BTC can touch $318K by December 2021. What do you think? Is this really possible?
It's certainly possible. Not sure how likely it is, but possible, yes. Objections to this are sometimes based on a misunderstanding of exponential growth or a misunderstanding of marketcap. Below is a screengrab from CMC of recent BTC price progression - on a log scale. The objection that "it's only gone from $0 to $20k so far, therefore $300k is out of reach" overlooks the fact that this is a single order of magnitude change, which we've already seen many times before. Granted the progression gets harder each time, but there's no indication that we're anywhere near a ceiling yet. Secondly the argument that it's unrealistic because it means a stratospheric marketcap - marketcap is misleading, it's just the current price based on current trades. It certainly doesn't mean that's the total value of the coin. BTC cap is currently $300b. This doesn't mean that all BTC could be sold right now for $300b, because each sale causes the price to change. Marketcap is just a rough guide and shouldn't be taken at face value, and shouldn't be taken as a limiting factor.  |
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Ethereum price has started rising again. [...] What do you think will happen to Ethereum price?
The whole market is moving upwards now, led by bitcoin... so to a large extent what happens to ETH is determined by wider movements. I would expect the bullish sentiment to persist, and prices - including ETH - to continue to rise, as the case for crypto grows stronger against a backdrop of government bailouts and money-printing. For ETH there is of course the move to 2.0 and staking, which will be an additional factor.. . but it's something that is known about in advance, and factored into current price considerations. So I'd say the whole market movement is the bigger driver at the moment and for the near future. |
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Both Facebook and Twitter censored or removed posts from Donald Trump
Twitter tagged certain Trump posts with 'Some or all of the content shared in this Tweet is disputed and might be misleading about an election or other civic process'. This was actually extremely generous of them, given that everyone knew that the stuff he was posting was outright lies with zero basis in fact. If he claims fraud, or claims that he won, then he needs to supply evidence. This is quite straightforward. The reason he hasn't supplied evidence is that there isn't any, because it didn't happen. He should really be prosecuted for the inflammatory lies he posts, instead of receiving a little 'might be misleading' tag. |
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Ethereum (ETH) or Bitcoin Cash (BCH) which has the brighter future?
According to my opinion, BCH has much more brighter future than ethereum since in previous bitcoin ATH, BCH traded against bitcoin in the price of 0.74 BTC. Thats why investing in BCH is worth more this time instead of putting all of your money in ethereum. Ethereum transaction fee is also raised too much at this time. I am not diverting the attention of the people but it is true. What do you think?
I am convinced that Ethereum has a much brighter future. It has a supremely important use case, one of the strongest in crypto, and almost limitless potential. Whereas BCH doesn't have any real use case beyond speculation. If we are looking to the future, then we need to consider foundations. ETH's foundations are rock-solid, whereas BCH is built on sand. |
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1. Bitcoin is too volatile to be a store of value.
Bitcoin is still in a relatively stage of its journey, and this is still a young market. This won't be the case forever. Compare bitcoin volatility with some lower cap coins - and bitcoin becomes a beacon of stability. As time goes on, as adoption increases and - crucially - as trading volumes increase, then volatility naturally reduces. Some commentators mistakenly assume that bitcoin's current state is its end state, when that is clearly not the case. |
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intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps
There is obviously a huge risk attached to buying these coins - which is why they are cheap. A rapid price rise followed by a fall doesn't necessarily mean a deliberate pump and dump though - smaller cap coins are prone to huge volatility anyway, and it can sometimes be difficult to distinguish between p&d and genuine price movement. |
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In case anyone's interested, there's a great article here covering Hamilton's entire career, right back from when he started in go-karts, up to now. It's a long read, but it gives some great insight into him as a driver and a person, and how he has changed over the years, and what it is that has changed him.  |
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Quantum Computer? How it could affect on Bitcoin
