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Author Topic: So easy to make people panic. right?  (Read 2392 times)
Taki
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March 19, 2017, 05:03:44 PM
 #21

i am asking again. Can someone answer?
what happens to my cold storage bitcoins after the hardfork takes place? (if it take place)
Do i get equal bitcoins on both the chains to spend twice?
Once again I repeat... If you have bitcoins and there is hardwork, now you have bitcoins in both chains. You need not do anything. Simple.

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March 19, 2017, 05:07:05 PM
 #22

I recommend you to store your bitcoins in a personal wallet that you control with the help of private keys. This ensures that your bitcoins will be available in both blockchains. In this case, you will be able to access the BTU using the customers Bitcoin Unlimited, and to dispose of the tokens of the original network using any wallet that supports Bitcoin Unlimited. Do not store coins on exchanges.
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March 19, 2017, 05:32:04 PM
 #23

It's unbelievable all the people that think they have the magical solution to "Bitcoin" when they could easily make an alt-coin with Seg-wit, unlimited blocks, etc. Look, if Satoshi wanted the Blocksize to be 2mb he would have made it that.

Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.
As you had said his name (miss  Cry an account named satoshi), I'm wondering if he show up for resolve this dilemma, he is the founder, he has a big name, majority of us here will support whatever he said. Or, is he forget his account password?  Shocked Lips sealed

People will trigger to panic sell if they look at suddenly drop within 5-10%, more than that is crash I think.
Even though they want to believe on bitcoin, but people interest to convert bitcoin into fiat money at higher price are inevitable obviously.
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March 19, 2017, 05:51:40 PM
 #24

Ok so due to BU the size of blocks can be increased which will result in faster transaction confirmation and eventually less price so my question is (correct me if i am wrong) What's stopping some another stupid developer to create another fork in which he increases the supply of bicoin lol and majority of the nodes start accepting that? May be then all the hodlers will be doomed?

they didn't panic because of BU they did because of antpool that moved 75% of its hash to BU, that is what is causing the panic, antpool is a very large pool the biggest one, if that is moving the hash other might follow, this is what worry investors

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March 20, 2017, 10:40:46 PM
 #25

It's unbelievable all the people that think they have the magical solution to "Bitcoin" when they could easily make an alt-coin with Seg-wit, unlimited blocks, etc. Look, if Satoshi wanted the Blocksize to be 2mb he would have made it that.

Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.
At first as I know from lauda and other members, satoshi wasn't good in programming so I doubt he wouldn't be able to do things as he wished.

It seems it's really easy to make people panic and that example already showed it to us. Transactions with low fee would be good from the begining and maybe we would avoid such situation, who knows..

Satoshi, greatest computer engineer of all time, was not good at programming Cheesy ! How stupid things people can say ! These stupid things also always come from people that does not know anything about programation by the way !
Yes, people can to say very stupid things so it's better for you to shut your mouth. From your words, it seems don't know anything about programming and it's better to stop talking because the more you talk, the more silly things you say.
Let's check this: https://bitcointalk.org/index.php?topic=1678565.msg16875819#msg16875819

I am waiting your answer, maybe Lauda and I are wrong and don't know anything  Grin  Grin Grin Grin Grin or maybe only you  Grin Grin

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March 21, 2017, 04:43:40 AM
 #26

It's super easy to make people panic - especially in terms of economics and their finances. No one wants to lose anything. That's the case with all the FUD surrounding the hard fork.

There's all this propaganda being spread around the community - especially by the mainstream media - that the core is dead and that we must switch to BU. However, BU is not how Bitcoin is supposed to work and is one of the biggest scams that has been placed on the users of this community.

Obviously we have an issue with the blocksize and we have for a long time. However the solution isn't as simple as just let the miners choose their block size preference and move on. This is not how Satoshi designed the currency. Nevertheless, media sources and FUD spreaders hate Bitcoin and wish to see it die, which is why they're forcing BU down our throats while telling us that we must use BU if a fork takes place.

