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Author Topic: [ANN][Main] Bitcore- BTX - New coreupdate - Odarhom!  (Read 710114 times)
JollyGood
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August 13, 2018, 03:00:04 PM
 #18601

Bitcore team what do you think about FPGAs or ASICs on your algo?
Are you going to fork or not?

Regards

They said they wanted BTX to be ASIC resistant so no chance they will divert from the whitepaper.

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August 13, 2018, 05:06:53 PM
 #18602


Of course the block reward algorithm affects people's actions as far as speculation. You make a deflationary currency and of course people speculate on it rather than using it for its intended purpose. You need to do away with block halving, total supply sup, and lastly come up with an algo that is moderately adaptive but avoids the terrible feedback loops that have happened in the past. This is really the number one issue in crypto right now. The next is of course scaling but at the moment scaling solutions are available but Bitcoin maximalists are unwilling to change and thus the movement has been hijacked. You say that you don't want crypto to act as a currency but will you still be saying that after all major fiat currencies fail. It will happen and it is only a matter of time and math.

If by scaling solutions at the moment you mean blocksize increase, I certainly disagree and thank god bitcoin devs see it this way. But there is no way for anyone to convince the other. Thankfully, we can all choose the coin that fits our ideals best.

I actually wouldn't mind a perpetual increase in supply so long as it was just slow enough to cover the inevitable lost forever coins by those idiots that lose the keys or (I expect this to be a problem in the future) hodlers that simply die without sharing their keys.
I said it's not a problem presently because blovk reward is still decent.

If I expected fiat currencies to fail, I would probably expect crypto to replace them, but I don't expect them to fail. They serve the states and governments very well. They will continue to use them and bleed the people off their savings.

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August 13, 2018, 05:29:50 PM
 #18603

Bitcore team what do you think about FPGAs or ASICs on your algo?
Are you going to fork or not?

Regards

They said they wanted BTX to be ASIC resistant so no chance they will divert from the whitepaper.
Brother, yes, no one will ever made up with the release ASIC for a mining the Timetravel algorithm and mining Bitcore. Because it is not needed by anyone. Till.

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August 13, 2018, 06:57:41 PM
 #18604




That is the problem with trends. Nobody can estimate when the bounce will happen to recover from the drop. The market recently has been dropping and it worries plenty of people including myself.

What makes you there will be another massive drop before recovery starts? Another big drop will damage invesstor confidence even more so rather than see a drop in one go I would prefer it if that same drop happened over a period of several days instead of a few hours.

There’s so much manipulation in bitcoin and crypto in general that it’s hard to make educated guesses.  I’m going with gut feeling right now so I could be wrong.  


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August 13, 2018, 07:02:50 PM
 #18605

Bitcore team what do you think about FPGAs or ASICs on your algo?
Are you going to fork or not?

Regards
Right now, I think there are not many coins use same algorithm as Bitcore, so there is less possibility to invent a completely new ASIC miner for BTX. And inventing a new ASIC miner will be really expensive, Bitmain won't do that I think.

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HardFireMiner
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August 13, 2018, 07:44:38 PM
 #18606

What happened to BTX twitter? https://twitter.com/Bitcore_BTX ?

My negative trust comes from gmaxwell and Lauda, it was given to me for spreading the word about Bitcoin SV. Do your due diligence before making conclusions.
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August 13, 2018, 08:11:21 PM
 #18607

What happened to BTX twitter? https://twitter.com/Bitcore_BTX ?

the same thing that happened to BTX
den_penta
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August 13, 2018, 09:54:40 PM
 #18608

As I see:

nothing happens with BTX from the end of June if we will measure it in Ethereum. +/- the same 0.004ETH per BTX

Of course it is not good news but it's not bad news IMHO.
Sort of robustiness.
And main conplain here is not about BTX but about whole market itself.
If ETH goes cheaper in fiat -> i just buy more ETH and convert it into more BTX.
My fiat costs goes lower but risks stays ~ the same (as whole crypto-market).

