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Five Reasons Why Bitcoin Watchers Shouldn’t Worry

Five Reasons Why Bitcoin Watchers Shouldn’t Worry submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Five Reasons Why Bitcoin Watchers Shouldn’t Worry

Five Reasons Why Bitcoin Watchers Shouldn’t Worry submitted by Ricktap458 to BestBitcoinNews [link] [comments]

Five Reasons Why Bitcoin Watchers Shouldn’t Worry

Five Reasons Why Bitcoin Watchers Shouldn’t Worry submitted by leftok to atbitcoin [link] [comments]

Five Reasons Why Bitcoin Watchers Shouldn’t Worry

Five Reasons Why Bitcoin Watchers Shouldn’t Worry submitted by Link0000054 to Bitcoin_2019 [link] [comments]

Impressions of a long-time Bitcoin watcher

I've been following Bitcoin for about 4 years now. Having studied computer science and being interested in finance, Bitcoin is absolutely fascinating for me. I invested in Bitcoin early and I have been making small monthly purchases for about 3 years. I have a nice tidy sum invested.
I have also been closely following the Bitcoin scaling debate. At first I thought this was something that would resolve itself as there are many smart people involved (much smarter than myself) and it would be in Bitcoin's best interest to come up with a common solution.
However, I have seen this devolve from a technical discourse to mud flinging and name calling. From what I can see, both sides are willing to cut off their nose to spite their face!
For the first time since I invested in Bitcoin, I am truly concerned for the long-term viability of the community (and I was involved in the Mt Gox fiasco). At this point, neither side is willing to budge, and the brinkmanship is putting the entire community in real danger. While it is true that technically the fork with the best solution will win, the optics of a split to the MSM and others who are not familiar with the more technical aspects of Bitcoin will see a bunch of children name-calling and taking their ball and going home when they can't play the game according to their rules.
In the case of a fork, I think both sides would be hobbled. Core would retain the excellent technical expertise and the wide community adoption, but would be severly reduced in hash power diminishing the security of the network. Also, with Roger Ver's 300,000 BTC, he could crash the price of Bitcoin if he chose to sell all of his BTC for BTU. BU of course has the power of Bitmain behind them, as well as Roger Ver's deep pockets. However, I can't say if the Bitcoin community outside the miners would really support BU if they forced a fork. I would imgine that many would then consider Bitcoin unreliable and either move on to the next Crypto or foresake cryptocurrencies alltogether.
We desperately need a compromise between the two camps. Someone needs to be the adult and admit that both sides have made mistakes. Personally, I think SW+2MB blocks would be just fine, but that's just me. Regardless, somebody has to make the first move!
If we can't make this work, then I'm afraid that Mike Hearn will be correct, and the community is just too toxic for any kind of long-term collaboration to happen. And that would be incredibly sad because this technology has such potential (and not just to make me rich...)
I know my two cents won't mean much, but it would be a real pity if this community fractured and lost its momentum out of stubbornness.
If you're wondering, I created a reddit account solely to post this message. I will be posting this on both subs.
submitted by kchriste145 to Bitcoin [link] [comments]

Five Reasons Why Bitcoin Watchers Shouldn’t Worry

Five Reasons Why Bitcoin Watchers Shouldn’t Worry submitted by fishballdart to Only_Bitcoin [link] [comments]

Bitcoin Watchers Are Blaming the Slump on the Moon

Bitcoin Watchers Are Blaming the Slump on the Moon submitted by btowntkd to Bitcoin [link] [comments]

Impressions of a long-time Bitcoin watcher (via u/kchriste145)

This post is a copy of one by u/kchriste145 - sharing because he/she created an account only for this post but btc doesn't allow new accounts to make it to top page.
I've been following Bitcoin for about 4 years now. Having studied computer science and being interested in finance, Bitcoin is absolutely fascinating for me. I invested in Bitcoin early and I have been making small monthly purchases for about 3 years. I have a nice tidy sum invested. I have also been closely following the Bitcoin scaling debate. At first I thought this was something that would resolve itself as there are many smart people involved (much smarter than myself) and it would be in Bitcoin's best interest to come up with a common solution. However, I have seen this devolve from a technical discourse to mud flinging and name calling. From what I can see, both sides are willing to cut off their nose to spite their face! For the first time since I invested in Bitcoin, I am truly concerned for the long-term viability of the community (and I was involved in the Mt Gox fiasco). At this point, neither side is willing to budge, and the brinkmanship is putting the entire community in real danger. While it is true that technically the fork with the best solution will win, the optics of a split to the MSM and others who are not familiar with the more technical aspects of Bitcoin will see a bunch of children name-calling and taking their ball and going home when they can't play the game according to their rules. In the case of a fork, I think both sides would be hobbled. Core would retain the excellent technical expertise and the wide community adoption, but would be severly reduced in hash power diminishing the security of the network. Also, with Roger Ver's 300,000 BTC, he could crash the price of Bitcoin if he chose to sell all of his BTC for BTU. BU of course has the power of Bitmain behind them, as well as Roger Ver's deep pockets. However, I can't say if the Bitcoin community outside the miners would really support BU if they forced a fork. I would imgine that many would then consider Bitcoin unreliable and either move on to the next Crypto or foresake cryptocurrencies alltogether. We desperately need a compromise between the two camps. Someone needs to be the adult and admit that both sides have made mistakes. Personally, I think SW+2MB blocks would be just fine, but that's just me. Regardless, somebody has to make the first move! If we can't make this work, then I'm afraid that Mike Hearn will be correct, and the community is just too toxic for any kind of long-term collaboration to happen. And that would be incredibly sad because this technology has such potential (and not just to make me rich...) I know my two cents won't mean much, but it would be a real pity if this community fractured and lost its momentum out of stubbornness. If you're wondering, I created a reddit account solely to post this message. I will be posting this on both subs.
submitted by awertheim to btc [link] [comments]

