becoin
Legendary
 Offline
Activity: 3431
Merit: 1233
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March 24, 2017, 10:31:40 AM |
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I have just come up with an absolutely crazy idea. I should probably be shot in the face! So here it is:
SegWit and LN would push a lot of the transactions offchain. So people running LN nodes would collect some fees. Ideally these would be much cheaper than today's on-chain trans fees, but there could be a lot more of them.
What exactly is preventing miners/pools from running LN nodes and earn some tasty fees? Lactose intolerance? Their inability to compile C++11 code? The fact that they have no more space for an extra virtual server for the LN node in their multi football field sized mining farm?
Please enlighten me!
Setting up LN node doesn't require ASICs produced by Bitmain. Thus I gather why miners don't like seg witness nor lightning? Yep. If you want to know the true centralization rate of bitcoin network you have to calculate the % of hash power produced by Bitmain ASICs. |
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pukis
Member
Offline
Activity: 79
Merit: 10
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March 24, 2017, 10:32:24 AM |
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100% there will be dump, below 900$
If your somehow right, i will make big dump on your head |
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becoin
Legendary
Offline
Activity: 3431
Merit: 1233
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March 24, 2017, 10:34:01 AM |
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Looking bearish
Yes. Big dump expected because we tested the support below 1000$ 3 time now. We would likely go furhter south it seems. Wow. You're real talent. 4 out of 5 predictions wrong. |
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Karartma1
Legendary
Offline
Activity: 2310
Merit: 1425
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March 24, 2017, 10:35:09 AM |
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I have just come up with an absolutely crazy idea. I should probably be shot in the face! So here it is:
SegWit and LN would push a lot of the transactions offchain. So people running LN nodes would collect some fees. Ideally these would be much cheaper than today's on-chain trans fees, but there could be a lot more of them.
What exactly is preventing miners/pools from running LN nodes and earn some tasty fees? Lactose intolerance? Their inability to compile C++11 code? The fact that they have no more space for an extra virtual server for the LN node in their multi football field sized mining farm?
Please enlighten me!
Setting up LN node doesn't require ASICs produced by Bitmain. Thus I gather why miners don't like seg witness nor lightning? Yep. If you want to know the true centralization rate of bitcoin network you have to calculate the % of hash power produced by Bitmain ASICs. Interesting mini thread. I had something like that in the back of my mind but I've never gave it much thought. Now I see many things which I was clearly missing, thanks becoin. |
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york780
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March 24, 2017, 10:35:32 AM |
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100% there will be dump, below 900$
Mmm, if everybody starts agreeing with me, I might have to reconsider   No trust yourself. The law of the 3 dead cat bounces always works. 3x testing lowest support= breaking trough support. |
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becoin
Legendary
Offline
Activity: 3431
Merit: 1233
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March 24, 2017, 10:44:32 AM |
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100% there will be dump, below 900$
Mmm, if everybody starts agreeing with me, I might have to reconsider No trust yourself. The law of the 3 dead cat bounces always works. Yes, correct. It always works except in those cases when it doesn't. |
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york780
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March 24, 2017, 10:49:38 AM |
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100% there will be dump, below 900$
Mmm, if everybody starts agreeing with me, I might have to reconsider No trust yourself. The law of the 3 dead cat bounces always works. Yes, correct. It always works except in those cases when it doesn't. You are so wise. You must understand the casus fully. You are the real expert here. |
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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March 24, 2017, 10:53:59 AM |
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100% there will be dump, below 900$
Mmm, if everybody starts agreeing with me, I might have to reconsider No trust yourself. The law of the 3 dead cat bounces always works. Yes, correct. It always works except in those cases when it doesn't. You are so wise. You must understand the casus fully. You are the real expert here. Ok, kids. Cards on the table. Where is the bottom? Or where's the next move up to if there's no dump? Specifics, please. Then it will be clear who was right and who was wrong after the fact. |
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york780
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March 24, 2017, 10:56:19 AM |
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100% there will be dump, below 900$
Mmm, if everybody starts agreeing with me, I might have to reconsider No trust yourself. The law of the 3 dead cat bounces always works. Yes, correct. It always works except in those cases when it doesn't. You are so wise. You must understand the casus fully. You are the real expert here. Ok, kids. Cards on the table. Where is the bottom? Or where's the next move up to if there's no dump? Specifics, please. Then it will be clear who was right and who was wrong after the fact. Here you go. Dump will happen because of fear for a bear market, and lots of traders will jump on the Eth train that started yesterday |
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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March 24, 2017, 11:00:36 AM |
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So basically your target is ~$800 and if it goes below that, hello bear. |
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york780
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March 24, 2017, 11:02:36 AM |
