I cannot think of a practical reason why Segwit needs to be activated in LTC if the coin itself does not attract enough users to make it necessary. What if it becomes activated but nobody uses it? What good is it if it is not really that necessary?
It will be cited as proof that Segwit is not necessary for bitcoin. |
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I expect Virtualcoin won't be in the top ten for long - given the low volume, a small dump should tank the price and hence the market cap.
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Bitcoin is quite going strong now, I see it is continuing at its Bull stance, I just hope this run is not another Bull trap like what happened the previous week. After hitting the ATH, resisted the ETF rejection, but crumbles down due to the joint announcement of several exchange due to the speculation/rumored fork, I hope this time it is really become stable at $1200+. There is no doubt as long as no bad press coming $1300 is just a week away.
You've jinxed it now! Some bad news is bound to pop out of the woodwork like clockwork, in order to allow an excuse for some profit-taking. |
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https://bravenewcoin.com/news/wells-fargo-sued-for-suspending-bitfinex-wire-transfers/The parent company of the Hong Kong-based bitcoin exchange, Bitfinex, recently filed a lawsuit against Wells Fargo & Company and Wells Fargo Bank. “This is an action for intentional interference with contractual relations and injunction relief arising from Wells Fargo's interference with plaintiffs' customer contracts,” states the court document.
Filed with the United States District Court of Northern District of California, San Francisco Division, the lawsuit lists four plaintiffs: iFinex Inc, BFXNA Inc, BFXWW Inc, and Tether Limited. A jury trial is demanded.
“Wells Fargo has suspended U.S. dollar wire transfer operations needed to remit to plaintiffs' customers U.S. dollars that the customers deposited with plaintiffs to purchase digital currency, causing imminent and irreparable harm to plaintiffs.”
- Bitfinex Vs Wells Fargo Complaint There is a thread on this on reddit, in which Mark Kapeles aka MagicalTux (of mtgox fame) popped up to say that suing intermediate banks was a waste of time. He had some other interesting things to say too. Here is the thread: https://www.reddit.com/r/Bitcoin/comments/647ojo/wells_fargo_sued_for_suspending_bitfinex_wire/
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If you are trading alts, look for a coin that is liquid. Check that the daily volume is bigger than the buy and sell orders stacked up, otherwise you could be waiting weeks for your ordes to execute.
The top ten coins tend to have plenty of activity, and you don't need pumps to make a profit, just daily volatility.
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If the market genuinely wants segwit, we should see a migration to litecoin when segwit becomes activated there.
I predict no migration at all, because users arn't really crying out for it.
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http://www.coindesk.com/hidden-history-bitcoin-unlimited/In the midst of the scaling debate, it can be difficult to uncover the genealogical roots of the various competing projects.
The internet operates at a clip that renders analysis of how an open-source project emerged closer to detective work than it should be. Add into the mix rumors, innuendo and disinformation and one really has their work cut out for them.
...They are invariably people already involved with bitcoin for many years, and BU arose primarily from a single thread on Bitcoin Talk known as "Gold Collapsing Bitcoin Up". Like numerous such threads, debates were often heated, quite personalized, and partisan.
There are certain key figures at the time who seemed to have had a real impact on giving this new community a degree of confidence to expand beyond Core.
Dr Peter Rizun was clearly a significant voice and looks to have provided much of the intellectual weight behind BU's theoretical commitments, such as how transaction fees would occur within a network without a block size limit.
The BU operation played out on that thread through the summer of 2015, gathering pace as the bitcoin blockchain began to feature ever higher fees.
According to Rizun, the four-week transactional average recorded on June 2015 had grown 376 times greater than was seen in September 2010. Bitcoin Magazine reported tens of thousands of unconfirmed transactions as the block size strained to accommodate network usage.
A little later, a post by Rizun in July 2015 noticed the average block size had bloated to 70% capacity and was continuing to surge. Discussion on Bitcoin Talk escalated, but the thread was soon locked in what the BU community read as a form of censorship.
Unlimited supporters turned to r/btc that, of course, Core supporters have tended to consider heavily censored, resulting in a kind of intellectual split that, whatever the technical details, is riven with what can appear to the outsider as quasi-conspiratorial paranoia.
The takeaway is that, once untethered from the perceived pro-Core climate of Theymos-dominated media, Bitcoin Unlimited set out on its own path, allowing for a period of off-grid development that would quietly emerge just as Core supporters assumed Segregated Witness (SegWit) would be implemented.
This essentially meant that when a form of competition did emerge, Bitcoin Core was blindsided and broadly unprepared.
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He hasn't given a timescale though, and they've been talking about litecoin on Coinbase for what seems like forever. |
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But in this case truly im wondering how things could go on bitcoins economy after the mass acceptance of japan citizens. Maybe it has a great effect truly but i cannot see some good odds upon predicting an higher price of it.
