You obviously don't understand what XT is doing. There is no chance until a 90% consensus is reached. Inform yourself before you write BS.
Well and then people will pretend to update and switch back to core later. You'll be looking how many guns come out the woodwork after the fork to run core... prepare your anus. Core won't die and two chains are inevitable. Gavincoin doesn't stand a chance longterm with or without "supermajority". Supermajority does mean nothing. The waters are poisoned by Gavin and his mob. Nothing will grow from it. Why would anybody do that? Sure, there are always idiots, who do things like that, but that is luckily not a majority, they are just the "loudest" people on the internet and therefor think they are a majority. So, yes, please kick yourself out of the system, by doing stupid things like that, I wouldn't mind a few idiots less in the Bitcoin-economy. |
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Well, it seems as though this might be a valid argument. The software used to determine the total amount of nodes, was fine tuned lately, and it has been determined that there are a lot less fully functioning nodes out there, than was initially thought. Some people will also run nodes with Bitcoin XT and others with Core. So there will definately be less nodes... This might become a problem in the future, if things continue at the trend is going now. If you run a node, make sure it is 100% configured for optimal performance.  This is the problem I see with XT move, we should avoid politics in bitcoin, it should function like gold, no human can change the basic properties. Gavin threw out this XT version without reaching enough consensus, its intention is very unclear, bitcoin should not become a tool for people to realize their political interest You obviously don't understand what XT is doing. There is no chance until a 90% consensus is reached. Inform yourself before you write BS. |
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There isn't any centralization for a simple reason: Most people could run a full node, if they wanted to.
Centralization means: You can't join the club.
Just because some guy in the outback of china with a crappy internet connection can't run a full node, doesn't mean anything is centralized.
Are torrents centralized, because the same guy couldn't upload a HD-movie?
What would really happen, if the number of nodes decline too much? Some companies and enthusiasts, would just make new ones. Like I said, in the beginning, it is not hard to do so. I could just buy one of this full setup full nodes, go to a friend, who has ridicilous fast internet, he doesn't need and ask him nicely to just keep it connected to the internet and buy him some beer in return. No problem there at all.
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I guess the question is:
What do you to, if someone asks you at gunpoint for all the Bitcoin you have on you or how to we prevent that?
At some point, robbers will know, that you most probably have a wallet on your phone.
The most reasonable answer in my opinion is: Don't have too much money on your phone.
Appeal to their rational self-interest. "Kill me and you get no btc, plus you'll be wanted for murder. Odds are very high that you'll get caught and spend the rest of your days rotting in some rape-dungeon. Have you ever gotten away with murder before? Didn't think so. Now fuck off" The people robbing you at gunpoint have no intention of firing that weapon, they aren't prepared to commit murder, they don't have the operational security to get away with the crime, and if you call their bluff, they are fucked. Seems like, you have watched too many bad movies. That behavior will most likely get you killed. We are talking about the real world, where people sometimes get killed for ridiculous reasons. Edit: Do you know the film Last Action Hero? https://www.youtube.com/watch?v=ubLwkPcV3OI |
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that digital currencies are far more susceptible to hacking attacks. lol, they can't be serious about that, can they? There are several major website hacks, with lots of credit card data stolen every year. |
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Also the writer is reffering to the massive pollution caused by bitcoin mining. What about the massive servers the banks and VISA/Mastercard need to host currently? They probably use a shitload more energy than the current mining operations. If bitcoin can replace parts of this, wouldn't we be better off?
wasn't the bitcoin network considered the most powerful network in the world, most power than any numbers of supercomputer combined? i doubt they are wasting more energy than the mining operations for bitcoin It is the most powerful, when it comes to Bitcoin mining. It can mine Bitcoin better, than a supercomputer could, because the hardware is optimized on mining. Power consumption is a whole other story. I don't know, what the power consumption of the network is, but an ASIC takes less energy to produce Bitcoin, than a supercomputer would. |
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Man, I've thought that topic was about Gavin & bitcoinXT.
How is your doubled bitcoins?
He just tripled his Bitcoin, by also installing Electrum. |
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In my country, no normal people is allowed to have gun. So there's no need to worry. If my phone was stolen, I could just quickly recover it following Mycelium steps on their website. I guess the question is:
What do you to, if someone asks you at gunpoint for all the Bitcoin you have on you or how to we prevent that?
At some point, robbers will know, that you most probably have a wallet on your phone.
The most reasonable answer in my opinion is: Don't have too much money on your phone.
My phone (Mycelium) store all the Bitcoin I have. I use it because it is easier to access. There is no need to open computer whenever I need them. Just in case, I might be storing some in my computer sometime later. I kitchen knife would also be sufficient. No need for a gun. |
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I guess the question is:
What do you to, if someone asks you at gunpoint for all the Bitcoin you have on you or how to we prevent that?
