Open Side Menu Go to the Top
Register
Bitcoins - digital currency Bitcoins - digital currency

03-23-2017 , 02:44 PM
Quote:
Originally Posted by onemoretimes
It's more digital in sense. Peoples wallets will now be on their phone, not in their pocket.
How is that different than apple pay? You can use your credit card without getting it out of your pocket.
Bitcoins - digital currency Quote
03-23-2017 , 03:26 PM
Quote:
Originally Posted by Everest17
Okay, I understand. What is the best method of holding the ethereum safely? A secure wallet?
To securely store get a Ledger Nano S hardware wallet. It can hold bitcoin too.

Alternatively use myetherwallet.com or if you want to sync the blockchain on your computer you can use Ethereum Wallet (https://github.com/ethereum/mist/releases)

If you want to put a bit on your mobile phone I recommend Jaxx
Bitcoins - digital currency Quote
03-23-2017 , 03:32 PM
Quote:
Originally Posted by lostmypw
can someone explain to me why dash is at $100

it doesn't make any sense
There's a sizable market for completely anonymous currency. Don't look at the price per coin, but the market cap.
Bitcoins - digital currency Quote
03-24-2017 , 07:11 AM
anybody have experience with USD lending on ********?

the rates were like 14% APR so i threw some money on there. now they halved in a couple weeks to like 7-8%. i don't know if the risk/reward makes sense at that level.

curious to hear anyones experience or thoughts.

edit: not sure why that's getting cenorded. starts with Bitf ends with x.
Bitcoins - digital currency Quote
03-24-2017 , 08:28 AM
Quote:
Originally Posted by ethbtc88
anybody have experience with USD lending on ********?

the rates were like 14% APR so i threw some money on there. now they halved in a couple weeks to like 7-8%. i don't know if the risk/reward makes sense at that level.

curious to hear anyones experience or thoughts.

edit: not sure why that's getting cenorded. starts with Bitf ends with x.
They are spiked right now because people are going on margin to buy BTC before the split so they can have the 2nd coin.

Was 6 months or so ago finex got hacked and everyone including people with USD on loan lost 33%. Honestly I feel like they are run by crooks. They had a site before finex that got hacked and shut down. Then they open finex and shady things have happened like flash crashes (essentially steals everyone's stop loss super cheap) and then the absolutely ridiculous hack.

If everything is on the up and up why the **** aren't they loaning their own cash out at 14%.

They also accidentally admitted to trading on their own site then tried to retract it, basically front running large cash deposits.
Bitcoins - digital currency Quote
03-24-2017 , 08:44 AM
I keep being shocked how BTC has held up through this, it is dropping at the moment though. I'm wondering if people loading up on margin trying to get the deal on the coins has been the support.
Bitcoins - digital currency Quote
03-24-2017 , 10:28 AM
Quote:
Originally Posted by NLNico
It's not just the lack of skill. Also the lack of proper testing and peer reviewing. This isn't a Wordpress plugin, we are talking about a $20 billion network here, it's insane to just merge commits without proper testing/reviewing. Security should be the focus.
Can you elaborate on some of the security risks, specifically how they can impact merchants and the average holder?
Bitcoins - digital currency Quote
03-24-2017 , 12:24 PM
There may be a major Bitcoin meeting in May in NYC to discuss scaling among the major mine owners and BTC developers. So there is some hope.

http://www.coindesk.com/major-bitcoi...ake-place-may/
Bitcoins - digital currency Quote
03-24-2017 , 12:59 PM
is it a good idea to invest in btc atm ?
Bitcoins - digital currency Quote
03-24-2017 , 01:16 PM
Quote:
Originally Posted by isildwan
is it a good idea to invest in btc atm ?
if you are willing to comply with all regulations and live in an area where you expect a decent amount of traffic, then maybe. the markup on those things is a lot. the resale value could be decent too. personally, i'd prefer to buy btc or eth but it's an option.
Bitcoins - digital currency Quote
03-24-2017 , 01:18 PM
thanks for the answer
Bitcoins - digital currency Quote
03-24-2017 , 01:23 PM
Quote:
Originally Posted by isildwan
is it a good idea to invest in btc atm ?
If you use Warren buffets be greedy when others are fearful, then yes. However, if this was an issue, and bitcoin was the only show in town, I'd say buy for sure. BUT, btc is not the only show in town anymore. ETH is gaining serious traction. If your looking to get into btc you have to diversify into ETH. If I was just jumping in with some money, I'd go ETH all day. Bitcoin is myspace, eth is facebook.

