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2801  Bitcoin / Bitcoin Discussion / Re: Cobra-bitcoin compromised. is not safe bitcoin site anymore on: March 07, 2018, 10:11:38 PM
for what i understand you propose for all of us to have done a logical step down and accept the follow term to prevent the bcash fork.

1. That Craig Wright is Satoshi and that his proposal of big blocks, 20k nodes are the true satoshi vision
2. That Roger Ver is the most brilliant tech guy to bitcoin ecosystem and everything he says is very logical in tech terms
3. To accept the blackmail from Jihan Wu and the situation that miners has the most power to bitcoin ecosystem to cancel segwit activation for months and never UASF happens
4. To accept that the real rulers of Bitcoin ecosystem is miners and big companies and never fight back for segwit2x
5. To accept that every crap opinion has much more value that whet bitcoin engineers says.

and finally to accept now that Cobra, a silent account for years that get active the last months, is not compromised even when he promote things that has not sense.
No dude. Bitcoin ecosystem was not work like this and was not survive so many years with hippies and flowers.

take off your blockstream dev defense hat.. and instead of the band camp/defense attack rhetoric... argue about BITCOINS ethos and utility.
all people are trying to hint to you is that you care more about the blockstream devs having ultimate decision powers and no one else should

take a step back from the keyboard. make a cup of coffee and think long and hard about WHO/WHAT you are defending
2802  Bitcoin / Bitcoin Discussion / Re: Cobra-bitcoin compromised. is not safe bitcoin site anymore on: March 07, 2018, 09:43:22 PM
bitmain wants to make bitcoin cash more wide and popular among people than bitcoin.

the only time you should worry about bitcoin cash getting more wide spread, is not about twitter accounts or website links.. but when real world merchants stop accepting bitcoin and choose a different crypto.

and then instead of crying its a conspiracy/attack.. ask yourself what has bitcoin actually done to keep decentralisation and community openness alive.
so far since 2014 (the advent of core/blockstream) all i have seen is bitcoins ethos and utility slowly diminish

but hey.. go back a couple decades and go point fingers blaming a conspiracy that myspace failed because facebook spoofed some twitter account. instead of realising that myspace stagnated and failed to listen to its community, and thus the community decided something else was needed.

personally no one can pigeion hole me into any "camp" because my philosophy is decentralisation. not band camp preference.. and its more than likely that the merchant adopting crypto will be something more like litecoin or even a yet to be conceived coin, rather than any bitcoin fork, if blockstream continue with their roadmap
2803  Bitcoin / Bitcoin Discussion / Re: Cobra-bitcoin compromised. is not safe bitcoin site anymore on: March 07, 2018, 09:17:17 PM
makes me laugh

person doesnt follow the blockstream roadmap like a bible.. so chek2fire says take away control of website and give it solely to blockstream fanboys... all because of a twitter account.
where said twitter account might be a spoof anyway

thats like saying you want a divorse because you seen a fresh pair of boxers in your wifes bed.. before even asking who's boxers they were.. maybe she likes wearing boxers herself but doesnt want to wear yours because she knows where they have been.. maybe she bought you a fresh pair because she knows where your old ones have been.

but hey deep down people soon realise what you really wanted was any excuse to not have to share the bed with anyone that opposes your opinion
chek2fire bitcoin WAS suppose to be decentralised. but instead of having the whole x1 x2 as a single network consensus..
(like unlimited, xt, classic was 2014-2016)
 blockstreamers baracaded themselves into a cabin and then got bloq to help push x2 into altcoin land so that blockstreams x1 got activated even though x1 was only getting 30% of the community node vote prior to their game

by saying anything not core is an attack is the simple admission that you believe core own bitcoin. and thus you admit that bitcoin is not decentralised.


while i do love seeing blockstream fanboys blaming others to distract the attention away from how bitcoin is losing its ethos because of blockstream fanboyerism.. all they are really doing is just pushing people away unless they are part of a roadmapped central agenda

what should have happened is that if blockstream didnt get the 2015 segwit vote and then didnt get the consensus vote. blockstream(core) should have gave up and listened to the community by trying something else. but instead they banished the opposition into altcoin land to 'rig' the vote in blockstreams roadmaps favour

but hey now they can push as many soft forks as they like without a vote. so thats why some are saying full nodes are no longer required. because its all gone centralised..

