Samarkand
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January 26, 2018, 12:04:13 PM |
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... The true flippening will be when LN is bigger than the BCH network - we should set up a countdown website
You can already track the progress of the Lightning Network on mainnet: https://p2sh.info/dashboard/db/lightning-network?orgId=1Over 3 BTC are already in use in more than 600 open channels. The linked website also has lots of other interesting statistics as well. ... Torque - lead advocate of unsound digital money.
Tell me one thing on earth that is closer to sound money than Bitcoin (to give you a tip: physical Silver is not a correct answer).
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AlexGR
Legendary
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Activity: 1708
Merit: 1049
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January 26, 2018, 12:10:17 PM |
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... The true flippening will be when LN is bigger than the BCH network - we should set up a countdown website
You can already track the progress of the Lightning Network on mainnet: https://p2sh.info/dashboard/db/lightning-network?orgId=1Over 3 BTC are already in use in more than 600 open channels. This deserves a meme: "I don't always beta-test things, but when I do, it's on mainnet"
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mymenace
Legendary
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Activity: 1596
Merit: 1061
Smile
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January 26, 2018, 12:11:46 PM |
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https://cointelegraph.com/news/john-mcafee-well-screw-up-the-future-but-itll-still-be-better-than-what-we-have-today see , bitcoin dont care jmccocaina... he need start training strech to prepare "eat sausage" live on hacked twitter account Who will believe overdosed junk , years druging and drinking.. But who is behind all? cryptos, pumps, whales,bulls... That who give life sentence to lars U. https://en.wikipedia.org/wiki/Silk_Road_(marketplace) becouse us goverment want monopol to drugs trade: for money to wars/proxy wars Its not secret us pentagon use diplomatic planes from afganistan ... or like use that planes get weapons from bulgaria to isis. also fake chemicall attack .. Dear my people here, they can stop all cryptos IN MINUTE. if cryptos start/will help Russia and chinese or germany now..EU loosing billions pga sanctions on russia.or independency in cheap energy or they can stop : iban, visa,mastercard, paypal,western union and all other werstern companys witch have byznis about "moving" fiat or coins to fiat.. becouse these companys start years ago with evil-usa jurisdiction only cryptos coins absolutly independent from usa,eu jurisdic. will have Power to trust.. today nobody trust usa .. i have account in china or russia,mir card You just believer ... only weapons is power. like now try new "falling soviet union 2" - usa "showing power" )))) After all.. will win world : 192-8 only new silk roads and other types can increase using coins.. legal? No , nobody will count for buy chew gum 0,00000000065465465654 its stress. not inovation! we need more easy solutions https://www.youtube.com/watch?v=bKpx_YGL95c&list=UUpwvZwUam-URkxB7g4USKpg usa is like half death animal when see on own death .. and want kill all around world for own mistakes and war criminal life own nation OMG what I have just read? Are you drunk or high? #ReleaseTheMemo he is going on about Obama, Hilary, DOJ, FBI colluded together to continue wars in Iraq, Afghanistan, Libya, Syria, Somalia, etc etc etc as well Obama funding ISIS and the directly involved in the increase of ISIS across the middle east interesting ISIS is now dead and called the kurdish democrat party, trying a coup in Iraq In particular the #ReleaseTheMemo that outlines the creation of the Russian Dossier by the DNC, then approved by the FBI, then prompting Obama to create FISA warrants on a running presidential candidate - effectively spying on the opposition for the opposition in an election As well outlines the DOJ and FBI role in letting Hillary off the hook for the email scandal
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Samarkand
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January 26, 2018, 12:16:04 PM |
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... This deserves a meme: "I don't always beta-test things, but when I do, it's on mainnet" I slightly changed the text of the meme and hope that you like my creation https://i.imgur.com/iXgZrQ7.jpg
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Icygreen
Legendary
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Activity: 1463
Merit: 1135
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January 26, 2018, 12:17:07 PM |
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So my coinbase account is still not working with any browser but works on my phone with 4g or works if I route through a VPN on my computer. Wonder if TPTB are trying to lock some of us out with IP addresses. Bullish!
