Bitcoin after 1st august = Unstoppable?

stompix

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Quote from: NeuroticFish on July 14, 2017, 08:24:57 AM

Quote from: stompix on July 12, 2017, 10:01:13 AM

Quote from: NeuroticFish on July 12, 2017, 07:45:38 AM

Are you aware that if there will be a fork at August 1st, we will have a Bitcoin and a new altcoin?
Meaning, be careful, you may end up holding a shitcoin Grin

I agree with RoommateAgreement, some of the altcoins bring innovation. Bitcoin has a chance to learn from them.
Of course, there are also too many useless copycat altcoins...

What innovation? Examples?

No limit (2Gb limit?) for transactions in a block; real anonymity; DAG; mining algorithms that allow every average Joe to mine; faster blocks.
These are just a few things that came into my mind, I am sure that there are many more examples, you just have to try to look around.

Whole blockchain is 124gb....2gb blocks are useless.
Try on a testnet with a clone to see how your computer will die trying to scan and add a 2gb block.

Real anonymity...proven to work wonders for monero coin holders.

DAG > https://bitcointalksearch.org/topic/blockchain-vs-dag-byteballs-concencus-algorithm-1799665 see iamnotback post

Mining algorithms ... for what? Who gives a f*** about average Joe?

The only thing is possible faster blocks. Which will take one simple line of code change.
If we pass 1st of Aug with no problems solving that won't be a problem also.

In the end... altcoins are just shitcoins promising unicorns shitting rainbows

ximply

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If we can own one antminer s7 then we won't have problem with mining monopoly. We just want bitcoin to continue and do whaf it's best. What we spend on one mining equipment is enough for all the income that we will get from bitcoin price increase. The problem is they discourage bitcoin mining. But why??

andrei56

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Quote from: pereira4 on July 08, 2017, 02:28:31 PM

Only if the hardfork is a failure as expected. In order for the bitcoin price to go up, the Bitmain/Roger Ver/Wright/anything that could lead to a hardfork/ must die and fail. XT, Classic, Buggy Unlimited, and segwit2x, they all have failed because it's retarded nonsense. This should not be any different. Im not even counting BitmainCoin's hardfork proposal.

After all these morons give up with the HF fud, we will go to $10,000. As long as the stupidity continues, we will stay as we are now or crash indefinitely.

We could go to $10,000 tomorrow, if miners acted accordingly and activated BIP141, or we can continue playing games.

A lot of users want segwit to be activated, myself included, but think about this from the point of view of the miners, they have invested a fortune to mine bitcoin and now the rules of the game are about to be changed and not in their favor so to them it makes sense to defend their interests even if that goes against the wishes of the devs and the community.

justingmorlang

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Pa I think that bitcoin will have a big crash, then break maximums by the decrease of the commissions and the increase of the size of the block

densuj

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I think yes, bitcoins after 1st August is unstopable because the innovations of segwit2x will be activated on bitcoin's network, of course if it will be succesfull and can fix the problem on bitcoin's network (scaling of bitcoins), but if it is fail bitcoins will be like today still there are problem on bitcoin's network, we can not do anything except wait and see what will happen after the activation of segwit2x on 1st August.

gentlemand

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The biggest threat to bitcoin is miner and corporate centralisation. Though 148 is a noble idea the money and mining grunt is in the hands of others. I don't really see how it's going to succeed myself though i hope it does. If we go full corporate I'm done with it.

Rahar02

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Quote from: OmegaStarScream on July 08, 2017, 01:28:15 PM

Is it safe to say that? assuming that everything will go as planned, UASF will get activated and everyone will switch to it and support it. (both services and individuals with more nodes etc.)

I will vote for yes, if most miners signal for segwit and it could be activated before November 15th. We know segwit will resolve bitcoin problems and may become scaling solution. So, I expect more adopters will attracted to this amazing digital currency and more merchants accepted bitcoin payment.
But on the other side, segwit2x get many supports as well, whether it could activated through BIP141 or BIP91 that cause chain split. We will wait and see how segwit-BIP141 will get support by most miners and could it reach 95% of hash power? before the deadline.

deisik

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Quote from: pereira4 on July 08, 2017, 02:28:31 PM

Only if the hardfork is a failure as expected. In order for the bitcoin price to go up, the Bitmain/Roger Ver/Wright/anything that could lead to a hardfork/ must die and fail. XT, Classic, Buggy Unlimited, and segwit2x, they all have failed because it's retarded nonsense. This should not be any different. Im not even counting BitmainCoin's hardfork proposal.

