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trippinG!
  spets1, May 25 2017

If you guys got any bitcoin or other cryptocurrency questions shoot them out. I'm following the scene quiet closely so would have answers to most I reckon.

going to colombia soon

do you think i might get arrested?
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Bitcoin Anarchy WAR
  spets1, May 10 2017

Whats going on in bitcoin right now fuucken interesting and I am not talking about the price 4x in the last year ($460 to $1700) which in itself massive considering the shitfight thats going on.

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It's pretty much testing anarchy at work. Bitcoin is testing a large expensive ($30Billion) system that has no central authority, no one group of people that can make everyone follow their rules.

It has bunch of groups trying to sway the debate one way or another. The debate is mainly about scaling. The problem is that bitcoin can only have about 3.5 transaction per second. Thats just complete shit. If bitcoin wants to survive it definitely needs to raise that by orders of magnitude to be able to compete with traditional evil, war thirsty, life destroying banking system that we have now.

So there are bunch of groups that are trying to sway the decision. And when so much money is at stake these groups are trying to make bitcoin go the way they want so they can increase the benefits for their own group.

The groups are:

1. Developers team
2. Miners
3. Exchanges
4. Businesses currently using bitcoin
5. Status Quo banks etc
6. General Public, Bitcoin enthusiasts

And these bunch of groups know what a goldmine bitcoin can be and they want this goldmine to work for them.

So anyway what i wanted to say is that Bitcoin is testing how Anarchy works and its damn interesting where its going to go from now.
And it has shown me why Anarchy can never work. There are just too many indecisive, easily swayed, lazy, not caring people that can be manipulated into agreeing into something that is not the best solution. And the best solution is very hard to come up with and most likely does not even exist. So in anarchy the minority are jsut screaming at each other unable to make decisions of authority. Whilst the sheep are baaa'ing one way or another based on propaganda or their beliefs.

My prediction is that it will soon split. It has to split. because right now its losing ground to many other bitcoin forks, copies which are trying to also solve the scaling debate plus introducing crazy new tweaks to the software/blockchain to make it better. But it maybe too late for bitcoin


TLDR: Litecoin FTW

but you never know whats over the edge
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bitcoin may still be your queen
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Comments (15)


so yeah BREAK17
  spets1, Apr 14 2017

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