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2821  Economy / Speculation / Re: Global 5 bubbles will transfer 150bn to top 500 on: November 11, 2018, 12:36:23 PM
LN is centralized solution.
Try harder.

High fees as something positive is a ridiculous argument.
No one said it's positive, but who do you think will be paying to keep the network secure if block rewards are no longer sufficient?

No one mention the incredible energy waste of bitcoin mining.
Securing $1.5-$2 trillion worth of on-chain transactions every year is energy waste? Got it. You should stop reading articles from silly news outlets only out to brainwash noobs.

Solutions will emerge, but at the moment, nothing in the top 5 could be considered solid investment opportunities.
The trick is to invest while the market is sitting on its ass doing nothing. By the time the coins you are interested in finally have sorted out their scaling side, you'll no longer be able to buy at prices even remotely near current levels. Bitcoin and to a certain degree Ethereum are the only coins worth investing in, the rest (apart from a few privacy coins) is just crap looking to do the same as what these two are doing.
2822  Economy / Speculation / Re: ETF Will Kill Bitcoin For Good” Investors Express Skepticism on: November 11, 2018, 12:16:26 PM
Seriously though, ETF is just trading, who cares about derivatives, in the end supply and demand will sort all the things out.

It all comes down to the underlying asset of coin backed instruments, which is Bitcoin.

Things get tricky when institutions and other entities get their hands on tons and tons of Bitcoins. It grants them the incentive they need to 'protect' their investment, or to boost it further, by forcing pressure on the developers. Coin voting could potentially become a factor to pay attention to as well. It seems so far away from where we are right now, but you can't discard these aspects.

That being said, I am of believe that institutions are on board already, and they are hoarding as many coins as they can through the OTC market. Another thing is that they could easily end up taking over Coinbase eventually, and I don't think we're very far away from that; give it a year or two.
2823  Bitcoin / Press / Re: [2018-11-10] Hate Pays: Neo-Nazi Site Daily Stormer Has Raised Surprising Amount on: November 10, 2018, 11:10:12 PM
In fact i'm surprise that no-one has created some type of neo nazi coin on one of the scammy platforms like WAVES. Hopefully no one ever will!

An exchange isn't going to list a coin that might cause them to potentially lose thousands of users, which instantly trashes the incentives for these coins to exist. In other words, it makes way more sense to use an established coin for this sort of fund raising.

---

I can't even blame news outlets for covering this non news, it's just another article generating them revenue in a time where there is a dire need of news worthy content.

In the end, everyone has the freedom to raise money for whatever purpose, and I'm glad that people have that freedom. People need to grow a thicker skin. Most of the average joes are indoctrinated robots instantly classifying anything their government doesn't approve as criminal activity. This ain't no kindergarten. Get a life.
2824  Bitcoin / Press / Re: [2018-11-09]Bitcoin is not the Leading Cryptocurrency Anymore on: November 10, 2018, 10:18:57 PM
Hard statistics matter, which is that those who actually care about crypto and are trading these altcoins convert profits to....... Yes! Bitcoin! Those who don't give a damn about crypto convert to fiat. The only reason altcoins are "more" popular is that they offer people a shorter route towards their profits, and that's where altcoins shine.

Bitcoin doesn't need bells and whistles to catch attention, it does so with being Bitcoin, a medium of exchange that does one thing extremely well. Other altcoins try to do too many things at the same time, which obviously can't go right all the time. Another negative aspect is that building crap on top of a coin like Ethereum is doing is one easy way to clutter your blockchain and become more centralized as time goes by.
2825  Economy / Trading Discussion / Re: Botting v manual trading on: November 10, 2018, 09:46:11 PM
In a market dominated by algorithmic trading activity I feel like an 80 year old still doing everything the old way. I am not a programmer, which means that I have to blindly trust someone would I ask that person to verify if a bot is clean or filled with bugs and backdoors. It's a risk I'm not willing to expose myself to, and yes, that may be paranoid, but I highly value my Bitcoins.

Wait for the next bull run to kick in. Altcoins always accelerate far past Bitcoin in terms of cold hard percentage gains. As soon as the market starts to bubble up, take an altcoin with enough liquidity (I prefer Ether) to ride the market up.

