He's bullish. Maybe he's eating cheap coins! |
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My ignore list is growing fast. Over 200 so far.
Is that bullish? It's bull-something. |
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My ignore list is growing fast. Over 200 so far.
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SCs and altcoins:
"“You do all the work for us, honeybadger, and we’ll just eat whatever you find. How’s that? Whaddaya say, Stupid?”
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IMO when the bitcoin bull market returns in strength, practically every alt will get a coupon "good for one more pump and dump" along with it. If the bull market translates to the mass adoption tipping point this go around, I think there will be a definite gap open up between the top ~10 coins and "all the rest"as focus narrows. Then anything left behind will be looking increasingly like a "toy" coin, and I doubt will live more than a year or so after that. There maybe some persisting microeconomy of new pump and dump alts, for people who still want to play at the cryptocurrency game, but the world is getting more serious. By the end of 2015 you might have to wear a shirt and tie to post here  lol, that talk. Bitcoin is a pump and dump coin itself. You bitcoiners are really scared of those other coins, aren't you? They can just move faster, can't they? And they are mushrooming too. You must be sweating every night over altcoins. Yeah, mushrooming! More food for Honey BTCadger, he is a hungry little bastard  Nothing can stop the honeybadger when it’s hungry. Oh, what a crazy fuck. |
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well, why don't you explain just how your token SC system would work exactly, so we can all pick it apart?
Thank you. Enough with engaging in hypotheticals. You can't stop anyone from inventing something by arguing. Same with SCs as with altcoins. Let them put THEIR money where their mouth is. But...scalability? Chicken, meet egg. |
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well, why don't you explain just how your token SC system would work exactly, so we can all pick it apart?
Thank you. Enough with engaging in hypotheticals. You can't stop anyone from inventing something by arguing. Same with SCs as with altcoins. Let them put THEIR money where their mouth is. |
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This thread may prove to be interesting. I'm in! Anybody else watching to see how this unfolds?
There's nothing to watch. What's anyone gonna do, make the price drop? |
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All these people complaining about a Slovenian exchange say nothing about Lawsky's threats regarding New York residents using bitcoins and then his failure to issue any regulations. You can blame Bitcoin if you want, be we are just being good law abiding citizens having our Constitutional rights violated by a bureaucrat.
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The Bitstamp thing was nothing. In Bitcoin you need to be ready for the unexpected.
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I think short-selling will never end. It's a powerful negative feedback loop. Bitcoiners are killing Bitcoin  Unless you're talking about naked short selling (which can only be done to the extent that people leave their coins on the exchanges) I'm not with you: a bottom will be found somewhere. Reasoning: at 0.001 USD/BTC I will buy all offered coins and transfer them to my cold storage. Probably before that price is reached others will act similarly. No BTC swaps can be legitimately offered then and hence no short-selling can occur. Also: If there was no short selling some miners would not be in business at all as they could not hedge. Some traders would not trade at all for last 12 months, meaning less liquidity meaning no big player would ever even look at Bitcoin. Some exchanges would already be broke, this forum would have no trolls ... who wants that kind of life? Makes good sense. I wish I met you months ago  "How I Quit Worrying and Learned to Love the Volatility" by Stanley Nakamoto |
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You are required to notify your banks and credit card companies of when, where, and for how long you will travel out of country. Bitcoin users not affected.
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I'm beginning to wonder if this guys 'tips' about Bitcoin are really hinting to its demise.. He's selling his Bitfu. |
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Or maybe they don't want the price to fall and that's why they wait until the banks are closed. People who want to withdraw their funds from the exchange fast will buy bitcoin because fiat wouldn't get transferred until Monday. That is assuming people have lost faith in them. If not, we've had a week where nobody has transferred fiat to Bitstamp and dumpers are probably standing ready to send that mofo to the ground. When Bitstamp reopens, I'm not convinced that anyone will be eager to immediately exchange BTC for fiat on an exchange which will yet to have proven whether users can quickly withdraw fiat from their Bitstamp accounts. I think it's far more likely that those with BTC on the exchange will withdraw them to their own wallets; those with fiat on the exchange will immediately buy BTC and then withdraw them to their wallets - since it's the quickest and easiest way to withdraw. I may be wrong, but that seems the most likely scenario which, if true, would lead to an immediate demand for BTC and a price-rising rally. Who knows how strong the rally would be though... Ironically, this would mean that the less faith people have in Bitstamp once it reopens, the greater the price increase. The bitcoin tribe is filled with people that live on short memory. Once Stamp will (if) reopen their whorehouse, people will be like " Uhhhh, it was not so bad. " and they will continue to trade there. I remember this happening with Mintpal and other exchanges. They will stay until the website will be hacked again and closed forever and that will be the moment they learned a lesson. But of course, things could go differently. i have fiat on bitstamp still i will likely do the following: buy btc move the btc to bitfinex if the btc price is looking like it may rally a bit hodl it for a few days and then dump it if it looks like it is a non-event, i will dump the btc immediately in any case bitcoin is done, even an exchange funded by Draper gets hacked for $5 milli, bitcoin is way too slow to use as "cash", we have a some blog from Gavin getting all excited about 20 MB blocks which some people will bitch and whine about centralization.... woopty dooo... parties over go buy some maidsafe or ethereum Translated: sell your bitcoins cheap so I can buy them cheap. |
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The next 12 hours are  This is Gentlemen! |
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So yes, low inflation coins do have a number of very real advantages over bitcoin. Can't be denied. Let's see if bitcoin can make it, it will certainly have a harder time than some other coins.
You define "low inflation coins" as a two to three year ramp. Again, you cherry pick timelines. Bitcoin uses a number greater than the human lifespan, but curves it so most of the inflation is in one or two human generations. A longer ramp gives people enough time to adopt the technology and "bake in" the known inflation rate. So you see, there is no problem with Bitcoin inflation at all. sure longer onramp because it is an egocentric coin that thinks of itself it would take over the world. We don't need to all use the same coin. If you launch a coin with short onramp every few years that's all sweet and everyone could have fun and those who missed the train will get on the next one. The coins can be merge mined and would be less wastefull and in case one has a problem there are others to back it up. Bitcoin is a problem-child to me. I'm all for altcoins development if folks want to waste their time and money. Honey badger don't care. |
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Dammit! I'm still not gonna buy an Apple.  |
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So yes, low inflation coins do have a number of very real advantages over bitcoin. Can't be denied. Let's see if bitcoin can make it, it will certainly have a harder time than some other coins.
You define "low inflation coins" as a two to three year ramp. Again, you cherry pick timelines. Bitcoin uses a number greater than the human lifespan, but curves it so most of the inflation is in one or two human generations. A longer ramp gives people enough time to adopt the technology and "bake in" the known inflation rate. So you see, there is no problem with Bitcoin inflation at all. |
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There you are again cherry picking timelines. I don't agree that inflation is a problem. But then, I don't care about the price... much.
If you prefer playing jojo for a few decades then that's your thing. An advantage for you in this is that you don't care about the price  As a human being we tend to loose interest if we see an investement not going anywhere within 2 or 3 years. IMO a coin needs to be fair with the initial distribution and that should take at least 1 year so everyone has a chance to get in. After year 2 or 3 the inflation should dramatically decrease so profit becomes possible and it can be used to store value, but maybe that's just me, i don't know I think it would come in handy to be able to store value in coins but if you say that's a thing you don't need, ok, then that's your thing. Two to three years is reasonable. The average price for 2014 (to use your timeline) was about 500. If you used dollar cost averaging like everyone recommends, you should double (or more) that in that amount of time. |
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