All posts made by Qartada in Bitcointalk.org's Wall Observer thread
1.
Post 18634725 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.08h):
I think an underlying vulnerability in the exchange ecosystem right now is Tether, specifically its legality under banking laws in the various countries where exchanges are established and using Tether. Pegging an electronic token to the USD as a service to depositors is about as close as you can get to a bank without actually being a bank.
tether is simply irrelevant because it is not being uses as much as you think it is. the volume that it has indicates it very well.
this is a new thing that i have been seeing you and a couple of rather newly created accounts are saying! and honestly i can't see how we can even start talking about USDT while there are a lot of other things wrong with these platforms that are much bigger.
I don't know why you think that but according to
coinmarketcap it has the fourth highest trading volume, only after Bitcoin, Litecoin and Ethereum. It's responsible for about 4% of the total.
Plus it would have a much stronger effect on certain exchanges - namely Poloniex and Bittrex. This could have a chain reaction of panic on other exchanges, and combined with Bitfinex seemingly fucking everything up it could be much worse.
2.
Post 18685309 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.08h):
Good morning Bitcoinland.
I see we're still slowly creeping up... currently $1244USD (Bitcoinaverage) after briefly passing $1250.
Conquering $1250 for good could take a few days. Gold is also creeping upward but not as fast as Bitcoin.
Nice to see Stamp holding its own and slowly rising despite the obvious fairly large chunks being sold, probably by people who have bought at Finex in an attempt to get their money out.
Slow and steady wins the race.
It's not really slow and steady, it's just slow by Bitcoin's standards. We're definitely not conquering $1250 for good, it's quite unlikely we've even conquered $1000 for good because we can't foresee the future.
What we can see though is that this is unnatural growth and it's not going to keep going. It's going to fall soon enough.
3.
Post 18685902 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.08h):
What we can see though is that this is unnatural growth and it's not going to keep going. It's going to fall soon enough.
Nonsense. Wishful thinking will get you nowhere.
I'm sorry you missed the chance to buy while they were in triple digits.
It's not too late to get them while they're still cheaper than ounces of gold.
Haven't we been hearing this since before $300?
Sour grapes and all...
You've taken it out of context. I didn't mean to imply that Bitcoin would fall so dramatically that it wouldn't recover, that it would fail or even that we're moving into a bear market. I was just saying that when there's growth this quick with no serious positive events to cause it, it's reasonable to think that at the very least there will be a serious correction before it keeps moving forward.
Bitcoin is in a bull market but that doesn't mean there haven't been giant fluctuations in that time.
4.
Post 18692489 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.08h):
Bitcoin is neither over-bought nor overvalued.
If the purpose of bitcoin is to be decentralized, then it's value should probably be zero due to the following:
creating a "decentralized" currency is probably not even possible without the ability to make something like decentralized captchas where mining requires manual human intervention, otherwise it's just externalized proof of stake in practice - a Rube Goldberg machine that doesn't solve anything. If you can extract money from people simply by amassing a large amount of capital and using that advantage against them making it where they can't compete or they're forced to buy from you, that's called rent seeking usury, not decentralization.
This then goes back to the Warren Buffet argument about gold where he claims it's stupid for economics to be dictated by people digging something up from the ground then putting it back into the ground again (vault). It would be kind of the same with decentralized captchas/puzzles - people mindlessly staring at a screen all day doing nothing productive except solving a captcha for money. In both cases (gold mining and captcha based bitcoin mining) you're spending time and resources in a mostly unproductive pursuit.
Current ASIC Bitcoin mining puts this process on cruise control, but the mere fact that it's on cruise control means it's just plain old rent seeking usury in practice and solves nothing in terms of economic monopoly. Bitcoin is currently designed as a usury system for men to have control of other men as slaves. It's externalized proof of stake - a closed entropy system in practice PRETENDING to be open entropy.
It's not stupid for economics to be dictated by an asset. That's just protection against an inflationary currency.
Gold is dictated by its value as a scarce resource - with fiat currency, any amount of it could be created at any time, whereas with gold, the supply is moderately predictable which rightly gives people a sense of stability.
Bitcoin is similar, while also being decentralised which gives it intrinsic value as a safe digital asset, as well as having additional benefits like being infinitely divisible and safer to hold as it can't be directly stolen if you store it properly.
5.
