Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
brg444
on 08/09/2015, 22:25:17 UTC
... and really some of the extent of your drama or exaggeration seems to be attempting to cause an effect rather than really talking about the real state of bitcoin today.

That's partially true and I'll be the first to admit it. I want the price to go down IF it leads to cause the core devs to implement a workable scale patch or else leads to some other group replacing them. I want bitcoin to succeed as an electronic peer to peer cash system as it was designed, not as some cloistered settlement network only used by the same assholes who run the current system. 

Fiat money is debt. It is lent into existence. That makes the entire global financial system a giant pyramid scheme. I don't have to wish for economic Armageddon to see one coming (or more likely a series of disasters  eventually having the same effect). I don't have to cause it or contribute to causing it. It's going to happen as a mathematical certainty.  If we don't find a way to escape the system, we will go down with it.   

A network capacity of seven transactions/sec is a life boat with very few seats.

All money is debt, bro

What do you know about Bitcoin anyway?

How's that supposed to work? How many "blockspace" do I get for 1 bitcoin?

Easy. 1/21,000,000th of the whole chain.  I answered your question, now you answer mine. If I'm not buying space on the blockchain when I'm buying bitcoin, what am I buying?