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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19285. (Read 26606848 times)

legendary
Activity: 1260
Merit: 1002
So what if some people want to use exchanges or circles to hold their money instead of proper wallets. That doesn't make our money any more vulnerable.

Google MtGox & you may change your thinking. Seriously you're a Hero Member coming out with shit like this?

i dont even..

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 994
Merit: 1035
So what if some people want to use exchanges or circles to hold their money instead of proper wallets. That doesn't make our money any more vulnerable.

Ask Mark Karpeles.

While I typically advice people to avoid using off the chain solutions and centralized bitcoin banks, it isn't fair to compare Mtgox to Coinbase and circle. There is a world of difference between the two... and it isn't irresponsible for new users to temporarily use these services while they learn about bitcoin. You have to weigh risks , and a new user has far more risk at losing their btc with a personal mistake, technical problem or virus than the risks inherent with a regulated and insured institution where their largest risk is capital gains taxes theft.

New users should just be made aware of the tradeoffs.

You are saying two contradictory things. Core wont cave or lose and the miners won't switch if people are still buying bitcoin. So knock off the "BUY BUY BUY!" shit until we get this resolved or it won't get resolved.

Sorry to burst your shorts , I'm buying more and encouraging others to jump on this train , now....Buy, Buy, Buy!(all of which uses 0 tx's of capacity from most orders)
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
So what if some people want to use exchanges or circles to hold their money instead of proper wallets. That doesn't make our money any more vulnerable.

Google MtGox & you may change your thinking. Seriously you're a Hero Member coming out with shit like this?
legendary
Activity: 1106
Merit: 1007
Hide your women

EVERYONE wants bigger blocks, except for these guys, and it's not because they are all knowing gods and know what's best for us. there are many poeple that understand the nitty gritty details who agree bigger blocks is safe.


From what I saw it seems like bigger block is at least canted by all users. It's the miners who don't want it?

the chinese miner, along with everyone else, were ready for 8MB.

the block size increase has been pushed back for one reason alone, the core dev team deems it unsafe.

who am i to disagree? i'm no one...

but gavin isn't no one, and fucking big chunks of hashing power isn't no one either....


CORE MUST DIE!
they forced our hand, it's them or us....



You are saying two contradictory things. Core wont cave or lose and the miners won't switch if people are still buying bitcoin. So knock off the "BUY BUY BUY!" shit until we get this resolved or it won't get resolved.


legendary
Activity: 994
Merit: 1035
***Sigh*** ... no wonder this discussion has been so "complicated"
Some are still under the misapprehension that miners are the ones who vote on the direction of bitcoin and "make the final call"

https://twitter.com/olivierjanss/status/700325846532362241

If this were true it would defeat the whole raison d'être of bitcoin in the first place and only would apply if we still were all mining on cpu's... when those days are long over. Economic Nodes now have a stake in the game and the power dynamics are split and a dynamic inter-relationship between miners, users, devs, exchanges/processors, and  merchants.

We need better educational materials to inform the confused... or perhaps we may learn the hard way with a contentious HF and many people learning that even one person has the right and ability to fork the chain at any given moment with or without the miners.  

There are many devs that will support the alternative chain as well -

https://twitter.com/petertoddbtc/status/700316802853634048

https://twitter.com/petertoddbtc/status/700317058102226944
legendary
Activity: 1260
Merit: 1002
So what if some people want to use exchanges or circles to hold their money instead of proper wallets. That doesn't make our money any more vulnerable.

Ask Mark Karpeles.
legendary
Activity: 2268
Merit: 1278
So what if some people want to use exchanges or circles to hold their money instead of proper wallets. That doesn't make our money any more vulnerable.
full member
Activity: 126
Merit: 100
... onramp services like circle and coinbase are well suited to fill this role as they have better support, and handle the complex security for the clients, and the clients have to buy the bitcoins from them anyways so may as well setup a temporary wallet with them too.

TL;DR: P2P cash needs banks middlemen. Now more than ever Smiley
"Thus the Bitcoin dream turned belly up, turned green, bobbed to the scummy surface of cupidity unlimited, filled with gas, went bang in the noonday sun.” --Brainyquote.com
legendary
Activity: 1260
Merit: 1116
You're serious?
I mean if you are, then seems like you have a very "elite" perception of cryptocurrencies...

He is being sarcastic and in the camp of lets blow up capacity as much as possible and dump all the spam on the main chain regardless of the consequences because I am impatient and want bitcoin to compete with visa Immediately , regardless of the consequences.

In reality we don't have to choose between either. There is a false dichotomy being painted.

Bitcoin already has a temporary surplus capacity with insured and regulated off the chain solutions for all those influx of new users like coinbase / circle/ and other exchanges... If a fee market starts to build up that will drive some of the spam off the network , encourage some new users to use off the chain solutions instead, and spur some innovation in use of payment channels like what 21 introduced.

The sky isn't falling. Bitcoin can take on much more overnight without any issues.
 

