Here is my professional TA free analysis, hope you appreciate my drawing skillz...  volume seems to be holding up, 310 is a good cheap coin target, i think there's a pretty good change we see 316, 333, 366, 406!, 386, 346.
2016
Q1 300-400
Q2 350-450
Q3 400-800
Q4 800
2017
Q1 2200
Q2 2900
Q3 3500
Q4 32,000
2 year bull run ends with a 3 month climb from 3500, to 32,000
after that it's a bouncy ride down to forever stable 10,000$
and then... well then, the truly never ending bull run starts.
yes new ATH is scheduled for 2017 Q1 |
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2020 pfff for sure, if i had to bet i'd say in about 2 years.
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IMO they need to figure out some limit which reflects the limits of technology ( today's avg internet speeds ) and just hardcore the limit to that, that's it.
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all in b4 massive pump of all time.
Hm? not sure if I see it.  Keep watching   haahahahaha... I'm starting to see signs of it now.....  |
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You can certainly use blockchains for this purpose, but it's best to use one that's designed for it. I'm sure there are altcoins and other projects better suited to this sort of thing. File storage sounds like it could be 'Maidsafe' or 'Storj' territory, so perhaps look into those and any other similar concepts.
the main reason to store data on the blockchain is so that the data cannot be modified after. say i write up a contract on a piece of paper, "if bitcoin price goes to 350 i will send 0.1BTC to DooMAD" we both sign it. then price goes up to 351, but don't pay up, I say the contract stated "375" as the price, and i have made a fake copy of the contract with the modified info. how do we solve this, without trusting a 3rd party? we store the contract on the blockchain, but we don't need the contract itself on the blockchain, just something that authenticates the contract, so all we have to put on the blockchain is the hash of the contract. with that you can prove what the contents of the contact are. |
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all in b4 massive pump of all time.
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What you said isn't a workaround, what you said is what you should do. How do you expect Bitcoin to scale if we flood it with videos? I mean look at Youtube, imagine if we had to host all those videos on the blockchain. No amount of blocksize increases would ever allow for such a thing.
the "blockchain" could contain every single pieces of information known to man! all you have to do is collated every single pieces of information known to man, and then get a 64bit hash of that info, and save that to the blockchain! one or a few node(s) holds the actual data, every other node holds the proof / timestamp of this data, bacily. now anyone can dwl and verify the data. without bloating up the network with data. |
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Adam imagine if all bitcoiners wanted to store one video each on the blockchain and that was possible. Bitcoin would be a history right away. I think that with this everything is said. We don't really need bigger blocks just to store videos on the blockchain!
the thing is not everyone would want to because it's expensive to do it. if miners are OK with holding millions of GB's of data so long as they get paid... who's to say this is bad? problem is the miner that mines the block gets paid say 1BTC to fill that block with data, then every other miner has to agree to also store this data but they didn't get paid anything... running a full node now requires MASSIVE HD and would literally take forever to dwl? maybe, maybe not! full nodes do not need my video file to authenticate BTC TXs, they don't need the TX_Raw_data part of any bitcoin TX. so full node could simply ignore that data part of a TX? is that even possible? seems to me it is, then one copy of the bitcoin blockchain isn't necessarily the same as another in that they all contain ever BTC TX but the data associated with each TX would only saved by the nodes whom it concerns. if no one cares that i signed some lengthy contract no one dwls it... maybe all the node could simply save a 64bit hash of the data. proof the data is saved by everyone and only the node that care about the contents of that data save it. that way you could literally save GB's of data to the blockchain without effecting block size. some fork would have to be done to better handle TX_DATA. |
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i want to store a video in an permanent, unalterable, easily accessible, way. the blockchain is perfect for that.
No. It isn't. i guess i could sign the video and save that sig to the blockchain, use that as proof the video is authentic. but that feels like a work around.
