... It's not the first time that BCH has increased significantly at cost of Bitcoin, and it won't be the last time. ...
Iīm not so sure, this could actually have been the last Bitcoin Cash pump in order to fool newbies into buying this altcoin. In order to pump BCH again they need some kind of catalyst like the surprise launch of Bitcoin Cash trading at Coinbase. I canīt envision another event like this. -I donīt see talks of a Bitcoin Cash ETF -I donīt see talks of Bitcoin Cash futures -I donīt see any plans for 2nd layer solutions -I donīt see any plans to increase fungibility -I donīt see big companies investing in BCH mining in order to decentralize the mining scene -I donīt see the brightest developers in the world working on BCH code or BCH-related projects ...
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... They are talking about segwit since last summer and it has seen such a delay in its actual implementation on all the wallets . ...
Coinbase and Bitpay have exacerbated this development by their refusal to implement Segwit. If they would have adopted Segwit like Bitstamp or Bitwala did weeks ago, we wouldnīt nearly have as much congestion of the network as we have now. These businesses are a cancer on the Bitcoin ecosystem. Especially Bitpay follows a nefarious agenda, because their business model doesnīt really work when Bitcoin becomes a store of value and a settlement layer. They need fast confirmations and affordable fees and therefore are pushing Bitcoin Cash and delaying Segwit integration.
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... Well said, except that 0-conf was never viable; and thats not a blocksize issue.
...
I agree that 0-confirmation transactions were never really secure. However, many operators had a business model that was based on 0-conf transactions (e.g. the now defunct betting site Directbet). Therefore something seems to have changed, because otherwise these operators would still be able to use 0-conf transactions. I canīt imagine that this is only due to increased fraud by people attempting to double-spend a gambling transaction (e.g. double-spend after their bet already lost on Directbet). There has to be a technical explanation why 0-conf transactions are not widely used anymore when that was still the case in 2014-2015 (at least at Bitcoin gambling sites).
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A strong point for Dash is the masternode aspect, once you gain enough Dash, you can start your own masternode and gain more dash, no mining neeeded.
The masternode aspect of DASH has also interesting implications on float and the difficulty of price manipulation. At the moment there are 4,781 Masternodes, which effectively locks up more than 4,7 million DASH (1000 DASH are necessary to start your own Masternode). This reduces the float of DASH and therefore DASH can be pumped on less trading volume than most other cryptocurrencies.
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Where in that quote did I say audit?
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The main point of Tethers is to be able to transfer value in USD without currency risk or using the banking system (speed and cost). ... ...
I apologize, you actually did only use the term "report" and not the term "audit". However, this has obvious implications. An audit is more legally binding than a report or a memorandum. I donīt think the main point of Tether is being able to transfer USD without currency risk. This is what they are touting as Tetherīs purpose, but really it is used as a workaround for banking regulations. The big altcoin exchanges like Bittrex and Poloniex would have big trouble opening a real bank account and therefore only use USDT trading pairs instead of actual fiat trading pairs. This reduces the regulatory overhead and works fine as long as people actually believe Tethers are redeemable for real USD or until the US decide to crack down on this scheme.
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I would appreciate some peace of mind, knowing that for example after 72 hours the request gets pushed back to the wallet, but I haven't found any info on the matter.
The transaction will eventually be returned to your wallet. However, definitely not after 2 days. I once had a very low-fee transaction stuck in the mempool for 15 days until it was returned to my wallet. I think some mining pools actually process transactions that are unconfirmed for even longer. Have you activated RBF for your transaction? Then you could try to double-spend it with a higher fee. Other options are transaction accelerators. Unfortunately, at the current mempool size they donīt really work or are ridiculously expensive.
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BTC is saturated, and the same goes to ethereum.. In wich network can we trust right now to send fast payments? None of them is working smoothly right now.
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Bitcoin Cash and Litecoin work pretty good compared to BTC and ETH at the moment. However, it is questionable to support BCH when some of their supporters are responsible for a huge majority of the spam transaction on the BTC mainchain. The surprise launch of Bitcoin Cash trading at Coinbase was simply a good opportunity for them to attack the main Bitcoin blockchain. Great news for Bitcoin Cash combined with huge congestion of the mainchain, which destroys the BTC user experience. Therefore Iīd simply use Litecoin. However, even that is risky if you donīt trade out of it fast, because LTC is also trading for very high rates that are probably not sustainable.
