We need a proof of work change. How low do you think that will drop us?
Something less drastic could also work. Something that wouldn't fck up the "good guys" as much. I'm thinking along the lines of a coinbase penalty depending on mempool size - or something proportional to the average fee of transactions left in the mempool. The main problem I see with such a fix is that it would require a fork. Would a soft fork do? I doubt it, mainly because of the problems with non-upgraded clients. Won't we have to hard fork for replay protection anyway? (Total noob question.) Such a coinbase penalty would be messing with the inflation schedule. Of course it would, but it would be a problem only for the particular non abiding miner. All other parties would see the value of their BTC increase, even if admittedly by a tiny amount. In general, a tighter cap on programmed inflation doesn't seem to be such a big issue. Also, the mempool is not consistent across nodes. A freshly broadcast transaction may not be visible to everyone. So, we would need mempool commitments. Something like a blockchain could work for that . This is more serious and possibly a show stopper. Pity, because automated, mathematical retribution for spammers is every user's wet dream. I just tried my hand at the conceptual level. As someone else pointed out ("go code it, bro, or it's just fluffy talk"), there's probably little need for armchair protocol improvers.
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We need a proof of work change. How low do you think that will drop us?
Something less drastic could also work. Something that wouldn't fck up the "good guys" as much. I'm thinking along the lines of a coinbase penalty depending on mempool size - or something proportional to the average fee of transactions left in the mempool. The main problem I see with such a fix is that it would require a fork. Would a soft fork do? I doubt it, mainly because of the problems with non-upgraded clients.
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Great Kraken didint execute my stop loss order haha. They just announced that they are going to disable advanced orders for a couple of months. Only standard orders can be placed now. But in the same email they also said that standing "advanced" orders (including stop orders) would be executed. Only new ones can't be entered anymore. For what's worth...
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A serious attempt would have included replay protection by default, from the start.
Disagree. There was enough controversy over Bitcoin Cash such that we knew it would not have majority out of the chute*. But S2X has -- or at least had -- overwhelming support. Overwhelming support behind closed doors. They could run their fork on a LAN in that room without a condom, no problem with that. I was talking about real transactions going around in the wild, on the - you know - Internet.
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Advice on electrum please.
Is this a good wallet to use to be middle man when creating a new paper wallet?
I.e. Moving coins from one paper wallet to a new one.
Quite good IMO.
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I am not a BCH supporter, either. Just an accidental holder like many of us. I think the analysis by fluidjax has merit. Can any of you keen minds see any flaw in it? I tried to find weak spots, but I didn't manage to uncover much. Just so I'm not accused of shilling for BCH, I'd prefer if BCH just died now...but Just a train of thought....
Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
This seems spot-on. A serious attempt would have included replay protection by default, from the start. These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts. BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.
No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.
The idea seems plausible enough, but size does matter. In other words, some quantitative analysis might be useful here (back of the envelope would do). How much does it cost in USD to prop the price up by x USD? How much in BTC to prop up by y BTC? How much has been spent already approximately? Which price level would be a reasonable bait (as seen from the fisher's point of view - that is, JihanVer&co's)? There is more to their plan, than we have seen so far. Maybe good to pick up some cheap BCH over the next few months to help kill it later. Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Interesting and, if guessed right, potentially concerning (mild to average worry). The thing is, from September onwards we're all waiting to usher big fresh money in via options, futures and other derivatives. Possibly the long denied ETF will make a comeback. Those guys don't want no BCH though. I think they're only going for the real thing (and possibly ether, so loved by the corporate zombies all around). This would make the fisher's job much harder, and the bait much, much, more expensive. Have you considered this? Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.
Perhaps you are. You probably are. I hope you are. At any rate, being prepared for the worst is good, so I think this idea deserves some pondering.
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Hashrate drop, too ... this monday. (SNIP) Can you please ask her if she's planning to show us some boobage when BTC price starts rising again?
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Probably gonna see a dip to 3.5k-3.7k
I really hope so. Likely targets? I'm guessing somewhere around the high 37xx's. Been waiting for a sub-3900 dip for so long now! I'm ready to: 1) BTFD 2) BTFD with BCH (if it stays where it is fiat-wise, and pulls up the BCH/BTC ratio) 3) BTFD And, of course - nearly forgot to mention it - BTFD. That's obvious.
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BCH Update
Blockchain Overview There have been 1971 blocks mined since the hard fork.
(968 blocks behind the original chain)
The Bitcoin Cash blockchain is currently operating at 7% of the original chain's difficulty.
The original chain has grown 2.51GB more than the Bitcoin Cash blockchain.
