Bitmain announces plan to create altcoin if BIP148 succeeds

gentlemand

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Welt Am Draht

Quote from: tuapoma on November 07, 2017, 01:46:26 PM

hey guys!! the average Bitcoin transaction fee ($10.17) is now more than twice the cost of Bitcoin itself ($5) in 2011.

What a crock of runny shit. My last one with multiple inputs was still less than a dollar though I certainly was in no hurry. The highest I've ever paid was $20 and that had tens of inputs. Take your alt shilling out to pasture, ta.

tuapoma

sr. member

Activity: 437

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hey guys!! the average Bitcoin transaction fee ($10.17) is now more than twice the cost of Bitcoin itself ($5) in 2011. Nostalgia and inertia-fueled masochism: Using Bitcoin instead of DASH Digital Cash in 2017. Come on dudes, sub-penny transactions are fun!

great videos:
Dash sponsored Circus City in Bristol UK with Ed Rapley
https://youtu.be/_waMm5qmq9g

Dash Force News 3 Amigos Podcast E24 with Alex Werner from Dash Core: https://youtu.be/KP32FtnD1Q0

cheers

JamesAHurtado

newbie

Activity: 7

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I try to maintain neutrality and understand both sides, with the sole purpose of the long term success of bitcoin. But what I've seen lately is one side trying to compromise, while the other is doing everything they can to undermine that effort. Bitcoin is under the thumb of a tramp user, ignoring the entire development community and using secret mining techniques to destroy opponents. bitcoin and go read a book or something. It's entirely possible one or more will be so painful until a difficult change that you will not be able to move them fast enough. Angry

deisik

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English ⬄ Russian Translation Services

Quote from: DooMAD on August 06, 2017, 06:34:37 AM

Quote from: deisik on June 14, 2017, 01:42:31 PM

Quote from: DooMAD on June 14, 2017, 12:58:41 PM

Quote from: pokapeski on June 14, 2017, 12:15:05 PM

After thinking about it for not too long (and after cuddling in foetal position for some good 10 minutes realizing how consensus-less fanatics have provocked this abrupt awaken of a beutiful dream) by now I am cashing my BTC immediately.

I can see why it might seem like a good idea, but there if a potential to lose out doing it that way. Hodling in the event of a split means you get coins on both chains. Selling before the split means you have to buy back after the split and choose very carefully which chain you think has the best chance of survival. And if you take too long deciding, the fiat price may well recover to a level above the point that you panic sold.

It is obvious that you are not a (very experienced) trader (or not a trader at all)

Selling bitcoins before the split would be a wise decision any way you look at it. It is almost a certain that price will crash after the split (even if temporarily) or even before it (if it is really going to happen, due to insiders cashing out), so the risk is not worth it. If you don't know which camp to stick to, you can buy back both coins at cheaper price, and thus you would be better off overall than if you decided just to hold. I guess I won't have to explain where exactly your logic fails. It should be straightforward

So how did your expert trading experience pan out for you, deisik? If you weren't just talking a big game and actually sold your coins, you're now potentially looking at the prospect of having to buy back at a new all-time-high. I sincerely hope no one else followed your advice and lost out as a result. Panic selling has it's pitfalls and this is definitely one of them. There was no catastrophic plunge to sub $1000 prices like some were proclaiming would happen. Hodling isn't always a safe bet either, but it paid off this time

In fact, I turned out to be perfectly correct in my assumptions

I guess you should read my post again in its entirety to get better understanding of what I had actually written. In the case you missed it, I can repeat that specific part for you. As you can see, I wrote that "the price would crash after the split (even if temporarily) or even before it". Should I remind you that the price crashed below 1,800 dollars per coin a few days before the split? I don't think you can take just one part of my post and then claim me wrong. That would amount to cherry picking, as you should know. And no, I'm not looking to buy bitcoins (just in case, at any price, high or low), I'm buying litecoins whenever an opportunity comes up. I'm still rather pessimistic about Bitcoin long-term prospects

mindrust

legendary

Activity: 3276

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Quote from: gentlemand on August 06, 2017, 07:41:02 AM

If 2X actually happens in the way it's currently intended

2x is not intended to happen. Segwit was and it is done.

Quote from: gentlemand on August 06, 2017, 07:41:02 AM

then who's left to support a non 2X chain that doesn't feel it's ~~safe~~ less Jihan? I can't really think of anyone.

