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6361  Economy / Gambling discussion / Re: The UFC Info and Prediction Thread on: September 15, 2019, 12:49:37 AM
@eaLiTy. Cowboy is also weak versus body punches and kicks. I predict that Justin Gaethje will begin the fight with strong leg kicks and punches to the body to weaken Cowboy and might win in the 1st round or in the beginning of the 2nd round by knockout or technical knockout.

Cowboy might be prepared for this, however, and he might try to take the fight to 5 rounds where Justin weakens. But how can he defend Justin's attacks for 3 or 4 rounds? Maybe running hehehehe.
6362  Bitcoin / Press / Re: [2019-05-21] Bitfinex Argues Why Judge Should Dismiss NYAG Case in Latest Case on: September 15, 2019, 12:31:21 AM
@gentlemand. How would the hackers exploit it? Tether is centralized. It can declare that they will not honor the value of the tokens of any wallet in anytime they want.
6363  Alternate cryptocurrencies / Altcoin Discussion / Re: ❓❓❓ What the heck is Ethereum 2.0 anyway ❓❓❓ on: September 14, 2019, 04:49:25 AM
What are the disadvantages of switching from PoW to PoS ?
I'm asking this, so that we can have an objective discussion.

Also, is it an upgrade or a reboot of the platform? It appears Vitalik created a new platform and called it Ethereum 2.0. Is it his acknowledgement that Ethereum 1.0 has failed?

Serenity exists as a wholly new chain alongside the current chain. As we mentioned above, they will use Casper FFG to ease up the transition from Eth1 to Eth2 by overlaying it top of the existing network as an additional layer. You can read more about the technique they use at Ethhub.

Vitalik says that the transition to Eth2 is a way to bring technical improvements. It tends to fix the various problems highlighted by Ethereum 1.0 (Scalabity, Security and Decentralization etc).

Wait. Just try to make it clear. So they just add Casper as an overlay to the existing proof of work system right?

Yes that's true. Casper FFG is a proof of stake-based finality protocol which overlays an existing proof of work blockchain. It's a partial consensus mechanism combining proof of stake algorithm research and Byzantine fault tolerant consensus theory to provide additional protections against block reversions. Basically, Casper FFG is designed to implement POS and mitigate the “Nothing at Stake” problem.

I reckon that using the word overlay is a trick to cover the truth that Ethereum 2.0 is a reboot of the Ethereum 1.0 blockchain. It is a new platform where the users will migrate their coins through a smart contract. It is similar to burning your coins in the old blockchain to receive the new coins in the new blockchain. This is not what you call an overlay.

The developers also make it appear to be interested in a 2way bridge to make it appear like an overlay.
6364  Bitcoin / Press / Re: [2019-05-21] Bitfinex Argues Why Judge Should Dismiss NYAG Case in Latest Case on: September 14, 2019, 04:32:41 AM
@squatter. However, Tether is centralized and backed with assets in their vaults. USDT and CNHT might not need the security that the bitcoin and the Ethereum blockchains offer, I reckon.
6365  Economy / Speculation / Re: Bitcoin Price Could Surpass $15,000 This Week: Max Keiser on: September 14, 2019, 03:27:00 AM
~
Agreed. Tom Lee is the funniest because he appears to be the most desperate. He might have more than $100 million of investors' money on bitcoin that went in late. What if his $14,000 fair value for bitcoin is the breakeven of the investment hehehe?

that is what the "brokers" have been traditionally doing for years. they always tell their investors not to pull out of the market because them keeping their money in will give these "brokers" who have nothing at risk a lot of commissions. that is why Lee has been assuring his newbie investors that price is going to a new ATH all through 2018 during the drops, basically every day!

Tom Lee the bagholder hehehe? Listening to him is similar to listening to the altcoin and ICO token bagholders who hype in the altcoin subforum. Similar patterns and similar ways of speaking.