There's just a million things going for ETH and jack **** going for BTC. The only thing going for BTC is that ETH might **** up proof of stake. If they dont, it's all over, I guarantee ETH surpasses btc.
Bitcoins - digital currency Quote
03-24-2017 , 07:09 PM
i agree on the myspace/facebook analogy.

the reason i sold all of my coins in both was one day i realized something: i have no idea how to value one coin. it's pure speculation. straight up greater fool stuff. why are all bitcoins worth $15 billion and not $1.5 billion? i've never seen a valid answer to that.

as a technology they are awesome, the prospects look great (particularly for ETH) but i still have no way to value a coin on fundamentals, until i do i'm going to stay on the sidelines.

Benjamin Graham: "In the short run, the market is a voting machine but in the long run it is a weighing machine"?

The price volatility we've seen has simply been voting. The weighing hasn't happened yet. Or if it has, I haven't been able to understand it.
Bitcoins - digital currency Quote
03-24-2017 , 07:30 PM
Quote:
Originally Posted by ethbtc88
i have no idea how to value one coin. it's pure speculation. straight up greater fool stuff. why are all bitcoins worth $15 billion and not $1.5 billion? i've never seen a valid answer to that.
Why is all gold valued at $8 trillion and not $8 million? I've never seen a valid answer to that.
Bitcoins - digital currency Quote
03-24-2017 , 10:25 PM
Quote:
Originally Posted by isildwan
is it a good idea to invest in btc atm ?
Very risky longterm I think. Have been thinking about this but has a very large downside (and upside)
Bitcoins - digital currency Quote
03-24-2017 , 10:27 PM
It sounds like SegWit had a pretty big problem on test net that was causing unintended forks to happen.

Basically, non-upgraded nodes don't communicate properly with upgraded nodes, so non-upgraded nodes forked off onto their own chain. Maybe Core shouldn't be throwing so many stones from their glass house.
Bitcoins - digital currency Quote
03-24-2017 , 10:39 PM
Quote:
Originally Posted by housenuts
Why is all gold valued at $8 trillion and not $8 million? I've never seen a valid answer to that.
ya, same thing. i wouldn't invest in gold without being able to do a fundamental valuation and then determining it was undervalued.

i don't know if such a valuation method exists for gold, it seems like there probably is.
Bitcoins - digital currency Quote
03-25-2017 , 01:17 AM
Quote:
Originally Posted by ethbtc88
i agree on the myspace/facebook analogy.

the reason i sold all of my coins in both was one day i realized something: i have no idea how to value one coin. it's pure speculation.
It's not pure speculation. It was pure speculation 8 years ago. When btc blocks are constantly full from too many transactions, it's pretty safe to say it's beyond speculation. I'd say ETH is definitely in a speculation phase, but that's how anything gets started.

In general, cryptos have gone beyond the speculation phase. I know this because my online poker site pays me in BTC, that's real use.
Bitcoins - digital currency Quote
03-25-2017 , 05:22 AM
We're using two different definitions of the word speculation, quibbling over them is not relevant. The point is that there is no way to value a bitcoin and thus no way to determine whether the present price is lower or higher than that value and thus no way to make an intelligent buying decision.
Bitcoins - digital currency Quote
03-25-2017 , 05:32 AM
BRK.A would be considered by most investors to be a sound investment. But let's remove the ability to value the company. All we know is the share price. Or let's say the stock went to $5,000,000 per share with no change in fundamentals.

