Topic: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World! - page 262. (Read 383196 times)

No, saw it via my zeroblock app. 

Well, here, I'll try to paste a link from the app.  The guy who posted it is Scotty321.



http://www.reddit.com/r/Bitcoin/comments/2ci5mb/bitcoin_is_not_the_answer_for_micro_transactions/

interesting post do you have the reddit link? Curious to see discussion centered around this

A little math since even now most "experts" don't seem to get it.  This is a real life example someone recently had which was posted on reddit which clearly shows what I've been saying.


"With a .0001 BTC required transaction fee for all transactions under .01 BTC, that amounts to a 6% transaction fee (at today's exchange rates) for a $1 USD transaction. And that equates to a 12% fee for a $.50 USD transaction. These fees are significantly higher than credit card fees, Paypal fees, Western Union fees, and even foreign exchange rate fees."

"A few days ago, I didn't realize any of this information (i.e. the required fees), so I tried to send $1 worth of BTC to a friend WITHOUT a transaction fee to show him how "amazing" this new technology is. Turns out to be not very amazing at all, because the transaction never confirmed because of the lack of the transaction fee. Worst of all, there seems to be nothing I can do about it... I can't even add the 6% fee to it now, in order to get it confirmed!"

At $1,200 per Bitcoin these fees will double. At $10,000 [which should come next year] these fees will go up by nearly 20 fold.  They cannot lower these fees anymore and they have actually been raising them to help get the blocks confirmed.

What this means is that in the next 12 months Bitcoin will not be usable for any transactions under ~$20 which are probably ~90% of the transactions in the world.  

Add to this the transactions per second limit/problem Bitcoin cannot overcome and you can see Bitcoin is in serious trouble and will need a "helper" very very soon - like in the next few months.

Short term they'll add multiple currencies, like LTC, Doge [and a few others] to payment processors [like BitPay and Coinbase] to help pick up the extra (cheaper) volume.

But those currencies are lacking in many ways, especially when it comes to security.

So it's amazing to me that not even now can these so called experts see what's really going on with Bitcoin and iXcoin.

Should be a very interesting 2nd half of the year this year.

It's interesting how a person can become 'prisoner' to their own strengths.  Bitcoin is disruptive. Even the smoothest transition to a global crypto-economy will be jarring.

The idea is to push people into the blockchain, not squeeze them out.

That's what the ETF will facilitate.  Everybody's pensions will go into the blockchain starting next year, and that's just the beginning.

such a sad world we livin in
but its exactly my fear, that the govs and banksters wont just let go.. ie slowing down bitcoin acceptance and hiding and minimising its true power so they can grab it all first and squeeze people out of it as much as they can.

Amir Taaki would be 100% correct if we lived in a free and fair society.

But we don't, never have - the fed, the bankers and the world governments are not just gonna roll over and cede power and control to a bunch of nobodies.  And they're not simple reactionaries but rather plan and plot a course of action many years ahead of time.

And it was visible that paper fiat was dying well over a decade ago so to think they had no plan is childish and absurd.

Other than that, Amir's heart is in the right place, and I personally like him, but his fight is futile - he is fighting a mountain ablaze which cannot be extinguished by any earthly force. 

Bitcoin will transfer and redistribute all the wealth on earth and the crypto which replaces Bitcoin [after its job is done] will enslave all the people of the earth. 

Period.

alright thx i kinda balance between these two views.
but i am no fan of the anatonop dude, i prefer amir taaki's anarchy theory

Not at all.

The exact opposite will happen.  They will do all they can to speed up mass adoption using the greed/fear strategy I outlined in this thread.

The govt wants Bitcoin and crypto to go into full effect ASAP, not in a decade.  The biggest reason is that the dollar, euro, yen, etc., Are dead and they badly need a replacement NOW.

Bitcoin kills 2 birds with 1 stone. It will usher in the new fiat, digital fiat 2.0 under the guise of a free decentralized currency by the people for the people and at the same time [and this is very important] they can blame the death of paper fiat on Bitcoin and people will cheer (like idiots) and be happy, thinking they killed the fed when really they just empowered the fed with unimaginable powers over the idiot masses, not realizing that the governments of the world are the ones who killed fiat with their greed and reckless spending.

