empowering
Legendary
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Activity: 1078
Merit: 1441
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March 12, 2015, 06:59:54 PM |
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And woe is us! We're in a lot of trouble!!  Oh my fucking god, I just found out Terry Pratchett died.. Fuck this day. 
Drat. I really liked him a lot.
SAD DAY : ( |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Christ0ph
Member
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Activity: 64
Merit: 10
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March 12, 2015, 07:00:16 PM |
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I wonder how many times the words 'bear' and 'whale' have been used in this thread? My guess is 4x bear and 2x whale. |
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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March 12, 2015, 07:01:12 PM |
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$300 tonight, let's hope we stay above this time
If we slay that bear whale ruh roh ... did u hear that everybody ?? there is a bear whale. everyone stay calm... we will get billyjoe to get the 'four punch raiders' to take him out with a quick and powerful 'chinese panic' flash dumps and right when he thinks is great moment hit him with the short squeeze. got it everyone ?? ok break. on 10. go. |
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SkyValeey
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March 12, 2015, 07:04:03 PM |
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Bear time soon.  |
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calme
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March 12, 2015, 07:13:05 PM |
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Bear time soon.  |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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March 12, 2015, 07:13:33 PM
Last edit: March 12, 2015, 07:32:47 PM by podyx |
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I think we could see sideways going down slowly to about $270 before we continue up
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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March 12, 2015, 07:34:20 PM |
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I think we could see sideways going down slowly to about $270 before we contionue up
We could still stay in the 290 range for a couple of days without any drama. The buying pressure is strong. The walls are dwindling. We just need to linger a bit before we float up. |
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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March 12, 2015, 07:34:48 PM |
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If devs decided to make this change, miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.
You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.
I will give you my vote now.
NO
Its not a theory. Its there in the code.... May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you. |
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calme
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March 12, 2015, 07:39:29 PM |
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And don't post it until you've changed it to something like 15m.
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rolling
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March 12, 2015, 07:39:47 PM |
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If devs decided to make this change, miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.
You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.
I will give you my vote now.
NO
Its not a theory. Its there in the code.... May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you. |
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uhoh
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March 12, 2015, 07:42:03 PM |
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If devs decided to make this change, miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.
You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.
I will give you my vote now.
NO
Its not a theory. Its there in the code.... May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you. Beat me to it It's not gonna change, it makes no sense for anyone in the system for it to change (including miners). Increasing it is completely zero-sum (well not, actually, because the mere fact that it changed would create uncertainty in an economy based on certainty). |
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Norway
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March 12, 2015, 07:46:36 PM |
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If devs decided to make this change, miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.
You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.
I will give you my vote now.
NO
Its not a theory. Its there in the code.... May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you. Nice  |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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March 12, 2015, 07:47:16 PM |
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$300 tonight, let's hope we stay above this time
If we slay that bear whale ruh roh ... did u hear that everybody ?? there is a bear whale. everyone stay calm... we will get billyjoe to get the 'four punch raiders' to take him out with a quick and powerful 'chinese panic' flash dumps and right when he thinks is great moment hit him with the short squeeze. got it everyone ?? ok break. on 10. go. LOL Realistically I think the situation is that longs are way over extended at a ridiculous interest rate and if the price doesn't start to move upwards soon enough we will come crashing down. Just like how BJA spoke about a cascade of shorts going up, I think the tables have flipped. Ever since BTC broke 300 I have had a bad feeling and it's getting worse and worse. I am continuing to buy, but i'm out of leverage till we figure out which way the market is going to go. Id rather jump in late than get burned. |
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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March 12, 2015, 07:50:52 PM |
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ok bored now.
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uhoh
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March 12, 2015, 07:52:44 PM |
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Make or break on stamp.
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hyphymikey
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March 12, 2015, 07:52:55 PM |
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$300 tonight, let's hope we stay above this time
If we slay that bear whale ruh roh ... did u hear that everybody ?? there is a bear whale. everyone stay calm... we will get billyjoe to get the 'four punch raiders' to take him out with a quick and powerful 'chinese panic' flash dumps and right when he thinks is great moment hit him with the short squeeze. got it everyone ?? ok break. on 10. go. LOL Realistically I think the situation is that longs are way over extended at a ridiculous interest rate and if the price doesn't start to move upwards soon enough we will come crashing down. Just like how BJA spoke about a cascade of shorts going up, I think the tables have flipped. Ever since BTC broke 300 I have had a bad feeling and it's getting worse and worse. I am continuing to buy, but i'm out of leverage till we figure out which way the market is going to go. Id rather jump in late than get burned. The interst rates have jumped but only for the last 2 million or so that was borrowed. I'm still locked into my month long rate that is around .03 average. So there isn't enough longs with high rates that would close out and cause a cascading effect. If they decide to close out I'll be sure and scoop up some of their coins with my extra borrowed USD. And I know I'm not the only one willing to buy their coins. |
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Norway
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March 12, 2015, 07:53:15 PM |
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ok bored now.
Me too... So... Why would the "COIN" etf not be approved? |
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calme
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March 12, 2015, 07:54:45 PM |
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I wonder how much of a psychological barrier the USD-BTC exchange rate is for the Chinese portion of the market cap. It's somewhere between only thing that matters and DGAF.
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sAt0sHiFanClub
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March 12, 2015, 07:55:36 PM |
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If devs decided to make this change, miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.
You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.
I will give you my vote now.
NO
Its not a theory. Its there in the code.... May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you. Ive already stated that the cap is derived from the following calculation ( from main.cpp:1235) // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years. nSubsidy >>= (nHeight / Params().SubsidyHalvingInterval()); Link to the file on github is https://github.com/bitcoin/bitcoin/blob/4ad73c6b080c46808b0c53b62ab6e4074e48dc75/src/main.cpp#L1230 |
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Poll
