my willingness to buy ALL the bitcoin is no illusion!

And the sweet sound of shorters getting squeezed. It was inevitable. The only question was when.

It is indeed quite shocking how Bitcoin can be more stable than currencies with much larger money supplies or market caps in relation to other currencies. It could have an advantage because bitcoin isn't directly effected by any one central bank because it is international. This may start to change the conversation into one of if bitcoin can or cannot receive stability as a unit of account, but may eventually translate into one of the most stable unit of accounts of all currencies even before it becomes an accepted reserve currency.


The Brazilian real does have an 8% inflation and is indeed more volatile now than bitcoin.

http://vlab.stern.nyu.edu/en/analysis/VOL.USDBRL%3AFOREX-R.GARCH

The Decentralized Marketplace OpenBazaar Now “Open for Business”
so i think this is good time for pump bitcoin..?

more infrastructure support bitcoin, im sure bitcoin can survive

Interesting theory.

You made a nice little rhyme, but factually inaccurate...


Currently, ETH is in a bubble, and bitcoin is likely underpriced.... ... think about it....

1) 2010 to 2013 - several 10x and 100x periods - appreciating in price from pennies to $1160

2) $1160 in November 2013 (likely in a bubble at that time),

3)  downward correction for about a year - during 2014..

4) Held down for more than 8 months - from January 2015 to August 2015...  ...  

5) some upward action - likely  mini-bubble from August 2015 to early November 2015

6) extensive FUCDding spreading..... and attempts to bring BTC prices below $360 then $380 and $400.... ...

7) currently, upward price pressures, in part based on difficulties bringing price down in accordance with 6) above...


I wouldn't describe current BTC prices as a bubble - however, if BTC prices shoot up in the $3 to $5k territory in the coming months or even within a year, we may be able to describe that as a bubble, depending upon how quickly prices go up to such a level...  ..  There are other BTC bubble scenarios, as well; however, currently, seems far from a BTC bubble and more likely underpriced, given the fundamentals.. mining power and infrastructure and other ongoing developing network effects.

the 3k Wall on 440 on bitfinex is a good chance to get cheap coins.

Bitstamp is now fully licensed? Beginning trading BTC/EUR tomorrow too?

Don't think you will see the $500 that soon.
I believe this will take a few more weeks.
Maybe around the end of april or somewhere during june.

Even Coindesk has betrayed us: Top four stories about ETH



Remember how we used to be popular? Those were the days...

BTC >450 ETH > 20$ by monday.
AND THEN ether will "collapse" as BTC choo choos along.

you know its true so trade accordingly

hard to believe core has so much support...

To me it looks a bit like the west tries to keep the price below $500.
Will be interesting to see how this plays the next 24-48 hours.
Definitely one of the the most exciting weekends since a long time.
Popcorn!!

Yes, Google Translate and I do. Try it yourself

*an den

Mainstream press only really covers bitcoin if it crashes and burns/ dev fights/ etc....they otherwise ignore it when the price pumps..figuring some new drama or FUD will come along and drive the price down (hey they may be on to something) .....bitcoin the Mexican soap opera of crypto

Yes, but nothing ratches up price, so it is the driving factor, no?

I probably agree with this. I told someone to get in when it was at $600 on the way down. Luckily they didn't buy. But now it's passing $600 on the way up in a long term trend reversal so it's a bit safer.

Also, we are in a less speculative market than 2013. It's clear now that bitcoin isn't going to zero. (At least as clear as reasonably could be in the investment world). There was always general consensus that it would either go to zero or infinity since the coins were in limited supply. Looks like the latter to me.

 • We still have actual halving to come.

 • We also have a capacity jump from 2.3 TPS to 100,000 TPS.

 • We also have a whole pile of VC funded projects baking in the oven that are going to result in who-knows what massive advances in the viability of industrial use-cases for cryptocurrencies.

 • We also have Brexit, Grexit, Spexit and Frexit.

 • We also have gold bugs discovering that their "stack" is not tradeable in limited supply form and not limited supply in its tradeable form.

 • We also have Dollar collapse, Abenomics lapse, Debt limit gaps and Batwoman straps once Mrs Lagaarde slaps the Special Drawing Rights currency on the world economy as the mandatory international reserve.

 • Plenty of fundamentals floating around to cushion any big cash-outs I'd say  

It's on now.

As I wrote in 2013 The fifth growth spurt

I don't know, but the pound has had its second big crash in a week, and there are forecasts it could go down to $1.20. Bitcoin jumped up at the same time the pound crashed, and I doubt it's a coincidence. If the pound crashes further there could be further big jumps up for Bitcoin later this week.

And we're back to $666

 

It would be worse, think about it...

Simply increase the block size as that satoshi said,
or change everything about Bitcoin because some beardy said.

Segwit fucks the miners, (oh and the decentralised nodes) LN fucks the miners.
The fees market fucks the users.
RBF fucks the retailers.

Segwit will never happen.
The miners hold the hash power.
It is cores last few weeks of presuming to control Bitcoin, I suspect.

True, but segwit enables LN and other off chain solutions that bump all micro payments one layer up.

Where 2MB HF just buys short period of time until people start bitching about 4MB HF, then 8MB... how big should the blocks be to match PayPal? Visa?

Wish bigger, gonna go in the $500s again.

Bitcoin volatility down to 3%. GBP up to 2.65%.

The longer the price is stable, the bigger the jump. Last time it went under 1% the price almost doubled within a month.

Stability fuels the rocket!

Who's this "we"?    This could be a further sign of weakness in your argument, when you feel some kind of patronizing need to assert the royal we from time to time.

And, you are making up problems when there are no problems?  How long is it taking for transactions to go through?  Less than 2 hours, right?

yeah, you will not admit it, yet your non admission does not mean that there is supposedly a problem of transactions clogging up.

