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knight22
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November 05, 2015, 03:32:44 PM |
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Yeah they are psychopath because they don't want to see their investment vanish and their businesses to go bankrupt Bitcoin is a free market tool. The industry will choose which implementation is best for it, not the other way around. Businesses needs capacity, that's all. All the fear about centralization is no more than exaggerated FUD.
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CIYAM (OP)
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November 05, 2015, 03:34:37 PM |
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Yeah they are psychopath because they don't want to see their investment vanish and their businesses to go bankrupt Oh - then why does Mike Hearn keep saying he doesn't have any much Bitcoin (and he is not the owner of any business is he)?
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pedrog
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November 05, 2015, 03:34:51 PM |
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Isn't there already a CEO in charge of bitcoin, the Blockstream CEO?
How dare another CEO wanting to control bitcoin?!
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knight22
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November 05, 2015, 03:37:46 PM |
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Yeah they are psychopath because they don't want to see their investment vanish and their businesses to go bankrupt Oh - then why does Mike Hearn keep saying he doesn't have any much Bitcoin (and he is not the owner of any business is he)? No, he is just a coder. Who he are, what he does in his life and how much bitcoins he hold is irrelevant to the code that will be used by the industry.
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CIYAM (OP)
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November 05, 2015, 03:38:57 PM |
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Yeah they are psychopath because they don't want to see their investment vanish and their businesses to go bankrupt Oh - then why does Mike Hearn keep saying he doesn't have any much Bitcoin (and he is not the owner of any business is he)? No, he is just a coder. Who he are, what he does in his life and how much bitcoins he hold is irrelevant to the code that will be used by the industry. So he is not relevant to your comment about "their investment vanish" - who is (my guess - the people that pay him)?
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Snail2
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November 05, 2015, 03:39:56 PM |
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Apart from babbling about the necessity of BIP 101, what they can do against the will of the majority? If they can't persuade the miners they can keep talking what they want and as much they want but that's not going to move their case anywhere.
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notbatman
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November 05, 2015, 03:41:20 PM |
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Well, all the scam mining companies that robbed us collectively out of massive sums of money with their lies are definitely sociopaths and probably psychopaths too.
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knight22
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November 05, 2015, 03:43:31 PM |
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Apart from babbling about the necessity of BIP 101, what they can do against the will of the majority? If they can't persuade the miners they can keep talking what they want and as much they want but that's not going to move their case anywhere.
If the businesses that sells the most coins to the public decide to fork, miners will follow. There is no doubt about that.
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CIYAM (OP)
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November 05, 2015, 03:44:36 PM |
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If the businesses that sells the most coins to the public decide to fork, miners will follow. There is no doubt about that.
I don't see any Chinese following this - so no - total US attempt at a takeover that will lose (you seem to have not understood that the most BTC is being traded in China not the US).
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knight22
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November 05, 2015, 03:48:12 PM |
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So he is not relevant to your comment about "their investment vanish" - who is (my guess - the people that pay him)?
I'm not sure to understand you point. I don't think Mike Hearn is being paid by anyone of these businesses. At least not of right now.
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CIYAM (OP)
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November 05, 2015, 03:49:13 PM |
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I'm not sure to understand you point. I don't think Mike Hearn is being paid by anyone of these businesses. At least not of right now.
So you think he works for nothing? (I'd suggest you look a little deeper)
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knight22
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November 05, 2015, 03:50:25 PM |
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If the businesses that sells the most coins to the public decide to fork, miners will follow. There is no doubt about that.
I don't see any Chinese following this - so no - total US attempt at a takeover that will lose (you seem to have not understood that the most BTC is being traded in China not the US). Miners will go where the big bucks are. Plain and simple. Or put it simpler, hash rate will go where the big bucks are, irrespective of the actual Chinese miners.
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pedrog
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November 05, 2015, 03:50:30 PM |
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Apart from babbling about the necessity of BIP 101, what they can do against the will of the majority? If they can't persuade the miners they can keep talking what they want and as much they want but that's not going to move their case anywhere.
And why should only one company be deciding bitcoin development, every player in the business should have an input. Coinbase business is injured because all of these delays in transaction confirmation, and this is happening because Blockstream hijacked bitcoin development and are now creating a necessity for their business by not increasing block size. And you're right there's very little they can do, íf a company wants to have anything to say about the bitcoin development it has to buy all the developers, touché Blockstream.
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CIYAM (OP)
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November 05, 2015, 03:52:20 PM |
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Miners will go where the big bucks are. Plain and simple. Or put it simpler, hash rate will go where the big bucks are, irrespective of the actual Chinese miners.
The "big bucks" are in China (another plain and simple point you seem to have missed). How did BTC ever get to over 1000 USD - China - how has BTC suddenly jumped up in value recently - again China - you seem to really have a trouble with China. Don't like Chinese people?
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knight22
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November 05, 2015, 03:54:15 PM |
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Miners will go where the big bucks are. Plain and simple. Or put it simpler, hash rate will go where the big bucks are, irrespective of the actual Chinese miners.
The "big bucks" are in China (another plain and simple point you seem to have missed). How did BTC ever get to over 1000 USD - China - how has BTC suddenly jumped up in value recently - again China - you seem to really have a trouble with China. Don't like Chinese people? My guess is that the Chinese exchanges will follow too as they also need capacity for the exact same reasons.
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CIYAM (OP)
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November 05, 2015, 03:56:04 PM |
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My guess is that the Chinese exchanges will follow too as they also need capacity for the exact same reasons.
My guess is that the Chinese are not going to be bullied by the US and there is no actual need for the capacity (as trading on exchanges is not done on the blockchain). Very few people are actually using BTC for normal txs - it is simply not convenient and the fees to get your BTC make it actually a stupid idea (this whole argument about needing more volume of txs is actually just rubbish).
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Cuidler
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November 05, 2015, 03:57:03 PM |
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Seems obvious that the powers that be are scared as hell of Bitcoin and have an agenda to centralize Bitcoin as much as possible to control it at will. Just look at videos like this:
They are scared and want to do something about it, a trojan like XT and or big ass blocks seem like the best way to stop Bitcoin being decentralized.
Please stop this nonsence. Litecoin proved Bitcoin can switch to 4MB with no security risks. Actually it would be highly beneficials for Bitcoin users to have 4MB maximum blocksize right now because it means your transaction does not need to wait few blocks because blocks are full already quite often (I saw last six blocks each 950KB recently ).
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Mjbmonetarymetals
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November 05, 2015, 03:57:31 PM |
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Bitrated user: Mick.
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