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8521  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Lisk, nano, or omg for 2018? on: February 16, 2018, 07:52:51 AM
I've done my research just can't decide, and I know post isn't the greatest question sorry but I'm trying to decide between these three which one I would rather invest in if I had to pick one, which one would you pick and why? I want a rather safe coin in my portfolio other than ethererum that could possibly 4x in value by the end of the year.

None of them. I reckon 2018 will be the year of the anonymous coins once the regulators start coming after all the ICOs, starting from the larger ones all the way down to the small ones.

My advice would be to start doing your research on privacy coins now, and stop wasting your time on all those platforms.
8522  Economy / Gambling discussion / Re: UFC FN 126: Cowboy vs Medeiros Prediction and Info Thread on: February 16, 2018, 01:18:39 AM
@debuni. I hope Derrick Lewis wins so that Dana can set him up for an easy, confidence building fight for Francis Ngannou this year.

Francis, in my opinion, cannot win versus most fighters who posses good wrestling in the top 5 like Fabricio Werdum, Cain Velasquez if healthy and Curtis Blaydes. So he needs to work on his wrestling, and test it versus easier competition.
8523  Bitcoin / Press / Re: [2018-02-15]Coincheck Produces Recovery Plan While Investors Flock to Withdraw F on: February 16, 2018, 12:57:18 AM
@aso118. Coincheck needs to close and shut up. The people who own and run the site have no right to be operating anything that involves holding other people's money, either cryptocurrencies or fiat.

I reckon the investigators should concentrate on the fraud or the inside job angle. I cannot believe they had the kind of vulnerability that was so easy to exploit. The developers of the exchange must be so stupid or placed the vulnerability on purpose.
8524  Bitcoin / Press / Re: [2018-02-10] The IRS Takes Its Tax Evasion Hunt to the Blockchain on: February 16, 2018, 12:42:43 AM
On the topic of taxes, they are beneficial. How do you think your country's government manages to stay afloat and keep the peace?
Is that how you see it? They need taxes to keep the peace? Where? Inside the country? So, they are collecting taxes to fund the police and the army that will beat us if we protest, put us in jail if we stop paying and kill us if we try to abolish the government. Is that the peacekeeping that you have in mind?
And knowing how it works you continue to support it? You're like a slave who every evening after coming from work whips himself and locks himself in his cage for the night.

So what do you propose if you hate the government? What should we do to start governing ourselves better and how do we create a better system?

I reckon the problem with the government is not about collecting taxes. From what you mentioned, the problem is a country becoming a police state like what is happening in America now.
8525  Economy / Speculation / Re: [Bearish] Bitcoin Risks Crashing to $900 If Dot-Com Mania Is Any Guide on: February 15, 2018, 04:13:16 AM
we can never predict bitcoin and anything is possible. it can drop to $10 or it can rise to $100,000.
but saying it can drop to $900 is like saying all the adoption and rises that went into bitcoin for the past 16-17 months were shit and ALL of it is going to go out! that is impossible if you ask me.
and predicting the drop to $900 is just as silly as predicting the rise to $1 million by the end of this year at this point.


You are contradicting yourself by saying we can never predict bitcoin and following it up with an assertion that if someone says it can make a drop to $900, it's impossible.

Also, that was the whole point. No one would believe in something until it already happened, because it is impossible. Anything is possible.

being impossible is about chance of that happening, conversely when we say something is impossible it means the chances of it happening is nearly zero. for example there is a chance that you find a hash collision with SHA256 but the chances are too small that makes it impossible.

also as i ROFLed above, when the whole argument of the article is that "bitcoin supply is growing parabolically aka unsustainably growing supply" then you shouldn't even be re-posting it here!
what they are saying is like this: "number of shares of Apple have increased unsustainably in past years because now there are 10000 other small companies which have nothing to do with Apple like an agriculture company selling fertilizer" Cheesy

No impossible means it cannot happen. Check the dictionary.

http://www.dictionary.com/browse/impossible

Dont justify what you said by comparing it to a hash collision not happening because it is not impossible, there is a really minute chance of it happening. Almost impossible is the right term.

Also, yes I saw the author's mistake, but I posted it anyway because that wasn't entirely where I was taking the argument.
8526  Alternate cryptocurrencies / Altcoin Discussion / Re: [2018-02-12] Bitcoin Private Fork Aiming to Make Bitcoin Anonymous on: February 15, 2018, 03:36:38 AM
@NeuroticFish. I was agreeing with you, and I was also cementing the matter that they are really scams for all the newbie readers out there. Sorry if it came out preachy hehe.

