BitUsher
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Activity: 994
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June 06, 2016, 01:59:54 PM |
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Segwit RC soon to be deployed - https://github.com/bitcoin/bitcoin/pull/8149Get ready for a price boost when Segwit comes out of RC unscathed and miners start accepting it bring to an end one chapter of this drama and sending bitcoin in the right direction for scaling. |
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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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molecular
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June 06, 2016, 02:01:01 PM |
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HammaSan
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June 06, 2016, 02:01:59 PM |
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Anyone know what's going to bitcoin is increasing price this way?
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StraightAArdvark
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Activity: 28
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June 06, 2016, 02:08:12 PM |
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Bitcoin isn't tangible
Yes it is... its information! .. I can print it on paper, on metal copper sheets so I can have them in 2000+ years to my ancestors, I can write it on a CD, store it on a USB / SSD, and from what I know you can also print it on a coin... And all of those can be multiplied with the same copy of the same thing in case something happens. Armageddon? You can also print "I got Assburgers" on a piece of paper or stamp it on a coin, and, while your retardation is almost palpable, it, nevertheless, isn't tangible. The paper is, your Assburgers aren't. You must learn the words you use before using them, starting with the word "tangible."  buy your arguement a USD is not tangible either being simply a symbol stamped on a coin or printed on a piece of paper. Backed by the ability of a nation to collect taxes, or backed by an encrypted decentralised ledger - take you pick Of course USD isn't tangible, lrn to fiat. You guys are like some savage tribe that time forgot, "if I can't eat it/smoke it/fuck it touch it, it ain't worth shit."  USD is backed by "ability of a nation to collect taxes," i.e. jackbooted thugs, i.e. the military/industrial might of my country. Bitcoin is "backed by an encrypted decentralised ledger," which is to say NOTHING  Do you even own any coins? Do u even know how Bitcoin works?
Do i own any coin?! Bite your tongue, child! Sure, played with bitcoin in the past, but we all did some stupid shit when we were young. |
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Asrael999
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June 06, 2016, 02:13:38 PM |
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yes I am sure that the Romans, Babylonians, Prussians, Germans pre Wiemar, Hapsburgs and Ottomans all thought the same thing. Nations debase their currencies as a matter of course and eventually fall, just look at the value of the pound sterling against Gold since it left the gold standard in 1971 as an example. Then consider the purchasing power of 1 old British Pound circa 1920 against one today.
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StraightAArdvark
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June 06, 2016, 02:21:36 PM |
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'The etymology of tangibility shows that in the late 14th century it was used as a “tangible thing, something perceived or presented to the senses”.' Someone should tell this intilecshual about common/technical/contextual usage, and why it often different from the word's origin. See "intrinsic value" in phil. vs. "intrinsic value" in econ. @Asrael999: Get back to me about permanence & temporality after Bitcoin has been around for a meaningful length of time. As it is, 7 years is laughably short, even when compared to the worst of fiat currencies. Fiat money is not meant to be a good long-term store of value, by design. It's meant to facilitate frictionless commerce. Normal, IRL people do not keep their wealth in their mattress, because that's how you get poor. No more than they use banks of capacitors for long-term electricity storage. The fact that caps will leak down over time doesn't make them worse than batteries, it's a different thing. Why is this so difficult to explain? |
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Assmaster2000
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Activity: 84
Merit: 10
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June 06, 2016, 02:53:56 PM |
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HammaSan
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June 06, 2016, 03:00:56 PM |
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ROFL, man, amazing answer |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 06, 2016, 03:38:33 PM |
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Assmaster2000
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June 06, 2016, 04:05:42 PM |
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"A Steam user who goes by the name ‘Eliot the Cougar’ contacted CCN on Friday after he was no longer able to buy Steam products with bitcoin. Eliot the Cougar noted he was able to buy games on April 28 and May 14, but the option is no longer available. He said he contacted the company’s support group, but after two days he has not received any response about the matter." https://www.cryptocoinsnews.com/gaming-giant-steam-disables-bitcoin-in-russia/ Where to begin...  |
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JimboToronto
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Activity: 4004
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You're never too old to think young.
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June 06, 2016, 04:34:35 PM |
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Good morning Bitcoinland. Still trying to digest the move up past $580 I see.  Couple more days of generally sideways before the next leg up, or do our Chinese friends speed things up? |
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Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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June 06, 2016, 04:35:14 PM |
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Segwit RC soon to be deployed - https://github.com/bitcoin/bitcoin/pull/8149Get ready for a price boost when Segwit comes out of RC unscathed and miners start accepting it bring to an end one chapter of this drama and sending bitcoin in the right direction for scaling. Thanks for the update |
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yefi
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Activity: 2842
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June 06, 2016, 04:59:36 PM |
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i can't imagine dragons being so superstitious. On the other hand a ton of coins on finex for sale till $600 it'll take some volume to push through
Someone's certainly stacking up some coins there. Not sure if this is a tactic to suppress price for a breakout, or if it's genuine. |
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savetherainforest
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June 06, 2016, 05:03:24 PM |
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Good morning Bitcoinland. Still trying to digest the move up past $580 I see. Couple more days of generally sideways before the next leg up, or do our Chinese friends speed things up? 600+ is happening in a few hours or tomorrow ... But till then this sh!t happens ... https://youtu.be/IEcd_Ecntro?t=1m41s |
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JimboToronto
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Activity: 4004
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You're never too old to think young.
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June 06, 2016, 05:05:23 PM |
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becoin
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Activity: 3431
Merit: 1233
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June 06, 2016, 05:09:38 PM |
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Bitcoin isn't tangible, forget stone. Just a bunch of bleeps and bloops, 1s and 0s, memory/gate states in a bunch of Chinese 'puter gear: it's literally *nothing*.
Do you prefer American confetti paper? Sure. Use that worthless government scrip every day. Sure. Bitcoin is not for everyone. If you're ignorant about bitcoin you'd better not use it. |
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Dajackal
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June 06, 2016, 05:12:17 PM |
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But it's not China. Its gotta be other factors like bitcoin gaining more media coverage as of lately, The worlds woes about all global currencies. The USD may soon fall of the top spot as a safe currency and maybe Bitcoin can be the replacement. |
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Syke
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Activity: 3878
Merit: 1193
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June 06, 2016, 05:27:15 PM |
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Forget the all-time high. That was faked by Mt. Gox and willybot.
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