The people who wanted segwit but not 2x.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: alani123 on August 06, 2017, 06:52:12 AM

Is the next thing to watchout for the SegWit2x activation? Some have been speculating that it could create yet another fork but it's unclear of core developers would continue supporting a non2x chain if the vast majority of miners continues supporting 2x.

This is our next boogeyman.

I'm wondering who is going to stand up and be counted. Exchanges are tarts who'll list anything. It's safe to say Bitpay has dropped any pretence of being all that interested in preserving Bitcoin's principles. Coinbase have wavered over the years. Everyone else will follow the majority.

If 2X actually happens in the way it's currently intended then who's left to support a non 2X chain that doesn't feel it's safe? I can't really think of anyone.

alani123

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Activity: 2422

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Leading Crypto Sports Betting & Casino Platform

Is the next thing to watchout for the SegWit2x activation? Some have been speculating that it could create yet another fork but it's unclear of core developers would continue supporting a non2x chain if the vast majority of miners continues supporting 2x.

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

Quote from: deisik on June 14, 2017, 01:42:31 PM

Quote from: DooMAD on June 14, 2017, 12:58:41 PM

Quote from: pokapeski on June 14, 2017, 12:15:05 PM

After thinking about it for not too long (and after cuddling in foetal position for some good 10 minutes realizing how consensus-less fanatics have provocked this abrupt awaken of a beutiful dream) by now I am cashing my BTC immediately.

I can see why it might seem like a good idea, but there if a potential to lose out doing it that way. Hodling in the event of a split means you get coins on both chains. Selling before the split means you have to buy back after the split and choose very carefully which chain you think has the best chance of survival. And if you take too long deciding, the fiat price may well recover to a level above the point that you panic sold.

It is obvious that you are not a (very experienced) trader (or not a trader at all)

Selling bitcoins before the split would be a wise decision any way you look at it. It is almost a certain that price will crash after the split (even if temporarily) or even before it (if it is really going to happen, due to insiders cashing out), so the risk is not worth it. If you don't know which camp to stick to, you can buy back both coins at cheaper price, and thus you would be better off overall than if you decided just to hold. I guess I won't have to explain where exactly your logic fails. It should be straightforward

So how did your expert trading experience pan out for you, deisik? If you weren't just talking a big game and actually sold your coins, you're now potentially looking at the prospect of having to buy back at a new all-time-high. I sincerely hope no one else followed your advice and lost out as a result. Panic selling has it's pitfalls and this is definitely one of them. There was no catastrophic plunge to sub $1000 prices like some were proclaiming would happen. Hodling isn't always a safe bet either, but it paid off this time.

This should serve as a reminder to all forum denizens to weigh up the pros and cons, make decisions for yourselves and not just believe the hype and FUD without question.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: Lauda on July 06, 2017, 02:38:26 AM

Are you brain dead? DASH is a instamined MLM scam. Advertise that turd somewhere else.

Can you please explain to me what is the MLM part of it in your opinion?

I have already heard the instamine accusations but I haven't heard the MLM part, is there some kind of referral system there or like what?

Or are you just too attached to Bitcoin?

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: Lauda on July 06, 2017, 02:38:26 AM

the Jihancoin would be the actual Bitcoin and not an altcoin.

Of course, your emotionally-laden terminology is used merely as subterfuge. Nevertheless, if such captures the economic majority, then such is indeed entitled to the name of Bitcoin.

tuapoma

sr. member

Activity: 437

Merit: 250

Quote from: Lauda on July 06, 2017, 02:38:26 AM

Quote from: tuapoma on July 04, 2017, 10:03:23 PM

It's always good to remember, the DASH Digital Cash is the 1st true DAO in cryptocurrency, a decentralized self-funding and self-governing protocol allowing the perfect feedback loop to grow.

Are you brain dead? DASH is a instamined MLM scam. Advertise that turd somewhere else.

Quote from: mmortal03 on July 05, 2017, 10:06:49 PM

tuapoma, you're making some pretty convoluted arguments against what is the simple concept of segregating the witness, and using these convoluted arguments as some sort of weird advertisement for DASH, and to spite Bitcoin. I will now stop feeding the troll.

The troll deserves either a ban or a negative rating or both. People intentionally spreading false information should not be tolerated at any cost. The same applies for those that try to spread the idea that the privately mined Jihancoin would be the actual Bitcoin and not an altcoin. Roll Eyes

Lauda, you are a deplorable slanderer!!! miserable mischievous naughty cat!!! You're spreading false information! On the other hand, my theses are very well founded. You need to go study more about cryptocurrencies.

learn once and for all, there was no pre-mine in Dash!

