Is that why the ideal fast confirmations fee bitcoinfees.earn.com recommends has dropped by 70 satoshis/byte? Yes, most definitely. |
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Feeble weekend half pump starting?
Whatever it takes to get out of the 11k range for me. The buy orders that I have are all placed in the 10K range and it doesn't make sense for me to sell until 12000. My ping pong action hasn't been working too well the past couple of days. |
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Hmmm
Just found something that says they are going to put Tether on lighting.
A US dollar denominated crypto on Lightning. That’s extremely powerful. Arguably that destroys Ripple and Litecoin.
I still trust Litecoin more. At least it's coin creation is based on proof of work and not blind trust like Ripple and Tether. Plus, Litecoin definitely will be implementing lightning and be engaging in atomic swaps. I enjoy the concept of atomic swaps because you can trade coins P2P without relying on a middleman exchange. |
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...
The only difference is that BFX has a US$10,000 minimum to keep out the noobs.
I would really like to know how many new funded accounts they got after last week's opening. that could give some clues I really wish BFX/Tether would give us a clue on how the accounting works at all. Is there any useful information anywhere? It all looks like magical monopoly money. It appears that someone can just create Tethers without proof of anything, except having the right Omni private key? |
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All it takes for Tether to become completely worthless is one guy decides to seize the account at TetherBank
Do they even really have bank accounts? I'm really confused on how the Bitfinex/Tether thing even works. Don't understand why Tethers are never destroyed. Aren't there some days when the fiat withdrawals at Bitfinex exceeds the deposits? Very perplexing. Surely people haven't been depositing $100 million per day this week at Finex, with the recent correction. There can't be that many bargain hunters. Especially when none of their customers are supposed to be from the US. Is it a pain to deposit USD into Bitfinex if I am from Norway? I'm clueless. It's not just bitfinex anymore that uses tether. There is poloniex, bittrex, and maybe more. I have a polo account and am all bitcoin in it, unless I see a quick trade. Yes, but you cannot deposit fiat into Polo or Bittrex that I am aware of. Could be mistaken. So the Tethers that they have there originated from a different source. I don't think the $100 Million tethers being created daily are going to any other exchange except Bitfinex. Kraken also uses Tethers and lets you deposit fiat. However, I don't think the freshly minted Tethers are going their either. |
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All it takes for Tether to become completely worthless is one guy decides to seize the account at TetherBank
Do they even really have bank accounts? I'm really confused on how the Bitfinex/Tether thing even works. Don't understand why Tethers are never destroyed. Aren't there some days when the fiat withdrawals at Bitfinex exceeds the deposits? Very perplexing. Surely people haven't been depositing $100 million per day this week at Finex, with the recent correction. There can't be that many bargain hunters. Especially when none of their customers are supposed to be from the US. would it be a pain to deposit USD into Bitfinex if I were from Norway or Australia? I'm clueless. |
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You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?
so whats the solution, because if there was another GOX, then all crypto will take a massive hit. cash out everything to fiat and forget the whole thing? Didn't Gox like have something like 80% plus of the volume? It was before my time, so I am not sure. Guess you could wait until the shit hits the fan and make an exit soon after. Then buy back cheaper after a year. Either that or you could put a massive short on at a reputable exchange (if you can find one). but short it against what ? bitfinex and poloniex use tether. Go 100x at Bitmex.  Just don't get REKT. You will need to use VPN and lie about your information if US citizen. (I personally have never tried to register, but I think their verification process is rather light.) You could also try the CBOE and CME if you have fiat. They don't really trade BTC, just are speculating on the price of BTC on certain dates. |
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You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?
