Some interesting statistics from the article - Unconfirmed transactions on Monday are 4 times that on Sunday. Seems like most bitcoiners take a break on weekends. This does seem counterintuitive, but we should make the best use of it.
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Can't the exploit be fixed without Segwit getting activated? This can be taken care of in the next upgrade, without getting into the Segwit vs BU debate.
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I don't think the community is as divided as some people say. I also believe this will be resolved soon, most people are getting tired of it...
Most people are tired of it, and they are voting with their feet. They are migrating to alts and this is pushing the market cap of alts back. This cannot be good for Bitcoin.
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The Government will try to ban Bitcoin when they have a competing altcoin. They would love people to use e-money so that all transactions can be tracked and they can play big brother. Until then, they will just tolerate Bitcoin.
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What would happen if some of the customers sued Bitfinex? Bitfinex should be offering some kind of compensation to customers, not just returning their money.
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I am just holding my bitcoins. I dabbled in altcoins, but I didn't foresee this huge rally. Might have missed out on some profits, but I am satisfied with the upside potential of Bitcoin.
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People who flip out at how bitcoin could be used for terrorism should check out other coins that actually offer privacy like Monero. The hardest part though for any of these coins is safely pulling it out into a fiat currency you desire like USD. You could trade in person but in large amounts its dangerous and very hard. The exchanges are the chokepoints.
Reason why authorities and people in power are worried about Bitcoin is due to its wide spread adoption. The other alts are just niche players now. When they grow, the focus will shift to them.
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It is USD 27 Bn. Alts have been the major driver in this rally. Bitcoin dominance is at an all time low.
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Craig Wright has lost all credibility with his claims. If he really was Satoshi and wanted to convince the world, it would have been easy for him to do so. Unfortunately, he only tried fooling a few journalists.
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The EU went on to say:
“The credibility of virtual currencies will not rise if they are used for criminal purposes. In this context, anonymity will become more a hindrance than an asset for virtual currencies taking up and their potential benefits to spread. The inclusion of virtual exchange platforms and custodian wallet providers will not entirely address the issue of anonymity attached to virtual currency transactions, as a large part of the virtual currency environment will remain anonymous because users can also transact without exchange platforms or custodian wallet providers. To combat the risks related to the anonymity, national Financial Intelligence Units (FIUs) should be able to associate virtual currency addresses to the identity of the owner of virtual currencies. In addition, the possibility to allow users to self-declare to designated authorities on a voluntary basis should be further assessed.”
...says the thief. I know right? How about this: The EU went on to say:
In addition, the possibility to allow users to self-declare to designated authorities on a voluntary basis should be further assessed.”
...but if you refuse we will fuck up your life. not exactly european union,but funnily enough the most corrupt parliamentary members in Ukraine are declaring their bitcoins voluntarily if you look at their electronic declarations,some of them own hundreds of coins,five hundreds,two hundreds, etc. nobody gives a damn or even asks them where did the money come from,so I guess it is different if you belong to the inner circles and if you just some common folk making your living and earning a coin or two a month That is insane. People who hold coins should be able to explain how they obtained it. I guess we have a long way to go before we have regulations which make sense.
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I think that's a nice thought but honestly it seems naive. Just because bitcoins were first doesn't mean they're best. They aren't as anonymous as some people are looking for, the fees are too high for others etc. Some altcoins do these things better so people invest in them. There's always going to be manipulation but I don't think this is.
Bitcoin has the widest adoption, the most hashing power backing it. Bitcoin is the only cryptocurrency which people know in some countries. So the dump bitcoin and then accumulate is not such a wild theory after all.
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At some point, we should just have a fork and be done with it. Too much of uncertainty is not good for the system. Let the market decide and may the best coin win.
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Where did you get the figure of $10Bn from? At best Satoshi would have a million coins? That would make him a billionaire. Not $10 Bn.
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There are still good cheap coins like QTUM and Chronobank's TIME. How about Litecoin, Dogecoin and other coins. Not all cheap coins are already pump, just do the "buy low sell high" rule. Invest while coins are not yet fully pumped.
those are not good coins, never heard of them those are probably your coins that you are holding, you wanna know about good coins? spreadcoin, lbry, decred, monero, nexus and many others, these are all good coins and they are all pumped, cheap coins that are still not pumped now after the great alt pump that is going these days, are without any doubt bad shit coins that no one care about Anybody who has invested in alts has made good money in the last month. When a crash happens, only a few alts will survive. Bitcoin will also go to the moon then. We will find out who has been swimming naked.
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Widespread support from the public would only make the government more worried about Bitcoin. By the way, what sanctity does an online signature campaign have? How can you verify that the people signing are indeed Indians, and are not abusing the process by signing multiple times?
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Of course, they object. They should stop talking about and file an appeal. Requesting the SEC Commissioner to review the application again is not going to serve any purpose, since there has been no change in circumstances.
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Segwit seems to have edged past Unlimited now (last 144 blocks mined). https://coin.dance/blocksSegwit supported by 37.5% of blocks, Unlimited supported by 36.8% of blocks. Overall, a pretty much split society.
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+54% these last 6 months and +123% for 365 days now.
Everybody has a short term memory. They are looking at what happened in the last 1 month. Or they are comparing Bitcoin's price movements with others like ETH and Dash.
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If I wanted to buy BCU (bitcoin unlimited) bitcoins instead of the traditional BTC (bitcoin core) bitcoins, how do I do that? Do only certain exchanges have them currently?
The hard fork hasn't been initiated yet. So there are no BTU coins. Exchanges have been talking about what they will do in case there is a hard fork. Everything is purely hypothetical.
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If there's a fork, not too bad for everyone who has bitcoins, as he will get both from either chain, so I'd say the total value won't be that different, if not higher.
The problem comes when you have supporters of each branch start dumping the other coin. In the normal course, all of them will be holders. Due to the fork, you have these 'dumps' in both branches, and the price of both will drop sharply.
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