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Quote from: donkeypong on January 15, 2016, 06:17:06 amQuote from: btswildpig on January 15, 2016, 05:45:24 ami thought ccedk was a bts on-ramp ??CCEDK is great, but we still have a ways to go there before we call it a fiat on-ramp. I want people to be able to deposit USD/EUR/CNY/Any-Major-Fiat directly from a bank into the exchange, click-click-click, and then be able to take it out again the same way after trading. Until then, we are dependent on Bitcoin, all of its flaws, and all of the steps necessary to convert fiat into Bitcoin and then BTS or BitAssets, all of which will turn off the majority of potential users.i agree, a set of fiat on/off ramps into BTS is critical for long run growth. maybe even before that, though, it'd be nice to see a variety of secure vaulting, hardware wallets, and other storage mechanisms. Some in the BTC community will be looking for ready alternatives, and BTS should be near the top of the list.
Quote from: btswildpig on January 15, 2016, 05:45:24 ami thought ccedk was a bts on-ramp ??CCEDK is great, but we still have a ways to go there before we call it a fiat on-ramp. I want people to be able to deposit USD/EUR/CNY/Any-Major-Fiat directly from a bank into the exchange, click-click-click, and then be able to take it out again the same way after trading. Until then, we are dependent on Bitcoin, all of its flaws, and all of the steps necessary to convert fiat into Bitcoin and then BTS or BitAssets, all of which will turn off the majority of potential users.
i thought ccedk was a bts on-ramp ??
If BTS had fiat on-ramps, I would spend $10,000 of my own money right now to buy ads proclaiming BitShares to be Bitcoin's successor. Without fiat on-ramps, the whole thing is irrelevant because we are stuck in Bitcoin's inferno.
My responce: https://medium.com/@Samupaha/bitcoin-has-a-governance-problem-2dd1b171f45f#.cjxswylmg
Hearn's ego is the problem here. His shitcoin flopped and now he's butthurt. that's all I got from this blog
Quote from: donkeypong on January 15, 2016, 04:30:39 amWhat they're saying has been true so far. But that does not mean it will continue to be true. Some smart money backed Altavista and Betamax in the beginning, too, but in time the money moved toward the better products.so when do you expect smart money move away from a useless object called "natural diamond" ?
What they're saying has been true so far. But that does not mean it will continue to be true. Some smart money backed Altavista and Betamax in the beginning, too, but in time the money moved toward the better products.
Quote from: btswildpig on January 15, 2016, 04:22:59 amQuote from: BunkerChain Labs on January 15, 2016, 04:15:04 amQuote from: btswildpig on January 15, 2016, 01:40:11 amwhy has every negative prediction about Bitcoin failed , including "pow is waste" ? because .... Bitcoin is not about transaction time , cost , etc . It's about the price/marketcap . When the price is high enough , people will find solution to go around that . Gold production is toxic to the environment , and human still support gold because the cost will also be enormous otherwise .I'll say this . Bitcoin as a crypto may never fail , because it's a perfect object for capital . And capital always beats words and text and logical reasons . (Woman pay high price for a handbag is weird and il-logical , but who cares ? capital already convinced them they should have one . )"Bitcoin has no future whilst it’s controlled by fewer than 10 people."Quote from: btswildpig on January 14, 2016, 02:48:33 ambe practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .It's a fun experiment . Soooo when it's about Bitshares, the core devs are a problem and nobody wants to be exposed. When it's about Bitcoin though, the core devs don't matter.. all the problems don't matter.. its perfect object for capital.. whatever that means.you'll know what it means when BTS has 0.00001 second conformation time while people still choose to hold bitcoin regardless of how many flaw it has . bitcoin devs don't matter because bitcoin's value was never coming from the development . It come from the capital . The capital picked up a software/protocol and convinced people that's gold ."Hot money follows hot investments until it doesn't"What you are describing is the formation of a bubble... bubble can last for a long time, but they all end eventually. Then that hot money has to search for a new bubble to blow (here's to hoping its BTS).
Quote from: BunkerChain Labs on January 15, 2016, 04:15:04 amQuote from: btswildpig on January 15, 2016, 01:40:11 amwhy has every negative prediction about Bitcoin failed , including "pow is waste" ? because .... Bitcoin is not about transaction time , cost , etc . It's about the price/marketcap . When the price is high enough , people will find solution to go around that . Gold production is toxic to the environment , and human still support gold because the cost will also be enormous otherwise .I'll say this . Bitcoin as a crypto may never fail , because it's a perfect object for capital . And capital always beats words and text and logical reasons . (Woman pay high price for a handbag is weird and il-logical , but who cares ? capital already convinced them they should have one . )"Bitcoin has no future whilst it’s controlled by fewer than 10 people."Quote from: btswildpig on January 14, 2016, 02:48:33 ambe practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .It's a fun experiment . Soooo when it's about Bitshares, the core devs are a problem and nobody wants to be exposed. When it's about Bitcoin though, the core devs don't matter.. all the problems don't matter.. its perfect object for capital.. whatever that means.you'll know what it means when BTS has 0.00001 second conformation time while people still choose to hold bitcoin regardless of how many flaw it has . bitcoin devs don't matter because bitcoin's value was never coming from the development . It come from the capital . The capital picked up a software/protocol and convinced people that's gold .
Quote from: btswildpig on January 15, 2016, 01:40:11 amwhy has every negative prediction about Bitcoin failed , including "pow is waste" ? because .... Bitcoin is not about transaction time , cost , etc . It's about the price/marketcap . When the price is high enough , people will find solution to go around that . Gold production is toxic to the environment , and human still support gold because the cost will also be enormous otherwise .I'll say this . Bitcoin as a crypto may never fail , because it's a perfect object for capital . And capital always beats words and text and logical reasons . (Woman pay high price for a handbag is weird and il-logical , but who cares ? capital already convinced them they should have one . )"Bitcoin has no future whilst it’s controlled by fewer than 10 people."Quote from: btswildpig on January 14, 2016, 02:48:33 ambe practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .It's a fun experiment . Soooo when it's about Bitshares, the core devs are a problem and nobody wants to be exposed. When it's about Bitcoin though, the core devs don't matter.. all the problems don't matter.. its perfect object for capital.. whatever that means.
why has every negative prediction about Bitcoin failed , including "pow is waste" ? because .... Bitcoin is not about transaction time , cost , etc . It's about the price/marketcap . When the price is high enough , people will find solution to go around that . Gold production is toxic to the environment , and human still support gold because the cost will also be enormous otherwise .I'll say this . Bitcoin as a crypto may never fail , because it's a perfect object for capital . And capital always beats words and text and logical reasons . (Woman pay high price for a handbag is weird and il-logical , but who cares ? capital already convinced them they should have one . )
be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .It's a fun experiment .
It's pretty much true obviously, but he's been saying it/talking down BTC for ages. Here he is telling Max Wright similar stuff 16 months ago. https://www.cryptocoinsnews.com/bitcoin-really-fragile-bitcoin-core-developer-mike-hearn/Quote from: Akado on January 15, 2016, 12:11:19 amLet's get Mike to code for BitShares I assume he's a developer on 'Decred', the new crypto-currency Bitcoin developers are creating that pays 10% of each block subsidy to a development organization.
Let's get Mike to code for BitShares
The issue is that it’s now officially impossible to depend upon the bitcoin network anymore to know when or if your payment will be transacted, because the congestion is so bad that even minor spikes in volume create dramatic changes in network conditions
wow. Thats a stunning read.