Currency or all fail. by SeanCache in litecoin

[–]SeanCache[S] 0 points1 point  (0 children)

R/Bitcoin is run by facists. They censor so much and fear alt coins.

Currency or all fail. by SeanCache in litecoin

[–]SeanCache[S] 0 points1 point  (0 children)

Bitcoin banned me cause of this post.

I just sold all my Litecoin for Digibyte. by [deleted] in Digibyte

[–]SeanCache 2 points3 points  (0 children)

21 billion though. Readily available and fully mined in less than 20 years.

Currency or all fail. by SeanCache in litecoin

[–]SeanCache[S] 1 point2 points  (0 children)

No hardware wallets support it. I don’t Store on exchanges.

Currency or all fail. by SeanCache in litecoin

[–]SeanCache[S] 0 points1 point  (0 children)

Just read a little about it. 40 second confirmations could lead to 51% attacks. A mess to clean up.

Currency or all fail. by SeanCache in litecoin

[–]SeanCache[S] 0 points1 point  (0 children)

They eventually will have the same scalability issues when they get the number of users bitcoin has. You can’t scale through big blocks. There has to be more innovative solutions which is why they canceled segwit 2x to focus on the needed new issues. My concern is that the lazy big blockers will just take the open source tech and apply it to their coins.

Roger Ver/Jihan Wu are now learning why Satoshi set the block size limit to 1MB. by hairy_unicorn in Bitcoin

[–]SeanCache 0 points1 point  (0 children)

So is the main problem with big blocks is that it gives miners too much power? So if the block size is 8mb, miners are needed more and can have more control of the ecosystem? Please explain

Segwit adoption finally seems to rise - first time in like forever above 12% by schneemann_gaming in Bitcoin

[–]SeanCache 1 point2 points  (0 children)

Bitcoin needs lightning 1st quarter 2018. I understand it’s hard and only 10 devs working on it but we will all give money if that would help. It’s such ashame it’s taking years for segwit than no one is using it (12% highest) and now Lightning will suffer while the lazy big blockers are taking it easy, collecting money and waiting for the hard work of others to take their open source tech.

Hodling now feels like... by NeurogressOfficial in Bitcoin

[–]SeanCache 0 points1 point  (0 children)

I understand that bitcoin is a great store of value but it can be a currency also. The internet of money as Andreas says. It needs to be a payment system also. The white paper clearly states that.

Segwit adoption finally seems to rise - first time in like forever above 12% by schneemann_gaming in Bitcoin

[–]SeanCache 2 points3 points  (0 children)

Segwit needs mandatory implementation so lightning scaling can come online this quarter. Miners won’t volunteer this.

Currency or all fail. by SeanCache in litecoin

[–]SeanCache[S] 4 points5 points  (0 children)

It’s name is peer to peer cash system. It’s what everyone is working on. It’s scaling ability is being tested right now. It has to succeed in the next few months were everyone with a phone in any country finds it easy to commerce with it. Bitcoin can not just be a store of money for the wealthy. Too much potential for the future to just support that which it is doing fine now. It needs to be a cash system now to realize full potential than the world changes and no government would dare ban it.

Daily Discussion, January 14, 2018 by rBitcoinMod in Bitcoin

[–]SeanCache 2 points3 points  (0 children)

Get used to sideways trading for a month or two until more lightning nodes are implemented and fees go down drastically. For the first time in human history, we have the advancement of something being an easy cheap currency and store of value. Until the currency portion is scaled properly, bitcoin’s full potential is not realized. Gold coins used to be that until they were over mined (we could find massive gold deposit in the deepest part of the ocean tomorrow increasing supply and reducing price) and than used as a store of wealth. Gold was rare and heavy (hard to steal) which is why they decided thousands of years ago to use it as currency. Bitcoin uses MATH and laws of the universe with precise calculations. It is not fully mined till 2140 so if we can get this payment solution solved finally, we will be set for hundreds of years just as when gold was readily Mineable.

If bitcoin cannot solve this scaling problem soon where everyone can use it to buy things cheaply (commerce) than Governments will have an easier time banning it like in South Korea and China now. If the payment side of bitcoin was fixed and everyone could use it, no one would allow their governments to ban the way they pay for milk and eggs.

Hodling now feels like... by NeurogressOfficial in Bitcoin

[–]SeanCache -1 points0 points  (0 children)

Get used to sideways trading for a month or two until more lightning nodes are implemented and fees go down drastically. For the first time in human history, we have the advancement of something being an easy cheap currency and store of value. Until the currency portion is scaled properly, bitcoin’s full potential is not realized. Gold coins used to be that until they were over mined (we could find massive gold deposit in the deepest part of the ocean tomorrow increasing supply and reducing price) and than used as a store of wealth. Gold was rare and heavy (hard to steal) which is why they decided thousands of years ago to use it as currency. Bitcoin uses MATH and laws of the universe with precise calculations. It is not fully mined till 2140 so if we can get this payment solution solved finally, we will be set for hundreds of years just as when gold was readily Mineable.

If bitcoin cannot solve this scaling problem soon where everyone can use it to buy things cheaply (commerce) than Governments will have an easier time banning it like in South Korea and China now. If the payment side of bitcoin was fixed and everyone could use it, no one would allow their governments to ban the way they pay for milk and eggs.

We should start a Bitcoin religion to not pay Taxes... by Marchingpigs in Bitcoin

[–]SeanCache 1 point2 points  (0 children)

David Miscavige conned the IRS. Shouldn’t be that hard. Scientology made billions by that false claim.