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August 25, 2019, 04:00:41 AM *
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1921  Bitcoin / Bitcoin Discussion / Re: Bitmain is mining with AsicBoost on: September 10, 2018, 03:39:09 PM
1. Ok then I will wait for the good news. When will that be?

2. They are? Then why did it have to take the need for the UASF to have Segwit activated, why did they support the NYA and 2X?


3.No, you take a step back and take a better look if your "game" is working.

Before I forget, I also want to ask. Out of curiousity, are you supporting Jihan Wu or Craig Wright in the Bitcoin Cash civil war? Why? Who eould Roger Ver support?

1. cheap last batch S9's $850 instead of $2k. batch ordering was in june 2018. as it was thir clearance sale.
expect news in october/novemberish about thier next gen asics.

2. the NYA and 2X is all the same thing. i told you before check the financial backers.. DCG.co/portfolio/#b

3. my hate and detest for the core developers is when people like Luke JR saying that bitcoin and blockchain is broke and doesnt work by saying it cant scale to world usage. if they dont beleive in bitcoin or immutible blockchains. then they should stop coding it an should stop moderating out or USAFing out those that actually want to scale bitcoins blockchain.
those wanting commercialised hubs(banks) and factories(fortknox) hate bitcoins and are either paid or just recoding bitcoin to restirct it to then push off the offchain solutions.

barry silbert (DCG) or as you call it NYA group. is the big payer of blockstream (core dvs lke luke and sipa and rusty russel who love offchain)
DCG or as you call them NYA are also paying BLOQ (2x) blockchain.info(ver)
DCG or as you call them NYA also paid for USAF (samson mow, luke JR of blockstream)

it was one huge 3 card trick/seashell game where all 3 cards are part of the same family but pretend to fight in public to stir up drama.

..
anyway i do not defend craig or ver.. my opinion about core existed before craig was even a whistle on anyones lips. so when i detest core does not mean i like craig.
i was part of the group that corrected people. i was saying craig was a fraud and that he scammed businesses and australian government out of tax grants due to his faked/fraud/empty tulip trust that has no actual collateral of bitcoin privkeys in it.

as for ver. he is not even a coder. he did not code bitcoin cash.. he is just the front face of attack to distract the sheep so while they attack him the sheep are not noticing bitcoin innovation getting stifled.

please atleast do your research it been month now and it seems your still stuck in the reddit propaganda scripts.

the whole august 2017 was a way to get segwit in at ALL means possible by the november deadline as it meant private investment will release its financial tranches to developers and so that private companies can get what they wanted a step closer to pushing people into a side service away from miners so that commercial factories and hubs on the side service can reap the financial benefits of charging fee's and eventually when users run out.. the hubs/factories keep the coins..
why do you think the 2017 mega spike started at that date and climaxed in december.
th november date was the mile stone of segwitx1 locked and 2x fizzled away as it was never planned to succeed. x2 was just the carrot on the stick to fake to the community ther was an option. just to fake it until x1 got locked.

once locked the private investors got what they wanted and thats the 2017 hype spike explained.

anyway back to the stiffling bitcoins blockchain legacy utility to push LNs off chain commercial service of the future..
EG
remember the gold era. people stopped swapping gold and locked it into vaults/banks/fortknox(LN factories) and traded unconfirmed receipts of proof with each other until one side no longer had value. then the winner... became those that were the vaults

if you read LN's 2018 concept you will see,,  LN factories/watchtowers = third party= banks

atleast wake up to the differences of 2009-2013's bitcoin. compared to what luke JR says about 2018's bitcoin.. and then look at what the NYA (DCG) is pushing

jihan and ver are in the same family as DCG aka NYA aka BScartl.. they are just made to be the scape goats of FAKE free choice.