I don't think a fork will happen though. Bitcoin is too profitable and there is not that much support for BU. These 45% numbers are false and presented by large company pools which are stored in one giant building - and thus not representative. Let's say that there is a fork. Here's what will happen. The blockchain will split into two, and you will still have the same amount of Bitcoins, just also the same amount of BU. It will split into two currencies, and users can choose whichever they prefer. In this case, we will see exactly how badly BU performs and everyone will move right back to the core.

So is there need for panic? No. The core will come out on top, as it always has, and as Satoshi designed it to do.

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March 21, 2017, 05:26:36 AM
 #27

It's unbelievable all the people that think they have the magical solution to "Bitcoin" when they could easily make an alt-coin with Seg-wit, unlimited blocks, etc. Look, if Satoshi wanted the Blocksize to be 2mb he would have made it that.

Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.
This is a strange fallacy and I think it rose from the common description of Bitcoin as "digital gold" which definitely no one described it at the start of Bitcoin's creation.

Bitcoin was always supposed to be a currency.  Satoshi would tell you that and he did, in the white paper for Bitcoin entitled "Bitcoin: A Peer To Peer Electronic Cash System".  It really couldn't get much clearer than that.

What Satoshi also wanted was for Bitcoin's code to be open source, which it is, and for necessary modifications to be made to it, which they are.  BU is not a good modification to make but if the majority of hashing power supports it that will be what rightfully changes the code and creates a new version.

Iranus, this is no strange fallacy, this is reality. Confirmed by many individuals from around the world on a permission-less system with way more than $15 Billion USD-worth backing this reality - that Bitcoin's primary use has emerged to be store of value/investment. I detail out the dynamics of this in the post: "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalk.org/index.php?topic=1834310.msg18256120#msg18256120

Iranus, you can release a version of the entire bitcoin code and modify it where you think Bitcoin is broken - this is called an "altcoin" or why don't you just go to Ethereum which is an amazing appcoin, very smart contract technology and is a permissioned system with LOTS of development - why don't you do this? Why keep coming back to talking about Bitcoin? 

Because Bitcion is UNMATCHED, is permission-less, immutable, established, decentralized, and backing this decentralization is a limited-size 1mb block. This makes it beautiful. (if it were a 10mb block there would be NOTHING beautiful about it)

BitcoinBarrel well said! It's worth repeating your line "Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin."
-do i have your permission to use this quote freely? I like it.

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March 21, 2017, 06:48:40 AM
 #28

Ok so due to BU the size of blocks can be increased which will result in faster transaction confirmation and eventually less price so my question is (correct me if i am wrong) What's stopping some another stupid developer to create another fork in which he increases the supply of bicoin lol and majority of the nodes start accepting that? May be then all the hodlers will be doomed?

Well that guy will not get enough hashing power nor support in the community for the fork to be accepted.

Plus, nobody will be so stupid to accept that fork. Anyone can make a fork, even you and me can make one. but what matters is that if your fork gets the majority of bitcoin's total hashing power, and whether the community appreciates it.

So an answer to your question is no, HODLers won't be doomed because it'll never happen in the first place.

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March 21, 2017, 08:16:26 AM
 #29

BitcoinBarrel well said! It's worth repeating your line "Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin."
-do i have your permission to use this quote freely? I like it.

making bullshit bold and add an underline and increasing the size doesn't make it correct. that statement is only "BitcoinBarrel"'s personal opinion and he couldn't be more wrong.

if you want to quote, then quote the proper thing. let me help you find the proper thing: https://bitcoin.org/bitcoin.pdf
you don't even need to dig in much.
the title says: "Bitcoin: A Peer-to-Peer Electronic Cash System"
and throughout the paper Satoshi Nakamoto calls bitcoin as "electronic cash", an "electronic payment system".

and i don't need to bold, underline, big size this. all of bitcoin users and those who really believe in the system know this. if you want to believe it is "supposed to be only a store of value" then that is your own personal choice.