gwestcot
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August 14, 2018, 02:42:45 AM
 #18609


Of course the block reward algorithm affects people's actions as far as speculation. You make a deflationary currency and of course people speculate on it rather than using it for its intended purpose. You need to do away with block halving, total supply sup, and lastly come up with an algo that is moderately adaptive but avoids the terrible feedback loops that have happened in the past. This is really the number one issue in crypto right now. The next is of course scaling but at the moment scaling solutions are available but Bitcoin maximalists are unwilling to change and thus the movement has been hijacked. You say that you don't want crypto to act as a currency but will you still be saying that after all major fiat currencies fail. It will happen and it is only a matter of time and math.

If by scaling solutions at the moment you mean blocksize increase, I certainly disagree and thank god bitcoin devs see it this way. But there is no way for anyone to convince the other. Thankfully, we can all choose the coin that fits our ideals best.

I actually wouldn't mind a perpetual increase in supply so long as it was just slow enough to cover the inevitable lost forever coins by those idiots that lose the keys or (I expect this to be a problem in the future) hodlers that simply die without sharing their keys.
I said it's not a problem presently because blovk reward is still decent.

If I expected fiat currencies to fail, I would probably expect crypto to replace them, but I don't expect them to fail. They serve the states and governments very well. They will continue to use them and bleed the people off their savings.

Well, Lightining Network will be a catastrophe so I would welcome a blocksize increase far sooner than I would welcome a more centralized solution that also requires people who run gateways to adhere to MSB regulations.

Well this sentiment has almost no basis in economics at all. Literally people only speculate because of block halving, total supply cap, and the thought that more people will be interested later down the line. I have an algorithm for block reward that is far better. It is both front loaded and fairly dynamic in nature. By front loaded I mean it allows more currency introduction early on in a chain but then it balances out a few years down the line to try and simply offset demand. It isn't perfect but that is by design since if you try to make it perfect it will open it up to bad feedback loops and black swan events. But I 100% have confidence that it is better than no counterweight at all like in the case of Bitcoin.

Well not so fast. Fiat currencies fail all the time and I'm pretty sure the government never wants them to. The problem is that the currency is tied to debt and debt levels are spiraling out of control in most countries but particularly western nations. Fiat currencies will definitely fail within the next 10-15 years due to them being tied to debt and thus inevitable hyperinflation.   
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August 14, 2018, 02:51:45 AM
 #18610

I am still puzzled but will find some information about it
 Shocked
Vlad2Vlad
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August 14, 2018, 04:11:06 AM
 #18611


BTX at $1.18 now.  Like I said, another leg down for bitcoin and alts.  It’s gonna much uglier before it gets better.  I can see BTX maybe even hitting $.50.  Hang in there if you’re a believer. 

iXcoin - Welcome to the F U T U R E!
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August 14, 2018, 07:26:03 AM
 #18612

What happened to BTX twitter? https://twitter.com/Bitcore_BTX ?

No answer to this still? Hm

My negative trust comes from gmaxwell and Lauda, it was given to me for spreading the word about Bitcoin SV. Do your due diligence before making conclusions.
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August 14, 2018, 07:42:13 AM
 #18613


BTX at $1.18 now.  Like I said, another leg down for bitcoin and alts.  It’s gonna much uglier before it gets better.  I can see BTX maybe even hitting $.50.  Hang in there if you’re a believer. 

Ya I mean if it breaks below 5800 then the bottom is much much further down. So far I am right Vlad. Called it when the bubble burst that the recovery would take until maybe early to mid 2019 to start. Maybe at the earliest Q4 of this year.
Dr_Victor
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August 14, 2018, 09:17:14 AM
 #18614

Could anyone tell me what to do to get my BTX from old winter wallet?

yobit.net is banned from signatures
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August 14, 2018, 09:42:23 AM
 #18615

Could anyone tell me what to do to get my BTX from old winter wallet?

