lol
i didnt see people crying when an AMD CPU had an advantage vs a Intel CPU
i didnt see people crying when an ATI GPU had an advantage vs a Geforce GPU
but all of a sudden "bomb ASICS coz gmaxwell says so"
why the sudden bomb threats and deadlines and blackmails..
is the $70m debt recovery process coming soo soon?
The problem here isn't ASICBOOST. The problem is that Jihan Wu (and others) are actively blocking SegWit for their own personal gain, while pretending that it is a difference in principle and they are acting to help us all. in this situation is acting for personal gain. Everyone. The last person who was acting for the good of the community was Gavin, but he stepped away several years ago, and we are where we are. |
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What it does it shows us, you ask?
Well, very simple: This shows how easy the price of bitcoin can be pumped if there is FOMO. So imagine that big pockets move small amounts of their portfolios into bitcoin. Even without a ETF, we would be in $10,000+ in DAYS with continued FOMO.
People forget the marketcap for bitcoin is tiny, and rises can look like massive green candles easily.
It shows us how easily Stop Buy, and Stop Sell orders can be triggered by exchange insiders. On Stamp, a big bunch of break out Stop Buy Orders were triggered. On Finex, where they have margin trading, Stop Orders on both the long and the short side of the equation were triggered, hence the total wipe out candle on that exchange. Currently, Bitcoin is just a few 0.X% above where it was when the shenanigans started, but a whole bunch of Bitcoiners are considerably poorer, with a very 'special' select few being much richer. total fkn smash n grab. If Bitcoin were regulated, this would be getting investigated. Some exchanges ARE regulated (Gemini, GDAX), but strangely traders don't want to use them, they prefer the unregulated exchanges where they get taken for a ride. |
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I still don't see how the revelations solve anything. You still have a group of miners who don't wanyt Segwit, and unless new mining pools appear to outvote them, this thing drags on.
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Why would he be sued? Surely he can use whatever hardware he wants, and as a miner he doesn't have to support segwit if he doesn't want to. Isn't that what decentralisation means? |
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Groestlcoin (GRS) was the first with SegWit activated.
Someone already did it? And the price didn't skyrocket? Dude, that sucks!!! Top banter! Segwit has to be the most over-rated thing ever. |
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I don't think that the United Kingdom will go to war with Spain, just over a tiny piece of rock. We are well past that stage, and Theresa May is a well experienced politician aware of the consequences of a physical war. If Kim Jong Un was in the place of Theresa, there was a chance though...
That "tiny piece of rock" guards the entrance to the Med - it was vital in WW2. Besides the Gibraltans don't want to be Spanish - they are rich and happy being Brits. I don't think it will come to war - Britain has lots of ways to make Spain back down. Spain depends on British tourists (17 million a year), plus selling agricultural produce to us. We could cripple them just with some sanctions. |
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Once LTC gets segwit, all LN development will move there because who wants to develop under crippled mode (no segwit) when you have LTC, which is a BTC clone which actually scales and has the network effect of the original alt?
There is only one problem with your scenario - hardly anyone uses Litcoin. In the last 24 hours were only 6,798 litcoin transactions. see https://bitinfocharts.com/Why on earth would all the LN development move to a coin nobody uses, and hence no fee profit can be made for it because nobody uses it? As things stand only ETh is a possible threat to BTc, because people are using it (there were about 87,000 transactions in the last 24 hours on ETH) though i dont care for LTC or ETH LTC would gain traction due to the centralists of the DCG here is a list of those prominent services in DCG portfolio that have alot of sway of the whole crypt-onomy -blockstream -btcc(litecoin inventors brother) -bitpay -bitpesa -changtip -coinbase(litecoin inventor) -coindesk (puppetmaster of propaganda owned by DCG) -gyft -kraken -purse -shapeshift -xapo plus many more imagine if all of them (shh they are already becoming) start being LTC friendly. ETH wont stand a chance with being 'merchants accept' available Most of those services you have quoted have hedged their bets and all have ETH enabled (Coinbase is a huge ETH fan, Kraken, shapeshift etc all have ETH). So if they feature both ETH and LTC, then again, it comes down to users, and litcoin has very few. |
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Once LTC gets segwit, all LN development will move there because who wants to develop under crippled mode (no segwit) when you have LTC, which is a BTC clone which actually scales and has the network effect of the original alt?
There is only one problem with your scenario - hardly anyone uses Litcoin. In the last 24 hours were only 6,798 litcoin transactions. see https://bitinfocharts.com/Why on earth would all the LN development move to a coin nobody uses, and hence no fee profit can be made for it because nobody uses it? As things stand only ETh is a possible threat to BTc, because people are using it (there were about 87,000 transactions in the last 24 hours on ETH) |
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Great article. I thinks it needs to mention some relevant specifics though - for example, how obviously this applies to recent situations (namely DASH). Especially number 4 - DASH's videos and many people talking about DASH were claiming that it's much better than Bitcoin as they believe it's instant, lower fees etc, which it only was because there were very few transactions on a pumped network and it had very few improvements, but people relied on DASH despite a lack of noticeable technical discussion about its benefits, hence the current dump from about $100 to about $60.
The DASH pump is interesting because this is their SECOND big pump. Back in 2013, when they were called Darkcoin, they also had the mother of all pumps - back then the story was all about how it was more anonymous than bitcoin (people imagined that the public was really interested in this despite the fact that we are living in an era where people willingly give up their privacy by posting all sorts of personal stuff online). |
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65% now. it really might happen pretty soon. this is gonna awesome for litecoin and all crypto if it happens.
