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5981  Economy / Exchanges / Blockchain Transparency Report - Wash trading by exchanges is rife on: December 16, 2018, 10:21:55 PM
https://www.blockchaintransparency.org

What do you make of this? I'd like to know something about their actual methodology as I can't find mention of it at all. I'm not surprised that many places are doing it. I am surprised at this place claiming some of them are 99% wash trades.

However the places they point out do make sense. I haven't heard of most of the the places they reckon are wash trading, and little mention of others. One of the prime examples is Coinsbank. I genuinely have never come across anyone who uses it or mentions it other than the occasional moan in their dedicated and almost totally dead service thread.

And this is their trusted, or less shit, exchange list - https://www.blockchaintransparency.org/december-2018-rankings
5982  Bitcoin / Press / Re: [2018-12-13] ‘Best Opportunity Of The Year’ to Buy Bitcoin, Says Weiss Ratings on: December 16, 2018, 09:16:57 PM
an advice to buy something during a bear market shows how much you can trust an analyst

Wut? So your preference is to buy at the top again? Many coins are now 95% or more down. If you believe they have a future then these are the times to be buying. You might yet be able to buy for less but all of this year has been a crappier time than round about now. I expect early next year could well be better. I'll leave that to someone else.
5983  Economy / Speculation / Re: Tom Lee's final analysis of the year on: December 16, 2018, 09:04:49 PM
I hope his family is keeping a close eye on him. There's a chance he may self immolate on NYE as this year has been nothing more than a repeated stomping on his willy as he's dug himself deeper and deeper. I like this new 'it's the MARKET that's wrong' approach. It might just pull him back from the edge.
5984  Bitcoin / Press / Re: [2018-12-14]Ukraine Considers Blockchain as an Effective Means of Fighting Corru on: December 16, 2018, 08:40:31 PM
NEM did a demo for the Ukranians the other day shortly before the NEM council elections which concluded a couple of days ago. Funnily enough the NEM council elections proved to be corrupt as fuck with certain figures buying voter registration en masse. Since it was all blockchain based most of them were traced and booted.

Eventually this is going to shake shit up massively. This particular iteration don't look like it's going to do the job though.
5985  Bitcoin / Press / Re: [2018-12-16]Blockchain Payments’ Mass Adoption Is 3-5 Years Away, Says BitPay. . on: December 16, 2018, 04:46:24 PM
BitPay has been pretty active lately with predictions and statements. It's funny how they talk about mass adoption of crypto currencies but do everything they can to not list more coins to their service.

And the one coin they do favour has just turned into two even shittier coins.

I can understand why they got annoyed with BTC. I don't think that necessitates their relentless trolling of it along with refusing Segwit and those stupid messages talking about low fees. I guess that was under Bitmain's orders.

It's rather pitiful that the two biggest players, Bitpay and Coinbase - though Coinbase seem to largely have committed suicide in payment processing - are also two of Bitcoin's biggest detractors.
5986  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2018, 04:35:43 PM
It's a merchant. I can pay by bank transfer, which I imagine will be slow and expensive, or by Bitcoin, with a nice 70% surcharge. I feel like I'm being bullshitted with bitcoin, though.

I guess it's more hassle than it used to be, certainly not 70% more hassle though. If they're advertising a Bitcoin option presumably they have a P2P option set up to get rid of it.

The price on there is within 5% of the exchanges elsewhere - https://localbitcoins.com/country/CN
5987  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2018, 04:31:22 PM
Yep Grin
Btw, I should probably ask, what is a crypto winter? I assumed it was just another term for bear market, but idk, and you’re a legendary member, so maybe you’d know?  Cheesy

I'd say it's the wasteland following a bear market where price doesn't budge for what feels like forever. Look to the seemingly eternal $200-250 phase after the low was in in January 2015. It probably wasn't all that long in retrospect.

It seems to be when many projects and hopes die. The beary bit is still filled with delusion.
5988  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2018, 04:28:50 PM
Partially related: how or how much is bitcoin banned in China? I've been offered bitcoin payments with outrageous fees, about 70% of the effective amount. The guy there says it's because of the ban.

It's not banned in the slightest. Centralised trading and merchant use certainly has been. Everyone's doing P2P or OTC happily enough as far as I know.

Where's this fee being applied?
5989  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2018, 04:23:54 PM
I honestly don’t know, but I feel like this owl right now..

Some day it'll be back to this.




I guess you need to talk to toknormal then. I do some shitcoins... but I wouldn't touch that one with 10 foot pole. Maybe it's just me.

