Cconvert2G36
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November 03, 2015, 10:11:05 PM |
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was a good run you bulls, but this pattern is not your friend. this is going back south now, dips will be called spikes and bears going to have the fun ride Or it could just be the greed valve going psssssssssssssshhhhhhhhhh. This train does make regular stops as the wider distribution of coins marches on.
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peonminer
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November 03, 2015, 10:11:36 PM |
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go short tamri
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brg444
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November 03, 2015, 10:12:10 PM |
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Fears of centralization are real, fear of 3 tps being a huge bottleneck are real.
Calling large miners centralized is like saying Kenya rigs the Boston Marathon. Bitcoin needs to be competitive. Should they limit the run to only white middle-class factory workers from Peoria? Watching them drop dead from heart attacks wouldn't be much fun, nor does watching blocks take days to process and get dropped. You can't make rules that exclude people because they are good at what they do. "This forum is comatose" Lulz. Looks like the bitco.in forum exiles are back in full force.
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Omikifuse
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November 03, 2015, 10:12:51 PM |
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I see a dump to 375 followed by a quick recover.
For a moment I thought was game over and and were on top, but this is more solid than I thought
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Dilla
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November 03, 2015, 10:13:23 PM |
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As the price extends higher, the flash dumps will be greater. Seeing we are around $400 after that mega dump, we are looking good.
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r0ach
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November 03, 2015, 10:14:10 PM |
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I see a dump to 375 followed by a quick recover.
For a moment I thought was game over and and were on top, but this is more solid than I thought
Will take something like 30 years for a new generation of shorters to arrive since all the existing ones are broke and homeless now.
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Fatman3001
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Make Bitcoin glow with ENIAC
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November 03, 2015, 10:14:16 PM |
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Miners are sufficiently incentivized to choose an appropriate block size. Too big and their chances of being orphaned increase. This is the decentralized solution for a decentralized system.
I'm not sure if you're thinking of "no block size limit" or BIP100, I'm guessing the latter. As a miner myself, and from keeping an eye on the mining field, I can tell you that giving miners this kind of power might lead to some very odd behavior. Most of the companies and pools should not be trusted with that kind of power. It's no point with incentives if you don't understand the consequences of your actions. Just look at Ghash.io's 51% attack scare last summer. There's also the fact that we have no idea who the big actors in the field will be in five years time, nor their motives. The devs need to find a clearly defined solution and implement it. Preferably before we hit the wall.
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LFC_Bitcoin
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#1 VIP Crypto Casino
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November 03, 2015, 10:16:47 PM |
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Will take something like 30 years for a new generation of shorters to arrive since all the existing ones are broke and homeless now.
Bro you're fast becoming one of my favourite posters here. Funny shit, keep up the good work
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cbeast
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Let's talk governance, lipstick, and pigs.
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November 03, 2015, 10:19:30 PM |
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celes8
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November 03, 2015, 10:20:00 PM |
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Also
People have been discussing/wondering why the price has seen such a dramatic climb the last week or so.
I dont believe it has anythign to do with a MMM scam that has 12k likes on facebook. The biggest clue is that China is leading, and they are trading at a premium. If you were an institutional investor where would you trade? If you were looking to plow 20million$ into bitcoins, why would you go to China unless you feel like yoru business contacts are 10000% rock solid? Again, China has been leading this run, and even if you're looking to plow through $10m into bitcoin, why would you buy at a premium once you start the bull run and cause gigantic spread?
No, you'd come back to the US and buy on gemini, coinbase, and finex. Or you wouldve went to bitpay and and purchased them offline. Or went to Barry Silbert.
Now, there can be family run investment vehicles retail buying. I think that's very possible, but none of those family run businesses would go to china. They would stay at coinbase/bitpay/finex/gemini.
So I kind of really really discredit the idea that this run has been caused by institutional investors coming into the marketplace. Not saying that they havent since, but most certainly that they did not start the pump.
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criptix
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November 03, 2015, 10:22:06 PM |
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Also
People have been discussing/wondering why the price has seen such a dramatic climb the last week or so.
I dont believe it has anythign to do with a MMM scam that has 12k likes on facebook. The biggest clue is that China is leading, and they are trading at a premium. If you were an institutional investor where would you trade? If you were looking to plow 20million$ into bitcoins, why would you go to China unless you feel like yoru business contacts are 10000% rock solid? Again, China has been leading this run, and even if you're looking to plow through $10m into bitcoin, why would you buy at a premium once you start the bull run and cause gigantic spread?
No, you'd come back to the US and buy on gemini, coinbase, and finex. Or you wouldve went to bitpay and and purchased them offline. Or went to Barry Silbert.
Now, there can be family run investment vehicles retail buying. I think that's very possible, but none of those family run businesses would go to china. They would stay at coinbase/bitpay/finex/gemini.
So I kind of really really discredit the idea that this run has been caused by institutional investors coming into the marketplace. Not saying that they havent since, but most certainly that they did not start the pump.
/tinfoil_on wouldnt that be the exact thing the guys want the sheeps to think? /tinfoil_off imo i think reenabled chinese bank transfers definietly play a role here!
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vuduchyld
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November 03, 2015, 10:24:28 PM |
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Probably a stupid question, but...
Is there a significant amount of arbitrage between Huobi and Bitfinex? The difference is about $50. It wouldn't seem like it would take much to buy on Bitfinex, sell on Huobi, wash, rise, repeat.
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Zarathustra
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Activity: 1162
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November 03, 2015, 10:25:02 PM |
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Fears of centralization are real, fear of 3 tps being a huge bottleneck are real.