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So basically your target is ~$800 and if it goes below that, hello bear. I will jump in if it goes below 900$. But 800$ is possible but i have to admit that i dont have the guts to wait that long. |
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 24, 2017, 11:09:15 AM |
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100% there will be dump, below 900$
Mmm, if everybody starts agreeing with me, I might have to reconsider No trust yourself. The law of the 3 dead cat bounces always works. Yes, correct. It always works except in those cases when it doesn't. You are so wise. You must understand the casus fully. You are the real expert here. Ok, kids. Cards on the table. Where is the bottom? Or where's the next move up to if there's no dump? Specifics, please. Then it will be clear who was right and who was wrong after the fact. I am calling 750-ish as intermediate bottom, 500-ish as final bottom. Hopefully people come to their senses by then. |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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March 24, 2017, 11:14:06 AM |
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So basically your target is ~$800 and if it goes below that, hello bear. I will jump in if it goes below 900$. But 800$ is possible but i have to admit that i dont have the guts to wait that long. Ok, thank you. Now we will see if it comes to pass.  Personally I think it's quite possible that the market's nerves around BU and the failed ETF bid are still to play out. |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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March 24, 2017, 11:18:57 AM |
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Looks like Litecoin is on its way to activate SegWit, almost at 50% now for the last 8064 blocks. The market also seems to like it. Bitcoin next? |
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becoin
Legendary
Offline
Activity: 3431
Merit: 1233
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March 24, 2017, 11:23:04 AM |
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So basically your target is ~$800 and if it goes below that, hello bear. I will jump in if it goes below 900$. But 800$ is possible but i have to admit that i dont have the guts to wait that long. Ok, thank you. Now we will see if it comes to pass. Personally I think it's quite possible that the market's nerves around BU and the failed ETF bid are still to play out. BUcoin is dead. ETF is not an influencer anymore. The true reason for this range trading is end of March. Bitcoin businesses have to pay taxes. They are net sellers. Once March is over, uptrend will be reinstated with full power. Best time to buy back their bitcoins for average traders and whales that panic sold at the bottom is this weekend. That will be their last chance! With every day we come close to the end of month this window of opportunity is disappearing for that unfortunate group. |
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york780
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March 24, 2017, 11:27:31 AM |
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So basically your target is ~$800 and if it goes below that, hello bear. I will jump in if it goes below 900$. But 800$ is possible but i have to admit that i dont have the guts to wait that long. Ok, thank you. Now we will see if it comes to pass. Personally I think it's quite possible that the market's nerves around BU and the failed ETF bid are still to play out. BUcoin is dead. ETF is not an influencer anymore. The true reason for this range trading is end of March. Bitcoin businesses have to pay taxes. They are net sellers. Once March is over, uptrend will be reinstated with full power. Best time to buy back their bitcoins for average traders and whales that panic sold at the bottom is this weekend. That will be their last chance! With every day we come close to the end of month this window of opportunity is disappearing for that unfortunate group. Bitcoin down, ethereum mooning. I already earned 1 btc today. Not bad. So i keep watching and playing this funyn game. See you at 900$  |
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conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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March 24, 2017, 11:31:34 AM |
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 24, 2017, 11:31:58 AM |
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Looks like Litecoin is on its way to activate SegWit, almost at 50% now for the last 8064 blocks. The market also seems to like it. Bitcoin next? Only 22% in the last 500 blocks, except for a new player, pools don't seem to have switched. |
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conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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March 24, 2017, 11:35:34 AM |
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Ok, kids. Cards on the table. Where is the bottom? Or where's the next move up to if there's no dump?
Specifics, please. Then it will be clear who was right and who was wrong after the fact.
my highest bids are now around $ 850, 800, 780, except for the pongs of my trading bot. |
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becoin
Legendary
Offline
Activity: 3431
Merit: 1233
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March 24, 2017, 11:39:31 AM |
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So basically your target is ~$800 and if it goes below that, hello bear. I will jump in if it goes below 900$. But 800$ is possible but i have to admit that i dont have the guts to wait that long. Ok, thank you. Now we will see if it comes to pass. Personally I think it's quite possible that the market's nerves around BU and the failed ETF bid are still to play out. BUcoin is dead. ETF is not an influencer anymore. The true reason for this range trading is end of March. Bitcoin businesses have to pay taxes. They are net sellers. Once March is over, uptrend will be reinstated with full power. Best time to buy back their bitcoins for average traders and whales that panic sold at the bottom is this weekend. That will be their last chance! With every day we come close to the end of month this window of opportunity is disappearing for that unfortunate group. Bitcoin down, ethereum mooning. I already earned 1 btc today. Not bad. So i keep watching and playing this funyn game. See you at 900$ You have to work extra hard this year to recoup your losses from last year! You're very inexperienced trader and you'll need a lot of luck. |
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