those who have their identity all over the bitcoin exchanges won't have the best of their times.
Why? We figured out back in 2011 or so that the fact that our profits were due to virtual currencies did not absolve us from taxes on this profits - when they become realized gains. Anyone who has been trying to avoid this has been willfully ignorant. |
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But which party does the "emergent consensus" stand for?
That's Bitcoin Unlimited. Due to the massive incompetence of the BU developers and frequent failures in their software, they have started renaming the listing from BU to emergent consensus (e.g. on coin.dance). Inaccurate to the point of misleading. The initiative is emergent consensus. BU is just one tool which implements this initiative. Specifically, BU reduces the friction of its users from advertising their preferences with respect to consensus parameters. The upshot is that there is no 'BU Coin'. BU is Bitcoin, pure and simple. And indeed, Emergent Consensus holds the plurality of mining support of any known such initiative for scaling. And mining is the only measure that is not subject to near-zero-cost sybil attack. |
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I didn't experience any of the previous mega rallies. Maybe that's why I keep thinking it's not sustainable for it to keep going up in value quickly. During the bear market every pump preceded a bigger crash. I haven't yet got used to every small crash preceding a bigger pump yet.
Same. My monocle keeps falling into my gin! Quite so, old chap. Welcome to the economic singularity. |
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So, im bullish on Ripple, like many other. This doesnt mean i dont have my BTC stash in place, and believe me, my BTC dont get jealous.. so why all the fuzzle?
The fact that the company owns XRP tokens in semi-infinite quantities is a real hindrance to the value of each such token. Their ability to profit off the seignorage works directly against the interest of XRP hodlers. |
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700 BTC sell wall coming and going on GDAX. Fun times.
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In what universe could you have predicted an OMNI would double overnight?
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UASF? Do you mean the hard fork that has to be activated by a miner?
UASF stands for User Activated Soft Fork. It’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. We will be free from Jihan Wu on 1st August. I know what it stands for and how it works. It is not user activated and it is not a soft fork. Yeah. Some of the fundamentals seem to escape a large swath of the misguided. |
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They are only miners. They are not special snowflakes. Users make bitcoin valuable not miners.
pot. kettle. black. slush. groppel. snowflake. |
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lol someone is mad because the price is dropping ??
what a fcking shame
Maybe someone is mad because you're not exactly behaving like a gentleman  Never saw anyone getting censored here. It's mostly trolls that get their posts deleted. It's a speculation thread I don't really think they'll ban anyone bearish just because they're bearish. BUT if you're bearish and act like a bearish dick then... almost everyone here is bullish so there is no point of posting rockets and shit.. but when is a red alert I'm here to warn and to watch at pussies like you , is your choice ,to make few cents from spamming or real money from trading I'm with ya on this one. I frequently vehemently disagree with the sentiments you post. But this has always been a freewheeling thread. With the caveat that I don't know the content of the specific deleted posts, I'm inclined to think moderation has been irrationally exuberant here. |
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Imo, the biggest problem right now is ETH. It was $8 at the beginning of the year. It's so severely inflated, that if it keeps crashing, it's going to keep taking everything else with it. That's what happens when you let a competitor gain too much market share. It's stupid that I find in order for BTC to hold its price, or continue rising, that requires ETH to hold a 13x inflated price (since the beginning of March).
I agree with you that ETH is severely overinflated, esp when I have the belief that it was never even intended to be a cryptocurrency in the first place (Vitalik himself said that) and thus hold any significant value. It's been pre-mined to death, and the float is tiny. But even worse, the ETH fans don't even realize that the mining floor is somewhere down around the single digit dollar area, and troll traders took millions of ETH off exchanges for pennies for the last 2 years in anticipation of running it up to the moon. Notice that I said troll traders, not people who actually believe in ETH and are long term holders. So any weakness in buying demand, or any flaw/bug found, or any exchange hacked, and ETH will get dumped into the absolute ground. But I disagree that this will affect BTC to the negative or in any way whatsoever. It's completely disconnected. If anything, they'll be trading back into BTC on the way down. confirmed. |
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If the institutions are sniffing ... their best getting in on a 'personal' level to front run their employers and clients. And some of these folk could scythe through the current whales without breaking a sweat, on both resource and skill levels.
Perhaps yet another reason that hodl may continue to be the best strategy. On two counts. |
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with every exchange bursting with new users,
you think adding more sheep will change the behaviour of the flock? No, but it will change the size of the flock. More sheep competing for a chunk of the same pasture. |
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Alas my own pools amount to less than 0.1% of the network hashrate so what I have to say makes no difference to anyone or anything.
