Just bought @ 14700ish. Let’s see if I regret this.
Edit: yup went too early. Bugger. Lesson learned.
Short term dip likely. Bet it recovers before i to to bed. That's... 5 hours? Ok, before i wake up... Yes the velocity is too high. It will bounce. |
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Did anything happen?
No it’s just honey badger scratching his balls. |
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Just bought @ 14700ish. Let’s see if I regret this.
Edit: yup went too early. Lesson learned.
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Bitcoin Cash taking a hammering in run up to the fork. Let’s all be wary of a snap back immediately post fork.
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so guys
I just spent over 2 hours learning about hashgraph. I am not shilling for anything, in fact I'm not even sure there is a way to "get in" on it. They DO NOT have an ICO. It looks like they are doing some really innovative platform/protocol work to build scaleable, secure, fair ledgers.
I seems to me that one of the founding tenets of the small block philosophy is the acceptance that bitcoin can not be all things to all people. We will need robust real time ledgers for a multitude of uses, economic transactions being just one.
Not even going to link...not shilling...advising that it may be worth a look.
There is no mining. Which tells me that the network is vulnerable to Sybil attacks because there is no cost to massive spam. I have an open mind but would like to know how Iota deals with spam attacks. it's a pretty deep dive Hmm. I read that and the IOTA white paper (which is also a hashgraph / Directed Acrylic Graph). I think the answers are unsatisfactory. On Sybil attacks the Iota white paper says Sybil attacks will succeed until there is a plurality of honest actors. This is the killer quote on page 19. This indicates the need for additional security measures, such as checkpoints, during the early days of a tangle-based system. Pretty much an admission they have not solved for Sybil attacks. Bitcoin has the same problem but Sybil attacks come at a horrific cost due to proof of work. A hashgraph without proof of work has no such protection. I will stay away until I come across an approach that seems to resolve this issue. |
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And may the odds ever be in your favor
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so guys
I just spent over 2 hours learning about hashgraph. I am not shilling for anything, in fact I'm not even sure there is a way to "get in" on it. They DO NOT have an ICO. It looks like they are doing some really innovative platform/protocol work to build scaleable, secure, fair ledgers.
I seems to me that one of the founding tenets of the small block philosophy is the acceptance that bitcoin can not be all things to all people. We will need robust real time ledgers for a multitude of uses, economic transactions being just one.
Not even going to link...not shilling...advising that it may be worth a look.
There is no mining. Which tells me that the network is vulnerable to Sybil attacks because there is no cost to massive spam. I have an open mind but would like to know how Iota deals with spam attacks. |
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I didn’t say I wasn’t getting back in today. Am tempted to do so right now but will wait a bit longer.
And let’s be clear, over 95% of my portfolio is hodl. This is just fun. It is a challenge to myself to see if I can beat buy and hold ROI over an extended period. And I have no confidence in my ability to actually pull it off.
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Why is anyone suprised? I made the announcement that there would be a top at 16,000. Therefore it should be completely expected and there should be no discussion here. Just a bunch of blank pages.
I got out at $16,200 with my day tard stash because I was listening 
The rest of you, stop taking obvious troll bait. |
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The post about needing to be on certain exchanges to get B2X coins came from me. I deleted it because i think I got it wrong (the website was confusingly worded). They have now reworded the website to make clear cold wallet holders get an allocation.
Of course this doesn’t preclude some stupid rule like Garzik you need to send the coins to yourself in a 30 day period but we won’t tell you until the 30days has already passed.
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Hmm 1. Bitcoin price falling - tick 2. Non-organic mem pool growth in under 10 sats - tick 3. 2x fork - 200 blocks away so no tick 4. Bcash pump - no tick So some of the building blocks in place but missing a few key ingredients  |
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I am the watcher on the walls. I am the shield that guards the realms of men. I pledge my life and honor to the Night's Watch, for this night and all the nights to come.
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So where is this candle going to top out?
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"CCMF. The train is being loaded directly onto the rocket. We have liftoff. Fasten your seatbelt" *drum and bass music plays*
Premature. |
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They are running ads. Which has pushed the price of futures up to $260. Which is amusing.
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Is Bithumb always so over priced? I want in on some of those 20k coins.
Good luck getting your fiat back out of Korea. |
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Seeing as Jbreher won’t accept that Jihan Wu runs Bitcoin ABC, then I am done.
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I will simplify my argument down to a single point, mostly because I am on mobile. Bcash has a single point of failure which is Jihan Wu, writing using the royal “we” below. This is demonstrated by the manner in which the DAA was hand picked by Jihan. The other wallet providers are merely Sybils, as evidenced by the fact they had no input into the decision. The original Bitcoin Cash “EDA” allowed Bitcoin Cash to survive as a minority chain but produces wild fluctuations of hashrate. This is problematic because it prevents consistently fast confirmations for users, and radically shifts the coin issuance schedule.
Several proposals to improve the DAA were put forth We appreciate these proposals and have reviewed them all. After careful consideration, we have made the decision to implement a proposal from Bitcoin ABC lead developer Amaury Sechet (more details on this proposal below).
Our decision to choose one specific proposal was not easy, because Bitcoin Cash has several independent development teams, and there was a great deal of deliberation between developers from the different groups.
We have the utmost respect for the all developers involved in the discussions, but only one algorithm could be chosen, and a timely decision was required.
[snip]
Bitcoin ABC will take steps to contact major exchanges and wallet providers. All assistance in this effort is welcome. You can help by contacting exchanges, wallet providers, and other ecosystem participants, and letting them know they should upgrade their software or run an updated version of Bitcoin ABC or other compatible software.
Source: https://www.bitcoinabc.org/november |
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Bcash is controlled by a single person
false and has almost zero independent nodes.
false It is wholly centralized and can be taken out by the Chinese government at any moment.
No more so than Bitcoin Segwit. 1. Jihan Wu personally selected the EDA fix from five proposals. He said so himself. I can’t currently find the link. Perhaps someone else can. 2. Bitcoin ABC nodes run almost exclusively on cloud servers. Over 50% are on Alibaba servers alone. The 2X email list is full of exhortations for members to spin up additional Sybil nodes. https://goo.gl/images/NT1gto3. The fact that the code base is controlled by Jihan Wu, and the complete lack of independent nodes means that Jihan Wu can easily be leaned on by the Chinese State to do anything they want with Bcash. Roger Ver has repeatedly said that “non-mining nodes only get in the way”. 4. You have not addressed the issue that if Bitcoin increased its block size, the blocks would almost immediately be full again with no net reduction in congestion. I invite you to answer the points above with more detail than just “false”. |
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^^^ To add to the above, the complete pointlessness of increasing block size when those larger blocks will immediately be filled again and congestion will be just as bad as before. https://en.m.wikipedia.org/wiki/Lewis–Mogridge_PositionWhy do you insist on a solution that is doomed to fail? |
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