>15 dollar fee per transaction how can anyone unironically defend this dinosaur coin?

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Anonymous Thu Aug 24 20:59:44 2017 No.3199292 [Reply] [Original]

>15 dollar fee per transaction

how can anyone unironically defend this dinosaur coin?

>>	Anonymous Thu Aug 24 21:00:55 2017 No.3199304 >>3199292 ikr

>>	Anonymous Thu Aug 24 21:01:26 2017 No.3199308 Hey look kid this is grown up transactions more sophisticated sfuff than using your allowance to buy a piece of hubba bubba

Anonymous Thu Aug 24 21:03:31 2017 No.3199321

>>3199292
whats even more unnerving is the fact that it's mooning right now. Sure the miners are making bank but it aint gonna last. No one is going to pay all those fees when other coins exist.

Im enjoying the gains but i've put in a stop loss sell order at 4100 just in case the bubble pops tonight.

shits unreal.

>>	Anonymous Thu Aug 24 21:04:07 2017 No.3199326 >>3199292 no one uses BTC Everyone just hoards it and defends it that it is a store of value like gold

>>	Anonymous Thu Aug 24 21:06:12 2017 No.3199339 >>3199292 >>15 dollar fee per transaction Where did you get this bullshit number from?

>>	Anonymous Thu Aug 24 21:08:51 2017 No.3199366 File: 68 KB, 431x450, 1495744498630.jpg [View same] [iqdb] [saucenao] [google] >>3199326 >no one uses BTC >over 2bln dollar 24 hr. volume yes, fees are $15 because no one uses it

>>	Anonymous Thu Aug 24 21:10:33 2017 No.3199382 >Shitcoin bagholders still don't can't comprehend the simple fact that their chains aren't secure

Anonymous Thu Aug 24 21:13:37 2017 No.3199406

>>3199366
The entire volume is just people trading it back and forth to each other. I can see why normies think crypto is a ponzi scheme. Especially when people say transactions don't matter and BTC should be a "store of value" rather than cash. Because that means absolutely fucking nothing and anything with a price and liquidity can be a store of value.

>>	Anonymous Thu Aug 24 21:14:43 2017 No.3199418 >>3199292 The increased number of possible transactions were supposed to lower not raise the price of the fees.

>>	Anonymous Thu Aug 24 21:17:39 2017 No.3199447 >>3199292 Think of it as the gold standard to digital currency. Eventually, it will get removed and fuck everything up...but not in our lifetime. Just use it to buy LTC

>>	Anonymous Thu Aug 24 21:19:21 2017 No.3199467 >>3199447 ltc is just another shitty segwit coin. eth is the only other option for normies right now because they can just buy it on coinbase and send it to whoever.

>>	Anonymous Thu Aug 24 21:22:15 2017 No.3199497 >>3199467 SO MUCH THIS. UPVOTE

Anonymous Thu Aug 24 21:22:19 2017 No.3199501

>>3199406
Except BTC is a trust-less system sustained solely by the people utilizing it, just like anything in the free market the more it is utilized - the more expensive it becomes until the price is reduced by some technological innovation that improves the system aka scaling solutions. It may be another coin that solves the problem first and surpasses BTC by volume but since that hasn't happened yet it's pointless to blame BTC for failing at something that no other coin has actually succeeded at this scale.

>>	Anonymous Thu Aug 24 21:24:27 2017 No.3199535 >>3199467 > eth is the only other option for normies right now because they can just buy it on coinbase and send it to whoever. You can literally do this with LTC

>>	Anonymous Thu Aug 24 21:28:28 2017 No.3199581 BTC is a big old piece of shit, but its the only coin the exchanges dont drive down everyday. Find Bill Shihara and assasinate him and do the crypto world a favor

>>	Anonymous Thu Aug 24 21:30:25 2017 No.3199606 >>3199292 https://wmx.wmtransfer.com/ fee 0.8%

>>	Anonymous Thu Aug 24 21:31:59 2017 No.3199617 >>3199292 >dinosaur coin BTC with segwit and LN isn't Bitcoin. It's a brand new coin. BTC is an ETH/LTC/bitcoin mutt.

>>	Anonymous Thu Aug 24 21:33:26 2017 No.3199631 >>3199617 yea. and who needs a mut when you can have a purebred? literally why not just use eth?

>>	Anonymous Thu Aug 24 21:33:32 2017 No.3199632 >>3199292 yeah it will die very suddenly by chinese swapping over to something else by suddenly i mean like so subtle like a ninja.........watch out for the prices

>>	Anonymous Thu Aug 24 21:34:09 2017 No.3199638 >>3199617 you dont even know what segwit does you fucking retard, you bought the core shills propaganda

>>	Anonymous Thu Aug 24 21:34:29 2017 No.3199639 >>3199292 Since when were fees $15?

Anonymous Thu Aug 24 21:35:32 2017 No.3199650

>>3199617
except that nothing can actually utilize segwit for any meaningful purpose yet

instead of just giving us a functional coin with 2MB blocks, they've just kicked the can even further down the road

you don't even have to buy into the second-layer conspiracies to realize this was a terrible move for the users AND the miners

>>	Anonymous Thu Aug 24 21:36:30 2017 No.3199660 File: 51 KB, 1011x427, file.png [View same] [iqdb] [saucenao] [google] >>3199632 it's always neo and bch, they play ring-around-the rosy with those three coins, goading noobs into selling low

>>	Anonymous Thu Aug 24 21:37:01 2017 No.3199670 >>3199467 >send it to whoever just what do you think the purpose of LTC is? to own them and never send them to anyone?

>>	Anonymous Thu Aug 24 21:41:45 2017 No.3199706 >>3199638 Segwit removes certain proof of work from the chain LN puts the transactions on a private third party ledger Fire those reasons, BTC isn't bitcoin. The central purpose of bitcoin was using a universal public ledger.

>>	Anonymous Thu Aug 24 21:41:47 2017 No.3199707 >>3199670 your retarded as fuck. is your reading comprehension that bad? or did you really just fucking cherry pick a piece of what i said and try to construe it as something else? Jesus.

Anonymous Thu Aug 24 21:45:43 2017 No.3199740

>>3199406
Unironically BTC is starting to look like the tulips.

> Over hundreds of shitcoin with better technology and faster
> At least ten of them are backed by huge corporations
> They're all still priced lower than BTC
Is BTC just waiting for a crash to 3 digits or something?

>>	Anonymous Thu Aug 24 21:49:50 2017 No.3199793 File: 7 KB, 654x108, webmoney-title-en.png [View same] [iqdb] [saucenao] [google] https://wmx.wmtransfer.com/ fee 0.8%

Anonymous Thu Aug 24 21:50:04 2017 No.3199797

>>3199631
Eth didn't do anything bitcoin did.

Bitcoin want just hype. It was a revolutionary idea to cut out the middleman and send direct payment bypassing the banks. It made the banks or any third party guarantor redundant at best.

LN is funded by bankers who want their cut. BTC, LN, blockstream, Thymos censoring reddit, the same group is behind all of it and they want to end bitcoin.

>>	Anonymous Thu Aug 24 21:50:17 2017 No.3199802 File: 8 KB, 300x208, download.jpg [View same] [iqdb] [saucenao] [google] >>3199707 > your retarded > your WEW

>>	Anonymous Thu Aug 24 21:53:02 2017 No.3199829 >>3199802 welcome newfriend

Anonymous Thu Aug 24 21:54:02 2017 No.3199836

>>3199797
>LN is funded by bankers who want their cut. BTC, LN, blockstream, Thymos censoring reddit, the same group is behind all of it and they want to end bitcoin.

This. The question for me is whether the people that understand and care about this will continue to use bitcoin or whether they'll just switch to Monero.

Anonymous Thu Aug 24 21:55:16 2017 No.3199851

>>3199740
Nothing like the tulips. Bitcoin as it was, was a revolutionary means of currency exchange because it bypassed banks. BTC doesn't do this anymore.

BCH is now bitcoin.
>public ledger
>direct transactions with out double purchase, bc of public ledger
> original proof of work standards
> block size modified for today's market at 8MB
>no (((segwit)) ever

>>	Anonymous Thu Aug 24 21:55:51 2017 No.3199859 File: 160 KB, 500x385, image.jpg [View same] [iqdb] [saucenao] [google] >>3199802

>>	Anonymous Thu Aug 24 21:59:57 2017 No.3199916 >>3199836 Lol, Monero scales worse than Bitcoin. Cucker Ver is on record saying he doesnt care if Bitcoin becomes Paypal 2.0 and You-Know-Wu wants to co-opt Bitcoin for his PBOC masters

>>	Anonymous Thu Aug 24 22:00:13 2017 No.3199921 File: 130 KB, 600x600, dijji.png [View same] [iqdb] [saucenao] [google] >tfw the jews got Bitcoin Will we ever be free of those central bank kikes

>>	Anonymous Thu Aug 24 22:01:49 2017 No.3199942 Hurts to watch the price continue to rise and have no holdings in it or have some altcoin you know deep down inside despite all the shilling is going nowhere doesn't it? Sour grapes af

>>	Anonymous Thu Aug 24 22:02:13 2017 No.3199950 >>3199921 BCH will free us from Jewish oppression.

>>	$4CHN:CWNWHZnzmEPNA3yGJUXDAy3J(...) Thu Aug 24 22:02:57 2017 No.3199957 BTC will survive

>>	Anonymous Thu Aug 24 22:03:54 2017 No.3199971 >>3199292 Source????

>>	Anonymous Thu Aug 24 22:04:33 2017 No.3199977 >>3199921 >Will we ever be free of those central bank kikes Use bch and you're free. It's exactly what bitcoin was. >>3199851

>>	Anonymous Thu Aug 24 22:06:04 2017 No.3199994 >>3199957 bought and tipped 100k

>>	Anonymous Thu Aug 24 22:06:04 2017 No.3199995 >>3199292 I'll believe that when I see it. Fucking BCH shills: is there anything worse?

>>	Anonymous Thu Aug 24 22:06:09 2017 No.3199997 >>3199950 BCH is Chinese Oppression, Jihan is gaming difficulty and stealing hodler monies

>>	Anonymous Thu Aug 24 22:06:53 2017 No.3200004 >>3199957 BTC will start using a private ledger. Bitcoins central product was the means to transact without needing a third party ledger.

>>	Anonymous Thu Aug 24 22:07:33 2017 No.3200009 >>3199921 No, you'll have imaginary bankers following you around and fucking you over in every single aspect of your life forever. You've angered the jews and now you're cursed.

>>	Anonymous Thu Aug 24 22:11:58 2017 No.3200044 >>3199995 Try to refute my argument. Pro-tip: You can't. Lightning uses third party oversight, segwit removes proof of works. BTC is now an alt coin. BCH is now bitcoin.

