Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19198.

Cconvert2G36

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Quote from: adamstgBit on February 25, 2016, 01:13:08 AM

Quote from: billyjoeallen on February 25, 2016, 12:46:46 AM

from 90% to 84% percent market share in two months! If Bitcoin was a corporation, it would be extraordinary for the CEO NOT to get sacked by the Board of Directors. That is a stunning loss of market share in so little of time. It took IBM, Microsoft, Yahoo! years to lose that much. Not sure about MySpace though.

the sad news is these altcoins even ETH is no safe haven from what's happening here in bitcoin land, if bitcoin can't do it no one can.
and if everyone ( or a few to many poeple) goes of to doge maid eth etc
the whole crypto world is going to come crashing down.
i can't quite put my finger on why exactly
but i have a feeling if bitcoiners get all divided up into 10 - 20 different cryptos, it's a big fat FAIL, for all.

Bitcoin not being able to do it is their raison d'être. See monero.

adamstgBit

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Quote from: billyjoeallen on February 25, 2016, 12:46:46 AM

Quote from: adamstgBit on February 25, 2016, 12:36:01 AM

https://youtu.be/UjZuM2qUiF4?t=2m19s

and poeple are starting to buy alts...

we are all going to die.

from 90% to 84% percent market share in two months! If Bitcoin was a corporation, it would be extraordinary for the CEO NOT to get sacked by the Board of Directors. That is a stunning loss of market share in so little of time. It took IBM, Microsoft, Yahoo! years to lose that much. Not sure about MySpace though.

the sad news is these altcoins even ETH is no safe haven from what's happening here in bitcoin land, if bitcoin can't do it no one can.
and if everyone ( or a few to many poeple) goes of to doge maid eth etc
the whole crypto world is going to come crashing down.
i can't quite put my finger on why exactly
but i have a feeling if bitcoiners get all divided up into 10 - 20 different cryptos, it's a big fat FAIL, for all.

Cconvert2G36

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Quote from: iCEBREAKER on February 25, 2016, 12:56:11 AM

Quote from: adamstgBit on February 25, 2016, 12:10:25 AM

Quote from: Cconvert2G36 on February 25, 2016, 12:05:20 AM

This might help clear out some of the cobwebs of your confusion adam... Kiss

idk the guy, he's chinese i assumed he was a big blocker.

peter todd shouldn't be allowed to have friends.

Samson Mow is the best comedian working in the Bitcoin space. And FYI he's Canadian.

Can we get him to write a sitcom about Peter Todd and Luke Jr as an odd couple that somehow gets locked in a room together in every episode?

I'm picturing a sort of Peep Show meets Big Bang Theory angsty geekfest of feisty mutual loathing with occasional rapport and reconciliation. Grin

Richard Ayoade as The Todd. David Mitchell as Luke? Benedict Wong can play Samson when they break the fourth wall. Tongue

You're much funnier when you're high on illusory confidence.

This is just… lame. Undecided

Imagining iCEBREAKER, kicking back after a long day of R3KTing gavinista lolcows... finds relaxation in crappy sitcoms, now that's funny.

ChartBuddy

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iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: adamstgBit on February 25, 2016, 12:10:25 AM

Quote from: Cconvert2G36 on February 25, 2016, 12:05:20 AM

This might help clear out some of the cobwebs of your confusion adam... Kiss

idk the guy, he's chinese i assumed he was a big blocker.

peter todd shouldn't be allowed to have friends.

Samson Mow is the best comedian working in the Bitcoin space. And FYI he's Canadian.

Can we get him to write a sitcom about Peter Todd and Luke Jr as an odd couple that somehow gets locked in a room together in every episode?

I'm picturing a sort of Peep Show meets Big Bang Theory angsty geekfest of feisty mutual loathing with occasional rapport and reconciliation. Grin

Richard Ayoade as The Todd. David Mitchell as Luke? Benedict Wong can play Samson when they break the fourth wall. Tongue

BitThink

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Quote from: adamstgBit on February 25, 2016, 12:03:43 AM

Quote from: BitThink on February 24, 2016, 11:58:59 PM

Quote from: adamstgBit on February 24, 2016, 11:56:39 PM

Quote from: Cconvert2G36 on February 24, 2016, 11:46:51 PM

Aaaand... the debate has risen to the tenor of "accusations of cockgobbling"

Way to go Samson Mow, CTO of BTCC

Bobby Lee must be proud.

