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Cconvert2G36
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August 24, 2015, 12:07:56 AM |
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What could possibly fill the heart shaped void in your chest if we disappeared lambie? Soldering up valve amps? Wrenching on classic cars? Trolling the stackers of zerohedge would be such a poor substitute.
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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Cconvert2G36
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August 24, 2015, 12:54:43 AM |
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As Voltaire (might have said  ), The great consolation in life is to say what one thinks. All to the better, if it's also humorous. Being short or long adds a whole 'nother dimension. For a dash of on-topic: $1.5 million or so protecting $200 on bitfinex, borrowed USD (likely with btc collateral) is at $26 mil, down from near $36 million before the flash crash margin wipeout. Borrowed btc is up about $1 mil from its lows in july. It looks ugly, but if you haven't learned yet, that's occasionally an inverse indicator. |
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ChartBuddy
Legendary
 Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 24, 2015, 01:02:27 AM |
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dreamspark
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August 24, 2015, 01:03:25 AM |
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time to crack 220 ?
220 is a very strong resistence, it not easy broke it $220 is gone, dead buried. Just a series of lower highs and lower lows, come back in a year or two. This shits dead for now. BFX is going to collapse. There's simply not enough money there to make their lenders whole. Gonna be very very ugly for those with coins or cash on that platform. Most people on there use BTC as collateral as well so when they get liquidated more btc needs to be sold to make usd lenders whole. With the state of the books at the moment it won't be able to absorb it. $160 and lower will be seen on BFX for sure. |
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xIronCrossx
Member
Offline
Activity: 112
Merit: 10
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August 24, 2015, 01:08:09 AM |
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I'm surprised the price has been so "high" all day, specifically at coinbase. The highs have been lower and the lows relatively the same, right above $225. But the highs are decreasing by $1-3 every day, so a mini dump/crash was inevitable. The high for today, so far anyways, is right around $233, while yesterday it was $235. Now the question is whether tomorrow is gonna be a huge dump (my guess), rally or just the same as this weekend. I do think the long term is looking good though, but everyone hates waiting  |
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JorgeStolfi
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August 24, 2015, 01:13:41 AM |
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Does anyone have the slightest clue who this coinwallet.eu joint is and whether they have any actual customers? It seems its sole purpose is to push people into the arms of XT.
A possible motivation has been discovered: Coinwallet.eu has a wallet whose distinguishing feature, according to them, is an effective fee estimator. Needless to say a fee estimator is useful only when there is a backlog of unconfirmed transactions. Without a backlog, every transaction should be confirmed in the next 1-2 blocks, whatever its fee. |
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JorgeStolfi
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August 24, 2015, 01:18:12 AM |
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Like Dostoevsky's Grand Inquisitor, I bear the burden of being reviled by all, so that the weak may bare the living.
Wait, where does that leave me? Am I useless then? |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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August 24, 2015, 01:21:22 AM |
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Democracy is the rule of the mob.
Bitcoin is a consensus system. Anyone trying to contaminate it with "democractic" process is proposing an attack at the heart of Bitcoin ethos.
Imagine we have a project that requires consensus. You've invested 1M$ and I've invested 1$. Now I would be able to blackmail you, not giving you my consensus until you give me most of your M$. And in the long run nobody will invest in such a project. So if you want a project to work, you'll have to use force against me, obstructing minority, i.e. to switch from consensus to democracy. At consensus minority blackmails majority. And those who care less win. At democracy majority oppresses minority. And brute force wins. The both systems are inherently bad. The good solution is the free market. +1 well said |
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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August 24, 2015, 01:21:49 AM |
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time to crack 220 ?
220 is a very strong resistence, it not easy broke it $220 is gone, dead buried. Just a series of lower highs and lower lows, come back in a year or two. This shits dead for now. BFX is going to collapse. There's simply not enough money there to make their lenders whole. Gonna be very very ugly for those with coins or cash on that platform. Most people on there use BTC as collateral as well so when they get liquidated more btc needs to be sold to make usd lenders whole. With the state of the books at the moment it won't be able to absorb it. $160 and lower will be seen on BFX for sure. did you hear that everyone ?? bitfinex is going to collapse.... |
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dreamspark
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August 24, 2015, 01:30:21 AM |
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time to crack 220 ?
220 is a very strong resistence, it not easy broke it $220 is gone, dead buried. Just a series of lower highs and lower lows, come back in a year or two. This shits dead for now. BFX is going to collapse. There's simply not enough money there to make their lenders whole. Gonna be very very ugly for those with coins or cash on that platform. Most people on there use BTC as collateral as well so when they get liquidated more btc needs to be sold to make usd lenders whole. With the state of the books at the moment it won't be able to absorb it. $160 and lower will be seen on BFX for sure. did you hear that everyone ?? bitfinex is going to collapse.... It's already started. You know they had to stop margin calls on that sell off to 160 as there wasn't enough liquidity on the books if they had let them carry on cascasing it would have gone to 0. They simply couldn't handle even half of the $25 million in longs they have open closing. When longs were this high before we were at over double the price and there was a huge amount more liquidity on there. |
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Fakhoury
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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August 24, 2015, 01:57:13 AM |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 24, 2015, 02:02:29 AM |
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Cconvert2G36
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August 24, 2015, 02:05:13 AM |
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The pegasus? Monero isn't going to pump itself. Amirite? |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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August 24, 2015, 02:24:06 AM |
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I wonder how much money and time it would take to add enough XT hashing power to trigger the switch assuming no more existing nodes defected. I'm guessing it could easily be done for less than $500M. The problem is that the cripplecoiners would only need to add one Terahash/second for every 3 Terahashes/sec new nodes to prevent it from happening.