Same volume four times in a row. Interesting, even though we all know OKcoin can't be really taken as a price marker.

Don't forget, you saved €1 for a bank payment (iDeal). So you still made 78 cents of profit by spamming the Blockchain with this "coffee" transaction.  

EDIT: Now I think about it, perhaps the reason the "spam" doesn't stop is because it's profitable to do. E.g. to take out the spam shown above, the tx fee should rise to over $0.90.

It's reducing back downwards in size now. The mempool size won't alter the price, it's been far above 10MB before and the price stayed steady. We all know you only have to pay a higher fee for fast confirmations if the mempool is bigger than normal. The mempool's size doesn't frighten us.

A few weeks ago, Adam told me that he had been locked out of this forum in about mid-September because a hacker took over his account. 

Then in spite of my attempts to persuade him to get his account back, he said that he did not want to go through the efforts, at least that was his then thinking from a few weeks ago...

But you may know Adam.. he can be a bit spontaneous and even equivocal, from time to time...  .

"City banks plan to hoard bitcoins to help them pay cyber ransoms"
Experts say blue chip companies have decided it’s cheaper to deal with extortionists than risk damaging attacks


https://www.theguardian.com/technology/2016/oct/22/city-banks-plan-to-hoard-bitcoins-to-help-them-pay-cyber-ransoms

Intrinsic value!

We have only seen higher prices than today's for something like 10 weeks in bitcoins' entire history.

sweepay.ch

worth noting that there are currently around 800 btc atm worldwide. with this stunt the sbb adds another 1000 vending machines, that spit out btc.

Current bitcoin holders turning into the new wealthy elite?

This butthurt again? A high concentration of coins in few hands is a Good Thing. It makes the remaining more scarce, driving up price for everyone.

LETS PUMP THIS BTC SHIT WITH FIAT

Yeah, the first official trollpresident. I love it! :-D

Ah, come on, we should have a little bit of fun. Like: http://www.wsj.com/articles/markets-ricochet-as-clinton-trump-trade-lead-in-florida-1478654413 Stock Futures Plunge as Donald Trump Posts Strong Showing.
Fun!

Lovely dumps, but my bids are a bit lower, so please continue...

I believe in that chart, and here comes some questions and a small favor

1. The favor : Could you please edit the chart with time scale to see when we can hit $10K and $1MM ?

2. I believe in "History Does Not Repeat Itself, But It Rhymes", what makes you sure that we will hit $10K and $1MM ?

I believe in that chart, and here comes some questions and a small favor

1. The favor : Could you please edit the chart with time scale to see when we can hit $10K and $1MM ?

2. I believe in "History Does Not Repeat Itself, But It Rhymes", what makes you sure that we will hit $10K and $1MM ?

Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news!

" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."

http://np.reddit.com/r/Bitcoin/comments/5gcg98/will_there_be_no_capacity_improvements_for_the/darfdyg/

Anyone have a link to the google docs chart that circulated around in 2014 outlining a standard technology adoption curve and with bitcoins price mapped along side?

Are you late for buying Christmas gifts? I'll tell you what to do! Buy some bits 

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

Lost my faith in EW long ago... always traders trying their hardest to force wave counts to match history, never predictive of anything.

I love 4 digits.
Gentleman   

Just for clarification - what is a 'fake node'?


At least one of those recent BU nodes is mine. I opened up my node to inbound connections last week.


Doesn't appear that The SegWit Omnibus Changeset will ever amass the 95% block requirement for activation. What's plan B?

I sure wouldn't mind

Last week some of my friends invested in bitcoin too. We have so much fun at the moment.

$2017 street price* btc people on the street are buying!!! :-D

GOLD parity incoming ...


10 ....

Nah, I said the chart looked bearish and then Scamfinex turned off withdrawals, forcing all sellers to become buyers while also squeezing every short in existence, which artifically pumped the market higher.  Then people saw that rise and thought the cup and handle pattern was in play and just kept pumping it higher.  It was pretty much the perfect storm of Finex manipulation that was not based on any type of fundamentals or news or anything.  

It's much harder to repeat such pumps when the transaction fees are out of control though.  I imagined bitcoin growth would slow down tremendously once transaction fees got to around $2 and excess traffic would leave with Litecoin being the main beneficiary, so with current bitcoin fees spiking to the moon and some exchanges charging $7 transaction fees, that's what is happening.

I consider altcoins a scaling solution. Profoundly censorship-resistant transfers of value are a serious business; there will always be plenty of new tokens out there for micro-transactions and shameless speculation. Every Doge will have its day.

So...weekend lift or dump?

did any of you see whether that Bitstamp wall was eaten or pulled?

edit: definitely pulled. Volume confirms

Many distributed computing projects "mine at a loss" ... since forever. Cracking RSA, looking for aliens, folding proteins, cure for cancer, large mersenne prime numbers, golomb rulers, studying asteroids, climate predictions, detect earthquakes and a whole bunch of other math stuff.

They all "mine at a loss". Only bitcoin has been the first distributed computing project that has an economic incentive, yet early miners all mined "at a loss".

It is back up to $295 after the dip tho?

Is it just a coincidence that Bitcoin started rising when that was announced? It's up by $100 in the last 24 hours. Maybe the rise is just noise, or maybe that news is already affecting the market.

So I guess we should abandon the newer 2.0 thread and come back here? I'm good with that.  


This looks like it could be a very revolutionary thing:

https://saltlending.com/

Here you go young shekler, this episode of the r0ach report is dedicated to you:

The r0ach report 18: The great PoW lie

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie

2370, gentlemenz !

Strange USD funding wall on Bitfinex...$5.5 million at .03%.

Usually the funding is in the hundreds of thousands at most.

Not sure what it means, a lot of people can go long for a very low rate.