Post 18695367 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.08h):
...what on earth just happened? started dropping (stamp) about 6 hours ago, the nose dive 2 hours ago, dropped 40 bucks total and not a mention here?
I think this is part of the drop I was talking about yesterday, which some ultra-bulls didn't agree with. Clearly there are some weak fundamentals right now and Bitfinex will make them worse.
We might keep going a little bit further up but I would expect a drop to $1150 or lower within a couple of weeks before a sustained rise.
6.
Post 18725926 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.08h):
Do we even have bottoms any more? I can't really recall seeing a juicy one for quite some time. Maybe I'm not looking close enough.
There are some little ones, like the recent dip to about $1200. But to profit from the bottoms recently, you'd have to be some kind of mental day trader with zero patience and a package of 400 trading bots. Still, the period of stability hasn't been a really long time. Could always change soon.
7.
Post 18775185 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.08h):
I like to see the price stabilizing above $1300 and slowly walking towards $1350. At the same time itīs not going up too much fast by now so there seems to be no danger of bubble at least for now.
Nah, it's a bubble. I know I look like I'm running around spreading FUD everywhere, but I don't have enough money in Bitcoin to have a decent incentive to do that. I just think that people would be much safer if they're either holding for the long term or selling soon so that they can buy back in at the inevitable drop to under $1200, whenever that happens.
8.
Post 18821004 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.08h):
Good morning gentlemen, $1360 is nice to see when checking the price today. We're moving in the right direction right now, hopefully it's only a matter of time until we break into the $1400's.
On some exchanges we already have. It's super weird how GDAX is already into the $1400s - it's really hard to tell where the price actually is, we'd have to consider one exchange at a time.
9.
Post 18870153 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.09h):
the spread on exchanges is insane right now.
i'm treating stamp as the real price as always.
The Coindesk BPI is pretty reasonable. Google is off the rails (probably considering Bitfinex) and Coindesk is nice when you don't want to pin yourself down to one exchange.
10.
Post 18873080 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.09h):
What a shit show. We are crashing a hundred bucks a minute, all the way down to 1500!!! PANIC! EVERYONE RUN AROUND!
It's alright, looks like the dump has stopped. Possibly just a bear trap or a whale unloading some coins. We're back up to $1514 (Coindesk BPI) from $1486.
11.
Post 18884930 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.09h):
The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
I am thinking the same thing. Bitfinex price had to rise and everyone followed.
With Bitcoin finding the price point is difficult. Nobody knows what it is worth so you just go with the flow.
The main thing to keep it from jumping to 1 million is that there are 12.5 BTC created every 10 minutes. There is at least some price limiter from miners.
I believe that most miners are smart enough to hold off on selling during a rally. Though they have bills at the end of the month that they can only hold back on so long.
With a block every ten minutes, there would be around 650,000 Bitcoin created per year at the current 12.5 Bitcoin block reward, meaning that the inflation rate is 4% at most. Even though it would take much less Bitcoin than that to destroy the exchange rate, it's not going to be a significant limiter on the price when investors are actually getting involved.
12.
Post 18911769 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.09h):
Bitcoin Is Less Volatile than the Euro:
https://fee.org/articles/bitcoin-is-less-volatile-than-the-euro/ ; don't invest in Euro more than you can afford to lose. Oh how the tide is turning.
3rd day of consolidation in mid-$1500s... currently $1546USD (Bitcoinaverage).
I think that a lot of people thought it would heavily correct itself and thus also sold at the bottom. That's one of the reasons why this thread is quite. Consolidation at this price is very optimistic IMO. Now if miners/pools were to activate SegWit we'd probably see a very sharp rise within the year:
https://twitter.com/ViaBTC/status/860933165002522625Volatility in Bitcoin is a myth anyway. Fiat has only been less volatile so far because of their control from governments and banks, but decentralised systems with a limited supply are only as volatile as the amount of people that buy and sell it regularly.
If the liquidity of Bitcoin exchanges rose, the volatility would decrease to be less than most fiat currency. It's inherently more stable than fiat in the long term.
13.
Post 18926026 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.09h):
Pay the real fees ?
Fees are
VARIABLE.Use a true wallet, one that it calculates the real fees ... when you emit.
There's no "real" fee. Miners don't actually need fees yet - their revenues would be extremely high with the block reward anyway. Fees and rising prices are what's causing a spiralling and pointlessly high amount of miners.
