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Bitcoin is dying
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You are currently reading a thread in /biz/ - Business & Finance

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Active Bitcoin dev loses faith in Bitcoin:
https:[email protected]/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.zdyvaqrlj
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>>1043080
Noooooooooo
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BUY ETHERRRRRRRRRRRRRR
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>>1043080

whoa that's fucking tragic. and this guy is a very legit source. seems like bitcoin is going to the shitter...
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>>1043080


> be him
> have lots of bitcoins
> sell btc
> tell he's leaving
> price drops
> buy btc
> profit

doesn't sound plausible?

also:

http://bravenewcoin.com/news/30-top-banks-and-mike-hearn-have-now-joined-r3-global-consortium/

he sold his sould to the devil.

he's gonna be the Director and Lead Platform Engineer of R3, a startup that develops blockchain based solutions to banks.

dont believe in me?

search for:

mike hearn r3 banks consortium
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>>1043080
LEL
>>
Is this a good time to buy?
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>autists arguing about block size 24/7

1 MB is enough and theyre killing the whole thing with their constant wars.
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Brb buying Ethereum.
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>>1043080

Great explanation on why Bitcoin 2 was created.

Thanks.
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>>1043176
Explain pls
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>>1043176
Can't buy this shit yet otherwise I would be.
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>>1043284
Ethereum is bitcoin 2.0 it has the blessing of satoshi. Good night btc.
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>>1043295
Except you can't buy any right. Can only mine it and idk how to do that.
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>>1043295
Have been meaning to buy, big big things happening at my university with it. Can you buy directly with dollars or do I have to buy with btc?
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>>1043196
Currency used by autists going down the shitter?
Who could have possibly predicted that!?
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>>1043298
You can buy it on poloniex, kraken and other exchanges.
Or use shapeshift

Be quick though, supplies of ether are running low and there isn't really enough ether to go around.
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>>1043304
Cool, created an account on Poloniex. The only real advantage to this over BTC is a faster blockchain though right?
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>>1043311
Its a fully turing complete blockchain. The implications are euphoric.
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>>1043317
As in the AI turing? wtf does that even mean?
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>implying I won't be buying dozens of cheap litecoin once it hits rock bottom
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>>1043304
>>1043311

>supplies of ether are running low

wtf you talking about nigger.

ETH is a good coin, but it's going down to $0.3 before it goes anywhere. Buying today after a 16% increase is pants on head retarded.
>>
If you really think banks and financial institutions would allow a sovereign currency to exist like this I have a bridge to sell you
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>>1043330
>allow

"That website that allows for people to download media to their computer and share it with other peers is bad for business, make it go away"
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>>1043326
Take a look at the seller depth on all exchanges. No one wants to sell at these prices.
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>>1043326

Can you buy eth with dollars? I don't want to sell btc atm , thread related
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>>1043338

Sell depth doesn't mean much, most people don't put their sell orders in, because they want the price to go up and sell pressure hinders that. In the next 6 months the price will tank, then it will be time to buy. This is just my opinion, so there's every chance I'm wrong, but I own a exchange so I'm pretty good at this shit.

>>1043339

http://coinmarketcap.com/currencies/ethereum/#markets
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>>1043336
For all we know visa and MasterCard are pumping and dumping bitcoin to destroy its integrity. You're underestimating the competition.
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>>1043080
>Imaginairy currency with imaginairy value is turning to shit
Someone call Obama
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>>1043348
In 6 months ETH will be at $3.50 or above.

Theres simply no way that litecoin and bitcoin can withstand this pressure.
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>>1043348
Thanks for this
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>>1043393
>magnets how do they work?

Educate thyself plaebian
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>>1043349
That is true, but I don't think it will play out like that. When large enterprises do joint venture research like this http://fortune.com/2015/12/17/ibm-blockchain-for-business/ it's just not in it for another enterprise that is so closely involved with those researching to obstruct it in public. While they could do it anonymously, I don't think it's enough to matter when guys like this recognize the tech.


