Oh yea, Smooth is bribing me with so much money.  So much money that I'm even banned from the Monero IRC because Othe said I didn't talk enough about Monero and only talked about Bitcoin and boats.  Where's my truckload of payment that this guy implies, Smooth?



I should technically not even be pro-Monero because Smooth didn't even unban me after Othe banned me.  Othe tried to pull some "I am an op so I am god here" nonsense and I refused to back down to him so he banned me.  If there is anyone who has a non-biased view of the situation, it is me.


Did the alt market not implode as stated?  I stated about halfway through the thread I was going to rename it to an altcoin talk thread eventually instead of just letting the thread die.  If the alt market is done imploding, there would be no reason to post in a thread titled "The alt market will implode soon".

Bitcoin is one of those things that you have to kind of keep up with the variables in real time.  The Australian auction just ended, so there was no longer a need for China to attempt to push the market up for the moment.  I saw persistent weakness on both Bitstamp and BTCE, then Bitstamp had a flash dump to $735 while Finex was still at $765, so I knew China and Finex would not attempt to push higher at this point:

[01:36:57] <r0ach> gabkicks
[01:37:00] <r0ach> I would probably close
[01:37:15] <r0ach> bitstamp got dumped to freaking $735 a minute ago somehow



I was selling at $763 and was looking for another dump to $720.  I felt like the price would probably consolidate somewhere around there before attempting to go up again.  BTC whales seem determined to not let it go under $720.  It's very hard to predict the market at the current time because it's completely unknown just how far Eth will implode and how many of these Ethbutters will convert back to BTC, or if they'll be buying some new scamcoin instead.  You also have Brexit on top of that, and nobody knows if the auctioneers got any cheap coins at something like $700 they want to unload fast.  Lots of wildcards at the moment.

For altcoins, Monero seems like the only good buy for the near future:

https://bitcointalk.org/index.php?topic=1520564.0

Most alts are just flat out scams.  There's not really a single one on Poloniex that has any fundamentals right now besides Monero.  Zerocash has so many drawbacks that it's actually worse than Cryptonote, but Roger Ver wants to pretend that isn't the case.  There is no other good option for anonymity.  There is also no right answer in the Bitcoin scaling debate.  Raising the block size is a risk, just like hard forks are a risk due to rough consensus attacks, and legality of exchanges possibly being required to carry both coins (2 versions of Bitcoin) if such a thing is done.   If I deposit a Honda stock with you, you can't give me back a Toyota stock, and a hard fork is the exchange itself making that choice, while a soft fork can technically exempt the exchanges.

Building a 2nd tier system to expand TPS on top of Bitcoin is actually a logical decision, so is the decision to only do soft forks in an attempt to avoid rough consensus attacks where exchanges might be required to carry two different versions of Bitcoin.  On the other hand, it's not really possible for the 2nd tier scaling solutions to be as secure as the on-chain solutions, so there should exist another coin for the big blockers to attempt their way instead of trying to fork Bitcoin.  Forking and big blocks are risky, and Bitcoin isn't about risk, so that task should be taken by an altcoin.

Monero is currently the best option for "big blockers" that exists due to the anonymity solution already requiring on-chain transactions anyway, plus having a dynamic block size.  I'm honestly surprised there hasn't been a large divergence of small blockers staying on Bitcoin and large blockers going to Monero sooner (maybe it will happen after wallet).  Both scaling options are IMO valid options, and both options have positives and negatives.

The main Bitcoin developer that exists right now has actually worked on Monero, so it's a lot less of an altcoin than most altcoins:

https://github.com/monero-project/bitmonero/pull/329

Eth is dead and going to 0.  It doesn't even pretend to be a decentralized coin anymore.  It's now right out in the open as a completely centralized scamcoin:

http://bitcoinist.net/dao-soft-fork-revised-to-allow-generic-blacklisting/

This may have a small effect on markets in the future...

