Bitcoin's and the future of online banking - Page 39

Will the bitcoin ever fall? How can bitcoin ensure a balance of money? I want to put money in Bitcoin and began studying the investment - https://bitcoinbestbuy.com/credit-debit-card/ . Can someone advise me something on the semblance of this article?

the other problem with your thinking is that the BTC fork splits the two into differently working bitcoins which satisfies a certain group. Meaning each group buys more into the bitcoin fork they like. So BTC isnt just going to be more by $300 if the BTC fork is $300

On October 13 2017 16:17 spets1 wrote: the other problem with your thinking is that the BTC fork splits the two into differently working bitcoins which satisfies a certain group. Meaning each group buys more into the bitcoin fork they like. So BTC isnt just going to be more by $300 if the BTC fork is $300

Look at Ethereum's fork and tell me how rich ppl got... every fork is a hit to the main branch, and if the fork gets more momentum it could make the original blockchain worthless.

Of course it isnt a a relation 1:1 meaning that if BCH is wroth 300 BTC was going to be worth 300 exactly, but it does work like that, it doesnt generate any more money, there arent a single penny extra in the blockchain by forking it

i'm saying that the market knows about the fork and therefore the prices reflect it. If say, everyone was happy with scaling solution then there would be no split and the price would be higher (i'd say even higher than it is now of split bitcoins). By splitting (providing 2 different bitcoin algorithms) the market is basically hedging/diversifying, so the total funds get split. it's not just making money out of thin air

On October 15 2017 15:55 spets1 wrote: i'm saying that the market knows about the fork and therefore the prices reflect it. If say, everyone was happy with scaling solution then there would be no split and the price would be higher (i'd say even higher than it is now of split bitcoins). By splitting (providing 2 different bitcoin algorithms) the market is basically hedging/diversifying, so the total funds get split. it's not just making money out of thin air

I don't get it. Wasn't that Baal's point when he was answering me?

Side note:

can anyone recommend a good tumbler + how to use it?

On October 15 2017 15:55 spets1 wrote: i'm saying that the market knows about the fork and therefore the prices reflect it. If say, everyone was happy with scaling solution then there would be no split and the price would be higher (i'd say even higher than it is now of split bitcoins). By splitting (providing 2 different bitcoin algorithms) the market is basically hedging/diversifying, so the total funds get split. it's not just making money out of thin air

yeah that what im saying

I guess this settles it, Roger Ver is simply a dishonest man.

So much for those cocodrile tears about how to stop wars and shit

edit: https://www.bitcoin.com/info/bitcoin-cash-is-bitcoin

What settles it? Why is he dishonest?

ooops, forgot the link: https://www.bitcoin.com/info/bitcoin-cash-is-bitcoin

He is not a liar he has been advocating for raising the blocksize limit for years and finally he seems to be giving up into changing bitcoin core.
Technically bitcoin cash is more of an original bitcoin than bitcoin core is right now (as per the white paper).

On October 19 2017 12:44 spets1 wrote: He is not a liar he has been advocating for raising the blocksize limit for years and finally he seems to be giving up into changing bitcoin core. Technically bitcoin cash is more of an original bitcoin than bitcoin core is right now (as per the white paper).

Its not about him calling BCH bitcoin that is obviously fine, but he makes a lot of blatant lies regarding segwit

Like what?

Baal you are right on the overall scheme of what’s happening here but wrong on the details. There are winners and losers, the same way there is when fed prints money. The few People who are at the top and get the money first are winners and their wealth increases, this comes at the price of grand majors who are late into the game losing their wealth. I think some logic can be applied here. There is. Transfer of wealth depending on whether you are early or late even though in the grand scheme of things it is a zero sum game and no wealth is getting created.

On October 26 2017 15:48 capaneo wrote: Baal you are right on the overall scheme of what’s happening here but wrong on the details. There are winners and losers, the same way there is when fed prints money. The few People who are at the top and get the money first are winners and their wealth increases, this comes at the price of grand majors who are late into the game losing their wealth. I think some logic can be applied here. There is. Transfer of wealth depending on whether you are early or late even though in the grand scheme of things it is a zero sum game and no wealth is getting created.

the economy isnt a 0 sum game, or are you saying Bitcoin is a 0 sum game? that would imply its a ponzi scheme and thats a stupid way to see it.

On October 21 2017 15:45 spets1 wrote: Like what?

transactions are not reversible

i doubt he ever said that

On October 31 2017 12:52 spets1 wrote: i doubt he ever said that

its in the fucking link ffs:

He is talking in regards to"Replace by Fee" mechanism, quote:
"Transactions reversible?: Yes. After a transaction is sent, but before it is confirmed, the sender can change the destination address (including back to himself) using Replace-by-Fee."

I am not 100% sure if replace by fee is currently active but there are many issues with it which would cause it to be reversible.
https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d

I do agree though if RBF is not currently active on segwit then he is being misleading

What's the worst case scenario for bitcoin?
Or other probably, likely outcomes where bitcoin price goes down.

World economy is at 74 trillion (74 000 billion) ? So bitcoins are valued at what? 200 billion ? Does that make sense ?