FUD? Who knows. Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL. Thus all hydro power plants are to cut off electricity supplies or face penalty. The second image is the supposedly "official document". As I discussed before, those miners ship their Antminers to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power. Miners ship their Antminers back to coal producing region like Inner Mongolia during winter as the Tibetan plateau freezes up and electricity cost doubles. Just to note that it is almost winter now. Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly. So that individual miners actually have a chance to mine if profitability allows. http://8btc.com/data/attachment/forum/201711/14/183317v6w7rmbi1916l95v.pnghttps://pbs.twimg.com/media/DOlnUdhXcAA_Vtk.jpgKarma much? Hopefully it is true and not fake news. It's true, Chinese mining crackdown incoming. Jihan Wu didn't show up for the mining panel today at ETCsummit, he was 'sick'  |
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That was a nice buying dip.
$30B+ moved into Bcash this weekend, free fortunes on the table just like that!
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Woa Roger and Jihan are going all-in Bcash.. with that centralised manipulated zombie coin. Who's buying those coins, blocks are almost empty  |
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Bearish af  There is absolute no reason to be bearish, you sould be bullish like a mf. Especially after the 2x cancel Bitcoin will be unstoppable. Last month the price went down with $2000 from sub $3000 breaking new ATH's to $7800+. This is another cycle, buying the dips is easy money, buy now! |
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FUD  |
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tonnes of scope for Ver to scam people for the wrong bitcoin
There isn't a right bitcoin because nobody ever solved the problems of decentralization or scaling. Not to mention decentralization is a problem that's not possible to solve in craptocurrency, rendering the entire exercise pointless and inferior to gold and silver as money which already existed beforehand. The only way bitcoin could theoretically derive some type of value is from transaction flow and not stock, since it's mostly an imaginary idea/thing in the first place. You can't store value in an imaginary asset. It's value could only come from whatever possible utility it provides. It doesn't have value just from existing (stock)...because it doesn't really even exist. Gold and silver have actual scarcity. Bitcoin is based on artificial scarcity. This makes it similar to fiat from an economics point of view, in that any value over zero is technically a bubble, it's only a question of how long the bubble lasts. But the market will eventually take the value back down to zero again. It could come quick and painful like Venezeulan fiat, or longer and drawn out like USD fiat. So, without trying to take sides on any dumb tertiary issues that I dont' care about between people like Roger Ver, Maxwell, and the Gavinator, the fact is that bitcoin is not decentralized and never will be decentralized, so whether your blocks are big or small doesn't really matter all too much. From the economics point of view, the bitcoin value should be HIGHLY correlated to scaling (flow) and zero to do with stock because it's a fucking imaginary asset. So if your goal is just to try and increase the value of your pump and dump (let's face it, that's all bitcoin is because without solving the problem of decentralization, it has zero fundamentals and it's not possible to solve), then you would want to raise scaling at all costs in an attempt to inflate the pump and dump before it inevitably impoldes and people park their money in non-imaginary assets instead. I remember a time when Roach was posting meme's about his trading profits. I saw a happy Roach in that time. Roach is not so happy these days, he loves shitting on Bitcoin...i know why! Roach sold at the bottom  |
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Segwit 2x guys just threw in the towel - bullish as fuck? https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html...
Our goal has always been a smooth upgrade for Bitcoin. Although we
strongly believe in the need for a larger blocksize, there is something we
believe is even more important: keeping the community together.
Unfortunately, it is clear that we have not built sufficient consensus for
a clean blocksize upgrade at this time. Continuing on the current path
could divide the community and be a setback to Bitcoin’s growth. This was
never the goal of Segwit2x.
... Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees Chinese mining cartel overlord Jihan Wu agrees to CANCEL the agreement. 2x is over and out. The users won! Just wait to sink this in for a few days into the market.....i'm getting extremely bullish! |
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This was an unexpected BOOM |
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ETH is a minefield with bad script language.
Vitalik is trying to reinvent the wheel of crypto, i respect his work but that's not going to happen.
He should have build his smart contract platform on Bitcoins Blockchain.
Rootstock and Simplicity took that opportunity.
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Comment a bit below  07/Nov/2017 @VitalikButerin on brink of second bailout for dumb contracts
LOL? I'm not suprised to see this happening. ETH looks great on paper but is a huge mess. Rootstock and simplicity offers a much more solid smart contracts solution. Rootstock comes to Bitcoin after the 2x shitshow is over. |
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Yeah, I get it. Whether the stated preference is honored in the end is an unknown. I'm just pointing out that it takes a special type of myopia to be unable to see the most prevalent and the only non Sybil-able indication of preference.
This works both ways btw. If some player change its mind and finally mine 2X despite what it announced, 1X could be in trouble. Core's last node update to Satoshi:0.15.0.1 will reject all 2x mined blocks. Worst thing will happen is slow blocks and higher fees temporary. While the non-tech users having a chance losing there money because of missing out of replay protection. Also, dont listen to Jbreher, he just a bigblocker who loves centralization while copy pasting all kind of stuff. |
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And how about we add the non-existent 2x dev team? One lone wolf idiot programmer that has already abandoned the project is neither a 'dev' or a 'dev team'. How anyone with a brain would see this as the future version of Bitcoin is beyond logic or reason.
Jeff had some spare time left to spin more 'zombie' nodes out of thin air. This whole 2x is one major dogshit omfg man...  The most disgusting is this one from BitPay...i'll never forget.. (BitPay still haven't activated Segwit but it is a fronliner to push this bullshit through users throat)  |
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Somebody knows how the hell S2X (futures) managed to get to 2k+? Most likely from those NYA CEO's. There is no real 2x community to be found  |
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Core's 0.15.0.1 rejects all mined 2mb blocks.
Very low community support, low consensus.
No dev, Jeff is focusing on his own altcoin project.
Zombie nodes.
Miners rather mine a $7000 coin than that worthless 2x. (Jihan cannot afford cheap coins, Bitmain will go bankrupt if Jihan cannot pay his company's expenses)
Bitcoin will loose temporary hashrate but will go up hard after this 2x shitshow is over.
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Relax guys 2x will fail hard, you all can sleep tight tonight.
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Bitcoin went from sub $3000 rebounded to almost $7000 I'm stunned and impressed Bitcoin is so powerfull. Classic weekend dump inc? |
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I follow the upcoming Bcash hard fork but it's turning into a major shitshow...suprise suprise So one of the Bcash devs are using his algorithm instead of going with consensus while they realease spec without coding and all done behind close-doors I'm not a coder but i'm sure you need to code first, spec and comments after... All of this within a 2 week time line lol. |
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So I am planning on putting 500 euros on Eth and Btc each(€1000 in total) to hold for long term. Is it a bad time to invest in those crypto-currencies?
ETH looks great on paper but it's a mess. Instead of smart contracts i only see ICO's scams. Rootstock and Simplicity offers a more solid solution. You should move those 1000 Euro into Bitcoin only if you go long term. If ETH was really that good i'm sure most people here already have a big bag. |
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I dont mind reading Zerohedge but those comments are at the 2e place of the most retarted people i know, damm those delusional gold dinosaurs At n1 is reddit/btc thats the biggest shithole when it comes with Bitcoin related info...omfg. |
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