OP is very explicit about what he meant.


All great. But is there any real demand for it? Any real business expressed their interest in implementing LN? All I see is "bitcoiners" pitching this idea (to newbies) of LN taking it to the moon, as if there were billions of $ waiting on the sidelines. ready to jump in as soon as LN is 'available'. Many could wake up to the brutal realisation that LN might simply never take off. And in my estimation that scenario is more likely to happen (unless the idea is for it to be "coming soon" forever).

Even taking all the technical hurdles (and flawed economy model) aside, you still have to ask yourself a question is there any real incentive for anyone to use it. The tough part is, you cannot grow it slowly, it's supposed to be a network, you need a critical mass for it to make sense.

The devs and community must accept the possibility of LN (or any other concept) failing in practice, cultist-like approach won't get you far.

1 - if that was true, cryptos would be in the constant uptrend, but somehow that's not the case. People tend to choose safer means of storing their wealth.
2 - not every crypto is inflation-free, having small inflation has a lot of benefits.
3 - Bitcoin has deflationary design in the long run, but as of now, new coins are created every ~10 mins + BTC value has been dropping constantly for the last few months, so keeping your wealth in reasonably inflated fiat was much better choice.

How so? Can you, or anyone else, explain how LN will make the price skyrocket? How will you use bitcoins once LN is ready and what prevents you from doing that right now.

Does LN bring any ground-braking use-cases that will create enormous demand?

If there's nothing more than just cheap and fast transactions, then the future looks bleak for LN.

Is this it? It was published a little over 1 month ago, but the prediction of $15,372 is nowhere to be found...

https://blog.huobi.com/global-blockchain-industry-overview-and-prospects-2018-h1/

Full version in PDF (68 pages): https://blog.huobi.pro/hc/en-us/article_attachments/360000078481/2018_1H_Global_Blockchain_Industry_Developments_Report.pdf

Probably the best way to get the data from would be Poloniex' (and BitFinex) lending market (definitely more volume than lending section). But I doubt such data would be reliable for any global bitcoin economy interest rates analysis, as there's too many factors to consider before reaching any conclusions. At very least, you'd have to exclude effects of major "snapshot block" style airdrops and forks (ie. rates on Polo went from something like 0.01% to even >4% a day, iirc, just before BCH fork).

This is not a ban on cryptocurrency, just a restriction on banking services available to crypto-related businesses. It's not like Bitcoin is illegal in India.
Some Indian exchanges are already trying to bypass the ruling by offering P2P trading solutions + there's still Indian LocalBitcoins available.

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Meanwhile:

Indian Police Seek to Sell Crypto and Bypass RBI Ban
India's Ruling Party Accused of Involvement in 'Mega Bitcoin Scam'

It probably is. I can't really imagine anyone actively using 10 wallets. But the point is to let the odd individuals who use multiple wallets (say 4 or 5) to tick them all without having to choose only 3. In other words, I'd suggest not having any limit at all, but I understand you have to set some number (in poll settings).

High fees definitely didn't help with adoption and did drive some merchants away, but fees have been pretty low for the last couple of months.

The real reason was likely that only tiny % of bookings was made with bitcoins + their payment processor - Coinbase reportedly decided to discontinue custodial services for merchants.

Why not setting max votes per user a bit higher, say '10'? So anyone can list all the wallets they actively use.

Plus, you should always provide 'other' option, for any wallet that is not listed in poll.

Nope, you're asking for a loan, not for charitable donations.



Checked market value of this 'collateral', it's less than $30.

Because of settlement date maybe?

The numbers in the contract: "BTC180629" are not random, it's a date, a settlement date.

Could be. Allowing non-token investments means dilution of profits (if the site's activity remains unchanged) and negative effect on both, buy-back price and market price of tokens (why would you buy token if you could invest directly etc).

But I understand there's more to the story and as long as Dean consults his actions with investors and acts in consensus with them, I see no problem here.

I wouldn't be very surprised if allowing investments actually increased site's profitability (often bankroll investors like to gamble too).

Nope. It depends on the model. BitMex (most popular BTC margin trading platform) don't have lending platform. They just match long and short calls.
Even in Polo/Bitfinex model, they could do without lending platform, simply by using their own funds, but they chose the model when one group of users (lenders) provide funds to other group (traders).


You have to have your own funds (deposit) to be able to margin trade. Liquidation will happen when your position generates a loss equal to your deposit. Simplified example:
You place 1 btc (your own funds) order with x10 margin, total 10 btc, your position approaches 10% loss (so 1 btc) - you get liquidated and you lose that 1 btc (not 10 btc). Lender's funds (9 btc) are not affected.


Depends on a platform (i.e. Nexybit have Futures with settlement dates). Poloniex doesn't have 'expiry' date. You can keep your position open for as long as you want, until it gets eaten by the fees. Lenders put time restriction on their loans though (they can set anything from 2 - 90 days iirc).
Example: You place a margin order and you get funded by my 2-day loan, after 2 days funds are returned to me (with earned interest) and you automatically borrow from someone else.
 

Both are used as synonyms and are interconnected.


Most platforms have guides with explanation of how it works. Just google the one you're interested in.

Yes, it's possible for Bitcoin to have negative (or positive) effect on country's economy, i.e. citizens of small country get hyped into buying BTC effectively transfer wealth to sellers from other countries. Or they could do it the other way around (sell with profit) with positive impact on economy.

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Teach people to follow recommended security practices when handling cryptocurrency + educate them on the technical basics + create pressure on 3rd party services to implement most secure solutions (i.e. multisig wallets).

If you want hackers to disappear, you need to take the opportunities away from them, meaning legit users need to do their homework.

@JimboToronto - I'd like to buy your call. Can pay BTC0.008, so ~$50 (real dollars) as of now. Whadyasay?

Offer valid for 48 hours.

It was sent to your address. Apparently there's some problem with deposits, I also haven't receive mine, same with passwordnow, see post above.

Hope to see it sorted out soon.

Same here.

Token Trading and Futures balances are separated, so even if you have funds on Futures, your Token Trading available balance could be zero. Make sure you change to the right tab on your account page (top left).

If that's not it, just try refreshing. I had some minor glitch before but refreshing helped.

Just update your signature. See:

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@ nexy_jin - signatures seem too tall, bottom lines are not visible.