Getting back to life

Alex.BTC you sure look like any other BU supporter to me. Newly created account  

Segwit offers the fees relief every BU supporter is asking for. And much faster than any BU hardfork would have. Scaling will be moving forward. BU has no chance at adoption whatsoever why not just accept this ? Everybody makes mistake, you can't force other people to think like you. Roger and a few mining pools is not going to be enough to overpower the majority of users and devs. Did you read the exchanges letter? This delusion is madness. Even if you could, is that the Bitcoin you would want to be in ? Because today it's you, tomorrow it will be a government trying the same thing on you if they see it's doable.

Delay SW longer in the hope to prop a deadman walking BU or get what you say you want (cheaper fees). Hard choice? I don't think so. It's a simple matter of humility and clear-thinking at this point.

In the future we would really benefit from some coin signalling tools at the protocol level so people can't be mistaken about the users wills and dream up phantom majorities.

As a big ZCL holder, I'm very excited and supportive of the move. This will provide what everybody wanted with 2 chains that was not possible with only one due to the differences in philosophy. Both have their merits.

The project is alive and kicking on all cylinders. It's sometimes before Zcash like for example the release of the windows wallet. Polo will come when volume stay elevated on Bittrex for a while and when more people request the coins via the request feature on polo.

Hi guys, I put that Zclassic brief online on imgur to share. Hope you like it:
http://imgur.com/a/sZJMT
direct link to picture for insertion: http://i.imgur.com/EabFjO4.gif

Great interview btw.

ZCL showing some nice resillience

Yeah keeps ploughing ahead nicely. Just waiting for price to catch up.

Yes I'm looking forward to further wallets update too. ZCL looking good.

I'm thinking if we could integrate Shapeshift to the walet and have them add ZCL. That would be very useful.

ZCL is great, it's only problem is that it's flying under the radar...

I put up a list of why I think it will succeed:

- Anonymous transactions are needed by everyone and not only for people "who have something to hide" like Dark markets. Private transactions are a necessity in business. It's also the basis of fungibility. But at the moment, Bitcoin is not anonymous. We don't know when/if it will be upgraded with privacy features.
- There is only 2 serious technology offering anonymous transaction right now Monero and Zcash.
- Zcash technology is better than Monero:

• Zcash is close to Bitcoin in design and therefore can benefit from the developpment network effect unlike Monero where everything needs to be developped from scratch for it. Zcash also has the exact same model of issuance as Bitcoin, 21m coins, same rate of mining.
• Zcash has opt-in anonymous transactions where Monero is anonymous by default. This means that with Zcash you can either do transparent regular blockchain transactions or cloaked anonymous transactions. This offers 2 advantages, first transparent transactions are useful for different type of usecases. And second it doesn't raise as much redflags from governments while offering the same privacy.
• On the technical side, Zcash transactions are considered theoretically more perfectly anonymous and Zcash has better scalability than Monero.

- But Zcash suffers from a fatal flaw, it's the product of a US corporation and they made the mind-boggling decision to add tax of 20% on every block mined (until half of the total coins are mined).

• Corporate coins add general uncertainty such as centralisation pressure and legal targets.
• The 20% tax is not acceptable and destroys the foundation of what is supposed to be a worlwide currency. This will put a ceiling on Zcash potential as money. Cryptocurrencies are meant to free people and enable worldwide unfettered commerce not bring us back to Middle Age seignorage !

=> Zclassic is a fork of Zcash that simply removed the mining tax, it was released just a few days after Zcash and is what Zcash should have been.

We should rename it Just-Nakowa.com

AirAsia is one of the most famous and well rated airlines in the world. They don't care about advertisement from Bitcoin . I can't believe some people here actually used that angle to talk to them.

However AirAsia is probably the most efficient cost killer of all. Everything they do is thought to kill cost, sell lower prices tickets and make more money out of it. Anyone who has ever traveled AirAsia can attest to that. They are really apart from any other airlines I know of, even other low costs. And they are one of the few companies I know that is actually charging you transparently for the credit card fees if you choose to use a cc.

