Fear and Loathing in Bitcoinlandia - Bitcoin Forex Loans Insurance Busines

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Sunday, October 1, 2017

Fear and Loathing in Bitcoinlandia

For a change, a new wave of uncertainty hangs over Bitcoinlandia. Is a tsunami that threatens to take everything that has been patiently built up over the years, or is a harmless wave break on the shore to flow back then and lost without a trace?

When the panic accelerates the heart and clouding of consciousness, it is time to return to the eternal principles of the supreme, transparent, bright and unforgiving discipline of logic. And who better than the great ForkiusMaximus to remind us that science founded by Aristotle more than twenty centuries has not lost -how utility will lose value if the most basic tool of the intellect! -.

¿Cover of damage caused by Blockstream / Core   by buying altcoins? You should first answer why any altcoin not face the same problems. You can say that DASH or altcoin you like has solved the problem of capturing the development team, but that would be silly. There has never been a problem, since the method for solving it could not be easier: simply change your customer! No need for complicated "master nodes" pools of votes or other schemes and gadgets. It is open source; I forkéalo .

In fact, Classic exists and is very easy to download and start using it. You have not succeeded yet to be widely adopted can be interpreted in several ways, but " we need a better system to make it easier governance of the coin" is a misreading. Easier can not be. Most are not doing it for one reason: for most losses due to Core not weigh enough to make the change worthwhile .

Remember that the crisis of block size, despite years of debate, is still in the future . We can speculate that there is a "Fidelity effect (*)". It 's probably true, but keep in mind that this effect is based on an error: if a company observes policy 1MB Core and concludes that Bitcoin is not scalable , means you have not understood how Bitcoin works. He has not understood how a decentralized cryptocurrency at all works. The Fidelity effect may be real, but not among the companies that really understand the cryptocurrency.

In any case, investors are not clamoring for the echanges allow trading futures Classic , and miners are still not massively adopting Classic. Business operators in the dark markets are not abandoning BTC LTC or ETH, because nobody complains about the high tariffs or binding transactions. This means that all the rotten fish Blockstream / Core is selling us no matter how outrageous now- result is only generating potential problems in the future. If Bitcoin can shake a Blockstream / Core in the future, it will not matter at all. (If you can not, no cryptocurrency can overcome such challenges).

Coverage? Against what? If you really think you need to start from scratch with a new ledger every time someone gets hold of a historical repository, you should seek coverage outside the space of criptomonedas , because your own point of view already contains the belief that a decentralized cryptocurrency it may not work -given that can only be based on trust that will inspire your favorites- developers.

Core encounter as despicable as anyone, but if the abjection of the people of Core mean we have to leave this ledger with a new one , the maturity of the cryptocurrency -any criptomoneda- would be unattainable. Always Dependeríamos of wisdom and benevolence of a team of developers incorruptible , while the price increases billion percent and more. In other words, dependeríamos of a chimera.

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(*) Company retirement fund manager who abandoned plans to integrate Bitcoin because of the dispute over the size of the block.