Topic: With BTC/BU fork around the corner, what would be a good hedge? (Read 1304 times)

I think I understand what is going on now.

You got me thinking. China wants to stop capital exodus to prevent strong dollar, weak yuan, as this is causing trade war friction.

Could they been wanting to smash the entire crypto-currency sphere, or it is enough for them to train wreck Bitcoin alone.

Would exchange hacks be coming, and perhaps a 51% attack against other altcoins?

That BU Chinaman talked about how they could afford to rent the GPUs to attack Ethereum (which means they could attack Monero also).

Non-sustained difficulty attacks wouldn't be as effective on Ethereum because it has a fast readjustment and Vitalik could HF as necessary (although afaik difficulty attacks can still be effective on fast readjustment, just need to cycle the attack more frequently). Vitalik is bold and could I bet HF to DPoS rapidly if he needed to.

Which tokens are already PoS? Steem. Lisk.

Haven't really thought this out...

there is very definitely something abnormal with the BU thing compared to previous big block attempts.

the stuff they're coming out with smacks either of people who know something the rest of us don't yet, or they've simply gone a little crazy.

Core and BU need to compromise to avoid a 51% attack but I don't know if they can put that cat back in the bag, given the outlandish statements made by key people in BU.

It really is hard to fathom how the former hardcore 21 million coin limit dudes are going to stomach a mining cartel which has every incentive to mine more than 21 million tokens.

I think the gravity of it all is just starting to hit the community in earnest today.

Yes but bitcoin will not implode. It will be drained of it's value. It will be interesting to know what whales will do. I think those that aren't miners will dump, and those that invested millions in farms may try to stop the flippening, while losing millions in the process. Some of them may lose everything.

uh, no. ltc has pretty much done nothing for years. it's also kinda linked to bitcoin in a way ethereum never will be.

i don't really believe any crypto is a hedge for bitcoin imploding myself.

GLHF (good luck, have fun)

Creative people are not fungible.

Open source is good at drawing in the creative people who have a mutual incentive on that body of code. But it doesn't mean that some xerox copied schmucks from Timbuktu can necessarily do that same work as the age ~52 programmer (who has been coding since age 13) who has had his head in blockchains for the past 4 years every waking hour.

No offense intended to any nationality or race (except those who deserve it).


The point was I needed to hedge so it doesn't decline. If I am going to take more downside risk then I need to pick the one with the most upside. The only other possible rational choice would have been LTC or XMR. XMR we already have. LTC's chart looks like it is not quite sure what it wants to do.

Also the BTC is not mine, so the more BTC I consume, the more premine I have to give to the angel investor. I am trying to keep the costs down.

I already live in a 3rd world country. My expenses are pretty low, but I mean I am age 52 with two kids. I can't deny certain basic expenses and I have also been paying for health care which I desperately needed.

You know teenage kids also seem to get themselves in trouble often, and that causes expenses. I've already minimized all.

Etc.

Sorry I just can't move to Africa and abandon all of my responsibilities.


He was shilling for ETH before. He basically seems to like any blockchain which seems fundamentally revolutionary and important.

The BTC flow started when ETH was around 30$. Below that the value raised mostly because of the EEA. I think the icos will have the least impact on price. The biggest impact will have these, not necessarely in this order: raiden, metropolis, and random positive news that seem to appear out of nowhere because these corporations/institutions will never officially announce they work on ethereum. Like United Nations (on their official site they dont explicitly say ethereum but the picture says it all):
https://insight.wfp.org/what-is-blockchain-and-how-is-it-connected-to-fighting-hunger-7f1b42da9fe#.ubr4yabrj
https://www.ethnews.com/the-un--capitol-hill-learn-all-about-ethereum
https://www.ethnews.com/the-world-food-programme-wants-to-recruit-ethereum-in-the-fight-against-hunger

It's weird that andreas antonopolous, a bitcoin maximalist, wants to talk at devcon 3@ethereum. What do you think of that ?

if you need more than $10k for the NXT 90 days ... for shelter ... bandwith ... and other ... = outrageous!
aka ... you can relocate if needed 

"I only have 10 BTC to survive on "

FUCK YAU!  welcome to open source.  I am goin to gauge that I can get Indians at half the cost, just so that their cousins don't die of diarrhea.

junkie i see you

come on let us killit with Acrilic stuff. period over.

boo yah!
fkn n000bs on the level!

the BTC v LTC = GLD to SLV ... still in play

Fair enough..

Am I not allowed to look at the chart and make a short-term gain?

I only have 10 BTC to survive on and no other income or assets. I can't mess around just because of my ideology.

I made my best appraisal of which high liquidity token was likely to outperform near-term, purely for speculative reasons.

DASH, Ripple were not open for consideration.

LTC's (and XMR's) chart looked less convincing to me.

My angel investor has some XMR, so no need for me to buy that (since the BTC I have is his anyway).

I still have 4 BTC.

I reiterated my technical reservations when I wrote about hedging to ETH. So I didn't capitulate on technological issues. I have however shifted to a less unrealistic stance on "immutability".

I also wrote that I hold ETH and STEEM because they are competitors to my project, so it is good to hedge against the (unlikely!) failure of my own. If I believe in the market for my project, then I should believe my competitors also are in the correct market. I see a lot of new projects coming out on Ethereum.

LTC? Any other honest coin that doesnt go against what you were preaching here for years? Lol? Not a 72 million premined, unlimited supply, no utility, not a store of value?

What are you advocating I hedge BTC with?



Perhaps you should read the entire post (not just what is quoted) also:

Are you seriously trying to pump ETH? Didn't you create the ETH paradox thread bashing it for months???

Trouble is, both Gold and Silver prices are rigged. So if LTC is silver to BTC being gold, they both might have the same fallout once the sh!t hits the fan.

BTC is the gold, LTC the silver. When gold fails go to silver