RIP Bitcoin, better luck next time - page 6.

Valiance

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Quote from: shield132 on March 25, 2017, 12:25:03 PM

Quote from: thecrazy1 on March 24, 2017, 04:28:24 PM

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.

We can use altcoins, no problem but bitcoin gained trust. Can you use altcoin for many service? No because mostly if anyone accepts crypto coins, first is bitcoin and sometimes there are altcoins. There are big bitcoin mining datacenteres like bitfury, bitmain and etc, this means there is huge amount of money invested in it. Yes, Nowdays we have some issues but it needs some time to be fixed. If altcoin is accepted for what you want, you can use it without any problem.

Using an altcoin will only make the Bitcoin situation worse. When people say that they switch to an alt when Bitcoin is in trouble, they don't think about how they're just adding to the big price swings and possibly making Bitcoin's situation worse in the long term (people think Bitcoin is too volatile --> less people buy Bitcoin/new users sell --> Bitcoin becomes more volatile).

Yanisumin

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There are many arguments about this right now, is it the end of Bitcoin? Is Bitcoin going to fall? Is it the time to switch to altcoins?
Bitcoin price has dropped to a much lower price compared to it's current prices in the past months but that don't mean that Bitcoin is going going to be no more. True that BTC price is down but only for a short term I think. Let's take this scenario:
If Bitcoin will be destroyed, it should be replaced by the litecoin 5 years ago because it has better transactions capabilities but BTC still remain on top. Because if you search for cryptocurrencies and know nothing about it ( e.g. you've search for eth then there is no choice but to hear the name BTC too ) so in the meantime you will be intrigue what BTC is, and if you search for it, you will find out that it has the highest amount of users, and a big possibility that you will choose BTC.

felipehermanns

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Quote from: aarturka on March 25, 2017, 02:05:46 AM

If Bitcoin is dead why'd you bother to register on bitcoin site, dumb newb?

LOL

RIP Btc? Haha this guys make me laugh.. thousands of ppl holding BTC. Do you think they can kill BTC? Thats not true... BTC is solid and secure. Bug coin aint not.

Rip bugcoin

bitbunnny

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End of Bitcoin? I don't think so, this is much exaggerated. The price has dropped a bit, yes, and so what? It's not the first or the last time but that doesn't mean this is the end of Bitcoin. The value is still above 900$ and in the past the price was much lower but still has recovered. So, don't panic and make such dramatic annoucements, there is no reason for that.

szpalata

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Quote from: Samadur on March 25, 2017, 12:41:01 PM

Quote from: gabbie2010 on March 25, 2017, 12:06:15 PM

I kept on wondering what is happening to our dear Bitcoin it had been falling in the past weeks all my bitcoins in my wallet had been dropping what could be use to stop the drop?or is this the end of bitcoin? let market forces let go back up.

You need to be patient and do not pay bad conversations to other users. And then many of these panic moods rush to say goodbye to their bitcoins and thus lose even more.

Yes the OP is anti Bitcoin and he'll be proven wrong in no time by the competent and ever motivated core developers who have run this cryptocurrency for some time now without any major challenge. I don't encourage panic selling but if you feel you cannot be a part of us and want to follow some shitcoins go ahead you'll come back and buy it at a higher price from us.

Samadur

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Quote from: gabbie2010 on March 25, 2017, 12:06:15 PM

I kept on wondering what is happening to our dear Bitcoin it had been falling in the past weeks all my bitcoins in my wallet had been dropping what could be use to stop the drop?or is this the end of bitcoin? let market forces let go back up.

You need to be patient and do not pay bad conversations to other users. And then many of these panic moods rush to say goodbye to their bitcoins and thus lose even more.

shield132

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Quote from: thecrazy1 on March 24, 2017, 04:28:24 PM

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.

We can use altcoins, no problem but bitcoin gained trust. Can you use altcoin for many service? No because mostly if anyone accepts crypto coins, first is bitcoin and sometimes there are altcoins. There are big bitcoin mining datacenteres like bitfury, bitmain and etc, this means there is huge amount of money invested in it. Yes, Nowdays we have some issues but it needs some time to be fixed. If altcoin is accepted for what you want, you can use it without any problem.

strasboug

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Activity: 504

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When bitcoin split into 2, I don't think it's bad, as anyone who have bitcoin will have both new assets, with total value possibly no less than before.

gabbie2010

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I kept on wondering what is happening to our dear Bitcoin it had been falling in the past weeks all my bitcoins in my wallet had been dropping what could be use to stop the drop?or is this the end of bitcoin? let market forces let go back up.

dinofelis

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Quote from: Viscoat on March 25, 2017, 02:37:11 AM

If the Core changes the PoW and the cost of mining one bitcoin is just $50, then the price of bitcoin will crash.

