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Showing 20 of 149 results by forlackofabettername
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Re: why bitcoin is dumped so hard?
by
forlackofabettername
on 19/08/2015, 07:19:00 UTC
So at the very least you have 4 more months with lots of FUD, bad news and no buyers. That could be topped off with a screwed up fork that renders bitcoin completely worthless.

Good luck for ya. Doesn't look good. Shit is on TV too. Your friends gonna give you the looks, that's for sure.
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Re: why bitcoin is dumped so hard?
by
forlackofabettername
on 19/08/2015, 07:17:05 UTC
This Price fluctuation of Bitcoin can continue till the fork in January.  Only after that fork, Bitcoin price can stabilize.

january, where is the source of this, would you mind writing it ? because i thought it was around 1 march



It could be much later or never
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Re: why bitcoin is dumped so hard?
by
forlackofabettername
on 19/08/2015, 06:59:48 UTC
If you forgot to dump early or on top you can still dump your bitcoin for good deals on the LTC/BTC market or another altcoin market of your choice.
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Topic
Board Bitcoin Discussion
Re: Why Gavin is so desperate about his fork? Is he hiding something?
by
forlackofabettername
on 19/08/2015, 06:10:45 UTC
It's disturbing how Gavin is not posting to the community at all, he's doing all this in silence.

He probably can't even look his own image in the mirror straight in the eyes...

All this would not have been possible if he would have had to defend his proposal in front of community in direct conversation.
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Topic
Board Bitcoin Discussion
Re: Why Gavin is so desperate about his fork? Is he hiding something?
by
forlackofabettername
on 19/08/2015, 06:08:00 UTC
XT must prevail or Bitcoin will die.  It is that simple.  

The Blockchain Technology Cat is out of the bag.  Blockchain technology is the financial industry darling.  Billions of Dollars are being invested.  They've seen the beauty of blockchain and it is here to stay.  They want the ledger control.  And they will get it.  It was written into the plan and the stars from the beginning and anyone who thinks differently is naive.  It was PLANNED all along.  "Satoshi" set it up.  Do you think it is an accident that the renegade badboy image of Bitcoin came about by accident?  No, it was introduced through the channels it was intentionally.  The techies ate it up, and the criminal element embraced it.  And through them the beauty of it found a showcase which others eventually noticed.   It was simply a way to get it accepted by the masses, and get the attention of the Fiat guys.

But these Fiat guys want the Ledger control, and they want to expand capabilities, and that will require bigger blocks.  They will NOT let go of what they have found.

NOW - the path of least resistance is to keep Bitcoin.  It already has acceptance.  It has a broad dispersion throughout the global public.   It has a decent infrastructure buildout.  The odds are that Bitcoin gets through the XT hurdle and becomes the standard - AND THE FIAT GOVERNORS WILL CONTROL THE LEDGERS.

OR.... XT will fail through bickering.  In which case the Fiat guys will pick a new "Fiat Bitcoin" to run their Blockhain Ledger, and bitcoin will slowly die as they use all their tools to force everyone into what they create and replace Bitcoin with - AND THE FIAT GOVERNORS WILL CONTROL THE LEDGERS.

Either way they will win.  One way they win bigger.  

Bitcoin will in the end prevail with an XT patch I believe.  And that will be in a way a win for the people.  But make no mistake - nothing will stop "THEM" from controlling the Ledger eventually.  And it was planned that way from the start.

Satoshi isn't who/what you think.

Peace, -d

Probably, and that's why the idea of a single central chain and currency like bitcoin is so unhealthy. It is far too easy to take over. People would have a better position if crypto had like 5 or 10 big coins instead only one. Let the bankers have all their ledgers, no problem. We have enough blockchains for everyone.
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Topic
Board Bitcoin Discussion
Re: Nakamoto speaks on BitcoinXT
by
forlackofabettername
on 19/08/2015, 06:01:19 UTC
its fake dude if satoshi is still alive and make a return he wouldn't do it this way.  Also he would be smart to know that nobody is going to believe him without a signed key. 

I think it's great everyone knows what satoshi would and wouldn't do. lol
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Topic
Board Bitcoin Discussion
Re: Gavin, the NSA and XT...
by
forlackofabettername
on 18/08/2015, 21:34:05 UTC

Just ignore. He's posting the same crap comment over and over for two days now...
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Topic
Board Bitcoin Discussion
Re: Is it just me or is everyone else sick of the block size debate?
by
forlackofabettername
on 18/08/2015, 21:29:48 UTC
SICK?

I Just dumped all my 30+ Bitcoins...

Its obvious to me that Bitcoin is NOT gonna be it!

