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Gab0
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October 03, 2017, 03:22:23 PM |
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They want to pay the least fees possible of course, hence the lobbying for 2x. You have no logic. The more space on the block, the more fees for the miners. On the contrary, in the second layer solutions transactions occur outside the chain.(Where?, in the hands of AXA Group? This is a conspiracy?) Sure logically it may not make sense. But then riddle me this: Why are corporate suits working as heads of Bitcoin brokers (Coinbase, BitPay, Shapeshift, etc.) LOBBYING for a block size increase, which presumably only benefits the miners, a portion industry that these brokers supposedly have no direct involvement with? Why would they gather and collude in a hotel room to hash out the NYA, when they have no direct involvement in the Bitcoin development roadmap? Why would they push this agenda? Why would they care so much? For altruistic reasons? For the good of the network? Pffft. I highly doubt it. And if second layer solutions like LN are outside the chain, then why are these brokers not announcing their firm support? Their entire businesses (broker, trading, etc.) lie outside the chain. Maybe for the same reasons that I support a block size increase? because they understand the incentives and economic principles of bitcoin? Obviously for you it is easier to understand what happens by arguing that everything is part of a conspiracy. PD:Sometimes I do not know if you're serious or extremely ironic .... (insert fry futurama meme) |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Torque
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October 03, 2017, 03:28:23 PM |
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Maybe for the same reasons that I support a block size increase? because they understand the incentives and economic principles of bitcoin?
You couldn't have nailed the logical fallacy in a better way. |
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Karartma1
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Merit: 1422
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October 03, 2017, 04:00:08 PM |
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one can't be unaware of bitcoin prices for too much. It looks like ages that I don't see the charts and actually is 1 day only. Jeez...
Our Choo Choo friend needs more coal. It looks like we are running out of steam.
Hopefully $4000 is there to stay but we can't never be sure here. I noticed a bottom at 4212 on Stamp, let's see if it confirms.
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Torque
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October 03, 2017, 04:32:39 PM
Last edit: October 03, 2017, 06:27:08 PM by Torque |
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JimboToronto
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You're never too old to think young.
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October 03, 2017, 04:35:45 PM |
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Good morning Bitcoinland.
Down a couple of benjamins I see, but over a third of the way back... currently $4300USD/$5378CAD (Bitcoinaverage).
Most alts also down... AltCash currently at $399USD/$499CAD (Coinmarketcap).
I don't see any immediate reason for this strange dip but it's not that deep, certainly not worth buying. We're basically back to where we were the day before yesterday. Strange stuff.
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jojo69
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diamond-handed zealot
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October 03, 2017, 04:54:25 PM |
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Something I find most amusing is the process whereby a given hypothesis goes from being patently absurd to irrelevant truth overnight.
One day the theory is so ludicrous that anyone espousing it is clearly insane, then the revelation comes out and suddenly the truth of what yesterday was proof of lunacy is suddenly old news, or just no big deal.
I have had many opportunities to be amused by this.
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Torque
Legendary
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Activity: 3556
Merit: 5041
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October 03, 2017, 05:02:46 PM |
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Something I find most amusing is the process whereby a given hypothesis goes from being patently absurd to irrelevant truth overnight.
One day the theory is so ludicrous that anyone espousing it is clearly insane, then the revelation comes out and suddenly the truth of what yesterday was proof of lunacy is suddenly old news, or just no big deal.
I have had many opportunities to be amused by this.
“Truth is treason in the empire of lies.”― Ron Paul, The Revolution: A Manifesto |
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Raja_MBZ
Legendary
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Activity: 1862
Merit: 1505
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October 03, 2017, 05:12:36 PM |
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Good morning Bitcoinland.
Down a couple of benjamins I see, but over a third of the way back... currently $4300USD/$5378CAD (Bitcoinaverage).
Most alts also down... AltCash currently at $399USD/$499CAD (Coinmarketcap).
I don't see any immediate reason for this strange dip but it's not that deep, certainly not worth buying. We're basically back to where we were the day before yesterday. Strange stuff.
Yup, really strange stuff happening with Ethereum, Monero, ETC too. Constantly going down but bitcoin is sustaining pretty good. But hey, its time to buy some ETC/ETH/XMR, they can't go more down! |
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free-bit.co.in
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October 03, 2017, 05:15:03 PM |
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Good morning Bitcoinland.
Down a couple of benjamins I see, but over a third of the way back... currently $4300USD/$5378CAD (Bitcoinaverage).
Most alts also down... AltCash currently at $399USD/$499CAD (Coinmarketcap).