OP, this thread has already been mentioned - it's well worth a read! But in case you don't want to go through the whole thing, here is my summary: Hi all  I thought I’d try to summarise Bitcoin's vulnerabilities to Quantum Computers, as well as some potential defences, and get it all in one post. Apologies for the wall of text, but hopefully it is useful... Mining can potentially be much quicker with QCs.The current PoW difficulty system can be exploited by a Quantum Computer using Grover’s algorithm to drastically reduce the number of computational steps required to solve the problem. The theorised advantage that a quantum computer (or parallelised QCs) have over classical computers is a couple of orders of magnitude, so ~x100 easier to mine. This isn’t necessarily a game-changer, as this QC speed advantage is likely to be some years away, by which time classical computers will surely have increased speed to reduce the QC advantage significantly. It is worth remembering that QCs aren’t going up against run-of-the-mill standard equipment here, but rather against the very fast ASICs that have been set up specifically for mining. Re-used BTC addresses are 100% vulnerable to QCs.Address Re-Use. Simply, any address that is re-used is 100% vulnerable because a QC can use Shor’s algorithm to break public-key cryptography. This is a quantum algorithm designed specifically to solve for prime factors. As with Grover’s algorithm, the key is in dramatically reducing the number of computational steps required to solve the problem. The upshot is that for any known public key, a QC can use Shor’s approach to derive the private key. The vulnerability cannot be overstated here. Any re-used address is utterly insecure.Processed (accepted) transactions are theoretically somewhat vulnerable to QCs.Theoretically possible because the QC can derive private keys from used addresses. In practice however processed transactions are likely to be quite secure as QCs would need to out-hash the network to double spend. Unprocessed (pending) transactions are extremely vulnerable to QCs.As above, a QC can derive a private key from a public key. So for any unprocessed transaction, a QC attacker can obtain the private key and then create their own transaction whilst offering a much higher fee, so that the attacker’s transaction gets onto the blockchain first, ahead of the genuine transaction. So block interval and QC speed are both crucial here – it all depends on whether or not the a QC can hack the key more quickly than the block is processed. Possible defences... Defences using classical computers.- Modify the PoW system such that QCs don’t have any advantage over classical computers. Defending PoW is not as important as defending signatures (as above), because PoW is less vulnerable. However various approaches that can protect PoW against QCs are under development, such as Cuckoo Cycle, Momentum and Equihash.
- Modify the signature system to prevent easy derivation of private keys. Again, various approaches are under development, which use some pretty esoteric maths. There are hash-based approaches such as XMSS and SPHINCS, but more promising (as far as I can tell) are the lattice-based approaches such as Dilithium, which I think is already used by Komodo.
Defences using quantum computers.As I’ve said a few times, I’m more of a bumbling enthusiast than an expert, but exploiting quantum properties to defend against QC attack seems to me a very good idea. In theory properties such as entanglement and the uncertainty principle can offer an unbreakable defence. Again, people are busy researching this area. There are some quite astonishing ideas out there, such as this one. |
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Just as expected. Some people didn't expect PayPal to perform well on their crypto sector because of the current lack of crypto deposits and withdrawals. This is just enough proof that people don't care about self-custody and self sovereignty, but mostly just the investment factor.
This is true. It does highlight the fact that there are a lot of people who are interested in buying bitcoin, but are unable or unwilling to use normal crypto channels to do so - whether through a lack of basic technical skills, or fear of loss or theft. The emergence of a 'trusted' household name company allowing bitcoin purchase does appear to have helped with integration into the mainstream. |
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Yesterday Belgium put England in their rightful position in that group. England was lucky to win that first match and if we are being honest Belgium has better pool of players at the moment.
Belgium are definitely the better team. England were lucky to win the first match, but arguably Belgium were lucky to win the second given the goals they scored, a deflection and a suspect free kick. The reaction with England is always so extreme. If they win a match, they're the best team in the world, if they lose a match they are terrible. The truth is somewhere in between, they have some decent players, some areas where they're weak. Overall a middling team, the sort that in major finals will progress beyond the group but struggle in knock-out matches... the same as it has always been! |
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Trump said numerous times that the dems are going to raise taxes. Biden is also going to lock the country down. I even heard Biden is after a 5 Trillion USD QE which is... crazy af.
He is going for the great reset.
Even the world's reserve currency cannot handle that much QE but we will see.
What Biden wants to do and what Biden can do might be very different things. It is likely he will face a Republican-controlled senate, so he's unlikely to get anything through without at least an element of cross-party appeal. |
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Stroll's pit stop was really big mistake. And Hamilton applied a very successful strategy One thing that people often overlook with Hamilton is how in tune with the car he is. RP bringing in Stroll was a mistake... but Mercedes tried to bring Hamilton in at the end too, and he over-ruled them and decided to stay out. He understood that his tyres would make it to the end, and that new tyres would not be as good, as Bottas was struggling on new ones, and there would also be the wet pit lane to contend with. If we'd had this the other way around, Stroll demanding to stay out and Ham obeying team and coming in, it might have been a different result. Congrats to Hamilton!