By the way, the real moneymaker in this fork wasn't holding bitcoin, it was holding Zclassic! It is up 100x! It went from under $2 to over $150 in 2 months.  Shocked
8527  Bitcoin / Press / Re: [2018-02-10] The IRS Takes Its Tax Evasion Hunt to the Blockchain on: February 15, 2018, 03:27:43 AM
No one can hide from the IRS hehehe.
If you manage to avoid centralized entities in this market entirely, which is quite difficult but not impossible, no one will be able to connect you with whatever addresses containing x number of coins.

Currently the majority of the people here in this market are so dependent on centralized entities, that they have already a profile of themselves (without them knowing) that at a later point can, and will be used against them.

On the other hand, if we look at the average joes, they are less bothered by tax rates, which is quite difficult to swallow for me. Are they just accepting their faith, or actually think taxation is a beneficial necessity.......

I know people talking about the importance of tax because that allows governments to improve infrastructure, etc.

That is the key phrase, is quite difficult but not impossible. The blockchain is also public in which regulators can follow all your transactions by using something like Chainalysis.

Also, mixing services cannot be trusted as some of them might be honeypots or compromised.

On the topic of taxes, they are beneficial. How do you think your country's government manages to stay afloat and keep the peace?
8528  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion [Odds updated!] on: February 15, 2018, 01:28:48 AM
Hello everyone. Does anyone know what other sportsbooks that have Game of Thrones betting available? I can't find one.

I tried logging in on bitsport.bet but I would not accept my password. Luckily I did not have any bitcoins in that account.

I also saw that they do not accept new registrations, and I reckon the site might be going down soon.

Thank you.
8529  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON [2017-10-07: update to 0.9.14.0] on: February 15, 2018, 01:17:31 AM
Why is sending AEON always a pain in the ass?
Everytime I'm getting this error:
Quote
Error: Failed to find a suitable way to split transactions
Trying to send for example 550 coins with mixin 10 (total unlocked balance 590 coins). Should be enough to cover the fees ..? Also trying to send with mixin 2 or 1 does not work.
wtf is this?

Edit: ended up sending with mixin 0. Only thing that works. Sending monero or other cryptonote coins is much more easy. Don't now why this is so shitty about this coin. Privacy woohoo .. not. If you are forced to send with mixin 0 ...  Angry

I had the same problem. I reckon it was because I had smaller UTXOs, not sure.

In any case, what does everyone think of the different rebases and which developer's code base should be implemented?

I read this thread yesterday.

https://www.reddit.com/r/Aeon/comments/7xdr56/stoffu_rebase_testing/

If it must go to a community vote, I support stoffu's implementation. He's the most qualified and he is a member of Monero's research lab. So he is probably a mathematician, a cryptographer or a very smart computer scientist.

Thoughts?
8530  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [AEON] Aeon Speculation on: February 15, 2018, 12:42:52 AM
@jwinterm. I agree. I hope Aeon is listed back in Poloniex soon after rebase.

I reckon it was delisted because Aeon had a one man development team, and low Github activity than the lack of trading volume.

@Febo. So Monero is already 51% attacked? Maybe an argument could be made not to tweak the mining algorithm and allow Asics then. Sometimes an unpleasant decision has to be made for the security of the network.
8531  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin needs to die on: February 14, 2018, 05:29:43 AM
Bitcoin, the original cryptocurrency, the currency which paved the way to create a whole new market worth billions now and trillions soon has finally lived its days and given enough reasons as to why it needs to die and that too soon in order for the crypto market to survive.

Bitcoin is one of the few currencies which people buy from their local currencies on the exchanges. Because it is pegged to dollar, euro, etc it is the currency which goes up and down from the perception of people about bitcoin and its value. If bitcoin goes to 20000 dollars it is due to many people are spending 20000 dollars from their banks to acquire that bitcoin. When bitcoin goes to 6000 it is because people are selling off that bitcoin to go back to their dollar in the bank. Till here it is pretty much basic trading knowledge, what happens next is what goes beyond the conventional trader knowledge.

