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Author Topic: If not a "store of value" or "medium of exchange" ...  (Read 783 times)
hv_
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October 02, 2019, 12:54:52 PM
 #81

Roll Eyes You're trolling.

Newbies, in reality there are barriers to scaling. It can't scale on-chain without centralizing the network, and giving up some of its actual value proposition, which is censorship-resistance.

gotta love that comedy.
so developers say no to developing onchain scaling.. sniff sniff, smells like they are censoring community needs/desires


Who's censoring? How can it be censored? There's a person out there who is saying his coin is Bitcoin for crying out loud. He has bitcoin.com, /r/btc, and had the @bitcoin Twitter account promoting that his coin is Bitcoin.

Community needs/desires? You make it look like that the WHOLE community wanted big blocks. Plus you said that Bitcoin "bilaterally split" into Core and Cash. Which one does the community want/the market want?

more comedy gold.
trying to say bitcoin cant scale because of physics..[facepalm]
scaling is about timely growth, which physics actually proves is possible.
whats not possible is huge single leap to an impossibly large number.


Roll Eyes

What have I been telling you? Bitcoin can't simply increase the block size without scaling in/centralizing the network. But users shouldn't run full nodes, so it's OK, right?

it can simply increase the blocksize actually.. todays technology is far more superier than the requirements of 1mb base
yes i said todays tech. oh and it only costs $50 for such tech

centralising the network?? how...  go on say that scripted joke, you know th one, the one your friend told you about servers..
..
my response: people will run full nodes on home devices
again
my response: people will run full nodes on home devices


Not when the network increases its block size whenever a demanding minority wants, preventing it from scaling out, increasing costs.

For decentralization, Bitcoin's main value proposition, static node requirements are better for the network eventually.


There are no "non- mining full nodes". This is some creative non sense that u just repeat.

U try to teach ppl their e banking client can do much. Sure u can validate what ur bank s server calculated for u. As miners do for ur wallet. But u can only shout and run to miners if ur client cannot follow the protocol.


The UASF begs to differ, and to see that it started as the minority that the majority followed.

I hope u remember how the voting / signaling for segwit worked. Even that without the 2x promise it d ve never ever happened.

Uasf is sooo lol and shows u re all in for trolling


You're clearly trying too hard to mislead the readers by acting like that. But if you believe it's making me angry, it's not. I'm very happy to reply with the facts for everyone to read.

Newbies, learn your history, https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality

Cool

No prove that proof of raspi did anything. Just simply PoSM

Mislead newbees to finance ur dumb btc ponzi.

Sane ppl know all that or find it out in a day of due dilligence

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 _
Wind_FURY
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October 03, 2019, 08:13:17 AM
 #82

Roll Eyes You're trolling.

Newbies, in reality there are barriers to scaling. It can't scale on-chain without centralizing the network, and giving up some of its actual value proposition, which is censorship-resistance.

gotta love that comedy.
so developers say no to developing onchain scaling.. sniff sniff, smells like they are censoring community needs/desires


Who's censoring? How can it be censored? There's a person out there who is saying his coin is Bitcoin for crying out loud. He has bitcoin.com, /r/btc, and had the @bitcoin Twitter account promoting that his coin is Bitcoin.

Community needs/desires? You make it look like that the WHOLE community wanted big blocks. Plus you said that Bitcoin "bilaterally split" into Core and Cash. Which one does the community want/the market want?

more comedy gold.
trying to say bitcoin cant scale because of physics..[facepalm]
scaling is about timely growth, which physics actually proves is possible.
whats not possible is huge single leap to an impossibly large number.


Roll Eyes

What have I been telling you? Bitcoin can't simply increase the block size without scaling in/centralizing the network. But users shouldn't run full nodes, so it's OK, right?

it can simply increase the blocksize actually.. todays technology is far more superier than the requirements of 1mb base
yes i said todays tech. oh and it only costs $50 for such tech

centralising the network?? how...  go on say that scripted joke, you know th one, the one your friend told you about servers..
..
my response: people will run full nodes on home devices
again
my response: people will run full nodes on home devices


Not when the network increases its block size whenever a demanding minority wants, preventing it from scaling out, increasing costs.

For decentralization, Bitcoin's main value proposition, static node requirements are better for the network eventually.


There are no "non- mining full nodes". This is some creative non sense that u just repeat.

