nioc
Legendary
 Offline
Activity: 1624
Merit: 1008
|
 |
December 10, 2015, 04:05:02 PM |
|
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. |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
|
|
December 10, 2015, 04:09:47 PM |
|
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.  |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
|
|
December 10, 2015, 04:11:16 PM |
|
kinda looks like price is just hovering waiting for another grrrreeeeeeeeennnnnnn candle!
|
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
|
|
December 10, 2015, 04:13:32 PM |
|
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. |
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 4144
Merit: 12534
Self-Custody is a right. Say no to "non-custodial"
|
|
December 10, 2015, 04:13:44 PM |
|
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.   |
|
|
|
|
Ultrafinery
Member
Offline
Activity: 84
Merit: 10
|
|
December 10, 2015, 04:18:34 PM |
|
...
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. |
|
|
|
|
|
peonminer
|
|
December 10, 2015, 04:22:22 PM
Last edit: December 10, 2015, 04:35:07 PM by peonminer |
|
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.    |
|
|
|
|
Ultrafinery
Member
Offline
Activity: 84
Merit: 10
|
|
December 10, 2015, 04:26:26 PM |
|
...
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...  |
|
|
|
|
|
gotmilk_
|
|
December 10, 2015, 04:29:19 PM |
|
Hash rate is skyrocking  Intel started to mine bitcoins or what? |
|
|
|
|
|
peonminer
|
|
December 10, 2015, 04:30:14 PM
Last edit: December 10, 2015, 04:42:15 PM by peonminer |
|
Hash rate is skyrocking Intel started to mine bitcoins or what? lectual individuals.  |
|
|
|
|
|
TERA
|
|
December 10, 2015, 04:40:26 PM |
|
The nsa is testing just one prototype asic, that they're going to build millions more of </fud>
|
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
|
|
December 10, 2015, 04:41:57 PM |
|
The nsa is testing just one prototype asic, that they're going to build millions more of </fud>
bullish! |
|
|
|
|
|
peonminer
|
|
December 10, 2015, 04:46:02 PM |
|
The nsa is testing just one prototype asic, that they're going to build millions more of </fud>
bullish! Poor shorts.  |
|
|
|
|
contr23oltower
Newbie
Offline
Activity: 1
Merit: 0
|
|
December 10, 2015, 04:49:19 PM |
|
Hash rate is skyrocking Intel started to mine bitcoins or what? Digital thumb-twiddling intensifies |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2604
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
December 10, 2015, 05:00:55 PM |
|
|
|
|
|
|
dropt
Legendary
Offline
Activity: 1512
Merit: 1000
|
|
December 10, 2015, 05:06:56 PM |
|
Hash rate is skyrocking Intel started to mine bitcoins or what? lectual individuals. Hardly. The intellectual miners, chip manufacturers aside, started in 2009 and stopped somewhere in late 2014/early 2015 if not earlier. |
|
|
|
|
Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
|
|
December 10, 2015, 05:10:00 PM |
|
|
|
|
|
|
Mervyn_Pumpkinhead
Legendary
Offline
Activity: 876
Merit: 1000
|
|
December 10, 2015, 05:29:53 PM |
|
Hash rate is skyrocking Intel started to mine bitcoins or what? lectual individuals. Hardly. The intellectual miners, chip manufacturers aside, started in 2009 and stopped somewhere in late 2014/early 2015 if not earlier. Bitcoin mining has been a game for idiots since coming of ASICs. The initial idea of PoW mining was to distribute control over the network, so that everyone could get their part with hardware that they already own. Things started to go downhill with GPU mining, but coming of ASICs turned this thing into a total mess. Control isn't shared anymore, but control is chased by a bunch of greedy idiots, who waste resources to build machinery, that are solving problems that don't have to exist anyway. |
|
|
|
|
|
peonminer
|
|
December 10, 2015, 05:31:40 PM |
|
Data centers in China have to be ran by someone. |
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
|
|
December 10, 2015, 05:34:31 PM |
|
Hash rate is skyrocking Intel started to mine bitcoins or what? lectual individuals. Hardly. The intellectual miners, chip manufacturers aside, started in 2009 and stopped somewhere in late 2014/early 2015 if not earlier. Bitcoin mining has been a game for idiots since coming of ASICs. The initial idea of PoW mining was to distribute control over the network, so that everyone could get their part with hardware that they already own. Things started to go downhill with GPU mining, but coming of ASICs turned this thing into a total mess. Control isn't shared anymore, but control is chased by a bunch greedy idiots, who waste resources to build machinery, that are solving problems that don't have to exist anyway. And the solution is Piece Of Shit mining? That only works for shitcoins. |
|
|
|
|
|
Poll