Another argument is that guys like jp Morgan and IBM are doing this to control new tech
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>>1043409

It's an absurd claim- that mastercard or paypal would care enough about some little tiny zit to go and pop it.

Sure, they could, but why? It will pop itself soon- it's just a zit.

This way it won't leave a scar, and they don't have to waste time dealing with monopoly money- they can spend their time making real $$$
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>>1043080
So bitcoin dies, but the potential of blockchain is still there.
>>
Bagholders on round the clock suicide watch.
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>>1043231

dem mental gymnastics
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>>1043455
kek
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>>1043326
Why does it have to fall to $0.3?
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how do i start mining ether?
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Mike Hearne was trying to hijack bitcoin and crash it...

He didn't get his way and decided to throw a temper tantrum.
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>>1043532
Do you understand how to use command lines well? I attempted to mine some but there isn't any simple software that basically does it for you. Needless to say I failed, would fucking love for there to be some though.
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>>1043544
Yes command lines are no problem but I'm already running into errors with the programs I found on the website
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>>1043545
Well maybe I'm not the only one terrible at getting it to work then. Really would like to mine them myself because the math is still easy enough for a gaming pc to win a few here and there.
>>
I just went and downloaded the geth version instead of the c++ version and its working fine.
>the math is still easy enough for a gaming pc to win a few here and there
That's my plan, I refuse to miss out on another buttcoin
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>>1043564
How the fuck did you do it? I guess I'm retarded and can't follow directions. I opened geth and copy/paste the shit from the website into cmd and get nothing but errors.
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what's going on with bitcoin?
>>
Stumbled over this:
https:[email protected]/the-resolution-of-the-bitcoin-experiment-dabb30201f7

I got a year of 4chan Pass from bothering a bit with bitcoin and lost nothing in process, so I guess everything is fine.
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>>1043587
Fallen about 14-15% in the past week. Also a big dev for it said to abandon all hope.
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Theres nothing to copy and paste for geth.
You just download it and type geth.exe in the cmd line (after being in the correct directory or type path\geth.exe)
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Bitcoin had the killer advantage of low and even zero fees, but it’s now common to be asked to pay more to miners than a credit card would charge.
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>>1043607
Not working for me. I have it on my desktop trying \desktop\geth.exe

Getting nothing.
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>>1043618
maybe you're missing one of those visual c++ packages, I honestly don't know bro. Works on my system ;)

side note, this website https://stats.ethdev.com/ says the difficulty is 9TH and another website says my cpu's average mine rate is 1MH/s.
Is it saying I will need a million seconds for 1 block???
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>>1043628
It's telling you that CPUs are atrocious for hashing, and it's right.
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So now that I've caught up to date with why oil is in the shitter why is bitcoin dropping?
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>>1043632
Apparently the whole bitcoin is not excactly what people have been thinking it is, or how it works
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>>1043330
But banks and financial institutions are interested it Bitcoin technology. Fast audit able secure transactions would save them a lot of expense
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>>1043630
damn well I might be better off buying etherum
just found this in case anyone's interested
http://badmofo.github.io/ethereum-mining-calculator/
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>>1043632
The "community" is doing everything to prevent change for some reason, but change is necessary to prevent the system from crashing.
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>>1043638
>damn well I might be better off buying etherum
Or find a miner that uses your GPU.
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>>1043641
That makes sense. All I've heard is people spewing shit about how stable it is.
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>>1043637
Exactly, they have no interest in btc, but blockchain 2.0. Thats where the real money for them is.
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>>1043320
It basically means it is a computer, the protocol is programnable. Meaning you can build apss running inside the network.
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>>1043644
even my gpu wouldn't do to well according to the calculator.
I'm not going to leave it running for a month to get 1 etherum. I'd rather spend $30 for 25 of em and hold it till they're worth bitcoin dollars.
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>>1043645
It's not just about how stable it is. It's about who holds power, and what ideology it's going to follow.
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>>1043542
This.
He tried to force implementation of blacklisting ips ffs. He is working for a consortium of banks trying to hijack blockchain tech.

