Bitmain's contingency plan against UASF was UAHF. According to the below statement UAHF would be deployed if Segwit2x fails to activate Segwit or BIP 148 has the majority, right now it is Segwit2x all the way. If BIP148 activates then UAHF will be alive on the same day. The UAHF chain will protect the economic transactions that are under risk of reorganization because of UASF. Later, we will support the activation of SegWit on the UAHF chain if there is no patent risk associated with SegWit and if the arbitrary discount rate of witness data segment is removed. The ABC specification falls in line with mining hardware manufacturer Bitmain’s hard fork protection plan against a User Activated Soft Fork (UASF), but Bitmain has not officially endorsed the ABC project. Bitcoin ABC is a full node implementation of the Bitcoin
protocol. We have removed the controversial SegWit code,
replacing it with a simple, sensible, adjustable blocksize cap. ViaBTC's UAHF plan doesn't have Segwit. If I am right there would be a UAHF only if Segwit2x fails. Bitmain UAHF, ViaBTC UAHF, let more pools come up with their own UAHF and create Bitcoin ABC, EFG, or XYZ. Still there be only one Bitcoin and rest alts. Segwit2x is the biggest problem, since it's a direct attempt to takeover Bitcoin, other forks are a smoke screen to scare people from potential forks (all this FUD that Bitcoin will crash if there will be split), while presenting Segwit2x as true Bitcoin. The real fight will be when miners with their 85% hashing power will fork into 2mb blocks in November, I hope people won't get themselves fooled. |
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Currently the price has improved. If you want to buy and save, this is a good time.
Good time was when it dropped to $1800-1900. Now it's actually risky, cause it might be a bull trap, and BIP 91/BIP 148 are still ahead, and no one knows how the market will react. Maybe it will grow more, maybe if will fall. So there were agree that making BTC price stability is more important than worrying about SegWit issue.
SegWit and other improvements are what actually is going to create price stability in the future, keep in mind that Bitcoin is competing with alts, if eventually they will scale better, Bitcoin will be in a pretty bad spot. Right now we have the best group of developers, but who knows what will happen in the future. |
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Till date all the casinos which have wanted to raise money or have an invest feature used to do it by launching a casino accepting investments in bitcoins and charging a commission on bets.
But now I see casinos like creating an altcoin, accepting investments and issuing tokens to be traded on an exchange and keeping all the money raised upfront in the ICO.
Isn't that scammy ? Why can't they just accept bitcoins as regular investments ?
We're currently witnessing the ICO hype, it has cooled down a bit when alts crashed 2-3 times, but it still has a lot of momentum. In this hype everyone is launching ICO's - startups, casinos, exchanges, other services, etc. Many of those ICO's are just plain scams, others eventually just fail to deliver. ICO's created a loophole that allows its creators to avoid any responsibilities, as they can always claim that they can't control the open market and it's not their fault that their token is falling. So, yes, it's better to stay away from ICO's unless you definitely knows what you are doing and know how to play those markets. There are plenty of casinos who accept regular Bitcoin investments, and it's relatively safe to stick with them and get some constant profits. |
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BTC Prices are steadily going up, from a low of $1858 to $2300+ at the moment. Any insight into whether it will dip again before the big day? With 60% already showing support for Segwit, a soft fork is almost certain. And with this information out in the world, I think the upward trend has begun. What do you guys think?
Anything can happen in short term, and this is why day trading is compared to gambling. Many people are very worried about the current price, which makes them prone to panic and even lose money if they sell lower than they've bought. This is why experienced investors look for the long term opportunities, they hold for years and almost always in profit, so the short term price moves don't bother them as much. So, the best advice for trading is to always stay calm and try to see the bigger picture. |
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I'm going to dump 50-70% of any Bitcoin's fork I'll own, then put the rest in sell orders with a higher price in case it will get pumped, if the price won't increase in a month, I'll sell the rest at current price. Forks get their attention shortly after their launch, but they drop and die pretty quickly when people realize that "revolution" isn't happening and the fork was basically useless. Generally, people who buy forks gonna lose some money most of the time.