Anonymous Thu Aug 24 22:15:01 2017 No.3200067

>>3199406
BTC is a ponzi scheme / tulip mania now

BCC is a legit replacement though

you're right that there has to be a value proposition in order to store value. once upon a time it was cheap, fast, peer to peer transactions. BTC doesn't have that anymore, so it doesn't have a value proposition anymore. BCC will pick up the whole market cap and keep moving forward though

Anonymous Thu Aug 24 22:16:56 2017 No.3200078

>>3199670
the purpose of LTC is to be yet another pump and dump scamcoin, all the hype is bullshit

there can only be one coin in the end. it will be a variant of bitcoin. right now, we have two contenders: one with $15, 6 hour transactions and one with $0.01, instantaneous transactions

time to make your bets

>>	Anonymous Thu Aug 24 22:20:59 2017 No.3200112 >>3200067 People are already waking up to this. BCH will pick up steam very slowly until the day it takes off, no one will see it coming.

>>	Anonymous Thu Aug 24 22:22:27 2017 No.3200137 >>3200067 dream on you BCC shill no one wants BCC this chink Jihan controlled shitcoin

>>	Anonymous Thu Aug 24 22:25:14 2017 No.3200154 >>3200137 enjoy your ponzi bags fair market price of BTC is now $0 because it no longer has a value proposition can't store what you don't have

>>	Anonymous Thu Aug 24 22:26:57 2017 No.3200170 >>3200137 How can you be so completely oblivious to BTCs baggage at this point? Nobody is this fucking stupid.

>>	Anonymous Thu Aug 24 22:27:51 2017 No.3200175 >>3200137 Do you disagree with this: >>3199851 ? >>3200044

Anonymous Thu Aug 24 22:28:51 2017 No.3200183 [DELETED]

>>3200009
you got that backwards. the jews greeed took over there sense of survival. they hurt so many people for so long the real and only answer is to exterminate every last jew on earth and finally have a planet WITHOUT A SINGLE JEW. GLOBAL PROSPERITY. restoration of America. The end of the international banker crime spree. THE JEWS MUST BE EXTERMINATED for the benefit of all earth

>>	Anonymous Thu Aug 24 22:30:23 2017 No.3200199 >>3200154 >fair market price of BTC is now $0 because it no longer has a value proposition This 100%. Anyone who didn't see it will get flattened.

>>	Anonymous Thu Aug 24 22:39:52 2017 No.3200299 >>3199639 They aren't. The most common fee I have seen is 0.0005 BTC which is currently ~$2.70 AUD, he's probably complaining that fees aren't being adjusted for BTC value increase

Anonymous Thu Aug 24 22:42:38 2017 No.3200326

>>3200299
bit beside the point though

BTC has a fair market value of $0 if the long term fee trend is greater than $0.20 or so

credit cards will give you $0.30 transactions with all kinds of perks like clawbacks, points, extended insurance, etc.

IF btc fee > $0.30 THEN btc true value = $0

>inb4 muh black market

other altcoins do this better than the btc alt coin. monero etc. btc headed for zero if it doesn't change direction

Anonymous Thu Aug 24 22:44:23 2017 No.3200344

>>3200183
You think the group that comes into power after you kill the jews will be any less greedy? No. The people in power aren't evil cutthroats because they're jewish. They're like that because you need to be a sociopath obsessed with money and power if you want to be on top. If you're anything less than that you will get walked on and disrespected before you even get to be manager at a small corporation, let alone a top position in the entire fucking world. There will never be truly people at the top, they just don't have the personality that it takes to get there.

>>	Anonymous Thu Aug 24 22:45:38 2017 No.3200359 >>3200344 there will never be truly good people at the top*

>>	Anonymous Thu Aug 24 22:47:48 2017 No.3200377 >>3200344 So... Instead of new money... New values? That's going to be way hard to implement

>>	Anonymous Thu Aug 24 22:50:01 2017 No.3200395 >>3200137 everyone wants a jew coin then?

>>	Anonymous Thu Aug 24 22:53:27 2017 No.3200432 >>3200299 They are if you want your transaction done in under 2 hours .0005 fee is 4 hours

Anonymous Thu Aug 24 22:58:19 2017 No.3200468

>>3200326
Yeah, it's also a problem that buying shit with BTC to fiat means that fees and rates will vary between service providers, rather than just paying a fee on a fiat to fiat service like credit, which, as you said offers more benefits. I guess it's because banks are more competitive than BTC exchanges in terms of volume and users. I'd like to know how much some of these exchanges make off their fees compared to their own setup and upkeep expenses.

>>	Anonymous Thu Aug 24 22:59:44 2017 No.3200487 >>3200432 With who?

Anonymous Thu Aug 24 23:01:12 2017 No.3200504

>>3199501
>BTC is a trust-less system sustained solely by the people utilizing it
Block stream and its lightning network complicate that dynamic. Especially since Blockstream and the Bilderberg group takes profits from the lightning network and this lowers profits for miners.

>>	Anonymous Thu Aug 24 23:02:34 2017 No.3200513 >>3200487 Recommended fees in bitcoin-qt

>>	Anonymous Thu Aug 24 23:14:17 2017 No.3200582 >>3199793 Is that supposed to be a good thing? Say I use 1 Bitcoin with a value of $4000. At 0.8% my fee would be $32. Not what I signed up for when Bitcoin first launched.

>>	Anonymous Thu Aug 24 23:18:30 2017 No.3200619 >>3200582 Remember when paying fees was up to the generosity of the user Never again

>>	Anonymous Thu Aug 24 23:54:22 2017 No.3200878 >>3200504 If they're scan succeeds, they'll trade everything, or they'll try to kill it. BTC until last night was a big threat to fiat.

>>	Anonymous Thu Aug 24 23:55:25 2017 No.3200886 >>3200878 They'll take everything

>>	Anonymous Thu Aug 24 23:59:14 2017 No.3200908 BTC does literally everything wrong. Shitty fees, shitty transaction times, inability to use smart contracts, possible multiple forks, etc.. and the price keeps fucking going up. why the fuck does this happen?!?!?!

>>	Anonymous Fri Aug 25 00:00:48 2017 No.3200912 >>3200908 >m-muh smart contracts HAHAHAHHAHAHAHAHAHAHAH are you for real? Worthless stupid technobabble

>>	Anonymous Fri Aug 25 00:03:33 2017 No.3200932 File: 1.16 MB, 1920x1200, 1502210749938.jpg [View same] [iqdb] [saucenao] [google] >>3199292 posts like this make the weight of my bags several times lighter the flippening is coming soon, i can feel it

>>	Anonymous Fri Aug 25 00:11:46 2017 No.3200985 File: 290 KB, 1562x1102, IMG_20170825_041747.jpg [View same] [iqdb] [saucenao] [google] >>3200067 >BCC is a legit replacement though AHAHAHAHAHAHAHAHA

>>	Anonymous Fri Aug 25 00:16:46 2017 No.3201019 >>3200985 >implying this is worse than letting the bankers in Not even the same neighborhood. >>3200932 Be patient.

>>	Anonymous Fri Aug 25 00:19:27 2017 No.3201039 >>3201019 >implying theyre better than the bankers wake up to yourself.

>>	Anonymous Fri Aug 25 00:19:34 2017 No.3201041 >>3200932 I didn't see the dgb marine. This isnt ever going up, dude.

>>	Anonymous Fri Aug 25 00:22:19 2017 No.3201065 >>3201039 It can be broken down to changing the design of the coin to profit off of. Or to manipulate mining adjustments to maximize profit while not changing the coin fundamentally. Let's guess which one is worse in the long run

Anonymous Fri Aug 25 00:26:48 2017 No.3201100

>>3201039
The chinks are doing what every miner should be doing. Don't blame them if you're hodl'ing fiat-tier coin, the service bitcoin was based on is only available through BCH right now.

If blockstream team wasn't coopted by jews who want to kill bitcoin, they'd be doing it too. The chinks are mining the valuable coin when it's profitable, blockstream is selling out to the banks. If they just rates the block size like bcc did this wouldn't be happening.

>>	Anonymous Fri Aug 25 00:33:56 2017 No.3201153 >>3201100 anon, if we raise the block size then BTC would be functional again don't want BTC threatening the kikes monopoly do we? of course not. all hail blerkstream

Anonymous Fri Aug 25 00:42:18 2017 No.3201210

>>3201153
Exactly but that will never harken because the jews have infiltrated and they want the money.

The only way they'll ease traffic problems is with soft forks trading the tx fees every time, until Lightning is the only reasonable way.

Meanwhile BCC outlaws((segwit))), raises the roof to 8mb and will raise it higher as the market grows. It's faster and cheaper and you don't need to make arrangements for the jews' approval.

>>	Anonymous Fri Aug 25 00:56:55 2017 No.3201298 >>3199851 You missed a few points >hyperinflates in cycles every couple of days >gets dumped by miners switching back to BTC once difficulty adjusts up +300% every few days

>>	Anonymous Fri Aug 25 00:58:08 2017 No.3201305 >>3201210 geez anon, this BCC stuff sounds very anti-semitic. what becomes of the kikes if the banker monopoly is threatened? perhaps we can start a propaganda campaign against an invented enemy like miners or something ....

Anonymous Fri Aug 25 00:58:30 2017 No.3201310

>>3200985
>muh EDA stalling
This is literally only a problem while CoreCrap is still kicking around.
Once Bitcoin Cash becomes king there will be a fairly large incentive to mine while everyone else is waiting to reduce the difficulty....
The bock reward and about 8mb of tx worth of fees.

>>	Anonymous Fri Aug 25 01:09:23 2017 No.3201394 File: 34 KB, 464x275, Hitler.jpg [View same] [iqdb] [saucenao] [google] >>3201305 >what becomes of the kikes if the banker monopoly is threatened?

>>	Anonymous Fri Aug 25 01:10:16 2017 No.3201402 >>3201298 These are temporary things and the reason theyre possible is it's price and volume are being suppressed by censorship and dirty money. >>3201305 Kek'd

>>	Anonymous Fri Aug 25 01:23:24 2017 No.3201509 Made a post https://steemit.com/bitcoin/@hitlerdoge/most-economically-efficient-withdrawals-from-bittrex

>>	Anonymous Fri Aug 25 02:19:59 2017 No.3201867 >>3201509 NICE ANOTHER STEEMIT PERSON ON HERE IS THERE LOVE FOR STEEMIT ON HERE HELP WHY IS THERE NO 4CHAN ON STEEMIT LOVE THE FUCKING POST BRO

>>	Anonymous Fri Aug 25 02:31:10 2017 No.3201926 >>3200000

>>	Anonymous Fri Aug 25 02:34:50 2017 No.3201946 File: 61 KB, 640x480, FGOLD.jpg [View same] [iqdb] [saucenao] [google] How mach cost transaction of gold overseas and how long it go?

