Quote from: mortified on February 03, 2015, 03:03:02 AM

There is a irreconcilable difference between you two. cypherdoc wants to profit from Bitcoin's wide adoption while tvbcof wants to profit from daytrading. cypherdoc believes in the long term sociological impact the Bitcoin experiment will have while tvbcof believes Bitcoin is doomed to the whims of the controlling powers and no more than a pyramid that will eventually collapse.
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Really? I've gone through exactly three periods of activity since 2011. Buying until the bottom, Getting my money back at 10x, and taking some profits at 100x. 'daytrading' is not at all my game. For folks who like it and are good at it, God bless.

I did play around on Bitcoinica out of boredom once. IIRC I about 10x'd my money in a few weeks trying to lose it. That was PURE shit-house luck. It was not worth the few hundred bucks to hand over my identity docs to an exchange in order to try to get USD so I just gave the proceeds to ~goat who used them for a party for some orphans in Thailand. So he said anyway.

--edit: Bitcoinica proceeded to 'lose' everyone's money not long after I drained my account. I had similar 'luck' at Mt. Gox. I took half the one-time 'pocket change' I had with Instawallet out like the day before they 'got hacked'. Happily they gave me the other half back. I guess I'm just lucky with these things. Mt. Gox still owes me a $5k wire. That's the one place I've been burnt so far. Perhaps fiat will take precidence over BTC when the dust from this event finally settles. Time will tell. Whatever the case it is such a tiny fraction of my activities I can easily write it off as a 'cost of doing business'. At least I didn't have to pay taxes on the $5k. Yet.

As for being doomed, I wouldn't be here if I thought that. The number of users even here on trolltalk who recognize the danger and futility of trying to make it some sort of universal exchange currency is one thing that I find encouraging. There is a fair chance that the 1MB blocksize won't even be attempted which would gives me hope. And of course, sidechains...

Quote from: mortified on February 03, 2015, 03:03:02 AM

I understand the attractiveness of parallel processing Bitcoin transactions through side chains, but they don't solve the bandwidth problem unless you use only one side chain exclusively. That issue has not been addressed.

...which give the masses the power of Bitcoin at it's core and a whole heap of bells and whistles which actually make it usable by them. Many of the additional capabilities will be mutually exclusive options so it would be logically impossible for native Bitcoin to fulfill these needs in any circumstance.