ToominCoin aka "Bitcoin_Classic" #R3KT

[hdbuck]

Introducing Maxwell Maximalism   

https://twitter.com/adam3us/status/740124940062576640

in my experience disagreeing with gmaxwell on technical matters, invariably means you are misunderstanding something. even for me.

rbtc FUD machine #REKT

[iCEBREAKER]

Introducing Maxwell Maximalism   

https://twitter.com/adam3us/status/740124940062576640

in my experience disagreeing with gmaxwell on technical matters, invariably means you are misunderstanding something. even for me.

rbtc FUD machine #REKT

omg so epic; literally dying   

Now do the boating one!  That pic is begging for swagification...

[hdbuck]

Introducing Maxwell Maximalism   

https://twitter.com/adam3us/status/740124940062576640

in my experience disagreeing with gmaxwell on technical matters, invariably means you are misunderstanding something. even for me.

rbtc FUD machine #REKT

omg so epic; literally dying   

Now do the boating one!  That pic is begging for swagification...

ah sry it wasnt me: https://twitter.com/nullc_

[Lauda]

It seems like KnC has shut down their miners, and the Classic hashrate has dropped at Slush. Time to wave goodbye; their total hashrate (in %) will drop quickly. On other interesting news, CSV support at: 81.17%.

[chopstick]

Meanwhile, ETH is up. Great job guys. I'm sure Segwit/LN will be deployed on time with no problems and 100% user adoption in No time

[StraightAArdvark]

It seems like KnC has shut down their miners, and the Classic hashrate has dropped at Slush.

Not seeing it http://blockinfo.org/pools

24hr is actually up from 7d.

[iCEBREAKER]

I'm sure Segwit/LN will be deployed on time with no problems and 100% user adoption in No time

Segwit, besides fixing malleability and providing a dozen other benefits, will act as an indicator of how much we need larger blocks.

Segwit is on the way....Slush just took Klassik's last hope out back and shot it:

https://twitter.com/slush_pool/status/740303073478770689

Slush Pool ‏@slush_pool

@bitcoincoreorg being deployed right now.we support #bitcoin #SoftFork (r)evolution

*Gavinista butthurt intensifies*   

[Lauda]

Not seeing it http://blockinfo.org/pools

24hr is actually up from 7d.

I don't know about that website, but I've personally checked on one that is supportive of Classic (so I assume that information would be valid). If you take a look at the grid found here, there hasn't been a single Classic block in the last 4 rows (4x40 blocks).

[JayJuanGee]

Meanwhile, ETH is up. Great job guys. I'm sure Segwit/LN will be deployed on time with no problems and 100% user adoption in No time

You gotta be fairly ill-informed to consider ETH as some kind of meaningful threat to bitcoin when considering the various upcoming scaling and innovative improvements in bitcoin's near future (including the havening of BTC's new supply situation, too), despite some of the recent ETH pumping efforts..  In other words, if you are looking at these kinds of short term price moves, you are getting a bit distracted by the trees rather than attempting to see the forest.

You are gambling considerably if you either hold significant quantities of ETH or you are investing in significant amounts into ETH at this point (in comparison to BTC)... Sure it is possible that ETH could 2x or 3x again, but it's downside seems a lot greater than BTC's downside potential.. .think about it? 

From our current price point, which one is more likely to reduce in price by 50% or more?  ETH or BTC?    I am not sure about what odds I would place, but it seems pretty decent odds that ETH is more likely to go down 50% or more rather than BTC... maybe 90/10 - ish?

Currently, I don't have any money in ETH, and my opinion is that if you are brave enough to put any more than 10% of your total crypto holdings into ETH you are gambling in a fairly irresponsible way with your personal finances that is more likely than not to end in significant financial losses.

Surely as individuals we have a right to exercise discretion over our own personal finances and the risks that we are willing to take, and with any gambling there is a probability that your position could pay off more than a more conservative approach, such as mine.

[beastmodeBiscuitGravy]

Meanwhile, ETH is up. Great job guys. I'm sure Segwit/LN will be deployed on time with no problems and 100% user adoption in No time

You gotta be fairly ill-informed to consider ETH as some kind of meaningful threat to bitcoin when considering the various upcoming scaling and innovative improvements in bitcoin's near future (including the havening of BTC's new supply situation, too), despite some of the recent ETH pumping efforts..  In other words, if you are looking at these kinds of short term price moves, you are getting a bit distracted by the trees rather than attempting to see the forest.

You are gambling considerably if you either hold significant quantities of ETH or you are investing in significant amounts into ETH at this point (in comparison to BTC)... Sure it is possible that ETH could 2x or 3x again, but it's downside seems a lot greater than BTC's downside potential.. .think about it? 