Dash Instamine Issue Clarification:
Due to a number of questions about the so called Dash "instamine issue", the purpose of this document is to provide an official statement from the Dash team about this matter. Our intention is to provide Dash investors and users with information to help them understand the currency history and technical issues at the beginning of the project and draw their own conclusions on the impact.

Facts about the instamine:
1- There was no pre-mine in Dash
2- ~1.86MM first 24h, ~2.02MM first 48h according to https://chainz.cryptoid.info/dash/#@inflation
3- That represents approximately 10-15% of the total money supply that will ever be issued
4- This coin issue rate exceeded the published emission schedule by a wide margin

more details here: https://dashpay.atlassian.net/wiki/display/OC/Dash+Instamine+Issue+Clarification

Advice: the best wallet is the Dash Core v0.12.1.5
Warning: trust only in the dash.org website. DASH [DOT] ORG
Cool

tuapoma

sr. member

Activity: 437

Merit: 250

Quote from: deisik on July 06, 2017, 12:10:33 AM

Quote from: Vishnu.Reang on July 05, 2017, 10:42:14 PM

Quote from: deisik on July 05, 2017, 02:45:31 PM

Quote from: tuapoma on July 05, 2017, 02:20:48 PM

hey, deisik! why do you still invest in litecoin and bitcoin? The Litecoin is just a clone of bitcoin with some variables changed. The DASH is the 1st true DAO in cryptocurrency, a decentralized self-funding and self-governing protocol allowing the perfect feedback loop to grow

I've heard not very good things about Dash

It has been much hyped recently so it kinda looks that we should wait for a year or two to see how things are actually going to play out with this coin. In fact, I tried to use it as a value transfer vehicle in the past, and I can't say that the fees were cheap. Indeed, they might be not that high as Bitcoin fees, but they were still incomparable to what I have to pay when I transact with Litecoin. Further, I tried to sell a few Dash coins at Bitfinex, and there was literally no liquidity in the market. I placed my order first in the queue and had to wait long minutes for it to get filled. No one had been actually buying or selling anything, all movements were fake without actual trades. For me, as a trader, this is a telling sign that the coin doesn't have a lot of backup, so to speak, and thus should be avoided (at least, for the time being)

It is always quite hard to distinguish the "real" trade volume from the fake volumes. And trade volumes are inflated for a lot of altcoins, and not just for Dash. When Bitcoin regains its market dominance, most of these alts are going to crash badly

Well, this is not what I meant

I meant that the Dash orderbook looked as if there were massive trading going on, the price had been constantly changing up and down, but no actual trades were made (just orders placed and removed). That said, in general I agree with you. In fact, Bitcoin hasn't yet lost its market dominance at all, especially if we discard such bullshit metric as the so-called "market cap". But if things go from bad to worse for it, it will certainly lose this dominance, and Litecoin is going to take Bitcoin's place. Litecoin is likely already the number one currency in terms of traded coins (% of coins traded versus coins mined), that's why its price is not very high presently (we have discussed this issue before somewhere around here)

mr. deisik, a good suggestion, please watch this video:

Dash Plan To Become The First Mainstream Cryptocurrency
YOUTUBE https://youtu.be/hcpUcxtIVR8

Cool

tuapoma

sr. member

Activity: 437

Merit: 250

Quote from: Vishnu.Reang on July 05, 2017, 10:42:14 PM

Quote from: deisik on July 05, 2017, 02:45:31 PM

Quote from: tuapoma on July 05, 2017, 02:20:48 PM

hey, deisik! why do you still invest in litecoin and bitcoin? The Litecoin is just a clone of bitcoin with some variables changed. The DASH is the 1st true DAO in cryptocurrency, a decentralized self-funding and self-governing protocol allowing the perfect feedback loop to grow

I've heard not very good things about Dash

It has been much hyped recently so it kinda looks that we should wait for a year or two to see how things are actually going to play out with this coin. In fact, I tried to use it as a value transfer vehicle in the past, and I can't say that the fees were cheap. Indeed, they might be not that high as Bitcoin fees, but they were still incomparable to what I have to pay when I transact with Litecoin. Further, I tried to sell a few Dash coins at Bitfinex, and there was literally no liquidity in the market. I placed my order first in the queue and had to wait long minutes for it to get filled. No one had been actually buying or selling anything, all movements were fake without actual trades. For me, as a trader, this is a telling sign that the coin doesn't have a lot of backup, so to speak, and thus should be avoided (at least, for the time being)

