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Jorge, I have to ask. What do you get out of being here? I mean, psychologically? What purpose does it serve for you?
You seem impervious to reasonable arguments against your points so feel free not to answer the question if it's too awkward.
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Based on my time here roughly 99% of people posting charts have literally no idea what they are doing & it's more often than not just what they want to happen.
They then go ahead & make a bull shit chart to try & convince themselves it'll happen.
Who are the successful/professional traders here? I'd like to interview a few for a series. Obviously 'I once made $100 in a bubble' doesn't count. TERA, but he's not around anymore. How do you know he or she was successfull trader?? I remember she or he was wrong many times, which i believe is the reason why she or he is not posting anymore There is no such thing as a "successful" trader. There are traders who may go well one day and bad at another. Whoever claims for his/her error-less abilities he/she may as well claim the title of the bigger liar as well. I personally suck at trading. I must classify myself to the worst trader around; that's why I'm a perma-hodler ever since.  I am right there with you. Just wanted to throw in S3052. He has been doing BTC analysis for quite a while. Yes, this i would even believe, because i was signed up for their setvice and i must say they were right almost always, really good results...but after some time i decided to stop using their service because i realized i am long term holder and trading was not for me But if i should recommend someone, it would be probably S3052, but keep in mind that it's Bitcoin and NO ONE knows where the price will go with 100% certainity Thanks for the suggestions. Yep, TERA is a she. She was consistently bearish, but as I remember mostly right. It was a bearish year and no one wanted to hear it. As I recall she found trading bitcoin pretty stressful though. |
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Based on my time here roughly 99% of people posting charts have literally no idea what they are doing & it's more often than not just what they want to happen.
They then go ahead & make a bull shit chart to try & convince themselves it'll happen.
Who are the successful/professional traders here? I'd like to interview a few for a series. Obviously 'I once made $100 in a bubble' doesn't count. |
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Oh my fucking god, I just found out Terry Pratchett died.. Fuck this day.   |
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Also we are about to expand our neural cortex into the cloud, and increase the size of the neural cortex a thousand fold (and then again) there is no telling what will happen. The last time we did this as a species, we invented, language, mathematics, agriculture, french, art, music etc etc...
The world is going to change more in the next 50 years than in the last 100-200, and in the next 100 years as much as in the past 500.
The only thing that will stop this is, nuclear war, plague or heat death.
I'm pretty sure those qualify as 'change'... |
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My point was that centralisation is an odd way to describe anything in this space and the fact that users will have to download a Blocknet client somewhat 'centralises' it... it was a reductio ad absurdum.
You'll need to PM noashh for an invite to Slack as he'll send you an invite by email. Welcome!
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Where are the likes of TERA? I miss her realism. Would be nice to know how she sees the market now. And MatTheCat. Casualties of a bear market Mr Thecat still pops up every now and then still. I'm not sure why he's worth listening to though. Huh. Haven't seen him a while. He seemed to talk sense a lot of the time, though people didn't want to hear it. His problem was that he couldn't follow through on his own convictions. That and getting whipsawed once too often, that really seemed to finish him off. |
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Where are the likes of TERA? I miss her realism. Would be nice to know how she sees the market now. And MatTheCat. Casualties of a bear market |
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Thanks for the invitation. I'd be interested in joining, though as far as I'm aware the SuperNET folks don't seem very positively disposed toward me for some reason. Do you think they'd actually welcome me?
I agree that there's some irony in calling blockchain-based tech centralised, though in this context - which is the networking of chains - the distinctions do apply, and without ambiguity.
(That said, I also agree that there's a lack of marketing-friendly terminology to talk about this stuff. With so many layers, each of which can be centralised or decentralised, it's a complex landscape. Once we move from developing the core components onto marketing it to customers, we will need a good set of ways to present the differences. For the time being, I'm just using technical though confusing language.)
By the same token, could you call Blocknet centralised around... Blocknet? It seems like a very strange distinction to make. Re: Slack, I'm not saying it would be welcome with open arms, but there are already other Blocknetters there and they haven't been tarred and feathered yet. |
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Multigateway, which facilitates the exchange of currencies between nodes on different blockchains, involves groups of servers mediating the exchange.
As such, exchange between buyer and seller is not conducted on a peer-to-peer basis. There is a third party involved (albeit not a traditional monolithic third party, but groups of servers utilising m-of-3 multisig). This third party mediates the transaction, and must be trusted to do so.
The above is what it means to perform a cloud service. Processing occurs at (well, near) the centre of the network, rather than being pushed to the network's edges (i.e. the peers), which is what defines fog computing.
Therefore, Multigateway is a cloud service bus for blockchain-based nodes.
In contrast, the Blocknet's decentralised exchange is being developed on a radically p2p model, making it a fog computing service.
You are selecting one element of SuperNET - one of the gateway mechanisms for coins, fiat, assets etc - and characterising all of SuperNET in terms of this alone. InstantDEX is a near-realtime peer-to-peer exchange service. This is clearly not cloudy. You're entirely correct. I have only referred to Multigateway and not to all the other SuperNET components. On the other hand, I selected Multigateway carefully. InstantDEX is p2p but runs on the NXT Asset Exchange and thus is on the NXT blockchain. Therefore it is not inter-chain – which is the context of the discussion. To give another example of something related to InstantDEX that is cloudy rather than foggy, ATOMIC is a blockchain that records transactions of other chains. Thus it centralises inter-chain networking. (Correct me if I'm mistaken, of course. I'm no expert on this tech and I'm happy to stand corrected if I'm mistaken.) I'm not an expert at every aspect of the tech myself. If you are genuinely interested in learning the differences then do drop over to Slack and ask. However, I'd be wary of calling any blockchain 'centralised', NXT or Atomic or any other, even in this context. It seems like an odd word to use to describe it. This is only the first stage, in any case, but you'd need to ask devs directly for details as I'm not at liberty to discuss them. Ultimately if you want to differentiate the two projects, I'd think there were better and clearer ways of doing it. If you're serious about pushing crypto out to a broader user-base, then discussions about the difference between distributed and decentralised aren't going to be much of a marketing tool. |
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Multigateway, which facilitates the exchange of currencies between nodes on different blockchains, involves groups of servers mediating the exchange.
