at this stage us mere nobodies have zero idea what the economics of mining look like any more. billions of dollars are flying around and there are no doubt many secret deals and developments. we also have no idea who many of these miners are or what their long term plans are.

mining is now a foreign country for almost all bitcoiners.

Is it not possible the bitfinexed guy exit scammed with his legal funds?

Whatever happened he's put up a valiant fight but bitfinex have the funds to out troll everyone.

The much more important question is - how useful can the whole market grow.

It can't continue like it has until it starts being used by real people for real things.

As it stands almost the entire thing is feeding from its own asshole while the real world is doing business elsewhere.

The internet only became what it is after the dotcom bubble burst.

I'd prefer it if crypto avoided the useless part and skipped straight to crypto 2.0.

Right now that ain't looking too likely sadly.

Yep. That price is correct. I guess for many people it's the only option now.

Considering how many of these cards have disappeared I wouldn't lay out so much money unless I had a cast iron guarantee it was gonna be here to stay.

And I don't see how they can do that.

The fact funding takes so long tells me it's some type of improvisation that the card company is unaware of.

Bit humb offers to back Tether' s valuation no matter what happens to tether itself.

http://m.etoday.co.kr/view.php?idxno=1592309

Kind of interesting to see this. Tether have somehow miraculously forced everyone else to take its backing on. This is a very bitfinexy move.

There is only one reason - it was a bubble.

Bubbles don't need reasons to start, or pop. They happen and then they stop happening.

I don't care what ethereum's getting up to. It's irrelevant to this price action just as bitcoin is really. Everything is piled in together to form one big ball of froth.

China is now officially toothless. They've removed themselves from the game.

I am curious to know how many Chinese traders headed to Korea and Japan but even if they did it can only have been crypto only. No way they'd be able to move fiat in or out.

Is this China's final wheeze before expiring? Guess so.

man, the nobody accounts keep on piling up in here.

and weirdly enough whereas everywhere else you can almost guarantee that what they write is rubbish, all the noobs in this thread all claim to be long standing experts who've just happened to drop by to enlighten us.

i can't wait for a conclusion to this in either direction. there's a bad smell hanging over this whole thing from every angle.

never.

bitcoin will always be separate from others. nothing has the history that it does. actual market cap won't matter. and anyone using market cap as their be all and end all really should think again.

ethereum is all about utility. i have zero doubt that a better coin will come along at some point that does things simpler, safer and more securely. as a world computer it's... not great. at that point what happens when ethereum is flipped?

bitcoin is not in competition with ethereum. same goes for many other coins. the sooner they're regarded as totally different propositions the better. this flippening crap is tired and old.

the only thing they're competing for is pumper funds. as this is still regarded as the number one factor it goes to show how much further we have to go.

a rotten news source but great news overall. japan taking this approach is very reassuring to all of us and will act as an object lesson to every government thinking of coming down on crypto.

at least they're clever enough to realise that making it work for you by working with it will pay off hugely in the long run. we saw a little glimpse of that with the senate hearing today as well.

very nice call so far.

all of this feels a little too... easy to me. i think there are gonna be plenty more frights in the weeks and months to come. we're just about to enter the woods rather than having left them.

wasn't april 2013 full gox? i dunno if i'd trust any figures from a market so much under gox's control. 2011 maybe as its issues were known when it was bought but it was still early days. by 2013 its actions must've been heavily affected by those missing coins.

once they start trading then they're just another coin in a sea of them. they'll be equally vulnerable to the moves of the bigger coins as stuff that's been on the market for years.

it's foolish to think one coin is somehow special. there are basically two markets - bitcoin and altcoins. it's possible ethereum will make a third market soon but that's how it is. the average trader doesn't know what they're buying or care. they want more money.

$100,000 trading volume. puh leese.

just another nothing shitcoin and another reason to ignore market caps as any type of meaningful measurement.

yes. ethereum has lost less percentage in dollar terms than bitcoin. that's mainly because it has a lot of its own dollar markets these days. most alts are directly tied to bitcoin still.

It's the same buyers. All people want is something to sell for more than they paid for it. It don't matter what the details are.

And ethereum's doing much better than bitcoin in dollar terms right now which ain't saying too much.

just checking, are these merit requirements for new applicants? i became legendary very early and it'll take me a few weeks or months to get that much merit.

cool. that's a little more like it.

what is constantly blowing my mind with this whole thing is their failure to go the final few centimetres and put more doubts to bed. even if they don't need to publicize i'd still do it to get people to be quiet.

people weren't validating on machine already?

it should be reemphasized that the only thing a hardware wallet will do well is shield your private keys. the actual transactions are still pretty vulnerable to being hijacked.

some unidentified items wrapped up and a conveyor belt showing some pieces of plastic moving.

there is nothing identifiable in there. nothing. they have a room filled with their fabled machinery and they can't be bothered to get a little bit closer to show their haters one single detail that might prove it's real.

i'm waiting to be pleasantly surprised. that video has done less than nothing to reduce that wait. it's increased it.