Topic: What happened to Bitcoin revolution? (Read 212 times)

As we know, competition always generates the birth of better versions and products. So hope for one bitcoin is not worth it. And give the market opportunities, albeit first and speculative.

It will make a lot of scamer difficulties because regulator. bitcoin revolution is quite a big impact although the result there is a lot of new born crypto very unbeneficial even can be said only to make quick money.

The revolution project of Satoshi Nakamoto was not fully realized. His plan is to create bitcoin as a digital currency which will replace the fiat currency and will go against the banking systems. But the problem is that bitcoin is not yet accepted by the mainstream thus it is hard to use bitcoin as a currency. But slowly we can already see establishments that are accepting bitcoins. Later in the future Nakamoto's view will eventually be realized.

we are well aware of what is happening right now. what you say is true, and we really need the regulator to prevent the ico that is allegedly a scam or who tend to have no good opportunities and concepts. with his existing regulators maybe all new ico will be filtered out to participate to make evolution and innovation more sophisticated. moreover it will make a lot of scamer difficulties because regulator. bitcoin revolution is quite a big impact although the result there is a lot of new born crypto very unbeneficial even can be said only to make quick money. but behind it all there is always a new innovation born from various ico that has the concept, ideas and technology even though almost half the altcoin and ico that is not useful.

The way I see it is that all the people who understand the real value in Bitcoin are still focused on improving Bitcoin.  While most of the people who think the "value" is in how much fiat they can make have largely moved on to ICOs and are effectively spreading a finite pool of dev talent over an increasingly large number of altcoins.  This means that the largest body of active developers remains fully behind Bitcoin, because all the people who decide they don't want to work on Bitcoin can't agree on what they should work on together, so they all go off in different directions and do their own thing. 

Because of this, no other coin can match the impetus behind Bitcoin.  They simply don't have the labour force.  Just because some people lose their way, it doesn't slow us down.  All the speculation in the world isn't going to help these altcoins, because, if anything, going off and looking for the "next big thing" leaves you isolated when everyone else sticks with the "tried and tested" battle-hardened incumbent.  Only a tiny proportion of these upstarts will ever reach a stage where they might gain attention from merchants and other real-world use cases. 

As such, the Bitcoin revolution continues unimpeded.  Forget what the headlines say, it's still happening.

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Try getting their name right, it might help.  There's a J Poon if that's who you mean.  If you're emailing someone called P Noon, it's worth considering the possibility that might be why they aren't returning your emails.  And let's face it, if you're too dense to even figure out how to email someone, you probably shouldn't be trying to post in the Development & Technical Discussion boards.  You are the only joke here.

The revolution is an ongoing process that will continue to be a revolution till the moment we can say that fiat is no longer the main standard. On top of that, I don't believe that Satoshi is a mysterious individual or group. If we look at the date Bitcoin's white paper started to circulate, it could as well be an initiative by bankers not agreeing with how they are controlling and slowly ruining the economy and people's lives. It might be coincidence, or maybe not, but it is definitely interesting that around that time, we went through a massive financial crisis caused by banks. Bitcoin could very well be an answer to how banks have been messing up.

You can't tell people to not try to hang tight and jump into possible opportunity to earn money or to develop their project and provide valuable service or whatever else. What satoshi would think of the current situation is not relevant now. I mean I hear it all the time satoshies original idea was this and that, but we forget that this whole thing is decentralized and we don't care who thinks what, we care for what will majority of people go for.

ICO craze started like in 2016 as from then slowly people were lucnhing more of these and now we got till that point that there are many of them and you don't need most of the projects they are developing but it is all for the money. You can clearly see that this is how bubbles slowly forms as when people start to throw money around in hopes to get rich. Just look at the ICOs from last year, do you see their product - hear what has happened etc. many of them "failed" and more will this year. But this year I expect ICOs to raise a lot more money as well as more people get on board.

Thing is since the raise of bitcoin price more people are jumping in hopes to find/develop and earn big time. You can't blame people for seeing the opportunity and trying to make a buck. I understand your point to the degree that nowadays you don't care about being your own bank and principles of privacy etc. as long as you can make money.

People are gonna throw money at crypto and they are gonna do it even more if they believe they can buy lambo next week, sadly but this is how this whole thing is turning into. We are like going into online casinos (exchanges) and are gambling with our money to get rich quick. But I do hope that this period has to pass, at least more people are understanding and have knowledge that such thing exists.

first i dont believe that someoen called satoshi created all this revolution money and the price keep changing this doesnt mean bitcoin is useless or is a lie

Satoshi didn't create any "blockchain technology", he created Bitcoin. This is important to distinguish, because many people think that "blockchain technology" is a movement for decentralizing the whole economy and was inspired by Bitcoin, but in reality it mostly just cash grabs done by startups and big companies in order to get money from investors who throw money at everything crypto related because they hope to get crazy returns. And it has turned into a self-fulfilling prophecy, because no one judges coins nowdays based on their quality, people are just speculating and manipulating on volatile markets.