U try to teach ppl their e banking client can do much. Sure u can validate what ur bank s server calculated for u. As miners do for ur wallet. But u can only shout and run to miners if ur client cannot follow the protocol.


The UASF begs to differ, and to see that it started as the minority that the majority followed.

I hope u remember how the voting / signaling for segwit worked. Even that without the 2x promise it d ve never ever happened.

Uasf is sooo lol and shows u re all in for trolling


You're clearly trying too hard to mislead the readers by acting like that. But if you believe it's making me angry, it's not. I'm very happy to reply with the facts for everyone to read.

Newbies, learn your history, https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality

Cool

No prove that proof of raspi did anything. Just simply PoSM


You say "no proof", but you cannot disprove the movement. Segwit activation through the initiative of the UASF is proof enough.

Quote

Mislead newbees to finance ur dumb btc ponzi.


Cannot be taken seriously, especially from a person who misleads everyone, and say that "Craig Wright is Satoshi". You have lost.

Quote

Sane ppl know all that or find it out in a day of due dilligence


Cool

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Leonardo7
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October 03, 2019, 08:36:01 AM
 #83

Bitcoin is a medium of exchange, a store of value, a currency that gives back power to the people by ensuring individual control of their money. Unlike we currently  with the fraudulent operation of traditional bank.
hv_
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October 03, 2019, 08:58:21 AM
 #84

Roll Eyes You're trolling.

Newbies, in reality there are barriers to scaling. It can't scale on-chain without centralizing the network, and giving up some of its actual value proposition, which is censorship-resistance.

gotta love that comedy.
so developers say no to developing onchain scaling.. sniff sniff, smells like they are censoring community needs/desires


Who's censoring? How can it be censored? There's a person out there who is saying his coin is Bitcoin for crying out loud. He has bitcoin.com, /r/btc, and had the @bitcoin Twitter account promoting that his coin is Bitcoin.

Community needs/desires? You make it look like that the WHOLE community wanted big blocks. Plus you said that Bitcoin "bilaterally split" into Core and Cash. Which one does the community want/the market want?

more comedy gold.
trying to say bitcoin cant scale because of physics..[facepalm]
scaling is about timely growth, which physics actually proves is possible.
whats not possible is huge single leap to an impossibly large number.


Roll Eyes

What have I been telling you? Bitcoin can't simply increase the block size without scaling in/centralizing the network. But users shouldn't run full nodes, so it's OK, right?

it can simply increase the blocksize actually.. todays technology is far more superier than the requirements of 1mb base
yes i said todays tech. oh and it only costs $50 for such tech

centralising the network?? how...  go on say that scripted joke, you know th one, the one your friend told you about servers..
..
my response: people will run full nodes on home devices
again
my response: people will run full nodes on home devices


Not when the network increases its block size whenever a demanding minority wants, preventing it from scaling out, increasing costs.

For decentralization, Bitcoin's main value proposition, static node requirements are better for the network eventually.


There are no "non- mining full nodes". This is some creative non sense that u just repeat.

U try to teach ppl their e banking client can do much. Sure u can validate what ur bank s server calculated for u. As miners do for ur wallet. But u can only shout and run to miners if ur client cannot follow the protocol.


The UASF begs to differ, and to see that it started as the minority that the majority followed.

I hope u remember how the voting / signaling for segwit worked. Even that without the 2x promise it d ve never ever happened.

Uasf is sooo lol and shows u re all in for trolling


You're clearly trying too hard to mislead the readers by acting like that. But if you believe it's making me angry, it's not. I'm very happy to reply with the facts for everyone to read.

Newbies, learn your history, https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality

Cool

No prove that proof of raspi did anything. Just simply PoSM


You say "no proof", but you cannot disprove the movement. Segwit activation through the initiative of the UASF is proof enough.

Quote

Mislead newbees to finance ur dumb btc ponzi.


Cannot be taken seriously, especially from a person who misleads everyone, and say that "Craig Wright is Satoshi". You have lost.

Quote

Sane ppl know all that or find it out in a day of due dilligence


Cool

Nope

The only kick for activation came from the 2x promise / NYA.

Wanting to ignore this makes u full retard ponzi scammer.



This is proof

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 _
Wind_FURY
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October 03, 2019, 09:22:21 AM
 #85


Nope

The only kick for activation came from the 2x promise / NYA.