In both cases, what was a sound investment, has turned into a horrible investment. You cannot ignore the relationship between the price you are paying and intrinsic value. But that's what everybody 'investing' in Bitcoin is doing. That's what I was doing until I realized it and sold everything.
Bitcoins - digital currency Quote
03-25-2017 , 06:14 AM
Quote:
Originally Posted by ethbtc88
You cannot ignore the relationship between the price you are paying and intrinsic value.
Please define intrinsic value and use a definition that can sufficiently explain why a house in Detroit has a market value of $0 while the same house in California cost $1M.
Bitcoins - digital currency Quote
03-25-2017 , 10:54 AM
Quote:
Originally Posted by ethbtc88
We're using two different definitions of the word speculation, quibbling over them is not relevant. The point is that there is no way to value a bitcoin and thus no way to determine whether the present price is lower or higher than that value and thus no way to make an intelligent buying decision.
Don't buy any then. People were making the intrinsic value argument years ago and most likely regret not investing.
Bitcoins - digital currency Quote
03-25-2017 , 06:07 PM
Quote:
Originally Posted by ethbtc88
We're using two different definitions of the word speculation, quibbling over them is not relevant. The point is that there is no way to value a bitcoin and thus no way to determine whether the present price is lower or higher than that value and thus no way to make an intelligent buying decision.
It's all relative. You either need to decide if you think bitcoin will become more widely used or less. Most likely if it becomes more widely used the price will rise and visa versa.
Bitcoins - digital currency Quote
03-25-2017 , 09:26 PM
Quote:
Originally Posted by theskillzdatklls
Segwit from what I know is a very complicated code structure and could have stuff lying around as well. also its scaling ability is pretty piss poor. 1.7x is good for what, the next month, if not already over saturated with the current market?

that said, ive said before i think both scaling functions can be deployed, ive never understood why these are all so mutually exclusive. increase blocksize, let that multiple through with sw. but core has had infinite resistance to this idea.

The code is out in the open, was one of the most widely pieces of code changed, and has been operating on Testnet for quite some time. 2.1x is what it gets you immediately, and with LN, 1000x+ scaling. All without a chain split!

BU is completely broken. It's a ticket to give miners complete control over whatever they want in the future. No competent developer or user will touch it.


Quote:
Originally Posted by vikthunder
It sounds like SegWit had a pretty big problem on test net that was causing unintended forks to happen.

Basically, non-upgraded nodes don't communicate properly with upgraded nodes, so non-upgraded nodes forked off onto their own chain. Maybe Core shouldn't be throwing so many stones from their glass house.
FUD FUD FUD FUD.

Pure bull****, vik, as expected from a BU propagandist.

Long re-orgs are extremely common on Testnet, all the time. This is nothing new. One guy with one miner can basically erase hundreds of blocks whenever he wants because no one is really mining it. Sometimes people do it for fun. Has nothing to do with SegWit.

The issue you describe- since blocks must be repackaged for non-SegWit nodes, a SegWit node cannot accept a SegWit block from a non-SegWit node (Since they don't have the full data to validate). SegWit nodes actively search for other SegWit nodes (since those are the only ones that can provide them with the complete block).

Here's what a developer said on the mailing list about it:
Quote:
Miners using 0.13.0+ will produce blocks that propagate well. This is because 0.12.x- nodes will accept those blocks, and so will 0.13.0+. Furthermore Core 0.13.0+ will use its outbound connections to connect to segwit enabled peers so that it will be relaying segwit blocks to someone. However Bitcoin Core 0.13.0+ will not request blocks from peers that are not segwit enabled (because with segwit, they will be receiving blocks without witnesses which are invalid to a segwit node), so they will not receive blocks mined by a 0.12.x- node. This means that 0.12.x- mined blocks propagate poorly, even though are valid. Because of the poor propagation, a 0.13.0+ miner can find a block at the same height which is more likely to get built upon. However, the poorly propagated block can still reach other 0.12.x- miners who can build upon it due to the low difficulty and difficulty resets, thus causing multiple chains to exist, particularly among pockets of 0.12.x- nodes. The reorgs happen when either the 0.12.x- nodes hear of the segwit blockchain that is presumably longer because it has the majority hashrate, or when people run bridges which allow 0.12.x- nodes relay blocks to 0.13.0+ nodes.

BTW, Dash is a pure scam, just a pump and dump. Roger Ver is creating drama to try to drive people to Dash (Where he clearly bought a bunch of ), so he can unload at the top and profit. The entire Masternodes system is a complete ponzi trash scam.
Bitcoins - digital currency Quote
03-26-2017 , 04:36 AM
Whoever bought bitcoins at 0.70$ each is laughing now, worth 951$ today per bitcoin
Bitcoins - digital currency Quote

      
m