Active Bitcoin dev loses faith in Bitcoin:
> be him
> have lots of bitcoins
> sell btc
> tell he's leaving
> price drops
> buy btc
doesn't sound plausible?
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?
mike hearn r3 banks consortium
>autists arguing about block size 24/7
1 MB is enough and theyre killing the whole thing with their constant wars.
>implying I won't be buying dozens of cheap litecoin once it hits rock bottom
"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"
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.
>magnets how do they work?
Educate thyself plaebian
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
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 $$$
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.
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
Stumbled over this:
I got a year of 4chan Pass from bothering a bit with bitcoin and lost nothing in process, so I guess everything is fine.
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.
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???
Apparently the whole bitcoin is not excactly what people have been thinking it is, or how it works
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.
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.
It gets better.
>"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."
wtf reddit actually has paid shills and automated bots, I thought this was a fucking joke, bot 50% of the fucking threads
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.
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
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?
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.
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
Wow the bank shilling plan is going into overdrive using their media stooges:
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:
Once this FUD attempt is gone, the rise will continue. Pic related.
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.
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.
>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.
AHAHA, holy shit. I weep for the people who will now try to recover their money from this opaque scheme.
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?
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
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.
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.
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.
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.
>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
TOLD YOU FUCKBOIS
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.
segwit is an opaque load of shit and requires a hard fork. good luck.
>segwit requires a hardfork
>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.
>something something may happen in future
yeah I'm sure feeling btfo right now....
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.
>but the block size is going up in next release.
>google bitcoin classic