Everything is going to be ok.

[bamboylee]

That is what I keep telling myself, everything is going to be okay. But, I also know that if scaling is not resolved soon, it will be a downward spiral soon. Miners are the only one enjoying the high fees and long confirmation time not the ordinary users.

[1714851490]

1714851490

[1714851490]

1714851490

[1714851490]

1714851490

[unamis76]

So, Bu/SegWit = Few Chinese controlling the majority of hash. Both look same. And whatever who will be the winner the result will be same. It seems like BU will be the winner.

Both look the same, but are they the same? And how factual is that? How is that compared to a few years back? That was the end goal of my post, make readers think.

Too early to tell who will win when most seem to want nothing and 2 groups seem to not want what the "other group" wants.

[Hexadecibel]

Just less than a percent to BU for passing the SegWit.

https://coin.dance/blocks

BU = Few Chinese controlling majority of hash

Can't believe anyone would be ok with that.

If that is what Satoshi wanted, guess he wasn't the genius I though he was. Too bad he's not around anymore.

So according to Bitcointalk and other discussion boards, "Core=Few Chinese controlling majority of hash" and "BU=Few Chinese controlling majority of hash".

So, Bu/SegWit = Few Chinese controlling the majority of hash. Both look same. And whatever who will be the winner the result will be same. It seems like BU will be the winner.

Core (SegWit) = a hostile take over of the network via maintaining a 1mb block limit. This was originally just an anti-spam measure. The Core developers are literally being paid by outside actors to maintain this limit and cripple bitcoin.

BU = Scaling Bitcoin On-Chain transactions as originally intended. 2nd layer solutions are still possible.

[FiendCoin]

Just less than a percent to BU for passing the SegWit.

https://coin.dance/blocks

BU = Few Chinese controlling majority of hash

Can't believe anyone would be ok with that.

If that is what Satoshi wanted, guess he wasn't the genius I though he was. Too bad he's not around anymore.

So according to Bitcointalk and other discussion boards, "Core=Few Chinese controlling majority of hash" and "BU=Few Chinese controlling majority of hash".

So, Bu/SegWit = Few Chinese controlling the majority of hash. Both look same. And whatever who will be the winner the result will be same. It seems like BU will be the winner.

Core (SegWit) = a hostile take over of the network via maintaining a 1mb block limit. This was originally just an anti-spam measure. The Core developers are literally being paid by outside actors to maintain this limit and cripple bitcoin.

BU = Scaling Bitcoin On-Chain transactions as originally intended. 2nd layer solutions are still possible.

So are you saying a few elite Chinese do not control the majority of BU hash? Does this not concern you? Does Chinese centralized mining not concern you?

[Hexadecibel]

Just less than a percent to BU for passing the SegWit.

https://coin.dance/blocks

BU = Few Chinese controlling majority of hash

Can't believe anyone would be ok with that.

If that is what Satoshi wanted, guess he wasn't the genius I though he was. Too bad he's not around anymore.

So according to Bitcointalk and other discussion boards, "Core=Few Chinese controlling majority of hash" and "BU=Few Chinese controlling majority of hash".

So, Bu/SegWit = Few Chinese controlling the majority of hash. Both look same. And whatever who will be the winner the result will be same. It seems like BU will be the winner.

Core (SegWit) = a hostile take over of the network via maintaining a 1mb block limit. This was originally just an anti-spam measure. The Core developers are literally being paid by outside actors to maintain this limit and cripple bitcoin.

BU = Scaling Bitcoin On-Chain transactions as originally intended. 2nd layer solutions are still possible.

So are you saying a few elite Chinese do not control the majority of BU hash? Does this not concern you? Does Chinese centralized mining not concern you?

The only thing the Chinese have done is mine bitcoins. They're not trying to make policy. The only people doing that -in an authoritarian way- is Bitcoin Core and Blockstream.

[Doms]

The plummet during the last two days might have led to some selling their bitcoins, but the price has since rebounded nicely and it seems that it is primed for another push towards a new high. It has always been this way over the last 6 months or so. The price goes on a bull run, consolidates a bit, and then gathers steam to break new resistances.

[jonald_fyookball]

How's this for a conspiracy theory:

Blockstream raises 71M in VC and for a while claimed their primary offering was "sidechains"
(for which no market really exists.)

