Yep this is correct, some of the most hard core posters are here just to gain/exchange knowledge on their particular subject.   Their speculation is in the hardware and sometimes more then small farms so knowing what raises hash rates is really a big deal.
Most of the threads I read are alt coin farming but sometimes I read on the bitcoin mining though its been years since I've been able to do this myself sadly.   I always thought the network was best when most widely distributed but I guess it couldnt stay that way :/

Some miners do guides and are very helpful to others and deserve more merit and attention then they get but most of the posters there seem to be lower ranks with little merit circulating, so it seems.

Thats your personal judgement call, the price rises due to interest and speculation on holding both of the coins.    People are willing to believe an overall gain may occur and just the collective consensus of more people holding that coin is enough to raise the bids vs offers on the market.   That effect snowballs and you end up with no small gain in the price.
Look at the fork and consider if its justified perhaps, I guess that would be the biggest question.   I'm pretty surprised any fork is happening, Im sure I have a wallet I have not claimed from the original fork that occured.  I guess I should look into that before the 15th ?

I'll also look at a graph for BCH to layout possible price points to watch

That was my understanding, I was reading some disapprove of giving merit to ANN threads.   But if someone puts alot of effort into coding something valid and real and yet that is a new account and seemingly a newbie I'm probably going to give them some merit so long as Ive read through some of the work done.  Anyone does some genuine advancement in crypto even if you dont appreciate that direction probably deserves some recognition.   Some disagree with that and prefer just to favour purely Bitcoin, thats fine but the difference would be opinion or freedom of speech and expression.  Thats the correct system for a forum because people will always disagree on various points.

People who've created false merit like OP mentions are going to betray themselves most likely.

FIAT will be  used by the countries and citizens in which government did not part take in large debt spending deficits.   The world is dominated by Dollar, that can certainly change but its already the case that many cash notes are backed by real assets not debt.

I think the currency of Norway is very strong, with a sovereign wealth fund not a national debt behind each note.   I dont expect them to suffer especially while still an active successful economy, they have a very positive buffer.

Places like Venezuela are already seeming to switch over to crypto as they have to print so much paper its no longer viable to continue.  Of course the government there is not likely to operate a fixed protocol like Bitcoin is but it will be interesting to see how it progresses for them.   Cash will always exist I think, we may find its backed by gold in future and other standards perhaps.

It does make sense that Russia would be involved, because they are also under sanctions and so are united by a common enemy in needing to avoid curtailed global trade.   I believe their sanctions relate to the invasion of Ukraine, including the shooting down of a European passenger jet with top military missile launchers badly used by a militia armed by Russia.  A very sad tale of misdirected aggression with the population suffering most of all and not likely to change any time soon hence establishing trade relations with Cuba or Venezuela under sanctions is nothing new I guess.   Though Russia is a large oil exporter its slightly confusing on their interest, I guess trade might expand to many things for that reason

Has receipt of the tokens occurred for any buyers so far, thought I would have heard of it in the news by now.

I dont think soar is the correct adjective as I would view more of the price climbing a ladder.  One rung at a time, the reason being previous selling and some buyers from that time who now wish to check the price or offload back at even rather then wait any longer.      Doesnt mean its strong selling, but some sellers to meet any bullish and buying into this rise.   This means a climb not soar imo

On my chart each line relates to partial recovery of the previous decline leading to April low

Is it too late to post this, one of my fav cartoon memes. click for video

9277 is some relation to the 8500 area and another stage of the recovery from high of Feb and early March

Seems fair reasoning.   This is the blockchain that proceeded with least disruption and most compatible time line.

The tax story made most sense because its an event bringing sellers together.   Not that I think that its long term bearish but it creates liquidity in the order book, it lowers the price by producing more offers at any price.  Naturally more offers then bids lowers the price some.

The reason it might be more noticable this year is the bigger gains then normal since last April.    Of course this is just a local effect, temporary and thats why it was a decent to buy into.   Its never just one reason, theres technical points on the graph that were outlined also.   Many different points varying around the globe but I think the tax was part of it.  Unfortunately, I dont tax should be payable on simple currency but sadly government has plenty bills to pay.

Not necessary when the bad use of merit will end itself.   The poor sending of merit is unlikely to be attached to accounts also receiving large amounts.  When merit is sent it reduces it by half so I think it will naturally favour good posters over the bad.   Eventually people just run out the buffer they were given when the scheme started.

The really obvious cases, maybe where accounts are being traded will probably be modded anyway.  Micro management of peoples personal decision to favour particular forum posts or not is not the way to go imo.  I dont think thats the policy anyway as it would add too much workload, merit is just a bonus type system nothing too serious.

