Quote Of The Day

[BitcoinNational]

Medium of Exchange. Wikipedia says a medium of exchange must possess the following attributes to be widely accepted and stable as a medium of exchange:

    Value common assets
    Common and accessible
    Constant utility
    Low cost of preservation
    Transportability
    Divisibility
    High market value in relation to volume and weight
    Recognizability
    Resistance to counterfeiting

Bitcoin clearly fails in a couple of these areas (common and accessible, low cost of preservation, recognizability), but astoundingly exceeds in others (counterfeiting resistance, divisibility, transportability). Many of these failures at the moment will get much better over time. Technology always starts out inaccessible and expensive to maintain and manage. Costs go down over time and the same will happen for Bitcoin although mining sure puts a wrinkle in that equation. Many people focus on one part of the “medium” of exchange though, which the fart-smelling pundits from Bitcoin Uncensored constantly repeat, is just a message passing system and nothing spectacularly innovative or interesting.

https://medium.com/@brianhoffman/bitcoin-money-or-a-waste-of-time-321767f2a4c7#.d6v6jamvs

[BitcoinNational]

Quote Of The Day thread added to
TALK thread OP
https://bitcointalk.org/index.php?topic=864994

tips available
just post address

[LadangGalau]

Monero is dead.

My favourite one so far ! I would however replace "Trolls on Bitcointalk" by "Wise people on Bitcointalk".

[BitcoinNational]

speak_ing of hackers ... the uberl337 ONE goes by the handle 'The Owner'

Paul Vernon allegedly speaks
http://www.miaminewtimes.com/news/cryptsy-founder-paul-vernon-speaks-out-about-millions-in-lost-customer-funds-8568540

I wish they would have asked him about his recently attempt to steal 15,000 UNO from Cryptsy.

Judgement red flag: When your cryptocurrency start-up has one year of success so you buy a $1,100,000 mansion.

I personally think the interesting story here is how he moved all that dinero through Coinbase without so much as wrinkle forming on Brian Armstrong's penis-shaped head.

[papa_lazzarou]

Does anyone have a print screen of BitcoinEXpress promising to kill monero? I tried to find it but he deleted all his bullshit...

https://bitcointalk.org/index.php?topic=789978.0

 

[jwinterm]

Does anyone have a print screen of BitcoinEXpress promising to kill monero? I tried to find it but he deleted all his bullshit...

https://bitcointalk.org/index.php?topic=789978.0

 

Here ya go:
https://web.archive.org/web/20140920231925/https://bitcointalk.org/index.php?topic=789978.0


Edit:
And here's my quote for the day:

...
I do think that Monero is probably the best altcoin right now, since it actually does something major that Bitcoin doesn't, even if its scaling is terrible and it'll probably be replaced by a Bitcoin sidechain someday. Achieving Monero-style anonymity for everyone should be a long-term goal of Bitcoin.

[BitcoinNational]

Anyone holding eth should feel lucky for maintaining a value equal to or above $7 usd. Honestly, I can't see a world where eth maintains that value, sadly.

reality is baseline was 75-cents, but yeah this n00b called the current market, $7 bust that and it is a slick slide down.

[BitcoinNational]

weekend is for humour

You gotta fight him first

I called him out a while back a few times..
I said Butterin.. It's ON !
Meet me at the flag pole at 3:pm
I said.. prepare for a beating you can not prepare for !

..he never showed up  

Oh but hey.. what News ?
Did some new thing go down since the DAO fork business i missed ?

I'm still obliged to tip :]

just post an address in you post (bonus if in your signature line)

example
TALK CRjt8BZu5a7YYNc4yCXD9SqztQcSjwn5eZ

VITACHU

[BitcoinNational]

it's all about getting as much bitcoin as possible out of the gullible before the supply of gullible people stops. that's the killer app of any alt.

agree / disagree

in the end there will be a token for everyone, but how many networks/blockchains is up for grabs ... yeh lots o shit coins ... but a few of them will turn into golden chains

[generalizethis]

"military science assumes that the bigger the army, the stronger it is. On the other hand, only vaguely do they recognize that during military combat the final strength of an army is also its true physical capacity multiplied by one unknown x. This x is none other than the spirit of the troops measured as the greater or lesser desire to fight and confront danger. Men with the desire to fight, who also understand why they are fighting, regardless of who they are fighting, whether under the command of military geniuses or those of normal intelligence, fighting with clubs or with machine guns that fire thirty rounds a minute, these men will put themselves under the most advantageous conditions for fighting and they will triumph."