Good riddance.
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>>1043618
Put it in the C drive.
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>>1043652
You can get a mining contract, you pay up front for TH/s and they mine for a whole year or until ether goes to POS.
>>
PSA: "Blockchain Tech" is codeword for "we have no fucking idea what we are talking about".

When you hear some faggot say "bitcoin is dead, blockchain is where it's at", run the FUCK away. This person has no idea what they are saying and likes to purport the latest buzzphrases of the times, and they would love to take your money and burn it on futile endeavors. Private blockchains? Please. Ever heard of CompuServe? You haven't? Exactly.

This drop is because of Mike Hearn's employment by the banking cartels and his subsequent sabotage orchestration that was published in the NYTimes yesterday. Nothing to see here, unless you enjoy some risk, then you could always buy some cheap coins.
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>>1043231
It gets better.

https://youtu.be/R0iArSIU0Z8?t=47m16s

47m16s

>"I don't know what time it is, but any minute now there will be a New York Times article saying Mike Hearn broke up with Bitcoin and called it a failed experiment."
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>>1043080
wtf reddit actually has paid shills and automated bots, I thought this was a fucking joke, bot 50% of the fucking threads

https://np.reddit.com/r/ethereum/comments/40in7i/the_ugly_truth_bitcoin_is_doomed_and_needs_to_be/
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>Active Bitcoin dev sells out to big bank consortium to develop a blockchain-based digital currency that the bankers can control
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>>1043828
>>1043828


https://np.reddit.com/r/Bitcoin/comments/413dbt/rbitcoin_users_being_spammed_by_hundreds_of_new/


EKEKEKEKEKEKEEE
>>
we've been trying to tell you muppets about ethereum for a while now :^)
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>>1043843
I knew about it and wanted to get my hands on some. Didn't fucking know there was an exchange for them until today. Feels bad desu senpai.
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>losing faith 2 years after it hit the ceiling
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>>1043843
well yea, i guess its cool you guys want us to get in on ethereum desu when it was around the 80s 90s cents.


BUT WHY U FUCK WHY DO YOU WANT TO HELP US
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>>1043880
I wouldn't be surprised if the actual devs browsed here.
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>>1043880
>join us. It is pointless to resist
>>
Missed out on the ETH train. Now it's declining too. Goddamn it /biz/ are all options fucked? Crypto was suppose to be safe haven from actual stock markets failing.
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>>1043961
>are all options fucked?
holding USD is a great idea atm

2 much volatility
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>>1043286
But you can anon.
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>>1043968
I know that now. Was looking to buy it before the hype. Kinda missed out.
>>
For the casuals: The latest drama with Mike Hearn calling Bitcoin a failed experiment is a strategic move by R3CEV to influence banks and industry away from Bitcoin, it further proves the fear they have of it being a success (which is not working, as we have tons of new stuff comming soon with 0.12, which will translate in a price recovery over the next weeks, nontheless ups and downs are irrelevant and just market noise in the long term towards Bitcoin's unstopable path of victory).

If you noticed, yesterday at the Hutchins Center, they had a very important meeting comprised of 15 or so people. They included 6-8 members from the Federal Reserve, R3CEV members, Bitcoin industry members, and also individuals from greater finance.

When the R3CEV guy was speaking, https://youtu.be/R0iArSIU0Z8?t=47m16s (@47m16s) , he was saying "I don't know what time it is, but any minute now there will be a New York Times article saying Mike Hearn broke up with Bitcoin and called it a failed experiment."

