Just because your BF accepts Monopoly money BTC for blowjobs doesn't mean Monopoly money BTC has value.
i can go on and on......
FTFY Do go on  According to multiple exchanges Bitcoin has value. I hate to call names but you're either a troll or have the IQ of a gnat. According to multiple exchanges, bitcoin has value. To the people *buying* it. Just like my PIN has value to my GF. Just like Beanie Babies have value to Beanie Finance enthusiasts. Get it? Exchanges don't buy your coins, they simply let you sell them to other, more gullible lunatics. Just like eBay doesn't buy Beanies, it lets you sell them to other lunatics who think they're worth it. That's how value is established -- free market. When you sold a Beanie, and USD shows up in your PayPal, you haven't revolutionized the payment industry by transacting with Beanies. Capiche? |
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^^The Personal Identification Number for the bank card, which is in my wallet, which, in turn, is in her basket. And *of course* fiat isn't backed by anything other than the issuer's word. By definition.I know it's an amazing revelation to you, but most people learn this in grade school. |
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Just because your BF accepts Monopoly money BTC for blowjobs doesn't mean Monopoly money BTC has value.
i can go on and on......
FTFY Do go on |
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Where will your GF spend the PIN?
Try to actually think before posting. You call people names because you know your "argument" is weak. Just because you and your BF play silly value games doesn't mean they have actual value.
Thanks for playing!
She will spend the PIN at an ATM machine, exchange it for USD, and buy goods and services with those. Just like a typical Bitcoin-accepting merchant relies on a payment processor like BitPay, to turn your BTC into USD, so they could buy goods and services with those. |
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@mirana12345
>Bitcoin can transact value from one point to another better than any fiat ever created.
No. Bitcoin can not "transact value from one point to another." It can send digital strings, which are anything but value.
Bitcoin does transact value, it can also be used to store value, as well as many other things. Saying anything but is nothing other than ignorance, or intentional lying. So what is it in your case ? A binary string can also be used to store and transmit value. Banks do it all the time, that's how fiat money moves around. Surprised? I can also send my PIN code to my GF as an ASCII string, and she can take money out of a cash machine. This doesn't mean that ASCII strings send value -- merely send information. Parties on both ends need to agree on what that info means. Do you understand better now? I better call all the stores and service owners where i purchased with bitcoin then , and tell them that i have transacted them no value at all. My god man, you are really ignorant. You are staring facts in face, but still yappin' around like a cave man. So I guess texting my PIN to my GF also transfers value, only faster & easier Start reading and stop being retarded, my good man. Who accepts a PIN for goods and services? And you're calling people names?.?. >Who accepts a PIN for goods and services? My GF does. Why else would I send her my PIN? Try to read more carefully. >And you're calling people names?.?. I respond in kind. |
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Not only do you not understand Bitcoin, but you seem generally confused. >there will be no two competing chains ever. Wrong. >only one there can be at any given time Wrong. >one of the two is not bitcoin it's an alt "there will be *2* Bitcoins -- core, with ~25% of the hashpower (if that), and Classic." Yes, you can call one of them an alt. Which one is entirely up to you. >and wrong again for the sha256 and bitcoin, because bitcoin without merchants is useless, miners are beholden to bitcoin not to the algo Wrong. The core alt will be without merchants exchanges, the only merchants that matter. Unless the merchants exchangesare insane, and go with the core forklet (which could, and will, be attacked and re-forked with the massive hashpower of Classic) So now you know you clearly do not know how consensus work, the majority of the vote through the node will determine what the new chain will be the real bitcoin and what will be only an alt, no coins will be lost there were multiple hard fork, hard forking it's nothing new, learns about the history of bitcoin >the majority of the vote through the node will determine what the new chain will be That makes no sense. What are you trying to say? As far as history goes, chances are I sold you your first coin. Enjoy |
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I never claimed overwhelming support for Classic by businesses. I merely pointed out that they do not care.