LN promises to take away >90% of the fees generated per block, of course Samson Mow hates it...

i agree with the other guy
yes, we need R&D on LN and sidechains
just don't force me to ~~buy it.~~ pre-order

I think you make a mistake of Mow's position. He's supporting LN.

you sure?
well in that case i'll just say that, i'll take Gavin's thing over Mow's thing...

Look at the debating. Mow is saying the other guy oppose LN but cannot point out its drawbacks. Then the other guy say although it's good, does not like to be forced, then Mow said those dirty words. Hope this clarifies his position on LN.

billyjoeallen

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Quote from: adamstgBit on February 25, 2016, 12:36:01 AM

https://youtu.be/UjZuM2qUiF4?t=2m19s

and poeple are starting to buy alts...

we are all going to die.

from 90% to 84% percent market share in two months! If Bitcoin was a corporation, it would be extraordinary for the CEO NOT to get sacked by the Board of Directors. That is a stunning loss of market share in so little of time. It took IBM, Microsoft, Yahoo! years to lose that much. Not sure about MySpace though.

adamstgBit

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https://youtu.be/UjZuM2qUiF4?t=2m19s

and poeple are starting to buy alts...

we are all going to die.

adamstgBit

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Activity: 1904

Merit: 1037

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Quote from: Cconvert2G36 on February 25, 2016, 12:18:37 AM

Quote from: adamstgBit on February 25, 2016, 12:10:25 AM

idk the guy, he's chinese i assumed he was a big blocker.

peter todd shouldn't be allowed to have friends.

Samson is the guy who basically spearheaded the "Great Consensus" event last weekend, I heard the letter turned medium blog post with fancy changing titles was written on his laptop.

That explains his flurry of twittering during and following the event, I think.

he seemed impartial last weekend.

well now i know where he stands.

Cconvert2G36

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Quote from: adamstgBit on February 25, 2016, 12:10:25 AM

idk the guy, he's chinese i assumed he was a big blocker.

peter todd shouldn't be allowed to have friends.

Samson is the guy who basically spearheaded the "Great Consensus" event last weekend, I heard the letter turned medium blog post with fancy changing titles was written on his laptop.

That explains his flurry of twittering during and following the event, I think.

billyjoeallen

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Hide your women

I can't believe I even have to say this but I do not hate the Chinese. I hate single party currency-manipulating governments with a sketchy understanding and respect for property rights and free speech.

Canadians, OTOH...

Plaid-wearing moosehumpers.

adamstgBit

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Quote from: Cconvert2G36 on February 25, 2016, 12:05:20 AM

This might help clear out some of the cobwebs of your confusion adam... Kiss

idk the guy, he's chinese i assumed he was a big blocker.

peter todd shouldn't be allowed to have friends.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: adamstgBit on February 24, 2016, 11:56:39 PM

Quote from: Cconvert2G36 on February 24, 2016, 11:46:51 PM

Aaaand... the debate has risen to the tenor of "accusations of cockgobbling"

Way to go Samson Mow, CTO of BTCC

Bobby Lee must be proud.

LN promises to take away >90% of the fees generated per block, of course Samson Mow hates it...

i agree with the other guy
yes, we need R&D on LN and sidechains
just don't force me to ~~buy it.~~ pre-order

Sam Mow is just one voice.

We already know that we are getting seg wit...

and seg wit has to be in place before lightning network and sidechains will become potentially more reasonable and practical.

Really, we would have to see how they play out in terms of their implementation and security etc... which seems to be quite a distance down the road... because they are mostly theory at this point, and not even really being tested on any broad application level, as far as I know.

