Topic: COIN WARS: And the battle begins... - page 2. (Read 3488 times)

Yes... plenty of warning.  But you may see price erosion.  Lots of it.  But it WILL come back.  But everyone that has substantial bitcoin needs to star paying attention in coming weeks.

Classic will collapse just like XT and all the other takeover attempts since the devs don't have any substantial amount of experience and proof to run the development of the full node, therefore things will always tend to go Core's ways because simply they are the highest quality devs in the game.

Once cash is removed by TPTB, the price of Bitcoin will go to the moon and beyond since it will be the only way to circumvent the tyrannical government, fiat-coin based blockchain control. Note that we can only survive in such scenario if nodes remain decentralized (people can run nodes at home and privately).

Some of this is intimidating and the thing I don't understand and worries me is knowing when this all goes down, will there be warning?  Will there be certain signs?  I am sure there are no definitive answers to this but thanks in advance.

This is how Bitcoin XT was taken down. One small poll added possibility for people to direct hashpower if they support Bitcoin XT, and after day or two under DDoS'ing they surrendered and just served Bitcoin Core.
Bitcoin XT nodes were DDoSed as well, with one user reporting local ISP serving hundred people was so overflown with traffic, its custommers could not use internet.

The message was clear: anyone who does not follow Bitcoin Core, will be DDoSed.

If more pools + more people run full nodes at once then chance for this happening is smaller, but nonzero because 1000+ nodes is still vulnerable to be DDoSed.

But then if it happens again, Bitcoin Core and Bitcoin is not option for honest people who support decentralization and free ideas, not violence and criminality.

The Coin Wars will be won, with the side with the biggest pockets. Our Bitcoin community are up against entities with huge budgets to buy top

developers and inferior ones like Mike Hearn.   They also have enough funding left to pay shills to troll forums like this to create confusion and panic.

Then we have competing Alt coin shills and developers on a power trip... The odds are stacked up against us to succeed. So far, we survived against

these odds.

It is worth noting that there will be one clear winner in all of this.  Altcoins.  In the upcoming confusion, money is going to flow out of bitcoin into altcoins. 

Everybody needs to be careful about this.  Careful of followig a stampeding mass of people up and down the currency tradig ladders seeking a quick buck.  Because a lot of people will get burned.

If you plan on exiting and trading.... my advice is don't.  Just pick a couple of the top coins (I've stated my preferance for Ethereum as most likely to emerge as "The Fedcoin" and therefore the most likely candidate for explosive groewth) and park in them.  You can come back into Bitcoin after dust settles, and actually buy in with more coins.   OR if you have a strong stomach, just park your bitcoins outside an exchange and ride out the storm.  If you put your coins in an exchange - make sure you are sure you know what fork they are choosing.  And be damn sure that fork will be the prevailig fork.

But everyone needs to prepare for this fork in order to protect their coins.  Trust me - all the voices saying "No worries" already have made their plans.

Do your own research.

I am not suggesting that any DDOS attackers will actually think they can bring down the network compeltley.  But they will be able to sow confusion, and use that as a "marketing tool".  It all part of a potential FUD campaign.... sow fear as in "Load a Classic Node and you'll be attacked".  Happens all the time.  Just because they can't win doesn't stop them from throwing an epic rage attack.  Sort of like Mike Hearn throwing an epic rage quit hissy fit, blockstream/core supporters plan on going out in equally destructive style it appears.

I think the real danger will be in the possibility of a "Code War".  Imagine this scenario.....  At the same time, or shortly after, Classic is released, Core uploads some patches designed to throw a monkey wrench into Classic.  Then, after causing hte problem, they'll launch huge PR campaigns about the dangers of everything going on.  And mass DDOS attacks will take out highly visible infrastructure players.  

IT WON'T MATTER that all of this is temporary.  All that will matter is that it gets public attention, and that fear and doubt spreads.  Remember, all Core/Blockstream supporters have to do is fight off the 75%.  But if that fails - then AFTER the 75% triggers Classic, there will be a month in which everyone is allowed to prepare for Classic, upgrade their node etc.   But what if Core/Blockstream supporters take that time launch bad code, FUD Campaigns etc.

What happens when 2 Chains emerge, and Core/Blockstream supporters decide to fight to the death for their chain?  What if there is competing Bitcoin News Media streaming out different versions of "truth" about what exchanges to use.  An uninformed bitcoin user could easily get locked into the WRONG chain, and see their bitcoins go to zero eventually, or perhaps just die slowly on the eventual Alt-Bcoin chain.

So yes, DDOS will most likely play a role in what I see unfolding.  Won't be the whole role.... but all good wars have multiple battle strategies.  And this is going to be a minor war.  Bigger war will be that taking advantage of all this confusion, Fed Coin will launch.

How could one think about DDoS'ing something relaying on thousands of segregated nodes? I don't see any point in this discussion.

Well golly Mr.! You sure did PWN my n00b ass! I'm sorry to have troubled you with my inferior intellect, and obvious disrespect to your 190 IQ super computer of a brain.

Here, let me do you and I both a favor and let me put you on my ignore list thingy-majigga so I won't annoy you with my pointless, idiotic comments and reasonings.

Oh jeeze-la-weeze... There I go running my big mouth again. Thanks for taking the time though to correct me in my idiocracy. I'm sure to not bother you again...

Dear GMAX THE LOSER!