Fees should only be necessary for miners to treat your transaction as priority, not for them to accept your transaction at all. That can change when the block reward decreases enough relative to the price, but right now fees are just a market.
14.
Post 18937029 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.09h):
Top 3 assets doing better than Bitcoin & trading against the hurricane.
Bitbay in particular is probably the most undervalued asset on the planet right now, so nobody wants to dump it
(P.S. Ratios are against BTC, not $USD).
Steem isn't really "trading against the hurricane" at all. It's just that the very sharp drop in price that it's having isn't more than the huge pump it had very soon before that yet.
15.
Post 18958884 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.09h):
flash crash activated?
Yeah, crash of like $5. Kwukduck's dream has basically come true
.
Remember when going up $50 in one day was special?
Bitcoin's growth is cumulative from our point of view. Naturally we look at it as a percentage rather than an amount, so going up $50 in one day is only special if that's a particularly high amount of the total, which it's not.
16.
Post 19021365 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.09h):
What I hear in conversation when Bitcoin price is low: "You're still doing Bitcoin stuff? Didn't Bitcoin die last year?"
Text messages I get when Bitcoin is at an ATH: "Hey do you think now is a good time to buy Bitcoin? How much should I buy?"
People are so dumb. Everyone espouses the oversimplified "buy low, sell high", but whenever people are actually trying to put it into practice they just ignore the prospect. The option for them to buy Bitcoin is always right there in front of their face if they just researched the technology instead of looking at the short term price.
17.
Post 19036674 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.09h):
At the 1st ETF btc fall 1350 to 850, 450$ lower.
So could we expect 1300$ this time ?
The price didn't drop that far for any reasonable amount of the time. Very soon after it was hanging around $1100 again - I think people just attached far too much importance to a barely relevant event, especially considering there was nearly no chance of it being approved anyway.
This time the chance of it being approved is as close to zero as it could possibly be and even traders, as stupid as some of them are, will notice this. It won't have much of an effect on the price at all.
18.
Post 19043741 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.10h):
I can feel the hatred of XRP among the bitcoin zealots here. One day they will learn, that a fixed supply currency that's value is based on artificial scarcity, won't have a very successful future
Nor will a banker's currency attempting to imitate a cryptocurrency despite the centralised supply and existence of pegged tokens. I'm no "Bitcoin zealot", but XRP is irrelevant to how Bitcoin does. It's not a cryptocurrency and even its market cap is nowhere close to Bitcoin.
19.
Post 19051084 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.10h):
look, there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC, so diversification makes sense
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we?
Depends when you're diversifying. If you're doing it now that the market has just rose a million times over, you're probably an idiot. If you diversified a month ago when the altcoins' caps were dramatically less, you were probably pretty clever.
Obviously if the Bitcoin price goes up dramatically in a year you'll be laughing at people who diversified even at the right time, but that wouldn't mean they were wrong to do so. The actual risk:reward ratio of keeping all your money in Bitcoin might have been terrible.
20.
Post 19054693 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.10h):
This is pissing me off. I didn't mind when it was 220 satoshi/byte or so, but this is a step too far. Any transactions under $10 equivalent or so are completely impractical because of the fees that you have to spend and the fees that the receiver has to spend in the future. Any transactions below $500 equivalent or so still have large fees compared to VISA. Bitcoin is not a millionaire club.
Even arguments about the size of the transaction are meaningless now. The smallest transactions you could do still have a fee of >$1.
21.
Post 19128314 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.10h):
Good morning Bitcoinland.
Another day, another ATH, another $100 correction, another bounce back... currently $2009USD (Bitcoinaverage).
Gotta love these regular corrections as we go. They're not deep enough to be buying opportunities but just deep enough to let us know it's not a bubble.
Go Bitcoin go.
exactly. Cant wait for SegWit on btc in august.
Are you sure? why august?
The User Activated Soft Fork (UASF) is planned for the first of August. Either miners will have agreed by then or the users will pressure it through with a split and miners will end up switching to the SegWit chain.
22.
Post 19129260 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.10h):
BTC-e above Bitfinex
Where did you get that info from?
BitcoinWisdom is showing Bitfinex at $2020 with BTC-E at $2000.
Considering that Bitfinex has problems with deposits
and withdrawals of fiat while BTC-E just has problems with deposits of fiat, I would expect the price on BTC-E to remain consistently lower than the price on Bitfinex.