Now that the cat is out of the bag, they admit their goal is the lightening network:

Blockstream is collaborating with industry leaders to create a Bitcoin micropayment system
that supports high volumes of tiny payments using proportional transaction fees and that operates lightning fast.
We are now developing Bitcoin Lightning prototypes and creating consensus on interoperability.

They don't literally say they want to restrict main chain scaling so you are forced
to use this payment system, but they might as well, as actions speak louder than words.

[maydna]

Things are looking up in my opinion.

this is what i am often to say to myself if i got bad situation and bad condition, i am sure that everything is going to be ok and so far i see this is make a good impact for me like i am not getting panic if i see the price is down or not too greedy if i see the price is increase suddenly. i think no matter if ETF was decline or approve, bitcoin will still run and survive for the bad situation and if this is happen, i think we see this in the last year and it is already happening to us which bitcoin price is down too far and not moving to up or down again.

[thisappointed]

Things are looking up in my opinion.

I thought they were as well until I realized that China was trying to take control of Bitcoin and many western BU supporters don't seem to understand it or maybe they don't care to because they only see a Core conspiracy.

We don't have to worry about China controlling bitcoin because it is not going to happen. Bitcoin was programmed to be decentralized so that no one could ever control it, and that is one of the advantages of the bitcoin have, so, no matter what China do to control the Bitcoin, it is not going to happen.
What we have to worry about is the Government might kill bitcoin because they can't touch it, they can't put tax on it, they can't steal it, and so on, but let's wish that the SEC would approve the bitcoin ETF, for bitcoins price to continuously goes up and never fall down again.

[Harpua]

BU = Nakamoto's Consensus

As described in Satoshi's white paper.

I'm not suggesting one thing over another... but it is quite funny/scary how quickly this sort of thinking can lead to an almost religious type of thinking that puts Satoshi on some sort of pedestal.  The wonderful thing about open sourced projects is that it's open for anyone to contribute too.  The critical and very important part of this is if someone in the project disappears from the face of the earth, the project can still continue; and therefore the project itself isn't centralized.

It gets dangerous when you try to read into stuff that's in the white paper and apply it to today's situation(s).  Same goes for Jesus fanatics...

[Cherylstar86]

I am confident that eveything is going to be ok and after the drop of price oppotunity opens a new door. Actually price is now climbing again to last higher price higher that we all knew which brought everybody the best expectations, based on the upbringing of price updates.

[n0ne]

Everything is quite ok, just the network experienced a slow down causing transaction delay even on high transaction fee. This has been quoted as a major issue by most bitcoin users around the world. But that's not and now with the ongoing acceptance and adoption making a 130% growth in a week's time when it touched $1293 as well overcoming the price of gold have given hope to bitcoin experts that the year end is expected to give an assured $3000.

[Hexadecibel]

BU = Nakamoto's Consensus

As described in Satoshi's white paper.

I'm not suggesting one thing over another... but it is quite funny/scary how quickly this sort of thinking can lead to an almost religious type of thinking that puts Satoshi on some sort of pedestal.  The wonderful thing about open sourced projects is that it's open for anyone to contribute too.  The critical and very important part of this is if someone in the project disappears from the face of the earth, the project can still continue; and therefore the project itself isn't centralized.

It gets dangerous when you try to read into stuff that's in the white paper and apply it to today's situation(s).  Same goes for Jesus fanatics...

Consensus as described in the paper doesn't leave anything to "read into".

They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.

Miners are beginning to vote. It gets dangerous when people forget that Bitcoin is a Peer to Peer currency.

[Xenophoto]

BU = Nakamoto's Consensus

As described in Satoshi's white paper.

I'm not suggesting one thing over another... but it is quite funny/scary how quickly this sort of thinking can lead to an almost religious type of thinking that puts Satoshi on some sort of pedestal.  The wonderful thing about open sourced projects is that it's open for anyone to contribute too.  The critical and very important part of this is if someone in the project disappears from the face of the earth, the project can still continue; and therefore the project itself isn't centralized.

It gets dangerous when you try to read into stuff that's in the white paper and apply it to today's situation(s).  Same goes for Jesus fanatics...

