Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20974. (Read 26610315 times)

Coin
Explanation

Anyone in support of a blocksize increase is a moron, a plague to Bitcoin.




So please feel free to go f#ck yourselves along with gavin and mickey the usurpers.

Anyway, such fork will just never become reality, as miners wont simply let their revenue crushed.

This my last post on the matter. Moving on.

(sry OT, needed to let it out one last time)


ps: will put any whining blocksize increase noob on ignore from now on.

Since you're long enough here to judge from a advantageous POV, here's a thought you might want to read:

Trying to understand how the world runs on its wheels, nobody should disagree, that these wheels are called "money". Regardless of what people think about Bitcoin, it's a new set of wheels & suspension system at the same time. Technology wise, it's nowhere near whatever all these hundreds of years of civilization has presented so far. It's ingeniously engineered, wisely implemented and uses scientific concepts that nobody would've thought about 20y ago.

Now, there's the current "system" that several people (you can use the word "corporations" here) have been using to control their field of interest, whether this is medical, IT, Engineering, Communications etc. They will simply won't let their car on some other hands other than their own. At least, not without a fight. Funnily enough, it seems that the world is running out of time (monetary wise). So, a federalization model for the whole planet that would use the old driver, seems to run to an end. Some say a few months, others say less than a year - doesn't really matter. This is over.

Coming to the present day, I've written elsewhere, that "Everybody Has His Price". If the XT fork is orchestrated by a fraction of people that want control over BTC, then it was only a matter of time to "pwn" its "chief scientist". We're talking about the next wheels here. MORE car - MORE secure - FASTER than ever. So, no; this won't be the end of Bitcoin. Forked or not, there are more than the half of coins mined so far. If the consensus won't come, TPTB can keep the remaining ones and still be happy.

I *still* don't know if we should be happy with it though...

This sickness is caused by greed. Stagnation with bitcoin's technological development has been caused by the greedy get-rich-quick schemers who will start to cry as soon as some new development has been proposed that could cause temporal uncertainties at the market. This has been going on for some time already, only now clashing into a bigger public conflict of interest between different community members.
This is why it has been a lot more interesting to observe the coming of new altcoins that are based on the blockchain technology. They are free to use brave and necessary solutions without a pack of monkeys yelling at them, that this could cause their bag to become heavier.

Coin
Explanation

Everyone is entitled to their opinions. To understand what prompted me in my decision I suggest reading this article https://letstalkbitcoin.com/blog/post/confessions-of-an-r-bitcoin-moderator and the following thread https://bitcointalksearch.org/topic/confessions-of-an-rbitcoin-moderator-1157912. There is a serious sickness in the Bitcoin community which goes far deeper than the fear of a drop in price. The recent closure of the following thread going back to 2012 is a perfect example. https://bitcointalksearch.org/topic/gold-collapsing-bitcoin-up-68655.

Edit: This thread has a poll. Let me guess: "CIA" is code for Gavin's proposal, in order to avoid this thread from being closed.

thanks for playing. One less weak hand.

Coin
Explanation

Thanks for the quote. All I can say is that I just finished selling the bulk of my remaining Bitcoins for a mix of 80% CAD (Canadian Dollars) and 20% XMR (Monero)

I've said it before and I'll say it again. There is no excuse to allow the block size to be arbitrarily set whenever the devs feel like. I think it should be an automated process, Satoshi might have been justified in not setting a block size increase like he did with the supply decrease, but we have enough data now. We have enough data to make a reliable model based on empirical data, in order to periodically increase the block size. I think it would have been reasonable to increase the block size to 8mb. Maybe they should have just set it at 4mb and be done with it ^{until the next time we need a block size increase.}

I mean, we had 30+ mb block size limit, and we had not big issues then, right?

Coin
Explanation

I think you could just pay your friends  a hundred and twenty five bucks to set up an account, buy a hundred dollars worth of BTC, and transfer it to you. They'd have $25.  You'd have $75 and $100 worth of BTC.

Hell, I might do that if I have time.

I don't think I am being naive. Corporations attract customers in droves even if it causes them massive losses in the short-run all of the time. What they are looking for is positive operating cash flows down the road. CB has tons of investors giving them money to help them operate therefore everything they do at this time does not need to contribute to profits.

It's not a lack of understanding, rather you are being naive. Hey, when you've been screwed by the gubmints and corporations every way since sunday and sold down the river for your personal financial intel ... well, yes "everything is a damn scam people". A little cynicism is healthy after all, these guys are in it for profit and gubmint wants to control your life, no conspiracy necessary. If your product satisfies a need you hardly need the 'marketing' BS layer.

They are just trying to attract more customers while at the same time rewarding customers they already have in order to gain loyalty. They expect to gain more in fees than they do giving out free bonuses in the long run. This also attracts more people to Bitcoin in general and helps motivate people to spread the word which also helps CB. Not everything is a scam people. This is just marketing. I'm amazed at the lack of understanding of this and how you people read into this in such twisted ways.

Either they think BTC is overvalued by a factor of four and are cashing out. I have accounts at circle.com and CB and I much prefer Circle. I get my money and coins faster. Also, that CB pump and dump when they rolled out their exchange was totally unprofessional.

Right. This isn't an existential threat (yet), but it does show just how long core devs have been squabbling and their inability to reach their beloved consensus.  I don't know the players or the code well enough to know who wants to scale slower and who is merely using this issue to obstruct any improvement, but the status quo clearly will not do.  I suspect Core devs have until the end of the year at the latest to release their counterproposal until the major players defect and go to XT.  If the price continues to tank, they'll have far less than that. 

 

Their data-mining revenue per scalp must have increased, or been assessed more 'valuable'

For every user they stick their probe up "for their own protection" (AML/KYC) they harvest an incredible amount of information that is like gold to the data vultures ... probably sell it straight out the back door to the spooks.

https://blog.coinbase.com/2015/08/20/our-referral-bonuses-have-increased-from-25-to-75/

Free lunch!

How is this possible?

Coin
Explanation