I
am surprised that they're that close though.
23.
Post 19142796 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.10h):
Even weirder, the BTC-E price is actually higher than the Bitfinex price. Not a good sign IMO - the price is going up too fast for arbitrage and sentiment about exchanges to even out these gaps.
24.
Post 19222755 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.11h):
All of the top 20 coins are down more than 20% in the last day.
The lesson is: stop convincing yourselves that it's the new normal every time there's a dramatic rise in price. If it's really quick, it's probably a mini-bubble.
Also, buy when there's blood in the streets.
25.
Post 19262811 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.11h):
I hope that Segwit+2MB gets enough support to finally end this absurd war. At this time it looks as the only non contentious alternative. I don't like the idea of non unanimous hard forks, nor UASF. Whatever is supported by an almost unanimous majority is ok to me at this time (Well, except BU/EC as I am totally against it).
Seemed like a decent compromise to me. Core programmers snubbing it was disappointing.
Agreed, the total lack of ability to make a compromise, even one that doesn't seem to have big drawbacks is disappointing.
So, no comment from anyone at Core at all. Is it totally dead in the water?
If Core is invited into the discussion to merely rubberstamp an agreement, then why should they participate more?
They are not going to agree to a hardfork, so why come up with an agreement that involves a hardfork.. and if there is a hardfork, that means a change in governance.. why would they participate in that? Core members say these kinds of things, but no one seems to want to hear them, and act as if they are not responding and come up with some kind of supposed compromise that include "no go" and unnecessary terms.
A hard fork wouldn't necessarily require a change in governance. It could easily be implemented by the Core team, and I would personally feel more secure if it was.
Their incentives to avoid a hard fork aren't really to do with power, more to do with what their preferred method of scaling is (offchain scaling combined with a fee market on the chain, from what I can gather).
26.
Post 19280988 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.11h):
Now I feel foolish, traded the top of the BTC/ETH bubble, now a big dive on polo.
... don't buy ETH.
FTFY
ETH is already at 20 billion marketcap
This will be a complete bloodbath once people realize that no real use cases for ETH exist...
Care to elaborate? I can already set up a smart contract online via blockchain. But yes, many of the ideas are works in progress. Point being, people can visualize the implementation of the ideas. Apple became extremely successful after suggesting an idea of a smartphone before delivering it.
There are already cryptocurrencies, like Byteball, which are offering actual use cases for smart contracts. Oracles, for example, can base a smart contract on several different events such as the outcome of a sports event. For trustless escrow, smart contracts have many use cases, but ETH have not implemented them properly.
A lot of money from ETH will flow into Bitcoin as the ICO hype dies down. This may be quite a bit later in 2017, but it'll happen sometime - most of these blockchain applications are just ploys for money in an ICO, and they have no reason for a new token.
I can see the Bitcoin price rising when this happens considering just how significant ETH has become now in terms of hype and price.
27.
Post 19287096 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.11h):
and whatever happens bitcoiners should let go of the idea of bitcoin being it.
it's a big old world with more ideas and agendas than we can guess at.
javascript:void(0);
Completely, and totally disagree. For the world to have a universally accepted form of money that crosses borders, it would need to ideally consolidate on one. The world will never universally accept 1000 different forms of payment (money) as all being equally valuable.
Cryptocurrencies are in the innovator phase. We're in a very small minority of people who own Bitcoin or altcoins, and many people that do are not in it for the "spending" aspect of it.
Bitcoin is an amazing technology. Sometimes we can be blinded by that and get too sentimental - after that technology is created, someone else can build on that, and again and again and again.
Some day I do believe that there
will be a largely accepted form of payment which bears resemblance to the Bitcoin we know today. Ether won't be that currency - it's still not there yet and it's not even designed to be a currency. Not to mention the fees, which are now still too high for small casual transactions (around ten cents or so for "gas").
Either Bitcoin will be that currency (in which case it'll require a lot of development and has a long way to go) or something else will be. In the meantime, there's going to be a lot of competition and we shouldn't pretend it's all worthless.
[Insert generic price speculation to avoid removal of post]
28.
Post 19346893 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.11h):
I tried to see what people saw in ETH. I just couldn't. I still can't.
and 99% of the people who put money in can't either. they like the rising price, the fancy words, the leader who would have to be invented if he didn't already exist he's that perfect and the marketing pushes.
