A mining pool doesn't own its hashrate, miners can go mine elswhere on a whim. XT is dead tho... Why? it has like 2% hashing power voting for it while BIP100 or 8MB options are both at like 20% https://www.blocktrail.com/BTC/poolsMiners will follow the nodes. If XT has 80% nodes in January miners will just follow what was decided by them. No. It might add some pressure, but there is no technical reason for them to do so. |
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I can confirm XT is dead. RIP Gavin & Mike.
source? cuz i'll only believe it when i see gavin & hearn's head on a pike.   |
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The indicator is lagging, it shows % of last 1000 blocks, i.e. for the last week. In a week or two we'll see the level of support among miners. I hope it'll be low, because I wouldn't like to entrust my bitcoins to people that cheat so openly (I mean the fake nodes).
As opposed to the valiant knights who DDOSd xtnodes.com? I think we all should know by now that the bitcoin community is full of ... colourful characters. |
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A mining pool doesn't own its hashrate, miners can go mine elswhere on a whim. XT is dead tho... But it looks like larger block sizes might yet fall out of the dead rotting carcass of this debate. |
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Not really.People, including yours truly, still have problems withdrawing from Bitfinex.For some dubious reason my account's USD balance on exchange is -18$(negative) even though my BTC balance on exchange is in the thousands of USD. Any withdrawal attempt is automatically canceled for this reason: "Negative balance on wallet exchange". Please don't full GOX on us bitfinex, pleeeeease. Seriously,you leave "thousands of USD" in BTC on an exchange  You mention Gox,sooo you have learned nothing from that Wow  NEVER leave BTC on an exchange...unless of course you don't care if you lose it all  But people predominantly use Bitcoin for trading which necessitates leaving funds on an exchange,and preferably one with the highest liquidity. Bitfinex had the highest USD/BTC liquidity before their system went haywire so if you wanted to trade there you had to gamble it wouldn't Gox you. If nobody left funds on exchanges there would be no trading and Bitcoin would have almost no value. Until we get decentralized exchanges we're stuck with he present state of affairs. Leaving fiat on exchanges is one thing. Leaving bitcoins is another. Fiat transfers cost money and take days. Bitcoin transfers cost almost nothing and take minutes. No one can Gox what's safely in a paper wallet. Market moves can happen very quickly and it can take an hour to send coins to an exchange and wait for six confirmations. By the time your coins show up in your exchange account a market move can be over. If your coins are in your exchange account you can take advantage of a market move quickly but run the risk of the exchange going haywire. Besides, there's a huge difference between Gox's problems and the minor hiccups we've seen from Bitfinex and Bitstamp. I always hate it when people come, after the fact, to the forum to tell people how dumb they were to not see some market movement in advance. But with Gox people should have smelled the fuse. And a lot of people did. Gox had problems with fiat withdrawals for more than six months before it went bust. That's why they traded 10-20% above the rest of the market. Even when they halted BTC withdrawals some 'happy go lucky' traders were willing to buy goxcoins in exchange for real BTC. Every bank, trading platform and other financial institution on the planet have glitches and weaknesses they have to iron out as they go. But at least these others can time their maintenance to weekends, closing hours or holidays. BTC exchanges are expected to work non-stop all day all week all year. That's not really realistic. Downtime is to be expected. That's not to say that they can't go belly up. Just that some of these technical difficulties could be, well, technical difficulties. |
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The broader issue is still that society isn't waking up to the need for crypto. Sure there are problems with BTC but if people actually cared about using it then an altcoin would have shot to the moon by now to take its place, even if temporarily. If the power is held by exchanges, then miners then merchants and consumers are down the bottom, then we're probably at the complete opposite of where we need to be.
There are no consumers. Just speculators.
Are we so sure it is the society who needs a crypto? The strong belivers in crypto are mainly conspiracy theorists who want to get away from the evil goverment and geeks who loves the blockchain tech. There are also a few anarchist who see the potencial for breaking down beforementioned society with the implemention of bitcoin since it will break nations if it get used by everyone. So what benefit has the society of bitcoin? Huge cost savings in finance |
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Wow, just imagine if only a few thousand of Finex coins could get withdrawn and hit Bitstamps or Krakens empty orderbook during the next bear raid!
We all know that the network will get spammed by coinwallet.eu with a resulting 30d delay in transactions in 6 days, so any sane person would put it on a exchange now instead of putting it into coldwallet, maybe inca and LFC will but who else?
WOW
WOW
WOW
Stamp shows at least ~ 1,7m (~9000BTC) in bids before we go to double digits!
BULLISH!