After all these morons give up with the HF fud, we will go to $10,000. As long as the stupidity continues, we will stay as we are now or crash indefinitely.

We could go to $10,000 tomorrow, if miners acted accordingly and activated BIP141, or we can continue playing games

They will never do this

Since doing this or anything to that tune would be equal to them shooting themselves right in the head. I don't think that many ordinary Bitcoin holders or traders would be against them doing that, but they obviously won't. It is clear as day that they will lay themselves out and leave no stone unturned to defend the profits that they have managed to squeeze from users these last months. If pure SegWit gets activated, their days are basically numbered, that's why we see so frantic, so frenzied and desperate resistance to SegWit activation. Even SegWit2x itself is no more than a trap shrewdly laid on a path to SegWit

NeuroticFish

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Quote from: stompix on July 12, 2017, 10:01:13 AM

Quote from: NeuroticFish on July 12, 2017, 07:45:38 AM

Are you aware that if there will be a fork at August 1st, we will have a Bitcoin and a new altcoin?
Meaning, be careful, you may end up holding a shitcoin Grin

I agree with RoommateAgreement, some of the altcoins bring innovation. Bitcoin has a chance to learn from them.
Of course, there are also too many useless copycat altcoins...

What innovation? Examples?

No limit (2Gb limit?) for transactions in a block; real anonymity; DAG; mining algorithms that allow every average Joe to mine; faster blocks.
These are just a few things that came into my mind, I am sure that there are many more examples, you just have to try to look around.

~Bitcoin~

legendary

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Quote from: lelou on July 12, 2017, 05:58:46 PM

I dont know. But im thinking positive, maybe it will raise the price of bitcoin just like what happen to litecoin's price when it full activated segwit.

Me too, if everything works like predicted than we might not have to worry about possible hardfork after segwit. Segwit activation have bought positive result on litecoin's price and all other crypto before so bitcoin might get similar uptrend after august 1st.

shinratensei_

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Quote from: xFiber on July 12, 2017, 10:03:35 AM

I think there's a big chance that that will happen. Lots of people are fleeing the market right now, by converting their crypto holdings into fiat, because they're scared of the potential hard fork. But I bet they will be kicking themselves when bitcoin goes crazy after august (1st).

The blocksize gives the support to the mass adoption after the hardfork already done smoothly. Those are converting their bitcoin to the fiat must pay more after the hardfork already done. Bitcoin goes crazy after august. They will lose caused by the scary feel. I can't be patience to see the bitcoin touch another ATH in august. That's why the USDT become a trend right now.

CardShare

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Quote from: khan149 on July 12, 2017, 02:12:03 PM

Already bitcoin is pumping start now.

Its going down because people are rushing to secure there positions in the lead up to this. With all the hype and shit talking about what "could or should" happen has not helped the situation.

Also like said above with bitmain throwing the toys out the pram wanting to split away is a crazy idea.

Siren

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Quote from: lelou on July 12, 2017, 05:58:46 PM

I dont know. But im thinking positive, maybe it will raise the price of bitcoin just like what happen to litecoin's price when it full activated segwit.

Yes, we need to be positive. We don't need to listen to FUD that is going around saying that bitcoin will crash so hard after the segwit2x implementation. We may see the price goes down, but I don't think it will crash hard and go below sub 1000$. And just like when it was implemented in LTC, the price will surely go up right after the activation.

lelou

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I dont know. But im thinking positive, maybe it will raise the price of bitcoin just like what happen to litecoin's price when it full activated segwit.

khan149

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Already bitcoin is pumping start now.

andrei56

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Quote from: OmegaStarScream on July 08, 2017, 01:28:15 PM

Is it safe to say that? assuming that everything will go as planned, UASF will get activated and everyone will switch to it and support it. (both services and individuals with more nodes etc.)