From our current price point, which one is more likely to reduce in price by 50% or more?  ETH or BTC?    I am not sure about what odds I would place, but it seems pretty decent odds that ETH is more likely to go down 50% or more rather than BTC... maybe 90/10 - ish?

Currently, I don't have any money in ETH, and my opinion is that if you are brave enough to put any more than 10% of your total crypto holdings into ETH you are gambling in a fairly irresponsible way with your personal finances that is more likely than not to end in significant financial losses.

Surely as individuals we have a right to exercise discretion over our own personal finances and the risks that we are willing to take, and with any gambling there is a probability that your position could pay off more than a more conservative approach, such as mine.

You pretty much nailed it JJG, as per usual. With a 90% chance of falling 50%, it's time to short it hard.

Personally, I prefer holding Monero (XMR) as a vehicle to capture gains from investment that won't be moving to a growth-capped BTC. It has an Adaptive Blocksize, donchaknow.

[iCEBREAKER]

In today's Classic Comedy of Errors, Altcoin Jesus makes a Sensor Ship Martyr fuss about reddit's sitewide Cointelespam ban.  

https://twitter.com/ErikVoorhees/status/740590787843358720

Hilarity ensues as our #DramaQueen (and former Paycoin provider) struggles to understand the simple words BashCo uses to explain why his false accusation is blowing up in his face.

http://moneyandstate.com/mea-culpa/

"But muh Sensor Ships!" - Voorhees, basically

Behold, the spectacle of Professional Libertarian Eric Voorhees repeatedly violating a private site's terms of service!  What a FSA socialist!

His trolling/FUD/vote brigading is obviously intentional, regardless of the minutia.

This isn't the first "oops I accidentally all the obvious fraud profit" mea culpa we've seen from Eric.

Here's another: https://www.reddit.com/r/Bitcoin/comments/2r5irw/shapeshiftio_official_announcement_re_paycoin/

And another: https://twitter.com/ErikVoorhees/status/705868361163415552

Shapeshift profits from increased volume when the Klassik Klowns stir up Bitcoin-Is-Dooomed drama.

IMO more than a one day suspension was warranted.  But that's up to Reddit admins, because it's private property.  

[QuestionAuthority]

Personally, I prefer holding Monero (XMR) as a vehicle to capture gains from investment that won't be moving to a growth-capped BTC. It has an Adaptive Blocksize, donchaknow.

kind of funny
icebreaker=monero fan.
gmaxwell = monero fan..

but they are publicly all lobbying to not have any changes to bitcoins blocksize, while enjoying monero..

hypocrits

Do you ever say anything even remotely valuable? I said years ago that I hate to put anyone on ignore for fear they will spark some kind or great debate and ignore greys out any threads they start. I'm going to risk it with you because I can't see it as much of a risk.

[JayJuanGee]

Meanwhile, ETH is up. Great job guys. I'm sure Segwit/LN will be deployed on time with no problems and 100% user adoption in No time

You gotta be fairly ill-informed to consider ETH as some kind of meaningful threat to bitcoin when considering the various upcoming scaling and innovative improvements in bitcoin's near future (including the havening of BTC's new supply situation, too), despite some of the recent ETH pumping efforts..  In other words, if you are looking at these kinds of short term price moves, you are getting a bit distracted by the trees rather than attempting to see the forest.

You are gambling considerably if you either hold significant quantities of ETH or you are investing in significant amounts into ETH at this point (in comparison to BTC)... Sure it is possible that ETH could 2x or 3x again, but it's downside seems a lot greater than BTC's downside potential.. .think about it? 

From our current price point, which one is more likely to reduce in price by 50% or more?  ETH or BTC?    I am not sure about what odds I would place, but it seems pretty decent odds that ETH is more likely to go down 50% or more rather than BTC... maybe 90/10 - ish?

Currently, I don't have any money in ETH, and my opinion is that if you are brave enough to put any more than 10% of your total crypto holdings into ETH you are gambling in a fairly irresponsible way with your personal finances that is more likely than not to end in significant financial losses.

Surely as individuals we have a right to exercise discretion over our own personal finances and the risks that we are willing to take, and with any gambling there is a probability that your position could pay off more than a more conservative approach, such as mine.

You pretty much nailed it JJG, as per usual. With a 90% chance of falling 50%, it's time to short it hard.

Call me an amateur investor (trader).  So far in my trading career, I have only opened and closed longs and mostly just in BTC, and I don't engage in shorting of anything.  Therefore, I don't really have any stake in ETH because I have not bought any, so I cannot sell, and I do not plan to open any short in respect to ETH. 

Accordingly, my discussion of my view of ETH probabilities reflects my general assessment of it, mostly regarding opening long positions and/or responding to Chopstick's assertion that BTC is somehow losing out to short term ETH price movements... which I doubt that short term ETH price movements reflects any meaningful threat to bitcoin's current viability.

