Just got an email from Xapo: Hi xxx,
As we informed you in previous communications, we are approaching the December 14th deadline in which you’ll need to convert your Bitcoin Cash (BCH) balance that was generated during the August 1st fork to BTC.
Our Terms of Use clearly state that the only digital currency supported by Xapo is Bitcoin (BTC). If you want to store, transfer and/or use any cryptocurrency other than Bitcoin, you cannot do so through the Xapo Services. If, as a consequence of a “fork” (as such term is commonly known in the bitcoin industry), Bitcoin holders are granted with equivalent or proportional amount of the new digital currency or values that are not Bitcoin, Xapo shall not have any obligation, whatsoever, in connection to such new digital currency or value.
(SNIP)
Rekt. They lost my custom for their BCH/S2X support. Are they turning their cloak now that they see failure? |
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Juvenile karma warriors babble new age mumbo-jumbo-jimbo while improperly addressing their very aware seniors. Boys will be boys until they aren't. I feel mild about that anyway. Corn approaching next power of ten - five figures helps with the mildness. Various harmonious body parts quoted for posterity also help. Here's for posterity. |
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This time I was much calmer. The day my Bitcoin stash was first worth over $1mCAD, I spent $1.2k on a new ultra-light powerful bass amp (bought with fiat) and had a few beverages.
Terribly OT, I know, but which ultra-light amp was that? I'm still looking for one that delivers, and I get little joy (power-wise) from my GK. |
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I tender an additional item for your consideration. While many people have 'JOBs', others have careers. Meaningful work can be part of what makes life worth living. I'm just saying that there may be additional considerations more important than simply hitting the 'fuck you money' threshold.
(SNIP) Sure, of course, there are other factors, too, but sooner or later, you are going to hit a kind of threshold that it does not make any sense to keep working. Well, it depends. Imagine working to build schools for the unschooled in unlucky parts of our planet. Or developing drugs that can save lives. Or assessing wannabe porn stars. It's not only about the money. |
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I know we shouldn't really talk about alts but what do you guys think about Monero? Wondering if i should snag some....
My opinion, based on general life considerations rather than actual financial analysis or pump'n'dump mechanics understanding: Monero has value and its price keeps climbing because it has real use cases. The anonimity it provides can't be matched by Bitcoin as it is now. However, I think this gap will shrink and possibly shut off completely with L2 and L3 solutions. There are already 2 or 3 technology advances that promise to offer as much anonymity as any other coin. If (when?) that happens, I expect Monero to tank. That would be a medium term move - medium in crypto terms: I'm thinking months, not years. There should be ample time to get out of it gradually as it bleeds value back into Bitcoin. I am no oracle. This is just my personal, biased opinion. |
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mempool spam *check
bch pump *check
tether/bitfinex fud *check
WO bears active *check
bitcointalk ddos *missing
get ready for bitcoin black friday sales, I see a bigger weekend dip coming! get them while they are cheap!
Ready! |
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I wish someone with time and a few extra satoshis on their hands would bother to spend a couple of weekends spamming the BCH network, just for the demonstrative lulz. |
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Strange pattern this weekend: lots of shilling by newbies or outright new accounts, but without the serious pump&dump action we are accustomed to. Someone out of sync possibly?
On a related note, censoring jbreher's posts was less than wise IMO. He's still an apostate living out of the Grace of Bitcoin, but some of the points he makes contain enough thought to deserve discussion (and civilized flaming, including the occasional f'off).
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He can't help it. A media person, you know. That's what they do for a living. The show must go on. |
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Bcash will get rekt followed by a BTC pump   Yikes. How many coins are we talking? 3! About right, if they sell late enough!  |
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if you really want to buy cheaper btc....set buys up from $3300-$4100 this is the next price range its going to
Thanks. I got some limit buys a little over $4000, just in case. |
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Maybe the odds for breaking upwards rather than downwards have shifted from about 53%, which would have been yesterday's assessment to about 56%, at the moment? Am I missing something?
56.75% as of latest. (Trying to keep a serious face. I can hold it as long as I please.) I don't mind a bit more bullish assessment, but your assertion is OUTRAGOEOUS. (so much that I cannot even spell it.) and I think that you are just making shit up, just to tease and to cause us more bullish than reasonable.... You nasty rascal! My serious face was seriously compromised. Uh. OK, again. Last estimates rise to 56.83%! |
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Maybe the odds for breaking upwards rather than downwards have shifted from about 53%, which would have been yesterday's assessment to about 56%, at the moment? Am I missing something?
