Total transactions per second: Visa: 24,000 Ripple (CCC: XRP-USD): 1,500 PayPal: 193 Bitcoin Cash (CCC: BCH-USD): 60 Litecoin (CCC: LTC-USD): 56 Dash (CCC: DASH-USD): 48 Ethereum (CCC: ETH-USD): 20 Bitcoin (CCC: BTC-USD): 7 https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypalVISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps. PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014. Today the Bitcoin network is restricted to a sustained rate of 7 tps due Iota can already handle between 500-800 tps. Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+) Only of those above, which itself advertises its speed is VISA  https://en.wikipedia.org/wiki/Visa_Inc. can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second Is this the raw truth? If it is, that makes two things true. Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental. Now time for some fun facts that wikipedia won't tell you: - a) in case of any problems visa is pushing responsibility onto the banks
- b) guess what, banks will push responsibility on you
- c) they can achieve such speed, mostly cause they don't friggin care about double spends, why?
glad you ask, well see a) and b) - d) if your card will get cloned and used in some other country - guess what you'll be charged, getting money back often takes few months... (mind cloned not stolen, in case of stealing, chargeback to the rescue)
- e) there are many POSes, that do not require chip-based authorization
- f) even worse, there are places, that do not require your PIN when using magnetic stripe - only your signature - you might be lucky if someone will use your stolen card in this way, cause in this case banks often shift responsibility onto seller, and he'll have to cover for his loss
- g) banks have limits on the losses they cover, so i) they will not cover if there was not enough funds stolen ii) usually there's some upper limit as well (although it'd be highly unlikely to get past it - i.e. you shouldn't keep that much money on account associated with your credit/debit card)) in EU it's several thousand of euros
So yeah, Heil VISA and let the banks live and prosper ❤️ Moreover, credit card issuers can easily block certain operations, like purchases of digital currency  https://twitter.com/coinbase/status/960726774391828481 |
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Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase
Bank of America
Citi
Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks I'd leave the decision what to do with funds on credit cards to their owners. Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further. Hey wait, it's actually happening now You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference Well, I'd expect a restriction on CC terms specifting explicitly what is not allowed to buy with your CC. If there's none, then the bank just gives you high rate loan without asking what you're going to do with the money. They determine upfront if you're able to repay the debt, and that's it. Applying a restriction looks like a change in the terms of your CC agreement. |
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Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase
Bank of America
Citi
Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks I'd leave the decision what to do with funds on credit cards to their owners. Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further. Hey wait, it's actually happening now |
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Having analyzed the crypto currency market for the perione of bitcoin falling from $ 1000 to $ 170, I can confidently say that now it is a very big correction. Many argue. that the bubble burst. but this is far from the case. On the contrary, now is a very profitable time for big investments and Bitcoin Cash is one of the coins profitable for investment. This is the first and most cool fork of fork. I advise you to buy at the bottoms.
Stock market and crypto markets, this is people hard working money, many might never invest in crypto after this bubble. Bubble bursts are necessary to knock out the multitude of weak entities in the market. Things will be better later and people will invest when they believe everything is more stable. It's not the end of anything. Even Bitcoin will survive, but it will not be the dominant player long term. Legitimate platforms will thrive later, just like Ebay and Amazon did after the early-2000's bubble. This was going to happen no matter what. The gains of late 2017 were too dramatic for it to do anything but what it is doing now - coming down. Crypto bubbles seem to cycle every 18-24 months. Based on the previous 2, we can expect a take off for another one late 2019, or early 2020; which will be close to next halving in June 2020. Looks like there's enough time for identifying new winners, and good old leaders. https://www.yours.org/content/welcome-to-the-bear-market--ea4c16edaedd/ |
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After watching market since Thursday (first bottom, todays is the second), I got into a very interesting chart on Quora It is for Bitcoin, but I really hope the same is not valid for ETH and the constant cries that it will reach 5, 10 and 20k in an year. https://www.screencast.com/t/54efNuFknFAll of it is so true, the bear traps, the media attentions, the unrealistic enthusiasm, the greed and the capitulation Ethereum is still into strong position anything is possible in future if we look over price of last year it was around $11.40 and now it's over $774. Now it's much easy for this ecosystem to get more bigger share from the market. Although it tanked hard, ETH is still doing better than others - it's ~45% down from its ATH whereas BTC approaches ~61.5%. I don't like technical analysis, but the fans may consider this BTC level to be strong support (not advice obviously) - on the other hand BTC has just crossed EMA 200 (on daily chart) which is always bad news mid-long term |
