From Mexxer on Telegram

"So I received the update regarding exchanges:

"The Foundation is in contact with all major exchanges and due to their continuous efforts, there will be more trading pairs in the near future. Please understand that exchanges operate under non-disclosure agreements and that specific details can’t be given to the public at this point in time."

I know you guys hoped for more details and when it will happen but please understand that it's not possible to publish it due the NDA's. But you can be assured that the foundation are in contact with ALL major exchanges. That includes Bithumb, Binance, Kraken, Bitstamp, CoinBase, Bitfinex."


And episode 19 of Inside Nem gives a glimpse of what catapult will do - https://www.youtube.com/watch?v=mJEwy7o9x5I

The diamond industry has already been left in the dust by Bitcoin if you go on market cap, which maybe no one should but as it fits this particular narrative we may as well.

http://www.diamondfacts.org/pdfs/media/media_resources/fact_sheets/Diamond_Industry_Fact_Sheet.pdf

But it's irrelevant anyway. I've never met anyone who used gold as an investment. If I'm reincarnated a thousand times I'll never meet anyone who uses diamonds for the same.

You can't get what you paid for a diamond from any other dealer so I would not call it a functional market. It's a rigged non event that managed to fool enough morons into thinking that something that litters the Earth is desirable.

I can just about get gold. I'll never comprehend any stone 'market'. 

Looks like we have a BTG bull on our hands here.

GET HIM.

You

Are...




Toast

Alex certainly has an interesting tale to tell. She's definitely a valuable asset to NEM.

Eh? That's about 4.8c away. Not exactly the most epic hold in crypto history.

It probably will have a juicy fall, but not because people care about scaling. All they wanted was free coins which wouldn't have been possible to obtain safely anyway. Now that's off the table it's back to alts.

There's no point in talking about Lightning Networks until we get some actual ones to play with. Until then it's completely pointless conjecture. Ain't no one who knows what they're going to be yet.

It is indeed a huge figure, however there will be an increasingly huge number of people waking up to Bitcoin too. The journey into the tens of thousands may well be an easier and quicker one compared to the journey from 1c to $100.

1 person getting excited in 2011 might be 500 people getting excited in 2018. Do the math as they say.

Of course it all go totally tits up too but right now momentum is still with it.

What will become of the Segwit2X signees and their plans?

Namely operations such as Bitpay that made loud and divisive noises and attracted a large amount of condemnation from both nutters and normaltons.

Will they go back to business as usual or do you think this has produced permanent enmity? Will they just go off and attempt another approach via the back door or do you believe this has put this issue to bed for the foreseeable future?

I think it's positive that they were sensible enough to call time on it, though I don't know why it took so long. But the issues they were concerned about/concern trolling are still there.

Um, did you not notice the extremely tumultuous news that caused it? There's a good reason it did what it did and it's not much to do with market sentiment. I doubt the market knows how to digest anything right now so let's sit back and see over a short period of time before declaring anything.

You never know. We might already have seen the peak action for the year. It's quite possible all this buying was for free coins that were technically not supposed to exist at all. Never underestimate the stupidity of the people out there.

I don't really care about the price compared to the potential disruption 2X was going to bring, but I never really believed it was going to happen anyway.

Well i guess i was subliminally right after all.

Do people find it a tad ironic that it only required six people to end it?

And is there any actual code for weirdo miners to push on with? I'm guessing there isn't.

You achieve that with consensus and a smooth upgrade that carries everyone along with you. Not detonating a bomb which kills half the crowd you depend on to eat which is what 2X is.

I've given Bitcoin and other cryptos to other people along with a description. I certainly didn't wait around for them to say yes or no. They got some whether they liked it or not.

The highlighted aspect says to me - fear of being poor. That's why they won't disrupt how Bitcoin is operating and that informs all behaviour in this space.

This is the million Tether question. A BFX employee pointed to the Kraken USD/USDT market as proof that you could cash out. Well, that has nothing to do with Tether and it's all offloaded on to some other twat who's willing to hand over real dollars.

Tether and BFX regularly talk about the ability of their 'institutional investors' to move large amounts of real money in and out. I think they set a figure of $50k. I cannot find one single person anywhere on the internet who's claimed to have done this.

They will not do what is described because they will severely damage their ability to make money by pissing off the users. Hence my lengthy point.

Tech is irrelevant. Money is relevant.

There's a million other technically possible things they can do. They will not do it because they will lose money.

What does tech have to do with anything?