It is also very amusing how the people react to him hehe.
6366  Economy / Speculation / Re: Bitcoin Price Could Surpass $15,000 This Week: Max Keiser on: September 13, 2019, 03:36:44 AM
Which character does the forum consider more of a joker? Tom Lee or Max Keiser?

Definitely Tom Lee is the most funny, in the last months he has been avoiding make many predictions. did he finally realize that he's failing a lot?

However, Max Keiser is very annoying for me. What does he want to be? A bitcoin influencer?

they are called: " bitcoin bull "

Max Keiser Sets $28,000 Bitcoin Price Target as Market Falters

This time he has not set a specific date for the price to reach this value, so no one will charge him anything

Agreed. Tom Lee is the funniest because he appears to be the most desperate. He might have more than $100 million of investors' money on bitcoin that went in late. What if his $14,000 fair value for bitcoin is the breakeven of the investment hehehe?
6367  Economy / Gambling discussion / Re: The UFC Info and Prediction Thread on: September 13, 2019, 03:11:30 AM
Glover still fighting huh? He still hungry for that belt.


Khabib will meet his match. Maybe his is the king in his division for now, but there will be a time that someone will dethrone him in the 155 division.
He will if he does not retire early or if he does not choose/avoid his opponent later on. 

Discipline, Respect and Skills, put them all together and you have an undefeated fighter.
You can also add tough chin (at the moment) in there. He has been hit hard a few times but his chin held up. There will come a time where he will lose it and will be knocked out.

Khabib's chin was never tested by Dustin. He tried on the 2nd round, but he did not have a strong convincing punch on Khabib's head.

Also, Dustin appeared to be weaker than his fights before this. It might be the heat.
6368  Bitcoin / Bitcoin Discussion / Re: [2019-09-10] CNBC’s Ran NeuNer Nails One of Crypto’s Biggest Flaws on: September 13, 2019, 02:55:06 AM
It all boils down to this:

How much knowledge do you need?

If you can explain to someone how to send and receive a Bitcoin transaction, then they already know as much as they do about fiat.  That gets us about halfway there.  Then you have to explain security, backups and personal responsibility, which might take a bit longer.  Emphasise the part about how there's no one who can intervene to cancel or refund a transaction for them and you're pretty much done.

How is any of that difficult to explain?

Agreed. It is similar to saying that people should be careful on taking loans from banks because the fractional banking system takes more than 1 hour to explain.

However, people should be careful taking loans from banks because of the fractional banking system heheheeh.
6369  Bitcoin / Press / Re: [2019-05-21] Bitfinex Argues Why Judge Should Dismiss NYAG Case in Latest Case on: September 13, 2019, 02:39:27 AM
@gentlemand. Only 2 days after I mentioned it, some worries about Tether's congestion of the Ethereum blockchain has begun.

I predict that Tether might transfer to another blockchain or Vitalik might rush Ethereum 2.0 and create a broken platform. This might be good news for Ethereum Classic hehe.



Tether transactions are currently clogging up the Ethereum Network reigniting the debate over gas limits. The issue might become further exacerbated with Tether’s latest stablecoin launch — a Chinese yuan-pegged ERC-20 token which will run on Ethereum’s blockchain.

There are complaints on Reddit from Ethereum users about delays in their transactions. According to reports, Tether transactions are the reason for the buildup of unconfirmed transactions on the network.
Trustnodes reports that Tether is using up close to half of the computing potential on the network. Data from CoinMarketCap shows daily ETH trading at about $6.5 billion but Tether’s USDT stablecoin transfers top $16 billion per day.

There is however, no clear reason for the sudden strain being put on the network by Tether transactions. Back in 2018, the network could handle more 1.4 million on-chain transactions per day but now is becoming congested with 50 percent of the transaction load.

In July 2019, Binance did state that they would drop Omni-based USDT in favor of the ERC20 USDT counterpart. Tether accounts for a significant portion of the global cryptocurrency trade, providing liquidity for exchanges who otherwise cannot transact in U.S. dollars.

