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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20947. (Read 26609225 times)

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1260
Merit: 1002
Decentralized decision making, hashing toward a better bitcoin

wouldn't this make you bullish as fuck if this kinda system was in place?

I like you Adam but this is so wrong I'd sell all my bitcoins the day we even consider using this decision process

Why ?

Because

Bitcoin is not a democracy and in the hopes it prospers it shall never be.

Democracy is the rule of the mob.

Bitcoin is a consensus system. Anyone trying to contaminate it with "democractic" process is proposing an attack at the heart of Bitcoin ethos. 

It is beyond me how anyone could still be fooled by the pipe dream of democracy anyway.

+1000
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
Decentralized decision making, hashing toward a better bitcoin

wouldn't this make you bullish as fuck if this kinda system was in place?

I like you Adam but this is so wrong I'd sell all my bitcoins the day we even consider using this decision process

Why ?

Because

Bitcoin is not a democracy and in the hopes it prospers it shall never be.

Democracy is the rule of the mob.

Bitcoin is a consensus system. Anyone trying to contaminate it with "democractic" process is proposing an attack at the heart of Bitcoin ethos.  

It is beyond me how anyone could still be fooled by the pipe dream of democracy anyway.
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
Decentralized decision making, hashing toward a better bitcoin

wouldn't this make you bullish as fuck if this kinda system was in place?

I like you Adam but this is so wrong I'd sell all my bitcoins the day we even consider using this decision process

Why ?
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
Decentralized decision making, hashing toward a better bitcoin

wouldn't this make you bullish as fuck if this kinda system was in place?

I like you Adam but this is so wrong I'd sell all my bitcoins the day we even consider using this decision process
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Decentralized decision making, hashing toward a better bitcoin

wouldn't this make you bullish as fuck if this kinda system was in place?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1512
Merit: 1000
@theshmadz
Hey guys the bitcoin price...

oops, didn't mean to interrupt your XT discussion

carry on

Interesting... inverse correlation?

Bitcoin price


XT nodes


Coincidence? I think not!
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Where can we see the xt node count?

https://getaddr.bitnodes.io/nodes/ while xtnodes.com is down due to DDOS.



The Bitcoin Community Strikes Again!

Let's sit around the campfire and DDOS someone we don't agree with.

donator
Activity: 2772
Merit: 1019
legendary
Activity: 861
Merit: 1010
Where can we see the xt node count?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Hey guys the bitcoin price...

oops, didn't mean to interrupt your XT discussion

carry on
legendary
Activity: 3431
Merit: 1233
XT are going up, btc price is going down.
Yup, people have voted with their bitcoin wallets with a big NO to XT alt coin.
sr. member
Activity: 392
Merit: 250
Two known CIA/NSA assets infiltrated in the Bitcoin community - Gavin Andresen and Mike Hearn - have joined forces to push a hastily concocted privacy nightmare/scamcoin, which they call Bitcoin-XT.

It is currently completely irrelevant, owing to an absolute lack of financial, economical, technical or social support.




Stop trying to act like MP. It's obvious you don't have the capacity to do so, and in (ineptly) trying, you hurt his cause more than you help it. Wait a minute... what am I saying? Keep it up tiger!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 342
Merit: 250
So nobody jumping into Bitcoin from the recent global stock market crash?
But everyone sells because some guy on the internet releases a different version of the bitcoin client?
& Litecoin is not rallying before the halving in 2 days?
 Huh
Understanding this market is hopeless.
1)stock market crash is deflationary/risk off , bitcoin is high-risk, so my reading is a stock market crash is bad for bitcoin until it gets so bad that people either start fearing counterparty risk, or believe a new QE round is guaranteed.

2)"some guy" is showing a serious divide in the community

3) litecoin halving has been hyped for months now
Only 2 days remaining, and ltc is frozen

Dogecoin crashed after its pre-halving pump, although everything else did because Bitcoin crashed. It still makes me wonder of Litecoin might crash after all the halving hype is over. If it does I really hope Bitcoin doesn't follow the same pattern after its halving.
sr. member
Activity: 476
Merit: 500
legendary
Activity: 1162
Merit: 1007

Bitcoin development is centralized about 90% of the network runs centrally developed code.


Here's a diagram that illustrates some of the forms of centralization in Bitcoin, including development centralization:



Source: https://www.reddit.com/r/bitcoinxt/comments/3i37m6/centralization_in_bitcoin_nodes_mining_and/
sr. member
Activity: 280
Merit: 250
As far as XT goes, and knowing what I know now (which still isn't much lol) I think XT addresses some issues that need addressed. Its not perfect, but its an option put out there for everyone to consider. Ultimately its fate will be decided by miners and overall adoption of those who decide to run the new wallets etc. Some may jump on board and the others may not and some will jump back off of XT.

Its out there now for the world to decide. I don't see that its all bad either. More of an ideology question for me and many I think. I am not buying into any conspiracy theories myself. I have always had confidence in Gavin and still do. XT is here now and time will tell if its what we all want. Bitcoin is still bitcoin at the end of the day. Who knows XT could bring more into the fold than would otherwise. I am not promoting XT by any means, just trying to be objective.  Shocked
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