You've got to treat stuff like that like a hot potato. I remember plenty that had ongoing airdrops like byteball that had them surging week after week. As soon as they changed the strategy they fell through the floor and died.

They're the purest shitcoins out there. You have to ride the waves and jump out the water before everyone else does and no one should get sentimental about them. You never know though if there is to be another alt season some of them may spring a surprise. Could be a long wait.

That's a classic shitcoiner viewpoint that's totally the wrong way around.

What matters, especially when you're dealing with code conjured out of thin air to begin with, is track record and trust. No one gives a shit about your one second block time if it's run by one server and maintained by one person and fifty people know about it.

That can be replicated a trillion times over. It's worthless before it got going.

What Bitcoin means cannot be replicated. It takes years and the efforts of millions of people. No way will enough people gather around another project of their own free will in the same way again. It's a once in a lifetime happening.

The incentive is there to make the dominant chain work, not invent a new one. Layer two stuff may deal with the capacity aspect. If not then something else may well come up.

I've seen Nano fans genuinely incapable of understanding why they haven't taken over the world yet. It's rather obvious if you think it through.

I made a point of making a note of when I would've considered selling to buy back. Every single time it would've been a total disaster. I took that as a sign to stay put and do nothing until the price comes to me rather myself seeking it out and failing.

This forum is littered with casualties who believed they could time things and then were never heard from again. Holding can suck. It's boring. However it gives you a much higher chance of getting you there in the end which much less scope for making a balls up.

Interested to know what effects the shitfork halvings will have. For many of them they're already so piss weak that I wonder how many miners will bother afterwards, and of course some have been fucked with so heavily the halving will arrive much sooner than BTC's. 11 days or so for BCH.

It now has the world's highest number of cases. The death rate will surge soon unfortunately.

If I were running the US I see no reason why you wouldn't impose internal border controls. A lot of states have very, very few routes between them and they could be easily controlled and often have barriers in place already to check produce and trucks. There seems little point in making some guy sit in his cabin in Montana to save someone in LA. However that's all too late now.

If they had been put in place at the right time whole swathes of the US could operate relatively normally just as China did.

A shit ton will be learnt for when this happens again.

You might be on to something there.

I'm over 40 but I was already a stunningly unsociable git and this gives an extra reason to be so. However travel is my thing so I might lose my mind before my body collapses. I will wander the world in VR and hook up some sort of smellovision too.

I would also hope that people here have more than the average to be able to sustain themselves if things get tight for a bit.

Depends on what device you're using. On a PC it doesn't really matter. They're all much of a muchness. There are far fewer annoying things to route around on this site than most others.

On a phone then you may quickly be driven mad unless you have the right option. I tend to use the wap2 version just for browsing but if I need to use all the functions then Opera on mobile does a very good job of rescaling on the fly. I do think it's becoming increasingly spyish and spammy though.

Nice shitpost.

You don't get any money back from Gox, you get it back from the administrator of the bankruptcy who does happen to have the funds. The sticky bit is getting them back to people. There are still lawsuits outstanding against Gox put together by assholes and then there's the sheer slowness of law.

So did you give the Fortress offer some thought?

https://www.coindesk.com/investor-fortress-raises-buyout-offer-for-mt-gox-creditor-claims-by-71

I'm not sure what I'd do if I were in this situation. That raised offer would look compelling to me. Giving up 12% off for instant fulfilment starts to look properly tempting.

Conspiracy theory of the day - Lambie Slayer is actually the person he claimed to slay. The state can no longer afford the experimental meds that turned the tide back in the day.

One week before we get goatse and Chinese astronaut cartoons again.

Maybe a few months or years down the line. Even then that's debatable. But I would prefer the same number of months or years of smooth running instead.

What Bitcoin still needs more than anything is more education. People tend not to look to the new and unproven when everything is going tits up. This isn't a blip or a shock, millions are looking at full on ruin.

Lovely idea. That will never, ever, ever happen. That behaviour is as hard wired into most people as breathing. Bubbles, FOMO, regret, they happen in all markets, not just Bitcoin.

What's easy to forget is that for most people here this is the first time they've ever been involved in any type of market. It doesn't help that this particular market is flat out nuts, but the things that seem to surprise some happen in the exact same way elsewhere.

It has 125 million people earning around ten times more than Chinese people. You're hard to please.

China is long gone. Korea burnt itself out, is also a closed market so no foreign money can get in and out, and it has been another one with zero fees which makes volume meaningless.

That's a very good point. You've reminded me the biggest Japanese exchanges had zero fee trading just like China. That makes whatever impact Japan had at the time doubly irrelevant. They're well ahead in terms of retail adoption compared to most places. I'd be very intrigued to know if it's anywhere above negligible.

I might do it once or twice a day at the moment out of curiosity as to whether it's soared or collapsed. Before this current madness I could go for a few days without checking as there was little prospect of dramatic price action, until recently of course.

I hope this isolation doesn't cause people to dwell on crypto troubles too much if they have them. It's out of our hands. If I had a reasonable amount I'd be inclined to spend a bit of it on something that enriched my life and redirected my attention.

There'll be the most info here - https://www.reddit.com/r/mtgoxinsolvency/

If you're registered to receive the email then there's nothing you need to do. You're in the system. This is about how they're going about paying people back.

I fully expect continuous growth in Bitcoin over a longer period of time. There will of course be peaks, troughs and panics along the way but it seems not enough people here have enough perspective of where Bitcoin is placed.

The amount of ignorance about it out there is still stunning after all these years. There are billions of people who haven't taken a few minutes to think through what it actually means. Education is a shit ton of growth right there.

Once enough people understand it then it enters another phase of actual usage. So far there is virtually no actual usage beyond speculation.

Once every possible person is using it and every possible use has been explored and created then you have deflation and that really is continuous and eternal growth versus the things we're used to.

You could look into putting money into Bitcoin casino bankrolls. Gambling is one of the few consistently profitable businesses out there. There are some long established operations out there.

Thread here about it - https://bitcointalk.org/index.php?topic=5189141.0

As for normal P2P lending with crypto that is pure suicide in my opinion. The track record is risible.

If you can do it without badly compromising the smooth running of your life then it's a no brainer. There's no point in giving it up if you can easily avoid it. Once it's gone, it's gone.

At the same time there's a balance. I've seen people looking at giving up 10-20% of the value in crypto they're trying to realise dicking around with gift card resales or dealing in cash. I'd prefer to retain more and deal with a small number of reputable companies who will know my ID. And all your obsessiveness can evaporate with one slip up.

There is Bitcoin, and then there's everything else. Everything else is effectively interchangeable.

I can imagine scum like the BSV crew will play with pumps and market caps to attempt to make it look that way for brief moments before they fall back but nothing will sustain as they're ultimately empty gestures.

Bitcoin is the oldest, best developed, most purely launched and most decentralised project. That all adds up to trust and trust can't be bought or faked. It can only be earned. Nothing will be able to match that trust and that's the main thing that counts in deciding market position and value.

I can imagine in future there will still be something named Bitcoin that bears no technical resemblance to what we use now. Because it's the same ledger it will still be Bitcoin.