Why are people panic selling over JP Morgan comments? THIS CURRENCY UNDERMINES EVERYTHING THEY STAND FOR, IT’S BIASED.

I hate to be angry at (some of) the bitcoin community but right now I cannot avoid but being so. JP Morgan is a multinational bank that invests OUR money and then makes profits off it by investing and then gives us 1% return on its investments, and artificially boosting investments if they don't go their way. By panic selling, you are giving them the power to manipulate our currency against theirs. This guy has a vested interest to maintain power to the banks (the elite few) who control the vast majority of our money. Bitcoin goes against that in every way, removing the middleman for transactions (i.e. him). I cannot fathom how this is causing a panic sell, it's a banker… (switch the b to a w to know how I feel about that).

submitted by /u/dude7691
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Bitcoin

The NYA signers have greatly overestimated their importance. They do not speak for me. My node is running 0.15 and that’s the only decision that matters. Join me

Nodes are the validators, miners moving off the network only have the power to temporarily adjust the block time. If we keep our nodes on the network with true innovation and development of applied cryptography (MAST, SegWit, bridged payment channels, tumblebit, schnorr, etc) then the miner fluctuation is merely a temporary nuisance. Undoubtedly some will realize that it's dumb to run a client controlled by people and developers who are amateur at best, have nothing to contribute aside from porting code from core devs, and has an openly admitted purpose of "political compromise."

This is a problem of "industry leaders" thinking too fondly of their own importance. Bitcoin will continue to force their humbleness or ignore them. They simply cannot make the decision they think they have made for us. Being their important selves, they have "solved" our scaling problem and only need the political power and influence to make sure this is easy to do again in the future. That arrogance, desire to control, and political nonsense is the very thing bitcoin is designed to resist.

I've got a full node, and it's staying this time because I didn't fully appreciate how critical it was to keep one running. The NYA "agreement" by a few companies who think they speak for me has made me realize. So I'm not running 2X hardfork on my node. Regardless of whether the entire network splits and does something else. I'm following the developers who know their shit and are actually killing it with new cryptographic applications and brilliant security, thorough testing and implementation, and breakthrough innovations. And I can run that network all by myself if I have to.

Join me. Start up a node. 0.15 is much faster at initial sync and operation. Stake a claim with who you want your developers to be.

TL;DR I didn't sign the NYA. They don't have the authority to speak on my behalf. My node will never run 2X and that's all that matters.

submitted by /u/Cryptoconomy
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Bitcoin

They don’t eat their young.

I wasn't sure about making this post, but I honestly believe that it is in everyone's interest to hear me out on this.

This afternoon, I made an exploratory post on r/btc, basically putting an olive branch out to try to defuse some of the angst between the 2 camps. I clearly stated that I was not a big-blocker, and that I was a supporter of the Core Devs – fully expecting to get flamed. Instead I received an unbelievable welcome – and I really mean unbelievable. I even received tips! – Yes they have a working tip bot over there. It actually turned out to be the most up-voted post of the day.

I know that people on the other side do on occasions attack us, as we have done to them, but even if we don't agree with their point of view, please, "for the love of science" lets respect the folks over there, and debate the issues, not attack the people.

Thanks for hearing me out.

submitted by /u/MadBanker01
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Bitcoin