Nope, that's no panic selling yet.

Panic would mean -300$ in 1h.

Lookup the log charts and you witness REAL panic selling.

Crypto "market cap" means absolutely nothing.

I can certainly agree with the bolded sentence. And we don't know the level of support and consensus until the experiment is run. Fact is, in roughly coterminous timeframes, all Bitcoiners will be forced to choose between: Change A to Bitcoin; or Change B to Bitcoin. No option for Unchanged Bitcoin. So get off your high horse. If one is an alt before the fact, then so is the other.

Cheers!

Bigger blocks on a second later will be pretty sweet.

yup, lots of good news, so final chance of selling manipulation for buying 'cheap coin'

http://www.nasdaq.com/article/ledgerx-gets-us-approval-for-derivatives-on-digital-currencies-20170724-01338

I'm talking about future space mining, what the effect will have on the price later on, not metals vs Bitcoin.

I appreciate youre explanation. btw i liked youre jew gifs
-----------------------------------------------------------------------------------------------------------------------------------------------------------------

Ayway...those bigblockers are all beeing played by Roger and Jihan.

They're like rats leaving there sinking ship to another sinking ship.

They shit on Bitcoin while XT was the best thing ever..

They shit on Bitcoin while Classic was the best thing ever..

They shit on Bitcoin while BU was the best thing ever..

They shit on Bitcoin while NChain was the greatest thing ever..

Few weeks ago Bitcoin ABC was the greatest thing ever while shitting on Bitcoin..

Now those noobs shitting on Bitcoin while Bitcoin Cash is the greatest thing ever..

As for economics, you are the (anonymint's favorite word) myopic user of the century.  Debt based currencies require infinite growth to not collapse because the interest due is always higher than the principal.  Since demographics have peaked in every nation that matters and energy output has also peaked while EROI is simultaneously collapsing, this means growth is over and all debt based currency is doomed to implode.  The system will be forced to move to a non-debt based currency whether it's issuing debt free paper like the greenback or changing back to metals.  Regardless of what happens, the dollar dies and metals skyrocket in the process.

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Wrong.

Sometimes, I state facts, and sometimes, I render opinions. I try not to exaggerate, I don't make up facts, and I try to keep my conclusions rational. When challenged, I produce rationale for my statements. Sometimes, I even get things wrong, but I always try to be truthful.

You, OTOH, tend to repeat dogma as if it were settled truth, and avoid providing any basis for your utterances.

Issue in a nutshell:
- On a network where miners do not honor SegWit, all segwit transactions are 'anyone can spend' transactions
- On such a network, each successful miner can spend any 'anyone can spend' transaction to himself
- As segwit is used (e.g., on a segwit-honoring network), more value gets locked up in segwit/'anyone can spend' transactions
- As more value is built up in segwit/'anyone can spend' transactions, this increases the incentive for miners to flip the network from segwit-honoring to non-segwit
- This pressure increases with increasing use of segwit. Even if initially stable, the system tends further toward instability.
The net is that smallblockers need to trust the miners -- whom they seem to already believe to be evil -- to not steal their segwit transactions.

Of course, one can convert a segwit coin back to a bitcoin by spending it to yourself in a non-segwit transaction. But that also mandates a second transaction, thereby nullifying and even reversing segwit's so-called capacity increase.

When I say you are ignoring observable reality this is what the beauty of an internationally constructed price is.  Gold is not a reliable store of value anymore.  You are pointing at history and ignoring its decline over the last 5 years.

It's been getting smashed: http://goldprice.org/

That is nonsense.  I can make all kinds of factual statements, and then there is no consequence unless you can describe some kind of logical connection.

For example:

1) The sky is clear (meaning no clouds) today

2) Billy bob drives a Toyota Prius

3) That window is dangerous because it slams down without any restraints

4) The goat eats a lot of grass, especially for its size.

5) The Iphone will be damaged if you drop it in the toilet, because it is an Iphone 4

6) If any one of those lightbulbs burn out, then the whole chain does not work,

7) e = mc squared


No matter the string of facts, the jbreher Conclusion is:  Segwit is going to be a disaster for bitcoin because it is too complicated, and even though segwit is a done deal, I am going to continue to whine about it and assert that we should employ a more simple and straight forward solution of increasing to 2mb block limits.  

I'm actually surprised by how high BCH is, why would accumulators buy futures at this level?

https://coinmarketcap.com/currencies/bitcoin-cash/

Jumped up 50%?

BTW, as bitcoin is forked now 1 bitcoin is sort of worth $3,100 now right? for us of those that were in on the fork that is

im looking for anyone here who thinks they can hold a candle to me in regard to the macro economic implications of bitcoin

Big blockers blame small blockers for the fork; small blockers blame big blockers.  I think a split was inevitable given the two distinct visions for Bitcoin's future.

Regarding destabilizing mining, I think what this means is that in the medium term, only one chain will survive (at least with any real value).  The miners will eventually see their incentive to kill off one of the chains. 

The question is which one. 

what this one? https://www.reddit.com/r/btc/comments/6rqvdg/announcing_bcash_a_new_cryptocurrency_with_zcash/

anyway, no. whichever new coin comes along, worrying is verboten, bitcoin can absorb all these.

call it 'yet another new shitcoin'

Yes, it did right after ACTIVATION. We are talking about lock-in here.

Other conferences with fewer scammers are available

just that these people make my skin crawl. fear i'd end up hitting them, get myself arrested in country, and Chinese gulags are full of cockroaches

I feel like selling when everybody is ultra-bullish after an huge pump, and yet there is still a lot of way to go:

https://twitter.com/sharkybit/status/897088990301618176

I would like to thank everyone for getting in nice and high before the short down to test the trend lines:

Target price 1 BTC = $9840... The Silver Eagle monster box:

500-Coin Silver American Eagle Monster Box (Sealed) / Any Qty: $9,840.00

Bitcoin is going to ~4mb per block (indirect max capacity since the data are stored in a 1+3 manner) once Segwit activates, plus LN on top of that. It's not like 8 vs 1. It's 8 vs 4(+LN).