I didn't expect it to pivot so rapidly.
What happens if segwit is activated, but litecoin's transactions don't increase because people simply don't use it? According to bitinfocharts: https://bitinfocharts.com/litcoin only had 6,649 transactions in the last 24 hours. I don't think segwit is going to make a difference to that figure. |
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What @pedrog said.
Their terms and conditions protect them, especially as they frequently experience DDOS attacks.
People really should spread their money across lots of exchanges. That way, even if one exchange goes down, they can still trade on the others.
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What is the big things on social media that relate with bitcoin?
When we talk about social media, we talk about a business area with massive market and users with unique needs. So I think that would be nice when we can spread out bitcoin to inform the whole world about this alternative internet payment on social media platforms.
Share your opinion about what we can do on social media platforms to make(push) peoples to be interested in using bitcoin.
Biggest thing would be something like tipping content creators and changetip had the right idea for a while. The tipping systems need to be built right into platforms like youtube etc. People hate adverts on youtube and would glady tip a little to remove them. People tried the whole tipping thing on reddit (which is a massive social media site) - it kinda failed, especially when bitcoin's price started to rise and people wanted to hoard their coins rather than tip them. Doge had better luck with tipping, because it is so cheap, people enjoyed sprinkling it around, but they found some subreddits used to ban people who tipped (go figure). Platforms like youtube would definitely ban tippers - Google makes their money from the ads and would hate anyone interfering with that. |
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why are laon rates so much higher on polo that bitfinex?
anyone have any thoughts.
Supply and demand. The loans on Poloniex are from members, not Poloniex itself. And members do not always want to lend - when a coin goes high, sometimes they prefer to just sell it, which is why the loan rates go up. Also, the BTC loan rates depend on whether there is a pump going on. When Dash (or ltc or ether or whatever) is being pumped, you need to borrow btc to go long via margin trading. There are many more pumps on poloniex than on bitfinex. |
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it was being done from the very beginning .people bought altcoins at a very low price and when the price hit its all time they use to sell all the altcoins. with that profit they would buy the bitcoins and sell it in exchange for the fiat.
This. Alts originally were a way to get bitcoins cheap (you waited for the alt pump and sold). However, there have been a couple of alts that appear to have staying power on their own, so we shall see what happens, especially when bitcoin's flaws become more and more apparent (a couple of days ago, when moving some bitcoin to an exchange, it took 1 hour and 45 minutes to get six confirmations, which is ridiculous - that kind of thing kills a coin expecially as there are now so many attractive alternatives). |
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Just walk away for half an hour. The more people you have constantly refreshing, the longer it will take them to get the site back up and running.
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There was a rumour a few days ago that the PBOC wanted in person verification: http://bitcoin.xyz/pboc-proposes-person-verification-account-opening-exchanges-withdrawals-still-hold/An article in the China Business Journal reportedly claims that the PBOC has sent a 4-page draft proposal to Chinese bitcoin exchanges. The bank is asking them if the requirements outlined in its proposal, including one involving a mandatory in-person verification, are feasible.
An exchange insider, Lu, told the Chinese publication that one of the items listed is the requirement for all new users to go through on-site verification before they can open an account. Bitcoin.com previously reported on the PBOC potentially requiring on-site verification in order to deposit or withdraw 50,000 yuan when using a Chinese bitcoin trading platform, but doing so to open an account was not mentioned.
Lu commented that this requirement is not feasible and does not follow the trends of the internet, citing that even stock market trading accounts allow remote video verification. We shall have to wait and see if a) they accept viseo verification and b) how many of the customers of those exchanges agree to video verification. I suppose b) depends on how much money is involved and whether they can afford to walk away to keep a low profile from the Chinese govt. In-person verification is a ridiculous request, IMO. Unless their plan is not to "regulate" BTC, but rather to kill it in their country. Most aren't going to travel just to verify their identities. It IS ridiculous - but the Chinese are worried about capital flight. Their forex reserves have dropped by a staggering $1 trillion in just two years as they try to prevent the yuan from collapsing due to capital flight. It is possible that they take a super hard line just to deter people, and if the price is killing bitcoin in China, they just don't care. |
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...
the Chinese news is old stuff and more importantly i don't think the timing of it is right. if it were any other time there may have been some effects and price tanking but now is the time for rise, specially with the altcoin pumps nearing an end a lot of money is coming back into bitcoin these days. It isn't old stuff - it is unresolved stuff. Suppose they decide not to permit withdrawls after all. What happens to those coins? Do they get auctioned off? Do the exchanges keep them? Do they get suddenly dumped on the western exchanges by shady characters? who cares, the Chinese don't matter as much as they did back in the days. we all know very well that the volume they have been reporting has been very fake and besides all those Chinese that mattered (the whales and good traders) left the exchanges in that initial timeframe where withdrawals were still possible. now they are all doing their trades elsewhere. such as on localbitcoins and wester exchanges. They do matter because quite a lot of bitcoins are trapped on their exchanges. They'll have the same effect as when the MtGox coins suddenly come back on the market once the bankruptcy is resolved. |
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It depends on what you mean by team support.
Steem has excellent developers. But their communication skills are truly dire. Sometimes technical skill is not enough, you need the ability to communicate, and you need the ability to market your coin.
IMO Ether is doing so well because they have a great communication team - it is such a good team that they have managed to overcome all the negative publicity associated with teh DAO hacks.
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