but hey. as long as you can make people look in the other direction while bitcoins utility diminishes further.. you will be happy right
2804  Economy / Speculation / Re: The way of BITCOIN! 2018 on: March 07, 2018, 12:08:50 AM
gotta laugh when people shout bitcoin $1m

if bitcoin was $1m .. then 1 sat would be 1cent meaning the most leanest tx possible would be over a dollar even when there is no spam..
sorry but no one would like to use bitcoin if it was guaranteed to always cost $1 per use forever
(no fanboys dont rebutt with the LN banking hub service as your defence as thats not bitcoin ethos, thats the fiat banking2.0 service ethos)

also if you compare the whole scarcity 'value'
with there being 175,000 tonnes of gold (6,173,000,000 ounces) totalling about $8.2trillian cap.. if there were 21million units of gold that would put each gold unit at just under $400k

so knowing how popular gold is and how long it has been around. on a scarcity unit of 21mill units.. its value would only be just shy of $400k
sorry but bitcoin just doesnt have the utility/function for world usage.. and it doesnt have the popularity, trust, recognition of gold

i do love bitcoin (in its original ethos) but it is worth atleast being realistic and inform people that reality is not a utopia.

with that said.. their is chance of bitcoin being $1m.. but thats when a loaf of bread would be more than a dollar too. so from a cost of living viewpoint, bitcoin being $1m would not mean you could buy 1million loaves of bread. (research Zimbabwe dollar for concept(hint fiat inflation))
2805  Bitcoin / Bitcoin Discussion / Re: Cobra-bitcoin compromised. is not safe bitcoin site anymore on: March 06, 2018, 11:33:27 PM
that twitter account is only 6 months old... i smell phish

but then again cobra wanted to rewrite satoshi's whitepaper and still call it satoshi's paper.. so i think he has always had a few brain cells short of a braincell
2806  Bitcoin / Bitcoin Discussion / Re: Founder of Microsoft Makes a Dim View on Cryptocurrency on: March 06, 2018, 08:20:08 AM
funny part is..
bill gates hands out millions of vaccines in africa each year..

he has become one hell of a big drug dealer himself
2807  Economy / Economics / Re: Is banking still important in the bitcoin era? on: March 06, 2018, 06:46:35 AM
banks will only not matter once cryptos stop doing this:
1, stop being measured against fiat
2. stop being traded against fiat
but that would require people to stop buying food, clothing and paying tax in fiat.

as for 'banks' not mattering to society in a crypto utopia..
well if you look at the direction bitcoin is going.. LN hubs become bank2.0 where retailers start being the bank... oh wait in the UK we already have virgin bank, tesco bank, sainsburys bank moving fiat around.. so not much of a step to move crypto around where they control CLTV (1-3 business day fund maturity) and CSV(chargeback/wire reversal)..

and altcoins will have masternodes as bank 2.0
2808  Bitcoin / Bitcoin Discussion / Re: Should I change the setup of this bitcoin mining room setup. on: March 06, 2018, 05:28:41 AM
first of all your mining on a nanopool.. not a bitcoin pool

secondly if you were mining bitcoin. you wont make ROI with that small scale of asics/GPU's
your plan is about 4 years out of date for mining bitcoin.

but good luck with your electric bill
2809  Bitcoin / Bitcoin Discussion / Re: Should Bitcoin be used to help countries hit by disaster? on: March 06, 2018, 04:26:23 AM
i gotta laugh..
when someone wants to introduce something. they try to make it sound official. problem is that the link in the OP is not a real BBC new article thats been vetted and reported by BBC reporters. instead its part of BBC's stories blog area. that anyone can post in.

i really hate it when people try to make it look like thier story/project/ idea has been reported by news/media where the reality is that its just a blog post.

this makes me (a known donator for years) not want to donate to such a cause because the way to introduce their idea has alot of trickery behind it.

the reality is this though.
imagine it cost a country $50k to rebuild a house. a country does deals with developers.. these developers gets government grants of say $20k and also $30k from insurance companies.

these government grants are normally in the form of not charging housing developers corporation tax or its employees income tax. (which makes up the 40% of cost($20k/house)
and the insurance company saves 40% compared to having to pay out the full $50k themselves.
you will even find that telephone companies, sewerage/water companies/electric companies can drop the $50k cost down further because they put in the utility lines for free and then the resident pays for the phone lin rental/water/sewearage charges over years as part of their monthly bill when they move back in.

you will find that donating does not end up putting funds into residents hands but instead the money goes to cut how much insurance companies have to pay out. meaning the same house is built but now the insurance company can tell its board member they have more profit.because they only had to pay out say $25k of a $50k house

this is the other reason i wont be donating for such a scheme. my donations are usually to frontline services and given for water/food/clothing for the victims to survive on while the mega corps do what they should be doing as their legal duty to their customers.

