You had me nodding all the way through your post, STT, and even asserting "Amen", even though I am not religious, until your last sentence.
>>>>>>>>Biggest problem right now is exclusion of participants by failure in the transactions fees<<<<<<<<,
Sounds like you are making up shit, here.
Sure there is some truth that transactions fees have been high recently, but get real... we had a spam attack going on and that spam attack is part of the creation of a false narrative to get folks to buy other coins and a bunch of bullshit mumbo jumbo asserting that bitcoin is broken and that it has a BIGGEST problem. Get out of here with your "biggest problem" rendition.
Its a problem for me or many others not able to shift great amounts, I dont know who is creating the problem and why but it has to be got past by any means necessary. I've heard it could be spam or a couple of things, I dont doubt people could try to attack bitcoin for their own gains but in any case a solution has to be found. Most people in the world are pretty humble, I always see the smallest of trades being ironically the most important and most genuine kind of trade possible. How big is the Coke company and all its doing is selling sugar water in a can right, I want to see Bitcoin back to being able to handle the tiny trades and respecting the little guy. I still see FIAT as the biggest threat to crypto, the banks very much want to take over the idea and do it their way with a centrally controlled unit value. They'll win if people become divided I think
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We saw it happen in the alt market too: ETH pumped to the moon just a month or two before the DAO hack/exploit happened.
But of course you can stick your head in the sand and think whatever you want though. I care not.
Of course, manipulation is going on, and even moreso in alts, and you do care, so stop saying that you don't or you will make me sad. ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif) It would be more irrational to believe there wasn't any market manipulation going on. Every market has this, this is like people declaring bitcoin is used for crime when Dollar and Euros notes are the most popular way to transport value by criminals world wide. Gigantic liquidity is why, watch the last series of Narcos for a fair explanation of the illegal trade constantly conducted in Dollars. The point is to have an open competitive market available to all, then you have the basis for capitalism to take place. Not that people will stop being greedy or trying to be dishonest, of course they will. Biggest problem right now is exclusion of participants by failure in the transactions fees
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The problem here is the question is CAN? yes of course Bitcoin can reach 40,000 however I dont think 11 or 12 months is really long enough to be speculating on what is more likely a long term cycle event. The last price obective I heard from someone speculating on the tail end to moves since the Mt.Gox sell off was a rough estimate of 15,000 to 25,000. Think of it like a high tide and low tide, free markets follow natural patterns in that way. The tide never rolls one way forever. So 40,000 is possible but unlikely this year I think. I will post the reason why I think 40k is possible not impossible and that is the decline of the dollar. Every price is a combination or fraction of two factors. So bitcoin relates to dollar and dollar is in decline for decades now, hence 40k is possible ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fh1F8l00.jpg&t=664&c=g7gwF-G3nh38qQ)
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The price of bitcoin begin to rise in mid-year and because of the huge increase last year it ain't possible that before the 2018 ends bitcoin will be $20 000 again. In fact, the price could be bigger than that because many establishments and businesses are planning to add bitcoin as payment method.
Honestly it is not impossible for bitcoin to surpass the expected price of $20 000 because as long as many people uses and the demand increases, the price will grow as well.
Business would support Bitcoin if it was more capable basically, thats the current problem. Its possible BTC got too far ahead of itself relative to actual trade done. The very obvious drawback to excessive transaction fees is the usage is not expanding at the rate the price can justify, its overblown. 20,000 is easily surpassed if they solve the negatives that are holding back BTC. A obvious point to that gain would be the fall in value for US Dollar over the last year, this is the worlds reserve currency held by billions of people. If only a small amount of those holders seek alternatives such as Bitcoin then we can see double the ATH of 20,000. Confidence counts considerably and so far BTC has not done itself any favours by restricting the spread of bitcoin by common population. Speculators and big business is not enough to drive the price, those people are not the backbone to higher pric. The worlds largest companies revolve around the simple sale of such things as a can of Coke and that level of commerce needs to be done in BTC. If bitcoin wont handle it then another crypto will break through and take the trade away.
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Markets are irrational, we can all acknowledge the market has become biased towards speculation over actual trade. It would be positive to see more growth but its hardly possible currently when we have the stupid situation of a mexican stand off with transaction fees where nobody is going to win long term but somehow it doesnt matter to the price. Thats not really a conspiracy or even fraud, malintent just a bad combination of factors I think.
Never attribute to malice that which is adequately explained by incompetence
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We can't even really harvest solar and wind yet without subsidies.
