Topic: Coinbase CEO disagree with "The Bitcoin Roundtable Consensus Proposal" (Read 3797 times)
February 25, 2016, 08:13:14 PM
more then a year from now, thats along time, so if they wanted it to change to 2 mb right now ofc they where not going to like it to change in more then a year from now.
February 25, 2016, 06:13:23 PM
the facts are simple.
The main investors who control the big exchangers(Coinbase, Bitstamp, Kraken, Itbit, BTC china, Okcoin) wants more control over Bitcoin. Now, they can "only" manipulate the market through "agreements" between the main exchangers and trough their bots. Let's not forget that Mtgox manipulated(through a bot; it'a a fact that it was proved) the market as they wanted and they were only one exchanger( with 70% marketshare...indeed). Now, it's a cartel.
By having their own e-currency(that means a "new" Bitcoin), they will control everything. Their developers will do what they are asked to do. Money talks!
The main investors who control the big exchangers(Coinbase, Bitstamp, Kraken, Itbit, BTC china, Okcoin) wants more control over Bitcoin. Now, they can "only" manipulate the market through "agreements" between the main exchangers and trough their bots. Let's not forget that Mtgox manipulated(through a bot; it'a a fact that it was proved) the market as they wanted and they were only one exchanger( with 70% marketshare...indeed). Now, it's a cartel.
By having their own e-currency(that means a "new" Bitcoin), they will control everything. Their developers will do what they are asked to do. Money talks!
February 24, 2016, 10:15:49 AM
https://medium.com/@barmstrong/the-bitcoin-roundtable-consensus-proposal-too-little-too-late-e694f13f40b#.ys0fqjis1
What do you think guys ? I personally agree with him about the second point "2. July 2017 is too far away to raise the block size"
i agree with you,why must be wait until next year?i think this year is not too early,its important to raise the block size. the third point also as what i think "We have a better option that is already available" What do you think guys ? I personally agree with him about the second point "2. July 2017 is too far away to raise the block size"
February 24, 2016, 06:23:39 AM
I liked his "with free market and competetion between teams", it might really speed Bitcoin development. We already see the full node count going up as a result of this competetion. As a libertatian, I have to agree with all he wrote. I hate monopolies, these tend to dont care about users at all.
"As a libertarian i have to agree with Goldman Sachs" xD
I dont know what you want try to imply, but I dont like fiat currency monopoly as well, thats why I try to use Bitcoin as much as possible.
I just told Brian Amstrong, the CEO of Coinbase view is good for Bitcoin: competetion is more effecient over monopoly with just one Bitcoin implementation.
February 24, 2016, 05:21:13 AM
This is what Coindesk wants. A monopol over "bitcoin" which will be an ALTcoin after April 2016.
You mean Coinbase, right? Coindesk is something else.Whatever conspiracy theory about blockstream you are talking about, you know their product such a LN do require larger block?
Anyway be sure to let me know when you fork off.
Actually it is not even their idea, nor product. They're just one of the groups working on developing them. Ignore the blind propaganda.Anyway be sure to let me know when you fork off.
"As a libertarian i have to agree with Goldman Sachs" xD
No idea why people would agree with the CEO at all. 
February 23, 2016, 07:19:47 PM
https://medium.com/@barmstrong/the-bitcoin-roundtable-consensus-proposal-too-little-too-late-e694f13f40b#.ys0fqjis1
What do you think guys ? I personally agree with him about the second point "2. July 2017 is too far away to raise the block size"
What do you think guys ? I personally agree with him about the second point "2. July 2017 is too far away to raise the block size"
Thank you for the link
I liked his "with free market and competetion between teams", it might really speed Bitcoin development. We already see the full node count going up as a result of this competetion. As a libertatian, I have to agree with all he wrote. I hate monopolies, these tend to dont care about users at all.
"As a libertarian i have to agree with Goldman Sachs" xD
February 23, 2016, 05:44:18 PM
This is what Coindesk wants. A monopol over "bitcoin" which will be an ALTcoin after April 2016.
February 22, 2016, 05:16:20 PM
https://medium.com/@barmstrong/the-bitcoin-roundtable-consensus-proposal-too-little-too-late-e694f13f40b#.ys0fqjis1
What do you think guys ? I personally agree with him about the second point "2. July 2017 is too far away to raise the block size"
What do you think guys ? I personally agree with him about the second point "2. July 2017 is too far away to raise the block size"
Thank you for the link
I liked his "with free market and competetion between teams", it might really speed Bitcoin development. We already see the full node count going up as a result of this competetion. As a libertatian, I have to agree with all he wrote. I hate monopolies, these tend to dont care about users at all.
February 22, 2016, 04:55:15 PM
let's say 50% grow but it's too much and even so Bitcoin is nothing. It's only buzz and nothing consistent.