Ethereum was made after BTC. It has fast blocks (issued in seconds). Their devs know about scaling issues, etc etc, yet their network is literally stuck when an ICO happens. Exchanges are shutting down ETH transactions (!) due to load. What's their proposed solution? Bigger blocks? No, they have accumulated too much bloat and it didn't even solve anything, so LN-type extensions it is ("Plasma") to help with computational and storage scaling.

goddamned useless BCH - these fuckers will attempt anything to destroy bitcoin.

- core nodes will not recognise segwit2x blocks, so these will not be added to the core chain. At the same time 2x has no replay protection, so transactions that occur on the 2x chain can be mirrored on the core chain. It's going to be a shitshow , in my personal opinion.

Segwit is enabled but we will also need the Lightning network
https://lightning.network/

Jeebus, that's infantile.

Instead of pooling money to tear down Bitman, why don't you pool your money to outcompete them? Add to Bitcoin's security, rather than destroy it.

Are they not supported economically?
Please answer me what does this mean?

95% of the power of the hash is pointing to segwit2x
Source: https://coin.dance/blocks

46 companies in the bitcoin ecosystem, including some of the most relevant, have indicated their support for segwit2x:
AirBitz   
Armory
Electrum
Exodus   
Gemini   
Lamassu   
Ledger   
1Hash   
Abra   
AntPool   
Bcoin   
BitClub   
Bitcoin.com (Saint Bitts LLC)   
Bitfury   
Bitmain   
BitmainWarranty   
Bitpay   
BitPesa   
Bitso   
Blockchain Luxembourg S.A.   
Bloq   
Breadwallet   
BTC.com   
btc.top   
BTCC   
BTCPOP   
Bustabit   
BW   
BX.in.th   
Canoe   
Coinbase   
Coins.ph   
Digital Currency Group   
HitBTC   
Magnr   
OB1   
OKCoin   
Prohashing   
PTYcoin   
Purse   
ripio   
SFOX   
Shapeshift.io   
Vaultoro   
ViaBTC   
Xapo
Source: https://coin.dance/poli




PD: continue ignoring anyone who disagrees with you, and soon you will not have anyone to talk to  

That poll hardly says anything about segwit2x, except that the responders to the poll are divided.. .. and if the ultimate deciders are divided, then likely segwit2x will not go through because in order to go through it is going to need overwhelming consensus rather than some random divided group about some vague topic about what the fuck iit is that they are supposedly supporting, exactly.

Are you fucking nuts?  It is not "exactly same as with SW".


Come out from under the bridge, hv_.  Segwit is already a done deal.  Where have you been?  Segwit was locked in, and then it was activated.  Hello?  The same is not true about 2x blah blah blah...

The segwit ship has sailed, are you going to jump on board or live in the past in some kind of fantasy world, acting as if it still is an issue... done deal = segwit.  Are you with me?  You understand?





You seem to be referring to the past..... We are beyond that.  We are now in segwitlandia. Have you heard of segwitlandia?  That is where we are at.

On the other hand, sure there is an ongoing proposal about whether bitcoin should hardfork in a segwit2x hardfork.. that portion is not accomplished but merely a proposal and discussion point that seems to be a long way from consensus.  Segwit, on the other hand, has ALREADY ACHIEVED CONSENSUS.  That is correct!!!!!

Anyhow, I am not disagreeing about folks talking about 2x and wanting to get 2x; however, i am asserting that at this time, it appears that 2x does not have a very high level of consensus and is is not likely to be passed under the current bitcoin ruleset which requires a high level of consensus to get locked in and thereafter activated.

Strange that you are accusing me of spreading nonsense, when you cannot come around to basic logical conclusions that segwit is now activated, and so you are fighting against something that is already done.  Does that make any sense?  We are not going to agree because you seem to be lacking in some basic knowledge, so if you cannot even get some of the basics correct, then why should we pursue arguments to higher levels?  You keep coming into various threads and spreading these kinds of misleading comments, then shouldn't people correct your basic lack of factual foundations - that is if your posts are not getting deleted for their misinformation.

We don't need more text

Guys,

Does anyone have any idea why it is falling without parachute?

But why would china be panic selling if it was only ICOs?

Bitmain seeing the light?

Almost.

You're welcome. I don't really push it onto people who aren't looking for trading software, or at least try not to.

---

JP Morgan has been buying Bitcoin ever since Dimon declared it a fraud.



Source tweet: https://twitter.com/IamNomad/status/908831764457672709

Now back to $3800. Actually this isn't just the right time for next pump, bitcoin is going to take time for recovery.

We'll be seeing new highs in January, 2018, and not before that.

we just broke the longer log scale resistance line

B2X. You can name it whatever you like. Doesn't matter! There will be hundreds of Bitcoin forks in future and all they'll give you free money drops. Take them and convert into bitcoins!

Well whoever has that premine should be hucking money at it.  

I'll wait.

Gentlemen Gentlemen Mother Fuckers


This is Choo Choo.

Well sheeit.

Hello again there, $7,000 USD/BTC. Thank you kindly for coming back to visit so soon.

If you could please get $8,000 USD/BTC on the phone, that would be great.

uh... Bitcoin Cash is not Bitcoin. It had replay protection so it is it's own chain or coin now, but still an alt. It's like CLAMs.. an alt that gave everyone who held BTC, LTC and DOGE some CLAM. So BCH gave everyone who held BTC some BCH.

Bitcoin.com is not Bitcoin.org.

