Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
One more post trying to get Bitcoiners to wake up to reality:
How would this be possible without some type of protocol change that allows stuff such as atomic swaps? Without that the chains are stuck as separate entities.
You apparently don't understand finance. The tail doesn't wag the dog.
You guys don't read all of my posts, thus you force me to post copies of my posts all over the place:
I explained why days ago. But y'all don't pay attention.
Any way, I don't mind providing you the link above.
Incorrect. You don't understand finance. The tail doesn't wag the dog. Read this.
Bitcoin is not a medium-of-exchange. It is a unit-of-account and a store-of-value. Litecoin will be the medium-of-exchange. Small blocks will make Bitcoin for settlement amongst power brokers of finance.
There will never be a middle ground.
Correct, nothing will ever change on Bitcoin. But Litecoin...
Entirely incorrect.
Bitcoin will never be updated and doesn't need to be updated.
Please read my posts in this thread and click the links do some extensive reading and thinking. You will learn about the absolute importance of Litecoin for Bitcoin's future.
Until you re-orient your thinking to the reality, you will be hopelessly confused.
No disrespect intended. I am trying to guide you to the truth, but you have to be willing to click and read a lot.
There's a very steady stream of updates from Core. They've also provided the protocol change that they think is best. It's sitting there waiting to be used right now.
Waiting to be used on Litecoin. Never will be activated on Bitcoin. Satoshi designed the game theory of Bitcoin so that the vested interests would never be able to agree on modifying the protocol. Otherwise Bitcoin would have no value as power broker money. Please learn that the tail does not wag the dog in finance. Go read please.
This is bouncing up and down, but slowly moving upwards. It just exceeded 59% for the first time:
http://litecoinblockhalf.com/segwit.php
It is inevitable. The hard-headed who are late are going to be butt-hurt and backsplaining.
While some of you waste your time trying to figure out what all the irrelevant noise of signaling on Bitcoin doesn't mean, the reality is something that will require re-orienting your thinking.
Bitcoin will never scale without Litecoin. No significant protocol changes will ever be made to Bitcoin. Bitcoiners need to get this nailed into their thick skulls. Read the following:
https://bitcointalk.org/index.php?topic=1663070.msg18424568#msg18424568
Bitcoin will achieve maximum value by enabling SegWit on Litecoin. There is no other option going forward. The above linked post explains why in detail.
Bitcoin was designed by Satoshi such that the vested interests would be that no one can change the protocol. No change is ever coming to Bitcoin. The sooner you realize this, the sooner we can get unstuck from the mud. Those of you who continue to facilitate this illusion of change coming to Bitcoin's protocol are obstacles in the way of progress.
Incorrect. Most of the speculation value from altcoins ends up in BTC, not in the altcoins. Altcoins are complementary to BTC. The reason BTC percentage of market cap is diving lately is because Bitcoiners are trying to force protocol changes to Bitcoin, instead of doing it on Litecoin, and so no progress is being made at all. Stuck in the mud.
Bitcoiners need to re-orient their thinking. Read my prior post and click the link and read more.
Bitcoin will never scale without Litecoin. No significant protocol changes will ever be made to Bitcoin. Bitcoiners need to get this nailed into their thick skulls. Read the following:
https://bitcointalk.org/index.php?topic=1663070.msg18424568#msg18424568
Bitcoin will achieve maximum value by enabling SegWit on Litecoin. There is no other option going forward. The above linked post explains why in detail.
Bitcoin was designed by Satoshi such that the vested interests would be that no one can change the protocol. No change is ever coming to Bitcoin. The sooner you realize this, the sooner we can get unstuck from the mud. Those of you who continue to facilitate this illusion of change coming to Bitcoin's protocol are obstacles in the way of progress.
Altcoins are good competitors to Bitcoin and I think it just needs it.
Incorrect. Most of the speculation value from altcoins ends up in BTC, not in the altcoins. Altcoins are complementary to BTC. The reason BTC percentage of market cap is diving lately is because Bitcoiners are trying to force protocol changes to Bitcoin, instead of doing it on Litecoin, and so no progress is being made at all. Stuck in the mud.
Bitcoiners need to re-orient their thinking. Read my prior post and click the link and read more.
Bitcoin will never scale without Litecoin. No significant protocol changes will ever be made to Bitcoin. Bitcoiners need to get this nailed into their thick skulls. Read the following:
Bitcoin will achieve maximum value by enabling SegWit on Litecoin. There is no other option going forward. The above linked post explains why in detail.
Bitcoin will achieve maximum value by enabling SegWit on Litecoin. There is no other option going forward. The above linked post explains why in detail.
How would this be possible without some type of protocol change that allows stuff such as atomic swaps? Without that the chains are stuck as separate entities.
You apparently don't understand finance. The tail doesn't wag the dog.
You guys don't read all of my posts, thus you force me to post copies of my posts all over the place:
Once I realized Bitcoin is never going to allow any major changes to its protocol, then I started to think about what would Blockstream do. That is when I was ripe for realizing what the LTC spike in price is probably about. Of course most of the Bitcoiners are stuck on this concept that Bitcoin has to scale, which I have realized is entirely unnecessary (and you still need to understand this) because Litecoin can scale yet Bitcoin will still capture the lion's share of the value of the scaling of Litecoin.
I explained why days ago. But y'all don't pay attention.
Any way, I don't mind providing you the link above.
Bitcoin is a currency not money.
Incorrect. You don't understand finance. The tail doesn't wag the dog. Read this.
Bitcoin is not a medium-of-exchange. It is a unit-of-account and a store-of-value. Litecoin will be the medium-of-exchange. Small blocks will make Bitcoin for settlement amongst power brokers of finance.
Well, at some point, they need to leave the middle ground and make a decision. I think it will be better if this will made as soon as possible. People are getting tired because of these and it will not be healthy if they will drag this for so long. Or maybe, they are just playing with both BU and SegWit while at the end of the day, nothing will happen? 
There will never be a middle ground.
Correct, nothing will ever change on Bitcoin. But Litecoin...
Core hasn't been keeping the system updated, and their refusal of further updates and generally increasing the Block size is alarming and drives support away. The bitcoin unlimited bound failure doesn't lift any responsibility away from the core devs..
Entirely incorrect.
Bitcoin will never be updated and doesn't need to be updated.
Please read my posts in this thread and click the links do some extensive reading and thinking. You will learn about the absolute importance of Litecoin for Bitcoin's future.
Until you re-orient your thinking to the reality, you will be hopelessly confused.
No disrespect intended. I am trying to guide you to the truth, but you have to be willing to click and read a lot.
Core hasn't been keeping the system updated,
There's a very steady stream of updates from Core. They've also provided the protocol change that they think is best. It's sitting there waiting to be used right now.
Waiting to be used on Litecoin. Never will be activated on Bitcoin. Satoshi designed the game theory of Bitcoin so that the vested interests would never be able to agree on modifying the protocol. Otherwise Bitcoin would have no value as power broker money. Please learn that the tail does not wag the dog in finance. Go read please.
This is bouncing up and down, but slowly moving upwards. It just exceeded 59% for the first time:
http://litecoinblockhalf.com/segwit.php
It is inevitable. The hard-headed who are late are going to be butt-hurt and backsplaining.