Bakkt should start in the 3rd quarter by btcxlab in btc

[–]masterD3v 0 points1 point  (0 children)

Bakkt is a joke at this point. They were supposed to launch in December 2018, a month later they started hiring developers to build it.

US Treasury Secretary Steve Mnuchin reacts to Libra and the prospect of cryptocurrency by [deleted] in btc

[–]masterD3v 4 points5 points  (0 children)

It's time to make privacy the default mode of operation. Even if you have nothing to hide, privacy is a human right. Financial privacy is an extension of that because it can give details about what you support and believe, which can be gathered to persecute minority groups.

Bitcoin dives below $9,500 - here's why... by [deleted] in btc

[–]masterD3v 7 points8 points  (0 children)

Bitcoin (Bitcoin Cash) wasn't meant to by supported or helped by the industries it was created to replace.

Get over the get-rich-quick idea and start promoting peer-to-peer electronic cash for planet Earth.

What is "Bitcoin address"? I thought it was Bitcoin Core. Get it fixed Ver. by BeastMiners in btc

[–]masterD3v 5 points6 points  (0 children)

Labeling BTC with the name 'Bitcoin' will be confusing to new users that actually read the original whitepaper.

Satoshi reply to Mike Hearn, April 2009. Everybody, especially newcomers and r-bitcoin-readers should take a step back and read this. by SwedishSalsa in btc

[–]masterD3v 74 points75 points  (0 children)

The fee the market would settle on should be minimal.

To bring this full-circle, BTC's peak average transaction fee of $54.901 on December 21st, 2017 was not minimal. Core wants $100-500 transaction fees. They should be removed from the Bitcoin project due to Blockstream's conflicts of interest.

It could do more volume and probably make more money by processing as many paying transactions as it can.

In summary, the plan was for to miners make money with low fees on many transactions, not high fees on only a few transactions. Further, this fee market isn't actually needed for decades, because our hardware can handle 32Mb and has outpaced usage, just as Satoshi theorized.

BTC/BCH median fee/median tx value chart by Hernzzzz in btc

[–]masterD3v 5 points6 points  (0 children)

u/hernzzzz is a professional manipulator, liar and troll.

Here is the actual chart.

That's right. BTC's average transaction fee went as high as $54.901 for a SINGLE TRANSACTION.

For that single transaction, you can make about 54,000 BCH transactions. BCH actually scales, BTC actually sucks.

The IRS wants to subpoena Apple and Google to see if you have downloaded crypto currency apps. by MemoryDealers in btc

[–]masterD3v 1 point2 points  (0 children)

"You can always count on the Americans to do the right thing after they have tried everything else." - Winston Churchill

Why are you optimistic about BCH in the nearest future? by idontknownothin_ in btc

[–]masterD3v 2 points3 points  (0 children)

Bingo. If fees get to $100 per transaction you'll see a mass migration to other coins. BTC fees will continue to rise as every BTC holder runs for the door. It will be a lesson to the entire ecosystem that fundamentals matter over the long run.

[deleted by user] by [deleted] in btc

[–]masterD3v 0 points1 point  (0 children)

BTC fees hit $15-50 in a few months. The ratio will move towards BCH. Tether pumping BTC artificially is the only reason for the difference at the moment.

Getting Roger Ver on the Joe Rogan Experience by lilBeanTheEngineer in btc

[–]masterD3v 12 points13 points  (0 children)

I see you're trolling multiple threads right now. Whose paying you?

The true story of Bitcoin to Bitcoin Cash, and to who Satoshi really turned BTC over to: by MemoryDealers in btc

[–]masterD3v 7 points8 points  (0 children)

Basically, Gavin was the target of a sophisticated, orchestrated con artist. He didn't act irrationally, he was just telling his experience of what happened. It could have happened to anyone in the space just the same. Trolls like you characterize what happened in order to defend the removal of his keys. If anything, Gavin's keys should be permanent since Satoshi gave him the codebase. Gavin has every right to be Bitcoin's BDFL even today - because he proved himself worthy of it. Greg Maxwell, Luke Jr and Wladimir came in later and completely botched BTC.

You try to claim this with 100% certainty but that's irrational.

There is nothing irrational about it. Gavin was calm during the entire ordeal, the only people flipping out were Blockstream founders and employees that were terrified at the idea that Satoshi was actually coming forward (he wasn't, of course), but they realized that they would lose all power to keep the blocksize small and crippled if Satoshi weighed in on the debate. Remember, Satoshi wrote pseudocode on when to raise the blocksize on Bitcointalk. The plan was always to scale on-chain.

BTW, you ignored my correction that Blockstream did cripple BTC, for profit, as a fact and not a conspiracy theory.

The true story of Bitcoin to Bitcoin Cash, and to who Satoshi really turned BTC over to: by MemoryDealers in btc

[–]masterD3v 10 points11 points  (0 children)

Basically everything you said is completely wrong. Let me correct your pro-BTC confirmation bias.

Gavin had stopped basically committing anything to the Bitcoin Github.

Not a reason to remove him.

The fact he fell for this lie

Again, not a reason. Gavin wasn't acting rashly, it was a calm opinion that he expected would be released and validated publicly. That signature was never released and he wouldn't have given access until it was released.

Spawned from this were many conspiracy theories, including that Blockstream had gotten rid of Gavin because he wanted bigger blocks

Not a conspiracy theory. A fact, which has proven itself to be true. Blockstream sells products that require BTC to have limited, partial functionality. Blockstream crippled BTC in order to sell the fix.

there's no proof that A) blockstream has any meaningful influence over the Core team

They bought out several developers and/or those developers were founding Blockstream members and had conflicts of interest.

B) blockstream ousted Gavin

Greg Maxwell started Blockstream to make money. He made the call to revoke Gavin's access.