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Did Bitcoin Classic and Bitcoin XT surged in price already? Or achieved anything significant? Obviously no, and since ABC, Segwit2X, BU all have weak developers, those forks aren't going to succeed. Your comparison with ETH/ETC is entirely wrong, as the price of ETC increased as a part of altcoin bubble, it has showed 200-300% growth since Auguest, but ETH increased up to 600% in that time, so it's obvious now that it was better to sell ETC and buy ETH. Besides, it's wrong to extrapolate the outcomes of forks on other coins into Bitcoin, every situation is unique and has it's own driving forces.
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I am a staunch supporter of the Starks, They are the most noble house in the entire realm and i hope they attain independence, they certainly dont care about the Iron Throne, what matters to them is their independence, and they are the most at risk when the white walkers attack due to their proximity to the great wall.
Actually Sansa seems to really want to sit on the Iron Throne, judging by her conversation with Littlefinger in the new episode  what about the no one option?
the white walkers may kick everyone's ass and there would be no one alive to be king, or another power may emerge
~snip~
no-one option is: The Night King 7.00
Here is my theory - humans will fight against each other, they will be weak, winter will come and Night King will defeat them all. He is un-dead king with special abilities ffs! Who can compete with that?  And it is the end I would like to see  There are rumors that the White Walkers are coming for Jon Snow as there are theories that say that Jon Snow was the Prince who was promised to them 8000 years ago. The White Walkers had some kind of pact with the Starks that was broken by the Starks,because of which Brandon the builder from House Stark built the wall after the White Walkers returned to the north after losing the War of the Dawn,so that they couldn't come back and start a war again. Yet again it's a rumor not sure if its going to happen. This might be true in the books, but in series it has been shown that White Walkers are a superweapon created by Children of the Forest that went out of their control, so most likely that their motive is just purge the world from all living creatures. |
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Bitcoin really shines when it comes to international transactions, as it doesn't matter where you send coins, unlike with fiat systems who usually charge pretty big fees for those types of transactions. And even though the fees of Bitcoin can be pretty high, it's still cheaper than fiat systems when you send bigger sums. I think people who try to spread the word about Bitcoin should focus on this strong point of Bitcoin by promoting it as a currency that destroys any borders between people.
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Ok, so yesterday, July 16, SegWit2x support was 87.7%. Today it has increase to 88.2% and keeps growing. https://coin.dance/blocksStill I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork? Regardless what you think about this Bitcoin core vs Miners debate, do you really think a fork supported by 3-4% of the miners is a sustainable Bitcoin chain? As usual, panic makes weak hands sell and they lose money. The purpose of this thread is make people think twice before they sell coins they purchased at a premium. Dont let be manipulated by pumpers&dumpers and do not let panic gets you. Dont let pointless panic redistributes your money from impatient to more patient traders, as Mr. Buffett would say. Miner support is not the same as user support. Segwit2x is an attempt to replace Core with one person and centralize Bitcoin around miners, who will have control over code development and nodes later in the future. That's a very valid concerns for people who are actually passionate about Bitcoin, as opposed to those who just see Bitcoin as a method to get more fiat. |
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Make sure to mix any coins that you send/receive in the deep web, so they won't get connected with your bank accounts that you use to purchase or sell Bitcoins. There are many mixing services, but if I were doing a deepweb transactions, I would go beyond that and mix my coins even further by purchasing coins with strong privacy features, like Zcash or Monero, running some transactions between my addresses, then converting them back to BTC and only then use it in the deep web.
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Hello,
Don't know if this is the right forum, but what is the gambling percenatge of the total crypto-economies? I read in some ICO document, maybe it was Betkings that it was 60%. I read 15% somewhere else.
Anyone know an accurate number and statistical source?
It's hard to tell exactly, because some part of crypto-economy is in deepweb, so we can't measure it. But you can get some idea by comparing gambling volumes with the network volumes. Gambling sites historical earning are usually in double/triple digit zone in Bitcoins, and there's not that much casinos - lets say a hundred or so. Now, blockchain.info gives us 234,417 BTC transacted per day, and of course it doesn't mean that every transaction is a payment, but still this number is much bigger than combined profit of all casinos per day. So, I think gambling share of crypto economy is somewhere between 5% and 15%. |
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I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
Bitcoin is unique, there's nothing like it in current financial world. It may be true that it doesn't have characteristics of a currency at this moment, but it has the technology that allows it to be used as a currency, and number of businesses already accept it. In many cases it is worse than existing currencies, but people use it because sometimes it's the only choice, or because it's sometimes better (private transactions, overseas transactions, cheaper fees with big payments) In the same time, bitcoin has characteristics of an asset - it's secure to store, has potential to grow, traded on many exchanges, already caught interest of some mainstream investors. |
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I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover  First, you have to understand that every gain opportunity comes with a risk, in your case you wanted to get extra 11%, instead you have lost close to 30%. In fact, Bitcoin surged in price from $1000 to over $2500 in a very short period of time, just a few weeks. Many people considered it as a bubble or unhealthy speculations, because if the price rises too much and too quickly, it may crash quickly too. So, if you can't afford to lose any current value, you should usually sell BTC that you receive as a payment. |
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I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.