That's what hashes and signatures are for. They provide a way to represent some data without needing the entire data set. you can't argue that the blockchain isn't the best way to store information is a permanent, unalterable, easily accessible, way. but i guess the information on the blockchain should be the type that is used to authenticate something without relying on a 3rd party. we keep track of the BTC TX, so we can authenticate TX's without a 3rd party. a hash can be used authenticate the video, or whatever large file. 80 bytes per transaction isn't much at all... |
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also Adam, were you ever right at your predictions? sure look at the first 1000 pages of this thread i was actually very spot on back in the day. once the bull market really take hold, i think you'll see my short term prediction are right more often then not  and when i ran my newsletter bitmovements i called the top of the bubble @900 after the initial selloff and bounce back from 1200 i just didn't expect the bear market to be so devastating and long lasting. |
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volume seems to be holding up, 310 is a good cheap coin target, i think there's a pretty good change we see 316, 333, 366, 406!, 386, 346.
2016
Q1 300-400
Q2 350-450
Q3 400-800
Q4 800
2017
Q1 2200
Q2 2900
Q3 3500
Q4 32,000
2 year bull run ends with a 3 month climb from 3500, to 32,000
after that it's a bouncy ride down to forever stable 10,000$
and then... well then, the truly never ending bull run starts.
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It dawned on me what if i wanted to store a video on the blockchain, i can't! 1MB limit.
i want to store a video in an permanent, unalterable, easily accessible, way. the blockchain is perfect for that.
i guess i could sign the video and save that sig to the blockchain, use that as proof the video is authentic. but that feels like a work around.
is there a TX_Data_Max? should there be?
how much fee would a 8mb file cost?
is this abuse of block space?
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if i take 3 loans, max out credit cards, and all my cash on hand and buy bitcoins then sell in 8years I think i'd make out like a fucking bandit   |
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If the market is rigged TA is useless, except perhaps for the market riggers, who can paint whatever pretty picture they want with the price moves, including dragging TA-'sensitive' bots up, down and sideways, like bulls being led by a nose-ring ... in which case it is more rigged than you imagine. That's exactly as rigged as I imagine. ITS NOT RIGGED! bitcoin is meant to have manipulators sometimes there are more active manipulators then there are fish, who cares. bitcoin has value because its fun to hit buy/sell with a small 50K, program bots to keep the candle up or down for you.. anything goes, it doesn't make sense to regulate market trader activity; is it illegal to wast 1million dollars to trigger stop loses and sell into them? My point was that the manipulators are definitely aware of TA. TA is very helpful when you know XXK bitcoin is gana be bought or sold. |
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if i take 3 loans, max out credit cards, and all my cash on hand and buy bitcoins then sell in 8years I think i'd make out like a fucking bandit |
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If the market is rigged TA is useless, except perhaps for the market riggers, who can paint whatever pretty picture they want with the price moves, including dragging TA-'sensitive' bots up, down and sideways, like bulls being led by a nose-ring ... in which case it is more rigged than you imagine. That's exactly as rigged as I imagine. ITS NOT RIGGED! bitcoin is meant to have manipulators sometimes there are more active manipulators then there are fish, who cares. bitcoin has value because its fun to hit buy/sell with a small 50K, program bots to keep the candle up or down for you.. anything goes, it doesn't make sense to regulate market trader activity; is it illegal to wast 1million dollars to trigger stop loses and sell into them? fair game to me... just don't play with stop loss orders! i did that on the way down i tried to play with stop loss orders, i would of done much better by placing simple bid |
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other source? sputnik is usually crap. it's hard to believe they got 3million dollars of donations they must of been playing with bitcoins for years. maybe they were selling their drugs on SR or something... if the whole network agrees we can take their funds.. i think that would be cool to see. I think some hardcore bitcoiners would go ape shit and maybe fork off. hey that would be a good way to get rid of all the trolls I was thinking we could locate the privkeys somehow and air-strike 'em? lol that would be cooler but ya i wonder if one day we'll see future generations fork bitcoin in this way >51% agree to destroy their coins then those coins are no good anymore. wait no you really need consensus , or else everyone will rather not go against the wishes of 5% of the network. bitcoin is simply awesome edits: that came out all worng... lol fixed typos! |
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