>>	Anonymous Fri Aug 25 02:42:37 2017 No.3201989 >>3199740 Name one coin that has a product and I will suck your dick

>>	Anonymous Fri Aug 25 02:44:04 2017 No.3201993 >>3201989 Digibyte has a minecraft server dude

>>	Anonymous Fri Aug 25 02:45:20 2017 No.3202002 >>3201989 Omise

>>	Anonymous Fri Aug 25 02:47:08 2017 No.3202010 >>3201989 SYSCOIN NAMECOIN https://github.com/zkv1v/tor_namecoin_dns_sock5

Anonymous Fri Aug 25 02:54:29 2017 No.3202040

>>3199321
>>3199292
>>3199326
crypto debit cards will be mainstream years before bitcoin as a direct means of payment will, and by then one would assume they should have fixed both transaction time and fees, so it really doesn't serve as any hindrance at all

>>	Anonymous Fri Aug 25 03:04:29 2017 No.3202076 >>3199706 what third party?

Anonymous Fri Aug 25 03:08:40 2017 No.3202108

>>3200908
bawww, how cute, a kiddie hipster that cant even figure out ether is a scam

to answer your question though, 90% of the value of money is in the network effect. the leftover 10% is itself 90%+ a function of transaction fees. so bitcoin cash > segwit bitcoin over time, but ethereum is not even a close contender to either.

>muh smart contracts

literally no use cases. pure hype. crypto 101 scamming

>>	Anonymous Fri Aug 25 03:23:10 2017 No.3202184 >>3202076 With LN you won't send BTC to the seller, you send them to LN who sends them to the seller (off the public ledger). But they'll do it in a way that feels like you're sending it directly.

>>	Anonymous Fri Aug 25 03:31:31 2017 No.3202230 >>3202184 is ln optional?

>>	Anonymous Fri Aug 25 03:31:56 2017 No.3202234 >>3200044 1) bitcoin literally still uses proof-of-work. 2) In a lightning transaction, either party can choose to end the lightning channel at any time and broadcast a regular btc transaction that finalizes it.

>>	Anonymous Fri Aug 25 03:35:44 2017 No.3202269 File: 110 KB, 499x641, IMG_3161.jpg [View same] [iqdb] [saucenao] [google] >>3200359 There were, especially one. People used to call him the Führer.

Anonymous Fri Aug 25 04:00:54 2017 No.3202429

>>3202234
Segwit well remove some period of work. LN will take the vast majority of transactions of the public ledger. But segwit won't actually happen, even though it could double and eventually quadruple current speeds. Because the jews are SUEING/patent trolling to keep it on Lightning only.

2.) You can take money out of the bank too, so what? You think the fact that they'll give it back is a favor?

Transactions are crushingly slow and expensive and bloodstream will benefit from this, because almost everything will move to LN.

Total central control when that happens. The already censor the discussion, manipulate price movement and invent enemies. (hurr chinks hurr miners)

BTC is a jewish psyop and a pyramid scheme, and Lighting is reserve banking. Bitcoin is the true king, and BCH is bitcoin.

>>	Anonymous Fri Aug 25 04:03:32 2017 No.3202437 >>3199851 Fuck off kike

>>	Anonymous Fri Aug 25 04:05:10 2017 No.3202444 >>3202437 You fuck off, and take your bilderberg coin.

Anonymous Fri Aug 25 04:06:05 2017 No.3202448

>>3202429
>But segwit won't actually happen, even though it could double and eventually quadruple current speeds. Because the jews are SUEING/patent trolling to keep it on Lightning only.
nothing in this has to do with reality

>2.) You can take money out of the bank too, so what? You think the fact that they'll give it back is a favor?
If you're trying to imply there's a risk they won't give it back: there's no counterparty risk to taking money out of a lightning channel. Even if you open a channel with a malicious person, they can't do anything to steal your money. At any time you can broadcast the pre-arranged closing transaction onto the blockchain to end the channel and get your money back out.

>jewish psyop
fucking larpers

>>	Anonymous Fri Aug 25 04:06:55 2017 No.3202453 >>3202429 not sure if this is FUD gone completely off the rails desperate, or a schizophrenic

>>	Anonymous Fri Aug 25 04:07:12 2017 No.3202456 >>3202444 I might listen to you guys if you all clearly wernt coached with the same script.

>>	Anonymous Fri Aug 25 04:39:16 2017 No.3202621 File: 298 KB, 1024x683, segshit.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Fri Aug 25 04:40:52 2017 No.3202629

>>3202453
>>3202456
Say something informed or go back to rebbit, Thymus shills.

>LN are centralized, private transaction channels
>the idea behind bitcoin was a decentralized open ledger, this isn't FUD you can look it up in 5 minutes.

Blockstream are working for bankers who want to own or destroy bitcoin.

>>	Anonymous Fri Aug 25 04:52:26 2017 No.3202694 Can't wait until bitcoin is no more.

>>	Anonymous Fri Aug 25 04:54:54 2017 No.3202701 >>3202453 This is what's coming out of the opinion factories that are informing this poor soul's ranting. I feel bad, but not that bad.

Anonymous Fri Aug 25 04:59:51 2017 No.3202729

>>3202448
>nothing in this has to do with reality
This is where the rumor began, decide for yourself if you think it's true. https://falkvinge.net/2017/05/01/blockstream-patents-segwit-makes-pieces-fall-place/

>If you're trying to imply there's a risk they won't give it back
Nope, I'm implying that ofc they'll give it back, it's yours.

Anonymous Fri Aug 25 05:07:57 2017 No.3202790

>>3202701
Bitcoin was designed as an open, buyer-to-seller, decentralized currency.

LN is buyer to LN to seller, and not on the public blockchain.

Gavin is right when he says this isn't Bitcoin.

Furthermore bitcoin (before yesterday) was a threat to central banks and the dollar, and they want it gone/ or theirs.

Ad hominems are the only argument your side has.

>>	Anonymous Fri Aug 25 05:19:38 2017 No.3202870 >>3200183 underrated

>>	Anonymous Fri Aug 25 06:29:49 2017 No.3203270 >>3199406 >>3199326 That's how it's supposed to work. >BTC grows in value as more and more people begin to pay attention and speculate >the more people get into bitcoin, the more stable it becomes >eventually it's stable enough to use as a currency

>>	Anonymous Fri Aug 25 06:54:09 2017 No.3203411 >>3203270 >pay 2k sats for a coffee plus 100k transfer fees cant wait

>>	Anonymous Fri Aug 25 07:01:39 2017 No.3203465 >>3203411 Why would it go down like that?

Anonymous Fri Aug 25 07:11:42 2017 No.3203551

>>3203270
>not how it was supposed to work

This was the idea behind BTC
>decentralized currency on open platform
>1 mb block limit to stop spammers
>elevate limit as needed to maintain transaction speed and keep costs reasonable
>BTC growth driven by what it can do. Not FOMO, hype and product ignorance.
>early investors prosper by recognizing a tech breakthrough which catches on because its useful.

What happened
>jew banking cartel sees a challenge to their business model
>buy out plebbit astroturf plebbit down vote and ban dissenters to create the appearance of universal consensus
>centralize bitcoin with Lightning, take transactions off the blockchain into fractional reserve side channels, using deception and the block limit as leverage
> Transactions become slow and expensive, Jews plot to make it slower outside their LN bank, more and more expensive for users, profit for cabal like other currencies.

>After killing what made bitcoin great, tell people this central bank is still bitcoin.

Bitcoin was driven by the idea of decentralized, open transactions. It's supposed to change the world literally, not get plebs rich who don't understand what it is.

BCH is bitcoin, it's decentralized, open platform, fast and cheap, all proofs maintained as always, identical system to bitcoin before the jews came.

Bitcoin is still the king, but BTC is not Bitcoin.

>>	Anonymous Fri Aug 25 07:12:50 2017 No.3203570 >>3199639 It was 5 a week ago, about 7 or 8 last night, probably be 15 in a week.

Anonymous Fri Aug 25 07:13:54 2017 No.3203580
File: 1.04 MB, 1162x9616, shoojewshoo.png [View same] [iqdb] [saucenao] [google]

>>3200344
>You think the group that comes into power after you kill the jews will be any less greedy?

LOL you got a lot to learn about the chosen ones.

Absofuckinglutely yes

>>	Anonymous Fri Aug 25 07:20:27 2017 No.3203638 >>3200078 >there can only be one coin in the end. it will be a variant of bitcoin lol yeah its called litecoin, I literally switched over to it because of the bitcoin fees, others have as well.

>>	Anonymous Fri Aug 25 07:21:47 2017 No.3203649 >>3199829 >File name: download.jpg > using meme arrow like this >Redditor type of post I think this is an elaborate bait post instead of a new friend.

>>	Anonymous Fri Aug 25 08:11:55 2017 No.3203967 >>3203551 Doesn't negate what I said though.

>>	Anonymous Fri Aug 25 08:14:05 2017 No.3203980 Its gonna be btc vs litecoin vs dgb. Screencap this for keks.

>>	Anonymous Fri Aug 25 08:34:06 2017 No.3204117 >>3201993 >Digibyte has a minecraft server dude You've got to be kidding... The one that isn't even running, you mean?

>>	Anonymous Fri Aug 25 08:59:24 2017 No.3204318 Yeah I just 9$ fee on my ledger & that was for a an "average speed tx". Took about 3 hours for one confirmation m.

>>	Anonymous Fri Aug 25 09:00:31 2017 No.3204327 >>3202108 >smart contracts have no use Ok dude this made me look you other posts just to see who is in the wrong in this thread

Anonymous Fri Aug 25 10:45:23 2017 No.3205228
File: 708 KB, 640x640, nothinkingallowed.png [View same] [iqdb] [saucenao] [google]

Listen you cockmongers.

Our shitty world economy will have sex with the future currency bitcoin and out will come beautiful small derivative babies that are secured by BTC.

You won't pay 15$ per transactions because banks and big boys will hold all the money and transactions in the MULTI BILLIONS will be done at the end of each day. A few transactions.

You will just go on and about like a normie non-coiner moron and use you new "BITCOIN-VISA" card.

Those who hold BITCOIN will be basically a part of it all.

This is in layman terms. You want to real version go study economics and cryptoeconomics.

>>	Anonymous Fri Aug 25 10:51:00 2017 No.3205282 >>3202729 You posted this yesterday. None of those patents are segwit. You don't know what segwit is. You are stupid.

Anonymous Fri Aug 25 10:51:42 2017 No.3205293
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>>3203580

Didn't it come to your pathetic Nazi minds that the people that have been chased and expelled from so many empires and nations over thousands years and are STILL IN POWER maybe in fact the chosen people?

