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15901  Economy / Economics / Re: Crypto Exchanges vs Instant Swaps (changelly, shapeshift) on: April 09, 2018, 04:04:05 PM
If I use changelly, I actually have to download the wallet and hold the coins.

I agree that using Changelly or ShapeShift would mean you having the inconvenience of keeping wallets on your desktop when you would not have them if you put your coins on an exchange. The more they trade I am sure the rates will go down to stay competitive.
15902  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core 0.16.0 Released on: April 09, 2018, 03:41:19 PM
How long does it take at the moment to fully sync on Ubuntu?
15903  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Bitcoin Cash on: April 09, 2018, 03:00:06 PM
So after the fork happened and Bitcoin Cash was created, as of today on CoinMarketCap it shows:

Bitcoin
capital $118,038,167,261
price $6,962.42
circulating 16,953,612
volume last 24 hrs $4,671,340,000   

Bitcoin Cash
capital $11,306,077,844
price $663.06
circulating 17,051,288
volume last 24 hrs $286,801,000   

On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?

Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.

To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?

The point, as far as I understand it, was to make a more functional version of Bitcoin. Remember, the community was paralyzed with unreasonable transaction fees for over a year and there was consistently a backlog of hundreds of thousands of unconfirmed transactions. The block size was increasingly being viewed as inadequate to scale Bitcoin to an expanding user base (and probably still isn't, btw), and the people behind the split were seeking to address this rather than continue in the malaise since it was becoming increasingly clear that Bitcoin's leadership was unwilling or unable (and same difference, really) to institute changes that would keep Bitcoin competitive in the crypto space. It very much felt like the first mover advantage was being squandered and that Bitcoin could eventually fade to irrelevance, and the splitters sought to take corrective action. Whether or not any of that was accomplished or the motives remained pure after the split is another discussion entirely, but at the point of the split, there were entirely logical reasons for it.

What I find interesting is that the split parallels the religious split of the Lutherans from the Catholics (to use a somewhat obscure in this context but totally relevant historical analogy). The Lutherans believed the Catholic church was rife with corruption and special interests for selling indulgences to forgive sins, and believed that splitting from the church and creating their own version of the religion that was more pure and true to the original point of the church was the only way to save their own souls. Essentially, Bitcoin Cash was making the same argument- that splitting and adhering to Satoshi's original vision (which included increasing the block size) was the only way to save Bitcoin. To put it another way, Lutherans were the first hard fork.

Great analogy mixing religious theology along with technological advances. Brilliant way to study the situation between the religious fork and the crypto fork  Grin
15904  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Bitcoin Cash on: April 09, 2018, 02:57:48 PM
Bitcoin is always best as compared to  Bitcoin cash.In a year, we can expect huge raise in the price of bitcoin cash.Bitcoin had good support in the crypto currency market.Now the price of bitcoin cash is on the second place next to bitcoin.

How can you be so sure BCH will be second to BTC in a years time?
15905  Alternate cryptocurrencies / Altcoin Discussion / Re: WAVES vs ETHEREUM on: April 09, 2018, 02:55:32 PM
It really depends on for what purpose do you need your tokens. Because with ethereum you have many people that have built the infrastructure with many smart contracts and dapps and it might be better in a sense that you can find a lot more information, ask many more people for help etc.Although ETH has it's own decentralized exchanges which other people have built such as EtherDelta.

On waves it is much easier to deploy your tokens as you can do it with simple GUI and thus it makes it faster to deploy tokens. On the other side Waves might be cheaper. Waves might be better in a sense of volume, because there is only one DEX where most of the people trade, where as within ethereum you have different exchanges with different volumes.

I completely agree, it's funny how people get so tied up on the price of something thinking that only the price and market movements of a coin justify its usefulness.  Have you ever tried to develop or use a dApp?  If not I would research how too first before I would put any money into it so you could see the use case yourself. ... If you yourself can't justify using it, what makes you think it would have any value to anyone else you personally know?
Edit: I think this is more suitable for altcoin discussion sections

Thanks for the reply. The Mods can move this thread if I opened it in the wrong place but thank you for highlighting it.

I never used dApp and never heard of it and I have no plans to have my own ICO or tokens.

I just wanted to ask for opinons on what it was that made most people choose ETH over WAV for tokens and ICOs
15906  Alternate cryptocurrencies / Altcoin Discussion / Re: WAVES vs ETHEREUM on: April 09, 2018, 12:49:49 PM
It really depends on for what purpose do you need your tokens. Because with ethereum you have many people that have built the infrastructure with many smart contracts and dapps and it might be better in a sense that you can find a lot more information, ask many more people for help etc.Although ETH has it's own decentralized exchanges which other people have built such as EtherDelta.