I think cash will take the highest fall this time, it’s serioisly overvaluedmat this point anyway.
If you're referring to BCash, then you are spot on. I'm closely monitoring the situation and have a good time reading through their internal warfare. I'm kinda certain that I will short them just before the fork takes place. The only danger here is that Bitmain might pump BCash afterwards, all to attract more hashrate with an economical incentive.
2826  Economy / Service Discussion / Re: Shapeshift Membership on: November 10, 2018, 09:14:39 PM
Other more anonymous options that don't require as much verification will definitely thrive in this current crypto ecosystem; the optional KYC on Binance is a big contributor to why they've blown up in popularity and volume in the last few months.

They certainly will thrive, and already do to a larger extent, but it's all short term with how even Binance will eventually find itself in a position it can't escape from anymore. I'm not using Binance personally, but there will be a day where Bitmex (my current platform of choice) will also force its users to walk themselves through some sort of verification process.

The rest of the services retaining their zero verification advantage will contantly have to worry about the authorities raiding the crap out of them. You can try to keep hiding behind proxies as much as you want, but eventually the hammer will hit you so hard that it means game over. I personally don't care about these services specifically, but they always affect users which is the sad part, because the government won't give you anything back once they seized the assets of an illegal operation.
2827  Economy / Services / Re: [ICO] Full ICO package | ERC20 token creation | Token 18 USD only on: November 10, 2018, 08:53:29 PM
$18 might not be a lot for most people here, but if OP is from a third world country, that $18 is 100x better than working his booty off with physical labour.

Seriously, I have seen people do 5-10 minute tasks just to earn like $0.25 and when you look at that $18 which only requires some minor changes, and maybe 30-60 minutes out of your day including the website and animations, it's a pretty decent paycheck. Wink

It may not be to everyone's taste, but it's all about supply and demand in the end. I'm sure there are enough people that will bite eventually.
2828  Bitcoin / Legal / Re: Sec and EtherDelta on: November 09, 2018, 08:14:19 PM
And that's why people shouldn't be throwing around the phrase "decentralised" as they please. The fact that the exchange had a founder, who ran, managed, and operated it, should immediately have made the use of DEX terminology erroneous. The only good thing I suppose was that funds were never centralised but imagine what else he shared with prosecutors (the story claims his fines were actually reduced because he cooperated)? IP addresses? Emails (I don't know if ED uses it)?

Course they had a case. And made it well.

And yet people keep hyping up Binance's attempt to have a "truly" DEX operational in the near future, lol. I wouldn't even be surprised if Binance ends up using people's funds to artificially keep their market liquid. It's an attack factor people will easily take for granted if they are being paid out tokens or whatever for their contributions.

Once more a hint towards how we with LN don't need anything other than our clients to exchange funds from chain to chain without the need of a DEX. We will be our own DEX.

Bitcoin's LN adoption will surely motivate other coins to follow one way or another, and eventually you'll have a wide variety of coins that people can exchange. It will take time, but we have that, and plenty of it.
2829  Bitcoin / Bitcoin Discussion / Re: Isn't SEC Demonstrating it Hates Anything Decentralized? on: November 09, 2018, 07:56:22 PM
SEC is not only caring about profits. I think what it values most of all is stability. They are pretty successful for a long time, so they believe they know how to continue being so. Taking the risks with new things, even if they are potentially profitable, it's just not their kind of thing.

It's not really about stability, because they have approved instruments just as, or even more risky than Bitcoin. It all comes down to how easy or difficult it is to combat bad actors in the crypto space, which in current times is close to impossible with how everything seems to be happening on Asian exchanges from which most of them are unregulated.

I'm not necessarily of believe that the SEC is out to work against Bitcoin, they just don't see it be a viable instrument within their jurisdiction. If people really believe that the SEC is against anything that's decentralized, be happy that they keep rejecting and delaying ETF's. Smiley
2830  Economy / Speculation / Re: Global 5 bubbles will transfer 150bn to top 500 on: November 09, 2018, 02:05:10 PM
It's getting increasingly expensive to spam these networks. In a couple years, I think Lightning and sidechains will allow us to put all this FUD behind us.

Fudders are creative, they'll find other aspects to hammer on, like LN isn't Bitcoin, and that side chains aren't Bitcoin. Fud is an aspect of this market that we'll never get rid of. It was like that back in early 2013 when scaling wasn't even a major thing, and it's still like that today.

The main point is that people have proven to pay what they need to pay in fees in order to keep using their favorite network. The low tier users not adding anything might flow into other coins because they offer lower fees, but that's an advantage on its own since it allows both Bitcoin and Ethereum to have more quality use rather than people constantly moving dust back and forth.
2831  Economy / Speculation / Re: CSW apparently will dump 1M Bitcoin to crash the Market on: November 09, 2018, 01:27:33 PM
Crack Steven Wrong.

