Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC

2019-03-31 Thread Peter Todd via bitcoin-dev
On Mon, Apr 01, 2019 at 12:30:34AM +, Luke Dashjr via bitcoin-dev wrote: > Certain parts of the community have been selling bitcoins for unreasonably > low prices. This has halted Bitcoin's valuation at $20k and even driven the > price down below $15k! However, clearly Bitcoin is worth much

Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC

2019-03-31 Thread Ricardo Filipe via bitcoin-dev
one year seems too long. i think with the BIP-148 experience you have we could easily get there in 6 months at most. Luke Dashjr via bitcoin-dev escreveu no dia segunda, 1/04/2019 à(s) 01:33: > > Certain parts of the community have been selling bitcoins for unreasonably > low prices. This has

[bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC

2019-03-31 Thread Luke Dashjr via bitcoin-dev
Certain parts of the community have been selling bitcoins for unreasonably low prices. This has halted Bitcoin's valuation at $20k and even driven the price down below $15k! However, clearly Bitcoin is worth much more than that, and there is widespread support for higher prices. In light of this,

Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC

2019-03-31 Thread Omar Shibli via bitcoin-dev
Reasonable, I think also first timer should be forbidden form transacting for at least 3 years from the first purchase, after going in '3 years' into the rabbit hole, you can consider selling bitcoins. that's fair for low time hard money folks, imho. On Mon, Apr 1, 2019 at 3:33 AM Luke Dashjr via

Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC

2019-03-31 Thread Omar Shibli via bitcoin-dev
Shit, so we are vulnerable today? is this zero day vulnerability? so we could be f* big? On Mon, Apr 1, 2019 at 5:47 AM Peter Todd via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > On Mon, Apr 01, 2019 at 12:30:34AM +, Luke Dashjr via bitcoin-dev > wrote: > > Certain

Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC

2019-03-31 Thread Thomas France via bitcoin-dev
Once again, Core shows how conservative they are. I am in favor of 2X with a 100kUSD minimum price, all Bitcoin businesses are with me ! On Sun, Mar 31, 2019 at 7:48 PM Ricardo Filipe via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > one year seems too long. i think with the

Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC

2019-03-31 Thread ZmnSCPxj via bitcoin-dev
Hard NAK. A minimum 5 USD : 1 BTC exchange rate implies that the value of 1 USD = 0.2 BTC at maximum. However, such a USD value in BTC value maximum makes no sense since the true value of 1 USD = 0. BTC. (on Lightning, 1 USD = 0.000 BTC) In particular, the encoding

Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC

2019-03-31 Thread Dave Scotese via bitcoin-dev
I think EXACTLY ONE YEAR is the perfect time. Well, a year and a day for me because I'm on the wrong side of the date line, apparently. On Sun, Mar 31, 2019 at 6:04 PM Ricardo Filipe via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > one year seems too long. i think with the

Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC

2019-03-31 Thread Satoshin via bitcoin-dev
Hi Everyone, First portion of your First BIP is excellent- with this field the protocol can actually attain HFT- by pinning of value at time of trade for later unblock scaling as a mark to market tool which is used in HFT. The Second BIP of a minimum price would never allow Bitcoin to