delaying of bitcoin upgrade mean good for altcoins

[benthach]

everyone should thanks bitcoin right now for it delay and stay still, i personally think this is being done on purpose.
chance when bitcoin feel the threat they will doing something and when they do then these altcoins wanting to compete would have no chance, it would be massive bloodbath for them.
you wouldn't never want bitcoin to be a one stop shopping center coin and soon it will be if feel the threat, bitcoin capable of this.
these little kids also need to know none of the altcoins will be adopting by the mass, period, never now and never will be.
now stop being stupid and want to compete with bitcoin because bitcoin created you and it can also destroying you. invest accordingly and shut up, you sound stupid already.

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[benthach]

the name for most of these altcoins sound plan stupid, sometime it would make you wondered if they're being serious or just being a joker jerk to come up with it.
i don't see any of the big altcoins going to last more than 20 or even 10 years of not being going centralized. bitcoin slowly sipping 1 cup of water each day while these little punch sipping 100 gallons of water each day.
it's seem bitcoin game play is do nothing and let these little punch choke itself to death.

it's funny someone would bring a grass hopper to fight with a rooster and people would bet on a grass hopper to win.

[PovertyByte]

What about Ark?

[thepo1m]

99% of those Altcoins I can't touch, I look at some people gambling their Bitcoin for these shitcoins, only selected few of these coins will eventualy succeed because most of them are just experimenting ideas even some ICOs that collected huge millions will suffer this fate.

The delay is certainly helping the market and I expect this to continue for some time.

[benthach]

99% of those Altcoins I can't touch, I look at some people gambling their Bitcoin for these shitcoins, only selected few of these coins will eventualy succeed because most of them are just experimenting ideas even some ICOs that collected huge millions will suffer this fate.

The delay is certainly helping the market and I expect this to continue for some time.

talking about experimenting, it is seem that bitcoin is using these altcoins as experiment without them knowing it. 

[dinofelis]

everyone should thanks bitcoin right now for it delay and stay still, i personally think this is being done on purpose.

No, bitcoin is what it is and will stay that way.  It is in the nature of immutable consensus systems not to change.  The bickering you see in bitcoin's world is the mechanism of immutability: no agreement can be found on change, so nothing changes.  It is this mechanism that protects the protocol: disagreement on change.
So don't count on bitcoin "upgrading".  It won't happen.

[mining1]

Survival of the fittest, adapt or die. This immutability shit going into extreme, letting the chain stop because you can't agree on upgrading is not immutability, it's stupidity. And people jump boats. You can keep your 50$ "immutable" stuck chain. Do you know that it will die if panic happens and many people jump at once ? Because hashrate follows the price, bitcoin can't survive a huge price crash, because the blocktime cannot adapt to new hashrate in time. And you won't be able to send 1BTC for weeks. How many miners will mine for months losing money just to keep it alive? Wake up, is all about money, no faith.

[dinofelis]

Survival of the fittest, adapt or die. This immutability shit going into extreme, letting the chain stop because you can't agree on upgrading is not immutability, it's stupidity.

Immutability is not a decision, it is a phenomenon.  "falling from a mountain until you crash" is not stupidity, it is gravity.
The only way to break out of immutability is forking.  But if your whole value depends on you being "first mover" and have nothing else going for you, forking is not appealing.

[mining1]

The more the war is going on, the more people will lose faith, the more chances for bitcoin to lose the battle to survive. Even if it mantains the crown, reputation of bitcoin as crypto king will be badly affected. People used to follow it blindly like a cult, but not anymore, this changes at a fast pace and they will think twice everytime.

Not upgrading to keep up with the world is not immutability, period. It's just an excuse. Hardforks happen in crypto space monthly without breaking the immutability. Poor excuse for idiots.

[dinofelis]

The more the war is going on, the more people will lose faith, the more chances for bitcoin to lose the battle to survive. Even if it mantains the crown, reputation of bitcoin as crypto king will be badly affected. People used to follow it blindly like a cult, but not anymore, this changes at a fast pace and they will think twice everytime.

But this is very good, because bitcoin's crown is hindering true competition and hence improvement in crypto.  There is clunky old-tech bitcoin as king, and there are the plebs altcoins with better tech.

Once a coin (say ETH) shows that bitcoin is not the king any more, the true competition in crypto will finally break lose.  This will have a lot of consequences.  If bitcoin manages to keep the status of ultimate crypto reserve currency, that's OK, and people will still continue to play greater fool games.  If bitcoin crumbles, then the burning by greater fool games will be so intense, that crypto will get a totally different face.  It will never be considered a "store of value" any more and the greater fool games will stop.  Crypto as a whole will crumble to its real economic value (which is pretty small).

It can be that we will get two or three revolutions before the greater fool game will be over, and that 2 or 3 palace revolutions will replace the current king with the new king... until one realizes that a king always ends up falling on its face.

I don't know what direction it will take.

[benthach]

The more the war is going on, the more people will lose faith, the more chances for bitcoin to lose the battle to survive. Even if it mantains the crown, reputation of bitcoin as crypto king will be badly affected. People used to follow it blindly like a cult, but not anymore, this changes at a fast pace and they will think twice everytime.

Not upgrading to keep up with the world is not immutability, period. It's just an excuse. Hardforks happen in crypto space monthly without breaking the immutability. Poor excuse for idiots.

more dramas more people will want to know about it and will stick to it like glue. read the title of my post again and again then you might get something out of it.

