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3361  Bitcoin / Bitcoin Discussion / Re: Adam Back of Blockstream thinks you should pay $100 fees on: June 08, 2017, 07:15:36 PM
they now know people are willing to pay $2..

so if they push onchain upto $100 they can then let their LN hubs offer $1 a 'payment' to help repay their $75mill debt faster..

while still proclaiming LN is 100x cheaper than onchain..

its tooo obvious
barry and alan silbert are getting very itchy feet and wanting to start getting returns on their investments in the BS cartel
3362  Bitcoin / Bitcoin Discussion / Re: Please, Stop Calling Bitcoin "Digital Gold" on: June 08, 2017, 04:02:59 PM
here is the reasons not to call bitcoin "digital gold"

1. golds value is not stable/ holding value, simply because it hold value..... it hold value because it has utility.
2. golds utility is not the same as bitcoins utility.

3. by calling bitcoin digital gold... next make stupid people think bitcoin is a commodity because gold is a commodity.
4. gold sits in many categories. asset and commodity. a commodity is a raw material of measurable stable quality used to create other products
    bitcoin is not a raw material. bitcoin is not used to make other products. bitcoin will not sit on the same market as wheat, oil and gold

5. gold as an asset still has utility, a purpose, a function... its the utility, purpose function that give value.
    take away its utility, purpose, function.. it will not hold value..

put it this way.
if there was a metal eating bacteria. that could turn gold into rust.. (making it useless in industry).. would golds price increase due to supply depleting (scarcity) or price drop due to no one wanting to buy something that will turn to rust in 6 months.

and this guy below suffers from number 3.

I don't see it as gold but it's very close to a commodity in the way we use it (the majority of us, who are holding) at least, Even though it is money in a way and can be used as a currency but the majority hold it as an investment.

....
asset currency young grass-hopper.. not commodity

take away bitcoins utility and bitcoin becomes digital rust
3363  Bitcoin / Bitcoin Discussion / Re: Bitcoin is still faster than Paypal. on: June 08, 2017, 02:32:46 PM
lol

comparing paypals exit terms to bitcoins internal use is silly.

i can send funds to someone else IN paypal in seconds.
i can send funds to someone else IN bitcoin in 10mins-3days.

i can request a fiat withdrawal from paypal to bank. 3-5 business days
i can request a fiat withdrawal from bitcoin to bank. 3-5 business days

if you are going to do a fair comparison... then make sure the comparison is accurate
Eg dont use internal use vs external use
3364  Bitcoin / Bitcoin Discussion / Re: Dear Bitcointalk Community, please change your perspective about Bitcoin! on: June 08, 2017, 12:59:15 PM
Oh damn, I think you watch too much punish porn, maybe while in the sky as it seems you are traveling very much often, be rich and have no concern right?

Could you clarify, how could devs force miners and nodes to do anything, I mean how exactly?
Why BU changed their proposal name to EC?
Who is manipulating the minds of the community now? did you think changing BU to EC will legitimize the proposal and effects people's mindset since BU was infamous among people?

devs removed the fee priority formulae
devs changed to a tx relay min cost and estimated fee mechanisms that if you had a damn spread sheet you could run scenarios that show fee's rise even while there is low demand.
so even if pool's had a block that accepted under X.. the fee estimates and other mechanisms still push the fee's up.. not down
this was all stuff added that didnt need full consensus to achieve. which is why people are so angry. the fee rules have changed and people had no choice/chance to veto. nor did they even realise it was happening until it was too late.

we need to stop allowing dev's to just do crap that can be slid in without consensus

as for the BU stuff

even before BU many people wanted bigger blocks, dynamic blocks etc. but it was BU that really hit the headlines and got all the conversations flowing.

EC and dynamic proposals existed before during and continually... but its only now people are realising that the EC(dynamics) is much bigger debate than just brand shaming BU.

however from what i can see. BU is still BU..
from what i can see BU is using a buzzword ABC (adjustable blocksize cap) which is along the same lines as EC.. but EC(dynamics) is not a BU product. dynamics is a concept that MANY brands/implementations can offer

 but atleast people are starting to see the concept of onchain scale growth using EC(dynamics), is much bigger than a single 'brand'
3365  Bitcoin / Bitcoin Discussion / Re: Dear Bitcointalk Community, please change your perspective about Bitcoin! on: June 08, 2017, 11:48:01 AM
And that is not true. Come to Africa and we will convince you to use bitcoin. I am an African, precisely Nigeria and I know the rate at which bitcoin is going viral down here. Everyday, people ask questions about bitcoin and I have never seen a week that I haven't discussed bitcoin anywhere I find myself. Wanna check out the payment systems exchanging bitcoin to my currency everyday? You have no idea. I don't know why you must have mentioned that but that notion is totally wrong.