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Sigh... You know, there is no need for me to answer any of these questions.. But I will answer them anyway.. 1: Your question is mixing up things and is not correct.. I thought I was capable, but I failed on some security parts.. learn to read other posts.. 2: There is nothing to show/release if the end product is not secure. 3: We're switching to Telegram, slack sucks.. again, this was already said. 4: Sold some to fund servers, bought some, traded some, staked some.. Why? I can't use donations? Why send them in the first place... 5: Yes... Don't ask me when, I will ninja release it in the future if the security issues are solved.. 6: I'm not communicating as often as some of you would want me to, but I do communicate... I'm saying this to everyone who has doubts or accuse me of being filth whatever.. I'm not here to release insecure trading software to a community and I'm certainly not here to hold someone's hand on the bumpy road to get there... If you invested because you had faith in this project, I can only say.. That's the reason I'm still here.. That's the reason I dont run from a project.. But here I am, aswering questions to people like I'm some sort of criminal.. I guess being honest, and telling people I failed is not received well by some people.. Thats ok though, don't forget to shut the door on your way out if you want to leave... First of all, thank you for clearing things up. These were all valid questions (imo) that needed to be addressed and in my perspective questions that were more than normal to be answered. You take an offensive stance all the time, while you clearly don't see what is wrong with that. If you would communicate on a more regular basis instead of just missing deadlines and disappearing all the time there wouldn't be that many questions.. Put yourself in an investors position: weeks of no communication, missing beta deadline, weeks after beta the developer shows up and tells your there are security issues and you are off for weeks again, show up here on the forum after closing Slack, encouraging the dumpfest and ignoring questions. Obviously that leads to let people believe you are a scammer, which is not that weird to be honest. Anyways, lets move forward and hope that after all PIO is going places except the bin. I just wonder when will people run out of patience, and what will be the turning point where enough is enough. My impression is he's now trying to earn time in order to give the investors something that could restore his reputation. Question is what is this something that could be accepted as a replacement for the exchange. A new coin? doubt it |
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With such an exchange as cryptopia and bit-z - there is no future for the coin! Every time there is a problem with the resale of coins with a deposit.  HitBtc is working great! HitBTC is far from working great. They have many issues to solve including unreliable withdrawals, inefficient price increments, and many more annoying issues. |
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With one trusted men, I discussed this my problem on the telegram, he looked at my wallet.dat and said that BTX had gone to another address and it is impossible to restore them, only I still do not understand how, possibly malicious software...
It's unlikely you'll get it back, but if you own more crypto, you should check your computer for malware, and generally consider a security check for your holdings. Look at your system logs - maybe there's a record of something unusual. Thanks for the advice, all I can do is update the antivirus... It may be not enough. You should try to determine what happened. Was your wallet file secured with password? If so, it must have been discovered somehow. Try to check logs for network activity, suspicious programs/services, unusual behaviour like unexpected mouse movements, keys, etc. If you hold more crypto, don't use that machine until it's clean. |
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With one trusted men, I discussed this my problem on the telegram, he looked at my wallet.dat and said that BTX had gone to another address and it is impossible to restore them, only I still do not understand how, possibly malicious software...
It's unlikely you'll get it back, but if you own more crypto, you should check your computer for malware, and generally consider a security check for your holdings. Look at your system logs - maybe there's a record of something unusual. |
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Update: India Cryptocurrency https://inc42.com/buzz/indian-govt-crypto-assets-cryptocurrency/Indian Crypto Comittee head clarifies that cryptocurrency is not illegal in India This can be seen as a positive statement of our finance minister (India) that if no black money is involved, the government might allow the cryptocurrency trade to continue in future. It's so infantile. I wonder how would that be possible to determine that no black money is involved? Actually, they can be sure the black money IS involved in finance in general, and thus also in crypto. This is, however, really worrisome The general public should breathe a sigh of relief knowing that the government will now take steps to safeguard them, and that we are now closer than ever to a regulated crypto-asset market.
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I think it is good to see some rotation in positions of markets based on their capitalization. One month is already short from 12 as everywhere were shouts this year is going to be crazy for cryptomarkets there will be race and among markets to get better positions on marketcap in coming months. Ethereum couldn't defend its second position last year and now it looks ready to keep on going towards no.1 place. All this will be interesting in weeks.
