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Author Topic: Bitcoin go mainstream vs keep his value ??  (Read 1360 times)
knolix (OP)
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August 19, 2015, 01:20:49 PM
 #1

What would you preferr and how much BTC you have ??

valiz
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August 19, 2015, 01:25:48 PM
 #2

What would you preferr and how much BTC you have ??
It cannot go mainstream due to technological limitations (bandwidth, storage). I don't have any BTC since I lost them in a cyber accident.  Roll Eyes

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August 19, 2015, 01:28:00 PM
 #3

What would you preferr and how much BTC you have ??

Since supply stays the same and gets halved each four years , Logically it means that if we go mainstream then the price will rise for sure since there will be more demand . so yeah I'am for mainstream

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rinhunter
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August 19, 2015, 03:11:12 PM
 #4

go mainstream ..
the price will probably go up but at least bitcoin will evolve.
I did not have until 1 BTC I always wd when it reached 0.5
ticoti
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August 19, 2015, 03:23:16 PM
 #5

Why would someone want bitcoin to keep his value?
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August 19, 2015, 03:28:23 PM
 #6

In its current state bitcoin can't even reach a niche adoption not to mention full mainstream acceptance. In addition our situation with core vs. xt is pretty devastating and tarnish bitcoin reputation even further.
No new businesses and companies will embrace bitcoin in present state, block size debate must be resolved fast.


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LiteCoinGuy
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August 19, 2015, 03:29:42 PM
 #7

it cant go mainstream and stay at (250 USD).

here is the secret:

either ZERO or MUCHO.


https://www.youtube.com/watch?v=g2nXgK34HIM

BillyBobZorton
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August 19, 2015, 03:44:32 PM
 #8

it cant go mainstream and stay at (250 USD).

here is the secret:

either ZERO or MUCHO.


https://www.youtube.com/watch?v=g2nXgK34HIM
This. Mainstream means we all become millionaires. There's no other way, mathematically. Adoption in BTC means price increase. It's the reward of being an early investor into something that doesn't have a rigged final supply.
Luqman
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August 19, 2015, 03:50:51 PM
 #9

Go mainstream, we'll see the price goin' higher..
Slark
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August 19, 2015, 03:55:20 PM
 #10

Go mainstream, we'll see the price goin' higher..
Bitcoin won't go mainstream, not as bitcoin at least, it will be changed to the liking of the power players behind the scenes.
Big fishes won't allow present bitcoin to rule it is too dangerous to have 'free money' and to be frank they can't do anything now because bitcoin is killing itself.
novadragon
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August 26, 2015, 08:43:18 AM
 #11

I currently have a 0.3 BTC, I prefer that bitcoin is more known in the community again Smiley
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August 26, 2015, 11:50:26 AM
 #12

It's a difficult question to answer honestly, because most of the people who claim it "can't" go mainstream are only saying that because don't want it to go mainstream for purely selfish and greedy reasons.  They want Bitcoin to only benefit the early adopters and whales.  They think they can burn the drawbridge behind them now that they're "safe".  An exclusive Bitcoin blockchain just for them and third party payment channels (not entirely dissimilar to Ripple) for everyone else.  Those who care more about Bitcoin's utility and the disruptive potential it holds believe it can go mainstream if the elitists don't try to hijack it by artificially crippling it to further their own ends.  It's not all about the price in fiat.

Hence all the forum drama.  Ideals are strongly contested.

All the people who insist that Bitcoin will die a horrible death with a larger blocks always seem to conveniently forget that it originally had a 33.5MB blocksize, not 1MB.  It would still be running just as fine as it is now with 33.5MB blocks and yet everyone's losing their fucking minds quibbling over 8.  What's the real goal behind that drama?  Greed. 


"Fuck the rest of the world, I've got something that benefits me and I don't want to share".  Those are the true motives at play here:

link
Quote from: davout on March 10, 2015, 11:14:35 AM
Because it is my considered opinion that Bitcoin is perfect as it is and that it doesn't need to be "fixed" to provide tremendous value to humanity at large.

It's time to be greedy and defend our safe-haven

I see a fair amount of utility in having an XT fork which siphoned off a sizable number of 'bitcoiners' who are deeply ignorant about the principles of the system and are mostly MultiBitch-class users who add no value.

the peasants' desire to trade security for adoption is met with indifference/hostility/scorn from the people who matter.

Keep Bitcoin Elite!™


Quote from: Mircea Popescu
XIV. We all agree.