Your hate blinds you.

Get salty or buy bitcoin and join the future elite.

>>	Anonymous Fri Aug 25 12:32:24 2017 No.3206284 >>3203638 segwit coins are not variants of bitcoins

>>	Anonymous Fri Aug 25 12:39:23 2017 No.3206341 >>3199406 >The entire volume is just people trading it back and forth to each other really made me think

>>	Anonymous Fri Aug 25 12:41:44 2017 No.3206355 >>3199467 >shitty segwit coin >literally the second longest blockchain okbud.jpg

>>	Anonymous Fri Aug 25 12:42:32 2017 No.3206365 >>3205228 not sure if you're a troll or retarded to think this is a good thing. or did you not understand the idea behind TRUSTLESS?

>>	Anonymous Fri Aug 25 12:43:08 2017 No.3206371 I sent out to transfers out of a shitcoin website with a $4 fee. They've been unconfirmed for over a day now. What do I do? How fucked am I?

>>	Anonymous Fri Aug 25 12:57:57 2017 No.3206524 >>3200183 >>>/pol/ fucking retard. you have to go back. srs.

>>	Anonymous Fri Aug 25 13:13:00 2017 No.3206675 >>3205228 The point of bitcoin was to avoid the banking cartel. Understand what bitcoin is before throwing out your worthless opinion

>>	Anonymous Fri Aug 25 13:14:38 2017 No.3206689 File: 31 KB, 1280x344, 1475154758594.png [View same] [iqdb] [saucenao] [google] If only there were a cryptocurrency with instant transactions and no fees. Oh wait...

Anonymous Fri Aug 25 13:22:04 2017 No.3206752

>>3199292
Back in 2011, it was like super cheap and quick to make transactions.

I remember being excited that it was a form of digital currency, low fees, no barriers to entry like normal payment gateways have. Like a paypal for everyone with no real fees. Money no bank can take from you, money protected from bank runs, protected from government seizure to prop up a failing system.

Bitcoin has been hijacked by Get Rich Quick ppl, corporations, and whales.

t. dinosaur

>>	Anonymous Fri Aug 25 13:22:49 2017 No.3206763 >>3202444 BCH is literally the hyperinflated usd 2.0, when will you rename it fedcoin you fucking kike? http://fork.lol/reward/inflation

>>	Anonymous Fri Aug 25 13:23:38 2017 No.3206776 >>3206763 >fixed supply >hyperinflating >price holding steady What this tells me is that the value of BCH is going to explode soon.

>>	Anonymous Fri Aug 25 13:24:27 2017 No.3206786 clunkiness adds to its value, makes it feel more like something physical and tangible that needs to be "transported" like gold

>>	Anonymous Fri Aug 25 13:30:06 2017 No.3206873 so you all lost the Lightning Network train? What you gonna do it your hackable centralized fraudulent shitcoin you lost your shiny bitcoin to?

>>	Anonymous Fri Aug 25 13:32:14 2017 No.3206927 idk but i'm pissed the fuck off. now I'm going to be forced to used this shitcoin to gamble with this year and I'm going to lose a thousand dollar in fees by the time the year is over. fucking bitcoin core cucks.

Anonymous Fri Aug 25 13:33:29 2017 No.3206945

i dont mind the cost tbqh

its just even by paying such a high fee, you still have to wait hours to get your coins transfered

i stopped using bitcoin to transfer my shekkels a long time ago, i just use ETH now, its so much faster

LTC is a bit quicker, but its easier to liquidate ETH, not to mention theres so many eth marketplaces and exchanges popping up now, so its just more convinient

>>	Anonymous Fri Aug 25 13:35:28 2017 No.3206969 >>3206763 >hyperinflated >0.005%

>>	Anonymous Fri Aug 25 13:44:10 2017 No.3207069 >>3201989 Signatum has a ebay-like marketplace already functional in beta. Also the amount of FUD on boards over SIGT is tremendous so you know it it will be huge.

>>	Anonymous Fri Aug 25 13:46:51 2017 No.3207095 >>3199977 Nice full house fellow goyim.

Anonymous Fri Aug 25 13:55:35 2017 No.3207177

i have no clue what any of you guys are talking about

>muh bilderbergers control bitcoin because of LN
literally wot?
Proof?

>muh high tx fees
its a couple of bucks to send thousands around

>muh long transaction times
the fuck? I just sent a bitcoin around today and it took like 30 minutes for the confirmation. people here are talking about 12h+ wtf???

is this board full with paid trolls now trying to take down btc or wtf is going on here?

>>	Anonymous Fri Aug 25 13:57:13 2017 No.3207197 File: 57 KB, 1855x577, file.png [View same] [iqdb] [saucenao] [google] >>3207177 even a cursory glance at the facts would show to anyone not blinded by greed that there is a problem

>>	Anonymous Fri Aug 25 13:57:30 2017 No.3207200 >>3207177 No one knows what will really happen when ln will be activated, everybody it's just going crazy over nothing.

Anonymous Fri Aug 25 13:58:55 2017 No.3207213

>>3207197

any links to edumucate myself?
i really have no idea what youre talking about
and this sounds like the same shit Ive been hearing about bitcoin for the last 6 months or so

>muh clogged up network
>muh high tx fees
>muh long tx times

absolute non-issue IMO but Id be happy to learn more

Anonymous Fri Aug 25 13:59:21 2017 No.3207215

>>3207200
it has less to do with segwit and more to do with the fact that we could have fixed bitcoin scaling 3 years ago by just bumping up the blocksize

instead we had to wait 3 years for segwit which itself relies on some yet-to-be-released second layer system to actually help the network

core just kicks the can down the road while btc loses marketshare every month

you don't even need to get into conspiracy theories to realize this

>>	Anonymous Fri Aug 25 14:00:01 2017 No.3207227 >>3207200 ah so its just the usual autistic screeching from biz then well carry on then lads

>>	Anonymous Fri Aug 25 14:00:52 2017 No.3207232 >>3207213 >absolute non-issue IMO but Id be happy to learn more Your anecdotal evidence doesn't trump factual evidence that the mempool and tx fees are growing daily. Meanwhile bitcoin market share continues to drop.

>>	Anonymous Fri Aug 25 14:03:34 2017 No.3207259 >>3207215 >>3207227 https://www.youtube.com/watch?v=8zVzw912wPo What about what they say in the first few minutes?

>>	Anonymous Fri Aug 25 14:07:15 2017 No.3207305 >>3202269 Yeah and look at what it happened to them.

Anonymous Fri Aug 25 14:07:38 2017 No.3207308

>>3207259
why not both? I know bitcoin can't scale to visa levels in its current implementation, but what is the correct route: allow bitcoin to function while you work on second-layer systems or cripple bitcoin so second-layer systems are the only answer? BCC is already addressing this using flextrans, which is a much leaner implementation of a Tx malleability fix

Anonymous Fri Aug 25 14:07:42 2017 No.3207309

>>3207232

>the mempool and tx fees are growing daily. Meanwhile bitcoin market share continues to drop.

Ive literally been hearing this shit for at least 6 months straight now
strangely enough it never seems to impact my own trades
and meanwhile bitcoin is still going up and I made a small fortune on it
are you guys sure youre not just a bunch of paid fudders or butthurt altcoin hodlers?

>>	Anonymous Fri Aug 25 14:09:16 2017 No.3207327 File: 89 KB, 1910x686, file.png [View same] [iqdb] [saucenao] [google] >>3207309 again, keep using your anecdotes while every piece of factual evidence says otherwise

Anonymous Fri Aug 25 14:11:12 2017 No.3207338

>>3207309
>>3207327
and again, your point is totally incongruent with the core philosophy

they aren't saying that Tx fees are "still low" (like what you are claiming), they are saying that Tx fees are still way TOO LOW. They see $100 Tx fees as a good thing.

>>	Anonymous Fri Aug 25 14:13:49 2017 No.3207355 >>3207338 sauce?

>>	Anonymous Fri Aug 25 14:15:58 2017 No.3207375 >>3207355 https://web.archive.org/web/20170328152300/https://www.reddit.com/r/Bitcoin/comments/61yvvv/request_to_core_devs_please_explain_your_vision/dficjhj/

>>	Anonymous Fri Aug 25 14:16:46 2017 No.3207383 >>3207355 The whole goal of segwit is to create another payment layer marketplace on top of btc. That market place will exist for the sole purpose of node operators to charge fees.

Anonymous Fri Aug 25 14:17:19 2017 No.3207388

Everyone complains about the kikes but it's the miner chinks who are playing everyone.

Pushing fees up with ShitWit is nothing but a bribe to miners so they can eventually channel all that money to themselves through LN.

Chinks just play along because they make money from the absurdly inflated fees, but keep BCH alive on the side to switch en masse when the blockstream idiots deploy LN.

The day LN drops you'll see the apocalypse, all the hashrate will move to BCH and I'm not even discounting the possibility of 51% attacks on BTC to squeeze the last dollar away from it.

>>	Anonymous Fri Aug 25 14:18:37 2017 No.3207403 >>3207308 I guess they think that everyone will be able to use only the ln, couldn't it be possible?

Anonymous Fri Aug 25 14:22:34 2017 No.3207438

>>3207403
do you really think that was the intention of bitcoin? to move 99% of transactions off the blockchain? and even if we do have to move some Txs off the blockchain, why can't we have a functional blockchain with big blocks AND second-layer systems?

The whole point of the blockchain was to give people the ability to safely store and transact their money. We have that solution now. It works. But now Core/Blockstream don't think that's good enough so we have to wait another 5 years for some second-layer system to be released. Meanwhile ethereum and other altcoins eat into bitcoin'd market share.

>>	Anonymous Fri Aug 25 14:35:52 2017 No.3207554 >>3207438 >But now Core/Blockstream don't think that's good enough They have worked on it, maybe they are right who knows? If it's a bad decisions the market will react, if it works good for us.

Anonymous Fri Aug 25 14:37:40 2017 No.3207573
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>>3205293
>Fuck up a country
>Get expelled
>Go to other countries to fuck them up
>After a few generations come back to previously expelled countries
>Repeat the cycle and profit every time

Humans are naturally more inclined to work together to achieve a goal. This is in our genes. Semitic genes are inclined to leech of others success.
Parasitic =/= Being chosen

Anonymous Fri Aug 25 14:45:11 2017 No.3207618
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>>3207554
>If it's a bad decisions the market will react

It IS reacting!

How do you guys ignore all the facts in front of you? The price keeps going up so bitcoin must be strong and healthy, right!!!? Everyone is blinded by greed.

