Wall Observer

[Kurious]

And on BTC - can't believe we are so resiliently above 400 with all the clusterfuck scaling stuff going on. I guess everyone must feel 'it's going to work out in the end'.

That said the whole ETH hype proves that if it isn't sorted a contender could quickly arrive and supplant BTC, or at least steal huge market share.

Maybe that's all it is; that we can all jump ship if we need to?

 

[cbeast]

Monero is too simple?

It's blockchain-based but based on Cryptonote technology, so unlike Bitcoin, it's private - it also has no scaling issues. Privacy and fungibility are very desirable features when BTC has a transparent blockchain.

I am not seeking to promote it, this is after all a place to discuss BTC - but maybe read up a little? In my eyes it is well-designed, but 'simple' is not a word I would attach to it!

It is certainly way more complete than ETH and unlike many coins has no 'pre-mine' to give a nasty taste. Yes, I am a hodler - but read up a little, you might be surprised.

David Latapie's thoughts:

https://forum.getmonero.org/1/news-announcements-and-editorials/209/editorial-what-s-so-special-about-monero

I call it simple because of function, not form. If you don't think multisig and nLockTime are important, then Monero is fine for just sending cash anonymously. Anonymity is not necessary for privacy, but that's a whole 'nother issue. I doubt the anonymity claim because it's based on current technology. In fact, with biometric technology, nothing we do will ever be anonymous.

 

[Fatman3002]

@Kurious agreed. BTCs stability in all this is über bullish.

 

[cbeast]

I'm so tired of the term "decentralized." It's a mathematical term like "average" but not a real phenomenon. Competitive is how it is expressed and why people call it "centralized." But that's like saying marathons are centralized by Kenyans.

 

[Dotto]

Monero is great by all the metrics. It doesn´t have the blocksize issues nor the governance/hardforks issues. Theres a planned hardfork every 6 months so no worries about that. The blocksize is adaptative so no worries about that. Is completely anonymous and currently heavily underpriced. Im pretty much in love with it.

ETH is great too, but has that infinite emission problem... And them switch to POS in future, that prevented me from invest. If they fork and change this features could be quite interesting. ETH is great to wild speculate now and let it die...

 

[Tomothy]

I rather have a feeling segwit could be very bad for bitcoin.

Any particular reason why you think this is the case? I'm apprehensive because it seems to make a lot of changes and I don't particularly agree with them but don't know enough to know better, just enough to make wrong and biased decisions lol. I'm more concerned over LN but that is due to who backs it. This conspiracy theory stuff has gotten real. I can't tell what's what but try to rely on my gut and the smell test. (If it smells like its a conflict of interest, don't trust um') The question that hasn't been answered for me is if BTC becomes used for settlement will it continue to have value as a currency&commodity /ecash/egold. I recognize that this isn't mutually exclusive but I don't feel as if it has been addressed. Maybe BTC will be blocks of land and LN be the malls & shopping centers on the land. It seems like the land could have decreased value if there is an oversupply of it i dunno. Overthinking again. Sideways, sideways, sideways.

(NM, found the Segwit Discussion in Gold Collapsing. Trying to digest everything. Ugh. Lies and halftruths, what a mess lol.)

 

[adamstgbit]

the root problem isn't 2MB or segwit or TX malleability or whatever, problem is only fools implicitly trust core devs at this point....

i never imagined we could have a team of devs that aren't working for the greater good of bitcoin,
then again i never imagined devs would hop aboard a company that plans to profit on bitcoin inefficiencies...

 

[67 speedqueen]

>i never imagined we could have a team of devs that aren't working for the greater good of bitcoin
Surprise!

Who could have predicted that devs might start serving their own perceived self-interest, with billions of dollars at stake?

