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Author Topic: BitPay stands for many 1000 of shops. They are economic relevant users!  (Read 798 times)
hv_ (OP)
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August 20, 2017, 07:23:19 AM
 #1

BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

Carpe diem  -  understand the White Paper and mine honest.
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August 20, 2017, 08:03:31 AM
 #2

BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

Bitpay has absolutely no right to speak for anybody except themselves!
Merchants can chosse other payment processors of they want, Bitpay is not the only one out there.
These guys have lost a lot of credibility in the industry since they are just another echo chamber and paid shills by Jihan.
I expect them to close their doors in a few years and new implementations in BTC will make their business model obsolete.
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August 20, 2017, 08:14:10 AM
 #3

BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

Well bitpays is not the only one who are looking at that direction. But their voice as you said is one big help to the merchant community and to all bitcoin users. The high fees did not went down even after the segwit activation and after the blocksize is increased. Users are expecting that the reduction of transaction fee will occur but it was not realized. But anyway let us hope for more sites like bitpay and we should rise and ask to lessen the transaction fees.

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hv_ (OP)
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August 20, 2017, 08:43:24 AM
 #4

BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

Bitpay has absolutely no right to speak for anybody except themselves!
Merchants can chosse other payment processors of they want, Bitpay is not the only one out there.
These guys have lost a lot of credibility in the industry since they are just another echo chamber and paid shills by Jihan.
I expect them to close their doors in a few years and new implementations in BTC will make their business model obsolete.

Quite interesting that some single guy is now responsible for    ...  what?

Some of us have too easy denking...

Carpe diem  -  understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
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August 20, 2017, 09:15:02 AM
Last edit: August 20, 2017, 09:30:37 AM by DooMAD
 #5

Bitpay has absolutely no right to speak for anybody except themselves!

BitPay are speaking for themselves, despite the obvious fact that certain egos within this community wish they couldn't and will do everything in their power to silence opposing views, all whilst they exert their decidedly narrow views on everyone.  If anything, it's bitcoin.org that like to pretend they speak for everyone (while not letting them speak and removing BitPay/CoPay from their website, along with anything else the egomaniacs who run the site personally disagree with).  The hypocrisy about "speaking for" people is beyond staggering here, especially on this forum.  Clearly neutrality and impartiality are all but dead in this conflict.  All I see now are a bunch of rabid fanboys flailing at each other like they have special needs.  It's just sad.

Personally, I'm just gonna sit back and enjoy the spectacle as impartially as possible, whilst occasionally (actually, that's a lie, frequently) passing disparaging comments about how pathetic most of the people involved are in trying to feebly dictate a narrative they clearly have no control over.  Consensus will decide and you're all idiots for pretending otherwise.  No amount of suppression, restriction, concealment or interdiction will change this.  Fight it as much as you want, because authoritarianism is weak and pitiful in a permissionless environment.  These paltry amateur dramatics are pretty much irrelevant.  It all rides on numbers now and that's all that matters.

Whoever "wins", (most of) you all still suck.  History will forever judge this period in time as one of childish, infantile bickering and little else.  One way or another, there will be a longest chain with the most proof of work and anyone with any sense will be following it.

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hv_ (OP)
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August 20, 2017, 11:04:32 AM
 #6

Bitpay has absolutely no right to speak for anybody except themselves!

BitPay are speaking for themselves, despite the obvious fact that certain egos within this community wish they couldn't and will do everything in their power to silence opposing views, all whilst they exert their decidedly narrow views on everyone.  If anything, it's bitcoin.org that like to pretend they speak for everyone (while not letting them speak and removing BitPay/CoPay from their website, along with anything else the egomaniacs who run the site personally disagree with).  The hypocrisy about "speaking for" people is beyond staggering here, especially on this forum.  Clearly neutrality and impartiality are all but dead in this conflict.  All I see now are a bunch of rabid fanboys flailing at each other like they have special needs.  It's just sad.

Personally, I'm just gonna sit back and enjoy the spectacle as impartially as possible, whilst occasionally (actually, that's a lie, frequently) passing disparaging comments about how pathetic most of the people involved are in trying to feebly dictate a narrative they clearly have no control over.  Consensus will decide and you're all idiots for pretending otherwise.  No amount of suppression, restriction, concealment or interdiction will change this.  Fight it as much as you want, because authoritarianism is weak and pitiful in a permissionless environment.  These paltry amateur dramatics are pretty much irrelevant.  It all rides on numbers now and that's all that matters.

Whoever "wins", (most of) you all still suck.  History will forever judge this period in time as one of childish, infantile bickering and little else.  One way or another, there will be a longest chain with the most proof of work and anyone with any sense will be following it.

