The purpose of Bitcoin can be described in 3 words: global (you can use it in every country and between countries) internet (you can use it where ever there is a internet connection with every device, that can access the internet) cash (money that is transferred peer-to-peer, so without a 3rd party, but that also means, that everyone is responsible for the security them self)
I think, a good way to describe what Bitcoin is supposed to be, is comparing it with the Internet. Before the internet it was really hard to spread any information. Media was in the hand of a few peoples. Nowadays everybody can just use Twitter/Facebook/blogs or if that doesn't work for some reason, it is not that hard to make your own website and theoretically reach most people in the world with it. Nowadays it is hard to send any amount of money between countries. Just look at all the fees, people have to pay and still it is possible, that your funds get frozen. There is not much, you can do about that, besides meeting in person. Bitcoin on the other hand is cheap and can not be censored.
|
|
|
This is a sign that digital currency mainstream adoption is being consolidated. But once the governments start to use digital currencies won't they make their own digital currency instead of adopting bitcoin? Why make there own when Bitcoin is already built and used all over the world. Also the UK could easily buy all bitcoins as its worth 3.3b right now which is not much for a whole country.That is not how markets work. They can't buy all Bitcoin, since not all Bitcoin are on the market. Also, if they would start to buy, the price of Bitcoin would go up.
|
|
|
Why would they stop accepting Bitcoin? I understand, that people don't want to go to the hassle of accepting a new payment method(regardless of how small the effort is), but once introduced, why remove it?
|
|
|
Did any customers lose money? Was any customer data leaked?
If both questions are answered with No, than there is no real problem. Companies lose money all the time, e.g. when a customer goes bankrupt and can't pay their bills. Companies have to calculate risk into their finances, so they can handle such incidents.
|
|
|
I think the whole effort pretty much will go to waste, if there is no clear path a standard user can follow. So, besides the question: "Where can I spend Bitcoin?" it should also answer: "How to I use Bitcoin?" and "Where can I get Bitcoin?"
So, in my humble opinion, you should get a Mobile Wallet provider and an exchange on board. Another question is: "Why would people use Bitcoin?", if there is no discount of any kind involved, people will not get through the effort to install an App and buy Bitcoin just so they can spend it.
|
|
|
Again, I wished we haven't told people about confirmations in the first place. Trying a double spend for a coffee, is like forging one dollar bills. Who would do that? Furthermore, paying with a credit card takes days to confirm, but nobody thinks about that, when he uses a credit card, but in the Bitcoin World we have the problem, that it is nerds who tell the normal people about how Bitcoin works, and nerds tend to confuse people with just to much details and people get the whole thing wrong. You see, that even OP, who is a Legendary Member, got it all wrong.
|
|
|
So, is the stress test already over?
What happened to the 1 month backlog?
I believe the 1 month backlog would have been the result of the test, not the duration of the test. I am aware of that, but there is no 1 month backlog. https://tradeblock.com/bitcoin/ seems pretty normal. So, what happened? Switching to giveaways instead of sending the transactions them self, shouldn't have changed anything. Should it?
|
|
|
I guess, I just strongly disagress with some definitions of blockchain. If there is no PoW or PoS or similar, I don't see, what makes it a blockchain. Is there a network of nodes, which store the same data? That is not really a blockchain, just some kind of backup.
|
|
|
So, is the stress test already over?
What happened to the 1 month backlog?
|
|
|
I never understood how a bank blockchain is supposed to work. Who is mining? If it is just the bank people mining, than I don't see, why they would need a blockchain. Who can look at it? If it is just the bank people looking at it, than I don't see, why they would need a blockchain.
Is there a white paper about it? Are they actually know, what they are talking about, or are they just throwing around words?
|
|
|
What of Gavin and Mike?
Will they still be taken seriously in future projects?
One of Bitcoin's value is permissionlessness. Permissionlessness to use Bitcoin and permissionlessness to contribute. So I expect Mike and Gavin will always be welcomed to contribute to Bitcoin's future, just like before the XT episode. That being said, it seems clear Mike/Gavin and the other core devs don't share the same Bitcoin vision. Mike/Gavin see Bitcoin as a payment system (SPV, 0-conf, user-experience, ...) while the core devs see Bitcoin as a currency (resilience, censorship-resistance, privacy, ...) on which payment protocols can be build on (Lightning). At this point, it is unclear if the two visions can walk hand in hand in the same direction. I don't think, they have different visions of Bitcoin. They just disagree on how Bitcoin reaches it's goal. I don't think, a (internet) currency, which is not a payment system makes much sense and a payment system, which is not a currency, is not something you would need Bitcoin for.
|
|
|
1. "Not based on trust" Then what is it? Magic? Bitcoin = money. Money = trust. Seems pretty fundamental to me.
It is based in Proof of Work. Maybe you have heard about that. I wanted to comment on the other things, but you are just throwing around words, without meaning and I have better things to do ... There are thousands of coins based on proof of work. Surely there is something special about Bitcoin? There are millions of unsuccessful open source projects which are very similar to successful open source projects. And again, nothing special in Bitcoin World. You didn't answer the question. Why did Bitcoin succeed and other POW coins failed? Because it was the first and because of the network effect. The same reasons other open source projects are very successful.
|
|
|
1. "Not based on trust" Then what is it? Magic? Bitcoin = money. Money = trust. Seems pretty fundamental to me.
It is based in Proof of Work. Maybe you have heard about that. I wanted to comment on the other things, but you are just throwing around words, without meaning and I have better things to do ... There are thousands of coins based on proof of work. Surely there is something special about Bitcoin? There are millions of unsuccessful open source projects which are very similar to successful open source projects. And again, nothing special in Bitcoin World.
|
|
|
1. "Not based on trust" Then what is it? Magic? Bitcoin = money. Money = trust. Seems pretty fundamental to me.