I am wondering how many world titles Hamilton can still win. He is now 35 years, is still in top shape and still races in the best car. There is some young talent (Verstrappen, Stroll, Leclerc,..) but they are not at the same level as Hamilton. I think Hamilton can reach 10 world titles.
He should be strong favourite for 2021 with the limited changes they can make to the cars. 2022 onwards it's a complete reset of regulations, so we have no idea... but hopefully from 2022 we'll see closer racing between the teams. |
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Hamilton champion!
It is so often rainy conditions that separate the good drivers from the greats. Hamilton laps his team-mate and is more than half a minute clear of second place, running on inters for most of the race, which he had effectively worn down to slicks. Plus he overruled his team on a late pitstop... which he was right to say he didn't need.
Compare with Verstappen - another good driver, but not (yet) quite in the same class, who spun a few times and did struggle a bit.
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Trump legacy he cannot accept defeat
Yes, exactly. We all knew before the election started that he would never admit losing. For Trump, the election only had two possible outcomes: a) he won, b) he won but was cheated by fraud from the other side. There was never an outcome he'd accept where he genuinely lost. One impact on gambling is companies refusing to pay out on a Biden win because Trump is challenging the result (although he has no evidence of fraud). If we're talking about the impact due to Biden's policies... we don't know yet, what politicians say they'll do during an election campaign and what they actually do in office are often different hings. Also if - as looks likely - the senate will end up being Rep controlled, then it's difficult to see him getting any remotely controversial policies through. |
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I think a lot of the interest in alts is because people see that bitcoin increased hugely in price over the years, and feel they've missed the boat. They jump into an alt, lured by the upwards component of price volatility, and thinking it will be the next bitcoin. Perhaps they hit lucky and buy something good, most most likely they buy something that has no future.
The thing is, people haven't missed the boat on bitcoin. There is no need to look elsewhere. Bitcoin is nowhere near its maximum potential yet. Bitcoin can really change the world. It's not too late to buy in!
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bitcoin wristwatch. [...] The price is 9,900 Euro and the 'total supply' is only 500.😅
Watchmaker wants new customers. Sees that a lot of people have made ridiculous amounts of money from crypto. Decides to try to get some of that money by creating a flashy gimmick that is ultimately irrelevant. Tries to make the product more appealing by making it limited edition... capping their potential sales at ~5 million Euros. Just seems like a money-grabbing thing. Appreciate some people like cool gadgets and have a lot of money to spare... but still, seems exploitative, and little different from the flashy ICOs of a couple of years back that led nowhere. |
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What a qualification with Stroll at pipe. Who expected that  Crazy. And Mercedes well down the order, 6th for Ham, 9th for Bottas. If it wasn't for Verstappen's final lap, it would have been a front row lock out for Racing Point! Of course if it's raining for the race, pole might not mean that much... but certainly not a boring qualifying session, let's hope for more excitement in the race |
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It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.
The price increase in fiat terms does help to drive adoption, though. As we head into a new era of economic crisis and massive government bailouts, the importance of bitcoin as a decentralised currency is highlighted once again. I'd argue that the FOMO-fuelled price increases help to differentiate, when we say "bitcoin solves this", between a scenario where people sit up and pay attention, and a scenario where they say "what's bitcoin?". That can only be good for the long term. |
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Istanbul will be rainy on Sunday [...] Races held under difficult conditions are always more enjoyable and we may encounter surprises Races in wet weather are often more exciting, yes. Rain also tends to highlight the differences in raw talent between the drivers. Expect Ham and Verstappen to do very well in heavy rain, Bottas and Vettel to struggle. There is also the added issue of the newly resurfaced track, and leaking bitumen causing a greasy surface even in dry weather... not sure if the rain will lessen this or make it worse, but either way we're set up for an interesting race! |
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Dow Jones may crash up to 4000 points if Biden announces a national lockdown after sitting in the presidential chair.
I think that lives are more important than share prices, which puts me at odds with most governments in the world. It's a strange situation that profit is worth more than people, but that is how the world has been going for a long time. At least with Biden in charge instead of Trump, there is more chance of the US listening to the science, and so saving lives. |
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