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To be honest whole thing took only 3 minutes before trading was frozen, so I could buy the story GDAX did not know this could have happened. If this was done on purpose trading volume would be much much bigger. But who knows...
You have to take a look at the Bitcoin Cash exchange rate development at the other exchanges before the Coinbase launch. Basically, BCH had a steady ~30 % surge before the Coinbase launch. A chart pattern like this literally never happens unless someone is very sure that good news are about to be released. This is what is fuelling the insider trading allegations and not the short trading action at Coinbase until they halted trading. The run of Bitcoin Cash at other exchanges in the hours before the start of BCH trading was the suspicious event.
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it makes me think they are just being created out of thin air to buy real BTC.
On the one hand, we have a reputable New York accountancy firm that has inspected the bank statements and queried every item with Tether and then chosen to risk their reputation by publishing a report confirming that the funds exist. On the other hand, we have a lot of people that think it is created out of thin air. I know which is informing my decision to keep the funds I do on Bitfinex. And by audit you mean the memorandum that they released, which was not an actual audit? The document, which explicitly stated that it should not be relied on by people outside of Tether: http://www.trustnodes.com/wp-content/uploads/2017/12/tether-non-audit-audit.pngBesides, reputable accounting firm might be a bit of a stretch. Other exchanges (e.g. Bitstamp) are audited by one of the Big4 accounting firms. Someone posted a client list of other companies that engage Friedman LLP as an auditor and Iīd bet that most people have never heard of a single one of these companies.
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Iīm struggling to think of additional reasons for another massive Bitcoin Cash run. The launch of Bitcoin Cash trading on Coinbase is obviously a big positive for the Bitcoin spinoff, but what other good events are on the horizon?
I donīt see talks of a Bitcoin Cash ETF. I donīt see any development of 2nd layer solutions. The best developers and brightest minds in the cryptocurrency development scene are working on Bitcoin and not on Bitcoin Cash.
Besides, most trading volume of BCH took place at the notorious Korean exchanges, that allow for rampant wash trading due to their zero fee vouchers.
I could be wrong, but I really donīt see any other big impact events like the Coinbase news in the near future of Bitcoin Cash.
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some Killer App...
Bitcoin's 'killer app' is Lightning Network... Iīd argue that Bitcoinīs killer app is the capped supply and the immutability of the "sacred" parts of the protocol like the 21M BTC hard cap. Bitcoin is one of the few assets where supply canīt be inflated beyond the predetermined rate. This makes it a really great story of value. The Lightning Network is essentially just a bonus feature, but the attributes that make Bitcoin a sound form of money are the killer app.
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Charlie Lee, the creator of the worlds fifth-biggest cryptocurrency, Litecoin, announced shortly after midnight that he was cashing in his profits after a torrid, 9,300% rally in the past 12 months. In a post on reddit, the San Francisco-based software engineer who founded litecoin in 2013, said that he sold and donated all of his holdings over the past few days. "Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoins success. For the first time in 6+ years, I no longer own a single LTC thats not stored in a physical Litecoin" Lee said in the post. Lee explained that his liquidation was aimed at preventing a conflict of interest when the creator of what is known as "Bitcoin Silver" makes comments on twitter about the digital currency - something he tends to do with chronic zeal - that could influence its price, he said. That said, Lee declined to comment in the post on how many coins he sold or at what price, and asked readers to please "dont ask me how many coins I sold or at what price. I can tell you that the amount of coins was a small percentage of GDAXs daily volume and it did not crash the market." ... Full article at Zerohedge: http://www.zerohedge.com/news/2017-12-20/litecoin-founder-cashes-out-sells-entire-stake-after-9300-rallyThis seems sketchy to me. Litecoinīs bull run was only possible, because it was eventually added to Coinbase - the company that Charlie Lee used to work for. After the Bitcoin Cash trading launch yesterday at Coinbase it is becoming increasingly clear how shady Coinbase operates. Lee probably realized that the current valuation for LTC is ridiculous, a 16 billion $ market cap for a cryptocurrency that is basically only useful as a Bitcoin testnet.
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... That is correct. Just increasing the block size limit is not a feasible long term solution. It is, effectively "kick the can down the road" and "let someone else later deal with it". Increasing the block size limit comes with a lot more consequences than you think it does and there is a whole lot more nuance to increasing Bitcoin's capacity than you think there is.
