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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 12, 2019, 07:20:43 PM Last edit: November 12, 2019, 07:34:11 PM by jbreher |
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BAKKT is a necessity for the criminal syndicate of big money to control the price of bitcoin... They think they can use rehypothecated bitcoin collateral like they do with physical gold. They can't!
Well, they can't. Unless society as a whole lets them. Which is why education is so important. Well, not BAKKT specifically, as it is physically-settled. At least as long as the customers don't simply roll their take. But most other 'tools' at of the pinstriped bandits do serve this 'need'. Do you think the average man-on-the-street has internalized 'not your keys, not your bitcoin'? Hell, our little insular bitcoin community doesn't even practice that, at least not enough to deter partial reserve bitcoin. Tether, anyone?
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 12, 2019, 07:31:05 PM |
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To be completely transparent, I'm liquidating however many BTC will be needed for me to buy a nicely specced-out Mac Pro when the new ones are released (any day now)
I'll be waiting until my SW runs on Catalina.
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hv_
Legendary
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Activity: 2506
Merit: 1055
Clean Code and Scale
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November 12, 2019, 08:02:27 PM |
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It's almost as if people don't realize that Bitcoin has been capable of private messaging since genesis. So many things haven t been understood and / or crippled to death or anonymity. Sigh Now invent new wheels again?
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 12, 2019, 08:04:06 PM |
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I mean how can BSV be worth $2.5 billion with around 25 users globally and zero hash rate security.
How? Why? Because your assumptions are ludicrously off the mark.
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 12, 2019, 08:14:50 PM Last edit: November 12, 2019, 08:54:04 PM by jbreher |
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It's not too hard to figure out. BAKKT customers need not be Bitcoiners. Look at the last day. You could sell a future contract for 9500 or so, by the chart. Well, you could buy BTC at that day's price (as low as 8775), and sell a contract, your assets and liabilities balance, you pocket money. A fair amount. With the only downside being the counterparty risk of the parent company of the mudderfukkin' New York Stock Exchange. It's a pretty simple calculus. The only miracle is that the volume isn't higher.
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 12, 2019, 08:16:59 PM |
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I remember how people were making fun of ltc as 5$ coin.
Yeah, I remember when it was a 3 bucks forever and dropped to like a buck and a half and chinese were sucking it all up and I was like "theres to many of those shitcoins to grab any" So I didn't grab any. Man was i brilliant at that time. Give it time to play out.
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 12, 2019, 08:26:44 PM |
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Life's too short to watch this, just want to know one thing. Who on earth is Mr X?
Speed Racer's mentor. On his day off, of course.
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fillippone
Legendary
Offline
Activity: 2156
Merit: 15493
Fully fledged Merit Cycler - Golden Feather 22-23
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November 12, 2019, 08:33:09 PM |
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It's not too hard to figure out. BAKKT customers need not be Bitcoiners. Look at the last day. You could sell a future contract for 9500 or so, by the chart. Well, you could buy BTC at that day's price (as low as 8775), and sell a contract, your assets and liabilities balance, you pocket money. A fair amount. With the only downside being the counterparty risk of the parent company mudderfukkin' New York Stock Exchange.
It's a pretty simple calculus. The only miracle is that the volume isn't higher.
Nothing magical, It’s called cash and carry. It’s explained here: https://bitcointalk.org/index.php?topic=5188060.msg53009523#msg53009523You can lock in more if you sell back months future.
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 12, 2019, 08:56:11 PM |
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The creator of C++ has expressed disappointment in the language’s use in BTC mining
Hmm. That's a turnaround. Bjarne was a participant in the early meetings of ISO TC 307.
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P_Shep
Legendary
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Activity: 1795
Merit: 1198
This is not OK.
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November 12, 2019, 08:56:33 PM |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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November 12, 2019, 09:22:18 PM Last edit: November 12, 2019, 09:46:47 PM by Last of the V8s |
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https://www.eff.org/press/releases/federal-court-rules-suspicionless-searches-travelers-phones-and-laptopsFederal Court Rules Suspicionless Searches of Travelers’ Phones and Laptops Unconstitutional Government Must Have Reasonable Suspicion of Digital Contraband Before Searching People’s Electronic Devices at the U.S. Border
huh edit: 'you were in the area' 'you are travelling' 'you have a "device"' therefore suspicion, but still? edit As faulty as "democracy" might be, this is one of the examples of when it works.
More like a nod to 'rule of law' for a change.
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makrospex
Sr. Member
Offline
Activity: 728
Merit: 317
nothing to see here
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November 12, 2019, 09:30:10 PM |
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As faulty as "democracy" might be, this is one of the examples of when it works. Observing $8.773, while trying to backread dozens of WO pages.
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fillippone
Legendary
Offline
Activity: 2156
Merit: 15493
Fully fledged Merit Cycler - Golden Feather 22-23
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November 12, 2019, 09:32:26 PM |
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Hueristic
Legendary
Offline
Activity: 3808
Merit: 4899
Doomed to see the future and unable to prevent it
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November 12, 2019, 09:32:49 PM |
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I remember how people were making fun of ltc as 5$ coin.
Yeah, I remember when it was a 3 bucks forever and dropped to like a buck and a half and chinese were sucking it all up and I was like "theres to many of those shitcoins to grab any" So I didn't grab any. Man was i brilliant at that time. Give it time to play out. It already did, I wouldn't touch that shit with your BSV now. well i would toss BSV for it actually.
Current Fiat system uses more energy than (insert continent here) and mostly serves criminals, I don't see the point other than he has his values backwards.
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El duderino_
Legendary
Offline
Activity: 2506
Merit: 12091
BTC + Crossfit, living life.
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November 12, 2019, 09:57:45 PM |
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Damn the day was busy, but it got some poker in it .... so we happy
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makrospex
Sr. Member
Offline
Activity: 728
Merit: 317
nothing to see here
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November 12, 2019, 10:06:19 PM |
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Thanks, now i know how to tell the time in italy, too
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Hueristic
Legendary
Offline
Activity: 3808
Merit: 4899
Doomed to see the future and unable to prevent it
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November 12, 2019, 10:51:51 PM |
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Damn the day was busy, but it got some poker in it .... so we happy Cool beans, I'll be heading to the Casino's in a few for the rest of the week. I did the art thing Also out of merit, remind me if I haven’t merited at some point tomo.Congrats LFC you earned a drink for this victory Fuck, even at 3-0 City wouldn’t lay down & die Very, very happy Reminder. https://bitcointalk.org/index.php?topic=5193860.msg53042377#msg53042377
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