It’s been 10 year of stacking. Just over 10BTC. With an average buy price right at $5700. All for some stupid house for these dumb ass kids and this wife thing I got hanging around. I know this was the whole point of it all but man it’s like losing a friend in a way. BTC has been around than a lot of my relationships I currently have. I’ll still stack but man am I sad.
Moving On To Bitcoin Blake
Correct me if I'm wrong, but I'm fairly certain LTC does what all these people wanting to fork are asking. They seemingly want two things:
1.) Smaller op return
2.) Different mining algo.
But be fair launch proof of work with no insiders waiting to rugpull them. Well:
Litecoin already does that from my understanding. Bitcoin Core v30+: ~100,000 vbytes default data-carrier limit
Litecoin Core: 83 bytes default
BTC: SHA-256
LTC: SCRYPT
https://www.youtube.com/watch?v=QMeceiUktIk
This is an opportunity to educate these people that another version of Bitcoin does what they are asking already and was a fair launch. I suspect the argument against it is "Charlie sold", but remind them Charlie didn't have any advantage over the hundreds of other miners that were mining at launch. So get out there and evangelize these BIP 110ers!
Even with this horrible sentiment, LTC is still doing ~ 150k transactions per day. I have a hunch that'll be significantly more than the Bitcoin fork will pull. Also if this is about the node runners and decentralization, LTC node is ~200 GB vs BTC's like 700 GB or whatever.
P.S. rather than just downvoting, provide an argument. Reason with me. Let's talk about this rationally
I made a few posts about this topic so far unironically getting more insight into the topic in general from redditors. It feels like speculation around Michael will be endless, man transfers billions in a span of the week yet everything comes back to Bitcoin.
How does "Not Sell Bitcoin this week" become a headline?
What's the "Strategy" here?
Dear Heavenly Father,
I lift Luke Dashjr up to you and ask that you place your mighty protection around him. Give him courage, wisdom and strength as he faces this fight against evil. Help him stand firmly in what is good and true. Surround him with your presence and keep him safe from every form of evil, danger, fear and harm. Guard his mind, his heart, his body and his spirit. Let him not be overcome by fear but fill him with your peace and confidence. Lord, go before Luke and make his path clear. Be his shield when he is threatened, his strength when he is weary and his light when darkness surrounds him. Strengthen him when he grows weary and continue giving him wisdom to know what is right. Surround him with people who will encourage and support him. Place your angels around him and keep him under your loving care. May Luke remain protected and surrounded by your grace. In your mighty name I pray.
Amen
I 100% support BIP-110, and I truly believe it's the real Bitcoin. That is, because it keeps the same spirit and vision of the original project.
Also, in September I'm evaluating the idea to become a miner too, and put my money where my mouth is.
But I have a doubt: let's assume that Bitcoin Core keep being the biggest hash chain, and it's unfortunately very possible, why would any one want to keep the BIP-110 Bitcoins, if not only for ideological reasons?
There are other crypto projects that are serious, ideologically and technologically solid. The main reason Bitcoin is also the most economically valuable is that it's the one that most people trust, for investing purposes.
So you think that is possible that BIP-110 Bitcoin will never match the same USD value of core-Bitcoin?
Is it possible that it will always have a similar value of other alt-cryptos and never be the "big boy" again?