|
I speculate that this recent price will not hold. Some traders will take profit at the first sign that there will be weakness. It has moved up very quickly and it makes it unstable because the buy support cannot catch up.
|
|
|
|
I don't think the non-BTC accounts are protected. Even if they were also segregated accounts, the bankrupty of Bitfinex should view all segregrated accounts in equal legal standing, thus they all must suffer proportionally.
The theft is Bitfinex's liability.
So all non-BTC accounts on Bitfinex should be affected proportionally. I presume Bitfinex will eventually realize this. Unless law is somehow different in Hong Kong.
I presume the knee-jerk selloff of BTC is an overreaction. Bitfinex still has significant resources, so everyone on Bitfinex should probably get a loss but not a total loss.
Yes. The sell off is an overreaction. But the problem is there is no buying demand in bitcoins recently so I speculate we will not see this quickly move up above $600 for now. What do you think? Yes we will. The pumpers are still in control. They are bigger then a few hundred k btc. But the price of bitcoin was already not going higher anymore before the hack. It was already weakening because there was already a lack in demand. Now the miners will have no choice but to sell more of their mining earnings and savings because of the lower price and the halving of their rewards. This is of course only speculation. |
|
|
|
Hi Guys,
after the Bitfinex hack I am looking for a secure cryptocurrency. Of course it will never be 100% safe but the coins with the highest volume ETC, ETH and BTC are all pretty unsafe as it seems.
Any suggestions and why?
Greetings
You have it wrong my friend. The exchange was not secure and unsafe. Bitcoins will always be safe. If those people were keeping their coins in their wallets with keys that they control then they will still have their coins safely in their wallets. It is the users own fault that they keep coins in centralized exchanges. If you find your "safe" cryptocurrency then try to keep that in Bitfinex and we'll see.  |
|
|
|
I don't think the non-BTC accounts are protected. Even if they were also segregated accounts, the bankrupty of Bitfinex should view all segregrated accounts in equal legal standing, thus they all must suffer proportionally.
The theft is Bitfinex's liability.
So all non-BTC accounts on Bitfinex should be affected proportionally. I presume Bitfinex will eventually realize this. Unless law is somehow different in Hong Kong.
I presume the knee-jerk selloff of BTC is an overreaction. Bitfinex still has significant resources, so everyone on Bitfinex should probably get a loss but not a total loss.
Yes. The sell off is an overreaction. But the problem is there is no buying demand in bitcoins recently so I speculate we will not see this quickly move up above $600 for now. What do you think? |
|
|
|
That is about 70 Million USD. No company will be able to come up with that kind of Money right away to pay off all their users. Most likely will closed the exchange.
This will surely happen. I expect all volume will go back to bitstamp.net now because they were the one affected when BFX got more popular. They will have to declare bankruptcy and sell their assets to pay off their customers. There is also a problem surfacing that they were running an illegal exchange operating without a proper license. So that will complicate matters. |
|
|
|
The ironic thing is that all ETH bagholders automatically had ETC at the time of the fork, so if they were smart enough, they could have dumped their ETH and then bought ETC and end up with tenfold the amount of ETC!
This might something that is happening now. We will see if it is so because it will reflect on the price of both chains. But the Ethereum foundation's premine of ETH also has the equivalent amount of ETC. They can negate it by doing some dumping of ETC and buy up ETH. I don't know if they will do it but they if they are desperate they can do it. |
|
|
|
|
I have a question. Why is it that sometimes you have F1 betting and then sometimes there is none? It would be good if you have some betting on who will win qualifying, who will win the race, who will have fastest lap and also betting on one driver against the other.
Please let it happen.
|
|
|
|
A partnership of Vettel and Hamilton will be one of the worst ones in the history of F1. Those are two of the biggest egos of the sport. It would be hard for a team to control them. But I will like for it to happen. It will be very fun to watch.  |
|
|
|
This ETC madness is probably a good thing. Soon or later the traders will take their profit and reinvest massively in LISK.
What brings you to that conclusion? Many will be burned with the ETC pump, not everyone can walk with profit. If you have more btc just sitting there not working, lisk is probably a good bet if you are already deep in the other coin. Sadly yes. Some people who dumped Lisk to join the ETC pump will lose money. Instead of a reinvestment back to Lisk making the price rise. It will only move sideways or worse. |
|
|
|
Has poloniex refused to list WAVES?
Yes source? It is not public or any source I've seen they have refused to list waves. But it is obvious or they would have already listed waves by now. Sasha is pur dirt and by doing what he has done here will come back to bite him hard. It would be a mistake to list Waves without a fully running blockchain and the full nodes. It is the right decision by the development team. Security must be always first in the agenda. |
|
|
|
|
There are now many people dumping their altcoins to get the opportunity to buy ETC. Lisk is also a victim of these opportunistic profit seeking people. Look at all the prices of altcoins. Most of them are going down and ETC is way up. The people who missed the giant move of ETH will now not want to miss the potential giant rise of ETC.
|
|
|
|
According to code is law theory, you can do anything wit the codes, you can explore the bugs without being arrested.