look even back to the december 2015 'consensus conference' where the original NYA agreement was made. and then

check out the names on DCG.co/portfolio note them
and note how the DCG / NYA portfolio is not onchain 'big block' but lightning investors. yep NYA agenda was not big blocks as your buddies call innovating ONCHAIN.. but they want commercial offchain banking(hubs)
blockstream - lukejr rusty russel -
BTCC - samson mow
bloq - Jgarzic
blockchain - ver
bitgo - LND
coinbase - charlie lee - LND
coindesk

you buddies can tell you anything they please. but actually go beyond your buddies reddit scripts. check out the investors legal duty to disclose their finances. check out the investors portfolio. even check out who was behind the NYA and x2 and USAF

the mandatory split of 2017 was not consensus and the result is code that only 35% of the comunity wanted in wintr of 2016/spring of 2017

but i guess like the dozen or so other topics i asked you to step back do research. you will just ask for a updated rddit propaganda script from a friend and continu kissing ass of the BScartel. and let them tell the world that blockchains are broke and dont work and the only way iss managed accounts offchain.

p.S if you want to continue with head in the sand and kiss asses of those that want to keeo bitcoins ONCHAIN network stiffled to a point of people needing LN. then may you prevent yourself from getting involved in technical/factual stuff.. and eventually when you make profit. exit from blockchain communities. because it seems you want bitcoin and blockchains to be broke

anyway a message for the future.
i hope you learn whats really going on.. or atleast make fiat profit and be happy in your fiat life
until then. dont bother replying with insults or empty statements of 'wrong because wrong' either learn whats really going on. or just concentrate on making your fiat profits.

oh and if your buddies still want to play the USAF was not core
1.look who was involved. lukeJR.. (surprised?.. im not)
also look at this pic https://github.com/UASF/gitian.sigs/tree/master/0.14.2-uasfsegwit0.3-win-unsigned
https://pbs.twimg.com/media/DE9JQs2UMAA93hc.jpg

also samson mow was the front face runner of it. and guess who he workds for now.. yep blockstream
1922  Bitcoin / Bitcoin Discussion / Re: Bitmain is mining with AsicBoost on: September 10, 2018, 08:15:28 AM
I have been told by my Bitcoin friends online that Bitmain has started to mine using AsicBoost. But why? There are theories that it's because their hardware are becoming obsolete, and that they need to look good for their IPO.

But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.

i see you have head deep in the propaganda.. so lets correct you
1. bitmain sold off its S9's cheap. ... why.. because they are testing the next get asics with less NM's (meaning faster generation ASICS) they just dont want to tell the economy they already have equipment until they tested it for a couple months (for quality assurance, and yea profit on rewards)

2. bitmain are actually core friendly. they are in the same pocket as the BS cartel. you can spot this by them using segwit for their coin rewards.
https://www.blockchain.com/btc/block/0000000000000000001387eeac2af4a6d8b2b78f9d51974e3406f44cd9e83872
they have allowed themselves to be targets of disaster as the distractor to turn heads away from developers.

3. if you still think the kardashian game changes anything. then you need to step back and take a better look at the 3 shell game of distracton.
1923  Bitcoin / Bitcoin Discussion / Re: Vitalik Buterin: Crypto, Blockchain Space Won’t See ‘1,000-Times Growth’ Again on: September 10, 2018, 07:47:54 AM
I believe Vitalik is confusing his own pump and dump scheme which is starting to reach its "end of the line" with cryptocurrencies.

hav you also noticed that the main devs of coins are starting to hate what they code.
vitalik saying the market prices of coins cant grow much more
Luke JR saying bitcoins technology cannot scale.

it seems they all want to go back to fiat and jump off the bus. but happy to tare what they are coding apart in social discussions
1924  Bitcoin / Bitcoin Discussion / Re: Psychological fear dominates the market on: September 10, 2018, 02:34:33 AM
right now 10%+  10%- are not hype or fear. they are just normal waves..