Could you list some of these consequences? I can think of the obvious reasons like higher bandwidth and storage requirements, but maybe you have additional reasons why increasing the blocksize is a bad idea. Generally, I think that some of the big companies like Coinbase and Bitpay should have introduced Segwit addresses by now. That would really decrease the current congestion on the blockchain. Instead they are busy integrating BCH in their respective businesses...
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Is nitrogensports holding bitcoincash still, or did they spend it for themselves? Each bitcoin cash coin is now worth $3500 each. They are having a big party with their users coins.
They made off like bandits. This is a shady casino as far as I'm concerned. You can verify for yourself that they havenīt sold the BCH so far. Therefore it is still possible that they are going to do the right thing and distribute the Bitcoin Cash balances to all users, who had a BTC balance at Nitrogensports at the snapshot date.
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Bithump pump again. It is getting serious. Anyone think BCH could pass ETH again? I have sold yesterday for 0.21BTC. I do not know if I have sold to early as the price is only really up on Bithump. Dash is up too. I really think this kind of war only damage the market and do not do anything good.
I think DASH is kind of unique among the top 5 cryptocurrencies by market cap, because of the Masternode structure. If Iīm not mistaken setting up a masternode effectively locks up 1000 DASH. At the moment there are 4,781 Masternodes, which effectively locks up more than 4,7 million DASH. This reduces the float and therefore DASH can be pumped on less trading volume than most other cryptocoins. Besides, the community is pretty loyal and has many long-term holders.
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... Basically, it all went a bit off-script due to unforeseen technological advancements (namely ASICs) and now we're making the best of a less-than-ideal situation. Perhaps it does raise questions over Bitcoin's longevity, but it's likely we'll find a solution later down the line.
Are ASICs really an unforeseen technological advancement? ASICs have been used in other industries for years and obviously make sense in situations where efficiency on a single task is more important than being good at many different tasks. If I recall it correctly Satoshi also predicted that mining would become very competitive and that eventually CPU mining would become obsolete. Regarding the actual topic I think BTC will thrive even when the block reward hits zero. Transaction fees will be extremely high by then and BTC will be used mainly for big transactions. Expressed in $ fees will likely be a multiple of the fees today, but as a percentage of the BTC price they will still be pretty cheap.
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This was blatant manipulation by Coinbase. They froze actual trading for Bitcoin Cash and many newbies, who wanted to buy due to Roger Verīs CNBC appearance simply did market buys at these ridiculously inflated numbers.
The timing was simply too suspicious. I feel sorry for the guys, who got scammed into paying more than 9k $ for a Bitcoin Cash that is actually trading for roughly 3500 $. Coinbaseīs behavior with the Bitcoin Cash trading launch is extremely unethical.
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...Actually Hollande was seriously considering to implement this 75% tax but he did not. He realized it would be a disaster if he did. ...
Actually Hollande did implement the wealth tax. However, he had to drop it after huge public criticism and missing success of the wealth tax. https://www.theguardian.com/world/2014/dec/31/france-drops-75percent-supertaxFranįois Hollandes unpopular tax changes that imposed a 75% rate on earnings above 1m (Ģ780,000) will quietly disappear into the history books from Thursday. Finance ministry studies showed that despite all the publicity, the sums obtained from the supertax were meagre, standing at 260m in 2013 and 160m in 2014, and affecting 1,000 staff in 470 companies. Over the same period, the budget deficit soared to 84.7bn.
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Besides, it would be great if you could do one of the following two things: -remove the 0.01/0.02 Omaha Poker game and replace it with a 0.02/0.04 Poker game that is eligible for the Bronze Poker challenge -add a 0.02/0.04 Omaha poker game and maintain the 0.01/0.02 table
As it is now, Holdem players can participate in the Bronze challenge by playing 0.02/0.04 and seeing at least 100 flops, while Omaha players donīt even have a 0.02/0.04 table available.
Thank you for considering my feature requests.
1-2 weeks ago I posted this feature request. Could you relay this suggestion to the poker team again? I really think this is a no-brainer and it would create a level playing field for Holdīem and Omaha players.
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What's the deal with these invite codes? Is it a way to temporarily restrict new customers and lighten the load or is it something a bit more permanent and extreme? Never heard of an exchange doing that before.
I also have never seen this with a Bitcoin exchange. However, there are several other exchanges, who have disabled registrations temporarily before. E.g. the small European exchange bl3p.eu (from the Netherlands) is currently not accepting sign-ups. Unfortunately, due to the large influx of users we cannot process new registrations until further notice.
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