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I reckon because of his longer reach and size advantage, Darren Till will fight from long distance and trap Tyron with the cage behind his back, which I also observed that it is something Tyron is doing in most of his fights. He likes to go back and feel the cage with his back for security. Maybe he was in many gang fights hehehe.
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@Pursuer. But it really has a chance to slowly move up to $20k-$25k. If by the end of October or the middle of November bitcoin is stable on $15,000, then 20,000 is not that far away I reckon. Would it until then that we start to agree with Tom Lee and admit that we have made a mistake?
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@figmentofmyass. I had the same opinion as yours when the market was in full bear power hehe. But if the bulls come back, I reckon Tom Lee's prediction still has a chance like it did last year when bitcoin went from $6000 or $7000 to $20,000 in 1 month.
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There are some altcoin news that are good to discuss in the forum, like the news about Ethereum's postponement of the difficulty bomb and the decision to reduce the mining rewards to 2 ETH.
But the altcoin subforum is full of thread bumpers and makes it hard to discuss real news, and the press subforum deletes news that are not about bitcoin.
In any case, can the moderators of press be less strict and allow the more appropriate altcoin news?
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Is everyone now liking Tom Lee's prediction? The absence of countering responses towards it in the forum might also be an act of a bull signal hehe.
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That sounds like a crock of shit.
The only reason it's more 'stable' is due to the post bubble hangover. It was also quite stunningly 'stable' in 2015 when it was wedged in the $250 range for what felt like forever. Didn't see many signs of Wall St back then.
As soon as bubbledom is in the air the idea of stability will be a complete and utter joke.
It appears that SFOX might have already taken a position in bitcoin hehehe. Why else would they make a positive statement like that for the news media? @Thekool1s. Agreed 100%! |
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I am 6 merits short, but I hope my posts qualify. Thank you. Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=537028Post Count: 4388 Merit Count: 514 BTC Address: 1AkMAk71oYqGtyV9SBEY3F5GRmrLW9FRZc Telegram Username: @bbcreporter I will change signature and avatar as soon as I am accepted. |
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@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?
Well, if you're going to "allow" ASICs on the network, then you might as well go with an algorithm that is very fast to verify on low end consumer hardware. I agree with this point. Cryptnight with ASICs is a stupid combination. @bbc.reporter I honestly don't follow the logic that ASICs would result in a higher price. There are not-silly arguments in favor or against ASICs but to expect it to make a 5x difference in price doesn't seem to follow either way from my perspective. You can never fully guess what a market will do but I would more likely see any price difference as marginal. I also find it a somewhat extraordinary claim to expect AEON not to decline a lot in value from crypto-market highs when nearly every other coin has declined a lot in value. Agreed but the investment that Asic manufacturers bring to a cryptocoin's mining infrastructure might translate to longterm value, not only in the price but also in the project itself. Also, it might be more advantageous to welcome them now than to release hardforks after hardforks to change algorithms that might cut hashrate and nodes supply. |
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@jeremypwr. Can I join starting in the next round? Thank you.
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Wear Avatar: Yes
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@jeremypwr and sportsbet.io. I received my final payment. Thank you!
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@jwinterm. But allowing Asics was never in the roadmap of any cryptocoin, or was not something that was planned. It would also be stupid to change the algorithm to make it easier for Asic manufacturers. In Aeon's situation, it might have been better not have have hardforked to another mining algorithm.
When the community voted for a hardfork to kill the Asics, it cut its supply of hashrate and made the coin more insecure. I reckon it was a shortsighted move.
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payment processing (and the fees born out of it) is only one side of the equation, though. credit cards aren't just a replacement for cash. they offer credit lines, and rewards.
IMO, a lot of consumer spending is fueled by access to easy credit and spending rewards from card issuers (cash back, airline miles, etc). how is BTC going to satisfy those needs?
merchants need to accept what consumers want to use. it's not the other way around. for BTC to make credit cards obsolete, consumers must prefer BTC to using credit. transitioning away from a credit-fueled and high-spending/no-saving consumer economy is a much larger issue than "merchants pay high credit card fees, BTC is better."
Also, by accepting that bitcoin could make credit cards obsolete as fact clearly puts the ignorance of the article writer on display. Consumer credit provided by centralized fnancial institutions in exchange for payment in interest will never be obsolete. |
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Maybe you have not heard, but there was a news of a ban in Beijing that will not allow all types of cryptocoin conferences in the city including bitcoin conferences.
Also, the news might not be newsworthy for you, but it is significant in the idea that enforcing financial regulations on the cryptospace would be very hard.
One district of Beijing, the most symbolic one of their power as far as I can tell. I've given up on getting any facts out of China. The place is a black hole of lies, spin and outright bollocks. The less China the better as far as I'm concerned. Nothing good has come of their involvement. Agreed. I also found out that it was only a district in Beijing hehehe. The news media is making it appear bigger than what the FUD is but it is just another nothing burger. But I reckon China's bitcoin involvement is not all bad and it can also help the cryptospace's economic development if they were not so afraid. |
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privacy coins LOL because everybody need them LOL
Of course - Bitcoin etc. are not private enough for buying weapons and drugs so we need (shitty) privacy coins (outside of top 200)  He maybe also does not know the term fungibility yet or he is only trolling hehehe. In any case, my top small cap privacy coin is Aeon. I reckon it is the next best cryptonote coin after Monero. The lead developers are smooth who is also a lead developer of Monero and stoffu, a member of the Monero Research Lab. |
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@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?
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because if the SEC does not approve the ETF, we will have a price drop and if the price remains at $7000. Then we will see a price drop to below $ 6000.
Investors should really forget about ETF. It isn't the end of the world, it is good to get but it is after all a step that is facultative. Unfortunately we do not have much demand, we have many obstacles caused by many governments then the price of bitcoin and altcoins will not increase much unless it is approved some ETF or bakkt bring many institutional investors
Unfortunately, it is true but it is all a matter of time before acceptance. Also, if bitcoin stays over $7000 and then moves on to go over $10,000 without any of the ETFs getting approval, would only demonstrate that we are manipulated into accepting as truth that we need an ETF for bitcoin's success. |
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@smooth. Would it have been better if the Aeon community just welcomed and embraced Asics in hindsight? I reckon the community might have acted in too much haste and fear to reject the Asic mining companies, that might bring Aeon to the moon.
@smooth. I would really like to listen to your personal thoughts in this subject matter if it is ok hehehe. I know I might appear to be speaking from greed that Aeon might have already reached $5 if Asics were welcomed with open arms. But I know it would not only be me who would like to see that occur. All of us do. |
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@wavessurfing. But it is still very far from where Aeon's activity should be. Scams like bytecoin have more undeserving activity hehehe. It is lucky to be listed in a large volume exchange like Binance.
I hope Aeon will find its own luck also.
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It became evident in my mind that Tom Lee's $20,000 to $25,000 target is as easy to reach for something that is as volatile as bitcoin.
Will we, the critics of the forum who are uneducated in economics and finance be proven as the monkeys or will Tom Lee be the monkey?
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@cellard. The bears might be overly pessmistic or they are biased towards bitcoin's failure as a currency and as an investment. Also, others are paid to say negative things about it like article about Jordan Belfort, the wolf of Wall Street mentioning that bitcoin is a ponzi scheme.
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