I don't see any immediate reason for this strange dip but it's not that deep, certainly not worth buying. We're basically back to where we were the day before yesterday. Strange stuff.
Yup, really strange stuff happening with Ethereum, Monero, ETC too. Constantly going down but bitcoin is sustaining pretty good. But hey, its time to buy some ETC/ETH/XMR, they can't go more down! Altcoins are going down because of the sell pressure of the big investors, they want to accumulate BTC, so they can get a free airdrop from BTCgold....  |
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Gab0
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October 03, 2017, 05:26:42 PM |
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I have not said that conspiracies do not exist. You get lost. Rather, I am pointing out how simplistic your understanding of different femonemos is. It is like trying to explain the earthquake happened in Mexico as a work of the wrath of the gods. It seems to me that problem and the discussion is much, much more complex of the caricature that you try to argue. On the other hand, and following your logic, it is perfectly possible that AXA Group. be part of a perverse plan to take control of Bitcoin through Blockstream. Can you deny speculation like that? Of course not. |
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megashira1
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Merit: 1000
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October 03, 2017, 05:29:14 PM |
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Bitcoin Gold is the equivalent of BCH but for small blockers. When the core chain dies out as a result of 2x this is where the majority of core developers will defect too.
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Gab0
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October 03, 2017, 05:34:23 PM |
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Something I find most amusing is the process whereby a given hypothesis goes from being patently absurd to irrelevant truth overnight.
One day the theory is so ludicrous that anyone espousing it is clearly insane, then the revelation comes out and suddenly the truth of what yesterday was proof of lunacy is suddenly old news, or just no big deal.
I have had many opportunities to be amused by this.
“Truth is treason in the empire of lies.”― Ron Paul, The Revolution: A Manifesto Have not been charged with treason Gavin Andresen, G. Maxwell, Jeff Garzik, Mike Hearn, Jihan Wu, Roger Ver, etc etc....? |
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jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
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October 03, 2017, 05:37:51 PM |
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femonemos
sigh, I guess I am resident language nazi for the day phenomenons sorry |
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Torque
Legendary
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Activity: 3556
Merit: 5041
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October 03, 2017, 05:38:04 PM |
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I have not said that conspiracies do not exist. You get lost. Rather, I am pointing out how simplistic your understanding of different femonemos is. It is like trying to explain the earthquake happened in Mexico as a work of the wrath of the gods. It seems to me that problem and the discussion is much, much more complex of the caricature that you try to argue. On the other hand, and following your logic, it is perfectly possible that AXA Group. be part of a perverse plan to take control of Bitcoin through Blockstream. Can you deny speculation like that? Of course not. Can you deny the validity of this 'truth'? https://medium.com/@thepiratewhocantbenamed/my-thoughts-on-your-thoughts-17474d800ddaNow you get lost. |
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Lopumbo
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October 03, 2017, 05:40:36 PM |
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There's a sell order at 3640€ of 90BTC at Kraken currently eaten and another one of 100BTC at 3649.5€
So that's the price range for the next hours
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JimboToronto
Legendary
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Activity: 4004
Merit: 4482
You're never too old to think young.
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October 03, 2017, 05:48:59 PM |
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femonemos
sigh, I guess I am resident language nazi for the day phenomenons sorry Do not apologize. Many people here speak other languages natively. The only way they will learn proper English is if people teach them. Intentional colloquialisms in spelling and grammar are acceptable. Simple ignorance should be corrected. Pardon me if I also prefer correct punctuation. Keep up the good work. ____ P.S. That should be "phenomena".  |
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jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
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October 03, 2017, 05:52:58 PM |
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oh god...lol, you are of course correct Jimbo...the shame
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Gab0
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October 03, 2017, 06:00:32 PM |
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femonemos
sigh, I guess I am resident language nazi for the day phenomenons sorry Do not apologize. Many people here speak other languages natively. The only way they will learn proper English is if people teach them. Intentional colloquialisms in spelling and grammar are acceptable. Simple ignorance should be corrected. Pardon me if I also prefer correct punctuation. Keep up the good work. ____ P.S. That should be "phenomena". I really feel my bad english. I write it as I think in spanish, that's my problem. I have recently been trying to learn. |
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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October 03, 2017, 06:06:29 PM |
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I really feel my bad english. I write it as I think in spanish, that's my problem.
I have recently been trying to learn.
That is why I said sorry, I understand that a lot of people here have English as a second language and I was trying not to be dickish. Fwiw, I have been recently working with a crew of South Americans which has given me a welcome opportunity to work on my, very rudimentary, Español. |
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