fonzie
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June 10, 2014, 05:43:19 PM |
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All in , leveraged long. Trains will leave the station soon!
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 10, 2014, 05:44:21 PM |
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I am hoping we can just make it back to $666 today and sustain those levels.
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TooDumbForBitcoin
Legendary
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Activity: 1638
Merit: 1001
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June 10, 2014, 05:44:46 PM |
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Come on Ghash you can do it! 51% and its all yours Devs are gonna drop some Crypto-fu on Ghash's ass. They're gonna get all Satoshi on 'em.
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akujin
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June 10, 2014, 05:46:27 PM |
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oda.krell
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Activity: 1470
Merit: 1007
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June 10, 2014, 05:50:51 PM |
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Serious question, to those who are deeper into the matter: Is there any way bundled hashrate could be identified and punished, or maybe rather: non-centralized hashrate gets a "discount" at solving blocks?
I'm not talking about an easy fix to the ghash situation here, just wondering what is theoretically possible in limiting hashrate centralization.
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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June 10, 2014, 05:55:34 PM |
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what is with bearstamp? never seen such a big spread between stamp and bfx except in the middle of a massive pump.
Seems like people are willing to pay $15 extra per BTC to avoid Stamp's anal probe.
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av123
Member
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Activity: 98
Merit: 10
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June 10, 2014, 05:57:45 PM |
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what is with bearstamp? never seen such a big spread between stamp and bfx except in the middle of a massive pump.
Seems like people are willing to pay $15 extra per BTC to avoid Stamp's anal probe. I think you are correct. Almost like a reverse Gox.
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 10, 2014, 06:01:02 PM |
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Richy_T
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Activity: 2450
Merit: 2129
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 10, 2014, 06:02:47 PM |
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Who'd've thunk it just a couple of years ago? I thought They wanted to go for XBT as the nomenclature though. Bullish
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thezerg
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Activity: 1246
Merit: 1010
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June 10, 2014, 06:13:25 PM |
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Serious question, to those who are deeper into the matter: Is there any way bundled hashrate could be identified and punished, or maybe rather: non-centralized hashrate gets a "discount" at solving blocks?
I'm not talking about an easy fix to the ghash situation here, just wondering what is theoretically possible in limiting hashrate centralization.
You are right the key trick here is to identify hash that is under a single entities' control. To do so in a decentralized manner, we must create an incentive to mine coins to the same output address (once a single entities' coins go to the same output address, its easy to make an algorithm penalize an output address that is getting lots of coins by reducing the mining reward or increasing difficulty for only that address). One way to do this would be to only allow coinbase transactions to spend to addresses with a long prefix (essentially a "vanity" address). For example, all coinbase addresses must begin with "1coinbaseTxn". So if you want to "look" like multiple entities, you must be continually devoting lots of processing power towards generating new coinbase capable addresses. There are lots of problems with this idea. For example, it encourages centralization because it could take a long time for a small miner to generate a coinbase capable address.
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Parazyd
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June 10, 2014, 06:21:36 PM |
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what is with bearstamp? never seen such a big spread between stamp and bfx except in the middle of a massive pump.
Seems like people are willing to pay $15 extra per BTC to avoid Stamp's anal probe. I think you are correct. Almost like a reverse Gox. What did Bitstamp do wrong in the first place?
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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June 10, 2014, 06:25:43 PM |
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Placed probes right up to the tippy top of their customer's colons.
And 'deverified' existing customers and asked for ludicrous and invasive extra documentation including tax documents in certain cases.
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Parazyd
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June 10, 2014, 06:29:44 PM |
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Placed probes right up to the tippy top of their customer's colons.
And 'deverified' existing customers and asked for ludicrous and invasive extra documentation including tax documents in certain cases.
I was left untouched... Still verified and able to withdraw and deposit fiat and BTC. Weird, had no clue that was happening.
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 10, 2014, 06:30:51 PM |
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Serious question, to those who are deeper into the matter: Is there any way bundled hashrate could be identified and punished, or maybe rather: non-centralized hashrate gets a "discount" at solving blocks?
I'm not talking about an easy fix to the ghash situation here, just wondering what is theoretically possible in limiting hashrate centralization.
The only fix I can think of off-hand that might be effective, and for which the "miscreant" would have no easy defeating work-around, is white-listing peers.
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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June 10, 2014, 06:31:23 PM |
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Serious question, to those who are deeper into the matter: Is there any way bundled hashrate could be identified and punished, or maybe rather: non-centralized hashrate gets a "discount" at solving blocks?
I'm not talking about an easy fix to the ghash situation here, just wondering what is theoretically possible in limiting hashrate centralization.