>>	Anonymous Fri Aug 25 14:57:42 2017 No.3207712 >>3207618 How do you relate that to a thing that will be activated in november? And how the market could react to something totally new that no one knows if it will turn out to be good or bad?

>>	Anonymous Fri Aug 25 14:59:48 2017 No.3207736 >>3207712 *could react at that time

Anonymous Fri Aug 25 15:01:48 2017 No.3207752

>>3207712
do you even have the faintest idea what you are talking about? Segwit is already active. The November drama is whether or not the miners will follow through on the second part of the agreement and move to 2MB blocks against bitcoin core developers wishes

Anonymous Fri Aug 25 15:07:15 2017 No.3207797
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>>3199292
actually to send $ between exchanges I fucking user LTC/DGB - depends on actual value, sometimes I even send DGB got in in next 10 minutes and sell with profit.

BTC is nice but not to fucking send it between exchanges

>>	Anonymous Fri Aug 25 15:07:55 2017 No.3207806 >>3207797 DGB?

>>	Anonymous Fri Aug 25 15:07:56 2017 No.3207807 >>3199406 >The entire volume is just people trading it back and forth to each other. So people don't use it by actually using it ?

>>	Anonymous Fri Aug 25 15:09:19 2017 No.3207818 >>3207806 yep fees are 0.1 DGB so like non existing and is super fast

>>	Anonymous Fri Aug 25 15:09:59 2017 No.3207821 >>3207818 not a bad idea desu

>>	Anonymous Fri Aug 25 15:16:10 2017 No.3207866 >>3207752 Won't the ln be ready for november?

>>	Anonymous Fri Aug 25 15:17:19 2017 No.3207880 How many of you are older than 16 and know what you're talking about? Listened to an interview with a core dev or big blocker? Read their writings? Just curious.

>>	Anonymous Fri Aug 25 15:34:02 2017 No.3208023 >>3207880 22 year old here and I don't know what's going on. I just listen to /biz/ and whale discords and invest accordingly

>>	Anonymous Fri Aug 25 15:36:15 2017 No.3208046 >>3208023 27 year old same i just go on biz and dont even know what a block chain is. i have made about 1,500 dollars so far

>>	Anonymous Fri Aug 25 15:39:49 2017 No.3208083 >>3199326 i bought a steam game with bitcoin the other day

>>	Anonymous Fri Aug 25 15:49:23 2017 No.3208185 >>3201989 BAT will be integrated into the near fully functional Brave browser which is fast as fuck and offers more privacy than any clearnet browser available.

>>	Anonymous Fri Aug 25 15:51:26 2017 No.3208206 File: 18 KB, 512x512, 2345235.png [View same] [iqdb] [saucenao] [google] >>3199292 >a challenger appears

>>	Anonymous Fri Aug 25 16:04:30 2017 No.3208336 >>3199292 It's proven people value as higher quality brands which cost a lot.

>>	Anonymous Fri Aug 25 16:10:25 2017 No.3208382 Held my BCC, and sold my BTC @ 4300 for XMR. Been working out well. If BCC gets btfo who cares, it was free money anyway. If BTC loses who cares, I sold it. Doubt XMR will lose in this fight though, so my ass is covered.

>>	Anonymous Fri Aug 25 16:15:12 2017 No.3208428 >>3199921 >>3199977 >>3202790 >What is a Central Bank? Holy fuck you're eating your own diarrhea and calling it thinking

>>	Anonymous Fri Aug 25 16:16:23 2017 No.3208439 File: 19 KB, 530x492, water.png [View same] [iqdb] [saucenao] [google] >>3208428 Not an argument

>>	Anonymous Fri Aug 25 16:16:34 2017 No.3208441 >>3201989 I'm glad no one said Neo.

>>	Anonymous Fri Aug 25 16:19:26 2017 No.3208473 >>3201402 >Chink >Complaining about censorship and dirty money

>>	Anonymous Fri Aug 25 16:30:12 2017 No.3208588 >>3208439 How can a hub be central? Daft fuck.

>>	Anonymous Fri Aug 25 16:49:32 2017 No.3208791 >>3208588 >How can a hub be central? by being a hub?

>>	Anonymous Fri Aug 25 16:53:19 2017 No.3208836 >>3208791 That then feeds into the central chain? Don't think so mate. The only way they get to control the central chain is if you SELL THEM YOUR BITCOIN.

>>	Anonymous Fri Aug 25 16:57:51 2017 No.3208880 >>3208083 What game? Prepeare to be called a pleb.

>>	Anonymous Fri Aug 25 16:58:25 2017 No.3208885 >>3208836 yeah I am not really following the conversation here, just pointing out the fact that a HUB is centralized by definition. I really don't want bitcoin to turn into another centralized currency, I really want humanity to be free

Anonymous Fri Aug 25 16:58:51 2017 No.3208887

>>3208836

I think you're a bit dense bud, sorry to tell you. That the entire idea behind making on-chain transactions is to essentially force you not to use your bitcoin, ever.

You'll be forced on the (((lightning network))) to make cheap transactions via a 3rd party.

Anonymous Fri Aug 25 17:02:47 2017 No.3208924

read this, and understand why BCC is a scam and why most "criticisms" (really, the verbal expression of types who flop around helplessly in the wind, and thus say one thing one day and another the next depending on whichever voice seems most convincing to them at the time) of BTC are either retarded (wrong *and* stupid) or simply irrelevant.

http://trilema.com/2015/lets-address-some-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/

Failure to understand, does not constitute a reality where the other is wrong simply for your lack of understanding. Nor is this up for debate. I don't really care if you lose your money, it is a popular but completely wrong belief that BTC is for everyone. It is not, and if you do not understand, especially after being told, it is certainly not for you.

Anonymous Fri Aug 25 17:06:13 2017 No.3208949
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>>3208924
>wrong belief that BTC is for everyone

You do realize bitcoin survives because of small transaction sent by regular people, right? If people don't use the coin, it doesn't have any value.

>>	Anonymous Fri Aug 25 17:06:34 2017 No.3208951 File: 15 KB, 332x443, 1478304736100.jpg [View same] [iqdb] [saucenao] [google] Is there actually anything in the horizon that would decrease transaction fees? I have to admit that they are a bit absurd at the moment.

Anonymous Fri Aug 25 17:07:37 2017 No.3208962

>>3208887
>That the entire idea behind making on-chain transactions is to essentially force you not to use your bitcoin, ever.

Retarded.

Cheap transactions on a massive scale, far bigger than 8x can provide - enough to let us compete with Visa, which BCH won't even get us close to. But does hand everything over to China, who want you to stay poor.

So stay poor.

Anonymous Fri Aug 25 17:08:53 2017 No.3208973

>>3208887

making on-chain transactions expensive*

Let me expand on that. The only way to really do that is to shrink the blocksize or maintain it at 1mb which is why (((blockstream))) continue to fight against a blocksize increase.

We're not talking about a $100 on-chain transaction, we're talking about single on-chain transactions that cost thousands or tens-of-thousands of dollars.

You'll never actually use your bitcoin again, it will be completely controlled by whoever your payment processor of choice will be.

Stop being fucking idiots, dump your (((bitcoin))) and buy Bitcoin Cash.

>>	Anonymous Fri Aug 25 17:10:20 2017 No.3208986 https://thecoin.blog/blog/post/bitcoin-the-conspiracy Check this out. It's worth a read

>>	Anonymous Fri Aug 25 17:11:54 2017 No.3209002 >>3207375 i dont see anything in there about them wanting to raise tx price to $100 seems like more baseless FUD from butthurt shitcoin hodlers

Anonymous Fri Aug 25 17:11:54 2017 No.3209003

>>3208962

You're clearly a paid shill or grossly misinformed. Bitcoin Cash will have a similar second-layer system for handling microtransactions and you won't be forced to use it. Look up flextrans for more information, along with that, you may be surprised to know that the lightning network doesn't actually need segwit.

It sure as fuck doesn't need to maintain 1mb blocks either.

Anonymous Fri Aug 25 17:13:07 2017 No.3209016

>>3208951
Dont worry goy, the """LIGHTNING NETWORK""" will decrease transaction fees by 2020. Youll just have to prepay a larger amount to LN ahead of time to make your offchain transaction, or you can apply for a line of credit to make LN transactions that youll need to settle in the future. I hope you have good credit!

Anonymous Fri Aug 25 17:13:48 2017 No.3209026

>>3208949

No, that is not how it works. Bitcoin is not for you, stupid.

Does gold cease to be valuable despite the fact the average person has no immediate use for it, nor, in all likelihood, ever use it in their lives?

On the other hand, if *everyone* had ample amounts of gold, it would very quickly cease to be of much value at all.

> bitcoin survives because of the small transacation

I could go to a length to demonstrate why you are both wrong and stupid, but then...

bitcoin is not for you.

>>	Anonymous Fri Aug 25 17:14:46 2017 No.3209039 >decentralised >Mined by Jihan

>>	Anonymous Fri Aug 25 17:15:55 2017 No.3209056 File: 660 KB, 1106x1012, pepepepe.png [View same] [iqdb] [saucenao] [google] >>3209026 >Bitcoin is gold argument

Anonymous Fri Aug 25 17:18:11 2017 No.3209083

>>3209026

Hey I have some very rare and expensive finger nails to sell you, trust me goy, they're as good as GOLD.

Fuck off moron, Gold has intrinsic value because it looks pretty and is universally accepted to have value. Some bits on a computer will never have any sort of fucking value unless it is used as a currency.

Digital fucking gold my arse. Just because it's rare doesn't mean it's valuable, it MUST be useful.

>>	Anonymous Fri Aug 25 17:19:38 2017 No.3209100 >>3199339 he is from future, its 15dollars in 2085 (cca 5 cents today)

>>	Anonymous Fri Aug 25 17:21:30 2017 No.3209110 >>3209083 gold value comes from the fact that it dosen't degrade over time, not because it's pretty, dumbfuck bitcoin dosen't degrade over time either

>>	Anonymous Fri Aug 25 17:22:27 2017 No.3209119 >>3208951 Not really. This was the plan all along, it was years ago already when the Bitcoin Core team started arguing in favor of high fees.

>>	Anonymous Fri Aug 25 17:22:49 2017 No.3209123 >>3209083 >Gold has intrinsic value because it looks pretty and is universally accepted to have value. Special. "Gold has value because it has value."

>>	Anonymous Fri Aug 25 17:23:57 2017 No.3209132 FUCK IT i should just dump it all into eth

>>	Anonymous Fri Aug 25 17:24:32 2017 No.3209142 the only reason LTC doesn't suck is because it doesn't have a LTC Jihan yet

>>	Anonymous Fri Aug 25 17:26:25 2017 No.3209163 All this talk about people trying to control blockchains really leaves a sour taste in my mouth Now I understand the skepticism against bankers. Is there no way out? Litecoin? Salt? ZRX?