I'm in the small blocks camp now. Ask around. I'm legit.
full member
Activity: 126
Merit: 100
we can all use paypal as a "temporary off-chain solution", ok?

I understand that some may resent Brian for his recent trolling on twitter and thoughtless remarks, but I won't hold it against him. The reality is these off the chain solutions provide a temporary and valuable service to our community and new users are better at onramping onto them before they learn about the complexities of our ecosystem.

We don't want millions of new users simply downloading electrum and flooding our ecosystem with questions and mistakes and losing their passwords, forgetting to backup their wallets, ect... This would not only be a PR disaster but also create a negative impression of bitcoin that will make them think twice about using it for a long while.

In light of recent publicity, I don't think we need to worry about "millions of new users simply downloading electrum and flooding our ecosystem with questions and mistakes and losing their passwords, forgetting to backup their wallets, ect..." all that much.
We're relatively safe.
legendary
Activity: 994
Merit: 1035
we can all use paypal as a "temporary off-chain solution", ok?

I understand that some may resent Brian for his recent trolling on twitter and thoughtless remarks, but I won't hold it against him. The reality is these off the chain solutions provide a temporary and valuable service to our community and new users are better at onramping onto them before they learn about the complexities of our ecosystem.

We don't want millions of new users simply downloading electrum and flooding our ecosystem with questions and mistakes and losing their passwords, forgetting to backup their wallets, ect... This would not only be a PR disaster but also create a negative impression of bitcoin that will make them think twice about using it for a long while.

You have to try and empathize with the mind of a new user being introduced to bitcoin and understand that many need to take incremental steps in learning and using it... onramp services like circle and coinbase are well suited to fill this role as they have better support, and handle the complex security for the clients, and the clients have to buy the bitcoins from them anyways so may as well setup a temporary wallet with them too.
full member
Activity: 126
Merit: 100
We should try to curb adoption early. Too many users not running full core nodes weakens the system. Like parasites! Angry

FTFY Angry
donator
Activity: 2772
Merit: 1019
Bitcoin already has a temporary surplus capacity with insured and regulated off the chain solutions for all those influx of new users like coinbase / circle/ and other exchanges... If a fee market starts to build up that will drive some of the spam off the network , encourage some new users to use off the chain solutions instead, and spur some innovation in use of payment channels like what 21 introduced.



we can all use paypal as a "temporary off-chain solution", ok?
sr. member
Activity: 448
Merit: 250
legendary
Activity: 994
Merit: 1035
You're serious?
I mean if you are, then seems like you have a very "elite" perception of cryptocurrencies...

He is being sarcastic and in the camp of lets blow up capacity as much as possible and dump all the spam on the main chain regardless of the consequences because I am impatient and want bitcoin to compete with visa Immediately , regardless of the consequences.

In reality we don't have to choose between either. There is a false dichotomy being painted.

Bitcoin already has a temporary surplus capacity with insured and regulated off the chain solutions for all those influx of new users like coinbase / circle/ and other exchanges... If a fee market starts to build up that will drive some of the spam off the network , encourage some new users to use off the chain solutions instead, and spur some innovation in use of payment channels like what 21 introduced.

The sky isn't falling. Bitcoin can take on much more overnight without any issues.
 
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 826
Merit: 500
Join @Bountycloud for the best bounties!
We should try to curb adoption early. Too many users not running full core nodes weakens the system. Like parasites Angry

You're serious?
I mean if you are, then seems like you have a very "elite" perception of cryptocurrencies...
legendary
Activity: 1260
Merit: 1116
We should try to curb adoption early. Too many users not running full core nodes weakens the system. Like parasites Angry
full member
Activity: 126
Merit: 100
Bitcoin is ours! Cool

Indeed.  

Bitcoin is defined by the code we choose to run.  

As a btc user, I never had the opportunity to chose which code I was going to use.

Using "plug and play" spv or core wallets and trading on centralized exchanges does not make you a "bitcoin user" technically speaking.


So for you someone using electrum and saving his private keys is not a btc user?
What is a btc user then?

He appears to think of a Bitcoin user as a miner, someone who runs a full node, or at least runs some flavor of a core wallet. Do only "kids" run SPV wallets although you can do advanced things like multisig with them, and Satoshi invented the SPV wallet concept for Bitcoin users to use?

I think it's important to be aware of the fact that hdbuck is a fucking idiot.

An angry, bitter idiot, to be precise.
or is good at never breaking character [Fatman says= go figure, when did you buy his account?]

Thx, that clarification is appreciated.

AHAHAH xD

Ok thanks guys, I didn't really understand in what I was not a btc user but everything is much more clear right now ^^

Yes listen to the trolls and forkers here, they surely know what they are talking about.

Bitcoin's point is to remove the middleman, hence spv, or exchanges are not a technically sound practice within the bitcoin sphere.

Just like using facebook and giving up all your information to Google et al. does not make you a sane internet user.

So technically, bitcoin has, at most *less than 5,000 Correction: about 6,000 users, due to recent explosive growth of Classic!*: because that's how many full nodes there are, and some (*gasp*) run more than one node Shocked

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