On waves it is much easier to deploy your tokens as you can do it with simple GUI and thus it makes it faster to deploy tokens. On the other side Waves might be cheaper. Waves might be better in a sense of volume, because there is only one DEX where most of the people trade, where as within ethereum you have different exchanges with different volumes.

You can create and launch tokens using WAVES and release them if soft/hard caps have been reached and buy those tokens using BTC, visa/mastercard, ETH, WAVES, LTC and maybe more. The exchange to trade is fairly straight forward too. No real technical know-how necessary, fairly easy to use and basic to create tokens. All you need to do it is have 1 WAV in your WAVES wallet (currently just $3.47)

It seems 99% of ICOs are using ETH contracts where ETH purchases ETH tokens but WAVES can do the same things by providing greater token purchase flexibilty with multi-crypto and visa/mastercard purchase.

I am trying to understand why ETH contracts are so popular and WAVES are not
15907  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Bitcoin Cash on: April 09, 2018, 11:22:19 AM
I guess that's what makes crypto "unique" at the moment with it's unregulated nature. A group of people can create new coins if they have "ideological" differences. It was the same with ETH coming to rival Bitcoin. But with BTC and BCH, I think it was just an opportunity for more money grabbing, as compared to ETH which was for actually product development.

This is one of the best comments, thank you.

As you pointed out, at least ETH has something innovative to offer and was a direct evolution in the crypto sphere whereas so many others are simply clones of Bitcoin. In the event of Bitcoin Cash I agree with you that it does seem opportunistic by the whales for money grabbing.
15908  Alternate cryptocurrencies / Altcoin Discussion / WAVES vs ETHEREUM on: April 09, 2018, 11:10:49 AM
For tokens related to incentives or ICOs which platform would you say is more suitable?

With ETH it is tokens, simple. With WAVES it is tokens along with multi-crypto payments, visa/mastercard payments and exchange trading platform.

Which in your view is better for both investors and businesses, specifically regarding trade and purchases?
15909  Other / Meta / Re: Get Donator status by donating 10 BTC on: April 09, 2018, 10:22:21 AM
Are people still donating?
15910  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Bitcoin Cash on: April 09, 2018, 09:41:19 AM
What makes Bitcoin Cash worth it is the investors who own it. Investors keep Bitcoin Cash in great quantity, and they help to boost its price on the exchange. People believe in it because they get it from maintaining Bitcoin in the previous hard fork event. And they think that if they hold Bitcoin Cash, they will make a profit.

They HAVE made profit by default because of the fork.

Regardless of the facts Bitcoin Cash is still a valuable commodity with a great market capital and 24hr volume base, but again I emphasise the point (and ask people to reply with their opinions) about what the real reasons were to fork Bitcoin.

These same alleged benefits (faster transactions and larger 8mb blocks) could have been created with a whole new coin. I think those promoting the fork and advocating it saying it was the "real Bitcoin as per Satoshi's vision" were promoting nonsense and it was their greed to have BCH for free that was the driving factor. They did not care about Bitcoin or de-centralised trading or anything else. To me it seems they made a lot of money from being early investors in Bitcoin and because they held large amounts they were trying to control it. They lost, so they forked and tried to destroy Bitcoin but it backfired.

Bitcoin is still king and I prefer it that way

15911  Economy / Exchanges / Re: South Korean and Chinese Exchanges on: April 09, 2018, 09:33:34 AM
Will South Korean exchanges close or will try to circumvent the law by moving offshore to stay trading and open?

I think China closed its crypto exchanges so where did all their customers go?

I'm not sure about South Korean exchanges, but Chinese exchanges after the ban have definitely moved overseas. Huobi moved to Singapore as their headquarters if I'm not mistaken, and okcoin to Hong Kong when both of them were initially operating within China.

Some traders have moved to p2p platforms like Localbitcoins to make their trades, as demonstrated by the charts at https://coin.dance/volume/localbitcoins/CNY that show the huge increase of volume on LBC in the Chinese market sector since the exchange ban.

For crypto trades there are essentially a ton of exchanges available. I've seen Chinese people use exchanges such as Binance, Kucoin, even Bitmex. These international exchanges have be used anywhere. Not sure about the popularity of Huobi but they are definitely still used by some Chinese traders.

Great information, thanks.

So it seems some Chinese exchanges have moved their websites out of the country but are still owned by Chinese companies - I thought that was still a problem. Maybe they still have logistical operations based from China but are otherwise inplaces such as Singapore and elsewhere.