No. It's me as well. I'll stick with my existing shit. I was wondering why no volume is a virtue.
5990  Bitcoin / Legal / Re: Indian Government panel finally submits crypto report on 12/11 on: December 16, 2018, 04:20:22 PM
The Indian government has proven to be consistently protectionist, crude, abusive and short sighted when it comes to monetary policy. I can't see that changing. If crypto ever got proper traction there they'd do their best to squash it flat.
5991  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2018, 04:16:01 PM

I was talking about that coin. I'm not interested in bottoms. I've got one of them myself somewhere.
5992  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2018, 04:09:10 PM
One special thing about UNO is that the daily volume is around $6000.... There are very few shitcoins that haven't been unlisted with such low volume. It's definitely a rarity.

https://coinmarketcap.com/currencies/unobtanium/

Um, you got anything a bit more compelling to get me to thicken and engorge?
5993  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mining vs Buying on: December 16, 2018, 01:19:08 PM
Cloud miners are almost all ponzi schemes.

Even if they did actually own machines, if professional industrial miners can't turn a profit with their vast economies of scale and special power deals how can someone who doesn't have any of that and has to make two profits, yours and theirs, do it?

As for going into real mining, here is something I have never seen written on here - I am so pleased I chose to spend all of my money on electricity, premises and mining machines instead of just buying BTC.
5994  Economy / Economics / Re: The rich poorest country on: December 16, 2018, 12:56:06 PM
Regardless what one's economical condition is, there's always a way to live a fulfilled and meaningful life.

I'm sure all the cannibals amongst us are nodding along with tears of recognition in their eyes.

I doubt limp wristed platitudes will mean very much if you're scraping along the bottom with no end in sight.


By what can be read on internet, one altcoin is especially popular in Venezuela and it is DASH. One article from 5 months ago writes that over 540 merchants adopted DASH at that time, probably this number is even bigger today.

Exclusive: Dash [DASH] is now a Venezuela favorite, traders call it ‘an innovation’


Dash paid their way into relevance there. If I were in charge of a currency that's one place I would not dabble in.

5995  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2018, 12:28:41 PM
Does anyone know when bitcointalk.org was created?

I did a whois and it shows 2011 but I remember being here in 2010.

https://bitcointalk.org/index.php?topic=5.msg28#msg28
5996  Economy / Speculation / Re: Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire on: December 16, 2018, 12:18:37 AM
I bet you do - you probably think he has a real purty mouth....

What odd things people here fixate on.

I wonder what their feelings are about shutting down Circle's retail operation before it had a chance to make any money.

Their primary focus is on 'tokenising everything' which won't have much to do with BTC. It's still a bit more positive than statements he's made in the past.
5997  Economy / Speculation / Re: What if bitcoin crashes to $1 overnight? on: December 15, 2018, 10:34:13 PM
It would absolutely be possible if there was only one place to trade it that got rinsed out. And indeed the equivalent did happen with Mt Gox with a bug that allowed a hacker to drive the price to fractions of a cent in a few hours until trades were frozen. Since there are now loads of places that's a non goer these days.

The only realistic scenario is the complete and utter breaking of every aspect of how it operates with no possibility of a hard fork to fix it. That's effectively ludicirous. These days traders are so stupid they'd continue trading it even if it was an unusable wreck anyway.


So what do you call what happened to BitConnect? From 430$ per coin down to .67$.

Do you actually know anything about Bitconnect?
5998  Bitcoin / Bitcoin Discussion / Re: If you were in charge of Bitcoin 2.0 what would you change? on: December 15, 2018, 08:06:55 PM
Satoshis are the base unit of Bitcoin, if you look at raw transactions, the amounts are represented in satoshis - on a protocol level there's no other units. 1 Bitcoin  = 100mil satoshis is just what your wallet displays for convenience, and it's trivial to implement any other units. Electrum has an option for displaying milibitcoins.

Then I should've rephrased that as prime reference unit.

It's too late now for enough people to agree to start dicking around with decimal points. For some reason stating that unit bias is a thing has always been shat on here. I disagree. I've seen it endlessly in the real world.
5999  Bitcoin / Bitcoin Discussion / Re: If you were in charge of Bitcoin 2.0 what would you change? on: December 15, 2018, 07:56:29 PM
If I were Satoshi 2.0, I would ensure that further fork of Bitcoin doesn't happen anymore. I know early adopters of bitcoin won't like my side of wishful thinking as that would prevent them from coming into unplanned wealth which forks have always provided for them.

If something is open source then it's forkable. That's how it works. If Bitcoin had been closed source we wouldn't be here today because people wouldn't have paid it the slightest attention. All forks do is prove that you can't replicate the trust and history that Bitcoin has earned.
6000  Bitcoin / Bitcoin Discussion / Re: If you were in charge of Bitcoin 2.0 what would you change? on: December 15, 2018, 07:45:55 PM
I'm too technically disabled to make an informed comment on this but if I were planning something -

If I were truly committed to it being used as an actual currency I would've gone for XMR's ongoing trickle of inflation. Human nature won't change and people will hoard something that deflates. That also clears up any doubts about the end of the block reward.

I would've started off with Satoshis as the base unit, or units made up of 100 Satoshis. I know unit bias is stupid. People are stupid.

I'll leave all the other aspects to better educated people.



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