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So much bitterness and negativity in this thread.
You gentlemen just can't lose gracefully, can you? Just can't stand to see the other fellow win.
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< snip >
So you're up to $12.55 (15.08% today), big deal. ETH will never have a community like Bitcoin. And you'll never know the thrill of purchasing honey & honey-related products from Bees Brothers, With bitcoins. And you're gonna miss JayJuanGee like crazy. That'll hurt most of all. i'll start drinkingly heavily more often
Hope you're a damn good driver... |
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Canadians, how is it you're still alive? @Fatman: I just know Bomber Deer had a hand in this  |
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cheap network.
The most inefficient & expensive network ever. Costs close to 1 BTC to mine 1BTC (according to satoshi) Imagine if it cost $800 to issue $1000? Yeah, that's BTC. Also the dirtiest network 'cos mostly mined in China. China gets 77% of its electricity by burning coal. And barely any emission controls   fast confirmation.
Sometimes. Other times you got to wait 72 hrs & try again 3tps don't cover much transactin' no chargeback.
You do understand that chargeback's a *service*, nothing about fiat that makes irreversable tx impossible. It's just that humans don't steal from each other as much when they know they might get B& & V&. See migh brick argument in above post. |
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I think you don't understand what fiat is. PayPal is as much fiat as a credit card, only when you gas up with PayPal (not even gonna ask  ), you pay too much because fees. Also, don't know of any government that takes taxes in BTC. Yeah, you still owe those, regardless of you getting paid in BTC, Beanies, or vestal virgins. I realize you don't give a shit about being a freeloader, but not paying your taxes could also turn into a huge pain in the ass 4u. Initially from a jackboot, eventually from a celly named Bubba. Sans foreplay, sans kiss. lol point taken so let me "reword": ...connecting my beanies with fiat world... Actually my debit card does its jobs for it and i still need to use checks and/or wire transfers for some very legal affairs Integrating Paypal with BTC would really make my day! What would PayPal gain from using BTC? What would PayPal's users gain? the problem with debit card ... are the fees at the vendor.
you pay fee, too ... but the vendor pay more more more fees than you !
... Sure. The problem with BTC ... are the fees to the buyer. Not just tx fees, but the time you spend & fees you pay to exchanges when you buy BTC online, or the exorbitant premiums (and time, and embarrassment, and risk of getting robbed & raped) when buying it in person. And, last but not least, you get a gift-wrapped brick instead of the laptop you paid for? Nothing to be done, SFYL |
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I got a xapo debit card because i earn Bitcoins for living and it allows me to use my wallet instantly everywhere. It was a big revolution in my life because i am not under any bank bs anymore. The second factor for me is Paypal: i use it with all my international customers and yeah...i put gasoline in my car with Paypal too! < >
...whatcha think?
I think you don't understand what fiat is. PayPal is as much fiat as a credit card, only when you gas up with PayPal (not even gonna ask ), you pay too much because fees. Also, don't know of any government that takes taxes in BTC. Yeah, you still owe those, regardless of you getting paid in BTC, Beanies, or vestal virgins. I realize you don't give a shit about being a freeloader, but not paying your taxes could also turn into a huge pain in the ass 4u. Initially from a jackboot, eventually from a celly named Bubba. Sans foreplay, sans kiss. |
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^Throw them out into the cold. No coats. Confiscate their coats. P.S. The Bitcoin of transportation: Monowheel *with propeller*!  Be your own bank gerbilTM |
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I propose we do something constructive. We're a bunch of bright guys. Let's put our heads together for a change.
How about: Create a Septemdecimal number system, so's mankind could finally shake off the decimal yoke. Pretty great? Wait, there's more! And then we solve the centralization problem -- invent a p2p money that would be nearly impossible to counterfeit or use. Potential problem: Mankind is thrust into ginormous existential crisis, its two biggest problems solved & nothing left to do. |
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Have we clensed the world of sin? Is eVol expunged from our ranks yet ugaise?  Been craving to invest in a non-ponzi investor-based game, but understand some of them ain't entirely above-board. So if you gentlemen could drop me a PM once you've subdued the criminals, that'd be great. Can't wait til it's finally safe for me to go and do some serious investing. ty |
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... "We want the world and we want it now."
... Today your love, tomorrow the world. Patient bear is patient. |
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We're still bouncing around inside the triangle people. Calm your tits.
