any opinion to share on the status of LN hubs as money transmitters under FinCEN regulatory requirements?
While I think the Lightning network holds promise. I think it will be regulated and centralized. Just like exchanges. Perhaps this is it's Achilles heel. LN networks will be subject to KYC and AML laws not just in the US. You won’t store real value on LN just lunch money. Real value will still be done on the main chain. I think the real issue is licensing of Bitmain under FINCEN as the controller of Bcash. |
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I'm going to start to panic soon. I don't like it when Bitcoin goes down a lot, then doesn't come right back up.
Don’t be daft, we are still above last week’s price. |
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I just love diversification and playing the game also it makes life more interesting.
It’s great to play the game with lunch money but I’m not putting my retirement funds in it. |
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Just bought more BCH and LTC. I have plenty of BTC and other alts. First time my BTC stash is under 40% of my crypto holdings. I'm all about diversification...
At this stage there are more old school bitcoiners that sank their battleship in shit coins than there are old schoolers left. You have the goose that lays the golden egg and you are willingly giving it up. Not a smart idea. The internet is a winner takes all economy. You can't see into the future so I don't know how you can claim it's not a smart idea. So far it has worked out and if I exchange my alts back to BTC I'd have more BTC. Diversifying is not only smart. It is usually more profitable. Get with the program. I have insurance, which is mostly Monero and ETH and less than 10% of my portfolio. This protects me in case of a wipe out event in Bitcoin (which would be recovered in any event by the dev team as the stakes are too high). But we both know that when the first Bitcoin ETF is announced early next year, Bitcoin will go vertical and your BTC/Alt pairs will collapse, including my Monero and ETH pairs. Don’t confuse blowing your portfolio on shit coins with insurance. Insurance is an expense, not an investment. |
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Just bought more BCH and LTC. I have plenty of BTC and other alts. First time my BTC stash is under 40% of my crypto holdings. I'm all about diversification...
At this stage there are more old school bitcoiners that sank their battleship in shit coins than there are old schoolers left. You have the goose that lays the golden egg and you are willingly giving it up. Not a smart idea. The internet is a winner takes all economy. |
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Peter - answer the question: who does Jihan Wu report to?
Putin! No, wait, that's Vitalik... Jihan Wu controls Bcash. There is a Chinese Communist Party member on Bitmain’s board of supervisors. Why don’t you Bcash shills do a little research into who really controls your coin. I suspect there may be legislation in China that requires that every China-based company to have a Chinese Communist Party member on their board. This is true in Malaysia, where every company owner is required to have a Malay member in their company, even though the owner may be Chinese Malaysian. Unfair, but that's the law there. Correct. 10 points. The reason those Communist Party members sit on the board is to ensure that the objectives of the company are harmonious with the objectives of the Party, and the Chinese State more generally. As it is a Board of Supervisors, they have the power to remove and replace all members of management. Meaning they can dismiss Jihan Wu from his position at any time. And Jihan Wu notionally controls Bcash, which is a centrally controlled coin. Why don’t you let that sink in a little bit. |
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Peter - answer the question: who does Jihan Wu report to?
Putin! No, wait, that's Vitalik... Jihan Wu notionally controls Bcash. But there is a Chinese Communist Party member on Bitmain’s board of supervisors. Why don’t you Bcash shills do a little research into who really controls your coin. |
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Peter - answer the question: who does Jihan Wu report to?
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Hey seeing as all the Bcash experts are here, I have a question for you.
What is the name of Jihan’s boss ?
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ABC node distribution  |
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Masterluc recently posted. https://vk.com/bitcoin_vangaRough Translation: I warn again. All alts - the bottom. This is an axiom. Any kamenty with tricky alt spam, and especially bikesh and kefir (ICO) - lead to a ruthless ban in the community.
Here the genocide of the Ver and Vitalik tribes takes place. We humiliate their human dignity. Here they are allowed to cocksuck. The Ver clan has a business news network behind it. Hard competition that. No. Not compared to the bitcoin network. |
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Ripple was being discussed a few pages back.
The big banks are interested in smart contracts and distributed ledger for back office functions. They don’t give a shit about Ripple. If they want an interbank crypto network they will just build their own. So don’t fall into the Ripple hype train (quite apart from it being a massive pre-mine scam).
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YESSSS
$$$$
20k at Christmas
25k after Hard Fork dec/28
Why would someone choose to do a fork precisely at the Day of the Holy Innocents?? More fuel to the already big shitshow. On second thought I think that in USA its (4) April's fools day, isn't? It’s all part of the Big Xmas FUD party. All the whales are going, are you? |
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Can’t bring myself to look at the price. Am I still rich after Roger’s antics?
As poor/rich as yesterday? |
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When is it anticipated that all the bull shit spam transactions will stop? Over 248k unconfirmed transactions is ridiculous, I haven’t checked but I assume a massive % of those are spam.
You should assume never. Bitcoin will always be under attack. But Bitcoin is anti-fragile and attacking it always makes it stronger in the long run. |
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Fees are calculated per byte not per transaction so a miner is notionally indifferent to mining 5 normal or 10 Segwit transactions. In reality I suspect that miners are anti-Segwit because less congestion would be less fees.
Yes, are calculated per byte, and Segwit tx's use less bytes (of the first MB) so they could stuff much more tx's in a block.... unless there is not enough segwit tx's in the mempool, which I don't think that's the case. Of course, if they were doing that the mempool would be cleared soon (at least for segwit tx's, which is user's choice), the fee rates would drop dramatically and miners would earn much less from fees. That's why I have always said that smaller blocks benefit miners more than anyone else. Unless your end game is a centrally controlled China coin. In which case, the bigger the better ! I love how all the Bcash shills are basically Jihan’s pawns. Most of them don’t even realize it. Others know but don’t care because they are just talking their book. |
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This is the power of the 1 MB blocksize. We can see all the 1 Satoshi spam transactions being dumped by the mem pool in the chart below. Bitcoin is autonomously defending itself by design. If we had 8 MB blocks, the blockchain could not defend itself.  |
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Fees are calculated per byte not per transaction so a miner is notionally indifferent to mining 5 normal or 10 Segwit transactions. In reality I suspect that miners are anti-Segwit because less congestion would be less fees.
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Thank you Jay for taking one for the team. We won’t forget!
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I’m starting to see some pressure on alts as BTC recovers. The real question is how far Bcash will slide in the next 8 hours and whether they let it rest for a bit. My guess is that the whales will go quiet and then have a special Xmas surprise in store.
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