Bittrex can't handle the traffic.
Interesting times =D
Crispy here, all fine |
|
|
|
Kraken is down. Coinfloor has no problems at all
thank you for the report. Would be nice if everyone could describe his experience with the exchanges. A review during time of stress. Bittrex / Poloniex / HitBTC worked fine for me |
|
|
|
If BCH doesn't crash and burn on a technical level, which it very well might, then I think that there will be three stages:
1. For the next 2-4 days, people will have BCH and be trading it inside of exchanges, but will not be able to readily deposit or withdraw it because BCH blocks will be mined very slowly. This will cause a very inflated price on at least some exchanges.
2. Over the course of a few weeks after that, it will be driven absolutely into the ground as people dump their free BCH.
3. Then it will recover somewhat and hover between 0.001 to 0.01 BTC as a maybe slightly-above-average altcoin. Depending on how committed its supporters are, it could continue indefinitely similar to Litecoin or peter out after some time.
Lots of unbiased investment advices which do not need any disclaimers because of this...  I'm actually surprised by how high BCH is, why would accumulators buy futures at this level? |
|
|
|
What's the benefit of having a larger block size? I've heard a lot of fuzz around it. A larger block size means fewer blocks, but how will fewer and larger blocks affect fees?
I'm imagining, larger blocks, more transactions in one block, lower fees? Is that correct? I'm trying to wrap my head around how fees actually works.
You are correct |
|
|
|
Cool. Thanks  Wouldn't it be 12:20 PM UTC? That's the time of the BCC hardfork if I'm not mistaken |
|
|
|
$1m buy wall at 0.1BTC on viabtc BTC/BCC.
Someone wants to stop it going to zero, at least until the fork.
But that is on the future contract not BCC itself so perhaps it is empty posturing? |
|
|
|
Every time that I see the price pushed back up into the $2700-2800 range, alts are down.
That would seem to indicate that alts are getting squeezed each time to prop up bitcoin.
I'd expect that to keep happening until tomorrow but on a slowly diminishing scale. At one point everyone will have to leave alts for bitcoin if they want their free bcc money. Bitcoin velocity will be minimal Those who were going to move to desktop or paper wallets because of FUD have already done it I should think. They won't be able to come back for a while and shouldn't have any short term impact on the market. |
|
|
|
1) Alt people, will sell BTC and go back to Alts (Alts will rise)
^^ this |
|
|
|
Everywhere I read its recommended to withdraw coins from exchanges until the dust settles sometime after Aug.1st. That would create very thin pools everywhere without the option to transfer back and prices could move any direction much easier. The skeptic in me wonders if it might be better to put my coins on an exchange and perhaps just ignore the fork drama. BTC seems to have a tendency to go the opposite direction of the masses.
My thought exactly. Thin pools, low liquidity, high volatility. Should be interesting |
|
|
|
Are you a 14 year old boy?
What do you think the chances are you can hold a candle to me in regard to the macro economic implications of bitcoin? I wasn't stating an opinion, I was stating facts about how bitcoin is being centralised by one corporation around Blockstream, it had nothing to do with your conversation And anyway how would you know what I know, particularly about cbs and economics. You don't know me You are stating your opinion as fact which is a conclusion you have mistakenly come to because you don't actually know how central banks work and what their purpose is. You know what economics and game theory are and how they are relevant to understanding bitcoin (which you do not). You are literally asserting an opinion about something you don't understand. You must be confusing me with some else I haven't said a word about central banks  |
|
|
|
What??
I said you have an opinion and you are assertive about it, but you don't understand how central banking works or economics in general. I wasn't stating an opinion, I was stating facts about how bitcoin is being centralised by one corporation around Blockstream, it had nothing to do with your conversation And anyway how would you know what I know, particularly about cbs and economics. You don't know me |
|
|
|
In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over.
