Bitcoin's and the future of online banking - Page 40

worst case scenario - it goes to zero in few hours due to cracked encryption by quantum computing or something like that.

bad case scenario - bitcoin slowly becomes displaced by other cryptos because it fails to adapt or becomes too regulated or stops provide service required (i think this has started already - smart money is moving out of bitcoin)

Good scenario - bitcoin adapts(protocol changes, side chains or something like that) and becomes great again

what smart money is moving out of BTC specifically? you men the obvious shitcoin BCH pump?

I dont get why you are stubbornly support Roger Ver and that dishonest group

I think I'm the only guy who hasn't bought bitcoin yet haha fml

any cliffs on the situation now?

Why are you supporting corupt blockstream?

They have overtaken bitcoin. They have got rid of original developers or the origonal developers quit out of frustration. They try to make it sounds like miners are evil and hard forks are worse than cancer. They introduce segwit because segwit allows them to control all future updates. They are sponsored by large banks. One of the main outspoken people for blockstream believes the earth is actually flat.

https://www.youtube.com/watch?app=des...t_app=1&noapp=1&v=L0MK7qz13bU

i hope some of you have started buying. it's on a discount. buy now! limited time only!

BCH went up to 2.4k and some ppl dumped it to 1.6k lol man big whales can make absurdly huge waves in these small markets

Yep ! Well fuck that was a stressful few hours ! Everything back to normal in 8h~ Easy money if traded properly today !

On November 12 2017 10:12 Baalim wrote: BCH went up to 2.4k and some ppl dumped it to 1.6k lol man big whales can make absurdly huge waves in these small markets

roger ver dumped 50k btc on bitfinex, then probably pumped bch.

I dumped my BCH about a month ago at $450 lol

cos you are brainwashed by blockstream bud (sorry for rubbing it in, but you need to realise that 90% of communication channels of BTC is controleld by 1 person)

On November 13 2017 07:24 spets1 wrote: cos you are brainwashed by blockstream bud (sorry for rubbing it in, but you need to realise that 90% of communication channels of BTC is controleld by 1 person)

lol

On November 13 2017 07:24 spets1 wrote: cos you are brainwashed by blockstream bud (sorry for rubbing it in, but you need to realise that 90% of communication channels of BTC is controleld by 1 person)

you are an idiot, this was simply a pump and dump move by Roger, this is not growth, just market manipulation

On November 11 2017 07:21 spets1 wrote: Why are you supporting corupt blockstream? They have overtaken bitcoin. They have got rid of original developers or the origonal developers quit out of frustration. They try to make it sounds like miners are evil and hard forks are worse than cancer. They introduce segwit because segwit allows them to control all future updates. They are sponsored by large banks. One of the main outspoken people for blockstream believes the earth is actually flat.

on chain scaling leads to centralized mining, which defeats the most important feature of Bitcoin, which is censorship resistence.


If fast and low fee transfer are more important to you than censorship resistence then use paypal

If you are so against centralization then you must really hate Segwit - it allows the developers to make changes to bitcoin without any consensus. It becomes like microsoft - force upgrade onto the masses. What do you think about that?

On November 14 2017 04:56 Baalim wrote: on chain scaling leads to centralized mining, which defeats the most important feature of Bitcoin, which is censorship resistence. If fast and low fee transfer are more important to you than censorship resistence then use paypal

I want both - this will be done. There are so many altcoins trying different technologies - one of them will come up with a solution.

BCH is not against 2nd layer solutions. Just against the self imposed control of core/blockstream who is trying to monopolize Bitcoin and make it their cash cow.

Tell me don't you agree that Blcokstream having most of developers on payrole whilst being sponsored by AXA a problem? Bitcoin was created to get rid of banks and now we see it being sponsored/developed by banker's money.

whenever someone says core won't implement something, he's actually saying that the community won't come to consensus.

On November 14 2017 05:33 spets1 wrote: If you are so against centralization then you must really hate Segwit - it allows the developers to make changes to bitcoin without any consensus. It becomes like microsoft - force upgrade onto the masses. What do you think about that?

Care to explain why segwit allows that? my technical understanding is limited

And yes I do not like BTC developers being that centralized, altho I am more concerned about mining centralization, and on-block scaling will make sure that mining becomes centralized

On November 14 2017 05:48 spets1 wrote: Show nested quote + On November 14 2017 04:56 Baalim wrote: on chain scaling leads to centralized mining, which defeats the most important feature of Bitcoin, which is censorship resistence. If fast and low fee transfer are more important to you than censorship resistence then use paypal I want both - this will be done. There are so many altcoins trying different technologies - one of them will come up with a solution. BCH is not against 2nd layer solutions. Just against the self imposed control of core/blockstream who is trying to monopolize Bitcoin and make it their cash cow. Tell me don't you agree that Blcokstream having most of developers on payrole whilst being sponsored by AXA a problem? Bitcoin was created to get rid of banks and now we see it being sponsored/developed by banker's money.

Yes perhaps an altcoin becomes much better than BTC, I never said anything that contradicts that.

So to stop this supposed control of BTC they make an alt-coin with future centralized mining? that makes no sense.


As I said yes I dont like developing being so centralized, but its still much better than BCH with on chain scaling, I dont know about AXA sponsoring, having a link?

Blockstream Sponsors (including AXA):
https://www.blockstream.com/about/#investors
Blockstream is proud to be working with leading investors from Asia, Europe and North America, including alphabetically AME Cloud Ventures, AXA Strategic Ventures, Blockchain Capital, Digital Currency Group, Digital Garage, FuturePerfect Ventures, Horizons Ventures, Innovation Endeavors, Khosla Ventures, Mosaic Ventures, Real Ventures, Reid Hoffman, and Seven Seas Venture Partners.


also
https://www.crunchbase.com/search/pri.../blockstream-series-unknown--66d2817a




DCG (Digital Currency Group) is the company invested into blockstream (http://dcg.co/portfolio/). The CEO of DCG is Barry Silbert, a former investment banker, and Mastercard is an investor in DCG.


http://dcg.co/who-we-are/

Three board members are listed, and one Board "Advisor." Three of the four Members/advisors are particularly interesting:

Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018.

Barry Silbert: CEO of DCG (Digital Currency Group, funded by Mastercard) who is also an Ex investment Banker at (Houlihan Lokey)

And then there's the "Board Advisor,"

Lawrence H. Summers:

"Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states, and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act."