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3261  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Bitcoin Classic on: June 18, 2017, 01:32:24 PM
No use supporting a coin that are not accepted for payment everywhere.  Roll Eyes
thats what matters most.. many people think its about price.. long term its about what bitpay / coinbase offer as the coin thats acceptable to their merchant tools/shopping cart API

as for the exchanges.. pretty much all the coins will be on all the exchanges
3262  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Bitcoin Classic on: June 18, 2017, 12:39:15 PM
the OP is talking about legacy bitcoin (as it is today) vs the split of the august 1st bip version.
nothing related to software 'brands'..
I would like to hear your thoughts about it,will there be a split or we will be able to get through with the upgrade without any issue.What ever may be the case i would stick with bitcoin and if there is a split i would happily sell them off for bitcoin because the fake chain wont last.
EDIT : Damn a three way split.  Shocked

technically
the main bitcoin would grow..
this is because instead of selling the main bitcoin for dollars (usually causing price to go down)
people who dont wont the main bitcoin wont sell it for dollars.. instead they sell it on the splits orderbooks instead.
thus less tanking of the main orderbook<>usd... and instead more volume on the main<>splits orderbooks

but... speculation over-rules technicals
knowing how day-traders work
speculation will make people arbitrage between the splits and main trying hard to get the splits to have value by doing arbitraging.. so it can go any way, due to speculation. it all depends what the exchange owners and arbitraging traders want to play it
3263  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Bitcoin Classic on: June 18, 2017, 12:09:35 PM
i don't remember what these kids are calling the new possible split coin but it is certainly not called classic (they are calling it either JihanCOin or BitmainCoin). and the other is UASF coin. and the current bitcoin is bitcoin!

and don't be so sure about prices if an split happens because you are not considering all the panic and FUD on all the chains, doesn't matter which side you are on! and not to mention all the manipulative dumps.

you should either do something or sit and pray that a split doesn't happen Wink

august 1st became a date where one of the bscartel bips chose to start biasedly orphaning blocks to fake segwit support.. if miners chose to go for it..that chain will be BScoin


then there is the nodes that WONT biasedy orphan blocks which is bitcoin as it is today..

but if the bscoin does get some hashrate, then there will also be a altcoin aswell (separate from bscoin) which will be the bitmain altcoin

so if there is hashpower behind the bscartel crap.. things can split 3 ways
3264  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Bitcoin Classic on: June 18, 2017, 11:59:20 AM
OK, let's assume after August 1 this happens and we will have both coins.

I have 2 questions please:

1. Which one do you think will preserve the higher value?  
2. Are you going to invest into the one with lower value then switch back for extra returns?

My answers:
1. Bitcoin
2. I'd buy some Bitcoin Classic only to exchange it into Bitcoin again later

Thanks!

I believe BTC will preserve a higher value over BTCC/BTU due to Segwit having more supporters by a good amount (I think). But I'm  kinda thinking that it will be a bit close in the start, like 60-40 in ratio.

2. This is quite a difficult decision for me. If the price ratio would be like 80:20, then I would go with the higher for sure. If the ratio is close? Not sure yet.

lol

the OP is talking about legacy bitcoin (as it is today) vs the split of the august 1st bip version.
nothing related to software 'brands'..
3265  Bitcoin / Bitcoin Discussion / Re: Proposal Support on: June 18, 2017, 11:40:11 AM
each have flaws, each open up the network to new attack/spam/bloat vectors that can make things worse not better.
No.

keep sticking your head in the sand lauda.
3266  Bitcoin / Bitcoin Discussion / Re: Proposal Support on: June 18, 2017, 10:48:29 AM
ever thought that all the options are just weak and deficient and that we should not just 'settle' for good enough.

each have flaws, each open up the network to new attack/spam/bloat vectors that can make things worse not better.
we should not just let devs get their way and settle for whatever they do.

if only devs were independent, rather than factions of BS vs 'the others' things would have moved on

what needs to be done is for devs to get off their thrones and start listening to criticism and fix the issues. not let the devs form a faction and send out their reddit scripts to hypnotise and distract the conversations away from the issues.

by saying 'its impossible' to get XYZ is a lie.. it is possible. but when the community want XYZ but the devs just want to offer is X+a or y+a or z+a but refuse XYZA, even knowing this drama can continue right up until 2019('late 2018'),

devs are not ready to give in and offer XYZA.. any time soon.. if ever

.
what a true "reference" client should offer is
the ability for users to turn off and on options, make choices and have settings..

then let consensus decide what goes forward. not spoon feed out v0.xxx every 3 months and wait for people to be hypnotised into following X
3267  Bitcoin / Bitcoin Discussion / Re: SegWit and Hardfork on: June 17, 2017, 03:38:22 PM
Well, thanks​ for your explanation. It mean you propose;  an upgrade to 4Mb blocksize?
make the block consensus dynamic during runtime (meaning no more years of dev pleading) with a starting point of 4mb block..