February 22, 2016, 03:58:14 PM
2 mil users? are you joking? all the BTC users are around of 2 millions
This figure gets thrown around alot. I think it's Coinbase wallets. I doubt that means verified individuals. They could supply that figure if they wanted to. I guess it's gonna blow their cool if they do.
I'm sure it's not verified individuals.
It's already hard to believe it's 2 millions wallets so 2 millions people? That's more the number of bitcoiners worldwide...
STATS
3,300,000
USERS
5,000,000
WALLETS
42,000
MERCHANTS
8,000
DEVELOPER APPS
https://www.coinbase.com/about
you sure it is not 1 BILLION users and merchants?
3,300,000 USERS is not a real number. How many accounts do you have?
How many from these users are owning Bitcoin? up to 1.5 milions or even less.
Bitcoin is a niche market like PerfectMoney.com or any other e-currency.
Read carefully:
http://bitscan.com/bitnews/item/how-many-people-really-own-bitcoins-and-why-does-it-matter
Thanks for that link.
Really helpful and just shows how small Bitcoin still is.
Although this article is from 4th quarter 2014 not much of that data will have changed.
February 22, 2016, 03:01:53 PM
up to 2 million overall. BTC is not wellknown as the shitty BTC media is saying. They are just trying to manipulate...to attract more blind investors to their start ups or companies.
All the BTC industry is owned by a bunch of people who are controlling the main exchangers, main BTC media websites and few miners.
how many people around you, did you hear talking about Bitcoin? I didn't hear anybody.
I heard people talking about gold, silver, real estate investments, shares but not about..Bitcoin
All the BTC industry is owned by a bunch of people who are controlling the main exchangers, main BTC media websites and few miners.
how many people around you, did you hear talking about Bitcoin? I didn't hear anybody.
I heard people talking about gold, silver, real estate investments, shares but not about..Bitcoin
February 22, 2016, 02:49:18 PM
Read carefully:
http://bitscan.com/bitnews/item/how-many-people-really-own-bitcoins-and-why-does-it-matter
http://bitscan.com/bitnews/item/how-many-people-really-own-bitcoins-and-why-does-it-matter
^^thanks for this!
[/quote]
from the link
Quote
In fact, it turns out that less than 10 percent actually have any bitcoins in – fewer than 2.5 million.
So that means an absolute maximum of around 2.5 million people own bitcoins right now.
So that means an absolute maximum of around 2.5 million people own bitcoins right now.
the author of that article forgets to mention that some SERVICES cold store LOTS OF PEOPLES funds in one address..
so the maximum amount of people can be more than 2.5mill.. so even his own attempt to get to a rational number is still based on flawed guestimation.
but overall i think 2million seems a safe bet. as the guestimates are anything from 500k(all cold store holders) to 24million(majority exchange managed)
February 22, 2016, 02:40:16 PM
are those genuine data, many user can fake their account easily, maybe with stolen id too, so no have one id request is not a guarantee that those user are genuine at 100%
same for the wallets and the other numbers
same for the wallets and the other numbers
and many company fake their data as well..
gotta cope with teh investors delusions y know..
but we know they are having cash burning issues.. or is it bitpay?
http://qntra.net/2015/03/coinbase-compliance-chief-resigns/
http://qntra.net/2015/02/coinbase-to-shut-down-tipping-button/
http://qntra.net/2015/09/eyewitness-people-walking-out-of-bitpay-office-in-tears/
http://qntra.net/2015/06/bitpay-continues-to-falter/
http://qntra.net/2015/01/bitpay-lays-off-9-employees-today/
http://qntra.net/2015/03/bitpay-showing-more-signs-of-trouble-no-longer-st-petersburg-bowl-sponsor/
Great point. The stupid investors must read something...so that they can pump up other money. Coinbase is like bankrupt without external funds. Their exchange company cannot be sustained from exchanges. Remember that they have financial licenses in most of USA. These licenses cost A LOT and also they have a lot of staff.
Their monthly expenses are HUGE(do not count the lobbies that they have to pay). It's impossible to cover them from exchanges
February 22, 2016, 02:36:32 PM
2 mil users? are you joking? all the BTC users are around of 2 millions
This figure gets thrown around alot. I think it's Coinbase wallets. I doubt that means verified individuals. They could supply that figure if they wanted to. I guess it's gonna blow their cool if they do.
I'm sure it's not verified individuals.
It's already hard to believe it's 2 millions wallets so 2 millions people? That's more the number of bitcoiners worldwide...
STATS
3,300,000
USERS
5,000,000
WALLETS
42,000
MERCHANTS
8,000
DEVELOPER APPS
https://www.coinbase.com/about
you sure it is not 1 BILLION users and merchants?
