Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11135. (Read 26729012 times)

1st bit..lol..literally. Middle part just opinion. This last bit is out right lies.

I will just follow with this.

"You are a sad, strange little man and you have my pity."

"Farewell."

That's simple. First of all, your scenario has never happened. The blockchain has never been "clogged to the point of uselessness." That doesn't make any more sense than nobody going to a restaurant anymore because its too crowded.

But let's say BTC again skyrockets and the median transaction fee goes up to $10. This means people will be incentivized to use Lightning and do as much LN transacting as possible before a channel must be closed.

During the entirety of the bear market Lightning has been preparing itself for exactly such an occurrence, all the while its critics were talking about how it will harm miners and is unsafe to use. Meanwhile its grown in leaps and bounds, and will continue to grow the higher BTC goes.


Bitcoin's rising tide lifts all altcoins, which tend to go up higher because they are considered to be more risky investments. This has always been the case. BCH and SV aren't rising on their own merits. I suspect they will continue to lose positions in the CMC ranking because their primary marketing tactic continues to be confusing newcomers into thinking they are "the real bitcoin." Its been a failure for them so far and there's no reason to believe that will change in the future.

Put yourself in the shoes of the average business owner who is still skeptical of cryptocurrency and is only beginning to consider adopting BTC for their business... Then along comes this chatter about how BCH and SV are better, and they look into it, only to discover that now they have to learn how to use and install 2 more wallets that aren't compatible with BTC, in the hopes that they will have customers who want to pay in BCH and SV. Largely, nobody still wants to pay in BTC, so there's little chance they're going through the hassle of bothering with coins that are not _actually_ bitcoin.

We will cross that bridge when we get there.  

I have decent confidence regarding whatever developments are taking place on bitcoin and its various layer 2 solutions.

For example, it seems to me that there is no need to build a 200 lane road for 2 lanes of usage, and therefore bitcoin is likely to continue to adequately grow as its usage grows.

In other words, Bitcoin is doing fine in terms of various preparations that combine layer 1 and layer 2 and of course, continued ongoing development that is beyond the ability of many laypersons to understand their significances, but both layer 1 and layer 2 developments continue in bitcoin, so I am not sure why you want to keep pumping your bcash crap as if it provided some kind of meaningful/technical advancement over bitcoin when bcash variants are mere ongoing sham-scam attack vector projects... that are largely smoke and mirrors imitations rather than innovative developments.

ok ok ok... I hate when I have to admit that you were right... especially, in recent times, you jbreher.



But, yeah, you were right and I misread your earlier post (the page/post mix-up).

 

There are NOT too many of us, even here, who believe that the altcoins (shitcoins) are dead.  I, personally, have spouted out several times that I expect many of the altcoins to come along for at least on more pump, and I have NOT been dissuaded of that opinion. 

On the other hand, even if many of us here are inclined to believe that at least one more altcoin (shitcoin) pump is going to happen, there is no real reason to discuss it here, nor to even imply that they are being monitored, unless there is some kind fo connection made to what is going on in bitcoin's price performance dynamics.

Chicken Egg problem. What came first. The money or the bank. I do not respect your answer. Do you like XRP too ?


Name one tradeoff worse than Layer 1.


Gobbledygook. Senseless.


You are wrong. You try to be evil on Lightning, and counter party is fully rewarded and you lose everything. Incentive to play nice.


Hyperbole.

Well, you're wrong on all counts. Let's discuss this a while, Paashaas. Let's start with: What is your definition of decentralization?

http://lmgtfy.com/?q=pit+pat+piffy+wing+wong+wang+site%3Abitcointalk.org

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

Functions of Money: MoE, UoA, SoV

Bitcoin
✔medium of exchange
✔unit of account
✔store of value

Fiat
✔medium of exchange
✔unit of account
❌store of value

Gold
❌medium of exchange
✔unit of account
✔store of value

Tell your friends about Bitcoin

(Edit: And preach like a Gospel, Bhagwad Geeta, Kuran or God is not great. Be a Bitcoin missionary, Bitcoin Yogi, Bitcoin Mullah, Bitcoin Christopher Hitchens)

PS : Sorry if it already been shared.

https://twitter.com/Josh_Rager/status/1113095229102407680

Post count.

We get page count next year.

Except, of course, that exchange trades are an example of Layer 2 trades. I'm not making an argument, I'm answering your question. You asked what Layer 2 solutions existed for the other forks of Bitcoin, so for the sake of answering your explicit question...


Lightning is replete with security tradeoffs. Worth it for some, intolerable for others.


Near-instant? Statistically. Amazing the things that work with five-nine's determinism when blocks are big enough to swallow all transactions generated.


For an absolute, yes.


BTC doesn't do this, with Lightning.

And a good amount of shillers and almost everyone who comes up with Chart during a bull run ( include every pump tg channel too). there is saying that "Toads love to come out in the rain" and in my desi langauage we called them " barsati mendak"

@JJG  I interacted with him many times and this Tai Zen dude seems very legit to me and he's very down to earth guy too.

It’s entirely possible.   If you are a traitor, all of your trading assets are valued at year end and the gain or loss is applied against your income.  This simply extend that rule to investors.

However it’s crappy tax policy, because all investors will simply classify themselves as traders. And most investors in some years lose more money than they make – so the policy will end up costing the IRS more than it brings in in the long term.

As a socialist, this is a dumb idea.

I hope this pump doesn't frighten the Gox lawyer into dumping vast amounts. BTW, when he does that, what happens to the bcash that was there?

Is one last retarded alt pump too much to ask?

I swear to trod the narrow path from here on.

Not gonna say I told you so

Not just ridiculous, but demonstrably impossible.  The government would have to track the value of all assets.  Wyden has a lot of good things to say, but he is embarrassing himself here.

With 1 tril yearly deficit, the need to ID new revenue sources is pressing (in those circles), I would say.
Not looking forward to seeing that proposal, but it simply cannot exist in current conditions where you have just 3K allowance yearly for losses.
What if they taxed someone one year based on 100mil in assets (hypothetically) and next year, his assets are worth 20mil.
They would have to pay him back (paying 3K would be laughable) and I don't see how they can, making the whole affair largely academic.