Every well thinking being knows that claiming to be satoshi like this con artist is doing will result in problems with the tax authority; if even one satoshi moves (doesn't matter who it is that's moving the coins), they'll knock on CSW's door a couple of hours later to claim tax over 1M coins. Try to explain it was a prank. They'll whoop your ass real hard.

Don't forget that 1M BTC also means 1M BCH, BTG, etc. Good luck faketoshi. I hope for him that these coins won't ever move.  Cheesy
2832  Economy / Service Discussion / Re: Blockstream's new blockexplorer on: November 09, 2018, 12:58:06 PM
It's quite funny how the big block camped explorers (which blockchair is one of) are way faster with upgrading their systems to allow people to fetch bench32 data than anyone else. I remember that BTC dot com (Bitmain owned) was one of the very first to support bench32, while most of the other explorers still have to upgrade.

I switched from blockchain (or should we call it bugchain) -> BTC dot com (which quite often is very slow) -> blockchair.
2833  Economy / Economics / Re: Intel CPUs fall to new hyperthreading exploit that pilfers crypto keys on: November 08, 2018, 09:17:01 PM
For crypto users it a bit alarming because they are most likely to use their private keys online and turning to offline wallets is a most secure way to keep it safe.

Most crypto users are on the wrong side of the fence already.

Seriously, what average person is going to verify if a client they installed generates truly random keys? More importantly, what average person has the knowledge to do so?

I'm certain that even most of the longer term members here don't properly take care of storage and key generation. They just assume everything is done in a secure manner because they haven't faced any problems yet, which is quite dangerous actually.

I always have a non secured/encrypted bait wallet file containing a decent chunk of Bitcoin on my computer, all to see if there is some shady shit going on with my computer.
2834  Economy / Economics / Re: Decentralized marketplaces will put Amazon out of business on: November 08, 2018, 08:59:33 PM
I believe OpenBazar or Particl annon market will have a big impact on how we (we) do business online.

It would if the demand was there.

OB lacks in more fields than just one with how there is nothing behind it with a profit model to fund further development and more importantly, marketing. I think the development side is pretty solid even though it's somewhat slow, but the marketing side is where they can book most of the gains, which is the only thing that actually matters here.

The more use OB generates, the more motivation there is behind the scenes to work on it, and it may even lead to large crypto businesses to fund marketing out of goodwill.

On top of that, I think OB needs a web based interface to actually become more mainstream, because average joes aren't going to bother installing software to get things up and running.
2835  Bitcoin / Press / Re: [2018-11-08] What Caused the Sudden Drop in SegWit Blocks on Bitcoin? on: November 08, 2018, 04:50:58 PM
It's likely the increase in on-chain transactions that lead to Segwit being pushed back to ~40%. Most of the people who took a break from this market earlier this year very likely still use non Segwit clients, or clients that require a manual adjustment they aren't aware of.

If you look at Litecoin's on-chain transaction activity, it's still more or less the same, which reflects in its Segwit usage that has booked a slight increase. Considering that Segwit for Litecoin was activated well before Bitcoin, it directly explains the steady growth, which Bitcoin still has to work on.

Blockchain.com and BitPay still haven't done anything yet with Segwit, and I'm honestly not sure if they ever will. Roger is a parasite as main shareholder, and he deliberately blocks their upgrade plans.
2836  Bitcoin / Press / Re: [2018-11-07] It's Hard to Short Crypto – And That's Propping Up Prices on: November 08, 2018, 04:33:43 PM
What's the evidence that the top 20 coins are easy to manipulate? It's mostly just people saying that.
Altcoins severely lack liquidity, both on the buy and sell side, and this gets worse the further down you go on the list. The lack of liquidity is what makes altcoins an easy target for manipulation by either Bitcoin whales or institutions milking their financial advantage in the market.

You surely have noticed how altcoins generally pump and dump harder than Bitcoin, and that on way lower volumes. Altcoins are almost leveraged instruments on their own, which is why people tend to park their funds in altcoins rather than Bitcoin during bull runs, and convert back to Bitcoin during corrections.

If you make sure there is an incentive for deep pockets to manipulate altcoin markets, which there is if you can either long or short their prices, the manipulation kicks in naturally, especially in case there is next to no liquidity preventing you from toying with certain altcoin markets.

