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BTCD does lots of things (anon and reference currency, amongst others).
Once a telepod is generated in BTCD, it can only be traced back to the account that created it. Using a BBR transaction first makes it harder to figure out who that is. Similarly on the way back out of anon space when you're sending it to an account that can be traced to others.
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But how to trade if it asks for a fee of 1 NXT and complains about insufficient funds since I got 0 NXT? Are you talking about another way besides the asset exchange? Cause there NXT seem not get deducted afterwards since the client probably tells me I need to have NXT in advance.
on the nxt asset exchange you can only trade with nxt. i think you mistook it with instantDEX, which will be released soon and offer different trading pairs. Not only offer different trading pairs,but also instantly.  ,so is the name InstantDEX InstantDEX testing is going pretty well and we could have a GUI ready for larger scale testing soon, but we need a Chinese translation of the GUI. Hopefully you can? James Maybe NXTChina in slack?re I should have thought of that You did. They are the same person |
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Almost 27 millions longs
Almost an infinate money supply!
Finex user base is growing fast... Wouldn't be surprised if we hit 30mil+ and nothing unexpected happens. I guess historical charts for longs/shorts aren't so useful now. It's an indication of sentiment more than anything, right? So not entirely reliable. Like think what happens at the top of a bubble... |
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I don't get it. Surely it would be better to have waited longer after Paycoin to release the next scam coin.
Not if you're dealing with idiots Ah yes. |
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I don't get it. Surely it would be better to have waited longer after Paycoin to release the next scam coin.
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@sitarow Exactly. Don't know what your charts mean, though |
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What can I reply? Bitcoin is working for some people, sure. Will it ever grow to a significant slice of the economy? Unfortunately, we have no idea of how many merchants (like you) really accept bitcoin, nor how much do they take by that route. That, by the way, is one thing that must be keeping serious investors away: there is practically no meaningful data on the state of the bitcoin economy. We must do with indirect hints. Right now there there seem to be, worldwide, at most 200'000 merchants who "accept bitcoin" in the sense that they accept national currency from a bitcoin payment processor like BitPay. BitPay seems to be processing about 1 million dollars of payments per day, but a large fraction of that seems to be miners paying bills. There seem to be less than 700'000 people who own a significant amount of bitcoin. Considering that, for a merchant, really accepting bitcoin is more complicated than signing up with BitPay, and that not every bitcoin owner uses it for purchases, I would think that the real bitcoin economy (excluding illegal trade) is still very small. And we have no ideal of whether it is growing or shrinking. Amounts of 30-50 dollars per purchase are fairly common in e-commerce using traditional means of payment. Why do you say that they would be uneconomical in your case? I wonder how much you would make if you also accepted payment through PayPal or some similat service. Have you considered it? I'm not a merchant. I get paid for lots of freelance jobs. And PayPal take an unnecessarily large slice of any transaction. I also dislike the way large players control the use of my money for their ends. Why can't money serve the same purpose to me and my clients, without involving a middleman? Funny you mention friction. We have tools on the way that will make accepting crypto payments as easy as uploading a CSV of inventory. An off-the-peg site, just like that, global reach for merchants. I simply don't get how you lack the vision, Jorge, to realise the potential of cryptocurrency. If you don't believe the trolls in here go and do some proper research. Just in my little corner of the cryptoverse, 180 new businesses signed up last month. Perhaps bitcoin will be replaced in the long term, though it seems to be doing just fine right now in terms of real infrastructure (forget trading). Cryptocurrency and blockchains are here to stay. |
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DOOOOOOOOOOOOOOOOOOOOOOOOOOM!!???
Another serving of doom coming for you in a minute good Sir. Wrong order! we ordered the full on DOOOOOOOOOOOOM for the entire table.... not breadsticks. You just cannot get the staff these days. This is not shnappy (eats a breadstick) Not shnappy at all.  What's with the doom orders? I am just waiting for the staff to do their job, to live up to their many many promises, to deliver on what they promised in a timely and shnappy fashion. Plus it will make my day, my year in fact. My patience is growing thin. I just wish they would get on with it and drop it.... drop it like they dropped Fat Man. I can't tell whether you're short, or bear baiting, is all. |
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DOOOOOOOOOOOOOOOOOOOOOOOOOOM!!???
Another serving of doom coming for you in a minute good Sir. Wrong order! we ordered the full on DOOOOOOOOOOOOM for the entire table.... not breadsticks. You just cannot get the staff these days. This is not shnappy (eats a breadstick) Not shnappy at all. What's with the doom orders? |
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why does it matter if it's over a sea or not? do they only like it if it's over land? do they think it will short circuit if it gets wet or what?
Yes. Also: foreigners. |
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There is no currency conversion cost when the demand for USD is greater than the demand for local currency (which is most common). The other trader eats that cost. happily. It's true that exchanging that large of an amount is problematic, so what is much more likely is that I'd exchange a smaller amount and get a discount on my vacation rather than a free trip. It's still a good deal, all things else being equal.