Was the community represented in the NYA? No, running full nodes rejecting "2X" did. Cool

Quote

Wanting to ignore this makes u full retard ponzi scammer.

This is proof


Not proof, troll harder.

Newbies, listen to HV, and learn. The hard way. Cool

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...Next Generation Crypto Casino...
hv_
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October 03, 2019, 10:31:11 AM
 #86


Nope

The only kick for activation came from the 2x promise / NYA.


Was the community represented in the NYA? No, running full nodes rejecting "2X" did. Cool

Quote

Wanting to ignore this makes u full retard ponzi scammer.

This is proof


Not proof, troll harder.

Newbies, listen to HV, and learn. The hard way. Cool

Learning is mostly a hard way. All is proof of work. Bitcoin does teach u this in a very nice and strict way.

Everybody needs to do own reseach as much as possible also to find out that Bitcoin is a perfect tool to store the truth and enables trust and honesty in the internet where this was missing before.

This is also the reason why there is a need to put permanently work into keeping the protocol clean , stable and on purpose. Put all efforts and work for onchain scaling cause this is the only true place for the ultimative truth.

All ur little changers of that do not want this and have other agendas off truth by wanting off chain crap which is not Bitcoin but the old crap we had before. It is normal that closed minds work such retarded, fall back into their old home they knew and scam others by stealing the name of Bitcoin.

I m here ONLY for that real Bitcoin.

If it is clean and simple as a Singularity must be, its use and value is infinite.


Learn

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 _
thirdprize (OP)
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October 03, 2019, 04:00:00 PM
 #87

Isn’t POW going to kill the planet with its waste of electricity?

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October 03, 2019, 04:34:09 PM
 #88

Isn’t POW going to kill the planet with its waste of electricity?
Electricity used by all the miners might be less than the electricity wasted to air condition all the banks in the world.Already lot more harmful things were done by humans against nature so don't consider miner as serious disaster to this world.
minersday
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October 03, 2019, 04:41:31 PM
 #89

from the information provided by Bitcoin's whitepaper, bitcoin was meant to be an alternative version of physical fiat that has no central organization or authority controlling the amount people can send and receive. But for some reasons, it is now seen as a store of value rather than a medium of exchange. To some people, it is a medium of exchange and others, an asset to invest in.
bouren
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October 03, 2019, 04:54:14 PM
 #90

then what is bitcoin?  A solution in search of a problem?
currently it is being used as both a store of value and a medium of exchange. People use it as an investment for reaping higher profits which means it is a store of value while some other tech freaks have been using it as a medium of exchange for payments online through coinpayments and bitpay which means it is both. but yes it was made to be used as a medium of exchange only.
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October 03, 2019, 05:11:54 PM
 #91

For me bitcoin is digital asset which can be use to earn profit through trading or exchange. Also it is a medium of exchange because there are stores now where you can buy goods and services in exchange of bitcoin.

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hv_
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October 03, 2019, 08:14:01 PM
 #92

Isn’t POW going to kill the planet with its waste of electricity?

Lol. Nope. It will save the world from stupid gold / PM mining that is really killing the planet.

And printing paper money

And running many central it depts

And many more true onchain scaling bitcoin can do for safe IT tasks.

Even get chips run more efficient is a good outcome of PoW and open compatition

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 _
suzanne5223
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October 03, 2019, 08:41:08 PM
 #93

For me bitcoin is digital asset which can be use to earn profit through trading or exchange. Also it is a medium of exchange because there are stores now where you can buy goods and services in exchange of bitcoin.
The part of profit earning was not the reason why bitcoin was created for bitcoin is a sign of democracy and it was the currency which serve as the right alternative to give every individual liberation from economic slow down which the government was unable to fix.






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STOP SNITCHIN'


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October 03, 2019, 11:41:25 PM
 #94

Isn’t POW going to kill the planet with its waste of electricity?

I'll bite. How much energy do you think the gold mining industry consumes? Some estimates say Bitcoin constitutes just a small fraction of the costs entailed by gold mining: Bitcoin Uses a Lot of Energy, But Gold Mining Uses More



If only people didn't need money -- then we wouldn't need Bitcoin or gold. Wink

iMark
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October 04, 2019, 06:28:06 AM
 #95

For me bitcoin is digital asset which can be use to earn profit through trading or exchange. Also it is a medium of exchange because there are stores now where you can buy goods and services in exchange of bitcoin.
The part of profit earning was not the reason why bitcoin was created for bitcoin is a sign of democracy and it was the currency which serve as the right alternative to give every individual liberation from economic slow down which the government was unable to fix.






