Say… I’m a top-dog banker.Better yet, I’m the one running the printers.Well one day, some no good two-timing punk-ass kid called Bitcoin appeared out of nowhere, gunning for my lunch.After a few failed attempts to sabotage the project, I’ve decided that if I can’t beat them, I might as well join them… and in the process, own them. showed all , or all ?I don’t care what cryptocurrency I’m buying.Who gives a sh*t?!Try this one on for size: Proof-Of-I-Piss-More-Money-For-Breakfast-Than-All-Of-Your-Net-Worths-Combined, fool!This is how it works: You have bills to pay.Bills you pay in dollars.When you pay, I’m the one you’re paying.Whatever “gains” you have, you’re going to hand over to me.They will become my gains.See, right around here, I started buying: Every time you sell, I get your lunch money.Whether it be from the taxes exchanges pay, the taxes you pay, or because I happened to be on the other side of that trade, I get your Bitcoin, and you get my dollars.

Dollars I’m more than happy to give.(There’s plenty more where those came from!🤗) I could buy the entire market in one day if I wanted to—with pocket change—but lack of liquidity in the market doesn’t allow me to.So I’ll do it a day at a time.Sure, because I can’t create Bitcoin, I’m forced to go through this rigmarole, but it’s OK, I’ve done it countless times before.fca and bitcoinI have my hands in every pocket.cambiar bitcoin a euroPublicly, I’ll poo-poo Bitcoin.free bitcoin kenoPrivately, I’ll own it.bitcoin mt4 tradingHell, I might even grow to like it!bitcoin into pkr

😜 You’re all my slaves.I don’t care how much money you think you have — I control dollars, and therefore, I control you.Sure, we all know Bitcoin (and certainly the entire cryptocurrency market), is worth more than Facebook, but how long can you hang on before we get there?Share this with anyone who dares say the word "bubble"./UnPA3Rll78 — Greg Slepak (@taoeffect) May 23, 2017 I’m the one creating these waves.kraken bitcoin usdI buy a lot, wait for the happy faces (“all green!”), then I sell.bitcoin kreditkarte kaufenWhen I sell, it doesn’t take long to show all red.bitcoin volume meaningIt is and it isn’t a bubble.etherium blackIt’s like sex, except sex that ends with me owning your bitcoins, and you again my slave.

Let’s say you notice that some cryptocurrency is consistently undervalued, so you buy it.That might give you a smoother ride, but remember, I buy them all!Even the sh*t coins.I don’t have time or the interest to sort out which ones are which.No one can stop me.True, those who are able to hold on and ride out these waves could become a problem later on… but that’s not going to happen.You still need those dollars.You still pay your rent in dollars.You still buy your food in dollars.You still measure your cryptocurrency in dollars.Like a junky, you’ll keep coming back.And soon, you will be mine.— Your friendly neighborhood Cthulhu @/bF4cYPDZqM — Aran Dunkley (@AranDunkley) May 26, 2017 Same here.I'd rather be poor than finance the United States war machine.🖕 $USD.https://t.co/5UqQAlNXwe — Greg Slepak (@taoeffect) May 26, 2017 OH: "I haven't yet regretted buying bitcoin but I've always regretted selling it."#HODL — John Light (@lightcoin) May 10, 2017 Good news (not mentioned in this post) is that other mega-mega rich people exist.

Expect a "battle of the titans".https://t.co/sxGVcV10Ld — Greg Slepak (@taoeffect) May 27, 2017Blocks are filling up, this is expected and 100% natural and will happen to any popular decentralized cryptocurrency with Bitcoin’s design.Do we panic at an event we knew would happen?Do we spread FUD?Do we scream “HARD FORK TO CENTRALIZATION!”?Or shout “FEE EVENT AAARGHLEBARGLE!”?We calmly make a button that says Fix the problem.This is what it does: In the future, your wallet is so smart that it always sends transactions with intelligent fees so they almost never get stuck, but for now you have this button.It sends an RBF or CPFP transaction to fix the problem and voila!The problem is fixed without any drama and you can go about your business.You send a transaction and it doesn’t have enough fees to get into a block so it gets stuck—what do you do?Obviously, you send another transaction with a higher fee!Those are called Replace-By-Fee and Child-Pays-For-Parent transactions—two slightly different mechanisms for doing pretty much the same thing.