Now come to the remaining 1500 currencies. Almost all of these currencies are pegged not to the dollar or euro but to bitcoin itself. There are few currencies such as ethereum and litecoin which are pegged to the dollar but these again are pegged to bitcoin . We see pairing of Litecoin as LTC/BTC too if we see LTC/USD or LTC/EUR. Same goes for ethereum. Either they are pegged to the bitcoin or to tether which is said to be the dollar value for the crypto market. We might see some exchanges pegging all the currencies to their own coin such as binance coin, kucoin as well giving value to their own coin in the process.

Because all of these currencies are for sure pegged to bitcoin, they are not free from the price fluctuation when bitcoin undergoes a price fluctuation. if bitcoin is at 6000 dollars and it goes up, there is a likely chance other currencies too improve but it is not a sure case since that own coin’s performance impacts it. However, it is not vice versa. If bitcoin goes from 20000 dollars to 6000 dollars, the entire coinmarket suffers its wrath. Because it is pegged to bitcoin like 1 coin may be 0.1 of bitcoin and hence it will try to maintain that 0.1 for most part of its trading and thus if bitcoin loses its value, the other coins loses its value even though the coin might be very good and has no issues with the tech or any bad news against it.

If any of us are investing in any coin, we are basically hoping the rise of that particular coin will be faster than the rise of bitcoin so we actually make some profit of it, otherwise no matter whatever coin we are investing in, it is just like we are investing in bitcoin only since it is following bitcoin’s price hike and fall at allmost all the times.

In order for all the 1500 currencies to draw their own legacy out, they need to ensure that not only they are pegged to the USD or the other fiat currencies, but try to ask the exchanges to bring in more trading pairs so as to limit the impact of just one crypto on them and instead distributing the impact on bitcoin, ethereum and litecoin. Ethereum and litecoin should argue that they do not want to be pegged against bitcoin but rather the fiat currencies in order to chart their own history.

If bitcoin becomes outdated then only we can be free from these massive dips and the massive gains which happen only and only because of perception of bitcoin!

You wasted 10 minutes of my life. Thank you.
8532  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [AEON] Aeon Speculation on: February 14, 2018, 05:19:22 AM
@Febo. I reckon all those transactions are made by the botnet miners moving their coins to other addresses or maybe to the exchanges to dump Aeon.

There is no reason to think that Aeon is used anywhere else other than speculation.

Also, botnets, arguably, comprise 71% of Monero miners. I could envision it's the same percentage for Aeon.
8533  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETC Future in Q2 and even further after the snapshot on: February 14, 2018, 02:16:09 AM
So, after the fork happens, the price of ETC won't be tumbling down? I'm asking, because normally after a fork happens to a coin I've seen a downtrend and mostly because I have some of those coins, I don't want to risk losing 25-30% of BTC, in order to gain some coins I have no idea about Cheesy Just being a bit cautious, that's all.
 

It may go tumbling down before the snapshot on block 5,500,000, but you will also get the equivalent amount in Callisto which, for me, is the better move than to dump Ethereum Classic ahead of everyone else.

By holding, you double your coins, and CLO might be more valuable than ETC in 1 year.
8534  Bitcoin / Press / Re: [2018-02-10] The IRS Takes Its Tax Evasion Hunt to the Blockchain on: February 14, 2018, 01:46:43 AM
darkangel11. No, but it is still not anonymous enough. The government regulators can follow a suspicious address and watch the funds move from address to address and wait for the user to make the slightest of mistakes.

Also remember, most bitcoin holders who bought during the mania are not that experienced. The IRS would surely come after them first and get what they are owed.

They also imprisoned Al Capone for tax evasion. No one can hide from the IRS hehehe.
8535  Alternate cryptocurrencies / Altcoin Discussion / Re: [2018-02-12] Bitcoin Private Fork Aiming to Make Bitcoin Anonymous on: February 14, 2018, 01:27:36 AM
I am for privacy and fungibility but if you are supporting this fork without knowing who the lead of its development team is, then you are blind.

Their lead developer is Rhett Creighton, who has forked Zcash to Zclassic and a supporter of Bitcoin Unlimited, another bitcoin fork. I reckon he has 2 more projects that were also forks.

I would also never trust a developer who thought that unlimited block sizes was a good idea.

I was happy exactly because I believe that Bitcoin needs - sooner or later - some sort of privacy and fungibility.
Maybe not this way, since I support the real Bitcoin, and maybe indeed I was too happy too fast if this is the person behind this fork Sad

It looks like the intuition to disbelief all Bitcoin Whatever coins was not that bad after all. Thanks for the heads up.

