https://changelly.com/

Disclaimer: I don't know what Ping is other than mentions in this thread.

Are you telling us that a trading bot has valued its ICO at 2.6 million due to its amazing accuracy in giving long plays in a bubble market?

If that is true and it sells out I don't know if it means the end is near or there is so much dumb money floating around that we're just getting started.

Or if they are legit smart use it to buy low pre, notify and alert subscibers, who then buy, and henceforth pimp/ pump it up to a peak, then the developers short the bastard and make more money both ways. Hey I guess it works at least.

post from 3/7/16... eth price $9...

[ ] expert at calling the top
[x] salt

I don't know if it's the best way, but here's a good way:

Download the Jaxx wallet - it has a Shapeshift feature built in. If you don't know, Shapeshift is a service/business that will exchange one crypto for another. With the Jaxx wallet, you can use Shapeshift without setting up an account through the company. There's just a button for Shapeshift and you are off and running.

Keep in mind, the Jaxx wallet has been found to have some security leaks and is not a good permanent home to store ETH or Bitcoin. MyEtherWallet or similar is a better storage solution.

With that in mind:
Step 1: Get Jaxx
Step 2: Send Bitcoin from Electrum to your Jaxx wallet address
Step 3: Shapeshift within Jaxx from Bitcoin to ETH
Step 4: Send ETH from Jaxx to some other ETH wallet for security reasons.

This should leave no obvious link between your identity and any of the addresses you've used in the process unless your identity for your original bitcoin address were compromised at the start of the process.

This article is about the (exponentially) increasing amount of energy required to send transactions and keep the infrastructure running:

https://blockgeeks.com/bitcoins-energy-consumption/

What is the counter-argument to the argument that the energy required long term will be completely insane due to the PoW getting harder and harder? Will stuff like SegWit help in this regard?

I'm bullish on btc overall btw. And the question above isn't related to the environmental, but more the economical implications.

Bitcoin will always be more expensive than more intelligent or centralized alternatives while it uses proof of work.

The difficulty is a non-issue though. The network adjusts to the amount of computing power available.

Some thoughts in favor of PoW. "Bitcoin mining is perfect for consuming marginal watts: excess capacity from hydro-electricity, natural gas, etc. So very low footprint."

http://www.truthcoin.info/blog/pow-cheapest/

Yeah except it's total nonsense. Most Bitcoin is minted in China, which is one the worst coal-fired polluters in the world.

Also, neither hydroelectricity or natural gas have excess except in Iceland, which mint a small fraction of all coins. Hydroelectricity is nearly always on demand, as is gas. They tend to be spare capacity that offsets baseload; using them for Bitcoin is just like burning coal.

"Very low footprint" is pure bull****. Bitcoin is the highest energy and CO2 footprint of any payment system/currency by many orders of magnitude.

TS, what is the cost of the USD footprint, or cost to secure the value of the USD ?

and since btc is considered to be global, maybe it should be compared to the cost of all currencies/payment systems combined ?

An encouraging view on Bitcoin improvement coming soon:

"Mike Belshe‏ @mikebelshe Jun 22
Segwit2x's 91% miner support is strongest consensus signal ever for blocksz growth. Hard work is just beginning. https://coin.dance/blocks"

https://twitter.com/mikebelshe/statu...18988616966145

I really don't understand why people think this is a problem. Yes it costs a lot of electricity to mine btc. So what? Lots of things take a lot of electricity. Yes it will increase in the future. Again, so what?

I guess a lot of people are opposed due to global warming concerns, but that's really because of a lack of Carbon tax causing China to have artificially cheap coal power plant electricity but that's a problem unrelated to bitcoin. Long term solar will be much cheaper.

Well it's wasteful for one. Also what to you think happens when the bitcoin reward halves again and power usage has increased exponentially at that point? Miners exit = even more threat for 50%+ control.

It's not wasteful. It's what secures the network and makes bitcoin possible. Bitcoin mining rewards has already survived many halvings with no issues. The hash rate difficulty self adjusts and it's a non issue.