Which one from all of those (whether segwit or else which some people/devs have proposed solution (fixed nodes)) that at least close to your opinion franky1? That you think it will going better for bitcoin development.

all the proposals are outdated.
even the sgwit2mb is outdated.. that would have been acceptable for 2015.. but now we are in 2017 and it will be 2018 before people actually get any utility out of any proposals once activated.. so we need to think about 2018, not just keep pushing 2015 proposals, as they are too late now.

this is why in another thread i said all the proposals are weak. because they all miss atleast one thing and many miss many things the community need right now and soon

3268  Alternate cryptocurrencies / Altcoin Discussion / Re: Predict the date for the 'Flippening' - on: June 17, 2017, 03:29:16 PM
If you think Ether is competing with Bitcoin for merchant transactions you don't understand what Ethereum is offering. Ether tokens represent computing power on Ethereum's blockchain platform, it's not a monetary currency to buy goods and services. (The Ethereum folks mention this on their website).

The "market observers" who coined the word "the Flippening" are confusing too many people. This isn't about Ether replacing Bitcoin. It's about the investment value of bitcoin the currency and ether the computing power token. It's frustrating that so many people are confusing this key detail.

From a Coindesk article on the FLippening "branded 'The Flippening' by market observers, this new hypothetical is defined loosely as the point at which a competing blockchain network could replace bitcoin as the largest and best capitalized blockchain." (http://www.coindesk.com/flippening-will-ether-pass-bitcoin-will-mean/)

This "guess the date" question is like guessing when the market cap of Google exceeded the market cap of the Euro.

The only similarity is that since the crypto market is so small some money that was invested in Bitcoin is likely being sold to invest in Ethereum....not as a currency but because the price per token is sky rocketing.

lol
1. the market 'cap' has nothing to do with how much capital is invested..
its just silly maths of taking the valu of a single coin. and multiplying it by circulation..
i said in other topics anyone can make an altcoin with 5 trillion premined coins.. sell 1 coin for $1 and bam $5trillion cap..

what means a heck of alot more is not market cap... but utility..
all im saying is.. all a 'flippening' does is show a crappy flip of a numeric figure.. but has no meaning of real use/purpose.
i would care more about a flippening event. if the flippening involved a measure of something more concrete. like user adoption/utility, employee's working on projects, ... not just an empty number like market cap
3269  Alternate cryptocurrencies / Altcoin Discussion / Re: Predict the date for the 'Flippening' - on: June 17, 2017, 02:29:32 PM
no one smart cares much about the market cap. as that can swing..
plus the market cap is just measuring how much the fools can get when the exit back to fiat.. missing the point of crypto's features and benefits


what would be best to look out for is when/if merchant adoption via bitpay/coinbase 'flips' away from bitcoin.. then things will really change
3270  Bitcoin / Bitcoin Discussion / Re: Proposal Support on: June 17, 2017, 11:41:03 AM
but if you can't get behind it (or any of the other proposals) because of your views on the "1 merkle block where all keypairs sit side by side in same area" part, you're just going to isolate yourself.  You have to recognise the main trend in this thread so far, which is that everyone else who has posted has, in some form or another, expressed support for SegWit.  I don't mean to be blunt, but, regardless of your feelings towards it, there's too much momentum behind the idea for you to obstruct it.  With the possible exception of extreme ossification and stagnation where this debate never ends, the only outcome moving forward is one that includes SegWit.  Either accept that, or find yourself moving (of your own volition) to the fringes where your voice won't be heard.  

you do realise that segwit can actually be done in a 1 merkle block..
ill leave you to think about that and have a lightbulb(epiphany) moment.

3271  Bitcoin / Bitcoin Discussion / Re: BitCoin Thinly Traded due to lack of Custody Services, liquidity from fake news on: June 17, 2017, 10:51:19 AM
that happens anyways does it not as even on wall street and other exchanges a good/serious broker is going to recommend buying in "blocks" if he is moving around a lot of money (at this rate a traditional block can be definitely less than $2800 worth of investment or stock)

true but many times i have seen many 'blocks' of about 0.011btc (under $30)

most of the 'block' mentality is a after effect of realising that there is not much volume per orderline to cope with large trades. rather than the cause of lack of volume being people doing trades in blocks.

i remember the bitcoin days of seeing people block trading in 1000btc (~$6,000) but now its diminished down to under $100 and in many times under $30 and even those small amounts still cause the price to move.