If everything goes as planned? Yes but that is a huge if, I do not know if the miners are going to continue with their plan to fork bitcoin, if they do then things will get really complicated for a long time, maybe the two bitcoin will keep on existing and this will only create confusion among the people that are not very informed about crypto news.

xFiber

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I think there's a big chance that that will happen. Lots of people are fleeing the market right now, by converting their crypto holdings into fiat, because they're scared of the potential hard fork. But I bet they will be kicking themselves when bitcoin goes crazy after august (1st).

ximply

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People cast your vote and lets see the population's point of view on Bitcoin price before August 1.

Here is the poll link https://bitcointalksearch.org/topic/m.20078967

Let us hear what you think.

stompix

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Quote from: NeuroticFish on July 12, 2017, 07:45:38 AM

Are you aware that if there will be a fork at August 1st, we will have a Bitcoin and a new altcoin?
Meaning, be careful, you may end up holding a shitcoin Grin

I agree with RoommateAgreement, some of the altcoins bring innovation. Bitcoin has a chance to learn from them.
Of course, there are also too many useless copycat altcoins...

What innovation? Examples?

Quote from: RoommateAgreement on July 12, 2017, 08:00:27 AM

Quote from: stompix on July 12, 2017, 07:40:08 AM

Quote from: RoommateAgreement on July 12, 2017, 07:32:56 AM

Quote from: stompix on July 12, 2017, 06:47:43 AM

What can shitcoins do other than bitcoin? Except bankrupting noobs?

to be fair there are a lot of good features in many of the altcoins (i won't name any because i will be accused of advertising it) but if you look around among them and look at their white papers and read the details of the good projects not just see the price you can see there are many innovations there too.
none of them have yet succeeded at anything though. and i believe th reason for it is because of their price and how it becomes a toy in the hands of pumpers.

You don't have to name the shitcoin.

Just tell us there things a certain x coin is doing far better then bitcoin. And cut the blocks time from the list as I already mentioned that as the only advantage.

if something were doing things far better than bitcoin, then it would have replaced bitcoin already. i'm afraid that thing does not exist.
but at the same time it doesn't mean all altcoins have nothing to offer.

example: https://en.wikipedia.org/wiki/Directed_acyclic_graph
and remember there is always advantages and disadvantages to any of these even bitcoin.

So first you say

to be fair there are a lot of good features in many of the altcoins

and then

if something were doing things far better than bitcoin, then it would have replaced bitcoin already. i'm afraid that thing does not exist.

I've asked you for those features in altcoins that would determine a user to use that altcoin instead of bitcoin. One...
And fancy words and wiki links don't count Wink

.

Sniper44

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Quote from: Kprawn on July 12, 2017, 09:45:19 AM

Quote from: pereira4 on July 08, 2017, 02:28:31 PM

Only if the hardfork is a failure as expected. In order for the bitcoin price to go up, the Bitmain/Roger Ver/Wright/anything that could lead to a hardfork/ must die and fail. XT, Classic, Buggy Unlimited, and segwit2x, they all have failed because it's retarded nonsense. This should not be any different. Im not even counting BitmainCoin's hardfork proposal.

After all these morons give up with the HF fud, we will go to $10,000. As long as the stupidity continues, we will stay as we are now or crash indefinitely.

We could go to $10,000 tomorrow, if miners acted accordingly and activated BIP141, or we can continue playing games.

There is no incentive for all miners to destroy the technology. People like Jihan wants his JihanCoin to succeed, so he will go all out to mess

around with Bitcoin Core. {Original Bitcoin} How will merchants and big companies support JihanCoin, if he was part of a group of people who

destroyed a Billion Dollar network? He has to re-think his strategy, because the current plan is going to explode in his face. Roll Eyes

i believe what you call his strategy is not a strategy to create a new coin which you are calling Jihan coin Cheesy

his strategy is to prevent or at the very least delay SegWit activation as long as possible, with threats with bullshit like their article about UAHF and hashrate,... but in the end they also have a lot of money at stake. it is not just the mining hashpower it is their mining production line bitmain. they won't be able to sell their thing anymore if they harm bitcoin or its price.

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