No, "code is law" is a specific property of smart contracts, when the code, and only the code, is the contract. Most, not to say, all, other code running is not a contract, and is supposed to implement intend, can hence contain bugs and exploits (= deviations from intend). The funny thing is that the people crying about the absurd concept of "code is law" are the ETH guys, who were in fact promoting ETH because.... it proposed smart contracts and "code is law". Nowhere else, code is law. Not even the Ethereum or bitcoin system. There, code is trying to implement intend (of white paper protocol), like everywhere else. It is hugely, mightily, ironic and funny that people crying "thief", "bug", "exploit", are the ONLY ONES that were touting "code is law" as the superior property of their baby, ethereum ! Nobody else in his right mind was ever considering "code is law". On the other hand, a 51% attack on a block chain is also a rightful thing to do in a certain respect, because a block chain is supposed to be an emergent property of mutually antagonistic entities. The theory is that the emerging block chain will be immutable and respect the protocol, but that's nothing else but a hope for an emergent property. A 51% attack is nothing else but that hope failing. But a 51% attack is perfectly "legit" in the framework of block chains, as the goal of such a system is that every agent in the system tries to rip off every other agent. If some succeed, that's their good "right". A block chain is simply postulated to be the right thing that emerges from a war zone. If that theory fails (the "51% attack") that's a pity, but not unlegit in a war zone. It is ironic that they coined the term "the code is law" and yet if it goes against them they throw the concept under the table and roll back the transactions. This made them look like fools trying to act like geniuses. The only fix that can be done is to continue with the original chain. |
|
|
|
No, that's not what happened. Vitalik and Tual (and, sadly, Gun) defected to the Bailout Maximalist side. Gavin stayed right where he's always been, on the side of unstoppable code running on an immutable ledger. And that's fine. One Elaine Ou is worth a dozen Vitalik's.  I have a question. Who is Elaine Ou? Is she part of the original Ethereum development team? |
|
|
|
|
I speculate that he is at odds with the way Vitalik handled the hard fork. There are some even those in the Ethereum foundation that migt think it was handled the wrong way.
|
|
|
|
|
I have nothing against Monero. I do not think it is in the god tier yet. If you think it is then that is very very very arguable. It will be better to put it in high tier.
|
|
|
|
Next has a decent step long time now, but it's price is been stuck for a while now, and by while I mean years , good for community bad for profit tho
Traders will take advantage of the rise cause by the ones who want to get Ardor which is mostly from the NXT community. Using the NXT price as barometer we can see that not much outside traders got in yet. This will change when the release of Ardor gets closer. Exactly. The more closer the release of Ardor is, I think that the more the price will rise but all will fall eventually as the hype passes by. Maybe that's the reason NXT is worth nearly $0.03 today (when it used to be worth $0.01 USD and sometimes even less) and I can't imagine how far will it go during the next days. As for ETH and ETC, it seems that ETH's price is declining while ETC continues to rise. It can probably mean that ETC will take the lead and become the second largest crypto currency on the market. Yes. If you know how to play the market you can trade NXT profitably while the Ardor snap shots are still happening. That is what is happening right now that is why the NXT chart is very choppy. In ETH and ETC I speculate that it is the ETH traders themselves that are buying ETC. They want a safety net. |
|
|
|
|
I did not think that Synereo was a new platform for dapps. I thought it was only a social media website that utilizes a cryptocurrency. When will this be available? Is it POW or POS?
|
|
|
|
BTC whales are in ETC fighting against the ETH blockchain. We will win and we will make some money doing it. Come support ETC to take over ETH. Bailoutcoin chain must not survive. Once ETC is stablished as the only Ethereum BTC price will continue climbing.
No. There are no "whales" buying ETC. There is support in the original Ethereum classic from the who's who of bitcoin but it is only up to the extent that they support immutability. The people that are buying ETC are the same people who are trading ETH. They are using ETC as a safety net. |
|
|
|
I am thinking that Steem/Steemit made a mistake to do their client-server data transfer via WebSockets instead of REST.
They appear to have designed for a real-time update scenario, but this will come at the cost scalability (because WebSockets can't be cached upstream), and afaics the real-time updates are entirely unnecessary for the feature set of this type of site. This isn't chat and blog commenting shouldn't be used a real-time interactive chat.
I don't think Steem could scale technically to a million users as it currently is designed. Certainly not 100 million users.
That doesn't mean they couldn't do some redesign along the way, but the existing paradigm is gaining inertia that will be difficult to turn quickly, e.g. the new Steemit phone app. And the design choice they made is baked into many design decisions, such as that comments and blog posts are editable many hours after posting.
Yes I agree. If they want a Reddit type of system then the simpler the better. The Steemit development team could be thinking that engaging the users more is the better path. But I agree with you, doing it forum style will be better. Even BCT is not running out of users.  It depends on how the person runs the site. |
|
|
|
|
Show Posts