Which winter wallet?  Shocked
jackbox
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August 14, 2018, 10:30:48 AM
 #18616

What happened to BTX twitter? https://twitter.com/Bitcore_BTX ?

No answer to this still? Hm

It would be nice to see the devs step in and explain what is going on. There seems to be no end to this freefall. I am a holder and so far the ride has been exciting but not fun.

Buy a Trezor and Protect your BTC, BCH, BTG, DASH, LTC, DGB, ZEC, ETH and ETC from hackers.
If I was helpful please buy me a coffee BTC: 1DWK7vBaxcTC5Wd2nQwLGEoy8xdFVzGKLK  BTG: AWvN1iBqCUqG2tEh3XoVvRbdcGrAzfBBpW
If I was helpful please buy me a burger DGB: DLASV6CUQpGtGSyaVz5FYuu5YxZ17MoGQz
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August 14, 2018, 10:56:24 AM
 #18617

What happened to BTX twitter? https://twitter.com/Bitcore_BTX ?

No answer to this still? Hm

It would be nice to see the devs step in and explain what is going on. There seems to be no end to this freefall. I am a holder and so far the ride has been exciting but not fun.

On 10th of August, they had this post https://www.facebook.com/Bitcore.Coin/photos/a.1676517762358881.1073741829.1675914545752536/2041061762571144/?type=3&theater on Facebook, linking to Bitcore_BTX twitter, four days later, their twitter gone. I am afraid something again happened and we are not yet aware.

My negative trust comes from gmaxwell and Lauda, it was given to me for spreading the word about Bitcoin SV. Do your due diligence before making conclusions.
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August 14, 2018, 10:59:07 AM
 #18618

What happened to BTX twitter? https://twitter.com/Bitcore_BTX ?

No answer to this still? Hm

It would be nice to see the devs step in and explain what is going on. There seems to be no end to this freefall. I am a holder and so far the ride has been exciting but not fun.

On 10th of August, they had this post https://www.facebook.com/Bitcore.Coin/photos/a.1676517762358881.1073741829.1675914545752536/2041061762571144/?type=3&theater on Facebook, linking to Bitcore_BTX twitter, four days later, their twitter gone. I am afraid something again happened and we are not yet aware.

That is very worrisome.  Cry

Buy a Trezor and Protect your BTC, BCH, BTG, DASH, LTC, DGB, ZEC, ETH and ETC from hackers.
If I was helpful please buy me a coffee BTC: 1DWK7vBaxcTC5Wd2nQwLGEoy8xdFVzGKLK  BTG: AWvN1iBqCUqG2tEh3XoVvRbdcGrAzfBBpW
If I was helpful please buy me a burger DGB: DLASV6CUQpGtGSyaVz5FYuu5YxZ17MoGQz
Cristopherus
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August 14, 2018, 11:03:39 AM
 #18619


BTX at $1.18 now.  Like I said, another leg down for bitcoin and alts.  It’s gonna much uglier before it gets better.  I can see BTX maybe even hitting $.50.  Hang in there if you’re a believer. 

Ya I mean if it breaks below 5800 then the bottom is much much further down. So far I am right Vlad. Called it when the bubble burst that the recovery would take until maybe early to mid 2019 to start. Maybe at the earliest Q4 of this year.

With what's happening around the social media lately, i guess you're right...
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August 14, 2018, 11:39:46 AM
 #18620

Such time of panic is very good to just catch errors and psycho sales.
Small amount with order way bellow real price can bring you easy $.

Shitcoins can be extremely volatile in this time also.
Just for ex.:
https://coinmarketcap.com/currencies/dimecoin/#charts
you can make x2 in minutes (0.00012 -> 0.00023).

BTX volatility between 0.005ETH and 0.0036 bring me some BTX from Bit-Z.
Why not to use it?
Of course ONLY if you can loose it all  and drink whisky after all with pleasure Grin

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