I think some sort of voting system based on BTC holdings is sorely needed for coordinating development.
Buying and selling can only be done after a decision has been made, only brings 1d information (up or down, a little or much) and more importantly is only the net result of many different forces (macroeconomics etc.) so it will generally be hard to say the price is going up because of reason X or Y.
Nope. We don't want a new 1% to control things. Then tell me how things are controlled, because it is always controlled somehow. It's not. That's the whole point. You mean decisions just get made randomly? No. Humans don't act randomly. Then there is a way things work, thus certain groups exert control. No. Just individuals working together for their own personal purposes. That's why we are still above 1200 even after the etf mess. If bitcoin had some kind of central authority it would not be worth nearly as much. Individual self-interest is and has always been the key. Yes, it is voluntary and selfserving. Indeed there is no central authority. That does not mean that there aren't any groups that exert some control over the workings of bitcoin though. The good thing is that the power is divided over many actors, but that doesn't mean that there is no power. Or would you say that what mining pool operators do doesn't affect you. I am getting away from my initial point though. The question at hand was not to let a group control bitcoin, it was to find a way to measure the opinion of users/holders (as a source of information for developers, miners, exchanges,merchants and other users/hodlers). |
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It has been a lot time that i not monitor this thing. we don't have a voting process on that? who makes the final decision ? hard fork could f@ck bitcoin price and trust of course...
No. There is no "voting process" in a decentralized cryptocurrency. The whole ecosystem either comes to a decision by consensus or not. You technically give your "vote" by running or adopting a specific soft fork, hard fork, or implementation. I'd say the only vote that matters, in Bitcoin or anywhere really, is the voting that you do with your wallet. I think some sort of voting system based on BTC holdings is sorely needed for coordinating development. Buying and selling can only be done after a decision has been made, only brings 1d information (up or down, a little or much) and more importantly is only the net result of many different forces (macroeconomics etc.) so it will generally be hard to say the price is going up because of reason X or Y. Nope. We don't want a new 1% to control things. Then tell me how things are controlled, because it is always controlled somehow. It's not. That's the whole point. You mean decisions just get made randomly? No. Humans don't act randomly. Then there is a way things work, thus certain groups exert control. |
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It has been a lot time that i not monitor this thing. we don't have a voting process on that? who makes the final decision ? hard fork could f@ck bitcoin price and trust of course...
No. There is no "voting process" in a decentralized cryptocurrency. The whole ecosystem either comes to a decision by consensus or not. You technically give your "vote" by running or adopting a specific soft fork, hard fork, or implementation. I'd say the only vote that matters, in Bitcoin or anywhere really, is the voting that you do with your wallet. I think some sort of voting system based on BTC holdings is sorely needed for coordinating development. Buying and selling can only be done after a decision has been made, only brings 1d information (up or down, a little or much) and more importantly is only the net result of many different forces (macroeconomics etc.) so it will generally be hard to say the price is going up because of reason X or Y. Nope. We don't want a new 1% to control things. Then tell me how things are controlled, because it is always controlled somehow. It's not. That's the whole point. You mean decisions just get made randomly? |
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It has been a lot time that i not monitor this thing. we don't have a voting process on that? who makes the final decision ? hard fork could f@ck bitcoin price and trust of course...
No. There is no "voting process" in a decentralized cryptocurrency. The whole ecosystem either comes to a decision by consensus or not. You technically give your "vote" by running or adopting a specific soft fork, hard fork, or implementation. I'd say the only vote that matters, in Bitcoin or anywhere really, is the voting that you do with your wallet. I think some sort of voting system based on BTC holdings is sorely needed for coordinating development. Buying and selling can only be done after a decision has been made, only brings 1d information (up or down, a little or much) and more importantly is only the net result of many different forces (macroeconomics etc.) so it will generally be hard to say the price is going up because of reason X or Y. Nope. We don't want a new 1% to control things. Then tell me how things are controlled, because it is always controlled somehow. Also, this voting should be non-binding, just to get an accurate idea of what bitcoin holders think. |
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It has been a lot time that i not monitor this thing. we don't have a voting process on that? who makes the final decision ? hard fork could f@ck bitcoin price and trust of course...
