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2981  Bitcoin / Bitcoin Discussion / Re: Bitcoin: The World’s Most Dramatic Bubble Ever? on: November 11, 2017, 11:28:34 AM
Bah. Another "bitcoin is a bubble" post. Bitcoin's rise in price could be anything else, and to think that infrastructure and businesses are built on top of the tech makes me think that it's here to stay and not just other crazy bubble mania like we have had in history. If this is indeed a real bubble. the real question is when will it end and at what point? No one knows for certain, and if it's indeed a bubble, all we can do is cash out whenever we're in the green and enjoy.

it is a bubble. but what you got to realise is that the housing bubble also had technology and infrastructure, businesses built on top of it.
a bubble is not about vapourware that vanishes into zero value once people realise its valueless.. a bubble is about something real that expands above its natural level based on alot of hot air(speculation).

this means that there is a natural level of value.. and the speculation ontop is the empty expanse that can burst.

with all speculation on assets there will always be a expansion of the price based on pure idiotic speculation/value over pricing.
and when it bursts it doesnt go to zero it just drops to a natural more realistic value, these natural realistic values are found on the markets by 'resistant points', values at which people will refuse to sell at because they deem the asset holds more value. some people call it 'the new low' or 'the new bottom' and yes the housing market did not drop to zero where people could buy a house for 1cent, but it definitely had a bubble and that bubble did burst.

so atleast realise that bitcoin is in a bubble. and know the real issue is that without good real utility. the natural waterline at the bottom of the bubble can decrease. which is why people should care more about the infrastructure, business and utility of bitcoin because without any of that holding the water line up, then when bubbles burst it causes more devastation to the fiat lovers who see the price crash more
2982  Bitcoin / Bitcoin Discussion / Re: Bitcoin Millionaire Tim Draper: Cryptocurrencies Will Replace Fiat in 5 Years on: November 09, 2017, 11:12:38 PM
5 years.. nah. itll take longer then that.

i know all the countris and banks are all working on thir chain integrations with hyper ledger. but it will take longer than 5 years to get normal people to covert their life savings, to change laws and to become fully using a crypto

at best id say 5 years for the countries to use crypto as the International Monetary Funds SDR platform, and much longer before things drip feed into a citizens hands
2983  Bitcoin / Bitcoin Discussion / Re: Segwit2x is DEAD! Now Core can go full steam ahead: GO GO GO! on: November 08, 2017, 11:45:30 PM
Now that's some good news that I'd love to hear and confirm.
As I said a few days ago, I've always been in favor of applying segwit as a whole to the bitcoin network as it was only supposed to get us better. I'm talking about a faster network with lower transaction fees.

But at that time it never came across my mind that it might come as a hard fork. And when I realized it, it really upset me.

segwit has been active for months. the funny part is that the mining pools themselves are afraid to use it.
check out their block reward addresses.. yep not segwit addresses.
btcc and slush were the two main mouth piece advertisers of how much they loved segwit.. and yet, still use legacy addresses for their rewards.


although the pools were arm twisted/paid off into accepting segwit earlier this year due to the subterfuge that it was part of deal to then also upgrade the base block.. now the baseblock has not got the 2x upgrade, we are not really in much of a better legacy position than 2015

even gmaxwell himself cant even get himself to change his own donation address to a segwit address
https://bitcointalk.org/index.php?action=profile;u=11425
Bitcoin address:    17F6gfDfTXpUdT9g2o3eqSmmwnUsPRokPB

2984  Bitcoin / Bitcoin Discussion / Re: Segwit2x is DEAD! Now Core can go full steam ahead: GO GO GO! on: November 08, 2017, 11:17:26 PM
firstly segwit2x was dead as a upgrade proposal back in august.. even back then everyone with sense knew it was an altcoin..

Looking forward to what Core delivers next in the short term and over the next year to make off chain scaling a reality.
^
proof centralisation has occured and that some people are actually excited by it (facepalm)

core have not used bitcoin consensus in the last few years, and stupid people think its a good thing.
i do hope they sell off and run back to fiat before their ignorance stalls bitcoin upgrades further

now all thats left is waiting another couple years for the legagy block(baseblock) to have another attempt to actually have more utility via more tx's..
meanwhile idiots can put their funds into dual signed addresses and no longer have full control of their funds under false pretence of it being 'better'
2985  Bitcoin / Bitcoin Discussion / Re: Segwit2X Cancelled on: November 08, 2017, 06:43:53 PM
segwit2x(b2x) was always intended as an altcoin and not a bitcoin upgrade

it was just a bait and switch to push segwit(core1x) into being accepted after 9 months of objection(from last year). and then backtrack out of the 2x part

core closed off the chance of any community adoption of B2x the same day it was suggested to core.
https://github.com/bitcoin/bitcoin/pull/11128
2986  Bitcoin / Bitcoin Discussion / Re: Support btc against s2x by running a core node on: November 08, 2017, 06:27:42 PM
Haven't seeing you around for a while mate, I suppose every time one of your buddies trying to hostile take over the Bitcoin you'll show up to defend

