Ever wonder why BTCE price is always lower than everywhere else?

[r0ach]

He had enough from these NXT scammers. It's really hurt crypto what the NXT scammers do by rolling out one ICO after another: NXT, Supernet, JINN, IOTA, WAVES (even the LISK scam was "advised" by the NXT scammers). They are cancer in crypto.

^Because this.  BTCE is where the Eastern Euros take their scamcoin profits denominated in BTC and dump them for fiat.  They're scamming people for so much money with these worthless IPO scams that have no future that it overwhelms the liquidity of the exchange.  Look at waves, a completely useless derivative of NXT and you gave them 29,000 BTC LOL.  Newsflash, Waves will be no more useful than NXT was.  They've found scamming so profitable that they're even launching multiple IPO scams at the same time now:  Waves, Lisk, & IOTA all at once to compete with the Eth IPO scam that already existed.  Look at the names affiliated with all four of those coins, all shady as fuck Russians.  They truly are a cancer on crypto.

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[BuWICK]

Look at the names affiliated with all four of those coins, all shady as fuck Russians.  They truly are a cancer on crypto.

This comment crosses the line I think, and may earn you a well deserved ban. Racism is not cool

[r0ach]

This comment crosses the line

Scamming crosses the line.  I don't give a shit about your political correctness (probably another Come from Beyond sockpuppet account).  Even the Bytecoin scammers were Russians.  How many fucking examples do we need?  You can go jump off a cliff with your political correctness.  As if "Russia" is even a race in the first place.  Talking bad about America is ok, yet talking bad about Russia is racist?  LOL.  Nobody is falling for this SJW propaganda.

[glerant]

This comment crosses the line I think, and may earn you a well deserved ban. Racism is not cool

Well, I don't think it is racist. It is however prejudice based on stereotyping bigotry. There are lots of cool, hardworking Russians involved in crypto and, as for scammers, no nation has a monopoly on that! 

[BuWICK]

The op suggests that making money = scamming, just like an idiot with only an 8th of a braincell would

[r0ach]

The op suggests that making money = scamming, just like an idiot with only an 8th of a braincell would

Lying to people and releasing centralized coins while claiming they're a decentralized currency and trying to con people into giving you money for them isn't "making money", it's literally scamming.  Their strategy operates on the assumption most people won't be able to figure out what constitutes a decentralized currency in the first place.  Here's an example for why proof of stake is conceptually useless below.  IOTA unprofitable PoW fails for somewhat similar reasons:

Why proof of stake has no value:

Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary.  So why are two confirmations more useful in Bitcoin (PoW) than one?  Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there is no upper limit to confirmations.

Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails.  The act of introducing interest compounds this problem even more.  This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.

On top of being worthless, proof of stake is also a permissioned ledger.  The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.

[bitdumper]

what is the need of so many many altcoins. All altcoins are scams. I never found anything missing from bitcoin in day to day life. What those smart contracts will do to non-geeky common people people. Instead of making altcoins our focus should be on improving bitcoin so many of the non-geeky people use them.

[Zitdadast]

what is the need of so many many altcoins. All altcoins are scams. I never found anything missing from bitcoin in day to day life. What those smart contracts will do to non-geeky common people people. Instead of making altcoins our focus should be on improving bitcoin so many of the non-geeky people use them.

For the time being, the bitcoin is not used in the smart contracts or the DAO. But I heard some companies are building the platform for bitcoin.

[freshman777]

probably another Come from Beyond sockpuppet account

Does he haunt you in your dreams yet?

Well, r0ach was right in that Bitcoin, after a big fake-out drop, is rallying smartly: close to $520 as I write. And there definitely is a short-term drop in many alts that corresponds well to BTC's recent pump.

Prolonged and pronounced success is not possible while the network capacity remains inadequate of needs and due to loss of confidence in Bitcoin with mining amassed in one country. The spread between Bitcoin price on chinese and western exchanges suggests this is probably a set up by the chinese who also read charts and analytics and made this awaited rally a self-fulfilling prophecy to fill their pockets. Technically Bitcoin is a colossus with legs of clay.

[Come-from-Beyond]

...

[freshman777]

It's extremely suspicious CfB posted instantly after me, a sockpuppet?

[Come-from-Beyond]

It's extremely suspicious CfB posted instantly after me, a sockpuppet?

Maybe had both posts ready in 2 tabs and then hit POST quickly?  

[billotronic]

no, thats how btce always been... waaaay before the shitcoin explosion of 2014... unless you are talking ltc, in which case they always had the volume and best price on ltc, but thats another tin hat altogether.

[r0ach]

no, thats how btce always been... waaaay before the shitcoin explosion of 2014... unless you are talking ltc, in which case they always had the volume and best price on ltc, but thats another tin hat altogether.

BTCE has usually had very tiny walls until very recently (like 90 days before halving) you'd see huge 700 BTC ask walls put up right on the bid/ask convergence, which you usually just don't see there.  It coincides with the windfall profits from all the Russian IPO scams and them fleeing back to the motherland with the profits.

[Come-from-Beyond]

BTCE has usually had very tiny walls until very recently (like 90 days before halving) you'd see huge 700 BTC ask walls put up right on the bid/ask convergence, which you usually just don't see there.  It coincides with the windfall profits from all the Russian IPO scams and them fleeing back to the motherland with the profits.

[r0ach]

[onlinedragon]

Read enough reasons to stay far away from BTCE. After the terrible experience with Cryptsy I am anyway more aware what possible could happen. Since then I keep mine balances very low so the damage is never that big, sadly enough they are not all that honest with there customers.

[Come-from-Beyond]

[jeffthebaker]

Who the hell cares? ICO scamcoin overload is an easy profit for everyone with half a brain. You don't even need to invest in the shitcoin of the month, they generate so much trading volume that trickles down to other coins. I've personally quadrupled my yobit BTC deposit margin trading a coin that was dead until Lisk launched.

[r0ach]

Who the hell cares? ICO scamcoin overload is an easy profit for everyone with half a brain.

Gotta love these comments.  Why not just rob a bank?  It's more profitable.  Or hide in the bushes and jump out at people.