but i only donate to causes where i can see that the funds are going to the victims and not the penpusher office workers waiting for a bonus/salary increase.

until there is a really good and transparent understanding of the end-to-end (donation->victim) path that cannot be siphoned off.. i would not donate to some random american red cross appeal that has a CEO earning $1m a year, even if that cough "charity" cough is well known and established
2810  Bitcoin / Bitcoin Discussion / Re: Do you support the Use of Bitcoin as a National Currency? on: March 06, 2018, 04:01:34 AM
The Free Republic of Liberland already uses Bitcoin as its national currency, though it is a small country.
What happens when bigger countries like USA follows suit.

its not a country..
its not even a civilisation

the liberland is just 7km2. it is not even big enough to have a substantial population or area big enough for living, working and growing its own produce to be self sufficient.

imagine something thats been round longer/has more population/land/cultiure and civilisation..
do you really think that native americans / amish have their own "country". even if they have their own land and try to suggest they dont follow the laws of america and and instead have their own laws/courts/punishment system they are still in america and not their own independent country separate from america.

there is alot more that land owners need to do than just design a flag and stick it in the ground while sipping a glass of champagne saying its their independence day.

anyway that said.. proper legit countries wont just take bitcoin on as their national currency. they cannot own/licence/control it like they do with fiat. .. at best they can do is allow people to use it as just another secondary means of payment much like its not illegal to let people swap a case of beers as payment for someone fixing their car or doing a bit of house DIY/plumbing
2811  Bitcoin / Bitcoin Discussion / Re: Do you support the Use of Bitcoin as a National Currency? on: March 06, 2018, 03:11:30 AM
countries wont use bitcoin as their national currency.

what is more likely to happen over the next decade is that instead of using banks standard database models. governments/banks will create their own fiat 2.0 based on blockchain ledgers. and those ledgers will intercommunicate with each other where by something like hyperledger becomes the IMF auditor/controller of each inter-dependant fiat 2.0 blockchain ledger
2812  Bitcoin / Bitcoin Discussion / Re: Bitcoin censorship with PR Newswire on: March 06, 2018, 01:16:53 AM
your trying to ADVERTISE but trying to do it as a PRESS RELEASE...

can you even understand where you failed
2813  Bitcoin / Bitcoin Discussion / Re: Why do more and more people use bitcoin instead of classic bitcoin? on: March 05, 2018, 01:50:43 AM
i feel that when it comes to merchant adoption.. both bitcoin and all its forks still have onchain issues...
i feel it will end up being something like litecoin will leap ahead or another coin in terms of merchant adoption

bitcoin devs became centralised. commercialised and knuckle dragged real onchain utility growth.. and their 2nd layer project is something that even litecoin can use. so litecoin seems to be receiving alot more chatter as the go-to coin by merchants in the future.. bitcoin just lost too much rep which it wont gain back with its 2nd layer projects. especially when other coins can use them same 2nd layer tools

think about it.. 2 years WASTED and only this week has core made a semi 90% consumer ready version of their 2015 roadmap. and now say 4+ years for a consumer ready 2nd layer
2814  Bitcoin / Bitcoin Discussion / Re: Can the idea of creating a Bitcoin Bank solve the problem of transactions? on: March 04, 2018, 11:07:22 PM
anyone saying it goes against bitcoins ethos is correct.. but go look into LN hubs and realise thats the direction devs want to take bitcoin

oh and dont forget the cltv - 1-3 business day fund maturity before being able to spend
oh and dond forget the csv - chargeback

Don't forget that Lighting is just a second layer, meaning that you don't have to use it. Every person that uses Lightning, means less space on the blockchain. In essence you'll have the benefits of Lightning without using it, so why would care? Also the people that already use services like Coinbase won't have more centralization than they already have.

and do you really think that LN can function at its best if LN close channels are not prioritised above normal legacy transactions??

imagine it. a LN channel signed a TX with low tx fee, and its csv revoke tx is then obviously not accepted by the block intime due to onchain spam.. and ofcourse you cant get a LN partner to re-sign a new revoke with a higher fee. because the revoke is sent because a partner disapproves of the channel partnership
ofcourse the next stage is to prioritise LN transactions into blocks as a work around for LN channels with low onchain fee's
thus causing more dev created drama to the onchain delays debate, with the false premiss that doing so is beneficial for the smooth running of LN (at the further distress of normal onchain spenders)
2815  Bitcoin / Bitcoin Discussion / Re: Can the idea of creating a Bitcoin Bank solve the problem of transactions? on: March 04, 2018, 10:21:23 PM
anyone saying it goes against bitcoins ethos is correct.. but go look into LN hubs and realise thats the direction devs want to take bitcoin

oh and dont forget the cltv - 1-3 business day fund maturity before being able to spend
oh and dond forget the csv - chargeback

