I came across a website which introduced a new distributed ledger theory than blockchain named Hashgraph. I couldn't make much of the article because I did not understand it. But I do think this could have massive effects on bitcoin and other altcoins if this comes into use. Check the article here: . https://perc360.com/step-aside-blockchain-hashgraph-taking-over/ and let me know what you think. Not sure if shilling, or this is genuine concern LOL. There are about 32 of these any given day. Why would this one coin, which has infinitely less trust than bitcoin (or even 42 coin for that matter heh) completely disrupt an already disruptive technology; what innovation can really be provided be provided to improve on as simple of a concept as a distributed ledger? And even if this did provide some novel innovation that hasnt been addressed yet, again how long and hard would it take for adoption to reach the levels that we have achieved with bitcoin? This isnt really that great of an adoption rate; if this coin will represent a fraction of that, good luck  |
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well at first, there really wasnt an incentive to go after bitcoin.
pretty sure bitcoin blipped on the govs radar about the same time Gox became a real thing. Im talking sub 20, btw. at this point, it would have taken more money than it was worth to try and police the sphere; for the most part there was no real eco sphere, just a large community of really enthusiastic participants. now, with coin prices so high and so much value created, there is a real danger of funds being misused (money laundering and criminal activities). notice how much we have been hearing FUD wise since we broke 6k. its some of the same that shrunk the bubble on the China rumors.
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After reading some of the responses, do you think government trying to regulate or ban Bitcoin will have an adverse effect on its growth or just add more fuel to the fire? As companies start accepting Bitcoin as a form of payment it will bring more awareness to crypto as a legit currency. Thus, triggering the government to step in. Could Bitcoin survive in these scenarios?
A government banning a thing usually is a "final statement", so to speak. Bitcoin is rather resistant to programmatic attacks due to its decentralized nature, but the easiest way to hobble bitcoin is to simply outlaw it. Since you cant really use bitcoin without using a fiat gateway (either an exchange or a payment portal), you will have to interact with someone to convert the value. Anytime you do that, you are risking whatever penalty would be applicable in this hypothetical situation Ad the government is doing just this, right now, because of the price. |
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What are you sophisticated bitcoin thiefs ( and I know you prowl around this forum) gonna do now? huh? you bitches!!! I now have a hardware wallet with a seed and a passphrase at the end of it. You ain't gonna get steal diddly squat.... LOL
Its called a stick. its one of the most sophisticated hacking tools available on the market right now you see, someone can come to your house with a stick, and beat your ass with said stick until you hand over the funds. To hell with a virus. but seriously, you can have your coins stolen by life. you can lose it, it can get broken and you lose the seed, someone else can discover the seed. you arent bulletproof just because you have a hardware wallet. you are very well protected, however, if you follow proper procedure and hygiene. |
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You meant "FUD."  Dimon is shilling for whatever makes him money, and hating the rest of the time. He even admitted his daughter was pretty well invested into cryptos; I have to wonder what special type of dick head it takes to make statements that directly affect your loved ones fiscal value. This would be akin to taking out an attack ad against your sons lemonade stand, or neighborhood grasscutting business anywho, the variation in his positions over time should be indicative of how much you should trust his advice. remember, people dont tend to talk about stuff that doesnt concern them |
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Altcoins, certain altcoins, are just a valid part of ecosphere as bitcoin. Take the majors for example; ETH, DOGE and LTC combined probably see as much traffic as bitcoin. And they all offer unique functions; ETH has its layers, DOGE is cheap and fast, and the dark coins can actually make obscured transactions. Bitcoin isnt everything.
With that being said, there is a ton of shitcoins lurking about ready to steal your value. If a coin doesnt offer any innovation pass on it; reskins of an existing coin will usually fall to the trust of the original.
But understand, it would be odd if bitcoin persisted to the end of cryptos. It was the first; the first rarely survives til the last.
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So after the fork came in what did Roger Ver do? Did he believe in his vision so much so that he decided to give up on all of his Bitcoin after the fork?