Diversification and teaching us about decentralization, from your point of view, we should support more than one version of Bitcoin software, aren't we

Already doing what you always wanted? Bch, Btg and now B2x. all prone to fail in the long run.

running altcoin nodes does NOT mean you support bitcoin decentralisation. altcoins are not bitcoin
even as far back as august segwit2x(b2x) was thrown into the altcoin realm.. it was the bscartel plan all along. bait the community to adopt segwit with a promise of 2mb base block.
bcause the community for 9 months refused segwit on its own..

..then backtrack and drop support for 2mb baseblocks by literally ip banning any node that was not cores segwit

its not the first time they done it and wont be the last.

core have gone full dictatorship and all people care about is FIAT value. not bitcoin utility(facepalm)
2987  Bitcoin / Bitcoin Discussion / Re: Support btc against s2x by running a core node on: November 06, 2017, 09:18:42 AM
Sound idea. Count me in. With Bitcoin being decentralized, us, the users, are really the only ones who can dictate where and how it moves forward. We should not let a single entity decide for us as a whole. These hostile takeovers are getting old.

That being said, it's sad how there are very few people who are willing to take a stand. They're standing by waiting for the victor to emerge. I suppose that's the smart thing to do, but it woul.d just set a nasty precedent that will bite all of our asses in the end.

lol so your taking a stance against centralisation is to be a sheep and only use a node from a single centralised source.. where the proposals for upgrades are moderated to the extreme and idea's closed within 24 hours if it does not fit the blockstream roadmap..

it seems many have not understood the real underlying problem or the true meaning of decentralisation
2988  Bitcoin / Bitcoin Discussion / Re: in future the Bitcoin will be the Money of Rich people only on: November 05, 2017, 10:27:05 PM
Not true. Even if price is 100k per BTC fees could theoretically still be less than 10 cents.

do some maths
if fee was just 1sat a byte.. then with the smallest tx being over 100bytes.. means 100 sat minimum

now work out what 100sats are if btc was $100k..

hint: far more than 10cents
2989  Bitcoin / Bitcoin Discussion / Re: Why is everybody so sure Segwit2x is going to be just another fork? on: November 02, 2017, 11:46:25 AM
Because the core is the core.

core is not the core.

if you start thinking core is the single point of decision then you have already given in to centralisation...... think long and hard about the statement i just said and dont automatically go to defense mode.

but the rest of your post just goes to show most centralists only care about free coins and not decentralisation, not consensus and not bitcoin upgrades, its all about increasing future fiat profit not bitcoins longevity/ethos
2990  Bitcoin / Bitcoin Discussion / Re: Why is everybody so sure Segwit2x is going to be just another fork? on: November 01, 2017, 11:36:18 PM
I strongly doubt that much of the money people have invested in BTC is invested with the intention of spending at merchants anymore.  Some of it is but I doubt it's the majority.

supported by a variety of major services, so it'll at least not be irrelevant.

major services... im guessing by reading your first statement where you are practically saying that merchants dont matter in this economy (facepalm) that the services you speak of are just the silly exchanges that accept any crap coin..

as i said unless there is an actual PURPOSE of a coin (need to have it to buy something) then all that is left is the speculative bubble market of exchanges, thus no different then clams or other altcoin of no purpose than to speculate

so merchants are relevant if its to be considered a proper REAL WORLD REAL USAGE currency rather than just a speculative exchange investment in the bubble market
2991  Bitcoin / Bitcoin Discussion / Re: Why is everybody so sure Segwit2x is going to be just another fork? on: November 01, 2017, 10:10:39 PM
Quote
However, the future of bitcoin depends on four main groups: 1) core developers, 2) miners, 3) exchangers and 4) users.

miners will mine whatever makes them profit.
exchanges will accept pretty much any coin these days so they dont care

but what really makes a coin useful, popular and ultimately the main coin is what the coin that merchants accept.. meaning coinbase /bitpay due to the merchant shopping cart services they offer. ill emphasise merchant tools part of coinbase, not the exchange part

core will and are doing everything they can to ensure x2 is an altcoin and not a core upgrade proposal.