Are you really calling that thing that happened at the end of July a normal thing? To me it was fear at its finest. The price broke out and acted like it was about to establish a higher low and then when it corrected it didn't go half the way. It went far below the point from where it started to rise which means that people oversold. Not onl;y those who bought into that rise sold but also those who were holding at the downtrend, before it even broke out to the upside.

every day there are ups and downs. if you are basing the new bottom by a price movement of a few days/weeks then you need to stretch your chart out further.. like i said +10% are normal swings. not new base setting milestones

i base my "value" on cost of acquisition.(the low/bottomline of a long term) which is basically the average cost of mining a bitcoin. and the low of the market (i ignore ATH)
anything above that is a speculation bubble area of hot air and hype.

what you need to know is that before June pools were using ASICS that had a unit price that was 2.5x more than the post June ASICS batch. basically it got cheaper to mine bitcoin. but now we are seeing the hashrate/difficulty counter that, thus raising the acquisition cost back to pre june

the overal average acquisition cost of traders and miners from november 2017 to now is $5,800ish+
if yes im saying it IF the price went below $5800 then i would have said that it was over sold. and the price was UNDER VALUED. but guess what. i would not fear that. for me. that would be DISCOUNT day. and a great time to buy.
(i hold MANY coins yet i dont fear when markets go down.)

now with this week we are seeing hashrates above 50exa evening out the event of junes asic hardware batch price change and seeing the price today is $6200+ then i see it as $400 of bubble/speculation padding above acquisition costs of 2018.

things to remember. the ATH is nothing special. at the peak only 1 person took advantage of the very top. but everyone can take advantage of the bottom. so dont stand at the top of a mountain looking down. stand at the bottom looking up.. this fresh mindset of looking up will make you a happier person when trading

oh. and if you too want to do some maths.
in october we will see another batch of new asics that will bring the cost per bitcoin into question depending on the hashrates rate by november(when users receive and start mining for less hardware cost) to see if there is another impact to the price.
im hoping to see a 90exa by october to keep to a ~$6k underlying value.
that way bitcoins long term growth stays on a yearly positive rise
2016:>300
2017:>900
2018:>5800

as for the 'price' volitility above the sea level of $5800. to me thats just waves that i like to surf that i can make a few percent a day playing the ups and downs. satisified that the sea level remains above $5800
1925  Bitcoin / Bitcoin Discussion / Re: Vitalik Buterin: Crypto, Blockchain Space Won’t See ‘1,000-Times Growth’ Again on: September 10, 2018, 02:15:07 AM
1. if ethereum jumps from PoW to PoS then ethereum wont see growth to 1000x.. because PoW has real underlying costs to make blocks but PoS doesnt. so ether wont have underlying acquisition costs holding it up as well and has more potential to go down when PoS block creators get rewards at no cost so will sell down the market..
1. May not be true due to speculation, a boost may come from the investor sector if they see this as essentially a dividend. It also could get those who are worried about the negative press and reaction to large power usage.

speculation is just waves. not sustainable and normally corrects back down to underlying value. though new ATH are great for media, drama, conversations.. the actual price event never lasts long enough for everyone to have enjoyed/took advantage of. whats more important is the sustainable long term prices that everyone can take advantage of.
EG(using bitcoin price stats as example)
2017:>900
2018:>5800
not many took advantage of 2017's $19k+ but EVERYONE even you right now can take advantage of the 6x rise from 900-5800
these >900  >5800 are build up from th underlying bottom value made up of cost of acquisition

anyways sticking to acquisition costs

imagine that gold costs $1k to mine and the price of gold was $1100..
then imagine next week they found a way to mine gold for $0.01

all the gold miners will sell their coin not for a bottom limit of $1k to break even like before... but for any price above $0.01 to break even with the new method.. because anything above a penny is profit.

you will also see those market investors. wont want to buy gold for $1000+ because there is a way they can get some for a penny. so they too will become stakers and grab the rewards and then sell down the market further pushing the price down.
because ofcourse why would they buy at $1k on the market if they can buy some for less elsewhere

that said. my point 1 and ur reply and my reply are all on the scenario of a PoW to PoS flip. and me just saying it will cause a price drop of bottomline support value.