Localbitcoins does seem to have risen in popularity. It is wonderful how people move forward and continue to find ways buying and selling crypto when various regulations and bans are enforced.
15912  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Bitcoin Cash on: April 09, 2018, 08:42:49 AM
i dont know why many users been found trusting bitcoin cash when they already know that this was only a fud to put bitcoin down,but surprisingly after then still a hopeless case to be on top one coin..bitcoin will always be the number one ,unless all of us withdraw our faith on it,and transfer to that bch after

It was also to make whales a lot of money. It would be interesting to know how many whales kept their BCH or swapped for Bitcoin.
15913  Economy / Trading Discussion / Wallet TX Fee Variations on: April 08, 2018, 11:13:03 PM
How many wallets can you list that add extra amounts on the transaction fee (in order to make profit) when sending Bitcoin?
15914  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Bitcoin Cash on: April 08, 2018, 10:21:07 PM
11B is still enormous amount of money - the BCH cap.
I never liked the fork/project, but it's supported by Bitmine and other big players.

I don't believe in BCH, but I'm holding few for just in case Smiley

Sure it is a good idea. Why not hold on to them, at the end of the day it is all about money and I wish you make it from BCh and whatever else you might have.

I wish success to all those who received free BCH because of the fork but I just do not think the block 8mb justifies enough for a fork to occur.
15915  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Bitcoin Cash on: April 08, 2018, 08:56:18 PM
It is very possible that this is the next currency that will replace bitcoin, I'm thinking of buying it on hold, I still believe that bitcoin is not eternal and must be replaced on schedule. (My opinion)

If a coin has to replace Bitcoin then surely there must be something special or unique about it. From what I see Ripple network and Ethereum have more chance than Bitcoin Cash to replace Bitcoin but for now and the next few years it is so hard to see anything beyond Bitcoin as the top crypto.

It seems BCH was launched in a rush, not properly planned therefore has nothing that can benefit anybody. The 8mb block is nothing special and does nothing to dislodge Bitcoin or threaten its position. The only benefit I see is that the short term financial gain the whales would have had when receiving free BCH as a result of the fork.
15916  Bitcoin / Bitcoin Discussion / Re: Bitcoin First Billionaire: Winklevoss Twins on: April 08, 2018, 07:48:32 PM
What do you think most or all of the whales did with their Bitcoin Cash after the fork?
15917  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: ShapeShift.io - Instant Coin Exchange - No Account Needed on: April 08, 2018, 07:01:54 PM
For the first time I see a project of such quality. Have used and received as a gift 1 Lit THANK you!

Why are you happy with the quality, is it because you received 1 Lit or is it because of the buying and selling actual process and your experience?

Did you check and compare their rates with others? Have you tried Changelly.com? The negative reviews ShapeShift received were enough to put me off a long time ago. I used Changelly a few days and can safely say it was an excellent experience, quick swap and on top of that I compared the exchange rate with ShapeShift and found I was receiving more in return with Changelly
15918  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Bitcoin Cash on: April 08, 2018, 06:46:28 PM
Bitcoin is clearer in its future and has gained a lot of trust from people. so I recommend bitcoin to be invested in the future. so it's better to choose bitcoin instead of bitcoin cash

I agree but in that case why do you think the fork was created in the first place? From what I see it served no benefit.
15919  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Bitcoin Cash on: April 08, 2018, 06:21:23 PM
of course I would choose bitcoin instead of choosing bitcoincash because I think bitcoin cash is a little less than the maximum and never seems to be able to compete with even the price of bitcoin.

I see no reason why Bitcoin Cash would overtake Bitcoin. It brought nothing new to the table apart from a 8mb block and was is really a big revolutionary deal?

Bitcoin remained King... but Bitcoin Cash, well it is not even Price because Ethereum has that accolade.
15920  Economy / Exchanges / Re: Best Exchange to Withdraw Money to UK Bank? on: April 08, 2018, 11:34:13 AM
They'll all have limits. All of those limits will be pretty low unless you go the extra mile and hand over your life.

If you have a properly large amount then forget exchanges and do an OTC sale via genesis trading or Cumberland mining or similar.

I never heard of these. Thanks for the idea I will check them now:

https://cumberlandmining.com/faq (faq) What is your minimum trade size? Our minimum trade size is $100,000

https://genesiscap.co/ Minimum short-sale size is $100,000

Now that is interesting. Big business, big amounts. Thanks for the information but are there any other firms out there that do the same?

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