R3CEV, which is a consortium of 42 banks, paid for the New York Times article and hired a photographer in Zurich to snap that picture of Mike Hearn. Source: https://www.reddit.com/r/Bitcoin/comments/40zhgi/mike_hearn_the_bitcoin_believer_who_gave_up/cyyg36s (look up who that guy is)

How ironic that the article was published during a industry and policy panel? During this panel, which comprised of important people in the financial industry, we're learning about Bitcoin and blockchain. Once they get out of the meeting, and search Bitcoin, they will all see articles saying Bitcoin failed.

I'd say this was a nice strategic move by R3CEV to influence the greater industry away from Bitcoin.

The timing of the New York Times article, this policy panel, Mike Hearn's medium blog post, fits all too well. I wonder what their next futile move will be.
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>>1043917
Yea but I'm a hardcore skeptic on alt coins but there is a 2/3 track record since August that had alt insiders and Bitcoin insiders here before pumps.
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>>1043880
why would I want random people to fail unless I knew they were dbags? I just think it's fun to talk about it on here and see what the forums are thinking/saying and test my thoughts
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>>1043972
I don't even know who is jewing who anymore
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>>1043979
Fucking this, idk where I should be. BTC, ETH, LTC, USD. Should probably just an hero.
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>>1043972
IT'S A CONSPIRACY!!!

the jooish bankers want bitcoin to fail!!!
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>>1043984
I thinking about bag holding Safecoins just for the sake of saying I have them. Already got a small mining rig for ETH, with 90 MHs its doing okay just for a bit of fun. Does anyone else know about these Safe Coins?
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>>1043991
idk dick about them. ETH seems to have more versatility than BTC so I could see it becoming a bigger player in the crypto market. Right now I think it's probably all hype though, feels bad man.
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>>1043822
was gonna post this... a nice look into how organized stock manipulation happens on a high level and in this case how a planned attack on bitcoin actually was perpetrated
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>>1043997
the utility of the blockchain is that it's a decentrally verified public ledger for transactions
>altcoins
enjoy your 51% attack
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>>1044016
also
>eth shills spamming reddit & 4chan
howfuckingnew.png
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>>1044016
>>1044017
an /r/bitcoiner saying that ethereum is full of shills
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>>1044017
M8 i used to shill for bitcoin. Now my boss tells me to shill for ETH. I just do what they say, apparently the word is to shill ETH now idk im just following orders
>>
as long as you can buy drugs with them LOL
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Wow the bank shilling plan is going into overdrive using their media stooges:
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>>1044080
>we should centralize this decentralized platform
>gov/fed

Every goddamn time.
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>>1043979
>>1043984
Are you guys fucking retarded? Do the math.
BTC is the only thing worth being at, that's why it's being attacked by the banks.

Mike Hearn is a long term cancer in the Bitcoin community. Im glad to teach casuals but please, pay attention to what's being said and use whatever grey matter you have left.

Do your fucking research. We are witnessing the biggest disruption in human history ever

Here's a good read for starters:

http://shitco.in/2015/08/19/the-bitcoin-xt-trojan/

Once this FUD attempt is gone, the rise will continue. Pic related.
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>>1044020
>taking the bait
>>
Fuck Mike Hearn. He's a joke. Just look at his face
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>>1043928
>>1043843
what alt coin will be popular now, that RCV3 or that banking industry is using?
>>
>>1043978
I bought 190 eth when it was 87 cents
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>>1044224
Actually when and if they make Bitcoin Classic, were getting double the buttcoins if we have pre purchased pre-forked coins KEKEKEKEKKEKEKEKEKEKEE
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>>1044259
Ethereum obviously
>>
So um which exchange site do I have to use for memetherion?
Glad I sold all my bitcoins in december.
>>
>>1043080
I don't even really care why Bitcoin is tanking so hard at this point. I'm just glad that it is. I have to tell you... I'm ecstatic every time that I hear bad news about Bitcoin. This isn't really because I dislike the technology or have any animosity towards business models that revolve around Bitcoin. No, it's mainly because I can't stand Bitcoiners themselves. Most of you are whiny, entitled, delusional, autistic, repetitive, obnoxious, deceptive, self-serving, retarded little pricks that regurgitate snippets of propaganda from con-artists in the Bitcoin community and pass them off as fact.