HOWEVER
seems alot of ethereum devs have recently agreed that in a couple months they are thinking of changing the ether block reward from 3eth to 2 eth but didnt mention a change to PoS..
and so under that scenario with less ether per block but still doing GPU/ASIC (PoW) mining. the reward goes down which means while PoW mining remaining. the costs rise due to hashrate rise. but the reward drops so the cost per ether goes up. meaning PoW miners are not going to sell for less then their costs. which. if the rumours of them dropping to 2 ether is true then ethereum will go UP in price. due to acquisition costs rising.
1926  Bitcoin / Bitcoin Discussion / Re: Vitalik Buterin: Crypto, Blockchain Space Won’t See ‘1,000-Times Growth’ Again on: September 09, 2018, 10:43:10 PM
If ETH goes back to 1 dollar then you bet your bippy it's going to be possible again.

If I was anyone in the crypto space I'd wait before the bubble was fully deflated before declaring anything. What amazes me the most is that despite all these billions sucked up almost nothing of note has been achieved. If anything it'll have made most coins look more empty and useless than ever.

You'd expect a tiny sliver of constructiveness to have come out of it all but it's hard to detect any.


investing in the token:
thats because it doesnt take real billions to move the price from $5,800 november 2017 to $19k+ december 2017
most order lines are filled with 0.00x btc (so moving up a few $ price is cheap)
the market cap. is not a measure of how many $ are held somewhere.. its just a multiply.

investment in the sector
as for how much real $ entered the crypto sector. alot of it is diluted over thousands of coins. which result in on average only paying a couple devs salary for a year(per project)

investment in innovation
but yea if all that funding was thrown into just 1-5 projects it would help more.
i personally would rather see bitcoin devs make a proposal and calculate how many devs are needed to code it. and how long it would take to get a bounty total. and then fundraise innovation

then the community both see innovation happen.. funding become efficient and yea if no one pays.. then no one wanted it. so devs can concentrate on what the community do want
1927  Bitcoin / Bitcoin Discussion / Re: Vitalik Buterin: Crypto, Blockchain Space Won’t See ‘1,000-Times Growth’ Again on: September 09, 2018, 09:57:52 PM
1. if ethereum jumps from PoW to PoS then ethereum wont see growth to 1000x.. because PoW has real underlying costs to make blocks but PoS doesnt. so ether wont have underlying acquisition costs holding it up thus less supported, and has more potential to go down when PoS block creators get rewards at no cost so will sell down the market..

2. some coins can see 1000x but that does not mean its sustainable. it just means temporal price glitches. (speculation) again based on no big sudden overnight new tech that will push acquisition costs up.. (unlike october 2013 where GPU flipped to asics for instance)

3. saying it hit a ceiling.. um.. only 2000 altcoins.. but 7 billion people yet to make their own altcoin.. we have not hit the ceiling. we have just stepped on a creeky floorboard and stopped to see who is listening


1928  Bitcoin / Bitcoin Discussion / Re: DO PEOPLE STILL HAVE CONFIDENCE IN BITCOIN? on: September 09, 2018, 08:40:41 PM
i and the majority have not lost confidence in the market
2016: >300
2017: >900
2018: >5,800
proves market confidence so far
right now the community is not at a loss of confidence. or a growth of fear.. the community is at a 'no innovative, excitement happening' period (nothing to hype)


where the fear is/reduced confidence will be, is in the utility of bitcoin dropping

this can affect things as a snowball effect in the future, which can effect the speculative volatility of the market price. if bitcoin has no utility, then even with scarcity. people wont want it. and so there wont be as much push. in the end the only market movers will be the miners, which if they decide to move a few rigs over to other coins. hashrates wont rise and the remaining miners can get more rewards regularly, thus reducing their costs and increasing their rewards meaning they can sell for less.

