Pruning, sharding.

I guess the reason I don't care about blockchain size is that I normally just run geth --light and it syncs in a minute.

Also growth is like 1GB/month(dont have current figure), imo not a super problem. A 256GB usb flash drive costs like $10 and will last you for some years. By then we should have sharding.

Coinbase is killing me. Over 6 days now on an ACH deposit and they haven't credited my account. Just a heads up to anyone to stay away from ACH deposits if your looking to catch a move.

https://www.youtube.com/watch?v=hnHi...ature=youtu.be

Gold/Bitcoin debate on CNBC today. Pretty atrocious knowledge Schiff has. Said something along the lines of "nobody actually uses it, people just speculate on it". And "you can't do anything with it".

Hey guys, what would you say it's better to use as a platform to gamble some on coins : kraken /coinbase/other? first timer here, cheers.

To actively trade them or just to buy some?

I don't plan right now to do more than 2-3 transactions per month at max.
Cheers for helping, appreciated.

There was a meeting on 14 Feb, some info about that was posted on SEC site on 22 Feb with a small amendment to the rule change filing too. That could have been perceived as bullish.

That being said, that "prospectus" is literally just a notice that they updated their website to link to that new amendment. Not relevant at all

Hi guys, sorry if it's been asked I'm sure it has been, but with it not looking like BTC going to drop anytime soon do you still think it's worth it to keep buying? I have an extra 1k a month or so and was thinking of purchasing more. Thanks

Poloniex has by far the easiest interface. They don't let you deposit USD though. I just ship BTC there to trade. Buying BTC on coinbase seems the easiest. Link a bank account and deposit USD though then buy on the gdax exchange as opposed to ordering BTC straight through coinbase. Everything else is negligible. If you want to trade on margin that also should sway your decision. Don't think you can do margin on Stamp or Coinbase. Prices will be higher on sites you can deposit fiat. Right now there is an unusual spread on ETH. Polo trading at $15.60.. Gdax at $16.85. Means USD flowing into gdax to buy.

If you really feel it's not going to drop any time soon, then yes.

March 11, the ETF decision day should impact it up or down.

Buy more if you want to ride the rollercoaster.

Additionally around March 9 the Chinese exchanges should resume BTC withdrawals again. If that has complications (or no problems at all), could add to the rollercoaster ride. This might be less important for price than ETF, but still relevant enough to follow.

Doom scenario: ETF gets withdrawn and 1 big Chinese exchange still cannot resume normal operations (eg insolvency, serious problems, etc.) Could easily see $850 or even $500 again.

Moon scenario: first Chinese exchanges all resume BTC withdrawals without any problems for an initial rise of the rocket to the moon. Few days later ETF gets approved and shoots up parabolic to $2000.



TL;DR: $500 and $2000 seem both reasonable to me. Probably somewhere in between.

Not being able to withdraw BTC in China doesn't seem like that big of an issue to me. They are allowing you to sell it and cash out the fiat. It's not like a Mt. Gox where they wouldn't let anyone cash anything out.

And BTW.. if ETF got approved and we only hit $2000, I would be disappointed.

With localbitcoins volume going through the roof in China, I would guess that Chinese government requesting visits to exchanges will have less an effect on the price:
https://coin.dance/volume/localbitcoins/CNY

They haven't been able to withdraw BTC since Feb 9, we did make a ~13% ($140) drop because of that, but quickly recovered and are (much) higher now. So it did affect the price, just not for a very long time.

Just saying that they should resume around Mar 9 again. If somehow 1 of the exchanges cannot resume withdrawals and has bigger problems (insolvency, too much AML problems, etc), it could affect the price again (even if it's just short-term.) Equally if they all operate normally again, it could boost the price a bit too. While that news is smaller than Gox and ETF, it still could affect the price and is "probably" a few days before the ETF decision (so could contribute to the rollercoaster ride IMO.)

