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Topic: The End Is Near - page 3. (Read 11572 times)

sr. member
Activity: 252
Merit: 250
May 05, 2013, 04:49:59 PM
There is no current competing currency that could scratch bitcoin. If a company like google came out though and implemented their own currency, exchange etc it could be a wild success.

That's the problem.

Just figure if Apple created its own iCoin: it would sell for 4x the price of Bitcoin from day 1!  Grin
legendary
Activity: 3192
Merit: 1279
Primedice.com, Stake.com
May 05, 2013, 04:46:37 PM
There is no current competing currency that could scratch bitcoin. If a company like google came out though and implemented their own currency, exchange etc it could be a wild success.
legendary
Activity: 2142
Merit: 1010
Newbie
May 05, 2013, 04:36:16 PM
For the others who will put me into their ignore lists:

Do it silently plz, I don't really care. I know, this forum is full of sheeple who r unable to see beyond their dogmas.
full member
Activity: 188
Merit: 108
May 05, 2013, 04:26:07 PM
such as your prediction:
1.35 billion people won't adopt Bitcoin

http://jingji.cntv.cn/2013/05/03/VIDE1367596319388137.shtml

big lol

And did you not want to destroy all altcoins, in another thread?

How good that bitcointalk has a troll indicator.
Congratulations! you are the first at my ignore list

+1 I was wondering if he was a troll or what now I know and he also made it to my ignore list.
legendary
Activity: 2142
Merit: 1010
Newbie
May 05, 2013, 04:24:04 PM
And did you not want to destroy all altcoins, in another thread?

Yes, I did. That was the only way to save Bitcoin. Altcoins separate us. Now I stick to Bytecoin, all the others still should be destroyed.
legendary
Activity: 2142
Merit: 1010
Newbie
May 05, 2013, 04:21:08 PM
Congratulations! you the first at my ignore list

Pay attention to my [ignore] button and guess how much I worry about this. Smiley
member
Activity: 73
Merit: 10
May 05, 2013, 04:18:27 PM
such as your prediction:
1.35 billion people won't adopt Bitcoin

http://jingji.cntv.cn/2013/05/03/VIDE1367596319388137.shtml

big lol

And did you not want to destroy all altcoins, in another thread?

How good that bitcointalk has a troll indicator.
Congratulations! you are the first at my ignore list




sr. member
Activity: 448
Merit: 250
this statement is false
May 05, 2013, 04:12:12 PM
It's not a scalability issue...

It is.

From https://github.com/bitcoin/bitcoin/pull/2577:
Quote
Two motivations for this pull:

First, to discourage people from bloating users' wallets and the UTXO set with tiny outputs...

Second, we have no idea what will happen to Bitcoin prices or transaction volume / competition for space in blocks.

it's a little of both. what Jut was trying to say is that it's not a protocol-inherent, bitcoin-fatal scaleability problem, it's a scaleability problem with the current incentives given the recent activity in the blockchain.

i really don't see the fuss about this change, Gavin is NOT our 'king'. miners and users will settle this democratically, as always.
legendary
Activity: 2142
Merit: 1010
Newbie
May 05, 2013, 04:05:50 PM
It's not a scalability issue...

It is.

From https://github.com/bitcoin/bitcoin/pull/2577:
Quote
Two motivations for this pull:

First, to discourage people from bloating users' wallets and the UTXO set with tiny outputs...

Second, we have no idea what will happen to Bitcoin prices or transaction volume / competition for space in blocks.
donator
Activity: 994
Merit: 1000
May 05, 2013, 04:00:50 PM
One more proof that I was right - WARNING! Bitcoin will soon block small transaction outputs.
As I said core devs failed to solve scalability issues.
It's not a scalability issue - it's a problem with externalized costs. In this case, current miners don't take the future cost of transactions into account when comparing transaction fees - mainly because they don't have a financial incentive to care. And the fix is a soft limit, which means those transaction will still be legal - you just have to find a miner who includes them. If you disagree with that change, get yourself some mining equipment and include them when finding a block. Or bribe a mining pool. It's not a dictatorship you know...

Also, transaction fee policies are a moving target and not really a core critierium for the bitcoin consensus model. There's no hard rule which defines how much transaction fee has to be paid. It's an mechanism to bribe miners...
legendary
Activity: 2142
Merit: 1010
Newbie
May 05, 2013, 03:51:48 PM
Read the pull request. It really isn't that bad.

Quote
Road map:
(...)
So IsDust() will be based on what is actually being accepted into blocks, and will adjust appropriately

It doesn't matter if it's bad or good. Core devs are unable to solve scalability issues. PERIOD
member
Activity: 106
Merit: 10
May 05, 2013, 03:49:35 PM
Mass worldwide adoption isn't going to happen...those who think it will are dreaming. But it doesn't really need to. People who want to use bitcoin still can use bitcoin.
sr. member
Activity: 434
Merit: 250
May 05, 2013, 03:45:31 PM
#99
Read the pull request. It really isn't that bad.

Quote
Road map:
(...)
So IsDust() will be based on what is actually being accepted into blocks, and will adjust appropriately
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
May 05, 2013, 03:40:43 PM
#98
One more proof that I was right - WARNING! Bitcoin will soon block small transaction outputs.
As I said core devs failed to solve scalability issues.

That doesn't seem good at all Undecided
legendary
Activity: 2142
Merit: 1010
Newbie
May 05, 2013, 03:32:53 PM
#97
One more proof that I was right - WARNING! Bitcoin will soon block small transaction outputs.
As I said core devs failed to solve scalability issues.
member
Activity: 110
Merit: 10
May 05, 2013, 10:51:37 AM
#96
doom and gloom. it's happening. be afraid. etc...
SAQ
newbie
Activity: 56
Merit: 0
May 05, 2013, 10:49:10 AM
#95
IT ONLY HAS BEGUN!!!

In 4 years since the launch? U r kidding.

Lol - 4 years is a long time? Had you heard of the internet in 1994? - Most people had not.

It was not until 2000 - 2001 that the internet became big. 4 years is the beginning phrase bro.

I have a different opinion, bro.

Right, well that settles it.
legendary
Activity: 2142
Merit: 1010
Newbie
May 05, 2013, 09:25:24 AM
#94
IT ONLY HAS BEGUN!!!

In 4 years since the launch? U r kidding.

Lol - 4 years is a long time? Had you heard of the internet in 1994? - Most people had not.

It was not until 2000 - 2001 that the internet became big. 4 years is the beginning phrase bro.

I have a different opinion, bro.
SAQ
newbie
Activity: 56
Merit: 0
May 05, 2013, 08:11:58 AM
#93
IT ONLY HAS BEGUN!!!

In 4 years since the launch? U r kidding.

Lol - 4 years is a long time? Had you heard of the internet in 1994? - Most people had not.

It was not until 2000 - 2001 that the internet became big. 4 years is the beginning phrase bro.
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