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Author Topic: Coinbase CEO Brian Armstrong calls the industry to fork Bitcoin Core  (Read 9104 times)
Amph
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November 07, 2015, 03:31:24 PM
 #141

Coinbase is like a shitty bank. Bitcoin was created to be a free system. These two , are opposite entities.

Coinbase is monitoring your transactions, it's reporting you to Feds and so on...Why would I use Coinbase instead a normal credit card?

ecause normal credit cards can monitor your transactions as well, you should get rid of everything that has to do with the fiat system, and use only a wallet to spend your bitcoin

which is what everyone use bitcoin, should do

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November 07, 2015, 03:36:43 PM
 #142

I have write this before i will write it again. It seems that the business ecosystem around bitcoin are desperate to take control of the source code of it with their own developers etc. This is a fight for the soul of bitcoin. And it is clear who is with them like Roger Ver, Mike Hearn, Gavin Andressen and many more.

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November 07, 2015, 03:46:44 PM
 #143

We can't have big blocks because big blocks will centralize nodes and kill any hopes of a decentralized blockchain. It's pretty damn simple yet some people refuse to ignore this very crucial fact, for some reason.

It is true only to some degree. 1 MB is definitively insufficient, and 8 MB is bit bigger than necessary for now but still much better than 1 MB... So if there will not be consensus soon to what value/method increase the maximum blocksize, Im confident XT client wins next year because no other working solution is ready. And XT is not big deal, if necessary, the XT maximum blocksize growth can be modified later

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November 07, 2015, 04:22:01 PM
 #144

I have write this before i will write it again. It seems that the business ecosystem around bitcoin are desperate to take control of the source code of it with their own developers etc. This is a fight for the soul of bitcoin. And it is clear who is with them like Roger Ver, Mike Hearn, Gavin Andressen and many more.

War!
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November 07, 2015, 04:24:48 PM
 #145

is now war but i think this business operators did not understand that bitcoin and the people that using don't need anymore the old financial system. We want to change it or to completely destroy it and create something new.
Instead in their opinion bitcoin must change to be a small part of this old system. this is wrong.

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November 07, 2015, 04:50:03 PM
 #146

is now war but i think this business operators did not understand that bitcoin and the people that using don't need anymore the old financial system. We want to change it or to completely destroy it and create something new.
Instead in their opinion bitcoin must change to be a small part of this old system. this is wrong.

Exactly.

If you want to understand the behavior of Andresen, Hearn, and Ver* you should continue reading here:

http://www.minddisorders.com/Kau-Nu/Narcissistic-personality-disorder.html

The outlook that their condition will improve is not too bright:

Quote
Prognosis

The prognosis for younger persons with narcissistic disorders is hopeful to the extent that the disturbances reflect a simple lack of life experience. The outlook for long-standing NPD, however, is largely negative. Some narcissists are able, particularly as they approach their midlife years, to accept their own limitations and those of others, to resolve their problems with envy, and to accept their own mortality. Most patients with NPD, on the other hand, become increasingly depressed as they grow older within a youth-oriented culture and lose their looks and overall vitality. The retirement years are especially painful for patients with NPD because they must yield their positions in the working world to the next generation. In addition, they do not have the network of intimate family ties and friendships that sustain most older people.

(*) Now also known as Vearndresencoiners.

ya.ya.yo!
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November 07, 2015, 04:55:16 PM
 #147


is now war but i think this business operators did not understand that bitcoin and the people that using don't need anymore the old financial system. We want to change it or to completely destroy it and create something new.
Instead in their opinion bitcoin must change to be a small part of this old system. this is wrong.

Nicely put.

These people who instinctively map tech sector domain lessons to distributed crypto-currency activities disgust me even more than the slimy scammers in the ecosystem.  Those who march in from success in the tech sector and presume to be able guild the solution along the lines of their past activities are even worse.

Even if these slime do ultimately manage to sow and cultivate the seeds of Bitcoin's destruction I'll at least be able to take some solace in having put some of their money in my own pocket.  Crypto with a defensible core and scaling by subordinate chains is a genie which cannot be put back into the bottle.  It would be handy for me if the defensible core were Bitcoin, but it is not necessary.


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Let's talk governance, lipstick, and pigs.


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November 07, 2015, 05:02:35 PM
 #148

Who needs Coinbase? Hodl forever!

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Bitcoin replaces central, not commercial, banks


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November 07, 2015, 05:06:44 PM
 #149

Who needs Coinbase? Hodl forever!

Certainly not Bitcoin.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 07, 2015, 05:19:07 PM
 #150

Who needs Coinbase? Hodl forever!

Coinbase serves the purpose of dampening down on the developments alternate markets.  That's why it works fairly well here in the U.S..  It simply limits the growth in certain areas while corp/gov gets their ducks in a row in certain ways, and relatedly, helps tread water until the hammer comes down on internet freedoms which allow P2P to be functional.

It can be suggested that I personally am part of the problem because I use Coinbase's service, they being the path of least resistance (and me being clean and willing to pay taxes.)  I would not argue this suggestion.

I will be delighted if I can utilize my BTC stash by moving it through sidechains and hopefully use it more directly and cut out the fiat hop.  This will reduce my need for Coinbase and their ilk.  Coinbase and allied entities (e.g., the corporate banking world and government) probably do recognize that there are people in this category and consider it a danger to their control and to their profits.


