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TERA
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December 10, 2015, 03:40:31 PM |
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Finex bids at 29.5K now.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Ultrafinery
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Merit: 10
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December 10, 2015, 03:45:29 PM |
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...
Bitcoin, as a protocol, can do that. But it doesn't need to be ONE chain for everything.
What does that even mean? Just because one hard disk doesn't fit the world's data it doesn't mean that hard disk drive was a useless invention. We can still use multiple hard disks, even with their finite capacity limits. Likewise, we can use multiple blockchains to store transactions and other stuff. No, HDs aren't useless, and neither were floppies, and neither were punchcards/tapes. Curiously, all the world's data isn't stored on punchcards any more. What you're suggesting is 'forget about HDs, we'll just use a whole bunch of punchcard systems.' Theoretically possible, though suboptimal. Sounds like you're simply trying to invent uses for the tokens you already own. Copper? Not really. That's for zerohedgers who wana be goldbugs but ain't got the bux. Historically it was. This can't be disputed really. Gold = high denomination coins Silver = medium Copper = small What I'm telling you is there were no lasting monetary systems using triple metal standard in recent history. Sure, almost everything was used as money at one time or another, but now even gold and silver are relics. |
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Fatman3001
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Activity: 1526
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Make Bitcoin glow with ENIAC
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December 10, 2015, 03:50:19 PM |
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-snip-
The protocol exists for all this world of opportunities. People can still use an alternate chain if they want to use the blockchain to store data, contracts, intellectual property etc etc. There is no "necessity" that it must be done on BTC's blockchain. And it won't be some kind of failure if everything doesn't fit in the BTC blockchain.
The problem is that the BTC blockchains usage isn't sufficiently established for the current crop to decide what Bitcoin is and isn't. I have great faith in Ethereum, less faith in most shitcoins. But to decide now that we're going to leave this and that to other, much more fragile ecosystems, is insane. Let's see what's possible first, what's realistic, what's sustainable, and then carve out the path forward. A rise to 8MB now isn't anything near as potentially damaging as strangling this baby in the crib. If BIP101 turns out to be more of a problem than a solution, change it. We've got a couple of years before it doubles. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 10, 2015, 04:00:53 PM |
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Fatman3001
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Activity: 1526
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Make Bitcoin glow with ENIAC
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December 10, 2015, 04:02:33 PM |
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Gold = high denomination coins
Silver = medium
Copper = small
But it's a flawed analogy. If ethereum sees more volume measured in fiat, has more uses, retains its value better, builds up a more robust ecosystem... why should we use Bitcoin? Bitcoin isn't damned to be the digital equivalent to gold. |
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nioc
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Merit: 1008
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December 10, 2015, 04:05:02 PM |
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Scaling is not an issue right now. Not the processing of transactions. If you want to make a legitimate transaction, you'll pay a normal fee and you'll be processed in one block.
I don't know how meaningful my example is but here goes...... I actually use btc. In the past few months ~1/2 of my transactions with a normal fee were not included in the first block. My last transaction of 2 days ago was first included in the 3rd block. I used to make some transactions with no fees and those were always included in the first block. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 10, 2015, 04:09:47 PM |
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Gold = high denomination coins
Silver = medium
Copper = small
But it's a flawed analogy. If ethereum sees more volume measured in fiat, has more uses, retains its value better, builds up a more robust ecosystem... why should we use Bitcoin? Bitcoin isn't damned to be the digital equivalent to gold. bitcoin is digital gold of the internet and probably always will be. it is what it is. not your why you'd trust your money to a bunch of geeks trying to reinvent crypto... ethereum is a fun side show.  |
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adamstgBit
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Merit: 1037
Trusted Bitcoiner
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December 10, 2015, 04:11:16 PM |
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kinda looks like price is just hovering waiting for another grrrreeeeeeeeennnnnnn candle!
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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December 10, 2015, 04:13:32 PM |
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Gold = high denomination coins
Silver = medium
Copper = small
But it's a flawed analogy. If ethereum sees more volume measured in fiat, has more uses, retains its value better, builds up a more robust ecosystem... why should we use Bitcoin? Bitcoin isn't damned to be the digital equivalent to gold. bitcoin is digital gold of the internet and probably always will be. it is what it is. not your why you'd trust your money to a bunch of geeks trying to reinvent crypto... ethereum is a fun side show. A six billion dollar market cap is nothing against stoopid. Don't do stoopid and we'll be fine. |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10188
Self-Custody is a right. Say no to"Non-custodial"
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December 10, 2015, 04:13:44 PM |
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Gentlemen?
I hereby call that when Jay Juan Gee hits his first dollar in gains... it is grentlemen. hahahahahaha Thanx for considering my particulars as a reference. At this time, if I were to freeze and to refrain from all BTC related activities, including buying, selling, trading or setting up BTC related funds... in other words, STRICTLY HODL, gentlemen would be reached at approximately $502.03. It's within sight, gents.   |
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Ultrafinery
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Activity: 84
Merit: 10
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December 10, 2015, 04:18:34 PM |
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...
bitcoin is digital gold of the internet and probably always will be.
... Bitcoin is the Altair 8800 of the internet, and always will be. Sure, clock it up, add a fancy 1200 baud modem, but you're still stuck with 7tps S-100 bus. |
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peonminer
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December 10, 2015, 04:22:22 PM
Last edit: December 10, 2015, 04:35:07 PM by peonminer |
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kinda looks like price is just hovering waiting for another grrrreeeeeeeeennnnnnn candle!
$580 or $600? ...
bitcoin is digital gold of the internet and probably always will be.
... Bitcoin is the Altair 8800 of the internet, and always will be. Sure, clock it up, add a fancy 1200 baud modem, but you're still stuck with 7tps S-100 bus. Said the central banky shill who socks for 3-5 day, $35 fee wire transfers; That don't make it in time to pay rental car insurance.    |
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Ultrafinery
Member
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Activity: 84
Merit: 10
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December 10, 2015, 04:26:26 PM |
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...
bitcoin is digital gold of the internet and probably always will be.
... Bitcoin is the Altair 8800 of the internet, and always will be. Sure, clock it up, add a fancy 1200 baud modem, but you're still stuck with 7tps S-100 bus. Said the central banky shill who socks for 3-5 day, $35 wire transfers. That don't make it in time to pay rental car insurance. Oy. The goyim are restless...  |
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gotmilk_
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December 10, 2015, 04:29:19 PM |
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Hash rate is skyrocking  Intel started to mine bitcoins or what? |
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peonminer
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December 10, 2015, 04:30:14 PM
Last edit: December 10, 2015, 04:42:15 PM by peonminer |
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Hash rate is skyrocking Intel started to mine bitcoins or what? lectual individuals.  |
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TERA
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December 10, 2015, 04:40:26 PM |
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The nsa is testing just one prototype asic, that they're going to build millions more of </fud>
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Fatman3001
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Activity: 1526
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Make Bitcoin glow with ENIAC
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December 10, 2015, 04:41:57 PM |
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The nsa is testing just one prototype asic, that they're going to build millions more of </fud>
bullish! |
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peonminer
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December 10, 2015, 04:46:02 PM |
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The nsa is testing just one prototype asic, that they're going to build millions more of </fud>
bullish! Poor shorts.  |
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contr23oltower
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December 10, 2015, 04:49:19 PM |
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Hash rate is skyrocking Intel started to mine bitcoins or what? Digital thumb-twiddling intensifies |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 10, 2015, 05:00:55 PM |
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Poll