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March 21, 2017, 11:56:18 AM
 #30

It's unbelievable all the people that think they have the magical solution to "Bitcoin" when they could easily make an alt-coin with Seg-wit, unlimited blocks, etc. Look, if Satoshi wanted the Blocksize to be 2mb he would have made it that.

Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.
At first as I know from lauda and other members, satoshi wasn't good in programming so I doubt he wouldn't be able to do things as he wished.

It seems it's really easy to make people panic and that example already showed it to us. Transactions with low fee would be good from the begining and maybe we would avoid such situation, who knows..

Satoshi, greatest computer engineer of all time, was not good at programming Cheesy ! How stupid things people can say ! These stupid things also always come from people that does not know anything about programation by the way !
Yes, people can to say very stupid things so it's better for you to shut your mouth. From your words, it seems don't know anything about programming and it's better to stop talking because the more you talk, the more silly things you say.
Let's check this: https://bitcointalk.org/index.php?topic=1678565.msg16875819#msg16875819

I am waiting your answer, maybe Lauda and I are wrong and don't know anything  Grin  Grin Grin Grin Grin or maybe only you  Grin Grin

I find you pretty aggressive. So I guess because Lauda said he his bad then he is bad ? This is a bad argument of authority.

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March 21, 2017, 12:05:16 PM
 #31

It's unbelievable all the people that think they have the magical solution to "Bitcoin" when they could easily make an alt-coin with Seg-wit, unlimited blocks, etc. Look, if Satoshi wanted the Blocksize to be 2mb he would have made it that.

Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.
Yes bitcoin is digital gold and BU shouldnot be supported for just quick transactions and less fees.But bitcoin core developers must find a solution to this block size problem.But i think miners would love to continue bitcoin mining as it would be more profitable for them.
If BU has their way they will cause BTC to be split into BTU and some other alt coin then there will be a complete divide down the middle.
This will cause utter chaos on the market of the btc price. Shocked

So yes it is easy to make people panic.
Wouldn't you if your bitcoin was worth half of what it was just the night before.
Stuff of nightmares right there! Embarrassed

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March 21, 2017, 01:03:18 PM
 #32

Ok so due to BU the size of blocks can be increased which will result in faster transaction confirmation and eventually less price so my question is (correct me if i am wrong) What's stopping some another stupid developer to create another fork in which he increases the supply of bicoin lol and majority of the nodes start accepting that? May be then all the hodlers will be doomed?

In this case a lot of the conspiracy theories. Because this will have a relationship between the miners and the stupid dev. Without the backed from the miners, the stupid dev can't do anything. because they're gaining a permission to fork the chain according to the consensus rule.

The key is the miner itself.

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March 21, 2017, 09:22:27 PM
 #33

Yes it is as currently most users are from china and all the investors are total fools and can't understand their government just want those idiots to go mad and tbey easily get tricked to sell all their bitcoins thus trashing bitcoin to 1000$ and losing bitcoin stable growth.
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March 22, 2017, 09:18:22 AM
 #34

It's unbelievable all the people that think they have the magical solution to "Bitcoin" when they could easily make an alt-coin with Seg-wit, unlimited blocks, etc. Look, if Satoshi wanted the Blocksize to be 2mb he would have made it that.

Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.
At first as I know from lauda and other members, satoshi wasn't good in programming so I doubt he wouldn't be able to do things as he wished.

It seems it's really easy to make people panic and that example already showed it to us. Transactions with low fee would be good from the begining and maybe we would avoid such situation, who knows..

