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1  Alternate cryptocurrencies / Altcoin Discussion / which stablecoin will reign supreme? on: September 30, 2018, 11:31:55 PM
there seems to have been a glut of stablecoins arriving recently from gemini, circle and others and all of them are a level of legitimacy way above tether.

will tether be completely replaced or will the KYC/AML stuff that most of these coins will demand turn off exchanges? since it never seems to occur to most traders to attempt to turn tether into real dollars maybe this point is irrelevant.

personally i've never gone anywhere near tether. i might be alot more reassured by something with some verified backing.

if it looks like tether is on the way out, how will that play out? if it starts to be delisted from exchanges i think it's safe to say its peg will collapse as the path to real dollars still isn't that straightforward. will it unearth some ugliness about tether itself or would it be a seamless transition?

are the exchanges that host tether now too invested in it to let it go?

what do you think?
2  Economy / Service Discussion / Erik Vorhees announces on: September 27, 2018, 02:46:10 PM

what do we reckon to this? will it put coinmarketcap in its place?

it looks cleaner and has live price updates which is always a cool feature. i don't know if their listing and detail policy will be better than CMC but i hope so.
3  Bitcoin / Press / [2018-09-26] U.S. Judge Sides With CFTC on Virtual Currency Oversight on: September 26, 2018, 11:40:18 PM

I think the main thing to take away from this is that the legal business is still pretty clueless about how to classify crypto. the judge is saying because this piece of crap in the case has some similarities to bitcoin all of them are commodities so the CTFC has jurisdiction over everything.

it doesn't make a bunch of sense to me.
4  Bitcoin / Press / [2018-09-11] IMF warns marshall islands over crypto experiment on: September 11, 2018, 07:27:55 PM

'IMF directors said the potential benefits of the move were much smaller than the potential costs of "economic, reputational and governance risks".'

i can't say i'm too surprised at this move. it's one thing if somewhere relatively substantial tries it, it's a whole other thing if somewhere tiny and easily cowed tries this move. the IMF, or rather the banks behind them, is basically threatening them by reminding them of their dependence on foreign intervention when things go wrong.

will they plow on?

5  Alternate cryptocurrencies / Speculation (Altcoins) / what qualities does a coin need to survive this bear? on: September 10, 2018, 03:28:55 AM
does it need any? will there be a unifying characteristic that leaves certain coins standing where others have fallen?

i'm going to say that the less centralization there is, the greater the chance a coin has of living to fight another day.

a prime example of this is doge. it's been around for what feels like forever. no one's really in control of it. it wasn't created for the specific reason of lining the pockets of a small bunch of assholes. it's just overtaken zcash, the coin put together a bunch of geniuses, on coinmarketcap.

similarly unless it gets its act together litecoin will come out of it alot stronger than BCH for very similar reasons.

is there anything to that theory? is there anything else that you've noticed?

6  Alternate cryptocurrencies / Altcoin Discussion / monero defeats asics on: August 18, 2018, 01:26:16 PM

there was much talk of monero's hard fork to get rid of asics being a risky move. however by this point it looks like it was a success and the forks that carried on with asics have now faded away.

some think asics make more sense from a security point of view, others think maintaining decentralization was the most important thing. which end of the spectrum are you on?
7  Alternate cryptocurrencies / Altcoin Discussion / $1000 to spend on coins. 5 years exile on a desert island. what do you buy? on: August 02, 2018, 04:37:49 PM
you have a grand to spend and then you're off to a desert island with no contact from the outside world for five years.

which coins will still be alive by then and which will be thriving? as i'm on the conservative end of things i'd only go for bitcoin myself. in half a decade an insane amount will have changed.

what about you?
8  Bitcoin / Bitcoin Discussion / 1 year on from the BCH fork, 61% of the coins around at the fork have moved on: August 01, 2018, 10:32:36 PM

"One year after the fork ; of the 16.48M BTC that existed on the BCH fork date, 10M (61%) have moved since on either side of the fork. The rest is still dormant."

this is an interesting stat and one of the few that gives us a reliable clue as to how many bitcoin private keys are accessible.

i'm kinda surprised it's that high to be honest. of that remaining 39% how much of it do you think is parked waiting to be fired up and how much is lost? considering how many long term holders there are maybe there are fewer lost coins that some of the crazy high amounts thrown around.

9  Alternate cryptocurrencies / Altcoin Discussion / how many people here have never touched bitcoin? on: August 01, 2018, 11:23:20 AM
bitcoin dominance is on its way up. this is a pretty standard thing as the really speculative money leaves, but as time goes on and more big money has dealings with crypto you hear less talk of them having much interest in alts.

the latest of this is the guy from CME saying they have no interest in alt futures -  and if a bitcoin ETF ever happens, and it's a long shot, i can't see the SEC wanting much to do with the alt market when the bitcoin one is bad enough.

i expect the established alts to stay established. i expect most of the ICO junk to go away. at the same time bitcoin will be becoming more legit.

so how many people here have never had any interest in bitcoin and is that now changing?

10  Alternate cryptocurrencies / Altcoin Discussion / Vitalik's seven difficult questions for the cryptoverse on: July 14, 2018, 04:01:33 PM

Bitmain and affiliated pools now have ~53% of all bitcoin hashpower. Isn't this a really big problem?

Why aren't there any useful large-scale applications yet?

Why are there not yet good solutions to account security? When will the problem of account hacks and thefts be solved?

How can decentralized apps work well even with 5-10 second blockchain latency?

PoW is burning billions of dollars per year, even more than all scams and thefts combined, isn't this a big tragedy?

