if you haven't recovered from your socialist indoctrination, fine, it takes time, and we all do it at different rates
but can we stop with the reactionary statist claptrap, guys; it's vomitorious ffs in a bitcoin thread.
bitcoin is about creating sovereign individuals not sovereign states
you can't be fine with undoing central banks but somehow not fine with undoing central governments
You can assume I am an indoctrinated socialist if you wish, but you'd be wrong - and I am far from a reactionary statist, I have never worked for anyone but myself, so I am about as 'sovereign' as I can be. We all have our opinions on this and you are of course are entitled to yours, but I don't see why you think I should approve of Brexit just because I am long term supporter of BTC. BTC doesn't care is you're a swivel-eyed fascist, or a fucking saint. Actually GBP crashing down to a multi-decade low has at least meant my BTC are worth more in GBP and I will be personally fine whatever happens - but then I would either way. However, for my particular city (which voted overwhelmingly against Brexit), for my business and for my staff, it's not good news at all and I am just speaking of what I know, as I find it. That's all. |
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Disclosure: I am googling serious security options. And getting a little paranoid.
Use startpage.com instead. Thanks. I tend to use different laptops for general browing / email 'normal' stuff and keep clean macs for crypto. One for BTC and one for 'other coins' useful when rinsing out the BCC from old cleared paper wallets and keeping the BCC stuff away from my BTC core wallet (which I only use for in and out and back into cold storage) I tried DuckDuckGo a while back - is startpage better? |
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Brexit bollocks
I thought decentralization was good? Which part of being ruled solely by a corrupt and incompetent government that's set on doing away with human rights in a move that's going to destroy trade relations and prevent free movement of its own citizens do you consider "decentralization"? Is a Bitcoin miner mining alone in a prison cell with a brutal prison guard, on a processor taken from a Commodore 64 and with no internet connection a more decentralized solution than the whole rest of the Bitcoin network? wow, poisoning the well and a straw man in one sentence I doubt there is any utility in further engagement on this topic Oh I'm sorry, I hadn't realised from your flippant remark that you were interested in discussing Brexit. That's why I used an analogy to get my points across quicker about why Brexit is a complete clusterfuck. My analogy may not have been perfect but that isn't the same as a straw man, neither does it invalidate my points. It's a very worrying time for those of us who live in Europe since our whole future is on the line and the UK has so far refused to collaborate with the EU to guarantee our rights in our now home countries. Decentralisation might be good when it comes to money but when it comes to countries leaving the EU, that's actually more like auto-isolation, severing ties with the outside world. And no less centralised because the UK will now be ruled by one bastard government that cannot be trusted, instead of having the other 27 countries of the EU to moderate. Unfortunately many British voters on 23rd June last year just cried "Yay, independence! Sovereignty!" And yes some probably also cried "Yay, decentralisation!" Without thinking through the implications and consequences. And that's how we're in this mess in the first place. Yes. They were lied to. There should never have been a referendum, it was only to neutralise the Ukip threat to the Tories. Cameron expected another coalition with the Liberals and that they would veto the referendum anyway. Then he assumed he would of course win it. Then Boris and Gove et al simply lied and played the debating game, along with the race card. Massive, catastrophic fail. UK shamed, out and alone. The best example of a relative multicultural success that is the wonderful city of London will lose its preeminent shine. The decision to leave Europe is a disaster by any measure I have seen and we haven't even actually left yet. |
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I still sometimes find myself astonished that Monero - Monero! - has yet to achieve a 1B dollar market cap.
It will. Only a matter of time. It's just too fucking perfectly timed for the moment to not soar. But please don't tell anyone, yet I am still below my target stash.  |
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It is based in the Cryptonote protocol. It uses unique one-time addresses for each transaction so that only the receiver knows where the money went. This is good, believe me.
And, as if that wasn't enough, it signs the inputs with ring signatures. And this is great because that signature only proves that someone in that group created it. That means only the sender knows where the money came from.
Cut and pasted from here: https://www.cryptocompare.com/coins/guides/is-bitcoin-anonymous/I haven't bothered googling the rest... |
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Thanks to all the newbies for dropping by. But this is the 'Monero speculation' thread.
Sorry, but we are not really interested in your Minex thingy, or you parroting stuff other people have said for no apparent reason, or making irrelevant comments we don't want to read.
All the best, and do please remember to close the door on your way out?
OT: Monero coiling for a move. i smell an incoming hike. Loading up.
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Bcash latest stats:
There have been 235 blocks mined since the hard fork.
(887 blocks behind the original chain)
The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty.
The original chain has grown 900.42MB more than the Bitcoin Cash blockchain.
It is currently 64% more profitable to mine on the original chain.
Getting closer... the diff adjuster seems to be doing it's job. Hmm....
