Archived threads in /biz/ - Business & Finance - 2389. page

>>2935155
There are endless opportunities in this life. You can't miss them all, there will always be more.

Could have easily tripled my holdings. I'm upset, because I rode it for 10% gains but then bitched out. The real question is where is it going to be in a week or two. I feel like we may be surprised at this point.

>>2935181
I appreciate the positivity, but like what else?

>>3014938

Not long after Blockstream came on the scene the issue of bitcoin's scalability once again came to forefront of the community. This issue came within the community a number of times since bitcoins inception. Bitcoin, as dictated in the code, cannot handle any more than around 3 transactions per second at the moment. To put that in perspective Paypal handles around 15 transactions per second on average and VISA handles something like 2000 transactions per second. The discussion in the community has been around how best to allow bitcoin to scale to allow a higher number of transactions in a given amount of time.

A certain group of bitcoin developers decided that increasing the limit by this amount was too much and that it was dangerous. They said that the increased use of resources that the network would use would create centralisation pressures which could destroy the network. The theory was that a miner of the network with more resources could publish many more transactions than a competing small miner could handle and therefore the network would tend towards few large miners rather than many small miners. The group of developers who supported this theory were all developers who worked for the company Blockstream.


To give you an idea of Blockstream; It has hired most of the main and active bitcoin developers and is now synonymous with the "Core" bitcoin development team. They AFAIK no products at all. They have received around $75m in funding. Every single thing they do is supported by /u/theymos. They have started implementing an entirely new economic system for bitcoin against the will of it's users and have blocked any and all attempts to scaling the network in line with the original vision.

>>3014938
>>3014949

r/bitcoin, the main sub for the bitcoin community is held and run by a person who goes by the pseudonym u/theymos. Theymos not only controls r/bitcoin, but also bitcoin.org and bitcointalk.com. These are top three communication channels for the bitcoin community, all controlled by just one person. Blockstream corporation started in mid 2015 with millions in investments and hired Theymos and most of the other "core" developers.

A free open source software was released to solve the scaling issue. After this free and open source software was released, Theymos, the person who controls all the main communication channels for the bitcoin community implemented a new moderation policy that disallowed any discussion of this new software. Specifically, if people were to discuss this software, their comments would be deleted and ultimately they would be banned temporarily or permanently. This caused chaos within the community as there was very clear support for this software at the time and it seemed our best hope for finally solving the problem and moving on. Instead a censorship campaign was started. At first it 'all' they were doing was banning and removing discussions but after a while it turned into actively manipulating the discussion. For example, if a thread was created where there was positive sentiment for increasing the transaction capacity or being negative about the moderation policies or negative about the actions of certain bitcoin developers, the mods of r/bitcoin would selectively change the sorting order of threads to 'controversial' so that the most support opinions would be sorted to the bottom of the thread and the most vitriolic would be sorted to the top of the thread.

This was initially very transparent as it was possible to see that the most downvoted comments were at the top and some of the most upvoted were at the bottom. So they then implemented hiding the voting scores next to the users name. This made impossible to work out the sentiment of the community and when combined with selectively setting the sorting order to controversial it was possible control what information users were seeing. Also, due to the very very large number of removed comments and users it was becoming obvious the scale of censorship going on. To hide this they implemented code in their CSS for the sub that completely hid comments that they had removed so that the censorship itself was hidden. Anyone in support of scaling bitcoin were removed from the main communication channels. Theymos even proudly announced that he didn't care if he had to remove 90% of the users. He also later acknowledged that he knew he had the ability to block support of this software using the control he had over the communication channels.

While this was all going on, Blockstream and it's employees started lobbying the community by paying for conferences about scaling bitcoin, but with the very very strange rule that no decisions could be made and no complete solutions could be proposed. These conferences were likely strategically (and successfully) created to stunt support for the scaling software Gavin and Mike had released by forcing the community to take a "lets wait and see what comes from the conferences" kind of approach. Since no final solutions were allowed at these conferences, they only served to hinder and splinter the communities efforts to find a solution. As the software Gavin and Mike released called BitcoinXT gained support it started to be attacked. Users of the software were attack by DDOS.

>>2935053
>BITB
>ARK
>NMR
>BNT
>SIGT

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>>2935053

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>>2935032
the only rational thing to hold imho

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>>2935032
Hello.

>>2935057
half of my btc was bcc until a minute ago

free money this morning :)

PREASU BUYU BITACOINU CASHU SIR

Old bitcoin is now BitCoin Segwit -> BCS

Look at the mess required for people to even access their BCH and tell me you really believe this will have mainstream crypto appeal.
This is gonna be the plaything for whales for a little while and then it'll fade into obscurity.

Next time you try to scam people try to do it during the pump. When I first saw your threads bitbay dropped from 2000 to 1700 so i never bought into this crap.

comfy gains?

your coin has barely any noticeable volume, and it dipping right now

you will never liquidate at the price you want with that garbage niche coin

not to mention the whole ordeal with the single developer having 100 million bitbays in his personal wallet

>>2934901
I'm just sad that's all I had on those two exchanges as BTC before the fork.

Should have put it all in there...

nice now watch it devalue into 0.08btc or less

>>2934935
Still free 0.18 BCC bruv.

I can turn it into USDT right away...

>>2934754
I've been holding ETH for about a year now. It fucking better.

>>2934754
nice bought 100k!

also reasoning...

>>2934773
if you held for that long, im sure you'll be happy with what you've got now tho

> continues to hold on to btc / bcs while the segwit house gets burned by the blockstream bankers shouting: HODL an BTFD

Why so certain that BTC wont dip further?

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>>2934747
Too much support and an increasing hype, check google news, trends, so many results showing for bitcoin. Normies are increasingly buying BTC especially after their celebrity overlords are shilling it to them. now it is only a matter of time (weeks) before they findout about the existence of other altcoins which will surge thereafter, the better marketed the coin, the more they'll buy into it.


tldr:
-bitcoin will keep surging
-altcoins will follow but only after a couple of weeks (LTC)

>>3014634
dude stop crying and hodl for 2 months you weak hand faggot you will be shocked end of november

>>3014674
shut up cocksucker. hold is a meme hahahah i sold my bags at 3.25 and went all into omg when it was < 3. blow me

>>3014674
care to explain what will be different in 2 months?

>>2934505
shillcunts die by the millions, there is no competition the fight is already lost