Lots of sellers in thread. I'm hodling. May diversify a bit and get some ether but price is too high right now imo.

I foresee a strong majority 80-90% switching over to bitcoin classic. There will be some holdouts but they won't holdout long and will join the biggest chain shortly thereafter.

I have asked this a few times and haven't gotten a good response. Coinbase has banned me for poker transactions and I am in need of a good and easy way to turn BTC into $$$. Preferably with ACH to bank capability. Any suggestions?

There are many exchanges other than coinbase. Where are you located?

If you're in the U.S., have you tried Gemini?

No. Cliffs on similarities to CB, liquidity, etc? I am in the US

I just tried to set up an account apparantly they are not operational in my state yet.

https://blockchain.info/charts/n-transactions

If you look at the chart we are averaging 220,000 transactions per day. I believe I make maybe 4 transactions a year and own about 12 bitcoin. 220,000x 365 = 80 million transactions per year. There should only be about 4 million transactions per year. IMHO, these groups want to hide that transactions are faked to make it look like bitcoin is increasing, or used for data transfer. Put a penny fee on it.

where are you getting 4million from?

https://blockchain.info/charts/trans...ale=0&address=


Fee market is not working.

If you honestly believe this, you should sell and sell fast. Good luck with a coin with Cheech and Chong as the only developers.

If you are selling, do not make the same mistake I made and open a Circle account. I did, sent my Bitcoins, and now they are stuck, with a measly $300/week limit (in USD or BTC!) to get my money out. I asked to close my account, and have not heard back if I can get my money back (I'll take dogecoin at this point).

I made the same mistake sending over 3 BTC there without noticing you could only do $300/wk. If you call or live chat them they will let you xfer out to your wallet as a one time thing just fyi.

My estimates.

That fee graph does not even tell you what it is, fees per day? Fees make up 1% of the total fees, 99% comes from mining rewards. That graph shows that despite transaction fee growth, fees remain about constant.

Satoshi wanted a decentralized network, the did not want 5 large mining companies controlling the network. If Gavin really wanted to have a valid point, he would have recommending ending proof by work. Proof by stake makes sense as it will be the largest owners of bitcoin that ultimately protect the network. Who pays these fees to Gavin, the large owners that happen to be the early adopters and miners. Unfortunately, peercoin really screwed up, they have proof by stake but do not use it.

There is a new coin that is even on the stock market PNIK, pink coin backed by diamonds. But who cares.

a penny transaction fee, would be about 6 btc a day. So you are right the average fee is near 6 cents. The average cost per transaction is $7.29 including mining rewards.

are you saying btc classic or ethereum has cheech and chong as only developers?

my belief is that, in the same way satoshi was the only developer of bitcoin, over time, people step up, the community endorses/approves/consent of their work and it is implemented. a developer cannot do anything without community consensus. as much as some people may hate bitcoin classic, if it does become implemented, developers involved in the cryptospace will focus on improving it and it will grow from there.

all-time tx fees looks like its increasing to me

https://blockchain.info/charts/trans...ale=0&address=


i'd estimate i make about 100-300 tx per year, paying 2-5c fee each tx.

blocks aren't really full right now. but the underlying growth in tx/day suggest they will be within a yr or so. miners can always use a minTxFee filter on and exclude 0-fee txs if they want.

i'm hoping bitcoin can somehow scale to >100 tx/s within ~10 yrs. that will add ~500k usd fees per day at around todays prices.

lots of coins out there to play with. Just-Dice is up and running again using CLAM, which is PoS.

I haven't done a lot of trades on Gemini, so keep that in mind:

Account setup: had to do the micro transaction thing to link a bank account, that took a few days. Also had to send in DL and proof of residence (recent utility bill). So, like other places, expect some time to get your account up and running.

Website: seems a little bare bones/awkward layout, but is functional.

Liquidity: at any given time they seem to have ~50 coins available to buy or sell within a $1 spread, so more than adequate for what I do. If you wanted to move 100 coins, the price is going to move on you a bit.

Limits/issues: I haven't run into any additional requests for info or run into any transaction limits yet. But I've only tested a few small transactions on there.

$400 and out. Hopefully I can get back in when the blocksize issue is resolved and that the price is sexy.

Rumors and **** about a compromise being reached, hard fork in a roadmap, mediators and moderators appointed to see hard fork discussion through.

why would the resolution of that issue bring about a lower price?

People are scared right now.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” - Warren Buffett

There is certainly reason to be cautious right now but I'm also hodling.

Lol at panic selling your entire stash and and saying your going to open a short position over something that hasn't even been implemented yet. I think some people are letting their emotions get the best of them right now in the bitcoin space.

I did this and it worked! Yay!

Classic. The Toomim Bros. One of them came into Slack and was high as hell making all kinds of nonsense before the other brother had to pull him away, it was quite funny.

They have zero technical talent actually able to evaluate anything. It's coding by committee of non-technical doofuses. It's hilarious. They are asking for code reviews on reddit.


The selling is not over this. I figured there was a good chance it was posturing and misrepresentations of truth. But the fact that 5 random dudes in China is enough to split this thing concerns me a lot. We are far too centralized and really, this attack won't be the last. There will be more and they will grow with sophistication, and it isn't built to resist these kinds of political attacks.

"Stay away from it. It’s a mirage" - Warren Buffett (in regards to bitcoin)

ok i get it, time to invest in mt gox

http://www.ibtimes.co.uk/r3-connects...-azure-1539044

Puts Mike Hearn's rant in a little more perspective. Lol at a private distributed ledger, that's just called a regular ledger.