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Author Topic: More bad press for BTC  (Read 242 times)
Anti-Cen
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High fees = low BTC price


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January 12, 2018, 01:12:14 AM
 #21

Bitcoin took a dip in the last few days, could it because of the Bitcoin conference didn't accept Bitcoin and the Korean cryptocurrencies trading ban?. Even all the Bitcoiners out there knows Bitcoin is unsustainable for now, the lightning network should be implemented as soon as possible.

Have you looked into Lightning Network by any chance ?
Please let me help you

https://www.youtube.com/watch?v=6V365_59-Lc (Fast version)
https://www.youtube.com/watch?v=MpfvhiqFw7A (Slow version, move to 6:10 for the meat)

Do you really think the development team only became aware that as implemented that Bitcoin was "unsustainable" a year ago
and that it would not scale to more than seven transactions per second ?

Problem-Reaction-Solution and my how it fills the miners pockets at $25-$50 a pop

I write code and make a good living from it so let me help them if they forgot this vital line of code
public static money MaxFee = 1.25 // Market forces will force 95% of miners out and leave the remaining with a living wage

Yeah as a developer i too would love to work without a timeline but i would never have the gift of the
gab to convince people that my next project was being sold for being "Off-Block" when my last project
was sold for everything being on the magical, come mystical block-chain and the optimum block size
was discovered nine years ago.






Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
Beefcake
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Beefcake!!!


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January 12, 2018, 01:15:14 AM
 #22

There is always bad press for bitcoin.  Truth is that the establishment hates it because they can't control it like fiat.  Its hilarious to me that its called a pyramid scheme, magic internet money, etc, when the vast majority of USD in existance don't actually exist as anything more than an entry on a balance sheet.  If you want to find a pyramid scheme or magic money look no further than the gool old greenback.
fogocut21
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January 12, 2018, 01:22:25 AM
 #23

Until Segwit and LN will be fully implemented, things like that will keep happening. It may be possible to swallow the high fees, but the current confirmation time is just ridiculous. Hopefully in a few months things will look different.

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BabyFacedGuy
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January 12, 2018, 01:24:46 AM
 #24

Lots of controversy with BTC. Development is moving really slow, and this given the fact we just went through the highest jump in cryptos history is not acceptable... I'm actually not surprised press will take advantage of BTC issues at this moment
JustMissed
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January 12, 2018, 01:25:04 AM
 #25

Well that is rather embarasing for a conferance on bitcoin to not accept the verry thing there conferance is about. I have also run into many sites that sell
mining equipment and mining software that do not take bitcoin, and the main reason is transaction fees.It does need to be fixed soon.
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