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I think you are right here: ...I think that people are overly confident that no one will care if a majority of the hash rate leaves the network. But I think what matters most is people's anticipation of future value/price of both chains. If their view is that slowed transactions on 1x is just temporary it may have little effect on price. OTOH, as btc1 is already one or two software versions behind Core, and prospects for competent maintenance going forward seem increasingly dubious, it seems reasonable to expect it to trade at a discount to the legacy chain. Given that hash rate does not directly affect trading on exchanges it seems reasonable to me people may sell whichever chain they don't favor sooner than hash rate can affect the price via people's perception that the legacy chain's tx throughput is a problem that will make it worthless, or worth less than btc1. I hope my reasoning doesn't seem to muddled. Anyway, just my 2c. |
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Their original intention was to have a much higher amount of hashrate than that. I suppose they've got almost nowhere to go but down from here if people keep losing faith.
That said, it looks like the amount of support SegWit2x is losing is still not quite as dramatic as it's being presented. It's going to require most of the major players, including BITMAIN, to back down for it to become less relevant. For now, it's still a very significant event and there's not long left to go. It is indeed a very significant event. I'm more interested how significant a threat 2x currently poses. I find it curious that btc1 node numbers have lately risen considerably, and in a fashion that seems indicative of corporate gaming, not groundswell demand or grassroots preference[I would note J. Lopp's observation that ~800/900 btc1 nodes are running on AWS]. After spending so much time and effort asserting that only hash-rate matters, and full nodes are to be wholly discounted, it seems the prime movers behind 2x are themselves not wholly convinced of their own arguments. This is something I see as one of the surest signs this thing is DOA. Perhaps it's all over but the crying? |
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Today the CEO also penned the following official company blog post (google trans) Daniel Vogel Building Bitcoin in Mexico with @bitso. @stanford CSE & Economics, @quantcast, @harvardhbs MBA Nov 2 https://blog.bitso.com/planes-para-el-segwit2x-bitcoin-hard-fork-e347117298e8Plans for the SegWit2x Bitcoin Hard ForkUsers of the Bitso platform do not have to take any action since their BTC funds will be safe. In this blog post we present detailed information on the current situation of Bitcoin for the benefit and safety of our users. If you still do not know what a "Fork" is, we recommend you read our blog about Bitcoin Forks. In Block 494,784 of the Bitcoin block chain will occur a Hard Fork. This will be approximately during the dawn of November 16, 2017. This is a contentious bifurcation (there is no consensus among the players of the network) and the expectation is that two chains will survive. One of the chains will be governed by the code maintained by the Bitcoin Core team and the other will be governed by the code generated by the segwit2x (or btc1) team. For us it is important to serve our customers and therefore we will support both chains. NomenclatureThe chain governed by the current Bitcoin rules (and governed by the Bitcoin Core team) will continue to be called Bitcoin (BTC). The chain governed by the new rules (and governed by the segwit2x team) will be called Bitcoin2x (B2X). Given the uncertainty of this Hard Fork and the probable unviability of any of the chains, we may decide to change this nomenclature in the future. BalancesAny user of the Bitso platform that has a balance of BTC will be credited with an equal amount of B2X using as reference the moment of publication of block 494,783 (the last common block of the two chains). The accreditation of these funds may take several hours or days. Announcements and Retreats of BitcoinFrom the block 494,700 the funding and withdrawals of Bitcoin will be suspended in the Bitso platform. Any funding that is confirmed after block 494,700 will be credited when funding operations resume. The Hard Fork is technically complex due to the lack of "replay protection". This will cause the funds and withdrawals of Bitcoin and Bitcoin2x to remain closed indefinitely until we can summarize them safely. MarketsBitso's markets will continue to operate normally. Two new markets will be added after the fork: MXN / B2X and BTC / B2X. Frequent questionsHow do you plan to protect bitcoins if there is no replay protection? “There are different ways to ensure that transactions on one side of the fork are invalid on the other side of the fork. At the moment we are planning to use a method called "tainting" to prevent transactions from being valid in both chains, but we are still exploring options.”I heard there was a fork called Bitcoin Gold, why were not those funds credited? “At the time of writing this blog, the Bitcoin Gold code is still not functional. There is no bifurcated blockchain for Bitcoin Gold. For this reason there is no support within Bitso for Bitcoin Gold.”When will they enable BCH funding and withdrawals? “We are working on solving this as soon as possible and we hope to achieve it in the coming days. We will announce in our social networks when these are enabled.”Thanks to Luis César, Marisol Vargas, Ben Peters, Belen Scaglia, Santiago Creixell, and Ernesto Contreras Escalona. |
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This is not a blockchain upgrade. This is a chain split and we are failing to address legitimate safety concerns for the users of this network. We had ZERO users asking us to keep support for the now dead pre-Byzantium ETH chain. We have tons of users asking us to keep support for their "core" BTC. Text in Full: There are few things that are clear to me about this upcoming Fork. But the lack of consensus is definitely one of them. Sorry if I just made you puke Ben.
Given this is a technical mailing list, I would urge everyone to rethink the S2X code from a technical perspective. The code base was written as an upgrade to Bitcoin. I believe there is enough hard data out there to make it clear that S2X is no longer an upgrade.
F2Pool backed down
Slush Pool was never in
ViaBTC said none of their customers are requesting S2X
BTC.top said they will just mine whatever is more profitable
When do we stop and rethink? When we get to less than 50% hashing power?
I know most miners are still signaling NYA on their blocks. There is no cost for doing so and signaling is non-binding. One of the things that was agreed upon at the NYA was better signaling methods - I have seen none so far. Why is this? This makes me uncomfortable.
