Probably because their fiat accounts has been blocked and you can't withdrawal any fiat from there? but has anyone tried to deposit bitcoin and buy any of the alts they're trading? I agree it doesn't make any economic sense to offer $50 above the market price, maybe they are trying to pack their bags and run away?
I think it will not happen. we know that bitfinex is a great company. of course they have the confidence and very good security system. they would not leave us with poverty. this was a funny post, specially since the wounds of bitfinex getting hacked is not yet healed completely. i mean it is not even 1 year since the hack incident and they have not yet paid their customers in full. ...and you say good security. and it has nothing to do with the current situation anyways. it is their Taiwan bank blocking their accounts! |
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Unless they clearly say that bitcoin is legal in India, bitcoin can't do much to help current India problem. I think with current condition, Bitcoin only can be alternative way to store their money and pay few goods in India in small amount.
Yes indeed, India need some sign from the government that the bitcoin is tolerated in their country, and it is not against any kind of a law. If this will happen, Im sure that more wealthy citizens will buy some of this cryptocurrency, to have some funds saved in emergency case, because they would not risk putting their money into something, that is not defined in law, at least I would be scared to exchange a lot of my money into something uncertain-I dont know if in the next 3 years, the goverment in my country won't ban bitcoin. They need some solution, because the whole cash situation in India seems really terrifying for everyone, not only poorer inhabitants of this beatiful country. Firstly, since there is no law whatsoever stating bitcoin illegal it makes no sense to not use bitcoin because of that. There is absolute no risk in buying or using bitcoin in any country right now. Secondly, the cash situation has improved since the demonetization, mostly all the ATMs now have the cash(at least in cities) I really don't think anyone still has some problem related to not having enough cash, obviously some underprivileged people are still facing problems, but an average Indian is not really "terrified" by the cash situation. but the government of India has talked about making bitcoin illegal though. there was a topic, petition like to prevent the law to go through. but fortunately so far it seems like nothing has changed and bitcoin is still legal. but there are countries like Bangladesh of the top of my mind that have banned any kind of usage of bitcoin. |
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bitcoin is many things and it doesn't have to only be one of them.
- a currency that i use that liberates me from banks and anything centralized.
- an investment that is making me rich. although i never think of bitcoin as a get rich quick scheme, but it has been very profitable.
- a door to new things for me. for example i was introduced to trading this way.
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In the meanwhile the alts are recovering and doge increased +7.5% in value only today, and 125% in the last month
Litecoin also doing great, above 12 dollars
why are alts rising and Bitcoin tanking?
altcoins are rising because they are getting pumped, and since there is a lot of profit in pumps, many people join in and make the pump bigger. i don't see Doge rising though. bittrex shows it as 0.00% change in past 24 hours! and bitcoin is not tanking it is still worth $1200ish, maybe sideways but not tank! btc-e is above $1201 now but bearstamp is still pulling us down ($1187).
kraken is also $1197-1200
CAD is worth more (1607.38 CAD = $1210)
EUR is worth more (1122-1130 EUR = $1195.36-$1203.89)
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Mark my words - Bitcoin is nothing without altcoins as these alts tend to make Bitcoins too rise as well as circulate among users.
nonsense. it is because of bitcoin that they exist not the other way around. people go to altcoins in order to make more bitcoin and if anything that should decrease bitcoin price because people get much more bitcoin they used to have and if they sell price tanks. bitcoin rises on its own and has nothing to do with altcoins other way is correct however. altcoins get dumped as bitcoin rises and they sometimes get pumped if bitcoin takes a temporary dip Just think - what will you do with your money if you have nothing available to be bought through it?
IF there weren't anything available, which there is. and even if there weren't bitcoin would turn into something like gold. or are you going to say gold is valuable because i don't know iron exists!! p.s. so far in past 7-8 years thousands of altcoins came and gone and there will be thousands more in the coming future and they will continue to serve one purpose only: to get pump and dumpeduntil something changes with people who create these coins. |
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(i admit i have never wasted time to read it completely to see what it does but this is my understanding).
it is not a brute force, it is not breaking private keys, i think the word collider is not even right.
what it does (to my understanding) is generating private keys from 0 up towards that crazy number that is max (private key is a number after all). on the way up there has been some numbers that contained some amounts and it was a puzzle not real wallets and they found the reward for that puzzle.
i remember reading something like this
between 1 and 2^1 was one private key from this puzzle
between 2^1 and 2^2 another
2^2 and 2^3 another
....
2^101 and 2^101
....
and they found a couple of these on the way up.