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AlexGR
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Activity: 1708
Merit: 1049
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January 26, 2018, 12:54:28 PM |
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... This deserves a meme: "I don't always beta-test things, but when I do, it's on mainnet" I slightly changed the text of the meme and hope that you like my creation https://i.imgur.com/iXgZrQ7.jpg
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mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
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January 26, 2018, 12:55:10 PM |
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https://cointelegraph.com/news/john-mcafee-well-screw-up-the-future-but-itll-still-be-better-than-what-we-have-today see , bitcoin dont care jmccocaina... he need start training strech to prepare "eat sausage" live on hacked twitter account Who will believe overdosed junk , years druging and drinking.. But who is behind all? cryptos, pumps, whales,bulls... That who give life sentence to lars U. https://en.wikipedia.org/wiki/Silk_Road_(marketplace) becouse us goverment want monopol to drugs trade: for money to wars/proxy wars Its not secret us pentagon use diplomatic planes from afganistan ... or like use that planes get weapons from bulgaria to isis. also fake chemicall attack .. Dear my people here, they can stop all cryptos IN MINUTE. if cryptos start/will help Russia and chinese or germany now..EU loosing billions pga sanctions on russia.or independency in cheap energy or they can stop : iban, visa,mastercard, paypal,western union and all other werstern companys witch have byznis about "moving" fiat or coins to fiat.. becouse these companys start years ago with evil-usa jurisdiction only cryptos coins absolutly independent from usa,eu jurisdic. will have Power to trust.. today nobody trust usa .. i have account in china or russia,mir card You just believer ... only weapons is power. like now try new "falling soviet union 2" - usa "showing power" )))) After all.. will win world : 192-8 only new silk roads and other types can increase using coins.. legal? No , nobody will count for buy chew gum 0,00000000065465465654 its stress. not inovation! we need more easy solutions https://www.youtube.com/watch?v=bKpx_YGL95c&list=UUpwvZwUam-URkxB7g4USKpg usa is like half death animal when see on own death .. and want kill all around world for own mistakes and war criminal life own nation OMG what I have just read? Are you drunk or high? #ReleaseTheMemo he is going on about Obama, Hilary, DOJ, FBI colluded together to continue wars in Iraq, Afghanistan, Libya, Syria, Somalia, etc etc etc as well Obama funding ISIS and the directly involved in the increase of ISIS across the middle east interesting ISIS is now dead and called the kurdish democrat party, trying a coup in Iraq In particular the #ReleaseTheMemo that outlines the creation of the Russian Dossier by the DNC, then approved by the FBI, then prompting Obama to create FISA warrants on a running presidential candidate - effectively spying on the opposition for the opposition in an election As well outlines the DOJ and FBI role in letting Hillary off the hook for the email scandal
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Rosewater Foundation
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January 26, 2018, 12:59:42 PM |
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Whats happening?
Futures day, we can expect continuous price manipulation at futures close as long as we have these bullshit contracts
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TERA2
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Deb Rah Von Doom
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January 26, 2018, 01:00:30 PM |
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Tether bubble
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realr0ach
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#TheGoyimKnow
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January 26, 2018, 01:00:51 PM |
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Torque - lead advocate of unsound digital money.
Tell me one thing on earth that is closer to sound money than Bitcoin (to give you a tip: physical Silver is not a correct answer). Are you people professional conmen? Bitcoin is a currency, not money, which is why it's called "cryptocurrency". It does not have the valid traits required to be money. By claiming "bitcoin is money", you're also claiming Digibyte, Ripple, "basic attention token", and the 1400 other infinitely increasing scamcoins are "money" as well. Now do you see how laughable your statement is? Now some delusional idiot is going to claim "no, only bitcoin can be money but not "basic attention token!". Lol, says who? There is no objective traits that make any of these scamcoins different from one another. They would either ALL have to be "money" or none of them money. But that's beside the point since none of them qualify as money in the first place. It's also impossible for any cryptocurrency to have fungibility since the protocols are malleable. It has to be non-malleable to be fungible. So yes, silver and gold are money, bitcoin is not. Bitcoin is just some guy's artificial game you are agreeing to play because he designed it in a way to try and lure you in to a get rich (or poor) quick scheme. Hmm, after the government talked about trying to force everyone on the planet into a cashless society slave system for years, I wonder who would create a get rich quick scheme to entice people in, premine a huge amount themselves, and then not leverage any of the proceeds to do anything with it because they're already unimagineably rich in the first place?
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TERA2
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Deb Rah Von Doom
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January 26, 2018, 01:05:59 PM |
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Samarkand
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January 26, 2018, 01:11:50 PM |
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...