I thought Solar had become feasible now. Not far from my house there is a solar farm that is feeding an oil refinery pretty sure (ironic). Now the weird thing is where I live its not even that sunny but apparently they've produced something usable in a field for the factory, maybe because it can be placed so close. The solar farm is next to a school which a normal power station couldnt do. I rate hydro power over solar but it needs further development. I also live a mile away from the worlds largest tidal range resource, they dont use it... So lots of waste and inefficiency remains sadly ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F2s6pZcsg.png&t=664&c=zbzd8gbdzlM8Cw) Yeah. Price and On Balance Volume have been telling opposite stories lately. $7500 incoming. Then $5k, then $2k, then moon after that ; )
I noticed this also but I dont agree with your conclusion exactly. It only means right now a possible weakness lies, chart predictions are always possible scenarios or so the more experienced people I listen to say so. A decades long trader whose covered crypto some for a while: https://www.youtube.com/watch?v=FOLs46mTO2c
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Its not scarce overall, its depends on the population. Merit available for the lowest ranks is very rare clearly as they are not given much on this scheme starting, the idea is promote those who are posting properly. So long as there is lots of active users from the higher ranks then Merit isnt rare, if somehow the forum was just new people then it would be rare thats true. I checked your post history but couldn't find anything unique to give to merit to especially, guess Iam scrooge ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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On the contrary, it seems that people are not giving out as much merit per merited post as I'd hoped. Any post that deserves to be read should get merit, and really good ones should get 10+. If people with plenty of sMerit to spare persist in giving out only a couple of merit per post, then changes will have to be made to either disincentivize sMerit hoarding or adapt to the lower amounts.
Merit sales are not an issue. All illegitimate merit will decay, and will account for a tiny and very expensive fraction of the total merit economy. It's basically a rounding error; fight it where convenient, but waste no sleep over it.
On the flow of merit: imagine how the (US) road network works. You have the huge interstate highways, and the gaps in-between them are filled by state highways, and the gaps in-between them are filled by county highways, etc. Merit is like that, with sources taking you 95% of the way, and the decaying sMerit filling in the gaps.
Always interesting to see a new kind of system pop up and how it circulates, accumulates over time. There is an obvious inflationary event in its introduction and it'll be lumpy how it spreads because not everyone is even active every day or even every single week. I'll up my game and proceed on the basis of use it or lose it and not be worried about using it all or whatever. So far I appear to be a Merit scrooge but its not my intention I do give just +1 with stuff I agree with, I'll give the max I can if someone posts a new Shakespeare play somehow and posts it on the forum ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) and +10 for anything I really wouldnt have known otherwise, could even be a repost tbh if I just thought it was genuinely useful Anyone being helpful should be +1 even if I already knew that I guess
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Are the tokens Ethereum or Bitcoin based or completely off any blockchain, is the project restricting itself to BTC or would consider alt coins as well. I can think of ETH based tokens related to gambling operations and setups that should prove profitable longer term, it'd be interesting to hear peoples opinions of their viability. Some are esports based token ventures for example which is possibly a newer area then the tradational stuff?
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If you want strong confirmation on the price now, 13,000 would be a good point to watch. This marks a high tide mark along with volume of the last set of red bars. We do have a reversal scenario in play, a falling wedge pattern possibly. However with BTC market action, volatility is much greater and harder to trade I think. Heres my rough view, Im not super optimistic until we pass a good chunk of the volume selling recently ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FtfGCB5l.png&t=664&c=v5_76i_WkG4_1Q)
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Lunar year is on 16 feb, will the market start rising on this date? Or do you guys think it will rise earlier or later.
Chinese are essentially at the demand side of the market even though they have many mining operations, the momentum comes from Asia overall I think. So Chinese new year I do not expect to be the start of a market rise especially. However if somehow it also meant transferring cash to distant relatives ? But I dont think that forms much business personally, its more of a holiday now
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Theres also Blackhalo which can stake and a ton of features including security, multiple keys and all sorts. Spoilt for choice tbh Blackhalo.info There has been a few forks already in Blackcoin and everything went as smooth as planned. A fork doesn't mean that there are gonna be more than one Blackcoin, the fork is intended to implement new functionalities on the coin and bring the possibility to keep development going. THE FORK IS NEEDED and must happen.
I get what he is saying, theres soft fork and hard fork. The most positive is not to split the user base any because that might do more harm then good possibly. If theres positives and advancement in the fork then fair enough, naturally people are apprehensive about division though
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Depends where you are in the world, some movies take a year to get fully released across every cinema, also depends on the size of film as not every production is a blockbuster with the budget to produce alot of copies. Obviously Oscars arent given out by blockbuster status so much, they are awarding to all sorts of small scale releases like the foreign language and special categories.