3,300,000 USERS is not a real number. How many accounts do you have?
How many from these users are owning Bitcoin? up to 1.5 milions or even less.
Bitcoin is a niche market like PerfectMoney.com or any other e-currency.
Read carefully:
http://bitscan.com/bitnews/item/how-many-people-really-own-bitcoins-and-why-does-it-matter
^^thanks for this!
February 22, 2016, 02:33:30 PM
2 mil users? are you joking? all the BTC users are around of 2 millions
This figure gets thrown around alot. I think it's Coinbase wallets. I doubt that means verified individuals. They could supply that figure if they wanted to. I guess it's gonna blow their cool if they do.
I'm sure it's not verified individuals.
It's already hard to believe it's 2 millions wallets so 2 millions people? That's more the number of bitcoiners worldwide...
STATS
3,300,000
USERS
5,000,000
WALLETS
42,000
MERCHANTS
8,000
DEVELOPER APPS
https://www.coinbase.com/about
you sure it is not 1 BILLION users and merchants?
3,300,000 USERS is not a real number. How many accounts do you have?
How many from these users are owning Bitcoin? up to 1.5 milions or even less.
Bitcoin is a niche market like PerfectMoney.com or any other e-currency.
Read carefully:
http://bitscan.com/bitnews/item/how-many-people-really-own-bitcoins-and-why-does-it-matter
February 22, 2016, 02:32:01 PM
Heh you just have to bid over the one thing relevant you ever said with more stupid bullshiet do you?
the blockstream 1mb kool-aid isnt on tap anymore. you can give up that addiction and love for it.. blockstream are finally releasing kool-aid 2mb, but set a massive 16 month activation date..
so i hope you like living between the rock and a hard place. pretending you hate 2mb because its bad, but loving blockstream.. it must be hard to have thought that you should side with the 1mb shills.. but now ur left with the reality that 2mb is happening..
Whatever conspiracy theory about blockstream you are talking about, you know their product such a LN do require larger block?
Anyway be sure to let me know when you fork off.
February 22, 2016, 02:28:18 PM
Heh you just have to bid over the one thing relevant you ever said with more stupid bullshiet do you?
the blockstream 1mb kool-aid isnt on tap anymore. you can give up that addiction and love for it.. blockstream are finally releasing kool-aid 2mb, but set a massive 16 month activation date..
so i hope you like living between the rock and a hard place. pretending you hate 2mb because its bad, but loving blockstream.. it must be hard to have thought that you should side with the 1mb shills.. but now ur left with the reality that 2mb is happening..
February 22, 2016, 02:16:08 PM
3. It is just a move trying to push in an architecture change (SegWit) that is impossible to pass chinese miners or core devs' approval in near future
Almost everyone is on-board with Segwit. Have you not seen the signatures for the Core roadmap? there are 100 core devs and 6000 people running nodes. unless there are 100-6000 signatures.. its meaningless
haha agreed
y'all never get to hardfork bitcoin, ever. (or it would be some altcoin)
the funny part is that the hardfork involves 75% consensus to get the buffer in place and then i estimate maybe 90-95% before miners then push the envelope to actually make bigger blocks, so WHEN its activated, it would be the minority of 5%-10% who havnt/refuse to upgrade that are left behind with the altcoin that cant sync, so lets call them the clamsv2 holders.
as for thinking 2mb wont happen. it will. but now the debate is just about when.
Heh you just have to bid over the one thing relevant you ever said with more stupid bullshiet do you?
February 22, 2016, 01:51:03 PM
3. It is just a move trying to push in an architecture change (SegWit) that is impossible to pass chinese miners or core devs' approval in near future
Almost everyone is on-board with Segwit. Have you not seen the signatures for the Core roadmap? there are 100 core devs and 6000 people running nodes. unless there are 100-6000 signatures.. its meaningless
haha agreed
y'all never get to hardfork bitcoin, ever. (or it would be some altcoin)
the funny part is that the hardfork involves 75% consensus to get the buffer in place and then i estimate maybe 90-95% before miners then push the envelope to actually make bigger blocks, so WHEN its activated, it would be the minority of 5%-10% who havnt/refuse to upgrade that are left behind with the altcoin that cant sync, so lets call them the clamsv2 holders.
as for thinking 2mb wont happen. it will. but now the debate is just about when.
February 22, 2016, 01:43:33 PM
3. It is just a move trying to push in an architecture change (SegWit) that is impossible to pass chinese miners or core devs' approval in near future
Almost everyone is on-board with Segwit. Have you not seen the signatures for the Core roadmap? there are 100 core devs and 6000 people running nodes. unless there are 100-6000 signatures.. its meaningless
haha agreed
y'all never get to hardfork bitcoin, ever. (or it would be some altcoin)
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