Are you people professional conmen? Bitcoin is a currency, not money, which is why it's called "cryptocurrency". It does not have the valid traits required to be money. By claiming "bitcoin is money", you're also claiming Digibyte, Ripple, "basic attention token", and the 1400 other infinitely increasing scamcoins are "money" as well. Now do you see how laughable your statement is?
Now some delusional idiot is going to claim "no, only bitcoin can be money but not "basic attention token!". Lol, says who? There is no objective traits that make any of these scamcoins different from one another. They would either ALL have to be "money" or none of them money. But that's beside the point since none of them qualify as money in the first place. It's also impossible for any cryptocurrency to have fungibility since the protocols are malleable. It has to be non-malleable to be fungible.
So yes, silver and gold are money, bitcoin is not. Bitcoin is just some guy's artificial game you are agreeing to play because he designed it in a way to try and lure you in to a get rich (or poor) quick scheme. Hmm, after the government talked about trying to force everyone on the planet into a cashless society slave system for years, I wonder who would create a get rich quick scheme to entice people in, premine a huge amount themselves, and then not leverage any of the proceeds to do anything with it because they're already unimagineably rich in the first place?
Why have most governments classified Bitcoin as an asset when it is a currency according to you? The difference between Ripple and other scamcoins vs. Bitcoin is simple. Bitcoin has a truly immutable supply and a predetermined issuance rate that eventually asymptotically approaches zero. All the other scamcoins are prone to changes in supply or other relevant characteristics. However, as we have seen numerous times with all the fork attempts Bitcoin is incredibly resilient to all of these attacks and has proven to be immune to any relevant changes. For further reading on why Bitcoin is superior to all the altcoins I suggest that you read the links that I already posted in this thread yesterday: Your last paragraph is pure conjecture. The more likely reason why Satoshi´s coins have never moved is that he/she is dead or can´t access the private keys for another reason. I think you are giving the government too much credit if you think that they are the inventors of cryptocurrency. I do concede though that various government entities are probably heavily into cryptocurrency mining in order to generate cash that is off the books.
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d_eddie
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January 26, 2018, 01:13:36 PM Last edit: January 26, 2018, 01:27:36 PM by d_eddie |
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For example, A and B connect to me with 1 BTC each. I copy their public key to an offline machine and have it generate a million transactions each (or however many are needed) to account for every possible signed transaction then transfer that to a computer online.
Also, if this is possible, what prevents me from signing all of those transactions then spending the bitcoins somewhere else. Or is this what SegWit fixed?
No you can't do that. You only get some coin from Alice that you must pass on to the opposite end of one of your open channels. Each channel has only two ends: you and the other guy. So you get money on one channel (Alice), you pass it on to Charlie, which will help with another hop, until the coins reach the final destination - Bob, but none of the intermediate nodes knows that. You can't withhold the funds within your node. They must travel onwards. And in this scenario could we interpret every single channel "section" (aka my combined 2 connections (Alice to me, and me to Charlie) as a tx confirmation? Thus, a passthrough of let's say 5 channels equals 5 confirmations? No. Each intermediate hop (channel fund movement) is confirmed almost instantaneously. So the sending node gets its balance back at once.
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d_eddie
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January 26, 2018, 01:15:44 PM |
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Over 100 LN nodes running now..20% of all nodes now SegWit and growing. Ver is a sociopath.
Just ordered a Lenovo x3100 M5 with 4 x 4 TB hot-swap drives running RAID 10, to run my new bitcoind and lnd node. Will be running Ubuntu. Fun project I'm looking towards. Figure I'll fund the LN node with 2 BTC and see what happens. You'll have to open at least 48 channels, since at the moment each channel has max 0.042 BTC capacity.
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Torque
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Why all filthy rich guys are selling hundreds and thousands of BTC at that price? What are they thinking - the end of the world? Or early retirement? What if by the end of the year BTC hits 50K or even 100K $ and they realize how richer they could have been if only waited for several more months? But no, why have 100 mln in several months, while I can have 2-3 mln and retire now. Pathetic Moving old coins to segwit wallets? Simplistic guess, but I'm not Torque. Ask him! If he was talking about the run-up and then dump from $19k, that was just a bunch of retard whale traders using a last gasp PnD to cover their taking a rather large position in Bitcoin, before the Futures market got started. It was a win-win-win-win for them: 1. They could cover their taking up a large position whilst whipping up the momentum trade on hype 2. The sheeple and guppie traders would buy into the rally at exactly the wrong time 3. They could then short at the top, with a lot of coins on exchanges to leverage for the short, and pretty much double their position 4. The dump scared away all the Average Joes that were thinking about getting in for at least another year Now they pretend that the bull run is over, and let the market wash trade sideways in a narrow band. Hoping that the get-rich-quick n00bs will get frustrated with no upwards price action and sell, right into their buy walls. But they ain't really foolin' anyone with that shit... Wall street desperately wants your bitcoin.
