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1  Economy / Speculation / crytpto hedgefunds are shutting down massively on: November 22, 2018, 02:30:59 AM
More and more hedgefunds are shutting down because of the tanking bitcoin prices: https://www.marketwatch.com/story/how-bitcoins-meltdown-is-ravaging-hedge-funds-2018-11-21
2  Economy / Speculation / Nobody is using crypto's to pay anymore on: August 02, 2018, 11:29:28 PM
According to the latest report by bloomberg https://www.bloomberg.com/news/articles/2018-08-01/bitcoin-s-use-in-commerce-keeps-falling-even-as-volatility-eases
3  Economy / Speculation / Lightning Network = centralization on: April 01, 2018, 01:55:01 PM
So like I predicted many times before, Lightning network equals centralization, as we can now see: https://lnmainnet.gaben.win/
There are almost no 'client-to-client' channels like the enthusiasts predicted, but it's mainly 'client-to-hub'.
It's so ironic, people wanted BTC for decentralization and then invent "Lightning Network" and it's becoming centralized again around big 'banks'.
4  Economy / Speculation / Bitcoin miners are now losing money on: March 18, 2018, 03:29:32 AM
https://www.cnbc.com/2018/03/15/bad-news-for-bitcoin-miners-as-its-no-longer-profitable-to-create-the-cryptocurrency.html

What is this going to mean for bitcoin, if nobody wants to mine it?
5  Economy / Speculation / First bitcoin mining ban in the USA on: March 16, 2018, 01:47:37 AM
https://motherboard.vice.com/en_us/article/8xk4qv/bitcoin-ban-plattsburgh-coinmint-mining
6  Economy / Speculation / More bad news: G20 wants to regulate crypto's on: March 14, 2018, 10:27:08 PM
https://www.express.co.uk/finance/city/931419/bitcoin-price-latest-cryptocurrency-value-plummet-g20-regulation
7  Economy / Speculation / Is any of you guys getting in serious problems? on: March 14, 2018, 10:07:39 PM
There have been reports of people buying bitcoin with mortgages on their house. I was wondering if anyone here maybe took credit and is now (way) under water? Share your misery here please.
8  Economy / Speculation / What do you do when you see bitcoin crashing like this and you're losing money? on: March 14, 2018, 05:00:35 PM
I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions? Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?
9  Economy / Speculation / more bad news: google to ban ALL crypto related ads on: March 14, 2018, 11:54:22 AM
https://cointelegraph.com/news/google-to-ban-all-crypto-related-ads-starting-june-2018
10  Economy / Speculation / Why bitcoin is worthless on: March 06, 2018, 03:28:57 AM
I just stumbled upon this article that The Guardian published today, I think it's the best ever written on bitcoin, really good sum-up about blockchain and bitcoin: https://www.theguardian.com/business/2018/mar/05/bitcoin-is-based-on-the-blockchain-pipe-dream
11  Bitcoin / Development & Technical Discussion / How do exchange transactions work? on: February 18, 2018, 05:51:52 PM
I wonder what exactly happens if an exchange transaction takes place. I've been looking at my own bitfinex btc wallet adress and I see that my deposits get moved into a single wallet that seems to be the general Bitfinex wallet. This general bitfinex wallet moves btc's to the cold wallet whenever the btc amount gets too big and moves it back whenever the amount gets too low.

So what exactly happens when I sell BTC at bitfinex to somebody else ? The amount of BTC remains exactly the same in the bitfinex wallet, it just has different owners. This seems to happen completely off chain, but how does it work. Does bitfinex simply have a database where they keep track of who owns what part of their wallet? And is it even possible to identify for example who is buying how much? It seems this is impossible?

Thanks
12  Economy / Speculation / $6200 I'm buying on: February 06, 2018, 03:50:29 AM
Ok, so this has gone on long enough, I've been short most of the time, but I'm buying all I can here ! Let's go! At least back up to $7200
13  Economy / Speculation / EU in favour of banning bitcoin on: February 02, 2018, 01:35:52 PM
"Bitcoins weren’t created transparently and publicly, and they are suitable for money laundering,” Nowotny told the newspaper. “For a long time, I had the view that investment in Bitcoin should be a private matter. But I got the feeling that a legal provision is needed.”