I'm disheartened that many people will unnecessarily risk money when the don't have to.  If you don't have inside information, hold both coins and let the whales battle it out.

I say this because I'm passionate about bitcoin and passionate about growing it into better money that all of the people of the world can use.  In fact, in partnership with the University of British Columbia and Bitcoin Unlimited, we have a global testnet where we're propagating gigabyte blocks on consumer-grade hardware.  But you wouldn't hear about that because it is censored from Reddit and censored from here as well. 



If people are interested in the truth of how hugely scalable Bitcoin actually is, here's the video from Scaling Bitcoin Stanford where Andrew and I present our research. 

https://www.youtube.com/watch?time_continue=3990&v=LDF8bOEqXt4

Click soon because Lauda will remove this post shortly, as it is hurtful to Blockstream's business model. 

BCH was dead until Segwit2X died...now it's a thing again.

Until January when Coinbase releases peoples' BCH to the millions of users that like free money.

Bitcoin is broken due to high fees and unreliable confirmation times.  


- I want to help bank the billions of unbanked across the world.

- I want a low-friction form of money that people in Venezuela or the next Zimbabwe can use to escape hyperinflation.

- I want a border-less form of money that the people or Argentina can use to bypass capital controls.

- I want a transportable form of money that I can pay to a programmer in India for work on the Bitcoin Unlimited website, thereby helping bring disenfranchised groups across the world out of poverty.  

- I want bitcoin to be so massively adopted that it becomes politically impossible to shut down, ending governments ability to raise money for war and other atrocities with the stealth-tax of inflation.


You cannot achieve those goals with a crippled bitcoin limited to 3 transactions per second (and no, LN is no panacea either, but that's another discussion).  

And then you call me evil for working to bring bitcoin back to its original vision as better money that would improve the lives of people all across the world.

Give you head a shake, Ibian.

Just no. You couldn't be further from the truth. Not only am I not trying to destroy bitcoin, I am trying to save it. Hell, I am not even trying to destroy Bitcoin Segwit. Such a postulate would be ludicrous, as I hold more BTC than I could possibly make through 'normal' means such as my salary -- and I am within the USA 6%* top in that regard -- if I worked for the rest of my life.

*https://en.wikipedia.org/wiki/Household_income_in_the_United_States#Distribution_of_household_income_in_2014_according_to_US_Census_data

It is true that in my analysis, I find Bitcoin Cash to be superior to Bitcoin Segwit. For everyone. Except maybe those who have invested their reputation in core. And my statements are largely positive on BCH. But the only negative statements I make on BTC, are in relation to the manners in which it is lacking compared to BCH. And always truthful - at least to the best of my knowledge.

ATH ??

 

Noooo, BCash doesn't have a CEO, it was all just a joke you guys...



Lol

Light Pollution in the U.S. alone: 120 terawatt-hours/year

Bitcoin Network: 29.05 terrawatt-hours/year (Confirmation? Some articles cite 11 Twh/yr ?)

CERN Hadron Collider:  1.3 terrawatt-hours/year

Yeah, let's get the global light pollution levels solved first before we start considering Bitcoin energy consumption a problem...

10k today?

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

Who the hell wants the excitement in their life to be provided by their money? Certainly not me. Money should Just Plain Work.

Recentralization due to size has nothing to do with the original decentralization vision.

had to lol this
But seriously, wtf is going on with ripple, It seems like it is all new capital coming in

Happy New Year from New Zealand!
I can tell you 2018 is going to be amazing!

I am off for some more fun. Wishing everyone a great year.

Coinbase, Bitpay are the biggest generators of transactions and both have given weak reasons why they haven't upgraded. Perhaps the failure 2X has weighed on that decision - sour grapes.

The numbers of unconfirmed transactions is only a problem if you want to do small transactions. A task that will be performed by the LN network in the future, patience is needed, really what is the pressing rush to buy your coffee with Bitcoin, it can wait a few more years/months to ensure we get it right.

This is just another attack on bitcoin. And this will certainly not be the last that bitcoin will have to overcome. Bcash already failed in impersonating the bitcoin brand however Ver is still trying on Twitter. Now ripple is giving bitcoin a run for its money. And if the institutional banks are really behind this all and this turns out to be a coordinated attack, than I have to give props to them because using the greed of these crypto virgins is brilliant. It's all fun and games when they're in the green but if things go red...

Bitcoin Unlimited actually has no paid staff (although this may soon change).  Many of our developers are paid for their work, but they are paid by other bitcoin advocacy groups and not by BU.  I've received offers from other groups to pay me for what I do, but I've always declined.  Bitcoin has rewarded me financially more than I could have ever hoped.  I want now to help Bitcoin continue to grow so that more people can benefit from Bitcoin.

https://twitter.com/theonevortex/status/961684184862400512

The Bcash Infowars phone in didn't go too good according to this.

wow nice! I'll try a tx without fees.  

https://blockchain.info/unconfirmed-transactions

good old days!

There are over 250 million alt coins out there. If the average of each is $1 then they will have 65% of the crypto market cap.

I started thinking that maybe there would be a limit on alt coins at some point to one per person then I started thinking that maybe people will start creating alt coins for their pets too.

Oh look. THere's a 200 coin ask wall being eaten on Stamp.

Isn't wall observation fun?

Yep. I simply do not agree that Bitcoin Cash is centralized any more than Bitcoin Segwit in any meaningful way. I realize that there is an oft-repeated narrative that Ver and Wu have made every significant decision in regards to Bitcoin Cash, but this view is utterly ignorant bullshit. And if all y'all would venture outside of this echo chamber of a walled garden, you'd likely realize that latter point as being the truth of the matter

if they cannot stop lightning, lightning will stop them. we can expect some bitter fighting. they have funds, they have paid troll armies, they are desperate and they are fucked. unfortunately they haven't realized the last part.

