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1561  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2018, 08:39:23 PM
Relative hashrate.



I wonder if the hash for BCH is low enough, yet; to allow using Nicehash to implement a 51% attack?
 Let's see, current SHA256 on Nicehash is a little over 520 PHash. Current hash on BCH is almost 3 Ehash. Too bad.  Cry
1562  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2018, 05:38:32 AM
We should hope that BCH has a long life. The big blockers need their own chain that they can squabble about block size and other things. Let them have their hash wars on their own chain(s).
1563  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2018, 04:28:54 AM

That's quite a hit! Even with up to 100X leverage the guy must have lost atleast what, 50k BTC? Is that math right?

You guys sure we trust their reported volume? That's a rediculous lot and by the looks of that twitter page it happens often..

If you look at them all most of them are shorts getting squeezed lately, scrolling a little ways..

No the 5 million number is the amount of USD lost. So at 100x leverage the person lost over 50k worth, so about 8 BTC lost.

I know they are vol pumped with leverage but yeah that brings it back to reality..

The way they say it, sounds like # of coins @ price ..

Yes, I'm still confused by it.  Huh Cheesy However, I'm pretty confident that people are not regularly risking 5 digits worth of BTC on that nonsense. I am not even sure that Bitmex will even let someone put that much at risk. Unlike OKEX, who let someone risk so much on a long, that when it was liquidated, all the shorts had to take a cut in their profits.
1564  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2018, 03:17:17 AM

That's quite a hit! Even with up to 100X leverage the guy must have lost atleast what, 50k BTC? Is that math right?

You guys sure we trust their reported volume? That's a rediculous lot and by the looks of that twitter page it happens often..

If you look at them all most of them are shorts getting squeezed lately, scrolling a little ways..

No the 5 million number is the amount of USD spent. So at 100x leverage the person lost over 50k worth, so about 8 BTC lost.
1565  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: September 13, 2018, 11:41:00 PM
I heard a rumour Bitmain is now demanding KYC check for anyone buying bitcoin miners.Chairman mao now wants your name and number?

The rumor is true. They need KYC info to buy miners from them.
1566  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 09, 2018, 07:17:41 PM
Yep I also had to downgrade my lifestyle.

Me too tbh, I’ve lived a bit of a false life since last year when I cashed in all my free BCH.

HODLING bitcoin is boring as fuck, having all that money but not being able to spend any of it. Fucking cock tease.
It’ll all be worth it in a few years though.

Same. The funny thing is that I haven't actually cashed out anything. I just looked at my wealth increasing "on paper" last year, and stepped things up accordingly. Ate at fancier restaurants, flew first class, etc.

Now I'm back to Taco Bell and flying coach.

Well, at least it isn't Ramen 3 times a day and taking the bus.

you can still afford to ride on a bus? damn. look at mr moneypants here

Actually, I can afford to put an all beef hotdog in my Ramen and I do drive my own 2 years old car. I'm blessed.  Cool
1567  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 09, 2018, 06:23:19 PM
Yep I also had to downgrade my lifestyle.

Me too tbh, I’ve lived a bit of a false life since last year when I cashed in all my free BCH.

HODLING bitcoin is boring as fuck, having all that money but not being able to spend any of it. Fucking cock tease.
It’ll all be worth it in a few years though.

Same. The funny thing is that I haven't actually cashed out anything. I just looked at my wealth increasing "on paper" last year, and stepped things up accordingly. Ate at fancier restaurants, flew first class, etc.

Now I'm back to Taco Bell and flying coach.

Well, at least it isn't Ramen 3 times a day and taking the bus.
1568  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: September 09, 2018, 05:46:51 PM

Even if it is true, wouldn't there be a huge tax involved? Plus, whith a huge law suit pending, I don't think this would be a good move at all.

Why would a huge tax be involved? Wright is natively Australian. Currently residing in UK? I don't know anything about their taxation laws, but I do know some about that of the US. Being from common legal heritage, I might imagine (admittedly, with some ignorance) that these jurisdictions have taxation laws similar to the US. In the US, wealth itself does not require taxation thereupon. Only in executing a taxable event is a tax obligation incurred. Such as selling for fiat. Or direct purchase of items using the Bitcoin itself.