When you look at the charts I think the BTC dump could start every day...





Not a smart move. With billions of dollars invested in bitcoin and many companies built on it, bitcoin isnt going away simply because of some block size discussion.

Now is actually a buying opportunity. After the dust settles the price is going up.

Or you can do what I'm doing and just hodling to see where the split takes us.

But when does the dust settle? Not before a fork or other final drama happens. I can see double digit prices as realistic now. People should have ignored Gavin, Mike and their minions completely imo.
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Board Speculation
Re: Media misrepresenting BitcoinXT situation, causing investors to panic.
by
forlackofabettername
on 18/08/2015, 19:42:49 UTC
Can someone link me to thread which explains this "XT" Thing, I clearly dont understand what the situation is going in bitcoin technical world. What is bitcoin XT? Is it for faster or bigger transactions? I cant understand a bit can someone explain or link me to where get started about this situation?
The real insight to get the bigger pricture, not that manipulative crap these Gavincoiners post on here:

https://bitcointalk.org/index.php?topic=919629.0


https://bitcointalk.org/index.php?topic=941331.0
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Topic
Board Bitcoin Discussion
Re: Bitcoin Vs Bitcoin XT (is there any difference to the average person)
by
forlackofabettername
on 18/08/2015, 19:35:29 UTC
Well, there is a realistic chance your investement could loose all value during the switchover. Then you'll have twice the amount of worthless coins, which is great too if you don't care about money. My advice: do not believe a word you read on these boards. Do your own research and due dilligence. These scum here are only calming everyone down so people don't panic. You'll hate these scum who try to calm you down when the red waterfalls come down... Be alert.
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Board Altcoin Discussion
Re: XT: It's On! First block was mined by an XT miner
by
forlackofabettername
on 18/08/2015, 19:27:29 UTC
Could have been a notXT miner too...
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Topic
Board Bitcoin Discussion
Re: Now that we know most XT nodes are fake, what are the implications?
by
forlackofabettername
on 18/08/2015, 19:23:35 UTC
It means this is a blindfolded flight now. Could become messy as the opponents start pretend-updated mining soon. No way to determine when a switchover is safe. Immediately after fork nodecount and hashrate of Gavincoin could and likely will collapse. I just hope all this doesn't hurt the value of core too much. Volatility is certainly to be expected. People transacting Gavincoin after the fork (if it happens) stand to loose it all.
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Topic
Board Bitcoin Discussion
Re: Is it just me or is everyone else sick of the block size debate?
by
forlackofabettername
on 18/08/2015, 19:14:13 UTC
I cant see any end to this debate and its seriously hurting bitcoins value and reputation.
Don't worry this debate is intra community. New people buying bitcoin don't even know about XT and block size.

Well, it's on BBC in the newsticker ...
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Board Speculation
Re: Media misrepresenting BitcoinXT situation, causing investors to panic.
by
forlackofabettername
on 18/08/2015, 17:09:17 UTC
Minimum benefits, lots of potential damages. XT only worsen the situation of bitcoin. Investors are panicking now because of the "split" which is just unnecessary. Idk why they are pushing bigger block size when in fact 1mb is just right in this current times. What's the most plausible explanation why they are pushing higher block size?

For a powergrab. This isn't about blocksize, it's about a takeover of the developement departement. A trojan horse if you want see it that way.
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Re: Media misrepresenting BitcoinXT situation, causing investors to panic.
by
forlackofabettername
on 18/08/2015, 16:57:28 UTC
9% of XT nodes doesn't really matter. Did XT mine any blocks ?


Nope, xt doesn't mine blocks because most nodes are fake nodes (notXT-software). I was also looking into hosting 5 to 10 fake Gavincoin nodes.
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Topic
Board Speculation
Re: Media misrepresenting BitcoinXT situation, causing investors to panic.
by
forlackofabettername
on 18/08/2015, 16:49:50 UTC
Didn't see that coming, huh?

Gavin is a complete PR desaster - always has been.

edit: poster above me (Hamilton) deletes me from his threads in order to fabricate an image with his topics. Beware selfmoderated topics by Hamilton are rigged.
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Topic
Board Bitcoin Discussion
Re: Which innovation in Bitcoin do you REALLY want?
by
forlackofabettername
on 18/08/2015, 09:41:22 UTC
Please add two options:
1) no Mike and no Gavin
2) better decentralisation
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Topic
Board Bitcoin Discussion
Re: List of reasons we do not need bigger block sizes
by
forlackofabettername
on 18/08/2015, 09:33:54 UTC
The joke in all this is: we would actually now be good for a bull market if Gavincoin-camp wouldn't create massive FUD for the coin.