Is there really going to be mass adoption of bitcoin by japanese citizens? What we have seen over and over is that even if you make bitcoin available for people to use, they just don't bother. See Overstock enabling bitcoin and thinking this would help them gain ground over amazon. What happened is that a few enthusiasts used the function, and then forgot about it and went back to using dollars. I predict the Japanese will stubbornly continue to use yen and ignore the bitcoin facilities. The only time people switch to bitcoin is when there are capital controls (eg under Argentina's old govt - when they abolished capital controls, people went back to using the normal currency). |
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I'd say Eth and Doge because both those have mainstream profiles and the key to success is ordinary people knowing your coin exists.
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This discovery will not eliminate the motivation of many people who did not exploit this "secret"  [....] but that does not mean that they will change their choice. Think of it like a big game of strategy. If you learn something new about your opponent's motivations, strategy, or assets, then you may have to change something about your own strategy. Miners who do not have ASICBOOST woke up this morning with a brand new motivation to change the status quo, which puts them at a 20-30% disadvantage that yesterday they did not know existed. They will want segwit to pass so that Jihan loses his competitive advantage. But how will they achieve that unless they add significant more mining capacity? |
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Summary of the situation: Bitmain has been producing and mining with ASICs using an exploit that gives them a dramatic advantage over competing miners.
Welcome to capitalism. Why is this a big deal? This. This. This. It's a free world and miners are free to do whatever they can to give themselves an advantage. It is a competition. |
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I dont think you get or know what the big Verning is. I suggest you read up on the Cryptsy exchange scandal and see what happened there. To give a hint, its where the owner of the exchange himslef who tries to steal from its own users.
Everyone knows who Big Vern is. The issue is, why do you think Poloniex is like Cryptsy? Where is your proof? |
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None of them.
as you can see also from the history of each of these coins and other coins, none of them can ever keep a high price. and apart from that all these coins have been pumped and a pumped price is always fake and will die soon when it pops.
as you can see many of them are already down a significant amount, specially with bitcoin price rising.
those altcoins that were pumped first are going to get dumped sooner and those which were pumped last will stay high and get dumped afterwards.
This. Anything that goes up too fast, will plummet. |
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It isn't necessary for Litcoin. They're just doing it because Shiny New Object thing might make the speculators pump Litecoin (it's been feeling left out).
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Why? What is the point of signalling and then pulling out? Makes no sense. |
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As long as there won’t be a big news, I think the price will go up slowly slowly, nothing huge, there will be some pump and dumps but BTC volume is huge to move that much, maybe some big players might dump it but in the long run it will move up and up inch by inch.
However if anything like BU or Segwit and all that happens again, it will most probably go down again or start another rally. As of now it seems segwit is going to win this race. I guess based on that expectations, right now prices are moving up. hopefully this rally may continue till prices will be testing $1300 or ATH of $1350 too.
And don't forget China! They still haven't enabled withdrawals on the chinese exchanges. So plenty of drama potentially still to come. |
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Poloniex is one of the greatest prizes in hacking at present. Lord knows how much money is stored on there. I'm sure they're extremely careful but another hack is only a matter of time.
It's already happened and somehow it'll happen again. Considering the returns on offer there's no way I'd bother myself.
They are being pretty careful about security though. Since the Cloudflare bug thing they've been manually approving large withdrawals, and there is a notice on their site asking people to enable 2FA. If people are sensible and make sure that all their passwords are a) long and b) different on each site, plus enable 2FA they should be fine. |
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It was hovering against USD as Bitcoin was rising. That doesn't make it a good alt to invest in though, even if it is better than some others that tank whenever Bitcoin goes up.
Maybe the rise yesterday was it, each pump is smaller than the last, as it should be with an inflationary coin.
I mean, at the end of the day, it is a coin based on a meme of a dog with bad English, it probably won't stay the course long term.
We live in an era where memes are everything. I mean Trump won the presidency with a meme. Doge is by far the friendliest coin out there - it has had very good mainstream press (thanks to sponsorship of the Jamaican bon-sled team and that Nascar guy). I'm not worried about the lack of new development, it works just fine, so why mess with it? Sometimes focusing on the social instead of the technical is just what a coin needs to make a breakthrough. |
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I just cashed out a part of my Litecoin profits, so everything seems to be working again. It was most likely an attempt to slow down the site to such a degree, that it would distract the attention away from people behind the DDoS that probably were trying to get into the system. It's a common thing nowadays. Increased price makes exchanges an even more interesting target.
It's such a 2013 technique, DDOSing exchanges, yet it still seems to work in that exchanges haven't increased their server capacity, plus DDOS protection to ride it out. |
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