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people keep saying bitfinex is fake pump but i am going to say it is now officially bitstamp that is dumping. JayJuanGee said this yesterday and i was skeptical about bitstamp bearwhale(s) but i see it now.
even btc-e is above $1201 now but bearstamp is still pulling us down ($1187).
kraken is also $1197-1200
a bit silly to say but even in other currencies bitcoin is worth more
CAD is worth more (1607.38 CAD = $1210)
EUR is worth more (1122-1130 EUR = $1195.36-$1203.89)
converted using xe.com
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I went out and bought some BTC, ETH and LTC
if you think any altcoin deserves the same attention as bitcoin you make a big mistake and you will pay for it with a lot of money lost. be careful with eth in near future and in long term and then afterwards ltc in longterm -wider usage . Btc needs to be able to be used to be able to purchase anything that traditional fiat is able to. This is obviously a no brainer. Btc needs to be spread out in the hands of more people
not necessarily, bitcoin can only be used when we need what the decentralized currency offers us and price still goes up and it gets adopted. it certainly would be a lot better if we could do everything with it but it is not required for success. - price needs to stabilize - the fluctuation in price is insane and needs to stabilize, in order for this to happen btc needs further distribution. Hoarders (chinese farmers and early miners) are a negative, see below.
the "hoarders" are human just like you and me, they just saw the potential and instead of waiting around for a drop to low prices they took action and bought bitcoin. i myself hoarded a lot of bitcoin when it was about $400. it is not negative, it is an investment that i made and i will start spending the day i see mass adoption. and meanwhile i enjoy my wealth grow and spend small amounts (as i said above) when i want the benefits of bitcoin. but i agree with the price needing to stabilize and that happens only with more adoption. when whales dump to create panic, if people start buying cheap coins instead of joining in the spread will happen easy and cheap. - fiat currency needs to disappear- this is obviously a radical thought but fiat cannot be an option. The reason is, guys like the mysterious satoshi nakamoto, chinese btc farmers, the vinklevoss twins etc or anyone holding a significant amount of btc can literally tank the btc ecosystem by trading out a large sum of btc to lets say us dollars.
it will all come down to usage. if bitcoin continues to grow in being usefull and get adopted like what we are seeing over in Japan, no matter how much whoever the fuck dumps, there will always be more buyers gladly buying their coins cheap and waving them goodbye as the price rises afterwards. |
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-snip-
what do you think about this: - bitfinex fiat withdrawals are disabled - people fear Gox specially with everyone repeating it online - so they cancel fiat withdrawal and buy up bitcoin on bitfinex (price goes up) - they withdraw bitcoin to other places (mostly bitstamp) and dump there (price goes down there) - they withdraw their fiat out of fear. this is more buy pressure on bitfinex and more sell pressure on stamp. |
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SealTx, I'm also a programmer and I spent some time speculating about volume per some custom period of time.
24h-Volume is not really practical, some strategies require details about hourly and 5-10-30min volumes.
So, the only working method I came up with is by analyzing the trading history on a particular exchange. Like every minute you send a request to receive all the executed orders for the past minute and you sync them with some local database.
poloniex gives you 5, 15, 30min 2 hours and 1 day charts (OHLC point) and in that you can get the prices and their volume and that is enough for analysis, isn't it? hahah... yes! I was just working on this. It seems to be a major lack, but also an easy number to get. I figured I could even sell subscriptions to a volume API or socket.
Not that easy, some exchanges simply ban you IP after you make more than some allowed number of request. Or they might cause you delays, during which you miss a lot of transactions with no chance to recover them. that limit is not really that bad. it is there to prevent DDoS attacks or someone unknowingly making a huge amount of requests on an infinite loop  and if you are a developer and use the API a lot you can always contact the exchange service and ask them to remove/improve your limitations. |
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this is true. I believe japan is preparing for the 2020 olympics as they will be hosting it. foreingers coming to watch the olympics may not have japanese currency but they might have bitcoin by then.
i seriously doubt this is the reason, since usually government wants the cash flow in with tourists. but this is actually a pretty neat thing that you pointed out. i have always said that bitcoin is the best thing when you want to travel to other countries. it is safe, you don't have to worry about exchanging your money and paying fees or paying high prices, and you can actually carry around a ridiculously large amount of money inside and outside of country without anybody knowing anything! i can not wait to hear about stories about this by that time. |
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if you have already found a python version of it that works then all you need to do is to "translate" python to JavaScript. for that you can open a topic in services board and pay someone to do it for you. or go to a python related forum and ask someone nicely to do it for you or better yet pay them with bitcoin and introduce them to bitcoin. if you know JavaScript yourself (at least some basics) you can also find tools online to convert python to JS. google results example: http://www.transcrypt.org/http://pyjs.org/https://github.com/timothycrosley/jiphy |
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you know what the worst part about argument about "... is or is not Satoshi Nakamoti" is
the worst part is that, this discussion is so dumb and at the same time it has a very simple solution.
step one of proving someone is Satoshi is if that someone signs a message (a cryptography proof). it is very simple that it makes me laugh even thinking about people who are still talking about it.
