However, because of BitPay's influence I think the "economically winning" chain will be the one BitPay chooses.
I'd say of all companies it's Coinbase who wield the largest phallus. They have a history of being somewhat wishy washy too. I've no idea about the various forks, but if Bitmaincoin wins out then I'm done. I didn't sign up for that. I didn't sign up for most of what's developed but that would be the final straw. |
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So how long has it been on 0.20-0.22 USD?
I have rode the train since the start when the price was just 0.02 USD and its been on 0.20USD for months now. I've even dumped mine because Ripple is much profitable to trade with.
Holy shit. The figures are clearly written out directly above you. They also state that it isn't 'for months now'. It's rather simple to process. |
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Nope, i expect they will go one step beyond and will add IOTA.
They're a considerably classier operation than Bitfinex and would give a decent amount of signalling before doing that. |
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This is the great question... Who mines this chain? You can expect 2 weeks of mostly non blocks findings. The chaos is guaranteed
There's certainly no shortage of people using their pocket money on Amazon hosted nodes. I haven't seen many or any signs of proper miners showing up yet. |
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Options
A) do nothing, if coins on exchange or in a 3rd party wallet you are at mercy of the exchange or wallet provider as to what happens
B) move coins to your own wallet or cold storage - choose after the fact which chain you want your coins to move onto
C) cash out to fiat - choose to buy back inn after the fact if you like on whichever chain wins
D) buy a different crypto/ combination of crypto (i.e. Diversify risk) and wait and see what happens
The only really foolish decision is option A) although many will do this as doing nothing is the easiest thing to do, and what if all forks crash and I can't get my coins to exchange because fees.......also
If many coins leave exchanges without being sold then liquidity falls, vol rises and potentially price does to if buying demand remains constant as coin supply is reduced.
The difficulty thing needs to be kept in mind. It's possible a UASF chain will be painfully slow until it readjusts. I can imagine many people will be on exchanges that have declared they'll host both as otherwise it might be impractical to capitalise on it. |
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Incorrect.
So almost every single exchange, wallet, developer, payment processor and miner who isn't paid by Bitmain isn't everyone? Okey doke. |
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If the big giants and the online based corporate enter the mining it will start to function as an centralized system. Also I don't think this will benefit the common users. Probably the difficulty in mining will increase and the small scale miners will get affected much.
It's already nearly terminally centralised. It would struggle to get much worse than it already is right now. |
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i am really getting confused. what will happen if... and what if...? can you tell me what you will do with your stash around august 1st? cash out to fiat? sit and wait?
my little stash is more money that i have ever possesed in my life. how can i protect it?
I'll be staying put whatever but your only real protection is USD, EUR or whatever and very extremely definitely not USDT. Forget every single alt completely and totally. I believe this is all still posturing. It'll heat up far more as August 1st approaches. Rationality will win out, even if a minority is left far behind. Unlimited was firmly pissed all over by everyone who wasn't paid by Bitmain. This is even more of a fucking joke than that was. |
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Lost access and throwing away hard drives that contained your wallet files is probably only relevant for very early bitcoin adopters.
The earlier you mined the fewer other miners there were. I'm sure Satoshi has plenty, but nowhere near that million that's often claimed. It was 7200 coins per day from the start of 2009. There wasn't even any type of price at all until early/mid 2010 so that's a minimum of 4 million or so coins that were completely and utterly worthless. The odds are extremely high that a high percentage of those mined coins are goners. It's very easy now to think you'd hang on to them. Back then it would've been an annoying program that made your computer wear out for no compelling reason. |
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I doubt it'll ever be for ASICs. They will no doubt step up when it comes to GPU mining. They must be looking at the sales figures and simultaneously scratching their heads and touching themselves.
ETH, regardless of its ethics, has proven that GPU mining is what crypto needs. Check the node count compared to Bitcoin's. Check the giant mining tumours that have been sucking the life out of BTC mining's diversity and vibrance for what feels like forever.
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I am sooooo going to dump the living fuck out of that. The best thing is that they'll be throwing money at it to prop it up so we'll get even more non Bitmaincoin than before. |
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I just noticed the selfish mining and premine part as well.
I'm starting to believe this is some sort of performance art piece now.
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Yup. You can pretty much time it to the minute.
If it had passed then alts would've cratered at least temporarily, and this bubble wouldn't have existed. Bitcoin would've stepped up to a level of legitimacy that none of them could've matched.
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If the chain splits, it will be bad from an image perspective for BTC. Pride destroyed whats supposed to be a brilliant master piece.
I'm not sure I'd call it much of a chain split myself. It's one tumour going off to do its own thing while everyone else does theirs. I will not be doing business with a chain entirely controlled by one person. This little fella seems to be condemned to keep attempting the same thing in a different form forever. He should be put out of his misery for his own sake or be left to go off and play with himself on his own. |
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Yep that is the risk of ebay, but sometimes the profits are worth the danger...
Hammer strikes on this coin at 10100 to a buyer with 28 feedback
Every single time I've sniffed around anything relating to crypto on Ebay it was scammy. I seriously doubt this would be any different. There's no bleedin' way I'd ever sell via Paypal. It would have to be bank transfer and even then I'd be wondering. This isn't allowed on Ebay UK. It's classifieds only. |
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This has happened so many times in the past that I cannae believe they didn't have some type of plan for it. Where have all their VC millions gone other than up their noses? You can't be crypto's unicorn if you carry on crapping out.
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Are you talking about trading as a whole or just about trading cryptocurrency? Because if you say that to trading as a whole then you are wrong because in stocks Trading do actually work and its not all about speculation, not like Bitcoin or any other cryptocurrency in which you don't have some news to base your trades on all you have to see is their Charts that are not accurate to look at because the demand for cryptocurrency is ever changing that is how I see it thus far.
Everything. I started off with options trading many years ago. I bought a book about it, it bored the shit out of me after the first page, I picked an option that sounded familiar and bought it without any more research, when I checked up on it a few months later (this was pre internet) it had quadrupled. Same goes for everything else. I've never researched anything. I've only profited apart from about 0.2 BTC in losses, but I definitely never attempted to day trade. |
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What will happen to the price now?  Absolutely nowt because that's complete and utter bollocks. It is about time we had some new ASIC manufacturers though, but I'm not holding my breath. |
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Even though it will be coming out of GBP wallet? Would usd card been better?
They all set the currency option when you buy the card and it can't be changed so it's the usual fees in that native currency. Anything else and there'll be foreign fees. If you have an EUR card it'll cost extra to withdraw USD, GBP or anything else as it's not the card's currency. I don't know what setup you have, but if the card's EUR then withdrawals in anything else costs that extra fee. |
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It almost been 13 months since you created the topic. 21 bitcoins is like 50-60k dollars. This is just crazy.
Fun to revisit it. And 21 BTC is verging on a pipe dream for many people now, if everything goes well it really will seem like an insane amount one day. Here's the 2100 BTC club https://bitcointalk.org/index.php?topic=98239.0 it just keeps on gearing down a notch but feels just as unattainable. |
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