Cconvert2G36

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This might help clear out some of the cobwebs of your confusion adam... Kiss

adamstgBit

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Quote from: BitThink on February 24, 2016, 11:58:59 PM

Quote from: adamstgBit on February 24, 2016, 11:56:39 PM

Quote from: Cconvert2G36 on February 24, 2016, 11:46:51 PM

Aaaand... the debate has risen to the tenor of "accusations of cockgobbling"

Way to go Samson Mow, CTO of BTCC

Bobby Lee must be proud.

LN promises to take away >90% of the fees generated per block, of course Samson Mow hates it...

i agree with the other guy
yes, we need R&D on LN and sidechains
just don't force me to ~~buy it.~~ pre-order

I think you make a mistake of Mow's position. He's supporting LN.

you sure?
well in that case i'll just say that, i'll take Gavin's thing over Mow's thing...

ChartBuddy

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BitThink

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Quote from: adamstgBit on February 24, 2016, 11:56:39 PM

Quote from: Cconvert2G36 on February 24, 2016, 11:46:51 PM

Aaaand... the debate has risen to the tenor of "accusations of cockgobbling"

Way to go Samson Mow, CTO of BTCC

Bobby Lee must be proud.

LN promises to take away >90% of the fees generated per block, of course Samson Mow hates it...

i agree with the other guy
yes, we need R&D on LN and sidechains
just don't force me to ~~buy it.~~ pre-order

I think you make a mistake of Mow's position. He's supporting LN.

BitThink

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Quote from: Cconvert2G36 on February 24, 2016, 11:46:51 PM

Aaaand... the debate has risen to the tenor of "accusations of cockgobbling"

Way to go Samson Mow, CTO of BTCC

Bobby Lee must be proud.

Clown

adamstgBit

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Quote from: Cconvert2G36 on February 24, 2016, 11:46:51 PM

Aaaand... the debate has risen to the tenor of "accusations of cockgobbling"

Way to go Samson Mow, CTO of BTCC

Bobby Lee must be proud.

LN promises to take away >90% of the fees generated per block, of course Samson Mow hates it...

i agree with the other guy
yes, we need R&D on LN and sidechains
just don't force me to ~~buy it.~~ pre-order

billyjoeallen

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Hide your women

Quote from: BitThink on February 24, 2016, 11:50:15 PM

Quote from: billyjoeallen on February 24, 2016, 11:41:00 PM

Quote from: Cconvert2G36 on February 24, 2016, 11:34:58 PM

Quote from: billyjoeallen on February 24, 2016, 11:24:54 PM

Quote from: Cconvert2G36 on February 24, 2016, 11:14:46 PM

Quote from: billyjoeallen on February 24, 2016, 10:59:13 PM

Quote from: marcus_of_augustus on February 24, 2016, 10:54:42 PM

Quote

I've said that all along. It's the people who could point guns at the miners any time they want. That's what censorship is

... and then what, they shoot the blockchain into pieces?! omg bitcoin doomed

Shut them down if they are stupid, but they aren't stupid. The Chinese have a higher average IQ than Europeans and Americans. They would do what the Chinese do: they would manipulate the currency. 51% attacks, double spends or merely threaten to do so.

This is the part where we change the PoW… just like some are threatening to do if 75% of the blocks start voting for 2MB.

The important difference… it would be unanimous in the case of chinese govt takeover of mines, far from it with a simple upgrade to 2MB max blocks with miners using soft limits along their supply curve.

15000, and a big delete buffer Cool

How long would that take? How soon could we agree on a different hashing algorithm? How much hashpower would secure the new fork? Face it, the ChiComs could damage Bitcoin beyond repair, or at least destroy our firstmover advantage and crash the price to pennies.

It'd be a nightmare for sure, but not insurmountable I think. As gmax likes to say, the candidate code is ready. The chances of you seeing it are probably much higher than a hostile takeover by the PRC.

The probability of a hostile takeover by the PRC goes up as $/BTC goes up. So if we continue on our upward trajectory, the only question is what's gonna kill us first, the commies or fullblocalypse?

I feel in your imagination, China is a city and all miners are inside one room, and the government is a man with a gun who can shoot anyone he want at anytime.

No, China is a huge diverse nation under the political control of a single party government that has murdered more of it's own citizens than any other government in the history of civilization. What's not to love?

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