56.75% as of latest. (Trying to keep a serious face. I can hold it as long as I please.) |
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im just saying i heard big players are gonna dump btc tonight under $5k
Gotta call Jimbo quick! Be kind. |
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https://twitter.com/cnLedger/status/930436656045342720The head of that company has clarified that they made mistakes on the statement, as they are not a government administrative department, and have no rights to determine whether bitcoin mining is illegal This guy tends to be accurate. A post - rumor? - here a few weeks ago already talked about some electric co. in China shutting down energy supply to miners. Might have been Szechuan, though I'm not sure. Semi-old news used as fud/fomo tinder? |
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We need more throughput. It is that simple. Right. We have segwit now, and it is not enough. Of course it isn't. Segwit just makes a little additional blockchain space available. The throughput will come from L2/L3 solutions: Sidechains, Lightning Network, whatnots. A multitude of L2+ solutions can be at work at the same time. That's where I hope to see competition for new ideas - not on the basic protocol, which IMO should stay as resilient and lean as possible. If you have a better alternative than segwit+bigger blocks, feel free to share. Clonecoins would not even matter if we already had the benefit they chose to incorporate.
Just as an example of a better alternative, on this thread a few days ago someone posted a link to a new technology which could be plugged in at L2, just below LN and therefore pushing it to L3. It would allow opening multiple (shared) payment channels with a single blockchain transaction. The idea can be improved, but already as it is, it could significantly improve on the problem, rightfully bannered by Jbreher, of opening and closing a channel for every human on earth (impossible with 1 MB blocks. Or 2 MB, or 8 MB, for that matter). It's not that I expect this particular gimmick to be the final solution, but it does show a lot of work is being done. A constellation of partial solutions can very well ease us into the L2 era. I think that's where the future is headed. |
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As to why S2X future even has values, it's the reason that people have stated before. That is, in order to sell your S2X future when it goes live a month ago, you need to split your coins into BT1 and BT2. Now when that BT2 is worthless at 5 mbtc as news came out, people buy back (short cover) BT2 to re-combine with BT1 so that they can get back their original BTC and tx out of Bitfinex. Because seriously, who would want hold BTC a minute longer than needed on Bitfinex? Thus there is more people who want to buy back their BT2 to tx out than the losers who got rekted, but refused to realize loss, and hoped that some S2X dev will copy-paste BCH's EDA and replay-protection, so that they can at least hope for a pump later. Aha, a Bitfinex thing. Now I see! I always hoped (and suspected) the S2X fork would be called off, so I didn't even try to play any splitting trick with S2X and wasn't aware of how finex dealt with the issue. Thanks for the explanation. |
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Your posts are always well reasoned, tought-provoking and informative, LewisPirenne. I am interested in your opinion. People are spamming the mempool with 1300 satoshi/byte tx, i.e. paying 3~5 mbtc per 225 byte standard tx, and most go to fee with only dust remaining, to lock up the tx in mempool during this BCH pump. But BTC+BCH is actually getting lower and lower in total, meaning someone is killing that golden goose that had just kept on giving so far.
Maybe the cartel will do a flippening on ETH just for lolz. But if some insiders can flippen ETH in marketcap just like this, then it's actually really bearish for the entire crypto world. Because imagine what would happen when the real professional pumpers, i.e. Wall Street banksters, come on the scene.
I don't understand very well. In your opinion, does this bearish outlook get triggered only if there is an ETH flippening during the BCH fork scope? My gut feeling (not well thought out) is that of a simple cartel maneuver to pump BCH. The S2X might or might not have been just a diversion - I haven't figured out yet. Also, the nonzero value of S2X futures isn't clear to me. An explanation in this thread (Marcus or Torque? Can't remember) said it's the premium for early redemption of... of what? How does that fact fill in your understanding of the current situation? |
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I think this is just a bit of a FUD phase. I feel sort of safe knowing that people are panicking even though the price has only dropped from 7300 to 6400
This. As Rosewater Foundation said, BCH is approaching a fork. It is broken at the protocol level: without a malleability fix, second and third layer solutions are very hard (near impossible) to implement soundly. Of course, the fees are lower, hur hur. With larger blocks and low usage, they must. Besides, BCH never suffered a single spam attack. But medium term? The only practical use of BCH, apart from trading, is buying Chinese mining equipment. What kind of future can such an altcoin have? They can pump and dump all they want, I still have an optimistic view of the near future. |
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Sold half of my remaining BCH at 0.15 BTC/BCH! Now let it pump just a little more... |
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