It is currently 83.8% more profitable to mine on the Bitcoin Cash blockchain.
Current price: $645
BI.Tch has dropped its knickers and is flashing its bits at the world.....
Do you think Jihan&Ver will keep pushing the BCH price up when the difficulty there skyrockets, so that miners keep on mining? I was so slow to sell and I'm losing BTC every day!
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I only managed to sell a precious few BCH at 0.1956 BTC/BCH (about $790/BCH) :-( Come on bad guys, come on! PUMP IT to $1200!!! It will be good for you!
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.. Right after BTCE is seized, I now have some FBI tard on my account shilling for bitcoincash and tethers.
Interesting theory. but sounds pretty paranoic why would fbi need your account for that If I were FBI, I wouldn't throw away an old bitcointalk account anyway. Not that it means it's really the feds, eh.
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Thanks for the code. I'm ordering a card very soon. Before I do, I have a question:
Can I get an unverified card first, with a dummy name, and later verify the same card with my real name?
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Done trading BCH for today Thank you Ver and Jihan! I managed to increase my total BTC stash by 32% today. Trading BCH is very dangerous! Sooner or later all BCH traders will become bagholders. Best course of action is to sell all BCH you have, buy BTC, and have a good long holiday for the next 2 months when B2X fork will give you new portion of free money. you suggest to sell all of BCH allready not keep any ? Of course. Current BCH price is a bluff. It is simply unsustainable. Ver Wu will run out of bitcoins in just couple of weeks. Ver is a nomad but I feel sorry for all people that work for Wu. They will have to look for new job soon. Good i'm selling out ....... its Still Nice the Free money .... Putting my money where my mouth is. I decided to sell too. $800 was too inviting. It's already down to $695 though... The procedure is a bit inconvenient. I split the coins and now I sent a couple transactions to Kraken. They want 20 (yes, TWENTY) confirmations on the BCH before you can trade. Besides, Kraken is really acting like it's swimming in molasses. Someone here suggested it's the bad BCH guys trying to slow down the selloff. Whatever it is, I'm afraid it will be down to $300 by that time. Hm, maybe I can wait it out and hope for another BCH pump/BTC dump by Ver&co.
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isnīt it a problem that there are miners hasing at 90% of the BCH network?? what about the 51% attacks which we have feared in the BTC past?
The 90% of mining is probably the miner who would 51% Bitcoin if they had the chance so they're not going to 51% themselves. but then that miner can manipulate the BCH-system? That miner probably co-owns it!
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I would call it "orchestrated accumulation of coins". The accumulator is even leaving the market to dip so he can get the order books to his liking before proceeding to buy. I don't know who he is / who they are, but they do have pretty deep pockets Isn't it obvious that it is Roger Ver and his buddies manipulating the market? South Korea anyone? You can't buy bitcoins with bitcoins (because that's what ver has). You need cash. Billions. Lots of billions. And billionaires (or funds) have that sort of cash to take the market from 1k->2k->3k->4k->5k, etc. Neatly stated! This is what I meant in my previous post where I mentioned fresh money going to enter the system. That money isn't going to be Ver&co.
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A civilized country is an oxymoron. We're all savages.
Basically agreed, but it's not a 0/1 thing. There are varying degrees civilization for different aspects of civilization.
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I don't think panic about BCH is justified. My idea is that a few factors are at work.
Some bad guys are rehearsing the big pump&dump that will take place with the 2x fork.
The miners are rehearsing touch&go. It is mildly profitable at the moment, while BCH price is being kept high.
I think this situation can't go on much longer. BCH doesn't have hodler culture. My guess is most holders of BCH are just people that got a windfall and are either being lazy, prudent, greedy or all of the above. If I could sell my BCH at 0.50 BTC, without the hassle of swiping all my addresses first, with a reliable BCH client happy to do the splitting job for me, my finger would be on the sell trigger.
Putting real fiat or - god forbid! - BTC into BCH? No way. New money's coming into BTC already, more is due soon. I don't think they'll be eager to flood BCH with fresh money.
Wait and see is just the course of least resistance for me.
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who's buying this BCH GOOD i Still have lots to sell 😄 I do too, but I think it would be nicer to wait for possible November turbolence before converting it all into BTC.
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Who sold at the bottom?
I sold. My house so I can get moar cheep corn!!
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people never learn ... obvious weak hands style dump (+ stop loss orders wipeout) and people in here already posting bullshits about dropping to sub 4000k it's small correction, use it for your good or close charts and live May you be right Hoping for 3500, as I just got hold on some extra fiat that could be put to good use!
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