In Australia, the act of trading one cryptocurrency for another is a taxable event. https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/?page=2#Transacting_with_cryptocurrency It is a taxable event in the UK too. https://blocktax.uk/guide/ Also, if Satoshi is moving his coins, people are going to take notice, especially the attorneys for the Estate of Kleiman. This would be a dumb move, all around. Also, the hopes that this would somehow bolster the market value of BCH is rather speculative. It may give a temporary boost, but if CSW proves that he is Satoshi in this manner, I suspect that it will cause the value of BTC and BCH to plummet in the midterm; since many people don't care for him. Even if CSW just signs a message with one of the early coinbase private keys, it would likely have a negative impact on market value.
1569  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: September 09, 2018, 02:28:58 PM

Even if it is true, wouldn't there be a huge tax involved? Plus, whith a huge law suit pending, I don't think this would be a good move at all.
1570  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 06, 2018, 01:11:03 AM
**shake shake shake**

https://www.youtube.com/watch?v=IgZOYt5kH9Q
1571  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2018, 04:55:54 AM

Only ~280k BCH have been mined since the end of March. Plus, they have stopped only accepting BCH for their equipment. Also, they now have competitors that are putting out better equipment then they are putting out. I doubt that they have accumulated 1.2 million BCH. They are strapped for cash and it does not appear their IPO is going to go over very well. I really doubt that they are in any position to attempt to buy more BCH. However, BCH has a few more billionaires who probably do have the resources to bolster the price of BCH. I'm afraid antminer's days are numbered unless they can get something going their way ASAP.

Ok your math checks out.  So the increase in BCH from Dec 31 to March 31 is ~162,00 for mining.  214,000 - 162,000 leaves 52,000 acquired by other means.  Hardware sales of 52,000 x $1500 average price = $78 million in sales in first quarter?  I don’t know if that is realistic or not.

this is a good article on the topic. they made a good deal of BCH from sales of ASICs. https://medium.com/@btcWolves/a-bch-update-bitmain-bch-the-ipo-what-it-all-actually-means-354220b86ac3
1572  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2018, 04:00:05 AM
If you are a miner and never sell the coins mined, of course that restricts supply and pushes the price up.  This is the slide from their IPO deck showing they are well on their way to a million BCH in March.  

At that rate they should have 1.2 million BCH now.  Meanwhile the Bitfinex BCH order book is only 5,000 coins deep. This is a BCH overhang that is completely illiquid and cannot be sold.  Very different from Bitcoin which is a highly liquid asset.   The IPO is basically their attempt at a giant OTC sale.



Only ~280k BCH have been mined since the end of March. Plus, they have stopped only accepting BCH for their equipment. Also, they now have competitors that are putting out better equipment then they are putting out. I doubt that they have accumulated 1.2 million BCH. They are strapped for cash and it does not appear their IPO is going to go over very well. I really doubt that they are in any position to attempt to buy more BCH. However, BCH has a few more billionaires who probably do have the resources to bolster the price of BCH. I'm afraid antminer's days are numbered unless they can get something going their way ASAP.

1573  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2018, 03:29:33 AM

I never understood this idea that Bitmain was BUYING BCH. I believe they have only been accepting BCH as PAYMENT for their machines for a while now. So, if you are selling a crap ton of machines and receiving BCH for it, then the amount of BCH you OWN is going to go up significantly. YES??

Well, for quite a few months now, they are back to accepting other forms of payments. However, a good chunk of the BCH stash that they had back in March can probably be attributed to mining and proceeds from sales. Also, they likely sold most of their BTC to keep their operations going, which have included several failed attempts to get a new SHA256 chip developed. I doubt they did much buying of BCH off of the markets, like some people accuse them of. The reason that I doubt it is because they can accumulate for much cheaper by selling their equipment for BCH and mining.

Bitmain has never sold a single BCH they have mined. This has artificially supported the price of BCH which has close to zero  organic demand. They have sold their BTC to pay the electricity bills.

Since when is mining and HODL "artificial" support? They can do whatever the hell they want with the coins that they mine. And now they have plenty of BCH to burn for their Wormhole project.  Cheesy Don't worry. If things keep going like they are going, Bitmain should be REKT pretty soon.
1574  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2018, 02:52:41 AM

I never understood this idea that Bitmain was BUYING BCH. I believe they have only been accepting BCH as PAYMENT for their machines for a while now. So, if you are selling a crap ton of machines and receiving BCH for it, then the amount of BCH you OWN is going to go up significantly. YES??