personally i would have been happy with the x2 IF it was allowed as a bitcoin upgrade. but knowing its just a bait and switch plan of the bscartel just to get segwit and then backtrack out of x2 like they did last year and year before by only wanting anything more than a 1mb base block to be an altcoin..

anyway x2 will 100% be an alt.. and knowing that coinbase and bitpay are bscartel controlled, this whole x2 drama is just an over hyped clams3.0 scenario
2992  Bitcoin / Bitcoin Discussion / Re: How likely will there be a chain-split for X2? on: November 01, 2017, 02:34:26 PM
This lady is such a whiny little bitch. No one cares about your feelings. Such a snowflake.

your comment has nothing to do with bitcoin or the bait ans switch games the bscartel are playing. maybe its time you spent more time understanding bitcoin and the community and less time crying your sheep bleets of insults that just offer no value

have a good day though

..
anyway back to the topic at hand
yes x2 will be an alt like the other 500+ copies that occured over the last few years.
and yes the bitcoin network has wasted 2 years and still not got the 2mb base blocksize that was promised
and yes the bscartel want it that way while distracting people with crap social drama and bribing with free coins to get people to prefer altcoin creating rather than network upgrading
2993  Economy / Speculation / Re: What is the reason for Pump in Bitcoin Price? Is the price is real valued one ? on: November 01, 2017, 12:46:51 PM
there is less coin being held in exchanges due to lack of trust.

this makes it extremely easy to buy up the market and shift the price very cheaply.

bitcoins price does NOT show/verify its value. because for just $30 its possible to make a exchange raise the price so that the whole market cap increases by $16million..

yep $30 has been known/shown/proven to increase the market cap by $16m. meaning the exchange markets and the market cap are highly manipulated.

2994  Bitcoin / Bitcoin Discussion / Re: How likely will there be a chain-split for X2? on: November 01, 2017, 12:33:54 PM
The community will decide by either holding SegWit or SegWit2x. Simple as that. Without Core denying SegWit2x this choice wouldn't even exist.

seems people need to research the properties of bitcoins mechanism called consensus

core are AVOIDING consensus by throwing a possible upgrade into the realms of an altcoin.
if core actually allowed the consensus mechanism to run its course, there would be a choice.. either the network upgrades to a more utility allowing network or stays as it is.

but instead core have just thrown out the dummy and decided against a network upgrade and instead just scammed the community with fake hope by bribing them to think that getting "free coins" is better then a better network


You mean between Bitcoin and corpcoin FIFY  Wink

bitcoin is the corp coin.. the x2 is part of the same cartel. giving the illusion of choice and the dramatic distractions of free coins and 2 years of debates, while ultimately still not allowing a proper network upgrade.

check out the puppet masters behind the devs (http://dcg.co/portfolio/), all puppets lead to the same puppetmasters.. and while you just troll your sheepish comments, the network still wont be upgraded.. all that happens is that another altcoin is created and the BScartel hope that those that hate the corporate control will f*ck off to the altcoin to give the corp more control..


what you need to realise is the jgarzic isnt opposing the bscartel, he is part of the cartel and part of the myth that its offering a bitcoin upgrade choice.
all they care about is baiting and switching to start getting bitcoin into the intellectual property control of the bscartels patents.

they have thier segwit patent implemented into bitcoin now, thanks to the bait of the first phase of setwitx2.. and now the second phase (just the x2 part) is approaching the bscartel are doing all they can to back out of upgrading the network.

...
now lets see all the sheep comments from people crying that they dont care about bitcoins utility/longevity/ethos/need as long as they make profit to return to fiat
(if your going to ignore the puppet strings of dcg, dont even bother replying)
2995  Bitcoin / Bitcoin Discussion / Re: How likely will there be a chain-split for X2? on: October 31, 2017, 11:02:22 PM
it will happen

core love their dictatorship position and will ban hammer anything not in their control, thus throwing anything not core into altcoin land
and if you even try to add a bip to core, it will get closed off within 24 hours

as you can see here
https://github.com/bitcoin/bitcoin/pull/11128

sipa (of blockstream) closed the bip within 24 hours.. without even giving much chance of community involvement

and then to make it even funnier the same devs that oppose it pretended to not have control of bitcoin by saying (pretending) they would allow "the community" to decide if the network upgrades (facepalm)
2996  Bitcoin / Bitcoin Discussion / Re: BT1 to BT2 ratio means.... ? on: October 29, 2017, 11:20:39 AM
no, this just means bitfinex is making more money now that it has two additional "fake" markets for tokens that do not exist in the real world.

you can not trust the price either because the tokens do not exist in the real world! for example there is no BT2 tokens to sell so there is no sell pressure that would have been in reality if the tokens were real.