That is correct but it's only as much as the words that he wrote in the project. There are some other things that aren't written there like some crazy conspiracy or ideology about the whole thing that isn't confirmed yet or anything. I know this for sure because no one's writing every single idea that comes to his mind. The mindset of the person that actually created the whole thing is much better than the people that are going to study it.

This is why most people that are working on a project always have someone beside them. Just in case they die, they have someone that has almost the same thinking as them and knows as much as them in the project. It's like passing it on to another person and the person don't need that much time to cope up compared to people that are going to read the whole paper and do research first.

[dinofelis]

Hoping that It gets well again ,though the value of  bitcoin now is not that bad at all, though there are some issues and failures in transactions in still satisfied on what I'm getting and earning in bitcoin. Hoping that it will goes upward and more developments in bitcoin.

The exchange value of Bitcoin and whatever all of us combined are earning and/or profiting somehow with Bitcoin is a really, really tiny drop in the ocean compared to the scaling issue. If we don't scale today, we don't "earn" tomorrow (and I mean this in multiple ways, and profiting is what least concerns me).

BU = Few Chinese controlling majority of hash

Can't believe anyone would be ok with that.

If that is what Satoshi wanted, guess he wasn't the genius I though he was. Too bad he's not around anymore.

So according to Bitcointalk and other discussion boards, "Core=Few Chinese controlling majority of hash" and "BU=Few Chinese controlling majority of hash".

Time to have a "break it down" post regarding this like some posts we had regarding Core/SegWit and other ideas/implementations?

This "dispute" is nothing else but the immutability dynamics at work, that keeps the protocol as it is, and makes it impossible to find a consensus over an important modification of the rules.  In the same way as immutability dynamics doesn't allow to find a consensus over changing the 21 million coins into 42 million or something.  You see bitcoin's dynamics at work, while you think it are "disputes".  The disputes are the essence of bitcoin's distributed immutability.  This is why the "winner" will be the actual rules and nothing will change.  Learn to live with 1MB blocks and no segwit.  Because that's bitcoin, and it is immutable. 

[bittraffic]

So it is going to be too late for us to buy Dash? i was planing the other day and i should have done it. IF all these are going to continue for the rest of the days until march 13, I have to sell all my coins And start digging to mine gold literally.

[iram3130]

So it is going to be too late for us to buy Dash? i was planing the other day and i should have done it. IF all these are going to continue for the rest of the days until march 13, I have to sell all my coins And start digging to mine gold literally.

Well yeah, it's looking like literally that time to start digging to mine gold but that's not as easy as mining Bitcoin isn't it.. 
I think everything is going to be OK for all the Bitcoin lovers, try some altcoins and buy some and hold of you can.

[crazyivan]

I still do not believe ETF will gain approval today. Still the main benefit is awareness, people getting aware of crypto and Bitcoin because of news coverage. That s what we need to help Bitcoin grow.

[jacafbiz]

I still do not believe ETF will gain approval today. Still the main benefit is awareness, people getting aware of crypto and Bitcoin because of news coverage. That s what we need to help Bitcoin grow.

ETF will not be approved, there is no indication out there to suggest otherwise. The hype is just the handiwork of speculators. I personally don't think Bitcoin need anyone ETF

[FiendCoin]

Just less than a percent to BU for passing the SegWit.

https://coin.dance/blocks

BU = Few Chinese controlling majority of hash

Can't believe anyone would be ok with that.

If that is what Satoshi wanted, guess he wasn't the genius I though he was. Too bad he's not around anymore.

So according to Bitcointalk and other discussion boards, "Core=Few Chinese controlling majority of hash" and "BU=Few Chinese controlling majority of hash".

So, Bu/SegWit = Few Chinese controlling the majority of hash. Both look same. And whatever who will be the winner the result will be same. It seems like BU will be the winner.

Core (SegWit) = a hostile take over of the network via maintaining a 1mb block limit. This was originally just an anti-spam measure. The Core developers are literally being paid by outside actors to maintain this limit and cripple bitcoin.

BU = Scaling Bitcoin On-Chain transactions as originally intended. 2nd layer solutions are still possible.

So are you saying a few elite Chinese do not control the majority of BU hash? Does this not concern you? Does Chinese centralized mining not concern you?

The only thing the Chinese have done is mine bitcoins. They're not trying to make policy. The only people doing that -in an authoritarian way- is Bitcoin Core and Blockstream.

You still didn't answer my questions.