so whats the solution, because if there was another GOX, then all crypto will take a massive hit. cash out everything to fiat and forget the whole thing? Didn't Gox like have something like 80% plus of the volume? It was before my time, so I am not sure. Guess you could wait until the shit hits the fan and make an exit soon after. Then buy back cheaper after a year. |
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How the fuck do exchanges even go insolvent? Either they got "hacked" or they misappropriated the funds. Bitfinex got "hacked" back in the Summer of 2016. I highly suspect that they have misappropriated funds, though, and the "hack" was a inside job. Even if it was not an inside job, it takes a special kind of stupid to allow some hacker to access the hundreds of private keys that was required for the "hack." It may be really bad for the BTC economy when they finally go under. However, in the end, the cryptocurrency marketplace will be better without them. I absolutely dispise Bitfinex. |
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I SODL on downside of the last bounce. Now it looks like it will be bouncing higher. Was hoping this was a dead cat bounce. Probably will soar now. |
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If you would like to help continue the ongoing stress test to the BCH network, please send 1 BCH satoshi to one of the following addresses. Include a fee of 1 BCH satoshi fee as well. Each address can be decoded to a special message as well.  173NAdgVkPH816WVdSJQ8rqcAz8Q6MB8bL 17RYviQbW4BhtyzsPq973Mqd8yvJhBnPif 17RYviQbUnELRZwbeuxddyDzGEsJCoy3m7 18bvDcSDVF3aH8WYU26qEUG5ure4ZuiUnA |
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Let’s start a campaign for bigger Bcash blocks.
why even have a limit? let's put pornhub on the blockchain I can't seem to find the web page that will help me construct transactions with text and picture. Anyone have the link? |
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Hells yeah, I was getting really pissed at these arseholes. Maybe they have decided to stop biting the hand that feeds them. These pricks should be doing everything to support BTC, not trying to ruin it out of some kind of childish spite. I hope their attitude is changing. It's probably self preservation. Their poor UTXO managment has rendered many of their inputs as basically unspendable. |
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I know this is off topic, but it appears someone spammed the BCH mempool, recently. It appears some of the pools are electing to only mine 1MB blocks, others 2MB blocks and a couple the full 8 MB blocks.  https://cash.coin.dance/blockshttps://jochen-hoenicke.de/queue/cash/#24hWhat's the point of having big blocks when one of the mystery miners will only mine 1MB blocks? |
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But what about your 8MB blocks can't they cope and even with a full mempool BTC is still processing more transactions per block with a average of 2500tx/block on BTC and 800tx/block on BCH
Yes the BCH chain is being spammed with inefficient low value transactions but guess what most of the BTC chain is low value inefficient transactions
Well, to be fair, anyone sending a transaction on the BCH chain can probably get away with 5 sats per block an be included in the next block. However, the bottleneck on the BTC chain is at the 100-120 sat level. Only inconvenience is that everyone running a BCH full node has to store 8 MB of mostly trash transactions, every 10 minutes. Wonder what will happen when they hard fork BCH and get rid of the block size limit? Are the miners going to process the trash or just ignore the low fee tx? We will see... Edit: It appears that Antpool, BTC.Top and Mystery miners are limiting their blocksize to only 2MB. ViaBTC and Bitcoin.com are allowing up to the full 8MB. That really sucks that the Jihan Wu and friends only want to mine 2MB blocks.  Ohhh noes, ehrmagerd, it's 70MB!!!! Should we decrease the blocksize?!
It appears that Antpool, BTC.top and the Mystery miners have elected to decrease the blocksize.  |
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A 890 coin wall at 13800 on Finex. Someone trying to protect their big short? Or is it Spoofy?
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It’s a Jewish conspiracy to pay for roads, elementary school education, Planned Parenthood and cruise missiles.
Roads: Quite frankly, I think I would rather pay a toll than drive on the crappy interstates lately. I'm not sure about the rest of the country, but the highways here in Colorado are absolutely abysmal. Elementary Schools: This is best handled at the local level. The feds need to butt out of it. Planned Parenthood; Health care should be run by charitable organizations. Not the power hungry government nor the money grubbing for profit corporations. How the fuck do the think they can sustain making profits when the biggest consumers are either chronically ill or dying? Cruise missiles: I have absolutely no idea why the US spends such a gross amount of the US military. Clearly, the US government is very bad at picking contracts that seem to overcharge by an extreme amount. |
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