Good for you, too bad you're irrelevant. Bitcoin is about money and about power, not about opinion and social media. You can agree until you are blue in the face, that's not what makes a difference. Your public humiliation on this score - in case your shepherd be dumb enough to actually take the field and be humiliatedii - should be instructive for you.

Take notice on the why and the how you don't matter, understand why "MP doesn't cater to my idiocy which makes me want to support anything else" doesn't actually do anything, break through the shell of your own idiocy and start actually developing as a human being already. Going by your infantile behaviour this is clearly the first time you had the chance, but going by the messy state of the world around you it might actually be your last, too. Try and make the best of the very little you have at your disposal.

Bitcoin isn't for everybody.

Disgusting.  Abhorrent.  Bullshit.

Their argument has been backwards from the start.  They're saying that people who support larger blocks want to change the way Bitcoin works and that they need to justify that change.  But in reality, support for larger blocks is only ensuring Bitcoin continues to work in the same way it works now and always has done.  A permissionless blockchain that's open to all.  That's what we signed up for.  It's the anti-fork crowd that need to justify forcing full blocks onto everyone and the only reason they can come up with is that it guarantees security for them and no one else matters.  If you only want Bitcoin to benefit early adopters and risk driving everyone else away, then oppose larger blocks.  But if you want an open system that's available for anyone to use, you'll support larger blocks. 

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August 26, 2015, 12:03:36 PM
 #13

What would you preferr and how much BTC you have ??

obviously i would prefer it goes mainstream, everything that leads to mass awareness and mass usage of bitcoin is good IMO.

What would you preferr and how much BTC you have ??

Since supply stays the same and gets halved each four years , Logically it means that if we go mainstream then the price will rise for sure since there will be more demand . so yeah I'am for mainstream

supply is increasing every day that passes the thing that is being halved is the block reward which means that supply will be  increasing at lower rates.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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August 26, 2015, 04:07:15 PM
 #14

What would you preferr and how much BTC you have ??

I have around 0.9 BTC and I would prefer that it keeps its value and keeps offering earning possibilities. It would be nice to see it mainstream too, but if I had to choose, I came in looking for another income method, and that requires a good Bitcoin value.

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August 27, 2015, 09:25:46 PM
 #15

...
I see a fair amount of utility in having an XT fork which siphoned off a sizable number of 'bitcoiners' who are deeply ignorant about the principles of the system and are mostly MultiBitch-class users who add no value.
...

Disgusting.  Abhorrent.  Bullshit.

Their argument has been backwards from the start.  They're saying that people who support larger blocks want to change the way Bitcoin works and that they need to justify that change.  But in reality, support for larger blocks is only ensuring Bitcoin continues to work in the same way it works now and always has done.  A permissionless blockchain that's open to all.  That's what we signed up for.  It's the anti-fork crowd that need to justify forcing full blocks onto everyone and the only reason they can come up with is that it guarantees security for them and no one else matters.  If you only want Bitcoin to benefit early adopters and risk driving everyone else away, then oppose larger blocks.  But if you want an open system that's available for anyone to use, you'll support larger blocks.  


The 'open to all' is EXACTLY the reason I feel as I do.  I am very confident that if bitcoin bloats under the incorrect notion that 'open to all' means 'open to all for free' rather than 'open to all who are willing to support it' it will NOT be 'open to all' by any stretch.

I practice what I preach.  I try to pay the equiv of around $10 per transaction in fees.  This figure would result in a fee reward to infrastructure supporters which is big enough to keep them interested but small enough to not justify football sized datacenters.  It is also a terrific deal for me both in terms of costs compared to international wires, and in performance (minutes rather than days.)

I also long to re-join my 'peasant' peers and am very much looking forward to sidechains where I can micro-tip and buy coffee and what-not without fucking up the system.

I would also be happy to use XT from my Google Wallet and get 'cash back' and other 'free' perks for allowing them to spy on me and cut me off from supporting 'insurgent' entities (like Wikileaks who I feel is doing the U.S. a great service.)  I simply don't want that to be my only option.

---

I will repeat that 'Multibitch-class' users ad no value to the core system.  They are simply drones who, at best, push Bitcoin into a form I don't like.  At worst the will act, unbeknownst to themselves, as a botnet to DDOS the supporters I do respect.

