No SegWit? No $10k Bitcoin. It's that simple..

[ImHash]

~SNIP~
The smart money is starting to recognize my expertise.

I really don't know why people are arguing about impossibles? we the re*ards should follow the mr big snip here, NO we shouldn't.
Who is taking our wealth? pools are very well distributed geographically and hash power wise, the first 6M bitcoins were mined by less than 10 people and the second 6M were mined by less than 1000 people and the third part which are 4.3ish M coins are being mined by millions.
Only 4M bitcoins are actively circulating in the system, however I agree there are some people/ agencies/ organizations accumulating secretly and slowly because they know about the secret, the big secret of bitcoin which I will not disclose here

[FiendCoin]

WARNING....



I have a new theory on what Jihan's strategy may be...

Re: What does everyone think on Iamnotbacks view on Jihan and current UASF situation

Jihan has full control over segwit in LTC too. The only way BTC or LTC can get segwit is UASF. UASF will get more and more support overtime. People are just not going to sit back and see how BTC becomes useless for 99.99% of population, so JihanChain will not get any support.

I don't know if Jihan plans to try block SegWit entirely from Litecoin. I don't understand what his motivation to do that would be. It seems insane.

But I will say that none of your UASF shit will work. So Jihan might be trying to create a fight with you so that he can take your LTC and BTC from you. The more I think about this, the more I realize he may be trying to draw you UASF retards into a fork war trap so he can strip you of your wealth. Everybody who values the value of blockchains will sell the UASF fork, because democracy totally devalues blockchains and makes them worthless. I think Jihan wants to make money while also making an ideological point. It is survival-of-the-fittest and he wants to impoverish all those who don't understand that immutability is what makes blockchains valuable and democracy is what makes everything bankrupt, untrustable, and valueless. However, after bankrupting all the USAF, BU, Blockstream retards, I think he might allow SegWit to proceed on Litecoin as its final upgrade (because otherwise scaling will move to another altcoin which he can't profit on). I think he may be stalling and playing shenanigans not only to maximize profit interim, but also to instigate a fork fight with retards, so he can once and for all teach them they can never succeed. What better way to teach than by taking all their money. I try to teach with words. Jihan is more efficient. He understands that men understand spanking better than words.

Interesting discussion going on over there... (click the quote if you're interested to go read the context)

Also BTC will not be used by billionaires only, that's stupid, people will demand changes so bitcoin cannot be used only by a handful of people on earth. If it takes UASF then UASF will happen so segwit + LN can happen and everyone can use bitcoin, additional blocksize increases will come too. Nobody will support the "billionares only blockchain", that's stupid.

Sorry you can't do anything to stop it:

...such nonsense as UASF.

Cry and scream all you want. You are wasting your time fighting what is inevitable.

Soon you will realize this. Go ahead and try. My popcorn is laughing.

It's as easy as UASF + PoW change with a new solution such as randomly changing algorithm to avoid efficient ASIC stacking.

"BillionaireChain" used by 2,000 people on earth will be seen as a joke by the rest of the population and it will no longer be Bitcoin. Progress will move on.

None of your democracy shenanigans will prosper. But feel free to lose all your wealth trying.

The opinion of the masses does not matter, if we presume that fungible money will remain supreme in the economy.

I have one alternative to offer which is the theory that the economy will bifurcate into fungible money driven tangible economy and a knowledge age economy in Inverse Commons. The latter is what my BitNet project is about. If I am correct, then that will be our only alternative.

But don't believe me. Please go waste your time and lose all your wealth. The smart money is starting to recognize my expertise. Please do your own due diligence.

iamnotback- Jihan Wu = Evil Genius

FiendCoin- Jihan Wu = Millennial Nerd (in over his head)

Time will tell who's right...  

[lionheart78]

It's funny because without this blocksize debate started by Core we would have been over $10,000 by now.

I think it does not matter whether Segwit is implemented or not.  Bitcoin price will keep on increasing.  Price increase is inevitable due to the influx of new user with FOMO in their head.  Aside from that, does this new user care about Bitcoin Technology?  I guess no, they are after the profit.

[iamnotback]

You are blinded.

Of course you are, because you are retarded.

The 'vested interest' that you speak of, is already in the hand of retarded control freak.

No he is very noble. You're the democracy freak we are going to destroy.

I don't know why you don't realize it but you are in fact proving me right.

The Dunning-Kruger retard slime is oozing from your nostrils and you are slobbering in it.

'Uhhh, can SHA256 ASICs on the scale owned by Bitmain be profitably repurposed to any other coin? No.'

ETH is an economic power and was build to not fall in control of a monopoly, other than the initial investment. Want a way out? sell your coin. Acsi race is just a mess, and those who won that race are manipulating BTC/LTC for their own agenda, while Satoshi made bitcoin to get rid of this kind centralization.

ETH > ETC because of the leadership and the will of the MANY. nothing else, certainly not ASCI investment... !!!!!!! GPU mining was made to get rid of as soon as PoS get in, What does not align in your mind?

You don't understand the game theory of Bitcoin that Satoshi designed.

Jihan can't control anything. All he can do is prevent others from controlling anything. It is a stalemate, not a power-vacuum.

Whereas for GPUs, it is a power-vacuum so you have to trust the BDFL in charge of ETH.


Sorry you are just wrong. If you want remain hard-headed, then you will lose all your money as it is intended to be. Those of us who aren't retarded, will take your money from you when you forkoff.

And I tend to make fun of you because you are a mess and you are defending something that stinks 20 miles around and everybody is already disgusted.

You must have an agenda to defend such behavior and sooner or later we will all find out

You are making an asshat for yourself when you try to insult someone who is sincere and expert.