Sorry, hope to understand, what do you mean the tokens does not exist? It is already being traded for fiat and BTC, same as BTC... does BTC exist anywhere? Both BT1 and BT2 are the same as BTC... am I missing something?

you cannot withdraw BT2 to a wallet. so its not a real crypto.. its just a database entry on bitfinex's website. hence its a fake token as the other person said.

probably find some (no2x) propagandists were handed millions of fake bt2 tokens by bitfinex and they are just selling them to cause fake results.

the 'market' these days is meaningless.. even the market cap is pumped. if you look at some of the volumes of orders, you can see that there have been times that the price can move by spending less than $100..
yes a market cap can move up or down by $16mill just by spending $100..

i think its worth you understanding the markets more

what people really need to look at to know if a REAL coin is successful or failure is to see what merchants and retail payment/shoppingcart services are accepting.. after all if you cant buy anything with a coin, its useless.
2997  Bitcoin / Bitcoin Discussion / Re: Private key constructed from DNA on: October 22, 2017, 09:43:05 PM
the reason bitcoin is safe, is because the only thing transmitted to a retailer is a UNIQUE tx which has a unique signature..

going to a store and handing them your dna/retina for a scrambler to then sign a tx is stupid. as the scanner then holds your dna.
this is the same foolishness as credit cards. you are handing over your identity with the 'hope' your details wont be re-used.

sorry but finger pricking blood sampling at a retailer is bad, not just for the reason above but also for hygiene, convenience..
we are in a day of 'touchless technology' yet the op wants to think putting a finger inside a scanner thousands of people touch daily is a innovation?.. um nope

an innovation is a mobile wallet that stores only 11 of the 12 passphrase seed and the user types in the last passphrase as a confirmation password. a tx is then signed and the unique tx is sent to the retailer.

biometrics has been discussed at length before. humans only have a limited amount of bio data which lasts them for life. (much like a social security number lasts for life) once compromised.. their screwed
2998  Bitcoin / Bitcoin Discussion / Re: What happen if bitcoin build a headquarter bank on: October 21, 2017, 04:04:29 PM
You should keep in mind that bitcoin are created for the purpose of not having any intermediaries managing your assets. Each person's account is self-managed. If the BTC intervenes, it will no longer be the BTC's original goal. In terms of creating ATM cards, I don't think it is necessary at present because there are ATMs for buying / selling directly with Bitcoin.

its time some people stop looking at the 8year old philosophy and start looking at the reality.. starting with the arrogant and centralised push for 'lightning'

lightning network is where people need to deposit funds into an address that is DUAL MANAGED!!
meaning you have to link to a counter party and have them agree/say yes to a transaction you want to perform.

current tests/concepts have found that distributed 'spokes' do not work. and centralised 'hubs' are the only efficient way for the route functions.. this in non buzzworded terms is banks(the hubs) managing your transactions.. hense people shouting out that lightning is ultimately banking2.0
2999  Bitcoin / Bitcoin Discussion / Re: What happen if bitcoin build a headquarter bank on: October 21, 2017, 02:49:23 PM
what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

bitcoin is not a person to build a bank.
bitcoin is not a centralized group that can build a bank.

anything that is made is made by third parties like you and me.
nothing happens when others offer different services such as wallets (coinbase, xapo,...) exchanges (bitfinex, poloniex,...) gambling sites (....). so nothing will happen when someone offers a "bank" services too.

what did you expect to happen anyways?

hav you seen blockstream lately..
they OWN the github and control what happens
the "you and me" you talk about have tried to do bips to upgrade the network and within 24 hours a blockstream employee has closed the bip/issue.

its time you get your head out of the sand thinking bitcoin code is not controlled and the gateways in and out of bitcoin are not controlled.
3000  Bitcoin / Bitcoin Discussion / Re: What happen if bitcoin build a headquarter bank on: October 21, 2017, 08:42:38 AM
it already exists

http://dcg.co/portfolio/

they have blockstream, bloq and many others as the IT department

coinbase, bitpay, bitflyer, bitoasis, bitpasa, bitso, kraken, coinsetter and soo many more as their 'local bank branches'

they even have their own media outlet, coindesk to control what they want people to know.
stil dont believe it? well check out all the debates over the last 3 years, if its not managed by guys funded by DCG, it gets REKT
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