By the way, if you are interested in doing this, I can only suggest you to contact Michael O'Leary, CEO of Ryanair. Like Tony Fernandes, this guy is extremely disruptive and he will explore ANY option to lower costs. He once wanted to fly people standing up. And he is a well known libertarian too. And Ryanair will also do anything for advertisement (even though Bitcoin don't directly provide any buzz value, they might be used by some imaginative mind in a scheme to generate a nice buzz).

Nakowa, it looks to me like you are trying to find any excuse to justify not playing again without losing face because you are afraid to lose, proving you are not so special and your strategy was being lucky.

Different house edge for whales totally suck. It's just not fair. (I'm saying that as an investor) Let's find the right amount of max profit instead please..

Well considering we can still consider the casino "beta" and the 1% limit was flawed but at the same time correcting it impaired investors ability to make back their money, I don't see the problem with TEMPORARILY freezing new investments. It doesn't hurt the site either. It makes sense because of the lower limit.

When I invested, I didn't know that the max limit could be lowered at anytime while I'm in the red.

Actually personally, I invested in the middle of the Nakowa show becasue 1- I though it was good advertising 2- I thought he would soon lose it all back.

Personally as an investor I would like to support Dooglus because despite a few mistakes he has done a good job. It's easy to shit on him now that Nakowa has lost some, if Nakowa was up 3000 (as likely), you wouldn't have the same reaction. As Mechs said 1% was too high of a chance to bust vs a hi-roller high with a high bankroll.

What should be done imo is:

- Set the max limit to 0.25 or 0.33%.
- Temporarily raise the limit to to 0.75% so Nakowa can lose all his money if he wants to. As soon as it's settled, get back to 0.25 or 0.33%
- Freeze new investments for a while to give a chance to people who didn't divest to make back some.

Dooglus,

First, I really like what you have done with just-dice and you seem like a very honest guy which is the reason I'm invested and I would not be invested in ANY of the other Bitcoin casinos out there but:

As an investor I have to say I am a little bit disappointed you didn't try to consult with us before lowering the max limit seeing how much we are impacted. Because it's going to take us much longer now to make up for our losses. It might be impossible for some if the BTC/USD price goes up..

That said, I also think that 1% was way too high and it should have been 0.5% max and it was a mistake. But.. changing it now, you took away our chance to make up for our loss quickly and you give an incentive to new people or people who divested to get back in as investors thus lowering our profits.

I don't think Nakowa will play again unless we go back to 1% which considering is current bankroll might be too risky for us. So you should freeze out any new investors/new investments for a while at least till the bank goes back in green. Also I would be against the idea of banning people like Nakowa from just-dice. We can't ban people for being lucky!

Bitcoin seems like the perfect match for porn and gambling so kinda inevitable. It's just a matter of when. You have to remember that most people learned about Bitcoin in april, that is barely 6 months ago. These things take time.

I'd be surprised if 2 years from now, most porn and gambling websites still don't accept Bitcoin.

The good thing is we can still buy bitcoins at cheap prices. For early adopters, the ideal scenario is one in which Bitcoin appreciates steadily so you can easily buy Bitcoin every month rather than huge bubble/bust every now and then. So let's not be too eager to see mass adoptions. That's time to make more fiat to buy more bitcoins.

Right now you are right. However in the future I expect that you could be able to open a bank account denominated in bitcoin, in which case it will be the ideal currency to keep your savings. And you can just convert whatever you need to spend in local currencies.

The bitcoin community seems very polarized to me. It is exacerbated by the fact that to really understand bitcoin, one needs to have both the ability to grasp the technical side of the software/protocol and various economic mechanisms.

On one hand you have people capable of thinking outside of the box, who 1/ realize that the world is not immutable 2/ can attempt to imagine how things could be if they were different from what they are now.

On the other hand you have gullible idiots who believe in instant riches, conspirations and magics and basically can't think for themselves but are very eager to follow any guru they will find.

Usually the "smart" people in the community are computer engineers and they sometimes have and an understanding of the economy that is too simplistic. There is not enough "economists" in the community but the main reason is that "economic science" not being a science, most economists are stupid and narrow minded and are therefore constantly victim of cognitive dissonance through their life. So they would very quickly reject bitcoin without giving it much thought. Therefore it's among traders and entrepreneurs (whome I call the real economists) that you will find many of the people constituting the other half of the "smart" people.