My agenda is to destroy democracy. We don't need it. It is very corrupt. Democracy is a power vacuum that destroys everything. And I can't force retards who want to destroy themselves, not to. You are free to lose your money. Feel Free. 

[Qartada]

The market has decided. Whether or not you have.

Core, BU, Classic, XT.. blah blah blah.

You can't fight the market. Or you'll lose.

And right now.. we're ALL losing.

The market has left Bitcoin at about $1225, which is the highest since the ETF hype, despite BU being back on about 35% (unfortunately).  The post just doesn't make any sense, BU isn't actually doing too bad and yet the price is pretty damn high and none of us are losing.

I would say that it's because the market expects nothing to happen, so whales are just putting money into Bitcoin expecting it to become more of a store of value.  SegWit would be good for the market in the long term because of a healthy increase in transaction volume (and the LN could make Bitcoin a lot more popular in the future) but it's not really affecting the price now.

[maku]

Someone can tell me why SegWit takes so long to activate for Litecoin? We seem to be stuck around ~70% since 2 weeks.
Who and why is blocking it, Chinese Miners are trying to control the network again and block SegWit?
If this continue LTC will suffer the same fate as Bitcoin which is forever stuck between Bitcoin Unlimited and SegWit.

[lolikop]

Give it time, if anyone wants a fast buck join the alts with low marketcap

[RoadTrain]

It's funny because without this blocksize debate started by Core we would have been over $10,000 by now.

It's funny because without this blocksize debate started by Gavin Andresen we would have been over $100,000,000,000,000 by now.

[hase0278]

It's funny because without this blocksize debate started by Core we would have been over $10,000 by now.

It's funny because without this blocksize debate started by Gavin Andresen we would have been over $100,000,000,000,000 by now.

How can you be so sure that we would be over $100,000,000,000,000 by now if he didn't start this blocksize debate? I think if he didn't start it yes the price might be greater than the price we have now but I think ti would not be that big and that would be too big to reach for just a very short time. I think we would reach $10,000+ prices decades from now but reaching $100,000,000,000,000 price would be a pipe dream even if bitcoin lives in the next 2 centuries unless there would be a good news that will drive price up to that point which I think would be a miracle to happen soon.

[RoadTrain]

It's funny because without this blocksize debate started by Core we would have been over $10,000 by now.

It's funny because without this blocksize debate started by Gavin Andresen we would have been over $100,000,000,000,000 by now.

How can you be so sure that we would be over $100,000,000,000,000 by now if he didn't start this blocksize debate? I think if he didn't start it yes the price might be greater than the price we have now but I think ti would not be that big and that would be too big to reach for just a very short time. I think we would reach $10,000+ prices decades from now but reaching $100,000,000,000,000 price would be a pipe dream even if bitcoin lives in the next 2 centuries unless there would be a good news that will drive price up to that point which I think would be a miracle to happen soon.

That post was was a sarcastic reply to an unfounded 'would-have-been' speculation.

[European Central Bank]

Chinese Miners are trying to control the network again and block SegWit?

it looks like it. now they're talking uasf. i think the segwit bit is between their teeth no matter what the chinese pull now. everyone else is itching to teach them a lesson.

i don't really see how it's gonna pan out as uasf seems to be a nearly brand new idea. how many people actually know anything about how it works?
 

[iamnotback]

Re: USAF Economic Weight

Can anyone check the validity of my assertions so far?

Can BIP148 be cancelled?

Yes. In the event that the economic majority does not support BIP148, users should remove software that enforces BIP148. A flag day activation for SegWit would be the next logical steps and require coordination significant manipulation of the community, most likely towards the end of 2018.

Fixed it for them.  

Well I believe you are correct that a chain split will indeed occur if the longest PoW chain
doesn't support segwit.  The outputs from the new transaction types won't be recognized
by the legacy chain and therefore, any blocks mined with subsequent transactions using
those outputs may not validate.  The 'backwards compatibility' of segwit only means your
wallet won't stop working just because you're not using the new transaction types, or
if you're a minority miner, you can still mine blocks with non segwit transactions,
but the block will always be on top of the longest chain.

The idea behind UASF is to persuade/influence/ miners to fork, but
the problem is that anything except hash power is relatively inexpensive
to spoof.  So, this goes against the philosophy of Bitcoin PoW.

You guys are just regurgitating what you read from me here, here, and here.

But that is good. At least you're learning.

Now you guys need to learn this, this, and this.

You're making some progress but until you lose the itch to destroy yourselves by ganging up as a MOB, then you will continue to destroy yourselves.

[spartacusrex]

No Blockstream? 100k Bitcoin by now.

That's a whole other thread.. 

Right now, with the weapons we have at hand.. there is ONLY one path to take..

[South Park]

The market has decided. Whether or not you have.

Core, BU, Classic, XT.. blah blah blah.

You can't fight the market. Or you'll lose.

And right now.. we're ALL losing.

The problem with segwit is that it is designed to never take place. You will never have more than a super majority for a change like this. So the designers are either stupid or don't want it to happen.

U will never have miners agree on anything with 95%. You can ask them if we should change the 21m cap and 5% will say yes.

I am supporter of segwit and want it implemented. But it would be much easier with a hf and much lower treshhold.

I think you might be right. There will always be that 5% of people who want to see the world burn. They won't follow the rest just to be different, to show they are individualistic nonconformists.
The percentage should be lowered to at least 80%, which already is a vast majority. If politicians need only 51% and it's considered fair, why do we need 95?

The percentage needed for politicians to be elected or to change laws change from country to country, in some countries you can win the elections with way less votes than 50% plus one vote, and when changing some laws in some countries you need over 66% of members of the legislature.