conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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November 08, 2017, 06:56:53 PM |
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It sounds like you must Enjoy having Blockstream's dick shoved down your throat while your paying $100+ to move your coins off an exchange.
Tell your grandma to buy Bitcoin, it's a great investment. I'm sure she will love the part where she has to calculate a priority fee to pay based on the size of her transaction.
For everything else, there's Bitcoin Cash.
What sort of idiot is in bitcoin to spend them in b/s? It's just you. |
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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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starmman
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Activity: 1484
Merit: 1029
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November 08, 2017, 06:58:06 PM |
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We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =) |
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Rosewater Foundation
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November 08, 2017, 07:00:20 PM |
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I can't help but think my mean spirited meme is responsible for this.
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chopstick
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Activity: 992
Merit: 1000
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November 08, 2017, 07:00:39 PM |
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It sounds like you must Enjoy having Blockstream's dick shoved down your throat while your paying $100+ to move your coins off an exchange.
Tell your grandma to buy Bitcoin, it's a great investment. I'm sure she will love the part where she has to calculate a priority fee to pay based on the size of her transaction.
For everything else, there's Bitcoin Cash.
What sort of idiot is in bitcoin to spend them in b/s? It's just you. Yeah, because the thousands of people who have disconnected themselves from the banks and from FIAT don't exist. Legacy Bitcoin has been taken over by corporate interests that want to prevent BTC from scaling, thus removing competition and ensuring their monopolies will continue uncontested. No one is going to want to pay $20, 30, 40, 50$+ fees to make a payment or just to move coins. Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted. |
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mymenace
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Activity: 1596
Merit: 1061
Smile
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November 08, 2017, 07:00:58 PM |
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We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =) maybe this will do it http://www.rsk.co/Ginger is the public release of the open source Testnet Network. Powered by Bitcoin, the most secure distributed network in the world, users will be able to run their smart contracts in a platform that can scale up to 2.000 tx/sec on chain and 20.000 tx/sec off chain, providing the scalability needed for global financial solutions. |
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rjclarke2000
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Activity: 1358
Merit: 1016
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November 08, 2017, 07:01:11 PM |
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It sounds like you must Enjoy having Blockstream's dick shoved down your throat while your paying $100+ to move your coins off an exchange.
Tell your grandma to buy Bitcoin, it's a great investment. I'm sure she will love the part where she has to calculate a priority fee to pay based on the size of her transaction.
For everything else, there's Bitcoin Cash.
What sort of idiot is in bitcoin to spend them in b/s? It's just you. Exactly this. Branson can't buy his coffee with Bitcoin. Shit |
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Dabs
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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November 08, 2017, 07:01:58 PM |
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So... SW2X futures? Are going to zero, because, it's not going to launch. What about all the traders who already cashed out ... The ones left behind rekt?
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toknormal
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Activity: 3066
Merit: 1188
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November 08, 2017, 07:02:14 PM |
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It sounds like you must Enjoy paying $100+ to move your coins off an exchange.
Tell your grandma to buy Bitcoin, it's a great investment. I'm sure she will love the part where she has to calculate a priority fee to pay based on the size of her transaction.
For everything else, there's Bitcoin Cash. "Grandma" just gave her verdict I think. She'd rather pay a $100 transaction fee than take a million dollar capital loss because her store of value got f*d with at the protocol level. |
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gwoplock
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November 08, 2017, 07:02:47 PM |
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I walk away for lunch and this happens. let me get this straight, the 2x fork is gone. and the price swung over 1k... with 40k of volume. WTF
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Rosewater Foundation
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November 08, 2017, 07:03:35 PM |
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So... SW2X futures? Are going to zero, because, it's not going to launch. What about all the traders who already cashed out ... The ones left behind rekt?
Where can we watch the carnage? |
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Aqualung89
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November 08, 2017, 07:04:23 PM |
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Now you need to stop and the other Alt-coins of the money need to slide. This is what seems to be right now, but let's see how long it will take.
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Ibian
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Activity: 2268
Merit: 1278
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November 08, 2017, 07:05:02 PM |
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We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =) Yes, but that would also lower the required processing power for hostile mining action to a tenth. Also concerns with orphaned blocks and etc which is over my head. |
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chopstick
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Activity: 992
Merit: 1000
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November 08, 2017, 07:06:59 PM |
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Well would you look at that, Bitcoin is dropping while Alts are once again skyrocketing in value.
If Bitcoin can't scale and can't be used for everyday transactions, then this also diminishes its usefulness as a store of value. Bitcoin becomes primarily an instrument for rich speculators, and little else. Other coins will be used for actual commerce and day to day transactions.
Are you all happy now?
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Torque
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Activity: 3556
Merit: 5041
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November 08, 2017, 07:07:14 PM |
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Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.
So go use Bitcoin Cash and fk off maybe? |
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mattimann
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November 08, 2017, 07:09:58 PM |
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Just think of all the Idiots, who traded that shit on Hitbtc...
That Butt must hurt...
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starmman
Legendary
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Activity: 1484
Merit: 1029
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November 08, 2017, 07:10:03 PM |
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We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =) Yes, but that would also lower the required processing power for hostile mining action to a tenth. Also concerns with orphaned blocks and etc which is over my head. I was pretty sure that it wasn't so simple - but not sure why LOL |
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ivomm
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Activity: 1853
Merit: 2841
All good things to those who wait
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November 08, 2017, 07:12:10 PM
Last edit: November 08, 2017, 07:25:42 PM by ivomm |
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What a day - from 7000 to 7900 then back to 7000 and now slowly back to 7900. Incredible! Too bad kraken fucked me up.  Anyway, Electrum tweet (Segwit Who?) says it all: https://twitter.com/ElectrumWallet/status/928330837967458305 |
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bitcoinPsycho
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Activity: 2478
Merit: 2077
$120000 in 2024 Confirmed
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November 08, 2017, 07:12:41 PM |
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Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.
So go use Bitcoin Cash and fk off maybe? you beat me to it lol |
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julian071
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November 08, 2017, 07:13:26 PM |
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Gawd spent the last 30 minutes trying to put an order in on an old toaster, to buy back in. Still don't know which one came through haha, as that data is not available yet. Anyway, I'm back wiith a 3-5% haircut. Price I had to pay to be on the safe side. Didn't want to get roached.
Edit: 2.6% haircut.
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Dabs
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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November 08, 2017, 07:15:04 PM |
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There's about at least 600,000 transactions per day. I used to do hundreds of them every day ... sending to 1dice addresses.
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