>>	Anonymous Fri Aug 25 17:26:30 2017 No.3209165 >>3209132 HODL both chains. Even if you believe in one. You want to profit, not be morally right.

Anonymous Fri Aug 25 17:29:49 2017 No.3209197

>>3209083

> intrinsic value

in so far as its a useful metal for select engineering and medical applications, sure. But as far as usefulness to the every day joe scho, there are a great deal many things that are more relative and *useful* to their lives, that are not as valued as gold. Including your suitably moronic example of finger nails.

And bitcoin too, has intrinsic value, irrespective of whether you are too stupid to realize it. Contrary to your retarded upbringing, your opinion is not relevant to what something is or isnt valued in reality, why? Because *you* are irrelevant.

> d is universally accepted to have value

Like bitcoin then? The single most exhausting experience in my life is talking to idiots like you who think they are intelligent simply because they can put words onto the internet. Fuck off, this is not for you, and that is also why you will lose your money - not just in "crypto" but in general.

>>	Anonymous Fri Aug 25 17:29:56 2017 No.3209198 >>3209123 Gold is rare, its pretty, and useful. Bitcoin is a couple of bits on a computer, it derives it's value from its artificial scarcity and usefulness. If it is no longer useful, it has no value. Special.

>>	Anonymous Fri Aug 25 17:32:50 2017 No.3209250 >>3202790 >>3203551 Someone pls tell me this is wrong This shit is scaring me

Anonymous Fri Aug 25 17:34:20 2017 No.3209266

>>3209197
>suitably moronic example of finger nails
I also have some non-bitcoin bits on my computer for sale.

Your personal attacks focus solely on my intellect and not the contents of my arguments therefore you don't have any fucking arguments.

As I already stated, Bitcoin's intrinsic value is proportional only to it's usefulness.

Fuck off you fucking pathetic kike shill.

>>	Anonymous Fri Aug 25 17:35:26 2017 No.3209273 >>3209197 Calm down You know how many normies I've had tell me Crypto is monopoly money?? You are right, they are and will forever live "within their means" and never make it.

Anonymous Fri Aug 25 17:36:31 2017 No.3209289

>>3209198
Special.

Bitcoin is on a "Blockchain," you might want to look that up and have a think about it. It's not a couple of bits on a computer. It's a spacetime-biased global decentralised clock, and almost anything else you want it to be. It's incredibly useful to a ridiculous degree.

Gold isn't that useful, it's only use is electronics, which is a tiny proportion of its total value. If you owned all the gold in the world, you could sit it in a room and polish it, and that's it.

You don't buy the gold. You buy the farmland. And we won't be buying it via Jihan Wu.

Anonymous Fri Aug 25 17:36:56 2017 No.3209290

>>3200326
this ignores the fact that credit cards charge the merchants a % fee of the transaction. the customer pays none and is rewarded with points because the costs are offloaded to the merchant by the companies.

with btc even if the transaction fee is $0.30, that will be HUGE savings for merchants and to a lesser extent, consumers if they pass on the savings.

>>	Anonymous Fri Aug 25 17:36:57 2017 No.3209291 >>3199292 Are these transactions to send bitcoin or transactions to mine or what?

Anonymous Fri Aug 25 17:39:32 2017 No.3209326
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>>3209250
Basically both posts are correct as fuck.
BCH IS the real Bitcoin, apart from one thing, the EDA (emergency difficulty adjuster) which makes it exploitable by miners. Without the EDA, BCH would be the real Bitcoin, but because of it BTC+BCH are a double toxic asset that work off each other, so you should just buy ETH. If BTC is king, ETH is God.

Anonymous Fri Aug 25 17:39:39 2017 No.3209327

>>3209266
>Your personal attacks focus solely on my intellect and not the contents of my arguments therefore you don't have any fucking arguments.

It is not an argument; you are stupid. I.e the state of being stupid.

It is a factual observation, and your intellect and your importance is relevant to how much I care to carry you, which is to say: not at all. Which is why this ends here.

Bitcoin is not for you.

Anonymous Fri Aug 25 17:42:38 2017 No.3209376

>>3209289

I'm well aware of what a blockchain is, are you? What is your argument? You haven't countered anything I've said except to personally attack me.

Special.

Additionally I don't understand this link to Jihan Wu, what has he got to do with the decentralised nature of Bitcoin (Cash) with the obvious exception of being 1 of the miners (a small miner comparatively as well)?

Is it some vain attempt to assert your mistaken belief that Bitcoin (Cash) is somehow centralised? It is not, you can view the current miners here;

https://cash.coin.dance/blocks

>>	Anonymous Fri Aug 25 17:44:24 2017 No.3209391 >>3209327 Why do you keep stating Bitcoin is not for me? I own Bitcoin, I utilise Bitcoin and I will continue to own and use Bitcoin (Cash) Legacy Bitcoin on the other hand, is worthless.

>>	Anonymous Fri Aug 25 17:45:33 2017 No.3209403 >>3199292 Yes. Intelligent people who know what they're doing can easily defend it and realise that short term noise is what will wipe out a lot of noobs.

Anonymous Fri Aug 25 17:45:46 2017 No.3209406

>>3209376
I've countered many things. In that particular post, it's the notion that Gold gets its value from being "useful," which is so spectacularly retarded it's off the spectrum.

Also I note you cry if someone calls you names but still call names :-(

4chan is not for you.

>>	Anonymous Fri Aug 25 17:46:20 2017 No.3209416 >>3209002 what do you think would happen if the blocks were 300kb?

>>	Anonymous Fri Aug 25 17:47:01 2017 No.3209428 >>3209391 Just buy ETH. I hate to say it, but BTC is obsolete now.

>>	Anonymous Fri Aug 25 17:47:24 2017 No.3209435 >>3209391 Hey Roger. Saw that interview of yours. How's that lying working out?

Anonymous Fri Aug 25 17:48:18 2017 No.3209446

>>3209406

I think you may need a little assistance with your research and maybe a bit more with comprehension then.

But I suspect you are part of the paid shillers in full force at the moment. So I won't be replying anymore because I have better things to do than have a one-sided debate a wall.

>>	Anonymous Fri Aug 25 17:50:01 2017 No.3209464 >>3209435 You clearly did not note I'm using Australian English and obviously I'm completely unaffiliated with Roger Ver. Nice try though, champ.

>>	Anonymous Fri Aug 25 17:50:20 2017 No.3209469 >>3209391 Well said, mind if I use that?

>>	Anonymous Fri Aug 25 17:54:24 2017 No.3209502 >IOTA zero fee

>>	Anonymous Fri Aug 25 18:03:49 2017 No.3209594 >>3209391 >>3209446 >I can't explain my retarded notions because you're a shill!!!!!! >I'm all in on BCH! Shill detected.

>>	Anonymous Fri Aug 25 18:37:41 2017 No.3209891 >>3209326 Learned more from this image than I learned on biz in the last month

>>	Anonymous Fri Aug 25 18:41:53 2017 No.3209933 >>3199836 LN is trustless brainless. Good luck shilling for your bitmain overlords.

Anonymous Fri Aug 25 18:47:20 2017 No.3209990

>>3209594
He already explained himself search my ID.
>bitcoin's value drives from it's usefulness as a currency

That's his point. If he's right, and he is, then the fees and wait times are killing it's value.

Instead of solving the cost and time issues with bigger blocks, btc uses the small block problem to leverage users into the Lightning Reserve.

>>3209933
LN is third party fractional reserve.

>>	Anonymous Fri Aug 25 18:49:09 2017 No.3210012 >>3209933 So why even use bitcoin then? Why not just use a p2p torrent-like system instead (i.e. iota?)

Anonymous Fri Aug 25 18:58:02 2017 No.3210095

>>3209990
He was arguing against the "Bitcoin is gold" argument by talking about the usefulness (undefined) of gold. At one point he said "gold is useful because it's useful." It's lunacy.

Gold really is nowhere near as useful as its value. Bitcoin on the other hand, you can do everything you can do financially with gold, plus encode it on a piece of fucking paper and take it anywhere in the world. It's more than a currency. And that's before you get into the blockchain.

Jesus, Nick Szabo, who is Satoshi or at the very least did most of the groundwork, described it as Digital Gold.

But some tosser who's all-in on Bitcoin Cash knows better.

>>	Anonymous Fri Aug 25 19:05:33 2017 No.3210147 >>3210095 The important thing between gold and BTC is gold is physical. If the blockchain is down and internet isn't accessible bitcoin is completely useless. Real value is in physical assets and always will be

>>	Anonymous Fri Aug 25 19:07:24 2017 No.3210165 >>3210147 If the internet is inaccessible to that degree, gold is useless too. You can't sterilise water with it. What we need is digital shotguns and digital canned food.

>>	Anonymous Fri Aug 25 19:16:09 2017 No.3210253 >>3210095 fuck off with your i-like-banks cunt. go shill somewhere else.

>>	Anonymous Fri Aug 25 19:25:05 2017 No.3210337 File: 1.39 MB, 200x150, 1445578654966.gif [View same] [iqdb] [saucenao] [google] >>3210147 >If the blockchain is down and internet isn't accessible bitcoin is completely useless.

Anonymous Fri Aug 25 19:25:07 2017 No.3210339
File: 76 KB, 1024x686, bubble.jpg [View same] [iqdb] [saucenao] [google]

>>3210253

Bitcoin will control the banks. We will control the Bitcoin.

Look at the price. That's despite the transaction times. You know the graph they post of a bubble? If we don't fuck this up we can enter INSTITUTIONAL INVESTOR PHASE.

If we fuck off to Chinacoin we can enjoy the next phase: Denial.

>>	Anonymous Fri Aug 25 19:26:35 2017 No.3210357 >>3210253 Also reminder I'm hodling both chains.

>>	Anonymous Fri Aug 25 19:27:14 2017 No.3210366 >>3202040 Kinda banking on this.

Anonymous Fri Aug 25 19:28:53 2017 No.3210379

>>3210095
Gold is a store of value that can't trade electronically. Bitcoin is/was a peer to peer currency that only works electronically, and does/used to do this better than anyone before the block limit got in the way.

Apples and oranges.

The only man satoshi talked to says Craig is Satoshi.

>or at the very least did most of the groundwork
This is nonsense, if he isn't satoshi he didn't do most of the groundwork.

>>	Anonymous Fri Aug 25 19:32:17 2017 No.3210407 >>3210339 Thanks anon..

Anonymous Fri Aug 25 19:34:12 2017 No.3210433

>>3210339
>Bitcoin will control the banks. We will control the Bitcoin.
The only way this happens is with BCH, the true bitcoin.