You are right the key trick here is to identify hash that is under a single entities' control. To do so in a decentralized manner, we must create an incentive to mine coins to the same output address (once a single entities' coins go to the same output address, its easy to make an algorithm penalize an output address that is getting lots of coins by reducing the mining reward or increasing difficulty for only that address). One way to do this would be to only allow coinbase transactions to spend to addresses with a long prefix (essentially a "vanity" address). For example, all coinbase addresses must begin with "1coinbaseTxn". So if you want to "look" like multiple entities, you must be continually devoting lots of processing power towards generating new coinbase capable addresses. There are lots of problems with this idea. For example, it encourages centralization because it could take a long time for a small miner to generate a coinbase capable address. Very interesting, thanks. I was thinking more along the lines of 'network comprised of uniquely identifiable entities, and how they interact'. As I understand it, there is essentially no way to identify the members of the network in a way that cannot be spoofed. I guess I'm wondering if there is a way to a) assign a immutable identifier to each miner and b) map how they interact, hoping that hashrate under a single entities control (or being in a pool) would act differently than isolated miners' hashrate.
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hd060053
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June 10, 2014, 06:31:40 PM |
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its a selling bot on stamp, its the same pattern as it was on gox at the end.
u should have ur btc ready there to sell just in case.
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Parazyd
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June 10, 2014, 06:36:02 PM |
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its a selling bot on stamp, its the same pattern as it was on gox at the end.
u should have ur btc ready there to sell just in case.
Pics or bullish. Seriously, got a graph to show?
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kryptopojken
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June 10, 2014, 06:46:22 PM |
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its a selling bot on stamp, its the same pattern as it was on gox at the end.
u should have ur btc ready there to sell just in case.
what does that even mean? that they're going under? in that case, why would you want to sell your btc there and not be able to withdraw? makes no sense dude
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JayJuanGee
Legendary
Online
Activity: 3724
Merit: 10303
Self-Custody is a right. Say no to"Non-custodial"
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June 10, 2014, 06:57:18 PM |
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Bitcoin is disappointing us negatively this week. The poll still seems rather bullish!
That's the problem, everybody is already loaded and have no spare FIAT to buy more. Actually I do have some spare, but I have spread them out from 450 - 550. Always helps to keep a bit of fiat for the sharp drops. As time passes, a large majority of people continue to acquire additional fiat, and then the question becomes how that person wishes to store the value of that fiat b/c the opportunity to buy BTC between $450 and $550 has passed and currently is NOT available. Accordingly, do we consider $650 to be a good value to store fiat in BTC, or do we believe storing fiat in some other investment vehicle or leaving it in fiat would be preferable? Each of us needs to decide for ourselves what is the best storage of that newly acquired fiat. Personally in the past several months, I have been putting my newly acquired fiat into BTC b/c currently, I consider BTC prices to be a good value as compared with other ways that I could store/invest that newly acquired fiat. Keeping it in fiat does NOT seem to be a very prudent approach in my current thinking. I am happy as long as I have more BTCs than to begin with. The remaining fiat is a bonus, if it drops I get more BTC, if it does not I have some fiat to burn. You and I may be engaging in a very similar practice. I invest in BTC with my spare fiat, yet I keep a reserve of fiat, just in case the price falls further. However, if you do, as you describe, buy more BTC as the price is going down, then over the last 4-5 months, the price had been going down a lot... therefore, there were a lot of opportunities to buy BTC. I ran out of some of my disposable fiat that was in my bank accounts and attempting to transfer at various times caused me to lose some opportunities. Also, some lump sums of fiat did NOT come to me until after the price had gone back up. So for example this week I had a lump sum of about $25k come in my direction. I can use about $20k of that to invest in BTC, or I could keep it in fiat or I could invest in something else. I choose to invest most of it in BTC b/c I believe that BTC prices are going to be going up some more in the near future.. maybe 1 week or could be later on in the year... either way, I am NOT expecting to get at the $20k that was invested into BTC until 1 or 2 years from now.. ... well, in BTC land, one or two years is an eternity, but anyhow, you get the point that my investment is longer-term rather than expecting an immediate turn-around of the investment.
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JayJuanGee
Legendary
Online
Activity: 3724
Merit: 10303
Self-Custody is a right. Say no to"Non-custodial"
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June 10, 2014, 07:00:53 PM |
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Someone is desperated about price going over $650 at Bitstamp now for a few days (and have a lot of coins).
We cant do much, just sit here and wait for jump or right time. Let's just hope it happens soon Me want actionz! I have a small sell pending. The swings are quite small but I am bored and want to make something. good luck with that... maybe I take back my previous comment and we are NOT thinking in the same terms.... but anyhow, you may be able to profit and trade in this current market. I personally believe thatit is NOT worth the effort.. and better to play long.. and maybe trade later... However, if you acquired your BTC at below $266, then maybe it does NOT matter too much to skim off a few profits here and there.. at this price or at $800... either way, it is profits.
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