For a bit of fun heres an idea for the top. How does a brief spike to $50k in the very near future sound ?



That would be similar to the first bubble peak of 2013

Then a crash, but first a ginormous spike

I wonder if the reason many fail in TA is that they don't use the log price scale enough.

I'm done with kraken as soon as i manage to withdraw funds. Haven't prooved ID so can only withdraw tiny bits, after refreshing the withdraw page 20 times, once per day

Hey HairyMaclairy (from Donaldson's Dairy) thats interesting about the transaction volumes of the  coins.

I agree with some previous comments about segwit not delivering. Why implement and not use? It makes no sense. Are they really worried segwit isn't secure perhaps?

Dash was puming?


Sounds like an idea for a fork. Lets do it.

The objection to BCash comes from the fact BCash is also another thing (I think) and cos it hurts the bitcoin cash investors feewlings
https://medium.com/@freetrade68/announcing-bcash-8b938329eaeb

Whereas the objection for the term Bitcoin Segwit is only because your poor feewlings got hurt

 

Seems to work pretty well for me mostly

Hi sgbett its good to see posting again. I remember your analysis from way back including your postings about the S curve. Always appreciated your ideas.

Like you I assume this particular time will be no different ie there will be a crash and following bear market from this run up. Very hard to predict where it will end though. I'm not convinced the top is in yet though.

I wonder if segwit problems may prick the bubble, perhaps like Hyperme.sh alludes to with miners stealing a booty of coins held on segwit addresses. 

Its funny to see the idea that this run up has already had 'crashes' which just recovered very quick. Ah such innocence

Well I haven't used bitfinex I guess in part because of bad rep. I used bitcoinica in the beginning which was hacked and I lost my entire stack at the time, would add a huge chunk to my  fortune if I had it now. Since then I only store small amounts on exchange at any one time as I hope everyone else is doing. Then I used cryptsy (hacked), mintpal (hacked), polo (which I quite liked even despite its Monero fixation but started not to trust), I started using Kraken after it added Dash (but it is unusable because its sever is a ZX81). At the moment my preferred option is Bittrex which I joined primarily because it was the only one listing byteball. The search for a decent exchange continues...

 

Kraken is a bunch of shit right now. 50% of the time pages have to be reloaded and then it sends you back to the beginning! Argh.

For me its good to see Roach posting here. HIs opinion is one of few I enjoy, especially compared to the kind of drivel from the dancing queen.

This is a possibility I don't like and haven't discounted. We all know 'Satoshi' mined a shit load in the beginning. We also don't know who Satoshi is. Things that make you go hmmm.

For Roach I wonder why he doesn't profit from bitcoin anyway despite his insight? Should only the CIA profit? Or the CiA and free thinking liberty minded individuals too?

Good luck on your quest. If more than 21 million people want only 1 bitcoin each then you know what direction the price has to go. I also like to trade and increase my stack.

I think the point was though, why use that particular exchange rather one thats less shady?

Bcash? Is that the best you trolls can come up with? Back to troll school for you guys I'm afraid.

Hopefully someone else will have recorded it.I just caught the end in which he was answering questions about the smart contracts

Is there a light wallet for bitcoin gold? I don't want to use a mobile wallet, I want it on desktop. But not with full blockchain.

There is an interesting idea that whales will become miners and mine their own fees back. In which case whales/miners get free transactions. Unlike those users who aren't miners

On the tax question I am willing to pay up. Although begrudgingly as I do not condone my tax funding military or war efforts, in the middle east or anywhere else. My problem is with the bank. In cashing out some crypto I am encountering 'problems'

I believe in signs too

Always listen to the signs

First off thanks for replying to my questions. I hope you don't think I'm having a dig at byteball, there are lots of things I really like about it, which is why I have invested in it. The fact that I have a few doubts that I wish to talk about, shouldn't detract from the numerous good points about byteball.  

Perhaps a monthly airdrop wasn't promised, however I did get that impression from the website. Anyway I think my point still stands, just as the number of bytes is limited, so it is with bitcoin too, limited to 21 million bitcoin. Whereas in bitcoin coins are minted (which you could think of as air-dropped in small quantities to miners over a long timescale), it is predetermined by the software. However in byteball the coins were all pre-mined and you now depend on the whim of Tony how they enter circulation. The original plan has changed and might change again. What is to stop Tony deciding he wants to keep 20% instead of 2%? There might be good reasons for that, to fund development or some other reason. The point is about the uncertainty of it, not what is the right or wrong strategy. I don't think anyone would disagree attracting new users is a good aim.  If slowing down the supply and using the 'treasury' of remaining bytes held by the developer to fund development is the aim, maybe the plan should be laid out and stuck to?

The issue of how development will be funded is a big problem for many projects and byteball too. I am a big fan of Dash and like the approach it has taken of a treasury and proposals with voting to decide how it is spent. With Dash it is clearly and unambiguously handled by the software. But anyway I realise this is a very different project than Dash. Byteball has this uncertainty holding it back though, I think.  




I think a large part of my fears on this are due to me not understanding witnesses in enough detail. The problems of POW you mention are real, it is true but I would class as separate to my concerns about witnesses.

I looked at the link you sent and it is very interesting but doesn't mention fees as pertaining to witnesses, only that they serialise the transactions. I still worry that witnesses might potentially one day be rewarded too much. More research needed by me.

But also the number of witnesses, 12, is a very small number. For 7 to collude is not far fetched at all. I take your point about POW centralisation of mining. But that is deflecting attention to the problem in this network by pointing at another network.

Perhaps by some more debate on these points I can understand better. I would like to know more about the witnesses if there is some good info I can digest, I'd appreciate. Thanks again.

I am a byteball investor and while I think the tech is very interesting I also have a few doubts.

Firstly in the distribution I see a danger that faith in this project could start to evaporate. By tinkering endlessly with the distribution this causes uncertainty for investors. Investors don't like uncertainty. Compared to say bitcoin in which new coins enter circulation at a predetermined rate. Here it just depends on the whim and fancy of the dev when he decides to do an air-drop. No offence Tony. But the initial promise was to distribute every full moon until 98% are in circulation. This has obviously not been kept which makes one wonder what else can be trusted.

My other reservation is my more serious concern which is in terms of the witnesses. As I understand it witnesses of which there are only 12 in all, are owned by Tony and will collect majority of the fees for the whole network. Obviously Tony will not be trusted to run all the witnesses for ever. How does one become a witness? As a thought experiment imagine if byteball becomes a huge success displacing bitcoin and becoming a real global payments system.  Who will be the witnesses gathering all that phenomenal amount of fees? Will there still be only 12? Will users be happy that all their fees are centralised to so few witnesses?

Perhaps someone can put to rest some of my doubts. Thanks

Hahaha Icey has a Dash Price discussion thread.  Icey you are obsessed. I wondered where you got to? Classic

I used to think bigrcanada1 was just teasing you saying he knows you are really a bull. But this is it confirmed.