Personally, I prefer holding Monero (XMR) as a vehicle to capture gains from investment that won't be moving to a growth-capped BTC. It has an Adaptive Blocksize, donchaknow.

Your assertion about bitcoin being "growth-capped" seems to be based on pure fantasy rather than facts and/or logic, so your starting premise above seems a bit screwy to me.

I don't claim to know much of anything about any of the various alt coins, whether it is Monero or any other alt coin, and surely a person can make short-term profits from various alt coins, but in doing so, they also potentially may miss out on growth opportunities with bitcoin, too (isn't that called opportunity costs?). 

In any respect, bitcoin seems to remain the most solid of the cryptos in balancing both upside and downside potentialities, and likely, to the extent that any alternative cryptos bring innovations to the cryptocurrency space, bitcoin is likely going to be able to absorb those through rootstock and other technical innovations that seem to be either on the table or in the planning stages.

[Cryddit]

Is censorship a serious problem?  'Cos I don't give a damn about the sides in the debate, and I could put up a fair forum to discuss cryptocurrency.  I would cheerfully do so if people make it worth my time and recoup my bandwidth expense by contributing half the revenue from any signature ads (which might have the additional benefit of reducing the incentive to place signature ads).

I would cheerfully delete posts that bring up topics strictly forbidden on given forum sections, but every topic specifically forbidden in a given section would be specifically allowed in some other section.  Also, in the interest of NOT allowing monitoring of who's reading which threads, I would insist that all signature ads be the same size (in packets and pixels, not necessarily in bytes) and served from the same machine (over https).

Bluntly, I am no longer a partisan.  I used to care about the block size debate, but I don't care any more.  I care (a little) about banal rudeness and (a lot) about any issues that impair the forum's usability, but any rules about such things would be the exactly the same for everyone regardless of what position they take in any debate.

[Carlton Banks]

I could put up a fair forum to discuss cryptocurrency. 

do it, then

[iCEBREAKER]

Is censorship a serious problem?

No, censorship is not a serious (or even real) problem.

The moderation here is very light-handed, with a few random exceptions when mprep has been drinking or whatever.

The intentional conflation of censorship and moderation was being used as a red herring and wedge issue in the Gavinistas' social engineering attack on Bitcoin's public forums and governance structures.

It's not fun watching super-smarty-pants world class crypto guys (Backamoto, Gmax, Cryddit) fall hook, line, and sinker for the censorship martyrs' cries of "help help I'm being repressed!"

That tactic was crafted to appeal to cypherpunk "information wants to be free" sentiments, and it worked better than anything else XT or Klassic did.   

Kudos to Thermos for sticking to his guns and not letting the bastards get him down!

[BlindMayorBitcorn]

So...  I'm out.  And I'm pretty sure I'm not the only one.

How'd you cash out your swag?

House repairs, and three years tuition set aside for a Ph.D program.

I don’t envy your timing.

[JayJuanGee]

So...  I'm out.  And I'm pretty sure I'm not the only one.

How'd you cash out your swag?

House repairs, and three years tuition set aside for a Ph.D program.

I don’t envy your timing.

In retrospect, especially, the timing looks really bad, and sure that is what happens when folks overinvest, and also decide to make rash moves, rather than investing and disinvesting in increments...

[Lauda]

No, censorship is not a serious (or even real) problem.
The moderation here is very light-handed, with a few random exceptions when mprep has been drinking or whatever.

Indeed. I'd even say: 'Too light-handed'.

Meanwhile, ETH is up.

You're wasting your time trying to promote trash like ETH. I truly wonder why "banksters" are pushing ETH through and trying to use it again Bitcoin.

Not seeing it http://blockinfo.org/pools

24hr is actually up from 7d.

Nevermind; it seems like KNC is still mining somehow, but the total hashrate is under 5%. The number of Classic nodes is under 700 now.

[alani123]

Is censorship a serious problem?  'Cos I don't give a damn about the sides in the debate, and I could put up a fair forum to discuss cryptocurrency.  I would cheerfully do so if people make it worth my time and recoup my bandwidth expense by contributing half the revenue from any signature ads (which might have the additional benefit of reducing the incentive to place signature ads).

Feel free to do that, but don't expect much traffic. Demand for this ha salready been satisfied by other forums, but those are almost exclusively populated by people in support of big blocks. There's no censorship in bitcointalk in the first place, unless you'd classify moving topics promoting bitcoin classic in altcoin boards as censorship. Reddit is another story but it's also not that much of a forum. Given that most of the content there is direct links, meaningful moderation to keep communities on topic is useful. But other subreddits have been created there as well.