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im using binance as an exchange.
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What was the logic behind taking 10 mins to mine a block? Was it by design or accident? Anything that wants to be used as money needs at least sub minute, preferably sub second blocks. Unless it was intended for batch processing over night. Can't we just make it quicker and reduce the rewards appropriately?
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I write apps for a living. Someone wanted a crypto one done and they paid me in bitcoin. Living the dream.
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It must be killing bitcoin that it can't do NFTs. Eth is so much more capable in some respects.  |
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If you are going to use a big exchange in the future then you will need KYC. The only other way to get BTC will be on the black market. Would that put you off?
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It went up at christmas as it usually does, but then it kept going up a bit. $20-30K was about the reasonable price.
Then NFTs came along. Like all bubbles they blew BTC up. Then musk and doge took off and it went up further. Finally coinbase floated and it hit is peak.
Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled. It was all bound to end in tears.
Honestly, i see btc back in the $20K region before the end of the month.
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Just imagine that tomorrow all the big mining farms disappeared. What effect would that have on btc? After the difficulty had settled, absolutely none. Correct me if im wrong but if there was a handful of compuers running the mining software then life would all carry on as normal. btc is like the internet, you take a big chunk out and it carries on as normal. One transaction would be verified every 10 min whether it was 100 miners or 100,000 miners. Are bitmain, antminer and all the big mining firms and pools leeches on the system? - As they are so big, the difficulty is higher and it takes more power to mine.
- All the power is concentrated in a few players. Individual miners don't stand a chance.
- Chances are fees would be cheaper as well.
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What with gas prices i thought it might be useful to create a niche cryptocurrency for a particular market (the art market). Literally fork the code for bitcoin (but probably ethereum) and just change the name (and any other bits). What sort of hardare would you need to bring it online? Assuming it is never going to be widely adopted, a couple of miners just to kick start it? Fork an open source wallet. I suppose the only trouble would be distributing the coin. If it stayed small artists and galleries could mine their own.
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If you brought low and it was now high, then you could start off selling high and keep selling lower to lower the price. People like a bargain would keep buying as it went down. As long as you don't go below your "low" then you know you could immediately buy it all back for a fraction of what you sold it for? Is there a name for this tactic?
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Should you hodl forever? Does everyone have a price? What is yours?  |
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So it wasn't chinese miners controlling the system, it was Elon Musk tweeting memes all along. Regardless of whether you are making money from it, if the system is that easy to game then who will take it seriously? What is to stop Elon pumping and dumping any coin he likes? They are not Tesla shares so he is totally allowed to. I just remember 5 years ago when bitcoin had a meaning and could have been taken seriously. Now its original purpose just seems a very distant memory.
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This is new territory, people buying that much that quickly. It cannot be good for the eco system. I just watched the price go down $500 in about 10 minutes. That probably wiped a few million off their value. How low will it go before they give in?  |
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There any good guides out there? How to divide your investment, strategies to follow, etc. Long term or short term?
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All that effort and bitcoin becomes just another tool for greedy money men to make money from. This is the complete opposite of what he envisaged. I hope you are all happy.  |
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Addresses are 30+ characters long and keys are 50+ characters long. That means there can be a lot more keys than addresses. Does anyone now how many valid there are of each? Does this mean each valid address can be serviced by more than one key? If so, how many per address?
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I am working on a iOS/droid app for viewing your OpenSea collectables. See all your art, ctyptokitties, gods unchained, etc tokens all in one place.
Beta is open. Drop me a note if you want to try it.
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They seem quite a tech literate bunch, so I thought they might?
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Hi I have a couple of artworks up on the Blockchain Art Exchange that you might be interested in. https://blockchainartexchange.com/shaun-pryszlakThere is a bitcoin one  and an ethereum one  and they start at 0.5 eth, which seems quite reasonable for an original piece of art. |
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