You can now retreat into your well-defended delusions
Topic: $10,000 when? - page 9. (Read 51351 times)
^It's OK, buddy. Who can blame you for being peevish when you BTCeanie BTCabies Bitcoin investment turned out so nice?
You can now retreat into your well-defended delusions
You can now retreat into your well-defended delusions
Denial and butthurt, tools of the desperate Bitcoin cultists.
Enjoy your gif
Enjoy your gif
Quote
Comparing Bitcoin to TCP/IP implies that other coins (providers) can't use TCP/IP (the Bitcoin protocol). The fact of the matter is they can and do
Your dead brain logic in a nutshell.
That hole you are digging, it is deep.
Denial and butthurt, tools of the desperate Bitcoin cultists.
Enjoy your gif
Enjoy your gif
Slander and pedantry, the tools of the desperate trolls.
It's becoming clear reasoning with a brick would be more productive. Fine, have a happy gif.
This is degenerating into semantics pedantry. If you don't like me calling this technology "Bitcoin protocol," fine, call it whatever. The point is you didn't invest in the technology any more than AOL invested in TCP/IP.
Bitcoin relies on this technology, just like AOL relied on TCP/IP, but that's it.
Bitcoin relies on this technology, just like AOL relied on TCP/IP, but that's it.
No, Bitcoin is the technology. It relies on no other protocol for transfer of value than its own.
AOL is not a technology, it is a service or a platform built on top of the TCP/IP technology, like Coinbase is built on top of the Bitcoin technology
Are you intentionally being obtuse?
Doesn't take much foresight to imagine all those problems being solved in due time. You people sound like those who were saying the internet would never scale in 1992.
and btw, tcp/ip v4 has the fatal flaw too, namely extremely inadequate addressing space, known since 30 years ago. you know what? we learned to live with that instead of replacing it with a superior tech. because expensive to replace everything. with every passing day, it is less and less likely that bitcoin will ever be replaced.
IP V6 will happen. It will take some time but eventually will get done. And there will be a replacement to that too at some point in the future. If you look at the history of the world you see all things go through this evolution cycle.
This back and fourth is silly. My plain and simple point is bitcoin has flaws that I don't think are being addressed fast enough making it more likely that it will be superseded by something else prior to it reaching a point where 1 BTC = $10,000 USD. Yes, "all those problems being solved in due time.", but it may not be by bitcoin. Its naive to believe that bitcoin will retain its dominate position in the space forever and ever. Its evolved only slightly from its initial experimental proof of concept launch.
When a viable solution to these "problems" arises it will be implemented into Bitcoin way before it spawns a competing crypto. The network, the market, and any invested parties have entrenched interest into the Bitcoin blockchain and no incentive to allow a successor. They will put any required resources to use in order to adapt Bitcoin and maintain that status quo. This is the strength of the network effect.
Bitcoin (the blockchain you're invested in) is not TCP/IP, it's more like America Online. Huge now, but it doesn't own the sourcecode/Bitcoin protocol. Just like other service providers started using TCP/IP, other coins can use the Bitcoin protocol.
Oh no, you are confusing idea with an implementation. There were hundreds network protocol implementations, anybody can take the idea of "how do I package the data and send it over the wire", but only one is the true king; others found their niches. It applies to bitcoin perfectly - there will be only one true blockchain, and there will be many niche cryptos, but it is already impossible to dethrone bitcoin - it has rooted too deep.
AOL had nothing to do with tcp/ip or internet, it was a user-facing service built on top of the protocol. Say MtGox or coinbase.
The analogy Bitcoin/AOL is certainly better than Bitcoin/TCP/IP one. Comparing Bitcoin to TCP/IP implies that other coins (providers) can't use TCP/IP (the Bitcoin protocol).
The fact of the matter is they can and do
Other coins are not providers.
What other coin use Bitcoin?
Don't make me explain what the long word "analogy" means. It certainly doesn't mean "identical" or "equal."
Bitcoin protocol is not your blockchain. Bitcoin protocol is a convenient name for the protocol devised by Satoshi, used by SHA256 clonecoins.
Are you intentionally being obtuse?
The protocol being discussed is the Bitcoin blockchain implementation and its units.
There could be thousands of TCP/IP clones/implementation but only one implementation is supported.
That's why the TCP/IP analogy fails, and AOL is a better fit. AOL relied on TCP/IP for its business. Bitcoin (your particular blockchain, your "implementation" of Satoshi's technology) similarly relies on the Bitcoin protocol
No, Bitcoin blockchain is its own protocol. It doesn't rely on a protocol. It is an implementation of different technologies that create a standard for value transfer.