 

[adamstgbit]

i'm extra bullish after having listened to a discussion about segwit ( see this thread : https://bitco.in/forum/threads/understanding-segwit-segregated-witness.983/ )
and i'm extra bearish on ETH now...

segwit opens the door for improving bitcoin's scripting lang, ETH will become more and more irrelevant as bitcoin scripting language develops.
[doublepost=1458063113][/doublepost]i still think segwit is being rushed, and it should be Hard forked in... but my gut feelings are irrelevant to the fact that segwit is a much bigger deal then i realized.

here comes 420 again

 

[Fatman3002]

@adamstgbit

The premature introduction of the fee market might kill off any mainstream use of the Bitcoin network for eth-like applications.

 

[adamstgbit]

agreed.

segwit shouldn't be used to sovle the full blocks issue. we should of had 2MB blocks 6 months ago, and we shouldn't be rushing segwit.

still my love for segwit grows deeper.
[doublepost=1458064460][/doublepost]side note: not sure i like the fact i can't quote the last comment on this forum, i guess it reduces quote chains. but meh, i like quoting what i'm responding to even if it's directly above.

 

[JayJuanGee]

i'm extra bullish after having listened to a discussion about segwit ( see this thread : https://bitco.in/forum/threads/understanding-segwit-segregated-witness.983/ )
and i'm extra bearish on ETH now...

segwit opens the door for improving bitcoin's scripting lang, ETH will become more and more irrelevant as bitcoin scripting language develops.
[doublepost=1458063113][/doublepost]i still think segwit is being rushed, and it should be Hard forked in... but my gut feelings are irrelevant to the fact that segwit is a much bigger deal then i realized.

here comes 420 again

I could give a shit either way regarding the extent to which one technicality is implemented or another technicality in order to achieve scaling; however, seg wit remains a very big deal for bitcoin and for scaling and will likely go a long ways to resolving a lot of scaling issues, even though it doesn't seem like much in comparison to bitcoin's potential and likely imminent growth.

Also, seg wit seems to involve several uncertainties concerning how it is going to play out, once it goes live. I get the sense that seg wit is going to allow a lot of expansion capacity in bitcoin and also the ability of bitcoin to securely absorb many of the benefits of a large number of alts, including ETH, as sidechains or some other variation.

 

[Norway]

I belive the price has to go down a lot further to convince miners to upgrade to Classic. And I think it will, because we're bumping into the max blocksize limit now.
After that: Moon

 

[Fatman3002]

@Norway

I think it's very possible we'll have one last mindless speculative bubble before reality hits home. If it's a good one it might be ok to cash out, but I'd much rather have Bitcoins future be bright and keep hodling some.

 

[JimboToronto]

Chartbuddy, Chartbuddy, wherefore art thou Chartbuddy?

 

[rebuilder]

I belive the price has to go down a lot further to convince miners to upgrade to Classic. And I think it will, because we're bumping into the max blocksize limit now.
After that: Moon

You don't think the halving will be enough? (Assuming the "Gentlemen's currency" argument that fees will rise when tx supply is restricted isn't correct)

 

[Kurious]

@Kurious agreed. BTCs stability in all this is über bullish.

Good old honey badger...

Bullish indeed.

 

[Norway]

@Fatman3002
Are you talking about bitcoin? "... one last mindless speculative bubble before reality hits home."???
[doublepost=1458067330][/doublepost]@rebuilder
Who in their right mind would put money in a system following Core's roadmap? I think the price need to tank to convince miners, and I think it will, because the system won't work properly.

But I'm not shorting. Because I don't know the timing. Nobody does. I just hodl and buy.

 

[Kurious]

Nervy on ETH flogged em all off, last few a shade over 31.

Too much profit sitting there to watch it fade, hope I was right. Set a lot of low ball bids up in case it pulls back - from the low 20s and way down to 13. May be wrong, but I was feeling too edgy. It's a long way from 'over' but I would not be surprised to see a mega dump at some point soon - it's just knowing 'when' of course!

Selling 'too early' is not the best philosophy. But it's better than the worst.

 

[Fatman3002]

@Norway yup