Alas, it was only recently that I learned that the only votes that really count are those of the miners. And to think that I used to hold a single-digit percentage of the entire system hashpower. And I abdicated my authority. Not realizing what I was casting asunder. Respect for you fighting for what you believe. |
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Signalling makes you look all cool and powerful. When it comes to actually forking, your knickers suddenly fall around your ankles.
One does not simply  Prematurely e-fork-ulate We're just biding our time waiting for the scales to drop from the eyes of the indoctrinated masses. When put on the spot, almost every single economic actor of importance wiped their posterior on the idea of an Unlimited chain being acceptable.
Well, apart from a measurable plurality of miners, and and unknowable but certainly not insignificant proportion of hodlers. |
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That's what squishalised Unlimited in the end.
I like the word 'squishalised'. But I do not think that word means what you think it means.jpg. Just now: [fancy image] BU still #1 in miners signaling support. True, but misleading. All of the pools signalling for each proposal are fairly stubborn about their stance, so those levels of support have remained the same for quite a long time now. A compromise is fully necessary if there are two solutions with neither willing to conform to the other side's ideas. Whether this is the right one is another matter, but I'd call Unlimited "squishalised" until it's broken out of the position it's been in for a couple of months now. So then The Segwit Omnibus Change Set is squishalized-er? Incidentally, the post to which you have replied has been purged by the thread starter -ck. I certainly feel it has direct bearing on the veracity of the claim of ">80% miner agreement". Because 100% - 80% would be a max of 20% for everything but this new proposal, and BU has >40% miner support. As measured. Verifiably encoded within the blockchain. You can find more on this at https://bitcointalk.org/index.php?topic=1936835.0 |
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I wish to air posts that -ck inexplicably excised from his/her thread "The Barry Silbert segwit agreement with >80% miner agreement." Of course, that is a self-moderated topic. I am accordingly not making any claim that excising my posts was illegitimate. But custom typically allows for any posts that at least remain on topic. Was I? You be the judge. This seems to be the one that metaphorically broke the camel's back: BU ... It's totally irrelevant to this next round of clashes.
As the data shows, it has the largest signaling support. Ergo, it is quite central to the ongoing debates. Fine, believe what you want and I'll chalk it up to faith and put you back on ignore. As you wish - it's a free internet. Though I must confess some bemusement - especially in light of the fact that it certainly seemed to me that -- until our discussion -- you were totally unaware of the implications of parallel validation upon mining dynamics. (implementation shortcomings notwithstanding) As a sidebar comment, I guess -ck was merely kidding about putting me on ignore. Here's the preceding message, which seems to have gotten under -ck's skin. While it was a reply to gentlemand rather than to -ck, it reiterated a point of discussion I had made several posts back. And included updated data on the topic of discussion. Which has direct bearing upon the topic of the thread title (that whole >80% miner support ... umm ... manifest untruth): That's what squishalised Unlimited in the end.
I like the word 'squishalised'. But I do not think that word means what you think it means.jpg. Just now:  BU still #1 in miners signaling support. And the last one follows. I guess this could arguably be deemed off-topic. As could perhaps any of the other dozens of posts in the thread that centered upon UASF: Remember that VIAcoin didn't look at what segwit actually does months later after FUDding it.
Hmm. WTF is VIAcoin? Well then brace for impact because UASF is coming. Segwit is getting in like it or not.
Segwit has already gotten in. If you want Just Another Shitty Segwit Altcoin, be my guest. Thanks for listening. I'm ready for the expected attaboys and expected pummelings from the expected tribes respectively (albeit with no expectation of respectfully)... |
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Whale purge.  OK, I'll bite... what is the bottom graph showing? What's the X axis? |
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That's some serious carnage. Gratifying to see most of the top shitcoins got hit worse than The One True Crypto tm. Wait - what? WTF is going on with Tether? |
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Ehh well a $10MM market sell would probably devastate a small market cap company, AAPL (apple) would barely notice it
MarketCap BTC/MarketCap AAPL ~= 4%. Respectable. |
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Loompaland?
I got to fly in a WWII B-17 Bomber plane a few days ago. Fun factoid (perhaps apocryphal) imparted by the plane's crew -  This plane was built in Burbank. There are multitudinous small spaces requiring detailed assembly operations within. Several of the diminutive actors from The Wizard Of Oz were employed on this plane's assembly line, as they could reach the crevices that others could not. We now return you to your regularly scheduled scaling argument... edit: upon reflection, the proper reference should have been Munchkinland, not Loompaland. c'est la guerre. |
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