Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16844.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: aesma on July 30, 2017, 12:28:30 PM

I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.

I figured I will stop lending and sit on the BTC to get the BCC, but seeing the high rates I couldn't resist. I might be wrong and be a loser in the end, still with half my coins on cold storage I won't lose everything. If BCC somehow replaces BTC I will probably get out of crypto anyway.

There will be other cryptos to take its place! ... I'm prospecting to diversify. Tongue

aesma

hero member

Activity: 2604

Merit: 961

fly or die

I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.

I figured I will stop lending and sit on the BTC to get the BCC, but seeing the high rates I couldn't resist. I might be wrong and be a loser in the end, still with half my coins on cold storage I won't lose everything. If BCC somehow replaces BTC I will probably get out of crypto anyway.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: aesma on July 30, 2017, 11:50:11 AM

I now have several BTC loaned on Poloniex at between 4 and 4.9999% daily rate.

5% being the max allowed.

Feeling a bit Jewish right now...

Looking back to the 'old world'. Cheesy

Feeling the pressure is magnificent!! Roll Eyes

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: aesma on July 30, 2017, 11:50:11 AM

I now have several BTC loaned on Poloniex at between 4 and 4.9999% daily rate.

5% being the max allowed.

Feeling a bit Jewish right now...

You don't need to be Jewish to take advantage of a situation and profit. Cheesy

I withdrew all of my BTC from Polo a couple of weeks ago, due to concerns being raised daily about their support/withdrawal issues and the recommendations of several trusted sources to move your coins to your control by August 1, just in case things go wrong. Also, I can now use my coins to claim free Byteball and BCC.
Just know, that POLO's policy will be to give free BCC to the person who took the loan and not the lender. May be why some people are willing to pay such outrageous rates to go long on bullshit. Guess they may think they have a hedge, now.

aesma

hero member

Activity: 2604

Merit: 961

fly or die

I now have several BTC loaned on Poloniex at between 4 and 4.9999% daily rate.

5% being the max allowed.

Feeling a bit Jewish right now...

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: drbrockcoin on July 30, 2017, 11:27:42 AM

Quote from: Last of the V8s on July 30, 2017, 11:18:58 AM

All aboard the gobbledygook train

https://cindicator.com/

Hybrid Intelligence for Effective Asset Management

Millions of decentralized financial analysts enhanced by AI

P$D SCAM???

Yup.

In other news, an interesting article https://www.coindesk.com/spv-support-billion-bitcoin-users-sizing-scaling-claim/

drbrockcoin

full member

Activity: 137

Merit: 100

For your listening pleasure, Fuck World Trade!

Quote from: Last of the V8s on July 30, 2017, 11:18:58 AM

All aboard the gobbledygook train

https://cindicator.com/

Hybrid Intelligence for Effective Asset Management

Millions of decentralized financial analysts enhanced by AI

P$D SCAM???

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

All aboard the gobbledygook train

https://cindicator.com/

Hybrid Intelligence for Effective Asset Management

Millions of decentralized financial analysts enhanced by AI

drbrockcoin

full member

Activity: 137

Merit: 100

For your listening pleasure, Fuck World Trade!

Quote from: JimboToronto on July 30, 2017, 11:00:53 AM

Good morning Bitcoinland.

It's bouncing up and down quite nicely with indecision in anticipation of Aug 1-4 I see... currently $2746USD (Bitcoinaverage).

Good for day traders I suppose. No dips deep enough for me to buy though.

So do you think we will see a significant price drop before the 1st of August? I think it may break ATH in the next 12 hours or so. And if that happens will it go crazy? or remain calm until the FORK?

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Good morning Bitcoinland.

It's bouncing up and down quite nicely with indecision in anticipation of Aug 1-4 I see... currently $2746USD (Bitcoinaverage).

Good for day traders I suppose. No dips deep enough for me to buy though.

drbrockcoin

full member

Activity: 137

Merit: 100

For your listening pleasure, Fuck World Trade!

Time for MOOON?
Cup and Handle pattern...

williamuk

member

Activity: 70

Merit: 10

Quote from: ?? on ??

In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over.

Unlikely to happen since Bitpay is part of the conglomerate (http://dcg.co/portfolio/) that controls Blockstream / Core. Whatever Bitpay do is likely to be in support of DCG and DCG / Blockstream / Core is behind the 1Mb constraint

It's one big centralisation effort presented as decentralisation. You've got to admire how well they've managed to mislead so many for so long.

hodl_2015

member

Activity: 371

Merit: 57

Quote from: fabiorem on July 30, 2017, 08:26:50 AM

Mp3 was not very popular at the time, there were no smartphones, no usb sticks.

And on my 486 CPU it took 16 hours to convert 1 hour of ripped WAV files to a stereo MP3. None of this real-time encoding 4k video from a cheap phone.

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: ?? on ??

Quote from: traincarswreck on July 29, 2017, 07:41:26 PM

Quote from: ?? on ??

Quote from: fluidjax on July 29, 2017, 05:41:58 PM

This should cheer you all up, some quality Game Theory Analysis of Bitcoin Cash.

https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-understanding-game-theory-f87858bf8791

TLDR: There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

and a coin with 1mb blocks forever has economic viability?

Yes it does. It would help us secure bitcoin's greatest use case: https://medium.com/@rextar4444/bitcoins-most-valuable-usecase-7f5c6e95be22

Whereas targeting the block size for some arbitrary optimal or maximum transaction capacity serves no founded argument.