I am not aware of any BTC liquidity providers that signed the NYA which are abandoning the original chain, which is what happens with a blockchain upgrade (see last month's ETH fork).
Furthermore there are plenty of businesses that will not be supporting S2X.
This is not a blockchain upgrade. This is a chain split.
When we were invited to sign the NYA I saw an opportunity to come together as an industry. Although proud to have signed the NYA - it got segwit activated in a coordinated and safe way (no UASF hell!), I believe the NYA has failed in achieving it's original goal of keeping the community together and advancing the development of Bitcoin in a coordinated manner.
Whether this failure is the fault of some loudmouths in twitter, some trolls in Reddit, or very opinionated and principled engineers and scientists is irrelevant. What's relevant is that NYA has failed to bring the community together and provide a safe mechanism to upgrade Bitcoin as it had intended to do.
I might be stupidly naive or I might just be figuring how decentralized consensus mechanisms work (like many of you, I'd assume), but when asked about signing the NYA I definitely didn't agree to it in order to further divide and cause mayhem, which is what NYA has achieved.
I ultimately think this is about users. We had ZERO users asking us to keep support for the now dead pre-Byzantium ETH chain. We have tons of users asking us to keep support for their "core" BTC.
This is not a blockchain upgrade. This is a chain split and we are failing to address legitimate safety concerns for the users of this network. Daniel Vogel vogel at bitso.com Thu Nov 2 15:30:16 UTC 2017 https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000632.html |
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I think I correctly interpret Tom Zander's comment as an admission that he thinks Bitcoin will have greater value if it is Centralized, Censurable, not Anonymous, and subject to diktat.
I think he may be nothing more than an elitist snake-oil salesman whose interest in others' opinions is solely for the purpose of virtue signalling.
At the very least he completely ignores the fact that there would not be a "entire, global market" for bitcoin if it were NOT open source.
He may as well assert that the price of gold would be higher if it wasn't so damn shiny.
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Bitcoin @ $100? Sell the house
Sell the car
Sell the kids |
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Profit from of mining: 131.17 $ So that would be total miners' revenues for a full day? (I'm newer here) |
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Are you guys betting, or talking? 
Both Nocks and GuldenTrader exchange beta testing has started, my theory about PoW2 and SegSig coming 1st November looks to be coming true. The devs want to make sure the whole of Europe has access to Gulden and not only NL with Euro, this before cryptos biggest blockchain innovative update.
Don't think so, the roll out (phase 1) will be before 1st of Nov. Want to make a 1K bet? I will take that 1K bet. Great! How should we deposit our bets? Pay me the 1000 tomorrow , you have lost the bet already. This was meant to be done in May, 4 months late. What makes you think it will be ready in 4 weeks? It's 4 months late because they added SegSig and latest code base 0.15 . Main dev said PoW2 would of been out already but SegSig is more then twice as good as SegSig with 58% transaction space saving where SegWit is only 25%. |
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the file: https://www.youtube.com/watch?v=jsa6gukwujQthe mission: make it not suck by playing it as a 45rpm record(bigger, skinny-er "disc"er- protocol?)(like some drunk guys may have done on a roadtrip from way up in the hills of Colorado, taking chicks across the state of mind to Denver.... Colorado, and then precitated to onwax the groovedest medium of our [cough],....excuse me?... Sorry So anyway, can YOU do it? Trust me You'll love it |
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Anyone know of someone working on an NLG/USD exchange?
Just curious, as would be nice to not buy BTC just to re-ex for NLG.
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Has anyone heard of any work toward an NLG/USD exchange?
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I don't know that I qualify as a "hodler" as I only started buying in the past couple weeks, but thanks for what I consider sound advice.
I noticed that of the original signatories to The NYA, some 20% are Chinese, and I dare say, essentially defunct for all practical purposes for the foreseeable future.
Any thoughts would be welcomed.
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Wow.
Uh.....
"Consensus" 2018 outta be interesting.
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Thanks MJ[], and as a bonus you answered my next question, "What did The NYA say?"
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There's a lot of stuff I don't understand being thrown around.
So I just want to ask a very simple question...
"Who signed The New York Agreement?"
Thanks
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17 September 2017 "New cryptocurrencies are emerging almost daily, and many interested parties are wondering whether central banks should issue their own versions. But what might central bank cryptocurrencies (CBCCs) look like and would they be useful?"  https://www.bis.org/publ/qtrpdf/r_qt1709f.htm- H/T Zerohedge |
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Hi, sorry for the long wait for a reply... You do not need to own an asset to trade futures for it. Say i have tezos and i want to sell them on hitbtc, how would i do that? You will have to ask hitbtc. I don't know anything about specific exchanges, or their policies. I don't trade futures, I've just picked up some info over time. Good luck, be careful, and don't trade on margin until you REALLY KNOW that YOU KNOW what you are doing. |
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Hi there! Thanks for taking a peek. So I’m all excited because my OneRNG arrived the other day. I’m well on my way to better security! BUT… I’ve no earthly idea how to use this thing!  I’m on an old Macbook Pro(circa 2006?), that can barely run Mavericks after some hardware upgrading. I’ve got OpenOffice. I know any competent user would have no problem generating strong passwords for all their accounts… but a competent user I am not. I know what the command line is, but I’ve never used it, or Terminal, for anything. Now what? Is there some simple method to whip up a few passwords you guys can point me to? Any help would be greatly appreciated. -ELI85 P.S. I’ve visually verified the hardware as instructed here: http://moonbaseotago.com/onerng/#starting I’m going to ignore verification of the firmware, that’s well beyond me.(Perfection is the enemy of good, nee?) |
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edit: Also, the futures contract's specified settlement/execution date may be far enough in the future that the underlying will be available for delivery.
Hope that helps, I'm no pro BTW
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