**** China. They have effected the price "temporarily" like 80 times. Why even give a **** about them anymore.

What I find peculiar is how they haven't added ETH to their exchanges. I'm thinking maybe because they don't have a mining monopoly on it and they feel threatened by it? I don't care that they haven't. I just think it's a super weird dynamic that every US exchange including Coinbase has added ETH, yet all the major chinese exchanges haven't. It doesn't cost anything to add a currency so something with the volume like ETH, just seems strange that they look the other way.

Governments attempted to crack down on it and failed, so now adapting? Or have governments just been too slow to keep up?

If it's just they've been too slow my gut reaction would once it gets really wide spread government comes in and just Blackfriday style ban it.

ETH is up like 40%+ over the last few days, is it because of this?

https://www.nytimes.com/2017/02/27/b...-security.html

Seems to be more like 25% right? ( at least on ETH/BTC market.) Despite not holding any ETH, I actually traded it a bit for a while. On quick look it seems to me that 0.01 held nicely for more than a month, so seems like a decent bottom.

Then generally with alt coins there just need some random news for it to pump a bit. I personally don't believe that it is very rational that the "Enterprise Ethereum Alliance" would somehow make the ETH market bigger. Simply because "Enterprise Ethereum Alliance" is going to use private Ethereum blockchains, just like R3 was planning to do (but eventually didn't.) Therefor there won't be any new money coming in based on that news. You can spin it a bit and say "but it is a good sign that blabla..", but really a private copy of Ethereum isn't new money into the market (as it has nothing to do with ETH the currency.) But speculators gonna speculate, so I have no doubt that this news "triggered" speculators to buy some more.

(edit: to be clear, alt coin traders/speculators I don't consider as "new money" despite that it is obviously rising the price - at least short-term.)

ETH and BTC both going bananas

I have mixed feelings on this whole "private" chain stuff. However it speaks a ton that people want to use ethereum for private chains. It's only a matter of time until some big stuff wants to use the public chain. It also shows how great ethereum is with the fact that nobody wants to make their own thing, they just want to use ethereum.

They should at least have to buy it though. Eth holders get a dividend cut . That would be the day that Microsoft didn't make me over pay for some reg code to one of their programs.

https://mobile.twitter.com/bitcom21/...66061332230144

I've stated this in the past in the thread. From my understanding, Winks planned on using their BTC, so they were essentially selling all their BTC at market value which didn't make much sense. Can't imagine trying to get the BTC on the open market after it got approved while the mania is out.

BTC will be a little less fun if the ETFs get denied. Too much fun anticipating it.

http://forumserver.twoplustwo.com/28...acked-1656122/

Interesting thread of apparently blockchain wallets being hacked. I haven't read a ton into it so not sure if it was users fault or not but from initial info, it didn't seem to be.

I am actually a professional security researcher.

99% of the time it's because of phishing sites. Those phishing attacker are VERY actively targeting blockchain.info. Mostly by paying for ads on Google. So if you search on Google for "blockchain.info" (majority of computer users still go to websites like this), the first result can be actually a phishing site. Those phishing sites seem to be pretty advanced too (perfectly mirroring the real site, allowing users to create new addresses, using your 2FA codes on real sites, etc.)

Just search on "blockchain.info" right now.. phishing site on top:

I'm not sure what you're understanding is, but the Winklevoss have not made any commitment to "sell" any of their BTC to any trust or MM or authorized participant. To put this more plainly, they've never said anything, in writing/interview, about selling their bitcoin to anyone or anything wrt to the ETF or in general ever.

The only concrete info we have is this:

https://www.sec.gov/comments/sr-bats...698-132357.pdf

which says that Winklevoss or MM or Authorized participants are guaranteeing 500k shares minimum will be tradeable on t=0. Which equates to 5k btc.


As Bogart writes, they literally have 0 incentive to put up their own BTC. Why else would you bring on Virtu and Convergex? Let them skewer everyone on the open market. Sit back, collect the 0.5-1% management fees, and collect all the fees on gemini as it becomes the leading exchange in the world literally overnight.