But you can't say that revolution has been lost, because Bitcoin is the revolution, and enthusiasts continue working on it, and community keeps growing, and people keep adopting, and there are even some decent projects that are not about grabbing money, like for example Monero. If you want to better understand what's going on in the crypto world, you have to spend more time learning about the technology so you can later for your own opinion about projects.

wrong
here is my reasoning.

bitcoins revolution side stepped in 2014 when a certain team deemed bitcoin to not be a 'electonic cash':satoshi's white paper. and instead a investment vessel (store of value)
this made bitcoin be treated no longer as an alternative to fiat. but as a get rich gimmick to increase fiat. thus killing the revolution

they intentially took out the tx fee policy and did not evolve the block size to cause a tx fee civil war which renderd it near impossible to be treated as a electronic cash. merchants stopped accepting bitcoin as a payment method for their products and services.

then the team went after not wanting bitcoin to be 'peer2peer':satoshi's white paper. and instead try to make the community believe the only evolution they would allow was a off chain accounting system involving the requirement of a co-signer(multisig LN channel) and middle men(hop-hub) routing

next instead of the community seeking out "consumer protection laws" they wanted advocates to seek out "regulation". these are 2 very very different things.
regulators charge a huge fee to allow a business to operate. but then require the business to self report on its customers..
consumer protection is an insurance and criminal action group that customers can report on bad businesses

by saying regulation is good is putting up a huge price tag for businesses to start up. but then letting them get away with murder, while the customers suffer.

this is where regulations actually cause there to be a need for ICO's because suddenly ethical businesses need to fund raise just to start up. rather than just sell a product or service.

many advocates from before 2014 gave up trying to get more merchant adoption because of the wrong path that this teams roadmap has taken the community, as they have seen their hard work of merchant adopting prior to 2014 being undone recently by those merchants stop accepting bitcoin.

so let me be clear
regulations - no!!. it does not help users or ethical businesses
consumer protection - yes!! it helps consumers and ethical businesses

as for the evolution of the network, onchain capacity of legacy transaction types need addressing. because the non-legacy address types are all going to become multisigned addresses with schnorr to disguise how many and who the co-signers are. so that people no longer control their own funds and dont know who will backstab them to take the funds away.

I'd disagree in having a lot of better cryptocurrencies. The main advantage bitcoin has it is far more decentralized than most and also has wide recognition. There might be technically better coins but overall I believe bitcoin is still the best. My point is the same for any cryptocurrency however, if it is not being used as a currency then eventually people will realize there's little or no utility and will stop holding it for investment purposes. There must be a balance between investors and users.

Yes, the transaction fees are too high indeed. The Bitcoin miners approved SegWit, but rejected the increasing block size 2x. The demand of making transactions is high, therefore the fees soared.

Anyway, I think that the price of BTC mostly depends on the trading tactics. The crypto exchange markets are manipulated by the large investors pumping or dumping the price of crypto currency.

It's needs a total re-write to compete and the lightning network is a big step in the wrong direction but the likes
of Mr P Noon who's project manager of LN won't even answer emails and the censorship we in the developer section
of this site receive is a total joke.

The democracy is not working, mafia gangsters and bankers have taken over Bitcoin and it was not "We" that
changed the rules without asking and pissed on loyal supporters was it now.

oh, and when I say "We" I am not talking about the slot machine players that came along about six months ago.

Don't blame everyone else, blame the miners here for the scam of pumping fees up to $55 and this has rubbed off
on all the other alt-coins.

That debt has yet to be paid, house cleaning is needed, bitcoin needs to be made an example off for any faith to return
to cryptocoins dealing with it's own scammers

As I already said in my previous post, you are a perfect example that people will choose new, better and cheaper coins.

We must do everything we can to improve Bitcoin to be able to compete with other new and better cryptocurrencies or to introduce other solutions that lead to lower costs and improved performance for Bitcoin network. But it must be done now because we start losing this race.

You make fun of Bitcoin and his blockchain calling him magical and fantastic caring 250 bytes for 55$, but do not forget that without it there wouldn't be all this blockchain movement and all these new promising technologies.

Never forget what Satoshi and his Bitcoin did for humanity. It deserves admiration in my opinion.

"Gold mine"?
More like the golden scam, when someone earns money someone has to lose this money, and who do you think that lose this money?
Usually people who are newcomers and it causes them to lose money, do you really want newcomers to think that the crypto industry is a scam and it's dangeorus to trade in?
I believe not, and that's what this ICOs are exactly doing.

None more so than Bitcoin if you care to take the red pill !

We don't need full blown centralization (YOU GOT THAT WITH LIGHTNING NETWORK) but a cluster of dare i say "Trusted Nodes"
is something that you have to accept if you want something to scale on the internet but the founding fathers here want people to
believe that it will send you blind if you beat the bishop, just sends you deaf it does 

The pink elephant in the room killed Bitcoin.

$55 Miner transaction fees

Now the FUD blames China, Putin and bad weather but who on earth can trust a currency
when it known to have cost $55 just to store 250 bytes of data on this thing they call the magical
block-chain and if it was such a fantastic thing then how come it's been dumped in the lightning network ?

You're right, but nowadays not everyone will want to use bitcoin, we have a lot of other and better cryptocurrencies.Without a quick change in the way we work on bitcoin, we simply lose the race with the better younger coins.

Bitcoin continues to use its advantage and a few happy coincidences that have influenced the rapid movement of the price but soon all these privileges will be taken away and slowly are. After that Bitcoin will start slowly losing this race.

I don't want cryptocurrencies or ICO to be regulated. I don't want this at all. But this would be just better for every human being if there will be some kind of regulation - protection for investors. This wild west must end.

Oh well, id say it sure did deviate from what satoshi has formulated it to be. Anonymousity and untraceability, well because of these features, the governments are doing its best to kill this. They said because of this, it can be used for crimes like terrorism.and money laundering. True that, however i believe that the real reason is because they wanted to tax all bitcoin earners.