What are the centralization risks in proof of stake?

Given how EOS governance has turned into an epic fail, doesn't this mean that all on-chain governance including DAOs is fundamentally flawed? How can any DAO deal with bribe attacks, plutocrats and other risks?

has this made you think or doubled down on not caring? speaking for myself i'm gonna leave it to people better qualified to solve and i'll keep a wary eye on things if they're looking like going south.
11  Bitcoin / Press / [2018-07-09] Ledger Is Solving Bitcoin's Biggest Flaw For Financial Giants on: July 10, 2018, 12:06:31 AM

ledger looks like they're taking things to the next level with possible partnerships with the true global tech players and introducing new products for institutional level players, though that can hardly be the biggest market.

interesting to see how profitable they are as well.

it's a shame they screwed the pooch with the ledger blue. that's a little bit of a black mark for them.
12  Economy / Speculation / how would a bitcoin technical hiccup play out these days? on: July 09, 2018, 11:54:29 PM
twice in the past bitcoin broke and was rapidly patched with a fork, once when billions of coins were created out of thin air in 2010 and in 2013 when mining pools had to switch back to 0.7.

in both instances bitcoin was much smaller and the community closer.

assuming something similar happened now, a possibly fatal glitch is uncovered and a non contentious fork is carried out by everyone, would that have repercussions over bitcoin's perception or would people accept it as a prudent move showing the power of consensus?

alts have the luxury of having their chains completely die for a while and no one giving a shit. would people be so forgiving when they've come to expect bitcoin to be the glue that binds everything together?
13  Alternate cryptocurrencies / Speculation (Altcoins) / 96 BTC per syscoin - what the hell is up on binance? on: July 03, 2018, 11:42:16 PM
a cascade of mega pump and dumps wherever you look.

syscoin going far through the roof? other coins going crazy. is something there seriously broken? an API hack?
14  Alternate cryptocurrencies / Altcoin Discussion / New FCoin exchange clogs the Ethereum network on: July 02, 2018, 11:09:30 AM

first i've heard of this. an apparent 17 billion in daily volume and strangling the ETh chain to do it.

we should've expected anyone from the old school chinese casinos to be coming up with impossible figures. that's what they do.
15  Bitcoin / Press / [2018-06-27] Independent -facebook lifts ad ban amid rumors of coinbase takeover on: June 27, 2018, 06:47:33 PM

we all know about lifting the ad ban, but the possibility of acquiring coinbase, which is neither confirmed nor denied right now, is a new one on me.

would facebook be using coinbase as a slot in banking on ramp for their own payment system, which i find kind of hard to believe as there must be better options, or would they go crypto crazy?
16  Alternate cryptocurrencies / Altcoin Discussion / What will the CMC top 10 look like if it goes full bear? on: June 25, 2018, 01:59:12 AM
So if we're heading for full crypto winter what will the coinmarketcap top 10 look like?

It's usually a time for the hype coins to die and the old stagers to settle in and wait.

What wins and what loses?
17  Alternate cryptocurrencies / Altcoin Discussion / poloniex asset framework - shitcoin apocalypse? on: June 21, 2018, 01:51:32 AM
new out yesterday -

circle's moves on poloniex look like they're happening now. i can well imagine a ton of coins being removed, partially because they're shit and mainly because they don't make any money.

as more exchanges go legit, ICO securities pressure increases and coins get ever shittier are we moving into a fully two tier crypto market where a bunch of shitcoins are pushed to the margins on crappy exchanges?
18  Alternate cryptocurrencies / Altcoin Discussion / what would it take for you to abandon your pet alt? on: May 27, 2018, 11:50:55 AM
when coins like bitcoin gold and verge are weak enough to be 51%ed you'd expect to see a reflection in the price, yet you rarely do. they carry on trading quite happily.

when you see ICOs have ryan gosling as one of their developers you'd expect no one to put any money in, but they do.

when you see chains being traded on exchanges that literally do not work any more you'd expect them to be worthless, but they're not.

so what would it take for you to walk away from a coin completely? i know it's all ultimately about the dollars but there must be a point where valuations can't be justified at all or is there an infinite enough supply of stupid people to support a price no matter how crappy the underlying asset is?

19  Alternate cryptocurrencies / Altcoin Discussion / article - the ETH blockchain has exceeded 1TB and yes it's an issue on: May 25, 2018, 11:27:59 AM
interesting article here about this -

and an interesting response to vitalik's response -

personally i'm amazed something so cavalier with its own security and viability is so big still but what do i know? the first duty any blockchain has is to remain a functioning and decentralised blockchain. if you can't manage that then you won't pull anything else off either.
20  Alternate cryptocurrencies / Speculation (Altcoins) / bitcoin fork pump watch on: May 17, 2018, 11:31:35 AM
i've said it before, i'll say it again - all of these bitcoin forks are a manna from heaven for pump and dumpers.

the people who can be bothered to claim them usually dump straight into their hands immediately. the rest can't be bothered to claim them. the misinformed see the word 'bitcoin' at the start and then think they're a great deal because they're so cheap so they're prime FOMO fodder.

i believe every single one of these shitforks will pump insanely at some point if they can be traded. everything else does.

so to those ends i think a thread should be done to keep an eye on what's moving up to nudge some people who have the relevant private keys into claiming them and maybe tell them how they can be claimed.

today's tip - bitcoin pay/BTP on the bitpie wallet exchange.

this is a weirdly strongly priced fork and always has been compared to others and it's on a rise the last few days. you can claim it by putting a (now empty of bitcoin) private key into the bither app and that works with the bitpie wallet.
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