are you inner city talking to the rich..
or actually talking to normal people.

people 'discussing/asking about bitcoin' is different than people USING bitcoin

how many have actually used bitcoin (without hoarding in exchanges) to notice the tx fee to move funds is more than some people weeks wage.

i have spoken to many people in many countries.. they love the premiss of bitcoin, its original ethos and ideology, but when it comes to actually using it. they start to notice the flaws. the only people that then continue to want bitcoin are those too afraid to cash out or too greedy to cash out due to hopes of 'becoming rich' in the future.

bitcoin has lost all its ideology as a currency and 3rd world/developing countries are usually first to point out this fact once they get passed the sales pitch and start using it. finding its not a 'daily life' currency like Mpesa. but instead a retirement plan

it seems even you yourself recognise the issues
Bitcoin is gradually becoming non-affordable for lower class for transaction purposes unless they just want to buy very little and keep as an investment. Moreover, the very little one can buy from most exchange sites, is still a bit on the high side. Also, transaction fees are increasing by the day, which is quite appalling. Best way to just get bitcoin now for lower masses is just to partake in stuffs that makes them earn bitcoin if they are well informed enough. So back to his question! In a way it is available to all levels of society and in a way it isn't.

3366  Bitcoin / Bitcoin Discussion / Re: Dear Bitcointalk Community, please change your perspective about Bitcoin! on: June 08, 2017, 10:07:02 AM
I agree with your basic premise, but there is also the idea that we are not going to tell each other what to do with our money. That is the hard part about freedom. Freedom is not when you get to do what you want. It is when you are willing to allow others to do what you don't want them to do.

rodeox its not about telling people what they can do or not do with their money... its about waking people up to the fact that while some people are only looking at the price.. devs are screwing with the code and reducing what people can do with their money.

im sure you will see this when you visit africa and realise that trying to convince africans to use bitcoin is alot harder than trying to convince the icelandics
3367  Bitcoin / Bitcoin Discussion / Re: Please, Stop Calling Bitcoin "Digital Gold" on: June 08, 2017, 08:23:18 AM
i feel that the whole bitcoin gold metaphor got lost in a game of 'whispers'..

EG
one guy says to another
bitcoins asset value is kind of like golds asset value because it has utility and scarcity which gives it a public desire value. different utility ofcourse
one guy says to another
bitcoins asset value is kind of like golds asset value because it has utility and scarcity which gives it a public desire value
one guy says to another
bitcoins asset value is like golds asset value because it has utility and scarcity which gives it a public desire value
one guy says to another
bitcoins value is like golds value because it has utility and scarcity which gives it a public desire value
one guy says to another
bitcoins is like gold because it has utility and scarcity which gives it a public desire value
one guy says to another
bitcoins is gold because it has utility and scarcity which gives it a public desire value
one guy says to another
bitcoins is gold because it has scarcity which gives it a public desire value
one guy says to another
bitcoins is gold because it has scarcity which gives it value
one guy says to another
bitcoins is gold because it has value
3368  Bitcoin / Bitcoin Discussion / Re: Please, Stop Calling Bitcoin "Digital Gold" on: June 08, 2017, 12:05:15 AM
here is the reasons not to call bitcoin "digital gold"

1. golds value is not stable/ holding value, simply because it hold value..... it hold value because it has utility.
2. golds utility is not the same as bitcoins utility.

3. by calling bitcoin digital gold... next make stupid people think bitcoin is a commodity because gold is a commodity.
4. gold sits in many categories. asset and commodity. a commodity is a raw material of measurable stable quality used to create other products
    bitcoin is not a raw material. bitcoin is not used to make other products. bitcoin will not sit on the same market as wheat, oil and gold

5. gold as an asset still has utility, a purpose, a function... its the utility, purpose function that give value.
    take away its utility, purpose, function.. it will not hold value..


put it this way.
if there was a metal eating bacteria. that could turn gold into rust.. (making it useless in industry).. would golds price increase due to supply depleting (scarcity) or price drop due to no one wanting to buy something that will turn to rust in 6 months.

without utility scarcity is meaningless.
pretending bitcoin will hold value even if utility is lost is just foolish people trying to fool other people.

we should be fighting to keep bitcoins utility growing.. not fighting to let bitcoins utility die and then try fooling people into pretending it will hold value.. thats just greedy people not wanting to protect what gives bitcoin real value(utility) and only want to fool people long enough so they themselves can get greedy profits before running off.

whats next selling ice to Eskimo's at a premium by calling ice gold3.0 due to climate change making ice more scarce?