As such, exchange between buyer and seller is not conducted on a peer-to-peer basis. There is a third party involved (albeit not a traditional monolithic third party, but groups of servers utilising m-of-3 multisig). This third party mediates the transaction, and must be trusted to do so.
The above is what it means to perform a cloud service. Processing occurs at (well, near) the centre of the network, rather than being pushed to the network's edges (i.e. the peers), which is what defines fog computing.
Therefore, Multigateway is a cloud service bus for blockchain-based nodes.
In contrast, the Blocknet's decentralised exchange is being developed on a radically p2p model, making it a fog computing service.
You are selecting one element of SuperNET - one of the gateway mechanisms for coins, fiat, assets etc - and characterising all of SuperNET in terms of this alone. InstantDEX is a near-realtime peer-to-peer exchange service. This is clearly not cloudy. |
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Looking at it another way, why would you say it was cloudy?
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There is one key difference that really stands out: the Blocknet is a fog computing service bus, whereas SuperNET is a cloud computing service bus. (Google those terms if you're not familiar.) As our project develops, you will see increasing differentiation, which will be especially evident in three areas: the openness of our platform, our focus on microservices, and the markets we will be building for. http://blocknet.co outlines all this in broad strokes. Anyone feel like addressing this in more detail? https://bitcointalk.org/index.php?topic=829576.msg10725434#msg10725434 |
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Can someone in the know explain the difference between Blocknet and SuperNet?
It is very encouraging to see BitNation selecting BlockNet as a partner over SuperNet, but it would be great to understand why.
Thanks,
G.
I would also like to know the key differences. There is one key difference that really stands out: the Blocknet is a fog computing service bus, whereas SuperNET is a cloud computing service bus. (Google those terms if you're not familiar.) As our project develops, you will see increasing differentiation, which will be especially evident in three areas: the openness of our platform, our focus on microservices, and the markets we will be building for. http://blocknet.co outlines all this in broad strokes. No. |
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were it an inside job?? I wonder why so many exchanges had been hacked? are their security the emperor's new suit? Its rumored to be an inside job as a cold storgae with 2 million dollars just doesn't get hacked so easily. As for the security , no one can comment about it. They just say its gone, and we are supposed to believe it Its actually confirmed to be an inside job. They won't even comment on how they got a cold storage hacked so easily. Again , we have discussed in this thread a lot of times " it is impossible to hack/rob bitcoins from a cold wallet" that it supposed to be offline and never be connected on internet. They still have not post any real comment to what is happened that day (maybe they still don't know or don't have the "knowledge"). I'm sure they know, they're just embarrassed to admit that their 'cold' storage was tepid at best. BTER aren't good at this stuff but the guys working with them to find out what happened are. After the last one, this raises questions about how they will prove their new exchange 'really is secure, honest, it is this time'. |
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It's a reasonable assumption that they are holding back withdrawals until they're open for trading again. The few asset withdrawals they enabled must have shown them they would just hemorrhage funds, which would promptly go to Polo and elsewhere. 60% of UNITY has already been withdrawn, for example.
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They are crooks and that's it. All of this will finish badly. No communication, nothing. We can all see where is this boat headed. Hope I am wrong, but not so sure!!
The longer it is quiet, the worst it looks. However, some people have got their crypto back, not just fiat. I don't know how to read that. Why go to the trouble of releasing some Nxt assets - the most valuable ones, too - but not other cryptos (including NXT), if you're going to cut and run? I have already given my thoughts as to why they decided to release some of their nxt assets. In short, when the nxt job had been perpetrated in last August, someone redoubtable showed up on the nxt blockchain with threats directed both at the exchange and the thief. I woudn't be surprised if bter has already payed out some of their altcoins (other than nxt) to most influential of their clients. Well, if we have wallet addresses it's easy enough to check. I don't find that a particularly convincing explanation, though. If you keep Nxt assets on BTER there's a good chance you keep NXT there too, and that hasn't moved to my knowledge. |
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They are crooks and that's it. All of this will finish badly. No communication, nothing. We can all see where is this boat headed. Hope I am wrong, but not so sure!!
The longer it is quiet, the worst it looks. However, some people have got their crypto back, not just fiat. I don't know how to read that. Why go to the trouble of releasing some Nxt assets - the most valuable ones, too - but not other cryptos (including NXT), if you're going to cut and run? |
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3 day vacation? Don't you need more after all this?
'Daytime' lasts 6 months that far north. |
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At what point can the long-term downtrend be considered 'over'?
Depends who you ask, and what count they have in mind (if they use EW)  Depends also on what is meant by "long term downtrend being over". The old downtrend could be over, but be replaced by another one, maybe less severe (i.e. a different downwards channel). Or it could end, but not be immediately followed by a much more bullish market either (i.e. bottom is in, but it's not rally time yet). There are several ways to look at it... Anyway, I don't have a fixed target at which I would conclude with certainty that the bear market is over, or let's say, that target is so high, I wouldn't want to wait until we reach it before buying back. That target would be roughly: close above weekly SMA20, supported by volume, possibly followed by consolidation or minor retracement not further than the SMA, followed by a trend reaching for upper weekly BB (high 300s to 400). Thanks. A little more technical than I was expecting, but still @coinableS: what would your criteria be? |
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