions i usually get is, "How do i get bitcoin" then "How much are they" i always give the same answers, continuing to explain that bitcoin is a digital currency, its money, you don't "Buy" bitcoins, you exchange your local currency (£ in my case) for the amount you want in bitcoins, this question then moves on to " Ok, so how much is 1 Bitcoin" then after giving them what ever the market value is at the time ($528 at the time of this post) i get looked at like im crazy, then i have to go into explaining that bitcoins can be broken down to up to 8 decimal places & blah blah blah & even if the price was $1million per bitcoin you can still use it as normal currency because of the decimal values & blah blah blah... once i start talking about x amount of satoshi and x amount of mBits in 1 bitcoin etc im borderline getting laughed at, one person told me they couldn't ever imagine walking into a shop, picking up an item and saying to the shop keeper "How much satoshi is this" even explaining why its called a satoshi in the first place is a long process, the general public if bitcoin becomes mainstream are not going to care 1 bit (pun) about the name [The Legend] Satoshi Nakamoto the same way the general public do not care much about Vint Cerf and Robert Kahn. is it impossible to refer to bitcoin as: 0.000001 = 1 bitcoin (lowest denomination) 0.400000 = 400,000 bitcoin 1.000000 = 1m bitcoins / BTCitcoin or Bitcoin > Bits 0.000001 = 1bit (lowest denomination) 0.400000 = 400,000 bits 1.000000 = 1 Bitcoin (maybe not necessarily the examples above, but just something simpler, and before you say its already simple, i found it easier to teach my 4 year old nephew £Pounds & Pence, $Dollars & Cents than Bitcoins - MilliBitcoins - MicroBitcoins - Satoshis) I cant remember the stats now (so could be wrong), but im sure its hundreds of thousands if not a few million people currently using bitcoin but only less than 5% (could be way off) or something have more than 1 BTC i know allot of people (admittedly including myself) got into bitcoin for the "Quick cash gain" especially after 2013, but greed aside, bitcoin really stands a chance at being a real mainstream currency, if this is the case, as we all know, the price of bitcoin will for sure increase, but with the price increase, what's the likelihood of the average member of the general public owning 1 bitcoin at that point? especially if the price per bitcoin is in the high thousands. People will most likely be dealing with the "Bits" of a bitcoin http://bitcoinchaser.com/bitcoin-units-and-denominations Just read this quote on another post from today, though it might fit well: Humans have a hard time understanding or desiring small fractions of things. Three years ago there was a push to use mBTC as the standard unit to help with this psychological factor. Like many things in Bitcoinland... there was a lot of talk... and then nothing changed. So here we are, and there you are, with 2 BTC that you paid 2200 dollars for.
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Its the reason i begun looking into eth in the first place, although i have a bitcoin where my heart (& Wallet) used to be, it is a little annoying.
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Practically living off Bitcoin these days, got 2 BTC debit cards and use them daily
I haven't posted on the forum for a while, glad to see this thread is still alive, after reading through some of the past posts though, i have decided to make a small edit to the poll by adding "(Or Online) when i originally created the post and wrote stores i did mean either offline or online stores, but realise i should have made that clear as some have wrote things like "There are no stores for me to spend my btc but i do spend them online though" @Zebedee23, what are the BTC debit cards like? i have recently really been considering getting one as from what i understand they can be used anywhere, however i have read from a few people that sometimes transactions don't go through even if there are enough bitcoins on the card to confirm a purchase and some have had to wait weeks/months to receive cards that they have already pre-loaded with btc. Its definitely something i want to support, but i don't want to have to put up with any issues come payment time, i just want to pay and go lol As much as im definitely in the category of people that are waiting for a dramatic price increase, im also a firm believer that bitcoin should be a widely adopted form of currency and i think for that to happen, people need to spend, (wasn't it amazon that said the reason they haven't adopted taking bitcoin payments directly is because "Not enough people use/spend bitcoin" for them to consider taking it as a payment option?) |
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Me & a partner are currently building an online store which accepts bitcoin as a payment method, dont know if this counts as quitting my day job & going bitcoin full time or not lol but i'll be quitting my day job to commit to the site full time soon enough though.
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