So we're gonna have a massive global reset and people will be rejoicing instead of rioting.  But don't worry, the global riots will come, AFTER Bitcoin robs the entire planet and collapses under its own greed driven weight.

So Bitcoin will go to mass adoption next year, bet on that and the govt will help it [greatly], not impede it which is why the govt will grant Bitcoin the public ETF license [in record time].  Read up on the diamond ETF application, 4 years now and still no ETF license.  lol.

You need to forget everything you ever heard from Bitcoin "experts" like Andreas Antonopoulos cause those muppets have, for years, fed the masses NOTHING but massive misinformation.

Watch what happens starting early next year after the Bitcoin ETF and tell me if Bitcoin appears to be hindered in any way as it blows past $10,000 or if it's gonna take more than 2-3 years for mass adoption to be COMPLETED.


Buy all you can now and do NOT sell until well after the ETF license is granted.

you misunderstood, i was more thinking about the current economical system such as how the governments and other FED/IMF/ECB will try to sustain their failure, extinguishing fires as they arrive and for a longer period of time than 2-3 years, slowing even more bitcoin's boom.

they're going to keep the change/face for at least a decade i think. putting as much spoke in bitcoin's wheel as they can.

What issues are you referring to that need to be fixed?

All the ones I've read about and thought about have a good fix already, just waiting for implementation.

you seem pretty sure about that, although i'd love this prophecy to happen, i am quite afraid of the current system's ability to "fix" issues and make this cycle end even more slowly and painfully. 

As expected.

The blockchain is the tech all banks, corporations and especially governments will die to implement.

Bitcoin is just the carrot.

But some countries are bound to choose Bitcoin on some level which will add to the coming madness and hype which will lead to a hyper rise in price to $1 million per Bitcoin in the next 2-3 years (nominal - not adjusted for the coming huge inflation).

I found this:

www.coindesk.com/case-merging-mexicos-peso-block-chain-technology/

which is why cryptocurrency will be even more than a joke than its right now... a laughing stock.

~CfA~

Great find.

I said last year all the major corps and even celebrities will launch their own coins in 2014-2015.  They already have a customer base and massive Eco-systems so gaining value for their own currencies will be quite easy.

As for the Jersey Hedge fund, yeah, that's gonna help but the really massive run will come once the winklevoss public ETF gets the license in the next few months.  All the US funds currently managing trillions of dollars are waiting for that SEC green lighted fund.

That's funny.

You just described Bitcoin Adoption.  Haha.

The article makes it sound so wonderful and like everyone except a few people want it. And as you said, their are alot of people who will actually run as fast as they can to get their kids chipped and take the guns if the opportunity ever presents itself. I think that most people will grudgingly go for something like this with little to no fuss. After that it would become mandatory on everyone. These types of ideas are usually never introduced to the masses all at once or in a mandatory fashion. Float the idea to guage reactions, manipulate a bunch of vocal sheep into supporting the idea, roll it out in small increments to acclimate the willing and the hesitant, once adoption reaches critical mass--force it on everyone. That's the way they learned to roll out new restrictive or controversial policies in prison and it was highly successful at avoiding violent conflict. The same technique is used out in society.

Hahahaa.  Right, RFID chips are gonna get rid of gun violence.

Just like getting rid of guns is gonna get rid of senseless murders.

What's sad and shocking is the fact that the masses actually believe this.

So then, maybe they deserve being enslaved.

But yes, the end game here [with Bitcoin et al] is to chip all the sheep.

This isn't directly about iXcoin but too important not to share: http://newrepublicoftexas.com/rfid-chip-implemented-public-schools-2015-effort-curb-gun-violence-jane-m-agni-national-report/?doing_wp_cron=1404690054.7607109546661376953125 

Combine this with some good old fashioned blockchain technology and big govt and you have a recipe for something bad. 

(Edit:This story is based upon another article from National Review- a publication which specializes in satire. NR has a history of fooling people with their fake stories, and it seems to me that their motive goes beyond mere satire. Articles such as this could very well be an attempt to gauge public opinion or even to manipulate opinion. Whatever it may be, such articles do have an impact on public perception and cannot be ignored even though they are fake.)