It is always quite hard to distinguish the "real" trade volume from the fake volumes. And trade volumes are inflated for a lot of altcoins, and not just for Dash. When Bitcoin regains its market dominance, most of these alts are going to crash badly.

mr. Vishnu.Reang, study more about Dash! the DASH Digital Cash is the 1st true DAO in cryptocurrency, a decentralized self-funding & self-governing protocol allowing the perfect feedback loop to grow.

tuapoma

sr. member

Activity: 437

Merit: 250

Quote from: mmortal03 on July 05, 2017, 10:06:49 PM

tuapoma, you're making some pretty convoluted arguments against what is the simple concept of segregating the witness, and using these convoluted arguments as some sort of weird advertisement for DASH, and to spite Bitcoin. I will now stop feeding the troll.

mr. mmortal03, stop feeding litecoins, bitcoins and shitcoins and study more about Dash Digital Cash!!!

a good suggestion,
Ethereum Ran Into Two Problems Dash Long Since Fixed: https://www.dashforcenews.com/ethereum-ran-two-problems-dash-long-since-fixed/

Cool

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: tuapoma on July 04, 2017, 10:03:23 PM

It's always good to remember, the DASH Digital Cash is the 1st true DAO in cryptocurrency, a decentralized self-funding and self-governing protocol allowing the perfect feedback loop to grow.

Are you brain dead? DASH is a instamined MLM scam. Advertise that turd somewhere else.

Quote from: mmortal03 on July 05, 2017, 10:06:49 PM

tuapoma, you're making some pretty convoluted arguments against what is the simple concept of segregating the witness, and using these convoluted arguments as some sort of weird advertisement for DASH, and to spite Bitcoin. I will now stop feeding the troll.

The troll deserves either a ban or a negative rating or both. People intentionally spreading false information should not be tolerated at any cost. The same applies for those that try to spread the idea that the privately mined Jihancoin would be the actual Bitcoin and not an altcoin. Roll Eyes

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Vishnu.Reang on July 05, 2017, 10:42:14 PM

Quote from: deisik on July 05, 2017, 02:45:31 PM

Quote from: tuapoma on July 05, 2017, 02:20:48 PM

hey, deisik! why do you still invest in litecoin and bitcoin? The Litecoin is just a clone of bitcoin with some variables changed. The DASH is the 1st true DAO in cryptocurrency, a decentralized self-funding and self-governing protocol allowing the perfect feedback loop to grow

I've heard not very good things about Dash

It has been much hyped recently so it kinda looks that we should wait for a year or two to see how things are actually going to play out with this coin. In fact, I tried to use it as a value transfer vehicle in the past, and I can't say that the fees were cheap. Indeed, they might be not that high as Bitcoin fees, but they were still incomparable to what I have to pay when I transact with Litecoin. Further, I tried to sell a few Dash coins at Bitfinex, and there was literally no liquidity in the market. I placed my order first in the queue and had to wait long minutes for it to get filled. No one had been actually buying or selling anything, all movements were fake without actual trades. For me, as a trader, this is a telling sign that the coin doesn't have a lot of backup, so to speak, and thus should be avoided (at least, for the time being)

It is always quite hard to distinguish the "real" trade volume from the fake volumes. And trade volumes are inflated for a lot of altcoins, and not just for Dash. When Bitcoin regains its market dominance, most of these alts are going to crash badly

Well, this is not what I meant

I meant that the Dash orderbook looked as if there were massive trading going on, the price had been constantly changing up and down, but no actual trades were made (just orders placed and removed). That said, in general I agree with you. In fact, Bitcoin hasn't yet lost its market dominance at all, especially if we discard such bullshit metric as the so-called "market cap". But if things go from bad to worse for it, it will certainly lose this dominance, and Litecoin is going to take Bitcoin's place. Litecoin is likely already the number one currency in terms of traded coins (% of coins traded versus coins mined), that's why its price is not very high presently (we have discussed this issue before somewhere around here)

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: deisik on July 05, 2017, 02:45:31 PM

Quote from: tuapoma on July 05, 2017, 02:20:48 PM

hey, deisik! why do you still invest in litecoin and bitcoin? The Litecoin is just a clone of bitcoin with some variables changed. The DASH is the 1st true DAO in cryptocurrency, a decentralized self-funding and self-governing protocol allowing the perfect feedback loop to grow

