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14601  Bitcoin / Bitcoin Discussion / Re: I have had enough of "bitcoin is dead" FUD *VOTE* on: December 16, 2018, 03:31:25 PM
I genuinely believe its the whales posting on new accounts to make people sell their undervalued coins so they can buy them all up!!!

I'd be careful about writing off everything you don't agree with as "FUD", but there are certainly a couple of users who spring to mind who regularly flood this board and others with utter nonsense. I don't think they are "whales" - their ramblings are just too incoherent and nonsensical. I would wager they fall in to one of two categories:

1 - bought high, sold low, are bitter that they lost money because of their own stupidity, so rage all day on the forums
2 - shorted from a poor entry position, and are desperately trying to lower the price so they can break even

Best thing to do is ignore them. They are only here seeking attention. Don't give it to them and they will get bored and leave.
14602  Economy / Speculation / Re: Which Coins will be the top 10 on market cap in 2019? on: December 16, 2018, 03:06:55 PM
Ignoring the fact that marketcap is an arbitrary statistic, and a poor way to rank cryptocurrencies, half the coins currently in the top 10 are scams. Both Bitcoin Cash forks exist only to make some quick and easy money for Ver and Wright. XRP is centralized. Tether isn't actually backed up by any fiat and they continue to refuse to allow an independent audit. Tron is vaporware. EOS is a centralized, corrupt, scam that prints new tokens out of thin air on a daily basis. All these coins will disappear out of the top 10 at some point.

Monero should definitely regain its top 10 status. It is one of the few altcoins that has a good, working product, with constant development and updates, and fills a niche that bitcoin doesn't

14603  Bitcoin / Wallet software / Re: Coinomi Desktop on: December 16, 2018, 02:06:54 PM
If they want to compete with the other wallets out there, supporting hardware wallets would be a must for them.

Now, that would be interesting. Complete integration with a Ledger Nano to support all the altcoins the Ledger supports without having to use a separate wallet for each one. That would be a big untapped market, but obviously a huge undertaking. If you look at https://www.coinomi.com/assets/ however, most of the coins Coinomi currently supports are shitcoins, so unfortunately this is a loooong way off.
14604  Bitcoin / Bitcoin Discussion / Re: QUESTIONS 51% attack possible? Is BTC dead for good? on: December 16, 2018, 01:59:55 PM
But comparing a 51% attack on Bitcoin, and BTG, and considering them to be the same would be stupid. Bitcoin, with its already reduced hashing power, is a world apart from BTG's hashing power.

Just to put some numbers on it:

When Bitcoin Gold was successfully 51% attacked back in May, it had a hashrate of 40 MH/s. The last time Bitcoin had a hashrate of 40 MH/s was in 2010. Bitcoin's current hashrate is around 41 EH/s, which is 41,000,000,000,000 MH/s. So you know, only out by a factor of a trillion or so.

Still, the hashrate has been increasing pretty steadily for the last 4-5 days. I wonder if it has hit the bottom for now.
14605  Economy / Economics / Re: Ohio Congressman: We can fund border wall with “WallCoin” ICO on: December 16, 2018, 01:41:17 AM
Wait. Wasn't Mexico going to pay for the wall? I'm sure I heard Trump say that no less than 100 times during the campaigns. Now they've resorted to crowd funding? Roll Eyes Having said that, there's no shortage of idiots to throw money away at ICOs, and there's no shortage of idiots who think a border wall is actually a good idea, so maybe it's not such a ridiculous pairing after all.

Someone get Jet Cash in here and tell him www.wallcoin.com is for sale.


I'm pretty sure this politician doesn't know what the fuck he's doing or talking about.  Typical.

That's almost certainly a given, but he maybe also knows that almost all ICOs are get-rich-quick scams for the developers, and wants to cash in on some of that sweet, naive, newbie money.
14606  Economy / Economics / Re: On stablecoins on: December 16, 2018, 12:33:18 AM
-snip-

If we are assuming, as you say, that these stablecoins are fully backed up by fiat currency, then all you are doing is pushing the problem of printing out of thin air and inflation back a step. Instead of the crypto itself being printed out of thin air, the fiat currency that is pegged to is instead. The end result for the crypto in question is still the same - devaluation.