Where I don't practice what I preach at this point is that I don't actively support the system.  Even at the 1MB setting, it is impractical for bandwidth reasons to run a full node behind my $80/mo broadband connection.  As for contributing anything in the way of code, testing, etc, as long as Hearn (who I consider to be a rat bastard) and Andresen (who I consider to be Hearn's philosophically retarded poodle) have anything to do with Bitcoin it's simply not worth wasting my efforts over.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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August 27, 2015, 09:39:43 PM
 #16

Bitcoin will go mainstream and I don't see who will prevent this.

The governments? I don't think so, I don't think they will bother with us. I am not one of those who thinks that we need to replace the current financial system in order to succeed. I think that we can complement the current financial system and add value to it. Yes, we will replace some services that are being used at the moment, but this is what progress is. Of course, first we need to solve our internal problems, but this is what progression means as well.

The blockchain is here to stay, in this form or another, everybody remember that and it will make it mainstream.
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August 27, 2015, 09:57:53 PM
 #17

I try to pay the equiv of around $10 per transaction in fees.  

and I pay currently 0.01 BTC as a fee since that was worth it for the service I get.

Wait, what?  Did you suddenly get more generous in the last few days?


...
I see a fair amount of utility in having an XT fork which siphoned off a sizable number of 'bitcoiners' who are deeply ignorant about the principles of the system and are mostly MultiBitch-class users who add no value.
...

Disgusting.  Abhorrent.  Bullshit.

Their argument has been backwards from the start.  They're saying that people who support larger blocks want to change the way Bitcoin works and that they need to justify that change.  But in reality, support for larger blocks is only ensuring Bitcoin continues to work in the same way it works now and always has done.  A permissionless blockchain that's open to all.  That's what we signed up for.  It's the anti-fork crowd that need to justify forcing full blocks onto everyone and the only reason they can come up with is that it guarantees security for them and no one else matters.  If you only want Bitcoin to benefit early adopters and risk driving everyone else away, then oppose larger blocks.  But if you want an open system that's available for anyone to use, you'll support larger blocks.  


The 'open to all' is EXACTLY the reason I feel as I do.  I am very confident that if bitcoin bloats under the incorrect notion that 'open to all' means 'open to all for free' rather than 'open to all who are willing to support it' it will NOT be 'open to all' by any stretch.

Every single time it comes back to paranoia about free transactions.  I don't care if free transactions get shoved off onto a third party payment network, but if a fee is paid, even an average one, the purpose of that fee is for a miner to confirm the transaction and secure it directly on the blockchain.  Not to shove it off to some third party.  Not to guess what fee you need to pay to make it in to the next block.  Not to wait if you guess wrong.  Not to provide a shitty service for the average user.  Not to turn the forum into a massive clusterfuck of "Bitcoin is slow and expensive" (the opposite of what it is now).  That's what you'll get if you try to run the network constantly with full blocks.  If people keep suggesting that a fee market alone suddenly makes bitcoin scalable, they're simply deluded.  Taking that route just means we'll be having this argument again later and it'll be much easier next time around when it's proven beyond all doubt you're wrong.  

I'm not saying let's have an unlimited system and free shit for all.  I don't think anyone is saying that.  I'm saying let's have a realistic blocksize that reaches a fair compromise between security and capacity.  

Hint:  that compromise sure as hell isn't as small as possible to make a few early adopters wealthy and screw everyone else over.

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AtheistAKASaneBrain
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August 27, 2015, 10:02:10 PM
 #18

@DooMad, if Bitcoin had a 33MB blocksize now it would be a disaster. Back in the day it wasn't a problem because only 4 geeks used it, now Bitcoin is under attack constantly because it's the biggest disruptor since the internet. The fact the blocksize is being evaluated this much is because we need to do it accordingly. Actually satoshi made it 1MB when bitcoin started getting more people and he saw the risks of a big blocksize.
uxgpf
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August 27, 2015, 10:04:14 PM
Last edit: August 27, 2015, 10:22:50 PM by uxgpf
 #19

Even at the 1MB setting, it is impractical for bandwidth reasons to run a full node behind my $80/mo broadband connection.

Now you lost me. I run a fully validating node and once the blockchain has synced it's around 4-10kB/s up and down, so barely noticeable.
That's about 0.2%/1% of my available bandwidth on 50/10 Mb. ($25 month)

With my current home connection it would be likely manageable up to full 32MB blocks.

PolarPoint
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August 27, 2015, 10:08:09 PM
 #20

I only have about 3 btc and i would like it go mainstream not for profits, but because it is a good payment system. Bitcoin can keep the current value until all the infrastructure is ready, then adoption will slowly pull prices up.
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