Analysis

[Miz4r]

Only reason ETH and Dash are this big right now is because of BTC fork drama, spooked crypto enthusiasts look for safety in what they perceive as the next best coin and plan to go back to BTC once the drama is over. 90% of people dabble in alts to increase their BTC stash, that's their one and only goal. And it only takes a small percentage of scared Bitcoin fans to inflate certain altcoins to huge bubble proportions. I'm not a Bitcoin maximalist, I'm sure a few altcoins will find their own niche in time, but right now they're simply way overvalued due to the Bitcoin drama.

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[wpalczynski]

Only reason ETH and Dash are this big right now is because of BTC fork drama, spooked crypto enthusiasts look for safety in what they perceive as the next best coin and plan to go back to BTC once the drama is over. 90% of people dabble in alts to increase their BTC stash, that's their one and only goal. And it only takes a small percentage of scared Bitcoin fans to inflate certain altcoins to huge bubble proportions. I'm not a Bitcoin maximalist, I'm sure a few altcoins will find their own niche in time, but right now they're simply way overvalued due to the Bitcoin drama.

Im talking about the danger of an alternative gaining more liquidity making it a better alternative for that very reason.  We still have a way to go for that to happen but the HF drama does not seem to be getting resolved at all.  Looking at coindance stats BU seems to be gaining ground against CORE.

https://coin.dance/blocks

[STT]

Well, market cap is still above 2013. https://blockchain.info/charts/market-cap?timespan=all

Still this is pretty nasty, and I hate to see money flow into ETH.

Why would you hate this, Im a supporter of all crypto currency.   One of these standards has to suceed or we are all subject to just government paper for the future and we know that ends up with the common people being poorer.
Its ETH or it goes back into dollars or some other normalised currency base where that user may never return.     Really if you believe in the whole deal behind crypto currency then you should be in favour of healthy competition, if ETH is achieving things then great.  If its a bubble or mis-allocation and hype then it'll fall over but this is also how people described bitcoin at first.    They saw no purpose, just speculation but Im not so negative on bitcoin as was at first glance and I hope ETH is making progress even if Im not in it.

BTC is stair stepping upto 1050 which should be some kind of marker for its progress.   I wasnt sure if it might reset to 850 which is longer term uptrend but the recent low was part of a channel to that trend so Im not sure if its done testing lows, watching Chinese trade might give more of a clue .

[Miz4r]

Only reason ETH and Dash are this big right now is because of BTC fork drama, spooked crypto enthusiasts look for safety in what they perceive as the next best coin and plan to go back to BTC once the drama is over. 90% of people dabble in alts to increase their BTC stash, that's their one and only goal. And it only takes a small percentage of scared Bitcoin fans to inflate certain altcoins to huge bubble proportions. I'm not a Bitcoin maximalist, I'm sure a few altcoins will find their own niche in time, but right now they're simply way overvalued due to the Bitcoin drama.

Im talking about the danger of an alternative gaining more liquidity making it a better alternative for that very reason.  We still have a way to go for that to happen but the HF drama does not seem to be getting resolved at all.  Looking at coindance stats BU seems to be gaining ground against CORE.

https://coin.dance/blocks

I don't care about the coindance stats, the community has already firmly rejected BU. Look at nodes and Bitfinex BCC/BCU pair to see what the community thinks. Or ask Andreas Antonopoulos, Nick Szabo, and many other experts who are against BU. There is no way miners can fork under these circumstances, it would be incredibly stupid. So they can signal whatever they want, it doesn't matter.

[Nosuglar]

Looks like that if we are very lucky it will go the way of IBM:
http://prnt.sc/ep7ib8

But my guess is that the idiots led by saboteurs will utterly destroy it and it will become just another old failed cryptocoin.