--Tolstoy, War and Peace

https://www.youtube.com/watch?v=ZfgeryW4R6c

[BitcoinNational]

Bitcoin would hard fork if the encryption protocol was broken tomorrow and everyone's coins ended up in one address. So no, the philosophies aren't the problem. It's the people who manage it. Whether it be 1, 2, 10 or 10 billion people.

??

BTC would not hard-fork if you mistakenly sent $100mill to the wrong address (The GOX funds).

ETH is hard-forking because they sent $100mil to the wrong address (The DAO address).

There is a big difference in the philosophies.

quicker to the point

“[G]oing from ‘The DAO is based on Unstoppable Code’ to ‘if we screw up badly enough, WE WILL FORK YOU’ is a big change that shouldn’t be taken lightly.”  ---Peter Todd

[generalizethis]

first quote in the thread
time is bitcoin time is altcoin
everyday every time hunting money via bitcoin and via altcoin
i like bitcoin i like altcoin incrase much money beuase bitcoin and altcoin
succes with bitcoin and altcoin

Bot-on! (personably, I hate puns)

[BitcoinNational]

Bot-on!

I can't decide if this is a scam or not. I'm not kidding it is an honestly unfair coin apparently hehe

I agree. "Honestly unfair" LOL.

It is one of he most interesting not-quite-sure-if-this-is-a-scam coins ever.

Is it a scam if they basically tell you up front they are scamming you?

Tricky and interesting.

[eneilwex]

"With Bitcoin, We're Sending a Message," Says Swiss Town Mayor

The considerable media coverage that followed the city council’s move surprised Zug’s mayor, Dolfi Müller. Zug had already garnered a reputation for being innovation-friendly with relaxed controls and regulation. Zug residents will be able to make payments of up to 200 Swiss francs ($205) using Bitcoin.

[BitcoinNational]

These two seem affiliated.

STEEM and MONERO

What do u think can be done with these technologies ?

Blogging and tax evasion

1. U blog on steem, post ur tits

2. U earn STEEM and sell them for Monero

3. U enjoy tax evasion and buy some coke on the deep net market


This stuff is on another level.  Bitcoin cant keep up.


~CfA~

[BitcoinNational]

Ether devs and Coinbase devs should all stick to fiat and banks where their lack of morals and parasitic values are assets whereas in cryptocurrency they are fatal flaws.

Liquid71 July 31, 2016
https://bitflikz.com/blogs/news/critical-security-update-from-bitflikz-gdax-coinbase-may-be-insolvent

[jwinterm]

Along the same lines:

I can confirm that the loss from the hack stands at 119,756btc

.

/u/zanetackett on reddit:
https://www.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61oe33

Ouchie. That's like 1% of all BTC that exists

[BitcoinNational]

Someone offering 12.5 BTC to tweet about Steem!

I was going to tweet it, but then I found out that you have to show your boobs and that took me out of the running... SEXISTS!!!!

_{1st QoD quoted to send address of the TALK kind gets 1000 TALK ... this is not a give away but a reward ... again if someone has quoted you in QoD prior to this offer.   Therefore on offer as bounty is about 0.00300000 btc in TALK}

meetS uoy kcuf

[monsanto]

I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day.  I like having left over pizza to nibble on later.

May 18, 2010

[Febo]

In a certain way, one could say that Monero has already replaced bitcoin in its original conception, namely as an anarchist currency.  Bitcoin has, unfortenately, become an half-institutionalized gambling/speculating tool with more and more demand for state justice, legal interference, and "mainstream regulation".   Most of the market cap of bitcoin is made of speculation as just another financial tool in the big toolbox of financial gamblers, and only a minuscule tiny fraction is devoted to the original goal of bitcoin, which was freedom from state, law and finance.  Monero still has most of that promise, as I don't think that its market cap is mainly driven by financial gamblers.  However, it is true that monero is, as far as I know, not (yet ?) used as a genuine currency, as bitcoin was at a certain point, on the dark net.