3272  Bitcoin / Bitcoin Discussion / Re: BitCoin Thinly Traded due to lack of Custody Services, liquidity from fake news on: June 17, 2017, 10:31:30 AM
to the op
generally you are on point.

for those wanting to trade in and out of fiat, the exchanges are the main route where people need to deposit funds into custodian services. but the liquidity and volatility is less related to AML/KYC headaches, but more so the trust of these custodians.

with the 'we been hacked' excuses to just disappear with peoples funds, many people simply do not trust custodian services. so do not deposit very much with them, nor keep much locked with them for long.

this then creates issues with people who only want to trade a few hundred dollars vs those with hundreds of thousands.. it ends up with many orderlines with 0.xx btc and then a wall(resistance) of multiple bitcoins. this then leads to the large orders getting split up or sold over many orderlines just to fill orders in any appropriate timescale. due again to people not trusting the custodians long term.

above explains the thinly traded
below explains volatility

exchanges orderlines are at $1 increments. so say an orderline has 0.011btc  filling that order costs less than $30 but would move the price of bitcoin from $2xx0 to $2xx1. so it ends up if there are lets say 10 order lines of 0.011btc, its easy to move the value of bitcoin from $2xx0 to $2x10 or even downwards at a trad cost of under $300

if exchanges atleast done orderlines measured in cents increments per orderline. then the prices would not be so volatile.
EG
$2xxx.01 - 0.011btc
$2xxx.02 - 0.011btc

instead of
$2xx1 - 0.011btc
$2xx2 - 0.011btc
some may argue 'but the flip side would be when demand rises it takes more effort for a price rise.' but the same can besaid for the opposite. whn demand depletes it takes more effort to drop the price
3273  Bitcoin / Bitcoin Discussion / Re: Proposal Support on: June 16, 2017, 06:59:54 PM
franky1         WeakWeakWeakWeakWeakWeakWeakWeak

Code:
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[td][glow=cyan,2,100]Weak[/glow][/td]
[td][glow=cyan,2,100]Weak[/glow][/td]
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they are all missing things.
segwit148149 segwit2x  are all 2merkle which is cludgy code, also doesnt limit txsigops of legacy tx's very well or uses cludgy maths to do it

the dynamic bips have issues too
like 106 for instance has crap bip of going down as well as up, which can cause blocks made before going down (thus being more then new limit) potentially getting orphaned out.. there should be no need to drop a consensus limit as that causes issues for the chain.. pools can simply do a policy blocksize drop instead

segwit+size increases still rely on developer spoon feeding/promises after X. which is still empty promises/delays


its as if devs want to promote the worse versions there are, as ways to keep the dev's in control/ or to make the devs remain relevant by always having issues for the devs to be needed to then fix later

any bip that actually gives nodes full control to not rely on dev endless requirement ends up being tossed aside


concepts i prefer
dynamics - takes the dv spoonfeeding/2year debate out of the way because NODES control size (yep i said nodes not pools)
but with other things aswell such as
1 merkle block where all keypairs sit side by side in same area

all the stuff people want new keypairs, weak/thin blocks

nodes request a UTXO set first to run in lite mode while it syncs so that people can see unspents and make tx's meaning they are not waiting a week before even being able to do anything

other things like
proper limiting sigops and bloat per tx

add a new fee priority mechanism that penalises people that spend more then once a day and reward those that dont, (yep there are ways to do it)
3274  Bitcoin / Bitcoin Discussion / Re: Bitmain announces plan to create altcoin if BIP148 succeeds on: June 16, 2017, 04:10:26 PM
there are issues with all the bips dooMAD highlighted and coloured..

EG the 106 bip..
there is no need for a consensus rule to go down..

think of blocksize like a hard drive or ram..
even if you have X size.. the actual blocks created do not need to be x size.
nor do you need to downgrade your ram or hard drive if you dont fill the space

for instance lets say you had a 5 terrabyte hard drive.., if in 2 years you only fill 500gb of it, doesnt mean you have to downgrade your hard drive.
you keep the upper limit as is and just not use the spare space.