Which means that my point still stands. One month is a small update window and a it is possible that a good number of businesses stay on the wrong chain for some time. Which point is that? That people will be left stranded because it takes a month to download what amounts to a software update? Either your connection is horribly slow, or I'm forced to assume you're just FUDding. Are you suggesting that they may change their minds? Different topic, but hey, possible :- Especially with folks like Luke Jr. threatening them with fresh PoW.
Until they are all running Classic, it is all just talk. They could change their mind anytime. Luke-Jr didn't threaten anyone, he just made a proposal. Anyone can make one. Of course it's just talk, that's what we're doing. If you feel that they're being disingenuous, why call them ignorant? Just call them liars. |
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You clearly don't understand what "backed" means, let me educate you:
[Backed currency is a form of money] whose value has a direct correspondence with the value of a commodity (such as gold), whether or not it is redeemable in that commodity on demand.
that was the old definition, you still live under a rock, no money is backed by gold anymore, money can be easily backed by other factor, such as the usage, the more it is used the more value it acquire everything that make the asset more valuable can be consider a form of backup That's the current definition of "backed currency". I didn't travel back in time to give you that link. And if you feel that everything contributes to an asset's backing, how is fiat toilet paper unbacked? It is "backed by the full faith and credit of the U.S. a government (or, as you would put it, Jackbooted Gubermint Thugs)." Bitcoin? Miners fork off to a better alt, and *POOF!* No moar backing  how can miners fork off to a better alt? this does not make any sense, because it mean that other miners are still mining bitcoin i think you're not understanding how consensus work, there is no two bitcoin possible, always one, any other is just an alt The good news is that it is highly unlikely for miners to go to a different alt because most of them are shit anyways. Bitcoin and Litecoin are primarily the only cryptos with value, and so a new coin would have to be able to sway people over and show it has value.
also miners of bitcoin are mining with asic that mine sha256, it's beyond me how he can think that they can switch to any other ago, when it is known that asic are specialized... utterly no-sense Do you understand Bitcoin at all? Do you understand what a hard fork (the one likely coming up) is? Do you understand that there will be *2* competing chains? As in incited of one Bitcoin, 2 Bitcoins, *both* running SHA256 miners, now *competing*. P.S. You do know that SHA256 != Bitcoin, right? The miners & their gear are beholden to SHA256, not Bitcoin. no that is your issue, there will be no two competing chains ever, the consensus mechanincs work in the way that only one there can be at any given time there will be not two parallel chain running together on which on both you can hold bitcoin, one of the two is not bitcoin it's an alt, like you have many of them in the altsection and wrong again for the sha256 and bitcoin, because bitcoin without merchants is useless, miners are beholden to bitcoin not to the algo Not only do you not understand Bitcoin, but you seem generally confused. >there will be no two competing chains ever. Wrong. >only one there can be at any given time Wrong. >one of the two is not bitcoin it's an alt "there will be *2* Bitcoins -- core, with ~25% of the hashpower (if that), and Classic." Yes, you can call one of them an alt. Which one is entirely up to you. >and wrong again for the sha256 and bitcoin, because bitcoin without merchants is useless, miners are beholden to bitcoin not to the algo Wrong. The core alt will be without merchants exchanges, the only merchants that matter. Unless the merchants exchangesare insane, and go with the core forklet (which could, and will, be attacked and re-forked with the massive hashpower of Classic) So now you know |
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Adapt or perish. That's the way life works. Ask Charles Darwin.
Classic is not the next step, it is a power grab. You are the one making an assertion, the onus is on you to back it with some evidence.
Evidence of absence. You don't have a list that proves the overwhelming support for Classic, thus it does not exist. I never claimed overwhelming support for Classic by businesses. I merely pointed out that they do not care. here, I'll post it again: People make themselves heard only if and when they care about an issue. When they don't care what happens, they don't say anything -- which is what's happening now. Miners care -- they voiced their opinion. Merchants/exchanges don't care, so no need to compile lists "of every merchant."
Had their multi-million-dollar businesses been threatened by the potentiality of a fork, I'm certain they would have made their concerns known.
Miners care -- they voiced their opinion. Merchants/exchanges don't care, so no need to compile lists "of every merchant."