I've heard not very good things about Dash

It has been much hyped recently so it kinda looks that we should wait for a year or two to see how things are actually going to play out with this coin. In fact, I tried to use it as a value transfer vehicle in the past, and I can't say that the fees were cheap. Indeed, they might be not that high as Bitcoin fees, but they were still incomparable to what I have to pay when I transact with Litecoin. Further, I tried to sell a few Dash coins at Bitfinex, and there was literally no liquidity in the market. I placed my order first in the queue and had to wait long minutes for it to get filled. No one had been actually buying or selling anything, all movements were fake without actual trades. For me, as a trader, this is a telling sign that the coin doesn't have a lot of backup, so to speak, and thus should be avoided (at least, for the time being)

It is always quite hard to distinguish the "real" trade volume from the fake volumes. And trade volumes are inflated for a lot of altcoins, and not just for Dash. When Bitcoin regains its market dominance, most of these alts are going to crash badly.

mmortal03

legendary

Activity: 1762

Merit: 1011

tuapoma, you're making some pretty convoluted arguments against what is the simple concept of segregating the witness, and using these convoluted arguments as some sort of weird advertisement for DASH, and to spite Bitcoin. I will now stop feeding the troll.

tuapoma

sr. member

Activity: 437

Merit: 250

Quote from: mmortal03 on July 05, 2017, 04:52:10 PM

Quote from: tuapoma on July 04, 2017, 10:03:23 PM

Quote from: mmortal03 on July 03, 2017, 05:05:31 PM

Quote from: tuapoma on July 03, 2017, 02:00:06 PM

Bitcoin, Forks, SegWit, DASH, Litecoin & What's Exciting in Crypto - Adam Meister:

https://youtu.be/yBBgQ3IwYqo

The Dash Digital Cash does not need a SegWit, a true cryptocurrency does not need a SegWit!

There are useful technical/cryptographic reasons for segregating the witness information. Please explain to us how the concept is irrelevant to DASH. I suspect many people here couldn't even say how DASH currently handles the transaction signatures, or how it deals with malleability issues.

Mr. mmortal03, the Dash Labs will create open-source hardware for long-term scaling. A main goal of Dash Labs will be to both advance and decentralize the production of cryptocurrency-specific hardware, benefiting not only Dash but the entire cryptocurrency space.
More details here: https://www.dashforcenews.com/dash-labs-third-dash-organization-headed-founder-evan-duffield-expands/

It's always good to remember, the DASH Digital Cash is the 1st true DAO in cryptocurrency, a decentralized self-funding and self-governing protocol allowing the perfect feedback loop to grow.

and more, the Dash Evolution has been designed as a scalable and user-friendly currency platform for mass adoption. Evan Duffield and Andy Freer of Dash Labs and Dash Core CTO, respectively have developed a roadmap for reaching this goal, and have provided a summary of this roadmap on Dash.org.
More details here: https://www.cryptocoinsnews.com/dash-reveals-roadmap-mass-adoption/

Advice: the best wallet is the Dash Core v0.12.1.5

Warning: trust only in the dash.org website. DASH [DOT] ORG

Wink

cheers

You didn't answer my question, all you did was post a generic DASH advertisement.

mr. mmortal03, the argument against segwit would be that dash tries to have its own scaling approach and segwit could take transactions away from that approach; the dash's instant transaction method is already a solution for transaction malleability and therefore segwit would not be necessary here.

please watch this video: Bitcoin, Forks, SegWit, DASH, Litecoin & What's Exciting in Crypto - Adam Meister

YOUTUBE https://youtu.be/yBBgQ3IwYqo

cheers Wink

tuapoma

sr. member

Activity: 437

Merit: 250

Quote from: unamis76 on July 05, 2017, 03:07:11 PM

Somehow this escaped me when it was posted. I'm willing to bet they wouldn't do this, if the majority wanted BIP148 they would just have to follow suit, otherwise they'd go down the drain financially and they cannot afford that risk. People usually forget this around here, but it is a fact. It's in their best interest to play ball with what the majority wants. They say so in the exact same post, but in other words.

Quote

We believe a roadmap including the option to adjust block size will serve users better so we expect it to attract a higher market price in the long term. The economic network will expand faster, and the winning odds will be higher in a highly competitive cryptocurrency market.

That's why it is extremely strange when recently people accused them and other big blockers of spamming the network "to prove a point". That's just counter-productive towards the goal they're trying to achieve...

mr. unamis76, the Dash Digital Cash does not need a SegWit, a true cryptocurrency does not need a SegWit!

Topic: Bitmain announces plan to create altcoin if BIP148 succeeds (Read 16962 times)