Clonecoins can create different implementations using the same technologies but they become entirely different protocols of value transfer.
Coinbase relies on the Bitcoin protocol for its business. Coinbase = AOL.
This is degenerating into semantics pedantry. If you don't like me calling this technology "Bitcoin protocol," fine, call it whatever. The point is you didn't invest in the technology any more than AOL invested in TCP/IP.
Bitcoin relies on this technology, just like AOL relied on TCP/IP, but that's it.
Bitcoin (the blockchain you're invested in) is not TCP/IP, it's more like America Online. Huge now, but it doesn't own the sourcecode/Bitcoin protocol. Just like other service providers started using TCP/IP, other coins can use the Bitcoin protocol.
Oh no, you are confusing idea with an implementation. There were hundreds network protocol implementations, anybody can take the idea of "how do I package the data and send it over the wire", but only one is the true king; others found their niches. It applies to bitcoin perfectly - there will be only one true blockchain, and there will be many niche cryptos, but it is already impossible to dethrone bitcoin - it has rooted too deep.
AOL had nothing to do with tcp/ip or internet, it was a user-facing service built on top of the protocol. Say MtGox or coinbase.
The analogy Bitcoin/AOL is certainly better than Bitcoin/TCP/IP one. Comparing Bitcoin to TCP/IP implies that other coins (providers) can't use TCP/IP (the Bitcoin protocol).
The fact of the matter is they can and do
Other coins are not providers.
What other coin use Bitcoin?
Don't make me explain what the long word "analogy" means. It certainly doesn't mean "identical" or "equal."
Bitcoin protocol is not your blockchain. Bitcoin protocol is a convenient name for the protocol devised by Satoshi, used by SHA256 clonecoins.
Are you intentionally being obtuse?
The protocol being discussed is the Bitcoin blockchain implementation and its units.
There could be thousands of TCP/IP clones/implementation but only one implementation is supported.
That's why the TCP/IP analogy fails, and AOL is a better fit. AOL relied on TCP/IP for its business. Bitcoin (your particular blockchain, your "implementation" of Satoshi's technology) similarly relies on the Bitcoin protocol
No, Bitcoin blockchain is its own protocol. It doesn't rely on a protocol. It is an implementation of different technologies that create a standard for value transfer.
Clonecoins can create different implementations using the same technologies but they become entirely different protocols of value transfer.
Coinbase relies on the Bitcoin protocol for its business. Coinbase = AOL.
Doesn't take much foresight to imagine all those problems being solved in due time. You people sound like those who were saying the internet would never scale in 1992.
and btw, tcp/ip v4 has the fatal flaw too, namely extremely inadequate addressing space, known since 30 years ago. you know what? we learned to live with that instead of replacing it with a superior tech. because expensive to replace everything. with every passing day, it is less and less likely that bitcoin will ever be replaced.
IP V6 will happen. It will take some time but eventually will get done. And there will be a replacement to that too at some point in the future. If you look at the history of the world you see all things go through this evolution cycle.
This back and fourth is silly. My plain and simple point is bitcoin has flaws that I don't think are being addressed fast enough making it more likely that it will be superseded by something else prior to it reaching a point where 1 BTC = $10,000 USD. Yes, "all those problems being solved in due time.", but it may not be by bitcoin. Its naive to believe that bitcoin will retain its dominate position in the space forever and ever. Its evolved only slightly from its initial experimental proof of concept launch.
Maybe you are right but I think that it will reach anytime the value, that Bitcoin is really worth. And we are far away from this value because the new financial chapter has just begun. Maybe Bitcoin isn't the solution for everything, but it's a role model for a new economy based on Blockchains.
Bitcoin (the blockchain you're invested in) is not TCP/IP, it's more like America Online. Huge now, but it doesn't own the sourcecode/Bitcoin protocol. Just like other service providers started using TCP/IP, other coins can use the Bitcoin protocol.
Oh no, you are confusing idea with an implementation. There were hundreds network protocol implementations, anybody can take the idea of "how do I package the data and send it over the wire", but only one is the true king; others found their niches. It applies to bitcoin perfectly - there will be only one true blockchain, and there will be many niche cryptos, but it is already impossible to dethrone bitcoin - it has rooted too deep.
AOL had nothing to do with tcp/ip or internet, it was a user-facing service built on top of the protocol. Say MtGox or coinbase.