Impressions of a long-time Bitcoin watcher

I've been following Bitcoin for about 4 years now. Having studied computer science and being interested in finance, Bitcoin is absolutely fascinating for me. I invested in Bitcoin early and I have been making small monthly purchases for about 3 years. I have a nice tidy sum invested.
I have also been closely following the Bitcoin scaling debate. At first I thought this was something that would resolve itself as there are many smart people involved (much smarter than myself) and it would be in Bitcoin's best interest to come up with a common solution.
However, I have seen this devolve from a technical discourse to mud flinging and name calling. From what I can see, both sides are willing to cut off their nose to spite their face!
For the first time since I invested in Bitcoin, I am truly concerned for the long-term viability of the community (and I was involved in the Mt Gox fiasco). At this point, neither side is willing to budge, and the brinkmanship is putting the entire community in real danger. While it is true that technically the fork with the best solution will win, the optics of a split to the MSM and others who are not familiar with the more technical aspects of Bitcoin will see a bunch of children name-calling and taking their ball and going home when they can't play the game according to their rules.
In the case of a fork, I think both sides would be hobbled. Core would retain the excellent technical expertise and the wide community adoption, but would be severly reduced in hash power diminishing the security of the network. Also, with Roger Ver's 300,000 BTC, he could crash the price of Bitcoin if he chose to sell all of his BTC for BTU. BU of course has the power of Bitmain behind them, as well as Roger Ver's deep pockets. However, I can't say if the Bitcoin community outside the miners would really support BU if they forced a fork. I would imgine that many would then consider Bitcoin unreliable and either move on to the next Crypto or foresake cryptocurrencies alltogether.
We desperately need a compromise between the two camps. Someone needs to be the adult and admit that both sides have made mistakes. Personally, I think SW+2MB blocks would be just fine, but that's just me. Regardless, somebody has to make the first move!
If we can't make this work, then I'm afraid that Mike Hearn will be correct, and the community is just too toxic for any kind of long-term collaboration to happen. And that would be incredibly sad because this technology has such potential (and not just to make me rich...)
I know my two cents won't mean much, but it would be a real pity if this community fractured and lost its momentum out of stubbornness.
If you're wondering, I created a reddit account solely to post this message. I will be posting this on both subs.
submitted by kchriste145 to btc [link] [comments]

Bitcoin Watchers: Think Protocol, Not Price

Bitcoin Watchers: Think Protocol, Not Price submitted by waspoza to Bitcoin [link] [comments]

Bitcoin Watchers Are Blaming the Slump on the Moon

This is the best tl;dr I could make, original reduced by 34%. (I'm a bot)
If regulatory concerns aren't enough to explain Bitcoin's 50 percent slump from its record high reached last month, how about blaming it on the moon?
The Lunar New Year, which marks the first day of the year in the Chinese calendar, is being cited by some as contributing to Bitcoin's slump as Asian traders cash out their cryptocurrencies to travel and buy gifts for the holiday that starts Feb. 16 this year.
"The January drop is a recurring theme in cryptocurrencies as people celebrating the Chinese New Year, aka Lunar New Year, exchange their crypto for fiat currency," said Alexander Wallin, chief executive officer of trading social network SprinkleBit in New York.
Bitcoin had a similar decline at the beginning of 2017, when it slumped from a high of $1,162 to a low of $752 in January, similar to what happened in the first month of the prior year.
In 2017, the total cryptocurrency market peaked on Jan. 5 at $22 billion, only to bottom out a week later at about $14 billion, Joe DiPasquale, who manages cryptocurrency fund of funds BitBull Capital, wrote in a report.
That's little comfort to Bitcoin investors who have seen prices tumble this year after the cryptocurrency surged 1,400 percent last year.
Summary Source | FAQ | Feedback | Top keywords: Year#1 Bitcoin#2 cryptocurrency#3 traders#4 New#5
Post found in /nottheonion, /BitcoinAll, /Bitcoin and /wallstreetbets.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