Intersting theory,but crypto is booming Bitcoin is still the biggest by far. It has the biggest community by far, huge mining farms, worldwide attention, investors have discovered it. It has the worldwide press on it, and adoption is still increasing. So Bitcoin will continue to grrow for a while if you ask me. Its the mother of crypto. If bitcoin fails, it is most likely that 80% of the altcoins are going with it.

yes, but
1. the divide and conquer black ops are repeated one after another, each time on a bigger scale /with more resources, and each time a large amount of (l)users fall for them line, hook, and sinker;

2. what's the point of having the best developers if you are vulnerable to cheap psyops?

3. Every day I read of some new KYC/AML regulation regarding bitcoins. The other day Bitstamp submitted to me an insane questionnaire about my coins ("How did you make them?" "Prove it!"). Looks like they may kill it by regulation.

4. Soon or later some actually better cryptocoin will be invented. Storing the whole history of all transactions does not look a so practical or cool thing to me for example, both regarding scalability and privacy.

Hi, Could you give any more references/info about your third point?

What does mean they submitted to a questionnaire? Could you withdraw at the end?

If not, could you at least withdraw your BTC?

Thx

[STT]

I don't care about the coindance stats, the community has already firmly rejected BU. Look at nodes

Bitcoin Canadian nodes release statement opposing bitcoin unlimited "We support the activation of Segregated Witness as an immediate solution to Bitcoin scaling and as a fundamental component of a long-term capacity increases roadmap."

https://medium.com/@francispouliot/canadian-bitcoin-economic-nodes-unite-against-bitcoin-unlimited-412786fb4bb6



So are we bullish on no hard fork or is this news already in the price?

[conspirosphere.tk]

Hi, Could you give any more references/info about your third point?

What does mean they submitted to a questionnaire? Could you withdraw at the end?

If not, could you at least withdraw your BTC?

Thx

Yes, they asked me a list of questions about how I came in possession of my coins. I answered, and then they performed the money wire that I requested, but warned me that they could ask me even more questions in the future. If you do a search here about Bitstamp you will see that it happened to many others.

Since I had just sold and asked a wire I guess that if I did not answer they would have forced me to buy back btc and withdraw that. I did not hear that they scammed anyone up to now, but still this AML paranoia together with the blockchain risks to kill bitcoin fungibility.

[RAJSALLIN]

Hi, Could you give any more references/info about your third point?

What does mean they submitted to a questionnaire? Could you withdraw at the end?

If not, could you at least withdraw your BTC?

Thx

Yes, they asked me a list of questions about how I came in possession of my coins. I answered, and then they performed the money wire that I requested, but warned me that they could ask me even more questions in the future. If you do a search here about Bitstamp you will see that it happened to many others.

Since I had just sold and asked a wire I guess that if I did not answer they would have forced me to buy back btc and withdraw that. I did not hear that they scammed anyone up to now, but still this AML paranoia together with the blockchain risks to kill bitcoin fungibility.

Happened to me as well last week. Totally normal KYC procedure imo. I'm not worried.

[gijoes]

Anything new from the master?

https://www.tradingview.com/chart/BTCUSD/AVRDIIr7-At-strong-support/

Selected area has a massive support including linear and log long term support trendline , daily ma200 and weekly ma20.

Also commented here (in Russian) https://vk.com/bitcoin_vanga:

Bullish wedge forming, let's see if Bitcoin likes it. Once $1120 is broken, next target 1300+, by the book. I'd like to add that a powerful logarithmic trend that's been forming for 1.5 years is currently boosting the support.

I don't think $1000 will be broken on a weekly timeframe. There is a lot of support gathering there: daily MA2000, weekly MA20, logarithmic and linear long-term trends.

[Rakete4]

Core should hardfork to another Algo and activate Segwit at the same time.
Who the hell needs Sha256-Asic farms. Any PoW algo is fine.
The sooner the better. The Sha256 Bitcoin would soon be irrelevant, and the new fork will take the name Bitcoin.

Bitmain CEO Jihan Wu and other miners are foes. They aren't even able to load up a 5 min. video of themselves on youtube and state why they mine BU. There is something shady going on and it should be ended with full force.

