LN dev writes:
https://www.reddit.com/r/btc/comment...ially/dfwebqk/

How exactly does cryptos seem to be the ONLY "not over valued asset class"? Please explain what model you have used to measure different cryptos "fair value", which according to you should be MUCH higher?

Bitcoin is a multinational soap opera. You can't script this ****.

Where do we go from here? Will Antpool's competitors favor segwit since it will level the playing field for other manufacturers to enter the market and compete with Bitmain? Will we have a contentious UASF?

Imo, the die is cast. Users are not going to stand for Bitmain stifling technological advancements and spreading FUD to protect its monopoly by exploiting (and patenting) a flaw in the PoW.

I was wary of a contentious UASF, but now I am 100% supportive unless Bitmain will reach some sort of compromise that puts an end to the FUD and big block nonsense.

Well simply put I just use common sense. You have something the WHOLE WORLD is starting to use and will obviously only grow in size, and it's worth less then many **** companies that operate in just the US alone. Obviously there's no scientific way to measure it, I just use a relative measure, what do I think is more valuable, thing A or thing B. When I think thing A way out values thing B, yet thing B is way more expensive, gotta load up on thing A. It's hard to just sit on cash because of inflation and what not. It seems like right now, people just try and find the least ****ty deal.

Then throw in the fact that inflation on these cryptos are going to decrease while demand increases, not too hard to figure out what the mathematical equation of that is.

Can anyone explain to a non computer guy what all this "segwit" and significance of 75% means?

The bitcoincore's troll slack group called 'Dragons Den':
http://telegra.ph/Inside-the-Dragons...oll-Army-04-07

The "WHOLE WORLD" is a pretty big place. Are you sure it's starting to use Bitcoin? And there's no "obviously" about it.

kind of a vague question but heres a tid-bit of info:

A majority hashrate of >50% (called 51% attack sometimes) produces the longest chain - always re-organizing the chain to their version because they produce most of the blocks. this is the main chain. 51% of total hashrate is needed to determine what version of bitcoin is bitcoin. the rest follow, or split (see below).

A super majority hashrate of >75% is relevant because you can use >50% to create the main chain, and then you can use the remaining >25% to kill the old chain because you have >51% of the old chain hashrate (ex, with 76%, use 50.5% for main chain and 25.5% for old chain).

The whole world may not have started yet, but the whole world has access to it, and many are starting to use it. And yes, it's pretty damn obvious this thing is going to grow. You saying otherwise is like saying it's not obvious grass is going to grow if you throw water and sunlight and fertilizer on it.

3 transactions per second = room for the whole world?

Is the "get rich off btc" thing dead in everyones eyes? I mean, at $1000+ a coin can it really get to $10,000+ a coin?

Or is the new milly makers in the alt coins? I still have btc but feel like selling it to get more alt coins.

Your making bould assumptions that the whole world will use bitcoin. How about another cryptocurrency? I dont doubt cryptos will be huge in the future but saying BTC will turn out on top is IMO way way to early.

not saying i agree or disagree but here is an article on the topic: http://www.zerohedge.com/news/2017-0...-10000-bitcoin



Also, people though it was nuts when BTC reached partiy with the dollar.

I agree, that's why I I've been using the term cryptos for the most part.

I think get rich of eth is more likely as you can still buy a lot of it for relatively little.

Say bitcoin goes to $10k. For easy math we'll assume it's $1200 now. So to have 1M you'd still have to invest $120,000 right now, which is well outside most people's means.

Ya, that was sorta my point/question. I don't ever see it dropping to 2-500$ again.

However alt coins seem possible to make a million "cheaply" again. $100 of xrp at opening would be worth like $40,000 now. Just gotta find those spots

At those odds it may be +ev to invest in every new non ******ed coin and hold.

Wells Fargo suspending all bfx transfers: https://bravenewcoin.com/news/wells-...ire-transfers/

Likely all other exchanges too.

Any legal minds have thoughts on this? My understanding is that banks have the right to block transactions to/from companies that they suspect to be a high risk of fraud, money laundering, etc.

my first thought is to tell everyone with money on those exchanges to buy btc and withdraw, now.

Bitcoin is pretty much stuck until it figures out the scaling thing. Since the core only wants to scale through LN, and LN is probably multiple years away at best, I'm not optimistic...

...unless the core changes it's stance or if alternate implementations with larger block sizes take over the mining share.

Whether you believe in larger blocks or you trust core, I think it's pretty safe to sit out and invest in something else until the gridlock starts to open up. Because there's only 1 thing that everyone in bitcoin can agree on, and that is: bitcoin isn't going anywhere in it's current state.

Proxy war breaks out on Litecoin!

Jihan vs everyone who isn't cancer.

If you think about it though, now should be the perfect buying opportunity considering everything it's going through. Many people sold their positions, and barely anybody wants to buy any, but here we are at $1200. It's like nothing can stop this thing.

This is so hilarious. I'm in the room. It is literally a private chat room with 20 people or so that just talk about what is going on. How this turned into some kind of conspiracy theory is hilarious.

I've been in the room since it started. There are dozens of private chat rooms out there (I think there was even one on Skype with 2+2 members for sometime). The idea this was some kind of troll army is hilarious.

Scaling pretty much is figured out. It just happens that it breaks a way for a miner to violate a patent to get a 30% optimization. Looks like all you BU supporters were being played.

http://www.captiongenerator.com/4454...bout-ASICBOOST

How is scaling pretty much figured out?