Speculatoross
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this is not a bounty avatar
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May 27, 2018, 12:26:02 PM |
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Coinbase just bought a decentralized exchange......
Coinbase....... decentralized exchange.......
I think i need a recap on what "decentralized" means......
99% of decentralized exchanges allow you to trade crypto to crypto. There is one decentralized exchange that uses fiat but that is more like localbitcoins than a real exchange. Thank you but I know what a dex exchange is:) It was mainly a joke (probably a bad one lol), meaning that when I read “coinbase” and “decentralized” on the same sentence I feel like I don’t know anymore what decentralization means 
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Kylapoiss
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I don't know where I'm going, but I'm going.
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May 27, 2018, 12:29:52 PM |
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This whole telegram thing is pretty stupid, I have no idea why people think it is useful for an ICO. I remember using something like this in MUDs back in 1993, it was the gossip channel, and it was annoying then too. I just keep waiting for someone to chat: "level!"...."grats!"
What MUD did you play? Used to play them aswell, MUME, Aardwolf and main one was Stonia, a small but awesome one, liked it the most. This bitcoin price is getting boring, when we'll get out of the low-mid 7xxx area? Some more action please 
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Elwar
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Viva Ut Vivas
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May 27, 2018, 12:35:07 PM |
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Coinbase just bought a decentralized exchange......
Coinbase....... decentralized exchange.......
I think i need a recap on what "decentralized" means......
99% of decentralized exchanges allow you to trade crypto to crypto. There is one decentralized exchange that uses fiat but that is more like localbitcoins than a real exchange. Thank you but I know what a dex exchange is:) It was mainly a joke (probably a bad one lol), meaning that when I read “coinbase” and “decentralized” on the same sentence I feel like I don’t know anymore what decentralization means  If I were coinbase I would spend a shitload on developing a fiat dex that is running in the background un-seen. Then add more and more "nodes", bringing in partners to run the nodes. Then when the government says, "oh, in addition to all of the other information we're making you collect we now need penis size", they can just say...Coinbase, the company, is shutting down. This affects none of the users. Continue using the DEX. Good luck.
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bitserve
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Self made HODLER ✓
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May 27, 2018, 01:56:43 PM |
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Coinbase just bought a decentralized exchange......
Coinbase....... decentralized exchange.......
I think i need a recap on what "decentralized" means......
99% of decentralized exchanges allow you to trade crypto to crypto. There is one decentralized exchange that uses fiat but that is more like localbitcoins than a real exchange. Thank you but I know what a dex exchange is:) It was mainly a joke (probably a bad one lol), meaning that when I read “coinbase” and “decentralized” on the same sentence I feel like I don’t know anymore what decentralization means  If I were coinbase I would spend a shitload on developing a fiat dex that is running in the background un-seen. Then add more and more "nodes", bringing in partners to run the nodes. Then when the government says, "oh, in addition to all of the other information we're making you collect we now need penis size", they can just say...Coinbase, the company, is shutting down. This affects none of the users. Continue using the DEX. Good luck. But... Is that even possible? I mean, a FIAT decentralised exchange? The only thing I can think similar would be localbitcoins... which is not really decentralized even if the deals are somewhat p2p. Decentralized crypto-only exchanges? Yeah, through smart contracts, atomic swaps, etc.... but FIAT? Maybe through a (completely exploitable) trust rating system... other than that... how?
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Anon136
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May 27, 2018, 02:05:44 PM Last edit: May 27, 2018, 02:27:06 PM by Anon136 |
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That was fun. Thanks for the share. Can't wait to meet up with you other "earlies" in the citadel.
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Torque
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May 27, 2018, 02:44:28 PM |
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But... Is that even possible? I mean, a FIAT decentralised exchange? The only thing I can think similar would be localbitcoins... which is not really decentralized even if the deals are somewhat p2p.
Decentralized crypto-only exchanges? Yeah, through smart contracts, atomic swaps, etc.... but FIAT? Maybe through a (completely exploitable) trust rating system... other than that... how?
https://bisq.network
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Torque
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May 27, 2018, 02:46:57 PM |
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That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts: https://whattomine.com/asichttps://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-charthttps://diff.cryptothis.com/I think I read somewhere, don't the major miners employ short contracts to hedge the price?
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d_eddie
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May 27, 2018, 02:52:13 PM |
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I think I read somewhere, don't the major miners employ short contracts to hedge the price?
I bet they do. In their place, I would.