http://bitcointalk.org/index.php?topic=1520564.0

[2015-11-05 07:43:39] *** welong (6da09e01@gateway/web/freenode/ip.***.***.***.*) joined
[2015-11-05 07:43:50] <welong> hello there
[2015-11-05 07:44:17] <r0ach> yo
[2015-11-05 07:45:01] <r0ach> I think BTC is going to test 415 which will make all alt holders shit themselves
[2015-11-05 07:45:19] <welong> lol
[2015-11-05 07:45:33] <r0ach> but you never know because people who shorted BTC at the top are trying to push it down right now
[2015-11-05 07:45:45] <r0ach> so it could be a day or two before they're forced to cover
[2015-11-05 07:46:05] <welong> agree
[2015-11-05 07:46:29] <welong> are in long/short on BTS?
[2015-11-05 07:46:45] <r0ach> there are enough people in here to move markets though, bidji was a nxt IPO person, realsolid has a billion btc, and I went all in btc at $230
[2015-11-05 07:46:52] <r0ach> and there's a few other people
[2015-11-05 07:47:14] <r0ach> I think BTS will just go sideways
[2015-11-05 07:48:37] <welong> nice, i trade mostly alts, i did x200 profit last year , hoepfully this year will be better for all of us
[2015-11-05 07:49:46] <r0ach> I've never lost money trading alts, but probably have not made x200 heh
[2015-11-05 07:51:17] <welong> haha awesome, good to know u guys
[2015-11-05 07:52:00] <r0ach> realsolid is supposedly opening a new exchange
[2015-11-05 07:52:03] <r0ach> "SUPPOSEDLY"
[2015-11-05 07:52:09] <welong> when
[2015-11-05 07:52:44] <r0ach> he ran mcxnow and is making a new one, whenever he stops watching TV I guess
[2015-11-05 07:52:45] <welong> well we need one, HALO exchange is launching at 2050 i think
[2015-11-05 07:54:26] <r0ach> gonna see if I can find fyrstikken and get him to come in here haha
[2015-11-05 07:58:52] <r0ach> sometime between now and 4 hours from now BTC should start more buy ins
[2015-11-05 07:58:56] <bidji> i needed some money euros, so i sold at 490$, pretty lucky hehe
[2015-11-05 08:02:29] <bidji> do you think the trend reversed for bitcoin, or is it just a minor correction to 1000$* and beyond
[2015-11-05 08:03:06] <r0ach> imo 415 will be the next resistance
[2015-11-05 08:25:01] <nOgAnOo> I love you, bidji
[2015-11-05 08:25:31] <r0ach> bidji is from france, it's normal for men to love each other there
[2015-11-05 08:25:40] <nOgAnOo> eww
[2015-11-05 08:26:01] <nOgAnOo> r0ach are you mega rich?
[2015-11-05 08:26:13] <bidji> he don't want to say
[2015-11-05 08:26:22] <nOgAnOo> I need some money to start trading
[2015-11-05 08:27:11] <bidji> You just have to suck one or two dick for that kind of money
[2015-11-05 11:17:44] <welong> what do u think on ETH, BTS, do u see any big rise in them or any other alt?
[2015-11-05 11:18:37] <r0ach> xmr after wallet
[2015-11-05 11:18:45] <r0ach> is the next big sure thing probably
[2015-11-05 11:19:10] <r0ach> they had to do a bunch of backend stuff to make the wallet not take up gigabytes of ram
[2015-11-05 11:19:15] <r0ach> and it's still not close yet
[2015-11-05 11:22:10] <r0ach> so basically just let XMR go down until it gets close to wallet time
[2015-11-05 11:24:13] <welong> hmm what's the wallet time
[2015-11-05 11:33:09] <r0ach> don't buy any yet because it could be months, but it should be big, they have an actual good cryptographer named Shen Noether now creating RingCT
[2015-11-05 11:33:50] <r0ach> basically equal to zerocash without the drawbacks of zerocash

You can probably guess who "welong" is...

Let me tell you why it's funny.  If you ever click the speculation forum, there are full-time, paid, anti-bitcoin shills.  Accounts like alias "lambchop" have created literally over 500 spam accounts that just post all day long saying "Bitcoin is going to die.  Bitcoin ponzi scheme is over.  Blah blah blah".  These same shills (who probably work for people like Goldman Sachs and JP Morgan) were also spamming "Ethereum is the new Bitcoin" at the same time.

The banker shills took this one right up the ass.  They bought a bunch of Ethereum IPO scamtokens and got raped.  How do you think this piece of shit Ethereum got to a billion market cap while being a scam?  Bankers were bankrolling it.  So for all Eth shills, I salute you:

All of you people constantly spamming your Eth propaganda were trying to scam others into buying it, and now you're mad you're losing money by knowingly participating in a scam and trying to deceive others into buying?  Numerous people in the Bitcoin world have told you it's a scam.  I've made about 20 threads saying so myself.  Gavin Andresen, Gmaxwell, Luke Jr, Fluffypony, Bob McElrath, etc all said the same thing.  Did it not seem suspicious to you that just about every single recognizable name in crypto who was not affiliated with Ethereum considered Ethereum a fraud?


Completely wrong.  Nobody has created any system better than PoW.  Why proof of stake is useless:

Live by the sword, you die by the sword.  IPO coins are scams designed to enrich the coin issuer, and Ethereum is no exception.  They have no other purpose.  On top of being a scam, it's not even possible to create a decentralized network using proof of stake - they're permissioned ledgers.  R.I.P. you scammers will not be missed.

Was that a legit sell or a short (23.5 btc).  There was probably around 30-35 BTC total.  It was like they're trying to force down the market on purpose.

No problem, we already have that covered:

http://bitcointalk.org/index.php?topic=1394842.0

Because he's the #1 Eth shill on the entire forum and is trying to trick people into buying Eth to remove his huge losses when the Eth price halved?

You're the biggest Eth shill on this forum and you have a PONZI scheme in your signature.

It's a fault in both the way the DAO was written and the design of Ethereum language used for scripting.  This is on top of the fact that Ethereum was just an IPO scam in the first place designed to enrich the coin issuer, and it's impossible to actually make a decentralized network using a recursive, closed entropy system.  Ethereum is a scam plain and simple.  It is not a "decentralized" anything.  It's a flat out centralized scam.

Ethereum has had a MtGox level event and will either die or be perma bear market for months/years.  They've shown it's completely useless to have a low level scripting language for contracts.

By shorting it?

This is the only coin on the Bologniex casino that has any fundamentals whatsoever and it's worth less than Dogecoin.  Looks good for a 10x.  Literally every coin is completely useless except BTC, LTC, and this one.  But LTC doesn't really have a reason to exist...

The original poster "Sandiman" posts non-stop trying to hype IPO scamcoins, so of course he's going to conjure some bearish BTC chart out of his ass to try and make his scamcoins go up while trying to get people to make believe scamcoins are a "hedge" against BTC price.  The halving is a fundamental, it does not show up in a chart.  If your methodology had any value, you would have been able to create a chart showing what the price is now when the price was $430.  You draw some bogus chart claiming a retracement is mandatory even if the cost of production doubles.  Sorry, but the cost of production trumps any of this bogus shit.