Message from @ThisIsChris

Discord ID: 403755825778130946


2018-01-18 00:36:21 UTC  

@ThisIsChris The software developers are already paid by the few largest companies dependent on the crypto networks, like Coinbase and BitPay. Yes, others do get to ride the investment for free, but the big dogs have enough on the line to justify the investment. Just because other people benefit doesn't take away from the benefit experience by the big dogs. And some of the development issues are a result of controversy, not a result of development labor, and instead solved by competing networks, like BCH vs BTC.

2018-01-18 01:46:59 UTC  

@everyone going to make my first IE donation (albeit small) pretty soon, thanks to #cryptocurrency help I've finally started cashing out some of my currency earnings...

2018-01-18 01:47:21 UTC  

Woohoo! Coinbase is working fine now that I made a new bank acct

2018-01-18 01:48:59 UTC  

HODL

2018-01-18 01:49:21 UTC  

@Volkmom nice!

2018-01-18 04:35:40 UTC  

@Tanner - SC , the contention that you can run your own full node to ensure network uptime is in opposition to the block chain purpose - as you said in your second reply. Running mining rigs is like runnig hair dryers and because you are wasting money on colling the room where hair dryers are running you get to give your self some hair dryer coin [HDCs]. The problem it purports to solve just does not exists in the real word. The entire world operates on trust, how could it not? I mean what possible sector of economy could be trust-free. Ok, I suppose you could have a system of BTC to LTC converters (i.e.) that escrows the transaction but what outside block chain is block chain usefull for? Every example is convoluted, a solution looking for a problem.

2018-01-18 04:38:57 UTC  

Note, I said this before but in the interest of full dicslosure: I mine(d) coins since 2012, i speculate in crypto coins, I am not saying people should not be playing with it or making money with it. If you are living in 2003,4,5,6 you might as well speculate in the housing market. I am just saying that probably not every home is going to be worth 1 billion dollars so don't put your savings at risk because there is a bunch of uncertanty.

2018-01-18 05:34:30 UTC  

Nodes and miners are not the same thing. You can run a node without mining.

2018-01-18 05:36:44 UTC  

The problem it solves does exist in the real world. What application outside of currency is block chain useful for? I don’t know, I don’t spend much time thinking about that, but blockchain tech is very useful for the application of a competing currency.

2018-01-18 06:49:27 UTC  

What are you all finding the average mining cut is when donating bitcoin to IE or another group etc?

2018-01-18 07:33:25 UTC  

I don't know, but Bitcoin has retardedly high fees

2018-01-18 15:22:18 UTC  

@Tanner - SC blockchain decentralizes things. so anything you can think of on the internet can be done in this way. first two things past bitcoin that have had moderate success is a blockchain based social media and, in the word right now, a blockchain ISP.

2018-01-18 15:23:23 UTC  

you dont especially need to use blockchain to decentralize either. torrent already does a that, bitchute implements that.

2018-01-18 15:23:39 UTC  

but decentralizing is the future of the internet

2018-01-18 15:25:26 UTC  

OpenBazaar also works this way

2018-01-18 19:56:04 UTC  

https://cdn.discordapp.com/attachments/393499059752796160/403638697636921345/image.jpg

2018-01-18 20:59:58 UTC  

oosh, yeah BitConnect is one of the bigger coins accused of being pump and dump , produced some funny videos from a BitConnect conference in Thailand of this guy https://www.youtube.com/watch?v=NMYIc4gnM-s

2018-01-18 22:30:44 UTC  

Not a pump and dump, but an actual pyramid scheme

2018-01-19 03:41:30 UTC  

Good point

2018-01-19 14:45:47 UTC  

Interesting perspective from a while back https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/

2018-01-19 16:16:31 UTC  

That't can't be true, that guy that lost 500K. No one who has 500K (unless it is lottery winnings i guess) would be dumb enough to do that. 500K into crypto coins haha.

2018-01-19 16:19:11 UTC  

I really hope nobody here is risking anything they are not comfortable losing. Please don't do that. If you have serious money to invest, invest in your health, or property in eastern europe or New Zealand. That being said, once BTC hits 50K it is time to go short MBS-style.

2018-01-19 19:06:17 UTC  

@here just a generic and friendly reminder to not risk money you can't lose. Also that no one here has a crystal ball and unforseen risks can arise.

2018-01-19 19:07:35 UTC  

XRP TO THE MOOOOOOOOOOOONNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN EVERYONE BUY IN NOW!

2018-01-19 22:48:36 UTC  

What Chris said.

2018-01-20 02:49:35 UTC  

How do we sort out the Tether situation?

2018-01-20 02:49:56 UTC  

I could see it going wrong if everyone sells at the same time

2018-01-20 16:13:51 UTC  

hahaha is this for real? There is a fiat currency built on top of non-existent 'digital' currency build on top of electricty wasting tech that makes gaming graphics card had to get. I can't even tell who is jewing who anymore.

2018-01-20 19:10:05 UTC  

BTC trickling up since news of successful Lightening Network uses have been coming out. Checkout /r/Bitcoin for more examples like this https://www.reddit.com/r/Bitcoin/comments/7rkunw/lightning_the_future_just_arrived_at_my_doorstep

2018-01-20 19:13:22 UTC  

/r/Bitcoin is heavily censored, I don't trust anything from that sub

2018-01-20 19:32:49 UTC  

That's true, it's a pro-Bitcoin subreddit. That being said, I'm interested in any news that makes any crypto more valuable. Even though there are many alternative cryptocurrencies that introduce improvements over certain features of BitCoin's technology, I am still interested in any improvement to BitCoin's technology because I think investors' biggest concerns are about solutions to scaling problems in blockchain technology and BitCoin's transaction volume puts it at the frontier of needing innovative scaling solutions. If Bitcoin can't scale then we will need to fundamentally rethink if and how to use cryptocurrencies because if Bitcoin can't scale then eventually any other cryptocurrency will have to confront and try to solve scaling problems, with lots of market uncertainty.

2018-01-20 21:00:39 UTC  

Heavy censorship and "pro-Bitcoin" are not the same thing.

2018-01-20 21:00:58 UTC  

Criticism is literally not allowed, shoah'd immediately in /r/Bitcoin

2018-01-20 21:01:30 UTC  

You will not find a comment there that critiques the lightning network.

2018-01-20 21:01:39 UTC  

There is no debate or discussion.

2018-01-21 00:13:04 UTC  

That's unfortunate

2018-01-22 01:43:36 UTC  

@Tanner - SC Is there a website where I can compare fees and transaction times?