It really looks like some group wanna undo, revoke, revert 8 successful years of bitcoin bootstrapping across all levels of society and user levels. For what benefit? Serving egos? power?

Bitcoin has just grown too big for single (group) minds and this is good.

The process of diversifying was seen too long in the alts section - not good - but with diversifying into different dev groups, clients on bitcoin this should stop soon, I hope !

We need more merchants to take over and claim their user rights, I wd feel much better with this as having ranting rasp pi users in the driver seats - unstability and bad reputation programmed!

Carpe diem  -  understand the White Paper and mine honest.
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August 20, 2017, 11:49:16 AM
 #7

BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

The insanely huge hipocrisy of clamining everyone that uses BitPay is ok with whatever the NYC agreement says is typical of the big blocker's delusional mindset.

If you think any of the casual users that use BitPay automatically agree with the NYC agreement you must be on crazy pills. None of these people know what the fuck is going on with Bitcoin, they are the casual users that may buy a game or two on Steam and whatnot. This doesn't mean they sign the NYC agreement too, mostly because they aren't even qualified to understand what the matter is.

Nice job by big blockers taking people hostage and claiming they agree with their bullshit. Have fun explaining them how your idea is so awesome as the price crashes heavily come November when Jeff Garzik, the blockchain inspector, pushes his agenda and shitty malware on users.
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August 20, 2017, 12:02:57 PM
 #8

Thats what UASF meant to be, users deciding what Bitcoin is. BitPay, Coinbase and other NYA signers have most Bitcoin economic activity, so it is fair they influence the most what Bitcoin really is. And as always for the small guys who disagree: if you dont like it, just use some other altcoin (I heard it so many times with relation to Bitcon fees from them so now its their turn to choose altcoin instead)
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August 20, 2017, 12:29:08 PM
 #9

Quote from: hv_ LinkedIn=topic=2104633.msg21032432#msg21032432 date=1503213799
BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

It is not what users want, it is what BitPay wants (NYA).

Apart from BitPay there are other bitcoin payment gateways/ service providers for merchants.

Already two LN wallets have been tested on the bitcoin testnet. Wait for LN to be implemented and PoS's to integrate it.

I guess what users want is microtransactions/transactions at the lowest fee, what merchants want is instant transaction/confirmations, globally what users want is cross border transactions at 1/3 the fee of centralized services. Guess it is possible with LN.

If the alt is BCH, I don't see how pumping alone pushes a no real world usage coin, the recent  surge is just pumping. It would drop below $600 by tomorrow or day after tomorrow. So I don't think alts are taking over.
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August 20, 2017, 12:49:58 PM
 #10

BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

High transaction fees are a problem. Is the developers don't listen to the voice of a majority of people, they run the risk of people switching to Bitcoin Cash. Now you don't need other alts to take over.


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August 20, 2017, 01:13:56 PM
 #11

Thats what UASF meant to be, users deciding what Bitcoin is. BitPay, Coinbase and other NYA signers have most Bitcoin economic activity, so it is fair they influence the most what Bitcoin really is. And as always for the small guys who disagree: if you dont like it, just use some other altcoin (I heard it so many times with relation to Bitcon fees from them so now its their turn to choose altcoin instead)

Wrong, owners of bitcoins influence community consensus by trading in open market and determnining what chain is the most valuable and deserves the most resources in a form of PoW. Companies like Coinbase and BitPay don't represent the will of their customers, but they can force their decision on them, since they control the private keys. When it comes to forks with no replay protection, it becomes especially dangerous, because it will for sure make many people lose their coins on both chains.

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August 20, 2017, 02:30:49 PM
 #12

Thats what UASF meant to be, users deciding what Bitcoin is. BitPay, Coinbase and other NYA signers have most Bitcoin economic activity, so it is fair they influence the most what Bitcoin really is. And as always for the small guys who disagree: if you dont like it, just use some other altcoin (I heard it so many times with relation to Bitcon fees from them so now its their turn to choose altcoin instead)

Wrong, owners of bitcoins influence community consensus by trading in open market and determnining what chain is the most valuable and deserves the most resources in a form of PoW. Companies like Coinbase and BitPay don't represent the will of their customers, but they can force their decision on them, since they control the private keys. When it comes to forks with no replay protection, it becomes especially dangerous, because it will for sure make many people lose their coins on both chains.

I wonder how many failed hardforks will it take for corporate fiat hyenas to understand that in bitcoin you only matte if you are holding the damn thing. These CEOs of whatever corporation don't matter, they don't hold bitcoin, they hold fiat, USD, EUR or whatever, they don't want the best for Bitcoin, they want the best for the fiat they are holding and getting paid in, and losing their BTC on. 