TL:DR;
instead of wasting months trying to slap fools into thinking that bitcoin only needs scarcity.. how about get off your asses and try slapping a few devs around until they make bitcoin better with PROPER dynamic onchain scaling.. and stop removing bitcoin utility and trying to sell people commercialising services of the future.. like what LN managed hubs and managed sidechains will turn out to be.
3369  Bitcoin / Bitcoin Discussion / Re: Please, Stop Calling Bitcoin "Digital Gold" on: June 07, 2017, 11:01:48 PM
lol

store of value 'coz' store of value
(facepalm) such an empty argument

gold is not a store of value because its a store of value.
gold is a store of value because it has utility to uphold the value.

take away gold utility for being a good material for industry and fashion.. and all you have left is a chunk of metal
chunk of metal vs chunk of metal. ask yourself why is gold better than platinum

take away bitcoins utility for being a good network for transactions.. and all you have left is a chunk of data

fiat is a store of value because it has laws that make it have utility of value of being a $10 bank note is worth 1 hour 20 minutes minimum wage
take away the fiat laws of utility and all you have left is a chunk of paper

just screaming "store of value" is meaningless without showing knowing WHY where and how that value came to be and what upholds that value
3370  Bitcoin / Bitcoin Discussion / Re: Please, Stop Calling Bitcoin "Digital Gold" on: June 07, 2017, 10:20:41 PM
but has many of the same attributes and thus gets referred to as digital gold.  Sheesh.

name them!!

but name them with the real understanding of where those attributes come from and have value

remember. scarcity of something useless has no meaning... scarcity of something useful has meaning
3371  Bitcoin / Bitcoin Discussion / Re: bitcoin is broken on: June 07, 2017, 08:25:06 PM
This is what I noticed though lately. It has become a a place where a particular group of people choose to enjoy themselves (rich) and the average joe to suffer because of the transaction fee's. It is still borderless but it came to be very difficult now to used. We can't blame ordinary people looking for other choices for a fast and cheap transaction fee.

put it this way i have a good hoard of coins.. but even i can see that bitcoin has changed by the BScartel since 2014. i sympathise with 3rd world countries where their real world wage for a WEEK is less than a single bitcoin tx fee.

yet as rodeoX points out. its down to greed.
the greedy are narrow minded and dont care for others, nor are they sympathetic, empathetic. the greedy cant even imagine a life outside of their littl bubble.

there actually are ways to solve issues. with a better fee priority mechanism. yet it seems the BScartel want to remove the fee controls and replace it with wall street human emotions of just pay more
3372  Bitcoin / Bitcoin Discussion / Re: Shower thought: bitcoin parliament on: June 07, 2017, 08:15:17 PM
YOUR node is your representative / ballot vote on which manifesto should move things forward.

we do not need humans representing the network. the nodes themselves represent the network.

the blockstream/DCG group want a 'parliament'
where core is the house of commons with barry silbert as the speaker of the commons 'house' and DCG is the house of lords and alan silbert is the monarchy reigning over it all..

..
but using the parliament analogy.
if the network was parliament. then the 7000 full nodes are the representatives..

not humans around a table signing documents and making announcements.. just nodes..
yes there are different 'houses'.  pool nodes and user nodes. but they symbiotically need to come to a consensus agreement of new rules (laws)..

the benefit of using node consensus is that we dont need to rely on a group of people who meet up only a few times a year to make decisions for us where we only get one decision every 4-8 years of who is speaking for us at these round tables.

we get to ballot vote every block, for the things we want. and new rules(laws) happen when the votes of nodes display a clear majority agreement.

we need to get rid of the blockstream/DCG trojan that wants to bypass consensus and throw bombs around
we need to go back to using the real consensus mechanism
3373  Bitcoin / Bitcoin Discussion / Re: bitcoin is broken on: June 07, 2017, 07:59:18 PM
if bitcoin is not broken, then why are people screaming for LN
if bitcoin is not broken why are people naively and stupidly thinking the empty gesture of segwit will 'fix' things.

bitcoin was not broken when the buffer limit of a block was way above the data requirement of 2009-2015
but allowing the buffer to grow further was halted.

segwit doesnt 'fix' bitcoin. it still only offers the hope of the same 7tx/s. and thats only if everyone uses new keypairs
then the expectation is of moving people off network into new networks via LN, drivechain, expanded blocks, etc which have different nodes and communicate on different ports of a different network.

which are not a bitcoin fix, but more like making bitcoin derelict and relocating people to new area's.