so its important that bitcoin NETWORK (not side services/networks, not drama, not emotion) but bitcoins blockchain re-innovates otherwise the hype of bitcoin being "the greatest" dies. which then snowballs.
1929  Bitcoin / Bitcoin Discussion / Re: Do we too contribute to price manipulation by storing our bitcoins in exchanges? on: September 09, 2018, 08:28:09 PM
storing bitcoins with an exchange as a balance MOST would think does not affect the manipulation. because a exchange balance.. is not the same as a market order or trading. (custody vs trading are separate services/databases)

SOME think that the manipulations are done by the exchanges themselves by 'borrowing reserves' to do ghost trading.

i feel that all the exchange inside traders playing with reserves to ghost trade have now exited the community with their "we been hacked" retirement plans

though i still think if your hoarding more than your afraid to lose in an exchange, just hoarding it as a custodian(bank) service. get it out
1930  Bitcoin / Bitcoin Discussion / Re: Psychological fear dominates the market on: September 09, 2018, 05:50:37 PM
wrong

bitcoin has an acquisition cost. at the moment miners costs are above $5,800. the high majority of users are refusing to sell for less then they paid for it. which also supports the long term $5,800 bottom. thats called the underlying market value layer

above that. .. then there is markets speculation layer.

yes psychology dominates if a price goes 4X higher than communities average acquisition cost. and psychology can decide when to correct that empty hype spike. but thats just the hype and fear of the speculative layer.. not the underlying layer

right now there is about 10% hype/fear speculation
in december there was 400% hype/fear speculation

but right now there is not much fear. we are not seeing 400% drops. we are not seeing price go below the long term underlying value

right now 10%+  10%- are not hype or fear. they are just normal waves..
1931  Bitcoin / Bitcoin Discussion / Re: I believe centralized coins will eventually win. on: September 09, 2018, 03:36:44 AM
We've already deflected many attempts to centralize Bitcoin in form of Bcash, Segwit2x and other forks, so the future doesn't seem so bad.

what you dont realise is that only 35% wanted segwit.
so by deflecting away opposition with things like REKT campaigns and mandatory forks that use threats of banning nodes and rejecting blocks. is actually making the community more one sided to one group.

replace the word decentralisation with diversity and you'll see where REKT/USAF went wrong and done the opposite of what you presumed in the quote above

the last 2 years has been like the apartheid. by saying anyone that doesnt like the BS-Cortel must be black and they most sit at the back of the bus or get out of town. all so that whites can expand and distribute their purity.. and then say that white supremacy is diverse. and that blacks, asians, are invaders that want to take over..

anytime you see anyone say "if you dont like X feature of bitcoin F**k off.. and play with something else" that is centralisation.
might be worth you learning consensus and realise that consensus has not been used in the last 2 years to decide on new rules, new protocols, its just been sheep followed in or made mandatory

you might also learn that those wanting segwit are actually the same guys that paid bloq to do segwit2x and the mandatory bilateral split(UASF threats).

the august 2017 proved that a central group can push through what they want. and push any opposition off the network

bitcoin DATA is DISTRIBUTED.
bitcoin Token ownership(privkey) are DISTRIBUTED

but the rules protocol has become centralised, everyone follows one teams rules forced in at august 2017 and milestoned in november 2017
(distributed and decentralised are not the same thing)

oh and wait until LN roles out the factories(fortknox) and where people cant just push payments to anyone. but need other parties authorisation. then it may dawn on you that those paying people like Luke Jr to say bitcoin is broke and LN is key. are the ones centralising bitcoins tokens.

then comes pruning the blockchain data before a certain checkpoint becomes centralising the data. where only a select set of nodes remain archival.
then comes confidential data and schnorr which hides if all parties of ownership agreed to move funds and hides how much is moved. thus taking away the open transparency of decentralised auditing the data, whereby nodes just blindly accept data, knowing less about what they are accepting.
then comes revocations which allow those who funded a managed transaction to have their funds revoked not just using LN revocation but the previous mentioned Schnorr

but before replying to defend them. research consensus and research what bitcoin really is. and please dont bother defending a team. because by defending a team your not defending a decentralised bitcoin. (you will literally fall into your own hole you dig by defending a team)

then while still not ready to reply with an accurate observation of decentralisation. try seeking out another full node software that has its own proposals and open coding that has not been rekt/forked away or part of the same group as "the reference client".