I'm pretty sure 21.co's chips will be mining XT. Microtransactions will not be practical once the network approaches capacity. At capacity, they won't even be possible.
Cripplecoiners consider small transactions "spam", but microtransactions will prevent spam if, for example, email requires 0.1 milibit postage. or even 0.01 mBit. A lightning network adds a layer of complexity to a system that is already too complex for mainstream use. Trusted third parties may make it simple and easy, but that defeats the whole purpose of a peer to peer network.
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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August 24, 2015, 02:24:56 AM |
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Like Dostoevsky's Grand Inquisitor, I bear the burden of being reviled by all, so that the weak may bare the living.
Wait, where does that leave me? Am I useless then? I hope not professor, looks like there's not a lot of money lying around for useless eaters. http://www.bloomberg.com/news/articles/2015-08-21/brazil-has-yet-another-big-mess-on-its-hands-after-state-default"The state (Rio Grande do Sul), proportionally the most-indebted in Brazil, is in such distress that it didn’t pay salaries to public workers in July." I hope professors don't rely on public money in Brazil, though I'm sure you've seen this all before and you'll be fine. After all, government fiat money is good, bitcoin bad, right? |
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YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
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August 24, 2015, 02:26:43 AM
Last edit: August 24, 2015, 10:15:50 AM by YourMother |
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Moderator bans me for 2 months+ trying to teach me a lesson, but instead he learns a lesson. To not ever ban a well-reasoned bear that's contributing at making a less pretentious and less circle-jerking bull-infested swamp-like thread. It was truly atrocious to see so many bitcoin bulls going full retard during the Grexit speculation. Anyways, here's an x-ray of a squirrel   Unless the TwinklePimple brothers release some sort of a countdown for their over-hyped Gemini exchange, BTC will have nothing to cling on while on its way to sub-100$. Viva la Bitcoin-XT! |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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August 24, 2015, 02:29:33 AM |
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I wonder how much money and time it would take to add enough XT hashing power to trigger the switch assuming no more existing nodes defected. I'm guessing it could easily be done for less than $500M. The problem is that the cripplecoiners would only need to add one Terahash/second for every 3 Terahashes/sec new nodes to prevent it from happening.
I'm pretty sure 21.co's chips will be mining XT. Microtransactions will not be practical once the network approaches capacity. At capacity, they won't even be possible.
Cripplecoiners consider small transactions "spam", but microtransactions will prevent spam if, for example, email requires 0.1 milibit postage. or even 0.01 mBit. A lightning network adds a layer of complexity to a system that is already too complex for mainstream use. Trusted third parties may make it simple and easy, but that defeats the whole purpose of a peer to peer network.
Did you make some bad bets Mr decentral banker? You seem awfully bitter as of late. |
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Cconvert2G36
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August 24, 2015, 02:41:04 AM |
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Moderator bans me for 2 months+ trying to teach me a lesson, but instead he learns a lesson. To not ever ban a well-reasoned bear that's contributing at making a less pretentious and less circle-jerking bull-infested swamp-like thread. It was truly atrocious to see so many bitcoin bulls going full retard during the Grexit speculation. Anyways, Unless the TwinklePimple brothers release some sort of a countdown for their over-hyped Gemini exchange, BTC will have nothing to cling on while on its way to sub-100$. Viva la Bitcoin-XT!Ahahahaha  |
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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August 24, 2015, 02:41:21 AM |
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time to crack 220 ?
220 is a very strong resistence, it not easy broke it $220 is gone, dead buried. Just a series of lower highs and lower lows, come back in a year or two. This shits dead for now. BFX is going to collapse. There's simply not enough money there to make their lenders whole. Gonna be very very ugly for those with coins or cash on that platform. Most people on there use BTC as collateral as well so when they get liquidated more btc needs to be sold to make usd lenders whole. With the state of the books at the moment it won't be able to absorb it. $160 and lower will be seen on BFX for sure. did you hear that everyone ?? bitfinex is going to collapse.... It's already started. You know they had to stop margin calls on that sell off to 160 as there wasn't enough liquidity on the books if they had let them carry on cascasing it would have gone to 0. They simply couldn't handle even half of the $25 million in longs they have open closing. When longs were this high before we were at over double the price and there was a huge amount more liquidity on there. might explain why we havn't seen new lows with the blockchain drama with 220 heavy resistance ............. |
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