I believe any film in 2017 is eligible ? So that'd include some done at the last moment - Plumber with his last minute entry stop gap cover in the 'All the Money in the World (2017)' has to be one of the most surprising nominations for years. I think he'll win it personally, it ties into the effect I mention above plus he deserves an award for his lifetimes work
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They wont stop you gambling good size stakes, they are more likely to bring you a free clothes with your drinks or even put you on your own table? If you are already in the casino or a guest I think they want you to stay, if you are trying to get past security at the front and its already crowded then yes you will be asked to come back at a better time. The only time I've been in trouble is for hanging out drinking not gambling, they dont care so much for you to stay if you arent even likely to be on the tables
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@kiindje. My bet is the Shape of Water which is directed by Guillermo del Toro. It was simple but a very good movie with a classic feel. I hope the odds for it will be good enough. But if not then I will be doing a parlay for best film, best director, best actor and best actress hehehe.
This is the kind of film most likely to win, however this year you have the wildcard of the Harvey Weinstein effect. The oscar academy is a bit political so I dont know if the risks of a surprising result are great, perhaps odds are not as good value as they might be normally. The big thing is that some know how the votes go, they'll know the opinions of some of the voters so this seems slightly unfair as anyone in the industry might have a better take on the current spirit or consensus voting pattern.
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Its the control factor really, if you centre everything around gambling and exclude normal activity just to gamble then its become a negative for you. Ignore the emotional considerations just financially, its unlikely to be of any benefit if you only gamble on someone elses terms. The best thing anyone can do in a losing streak is to walk away and come back when they choose to do so. It means they regain a better frame of mind and restore their own terms to the game, I think people in control are more likely to win. Never let the game to play you ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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The betrayers will be betrayed by dishonesty within their own conspiracy to defraud, is that right. The weakest point is surely from alternative blockchains not diverting this one, I prefer the proof of stake system which involves the largest holders in confirmation and makes it necessary to divert those funds simultaneously to defraud the whole chain. The best security comes form open competition, I dont like that mining has come close to a closed system That's more than 3 miner pool owners ! I agree but pool owners dont have perfect autonomy over every miner in their pool. I would guess miners under the pool will detract from the admin decision. Not many will want to mine by themselves but its not too hard to setup a new pool to consolidate a vote contrary to the owners. It would be true in the short term though.
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Is anyone familiar with the protocol or scenario for recovery of tokens sent to a Bittrex address. I was already aware it was a mistake and gave a private key wallet address to be used but these tokens were apparently sent out automatically with incorrect information, I did inform them not to use that address but unfortunately it happened.
I'd appreciate it if anyone is aware if recovery by Bittrex of the tokens is time critical, those kind of factors or how I could proceed best ?
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I have some tokens in MyetherWallet and I want to transfer it to exchanges (hitbtc, etherdelta, bittrex). This is the first time I will do some token transfer. Im confused with the Gas on Send Token page on Mew.
How to send tokens? Thank you.
I got sent some Tokens, I asked them to be sent to a wallet (imToken) but they used a Bittrex address instead so the tokens are lost ? Anyone have some insight on that scenario, I see them deposited on etherscan but bittrex struggles to give a deposit for normal ETH nevermind tokens so can I do anything now ?
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Using or building anything on top of such a system is pure idiocy. This is why people say the existence of physical money is a basic human right in comparison to a "cashless society". Through the attempt to try and minimize hops and channels constantly open, the Lightning Network will obviously evolve into the typical hub and spoke model like all critics suggest.
So Cash is King as they say. So you dont approve of Indias moves in 2017? Even plain cash can be debased and obviously its happened with dollar. With physical money involving gold silver copper there was still a problem with failure to maintain a standard measure. So gold coins or whatever end up having to be a set dimension and a known weight so it can be measured and shown to be true value. I dont think any system is fool proof or without costs to transact, maybe we need all of them competing fairly against each other for balance. The common problem is a centralised authority that inevitably becomes corrupt and self biased, thats where the 1% was most likely derived from. Imbalance in itself is a feature of every economy, inefficiencies, failures and fraud even is normal bumps in the road ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Only thing I see as positives is distribution and open competition, Bitcoin lacks proper competition somehow. Distribution now is biased to speculation not common usage? https://mises.org/library/inflation-and-fall-roman-empire
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