That may be a good deal for you, but bitcoiner tourists doing that will not be enough to support a "rebittance" business. Moreover, their business will depress only the BTC:PHP price in the local market and exchanges, not the BTC:USD price. Local arbitragers could buy cheap BTC with PHP and re-sell them locally (or to tourists) for USD, at a higher price; but they too will need to change the USD into PHP for continuing operation, which again runs into the conversion fee barrier. If only it could be used to buy things globally, creating some kind of joined-up economy and demand that went beyond remittance. Sigh. We've done this conversation before. Edit: here. https://bitcointalk.org/index.php?topic=178336.msg10839664#msg10839664You never did bother to give a proper reply. |
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Hmm, spam you say? Yup, that's an ignore...
Nice to know the multipool is doing well, please keep the reports coming. Maybe twice a day?
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Would be interesting to send an e-mail to the real Jorge Stolfi and ask if this is his account. Most of "his" posts are designed to confuse. Rather than inform, which I thought was his aim.
It is a sad state of affairs, but I believe it is the real Jorge Stolfi. I can only imagine what his students think of him spending so many hours on these forums. |
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What are current amounts of borrowed money for longs/shorts? Is there a good place to find this for the whole market?
Weekly report time...
BFXData. Currently 22k in BTC shorts and 24 million in longs. Thanks. Interpretation? That's a lot more in longs unless I've misunderstood it. |
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What are current amounts of borrowed money for longs/shorts? Is there a good place to find this for the whole market?
Weekly report time...
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Would it be far fetched to assume that he kept hold of them as some form of insurance for the whole bitcoin network?
I think that theory makes sense. Less the dumping, more the insurance against total domination of the currency. Even if he does have them, I'm not sure he'd agree with the centralisation that would represent. It would be anathema to everything he was trying to achieve. |
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No one but you has ever suggested that any of my writing is the desperate cry of a bagholder, so I'll take the advice with a pinch of salt. If you really think I believe Satoshi's stash hanging over the market like the sword of Damocles is the only factor keeping the price down, then there's not much I can say anyway.
For what it's worth, I put the article in the Spec subforum because I thought it would be of interest to a few people here. I maintain the conclusions are quite reasonable - and more likely than not - though I admit they do require a little imagination and empathy to reach. What I've learned from this unnecessary and unpleasant exchange is that it would have been better to put it in another section.
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You're a known troll, so I won't take it personally. In fact I'm surprised, I thought I had you on ignore. And no, I don't hold any bags.
I think that currently a sober-minded person should be worried if he isn't considered to be a troll in this place. Right now, anyone who don't want to be in this echo chamber, where "if we think positive thoughts, then good things will happen!" mentality rules over reason, then he will be considered a troll. Just like people here are being called trolls or fudsters, just because they don't find any value in your article that is based on vague assumptions, but tries hard to look like it's based on evidence. I hesitate to reply at all, but... You assume the I'm a bagholder, with zero evidence. Assumption? I've explained what's evidence and what's entirely reasonable guesswork. We work from fact to hypothesis all the time. It's a fairly standard process for most people. This is an area of interest for me (and many others), not something that will inform my trading, because I don't. And courtesy costs nothing. |
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Pointless article, based on the hopes and guesses of an obvious bagholder.
Satoshis initial coin creation still leaves the question open if bitcoin is a pyramid scheme or a ponzi scheme. If Satoshi's coins would eventually be sold, then this pyramid scheme would surely turn into a ponzi.
You're a known troll, so I won't take it personally. In fact I'm surprised, I thought I had you on ignore. And no, I don't hold any bags. What I don't like is how the original article claims to have found 'evidence' and then elaborates everything based on assumptions.
You're right that 'evidence' might be too strong a word, at least in a court of law There is information in the blockchain that proves a limited number of scenarios, one of which is not that Satoshi actively manages/managed his many coins, which we know are held in many, many addresses. We know that he must have around 20,000 private keys. Moving into assumptions and conjecture (and I'm pretty sure this is the right place for that) and educated guesswork, it seems to me possible but unlikely that he kept every one of them. Feel free to disagree, of course, but that's the most likely in my opinion. |
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Not every single one - but most. Estimates are he mined around 1m coins. Correct from the extra nonce leak the estimates are around 1 million coins and that would be 20,000 blocks but it was 20,000 blocks over the course of about 18 months. Bitcoin wasn't worthless by even late 2010 but the later blocks and the earlier blocks show the same lack of movement. Nobody is disputing that Satoshi mined a lot of the early coins but the articles claim that he intentionally mined with throw away keys isn't supported by any facts. Sorry, that's a mistake of terminology. By 'throwaway' I don't mean in the technical sense. I mean that he didn't keep them! Like I say, it's not possible to prove that, only disprove. |
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