Bitcoin will be shut down from within if any scenario was viable in that way.    The way that some miners have forked away to another blockchain type is how the original protocol would most likely end.    I dont see it ending from external means otherwise, just one government is not a reason as Bitcoin is a global transfer system and remains anyway.

A bit like how Dollars were banned in the old USSR system, they were used anyway at least on the edges of that empire because regardless this was a good system or better system then the communist operated rouble at that time.    The reason to doubt Bitcoin would be for internal reasons, I did see the fees being so high as a possible end but it has been resolved and luckily it was seen correctly as a problem for long term viability.

Could I please change my segwit address on the spreadsheet details to:
 3HnKiDGKh27vaXbxbACdzoNYySxkiHJRPo 



Best flag in the world



I believe there is alot more depending on the browser or maybe its the forum software perhaps not sure.  These below may not all display sadly 😞

☺ 😊 😀 😁 😂 😃 😄 😐 😯 😉 😈 😇 😆 😅 😑 😕 😠 😬 😡 😢 😴 😨 😧 😦 😥 😤 😣 😮 😩 😰 😟 😱 😲 😳 😵 😜 😛 😍 😒 😞 😷 😶 😝 😋 😗 😙 😘 😚 😎 😓 😏 😪 😔 😖 😌 😭 😫 🙋 🙌 🙍 🙅 🙆 🙇 😻 😹 😸 😼 😺 🙏 🙎 😽 😿 😾 🙀 🙈 🙉 🙊 👴 👩 👨 👧 👦 👶 💩 👵 💏 💑 👪 👫 👬 👭 👯 💂 💁 👷 👮 👥 👤 👰 👸 🎅 👼 👱 👲 👳 👺 👹 👻 💅 💇 💆 💃 👽 👾 👿 💀 💪 👀 👂 💙 ❤ 💋 👅 👄 👣 👃 💚 💛 💜 💓 💕 💖 👎 👍 💟 💟 💝 💘 💗 👌 ✊ ✌ ✋ 👊 ☝ 👆 👐 👏 👋 👉 👈 👌

Price should not matter as much as the underlying product being usable on a regular basis.   Since December we've had both a price drop but also the fees have dropped far more to become of no impediment to business once again.  The fees part of this is far more important in answering your question. 

Speculators may dislike the drop but also people can speculate on a drop in price also, I dont see the price is a reason to no longer have an interest in crypto.

I understand the basic idea is to formalise registration, avoid bots.  To require money is a step away from free speech that this forum clearly supports.
I'd say no for the same reason I think Bitcoin fees should always be as low as possible for at least the slowest transactions.  Its a global product and for true growth and to enable the whole story behind Bitcoin you have to include everyone in the story even the poorest countries.  Even where the person on this forum might not even own a computer, might just be using a library for 10 minutes.   Someone who is a teenager even who is very young without proper banking access is very common in developing countries.
  Look at the guy who setup ETH at a very young age, I would not want to see anyone excluded or discouraged from joining because we in the West presume its easy; its a negative really.

The merit system requires the forum member to spend a minute editing a post and thinking of reasonable points to make, everyone on the planet can do this.  Since they are including local boards, anyone can pass this bar and thats how Bitcoin should always be.   I do think its a requirement for success longterm to be inclusive and Im sad when BTC takes any bias towards serving the largest transactions excluding the smallest.

There needs to be a set process to KYC so that Identity documents cannot be sold on as a commodity by these businesses demanding KYC information from their customers.   Like we saw with Facebook recently this is always possible that personal information can be used for commercial reasons to target certain users.

Hopefully it should be the case criminals can obtain this information but also there should be a protocol to KYC agreed on by all crypto participants where documents are destroyed after processing and confirmation of that person.  That seems best rather leaving it a liability for the consumer to deal with and also for the business who must now avoid being hacked of this info.

A business should not be able to profit from KYC demands.  I understand if a company must comply with some regulation but its also possible they seize funds and never enable the customer to regain access which should never be possible.

I'll be starting a petetion to gather signatures from the crypto community on this issue, so a due process is agreed across the industry.

A trend to go straight up or straight down does not exist long in any real adjusted market.   Certainly Bitcoin does have a use and utility to it that is recognised worldwide so zero is unlikely.
If you wanted a simple answer to this its no, trends vary and there is always many threads woven into an overall picture you are seeing. 
A market never moves in a straight line because it would be handing out free money to whoever wants to short or go long.   Its never that easy, also we have millions involved in bitcoin with their own priority to buy or sell at that moment and not all are speculators.