Satoshi, greatest computer engineer of all time, was not good at programming Cheesy ! How stupid things people can say ! These stupid things also always come from people that does not know anything about programation by the way !
Yes, people can to say very stupid things so it's better for you to shut your mouth. From your words, it seems don't know anything about programming and it's better to stop talking because the more you talk, the more silly things you say.
Let's check this: https://bitcointalk.org/index.php?topic=1678565.msg16875819#msg16875819

I am waiting your answer, maybe Lauda and I are wrong and don't know anything  Grin  Grin Grin Grin Grin or maybe only you  Grin Grin

I find you pretty aggressive. So I guess because Lauda said he his bad then he is bad ? This is a bad argument of authority.
I amn't aggressive but why is it bad argument? He/She is administrator on this forum and has much experience than any other members. You talk like you know satoshi in reality. I don't care if satoshi was good or bad at programming but you don't had to say that people say stupid things.
Hope this task will end Grin

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March 22, 2017, 12:58:03 PM
 #35

Ok so due to BU the size of blocks can be increased which will result in faster transaction confirmation and eventually less price so my question is (correct me if i am wrong) What's stopping some another stupid developer to create another fork in which he increases the supply of bicoin lol and majority of the nodes start accepting that? May be then all the hodlers will be doomed?
This is what every altcoin  dev is doing. The price of one coin is not decided by the dev team nor exchanges. When one developer comes with any modifications on bitcoin's coding then that will be just a new altcoin, nothing more. That will get its prices based on demand from crypto people. You can not have same bitcoin system but with altered parameters.

Your statements will not make bitcoiners panic as these types FUD are classified as rumors and in deep analysis people will make conclusions about the possibilities. Frankly, I laughed on reading your post rather than your expected panic.
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March 22, 2017, 01:11:57 PM
 #36

Yes it is as currently most users are from china and all the investors are total fools and can't understand their government just want those idiots to go mad and tbey easily get tricked to sell all their bitcoins thus trashing bitcoin to 1000$ and losing bitcoin stable growth.
You seriously think that China cares about a few ping pong traders? The Chinese government only cares about people that are using Bitcoin as a tool to move wealth out of their country, that's it.

For long it has been a general nightmare for the Chinese government as they are going full nuts on everything that allows people to move wealth from one place to another.

I guess such paranoid behavior is part of their communistic-ideology. Other than that, China doesn't play a significant role in trading anymore, so whatever happens, it won't impact us.

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March 22, 2017, 02:15:45 PM
 #37

Yes it is as currently most users are from china and all the investors are total fools and can't understand their government just want those idiots to go mad and tbey easily get tricked to sell all their bitcoins thus trashing bitcoin to 1000$ and losing bitcoin stable growth.
You seriously think that China cares about a few ping pong traders? The Chinese government only cares about people that are using Bitcoin as a tool to move wealth out of their country, that's it.

For long it has been a general nightmare for the Chinese government as they are going full nuts on everything that allows people to move wealth from one place to another.

I guess such paranoid behavior is part of their communistic-ideology. Other than that, China doesn't play a significant role in trading anymore, so whatever happens, it won't impact us.
I agree with you. China I think doesn't play a significant role in trading anymore. For me the one always impacting bitcoin is the fuds, news that spread that are related with it. It makes people panic so easily. I really doesn't care though as long as many profits from it, its fine but I pity those who lose money from it, I think they need to be wiser next time to not sell early just because of panic.

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March 22, 2017, 02:34:57 PM
 #38

BTCBTCBTC

Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.

Really It is
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March 22, 2017, 02:40:06 PM
 #39

No, it was the idea was to let it be a global crypto backed digital paying system. And it has become a store of value. Well, not a good one the last couple of days  Roll Eyes
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March 22, 2017, 02:59:19 PM
 #40

BTCBTCBTC

Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.

Really It is
Hi, I can see you are a newbie here, so maybe you don't know it, but if you copy someone's sentence exactly word by word from his previous post, you should put it to a propper code marks like this [ quote]...[/quote ].
Otherwise it may look that it is your own sentence, especially if it makes 90% of your post. Wink

It should look like this:
Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.
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