It is based in Proof of Work. Maybe you have heard about that. I wanted to comment on the other things, but you are just throwing around words, without meaning and I have better things to do ...
|
|
|
With less than 10% of the nodes and zero mined blocks recently what happens now that BitcoinXT (GVC) is for all practical purposes dead?
What of Gavin and Mike?
Will they still be taken seriously in future projects?
~BCX~
So by this logic should we not take seriously all owners of failed pull requests? Logic = 0! How do you compare a major fork attempt with a pull request? You just do. You guys are acting like BitcoinXT was something that never happened before. It may not have happened in the Bitcoin world, but it happens all the time in the Open Source World. So, if their proposal is not accepted by an economic majority, they drop it, and start working on other projects. Business as usual. Nothing dramatic about that. You guys are just a bunch of retarded fanboys, like in all this stupid iPhone vs. Android wars ... It really isn't comparable and if you can't see it then it is likely you are part of the "retarded" gang. Why is it not comparable? Please enlighten me. Because this is a 3B$ economy that depends on trust. Forcing a contentious hard fork for political motives divides the consensus & undermines that trust which puts everyone's money at risk. So, it is the worth of the project? Linux is worth more and forks happen all the time. That was exactly the kind of fanboy answer, I expected. Worth of the project? No, this is an economy based on trust dipshit, hasn't anything to do with "the worth". Moreover their hard fork was not based on technical dissent but political ideologies as they attempted to force their turd down the throat of "the community" using PR tactics, propaganda & fud using their "authority". No one's investment is directly at risk from a Linux fork. You're a clown 1. It is not based on trust. You are not even able to understand a fundamental principle of Bitcoin. 2. It is a open source project, calling it an economy or using other term to make it sound special, just confirms, that I am talking with a fanboy, who doesn't want to see reality. 3. Same with calling it "not technical dissent but political ideologies", just because you don't like the solution, they provided. 4. Yes, a Linux fork, could cause people to lose their investment. Again, nothing unusual here in the Bitcoin World. @Carlton Banks and again ad hominem is all you can provide ...
|
|
|
With less than 10% of the nodes and zero mined blocks recently what happens now that BitcoinXT (GVC) is for all practical purposes dead?
What of Gavin and Mike?
Will they still be taken seriously in future projects?
~BCX~
So by this logic should we not take seriously all owners of failed pull requests? Logic = 0! How do you compare a major fork attempt with a pull request? You just do. You guys are acting like BitcoinXT was something that never happened before. It may not have happened in the Bitcoin world, but it happens all the time in the Open Source World. So, if their proposal is not accepted by an economic majority, they drop it, and start working on other projects. Business as usual. Nothing dramatic about that. You guys are just a bunch of retarded fanboys, like in all this stupid iPhone vs. Android wars ... It really isn't comparable and if you can't see it then it is likely you are part of the "retarded" gang. Why is it not comparable? Please enlighten me. Because this is a 3B$ economy that depends on trust. Forcing a contentious hard fork for political motives divides the consensus & undermines that trust which puts everyone's money at risk. So, it is the worth of the project? Linux is worth more and forks happen all the time. That was exactly the kind of fanboy answer, I expected. and btw. Bitcoin is a trustless system. Please read the whitepaper
|
|
|
With less than 10% of the nodes and zero mined blocks recently what happens now that BitcoinXT (GVC) is for all practical purposes dead?
What of Gavin and Mike?
Will they still be taken seriously in future projects?
~BCX~
So by this logic should we not take seriously all owners of failed pull requests? Logic = 0! How do you compare a major fork attempt with a pull request? You just do. You guys are acting like BitcoinXT was something that never happened before. It may not have happened in the Bitcoin world, but it happens all the time in the Open Source World. So, if their proposal is not accepted by an economic majority, they drop it, and start working on other projects. Business as usual. Nothing dramatic about that. You guys are just a bunch of retarded fanboys, like in all this stupid iPhone vs. Android wars ... It really isn't comparable and if you can't see it then it is likely you are part of the "retarded" gang. Why is it not comparable? Please enlighten me.
|
|
|
With less than 10% of the nodes and zero mined blocks recently what happens now that BitcoinXT (GVC) is for all practical purposes dead?
What of Gavin and Mike?
Will they still be taken seriously in future projects?
~BCX~
So by this logic should we not take seriously all owners of failed pull requests? Logic = 0! How do you compare a major fork attempt with a pull request? You just do. You guys are acting like BitcoinXT was something that never happened before. It may not have happened in the Bitcoin world, but it happens all the time in the Open Source World. So, if their proposal is not accepted by an economic majority, they drop it, and start working on other projects. Business as usual. Nothing dramatic about that. You guys are just a bunch of retarded fanboys, like in all this stupid iPhone vs. Android wars ...
|
|
|
The $100 and $500 payment had no issues until 2 weeks later. You can't cancel a transaction in Google Wallet after you've sent it. Google stopped the pending transaction and reversed the two that cleared.
I provided the Google reps with everything I know, trying to help them find the guy, yet they go after me.
I'm guessing that the hoppy32347 account was created by a scammer and funded with (a) stolen credit card(s). Then, the owner of the credit card got his bill and disputed it. It was obviously stolen, so the credit card transaction was reversed. Google probably froze the hoppy32347 account. And your account has a negative balance. What else would you expect them to do? It's clear now, that he just owns Google $ 600 and the whole thing has nothing to do with Bitcoin. It would be the same thing, if he had sold a couch and the buyer had reversed the transaction. Same thing also happens with bank accounts. There is really nothing Bitcoin related to see here in this thread. Move along.
|
|
|
Meanwhile, there are not even full blocks mined.
|
|
|
|