At some point, robbers will know, that you most probably have a wallet on your phone.
The most reasonable answer in my opinion is: Don't have too much money on your phone.
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The first thing I wonder, if I see a shop is: Who are this guys?
I couldn't find anything about that.
Why is GODADDY.COM, LLC the registrar of your domain?
Sorry, but my first impression is, that it looks shady. Maybe you can clear things up.
How come a domain registered on GoDaddy shady? Anyways, the site doesn't load so maybe it's not 100% up? I haven't heard about GoDaddy, yet. Is it well-known? Not much on WoT about it. I just don't like, if people don't register a domain by them self, at least, with a shop, which wants me to send them money and I have to hope, that I get ware for that. |
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The first thing I wonder, if I see a shop is: Who are this guys?
I couldn't find anything about that.
Why is GODADDY.COM, LLC the registrar of your domain?
Sorry, but my first impression is, that it looks shady. Maybe you can clear things up.
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I have a few bitcoins and am going to buy a few more in a day or two. Will have some 10+ Bitcoins then. I wanted to know which is the best investment option where I can invest my bitcoins and earn some profits as their is no point of just holding them and let them stay dead in my wallet.
What's wrong with just holding them? If you 'invest' them you could very likely lose them all or a lot. The easiest and safest way would probably be to just day trade but personally I would just buy and hold them for a couple of years and I''m sure you'll have made much more this way than just day trading or investing in some probable scam. holding bitcoins is already an investment, but as you probably already know is that just holding them is not enough for these people. they want to at least double their coins within a few weeks. No, I don't have any intentions of doubling my bitcoins. Even if I earn 1-2% every week, this is good for me and will be profitable in a long run as I have no intentions of selling them this year. Do you realize that 1% a week is 67% a year? 2 % a week is 180% a year. Sorry, but when your math is that bad, you shouldn't invest in anything. You seem like the kind of person, who will get scammed pretty fast. |
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Yeah I see what you are saying. I think the first step is to simplify the exchange process. I had to read up on how to buy bitcoins and tbh it was a total pain to get some. If you could just buy them direct from a bank account in stead of having to wait a week or pay a hefty transfer fee then that would go a long way to better adoption. That will be the first barrier to cross. The second will be transaction speed. The average person does not want to wait so long for a transaction to go through. They are used to credit cards and instant money. Third there needs to be some advantage that bitcoins have. Why would the average person use bitcoins in stead of dollars? If I get ripped off using my CC then I just call them and have the transaction reversed. BTC has no such thing. It needs to have an advantage for the average person and not just us.
1. Making an account at an exchange is most times easier than making an account in a bank. The only difference is, that people already have a bank account for a long time. 2. Transactions are instant. Did you ever buy something with Bitcoin? I don't think so. For me it always takes less than 2 seconds. 3. Sure, reversing transactions seem like a good idea, until somebody reverses the transaction made to you. That happens all the time. 1. Ok true, there is one exception which is Kraken. Making an account there was a total pita for me. 2. Ha! no they are not. Money transfers between point a and point b can take up to 6 confirmations, and you are not guaranteed a confirmation every 10 minutes. Can you imagine waiting at starbucks for 20 minutes for your confirmations? Most of the time the site only needs 2 confirmations from me, but I have seen up to six. So in my experience transactions are not instant. Credit cards are instant. Bitcoin is not. 3. I have never had a transaction reversed on me, but I have done it twice to bad companies that tried to rip me off. I am not saying that reversals are a good idea, but it is super easy to get scammed using bitcoins. Until this changes it will be a barrier for wider adoption. ad 2) I am talking about paying with bitcoin, not money transfer. I guess, you have just used exchanges so far or put Bitcoin in your casino account. To counter your hypothetical starbucks example: Some weeks ago, I was in a beerbar. I was pretty drunk, but I knew beforehand, that the guy was accepting Bitcoin and I asked him about it. He made a few clicks on his computer and showed me his screen. There was a QR-Code. I grabbed my phone, started Mycelium, pushed send, scanned the QR-Code, entered my pin and clicked confirm. He took a look at the screen and said something like "That's alright" and I left. That is the real life case, with Bitcoin. So, please, unless you had a real bad experience, just accept, that, this is how it works and restrain from making up stories. |
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In all the nonsense, that is going on in this thread, I have a serious question.
When there would really be 2 forks, every transactions from fork A can easily published to fork B.
So, to prevent a transaction from happening on Fork B, when I put it on fork A. Say sending 1 BTC from address X to address Y, I would have to make a second transaction, sending all my Bitcoin from address X to address Z. Am I right here?
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The article is pretty stupid.
There are way more camps, than mentioned in it.
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You forgot all the people who will tell you, that Bitcoin will destroy governments, cure all diseases, bring world peace and make Emma Watson sleep with you.
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MicroGuy is really one of the most ridiculous people on this forum.
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