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gembitz
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May 27, 2018, 02:57:07 PM |
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But... Is that even possible? I mean, a FIAT decentralised exchange? The only thing I can think similar would be localbitcoins... which is not really decentralized even if the deals are somewhat p2p.
Decentralized crypto-only exchanges? Yeah, through smart contracts, atomic swaps, etc.... but FIAT? Maybe through a (completely exploitable) trust rating system... other than that... how?
https://bisq.networkthis^ BTI( BTCInstant) is going to be listed here soon ~ i'll keep you posted  weeeeee
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Elwar
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Viva Ut Vivas
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May 27, 2018, 02:59:22 PM |
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But... Is that even possible? I mean, a FIAT decentralised exchange? The only thing I can think similar would be localbitcoins... which is not really decentralized even if the deals are somewhat p2p.
Decentralized crypto-only exchanges? Yeah, through smart contracts, atomic swaps, etc.... but FIAT? Maybe through a (completely exploitable) trust rating system... other than that... how?
https://bisq.networkbisq is p2p akin to localbitcoins I'm working on one that is sort of like a decentralized tether...turn the fiat to crypto then set it free to be traded like other crypto-crypto.
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bones261
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May 27, 2018, 03:36:20 PM Last edit: May 27, 2018, 03:59:22 PM by bones261 |
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I agree that there are many people like Rojer Ver who delibarately sold tens and hundreds of thousands of Bitcoins to pump their beecash etc. shitcoins. But there are other whales as well - mining whales mostly with short fat fingers which love to hit sell button on bitfinex. Each day 1800 new bitcoins are mined. For a week they gather 12600, for 1 month 50400, etc. Not so long time ago (5-6 months) they had enough profit to do so - like 20$ per asic s9 per day. But now, thanks to the many new s9's (and equivalent) plugged in, their profit is only 2.8$ per day with 0.1$ elecricity price. In the last 3 months the mining difficulty rose by 43% (meaning 43% less profit with the same price of Bitcoin). In 3 months the expected difficulty is almost the same 35-40%, so their revenue will drop from 6 to 3-4$ meaning the profit will be around 0$. I am curious if they will be happy to hit the sell button then. I guess not. That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts: https://whattomine.com/asichttps://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-charthttps://diff.cryptothis.com/Why would Bitmain be forced to pump the price up? It has been quite some time since the S9 came out. I am quite certain that they have already developed the next generation of ASIC chip and are mining with those for themselves. If not, they are probably pretty far along the process. Also, BCH is basically Jihan Wu's creation. If Bitmain isn't far along creating a better ASIC chip, or the new chip isn't enough an improvement, I suspect Bitmain is more likely to prop up the price of BCH rather than BTC. We will see. The reason Bitmain is now so dominate in the mining sector is because they were one of the few that managed to survive and thrive after the 2014/2015 bear market.
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ðºÞæ
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May 27, 2018, 03:47:18 PM |
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That was fun. Thanks for the share. Can't wait to meet up with you other "earlies" in the citadel. Why did he post with that name?
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ivomm
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All good things to those who wait
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May 27, 2018, 04:08:32 PM Last edit: May 27, 2018, 04:23:58 PM by ivomm |
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I agree that there are many people like Rojer Ver who delibarately sold tens and hundreds of thousands of Bitcoins to pump their beecash etc. shitcoins. But there are other whales as well - mining whales mostly with short fat fingers which love to hit sell button on bitfinex. Each day 1800 new bitcoins are mined. For a week they gather 12600, for 1 month 50400, etc. Not so long time ago (5-6 months) they had enough profit to do so - like 20$ per asic s9 per day. But now, thanks to the many new s9's (and equivalent) plugged in, their profit is only 2.8$ per day with 0.1$ elecricity price. In the last 3 months the mining difficulty rose by 43% (meaning 43% less profit with the same price of Bitcoin). In 3 months the expected difficulty is almost the same 35-40%, so their revenue will drop from 6 to 3-4$ meaning the profit will be around 0$. I am curious if they will be happy to hit the sell button then. I guess not. That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts: https://whattomine.com/asichttps://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-charthttps://diff.cryptothis.com/Why would Bitmain be forced to pump the price up? It has been quite sometime since the S9 came out. I am quite certain that they have already developed the next generation of ASIC chip and are mining with those for themselves. If not, they are probably pretty far along the process. Also, BCH is basically Jihan Wu's creation. If Bitmain isn't far along creating a better ASIC chip, or the new chip isn't enough an improvement, I suspect Bitmain is more likely to prop up the price of BCH rather than BTC. We will