The entire cryptocurrency ecosystem deserves a hard reset at this point. I would almost welcome a crypto winter. 

I have just blown the princely sum of 0.01 BTC on a test run of Raiblocks which I am told is the future of crypto.

So far:

1.  Every time I try to open the Raiwallet I have to recover from seed because Raiwallet throws an error.

2. I can’t withdraw my 1 Raiblock worth US$25 from Bitgrail because their node keeps crashing so I can’t send it to my Raiwallet.

3.  You can’t send any amount less than 1 Raiblock to Bitgrail as an anti-spam measure.  This is for a DAG technology that supposedly can handle 2,500 tps?!

4. I can’t withdraw my remaining 0.0082 BTC from Bitgrail for no reason whatsoever? Exit scam?

This is the 17th highest ranked crypto on Coinmarket cap and it seems to be a fucking mess.  If this is the future of crypto, I want no part in it.

I have decided that Ripple is an attack on Bitcoin the same as Bcash.  They are trying to scare holders into selling by wash trading an appearance of a Flippening with a centrally controlled shitcoin. Don’t fall for it.

Or the miners attack Bitcoin in a substantial way.

So only 50 billion? WOW SUCH CRYPTO

Edit:   I just fact checked.  XRP has a total supply of 100 billion. XLM has a total supply of 103 billion. That does it.    I’m never going to trust a random shill again. 

It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.  

Notice how everyone has forgotten about Bcash?

So enlighten us Roach with your considered views on Monero.

I wouldn’t be surprised if Roach came out in favor of XRP. He’s a lunatic in every other sense.


Maybe we should tell him it’s backed by gold.

Up 40% today.  Hard to resist that. Put on a long trailing stop and hang on.

You can’t look at BTC/ USD order books in isolation.  You have to consider the size of the entire crypto market which is rapidly ballooning.  A large portion of the XRP market cap could easily FOMO into BTC.

The entire crypto market dropped when we jumped from $14k to $15k which as we both know is nothing.

Turns out the stupid Garzik fork is measured by block height on the UB block chain not the BTC block chain. So still 100 or so blocks to go

If anyone has any insights into conversion of BTC to sBTC (RSK token) and vice versa please share. The white paper says it will be value pegged but I am not so sure of that.

RSK announcement coming tomorrow.  RSK is a sidechain of Bitcoin (convert Bitcoins to RSK tokens and vice versa).

Holy mother of god:  100 tps (scalable to 1,000 tps).

Currently Bitcoin is only about 7tps.  This is like Bitcoin getting Segwit 14x.  

VERY BULLISH

White paper:  https://uploads.strikinglycdn.com/files/ec5278f8-218c-407a-af3c-ab71a910246d/RSK%20White%20Paper%20-%20Overview.pdf

The UB block explorer is showing my addresses as empty. Maybe the Phase 2 distribution has not been carried out even though Phase 2 is now over.

So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins.  Any address which has not sent coins is counted as “inactive”.

But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.  

Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.  

Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....

https://www.electrumdiamond.org

I haven’t tried it.  Could be a scam. 

I used this article to sweep private keys for Bitcoin Gold using IOS.   No need to buy an Android phone to get Coinomi.

Obviously move your BTC first.

https://medium.com/@SimonEast/how-to-sweep-bitcoin-gold-btg-from-a-paper-wallet-using-ios-86010fa208de

It’s taken over an hour for 1 block on Bitcoin Gold!  Mediocre!  

And number of transactions in that hour long block?  142