Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19284. (Read 26606847 times)

Hide your IP. NOW.

WTF does that mean? This isn't one of your anarcap hugging sessions. Are you going to suicide bomb MIT or are you going to drink an extra can of Red Bull and code a bit more?

One valid concern that centralized services have for their long term viability is competing with p2p decentralized on the chain payment channels(LN and many more) instead of controlling the ecosystem. If they are smart they will adapt their business model over time and keep up, if not than they should be aware:

1) There are many of us that won't give up on keeping bitcoin decentralized and p2p (we have somewhat veered off track but are looking to reverse this trend)
2) We aren't your enemies and aren't here to destroy your business. We appreciate the efforts made , contributions and sacrifices given in exchange for what we have contributed back in solidarity and are open to mutually growing together with the understanding that we won't compromise our values
3) In the future nodes will be incentivized by sharing tx fees with miners by becoming payment channels. You will need to adapt to this change with bitcoin becoming a settlement network where a market of p2p individuals can freely compete with no unfairly favored nodes or companies. Our allegiances can quickly turn on any company that tries to control these payment channels, they must remain free, open  and decentralized .

There are many of us that are so secure about this future that we are willing to make exceptional sacrifices to make it happen.

What else is there to say? It's exquisite and risqué <==the "é" is a nod to BitUsher
If really curious, find out for yourself at , where we Agent Provocateurs hang out.

LOL. We have a ways to go on making consumer friendly offline wallets.  People do need to make a paradigm shift and understand that freedom comes with a cost. It takes more effort to be your own bank.  I fear most won't understand the value in it until they have fallen prey to depositor bail-ins, seized accounts, or just an outright bank failure with or without deposit insurance.

I don't know why they're doing it. Bitcoiners are so warm hearted, I just assumed it was for the good of the team.

You won. Stop telling me I'm confused you arrogant Proof of Stake! You're confused and you've managed to fud your way to victory. By the looks of things, the lack of education and spine in the Bitcoin community is what's kept you afloat, so maybe you should appreciate your band of village idiots a bit more.


Well, then they're obviously not doing it for the incentives, are they?

Tell me more about your exquisite underwear Lamby

Bitcoin: It's not for criminal ugaise.  https://www.reddit.com/r/Bitcoin/comments/46cast/los_angeles_hospital_paid_ransom_in_bitcoin/d03z7bk?context=3

Don't get too comfortable. The market has a paddle big enough to give anyone a spanking.

That is an interesting way to think about it.... but doesn't take into account the leveraged losses and income loss potential from merely just holding, but don't worry, you keep posting your shorts and I'll keep buying up your coins.


That is a nice thought , and one that I can get behind , but is unrealistic in the short term. There needs to be a transitional period where fiat leaks into bitcoin before bitcoin becomes so ubiquitous that the USD / Euro merely becomes a foreign currency ... and we are no where close to that moment.

No, but I like burgers. I am very fat you see.

I hear what you're saying, but in a way they are like Gox, except more professional and honest. If you don't hold the private keys, you don't own Bitcoin.  Bitshares is partnering in a decentralized exchange, so it is possible. I just would like to see some with anywhere close to the volume of Stamp or BFX.

Ideally we want an ecosystem so robust that fiat isn't the main onramp, but rather businesses trading goods and services for coin. There is no way to do that however without a meaningful fix to the scaling problem that doesn't involve third party middlemen.  If we need middlemen, then there is no point to this whole experiment. It is a failure.

Don't worry about my short. I have posted extra margin, so you can't blow it up without making me a lot more on my cold storage stash.

Rejoice!
Third Classic Block (399024) mined

Do you live in Holland? It's about 100km from my town to Arnhem, i got plans to visit Burger King the comming ore next weekend. ( i skip that "mystery event'').

The thought of my dad using a Trezor or Coinbase -- either one -- unsettles me a bit.
On par with imagining him scoring crack. At 2a.m. In the projects...

Things I honestly believe:
There’s no obvious incentive for people to run nodes. Given their importance, we should do everything we can to limit the disincentives.
Not every micro-transaction requires the full benefit of being on-chain.
Some of the most vocal core developers are kind of jerks.

These are fair concerns although far more unlikely than Mtgox if you understand how thorough VC investors are with their due diligence , and reasons why we should educate new users to quickly switch to a hardware wallet after on ramping. It really doesn't address my point that these companies provide a valuable service and can buffer any influx of new users. You aren't advocating that we tell non -technical people who are completely new to bitcoin to immediately buy a hardware wallet and meet some stranger in local bitcoins instead are you. Its one thing helping out a family member and giving free 1 on 1 support , but what about all the new users that doesn't have this option?

Buying coins on Coinbase or Circle does not add to tx bloat on the main chain for every purchase. We can have millions of new users onramped overnight without any problems whatsoever.

The irony is Coinbase and circle have mixed incentives to go with a conservative approach and aggressive on the chain approach. In one sense they would temporarily benefit from an influx of new users choosing free tx's and using their wallet to buy btc , on the otherhand they must fear the long term implications p2p decentralized on the chain payment channels pose their centralized wallets ... They really don't want to compete with every node as another payment channel. This is why there is so much desperation in Brain's tweets despite how silly it makes him sound.... he has some legitimate concerns for the longterm profitability of his company. I believe he needs to slowly evolve and offer different services :I.E...  bitcoin atms,  insured and specialty payment channels, consultancy services, business software solutions, ect...

They might run fractional reserve schemes at some point. Those will blow up like gox. We've seen the "PR disaster" and "negative impression" of that already.

Wallets are getting easier and safer to use every year. Unless we make everything more complex by introducing uneccessary features like RBF they can well be used by "normal people".

I'd rather have my dad use a trezor than coinbase.