And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.
Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.
I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?
So, any ideas?
This is a very interesting idea, and since you seem to have some coding skills, I think you should run a simulation to test whether your model is sustainable or not. Your simulation should cover a scenario with X amount of players each having an Y bankroll playing against the house with Z bankroll, and see what are the probabilities after some huge amount of iterations. You can also try to improve the situation for yourself by installing max bet limit, which should be around 1% of your bankroll, to prevent whales from ruining you with a few lucky big bets. |
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So bitcoin will be hijacked and core devs will be pushed out? Is this true and even possible?
It's possible if community will swallow it. Segwit2x comes with no replay protection, so you by default can't choose what chain do you want to use after the fork. But I believe that the outcome of this fork will be decided by exchanges - most of them supported Core in their statement about possible BU fork, so if they will take the same stance about segwit2x and will split coins for users, the price of both chains will be decided by trading, which will probably lead to dumping of one chain and rendering it unprofitable to mine. So, if community overwhelmingly supports Core, segwit2x will eventually lose. |
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What I think is causing all this huge dump in bitcoin is the pre segwit anticipation. Since a hard fork is happening, there are heaps of conspiracies of how this is when bitcoin will die. Then people are add to the drop by selling and rebuying when it drops even more
Then why all other possible altcoins are losing their ground too? Just take a quick glimpse here: https://coinmarketcap.com/Besides some random occasional niche pump of 3 altcoins whole market seems to be crumbling. This crazy decline can't be caused only by unclear situations of bitcoin scaling, BTC is simply not influential enough. Alts are mostly traded against BTC, so when BTC falls, their USD price also falls, but if you switch to alts/BTC, you'll see that they have changed only a few percent up or down. Also, alts are in their own bear market for the last couple of weeks, and many of them dropped 2-3 times after reaching all time high. The most obvious explanation is that it was a bubble, fueled by ICO's and Ethereum. So, USD value of alts is tied to Bitcoins price, but their BTC value is more independent. |
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If Bitcoin forks what would the price of both coins be? Would they start at the same price? How is that price determined?
No one can tell for sure, because no one knows what exactly happen in the upcoming weeks. And even if someone knew it, it still would be hard to predict Bitcoins price, because you never know how other people will react. Bitcoin is compared to honeybadger - sometimes it doesn't care about events that should have shifted its price. Also, if you look at todays price, we have already started falling, because some people are afraid of a crash caused by splits. |
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...will be launched on the 1st of August. Are you happy with this?
More like "altcoin airdrop", as all Bitcoin owners will get a new altcoin for free, if it will actually survive the chain split. But as for USD value, it's not unlikely that even combined price of BTC + new altcoin will be below current price for some time. And it's hard to say what would be in an alternative scenario with no fork planned, because current price to some extent was formed by news and plans to improve Bitcoin in the near future. |
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Being rich by definition means that you can afford more things than others, especially scarce things. So, obviously everyone can't be rich as long as scarce goods exist. But quality of life quickly improves thanks to technological developments, and some goods stop being expensive. Stuff like Internet connection, mobile phones or even TV used to be quite expensive and at first, and accessible only for the rich, but nowdays they've become very cheap and common. So it's not impossible that in 100 years most people will live lives that are considered luxurious by today's standards.
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Are you still learning?
For example, I have learnt the base of it for 5 days, but every new article or news are lessons for me.
How do you "upgrade" your knowledge?
It depends on what you mean by "learn". If it's only basics, than a few days would be enough, but if you mean a deep understanding of cryptography and decentralized networks, than it might take a couple of months, providing that you already have a background in programming, math, networking. If you don't have that knowledge, it would be extremely hard to study cryptocurrencies. |
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