But seriously, how much more than 10,000 transactions per second do we need?
Just imagine the requirements if a proper internet of things gets going. There'll be billions of machines doing little deals with each other every day. I can imagine that by the time it's mature, lightning networks will be too and it'll be possible to slot them straight in. I doubt the machines will like the price volatility too much though.
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- self update mechanism
That one is a little bit worrying. It appears they're saying you can't turn down updates and indeed there is no such thing as an update, you get the latest and livest version every time you fire it up. In that case that makes their servers a stunningly tempting target and you have no protection from a nefarious party feeding you something unhelpful. I get the feel they're trying to invent the wheel while barrelling down the highway and at some point they're going to miss something extremely gaping and obvious.
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Current price surge for Bitcoin is mainly based on ETF hype.
Alts are not included in a Bitcoin ETF.
But likely if it's a rules change that allows Bitcoin to get ETF approval, other alts will try to get ETF approval.
The SEC then becomes the gatekeeper of which alts rise with Bitcoin.
Which is why we won’t get a Bitcoin ETF. SEC doesn’t want the headache of a Bcash lol ETF or a Ripple ETF. Yeah. I'll bet the SEC rue the day any crypto darkened their doorway. They're now snowed under with memes, 'YU no listings Rapecoin FUK U' emails and no doubt plenty of sneering from their old school buddies. If I was running it I'd have a 'crypto ETF application' link on the site pointing to a page with nothing but this on it. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fn8OPbqT.jpg&t=663&c=_DvZALzqP5Ce3A)
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It can't go on like that forever.
I really think it can, albeit in a fringer form once the behemoths have been fully established. The pool of mindlessness and greed is bottomless. If something as blatant as Bitconnect can thrive despite multiple years of crypto scams to draw on and centuries of Ponzis then that tells us it's a fundamental part of what humans are willing to talk themselves into no matter what. Shitcoins have only just started to get warmed up. I really, truly expected most of this shit to be dead already. What's filling the top 10-20 is largely a disgrace, let alone what's below. No wonder old school investors sneer at it all still.
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Edit: My reasoning for the price I put was because there was an auction not too long ago that Blazed held with this type of coin and it went for essentially right around/just below what peel value was including all forks.
Hmm. That's pretty far out. I always expected premiums to slowly fade as prices rose but not to near vanish completely. Interesting how little mention there is of these these days. They seem to have passed most people by and are now ancient history. Here's to their eventual unearthing. As for OP, if you're feeling really brave and/or stupid then you'll get possibly far more on Ebay than here depending on whether your region allows it, mine doesn't. I wouldn't do it myself though.
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Or maybe not, maybe investors are fed up with empty promises of altcoins and their constant lack of progress and their vulnerabilities and centralization issues.
As soon as Bitcoin has completed its thing all the mindless peons will be straight at alts because they're 'cheaper'. It doesn't matter how shit they are. That's how minds work and they never change. I wish it were otherwise but it is not. This is bog standard behaviour. People jump to where the action is and then jump back into alts when the action slows down.
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Interesting twist: Samsung has not partnered with CoPay.
I assumed the stores were operated by some franchise or local distributor in which case it had nothing to do with Samsung in the first place. I've no idea why they'd give a shit anyway. If someone pays in horse manure it's still a sale.
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All you have to do is sit through one complete cycle of boom and bust and then it'll be a piece of cake.
You'll see the same threads, the same moans, the same euphoria, the same wordings, the same everything as last time. Once you realise a cycle is what it is and there'll be many more in future then you can be vastly more objective about the whole thing.
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Not fake at all - 9 billion volume from a shitcoin/btc pair on a completly new exchange with just exactly that one pair ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Hello dear. Be there be bounties for work this coin? For then we can make opportunity profit good times.
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I don't know if I should feel happy about it or else... They just added Ripple wallet.
The more the merrier surely? It's worth something, though I've truly zero idea why, so it's just as sellable and therefore spendable as anything else. I've been using my GBP Wirex card a fair few times this month. All's gone smooth and I can't say the same for my Xapo one when it worked.
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I really hope this rise isn't pure ETF related. Either the ETF passes, which I'll be amazed if it does, and everyone sells the news as it won't be in action until next year anyway. Or it doesn't, which is vastly more likely, and everything flies down the toilet. It's a bit sad how the same old thing is latched on to time after time.
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Does anyone know how to restore without a backup. In the post above it says if you know what you are doing. I uninstalled Mycelium and reinstalled. ON the support page it says my BTC is lost but in reading in this forum it seems that there may be a glimmer of hope.
There may be people out there who know how to do it. I was being theoretical and paranoid. You could always try something like this - https://www.easeus.com/android-data-recovery-software/free-android-data-recovery.htmlbut I would assume that whatever data might be left there is encrypted so won't be accessible. No seed, no access most likely I'm afraid.
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ETF shares are literally paper bitcoins....... so weird how bitcoiners get all paranoid about "paper gold" and then go around acting like ETF shares are actual bitcoins. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Completely depends on the individual proposal. This SolidX one is backed by real coins. The KNCminer ETN is voluntarily backed by real ones. No doubt in future there will be paper ones, presumably based off futures. But for now if people buy into this one then SolidX has to have the bitcoins to match it.
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The only two vaguely legit options would be lending on an exchange for leverage or a casino bankroll. Everything else will be a fucking disaster guaranteed.
Most exchanges will be a disaster too and I'd only go with the very oldest casinos. Even then there are no guarantees. Absolutely forget about p2p lending of any type. You're not lending, you're opening your anus with forceps.
Whatever happens you won't get much. It's dollars that get the most interest when lending on exchanges. Everyone's looking for an easy return on their BTC.
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Are we going back to sanity
No. I do however think most of the ICO shit will fade away. But other than that this is business as usual. As soon as Bitcoin starts to look hungry people run from alts. As soon as Bitcoin has had its giant bowel movement and takes a nap people decide it's alt pump time again. I don't think 80% will ever be a thing again. Nor should it be. I don't really get why all things need to thought of as parts of the same entity. Perhaps the dominance will remain higher simply because so many alts have proven to be so dire, but it depends on whether it's a rally or turns into another bubble. If it's a bubble then your nose hairs will be pumped if someone tokenises them.
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Gold ETFs allowed paper gold to rise thus massively diluting the value of the real stuff. I hope the same doesn't happen to BTC but no doubt someone's going to try.
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Any blockchain expert here have any idea how can they improved confirmations time? (I assuming they are talking about the limitations of blockchain here in terms of the speed on how a block is confirm).
Is this like a LN scenario? Opening both channels to make the transactions much quicker?
Do you reckon Mastercard know anything about how to improve the functionality of an actual blockchain? I'm doubtful. And it's not as if any of the main coins would accept a Mastercard fork either. Fiat spending is their business. I expect it'll be just the same as an existing crypto debit card. You deposit your BTC with them, or presumably some partner like Coinbase, and you spend the balance. "fractional reserves of blockchain currency" is an unfortunate turn of phrase. I presume that means you're spending fractions of your Bitcoin reserve through them. I don't like the alternative interpretation.
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I'd love to know what conversion rates legit businesses like Coinbase were getting from these ads. Apparently they've popped up again so it must be worth something. I fully welcome the execution of ICO bullshit ads. That benefited no one other than the con artists running the ICOs.
I'm also intrigued to know whether this will have any effect in the present market. I find it pretty doubtful myself. The type of person who'd be reeled in by this will be the last to join at the peak, not get in when things are quiet. That's how it's always been and always will be.
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