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ivomm
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All good things to those who wait
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This asshole selling thousands BTC at bitfinex with multiple 200 BTC walls is the culprit of today's drop. And why he is selling so much in such a noobish way, I can't imagine. Probably too lazy to place multiple 20 BTC sell offers instead of several 200 BTC. Well, if he is happy to lose milions because of his stupidity, so be it.
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realr0ach
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#TheGoyimKnow
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January 26, 2018, 01:52:01 PM Last edit: January 26, 2018, 02:02:58 PM by realr0ach |
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Tera, stop pretending to be retarded. The traits of money are: durability, fungibility, portability, scarcity, divisibility. Then you have price stability, but that's more tertiary. Contrary to the idiotic chart they post on reddit: Fungibility: bitcoin is obviously not fungible, not even if you mix outputs to obfuscate transaction history, but bitcoin doesn't even do that. It would also not be fungible because the protocol is malleable and PoW doesn't force convergence in rough consensus "attacks", aka forks or 'different opinions'. Bitcoin also functions as somewhat of a 3 of 5 multisig permissioned ledger in practice with built-in middlemen. It's not really possible for a permissioned ledger with built-in gatekeepers to be fungible. That's called a 1984 slavery system where you're forced to worship the five centralized transaction validators or they refuse to process your non-blinded transactions. Durability: They claim durability of bitcoin is equal to the noble metals, which is a complete joke. Metals are the equivalent of a billions of years old blockchain with self pruning, while bitcoin is a few years old and can be black swaned to death at any second. Durability of bitcoin is several orders of magnitude lower. It's just some guy's artificial scheme he created. It requires a black hole hitting the earth to black swan metals while artificial schemes are not known to have much staying power. Scarcity: As mentioned earlier, since PoW does nothing to solve rough consensus attacks, aka forks, there is no real scarcity. Since these broadcast systems (blockchains) are inherently very low scaling and high overhead, it also has an inverse Schelling point where people are incentivized to use a different chain than others to avoid usurious fees. Repeat ad infinitum until the entire ecosystem dies of dilution. Price Stability: When someone dies holding noble metals like silver or gold, they are recovered nearly every time eventually. The money then stays recirculating around. Bitcoin is radically different in this regard. Due to strong encryption, accidents, and other variables, bitcoin will be lost an overwhelmingly higher percentage of the time resulting in the currency being more hyper-deflationary than deflationary. Having a hyperdeflationary token is as useless for vendors trying to price items as a hyperinflationary one. Vendors would choose the most stable unit of measure to price things in, and bitcoin wouldn't be it. Bitcoin wouldn't be used in commerce and would just forever be some type of pump and dump scheme.
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Elwar
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Viva Ut Vivas
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The irony is that people running Lightning Network on mainnet are enjoying putting bcash folks in their place. Even though bcash tested their transaction solution on mainnet.
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Karartma1
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January 26, 2018, 02:08:31 PM |
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This asshole selling thousands BTC at bitfinex with multiple 200 BTC walls is the culprit of today's drop. And why he is selling so much in such a noobish way, I can't imagine. Probably too lazy to place multiple 20 BTC sell offers instead of several 200 BTC. Well, if he is happy to lose milions because of his stupidity, so be it.
Who are we to judge? Let him lose his money. Let these futures die for good and let's see what to expect for the future (!). I still have to figure out what is going to be the price on Dec. 31st 2018. This way I'll never get it! In the meanwhile I'll open a LN channel. Might help to do the trick
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pacman7331
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January 26, 2018, 02:19:02 PM |
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This asshole selling thousands BTC at bitfinex with multiple 200 BTC walls is the culprit of today's drop. And why he is selling so much in such a noobish way, I can't imagine. Probably too lazy to place multiple 20 BTC sell offers instead of several 200 BTC. Well, if he is happy to lose milions because of his stupidity, so be it.
I guess i'm noob too. I have no idea why you would not just put a limit order in at whatever price and sell all if thats what you want. =/
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