No XT fud? XT is just a lame excuse used by bullscammers for the current drop . The real reason is, as always, scammin exchanges and most important no one buyin or puttin additional money into a technology no one is usin beside a few criminals. Price has only been held up by fake buy orders on Finex with BTC used as collateral. Now that they are dying, we will discover the "real" price. Call me when Bistamp has more than 5-10m, in itīs orderbook, then i might buy again.... I don't have your phone number. Can I PM instead? |
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So if people wanīt at least try to withdraw their coins i guess they would have to close their positions first. 100k+ BTC long vs. 20k BTC short Do the math  100k-20k=80k 80k/Yx3,14=$32000 coins!!! CCMF!!! What if Bitfinex doesn't have enough coins to pay everyone if they all withdraw at the same time? They might go offline and keep saying they will reopen sometime in the future like Gox did. I don't think Bitfinex has ever done a proof of reserves, or has it? What if they simply had some technical stuff they needed to fix? An audit (sort of): https://bitcointalk.org/index.php?topic=560457.0 |
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Wow, just imagine if only a few thousand of Finex coins could get withdrawn and hit Bitstamps or Krakens empty orderbook during the next bear raid!
We all know that the network will get spammed by coinwallet.eu with a resulting 30d delay in transactions in 6 days, so any sane person would put it on a exchange now instead of putting it into coldwallet, maybe inca and LFC will but who else?
WOW
WOW
WOW
Stamp shows at least ~ 1,7m (~9000BTC) in bids before we go to double digits!
BULLISH!
No XT fud? |
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So if people wanīt at least try to withdraw their coins i guess they would have to close their positions first. 100k+ BTC long vs. 20k BTC short Do the math 100k-20k=80k 80k/Yx3,14=$32000 coins!!! CCMF!!! |
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-snip-
We will reach there, don't worry Hang in tight old buddy. The price sucks but they couldn't keep us below 200 or even in the low 200's for long. I bought another 2 bitcoins the other day. I'm planning to buy another 3 or 4 on Friday on payday when I have more fiat available. I kind of hope the price stays down until then. Guess what bro, these few days I was thinking heavily about you and about that party, even if it will settle on YOU ONLY, we will enjoy one week in hell, and it's first and last rule is "No rules", everything is possible for being the last standing people and having nerves of steel. As I said, I will invite a lot of people and it will be organized because it's once-in-a-life-time party, but even if it will settle on ONE PERSON, I will do it, probably it will be YOU The price sucks but like we've said many, many, many times......we are in no rush. I'd worry if we went to the low 100's but the crash is correcting itself now, they couldn't keep us down for long. If we do go to the moon I will be there buddy, cocaine & hookers all the way. I'm getting some 'narcotics' at the end of the week. I've had a shit week & need to let off some steam. Got threatened with a copyright lawsuit today (in my every day occupation / business). |
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>225 <25mins
omfg i was right this is a first. Oh shit. What the hell is going to happen now?!? He is now the Oracle. So he'll keep talking nonsense, but he'll bake pie? Ohh, what's really going to bake your noodle later on is, would btc still have broken it if he hadn't said anything? LOL! |
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>225 <25mins
omfg i was right this is a first. Oh shit. What the hell is going to happen now?!? He is now the Oracle. So he'll keep talking nonsense, but he'll bake pie? |
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Hi Lambie!
I see you've been here a lot lately.
Hodling, waiting to buy in, or leveraged?
Nah, one of my guilty pleasures: observing you Bitcoiners in your natural habitat, doing what you do best--act unpleasant & lose money  pussy |
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Hi Lambie!
I see you've been here a lot lately.
Hodling, waiting to buy in, or leveraged?
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get your BTC out of bitfinex b4 it implodes! I expect full implosion in 3 hours so regretfully there is no time to save your fiat... you can however buy BTC with your fiat and get out that way. everyone remained calm and evacuate your riches from bitfinex.
Their customers can only buy Bitcoin to get out before the predicted implosion if trading gets unfrozen in the next three hours. What if Bitfinex refuses to unfreeze trading before then? According to their last tweet they are manually updating positions and balances with the trades. That must be a time consuming process. holy fuck! GTFO GTFO GTFO Red Alert GTFO I heard their servers were confiscated and that they're operating on punch cards. Time to bail!!  |
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ok, stock market returning to normal and BTC following back along with it. Back up to 222 USD on Stamp now. This baby isn't ready to die just yet  . Who managed to get some coins around 200-210 USD then? I got 2 the other day, was hoping the price would stay low until I get paid but it looks like the price is going up now. Always keep your last fiat dry to join the pump to 5k In the meantime BTFD. I think I'll bail at 3K. I'm not made for all this excitement. |
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