see. The reason Bitmain is now so dominate in the mining sector is because they were one of the few that managed to survive and thrive after the 2014/2015 bear market. The development of new generation asic takes months and millions of investment. Let's say that Jihan will be ready to produce the next s11 with the 10nm Samsung chip in 2019. If the price of Bitcoin is the same, all s9's will be useless in 6 months tops from now. How are all supposed to start buying the new devices, provided that they didn't return their money for s9s? (43% increase for the last 3 monts speaks of the number of new devices bought). Even with s11, in 2019 their profit will be near 0, so to speak DOA. Who will buy a 3000$ device with a near 0 profit and old devices with no ROI? Regarding the BeeCasH - the hashrate is 10x less. Any increase in the price of BeeCasH attracts miners, raises the difficulty (remember it is daily adjusted) and the profit at the end of the day is the same as with mining bitcoin. We had a fresh example - BeeCasH price was 5x pumped but the profit was only equal to the profit of bitcoin - 10-50% increase during the pump. Only if the price of BeeCasH is 10x compared to the present, the profit may become bigger permanently. This is ridiculous btw. So most of the miners will prefer to hold and even buy bitcoins in order to reach better price. With or without Jihan - they need at least 4x times increase i.e. around 30K price, to keep the hopes of ROI and further profit.
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El duderino_
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Observing No-Coiners.
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May 27, 2018, 04:20:55 PM |
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Darkness rises...   lol
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bones261
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May 27, 2018, 04:28:42 PM |
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I agree that there are many people like Rojer Ver who delibarately sold tens and hundreds of thousands of Bitcoins to pump their beecash etc. shitcoins. But there are other whales as well - mining whales mostly with short fat fingers which love to hit sell button on bitfinex. Each day 1800 new bitcoins are mined. For a week they gather 12600, for 1 month 50400, etc. Not so long time ago (5-6 months) they had enough profit to do so - like 20$ per asic s9 per day. But now, thanks to the many new s9's (and equivalent) plugged in, their profit is only 2.8$ per day with 0.1$ elecricity price. In the last 3 months the mining difficulty rose by 43% (meaning 43% less profit with the same price of Bitcoin). In 3 months the expected difficulty is almost the same 35-40%, so their revenue will drop from 6 to 3-4$ meaning the profit will be around 0$. I am curious if they will be happy to hit the sell button then. I guess not. That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts: https://whattomine.com/asichttps://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-charthttps://diff.cryptothis.com/Why would Bitmain be forced to pump the price up? It has been quite sometime since the S9 came out. I am quite certain that they have already developed the next generation of ASIC chip and are mining with those for themselves. If not, they are probably pretty far along the process. Also, BCH is basically Jihan Wu's creation. If Bitmain isn't far along creating a better ASIC chip, or the new chip isn't enough an improvement, I suspect Bitmain is more likely to prop up the price of BCH rather than BTC. We will see. The reason Bitmain is now so dominate in the mining sector is because they were one of the few that managed to survive and thrive after the 2014/2015 bear market. The development of new generation asic takes months and millions of investment. Let's say that Jihan will be ready to produce the next s11 with the 10nm Samsung chip in 2019. If the price of Bitcoin is the same, all s9's will be useless in 6 months tops from now. How are all supposed to start buying the new devices, provided that they didn't return their money for s9s? (43% increase for the last 3 monts speaks of the number of new devices bought). Even with s11, in 2019 their profit will be near 0, so to speak DOA. Who will buy a 3000$ device with a near 0 profit and old devices with no ROI? Regarding the BCH - the hashrate is 10x less. Any increase in the price of BCH attracts miners, raises the difficulty (remember it is daily adjusted) and the profit is the same as with mining bitcoin. We had a fresh example - BCH price was 5x pumped but the profit was only equal to the profit of bitcoin - 10-50% during the pump. Only if the price of BCH is 10x compared to the present, the profit may become bigger permanently. This is ridiculous btw. So most of the miners will prefer to hold and even buy bitcoins in order to reach better price. With or without Jihan - they need at least 4x times increase i.e. around 30K price, to keep the hopes of ROI and further profit. Bitmain probably doesn't give a shit about the plight of the miners that they sell their product to. Bitmain has their own huge mining farms and I suspect that they put the latest and the greatest of their ASICS to good use well before releasing them to the public. When Bitmain finally releases a product to the public, they are basically only throwing the rest of us a bone. Probably to make them feel like they are the good guys.  You are probably correct that it doesn't make much sense to pump up BCH, since their current difficulty algo changes with every single block. I doubt that they have the resources necessary to actually have BCH overtake BTC. Ver, faketoshi and Wu sure have been giving it their best shot for almost 11 months now and have still are not even close to succeeding.