Yes, I wonder what will happen to the "most secure chain" propaganda when Joe Sixpack can make a block on his PC.

dinofelis

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Quote from: Amph on March 25, 2017, 02:34:42 AM

i can't understand why bitcoin can not change pow, without remaining bitcoin an being seen as an alt? if this is what is needed to fix the upcomign issue why not?

If that is what people want, why don't they switch to litecoin ? It is "bitcoin with another PoW", and with 4 times more room on the chain. Moreover, it has Segwit also ready. So the thing you are hoping for, exists already several years. Why don't people switch massively to Litecoin ?

I will tell you: because it is called Litecoin.

Litecoin is almost as "pristine" as bitcoin. The simple fact that it is not called "bitcoin" is what holds people back.

This illustrates the irrationality of this whole happening. Bickering over would-be things that exist already for years next door, because it doesn't have the right brand name.

What core is trying to do, is already done since years. Next door.

CraigWrightBTC

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I don't think bitcoin is dead, yea ........yea .... There are some problem in bitcoin but doesn't mean bitcoin will be die
we just needs solution for all of comunity bitcoin, fixing the problem of bitcoin.
And doesn't mean altcoins will be better than bitcoin all of digital coins are still new must needs fixing.

Viscoat

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Quote from: thecrazy1 on March 24, 2017, 04:28:24 PM

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.

If the Core changes the PoW and the cost of mining one bitcoin is just $50, then the price of bitcoin will crash.

Amph

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i can't understand why bitcoin can not change pow, without remaining bitcoin an being seen as an alt? if this is what is needed to fix the upcomign issue why not?

changing the pow don't broke the fundamental law of bitcoin, like changing the 21M supply which would kill the way the deflation inflation rate work

i'm all for changing the pow, i was sad when asic coe and destroy the profit for the average miners, bit coin mining was too centralized anyway, let them take their asic-chain, cough BU cough away... who care about that

also remember that the exchange are with us, so BU have already lost from the beginning, no matter what they do

Golftech

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Quote from: aarturka on March 25, 2017, 02:05:46 AM

If Bitcoin is dead why'd you bother to register on bitcoin site, dumb newb?

to spread the fud and make some shake its either ways he wanted to have his alt being supported or he wanted to get those dumped btc
inside his bag, we can't say whats the reason behind and its really cute why he needed to post this inside btc discussion while he wanted to
promote some alts even though he didn't name one.

Patatas

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Quote from: aarturka on March 25, 2017, 02:05:46 AM

If Bitcoin is dead why'd you bother to register on bitcoin site, dumb newb?

Because there is no other place on the Internet where his lack of knowledge will be embraced except bitcointalk.

Quote from: thecrazy1 on March 24, 2017, 04:28:24 PM

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.
If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.

Chinese Bitcoin! I choose you!!!
P.S. : You don't have the credibility to judge the decisions made by Core Developers.

aarturka

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If Bitcoin is dead why'd you bother to register on bitcoin site, dumb newb?

Herbert2020

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Quote from: dinofelis on March 25, 2017, 12:52:42 AM

Quote from: leopard2 on March 24, 2017, 04:36:05 PM

If you ask me, the winner of the war will be the coin that is called "BTC" or "Bitcoin" by the exchanges and the press in the future. That is what sheeple know. Sad

This. Because bitcoin is just a brand name now.

congratulations you have won the understatement of the year award Wink

dinofelis

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Quote from: leopard2 on March 24, 2017, 04:36:05 PM

If you ask me, the winner of the war will be the coin that is called "BTC" or "Bitcoin" by the exchanges and the press in the future. That is what sheeple know. Sad

This. Because bitcoin is just a brand name now.

danherbias07

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The name says it all. Is this some kind of movement to bring down bitcoin. I dont think it can with just mere words.
I think you should put links that are saying facts before you spit that out. No matter what it will come back to its real value after all of this ends. At least now, just make profits of what is happening or buy some more seeing it is getting cheaper.

Topic: RIP Bitcoin, better luck next time - page 6. (Read 5875 times)