Some of these people say scalability (it's actual pseudo scalbility) would bring in new money. But hey, folks, if you would just leave it alone and not threaten to break it price would probably be higher already. These people seem not to understand that they are spooking the investors at the periphery massively and drive away the money with their Gavincoin-circus.
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Topic
Board Bitcoin Discussion
Re: List of reasons we do not need bigger block sizes
by
forlackofabettername
on 18/08/2015, 09:26:58 UTC
Stress testing at least proved one thing: Even the blocks are all full, majority of users will not be affected. Blocksize should only be changed when there is a REAL problem, not by fear and imagination

Human are all adaptive, when banks closed during weekends, they don't change bank, but wait for it to open on Monday, and reduce their transaction frequency

+1

when blocks were full i had instant confirmation at all time with standard fee included of course. I had no delay during all the spamming cuz i way paying appropriate fee to get into blocks before all the broke asses that couldn't afford 3 cent tx fee and were crying about it on the forum.  Wink


The possibility of tx volume dropping like a rock due to scenario a, b, c or  d is almost never discussed in this forum. What you gonna do if txs drop off? Core could deal easily with a sharp drop in txs and could recover later. XT on the other hand could get into trouble if txs were to drop sharply.
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Topic
Board Bitcoin Discussion
Re: List of reasons we do not need bigger block sizes
by
forlackofabettername
on 18/08/2015, 09:20:07 UTC
1) Bitcoin block rewards will eventually become infinitesimal, at that point transaction fees will be the only rewards miners get. Right now transaction fees are around 0.1-0.5 BTC per block, which is nowhere near enough funding to secure the network by itself. We need transaction fees to go up, and the only thing that will force them up is the blocksize limit. Increasing block size might cause fundamental damage to Bitcoin due to this.
False! Bigger blocks = more transactions = more fees!

2) Currently average block size is less than 0.4 mb now that the stress test bullsh
That means on average, it also means that at some times during the day, blocks are constantly full and the queue gets long, exactly when people need it the most. If you want the blocks to be full, then you can lengthen the queue to weeks (just like regular banks). You don't want to build a highway that needs to be 100% filled with stationary cars before you decide to put more lanes in it.

3) Once we hit the 1 mb limit free and nearly no fee transactions will be forced off chain. There is TONS of dust, spam, and gambling that can be done off chain. Over half of all Bitcoin transactions right now are basically dusty junk. This will make plenty of room for legitimate transactions.
False! Free transactions have a pre-allocated spot in each block. They will still be allowed under normal settings, even with high fees.

4) Once almost all the junk is forced off chain the rise in fees will be very gradual, and it will take a long time for the fees to become an issue for people. In any case the blockchain will function perfectly fine regardless of transaction data volume, fees will simply rise.
False! If the blocks are full, fees grow exponentially to obscene levels, such as "I just paid 1 BTC fee to send my other BTC to an exchange to dump this shit, because everyone else paid 1 BTC fee!".

6) We need to maintain a group of scientists which reach a consensus, not just centralize Bitcoin under a couple of developers.
Too many chefs, not enough cooks. They each think that their idea is the best and other ideas are shit. What if they never reach consensus? This shit is being discussed for over 2 years, the actual block usage increased steadily, and now needs to magically be capped at some random number, with no plan to plan for an increase (yes, there is no plan for a plan, they just push the decision for later).

It also amazes me that NOBODY is capable of understanding the social, economical, technological, networking and computational aspects of this change, as a whole and everyone conveniently ignores some aspects to push his propaganda, such as this example list of false reasons to not prepare for an increase in the block size.

1) bigger blocks don't create transactions in and of itself. Larger blockchain probably prevents further adoption or at least slows it. Most txs you'll get will be spam which goes away the very second you charge fees. (lol)

about 2) complete bogus. Fees rise and huge backlogs won't happen even with smaller blocks because fees will drive junk txs off chain. So you got a huge whole in your argumentation there. The doom and gloom backlog-story is a lie. Won't happen. No evidence that supports this idea.

4) No, idiotic idea of exponential fee rise. Do you think btc is the only way to do txs in this universe? No it isn't. Fees will be found in supply/demand  freemarket-fashion (this mechanism never fails and no other mechanism is more efficient, free market, ya know bro? Instead of central planning, got it?)  and txs will cost exactly what people are willing to pay to use bitcoin instead of a substitute. So exponentially rising fees sounds like something right out of Hearns' ass. Again: no evidence to support this idea, niet, nada, poof, zero

all made up crap ...

use da brain, folks, use it!