Similarly to when some said they'd back XT until they didn't? Are you suggesting that they may change their minds? Different topic, but hey, possible :- Especially with folks like Luke Jr. threatening them with fresh PoW.  |
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Can you back this up with a list of merchants/exchanges who will not go with Classic? (links plz)
Do you have a list of every merchant (there are thousands) that will update to Classic in a 30 day time frame? You don't. I can't create that list either. Until someone states that they are willing to switch, it is reasonable to assume that they won't (or won't in time). You are the one making an assertion, the onus is on you to back it with some evidence. Had I said "all merchants and users support Classic," asking me for a list would have been justified. I'll assume you have no evidence to back your claim, and are just FUDding. People make themselves heard only if and when they care about an issue. When they don't care what happens, they don't say anything -- which is what's happening now. Miners care -- they voiced their opinion. Merchants/exchanges don't care, so no need to compile lists "of every merchant." Had their multi-million-dollar businesses been threatened by the potentiality of a fork, I'm certain they would have made their concerns known. |
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XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.
You seem scared. Wrong. Think again. What will you do when the hard fork happens? He'll stick to the core forklet, and won't be able to spend his BTC anywhere. Which is all well and good: BTC is not for spending, it's for hodling. |
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By supporting Classic, they are supporting Classic. You feel that "they are ignorant at best," tho please don't think me rude if I discount your opinion. They've got millions invested and possibly do have a clue. Conversely, if they do not, we're pretty much forked anyhow.
You are not rude, but you are wrong. They are not ignorant for supporting Classic, they are ignorant because of their lack of knowledge in regards to a hard fork. My opinion is valid, because it is fact that people/services/merchants that do not update will be cut off from the network. One month is a small window to upgrade. If the mining industry is ignorant of what a hard fork implies, I'd say we're forked, no? I mean, with a year's worth of scaling conferences, no one was able to educate them? Or? Anyone wishing to switch to Classic can do so as simply as upgrading to the next version of Core. Easy peasy. |
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...
The miners can pull off the hard fork pretty quickly if they want to abandon most merchants, services and users. ... Can you back this up with a list of merchants/exchanges who will not go with Classic? (links plz) |
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The mining industry is ignorant? Horrifying, considering they secure our coins  As in "without them, the coin you hold would be worth, roughly, 3 toenail clippings." Not exactly wrong nor right. If they really think that this can/should be done in 1 month then they are ignorant at best. A hard fork should be scheduled at least 6 months from now. Everyone needs time to upgrade and anyone who does not will be cut off. If they do it within 1 month you can be sure that a lot of people and services will be cut off and chaos will strike. By supporting Classic, they are supporting Classic. You feel that "they are ignorant at best," tho please don't think me rude if I discount your opinion. They've got millions invested and possibly do have a clue. Conversely, if they do not, we're pretty much forked anyhow. Classic release is expected next week https://www.reddit.com/r/btc/comments/41qdrt/bitcoin_classic_update_email_for_subscribers_tldr/ |
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You clearly don't understand what "backed" means, let me educate you:
[Backed currency is a form of money] whose value has a direct correspondence with the value of a commodity (such as gold), whether or not it is redeemable in that commodity on demand.
that was the old definition, you still live under a rock, no money is backed by gold anymore, money can be easily backed by other factor, such as the usage, the more it is used the more value it acquire everything that make the asset more valuable can be consider a form of backup That's the current definition of "backed currency". I didn't travel back in time to give you that link. And if you feel that everything contributes to an asset's backing, how is fiat toilet paper unbacked? It is "backed by the full faith and credit of the U.S. a government (or, as you would put it, Jackbooted Gubermint Thugs)." Bitcoin? Miners fork off to a better alt, and *POOF!* No moar backing how can miners fork off to a better alt? this does not make any sense, because it mean that other miners are still mining bitcoin i think you're not understanding how consensus work, there is no two bitcoin possible, always one, any other is just an alt The good news is that it is highly unlikely for miners to go to a different alt because most of them are shit anyways. Bitcoin and Litecoin are primarily the only cryptos with value, and so a new coin would have to be able to sway people over and show it has value.