[benthach]

The more the war is going on, the more people will lose faith, the more chances for bitcoin to lose the battle to survive. Even if it mantains the crown, reputation of bitcoin as crypto king will be badly affected. People used to follow it blindly like a cult, but not anymore, this changes at a fast pace and they will think twice everytime.

But this is very good, because bitcoin's crown is hindering true competition and hence improvement in crypto.  There is clunky old-tech bitcoin as king, and there are the plebs altcoins with better tech.

Once a coin (say ETH) shows that bitcoin is not the king any more, the true competition in crypto will finally break lose.  This will have a lot of consequences.  If bitcoin manages to keep the status of ultimate crypto reserve currency, that's OK, and people will still continue to play greater fool games.  If bitcoin crumbles, then the burning by greater fool games will be so intense, that crypto will get a totally different face.  It will never be considered a "store of value" any more and the greater fool games will stop.  Crypto as a whole will crumble to its real economic value (which is pretty small).

It can be that we will get two or three revolutions before the greater fool game will be over, and that 2 or 3 palace revolutions will replace the current king with the new king... until one realizes that a king always ends up falling on its face.

I don't know what direction it will take.

bitcoin is flexible and able to bend but it just not now, it have no reason and don't feel the threat for now. there is no reason for it to stand still and let the train hit it, would you do that to yourself?

[dinofelis]

bitcoin is flexible and able to bend but it just not now, it have no reason and don't feel the threat for now. there is no reason for it to stand still and let the train hit it, would you do that to yourself?

No, because I'm a centralized decision taker.  Bitcoin isn't.  Bitcoin is a system based upon decentralized immutability.  That's what it does: protect the initial protocol, whatever it is.

[benthach]

bitcoin is flexible and able to bend but it just not now, it have no reason and don't feel the threat for now. there is no reason for it to stand still and let the train hit it, would you do that to yourself?

No, because I'm a centralized decision taker.  Bitcoin isn't.  Bitcoin is a system based upon decentralized immutability.  That's what it does: protect the initial protocol, whatever it is.

now picture bitcoin as a centralized decision taker just like yourself, would you think it would stand still and let the train hit it?

bitcoin foundation are bitcoin centralized decision taker. bitcoin itself is not centralized decision taker.

[dinofelis]

now picture bitcoin centralized decision taker just like yourself, would you think it would stand still and let the train hit it?

bitcoin foundation are bitcoin centralized decision taker. bitcoin itself is not centralized decision taker.

No, they thought they were.  They found out that bitcoin is decentralized and has an immutability mechanism.

The only centralization going on in bitcoin, is mining centralization, and these people have no reason to "solve" the issue: the more there is scarcity of transactions, the more fees they obtain.

If bitcoin foundation was the centralized decision taker (like Evan Duffield is in DASH, or Vitalik is in ETH), then segwit would have been adopted already a year ago.

[mining1]

At this rate is just a matter of time before people start the real panic and actually move their value to other projects. No one will give a shit that bitcoin was first, it simply can't move forward like this. Too little too late.

Biggest problem for bitcoin is that it doesn't have a real leadership. Curent developers aren't well respected nor very competent or credible, they aren't able to steer the ship forward. And when you have a team of devs that ain't supported, more developers can appear out of nowhere, propose changes and divide the community even further.

Credibility is very important; Look back at the manipulation of chandler and sillbert when they dumped ETH and bought etc for peanuts in an attempt for flippening, hoping the community and then devs would follow; Vitalik simply stated that a vote was casted several times and the result was the same, therefore it was set in stone and they would not follow the price even if it reversed. The result ? Chandler and shillbert's manipulation fell on it's face. This is real leadership, competency, trust.

Edit: my bad, they had the ETC they didn't buy it. So they tried to double their money in a flippening attempt.

[benthach]

now picture bitcoin centralized decision taker just like yourself, would you think it would stand still and let the train hit it?

bitcoin foundation are bitcoin centralized decision taker. bitcoin itself is not centralized decision taker.

No, they thought they were.  They found out that bitcoin is decentralized and has an immutability mechanism.

The only centralization going on in bitcoin, is mining centralization, and these people have no reason to "solve" the issue: the more there is scarcity of transactions, the more fees they obtain.

If bitcoin foundation was the centralized decision taker (like Evan Duffield is in DASH, or Vitalik is in ETH), then segwit would have been adopted already a year ago.

the mechanism are the miners, do you think miners would want to starve itself to death?

[dinofelis]

At this rate is just a matter of time before people start the real panic and actually move their value to other projects. No one will give a shit that bitcoin was first, it simply can't move forward like this. Too little too late.

Biggest problem for bitcoin is that it doesn't have a real leadership.

That's what "decentralized" means.  I know that ethereum isn't, and DASH isn't.  But decentralized is absence of leadership, absence of voting, absence of anything that might "decide" otherwise but to keep things the way they are.  If not, it is not decentralized, there is a hierarchy, there is leadership, and we are in a classical monetary system.

[mining1]

You are wrong. Decentralized means no one owns it and it's not all hosted in one place, therefore it doesn't depend nor is affected by any one person or few individual decisions. It is affected by the will of majority. Voting is decentralization, DAO was a great example of decentralization and it put the decision in people's hands. Too bad it was poorly executed.
Leadership is also needed, blockchain tech isn't at the stage where it can go forward without leadership. For that to happen it will have to be perfect. It's not and it won't be for the next 2-5 years. You have a really flawed logic.

[mining1]

Iamnotback usually has a very rational thinking and he would probably agree with me here ( i criticised him alot so that may not happen lol ).