Data from Ethereum network monitoring platform Etherscan shows Tether pushing through more than 100,000 on-chain transactions in a little under an eight-hour period.

With the launch of a new yuan-pegged Tether stablecoin running on Ethereum, the network may become even more clogged. Tether in recent months has proven to be a useful conduit for trade between Russia and China.


Source https://btcmanager.com/tether-transactions-ethereum-network/?q=/tether-transactions-ethereum-network/&q=/tether-transactions-ethereum-network/
6370  Alternate cryptocurrencies / Altcoin Discussion / Re: ❓❓❓ What the heck is Ethereum 2.0 anyway ❓❓❓ on: September 12, 2019, 04:02:56 AM
What are the disadvantages of switching from PoW to PoS ?
I'm asking this, so that we can have an objective discussion.

Also, is it an upgrade or a reboot of the platform? It appears Vitalik created a new platform and called it Ethereum 2.0. Is it his acknowledgement that Ethereum 1.0 has failed?
6371  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [news] Will Altcoins Ever See an Increase? Analyzing the Altcoin Market Cap on: September 12, 2019, 03:17:35 AM
actually the problem is not with what they use, the problem is with trying to analyze something that has no logic behind it because it moves based on manipulation. and obviously when it is based on market capitalization it must be wrong!

the fact is, many altcoins are still at a price that is a lot higher than their intrinsic values. that means they are still in bubbles and bubbles first have to burst before the market can even begin the recovery process.
on top of that, as i said in another topic the newbie money is not yet in market to help pumper pump the altcoins so we can't expect any kind of "recovery" any time soon.

I reckon that websites similar to coinmarketcap.com and tradingview should create proper indexes. They cannot group everything together and expect the charts to be a correct representation of the altcoin market.
6372  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: September 12, 2019, 02:20:00 AM
Has anyone created a chart for Grin's hashrate with the correct information finally? Different websites have different hashrates.

@polylogic. Agreed. Wait for $0.50.
6373  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: September 12, 2019, 01:36:33 AM
@Hueristic. I am not afraid of infinite. It is a fix on bitcoin's moon math and it will stop any advantages for early investors.

@mindtrust. You need to read Grin's monetary policy to understand. Its emission will be similar to bitcoin's emission of today after 10 years.
6374  Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years on: September 11, 2019, 03:24:03 AM
what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins.

We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof?


However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe.

Agree, with the condition that almost all altcoin is utility token that cannot be used yet, maybe 99% of the ICO will be forgotten and may not be traded in the market anymore. Such a possibility could occur because of the slow adoption of cryptocurrency, besides that many ICOs failed to reach the roadmap that they made themselves

It is not only that. ICOs do their development similar to a startup. Where would they be after spending all of their ICO funds? How would they continue the project? Dump their share of the tokens hehehehe.

They have lost the principles of opensource development.
6375  Economy / Gambling / Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site on: September 11, 2019, 02:58:29 AM
@bbc.reporter - We've been following the various CSW litigations with interest, and though there some really interesting propositions flying around - such as Peter McCormack's - we aren't in a position right now to offer a market for any of them.

Out of interest, would you take 2/1 on those coins being moved by CSW within 1 year? Or assuming a fair market (no margin) the inverse would be 1/2 they stay put, so a 50% return on investment.

My answer would be no. Peter McCormack is offering very small odds. I reckon the chance that those coins would move is very miniscule. The odds should be x100, however if I was a sportsbook, x25 hehehe.
6376  Bitcoin / Press / Re: [2019-05-21] Bitfinex Argues Why Judge Should Dismiss NYAG Case in Latest Case on: September 11, 2019, 02:35:39 AM
@gentlemand. The skeptical me would say that this is Bitfinex's tactic of bringing themselves in trouble to create a reason to exit scam.