>inb4 someone implies there is some other reason why I don't like you.

Nope. What I posted is pretty much exactly the reason I don't like you. And yes. I am mad.
>>
>>1044374
Kek
>>
>altcoins
>not getting rekt in a pump and dump

pick one
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>>1044374
here have a pepe
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>>1043080
>mike is desperate to spread his FUD

so you posted this shit on /g/ and here

where else? have you already spammed /a/?

gtfo
>>
The only thing stopping me from buying bitcoin is the community. I don't want to make faggot 4chan NEETs rich for buying it when it started out a couple of years ago.
>>
>>1043080
Wow there are posts in /g/
>>
So who is gonna reap the benefits at the end of the day? I have a feeling Ethereum is going to get fucked over somehow.
>>
>>1044645
dunno, just bought 100 for fun.
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>>1044224
>all trading/mining in China
>other exchanges rely on baghodlers
>run a fractional reserve
>oops
>claim hacked
>SFYL
>>
>>1044374
This is exactly how a mad nocoiner looks like. Better buy now and thank Mike Hearn for the discount before we are back to 500+, maggot.
>>
Whats the difference between etherium and bitcoin?
>>
>>1044655
How do I buy ethereum? Is it just like buying bitcoins?
>>
>>1045016
Whats the difference between an abacus and a microprocessor
>>
When ETH came out it seemed like a pump and dump, but still had something to it. I waited till October I believe, put about $40 in it, but didn't sell in the first Oct/Nov spike. Now it spiked again, but I think it is mostly people who are pulling out of BTC.
I think it is too late to buy for the short term/medium term investor. Watch the volume. If that and the price goes up it might lift off, but I think it just a small fire.
>>
2 things:

>you were cucked if you missed the 2013 buying BTC train, get over it

the second thing:

BTC will never, ever substitute money. By using BTC people try to evade taxes, all sorts of laws and customs. However, this is exactly what govenments are against. Money will be used because government (lawful country) needs to see transactions.

I know it was mentioned b4, but it needs to be put in every other BTC tred.
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>>1044999
>nocoiner
>>
>>1045016
Buy bitcoins, register an account at bleutrade, and buy ETH for your BTC.
>>
I have 4 BTC
Should I put it all in ETH?
>>
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>>1044080
Whatever buttcoin the Jewish bankers come up with I'm staying the fuck away from.
>>
Bitcoin was created by Nick Szabo. A hungarian jew.
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>>1043080
>https:[email protected]/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.zdyvaqrlj

AHAHA, holy shit. I weep for the people who will now try to recover their money from this opaque scheme.
>>
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Anyone have info about OneCoin?
Should someone buy?
>>
>>1046154

Question I ended up buying ETH with my BTC on Poloniex but I don't how to exchange to USD when the time comes? It says I have about 26. something of it but yeah it would only exchange back to BTC?
>>
bought ETH on poloniex too. If BTC dies, I think its the only viable alternative. All the other altcoins, like LTC, are mostly crappy knock-offs.
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>>1046278
no you shouldn't buy anything. Bitcoin, ETH, and all the other meme currencies were failed to beginn with. The blockchain itself might be great, but the "currencies" behind it aren't worth jack shit
>>
Bitcoin has died 89 times, twice in 2016 already.
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>>1046369
it was dead at birth, edgy tripfags made a 'fuck the banks' meme out of it, and idiots fell for it.

mr. roboto got too much into their heads.
>>
>>1046284
>>1046295
I support ETH but you guys realize its not deflaionary like btc right?
>>
>>1046402
>nocoiner opinions
You can sell 1 BTC for 386 USD at this very moment.
>>
>>1046369

It was dead the moment no one upgraded to use it for retail transactions but instead to speculate on the emotions of retards and autists.
>>
>>1046408

Just because no one who purchased at higher prices want to sell to realize a loss.