2816  Bitcoin / Bitcoin Discussion / Re: Where is all the "Bcore" propaganda everyone keeps mentioning? on: March 04, 2018, 10:01:22 PM
this is all because, if you have an idea/feature you want in bitcoin. you cannot just make a full node wallet and let it run and promote the community to run it too.
many have tried and the blockstream crew deem it an attack

blockstream deem only core can be the organisation that controls future features of bitcoin. and if you want your feature included in bitcoin this is the process you have to follow:

"People wishing to submit BIPs, first should propose their idea or document to the mailing list.
this mailing list is moderated by rusty russell - blockstream employee

"After discussion, please open a PR. After copy-editing and acceptance, it will be published here. [bitcoin BIPS on github]"
this bip listing is moderated by Luke Dashir - blockstream employee

if you want to discuss a feature on the development category of this forum, you will find it is moderated by gmaxwell - blockstream employee

as for the bitcoin code
the total rewrite of satoshi's code of 2009+.. to what became bitcoin core was done mainly by pieter wuille - blockstream employee
(sipa segwit core rewrite)

the ring network between pools (fibre) is managed by a version wrote by Matt Corallo - blockstream employee

the majority of the DNS seeds for the network are monitored by blockstream employees

again if anyone was to dare make their own wallet with new features that are not aligned to the blockstream roadmap of 2015, is treated as an attack

this can be seen by how aggressive blockstream employees have been against xt, classic,unlimited, and many other full nodes that go against blockstreams roadmap

and yes i can predict alot of flaming from some who try their damned hardest to pigeon hole me into some altcoin camp.. yet cant deny the proof..

and yes some will try suggesting that matt corrallo and gmaxwell and luke JR are not employed by blockstream, but we all know thy are the founders of blockstream.. its an immutable truth even they cant rewrite
2817  Bitcoin / Bitcoin Discussion / Re: I have just found an eastern egg I think. What do to with it ? on: March 04, 2018, 08:58:57 PM
yea it happens when you have made 1337 posts
2818  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency Forks are bait, a scam to get the seeds to (all?) wallets. on: March 04, 2018, 06:38:04 PM
i think what the OP is saying is this:

dont just move coins to a new address if your old wallet was a HD seed wallet, ensure the new address is from a legacy private key and not just a fresh address using you HDwallet seed, after all even if the funds have moved.. using a HD seed that also points to your new address still put your moved funds at risk
2819  Bitcoin / Bitcoin Discussion / Re: The environmental problem on: March 04, 2018, 05:13:33 PM
think about it this way..
if we were mining using GPU's the electric used by the network would be much higher but the difficulty(security from brute forcing) would be weaker

that said
the total 23exahash is about 1.8mill S9 miners

there are half a million ATMS in america
there are 6700 banks in america, many bank call centres, head quarters
(1.4mill employee's probably with access to a pc each)
then we have the background stuff like visa, mastercard and amex servers

and thats before you equate the fuel consumption of the secure bank note armored delivery vehicles and staff getting to work
and thats before you equate the physical resource consumption of printing bank notes..

if you done some maths you would see moving fiat around uses more electric and is less secure than bitcoin

in short FIAT is less environmentally friendly
2820  Economy / Speculation / Re: Low volume is it significant on: March 04, 2018, 01:26:31 PM
it is significant

with less volume means that its much easier for day traders to affect the price without spending much.
imagine it like this
imagine all (near) 17mill coins were on exchanges and everyone had to set a price they are willing to sell their coins for. you would see orderlines costing millions just to get to the next level(price increase/decrease)

yet with low volumes, day traders can move the price up or down for only a few hundred dollars per orderline

anyway, there are many reasons why there is low volume.
too many exchanges so that instead of say 2mill trader coins on 3 exchanges(avg 666k each) , those coins are now spread over 20 exchanges(avg 100k each)
other things are when exchanges that handle fiat are hit with some AML/KYC restriction where it becoomes suddenly harder to deposit coin or fiat due to extra paperwork and registration requirements
when exchanges claim they been hacked, traders lose confidence in all exchanges and take coins out incase their other exchange follows suit
real world events like nearing a end of a tax year or a chinese new year or christmas affects peoples spending power and peoples trading habiits change

but basically, if there is a period where volumes are low due to orderlines bing empty (people making orderlines of well under a satoshi) it becomes much easier for prices to move
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