Bitcoins - digital currency - Page 825 - Business, Finances and Investing Forum

Another difference between the 184 billion coin situation and the DAO is protocol vs app. If the protocol fks up, a fix is understandable. In the Dao case, we pushed in a fix at the protocol level to address an issue with an app that was built on top of the protocol. I'm not against it because a lot of people unknowingly put all their savings into the Dao thinking it was a 100% safe freeroll, and it would have sucked for those people to lose their money (whether deservingly or not). But the outcome is a created blemish that will remain for some time.

Quote

06-19-2017 , 10:50 AM

#20602

T.o.R.

journeyman

Join Date: Jan 2010 Posts: 291

Excuse my ignorance.

I have not used Bitcoin in a while, when I did I used Coinbase/Circle --> Blockchain.

What other wallets exist besides Coinbase where I can purchase bitcoin directly using my Visa? My issue is I need to purchase more than the $50 limit Coinbase is offering me.

Thanks in advance.

Quote

06-19-2017 , 01:45 PM

#20603

jokerthief

No reason to get excited

Join Date: May 2004 Posts: 4,765

Quote:

Originally Posted by T.o.R.

Why is your limit so low? Usually Coinbase will raise you limit gradually as you make more and more buys. Mine is now $10,000 per week. Have you sent in a copy of your driver's license?

Edit: I just realized you're talking about buying with a credit card. Why don't you just set up a wire transfer with a bank?

Quote

06-19-2017 , 02:31 PM

#20604

_dave_

_Pooh_Bah_

Join Date: Feb 2005 Posts: 13,146

blockchain.info allows credit card purchases (integrated seamlessly, but via different partners depending on country)

Quote

06-19-2017 , 03:09 PM

#20605

vikthunder

grinder

Join Date: Jan 2011 Posts: 478

Quote:

Originally Posted by andr3w321

Look at the probabilities of each scenario playing out again today and you will see that the odds of another bitcoin fork due to a protocol bug are near zero and the the odds of ethereum fork due to a failed ETH contract are very high. Vitalik has even said he doesn't mind hard forking once a year. It is the opposite of a decentralized, immutable blockchain.

I'd say the probability of bitcoin having another fork due to a protocol bug is indeed quite low, unless the code is overhauled in the near future. Unfortunately, there is a planned major overhaul of the code in the near future, so the probability of another bug related protocol fork occurring in the near future will rise by many, many orders of magnitude.

Quote

06-19-2017 , 05:58 PM

#20606

plzd0nate

veteran

Join Date: May 2010 Posts: 2,407

DO NOT USE COINBASE ANYMORE. I have a withdrawal that has been lost and never received into my bank account but I have got one I did after the missing one. Coinbase is also impossible to get into contact with.

Quote

06-19-2017 , 08:14 PM

#20607

SaveTheWhales

centurion

Join Date: Mar 2016 Posts: 169

Quote:

Originally Posted by invictus-1

first, you have absolutely no way of knowing whether a bug will happen or not.
second, answer the question. third, what is that certain market cap when a coin moves beyond the toy experiment phase?

Both projects are notably immature in never having defined when alpha/beta end and 'business as usual' begins.

You could argue that Satoshi's disappearance was this event for bitcoin; pretty sure that was (edit: not) a pre-defined event though.

Some newer projects are baking this BAU handover in now - a welcome nad healthy development imo.

Quote

06-20-2017 , 02:15 AM

#20608

cafepoker

journeyman

Join Date: Nov 2016 Posts: 273

The market is getting ready for a upward boom. Bitcoin and xrp ripple are different enough they will succeed long. Ripple is so well organized and will succeed because people will trust the security in it. Just like how paypal is so successful because the security was so high.

I am also invested in Crypto PING ico which starts in 3 days. Not sure what color Gallardo I will get yet.

Quote

06-20-2017 , 05:32 PM

#20609

SaveTheWhales

centurion

Join Date: Mar 2016 Posts: 169

Quote:

Originally Posted by cafepoker

Not sure what color Gallardo I will get yet.

I hear they are bringing out a limited edition ripple logo shaped steering wheel in 2018, get on the list for that

Quote

06-20-2017 , 06:37 PM

#20610

cafepoker

journeyman

Join Date: Nov 2016 Posts: 273

Quote:

Originally Posted by SaveTheWhales

I hear they are bringing out a limited edition ripple logo shaped steering wheel in 2018, get on the list for that

Ripple has done well today starting yesterday. it hit a high of 33-34 before selling to .31 where its at now.

Quote

06-20-2017 , 09:24 PM

#20611

iloveny161

old hand

Join Date: Feb 2007 Posts: 1,967

Quote:

Originally Posted by plzd0nate

This sounds really fked up. I recommend trying to reach out to them on twitter or put them on blast on reddit (maybe on /r/ethtrader). They have support reps constantly reading the crypto subreddits.

Quote

06-21-2017 , 01:11 AM

#20612

Dogboy714

adept

Join Date: Mar 2008 Posts: 817

Quote:

Originally Posted by plzd0nate

Quote

06-21-2017 , 10:58 AM

#20613

Rant

old hand

Join Date: Oct 2006 Posts: 1,436

TomCollins-
Thanks for your continued posting.

