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The next big pump is being done by the developers and initial investors of Zcash.
All hail our Jewish overlords.
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If this took place on the 13th of October, they only mentioned it within the last few days?
That seems very suspicious.
Like a Ponzi scheme that ran out of funds when people tried to make withdraws after they ran away with the loot.
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With the release of Zcash and the huge investment it will get from people who don't realize its a huge scheme cooked up by the Mossad or NSA or something,
I expect Monero to lose both volume and value for a bit.
Hopefully people wake up and realize that Zcash is seriously flawed and very likely nefarious,
and move back to Monero,
but people are fucking retarded.
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Price will go just above $700, then back down $10-15 and stay there for the next few days.
I do believe that once we reach $700, the jump to $750 is not far away.
I still think the $800-1000 range needs some additional news or another big service to generate some new users, though.
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Zcash is one of two things-
a brilliant marketing scheme promoting a subpar coin based on a flawed system
or
a government backed plot to issue a "anonymous" payment system that they have 100% control over
Possibly both.
But there is NO FUCKING WAY I would ever accept or send payment for illegal goods with Zcash.
I wouldn't even feel comfortable using it to buy a song on iTunes.
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I think that right now, with all the uncertainty in global markets, the crash of any of the big currencies- US Dollar, Great Brittain Pound Sterling, Chinese Yuan, German Deutschmark, etc
would be a bad sign for everyone.
The global economy is linked together, and any of the large counties becoming unstable might lead to markets becoming unpredictable across the entire world.
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That is very cool.
I didn't know this map existed, thanks for posting!
There is a Bitcoin ATM on the way I come home from work. I may not be able to get there today, but maybe I can stop by next week and post an update!
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Everyone is so busy thinking about their hot new coin, how much money they will make, no one even cares that there are zero details confirming the "Trusted Setup" But it doesn't matter, as long as everyone makes money, right?  |
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Unless you have a large amount of money,
or were able to coordinate a very large amount of people,
it would be hard.
Your competition is the Chinese mining companies and whales who have desires to move the price for their own gains.
Nothing is impossible, but it would certainly take a large amount of planning and dedication.
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Yeah you have to go to the FAQ section to get the hardware specs.
The 1TB hard drive is a little troubling to me. It seems like you would want to put a 5TB drive or something, especially considering how cheap storage drives have become.
Can they use some form of compression or another technology on the blockchain in the future?
I like the idea and the fact that they are trying to offer a service that combines a node, a wallet, a bitcoin mixer etc in one platform.
Its a cool idea, at least.
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Bitcoin or other crypto payment coins would definitely enable people from emerging markets to make online payments,
as long as there was some sort of service for them to convert their fiat currency to electronic coin.
This will still be a barrier, but it provides a huge opportunity for a company based in some of those areas.
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If you notice, there is never a reply from any of the devs when someone brings up the question about how they will prove the trusted setup is secure.
This is a security agencies dream come true.
An "anonymous" coin that you can totally monitor and manipulate.
Sorry but I have my tinfoil hat on when it comes to Zcash.
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Economic instability in several regions,
coupled with the recent news that there may (finally) be some technical improvements in the Bitcoin code,
are creating a growth of interest in Bitcoin.
Plus you have rumors of new services like Megaupload using Bitcoin for their service.
The price also has been pretty stable after the volatility around the time of the halving,
so I would think its more likely to go up at this point than down.
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I bought a couple REP when it dropped to just above 0.007
I would have bought more but I was scared it was going to drop like Factom did and end up in the 0.002 to 0.003 range.
Augur is really interesting and may end up doing well, but it seems to be riding the Ethereum hype train right now.
If Eth falls in price and popularity I wonder how much this would affect Augur and the price of REP.
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I like ETH and some of the associated projects like Augur, because I think they are very interesting.
But I feel they are over-hyped and over-valued by a bit currently.
With BTC rising a lot of other coins might lose some traction since everyone will just sit on their BTC.
Then again, I'm far from an expert investor/ trader.
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Bitcoin is dead.
Long live Bitcoin.
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$750 by the end of the year for sure.
Possibly higher if we have additional news or the hype stays strong.
I just wish I hadn't invested so much of my BTC into altcoins over the last couple of weeks since none of them will probably go up as much as Bitcoin.
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Im glad there are users in the thread who realize that the government actually has power to harm Bitcoin.
Some people undersetimate the capabilities of the major powers when it comes to cyber warfare, control of the internet, etc.
It's also foolish to think that they don't already have plans for Bitcoin or any other transaction system that requires the internet to function.
I remember five years ago telling people that the NSA was collecting phone data on everyone in the country and no one believed it.
"There is no way they could collect that much data!"
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If the government were to pass regulations outlawing Bitcoin, they would probably do a few things
1. Stop any financial transactions.
Exchanges would be shut down and any payment processing companies would risk fine/ shutdown if they dealt with bitcoin.
This would make it hard to convert fiat into Bitcoin and trade Bitcoins.
2. Attempt to shut down any large Bitcoin related sites.
They may attempt to force ISP to shut down sites/ stop DNS from resolving to hostnames of big Bitcoin sites.
It may be hard to shut down the actual Bitcoin network but without a way to convert back to fiat and all the exchanges shut down a lot of people may lose interest quickly.
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