The analogy Bitcoin/AOL is certainly better than Bitcoin/TCP/IP one. Comparing Bitcoin to TCP/IP implies that other coins (providers) can't use TCP/IP (the Bitcoin protocol).
The fact of the matter is they can and do
Other coins are not providers.
What other coin use Bitcoin?
Don't make me explain what the long word "analogy" means. It certainly doesn't mean "identical" or "equal."
Bitcoin protocol is not your blockchain. Bitcoin protocol is a convenient name for the protocol devised by Satoshi, used by SHA256 clonecoins.
Are you intentionally being obtuse?
The protocol being discussed is the Bitcoin blockchain implementation and its units.
There could be thousands of TCP/IP clones/implementation but only one implementation is supported.
That's why the TCP/IP analogy fails, and AOL is a better fit. AOL relied on TCP/IP for its business. Bitcoin (your particular blockchain, your "implementation" of Satoshi's technology) similarly relies on the Bitcoin protocol
Doesn't take much foresight to imagine all those problems being solved in due time. You people sound like those who were saying the internet would never scale in 1992.
and btw, tcp/ip v4 has the fatal flaw too, namely extremely inadequate addressing space, known since 30 years ago. you know what? we learned to live with that instead of replacing it with a superior tech. because expensive to replace everything. with every passing day, it is less and less likely that bitcoin will ever be replaced.
IP V6 will happen. It will take some time but eventually will get done. And there will be a replacement to that too at some point in the future. If you look at the history of the world you see all things go through this evolution cycle.
This back and fourth is silly. My plain and simple point is bitcoin has flaws that I don't think are being addressed fast enough making it more likely that it will be superseded by something else prior to it reaching a point where 1 BTC = $10,000 USD. Yes, "all those problems being solved in due time.", but it may not be by bitcoin. Its naive to believe that bitcoin will retain its dominate position in the space forever and ever. Its evolved only slightly from its initial experimental proof of concept launch.
Bitcoin (the blockchain you're invested in) is not TCP/IP, it's more like America Online. Huge now, but it doesn't own the sourcecode/Bitcoin protocol. Just like other service providers started using TCP/IP, other coins can use the Bitcoin protocol.
Oh no, you are confusing idea with an implementation. There were hundreds network protocol implementations, anybody can take the idea of "how do I package the data and send it over the wire", but only one is the true king; others found their niches. It applies to bitcoin perfectly - there will be only one true blockchain, and there will be many niche cryptos, but it is already impossible to dethrone bitcoin - it has rooted too deep.
AOL had nothing to do with tcp/ip or internet, it was a user-facing service built on top of the protocol. Say MtGox or coinbase.
The analogy Bitcoin/AOL is certainly better than Bitcoin/TCP/IP one. Comparing Bitcoin to TCP/IP implies that other coins (providers) can't use TCP/IP (the Bitcoin protocol).
The fact of the matter is they can and do
Other coins are not providers.
What other coin use Bitcoin?
Don't make me explain what the long word "analogy" means. It certainly doesn't mean "identical" or "equal."
Bitcoin protocol is not your blockchain. Bitcoin protocol is a convenient name for the protocol devised by Satoshi, used by SHA256 clonecoins.
Are you intentionally being obtuse?
The protocol being discussed is the Bitcoin blockchain implementation and its units.
There could be thousands of TCP/IP clones/implementation but only one implementation is supported.
and btw, tcp/ip v4 has the fatal flaw too, namely extremely inadequate addressing space, known since 30 years ago. you know what? we learned to live with that instead of replacing it with a superior tech. because expensive to replace everything. with every passing day, it is less and less likely that bitcoin will ever be replaced.
Are you suggesting that Crypto 2.0 will be IPv6? Sure.
ipv6 is the "soft fork" of ipv4, superior, exists for many years, and still only like 3% use it. if bitcoin is ever hard-forked in a way that renders all existing infrastructure obsolete (and that's what an "altcoin successor" can be seen as), the resistance will be huge, and the new fork/altcoin will die quick death because it will be unsupported by any invested parties.
Any evolution in bitcoin will happen gradually, with changed behavior co-existing with the old one, just like ipv4 coexists with v6 today.
And no, bitcoin is not in alpha. You can send a million dollars worth of bitcoin to Uruguay today and with a 99.99(alot of nines)% chance it will be there in an hour. Unlike any existing banking system, where manual labour will be involved often to see your transaction goes through all the routing hoops successfully.
and btw, tcp/ip v4 has the fatal flaw too, namely extremely inadequate addressing space, known since 30 years ago. you know what? we learned to live with that instead of replacing it with a superior tech. because expensive to replace everything. with every passing day, it is less and less likely that bitcoin will ever be replaced.
