er
8 years ago in #cryptocurrency by bitcoinflood (79)
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All of this drama, animosity and bullshit because of a badly-needed, measly 2mb block size upgrade?
After spending several years in cryptos and watching the bitcoin scaling debate unfold, I now understand why the world is the way it is!
Big gobs of money do funny things to people's values, morals and ethics.
Seriously! Enough forking around!!!
lol I am right there with ya these where planned for a few months so I am ok with segwit2x coming up but after that 100% agree they need to stop and bitcoins core developers need to show us a clear path for the blockchain.
this is seemingly an inherit issue with blockchains, right? Since they are based on consensus, you can have a large percentage of people get together and make changes.
Depends on how the blockchain works not all work in the same way bitcoin does with ASIC miners. However controls the most amount of mining power can dictate how they want bitcoin to run if they took 51% control. It use to be more of an issue back in the early years of bitcoin.
haha that very punny!
Wait ICOs are banned in the US?
Yup or so close to it that you seriously don't want to get mixed up in it. Just do a google search on it and you will see the plethora of reasons why not to get involved if you live in the USA. Also most new ICOs will block USA IP addresses and not even allow you on the site.
Wow yeah thats crazy, it's not so simple.
Funny thing i came across - this guy's got the right idea:
"On the other end of the spectrum, there are ICOs like Useless coin which started as a joke by someone who goes by “UET CEO” and was sold as transparently offering investors “no value, no security, and no product. Just me, spending your money.” It should have just been a satirical comment on the precarious nature of ICOs, but it still got some investors and currently has a market cap of about $64,000."
https://gizmodo.com/what-are-icos-and-why-are-they-getting-banned-in-china-1800922340
If you have internet (and know what to do) you can do whatever you want, from all countries.
There will always be winners and losers. Bitcoin may eventually be the loser, but this is what happens in a free market. People can make whatever "improvements" they want.
I agree there needs to be more education out there on crypto, but I don't think forks are the enemy.
Good job.go ahead my friend.
I definitely agree with your points and think that forks are being used in the way ICO's used to be, however some of them are needed to improve how a coin works for its investors. Saying that though they must be clear on what they want to happen after the fork is done and can't just keep doing them cause it will water down the value as you noted. I will be putting my bitcoin holdings into coinbase in order to get an equal amount of B2x. I am hoping I will be able to exchange that extra into another coin, but we will see. Thanks for sharing!!
img credz: pixabay.com
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Im looking forward to SegWit2x to see what it brings to the market 👍🏼
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I can't wait to see what it will bring to the market.
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Excellent message .. I invite you to go through my profile and see my content
I'm going to pick up alt coins before fork. And let the bitcoin this and bitcoin that be.
If ya'll want a strong investment plan visit https://bitpetite.com/?aff=kipparinga (bitpetite) Its a bittumbler that privatizes btc transactions using other currencies. You as an investor get paid dividends from fees they charge people to use their service.
You can invest your BTC, ETH, LTC and or XMR into bitpetite for either;
6 weeks - 4.5% daily and 1 % on weekends. Total return - 147% (47%, 100% being your original investment)
9 weeks - 3.6% daily 1% on weekends. Total return - 180% (80%, 100% being your original investment)
They recently updated their server to allow almost instantaneous withdrawals - you get paid hourly through dividends and can withdraw on demand. (within the minimum amount which is less than 5 dollars)
I would deem it low - medium risk as of now -
Good luck and happy investing :)
https://steemit.com/photography/@gurkangur/guide-to-arambol-way-to-heaven