and when you realise any other node base is just sheep following a "reference client"(you know what i mean) then you will see how centered it all is.

i know i know you are probably going to defend a team by saying they are the best and they deserve to control the future direction of bitcoin. but just listen to yourself when you think that. listen to what your saying.

you dont need to rebut my words to try proving to me that a reference client team is essential. what you are saying is that you secretly admit the central team. you admit you love the idea of pushing any opposition to that central team away is good for centralisation. and you admit that what you hope for is distributed but centralised. rather than real decentralisation
1932  Economy / Speculation / Re: will the price of the bitcoin will reach so high that no one can buy it ? on: September 08, 2018, 08:38:11 PM
most dont invest in a whole tonne of gold.
but can happily buy many ounces

most wont invest in a whole bitcoin.
but can happily buy many 'bits'(100sat allotments)
1933  Economy / Speculation / Re: Settled at ~$6400 for now? on: September 08, 2018, 05:59:30 PM
True. I see that most of the people here compare the current price with the ATH. Instead of this they should be comparing it with the lowest point of the year. Changing the perspective will change the way we trade. If you look at it this way then we can realize how much bitcoin is growing  over the year.
Expecting the bull run to return soon the price of bitcoin may rise soon.

newbies and novices
imagine the price as the sea level vs the tip of the Alps mountain

at the tip of the alps. only 1 person at the very top took advantage of selling that the max price. just 1
where as EVERYONE can take advantage of the sea level bottom.
EVERYONE can today sell for more than the last 10month low of $5,800

yet the price has not dropped to that level since.
everyone can today take advantage and sell at over $5,801, $5802... and so on. but they are not.
so today the community combined has equally agreed that they wont sell below X which for the last few weeks has been $6k+
now while the cubs and calves play around above $6k we are still on a bull run from $5,800 because the WHOLE market has agreed on that.

ignore the 1 person who decided he wanted to buy at the peak and the 1 seller who decided to sell at the peak.
the entire community is agreeing we are in a bull market above $5,800 and have cubs and calves playing around the $6-$8k area

again using geography analogy
no one measures a sea level by the last tsunami's height. they measure it by the common agreement of what is the normal tide

cubs/calves are the low tide high tide that moves daily, seasonally
bull/bear are the sea level. the long term average of long term period

while typing this. the OP got proved wrong. the price is $6200. so the cubs and calves have still not agreed to play on a $6400 hill top. the cub chased the calve down the hill.
but the bulls are still above $5,800
1934  Economy / Speculation / Re: Settled at ~$6400 for now? on: September 08, 2018, 05:03:56 PM
ignoring the highs. if you concentrate on the lows. and see where the lowest price of 3-6-10-12 month
you will see that bitcoin has always been on an upward movement

2016:  >$300
2017:  >$900
2018:  >$5,800

people need to realise the bull-bear switch over is not something that happens hourly or daily.
bull and bear are the longer term directions.

maybe what the financial buzzworders should use is
short term up = Calve (young bull)
short term down = Cub (young bear)

bitcoin has been bull but does get occassional calve and cub events
1935  Bitcoin / Bitcoin Discussion / Re: New Method of Veryfying transactions?! on: September 08, 2018, 08:36:29 AM
Is transfers slow for anyone?