Lots of holes on this article, it boils to down to keeping Bitcoin in a limited circle of people under the guise of "decentralization" ignoring advances in hardware and bandwidth. But 640kb ought to be sufficient for everybody right?

list of bs points:

Quote

Bitcoin As A Settlement System Scales Indefinitely
Bitcoin As Coffee Money Doesn’t Provide A Unique Service
Increasing Low Value Bitcoin Usage Doesn’t Necessarily Increase Its Value As Per Metcalfe’s Law
Bitcoin As A Coffee Money Doesn’t Scale

In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over.

Nobody cares about BitPay. In 5 years time BitPay will be forgotten.

aesma

hero member

Activity: 2604

Merit: 961

fly or die

Quote from: Asrael999 on July 30, 2017, 07:16:18 AM

Quote from: Dotto on July 30, 2017, 06:53:10 AM

https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

I don´t get the part of "stealing" segwit transactions. It sounds like bullshit, but Anonymint have a greater tech knowledge than me. Can some tech savvy user confirm it?

I think the arguement lies something along the lines of the following, overtime more and more coins would be held in segwit rather than in on chain addresses (as currently). This results in an incentive for a miner with sufficient hash power to fork Bitcoin again into a chain which no longer provides segwit functionality - they would then "spend" the segwit coin to themselves on their new chain - all those who had held their coin via segwit recorded transactions would lose their coin and there would be no recourse. It is assumed that this will happen as eventually the value of the coins held in segwit related accounts will be so big the economic incentive to do will be to big to ignore.

I fully admit my understanding here is incomplete/limited so I maybe misunderstanding or misrepresenting the argument.

That potential value doesn't exist if the fork is not followed. Like some here are repeating, cryptos are only worth what we want it to be worth. BCC might be worth something in the future, in part because it is done "the right way", BTC holders get BCC, no ifs and buts.

It's a hard fork but it's not screwing people.

The fork you're describing has as a goal to screw over millions of people. Why would those new coins be worth anything, who would put money in that shitcoin ?

rjclarke2000

legendary

Activity: 1358

Merit: 1016

Quote from: oda.krell on July 30, 2017, 09:33:01 AM

Quote from: rjclarke2000 on July 30, 2017, 09:27:54 AM

[...]

I believe that was not stolfi's whole quote. This is the original:-

"I will try and keep my negativism to myself.......except writing more pessimistic know it all shit on bitcointalk and Reddit for the next 2-3 years or so and I may also write a bullshit report to the SEC explaining what a ponzi untrustworthy so called asset bitcoin is. Apart from that I will keep my negativism to myself I promise. I wish that things turn out as well as possible for everybody and you all lose you bitcoins and burn in hell as you should have listened to me as I am a professor and you are all spotty scrubs living in your parent's basement."

jstolfi

Granted, stolfi was stubborn as hell, and his biases tended to cloud his (generally) informed judgments to the point where they became uninformed again. Still, I had some of the better discussions in here with him, so I for one miss the old geezer.

I believe he still posts on Reddit.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: rjclarke2000 on July 30, 2017, 09:27:54 AM

[...]

I believe that was not stolfi's whole quote. This is the original:-

"I will try and keep my negativism to myself.......except writing more pessimistic know it all shit on bitcointalk and Reddit for the next 2-3 years or so and I may also write a bullshit report to the SEC explaining what a ponzi untrustworthy so called asset bitcoin is. Apart from that I will keep my negativism to myself I promise. I wish that things turn out as well as possible for everybody and you all lose you bitcoins and burn in hell as you should have listened to me as I am a professor and you are all spotty scrubs living in your parent's basement."

jstolfi

Granted, stolfi was stubborn as hell, and his biases tended to cloud his (generally) informed judgments to the point where they became uninformed again. Still, I had some of the better discussions in here with him, so I for one miss the old geezer.

rjclarke2000

legendary

Activity: 1358

Merit: 1016

Quote from: PoolMinor on July 29, 2017, 07:14:28 PM

Quote from: JorgeStolfi on February 15, 2014, 08:39:55 PM

I will try to keep my negativism to myself. I wish that things turn out as well as possible for everybody...

Oh the good old days........

I believe that was not stolfi's whole quote. This is the original:-

"I will try and keep my negativism to myself.......except writing more pessimistic know it all shit on bitcointalk and Reddit for the next 2-3 years or so and I may also write a bullshit report to the SEC explaining what a ponzi untrustworthy so called asset bitcoin is. Apart from that I will keep my negativism to myself I promise. I wish that things turn out as well as possible for everybody and you all lose you bitcoins and burn in hell as you should have listened to me as I am a professor and you are all spotty scrubs living in your parent's basement."

jstolfi

FractalUniverse

hero member

Activity: 1034

Merit: 558

Quote from: ivomm on July 30, 2017, 01:15:31 AM

Jihan Wu dumped 3K bitcoin on bitfiniex in 5 mins. Only 1% damage. He will see what a real dump is on his BCC on 1 Aug Grin

does it mean he has some 10m dollars or maybe more sitting there, ready to buy/support/pump BTH? Shocked

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: r0ach on July 30, 2017, 04:55:11 AM

Why? Be the change you want to see in the world. In the words of right wing death squad leader Duterte:

This quote is the classic mindset of a Dictator. Exactly what Mussolini, Hitler, and Hussein thought. And what Maduro is thinking right now.

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