Question, after today's etherems crash and bitcoin subsequent downswing. How should I handle this worn Coinbase to sell high buy low?

Let's sat BTC is $2500, I preduct it will drop to $2200 in the next 1 hour. I have $1000 BTC in my Coinbase Bitcoin wallet.

Should I withdraw to my bank account? Or use the US dollar wallet? That doesn't fluctuate? Then use the usd wallet to buy back in for $1000 when it hits a low of $2200?

Fees in cured?

Also what is the best easiest way to quickly sell before the downswing on Poloniex?

Hey guys I know very little about bitcoin, I was using Circle but I believe they closed if not mistaken. Was gonna withdraw about $300 from Ignition , need it to be able to deposit straight to my bank or paypal, best suggestion?

Notes on the main BTC exchanges for US/Canada residents:

1.Coinbase/Gdax (San Fran)-for frequent trading in USD/BTC use the GDAX part of Coinbase rather than Coinbase wallets to save fees;easy bank acct funding withdrawal but at a higher cost
2.Kraken (San Fran) -great for low fee trading among USD/many coins;Canadians also seem to like it; USD deposit/withdrawal available but slower, less convenient
3.Poloniex (SF/Montana?)-does not trade or fund in USD so inconvenient, but is highly used
4.Gemini (NY)-reliable underused exchange owned by billionaire Winklevoss twins
5.Cex.io (UK)-nice for small credit card exchanges
6.Bittrex (Las vegas)-good for special coins trading;no USD

Corrections/additions are welcome.

Ethereum Foundation Coin is controlled by the Ethereum Foundation. If they want to roll back a transaction to protect an insider who made a bad investment, they can (and have). Sorry, it's centralized. There is a choke point. What Vitalik says is law, not the code.



Prices can always change relative to each other. You would use a unit of account to measure what you consider being up or down. If you use dollars as your unit of account as many do, then you just need to compare how you are doing against the dollar.


Transactions themselves are not expensive for miners. It's including them that is. The PoW gets harder whenever the fees people are willing to pay support them (and the value of Bitcoin does this).

Most Bitcoin mining in China is done with hydro plants that have no real good use right now. They literally will just pump water up to the top with the excess electricity they otherwise would be using to mine Bitcoin, or just let the water run off and the potential energy go to waste.

The fact that China has a lot of Coal means nothing since that's not where they are mining. Mining companies are contracting with hydro plants to give them an extra revenue source from their powerplants built in distant regions not well connected. Now the hydro plants are doing it themselves and cutting out the middlemen.

Bitcoin's environmental cost only seems high when you completely omit the cost of the legacy system as well. All those bankers and buildings need to exist and have people driving to and from work to support them, etc... Buildings have electricity, etc...


SegWit2x is a cancer, but hopefully it just activates BIP148 and we can ignore it again.

Ethereum is crashing the market today. Buylow now? Or will it get lower? Suprised no one is talking about it.

Try the Ethereum thread, this is the Bitcoin thread.

But as predicted, the ICO bubble starts popping and ETH crashes into a death spiral. All this money was raised for useless projects that will never make money, so they need to sell ETH to pay for things, which drivers price down (with no real demand for it since the only demand is for buying **** ICOs), which causes them to have to sell more, into a death spiral.

Never catch a falling knife. Especially when it's covered in poo.

i bailed on all my btc, eth, and ltc on friday the 23rd. looks like i did it at the nick of time

Apparently there was a rumor started on 4chan that Vitalik died, and the price went down....now its recovering again. Just goes to show you how volatile this thing is. Probably started by someone who shorted eth or something lol.

I was going to try to wait until btc got back up to around 3k and eth up to 350+. but both were so stable during the day on Friday it just seemed like nothing was going to happen soon. Friday was about the calmest day in memory I recall in the last 2 months for BTC. like when that water receded before the tsunami hit.

BTC dominance is up to $43.2 which is 3 or 4 higher than a few days ago!

How so? Also you clearly think BIP148 is better?