Calling large miners centralized is like saying Kenya rigs the Boston Marathon. Bitcoin needs to be competitive. Should they limit the run to only white middle-class factory workers from Peoria? Watching them drop dead from heart attacks wouldn't be much fun, nor does watching blocks take days to process and get dropped. You can't make rules that exclude people because they are good at what they do. "This forum is comatose" Lulz. Looks like the bitco.in forum exiles are back in full force. Go back to your ad hominem thread instead of destroying this thread.
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Cconvert2G36
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November 03, 2015, 10:25:45 PM |
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Miners are sufficiently incentivized to choose an appropriate block size. Too big and their chances of being orphaned increase. This is the decentralized solution for a decentralized system.
I'm not sure if you're thinking of "no block size limit" or BIP100, I'm guessing the latter. As a miner myself, and from keeping an eye on the mining field, I can tell you that giving miners this kind of power might lead to some very odd behavior. Most of the companies and pools should not be trusted with that kind of power. It's no point with incentives if you don't understand the consequences of your actions. Just look at Ghash.io's 51% attack scare last summer. There's also the fact that we have no idea who the big actors in the field will be in five years time, nor their motives. The devs need to find a clearly defined solution and implement it. Preferably before we hit the wall. I meant the former. BIP100 adds a convoluted voting mechanism in an effort to mimic what the free market would do on its own. Go ahead and look at the Ghash debacle, it will show you that mining isn't quite as centralized as it appears. The miners already have the power, it's just that right now Core serves as a veneer of "community" central control. The same factors that prevent malicious mining behavior (killing the golden goose and mutually assured destruction) will work in this case too. On the "before hitting the wall" vs "after"... wholeheartedly agree.
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criptix
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Activity: 2464
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November 03, 2015, 10:26:50 PM |
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Probably a stupid question, but...
Is there a significant amount of arbitrage between Huobi and Bitfinex? The difference is about $50. It wouldn't seem like it would take much to buy on Bitfinex, sell on Huobi, wash, rise, repeat.
You gotta think about the fiat part. If you want to arb between US and China you are also trading USD and CNY. Depending on what you want to do and up to which volume it could get quite complicated.
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brg444
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November 03, 2015, 10:27:18 PM |
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Fears of centralization are real, fear of 3 tps being a huge bottleneck are real.
Calling large miners centralized is like saying Kenya rigs the Boston Marathon. Bitcoin needs to be competitive. Should they limit the run to only white middle-class factory workers from Peoria? Watching them drop dead from heart attacks wouldn't be much fun, nor does watching blocks take days to process and get dropped. You can't make rules that exclude people because they are good at what they do. "This forum is comatose" Lulz. Looks like the bitco.in forum exiles are back in full force. Go back to your ad hominem thread instead of destroying this thread. You wouldn't be trying to censor me now would you
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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November 03, 2015, 10:28:14 PM |
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Fears of centralization are real, fear of 3 tps being a huge bottleneck are real.
Calling large miners centralized is like saying Kenya rigs the Boston Marathon. Bitcoin needs to be competitive. Should they limit the run to only white middle-class factory workers from Peoria? Watching them drop dead from heart attacks wouldn't be much fun, nor does watching blocks take days to process and get dropped. You can't make rules that exclude people because they are good at what they do. "This forum is comatose" Lulz. Looks like the bitco.in forum exiles are back in full force. Go back to your ad hominem thread instead of destroying this thread. You wouldn't be trying to censor me now would you fascist!
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brg444
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November 03, 2015, 10:29:00 PM |
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Miners are sufficiently incentivized to choose an appropriate block size. Too big and their chances of being orphaned increase. This is the decentralized solution for a decentralized system.
I'm not sure if you're thinking of "no block size limit" or BIP100, I'm guessing the latter. As a miner myself, and from keeping an eye on the mining field, I can tell you that giving miners this kind of power might lead to some very odd behavior. Most of the companies and pools should not be trusted with that kind of power. It's no point with incentives if you don't understand the consequences of your actions. Just look at Ghash.io's 51% attack scare last summer. There's also the fact that we have no idea who the big actors in the field will be in five years time, nor their motives. The devs need to find a clearly defined solution and implement it. Preferably before we hit the wall. I meant the former. BIP100 adds a convoluted voting mechanism in an effort to mimic what the free market would do on its own. Go ahead and look at the Ghash debacle, it will show you that mining isn't quite as centralized as it appears. The miners already have the power, it's just that right now Core serves as a veneer of "community" central control. The same factors that prevent malicious mining behavior (killing the golden goose and mutually assured destruction) will work in this case too. On the "before hitting the wall" vs "after"... wholeheartedly agree. What exactly happened? The 2-3 giant mining operations who accounted for a majority of GHash's power dispersed into different mining pools so as to camouflage their actual share of the network and give the appearance of decentralization?
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Zarathustra
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Activity: 1162
Merit: 1004
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November 03, 2015, 10:32:15 PM |
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Fears of centralization are real, fear of 3 tps being a huge bottleneck are real.
Calling large miners centralized is like saying Kenya rigs the Boston Marathon. Bitcoin needs to be competitive. Should they limit the run to only white middle-class factory workers from Peoria? Watching them drop dead from heart attacks wouldn't be much fun, nor does watching blocks take days to process and get dropped. You can't make rules that exclude people because they are good at what they do. "This forum is comatose" Lulz. Looks like the bitco.in forum exiles are back in full force. Go back to your ad hominem thread instead of destroying this thread. You wouldn't be trying to censor me now would you Never. Just advising. That's the difference between you, the chearleaders of the totalitarian censors and us, the anarchists.
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hdbuck
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November 03, 2015, 10:32:43 PM |
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