Some seem to think that they slapped the bogeyman Coinbase into shape -- they are now batching the outputs for multiple parties into single transactions.

Segwit tx's in general count for some small portion.

OTOH, the majority could be a simple reduction in demand.

By what metric? Not interested in having that debate, but it needs to be backed up by something.

Regardless of that, if the tech were reversed we would be talking about how they overly complicated things. Humans feel first and then rationalize. Especially in this sort of tribal spat.

19% Bcash nodes lost after the HF...lol

Now all the Germans get depressed. Expect a serious dump... . 

The gaussian adoption curve.



We've a ways to go...

what are you talking about? the current bitcoin transaction fees are about $0.15.

edit: typos

Glucose free
Vegan safe
Low in sugar

Many of us doing on-chain bitcoin transactions in late 2017 until about January 2018, recall how the BTC transaction fees went skyrocketing up - actually, there were several times in 2017 in which BTC transaction fees went skyrocketing up.  Coupled with fees going up tended to be longer BTC transaction times.

Large fees and longer transaction times was a narrative that the BIG BLOCKER nutjobs wanted to push, and also the alt coin pumpers had some incentives to propagate such narrative to pump their shit by suggesting that BTC is broken or inadequate and that other Bitcoin 2.0 systems (aka alt coins) would be the solution for such problem.

The most reasonable inferences from the evidence remains that spam attacks were occurring on the BTC network to attempt to provide evidence for the made-up bullshit narrative, and even though it remains a bit unclear regarding the culprit of the spam attacks, largely it is attributed to folks like bitmain, Roger Ver and coinbase, even though there were likely some others that were contributing to acts and practices that added to the clogging up effects of the spam attack of the bitcoin network.

By the end of January or so, it became more apparent that the cost of the ongoing spam attack and even the actual ongoing effects of such spam attack were becoming greater than the benefits of keeping such spam attack going.  Yeah, there was a bit of a risky (but seemingly justified) move from bitcoin node to expedite the live activation of lightning network - which would then more quickly negate some of these projects attempt to maintain their claims about BTC's alleged high transaction fees and slow transaction times. 

So, yeah, ever since the end of January the spam attacks largely stopped and any further attempt to reinitiate such spam attacks have not been effective which brought BTC fees and transaction times way down into relatively low ranges, which can cause some concerns regarding whether if such low fees were to persist, then are there enough mining incentives built in... but that sustainability (and incentives) of low fees  scenario remains largely offset by relatively lucrative mining rewards that will continue to be decent for a few more halvenings.. so perhaps the fees could stay relatively low for 10 or 20 more years, but likely as BTC adoption increases, fees are likely to naturally go up, too... and yeah, it does seem to become more and more expensive to engage in bitcoin spam attacks, but likely those spam attack times are not behind us - even though they might have to be more strategically employed as compared to the 2017 to January 2018 period that they were employed for months at a time (December 2017 to January 2018 was about a two month long attack).

Bcashers are gluten-free. I could eat one for breakfast and feel nothing.

WTF does a pull request have to do with:

---

Are you readers so fucking deluded that you cannot see I have linked to the real Bitcoin which is version 0.5.4 of Satoshi’s protocol and I have stated now for the 6th time in this thread that I do not advocate big blocks nor any scammers who attempt to change (the game theory of) Satoshi's protocol and pretend it is real Bitcoin. That includes all the scammers, such as Roger Ver, Core, etc..

Altcoins are fractional reserves of real Bitcoin. Remember Gresham’s law. Altcoins will circulate, real Bitcoin will not.

---

For the last time, the link for the detailed discussion is here. Those who care about not losing their real Bitcoin will expend the effort to read. Those who don’t, won’t. And that is the way it should be.

SegWit is a soft fork. All miners have continued mining 0.5.4 (at least until a Satoshi miner will take some SegWit donations then we will see which miners mine which hardfork as Core will be forced to hardfork off at that juncture). Read the detailed discussion to become informed. I will not spam this thread by recapitulating all those details in this thread.

May I STFU now without being incorrectly maligned?

This detracts from your previous post, which was not bad, considering.

How do we prove intent? Are we mind readers? It’s much easier to conclude fraud that did not have complete disclosure of the material facts is a scam. That is how the SEC defines it.

Do we see Core disclosing these material facts? Nope.

Do we see Bcash disclosing these material facts? No. Instead they try to pretend (by not disclosing otherwise) that the legacy chain is dead and Bcash is the descendant of the legacy protocol, but with bigger blocks. The even have the audacity to use the Bitcoin name. But Core is more scammy by even claiming they are Bitcoin.

Everyone is trying to steal Bitcoin’s network effect. But they will all fail, because Satoshi designed an immune system, Nash equilibrium into the immutable real Bitcoin protocol. Note the game theory is what is immutable. Apparently P2PKH did not change the game theory and thus is allowed into the immutable protocol.

They’re pitching the PPA. Marketing. As well we saw this forum pushing Core updates prominently reminding users to update to the latest scamware. Because Core had hijacked the forum and deluded Theymos. But maybe by now he has come to his senses.

You’re attempting (but failing to) use the tactics that the liar Gregory Maxwell used on this forums when he used to have the reigns. He would try to embarrass someone and twist technological arguments to assert that Core was of superior knowledge and capabilities. Lol. Superior at adding trojan horse scamware cruft.

I'm copacetic that you will not be replying since I am on your Ignore list.


You don’t care about disclosure when scammers try to convince n00bs to lose their real Bitcoin?

Do you want Bitcoin to be a political clusterfuck scamware or a reserve currency with a secure Nash equilibrium.


I dare you to hodl non-legacy Core addresses to prove how incorrect you are. Are you willing to stand your ground and risk your entire wealth?

Come on don't be a chickenshit. If you can dish it out, then you can walk your talk.