CPFP, functionally speaking, is a type of RBF transaction whose output (the address(es) you are sending funds to) is unchanged.Its works slightly differently in that two transactions get committed into a block instead of one (like in RBF).An RBF transaction replaces a previous uncommitted transaction and lets you change both its fee and its output.RBF is less expensive than CPFP because you only pay for the fee of one transaction, and it’s more convenient because you can undo “stuck” or mistaken transactions.EDIT March 6, 2016: Actually, it’s a bit more sticky than that.CPFP only allows users to fix their transaction if it was sent with a wallet that uses change addresses.If no change address was used, then only the recipient can fix the “stuck” transaction.Otherwise it will be in limbo until it gets kicked out of the node mempools (potentially many days), or eventually gets accepted into a block.Whoever told you that needs to learn Bitcoin!RBF is essential to Bitcoin!

Without RBF, Bitcoin’s user experience would be severly compromised, and without both RBF and CPFP people would lose Bitcoins.In a world with fees, all transactions should be RBF-enabled by default!However, because a seemingly large number of folk on reddit (who may or may not all be one person with sock puppets) who didn’t understand Bitcoin decided to complain, the Core Devs caved and made RBF “opt-in”, which is bad.RBF should be opt-out.Thankfully, that’s not a big deal because CPFP uses a mechanism that will work whether or not you chose to opt-in to RBF.RBF is superior to CPFP since it’s cheaper and allows cancellation, but oh well, you made this bed thanks to your complaints, so now sleep in it!Is your business aching for unnecessary danger?Owning Bitcoins got you bored?Well OK, but then it’s on to opt-out of safety—not on others to opt-in to it!Merchants that want to play with fire can take advantage of CPFP’s ability to allow them to pay for the costs of fixing a stuck transaction.

To quote Core Contributor Matt Corallo: Merchant should say “hey, I’ll let you send me a 0conf, with at least X fee, and if that’s not enough I’ll pay another X+Y to cpfp-it”.And the user should take that, but otherwise the default should be rbf Before someone links me to Erik Voorhee’s post, let me quote from it here: This post isn’t intended to debate the merits of RBF itself.Personally, while I’m not sure I see the benefit (is it a net-beneficial feature?), I’m open to the possibility that it may be.Erik is an influential figure in Bitcoin land (because he’s done fantastic work with Shapeshift.io) who unfortunately doesn’t (or didn’t) understand the full implications of Bitcoin’s design and his desire to rely on 0-conf transactions represents an incorrect and dangerous use of the system.His post is not a rational argument for or against RBF.It can be summarized as a request to make Bitcoin convenient for instant transactions.So the core devs, the lightning devs, the sidechain devs, and many others are working on making that easy, and there are already other ways to do it.

But leave RBF out of it!RBF should have been a mandatory feature, but instead a bunch of foolish Bitcoiners complained, then shot themselves in the foot, and are now complaining about the consequences.My transaction is stuck!Make the block size bigger!!”And like their “brilliant advice” on RBF, if they manage to convince people that a hard fork to increase a number—that we know must be low—gets traction, then they’ll be whining and complaining about “Waaaa!My transaction is getting censored!When did Bitcoin turn into PayPal?!?” etc. etc. etc. Core has finished the protocol and node-related work for RBF.The plumbing for CPFP (the “retry”-only button that works on non-RBF transactions), is unfinished.To quote Matt: relay/mempool eviction is there, but tx selection for block-building (ie in the mining code) is not.there is a patch for it that is (apparently) far along, but i havent looked at it.miners would need to apply that patch or wait for it to be merged/released Whatever.

RBF—the superior option—is ready now.So who are we waiting on to fix the “low-fee transactions getting stuck” problem?Wallet developers — And this includes Core.Core’s wallet should be setting an example for the others!Bitcoin media — It’s your responsibility to both be informed and to inform.We need you to introduce accuracy and clarity into Bitcoin’s dialogue, and don’t expect the developers to do it.Sure, they should document their work and answer questions, but their primary focus is the code itself.Bitcoin users — There’s a difference between asking for a fix to a problem and talking out of your ass.Learn the “why’s” and “how’s” of Bitcoin, or at least stop pretending you know better than the Core developers (“contributors”, whathaveyou).Stop shouting nonsense like: “OMG THE FEE EVENT IS HERE!WE MUST HARD FORK NAO AND INCREASE THE BLOCK SIZES!!!@/J3LK$#K!!?@:!@” — You will lose your favorite toy if you keep that up.But mostly, we’re waiting for a decent wallet to come along that takes advantage of existing features to prevent user’s transactions from getting “stuck”.