There would still be advantages over actual fiat in terms of transaction speed and fees, but without the advantages bitcoin brings of true decentralization and capped supply.
14607  Economy / Speculation / Re: A big advice on how to invest with BTC on: December 16, 2018, 12:28:31 AM
The denarium coin idea is interesting. It's almost like the problem gamblers who give their credit cards to a friend so they aren't tempted to spend above their limit. You could easily achieve the same thing with a hardware wallet or paper wallet though - if you secure it somewhere that takes some time for you to access, like in a safety deposit box or with a trusted friend or family member, you won't be tempted to spend/trade your coins in the "heat of the moment". And as long as you know the public address, you can continue to filter off some of your profits to that address for safe keeping.
14608  Bitcoin / Bitcoin Discussion / Re: QUESTIONS 51% attack possible? Is BTC dead for good? on: December 15, 2018, 11:04:11 PM
Oh, this again. Roll Eyes

Not sure how many times we have to debunk this nonsense. The hashrate is currently sitting at 41 EH/s. That's higher than it has been for the entire time bitcoin has existed, except the last 5 months. We were below this level for 9.5 years without a 51% attack. At peak prices this time last year, when a 51% attack would have been the most profitable it has ever been, the hashrate was less than one third of what it is now at 13 EH/s.
14609  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: December 15, 2018, 10:57:31 PM
My god, the Burnley game was boring. I stopped watching at half time. Burnley pretty much started time wasting and trying to run out the clock before the 30 minute mark. Some of the most boring football I've ever seen.  They only actually started playing in the 91st minute after conceding. Here are some words that I don't think I've ever said before in my life: I'm so happy Spurs won. Burnley deserve to be punished for the way they played today.

Fulham were awful. I really can't see them avoiding relegation, which is pretty ridiculous considering just how much money they spent over summer.
14610  Economy / Economics / Re: welcome bulls , Bye bears on: December 15, 2018, 10:31:02 PM
i think next year will definitely be more positive than 2018, but i think it'll be a fairly quiet year without major gains either.

Great. Lots of time to slowly accumulate more then.

In all seriousness though, it is blindingly obvious that the growth we saw at the end of 2017 was neither natural or sustainable. There was absolutely no way that we could sustain that growth or even sustain peak levels, when so much of it was built on nothing but hype and speculation. Real growth for bitcoin comes with widespread adoption, which takes time. Another ridiculous bull run would make some people money, but would also result in another huge spike of scam ICOs driving others away from crypto altogether.
14611  Bitcoin / Wallet software / Re: Coinomi Desktop on: December 15, 2018, 10:16:08 PM
Coinomi did post this tweet (https://twitter.com/CoinomiWallet/status/937666832089133056/photo/1) in December last year, which shows a desktop wallet looking a little bit nicer than the one HCP posted. The example on their website does look good, but also looks like it is several months old - probably from May this year given the timestamps and BTC price.

Might be nice for the casual user, but I can't imagine many people who own a Ledger/Trezor choosing something like this over their hardware wallet.
14612  Other / Serious discussion / Re: Are there any selfless deeds? on: December 15, 2018, 09:52:05 PM
I was involved in the case of a patient who donated a kidney. They didn't donate it to a friend or relative, there was no incentive (financial or otherwise), they weren't being coerced, or any other reason. They just decided - people can live with 1 kidney, so I'll give one away. They put themselves through a life-changing operation, that carries a very real risk of death, for the benefit of an anonymous stranger. Due to patient confidentiality, this donor will never even find out who received their kidney or whether the transplant was successful, unless the recipient chooses to waive their right to confidentiality.

They put themselves at risk for no personal gain for the benefit or someone they don't know and will likely never meet. I'm not going to get hung up on whether or not the donor felt good about it or not - this is a truly selfless act.
14613  Economy / Gambling discussion / Re: Cloudbet's English Premier League Football Pool Discussion Thread on: December 15, 2018, 07:08:06 PM
There's nothing in the rules about default picks being disabled after a certain week or anything like that. All it says is that everyone gets 15 default picks per season. Since you haven't used any so far, you should be getting default picks on those 6 games. Maybe it waits until all the games in this week are over before adding them in?
14614  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: December 15, 2018, 10:25:08 AM
but it would be nice if City were to somehow slip up.

City are having some major injury problems right now. If I'm right, Aguero, Dilva, KDB, Fernandinho, Mendy and Danilo are all injured for the foreseeable future. But I mean, having said that, they still have the likes of Sterling, Sane, Mahrez and Bilva. Kinda ridiculous they can end up with six 1st team players injured and still field an amazing team regardless.

I agree though, you will be lucky for Everton to take any points from City. A consolation Richarlison goal would be nice for my Fantasy Football team though.
14615  Economy / Speculation / Re: Weiss Ratings reveals this is the best time to invest on: December 15, 2018, 10:17:40 AM
This will make some sense only if we find out that the people behind Weiss' cryptospace division only knew as much as the newbie farmed accounts that post in the main altcoin subforum.

Everyone has an ulterior motive. I wouldn't be surprised to find the person in charge of Weiss' crypto rankings was holding a bunch of the coins they rated the highest.


they are basically calling it "technology" under different characteristics which they compare and then rank the coins. for example one thing they consider is the smart contracts and if a coin has that option it automatically gains a higher rank!