Unlikely to happen since Bitpay is part of the conglomerate ( http://dcg.co/portfolio/) that controls Blockstream / Core. Whatever Bitpay do is likely to be in support of DCG and DCG / Blockstream / Core is behind the 1Mb constraint It's one big centralisation effort presented as decentralisation. You've got to admire how well they've managed to mislead so many for so long. Lots of holes on this article, it boils to down to keeping Bitcoin in a limited circle of people under the guise of "decentralization" ignoring advances in hardware and bandwidth. But 640kb ought to be sufficient for everybody right? list of bs points: Bitcoin As A Settlement System Scales Indefinitely
Bitcoin As Coffee Money Doesn’t Provide A Unique Service
Increasing Low Value Bitcoin Usage Doesn’t Necessarily Increase Its Value As Per Metcalfe’s Law
Bitcoin As A Coffee Money Doesn’t Scale
In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over. But neither of you understands how central banking or our global economy works. What?? |
|
|
|
Here's a summery:
Pro's:
-
JUST a few Cons:
1) 8MB blocks rule out small miners, so more monopoly for current chineese mining pools and thus centralization
2) No Segwit, thus less efficiency
3) They leave the 'Bitcoin malleability bug' alive and kicking, so Bitmain can keep using its covert ASICBOOST
4) A few unknown developers work on it
Bitcoin Cash is the endresult of greedy miners who don't care about ideals and ethics. They only care about power, keeping it and expanding it wherever possible. And with power comes money.
There is zero community support for Bitcoin Cash, we already have Bitcoin. Only traders and exchanges are interested because both can make an extra buck out of it.
Bitcoin Cash is a waste of time and effort
"greedy miners" You sound like you and others are reading from a script. Are you coached or are you the same guy writing under multiple accounts In bold: what makes you think you can speak for the bitcoin community, you have no legitimacy. And the community does, btw, include those ... "greedy miners!" For info I don't support BCC, I'm just tired of the cheap propaganda coming from blockstream / core |
|
|
|
In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over.
Unlikely to happen since Bitpay is part of the conglomerate ( http://dcg.co/portfolio/) that controls Blockstream / Core. Whatever Bitpay do is likely to be in support of DCG and DCG / Blockstream / Core is behind the 1Mb constraint It's one big centralisation effort presented as decentralisation. You've got to admire how well they've managed to mislead so many for so long. |
|
|
|
what happen if we set transaction fee zero or least that never possible to confirm
the transaction will cancell and bitcoin get back?
or my bitcoin stay unconfirm forever?
I think it will be back but it takes a long time. The absence of fees is never going to happen Not true. For some strange reason this is always presented as something obvious by supporters of blockstream / core vision of bitcoin but it is another piece of misinformation. Miners handle transactions and they were supposed to be remunerated via block rewards only (not fees) for many years to come. because there is a fee to maintain the operations of the managers
managers? who are these? |
|
|
|
What Value does BCC bring to the world except for traders to make $? That is the question that needs to be asked to know where the future of it will lie. Without real world value I dont see this surviving to long.
Good question, and one I wish I had the answer to. There seems to be no value in this coin at this stage. |
|
|
|
The community is with its developers, not with a bunch of greedy miners.
That's untrue And lol to "greedy miners", would you kindly try to raise the maturity level of your posts a little? |
|
|
|
Can you explain as simple as I am 7 years old.
I have Bitcoin Core wallet.dat file.
What should I do to get BCC?
My advice is send your bitcoins to an exchange that has announced they will not take their client BCCs and let them do it for you. Many on this forum will be able to recommend reliable exchanges. The full desktop client applications are too useless to bother with. |
|
|
|
If I understand it correctly, than you have to choose a differnt folder and port or you destroy your bitcoin core install.
So better - as usual - save your wallet.dat somewhere safe. Maybe twice on different place wouldn't be a bad idea.
Wait so everyone currently holding Bitcoin will randomly get extra money for nothing in the form of BCC? I am confused...  Simply put, yes |
|
|
|
Correct value for bitcoin at this moment is 100k dollars.
It IS undervalued, extremely undervalued, due to ego-fighting between weak effeminated freaks.
I don't think so It's more: The current use of Bitcoin does not even justify $1000, if you apply the Quantity Theory of Money, like this forum member did (his estimation for a fair price is about $200-250). But I think all users that bought Bitcoins for more than - let's say - $500 are speculating that in the future there will be a much larger user base. But $100K would be already a order of magnitude where we would need a large portion of the world population using Bitcoin regularly. And I think it's not at all sure that that will occur. We can do the math: If for the current user base (5-10 million) $250 is the "fair price" according to the QTM, then for a fair $2500 price we would need 50 to 100 million users (currently impossible without advanced scaling features or a massive block size increase to 10 MB or more), and for $100000, 2 to 4 billion. Thanks for linking to this, this should help some see how much damage has been done to bitcoin these past few years. That graph in particular is worth a thousand words (and a lot of risk capital too )  |
|
|
|
|
Show Posts