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Where I live guns are not easy to get hold of (thankfully) as I am not in the USA. I am looking at fireproof safes, cameras and other things (like paper wallets with a few in, but not many) I can give up if pressed that don't give away the real stash. I already have property I have bought overseas and some development land I have picked up, so I know if I lose the lot, I will still have something left from this ride, no matter what happens. I am getting tired of worrying about private key security and how I leave instructions for my family that they will understand (if anything happens to me). I gave them $100 of Monero way back and it went up massively, so they all understand a bit (I gave them it when it was around 30c a pop) so they do realise it's become a lot of money! But they are slow to get the 'this is your private key - if you let this become unsecure - you lose it all' bit. What can you do? If it goes up to 25K a coin, I will cash out a fair bit - buy a beautiful Aston Martin and make a really complicated will! |
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Just checked the prices and I see my coins are worth over $4.7kCAD each, over $4.3k as BTC and over $400 as BCH. Not bad. I'm glad I made the decision to be a double holder (for now).  Finally the hodler is vindicated - and with riches I trust, Jimbo. Good for you. Remember to diversify a little, though - you never know, right? |
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Nice one, Chef. A 'wall of money' - I hope so...! 25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!). Let's see if Segwit locks in and then if there are further forks... A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real. I get a little nervous when MSM starts actually turning pro-bitcoin. I always think, "Why are they suddenly promoting it? What's in it for them?" They've been relentlessly negative and dismissive for 8 years. Even at times laughing at Bitcoiners. Me too - I can't help being suspicious. Is it 'can't beat them, join them' time, or something else? That said, I think MSM just takes longer, it's naturally conservative. BUT: isn't this what we waited for...? If Wall Street (in all its stupidity) finally piles in, that 25K Bitcoin could be real. Only 21 million available and us fuckers ain't selling, plenty are lost and some are buried (Satoshi's?) - so far less to grab. Hurry up, or miss out of the investment of the century? I can see that as 'possible'. And there is me with hardly any to attack me with a five dollar wrench for Disclosure: I am googling serious security options. And getting a little paranoid. |
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IIRC... a year ago we were under 500 bucks.
Bitcoin is a hell of a ride, that is the only thing that is certain.
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No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble.
I cashed a few BCH in, I think I might hold the rest for now - just in case...
yep. that was my point. And it was an interesting one. Hedging bets is always a good idea. I was thinking 'thousands of bucks for free' and yet now I am thinking 'maybe I should hang on' The profit ratio deficit has closed massively in a few days and BCH is already clipping over $300 - not much more and it's possibly at mining profit parity.... Always expect the unexpected and live a little easier: BTC was never an easy ride, and no one here knows what may come next. I guess my thoughts are... How you gonna feel if BCH soars and BTC tanks if you sold 'em all at $200? |
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Nice one, Chef. A 'wall of money' - I hope so...! 25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!). Let's see if Segwit locks in and then if there are further forks... A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real. |
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The question is what happens if mining becomes more profitable there for a while, and then back, and so forth, and the consequences.
its developers are gonna do everything possible to make it more attractive to mine on. bcash's emergency difficulty adjustment thing is really gonna mess with some stats. bitcoin doesn't have it. https://bitcoinandtheblockchain.blogspot.co.uk/2017/08/btc-is-dead-long-live-btc.htmlthe above is a crappy article but it does have a few points. No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. I cashed a few BCH in, I think I might hold the rest for now - just in case... |
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Senser! Love that album - Age of Panic was my personal fave track on that album. I used to work with their label back in the 90's in my er.. former career. That takes me back - did you ever see them live? On topic:Patience? Yes - and accumulation! Dumping BCC for XMR feels delicious! That said, I don't like Finex much (have to hold my nose to trade there) but Bittrex seem to have frozen my old account (even though they were happy for me to put coins IN before they told me) Grrr... No response from Bittrex support after 48 hours - don't use them for your BCC /BCH? before you test they will let you withdraw. |
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Kraken price bch is now €185 euro
Won't last, but is Kraken open for deposits of BCH (once they find a block big enough to not reject!) |
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So few coins on exchange - it's ripe for any large player to manipulate...
And there are players out there with 'interests' to protect. It isn't over until it's over. And it isn't yet.
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I'm thinking that btc will flow to alts over the 1st in order to escape the chaos.
Thoughts?
There is two days left so should already flow. People withdrew their BTC. That is why there is so little bu orders. Was even under 600 BTC on Poloniex. For me, it looks like most people are getting out of alts to be sure of picking up as many free BCC (called BCH on some exchanges) as possible. Once BCC has forked off after 12.20pm UTC tomorrow and the first block is mined, then some will rush to sell and some of course will hold, but the 'alt bargains' will be where BTC and perhaps some BCC profits start to return. Expect a rise in all alts, including Monero as exchanges free up and Bitcoin / fiat re-enters the system if things appear to have not been apocalyptic. No one is filling their boots with alts tonight, but a lot of coins are looking very cheap and some will be itching to cash in as soon as the dust looks settled. I am personally expecting surprises even if (as it looks) the fork seems to have failed. Many actors will have plans afoot to pump / dump or spout FUD; BCC actors will want to prop up its price, or even buy to corner the market in it, before pumping it later. Short term, safe haven alts (like Monero) should benefit benefit from a BTC rise, a BCC rise (if it should happen) and even, conceivably, benefit from a fall in either or both once the new alt-BTC coin is issued and available to trade. |
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as for the fort, the simplest option is to withdraw to a paper wallet. send the bitcoins elsewhere after the fork and then use the private keys for bitcoin cash.
This is a good way to do it. If the replay protection on the BCC network has any bugs your Bitcoin will still be safe. So: All your bitcoins are on Address A After fork transfer your bitcoins on Address A to a new address Address B. - All your BTC are in Address B If the replay protection worked as it should, the BCC coins should all still be on Address A. You can new use the private keys for Address A in a BCC enabled wallet. Makes sense and nice and easy - I was worried about private keys vulnerability with a newly forged BCC... Thanks. |
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