You have accused me in writing of the illegal crime of defamation.  Unless you can prove that I have defamed you, you are guilty of libel, and subject to civil lawsuit.  I hereby demand that you immediately retract your statement accusing me of defamation.

Oh, and GMAX THE LOSER.... here are a couple of solid evidences of my claim that Blockstream/Core supporters have made supportive statemnts regarding launching illegal DDOS attacks against Classic...


and....


So sad.  It is clear that Classic is going to prevail, and all that some Blockstream/Core Supporters can resort to is illegal actions.  They are dead set on destroying Bitcoin if they can't control it.  Whiny brats.... like GMAX THE LOSER!

* see ya Gmax!  Don't let the door hit ya on the way out!

calssic is going no where, miners have already expressed their disappointment with it, so there is no consensus basically for classic, let alone 75%...

core with segwit is the way to go, after that i'm curious about the next update to bring the limit even further beyond...

Hey GMax!  The loser is back I see.  I thought you were hiding out quivering in fear for your life or something.  More drama from the Blockstream hand wringing drama queens.    Say, Didn't you and I go through this a while back.  I am pretty sure we did, and I provided you the links, and the thread got traction, and then you went whining to loverboy Theymos, and the thread was censored.

I don't have time to play games with a manipulative, whiny, temper tantrum throwing loser like you.  Pretty soon you'll be a pariah no one will touch.  Do you think people will forget how you've behaved?   Oh hey!  I have an idea - get your lawyers to send me a scary letter!   THAT is my sandbox pal!  Courtrooms!  We'll have fun!

Now... run along kiddo.  Go find Theymos and ask him to censor this post too.  THAT's been a big winner approach hasn't it!  ROFL!!  A real big Public Relations Kudo ey??  Censorship?  Made you many friends?

It`s certainly a FUD as we have seen many for a while now. This war theory does not make much sense.

Care to back up your defamation with hyperlinks?

Ethereum AND Ripple are geared towards smart contracts, AND they are currnecy.  Ethereum will be chosen by the fiat banking sector in Western World primarily.  Ripple primarily in Southeastern Asia bank chains.  China will go it alone.  Bitcoin will indeed for a time hold onto its emotional attachment as the "People's Coin" (after it goes through a severe beating in the upcoming fork).

But you won't have 4 winners in the long run.  You'll have coin wars.  And the simplistic thought put out here don't begin to scratch the surface of what aspects of warfare you'll see.  I find this talk of "Bitcoin is the People's Coin" to be amusing.  The huge masses of uninformed sheep on thi planet that make up the overwhelming bulk of "The People" will use whatever their damn bank tells them to use.  An those are the coins that will get favored regulation, and those are the coins that will have enormous investment backing to develop out financial, shopping, commerce, App infrastructure.  And the Coin(s) that win that battle will be the "People's Coin".

Bitcoin is beloved by the 1 or 2% of humanity currently using it, because it is their first love.  Its an emotional thing.  But as time goes by, the relationship will mature, and practicality will prevail.  

This upcoming fork is going to have a lot to do with how Bitcoin ends up.  Not because of any inherent dangers of the fork..... but because the Fiat Coin(s) will be rolled out to the masses then - and thats when the real wars wil begin.   This little battle with Core is merely an annoying distraction.  Its getting ready to be a busy time.  The cleaner and shorter the Fork, the less damage to Bitcoin reputation amongst the masses.  And yes this is going to be VERY important.... because very very soon, ALL THE EYES OF HUMANITY are going to be focused on cryptocurrency.

Get ready.  Lock and load...... your classic node!  Lets get this over with fast once it starts.

...and yet he keeps on talking.  Fascinating.  He knows as little about Ethereum, as most average humans know about Bitcoin.  Basically nothing.  Less than nothing actually, since what he does know is mostly wrong. 

Yeah, I've seen that both are in the "smart contract" field and didn't really take time to look more into it.  It sounds cool in the sense that it will help web development programs, which would be paid for in "Ether" or "Ripples"... but I don't personally see the uses for it other than that.  I guess I'm not too keen on the potential uses on a mass adoption scale.

Bitcoin is mainly used as a currency though.. as well as other altcoins that use the same generic code too.  Cryptonote coins add the privacy sector of what could be implemented in a bitcoin side chain... and I guess ethereum's code could be used in a side chain too, but I really don't think that Bitcoin's devs will ever try and do something like that.  So that's why I can see different alt coins being used as a type of "side chain" in a sense.

Ethereum is more geared towards smart contracts and I think Ripple will be the replacement for fiat in the banking sector in the future. These institutions will want to move forward with a technology they are comfortable with and people they have built a relationship with.

Bitcoin have too much uncertainties and it will stay the currency for the people. We are going to see some nasty competition coming from ETH and Ripple on both fronts.

LOL, and yet you still haven't provided me with information that I would want to see what the fuck your talking about.  Look, I know that I don't know anything about Ethereum... I've already told you that.  If you could act your age that you're insinuating, then you would be able to redirect me to somewhere for me to learn more.

Yeah, you really showed me...

Seriously dude, grow the fuck up.

Edit: Oh wow... lookey there... I was right 

https://azure.microsoft.com/en-us/blog/ethereum-blockchain-as-a-service-now-on-azure/

LOL - man, you know how that old saying goes.... "I always thought he was an idiot, then he started typing and removed all doubt?"

Yeah.... that.

* Seriously.... you don't even know what ethereum is.  run along and do some research child.