True. But more importantly, ETH has the mentality of being a master crypto.
What I mean by that is that it revolves around the idea of everyone else creating "decentralised" blockchain applications on their platform, in which case it would be a new kind of master crypto in which all other cryptos are created with Ethereum. That basically makes Buterin an evil genius.
Bitcoin can still be a "master crypto" in price and usage in terms of merchants, but ETH's idea is to literally eat up every other new crypto by having them created on their platform, which puts them consistently in second place unless earlier coins like Litecoin take off more.
Sure the price is empty speculation, but some of the Bitcoin price is empty speculation as well. The difference is that Ethereum is good at advertising, and Bitcoin finds this difficult due to actually being decentralised. So ETH will be a secondary crypto for people who like ICO hype and couldn't care less about what Bitcoin actually does.
29.
Post 19348580 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.11h):
Bitcoin can still be a "master crypto" in price and usage in terms of merchants, but ETH's idea is to literally eat up every other new crypto by having them created on their platform, which puts them consistently in second place unless earlier coins like Litecoin take off more.
Sure the price is empty speculation, but some of the Bitcoin price is empty speculation as well. The difference is that Ethereum is good at advertising, and Bitcoin finds this difficult due to actually being decentralised. So ETH will be a secondary crypto for people who like ICO hype and couldn't care less about what Bitcoin actually does.
But if none of the ICO "applications" go anywhere and prove worth anything (which I believe nearly 99.999% will not), then ETH will go to zero. As it should, because it's worthless for anything else. No one is going to buy ETH just to use some type of dapp that doesn't make money nor even need a blockchain the first place.
I would say that the Ether price, and the price of all the tokens that are created via the Ethereum network, are not based on their use but people believing that they could have a use. Shitcoins (e.g. Footballcoin, Marijuanacoin or Pepecash), can get
somewhere, because they pull in everyone who loses all their logic in a desperate get-rich-quick scheme. But when there's a dip in a currency that people think has actually done something with blockchain technology, it doesn't crash completely and it tends to stay stable, even though there's no actual point in having a new token for it. This applies to Ether, and speculation like this can do some crazy things.
I think that ETH will stay stable as long as people keep pumping out shitcoins on it, which could be for another 3-4 months. The idea is that
the shitcoins die, but ETH stays for as long as more shitcoins are on their way which have not died.
30.
Post 19357138 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.11h):
I know that we want to keep on writing off ETH - but there is continued and ongoing pump..
It's a 90,000 BTC volume digibyte day on Poloniex. If there was ever a sign cryptocurrency has reached peak pump and dump, this is it.
For now, true. People are getting desperate with the cryptocurrencies they pump.
There is no schelling point for any of this crap. There's also no schelling point for bitcoin because it will always be highly constrained by scalability and thus high fees. "Money" that requires some type of fees solely to exist at all (constant payment to miners 24/7) is also the hallmark trait of a debt based currency.
Try transporting a few ingots of gold all the way to the other side of the world safely. I think you'll find that the costs are hundreds of times higher than Bitcoin transaction fees, and it takes many times longer.
Our current debt based US dollar is a rent seeking usury system that requires a constant interest payment for the money to exist. Bitcoin is basically the same thing, just the whole process is obfuscated so that you don't know who the beneficiaries are.
So I guess when transporting that gold, the beneficiaries are the commercial airlines.
There is no way to escape these people via the digital domain. The only way out of the debt based and/or usury system is by physical metals used in native coin form.
I think you're forgetting that there aren't many scarce physical resources to be controlled. With cryptocurrencies there's a theoretically unlimited number, which makes them near impossible to regulate.
31.
Post 19384532 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.11h):
I get the feeling that there is a LOT of money that wants to come into the Bitcoin market. The problem is, it can't do that overnight without the price skyrocketing. As we have seen, exchanges can quickly run out of coins. Miners must mine and release more, and they may be holding some back. So taking large short positions can be tricky. The OTC market might be drying up as well.
So where to go? Altlandia... ride it out, pump the alts, trade for btc when it becomes available. Depending on the amount of money wanting to come in, this could go on for quite a while.
But the alt exchanges are so buggered that I don't see how you could get significant amounts of Bitcoin off. Poloniex is the daddy. You're restricted to $2000 withdrawals per day
That's only for unverified accounts. Level 2 verification lets you do $25,000 per day.