[wpalczynski]

Core should hardfork to another Algo and activate Segwit at the same time.
Who the hell needs Sha256-Asic farms. Any PoW algo is fine.
The sooner the better. The Sha256 Bitcoin would soon be irrelevant, and the new fork will take the name Bitcoin.

Bitmain CEO Jihan Wu and other miners are foes. They aren't even able to load up a 5 min. video of themselves on youtube and state why they mine BU. There is something shady going on and it should be ended with full force.

Its not as easy as that, mining cartel has stated they have 100 million dollars set aside to destroy the Core fork even if they adapt another algo.

[Millionero]

Core should hardfork to another Algo and activate Segwit at the same time.
Who the hell needs Sha256-Asic farms. Any PoW algo is fine.
The sooner the better. The Sha256 Bitcoin would soon be irrelevant, and the new fork will take the name Bitcoin.

Bitmain CEO Jihan Wu and other miners are foes. They aren't even able to load up a 5 min. video of themselves on youtube and state why they mine BU. There is something shady going on and it should be ended with full force.

Three chains instead of two.
What could go wrong?

[STT]

What the heck, why do they need to destroy anything.  Whats wrong with creating something superior and believing in capitalism.  If you dont believe in yourself and your product enough to think it will succeed then you have already lost, plans to destroy others just confirms your failure to everybody else.   If thats seriously their stated deployment for a new coin, its obvious to me they will not progress crypto currency.  Maybe they make a profit that way somehow, but its of no benefit to anybody else.

I always thought overly centralized hashing would be a negative, maybe their destiny is to prove that point.

[ImI]

Core should hardfork to another Algo and activate Segwit at the same time.
Who the hell needs Sha256-Asic farms. Any PoW algo is fine.
The sooner the better. The Sha256 Bitcoin would soon be irrelevant, and the new fork will take the name Bitcoin.

Bitmain CEO Jihan Wu and other miners are foes. They aren't even able to load up a 5 min. video of themselves on youtube and state why they mine BU. There is something shady going on and it should be ended with full force.

Its not as easy as that, mining cartel has stated they have 100 million dollars set aside to destroy the Core fork even if they adapt another algo.

And they have all the right to do so. If you invest in mining equipment it's obv your choice what to do with it. That's called free capitalism.

[Rakete4]

Can't stop it if it's only mineable by CPU. I doubt even they could stop a GPU-Algo. Too many GPU-rigs from Ethereum that will flip to mine the new Bitcoin chain. And they don't produce GPUs themselves, they would have to buy them from AMD. And AMD can produce only so many at a time.

[wpalczynski]

Can't stop it if it's only mineable by CPU. I doubt even they could stop a GPU-Algo. Too many GPU-rigs from Ethereum that will flip to mine the new Bitcoin chain. And they don't produce GPUs themselves, they would have to buy them from AMD. And AMD can produce only so many at a time.

100 million dollars buys a lot of GPU equipment.

[Miz4r]

Can't stop it if it's only mineable by CPU. I doubt even they could stop a GPU-Algo. Too many GPU-rigs from Ethereum that will flip to mine the new Bitcoin chain. And they don't produce GPUs themselves, they would have to buy them from AMD. And AMD can produce only so many at a time.

100 million dollars buys a lot of GPU equipment.

Drop in a bucket to the total amount of GPU equipment that would be ready to mine and secure the Bitcoin blockchain.

[wpalczynski]

Somehow I doubt that very much, do you have any numbers to prove your claim?  100 million is a lot of money they can throw at this war.

[infofront]

Somehow I doubt that very much, do you have any numbers to prove your claim?  100 million is a lot of money they can throw at this war.

Can you prove they'll actually blow $100 million to kill bitcoin? People say a lot of things.

[conspirosphere.tk]

Somehow I doubt that very much, do you have any numbers to prove your claim?  100 million is a lot of money they can throw at this war.

100 millions to seize a 20 billions' toy sounds like cheap.
And then you cannot concentrate large fractions of the total hashrate in the same place with GPUs.