Usually when no send Bitcoin it's like 30 min but now it's over an hour and nothing.

at time of posting. there has been 4 blocks in the last 20 minutes. and those blocks are not full, so the network is not congested
your transaction may not be included in those blocks if:
1. your using a web service. (they can be lazy and wait for ages then push loads of transactions out at once)
2. your using your own personal wallet but you didnt calculate a fee
3. your using your own personal wallet but its not connected to other peers for the network to get your transaction
1936  Bitcoin / Bitcoin Discussion / Re: New Method of Veryfying transactions?! on: September 08, 2018, 07:46:10 AM
here are the issues

1. bitcoin already does the + - part.
with bitcoin if your looking at it in human readable format
imagine the Vin/txin/input (unspent input)  of a transaction is the  -
imagine the Vout/txout/output(destination) of a transaction is the +

so then
vin/txin
   sam 3btc
vout/txout
   michael 3btc
signed:sam

so its like this
-
  sam 3
+
  micheal 3
signed:sam

2. the beauty of bitcoin is that michael does NOT have to be online to accept payment.
sam is giving away his value so only sam needs to be involved. he is signing to say he doesnt want it..
he is literally throwing it at michael. rather than waiting for michael to shake his hand.

3. the OP's transaction doesnt appear to show that the transaction can prove that sam even had the 3 coins.
in bitcoin the vin sam is where "sam" is an identifier of when sam got his coins.. not simply saying sam has 3 coins

bitcoins system is not an account balance. each transaction is a chain of from Dave to sam .. sam to michael
where "sam 3" in the sam to michael is an encoded (from davestx 3)

4. most importantly. if you really want a account balance system rather than a transaction chain secured by batching transactions into blocks which are chained.
and  if you want the account balance system to be run on a server that both sides need to log into... it exists already.
its called a bank
1937  Economy / Speculation / Re: Satoshi Nakamato selling 111000 Bitcoins ? on: September 07, 2018, 11:38:16 PM
Bitcoin community members continue to piece together the story behind a huge wallet containing over 111,000 BTC ($802 million) — which suddenly became active after over four years.

fake news


the 111k coins moved into an address in 2014. and moved out 8 MINUTES LATER in 2014

since 2014 the address only then held 0.009 balance.. and it was the 0.009 balance that got moved in 2018
https://www.blockchain.com/btc/address/15ihHoGs3onQBNnEH8afDFGvou9nD62Hm7

chill out guys 111k has not finally been spend this year. it has been moving about as smaller amounts passing different hands and loads of addresses for years. not hoarded for 4 years

the news is
"someone who HAD 111k btc that touched the address for 8 minutes in 2014.. has now used his address again 4 years later to remove the remaining 0.009btc"
1938  Bitcoin / Bitcoin Discussion / Re: Do you still believe in predictions of "experts" about the bitcoin price? on: September 07, 2018, 11:19:28 PM
when i see people who only use a chart. and they then draw lines using past price data. i call them trend ANALS (TA) not technical analysts(TA)

you cannot predict a future price by only looking at a past price. it doesnt work that way.
what ends up actually happening is bots stupidly get programmed to repeat the past. thus its not predicting the future. its just created a repeat.

proper technical analysts look at the causes of the past. such as knowing that october 2013 was due to ASICS raising the "acquisition cost" of bitcoin due to hashrate rise asics caused and the higher price of equipment/electric to hash that increase.
ofcourse the HYPE (emotion/speculation) quadrupled the price above the acquisition cost. but then when bad news hit. it corrected down

the reason 2014 bottomed out at no lower than $250 but was higher than 2013'a low of $100. was that the $250 of 2014 was the underlying bottom value of acquisition costs that no one is foolish to sell below.

the 2017 spike was not about hash power. because november2017-march2018 had no change in ASIC tech. the 2017 spike was PURE HYPE of the "segwitx1 locked, segwitx2 rekt" which is what the big bankers were waiting for and contracted paid devs to push through so the devs can release their tranch of funds for meeting their contractual duty. the bankers then went on a big buying round and speculators got all warm and fuzzy that some drama event and code finally got to its november2017 deadline.