.
bitcoin meant to be a borderless area for anyone. its turning into a real estate game of bitcoin real estate block for only the super rich and average joe forced into the poorly designed 'projects' area (separate block of apartments for the poor)
3374  Bitcoin / Bitcoin Discussion / Re: [SHOCK] Core dev and Blockstream employee tells bitcoin users to use fiat! on: June 07, 2017, 12:54:47 PM
lol all i see is PoS defenders arguing about VALUE accrued over the year depending on stake..
facepalm

my premiss was SECURITY of the immutable data, NOT value income from who forges blocks.
i think people are missing the point.

having 1 address of 10,000 coins.. does not make the edcsa of that address any stronger than
an address of only 10 coins or only 0.001 coins.. the SECURITY is the exact friggen same.

PoS is not more secure than PoW

PoS is more about wealth distribution. not security

but this has meandered off topic anyway.
3375  Bitcoin / Bitcoin Discussion / Re: Dear Bitcointalk Community, please change your perspective about Bitcoin! on: June 07, 2017, 10:47:50 AM
Satoshi was a visionary and genius but he wasn't a prophet, he couldn't possible know what bitcoin will became in the future.
Sometimes our creations evolve beyond our control and despite our initial plan. Reality will correct every plan.
Op, what do you ask of us? What can we do to preserve original Satoshi's vision? Give out our BTC to poor people?

lol
probably easier to slap devs with a wet fish if they mess with the fee controls.... oh wait they have
probably easier to slap devs with a wet fish if they use bad code and empty promises that still only offer false hope of 7tx/s to avoid real onchain scaling... oh wait they have.

so maybe instead of just letting devs screw with bitcoin, and pretend bitcoin can survive without utility. we should be slapping devs more often
3376  Bitcoin / Bitcoin Discussion / Re: [SHOCK] Core dev and Blockstream employee tells bitcoin users to use fiat! on: June 07, 2017, 10:02:45 AM
ive been around since 2012.

Still you claimed that one could spread their balance over 100,000 wallets and then stake 100,000 times that often.
This is not how it works. A PoS working like this would indeed be pretty stupid and would be exploited as soon as the coin implementing this launched.

You wont get selected more often, because the selection is not just random but random with a probability factor that's determined by your wallet's weight. 1000 coins get selected more often than 0.001 coins, at the end of the day it doesn't matter if the balance of 1000 coins you own sits in one wallet with just one address or fractions of it in 1000 wallets with 1000 addresses.

lol
seems your not reading your own words...
your revealing the flaw while trying to debunk the same flaw.. lol

say the stake is 0.001 minimum

i have 10,000 coins

i can spread my coins over 1000 addresses
meaning each address has 10coins.

now do you think my stakes will get chosen more often than a person with just 0.001
go on be honest. how often will i win compared to a person with only 0.001

think about it 1001 possible 'forgers' 1 with 0.001 at stake and 1000 with 10 coins at stake.
so it not only by having 10 coins vs 0.001 solves the 'weight' part.
but the 1000 also gives me 99,99% of the pie by owning 1000 of 1001 'randomness chance'

anyway we have meandered off topic to th nth degree.

we really need to slap any dev with a wet fish that refuses community input about how devs are halting utility and screwing up functionality, especially if their reply is not 'here is some code'.. but instead 'go back to fiat'
3377  Bitcoin / Bitcoin Discussion / Re: Please, Stop Calling Bitcoin "Digital Gold" on: June 07, 2017, 08:01:53 AM
"Digital gold' describes bitcoin better than "cash" because it's a lousy currency for multiple reasons.   It's far more volatile than gold but I think it's an apt metaphor.   Sorry that you don't like it.

They just call it digital gold because it has similar traits to gold in that there is a finite amount available, you "mine" it, and they are both good safe haven investments during a time of financial crisis. Idk why it bothers you so much. Seems to make sense to me.

I think you don't need to dig deeper why people call it a Digital Gold, As said in the first reply, it has a traits the same as Gold which is also as the best investment, and also the time it surpasses Gold's price, it is always compared to Gold, but the only difference is that Gold is tangible and Bitcoin is not.