I think so, the core of bitcoin creation is decentralized currency right? of course Satoshi definitely wants to make a currency where one can freely spend without pressure and restrictions from the government. Freedom is the essence of the creation of bitcoin. while profit is an unplanned goal I think, who knows the price of bitcoin will explode and become this high and profitable for many people?
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October 04, 2019, 06:35:14 AM
 #96


Nope

The only kick for activation came from the 2x promise / NYA.


Was the community represented in the NYA? No, running full nodes rejecting "2X" did. Cool

Quote

Wanting to ignore this makes u full retard ponzi scammer.

This is proof


Not proof, troll harder.

Newbies, listen to HV, and learn. The hard way. Cool

Learning is mostly a hard way. All is proof of work. Bitcoin does teach u this in a very nice and strict way.

Everybody needs to do own reseach as much as possible also to find out that Bitcoin is a perfect tool to store the truth and enables trust and honesty in the internet where this was missing before.

This is also the reason why there is a need to put permanently work into keeping the protocol clean , stable and on purpose. Put all efforts and work for onchain scaling cause this is the only true place for the ultimative truth.

All ur little changers of that do not want this and have other agendas off truth by wanting off chain crap which is not Bitcoin but the old crap we had before. It is normal that closed minds work such retarded, fall back into their old home they knew and scam others by stealing the name of Bitcoin.

I m here ONLY for that real Bitcoin.

If it is clean and simple as a Singularity must be, its use and value is infinite.


Learn


Hahaha. From you?

Learn, and research what? That Bitcoin Cash SV is the "real Bitcoin"? That Craig Wright is Satoshi Nakamoto? That on-chain scaling, without scaling the network in, is technically doable?


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figmentofmyass
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October 04, 2019, 06:53:52 AM
 #97

I m here ONLY for that real Bitcoin.

If it is clean and simple as a Singularity must be, its use and value is infinite.

Learn

Hahaha. From you?

Learn, and research what? That Bitcoin Cash SV is the "real Bitcoin"? That Craig Wright is Satoshi Nakamoto?

if you had done your research you'd know that craig wright has handwritten, coffee stained originals of the whitepaper. rusty staples and all. this irrefutable evidence will be coming out in court! Tongue


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October 04, 2019, 06:58:56 AM
 #98

then what is bitcoin?  A solution in search of a problem?

At first, Bitcoin was a way of confronting a centralized economy; now it is a way of earning thousands of traders and investors. Bitcoin is losing value as people forget the true purpose of the coin
Many people have own opinion about what is bitcoin, but for me bitcoin is the way how to increase money more by investing or trading, I don't mind bitcoin become legal or not at the future or bitcoin become most interested payment by many investor, look ahead with bitcoin could get chance for profit is enough for me.

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Wind_FURY
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October 04, 2019, 08:25:58 AM
 #99

I m here ONLY for that real Bitcoin.

If it is clean and simple as a Singularity must be, its use and value is infinite.

Learn

Hahaha. From you?

Learn, and research what? That Bitcoin Cash SV is the "real Bitcoin"? That Craig Wright is Satoshi Nakamoto?

if you had done your research you'd know that craig wright has handwritten, coffee stained originals of the whitepaper. rusty staples and all. this irrefutable evidence will be coming out in court! Tongue




Hahaha! The desperation of those trolls.

The design-decision taken by Bitcoin Cash SV alone is evidence that Craig Wright is acting a Borat-like, reality-TV character to troll the community.

Weather data on the blockchain. Cool

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...Next Generation Crypto Casino...
Darooghe
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October 04, 2019, 08:48:50 AM
 #100

We have to be very careful to suggest bitcoin as an investment instrument. Bitcoin as an investment instrument is damaging Bitcoin as a payment method. If it is never anything other than an investment in the eyes of the majority of the world, then in my opinion, it's failed, regardless of the USD value. it's a kind of money. payment systems require money and money is useless if it has zero payment systems. Money is "the communication of value". A currency is the medium by which value is communicated. It's senseless to have more than one currency in the long term. The reasons we do currently are many and varied, but it is inevitable that this will eventually be seen as a relic of the past.
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