Unfortunately, they do have an impact on the price, because they create FUD, crashing the price.
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August 21, 2017, 02:20:50 AM
 #13

Alts taking over? A symbiotic relationship with alts has always been and always will be fine to me, use dash or litecoin for your pint and burger use Bitcoin to pay interest on a loan from a Chinese investor.

I also fancy such symbiotic relationship between Bitcoin and the Altcoins but it seems these Alts are totally dependent on Bitcoin and so if Bitcoin is falling in value they also fall in value and vice versa. This makes it difficult for us to diversify our funds since they are all likely to follow a particular graph curve.
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August 21, 2017, 02:33:28 AM
 #14

its not surprising because alo of people are now holding altcoins which could suggest what cions to accept. if there will be just one coin that we all a appreaciating it will be just bitcoin that these merchants that will be accepting but since we saw some are already accepring eth, the rest are hopeful, thy will also be accepted.









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Qartersa
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August 21, 2017, 03:13:04 AM
 #15

BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

I agree, high fees are indeed getting out of hand, but that is why the bitcoin network always tries to improve itself by implementing scaling options like what happened earlier this month. Since the community is the one approving what upgrades to implement, I think all concerns of every party has been addressed in that sense. Let's just wait for the actual activation of segwit and the blocksize increase.
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August 21, 2017, 04:32:50 AM
 #16

BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

I agree, high fees are indeed getting out of hand, but that is why the bitcoin network always tries to improve itself by implementing scaling options like what happened earlier this month. Since the community is the one approving what upgrades to implement, I think all concerns of every party has been addressed in that sense. Let's just wait for the actual activation of segwit and the blocksize increase.

Exactly, November is just around the corner and the little time left is just a small price to pay for Bitcoin to get better. I can't wait for the actual activation of segwit either and the block size finally increased to 2MB.
hv_ (OP)
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August 21, 2017, 07:02:27 AM
 #17

Alts taking over? A symbiotic relationship with alts has always been and always will be fine to me, use dash or litecoin for your pint and burger use Bitcoin to pay interest on a loan from a Chinese investor.

I also fancy such symbiotic relationship between Bitcoin and the Altcoins but it seems these Alts are totally dependent on Bitcoin and so if Bitcoin is falling in value they also fall in value and vice versa. This makes it difficult for us to diversify our funds since they are all likely to follow a particular graph curve.

And to use such alt shit you always have to do txs to exchanges and / or pay comissions.

This is no solution.

Bitcoin CAN do. It was about to remove middle men.  If not, cryptoworld is dead in some years.

Nobrainer is lift the blocksize ( make it a user param, not a consensus / protocol magic number) , let the markets find out where the real market/tech limit is, free as Bitcoin should be.

Carpe diem  -  understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
cellard
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August 21, 2017, 03:38:05 PM
 #18

Alts taking over? A symbiotic relationship with alts has always been and always will be fine to me, use dash or litecoin for your pint and burger use Bitcoin to pay interest on a loan from a Chinese investor.

I also fancy such symbiotic relationship between Bitcoin and the Altcoins but it seems these Alts are totally dependent on Bitcoin and so if Bitcoin is falling in value they also fall in value and vice versa. This makes it difficult for us to diversify our funds since they are all likely to follow a particular graph curve.

And to use such alt shit you always have to do txs to exchanges and / or pay comissions.

This is no solution.

Bitcoin CAN do. It was about to remove middle men.  If not, cryptoworld is dead in some years.

Nobrainer is lift the blocksize ( make it a user param, not a consensus / protocol magic number) , let the markets find out where the real market/tech limit is, free as Bitcoin should be.

We have already gone about this several times. It's technically nonviable to have the blocksize go up and down, the blocksize must be set as a rule, just like the 21 million coin limit.

Read what the smart people say about dynamic blocksize and you may learn a thing or two.

Everyone wants a dynamic blocksize, the problem is, all proposed solutions thus far do not work.

In any case, claiming everyone using Bitpay wants to use segwit2x is act of hypocrisy only big blockers such as Jeff Garzik could come up with.
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August 21, 2017, 03:57:14 PM
 #19

Here we could listen to CEO of ShapeShift

https://youtu.be/lFfTFQrQR5A

NYA will come...

Carpe diem  -  understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
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Iranus
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August 21, 2017, 05:55:25 PM
 #20

BitPay, Coinbase and other payment processors are very important.  However, it's difficult to underestimate how speculative the current market is.

As it is, a lot of transactions are still going to be between exchanges and wallets or between individuals for smaller reasons.  There's a fine balance of power between whales, miners, merchants, payment processors (representing merchants), mining pools (representing miners), nodes, media and ordinary users.

However, none of them can make an accurate judgement about what the other groups are going to do, and all of them are subject to bias.



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