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You malign me, because you don't see the connections. Because you aren't so astute.
in that case i am ending this argument here since i am too dumb (according to you) and too lazy to open thesaurus. good day. |
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Famous last words. How can you know what Bitfinex is doing? How can you know what the true reserves of Tether's USDT really are?
How can you know what is bitstamp doing? How about Kraken? How about the biggest altcoin exchange out there, Poloniex? Did you not click the links in the OP about the recent news stories?
I am well aware of the news, their bank, the withdrawal, ... that is why I said what I said. The risks, that you are raising today is a drama and nothing more. because nothing has changed in the past 6 or so years with bitcoin exchanges. they are still the same shady businesses that can run away at any moment. the question is why spread the drama now? |
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my understanding is that you have joined the FUD team against bitcoin. maybe a temporary phase but that is what's happening in my opinion.
bitcoin price is not gonna drop unless bitfinex runs away. which is not at all likely. if they wanted to run away they would have done it after the hack not now. not after they paid their users back.
even if they run away, it will be a short drop exactly like when their exchange platform was hacked and price dropped.
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yes i have seen those before but for every one of these low fee spams there are so much more with higher fees. and bitfury only finds 11% of the blocks nothing more. so that would be practically ineffective because other miners reject them. But for every one of these low fee tx's (sending nothing exept a fee) included in a Bitfury block, another higher paying fee is not included, meaning fees rise further. 140,000 tx's from 1 addy, sending nothing except low fee, have been included in Bitfury blocks, while "recommended fee" paying tx's (6x higher fee or more) are left in the mempool. 140,000 tx's at 386 bytes equals around 5.5 blocks created by 1 addy, mined by Bitfury, sending 0 btc. Can't be helping anything. since you brought this up i went through it and i encountered this: https://blockchain.info/block-index/1486455 (mined by AntPool) Ctrl+F the address it contains 252 of these transactions and it seems like bitfury is not the only miner picking these up after all! p.s. the block was mined during the spam attack while mempool was full (2017-04-15 11:09:19) |
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yes i have seen those before but for every one of these low fee spams there are so much more with higher fees. and bitfury only finds 11% of the blocks nothing more. so that would be practically ineffective because other miners reject them. c) the fuller the blocks are naturally, the less extra space there is , so cheaper to spam (this is why bigger blocks will help fight spam)
i find this statement contradictory. cheaper to spam means easier to make more transactions. and how much bigger blocks are we talking about! 1.2 MB 1.5 or 2 or 10 MB or 20 are nodes and miners really ready for that size. i don't think so. |
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Yup looks like bitfinex is insolvent. I'd stay away from (false) arbitrage because you'll never get your money back out.
Well, it has been insolvent in 2014 in 2015, once more in 2016 and now in 2017. Any real proofs it will happen now? No speculation by trolls here or on reddit! 99.999% of the time, it is drama and nothing more. specially if you read it on bitcointalk or reddit. and it is utter bullshit if you read it on a bitcoin news site  but the problem is that you never have any proof until it is too late. exchanges are not safe, they have never been and they never will become safe unless they become regulated and get licenses or things like that. and that is true about all of them not just bitfinex. people are busy with bitfinex and kraken or bitstamp may turn into gox. it is simple: we got hacked : file for bankruptcy : users are f** |
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Things are definitely better then It was yesterday, I have a question though, If this is indeed a spam attack, anybody could do it? or this require money and resources to do? curious how It's done but If it require money, I believe big whales are behind it.
i am no expert but some things (i think) are obvious. for example the transactions need to be paying higher fees or they would be useless. so each paying 200-300 satoshi per byte. only useless to real user. spammer doesnt need to pay anywhere near that cost. they can put absolute minimum that would be relayed whatever that is (no fee?) im not sure if there are 1 million transactions paying 10 satoshi per byte i pay 20 satoshi per byte and i will have priority over all of the 1 million spam transctions so miners will pick my tx. they spam to take the space in the block (fill it up) not to take the space in the memory pool. and to take the block you need to have higher priority hence the higher fee. |
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