I’m not going to recapitulate the economics 101 lesson for you. I already provided the link to that discussion, but I think you will not get it anyway even if you read it.

The only religion going on here, is the belief that democracy, users, and transaction volume scalability matters for Bitcoin’s exclusive role as the coming world reserve currency.

Btw, I was forced to use that fucking piece-of-shit Bitcoin.com BCH wallet recently because I needed to spend some cryptocurrency to some websites that only accept Bitpay (if paying anonymously) and Bitpay has that new fucking address system that is supposed to protect n00bs and forces one to use a non-standard wallet. And that was the only one of the wallet shit I could quickly install on my smartphone to complete a fucking payment. Should not be so damn hard. Most people would give up right there. Then the wallet itself does not function properly. Only with trial and error did I figure out how to work around the bugs in the wallet. How can Roger Ver release such shit. Can’t he afford a decent programmer.


Incorrect. There can only be one chain with 100% security because it has the most hashrate.

Moreover, there can only be one reserve unit-of-account because Economics 101. The Schelling point is towards the one with the greatest security. Because (and I repeat myself) the wealthy need most is to not lose their wealth.

Due to Gresham’s law, the reserve currency will not circulate (and no the circulating dollar is not the world reserve currency, rather it is US Treasury bonds denominated in dollars). Thus all the circulating altcoins are fractional reserves of the real Bitcoin unit-of-account reserve currency.


That’s not competition. They have no chance in hell against real Bitcoin because they’re bankrupt, clusterfucked, and Bitcoin has jurisdictional arbitrage. It’s easy. We don’t have to do a damn thing. Just sit back and watch the politically clusterfucked world be disintermediated by real Bitcoin.

Those who want to build some business (e.g. my shitcoin work) in this ecosystem can go right ahead if they have sufficient economic motivation to do so.

Once again you have gotten your facts 100% opposite of what they are in reality.  It's ORDERS OF MAGNITUDE more cost effective to create and run a police state in cyberspace than in the physical world.  So, no, metals are not at risk because nobody can afford to create a police state monitoring what everyone does in the physical plane, but they can easily do so for the digital one.  You're using the govt's own infrastructure in the first place.  Please do not try to pass off such statements that are laughable at face value as facts.  

Shitcoins are the ones at risk due to having no valid Schelling point and ease of govt clamp down, not metals.  If the govt attempts to outlaw silver and gold, they do not cease to exist.  They still exist and have value.  Since shitcoins have no intrinsic use or value, a govt clampdown destroys them.  They're completely worthless.  And yes, Kaczynski was right no matter how much you attempt to pretend he was not.  The most oppresive forms of tyranny will manifest from the digital plane, not the physical one, due to the cheaper cost and ease of creating and running those systems as I mentioned above.

Only a complete fool would embrace these digital slave systems over sound money - physical silver and gold.

$3000 is the new $99. Everyone and their grandmother expects us to go there.

I don't. So there.

age poll ?? whats the reason?

Bullish!

Stupid analogy is stupid.

If you want a transportation analogy, a closer analog would be passenger demand for a certain train route exceeding capacity solved by adding more passenger cars to the train.

Still a stupid analogy, but an order of magnitude closer to the situation at hand.

They said Bitcoin is a bubble:

Like I value your opinion

Do you have a BIP?  Or are you merely suggesting that folks here migrate over to bcash, since bcash is surely superior to bitcoin with its segwit and lightning network and other second layer scaling, right?

Get the fuck out of here with your assertion that segwit and lightning are complex, or too complex and that the purported complexity of these will be a meaningful hinderance for bitcoin.  You are speculating without fact, and some kind of nice talking point that is NOT justified in reality (but it sure sounds nice, right?)

And good luck with your KISS on bcash.... scaling has been playing out well on bcash, right?  No traffic and so there is plenty of room for expansion... you guys are doing very well.. it's gonna be lovely.. you, Roger, Craig, jbreher, Jihan and PeterR... one bigblocker happy and quasi centralized family.

I agree completely. I mean look at computers, the internet, and automobiles. They're so complex that they'll never take off.

That's why we're still using the abacus, 2 tin cans on a string, and horses with carriages. KISS is king.

I heard that instead of 0 confirmation transactions, they'll have negative conf. Their wallet AI will anticipate and confirm future transactions before you even send them. And instead of double spend attacks, you'll be able to do quadruple spend.

It's the original vision, yo!

You are just making up shit.  Surely sounds like a great analogy, but please snap back into reality for a while, no?

how many people here understand this unix/linux joke?

Nope.  You know better, and you are trying to reframe history, HV, because if you recall 100% of the miners adopted segwit and changed their signaling towards such adoption in about mid-to-late July 2017.. ... remember?  

It became a lovely transformative scene (and even somewhat surprising) and a fairly rapid transition that was successful each step of the about month-long process that occurred after the signaling had changed towards segwit and through August.  Recall that subsequently, in mid August, there was a locking in and then in late august activation onto the network.  This was accomplished with damned close to 100% of then miner support.. remember?

Maybe they had a change of heart afterwards or whatever, but they could just as well fuck off, or form their own coin or support some other project...

In the mean time we have segwit that has been adopted, and it seems that it would be a hell-of-a difficult process to achieve consensus to unadopt it, so why the fuck are you anti-segwit jihan dick sucking trolls continuing to attempt to get community support against segwit when it seems like  a nearly impossible task?  Why don't you just go support your bcash coin, and conquer the word with that no-segwit and onblock scaling coin?  Oh because no one is using it?  Oh, because you cannot seem to increase any of the networking effects or to steal them from bitcoin?   Pobrecitos.  Feel bad for you........


NOT.      

