it can of course be physically separate for individual traders, but we're talking about the market as a whole here. in no way does any coin do its own thing completely independent of others, or bitcoin. this is something that might start to change that.

https://www.reddit.com/r/BitcoinMarkets/comments/8dksw2/daily_discussion_friday_april_20_2018/dxp35rc/

interesting theory here tying in the still mysterious Polish bank seizure and bitfinex's latest moves such as reducing the capital requirement.

as ever bitfinex breeds conspiracy theories. but the capital requirement was pretty damn stupid.

i'd love to know the proportion of traders who are in it to make bitcoin gains versus fiat gains. there must be a class of altcoiner at this point who've never touched bitcoin and have no plans to.

but as you say there's no such thing as a legit bitcoin interest option so playing with alts is the next option in many eyes to attempt to get a return.

i can't believe anyone would use a trash exchange to receive payments, especially when byteball wallets are so painless.

it serves no purpose for trading. it's not an exchange. it's for buying and selling. there are retailers on there who make plenty of money but they're buying and selling to joe public, not other traders.

i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.

by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.

so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?

no coin will best bitcoin for what bitcoin does. other coins can do different things so there's no competition.

if you're talking about potential for gains, pretty much every coin has more potential than bitcoin to rise. they also have more potential to dwindle to nothing.

https://twitter.com/nathanielpopper/status/987102412082069504

here's an interesting little bomb waiting to go off.

https://www.nytimes.com/2018/04/19/technology/virtual-currency-securities.html

'Venture capitalists and entrepreneurs have been lobbying federal regulators to protect at least some virtual currencies from being categorized as securities, a designation that would carry significantly more oversight.'

https://twitter.com/nathanielpopper/status/987102412082069504

i think the journalist above is something of an asshole fudster but he does uncover some good info. if ethereum is classed as a security then it'll be in a whole world of pain. i can't see it happening myself.

most of us will be back in nappies before this is a real issue, but it is indeed an issue. personally i'll simply get on with my day and not sweat about it. that's the next generation or two's problem.

if bitcoin is still a thing and still important by then it's gonna get solved by brighter people than me.

yep. but many people seem to forget that and regard it as some type of bastion against all the usual regulatory crap when it isn't. its absence in germany is a clear sign of that.

the moment ASIC resistance returns, hundreds or thousands of researchers, scientists and programmers set to work breaking it. the rewards are too high not to try it. bitcoin could spend the rest of its days skipping from algorithm to algorithm which would be an endless cycle of ruin and disruption for little gain.

if someone could come out with something forever unbreakable then great, but i don't think anything can be certain. and even if it returned to GPUs there's enough capital out there in a small number of hands to centralise that too.

the little guy is done in bitcoin mining no matter what. it's better to have more diverse machine manufacturers and as many deep pockets as possible competing to find coins. that's about as good as it's gonna get.

use your crazy gains to resurface the entire state to full race track grade. there's nothing more satisfying than giving something back to your fellow citizens.

i've seen quite a few people get very worked up about this. i don't really get why as most sellers will make you send them a bunch of ID anyway, something i'm not inclined to do for a random stranger on the internet.

people forget that localbitcoins is just another centralised service with identifiable staff and servers. they're just as vulnerable to getting blocked or shut down as any exchange. it's great for people who can't access an exchange in their locality. beyond that, meh.

the tulip mania thing is soooo damn tired, but overall i think he's right.

the only thing fueling this is the desire to sell for more than you paid for it. that's why 99% or more of the people here are here. hardly anyone understands it or why it's important.

hopefully before everyone gets bored and goes away there are gonna be some very compelling real use cases that attracts a large amount of people who have a genuine purpose for it. if not then things could get a little rocky.

I've never found dash compelling in the slightest, but it's still a regular pumper and there are enough big bags to fuel further pumps.

No one should really care about development, supply, team competence or roadmaps. Just take the pump and run.

I don't think this has a future. It's still gonna make you money.

Nope. A bunch of foolish people were using it to deposit their byteball Sig campaign earnings to and nothing arrived so it's still crippled.

Do yourself a favour and stay away from cryptopia.

Abandoning bitcointalk is a rare and weird move.

I can understand why someone couldn't be bothered any more, this is a shit hole, but it's also pretty de rigeur.

Confidence is down a notch for me.

---

it's not really an exit scam when people still hold coins with some value. they might have been abandoned by the developers. hey, maybe another one'll come along and start the party over again. it'll probably be the same crew in disguise too.

it's too early to call anything. however... - https://www.reddit.com/r/XtraBYtes/comments/8c3ndu/why_are_people_losing_faith_in_xby/dxfdh5e/

no one should've gone all in anyway so if the worst happens hopefully fingers won't be burnt too badly.

not exactly the achievement of the century, it's just a fork, but pretty useful all the same. i'm impressed any hardware wallet is still bothering with forks. i would've told users to leave me alone and that they were on their own.

i'd love to hear their thoughts about fork mania. i'll bet they certainly didn't incorporate it in their plans when setting up.

i think they are both pieces of shit in their own ways and symbolic of the insane lack of rationality in this market that needs to be taken outside and have its brains blown out.

in a couple of years people will look back on them and shake their heads in wonder at the valuations they achieved in their present condition.