If he believed in his vision so much surely he would have exchanged his Bitcoin for Bitcoin Cash. Anyone know?
yeah, you assume he would have, but we all know that most likely some bull. no way in hell he liquidated all his bitcoin, being an early adopter and a huge evangelist before he decided to make his cash grab. if he did keep some however, we will never know. i doubt he is dumb enough to reuse addresses, and he is highly motivated to keep shit like that on the hyper hush. thats like catching the Pepsi dude drinking a Coke, its hilariously ironic but really telling when you think about it.  as if folks were gonna jump ship bhind some fees  I dont know what the current price of bcc is right now, but meh. How did that work out for you, Roger? |
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Keep buying!!!
LOL true, but this is only half of the battle. We need more adoption to keep us alive; things that arent popular tend to fade eventually, no matter how many enthusiast are interested in it. we have to move bitcoin away from niche into the main light; we also need to expand the demographic that uses bitcoin farther than younger white males. if we make bitcoin part of the infrastructure of something, as long as that thing persist, there will be a reason to maintain bitcoin. bitcoin in iras will do well to keep it alive, there is an incentive. |
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Lately there's been a lot of talk about regulation. What about ICO's? What do you see with the ones complying with governments? It seems to be a big play longevity wise. For ex. Unikrn got their Malta license, making esports fiat wagering legal in most of europe. Does this pave the way for future ico's? Should this be an indicator of a good, trustworthy ico? More info: https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/it depends on the type of token, and the industry. it seems like those guys got a license to gamble/esport; i wonder will it be required to register as a fund collecting entity with ones repsective government. these ICOs have undoubtedly been used to wash tainted coins; fuck a mixer, you can get a whole different type of coin, with little to nothing in the way of AML/KYC. if people are going to be conduits for this much money, they will have to behave as money transmitters, as essentially they are acting as a currency exchanger. we wont like bitcoin so much after they have their way with it. but, it will be ready for mainstream and here to stay once that happens. but security tokens need a license so far. utility tokens, not so much. |
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First off, dont go buy btc to participate in this. if you dont have bitcoin already, literally (not cryptos, bitcoin) I wouldnt really fuck with these price levels. first off, lets assume that like every other fork, bitcoin will be the more expensive coin. that means eventually people will dump the alt to flee back into bitcoin. the price is elevated because people didnt heed my first sentence. if you buy into this peak, a retraction could hurt short term, or leave you tied up moderate term until you can get back out my only strategy? park it on a reputable exchange and dump those fuckers for additional btc. i didnt ask for an alt; if they are giving them away for free and folks are buying them, i see that as an op to stock up on more bitcoin look at this as a free 10-50% "early adoption bonus". warm and fuzzy right? dont lan on moving the coins on the lesser network. it will take forever initially. |
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Chipmixer rolling deep in the thread again I see  there is an anology about glass safety deposit boxes that kinda works, but more explains the semi anon nature of bitcoin than the blockchain, which to me is the whole of this. Charlie Shrem, the dude that used to run that service I talked about a few posts ago, had this explanation of bitcoin right before he went to prison (he is out now). Basically, he got accused of what the btce admin guy was accused of (facilitating large scale money laundering, and he just got out of jail kinda recently). Anywho, try this: https://motherboard.vice.com/en_us/article/4x3pdw/bitcoin-for-prisonThe answer is yes. All you really need for a Bitcoin-like currency to work is the ability to keep track of transactions in a central ledger, which is double-checked frequently by users.
Without a computer or cell phone, prisoners would need to run a ledger completely offline from behind the prison walls. In other words, we'd need a physical notebook to keep track of all the transactions. Instead of swapping physical cans of mackerel, we'd simply write down the amounts in the notebook.
Let's call our prison-version of Bitcoin Mackerelcoin, or MAK.
Say I'm working out in the gym, and Dave needs to pay John 25 MAK for his monthly workout training. Instead of having to fill his pockets with 25 tins of fish, he'd simply ask me to move the funds from his account to John's. I'd open the ledger and write down "Dave paid John 25 MAK," and the date. Then I'd subtract 25 MAK from Dave's balance and add 25 MAK to John's.
