Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The logarithmic uptrend is broken on the five year chart. If you wanna zoom out, zoom out motherfucker. It's the scalability problem. It's gotta get a lot worse before it gets better (IF it gets better) because some people are so stupid, they require an extreme amount of pain before they learn anything.
You're not trading efficiency for censorship resistance. Majority mining power is concentrated in one country with a totalitarian government. The People's Bank of China has a million man army behind them and they could take over our network with a few phone calls. The only reason Bitcoins functions is because the ChiComs LET it function. That battle has already been lost. So smallblockers want to keep bitcoin from scaling for NO REASON!
So we're going down or sideways. If we go up, new users are attracted, blocks fill up, transactions slow down and get expensive, then we have to go down or face a network congestion failure.
They got us. The bad guys won. Subsidized electricity and consensus governance brought us down. Meanwhile a bunch of other cryptocurrencies are waiting in the wings to claim the prize we fucking threw away.
You're not trading efficiency for censorship resistance. Majority mining power is concentrated in one country with a totalitarian government. The People's Bank of China has a million man army behind them and they could take over our network with a few phone calls. The only reason Bitcoins functions is because the ChiComs LET it function. That battle has already been lost. So smallblockers want to keep bitcoin from scaling for NO REASON!
So we're going down or sideways. If we go up, new users are attracted, blocks fill up, transactions slow down and get expensive, then we have to go down or face a network congestion failure.
They got us. The bad guys won. Subsidized electricity and consensus governance brought us down. Meanwhile a bunch of other cryptocurrencies are waiting in the wings to claim the prize we fucking threw away.
Why get so emotional regarding the topic?
And, what is the big deal if some alt takes over bitcoin?
If there is a better alt, then let it pave the way, and we can all jump on board that one...
The fact of the matter is that there is no alt that is even in any parameters of close to bitcoin...
Name one?
You can't because you are just spreading bullshit FUD regarding non-important and speculative matters...
Your matters are so speculative that they are even beyond the scope of this speculation thread because they are lacking almost any foundation... especially ones concerning the supposed pending take over of some not-yet identified alt coin.
RIPPLE .
Is that supposed to be a joke. If Ripple is BTC's replacement count the ***** out, I am not moving over to some centralized "trust based" coin. If that's the name of the game I'll stick to cash.
BTC is king, just the developers need to start delivering on their promises instead of bickering about this blocksize issue. The unspoken problem with this blocksize debate is how much resources it is taking away from developing opportunities just because nobody can agree on a damn block size. Meanwhile, Ethereum is gaining ground there is no denying it. I'd rather ETH take over than Ripple, but my main wish is for this blocksize thing to get solved reasonably so that btc can see some REAL development and we can see the network effect take action. Swallow the smaller coins' good features making them obsolete. We don't need positive news from mainstream media, we need to make our own positive news that is so compelling that mainstream media picks it up.
Guess what ?? in case you missed it: ETHERIUM CANT SCALE.. .............and "bitcoin cannot do it by itself".. ripple is a different beast than bitcoin... the USA govy fined RIPPLE a huge fine recently for some lame bullshiat they made up to justify the theft ... that fact is enough for me to jump onboard with RIPPLE .. RIPPLE is not the same thing as bitcoin, or any of the other alts you mentioned.. it is its own beast.
try to recall that the obama administration told everyone to NOT use iodine while the clouds of radiation rolled overhead.. they said iodine is bad for your health.. they lied.. i been taking iodine in different forms regularly since the accident and i have had ZERO adverse health affects... u can read my new book dropping march 09th if ya want to learn more about that since it is off-topic... however, i do not do what the obama admin wants me to do .. those guys are idiots.
Something new to look forward to. The Aztecminer book pump, coming to a Bitcointalk forum thread near you.
its in my tag. i dont have to do that. i will just pay amazon to advertise it on amazon... wow amazing technology can ya believe it ??