Nothing to worry about...  |
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-snip- We're not really disagreeing. If we were, it would only be because changing such an important parameter now (not like 1MB DoS limit) could potentially damage confidence in the supposed immutability of the coin distribution schedule. The psychological damage to the market could be worse than the potential "ease of planning" benefit brought by the smoothing... To your other points, both fees per and raw number of tx rising are likely necessary to replace the subsidy, and we are central planning one of those out of the equation, for now. Where is dev?  You're probably right, to me it just makes more sense to correct problems while in beta & not try to ignore them. But then I'm not the average goldbug/bitcoiner, so don't count. Could be something we're both overlooking though, might be good reasons for it being abrupt instead of gradual. I'm guessing there are. It's gonna take some pain to wake up these miners to the fact that they may be relying on their main competitor to plan their own future.
You know those Satoshi's Chosen Round Tables? The most important thing in any con is making the mark believe he's a coconspirator, in on the scam, not a mark at all (it's them other guys that are marks)  |
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Bitcoin isn't illegal in US, theymos is a US national & is running this forum from US soil. That's what counts, legally.
If that's the case, that US law is the criterion for what can and can't be discussed, then: 1) I'm going to shit a brick 2) Someone should add that to the official rules I'm not supporting ponzi's or supporting the people who support them. But I do think it's a fair point that the laws of any country are sorta arbitrary and as far as I can tell, it's the rules of the forum as established by the forum dictators which govern what's discussed here and what's not. I think the point that bitcoin itself is illegal in some places puts a fine point on that. 1. You're not going to shit a brick, because impossible. 2. Why would he add it to official rules, when 2a. there *are no official rules* on this forum 2b. Theymos is braking the rule himself, and getting paid for it And yeah, you have to obey the laws of the country you reside in. That's just the way things are  |
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...
Then why is poker advertised here? Same goes for the sportsbooks? That does not hold up if we are using American laws.
Theymos is a scofflaw, and laws are not always enforced. If you speed and don't get a ticket, don't assume that speeding became legal. AFAIK, he has always cooperated when called upon to do so, so it might be smarter for "them" to look the other way on petty stuff. |
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^I'm surprised it's not in the 300s... Not joking.
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...
1. Because you're supporting a ponzi, and it's operator. May I say, operating a ponzi is illegal, and by investing, you're assisting the operator, and you're basically assisting in a crime.
Sounds like the "if you buy drugs, you're sponsoring terrorism" argument. If operating a ponzi is illegal (it is, in US, where theymos' at), so is facilitating such operations (running a subforum where 90% of the users are participating in/promoting ponzis). If OP is breaking the law, so is theymos. What's sauce for the goose is sauce for the gander. Neg rate theymos too. We need to get over this illegal aspect, bitcoin is illegal in some areas. <snip>
Bitcoin isn't illegal in US, theymos is a US national & is running this forum from US soil. That's what counts, legally. |
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My math might be shit, ...
I'm not checking your math. What you're missing is appreciation in price. Right, "(ignoring hashrate drop, ignoring price fluctuation, ignoring everything)." I'm not at all sure that the price will go up -- if that was a certainty, one could categorically state that the *entire world is stupid* because not mortgaging home & investing everything, along with Pumpkin's college fund, in BTC. Because can't lose, so why not? |
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>Replace megamine with any other business. Any other business suddenly losing half of its revenue?  Like the auto industry suddenly being able to sell only half as many cars? (hoping against hope that the cars it does sell will somehow double in price)? Not finding anything readily analogous & rekindling hope at the same time The block reward subsidy was not the intended revenue stream for mining in the long term. A rare metal with the easiest to find surface quantities already found may be loosely analogous. But the analogy breaks down when... The real product the miners end up producing and relying on for revenue is blockspace. Inflation subsidy is just supposed to pay the bills while we scale up the number of fees paid per transaction s. I'm with you on block reward being a temporary measure, to be phased out as the fees market develops. We're disagreeing only about *how* the miners should be weened off the block reward -- via a halvening, or gradually. As we stand, fees are a tiny percentage of miners' revenue -- they'd have to be brought up to something like $3 per tx to make up for the loss of subsidies (or number of users/tx must go up, what, a hundredfold?). My math might be shit, going by ~3tps * 60sec * ~10mins = 25btc reward now; tx = 25/1800 * 425 = $5.90; Cutting reward in half = +$3 per tx, to keep things even (ignoring hashrate drop, ignoring price fluctuation, ignoring everything). I could be totally wrong. If fees were $1.50 now, I could see people paying $3, but from $.03 to $3 is a bit of a stretch. Doubling blocksize limit only gets us to $1.50/tx, still no help, so we're looking at something happening with the miners. I think Anyhow, only questioning the rationality of abrupt halving, not viability of fee-subsidized mining. |
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>Replace megamine with any other business. Any other business suddenly losing half of its revenue? Like the auto industry suddenly being able to sell only half as many cars? (hoping against hope that the cars it does sell will somehow double in price)? Not finding anything readily analogous & rekindling hope at the same time |
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