BTC is already controlled by the banks, they're keeping the block limit down to monopolize the traffic, everything will go through LN and they'll be able to Jack up the subscription fee and add others.

You don't even control your channels on plebbit you're puppets.

Anonymous Fri Aug 25 19:35:29 2017 No.3210445

>>3210147
Haven't heard of the blockstream satellite moron?
>b-b-but what if the satellite is down?
>w-w-what if your smartphone has nor more battery?
shut up cunt.
>Real value is in physical assets and always will be
So everything on the internet has no value, retard?
Do you know why jews got their physical assets stolen by the nazis? because they couldn't flee with them. If they could have put their fortune into bitcoin, their fortune wouldn't have been stolen. Same with anybody who need to protect his assets from a government.
You're a retard.

Anonymous Fri Aug 25 19:36:54 2017 No.3210455

>>3210433
if you don't like LN, don't use it. nobody is forcing you to. BTC can still be transacted without LN, it just won't be as fast as a LN transaction.

it's like physical cash, you can make all your purchases with it but it's really not convenient.

>>	Anonymous Fri Aug 25 19:37:41 2017 No.3210462 File: 613 KB, 498x498, 1503164438261.gif [View same] [iqdb] [saucenao] [google] Where were you when normies and nu coiners gave BTC to the banks?

>>	Anonymous Fri Aug 25 19:40:05 2017 No.3210478 >>3210379 >The only man satoshi talked to says Craig is Satoshi. Anybody who gives credit to Craig the schizophrenic moron can only be a fucking retard, which you are.

>>	Anonymous Fri Aug 25 19:40:05 2017 No.3210479 >>3203551 right on, right on, right on.

Anonymous Fri Aug 25 19:41:43 2017 No.3210495

>>3210379

>What was BitGold
>Who said they were working on Digital Gold months before the Bitcoin White Paper came out
>What does Satoshi call Bitcoin? (Digital Gold!)

Szabo at the very least wrote the White Paper, and plenty of his work previously is almost exactly integrated into Bitcoin.

Craig Wright on the other hand is Australian.
You've been shilled.

>>	Anonymous Fri Aug 25 19:43:14 2017 No.3210513 >>3210379 unenumeratedDOTblogspotDOTcoDOTuk/2008/04/bit-gold-markets.html From Szabo's blog. In 2008.

>>	Anonymous Fri Aug 25 19:43:29 2017 No.3210520 >>3210455 > If you don't like LN, pay more and more for every transaction because the LN Jews are keeping the limit impossibly low, to use as a weapon against decentralized Bitcoin (which is the only bitcoin) >if you don't like LN, just use Visa goyim

>>	Anonymous Fri Aug 25 19:44:31 2017 No.3210530 >>3210495 the fact that bit gold wasn't mentioned in the white paper is a big tell that szabo wrote the whitepaper.

>>	Anonymous Fri Aug 25 19:45:19 2017 No.3210539 >>3201989 Monero. The only useful crypto, literally.

>>	Anonymous Fri Aug 25 19:45:56 2017 No.3210548 >>3210478 So Gavin is a fucking retard, everyone who won't use your (((credit card))) is a retard

>>	Anonymous Fri Aug 25 19:46:36 2017 No.3210552 File: 157 KB, 567x567, poltards.jpg [View same] [iqdb] [saucenao] [google] >>3210520

Anonymous Fri Aug 25 19:47:43 2017 No.3210564

>>3210520

how do you know they will be 'keeping the limit impossibly low'? it hasn't even been setup yet and you're using make believe scenarios as criticism.

if you don't like LN, don't use it, you have a choice. you can still transact with bitcoin without it.

>>	Anonymous Fri Aug 25 19:51:38 2017 No.3210613 >>3210548 gavin is just playing dumb and said this to befriend the madman, his role is to gather intel about what's going on with the bigger block retards.

>>	Anonymous Fri Aug 25 20:00:03 2017 No.3210687 >>3210564 Because it already use, kek you don't even know what I'm talking about. THE BLOCK LIMIT, IF YOU DON'T WANT TO USE THE LN CREDIT CARD >>3210613 >tinfoil jew

>>	Anonymous Fri Aug 25 20:02:33 2017 No.3210701 >>3210687 you're right i don't know what you are talking about because you aren't making any sense. you are using obscure talking points and dismissing my criticism of your belief.

>>	Anonymous Fri Aug 25 20:03:00 2017 No.3210705 File: 10 KB, 234x215, images.jpg [View same] [iqdb] [saucenao] [google] >>3210552 Chinks and miners are the Muslims in cryptoworld. A fake enemy for Jews to incite you against.

>>	Anonymous Fri Aug 25 20:06:45 2017 No.3210738 >>3210701 LN is a third party private channel through which you can transact for a (((subscription fee))) not dissimilar to a credit cards annual/anal fee. If you want peer to peer, pay up whitey. Pay more and more.

>>	Anonymous Fri Aug 25 20:08:17 2017 No.3210752 >>3210738 If you think per transaction fees are high now, wait until LN gets most of the market.

Anonymous Fri Aug 25 20:09:47 2017 No.3210760

>>3210705
"A fake enemy"
>great firewall to keep the population brainwashed
>VPN will now be forbidden
I wonder what could go wrong for bitcoin if we let the chinks control the majority of the miners. USA is far from perfect but at least freedom of speech exist there, chingchong.

>>	Anonymous Fri Aug 25 20:11:47 2017 No.3210776 >>3210738 yes i know that, but you aren't forced to join a LN to use bitcoin, it's optional. bitcoin still works without a LN and it has a transaction fee, that's not out of the ordinary.

>>	Anonymous Fri Aug 25 20:13:15 2017 No.3210787 >>3210752 well, I can't see into the future so time will tell. for now, as long as LN is an optional service i have no problems with it. it's choice.

>>	Anonymous Fri Aug 25 20:13:49 2017 No.3210790 >>3208924 read your link and am now discarding all your opinions.

Anonymous Fri Aug 25 20:15:07 2017 No.3210796

in case you are late to the party, the BCH position is basically the goebbels doctrine of tell a big enough lie and say it enough times and (hopefully) people will believe it

This doesn't actually work in the case of bitcoin, because the beliefs of idiots are irrelevant to physical reality, much as their belief that bitcoin was only for people who buy drugs and kiddie porn was irrelevant to its growing value. Most of those are the same people who are now pretending to be experts having read some redditard propaganda.

Bitcoin is, and will be, while BCH is not, and soon, won't - at all.

>>	Anonymous Fri Aug 25 20:17:25 2017 No.3210823 >>3209165 it is better to fight for right than to abandon your principles for fiat.

>>	Anonymous Fri Aug 25 20:21:37 2017 No.3210859 >>3210823 I'm not interested in fiat. I am however pissed off that EDA of BCH gives BTC cancer. And then there's Segwit2x. I don't think Jihan will move in a big way till after that.

>>	Anonymous Fri Aug 25 20:25:29 2017 No.3210899 >>3210796 >because the beliefs of idiots are irrelevant to physical reality Fairly certain globalist filth literally controlling bitcoin is very relevant to physical reality. But I guess thats just how its gotta be if bitcoin is to reach six figures...

>>	Anonymous Fri Aug 25 20:28:27 2017 No.3210925 >>3210859 In fact I think when Segwit2x is activated the miners of that will dump both BCH and BTC. And you'll all forget that someone called you names today.

>>	Anonymous Fri Aug 25 20:30:06 2017 No.3210945 >>3210925 And this is why we HODL EVERY COIN and don't go all-in on one like a fucking retard that thinks shiny=useful

Anonymous Fri Aug 25 20:30:59 2017 No.3210955

>>3210776
BTC no longer functions as a currency with the 1mb ceiling, when you pay 5$ fee for buying a one dollar coffee. $5 and rising.

1MB bitcoin is strictly buy and hold, and this is not what bitcoin was made for. It's become an investment rather than a currency.

>>3210776
>you aren't forced to join a LN to use bitcoin, it's optional

LN is a credit card structure, and it isn't optical, if you want to buy everyday things with btc, the per-transaction fees @1mb are 1000x too high.

LN is how the bankers turn BTC into another credit card they get their cut from.

>>3210760
>((muddying the waters)))
I'm American, kike.

Anonymous Fri Aug 25 20:38:00 2017 No.3211014

>>3210955
that's why the LN is needed to handle small transactions. BTC is too slow in comparison to credit cards to function at today's pace.

>>3210955
LN is optional, if you want the faster transaction times comparable to credit cards. if i want to transfer 10k-20k across borders in a few hours or if i don't mind waiting longer for my confirmations, i can still use BTC the same way i use it now.. the point is i have a choice to use it the way i want to.

credit card companies charge a few % of every purchase to the merchant. if LN can offer merchants the same speed as credit card companies and reduce the banks interchange rates, it's a win for everyone.

>>	Anonymous Fri Aug 25 20:40:58 2017 No.3211035 https://thecoin.blog/blog/post/bitcoin-the-conspiracy Mandatory reading for biz

>>	Anonymous Fri Aug 25 20:43:20 2017 No.3211053 File: 46 KB, 304x279, 147824220.png [View same] [iqdb] [saucenao] [google] Actually BCH is just Qualitative Easing since BTC had limited supply. It's especially important if BTC is to become NWO currency.

>>	Anonymous Fri Aug 25 21:19:34 2017 No.3211343 >>3211014 >If you want to buy things with BTC then use LN bank, we'll do it for you > win for everyone NOT FOR PEOPLE WHO WANT PEER TO PEER TRANSACTIONS IT'S A WIN FOR THE BANKS LN: centralized, off-chain transactions

>>	Anonymous Fri Aug 25 21:45:47 2017 No.3211598 >>3211343 Don't use it if you don't like it. It's not stopping you from doing what you can currently do anyway. It allows you to do something new. And brings investors in.

Anonymous Fri Aug 25 21:45:50 2017 No.3211600
File: 83 KB, 960x934, 1497836972009.jpg [View same] [iqdb] [saucenao] [google]

Guys, this thread is too big and messy, where can i learn deeply about coins and why bitcoin is changing for the worse?
In my low knowledge i would think that bitcoin still has years to go due to it's well established role as international money transfer and growing adoption by the real world. I need to know more.

>>	Anonymous Fri Aug 25 21:49:34 2017 No.3211642 >>3211598 >It's not stopping you from doing what you can currently do anyway. Like transact for a reasonable fee? There's literally no reason to use btc to move money around now

>>	Anonymous Fri Aug 25 21:50:17 2017 No.3211649 >>3211600 https://thecoin.blog/blog/post/bitcoin-the-conspiracy

>>	Anonymous Fri Aug 25 21:50:41 2017 No.3211654 >>3209016 >hurr durr LN is not ready for yeara hurr durr The Ligthning Network is literally almost ready. Some altcoins are literally adopting it RIGHT FUCKING NOW.