I use Bittrex myself though. I'd rather get withdrawals in less than a minute than withdrawals in a day if I'm lucky. It's fucking terrifying when the exchange was likely to basically give up on your withdrawal for another few weeks if they felt like it.
Bittrex still has decent liquidity, unless you're one of the biggest whales around it should be alright.
32.
Post 19493089 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.12h):
Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.
Oohh shitcoin shilling detected!
Who gives a damn about a metric which makes aboslutely no sense with all those locked up coins due to ICO scams.And let's not forget the 70million Ether premine!
Oh look, a meaningless slur about altcoins again. How original.
Market cap makes little sense - but pretending that ETH is insignificant at this point is just straight up lying. We've all been pretending it's going to crash for long enough, but it hasn't come true.
By the 70 million Ether premine, you mean the 60 million crowdsale?
Look. Ether is centralised as hell and Buterin is an idiot, so I'm not investing. But does anyone here
really think that it doesn't matter? All these new alts are being created on Ethereum, they're marketing like absolute geniuses...
33.
Post 19498329 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.12h):
DAO exploit or the most recent one when that Canadian exchange lost $14 million are called weakness in ethereum protocol and apparently it hapens to be easily exploitable. the fact that it does not happen more often is because people are already giving their money to the scumbags in form of ICOs, and when people are handing their money to you, you don't put on ski masks and rub them with machine guns, that is for when they stop giving you their money freely.
Hell, the hackers probably already have the exploit in their back pocket, ready to go at just the right time. And what a perfect way to mega pump the market and mega short on the way down.
I don't know. More attention = more coders and professionals getting involved. If that's true then the longer hackers keep it secret, the higher their risk is of someone legitimate finding the exploit and reporting it to Ethereum (or Ethereum developers finding it themselves).
That said if they did have an exploit it'd be pretty nice being them right now.
we passed $4000CAD according to Google.
3000 USD's on its way. It's been steadier this time, I don't think there would be a correction coming for a while, except maybe some slight resistance at that psychological barrier.
34.
Post 19653338 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.13h):
Past 40 blocks have 77.5% segwit2x support
Just added up the pools listed on coin.dance based on the
blockchain.info hashrate distribution chart.
If both sources are accurate, it's about 66.8% hashrate support.
35.
Post 19677778 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.13h):
Most cryptocurrencies other than Bitcoin are down. ETH is down, Ripple doesn't count, Litecoin is down, ETC is down, DASH is down...
Looks like some money is slowly starting to flow back out of altcoins and into BTC. The SegWit hype will amplify this over the next month or so.
Time to short some altcoins if you ask me.
36.
Post 19678195 (copy this link) (by Qartada) (scraped on 2020-04-04_Sat_15.13h):
Most cryptocurrencies other than Bitcoin are down. ETH is down, Ripple doesn't count, Litecoin is down, ETC is down, DASH is down...
Looks like some money is slowly starting to flow back out of altcoins and into BTC. The SegWit hype will amplify this over the next month or so.
Time to short some altcoins if you ask me.
Still holding onto some 15 or so that showed positive performance (none of the ones you mentioned) in the midst of destruction, I guess everything else was weeds. Gonna get some sleep finally.
I'm into a couple of stable ones which I like as well. I'm just not a fan of the big names.
if we are really going to grow (don't we all want that?)
No. A lot of people really, really don't want that. Like the wordy guy a few posts up who, quite uncharacteristically for those people, openly admitted it. That's why nothing has been done yet.
Don't mischaracterize me.
Merely because I think that a 2mb blocksize limit increase is not necessary does not mean that I don't want bitcoin to grow.
If something is not needed, then it is not needed, so it makes little to no sense to implement something that is not needed, and that does not mean that bitcoin will not grow.
I somewhat agree, but if it isn't needed then it won't be used.
When spammers aren't trying to push up the block size like they have been recently, the blocks don't have to be near full all the time, which means that the difficulty of running a node can still stay pretty reasonable. The fact that it's a static blocksize increase rather than a dynamic system means that it's not particularly worrying for the future either.
The important thing is that if a 2MB hardfork happens, it's high consensus. The implications of a 2MB max block size are not that important compared to the implications of a messy hard fork with loads of arguments.