Do you think a Turing complete crytpo is useful? Or would it be better to have a compute layer over bitcoin (or something else entirely)?

Quote

06-21-2017 , 02:15 PM

#20614

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by Rant

TomCollins-
Thanks for your continued posting.

Do you think a Turing complete crytpo is useful? Or would it be better to have a compute layer over bitcoin (or something else entirely)?

I am yet to see a single use case where it's good. A far better model is where only the people involved can prove the computation is done, and you publish a proof it was done. Keep the bloat off the chain.

As we can see toady, Ethereum cannot even keep up with selling Ponzicoins, all with ZERO dapps at scale in use.

Quote

06-21-2017 , 02:16 PM

#20615

lostmypw

enthusiast

Join Date: Mar 2017 Posts: 97

Quote:

Originally Posted by Rant

Do you think a Turing complete crytpo is useful? Or would it be better to have a compute layer over bitcoin (or something else entirely)?

Greg Maxwell addressed this a while back, https://bitcointalk.org/index.php?to...27#msg14601127

Quote:

tldr;

All of these radical improvements in scalablity, privacy, and flexibility show up when you realize that "turing complete" is the wrong tool, that what our systems do is verification, not computation. This cognitive error confers no advantage, outside of marketing to people with a fuzzy idea of what smart contracts might be good for in the first place.

Quote

06-21-2017 , 08:49 PM

#20616

iloveny161

old hand

Join Date: Feb 2007 Posts: 1,967

Quote:

Originally Posted by TomCollins

Hypothetically, let's say Vlad + Vitalik figure sharding and PoS out and it works brilliantly with no attack vectors possible. Where does that put Ethereum in comparison to Bitcoin in your opinion as a settlement layer?

Quote

06-21-2017 , 10:05 PM

#20617

cafepoker

journeyman

Join Date: Nov 2016 Posts: 273

Liew said in parts of the Middle East, Africa, South America and Eastern Europe, concerns over the government being overthrown or persistent long-term currency inflation have been driving bitcoin's increasing valuation. A bitcoin is valued at a little over $2,800 as of Tuesday afternoon, according to Coindesk.

While there are other cryptocurrencies like ethereum, Liew points out it's currently valued at just a fraction of bitcoin's market cap.

"If you're going to be an investor in anything, you want to be where the most trading volume is happening, and right now that's happening in bitcoin,"

Quote

06-21-2017 , 11:10 PM

#20618

cafepoker

journeyman

Join Date: Nov 2016 Posts: 273

If bitcoin gets more popular, like for example as big as Amazon, that is a lot of growth, Bitcoin is not at its end of its life, even if it peaks out somewhere in the middle of this chart.

Quote

06-21-2017 , 11:26 PM

#20619

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,681

Quote:

Originally Posted by cafepoker

While there are other cryptocurrencies like ethereum, Liew points out it's currently valued at just a fraction of bitcoin's market cap.

"If you're going to be an investor in anything, you want to be where the most trading volume is happening, and right now that's happening in bitcoin,"

If 80% = just a fraction, then ok. I guess he's right 4/5

Ethereum has regularly had greater daily trader volume than bitcoin lately.

I'm not trying to say eth is better or bitcoin sucks. Just that those statements aren't necessarily correct.

Quote

06-21-2017 , 11:32 PM

#20620

cafepoker

journeyman

Join Date: Nov 2016 Posts: 273

Quote:

Originally Posted by housenuts

Its funny you say this just 2 hours after Etherums crash/ $14/ flatline at $300 today, not to mention trading being impossible on Coinbase/ Poloniex for me, maybe many more sites if not all.

Bitcoin = the mother of all cryptos, at least for now!

I am glad my panic sell at $300 didnt work, its recovering nicley.

Quote

06-21-2017 , 11:34 PM

#20621

plzd0nate

veteran

Join Date: May 2010 Posts: 2,407

Quote:

Originally Posted by iloveny161

This sounds really fked up. I recommend trying to reach out to them on twitter or put them on blast on reddit (maybe on /r/ethtrader). They have support reps constantly reading the crypto subreddits.

I emailed coinbase, tweeted them, DM'd them and have had zero response. I filed a claim with the consumer finance protection bureau. **** these guys. They are stealing people's money

Quote

06-21-2017 , 11:39 PM

#20622

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,681

Quote:

Originally Posted by cafepoker

Its funny you say this just 2 hours after Etherums crash/ $14/ flatline at $300 today, not to mention trading being impossible on Coinbase/ Poloniex for me, maybe many more sites if not all.

The crash was based on one idiot, or savvy whale, selling 100k eth at once which margin called all the idiots that margin trade and created an avalanche that cleared the buy orders.

It has already come back.

Don't margin trade.

Quote

06-22-2017 , 08:17 AM

#20623

Zima421

Carpal \'Tunnel

Join Date: Jan 2007 Posts: 18,973

Quote:

Originally Posted by housenuts

...

Quote

06-22-2017 , 09:12 AM

#20624

greatstate608

centurion

Join Date: Apr 2012 Posts: 143

so confused what is the current trading price for ethereum? seeing multiple articles about its crash and rebound. coinbase showing 328$ but a 4 hour old article on msn says it crashed and is at .10 surely it will rebound to something from .10 if this is the case????