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

Just when you thought the Bitmain IPO couldn’t get any worse. 


https://medium.com/@btcWolves/a-bch-update-bitmain-bch-the-ipo-what-it-all-actually-means-354220b86ac3

Wow I just checked his tweeter feed for the first time.
His tweets should be kept in colleges' databases as examples of how propaganda works, we should help the new generations become immune to that!

I don't understand this blocking feature on twitter. How is blocking users supposed to work on a public profile? Blocked users still can read posts anonymous.
Stupid social medias.

RE: Odds - crashes from parabolic crashes tend to overshoot 0.786 fib correction (check Nasdaq, Shanghai, Dot com crashes).

No selling yet since I'm still not done buying. I'm ready to buy higher too if Bitcoin breaks out of 200day moving average which is around $7,900 now.




It's called scaling-in

It doesn't seem to have anything to do with the ETFs. This is for the Swedish ETN.

https://www.zerohedge.com/news/2018-09-09/sec-orders-temporary-halt-swedish-bitcoin-ether-etns-citi-launches-game-changing

Meanwhile, Citi is launching an instrument called a "Digital Asset Receipt". Who needs an ETF?

There is no victory for this shitchain, if they try to destroy Bitcoin they will destroy themselves.

People that believe in TA are stupid. They deserve their fate of being milked and slaughtered.

allways be aware for the side road "dead endings" stay on the main road.

Tony Vays and Craigy Wright
https://youtu.be/ACEUOCoVvmw
OnTheRecord - Craig S Wright (CSW) on Bitcoin Cash Drama!

45 seconds too slow, damn

Is the December figure an estimate or only for the first five days?

Hows your Bcash doing?

His tears are recorded on the blockchain with Everytime he wipes his ass as well.

EVERYTHING MUST BE ONCHAIN!

And why would micro transactions or small transactions deserve a permanent record on nodes across the world?

Price isn't what I mean, why would we want a 10 cent video tip recorded for the lifetime or the coin? Why is this something that shouldn't be seen in a settlement?

I'm not asking about any client caring I'm asking why we want to hoard tons of unnecessary transactions on a blockchain? We could put them as settlements that's and have nano fees just as lightning network has shown. It's not for recording things that require a true blockchain transaction, that's what paying a standard fee is for. What the fuck do you guys expect to do when the mining runs out on your dreamcoin? Have a network that mines off stupid low fee and have nodes store petabytes of data for fun?

Is that you rOach?

Since most of you don't have sufficient intelligence to branch predict the only possible way certain crypto systems can evolve, here is your trojan horse, permissioned ledger Lightning Network:

*sigh* Layer 2 is really not optional.  It's going to be where all the whizbang functionality lives.  BCH SV will suffer from the same fate Ethereum is currently... that is if it even gets off the ground after the artificial support ends.

This is so obvious it hurts me to post it.

NOBODY IS KICKING LAYER ONE.  WE ARE GIVING PEOPLE THE FREEDOM TO DO AS THEY PLEASE.  THE BANKS ARE COMING WHETHER WE LIKE IT OR NOT.  LET'S KEEP THEM AWAY FROM TRASHING UP LAYER ONE.

Ahem...  sorry... but I feel I am entitled from time to time.

Also people can keep using layer one.  The blocksize on layer one will increase over time. 

But this is the conservative approach, and is wiser.   

Tim Draper has apparently never heard of Gresham's Law.  Not that I'm claiming bitcoin is "good money", it's just in a comparison of inflationary vs deflationary widgets, people are going to spend the inflationary ones instead.  This means bitcoin is not really a competitor of inflationary fiat - the typical currency of Starbucks.  The only real use case would then be trying to compete in the settlement and store of value arena - things typically with low transaction flow, and physical metals slaughters shitcoins at that task.

On point



https://twitter.com/federicotenga/status/1078210864472309760?s=21

one coin to rule them all huh? What about things we don't want on the mainnet? Like all the smart contracts and tokens?

^Yes, we all know people who claim bitcoin is *guaranteed* to go to "$100k and beyond" are not scammers at all.  Meanwhile, people that probably own more shitcoins than anyone in this thread don't even believe in it at all lol:

The Bank Of England And The Manipulation Of Sterling



Looks like a scam to me.

Instead of Chartbuddy bumping it every hour, is engaging It the new sign of thread deadness?

It's just as mechanical and uncreative.

LOL at Roger Ver:

CFSW sued a crypto-enthusiast under the name Hodlonaut.  He accuses him of libel and spreading false information.

Bitcoin SV the emperors new clothes?  

via Imgflip Meme Generator

https://twitter.com/redditbtc/status/1121911401273020418?s=21

Bcashers   

That seems to be a decent article, hv_ - except to the extent that there are implications that bcash sv is some variation of bitcoin, merely because that bcash variant strives to confuse people into some kind of belief that it is a bitcoin variant...

Otherwise, the discussion of reorgs does touch upon some decent points.

Lightning incentivizes everyone to only have one channel open with a bank which then routes all of their transactions.  HOW THE FUCK IS THAT GOOD?  WHY would anyone advocate for that garbage over physical metals? Oh yea, I forgot, you're all con artist scammers who only care about trying to profit off pump and dumps even though you could just as easily make as much or more money in metals while not promoting (((digital currency))) slavery and surveillance systems.

Craig Wright Dubs Binance a ‘Money-Laundering Bucketshop’, Calls John McAfee a Conman

https://www.ccn.com/craig-wright-binance-bucketshop-john-mcafee-a-conman

https://youtu.be/8_SoIXUBIhw

"You have things like CZ (Changpeng Zhao, Binance CEO) there and Binance which is super bucket shop which are basically money laundering organizations. They wash trades and money laundering. That’s how they make money."

Urinal anarchists.



https://twitter.com/thecryptomonk/status/1130979984888258561

are you the other brother?

LOL did not read. BCH is the other brother. we will see.