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November 07, 2015, 06:18:45 PM
 #151

Someone please tell Coinbase that XT is dead in the water? Last time I looked Coinbase is not mining so what they want matters not.


Thats sad but its true.
Anyway most people don't care to cast vote (so its no)

There are people who tried to vote, but were unable to do so because their mining node or pool that had been supporting BIP 101 was DDoS'd.  A good example is Slush's pool.

https://mining.bitcoin.cz/news/update-bip101-voting-disabled-because-of-ddos-attack/
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November 07, 2015, 06:27:18 PM
 #152

Someone please tell Coinbase that XT is dead in the water? Last time I looked Coinbase is not mining so what they want matters not.


Thats sad but its true.
Anyway most people don't care to cast vote (so its no)

There are people who tried to vote, but were unable to do so because their mining node or pool that had been supporting BIP 101 was DDoS'd.  A good example is Slush's pool.

https://mining.bitcoin.cz/news/update-bip101-voting-disabled-because-of-ddos-attack/

going against consensus has a cost \_(ツ)_/

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 07, 2015, 06:33:26 PM
 #153

Coinbase is the last company in the Bitcoin ecosystem I would ever touch. Closing accounts by weird reasons, coin tracking etc etc.The list is long and the complaints about them can be read here and on reddit.
Armstrong can say whatever he wants. I will give a **** what he has to say.

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November 07, 2015, 07:02:17 PM
 #154

Coinbase is like a shitty bank. Bitcoin was created to be a free system. These two , are opposite entities.

Coinbase is monitoring your transactions, it's reporting you to Feds and so on...Why would I use Coinbase instead a normal credit card?

ecause normal credit cards can monitor your transactions as well, you should get rid of everything that has to do with the fiat system, and use only a wallet to spend your bitcoin

which is what everyone use bitcoin, should do

Yeah, I don't personally understand why people don't learn the leson and just make the effort to be their own bank by controlling their own local wallet, but some people just doesn't like the idea. If I wanted to have my BTC outside, I would trust Xapo before Coinbase for sure.
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November 08, 2015, 12:18:12 AM
 #155

I have write this before i will write it again. It seems that the business ecosystem around bitcoin are desperate to take control of the source code of it with their own developers etc. This is a fight for the soul of bitcoin. And it is clear who is with them like Roger Ver, Mike Hearn, Gavin Andressen and many more.


You are right but almost nobody listen. I said the same since 2 years ago. A bunch of people are controlling the ecosystem.

The big exchangers like Coinbase, Bitstamp, OKcoin, Bitfinex, BTC China HAVE THE SAME SHAREHOLDERS(behind the scene) ! Smiley

Also, these shareholders are controlling the BTC media like Coindesk and SatoshiDICE.


I think most of the people are blind or they dont' care. BTC is becoming a centralized system.
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November 08, 2015, 12:23:52 AM
 #156

i dont think so. They dont have so much power in their hands. They need the customers or people to use their business and they know if they try to take control of bitcoin core will split community and they will lost their money. I think we are in Nash equilibrium state.
The block size iwll be increase but not because the market want it but because bitcoin need it. is simple.

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November 08, 2015, 12:33:12 AM
 #157

Coinbase is like a shitty bank. Bitcoin was created to be a free system. These two , are opposite entities.

Coinbase is monitoring your transactions, it's reporting you to Feds and so on...Why would I use Coinbase instead a normal credit card?


+1
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November 08, 2015, 12:33:42 AM
 #158

I have write this before i will write it again. It seems that the business ecosystem around bitcoin are desperate to take control of the source code of it with their own developers etc. This is a fight for the soul of bitcoin. And it is clear who is with them like Roger Ver, Mike Hearn, Gavin Andressen and many more.


You are right but almost nobody listen. I said the same since 2 years ago. A bunch of people are controlling the ecosystem.

The big exchangers like Coinbase, Bitstam, Bitfinex, BTC China HAVE THE SAME SHAREHOLDERS(behind the scene) ! Smiley

Also, these shareholders are controlling the BTC media like Coindesk and SatoshiDICE.


I think most of the people are blind or they dont' care. BTC is becoming a centralized system.

Do they also have bitcoins? Cause if they dont....



"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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--------------->¿?


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November 08, 2015, 12:34:48 AM
 #159

I have write this before i will write it again. It seems that the business ecosystem around bitcoin are desperate to take control of the source code of it with their own developers etc. This is a fight for the soul of bitcoin. And it is clear who is with them like Roger Ver, Mike Hearn, Gavin Andressen and many more.


You are right but almost nobody listen. I said the same since 2 years ago. A bunch of people are controlling the ecosystem.

The big exchangers like Coinbase, Bitstam, Bitfinex, BTC China HAVE THE SAME SHAREHOLDERS(behind the scene) ! Smiley

Also, these shareholders are controlling the BTC media like Coindesk and SatoshiDICE.


I think most of the people are blind or they dont' care. BTC is becoming a centralized system.

Much less than with blockTHEsteam though.

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November 08, 2015, 12:42:07 AM
 #160

I have write this before i will write it again. It seems that the business ecosystem around bitcoin are desperate to take control of the source code of it with their own developers etc. This is a fight for the soul of bitcoin. And it is clear who is with them like Roger Ver, Mike Hearn, Gavin Andressen and many more.
I'd like to be included on this list please lol Grin Roll Eyes

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