All bitcoin forks are either scams or an effort to acquire money in some way. If you believe that they hard forked bitcoin because they have a vision and that they are passionate, then you are no better than the ICO fanatics.

Also, I reckon the development teams that forked bitcoin are made up of people who do not have enough technical skill and knowledge to develop and contribute in the original.
8536  Economy / Speculation / Re: [Bearish] Bitcoin Risks Crashing to $900 If Dot-Com Mania Is Any Guide on: February 14, 2018, 01:11:58 AM
we can never predict bitcoin and anything is possible. it can drop to $10 or it can rise to $100,000.
but saying it can drop to $900 is like saying all the adoption and rises that went into bitcoin for the past 16-17 months were shit and ALL of it is going to go out! that is impossible if you ask me.
and predicting the drop to $900 is just as silly as predicting the rise to $1 million by the end of this year at this point.


You are contradicting yourself by saying we can never predict bitcoin and following it up with an assertion that if someone says it can make a drop to $900, it's impossible.

Also, that was the whole point. No one would believe in something until it already happened, because it is impossible. Anything is possible.

@Jet Cash. Did you know that Amazon had a $600 million deal with the CIA and that Jeff Bezos is part of the Pentagon's defense advisory board?
8537  Economy / Speculation / Re: [Bearish] Bitcoin Risks Crashing to $900 If Dot-Com Mania Is Any Guide on: February 13, 2018, 04:41:52 AM
@Nosk. I never said that bitcoin will die. But it might follow the same pattern of some successful tech company stock in the Nasdaq before achieving full recovery.

In any case the main argument is if someone told us that bitcoin will go down to $900, we would not believe him. But if we go back to January 2017, if someone said back then that bitcoin will go up to $20,000, we wouldn't believe him either.
8538  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Etherium Classic - Callisto airdop 5th of March 2018 on: February 13, 2018, 02:52:55 AM
Damn, ETC went up a lot this past week. I was thinking about investing in it but I didn't. Opportunity missed  Sad

I bought 100 ETC and sold to get 200 ETC within 1 day. Now it is skyrocketing but I don't care, It will dump very soon

This post is a very good example of someone who, A) really did not do what he claimed to do, B) some who regretted what he did and is now appealing the rest do the same, C) reckons he can make the price go down so he can buy more hehehe.

Sorry, but if you learned from 2 of NXT's ICO by proxy, you would learn that 10x can easily happen with ETC.
8539  Alternate cryptocurrencies / Altcoin Discussion / Re: [2018-02-12] Bitcoin Private Fork Aiming to Make Bitcoin Anonymous on: February 13, 2018, 02:21:15 AM
Bitcoin’s latest fork is just weeks away and this one’s a little different from the rest. Rather than simply tinkering with Segwit or adjusting block sizes, Bitcoin private (BTCP) is adding zk-Snarks.

This may be the first meaningful fork of Bitcoin, although I don't like the fact it has Bitcoin in its name.
It looks like it was announced already in January the 1st, so you are late Smiley
The official thread seems to be here: https://bitcointalk.org/index.php?topic=2675257

I am for privacy and fungibility but if you are supporting this fork without knowing who the lead of its development team is, then you are blind.

Their lead developer is Rhett Creighton, who has forked Zcash to Zclassic and a supporter of Bitcoin Unlimited, another bitcoin fork. I reckon he has 2 more projects that were also forks.

I would also never trust a developer who thought that unlimited block sizes was a good idea.

8540  Alternate cryptocurrencies / Mining (Altcoins) / Re: [2018-02-12]Bitmain To Release Ethereum ASIC Miner F3 With 72Gb DDR3 Dram In Q2 on: February 13, 2018, 02:05:47 AM
I though that developing Ethereum ASIC would be unprofitable because of their plans to switch to PoS, but it seems like Bitmain has calculated otherwise. Maybe it will be usable to mine other coins with the same algorithm. But since it won't be able to mine all GPU algorithms, GPU mining will still be around for a long time, so if this ASIC will take over ETH mining, current ETH miners will just switch to other coins.

I reckon Ethereum's switch to POS is still years away, or to some critics, it might never happen. But if it does make the switch, there's always Ethereum Classic waiting, which has a capped supply and it is deflationary in nature.

Also with Asic miners around, ETH's price might crash because of its unlimited supply and the developers' unwillingness to start the Ice age, or did it already start? Sorry, I don't follow Ethereum anymore hehehe.
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