It's definitely a great idea to not put money into something which has no perceived value you can see. Even an ICO with a product could be a scam, if the product is bad or is not even created or planning on being created. It could be like a lot of this kickstarter campaigns which promise something and just completely under-deliver.

There isn't even a "team" of Bitcoin developers per say. That's what is part of how amazing it is. Lightning network, which I would consider to be the biggest development of Bitcoin in a long time, was made completely by a separate entity for what I would assume is private reasons (as in the company can profit off of the development). There is no single team which is a great strength to have. And yet great inventions and apps are being developed for it constantly despite no central team.

The platform that Ethereum is on and was built into is pretty interesting. I don't know much about it, but from what I can tell it has now become sort of a platform for many altcoins that can be created and traded using the same wallet file. Things like that are how Ethereum can get ahead of other large coins. But trying to beat a coin at it's own game, which has been doing it longer and better, is a losing battle.

The transaction time may be thousands of times faster, but what is the confirmation rate? As I understand it, if a coin is transacting very quickly it will require a lot more confirmations to be considered secure. So if it is one thousand times faster but also takes one thousand more confirmations the total speed it equal to be accepted by peers...

Looks like about 30% difficulty has fallen so far and very quickly too. Of course some of that could be from people stopping mining as the Bitcoin and general crypto market is going red for quite some time and makes mining less worth it or even negative. The difference is very staggering though, and it was a good move. It bricked a lot of Bitmain miners that were going to be sold for cryptonight to be mined on monero chain

Calling for a boycott won't accomplish much. Trying to throw your weight around because you have some computer hardware doesn't really seem like an idea many people would follow.

This is just like when Bitcoin had ASICs designed for it. It is an inevitable conclusion, and perhaps the coins you mentioned will have market cap drop because of their decisions when GPU miners need to mine elsewhere to try and get ROI after getting beat out by ASICs.

This is why you should understand the risks of mining and difficulty rising.

This post is from 2013 so I would suggest you look at the relevancy of threads before commenting on them. This grave digs an old and irrelevant post and makes you look like a spammer or a total noob.

If somebody is reading this, please don't continue to post on this dead thread.

I've been looking at the stochastic signals for Bitcoin on different USD exchanges, and I believe there will be a long term buy trend happening. I say this because as BTC rises, altcoins typically rise the same amount or even greater.

There is a strong likelyhood we remain in a bear market, but a lot of the graphs are starting to overlap into a strong long term buy. Think weeks or months instead of hours or days.

As a higher tier member it is easy to request that a merchant or seller of whatever item goes first. It is a really easy way to avoid being scammed to request somebody to go first. As a newer member this is not very likely.

Escrow transactions are the best way, but it is quite hard to facilitate escrow transactions. Finding a reliable escrow is tough. The fees required to get an escrow are tough.

This is why I suggest when you want to buy something you use Bitify, a crypto marketplace. I've bought from there a few times, and while the sellers there have always agreed to refund the money if something bad happens, I imagine their escrow team would be fair.

Bitcointalk Username: WaffleMaster
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Yeah I think these big guys are realizing how much money is actually in this now, and they are most likely starting big research and development programs to cater to it. This would further legitimize the projects as two tech titans entering the space is a very big indicator. I really doubt they'll want to just let it pass by after seeing last year's sales of GPUs. I'm sure they know that while GPUs are very versatile, they should start more specific development because there is a REAL demand for that market as well. I remember reading an article where Bitmain made $3 billion last year so...

https://www.barrons.com/articles/nvidia-this-bitmain-thing-has-morgan-stanley-worried-1522878020


This article released 1h ago is very interesting. Please read it and let me know what you think (not affiliated with any companies or websites involved).

I believe there may be an 'arm's race' of sorts now that Bitmain is actually attracting large attention from TECH GIANTS that appear to be subtlety entering into the space.

Wow that's pretty amazing to be honest. That 1.3 billion dollars could actually be shared across all holders who lost it sounds like. Mark would likely still receive a decent amount, because exchanges take their fees in BTC, so his/MtGox's account would likely have a decent share of the money to claim back.

Let's be honest, he's probably doing this so the Yakuza don't make him disappear 

Please don't tell others how and when their questions have been answered and to lock their threads. That's for them to decide. As well, the question hasn't been even close to answered. It's more of a mathematical question of whether or not the incurred fees from multiple trading would net more Bitcoin than just selling it in one stop.

So OP, take the current BTC price of your coins. Multiply it by the number of coins you would get for each trade. (example : You have 10 Ncash which would equal 0.0000397 BTC. If you trade it to ETH you would have 0.0007050 ETH. That much ETH is worth 0.0000394345275 BTC. In this example using current prices, before fees being deducted it would be worth to sell the Ncash because it would return 0.0000002654725 more BTC than if you traded it to ETH and then to BTC (which also would take more in fees).

I mean, what's the problem. Sure banning somebody for something as little as that may not be ideal to everybody, but they have a chat community they want to keep from getting into a huge argument about people being dicks or any other type of thing that can get out of hand and have people just shouting and pissed at each other. Being timed out of a chat for calling everybody dicks unironically is fine...

Move on dude it's not even an issue. Trust me I've been upset over similar things in the past.

ICO are being banned everywhere. Legally put they are in violation of a bunch of securities laws because what they're all trying to do is sell unlicensed securities...

Nobody wants to touch that because it carries wire fraud charges and money laundering or terrorist charges potentially as well.

A big disadvantage is that it is not tied to any commodity. It's value is only realized by its utility, which is the cause for volatility. The amount of energy it takes to produce does not mean it has that much money's worth of value. But it is very useful and the more use it sees then the higher the market cap will need to be to facilitate all the transactions due to it's 21 million coin limit.

Wow, I didn't know he was on the radar of the Feds (SEC) but I did read the article about him charging so much for promotion. Technically these are unregistered securities, so promoting them can get you into a lot of legal trouble with jail time.

I think it will hurt his business now that people know he's a paid shill

There are charts and stochastics that predict overbought and oversold levels. Alone these don't really mean much, but if the collective of traders are all using the same signals and acting on them, then the market will move how the charts show they will. Lately all the coins have been dumping in similar ways, mostly because they're paired to BTC as their value.

That used to be true but with the lightning network now any payment can be made quickly and virtually free. That's why there was such a big push for segwit because it enabled the lightning network to become a reality so Bitcoin could be use for quick transactions at fee rates that are unrivaled.