People buy gold to safeguard against inflation and economic uncertainty. That is part of what bitcoin can serve as.

Are you really disappointed with the actual functionality of bitcoin in the beginning just for "A Peer-to-Peer Electronic Cash System"?If you are disappointed because of that, I think you guys are stupid, with bitcoin switching into 'digital gold' is very beneficial to many parties, and in my opinion it does not harm anyone,

^ these guys do not understand the reality at all

so lets give them a quick lesson

1. you do not mine bitcoin. bitcoins protocol solves a puzzle in exchange for units of measure being created, its not dug up from a pre existing underground store.

2. its called mining not due to actually being mining, but from fools who wanted to think of bitcoin as gold and so naming the fresh coinbase reward something that falsely makes people think its gold.. which then later makes more fools call it gold. purely because of the term mining.

3. gold, without 'cash' utility holds value because it still has other utility. industrial use and fashion for instance... take bitcoins 'cash' utility away and it has no utility left. meaning its value doesnt hold.

4. without utility, its just data. if you cant spend it, then trading it becomes impossible/useless. because to trade it, is spending it. so taking the spendability away its even worse then a bearer bond

5. if you think scarcity will save bitcoin, take a look at 42coin..

6. bitcoin needs to keep its spendability utility, otherwise its useless

7. people trying to preach bitcoin on this forum using utopian dreams are wasting their time, if your on this forum then those reading the preaches have already got some knowledge of bitcoin and dont need the fake utopian sales pitches.
what bitcoin needs is to stop devs from taking away bitcoins utility.

TL:DR;
bitcoin is not lik gold.
gold have other utility such as industrial/fashion. take away bitcoins 'cash' utility. bitcoin has nothing
scarcity is meaningless without utility.

eg. i go toilet once a day regular.. i could bag it up and over 100 years there will only be 36500 bags of crap. would you pay $2800 per bag of crap if it had no utility and all hope of value relies on scarcity??.. nope
3378  Bitcoin / Bitcoin Discussion / Re: Stop Calling It A Bubble. on: June 07, 2017, 12:46:04 AM
to the OP

bitcoin infrastructure:  meaning merchant adoption, business growth, user adoption is not a bubble

but if your only talking about the "market cap", then that is a bubble
the market cap is a empty wall with no substance holding it up.
there are not billions of dollar just sat in bank accounts to ensure the market cap value holds.

its like housing. even though the average house might value at say $280,000*.. this does not mean that a housing market of 16mill houses is worth
$4,48trill*.

the $4.48trill* market cap of housing is a housing bubble. because if everyone tried to sell their house for an average of $280,000* there is no real $$ to cover every purchase. if everyone tried to, the bubble would burst!!

so stop talking about 'market caps' as that's a meaningless bubble number.

if you care about real value. look for metrics like:
merchant adoption
user adoption
business utility
basically the real strengths of an economy, which all currently point to having bitcoin at the top and having good value and longevity.

again if talking about value do not mention 'market cap'

*number picked for demo purpose only, dont be anal and knit pick its inaccuracy
3379  Bitcoin / Bitcoin Discussion / Re: Are you For or Against "Government" Regulation of Bitcoin. on: June 06, 2017, 12:33:34 PM
when thinking up scenarios of "bitcoin regulation"

just replace the word bitcoin  for beer, and look back 100 years at the 'alcohol prohibition' era and everthing about beer after that.

EG needs licencing to offer beer even when finally 'legalised'.
home brewing is allowed but only for personal consumption. running a business requires licences
if an illegal act (car accident,etc) occurs, the licenced premises that transacted the bitcoin(beer) can become liable


and blah blah blah all the other things about
cutting people off if presumed they had too much
reporting them if you see them drive off (possible risk of causing an illegal act)
limiting who and how it can be sold to

so even though bitcoin as a currency is not in any jurisdiction of a government. just like beer is not limited to one government 'ownership'. governments could mess with peoples lives via prohibition and eventual licencing
3380  Bitcoin / Bitcoin Discussion / Re: Drivechain - scaling solution? on: June 06, 2017, 01:29:55 AM
Average Joe should be using SPV.    Even Gavin uses SPV. 

trying to make it sound like SPV is the future and everyone should SPV is just hiding the importance of full nodes.

average joe should use whatever the F they want. they should have the freedom to decide for themselves what level of involvement they want have

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