Eg if a dynamic blocksize went up to 4mb.. pools can just make low demand 1mb blocks after while keeping the 4mb limit..
dropping the limit can cause technical issues like. if a consensus rule drops to 1.5mb .. then any block created over 1.5mb previously when the limit was 4mb could end up getting orphaned and literally ripping out months of historic blocks.

another way to think about it.
imagine it was a 1mb (todays situation but with dynamics). and suddenly pools done empty blocks to make the 1mb rule drop to 0.25mb... suddenly all blocks after 2011 get orphaned due to those blocks being over 0.25mb

much simpler to leave the rule at whatever dynamic size it went UPTO and just let pools make blocks at whatever size below that limit
atleast from a technical point blocks wont get orphaned
3275  Bitcoin / Bitcoin Discussion / Re: Bitmain announces plan to create altcoin if BIP148 succeeds on: June 16, 2017, 02:34:28 PM
He's made it well known he supports BU.

many said in 2014 i supported xt, then it was classic, then it was something else now its BU..

short story, just because i despise the BS cartel does not mean there is only one other option..

things like dynamics are not a patent or product of BU.. many different implementations have and can use dynamics.
once you stop reading reddit and start doing proper research you will start to see the bigger picture

if the only options you can see is people belonging to brands... you have failed to understand the purpose of what bitcoin was invented for.
if the only options you can see is people belonging to brands... then you might aswell go play with paypal

anyway to rein the topic back....
what is the big deal if jihan does make an alt..
isnt that exactly what the bscartel sheep have been screaming for in the first place.. for anything not bscartel to "f**k off"
3276  Bitcoin / Bitcoin Discussion / Re: Bitmain announces plan to create altcoin if BIP148 succeeds on: June 16, 2017, 12:54:14 PM
seems you think there is only option BScoin or option jihan coin

It's time to choose, time to choose

i see it as just temporary drama of finger pointing.

best option i can see

Bscartel and their sheep jump over to litecoin and stop pulling the bitcoin puppet strings and take all their drama with them to litecoin.org

and then those that want proper bitcoin as it was intended where no one has control, where consensus is the mechanism of upgrades and growth can carry on as if it was pre 2014 again(pre corporate drama)
3277  Bitcoin / Bitcoin Discussion / Re: Bitmain announces plan to create altcoin if BIP148 succeeds on: June 16, 2017, 12:46:15 PM
So you support status quo? I thought you were a big blocker...

status quo?

damn you really have been hypnotised
seems you think there is only option BScoin or option jihan coin.

i think its time you put reddit on your blocked site list, for your own mental health sake
3278  Bitcoin / Bitcoin Discussion / Re: Bitmain announces plan to create altcoin if BIP148 succeeds on: June 16, 2017, 12:38:45 PM
@franky1

Even if the blockstream conspiracy was true I still don't understand how you would prefer a Jihancoin?

funny part is i dont..

jihan coin is an altcoin..

even jihan admits he is crating an altcoin..

im for sticking with a real decentralise distributed no control bitcoin..

not BScoin
not jihancoin

anyway, jihancoin is the exact thing the BScartel have been crying, begging and demanding anything not bscartel to do ('f**k off')
but i do laugh where people now panic and worry and blame the non bscartel for going in a different direction even after the bscartel sheep begged for it for years..


even funnier part is that people are stupid enough to think is BScartels way or another brands way...
stupid fools forget that bitcoin is meant to work without brands owning controlling bitcoin.

stupid fools think because i hate brand BS must mean i want brand _

which is where they fail every year to pidgeon hole me into any group they can use to distract the real centralisation

in short i do not belong to any corp.. but some small minded people cannot conceive such a notion that bitcoin can survive without corporate puppeteers
3279  Bitcoin / Bitcoin Discussion / Re: Bitmain announces plan to create altcoin if BIP148 succeeds on: June 16, 2017, 12:17:31 PM
blah blah blah...blockstream.... blah, blah, blah....blockstream...
you are very boring dude. You must find something different.

seems you want to keep your head in the sand and ignore it even when dcg admit they have ownership of the exchanges.

P.S you will never be a firefighter if you check for fire by sticking your head in the sand. all you will do is get your ass burned

go read any article on coindesk talking about exchanges and you will see it
Quote
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Coinbase.
Quote
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Xapo.
Quote
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BTCC.
Quote
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Circle.
Quote
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Paxos.
Quote
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.
Quote
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BitOasis, Coinbase, Korbit, ShapeShift and Zcash.

here is the kicker
Quote
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which helped organize the SegWit2x proposal. DCG also has an ownership stake in Abra, Blockstream and Bloq.
http://www.coindesk.com/bip-148-segwit2x-bitcoin-scaling-compromise-might-not-easy/
3280  Bitcoin / Bitcoin Discussion / Re: Bitmain announces plan to create altcoin if BIP148 succeeds on: June 16, 2017, 12:13:20 PM
What if the late game boss isn't Jihan or Roger? What if they are only puppets? What if we are fighting against a central bank? And what if this bank is located in China?

http://www.zerohedge.com/news/2017-06-15/peoples-bank-china-manipulating-bitcoin-price

lol typical misdirecting...

guess who puppet masters the exchanges
btc china's exchange
coinbase
itbit
korbit
kraken

answer:
DCG.co/portfolio
(bscartel)
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