(This isn't quite the same as Bitcoin, because as the single node, I'm acting similar to a banker. If we really wanted to imitate Bitcoin perfectly, many inmates throughout the prison would be keeping track of these transactions and then synchronizing them together, just like nodes in the Bitcoin network. When Dave paid John 25 MAK for a workout, every inmate in the yard would take out their notebook and jot down the transaction. Later, when John pays Tim 2 MAK for a haircut, all the other inmates in the salon would take out their notebooks and each record the transaction. Then at the end of the day, all the inmates would meet together and enter all the transactions into the main ledger. It's sort of like the Island of Yap, where the residents used enormous stone coins that were too heavy to move—when money changed hands, everyone in the village simply spread the word of its new owner.) So remember, bitcoin is cans of mackerel in a prison yard with a notebook. Clear as water. |
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I think there is definitely NO limit regarding the price. It just depends on how widely bitcoin is going to get accepted around the world. If the rumours about Venezuala are true and they decide to use it as their main currency, then they surely won't be the first and last ones to adapt it.
But... I see one big problem in this. How are governments, countries around the world going to work without taxation? But regarding the price, I think 7000$ is no problem by the end of the year. Maybe we even reach 8k$.. Who knows what crazy events happen .. Maybe we even drop back 50%, just for it to recover after a few weeks..
hopefully, not too soon. I see we didnt learn any lessons at all about the China debacle. The price is based on absolutely nothing but shits and giggles. we seemed determined to keep pushing the limits with the price as a community; I can honestly say Im not a part of this, I rarely if ever actually purchase bitcoin. i was surprised when we regained 5k, I was shocked when we held the mid 5ks, and Im fucking dumbfounded that we have broken 6k. bravo. we are paying a premium in the fae of a fork, that makes absolutely no sense whatsoever. stop buying these coins at these prices people! remember, there is always usually someone that paid less for their coins than you did. |
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hey guys can someone let me know what exchanges will support the Bitcoin Gold (B2X). If you have links that would be awesome. I know YoBit is all over ( https://yobit.net/en/bitcoingold/timer)it but ...I m hoping Bittrex and Cryptopia and some others make statements soon. Thanks Im still sorting this out too, it seems only yobit has been vocal about its support of the alt. Im betting that it wil go down like this; exchanges with chronically low traffic, or less popularity will absolutely embrace this fork. the trading pairs will generate a ton of commissions, and they will eventually get to claim the forked coins from inactive/closed/seized accounts. the major exchanges have a vested interest in seeing bitcoin succeed, so they wont be so keen on adopting a rival alt that uses the same mining algo. Remember how Coinbase was staunchly against most of the forks, but eventually relented and gave users their coins it seems to me that legally, you pretty much have to give the users the coins, eventually. and waiting to do so might put you in legal jeopardy.  |
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We are willing to fund bullshit ICOs and coins with our crowdfunding efforts so far, why not?  Although I will concede that this participation is largely due to profit motive. Notice how much investment has backed off since these ICOS started issuing "utility tokens" instead of "equity tokens". We have had some of the largest crowdfunding efforts in the world to date occur as a result of the ICOs; you dont see that so much nowadays. But seriously, for some reason this has always been an issue. Unless it is publicized, and deals with illness, research funding only really seems to come from the government/ big donors with a personal interest. life is too far removed from something as lofty as this for people to have empathy. attach some kind of "profit" to it, however, and you will sell out, so to speak. people are always willing to donate money. its just that they only donate to shit they actually care about |
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Do you think he is more interested in going after dark web, bitcoin, or both?