I like what the Chinese central bank governor has said: bitcoins aren’t a matter for monetary policy in China, but for the police,” he said.

https://www.bloomberg.com/news/articles/2018-02-01/ecb-s-nowotny-toughens-bitcoin-stance-backs-china-s-crackdown
14  Economy / Trading Discussion / WTF just happened?? Bitfinex scam ?? on: February 01, 2018, 08:26:53 PM
Did any of you guys see that ? A HUGE refresher on bitfinex stalled the market. Where all other markets sold down to below $8500 there was this 1 guy on bitfinex who kept buying and buying EVERYTHING around the $9000 level. This 100% wasn't normal market behaviour why would anyone buy thousands of bitcoins and pay $500 too much on every bitcoin, basically throwing away millions and millions of dollars ? I think this only could have been Bitfinex themselves, buying the market up with fake tether money.
15  Economy / Speculation / Brace yourself, attack at the 9230 low is here! on: February 01, 2018, 01:40:46 PM
We're almost at the previous low of 9230 now. Below that is the abyss of death awaiting ...
16  Economy / Speculation / Bitcoin could drop 80% due to possible tether fraud, experts say on: January 30, 2018, 12:32:15 AM
More and more doubts are being cast regarding Tether being actually backed by real dollars. If it turns out not to be the case, then bitcoin might crash hard, experts say: https://www.express.co.uk/finance/city/911293/Bitcoin-price-crash-cryptocurrency-tether-Bitfinex-dollars-market-investors-value-latest
17  Economy / Speculation / And another one stops accepting bitcoin payment on: January 24, 2018, 01:31:48 PM
http://www.bbc.com/news/business-42798935
18  Bitcoin / Development & Technical Discussion / LN routed transaction settlement on: January 21, 2018, 02:21:02 AM
Let's say 3 users have 2 payment channels: User A has a channel (1) with user B and user B has a channel (2) with user C. All users deposit 1 BTC into their channel. Now user A wants to pay 1 BTC to user C, routing via B. After this channel (2) gets closed. Now how do the final on-chain transactions look ?

I'm confused here. It almost can't be that channel (2) now moves 2 BTC to user C and 1 to user B, because the ledger only registered the channel as having 2 BTC in it. But the alternative would be that transactions from channel (1) into (2) would take place. But I can also not imagine this to happen, because then tons of closing transactions would be needed if I'd have routed to several other people, resulting in huge closing fees. Also it would force an on-chain transaction from channel 1 to channel 2 while channel 1 is still open.

Anybody?
19  Economy / Speculation / Reasons why Lightning Network will fail on: January 20, 2018, 06:44:54 PM
* The maximum amount you can pay in a certain route is determined by the guy with the LEAST amount of money in his channel
* Users can defraud each other in a channel, so they have to continually check if somebody is defrauding them.
* Unless you have a direct channel to your target, there is NO guarantee AT ALL that you can pay the person you want to pay.
* Users need to be online 24/7 if they want to be part of a payment route. If a user is offline, this particular route is not possible which of course has huge impact on the possible routes.
* Insane amounts of data are being sent because the network needs to be aware of EVERYBODY's payment channel's state (otherwise it can't discover a route)
* You still have huge fees if you want to wire money into/outside the channel.
* It's not feasible at all for bigger payments. Let's say you have to pay $1500 rent/month, are you going to open a payment channel and deposit 3 years rent in it ? Most people have difficulties enough coughing up the next month. But if you have to wire every payment into the channel, then you could just as well pay on-chain because you're paying that exact same on-chain fee.
* It's also not feasible for very small payments/channels. If you open a $30 channel with your coffeeshop to buy a few cups of coffee per week, then the price of your coffee doubles because of the huge fees to open/close the channel. Your only option is to route and HOPE there IS a route.
* Who is going to lock up his money in several channels anyway ? Liquidity, needed for routing money, is going to be a problem
* Very difficult to use and explain to users. No way your mother let alone grandmother is going to understand all this.
20  Economy / Speculation / bitcoin price increase in 2013, from $150 -> $1000 was fake on: January 16, 2018, 02:12:35 AM
It turns out that the guys who hacked Mt. Gox could enter fake trades on the ticker tape, making it look like people were actually buying bitcoin, driving the whole market up. Interesting story that just came out: https://techcrunch.com/2018/01/15/researchers-finds-that-one-person-likely-drove-bitcoin-from-150-to-1000/
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