You are correct, and it is frankly hilarious that they think EOS outranks bitcoin on "technology". EOS doesn't even outrank fiat in terms of "technology". At least with fiat if your bank freezes your accounts or steals all your money they have some kind of review process, or you can appeal to the relevant financial regulator. When the EOS block producers decide to steal all your coins, there is absolutely nothing you can do about it.
14616  Other / Meta / Re: Top 200 Merit receivers without Merit from the Top 200 Merit receivers on: December 14, 2018, 11:59:47 PM
most of the members are just sig spammers writing complete nonsense.  Even if someone were to write an exceptionally good post in AC, it'll be buried under a mountain of shitposts within minutes. 

So they just build up until like we know the good posters are drown out and stop posting ( i hope temp)

This is the truth, unfortunately, and is the reason I and many others no longer bother venturing in to the altcoin boards. It is nigh on impossible to have anything approaching a real discussion as your posts are quickly drowned out by barely English one liners.

Here is one of my last posts in any of the altcoin boards: https://bitcointalk.org/index.php?topic=5060609. Now, I am by no means saying this is an exceptional post or begging for merit, I'm simply pointing out that this was a serious topic that deserved some level of discussion. It got 7 replies that weren't me and a total of 120 views. Compare that to completely vapid and meaningless topics like Crypto going strong! and Buy altcoins or not? with thousands of replies. The users who are still using the altcoin boards by and large don't even want to have a serious discussion. All they want is to churn out maximum one liners in the minimum amount of time so they get paid for their bounty campaigns whilst putting in the minimum amount of effort.

I don't think any change in reporting or meriting behavior is going to change that. Until we address the root of the problem - bounty campaigns paying spammers for shitposting - those boards will remain cesspools, and any good posts will go buried and unmerited.
14617  Economy / Speculation / Re: Is it allowed for users to share their opinions on my purchase plan? on: December 14, 2018, 11:14:30 PM
I have zero reservations about throwing $50k into Bitcoin over the next few months (and $50k is an absurd amount of money for me, outside of my crypto portfolio at the end of last year and the first half of this year I've never had $50k in my life before - I'll only have it now cuz the company I work for is about to sell so I'll make some decent money). Still, zero reservations.

You should definitely have reservations. You should have some reservations investing money in anything, even "safe" asset classes like government bonds, and you should definitely have some investing in something as risky as bitcoin.

Look, I'm probably as long-term bullish as you are, but nothing in crypto is guaranteed and nothing is risk free. You've said yourself that $50k is an "absurd" amount of money for you. No one should be investing what they consider to be an "absurd" amount of money in any one thing, except maybe if you are buying a house to live in. Spread that 50k over some combination of fiat savings, bonds, stocks, gold, etc, as well as crypto.


but if you view Bitcoin as risky (I don't)

You should. Everyone should. By its very nature, bitcoin is risky.
14618  Other / Meta / Re: make fun of plagiarisers that act dumb on: December 14, 2018, 10:00:28 AM
@mocacinno:

PM me your email and I'll send over the file. I assume you have a program to open .psd files (photoshop, GIMP, or similar) and know what you are doing with them? If not, I can scrub the template clean and send it as a .jpg if that's easier for you to work with?
14619  Economy / Speculation / Re: Weiss Ratings reveals this is the best time to invest on: December 14, 2018, 09:53:47 AM
I doubt they mean EOS is a better project than bitcoin itself...

Except that's exactly what they mean: https://bitcoinist.com/weiss-ratings-releases-93-cryptocurrency-grades-free-week-7-major-winners/

In terms of technology, they rated EOS "A-", while rating Bitcoin "B". In terms of investment, EOS was "C-" and Bitcoin was "D+". They think EOS has better technology than Bitcoin, will be more widely adopted than Bitcoin, and has a better risk/reward ratio than Bitcoin. Frankly, given that EOS is designed entirely to make profit for the 21 centralized, corrupt, vote-colluding block producers, and these block producers can reverse transactions and "confiscate" (read: steal) your coins at any time with no oversight or appeal process, it is frankly laughable to think that this is somehow superior to the decentralized nature of Bitcoin.

This is why you should pay no attention to the Weiss ratings.
14620  Economy / Speculation / Re: Weiss Ratings reveals this is the best time to invest on: December 14, 2018, 01:08:19 AM
I shake my head. Is this the same Weiss Ratings that rated bitcoins a C but rated EOS an A? What fraud and craftiness is this? Do not trust them.

Yup. Back in May and June they were rating EOS as an "A", which by their own rankings means "strong buy" with a "high probability of stability". EOS has fallen by ~90% since then, and that's without even touching on the fact that EOS is a centralized scam. It would seem both their judgement of what constitutes a good coin as well as their judgement of current market conditions is poor, at best.

Also, we've been promised bull runs due to various events many times before that never happened. Chinese New Year, institutional investors and Wall Street bonuses all come to mind. I'll believe the Bakkt lead bull run when I see it.
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