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Tell me if I m wrong, but to me Satoshi and Bitcoin is all about facts, consensus and united community - nothing to do with individuals and far off people bashing and ranting.
I cannot believe that this sprit has changed after he left, even to some legends here...
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Bitcoin needs Altcoin to sustain the demand pressure, most Altcoins trade on most exchanges are against BTC and not fiat, also some ICOs like ICONOMI and Chronobank allowed fiat deposit but this was converted into BTC
But we all know that these BTC will be converted sooner or later, And the way you stated it, it was the other way around. It is the altcoin that needed BTC because these altcoins are traded mostly in BTC. And some ICO needs BTC for them to crowdfund the project. this is just another topic with the same argument about bitcoin versus altcoins. there is already another one of these in this board called bitcoin without altcoins! and so far out of all these arguments and some spam, and among all these altcoins none of them have contributed or otherwise to bitcoin apart from making some traders richer and some lose money. Sorry, I havn t checked this threads here in depth. I came to this when I was thinking of my point 3 in the op. I ve never seen this 'value' of alts mentioned anywhere or from anybody else. |
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... I should change the title to be 'needs some altcoins' ....
Pls check my 3 points in the op - sure that this not say we need all. And I'm fine with the 'some alts' be in the low market cap range, but that's not their usage until bitcoin stays here as a store of value.
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The hardest task is always to find the bug and its nature, even harder if its wrapped into a silent try catch block.
Found is fixed!
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The next 2 days are critical. If there will be a successful pump, eventually leading to about 1050$ - 1100$, then this will be a EW one, and after months of sideways we'll see 2000$ or more.
If however the pump will fail, then we'll see a major correction, down to about 600$ and the possibility of a new bear market.
Lost my faith in EW long ago... always traders trying their hardest to force wave counts to match history, never predictive of anything. Hehe, if you found sth working better pls let me now by pm.  |
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I don't agree with the testnet, because we have already the teestnet with bitcoin, if you want tot ry something you can try it there without making an altcoin to scam investors, altcoin are bad for another reason and is the fact that they remove liquidity to the bitcoin market, if someone want to buy many altcoin he will dump bitcoin for them because it's the easy way instead of going with fiat first
I understand what you say and I mostly agree but scams might be always there but with anti fragility they will disappear again. People get educated! I also do not want to promote alts here but since they are here try to find a reason for. |
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...
- Alts work like a testnet for bitcoins (looking forward seeing Litecoin with SegWit)
- Once an alt feature looks working it might get adopted no matter onchain or in a side chain. (RSK)
- Alts mostly need bitcoin to trade and some bitcoins might be always reserved / locked for this.
- Alts might help to generate a closed bitcoin economy
My favorit comes here:
- Alts work like an infinite fear generator (Hydra) against any try of regulators to bring bitcoin down, since there are too many to kill and its very easy to just create a new one (like a Hydra cannot be killed by chopping off some heads, even the biggest one!) > crypto world is anti fragile and it will stay on this solar system from year 2009 on.
Any other things missing here?
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Mädels, wenn der Fernsehr heut nix taugt dann schaut doch mal den dezentralen König hier im Mises an. Sehr nett https://youtu.be/HJSo06Su2vEUnd wenn der König spricht, dann müssen sich alle Klumpenrisiken und TooBigToFails warm an ziehen. (Hätt er doch mal 2011 richtig investiert) |
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BU in short removes a single mostly unimportant line in the bitcoin protocol.
SegWit is a brutal hack into many places of the bitcoin protocol that is still not understood fully how it finally plays out and now litecoin tries to test it in real live soon.
You decide whats a bigger risk and could be called an altcoin.
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I m still very astonished that PoS promoters try to work against the laws of physics or restaurants:
There is no free lunch!
Security comes from order keeping and due to dissipation and entropy increase you just have to work! to keep that order and security.
With PoS there will be never such security since you can mine all day but spend nothing ( or very few) for work - despite PoS promoters work hard in mind to overcome simple laws, but you cant fix physics.
I wonder if there is some theorem out there like the CAP that describes what I mean?
If not, we should try formulate this here.
To PoS promoters: Go back to work!