>>	Anonymous Fri Aug 25 21:51:31 2017 No.3211660 So is it time inbest in btc or hedge ?

Anonymous Fri Aug 25 21:56:09 2017 No.3211698

>>3199326
This. Bitcoin is digital gold. No one really spends gold, they just use it as a hedge against the dollar.

Honestly, Bitcoin is becoming shit. It's not worth 4k+ at all. Anyone who adamantly defends Bitcoin and all the insane drama is most likely a miner.

I know a miner who has made incredible money from Bitcoin since he started mining years ago. He not only thinks Bitcoin is the best thing ever but he physically gets pissed if you bring up other altcoins. Almost as if he is trying to defend his wealth and fud any competition away...

There is one winner with Bitcoin and it's the miners. So much for decentralization.

Monero, iota, Eth, and a couple other top coins will be the future. Bitcoin is just a hedge and way too fucking overvalued right now.

>>	Anonymous Fri Aug 25 21:56:29 2017 No.3211701 >>3210899 >someone makes a good argument >b-but muh Illuminati This is why it is not only impossible but useless discussing with cashcucks. You niggers don't live in reality

>>	Anonymous Fri Aug 25 21:59:09 2017 No.3211727 >>3211701 >good argument it was 100% incoherent rambling

>>	Anonymous Fri Aug 25 22:05:39 2017 No.3211784 >>3211698 >Bitcoin is digital gold. Centralized Bitcoin is digital pyrite. >No one really spends gold, they just use it as a hedge against the dollar. You don't know what Bitcoin was, newfag.

>>	Anonymous Fri Aug 25 22:06:34 2017 No.3211790 >>3211701 I was agreeing with him you dumb ass. >b-but muh Illuminati lolno. But if you think axa/blockstream controlling the future of bitcoin isnt straight up pissing on satoshis vision then you should kys

>>	Anonymous Fri Aug 25 22:09:16 2017 No.3211818 >>3211654 literally or literally

>>	Anonymous Fri Aug 25 22:11:40 2017 No.3211841 Invest or short btc ?

Anonymous Fri Aug 25 22:13:10 2017 No.3211850

>>3211343
it's a win for people who want to buy stuff with bitcoin and people who want to sell stuff for bitcoin.

it is your choice to use an LN service or to use bitcoin the traditional way. it's like cash, you can buy everything you want with physical money, it's just inconvenient as hell.

>>	Anonymous Fri Aug 25 22:17:27 2017 No.3211892 >>3211784 Tell me how Bitcoin is not a hedge. It was literally developed to have the same incentive as gold, except digital.

Anonymous Fri Aug 25 22:19:09 2017 No.3211904

>>3211850
>it is your choice to use an LN service or to use bitcoin the traditional way.

with 1MB blocks it will be unfeasible to pay for on-chain Txs

the vast majority of on-train txs will be opening/closing lightning channels that will be handling 1000's of Txs and therefore the entities that are opening/closing those channels will have corporate money and individuals will never be able to compete with them

normal people will simply use another blockchain

>>	Anonymous Fri Aug 25 22:20:53 2017 No.3211915 >>3211892 it's supposed to be better than gold you cannot send gold across the world nearly instantly and without relying on any third party

>>	Anonymous Fri Aug 25 22:22:20 2017 No.3211929 >>3211904 Isn't the Lightning Network a fancy way to describe the exchanges we already have?

>>	Anonymous Fri Aug 25 22:24:08 2017 No.3211946 >>3211929 literally wut

Anonymous Fri Aug 25 22:28:21 2017 No.3211975

>>3211904
no, it's not unfeasible, it just means they will be more expensive depending on how much time you want to wait, like it is now. nobody knows how long or how much it would cost, time will tell.

normal people will use whatever is more convenient. that's what normal people do, the same reason why merchants switched to credit cards from cash even though the credit card companies ate 1-3% of their sales, because normal people liked the convenience.

>>	Anonymous Fri Aug 25 22:30:16 2017 No.3211989 File: 216 KB, 584x530, red wojak.jpg [View same] [iqdb] [saucenao] [google] >fell for the Bitcoin meme >starts plummeting

Anonymous Fri Aug 25 22:30:52 2017 No.3211995

>>3211892
Bitcoin can serve as a hedge, but that isn't its design. It's designed to buy things without paying a bank to maintain the ledger and verify between parties.

And it's sitting on a giant bubble right now, the moon from 1800 was funded by margin trading counterfeit dollars in USDT, there's a detailed article on this in medium.

>>3211929
Touche, but the markets are external to the coin, and they're used for crypto trading but you don't need them to make a purchase, electron works for that.

Anonymous Fri Aug 25 22:31:54 2017 No.3212006

>>3211975
the most convenient thing is for them to use the traditional banking system and mastercard/visa. this is what luke jr. suggests that most people do that don't want to pay $100+ fees

the reason why bitcoin has succeeded is because it offers something different than those systems despite being slower

if we don't allow on-chain scaling then we are just throwing out the baby with the bathwater

Anonymous Fri Aug 25 22:32:47 2017 No.3212014

>>3211946
Literally the Lightning Network proposals are just different ways of dressing up what the exchanges already do. I mean literally to a T it is exactly the same shit except handled with a supposed "smart" contract.

You'd have to be foolish to not see the parallels.

>>	Anonymous Fri Aug 25 22:32:56 2017 No.3212015 >>3211975 >It's not unfeasible goy, it just costs an unfeasible amount of money

Anonymous Fri Aug 25 22:35:03 2017 No.3212032

>>3211995
But my point is that nobody benefits from the Lightning Network other than the people running it as the exact same functionality is already handled through the default software and the exchanges.

The Lightning Network proposals are literally a ruse.

Anonymous Fri Aug 25 22:37:39 2017 No.3212049

>>3212006
the most convenient thing for a consumer is to continue what they are doing, however, merchants have a huge incentive to switch over. more merchants offering bitcoin payment allows more options for people that have bitcoin to spend it, supporting adoption and awareness.

all this mashes down to is how much per transaction a LN would cost to the merchant and if it is feasible competition to the established banking/credit industry.

the reason bitcoin succeeded was because people wanted ways to hold an asset and send it over the internet without having it pass through the hands of the government. which hasn't changed even when LN's come.

>>	Anonymous Fri Aug 25 22:38:42 2017 No.3212058 >>3212015 really? how much would it cost? i can't see the future and neither can you.

>>	Anonymous Fri Aug 25 22:39:55 2017 No.3212068 >>3211642 Because the EDA incentivises miners to fuck around with where they direct their hashpower. Wait till segwit2x then the shit hits the fan for BCH too.

>>	Anonymous Fri Aug 25 22:41:42 2017 No.3212088 >>3212068 this was an issue long before the fork >Wait till segwit2x then the shit hits the fan for BCH too. I'd much rather be sitting in BCH than BTC when the next round of core drama goes down

>>	Anonymous Fri Aug 25 22:43:25 2017 No.3212098 >>3212049 Except your transactions are now dealt at the discretion of Blockstream, and they would have centralized the system by processing he vast majority of transactions away from the official BTC ledger.

Anonymous Fri Aug 25 22:46:05 2017 No.3212120

>>3212098
right, which is optional for you to join.

if you don't like it, don't join it, the ledger will still record as it always did, it will still process your transactions like it does today. maybe slower, maybe faster, maybe cheaper or expensive. who the fuck knows.

>>	Anonymous Fri Aug 25 22:47:17 2017 No.3212132 >>3212088 Watch.

>>	Anonymous Fri Aug 25 22:51:03 2017 No.3212163 >>3212132 why would segwit2x fuck with bch?

Anonymous Fri Aug 25 22:51:57 2017 No.3212168

>>3207259
Kek, watch how fast the pajeet dev rushes through the block limit raise at 1:30

Details and logic immediately turn into "mining sort of doesn't work"

>>3212058
no need to look into the future, $5 is unfeasible now. And they've been unfeasible, that's why alt coins took over so much market.

Anonymous Fri Aug 25 22:53:54 2017 No.3212184

>>3212120
>who the fuck knows

it will be hundreds of times more expensive

it's already 15 fucking dollars

core sees nothing wrong with 300kb blocks

they want $50 Txs TODAY

The average person will be priced out of on-chain Txs and forced to use the LN

Anonymous Fri Aug 25 22:55:12 2017 No.3212196

>>3212168
yeah, because that's the problem with bitcoin in general, $5 is expensive for a $2 cup of coffee.

$5 for sending 50k to Seoul is a fucking steal.

which is why LN is wanted, so it scales better to small purchases.

but with LN we don't know how much the fee's will be in the future, that is what i'm saying.

Anonymous Fri Aug 25 22:56:59 2017 No.3212208

>>3212196

Who the hell is sending 50k to seoul? Most people in the USA have less than $800 in their bank account. Likewise, most bitcoin transactions are in the $1-200 range. These high rollers aren't going to keep the entire block chain afloat

Confront reality

>>	Anonymous Fri Aug 25 22:58:55 2017 No.3212220 >>3212163 EDA Hashpower An attack on BTC by that method is an attack on segwit2x. The thing is both BCH and BTC have a reason to exist and without EDA could have coexisted but Jihan is just after easy money.

Anonymous Fri Aug 25 23:02:46 2017 No.3212251

>>3212208
that's an example anon, you should know how they work. the point is to illustrate that bitcoin has a scaling issue that is a problem with small numbers but good with large numbers.

constantly increasing the blocksize will simply be kicking the can down the road until you hit the brick wall of hardware limitations.

Anonymous Fri Aug 25 23:03:09 2017 No.3212253

>>3212196
it only costs $5 because of an artificially low blocksize limit imposed by the people that stand the most to gain from second-layer systems. the ironic thing is that the blocksize will have to increase anyways to handle LN on the scale you are imagining. instead of doing it now, we have to settle for a crippled bitcoin that loses more marketshare every day so that users don't even have the choice between LN or on-chain. The "option" to pay $100/Tx or use the LN is not an option, especially considering that if the blocksize was increased the price of a Tx would drop substantially

Anonymous Fri Aug 25 23:04:31 2017 No.3212266

>>3212251

Bitcoin cash is good with large numbers AND small numbers. The only thing keeping bitcoin around is mass adoption. It's use case (Small transactions) is being strangled by blockstream.

Every Vendor who adopts BCH puts another nail in the BTC coffin.

>>	Anonymous Fri Aug 25 23:29:41 2017 No.3212518 >>3212196 LN is a false solution and a Trojan Horse for the bankers Increase the block size and it would be fast and cheap like BCH

>>	Anonymous Fri Aug 25 23:39:23 2017 No.3212620 >>3210445 Calm down aspie

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/biz/ - Business & Finance