ofcourse because "acquisition costs" didnt go up as fast as the speculation. that spike too was corrected down.
which then resulted with prices staying low and near the acquisition costs. which fluctuated above $5.8k due to a few different reasons.
..
in short if you see someone say "price will move because of X prior date did this" they are trend anals
if you see someone talk about the acquisition costs of mining and they actually explain when a spike happens there is nothing backing its cost so expect it to pop and correct. then they are more of the technical analysts.

however even technical analysts that actually look for causes in reality.. cannot predict the precise time. or how high it will go. they can only suggest if a large movement is backed by real costs that people will refuse to sell below. which will hold a price at a new bottom.. or if the acquisitions costs have not increased. then expect it to correct back down to the per hype value(but cant predict when)
1939  Bitcoin / Bitcoin Discussion / Re: BlackRock ETF, Antonopoulous and the Bitcoin Bubble on: September 07, 2018, 04:19:00 AM
firstly bitcoin is not a bubble.
BUT
when there is a big price spike that is not backed by good sustainable and measurable acquisition costs.. then the PRICE is in a bubble.
a bubble is not a term saying an asset is fake, not real.. a bubble is about the price valuation being inflated. take housing. houses are real houses have real value. but in certain years the housing market can be inflated and thus they call it the "housing bubble". also tulips are real you can still buy them. they are just not worth as many loaves of bread as they were centuries ago.
bubbles just mean expect the inflated price to pop and correct down.

any way lets address the ETF issue too

ETF corporations that have filed for SEC acceptance have already bought their reserves yield of real bitcoins. so dont expect a big batch purchases the day they get their ETF accepted. (the winkles ETF of 200k coins were bought YEARS ago.)

investors wanting to invest in ETF's are not buying btc. they are buying SHARES in a corporation.

when a ETF gets acceptance there will be media hype but this can inflate the price (bubble and correct back down). it will take time for a real sustained bottomline value movement to be at what was the last ATH so expect corrections after the emotions subside. though that does not mean traders cant enjoy playing the waves of hype as they spike and correct along the way.

i would care more about the averaged "acquisition cost" of bitcoin. such as the lowest mining costs for this month is around the $6k area and market buyers/sellers have had like 10 months to try pushing below $5.8k so the bottomline acquisition costs of mining and buying coin is $6k+ area. and as mining costs increase due to hashpower rises. and new buyers buying above $6k wont sell for less.. this will increase the bottomline value slowly but surely

things like ETF and media. are just drama and hype of spikes and corrections that will cause the prices to jump up and down above the bottomline which increases at a slower rate
1940  Economy / Economics / Re: BITCOIN / GOLD on: September 07, 2018, 04:00:38 AM
ETF corporations that have filed for SEC acceptance have already bought their reserves yield of real bitcoins. so dont expect a big batch purchases the day they get their ETF accepted. the corporation bought bitcoin along time ago. (the winkles ETF of 200k coins were bought YEARS ago.)

investors wanting to invest in ETF's are not buying btc. they are buying SHARES in a corporation.

when a ETF gets acceptance there will be media hype but this can inflate the price (bubble and correct back down). it will take time for a real sustained bottomline value movement to be at what was the last ATH so expect corrections after the emotions subside. though that does not mean traders cant enjoy playing the waves of hype as they spike and correct along the way.

as for the gold/bitcoin
forget about golds physical properties of the commodities market. bitcoin is nothing like a gold commodity. or any commodity. however gold also sits on a asset market. which bitcoin sits on. which is more based on the acquisition costs where mining being a dominant factor of bottomline value(the low price/correction price when hype is at its lowest)

i would care more about the averaged "acquisition cost" of bitcoin. such as the lowest mining costs for this month is around the $6k area and market buyers/sellers have had like 10 months to try pushing below $5.8k so the bottomline acquisition costs of mining and buying coin is $6k+ area. and as mining costs increase due to hashpower rises. and new buyers buying above $6k wont sell for less.. this will increase the bottomline value slowly but surely

things like ETF and media. are just drama and hype of spikes and corrections that will cause the prices to jump up and down above the bottomline which increases at a slower rate
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