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El duderino_
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May 27, 2018, 05:01:58 PM |
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QUICK list 12288 is finisht GOOD LUCK WO's 16/04/2018 serveria.com  27/04/2018 BinaryReign  28/04/2018 Toxic2040  29/04/2018 BobLawblaw  30/04/2018 RayX12  05/05/2018 kaicrypzen  07/05/2018 InvoKing  08/05/2018 ChinkyEyes  13/05/2018 mfort312  15/05/2018 Paashaas  16/05/2018 player99  17/05/2018 bikerleszno  19/05/2018 Bitcoinaire  20/05/2018 willope  21/05/2018 rafanadal  22/05/2018 strawbs  24/05/2018 yonton  25/05/2018 JimboToronto  26/05/2018 Colonel Panic 29/05/2018 ivomm 30/05/2018 Lontonbit 31/05/2018 BTCMILLIONAIRE 01/06/2018 RoomBot 02/06/2018 rjclarke2000 03/06/2018 oblox 04/06/2018 wachtwoord 05/06/2018 Wekkel 08/06/2018 hisslyness 09/06/2018 LodisMcguire 11/06/2018 Raja_MBZ 12/06/2018 bitcoinPsycho 13/06/2018 erre 14/06/2018 vroom 15/06/2018 d_eddie 16/06/2018 coralreefer 18/06/2018 Robin,Hood 20/06/2018 rolling 22/06/2018 Biodom 23/06/2018 Dunkelheit667 25/06/2018 bones261 26/06/2018 Arriemoller 28/06/2018 klaaas 30/06/2018 DarkStar_ 01/07/2018 o_e_l_e_o 02/07/2018 jojo69 03/07/2018 Karatma1 04/07/2018 Elwar 13/07/2018 sirazimuth 14/07/2018 Ludwig Von 21/07/2018 Lauda 22/07/2018 LFC_Bitcoin 26/07/2018 Icygreen 02/08/2018 fragout 03/08/2018 supremnoob 06/08/2018 cAPSLOCK 08/08/2018 infofront 10/08/2018 HairyMaclairy 15/08/2018 Phil_S 16/08/2018 Rosewater Foundation 17/08/2018 B1tUnl0ck3r 19/08/2018 Imbatman 21/08/2018 BitcoinBunny 27/08/2018 soullyG 28/08/2018 RealMachasm 29/08/2018 STT 04/09/2018 flynn 08/09/2018 xhomerx10 09/09/2018 vapourminer 11/09/2018 Dakustaking76 20/09/2018 Digigami 22/09/2018 Agapios 26/09/2018 itod 30/09/2018 DeathAngel 12/10/2018 IntroVert 15/10/2018 explorer 18/10/2018 Searing 26/10/2018 kurious 09/11/2018 fabiorem 15/11/2018 bitserve 20/11/2018 Globb0 22/11/2018 Last of the V8s 01/12/2018 Alexander_Z 07/03/2019 CoinCube 15/04/2019 Spaceman_Spiff_Original 20/06/2019 bitebits 13/12/2019 nikauforest 10/04/2020 yefi 05/09/2020 samson 23/06/2021 fortune143
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kingcolex
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May 27, 2018, 06:21:53 PM |
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So it's starting to look pretty obvious whales are battling a spike to try and break 7400 and then down to under 7300.
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bones261
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May 27, 2018, 06:42:25 PM |
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I am thinking that these bearwhales are looking to push this price down to about the $68xx range until they are satisfied. Hope they don't have the ammo to push even lower than that.
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Searing
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Clueless!
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May 27, 2018, 07:12:31 PM |
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I am thinking that these bearwhales are looking to push this price down to about the $68xx range until they are satisfied. Hope they don't have the ammo to push even lower than that.
All evidence..seems to point that they do have such ammo....
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FractalUniverse
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May 27, 2018, 07:21:50 PM |
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Now everyone here seems to think its going to go down. depressing.. GOOD Time for a huge surprise short squeeze 
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