Weren't we suppose to get some kind of an announcement from Finex by Monday? oh and on a separate note they're about to cross 1750
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What is happening with Btc-e ? Used to be behind every exchange Any idea ?
Yes. They used to lag behind because it was extremely dificult to make deposits there. What has changed? Well, now there is a LOT of money coming from other coins (eth, dash, ltc, ...) so trader there are faster reducing the spread. If it is coming from other coins then the price of other coins should have been dumped but that isn't the case here True, but BTC-e's order book is so thin it wouldn't take much to move it. They only have like BTC500 till $1800 But if i had some shitcoins i wanted trade for BTC i'd probably go with the best rate too
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Who here is old enough to remember BTC dominance?
Drop in BTC dominance, should wake up the miners and cause them to loose a lot of sleep, but seeing how short sighted they are with their BU push they're probably celebrating the recent rise and will continue with their power grab.
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The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
And what you call the shitcoin rise then? Natural? Sustainable? In terms of finex their will be an announcement coming on the weekend or monday at the latest. 1400 would still be a very good level for a bottom. Agreed. It's naive to think that largest exchange stop processing withdrawals in USD doesn't have any effect on the market.They retired their BFX token, introduced a ton of liquidity in people's account and then made BTC the only way to get out. Otherwise why would there be a $100 spread? Shitcoin rise is dumb people "traders" calling tops and thinking of alt coins as diversification just parking money there instead of USD waiting for a "correction" to jump back in BTC. Or those are my 2c Edit: But the good thing is, the gap between Finex is starting to close before announcement. Maybe someone front-running an announcement
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Fascinating. From OP - This transaction: is 1 MB in size, has 273.99971476 BTC in fees, contains 99,940 zero-value anyone-can-spend outputs, can only be included on the blockchain if the maximum block size limit is raised, creates a direct incentive for miners to upgrade bitcoin.
(emphasis in the original) Life just gets more and more interesting. On another note, I thought nChain was just Wright's company. I didn't realize it was also the name of a competing blockchain. For all that matters miners can include BTC20k BTC and it still won't make a difference. We all get it miners stand to win big on bigger blocks don't have to shove it in our faces
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Thx Lauda, unfortunately the pic doesn't work anymore, i think the price is to high with all those extra zero's I like this one more over the previous version
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Full retard mode engaged? It'd be so much better if not for damn finex
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Wish this would happen with finex trading for real dollars
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Bitcoin is just like a good tv show, we're now at episode 234.
Jihan Ver VS the users.
In this episode Jihan Ver installs a secret kill switch "feature" in majority of bitcoin mining hardware, and spins it alike a feature on your smart phone that enables you to remotely wipe your data. You know so when someone steals your antminer they won't have access to your nudes and private data that you were storing on it non of this makes any sense to a person with IQ higher than a rock, but will users buy it? Stay tuned to find out after these commercials...
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We designed a feature, that would allow us (or cloudflare or our nameserver registrar or anyone hacking them or any court/law enforcement with jurisdiction over any one of them) to effectively shut down BTC (bring it to a halt) with one line of code. And then unintentionally merged it into production code, siwwy us, its only a bug and the decentralized crypto currency community should not be upset. when is the damn movie coming out? Eh? Care to explain? Gee do i have to spell it out? https://blog.bitmain.com/en/antminer-firmware-update-april-2017/In BTC ina miners we trust!!!
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We designed a feature, that would allow us (or cloudflare or our nameserver registrar or anyone hacking them or any court/law enforcement with jurisdiction over any one of them) to effectively shut down BTC (bring it to a halt) with one line of code. And then unintentionally merged it into production code, siwwy us, its only a bug and the decentralized crypto currency community should not be upset. when is the damn movie coming out?
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Blockstream are aiming to be the Federal Reserve Planners of Bitcoin and you guys are bitching about BU, which is all about returning to Satoshi's original scaling roadmap of on-chain scaling.
Jesus, is there any hope left for Bitcoin at this point?
The community is grade-A retarded.
Nope no hope, community is retarded, but even retards have enough math skilz to realize that on chain solutions won't work. i.e. you can have 200MB blocks and not even cover the transaction volume that Visa handles, and still have to wait 10min to get to a next block but at least you finally got rid of that decentralization thing mathz are hard
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well, didnt see this coming
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This is not over, not until miners back off. Only one way to get miners to stand down, and this is it. Let's see how long they'll be able to keep their trolls going before public perception will turn against them, sheeple need to realize that investors don't want anything to do with their BTCINA coin.
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Ver wont take the bet but if he does I'll throw all my btu at his btc any day of the week. But like i said. ver wont because he knows he would just be giving away all his money.
x2 No one really thought that selling BTU to miners is the easy part? BTC ina in miner conglomerate we trust™
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BU Logic Step1: Conglomerate of miners corner the hash rate and fork to allow themselves to decide the size of the block. Step2: Step3: People invest int BTC INA COIN Secured by code your friendly conglomerate of Chinese miners and PROFIT $$$Sure Wall St, Come over here, invest billions and approve your ETFs. You can trust us™ Is BU crowed seriously so we-tar-ded that no one considered that convincing the 50% + 1 of miners of something that is directly related to their short term profits might be the easy part? Miners need to be forced to realize that they might be left with their tokens to themselves. There will be blood, Loaded, once again, i applaud you! Core logic free the market free the world. right? Core's logic is security (decentralization falls under that) is above all. And people could stand behind that idea, you start f'ing with that and watch people vote with their feet, it really is that simple. The first stage will be the blame game, bring in the blood on the streets, decline in hash rate, lets see them start shutting down their plants, that's the only way for them to realize that they can't force investors as easily as trolling reditors!
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BU Logic Step1: Conglomerate of miners corner the hash rate and fork to allow themselves to decide the size of the block. Step2: Step3: People invest int BTC INA COIN Secured by code your friendly conglomerate of Chinese miners PROFIT $$$Sure Wall St, Come over here, invest billions and approve your ETFs. You can trust us™ Is BU crowed seriously so we-tar-ded that no one considered that convincing the 50% + 1 of miners of something that is directly related to their short term profits might be the easy part? Miners need to be forced to realize that they might be left with their tokens to themselves. There will be blood, Loaded, once again, i applaud you!
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This question might sound stupid but I have been an investor never a miner .
If the fork would damage the price that much why would the miners go massively to it ? Wouldn't it affect their revenue? Or does people like Vinny Ligham overreact to the effects of an eventual HF?
tl;dr Power grab, and miners are hoping for short term losses over long term control. People invested substantial amount of money in BTC, well, because it's a honey badger, and these people consider that centralization to be the Achilles heel of BTC. Right now the blocksize limit is governed by the hardlimit in the code. Now miners (where majority of them are in China) want to remove that hardcoded limit and instead saying that they should be the ones to set it as they please (and it so happens that miners profits are directly related to the block size as well as large mining farms also stand to get an advantage in mining, the bigger the blocks get. Where core gains no direct benefit from 1mb block). Now anyone with any basic coding experience can see that this would introduce a huge attach vector, but the miners are the ones that control the hashrate and are starting to get some traction. But what not many people are talking about, and admittedly is very hard to gauge (and what i believe miners are underestimating) is investors perception. Many people are willing to invest millions of $$ because of the code, but once the code is replaced with "you can trust us, because we wouldn't do anything bad" people are not so willing to invest in ChinaCoin.
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