[Business] - Bitcoin watchers blame the cryptocurrency's slump on the moon

[Business] - Bitcoin watchers blame the cryptocurrency's slump on the moon submitted by AutoNewsAdmin to LATIMESauto [link] [comments]

Bitcoin Watchers Are Blaming the Slump on the Moon

Bitcoin Watchers Are Blaming the Slump on the Moon submitted by personaontherun to thenewsrightnow [link] [comments]

[Business] - Bitcoin watchers blame the cryptocurrency's slump on the moon | LA Times

[Business] - Bitcoin watchers blame the cryptocurrency's slump on the moon | LA Times submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

@technology: Bitcoin watchers are blaming the slump on the moon https://t.co/3hWtUtzpvb https://t.co/61AoB7BEud

@technology: Bitcoin watchers are blaming the slump on the moon https://t.co/3hWtUtzpvb https://t.co/61AoB7BEud submitted by -en- to newsbotbot [link] [comments]

What Bitcoin Watchers Are Saying After the Surge Past $10,000

What Bitcoin Watchers Are Saying After the Surge Past $10,000 submitted by personaontherun to thenewsrightnow [link] [comments]

Bitcoin Watchers Are Blaming the Slump on the Moon – Bloomberg

Bitcoin Watchers Are Blaming the Slump on the Moon – Bloomberg submitted by leftok to atbitcoin [link] [comments]

View from a long time Bitcoin watcher

About a month ago, I posted my impressions of the state of the Bitcoin community.
https://www.reddit.com/Bitcoin/comments/5zsy8b/impressions_of_a_longtime_bitcoin_watche
At the time, I was quite concerned about the possibility of a fork in the Bitcoin blockchain, and the possible effects it would have on Bitcoin (and being a Bitcoin holder, the price). As we know, a month in Bitcoin land is an eternity, and much has changed since then.
These days, I'm much more optimisitic about the future of Bitcoin. I think the chance of a split in the chain has been drasticly reduced, and the community is slowly coalecing around a common solution.
First, it's clear that the wide majority of Bitcoin related businesses do not want a split, and particularly do not want BU. Even the most hard-headed, determined miner would not split the network if they thought that what they'd be mining would be worthless. Say what you want about Jihan, Roger et al., but in the end, despite what they say or tweet, they won't commit economic suicide by splitting the chain and ending up on the losing side.
Second, at the time I think I was reading reddit too much... My impressions started to be clouded by the rhetoric from the various parties involved, and not on the tech or concrete actions people were taking. Case in point is Wang Chun. I would read his tweets and be alternatively excited and terrified at what we was going to do with his massive hash rate. After taking a breath and reviewing his actions instead of this tweets, it became clear that he was definitely trending towards Segwit; first with Syscoin, then with Litecoin, then with Bitcoin. He's a business man afer all, and he can see the writing on the wall. I think that after a while, others will come to the same conclusion and also signal Segwit. Eventually, it will only be Jihan and his affiliated pools signalling BU.
Ultimately, it will be up to Jihan as to when Segwit will activate. I think he has three options: 1) Signal Segwit now and end the tedious debate with a minimal amount of pain for him, 2) Keep singalling BU until he's the only one left, frustrating the community and causing something like UASF to force him to singal Segwit, or 3) fork off by creating a block larger than 1MB and seeing how that goes. Personally, I think the longer he waits, the more painful it's going to be for him.
I think we're ultimately heading in the right direction. Bitcoin is an amazing technological and economic advance that has the power to change the world. Anything this big and important cannot be changed on a dime. If we're going to do this right, it will take time and careful execution. We must be patient - This isn't a mom and pop operation, but a global financial revolution.
Economic and technical realities will eventually bring everyone onto the same side. The only question is who identifies these realities early enough to benefit from them, and who will be dragged into reality at great personal cost.
submitted by kchriste145 to Bitcoin [link] [comments]

@technology: Here's what bitcoin watchers are saying after the surge past $10,000 https://t.co/lfVI783m9Q https://t.co/osEBwRAn0e

@technology: Here's what bitcoin watchers are saying after the surge past $10,000 https://t.co/lfVI783m9Q https://t.co/osEBwRAn0e submitted by -en- to newsbotbot [link] [comments]

[Bloomberg Business] What bitcoin watchers are saying after the surge past $10,000 https://t.co/z5pNWjvo4W https://t.co/9f2IPNXMWc

[Bloomberg Business] What bitcoin watchers are saying after the surge past $10,000 https://t.co/z5pNWjvo4W https://t.co/9f2IPNXMWc submitted by jeff98379 to newstweetfeed [link] [comments]

What Bitcoin Watchers Are Saying After the Surge Past $10,000

What Bitcoin Watchers Are Saying After the Surge Past $10,000 submitted by Windowly to btc [link] [comments]

What Bitcoin Watchers Are Saying After the Surge Past $10,000

What Bitcoin Watchers Are Saying After the Surge Past $10,000 submitted by BitcoinAllBot to BitcoinAll [link] [comments]

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How to Use a Bitcoin ATM - YouTube

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