No. There is no "voting process" in a decentralized cryptocurrency. The whole ecosystem either comes to a decision by consensus or not. You technically give your "vote" by running or adopting a specific soft fork, hard fork, or implementation. I'd say the only vote that matters, in Bitcoin or anywhere really, is the voting that you do with your wallet. I think some sort of voting system based on BTC holdings is sorely needed for coordinating development. Buying and selling can only be done after a decision has been made, only brings 1d information (up or down, a little or much) and more importantly is only the net result of many different forces (macroeconomics etc.) so it will generally be hard to say the price is going up because of reason X or Y. |
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kraken and coinbase both seem fine from bitcoinwisdom..
Pretty much inline with stamp and finex..
Kraken is ok now, but was completely unreachable. Maybe API commands from bots worked, or perhaps some region weren't blocked. Still beating myself up that I followed the wrong RSS feeds... |
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Goddamn, sitting here all day long, and then apparently I put in the wrong feeds or something, because I didn't see anything except for on this thread, and by that time it was below 1100 already...   |
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I imagine adrenaline levels are higher around the globe  |
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I have the feeling that it is going to be a long day...  |
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Imagine someone with long position opened - price soars to 1336$, guy is extremely happy and 15 seconds later position is liquidated by broker because of 1069$ drop. LOL
I actually misread Marcus' comment into thinking it was approved. Had a big position open, failed to sell at the top, luckily no liquidation and escaped with some profits... EDIT: from the quotes it would seem that he initially did say that is was approved. |
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Is there any actual news of approval or not?
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mmm, not looking too great right now.
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Can someone explain we what is going on? For the last few days everyone was talking about EFT, but today from few hours you are talking about some "BU", "Antpool", "pool"and other stuff. I'm pretty new in BTC and I don't understand what you are taking about, could someone help me?
I wouldn't know how to summarize or distill it further as you have to be somewhat familiar with bitcoin to grasp it. Bottom line if you are a new user. You are safe if you keep your coins off online wallets and exchanges as this blows over. Secure them in Hard ware wallets if you can or an offline computer. Why do you recommend this ? Some people are here to trade and invest and buy-sell- sell-buy... why if i have coins to the exchange i maybe have problem? ( don't tell me is not safe like gox we all know that but it's the price to pay if something happen in case of hacker - or government  we know that, at least we took a lesson with gox ) but what this have to do? It is all about having options. If there is an imminent hard fork you want to have possession of your private keys as you have more options. The safest most private way is to run a Bitcoin Core node on a home computer. Second would be a hardware wallet like Trezor or Ledger Nano S. Wait, Electrum is not safe anymore? Do I understand correctly that some safety gap appeared in bitcoin world in the last few days? Not really. They are discussing the possibility of a hard fork in the bitcoin blockchain. There is disagreement about how to scale bitcoin and 2 camps have formed. If a cryptocurrency is hardforked, it can turn into 2 new currencies (see ethereum and ethereum classic). If you control the private keys of the pre-fork coin, you will have both coins after the fork. However, an exchange could perhaps not recognize 1 of the 2 coins and give you only the 1 they consider legitimate. That's why its safe to control the private keys prior to a hardfork. Also, after the hardfork you want to make sure that sending your coins on 1 chain doesn't result in somebody stealing your coins on the other chain (I think, not an expert). |
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Funny |
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Forget an ATH and "gold parity", the true crazyness of today: BTC-e almost at the same price as Stamp and Finex. |
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But who knows, this is Bitcoin, after all.
In my payment system we have problem, and that problem is the jew. He take all of your transaction fee, and he give none back to you. What's the problem with jews and bitcoins? You can't say the miner's fees were their idea? To have service filled you have to pay for it. It is just that cut and dry. But how much they can charge for that service is a another thing to discuss. So please lets just keep the jews out of this for now.  I have r0ach on ignore. His bigoted neo-nazi attitude toward everybody that isn't him makes me want to vomit. My guess is you are not the only one. Athough I found his pseudo-scientific ramblings about genetics particularly amusing. Anyways, best not to feed the troll... |
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the ETF is nothing but trouble for bitcoin. best case: it fails, we crash and recover.
Why? |
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great cartoon on r/bitcoin :  |
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