I always think its safest when we have the many over the few.   The reason being a few people may agree at the same time and crash the price.   A great many people will not agree often and the price remains a mix and useful in matching some buyers to some sellers.  It takes on a source of liquidity and the coin is useful in matching those varying interests.  Like any trade, someone has too much of a product and wants to swap to another product they have none of.
Bitcoin matches this idea and it wont go to zero ever so far as I can tell.  Just worry about the core protocol, if thats good the price is secondary to its prime use.  Fees are way down, Bitcoin is more useful now!

No China is more important because China has an economy where business is heavily intergrated into government and does not exist properly without the control of central communist leaders.  Obviously there is a thriving private Chinese business 'underground' but its very bearish if these companies are to be seized at any point.

I would say the surprise is to the upside for China in general as they have already ruled against it quite heavily.  I thought the great Chinese firewall was more of an obstacle then that, to small consumer movement maybe not but any attempt at a bigger business is affected by Chinese policy.   Since China is such a large country with over a billion, its going to affect us all to some extent



Its a mistake but its also not something a government should be ruling upon anyway.    Do they have ruling on magic the gathering trading cards also, these are exchanged for money.   Is this also a problem that must be made illegal.
The whole thing is nonsense if considering people should be free to use their private capital as they wish in a legal peaceful way.
The historic thing to mention with India is they have often not been an especially free society, elements in the country are still in favour of communism.   I'm happy to hear if they do respect indivuals and free capital but they are not yet close to the western system so far as I know.

I buy with zero confirmation on bitcoin all the time.  Its a gold price fix for deposit, I guess if it were fraud or incorrectly displayed they could just reverse it anyway.   My purchase is not for instant delivery so its not really a problem, surely this is the case in lots of transactions.    The problem of buying a cup of coffee even doesnt seem that great as they can just ban you from your local and the shop has only lost a disposable cup really.

With say buying shopping, my local supermarket has a system to checkout your items as you take them off the shelf and put them into the trolley.   By the time you come near to the exit of the shop, the items would have already gone past more then 1 confirmation I guess so that system could work with bitcoin also (its been done via some FIAT mobile phone app currently).


Alot of commoditys expire after some time, even copper can degrade.   I dont really agree with the idea of ransom, its utility people are paying for.   In any case most commoditys are obtainable via alternative means, cornering the market seems quite unlikely in most situations.   Platinum I read is unlikely to ever become a monetised commodity because the reserves are too centred to Russia apparently.    I'm bullish on gold but theres a ton of the stuff out there, banks are buying this up actively but it still wont ever actually be rare howver demand could outstrip supply over a decade.      Thats comparable to growth in bitcoin, supply is lower then likely population growth of users.
  A feasible scenario leading to likely price rises, with gold the higher prices enable greater production ditto oil and many other commodity types but bitcoin supply growth never occurs hence the price dynamic we've all become accustomed to.

Maybe he has edited it since but seems readable enough and ok points made about the background to a price on various factors.    Not that I feel massively compelled to give merit there but if I find the poster is brand new but has made a reasonable post, put effort into it and is below 10 merit as in this case then Im far more likely to award merit.   I think thats the point of the system partly, 'what we're supposed to do'.
  Most of the merit I give without thinking is often to other Legend members just because they are way more likely to post something in my own line of thinking but actually those guys dont need it so I feel obliged slightly to give some to the new members who actually make an effort.

Also good job by OP

I can hand a free tip to anyone wanting merit and thats to use chrome browser for this forum and select English as the primary language and allow it use a dictionary on all your posts.   Every time you post, click preview and it will highlight all the words that got mistakenly misspelt.  

I dont think a grammar check is as easy to do but just correcting the basic mistakes is a good start.    I cant really merit anything that isnt laid out properly or edited out mistakes.   I mean if your post is pure gold then sure it can be over looked some and my writing is definitely not perfect but usually poorly written equates to worthless content unfortunately, its quite simple.   People wont read it nevermind give merit.

Its good news that local boards will have merit sources, so long as its not exploited or has some oversight.

I dont know if someone better placed wants to correct this guy but his idea of Proof of stake seems to be incorrect.  He says Ether is proof of stake ?  He does respond on twitter occasionally I think
https://youtu.be/I4xpZm7JlqU?t=1160

He is giving lectures in many places and is an economist specialised in macro economics.  Formally council for LTCM (foreshadow to Lehmans), he has involvement with the FED but backs gold to take over from Dollar reserve.  He says crypto is money but believes it will fail anyway, would good if he changed his mind on this particular point anyway.  He says byzantine consensus is better then POW or POS