Jeff Sessions is old school as fuck. Like, I dont believe in pot old school. SO I dont expect him to really see any merits in cryptocurrencies, as the most exposure he has had with them given his age is most likely our negative media hits. I imagine both bitcoin and dark markets are in the same place for him, ideologically. I will say, however, we have never seen as much prosecution and legislation of bitcoin as we have of late. it seems like despite how he may feel, he is certainly motivated to do something about it LOL. Two major dark markets taken down within weeks of each other, and btce shuttered over allegations. He is sipping an iced tea, with lemon, and is smiling widely. |
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Merchant adoption, and security. Bitcoins are still only accepted by a very small group of online merchants This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked. If a hard drive crashes, or a virus corrupts data , and the wallet file is corrupted, Bitcoins have essentially been “lost”. There is nothing that can done to recover it. These coins will be forever orphaned in the system. This can bankrupt a wealthy Bitcoin investor within seconds with no way form of recovery. The coins the investor owned will also be permanently orphaned. |
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This sounds completely ridiculous! But I know the math isn't off. It's interesting to see it phrased as "average daily value change". I like that, particularly for something as volatile as Bitcoin. What's not clear in what you posted is what the net change is year over year, which is what actually dictates the angle of the trend that reaching $250,000 in the next 3 years would depend upon. I've read into the article and the the Lopp is claiming: This, of course, assumes that Bitcoin price will increase at an average rate of 0.42 percent on a daily basis. This is the rate we need to maintain to reach $250,000. Wild, wild times!  And if we ever saw that much unchecked growth, we would be doomed when the guys that brought in at 100 said "fuck it" and decided to liquidate. I support the math, but not as it is presented. like you said,trying to assign any static rate of "value change" is retarded. im assuming that he didnt price in any real margin of error (as we obviously would experience at least one major prolonged retraction per year). The government would go ape shit; they cant have that much untaxed value creation. shit would go off the chain with that much transfer of wealth. the status quo would be upended from a meta, however, this just seems zany. its like we have lost our good sense regarding price; i refuse to purchase these fuckers at this price level with fiat. ill earn them all day. but ill be damned if I pay a premium on what I know is just hype. |
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Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. Im assuming by physical money you mean specie and fiat. Cryptos arent the only "digital monies" in existence; there were centralized options without a block chain in play long before blockchains were even a thing. Consider PayPal, Obolpay and even E Gold (it died a very bad and protracted death). E monies require electricity,as per the name. For the convenience they provide, it is completely overshadowed by the fact that electricity just isnt everywhere. I want to be able to buy with no restrictions. Having to be connected, or powered is a hell of a restriction |
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For short-term investment, i wouldn't recommend it because BTG price will be only 10% less of current bitcoin price and there's chance bitcoin price will reduced due to recent massive price raise and potential FUD about "BTG will replace BTC", "BTG price will rise" & many more.
But if you're looking for short-term investment, i would recommend it because bitcoin have lots of potential, many people haven't use/adopt it and extra BTG isn't bad offer.
Some of the same. If you already have bitcoin, enjoy your bonus. this will undoubtedly go the way of bitcoin cash. but if you are thinking about buying bitcoin just to take the snapshot, please be wary. The snapshot is seemingly already priced in. Dont be surprised if we experience a major retraction after the fork/snapshot, as the current price of btc is most likely a result of this. WE ARE IN AN ALL TIME HIGH. Dont forget this. Empirically, when we get here, some government will introduce some guidance about btc and then we retract. Trust in the past. It really does have a habit of repeating itself. |
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Well, why not believe it? Bitcoin is very volatile and unpredictable that's why for me it is possie that in the next 2 years bitcoin will hit $10,00. Japan now is doing some legality if bitcoin exchange and this is a good sign that more countries will also do the same. With this, more people will trust and invest in bitcoin. So the higher the demand, what will to the price then? It's true, why do not you believe it?Where I saw Bitcoin at $ 1200 earlier this year.And now that bitcoin has crossed $ 6000.So you can understand that it is not impossible.Bitcoin will reach a stage that people can not believe.Now just wait for the turn. Why would I believe it? What would have changed about the protocol to justify a roughly 3x increase in value in less than two years? And how safe would it be to purchase into an asset like that, not knowing exactly when it would correct? The volatility is too much already. The uncertainty a speculative run of that nature would produce would make people think we were a scam, a hype, a fad. And I would have to agree. If we want this thing to last, we want everything to be slow and steady people. SHit like this (wild price growth) is the reason (among others) that the powers that be have rejected bitcoin so far. |
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