But it's a death spiral.
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>>1046428
I got mine for free (not counting some time invested, but still a very good hourly rate)
and I'm holding
>>
HODL

I'm long btc, in ten years you won't have to exchange btc for USD because no one will want USD.
>>
>>1046408
If you can get the money off the exchange.
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>>1046403
Yea but its switching to POS in like 7-8 months.
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>>1043080
Anyone have that archive of all the things bagholders have said for the past few years?

Where da nocoiner and cope maymays at?
>>
>>1046621
Bitstamp has been very reliable in that regard
Never took more than 48 hours to arrive in my bank account, sometimes less than 24h
>>
>>1046681
hmm yea but

http://quotes.money.163.com/0000001.html
>>
Bagholder here. Call me when it hits 250 bux. BTC is up 67% from a year ago. At the start of October it dropped from 400 to 350. Now it's hit 450 and dropped to 380. People hit targets and offload their coins. We'll see another drop at 500. Niggers acting like a chart should be a straight line.
>>
>>1043304

I have a better idea

How about i dont do any of that
>>
>>1047020
How do people use the term its volitile, then when it goes up and drops people scream doom or no coiners, each meme is a paradox.
The only people in this right now are watching stocks drop and using it as a safe haven, and most people also hold bank coins like eth,xrp,dash etc if bitcoin does fail.
>>
This is just a marketing push for a new coin. We get a few weeks of OMG BUTCOIN DEAD.

Then all the old devs back something new (probably already being tested). Then we see OMG SAVED BY THIS COIN.

Just more pump and dump garbage.
>>
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So Bitcoin is currently rat-fucked with it's 1Mb block size.
And the Chinese miners who now control Bitcoin production refuse to increase it.
>>
Ethereum prices are rising.

Soon to overtake litecoin.

...then ripple....then BTC!
>>
RIP Litecoin. Ethereum is going to make a select few very rich.
>>
>>1048710
>>1047358
why would ethereum go up very fast soon anyways?

What kind of possible news can make eth go that high?
>>
>>1048715
Serenity release.
>>
what are the odds of me becoming rich if i invest 100€ in ethereum right now? any chance for it to explode in value comparable to bitcoin?
>>
>>1048938
0,3% and no. Don't buy into memes, invest those 100€ into something useful that you can use to improve yourself
>>
>go on biz after 3 months
>see this thread
>decide to check on my 1 BTC at cryptsy
>cryptsy was hacked
>btc still there but cant withdraw it

what the fuck do i do now?
>>
>>1048939

what makes you so sure?
>>
>>1048952

Prepare Uranus
>>
>>1048968
is there still a chance to get it out of there? dammit i check my account like 2 weeks ago and everything was still functioning... had a chance dammit..
>>
>>1048952
It's gone m8
>>
>>1048986
fucking really? still have like $800 worth just sitting there..
>>
>>1046577
>HODL
>
>I'm long btc, in ten years you won't have to exchange btc for USD because no one will want USD.
hhahahhahahahhaha
>>
>>1047352
but the block size is going up in next release.

google bitcoin classic
>>
>>1046453
>I'm holding guys!
Are we supposed to be impressed by how stupid you are?
>>
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>all these faggots who were telling me Bitcoin was the future a couple months ago
>all these faggots who were saying Bitcoin could only go up
>all these faggots who said the price of a Bitcoin was going to hit a 10,000 in a years time
>all these faggots who posted that pic with the old man and the ponzi caption
>mfw

TOLD YOU FUCKBOIS
>>
>>1049229
It really got to you didnt it. Anyway, enjoy your temporary respite from coping.