However, if I was an adviser for the PBOC, I would tell them to force 1 billion Chinese people to use CNHT everyday to congest the Ethereum blockchain and offer PBOC's digital coin as a solution hehehe.
6377  Bitcoin / Bitcoin Discussion / Re: [2019-09-10] CNBC’s Ran NeuNer Nails One of Crypto’s Biggest Flaws on: September 11, 2019, 02:09:35 AM
So, ask yourself this question... does the average person on the street know how the Fiat system work? People I have spoken too, still thought that every Dollar bill was backed by Gold and that Gold gave Fiat currencies it's value. They still used Fiat currencies, even if they did not know how it worked and after I told them that it was not backed by Gold, they continued using it. <People simply do not care, they just want it to work>  Wink

Let's take it one step further, do people know how governments and Banks are manipulating Fiat currency value? Do they know how the value of their Fiat currency is dropping over time? <buying power>  Roll Eyes

Agreed! The people shold know that it already works as a form of currency. However, if they want to learn more, it should take more than 1 hour. This is not a flaw.

Schools have whole courses only to study fiat banking systems. Why not bitcoin?
6378  Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years on: September 10, 2019, 04:46:24 AM
what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins.

We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof?


However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe.
6379  Bitcoin / Press / Re: [2019-05-21] Bitfinex Argues Why Judge Should Dismiss NYAG Case in Latest Case on: September 10, 2019, 04:15:43 AM
It appears that Bitfinex is ready to annoy another regulator. This time it is China's PBOC hehehe.

I shake my head at this and I am afraid that it might be the cause of something very bad for the cryptospace.



The Hong Kong company said in a short blog post that the new stablecoin, known as CNHT, would be pegged one-to-one to the offshore Chinese yuan. Like its popular stablecoin USDT, which is backed by the US dollar, CNHT would be issued as an ERC20 token atop the Ethereum blockchain.

The announcement follows years of debate about the correlation between the Chinese yuan and bitcoin. Many analysts believe that investors in China use bitcoin as a tool against state-imposed capital controls. And a depreciating value of yuan has prompted a majority of them to dump their yuan or yuan-based assets for bitcoin.

Tether appears to be cashing-in on the sentiment as worries over a gloomy economy – majorly led by the ongoing US-China trade dispute – sends investors fleeing towards safe-haven assets. CNHT promises to remove the necessity of exchanging yuan every time one feels the need to purchase or sell bitcoins. It could offer smooth liquidity between the two currencies, given investors trust Tether for maintaining that 1:1 stablecoin peg to yuan.

With the launch of CNHT, Tether is attempting to take on China by its collars as the latter plans to go ahead with the launch of its PBoC-backed digital yuan. A source close to the Block said Tether’s little stunt could overall hamper the cryptocurrency industry in China, given the country’s regulators would do everything to curb CNHT’s growth.


Read in full https://bitcoinist.com/tether-launches-digital-yuan-before-pboc/
6380  Economy / Speculation / Re: SEC delays decision on ETF again on: September 10, 2019, 03:57:00 AM
I reckon bitcoin sportsbooks should begin offering odds on whether there will be an ETF approval or another delay hehehe. However, it might be another delay. The SEC chairman has raised concerns that might not be fixed within 10 years.



Still, concerns hang over the decision to approve such a product. During the interview, Clayton raised those concerns, noting the lack of a proper crypto custody provider and the threat of price manipulation on unregulated exchanges. That's despite a number of new custody providers coming online this year, including Fidelity's new custody business and San Francisco-based Anchorage, and efforts to expose wash trading on certain exchanges.

Clayton's comments come just a few weeks before the final deadline for two ETF proposal, Bitwise and VanEck/Soldix, are decided on. On October 13 and October 18, the SEC will decide whether to approve Bitwise's and VanEck's proposal, respectively.


Read in full https://www.theblockcrypto.com/linked/39008/sec-chair-clayton-theres-work-left-to-be-done-on-bitcoin-etf/
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