The entire crypto market downwards happening, against the latest crypto dip except ETH, going up and survive strongly. At this point, ETH Is the Safe House! ETH is becoming strong when compared to other coins because there is no major dump happening at ETH. So there is the chance that the price of ETH will increase in the market very soon. This year ETH will increase its ATH by the end of the year. ETH was strong as hell yesterday, but that strength is gone now. Looks like the depth of BTC dump scared ETH holders too much  Obviously markets will recover sooner or later, but we'll see if it will reach new ATH, or the current dip is the beginning of longer bear market. |
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I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap  Probably because they believe it will go down even more, and they want to get out earlier. This is selling the bottom - usually those guys exprience permanent losses and default quickly on any market (stocks, currency, crypto, ...doesn't matter). However, XEL's bottom (in dollar terms) was ca. 0.11, so there's some space to touch it again |
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Meanwhile Bitcoin "fees are down" because nobody is using Bitcoin...
What? What are BCash fees, they are lower than Bitcoin? Thats is the bragging point of BCash with lower fees yes? So no ones using BCash? Very good logic there. Your logic is flawed actually, but it's pretty simple: (1)BCH fees are low because of its block size that can accomodate more transactions than BTC, and not because nobody uses BCH. (2)Because of block size limit, BTC fees depend solely on the usage - the more transactions, the higher the fees. This is long awaited fee market in action - you should be glad, and celebrate the champaign together with nullc https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.html transactions reference https://bitinfocharts.com/comparison/transactions-btc-bch.html#6m |
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Are we witnessing today the long waited breakthrough of Ethereum/Bitcoin chart dependency? Or is this a temporary phenomenon. If I am reading the charts correct, today Bitcoin and its little Lite brother are big time falling down in sync, while Ethereum is in the green against btc, eur and usd.
Yes, Ethereum is strong today indeed, but it was closer to so called flippening on June 12th 2017 when BTC had ~40% dominance and ETH ~32%. Currently it's ~33% vs 23%, and it'll be interesting watching how it all unfolds over the next few days/weeks. |
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Hello. What is the main goal of this project?
Hi, our project is covering a wide range of problems. In two words: we are solution of every problem you have with communicating cryptocurrency and fiat money. I really doubt you have solution for every problem. Instead of such bold statements, could you identify just a few issues that you're trying to solve with your project? Also: -your demo platform is russian, so there's no possibility for non-Russians to understand anything -can you specify the regulatory that authorized the Licensed Exchange approved by Swiss Bankers and Lawyers? Is it FINMA? -have you already developed the smart contracts you're going to use in your system? Hi, i'll try my best for you) - we have english version https://en.midex.com/- the license for exchange is Estonian, we say approved because our president was working in UBS Bank as Managing Director, Client Relations Director for Russia and CIS in Switzerland so we do have swiss layers and bankers as a part of our advisory board. Also by the end of our ICO we will announce our asset management fund which will have license approved by Swiss FINMA. - yes -Yes, I can see the English version now - thank you. It redirected me to Russian for some reason. -This statement Licensed Exchange approved by Swiss Bankers and Lawyers looks misleading as it indirectly suggests you have a Swiss financial license. You could be more precise, and maybe avoid such tricks as it doesn't build trust. |
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Read through the whole thread..
i did but these are modtly biased views every partner to them would risk reputation if it would be stolen etc no? but you agree that the lead developer is the same guy as it was last year start of the debate? No one really knows. There were fake profiles that couldn't be verified. I sold my measly 2 coins, so I really don't care. Where and how you sold b2x? You can try this service https://dig.walleting.services/#/ to move B2X directly to exrates.me (but volumes are low, so you can get stuck there for long if you want price higher than available buy orders) Obviously, since you have to provide private key, you have to first move everything (including all forks) that you have in your addresses |
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Hello. What is the main goal of this project?
Hi, our project is covering a wide range of problems. In two words: we are solution of every problem you have with communicating cryptocurrency and fiat money. I really doubt you have solution for every problem. Instead of such bold statements, could you identify just a few issues that you're trying to solve with your project? Also: -your demo platform is russian, so there's no possibility for non-Russians to understand anything -can you specify the regulatory that authorized the Licensed Exchange approved by Swiss Bankers and Lawyers? Is it FINMA? -have you already developed the smart contracts you're going to use in your system? |
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I bought some BCA on Yobit..is that okay? That does mean I own some BCA right..even without a Wallet?
You decided to buy it, so I guess it's okay with you. However, since you can't withdraw it, and there's no wallet, you own an IOU only. It's even tagged [Futures] in CMC https://coinmarketcap.com/currencies/bitcoin-atom/#markets |
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