Shows alot of asshats, think they know how stuff works, but at the end of the day , most of those asshats are just plain wrong. We know PoW is an energy hog , We know PoW will Centralize due to economics (BTC, LTC & Doge already have centralized to China) We hear alot of BullShit security horror stories about how easy it is to attack a PoS coin. Yet , every time one of you genius rant about the death of PoS due to a security flaw. I offer you ZEIT's exposed Proof of Stake jugular for you to Prove your ever so deadly theory. You want to know what has happen each and every time, not a Damn Thing, because your imaginations and the real world are not the same fucking thing. So again, if any of you brilliant asshats can take down a Proof of Stake coin with your scary laser beams. ZEIT as always is waiting , bring it on, and break this coin with your attack or SHUT THE FUCK UP!    Lol Looks like you got hit and need some defensive now. I ve already done your worst attack, I ve never invested into piece of shit and feels like majority is with me. sorry |
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I m still very astonished that PoS promoters try to work against the laws of physics or restaurants:
There is no free lunch!
Security comes from order keeping and due to dissipation and entropy increase you just have to work! to keep that order and security.
With PoS there will be never such security since you can mine all day but spend nothing ( or very few) for work - despite PoS promoters work hard in mind to overcome simple laws, but you cant fix physics.
I wonder if there is some theorem out there like the CAP that describes what I mean?
If not, we should try formulate this here.
To PoS promoters: Go back to work!
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Go to 8MB now. Fees go back down to .0001 Keep building LN until it is fantastic. revoke Maxwell's commit access as he has shown himself to be corrupt.
Maxwell does not have commit access anymore the last time I've checked. Very clever you Blockstream guys are! hahahahha. You don't think that we all understand that his puppets do? Do you really think we are fooled by such clever devices and tricks for fools? Hehe, so the code will stay on 1MB for ever, or who dares....? Huh, did he get now commit keys for BU in exchange to fix the limit there as well? |
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Thats about as much as % user votes on slushpool. https://slushpool.com/stats/25 % Don't care 31 % Bitcoin core Both will be mined as segwit afaik Wouldn't be surprised if the ratio of ppl running Bitcoin Core nodes which don't care would be even higer. Something is clear: nobody cares about Bitcoin XT, Bitcoin Classic, and now Bitcoin Unlimited. We all know that Core is the way to go if you still want to have your BTC 10 years from now. The conservative approach is the only way to guarantee the system works in the long term. The rest can keep dreaming about their amateur software that has been proven wrong a million times already. Sorry, but conservative blocksize + LN is objectively the best we got. Keep trying if you want something better, for now its what we have. That asshat GMaxwell should just go fork his altcoin if he wants silly new protocols like SegWit and LN. Why does he have to destroy the bitcoin blockchain in pushing his Blockstream owned and controlled LN? SegWit = big protocol changes = altcoin LN = big protocol changes = altcoin BU - just put the blocksize back to where it was in the beginning. Same protocol!!!! = Bitcoin!! The simpler the more genius. But the world can only be controlled if some clever group package simple things into complex presents. The masses will follow those cause it looks more. |
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BU hat seid Monaten eine stagnierende Anzahl von etwa 400 Nodes. Dagegen durchbricht der Anteil der Segwit-Nodes in den nächsten Tagen die 50% ( aktuell 49% ). Ich denke von dieser Seite kann das Votum nicht eindeutiger sein.
Ich halte BU für einen Angriff auf Bitcoin.
Und ich halte das Festhalten am 1 MB blocksize Limit für einen Angriff auf Bitcoin. Daß segwit mehr nodes hat ist doch klar. Das ist der "normale" upgrade-Pfad für die allermeisten Bitcoin-Node-Betreiber. Die haben sich ja jetzt nicht bewußt "für segwit" entschieden. Die haben einfach nur ihre bitcoin software aktualisiert von 0.12.1 auf 0.13.0 (oder wie auch immer). Segwit ist eine Blockvergrößerung und zwar eine intelligente, ohne den resourcenverbrauch zu erhöhen. Wieso soll man mehr Resourcen verbrauchen als nötig ? Wir können auch segwit einführen mit einer Reduzierung der Blockgröße auf 0,5mb. Und ganz nebenbei : Die Argumente der BU Befürworter sind zu 99% auf Einzeller Niveau. Haha , der is lustig. Ich bin auch ein Einzeller, denn die haben das grösste Potential alles zu werden. No limits! |
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Adoption (rates) of new tech is going exponential.
This might happen to BU as well.
Do we see this starting?
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