Quote from: BitChick on July 28, 2014, 04:56:38 AM

More importantly, what is the point of selling coins right now?

Why I don't own BTC right now:

Quote from: r0ach on July 28, 2014, 03:55:08 AM

The current Bitcoin model is already an obvious failure while people walk around in a delusional state pretending it isn't. It's advertised as requiring "no trusted 3rd parties", yet the entire thing relies on them in the form of a small number of mining pools for block verification. Since Bitcoin never solved the "no trusted 3rd parties" dilemma, it's time to admit that and come up with a solution, most likely assign a performance metric to regulate those parties (i.e. PoS with reputation variable).

Unless every single iota of Bitcoin dev manpower is redirected towards the solitary goal of getting rid of mining pools, they're operating under the textbook definition of insanity.

It would be different if this was the number one priority for Bitcoin development, but it seems to barely even be a side issue. The entire BTC protocol is busted from the top down until this is solved.