Buy ethereum.
>>
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>>1049215
>>1049231
Fuck ethereum, just like Bitcoin there's nothing giving it any value or credibility and I doubt anyone or any company worth anything is going to use it. It's obvious how these virtual coins work:
classic pump and dump. Sorry, maybe you can take advantage of stupid autists but not me.
>>
>>1049246
Cool story bro.
http://www.bbc.co.uk/news/technology-35344843
>>
>>1049246
Yes microsoft did totally not add it to their azure platform...
>>
https://www.gov.uk/government/news/distributed-ledger-technology-beyond-block-chain
>>
>>1048954
common knowledge
>>
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>>1046301
Yeah, but the OneCoin hype >>1046278
is marketed as a "different kind of coin". They say that it "will be the future" etc.
More coins to mine,
serial numbers for coins,
rapidly rising numbers in holders.

I don't know.
>>
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Nocoiners on suicide watch, AGAIN.
>>
>>1047352
>>1049040
Clueless dumbasses. 1mb + sigwit are the way to go. Classic is just XT 2.0, the R3CEV trying to drop a trojan once again.

Please read some more if you want to comment on this.
>>
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>>1051268
segwit is an opaque load of shit and requires a hard fork. good luck.

Buy Ethereum
>>
>>1050494
its a fraud operated by finns, the finnish "FBI" has considered investigation on them

they have a recruiting system that just yells pyramid scheme
>>
>>1051358
oh wait bulgarians or whatever.

source for bolice habbiding:

https://www.poliisi.fi/keskusrikospoliisi/tiedotteet/1/0/krp_on_selvittanyt_onecoin-virtuaalirahaa_41044
>>
>>1051262
Until bitcoin loses 84 points, then gains 360, then loses 500 all in 3 minutes.
>>
>>1048952
>my 1 BTC

You mean cryptsy's 1 BTC.

Ain't your BTC if you don't know the private keys bud.
>>
>>1051288
>segwit requires a hardfork
https://bitcoin.org/en/bitcoin-core/capacity-increases-faq
>Will there be a hard fork before or as part of the segregated witness implementation?

>No. That is not part of the roadmap.

Confirmed for yet another BTFO ETH bagholder.
>>
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>>1051565
>something something may happen in future

yeah I'm sure feeling btfo right now....
>>
>tfw you brought in at 370.
feels good. Sell it 420.
>>
>>1051379
>Implying the fluctuation is a bad thing
>Implying multiple windows to buy cheap/sell high isn't one of the things that makes memecoin so great
Why are /biz/nessmen such pussies?
>>
>>1051575
Next level cope.
>>
>>1051966
Can you explain how segwit works please?
>>
>>1051997
It's sort of a compression of the amount of data that can be put in a block. You can deal with more capacity withou the dumbastic risk of raising the block size.
>>
>>1051897
>>1051966
JIDF detected
>>
>>1052556
I know all that, how does it actually work though?
>>
The sheer fact that any person thought that investing in a decentralized currency with no intrinsic value is borderline retarded. It's legitimately the stupidest thing you can invest in.

If the stock market crashes, lawmakers can fix it. Gold will always have some psychological value. Bitcoin is fucking nothing.

Goddamn you people are retarded.
>>
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>>1052757
>All this cope
>still ineffective
>>
>>1052811

Yeah just think, if you bought bitcoin a few years back, your diminishing returns would earn you less dollars holy fuck you're an idiot
>>
>it's just a "dead cat" bounce
Things nocoiners say
>>
>>1053796
Those nocoiners were smart as fuck then. The price of Bitcoin is now at $408, Looks like a dead cat bounce is exactly what it was.
>>
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>>1049040
>but the block size is going up in next release.
>google bitcoin classic

Uh oh!
https://twitter.com/BitcoinMagazine/status/690219398905348096
>>
Is there any way to directly sell from ETH to USD before BTC volatility shit hits the fan?
Thread replies: 200
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