2837  Bitcoin / Press / Re: [2018-11-07] It's Hard to Short Crypto – And That's Propping Up Prices on: November 08, 2018, 01:50:29 PM
Considering that the market here isn't following logic, but speculative incentives only, most shorters will be rekt in the long run if they believe coins without utility will become worthless one day. The nature of this market is that when Bitcoin goes up, nearly all coins will follow.

Even plenty of Bitcoiners (me included) were virtually rekt by believing that straight shitcoins would vanish or become worthless. It's not going to happen. In other words, be happy that there isn't a way to short coins outside the top 10, because it would have made plenty of people lose tons of money.

Also, there is no point for exchanges to allow users to long or short coins outside the top 20 with how easy it is to manipulate their markets, even if you fetch prices from multiple exchanges.
2838  Bitcoin / Press / Re: [2018-11-07] Analysis:US seized nearly 200000 bitcoins to date, 453,000 globally on: November 08, 2018, 12:43:34 PM
Quote
On average, the government sold each seized bitcoin for $780

They should have had more trust in Bitcoin's potential, I'd guess. Smiley

I'm waiting for the day where governments no longer sell their seized Bitcoins, but keep them to strengthen their reserves. Eventually we'll be there, especially with how Bitcoin keeps gaining legitimacy in the legacy system. They might not be able to keep up with every development in this industry, but they aren't stupid either, they know that something is brewing here.

---

Considering that Bitmex manages to deliver top notch research on various subjects within this industry, it would be cool to have them dig into where these Bulgarian coins are, and there if there is even a possibility for them to exist in the first place. Even if they ran their coins through a mixer, there are always trails to pick up on, especially when it concerns that many coins. It's impossible to hide completely.
2839  Economy / Exchanges / Re: Bitstamp :( warnings and rejoinders. on: November 08, 2018, 12:15:27 PM
When was that? I've never heard of delays like this at Coinbase.
It happened in 2017 before the bull run took off, and I can even remember similar delays going back to 2016.

Whales are the first to exit an exchange when they start to feel that things might turn ugly, which immediately results in the cold wallets of that exchange to shrink, and that's exactly what happened to Bitfinex.

https://bitinfocharts.com/bitcoin/address/3Nxwenay9Z8Lc9JBiywExpnEFiLp6Afp8v

As long as Bitstamp's cold wallet holdings hover between 90-100k BTC there isn't much to worry about.
Thanks for bringing that up. I never took the cold wallet metric seriously till I started to notice how correlated the complaints around Bitfinex and the outflow of capital was during their recent banking problems.

I'll keep using Bitstamp as fiat entry point because it's the most convenient option for me, and I'm already verified there. Another thing is that the last time I withdrew fiat was back in 2015 so whatever is going on in the background, it's not and won't be affecting me personally.
2840  Bitcoin / Press / Re: [06/11/2018] Bull Call: Novogratz Says Bitcoin Will See Record Highs in 2019 on: November 07, 2018, 05:00:30 PM
But does the same actually apply to Arthur Hayes though? I might be wrong but we mustn't forget that Hayes is running one of the biggest crypto exchanges in the world right now. Therefore he could potentially be pushing his agenda and specifically for Bitmex that would be attracting high volume. Because if bitcoin goes up, he makes money, if the price goes down, he still makes money. For him it's more a matter of maintaining a high level of liquidity. Hayes is a very intelligent man, he's proved that over the past year so I feel like he knows what he's trying to do, in contrast to many others. That's also one of the reasons why I like to take his predictions with a serious grain of salt. 5 months ago (https://www.youtube.com/watch?v=2BRsq9hlBOQ) he was convinced that bitcoin would hit 50,000 USD by the end of the year and all of a sudden his prediction has gone down to 2,000 USD.

Bitmex might be the biggest exchange in terms of volumes, but know that it's all leveraged. Arthur once said that the average leverage used was 8x but that may very be closer to 10-20x during the bear market. People need to boost their leverage multiplier in order to have their trades be worthwhile due to the lack of volatility.

Bitmex isn't a spot exchange either, so they aren't dealing with fiat. Unless he has contact with exchanges as Bitstamp, Coinbase, Kraken to know how much fiat is going in an out, he might be able to provide forecasts with more sense to them, but I'm not sure if he's on that level.

I'm not saying Arthur isn't smart, he just isn't in a position to provide valuable input on the direction of a market being driven by spot exchanges. Some of what he said in the past doesn't even make much sense, but yes, he might be out to just stirr the market up for the sake of bringing back the volumes and volatility his platform depends on.
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