Are you suggesting that Crypto 2.0 will be IPv6? Sure.
No, he's suggesting that Bitcoin v. x.xx will be IPv6
Bitcoin is still at V0.xxx, AFAIK. Way to stay in beta for half a decade. Much rapid development. Very problem-solving
Bitcoin (the blockchain you're invested in) is not TCP/IP, it's more like America Online. Huge now, but it doesn't own the sourcecode/Bitcoin protocol. Just like other service providers started using TCP/IP, other coins can use the Bitcoin protocol.
Oh no, you are confusing idea with an implementation. There were hundreds network protocol implementations, anybody can take the idea of "how do I package the data and send it over the wire", but only one is the true king; others found their niches. It applies to bitcoin perfectly - there will be only one true blockchain, and there will be many niche cryptos, but it is already impossible to dethrone bitcoin - it has rooted too deep.
AOL had nothing to do with tcp/ip or internet, it was a user-facing service built on top of the protocol. Say MtGox or coinbase.
The analogy Bitcoin/AOL is certainly better than Bitcoin/TCP/IP one. Comparing Bitcoin to TCP/IP implies that other coins (providers) can't use TCP/IP (the Bitcoin protocol).
The fact of the matter is they can and do
Other coins are not providers.
What other coin use Bitcoin?
Don't make me explain what the long word "analogy" means. It certainly doesn't mean "identical" or "equal."
Bitcoin protocol is not your blockchain. Bitcoin protocol is a convenient name for the protocol devised by Satoshi, used by SHA256 clonecoins.
Are you intentionally being obtuse?
and btw, tcp/ip v4 has the fatal flaw too, namely extremely inadequate addressing space, known since 30 years ago. you know what? we learned to live with that instead of replacing it with a superior tech. because expensive to replace everything. with every passing day, it is less and less likely that bitcoin will ever be replaced.
Are you suggesting that Crypto 2.0 will be IPv6? Sure.
No, he's suggesting that Bitcoin v. x.xx will be IPv6
Bitcoin (the blockchain you're invested in) is not TCP/IP, it's more like America Online. Huge now, but it doesn't own the sourcecode/Bitcoin protocol. Just like other service providers started using TCP/IP, other coins can use the Bitcoin protocol.
Oh no, you are confusing idea with an implementation. There were hundreds network protocol implementations, anybody can take the idea of "how do I package the data and send it over the wire", but only one is the true king; others found their niches. It applies to bitcoin perfectly - there will be only one true blockchain, and there will be many niche cryptos, but it is already impossible to dethrone bitcoin - it has rooted too deep.
AOL had nothing to do with tcp/ip or internet, it was a user-facing service built on top of the protocol. Say MtGox or coinbase.
The analogy Bitcoin/AOL is certainly better than Bitcoin/TCP/IP one. Comparing Bitcoin to TCP/IP implies that other coins (providers) can't use TCP/IP (the Bitcoin protocol).
The fact of the matter is they can and do
Other coins are not providers.
What other coin use Bitcoin?
and btw, tcp/ip v4 has the fatal flaw too, namely extremely inadequate addressing space, known since 30 years ago. you know what? we learned to live with that instead of replacing it with a superior tech. because expensive to replace everything. with every passing day, it is less and less likely that bitcoin will ever be replaced.
Are you suggesting that Crypto 2.0 will be IPv6? Sure.
Bitcoin (the blockchain you're invested in) is not TCP/IP, it's more like America Online. Huge now, but it doesn't own the sourcecode/Bitcoin protocol. Just like other service providers started using TCP/IP, other coins can use the Bitcoin protocol.
Oh no, you are confusing idea with an implementation. There were hundreds network protocol implementations, anybody can take the idea of "how do I package the data and send it over the wire", but only one is the true king; others found their niches. It applies to bitcoin perfectly - there will be only one true blockchain, and there will be many niche cryptos, but it is already impossible to dethrone bitcoin - it has rooted too deep.
AOL had nothing to do with tcp/ip or internet, it was a user-facing service built on top of the protocol. Say MtGox or coinbase.
The analogy Bitcoin/AOL is certainly better than Bitcoin/TCP/IP one. Comparing Bitcoin to TCP/IP implies that other coins (providers) can't use TCP/IP (the Bitcoin protocol).
The fact of the matter is they can and do
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