Well, for quite a few months now, they are back to accepting other forms of payments. However, a good chunk of the BCH stash that they had back in March can probably be attributed to mining and proceeds from sales. Also, they likely sold most of their BTC to keep their operations going, which have included several failed attempts to get a new SHA256 chip developed. I doubt they did much buying of BCH off of the markets, like some people accuse them of. The reason that I doubt it is because they can accumulate for much cheaper by selling their equipment for BCH and mining.
1575  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: September 03, 2018, 04:01:57 PM
I cant remember right now, I think it was Ver that said something about an issue at 22MB block.  I think we need to fix this & mine several 32MB stress tests blocks BEFORE we raise to 128MB.  Anyone wanting 128MB could easily make their own 32mb block and mine it to prove that we are ready for 128MB.

I would also like to hear from Jihan/Bitmain why they don't support big blocks?  I dont care if they said they wanted Big Blocks.  When it came time to prove it they barely mined 2MB.

The 128MB limit on SV is going to work a lot like BU's emergent consensus. A miner has an option to set both the maximum they are willing to mine and the maximum they are willing to accept without orphaning it. If the majority of the miners don't want 128MB blocks at this time, then what their hash votes, goes. This is unlike the ABC hardfork, which will basically force miners to order the transactions in the blocks canonically, or be orphaned off, even if the majority of miners don't want to order canonically at this time.
1576  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: September 02, 2018, 01:49:54 AM
Gee whiz. Antpool and BTC.top decided to mine mostly empty blocks during the stress test, today. Wonder what the narrative is going to be about the results of this stress test.
1577  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: September 01, 2018, 02:53:42 PM

how did bcash maintain its high coinmarket cap all this time any way? Relatively new coin with a bitcoin ticker?

Bitmain acquired over 800000 coins and less than 850000 coins have been mined since it forked off of BTC. That probably helped a bit.
1578  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: August 31, 2018, 09:46:57 PM


ok, try to convince you with the next consideration:

Satoshi left and was so mental strong to leave his baby in the arms of others.

CSW is so mental weak he can't step back to put Bitcoin Cash (which he claims is the original Bitcoin version) in the save zone again to avoid a HF.

conclusion: different persons with different personalities



OR




 Cheesy

PS. "Most probably" is most probably the best that you are going to do with me. For me, most probably, is an even higher level of convinced than "beyond a reasonable doubt." 
1579  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: August 31, 2018, 09:24:08 PM

No. It would be best for him and for BTC and BCH that he does now verify. I have clearly explained why that is so.

He has cited himself to be Satoshi - yet has provided no hard verifiable proof - to date.

I'm well aware of the safe guards placed on Satoshi's account by this forum.

I do hope you realize that I've been here for sometime ...
- https://bitcointalk.org/index.php?topic=5.msg188#msg188

I agree that it would be best for him. However, it would then put him in an exalted position, like Vitalik Buterin. I really don't think BCH or BTC needs that. I prefer not knowing exactly who satoshi was. Also, if proof is ever provided, I hope it doesn't come in the form of a rage quit and dumping on our heads.

He is NOT Satoshi.

If Craig Wright is Satoshi why did he disappear to come back?

Its totally illogical. First he gives up the project and repository and then he comes back and wants to start a hash war?

I must concur that I actually believe he is most probably not Satoshi. However, the above quote from reddit does not really prove that he is not Satoshi by contradiction. Human beings are not necessarily beings who are consistent in their behavior their entire life. It's not uncommon to hear someone say in the news, "that was so unlike him."
1580  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: August 31, 2018, 08:46:28 PM

No. It would be best for him and for BTC and BCH that he does now verify. I have clearly explained why that is so.

He has cited himself to be Satoshi - yet has provided no hard verifiable proof - to date.

I'm well aware of the safe guards placed on Satoshi's account by this forum.

I do hope you realize that I've been here for sometime ...
- https://bitcointalk.org/index.php?topic=5.msg188#msg188

I agree that it would be best for him. However, it would then put him in an exalted position, like Vitalik Buterin. I really don't think BCH or BTC needs that. I prefer not knowing exactly who satoshi was. Also, if proof is ever provided, I hope it doesn't come in the form of a rage quit and dumping on our heads.
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