also miners of bitcoin are mining with asic that mine sha256, it's beyond me how he can think that they can switch to any other ago, when it is known that asic are specialized... utterly no-sense Do you understand Bitcoin at all? Do you understand what a hard fork (the one likely coming up) is? Do you understand that there will be *2* competing chains? As in incited of one Bitcoin, there will be *2* Bitcoins -- core, with ~25% of the hashpower (if that), and Classic. 2 Bitcoins, *both* running SHA256 miners, now *competing*. P.S. You do know that SHA256 != Bitcoin, right? The miners & their gear are beholden to SHA256, not Bitcoin. |
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I'm pretty sure the Blockstream team could come to a consensus amongst themselves
on how to scale Bitcoin.
They just don't agree with the rest of the community (Gavin, coinbase, bitfury, etc)
It's easy to say "there's no consensus" when you're the one who's preventing it.
If you think that there is going to be democracy with Toomin, then think again. You have no idea what you're supporting. There is no consensus right now and Core is not preventing it. They are ignorant at best. The mining industry is ignorant? Horrifying, considering they secure our coins As in "without them, the coin you hold would be worth, roughly, 3 toenail clippings." |
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You clearly don't understand what "backed" means, let me educate you:
[Backed currency is a form of money] whose value has a direct correspondence with the value of a commodity (such as gold), whether or not it is redeemable in that commodity on demand.
that was the old definition, you still live under a rock, no money is backed by gold anymore, money can be easily backed by other factor, such as the usage, the more it is used the more value it acquire everything that make the asset more valuable can be consider a form of backup That's the current definition of "backed currency". I didn't travel back in time to give you that link. And if you feel that everything contributes to an asset's backing, how is fiat toilet paper unbacked? It is "backed by the full faith and credit of the U.S. a government (or, as you would put it, Jackbooted Gubermint Thugs)." Bitcoin? Miners fork off to a better alt, and *POOF!* No moar backing The good news is that it is highly unlikely for miners to go to a different alt because most of them are shit anyways. Bitcoin and Litecoin are primarily the only cryptos with value, and so a new coin would have to be able to sway people over and show it has value. With teh hard, lubeless forkening looming, we'll effectively split Bitcoin in two (many small-blockers claim they'll remain on the shorter chain because edgy ideology and Marlon Brando in The Wild One. Also threaten to undermine Classic). So warring factions, spamming nodes, double-spends, lynch-mobs, death squads, babies being born without brains... People will flee Bitcoin to *any* alt, like they flee a war-torn city |
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@mirana12345
>Bitcoin can transact value from one point to another better than any fiat ever created.
No. Bitcoin can not "transact value from one point to another." It can send digital strings, which are anything but value.
Bitcoin does transact value, it can also be used to store value, as well as many other things. Saying anything but is nothing other than ignorance, or intentional lying. So what is it in your case ? A binary string can also be used to store and transmit value. Banks do it all the time, that's how fiat money moves around. Surprised? I can also send my PIN code to my GF as an ASCII string, and she can take money out of a cash machine. This doesn't mean that ASCII strings send value -- merely send information. Parties on both ends need to agree on what that info means. Do you understand better now? I better call all the stores and service owners where i purchased with bitcoin then , and tell them that i have transacted them no value at all. My god man, you are really ignorant. You are staring facts in face, but still yappin' around like a cave man. So I guess texting my PIN to my GF also transfers value, only faster & easier Start reading and stop being retarded, my good man. |
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You clearly don't understand what "backed" means, let me educate you:
[Backed currency is a form of money] whose value has a direct correspondence with the value of a commodity (such as gold), whether or not it is redeemable in that commodity on demand.
that was the old definition, you still live under a rock, no money is backed by gold anymore, money can be easily backed by other factor, such as the usage, the more it is used the more value it acquire everything that make the asset more valuable can be consider a form of backup That's the current definition of "backed currency". I didn't travel back in time to give you that link. And if you feel that everything contributes to an asset's backing, how is fiat toilet paper unbacked? It is "backed by the full faith and credit of the U.S. a government (or, as you would put it, Jackbooted Gubermint Thugs)." Bitcoin? Miners fork off to a better alt, and *POOF!* No moar backing |
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