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Old 03-17-2017, 05:58 PM   #1126
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Re: Virtual Currency - Alt Coin Discussion Thread

if you're borrowing BTC - then you dont sell it... just hold.

if you're borrowing fiat - then you buy BTC with it... and just hold
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Old 03-17-2017, 06:02 PM   #1127
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Re: Virtual Currency - Alt Coin Discussion Thread

but how do you get the BTU coin once you close your position?
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Old 03-17-2017, 06:22 PM   #1128
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Re: Virtual Currency - Alt Coin Discussion Thread

the exchange credits the accounts that are holding btc... then close your position.
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Old 03-18-2017, 11:06 AM   #1129
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by aggo View Post

My understanding is that if you are borrowing BTC, you may stand to gain its associated BTU. For example, on margin if you short BTC/USD, you are borrowing BTC. If you are long BTC/USD, you do not gain associated BTU because you're borrowing USD.
I don't think this is right. If your shorting it, it means you sold it to someone else so there's no way you could get the BTU because the person who bought it from you would get it.

If you borrow usd to buy btc. The btc would then be in your account and you would get the btu. So essentially you have to go long on margin which makes it a pretty tough play because who knows how long this thing is gonna tank. Swore to myself to never try and time the market and it seemed so much like a no brainer to sell into this ****. Would have been nice if I did.
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Old 03-18-2017, 11:56 AM   #1130
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Re: Virtual Currency - Alt Coin Discussion Thread

BTC crashing down and taking everything with it. Hopefully I can get some cheap ETH by the time my wire goes through.
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Old 03-18-2017, 11:02 PM   #1131
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by onemoretimes View Post
I don't think this is right. If your shorting it, it means you sold it to someone else so there's no way you could get the BTU because the person who bought it from you would get it.

If you borrow usd to buy btc. The btc would then be in your account and you would get the btu. So essentially you have to go long on margin which makes it a pretty tough play because who knows how long this thing is gonna tank. Swore to myself to never try and time the market and it seemed so much like a no brainer to sell into this ****. Would have been nice if I did.
i messed up part of that explanation.

here's the finex announcement back at the split
http://blog.********.com/announcemen...lassic-launch/

Quote:
For those who had ETH funding provided or an active ETH margin position:

We will be settling ETH margin long positions as of 13:20:40 UTC 20/07/2016. Those who had margin long positions will be receiving an equivalent to the size of their position in ETH credited to their account in ETC. Those who provided ETH for margin funding will receive an equivalent to their available ETH balance in their deposit wallet as of the aforementioned time.
If you have any questions, please feel free to let us know, support@********.com.
I'm not a trader, so I got confused as to which pairs are being borrowed when you short/long eth/usd or eth/btc.

Summary is that if you borrowed ETH at a predetermined moment before the HF, you were credited with its associated ETC. That main part is correct. You cannot lend ETH (or BTC) and be credited with ETH & ETC (or in our case BTU).
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Old 03-18-2017, 11:34 PM   #1132
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Re: Virtual Currency - Alt Coin Discussion Thread

Why 2p2 blocks bit finex address is beyond me
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Old 03-19-2017, 01:02 PM   #1133
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Re: Virtual Currency - Alt Coin Discussion Thread

Is b1tf1nex ok to use at this point?
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Old 03-19-2017, 05:00 PM   #1134
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Re: Virtual Currency - Alt Coin Discussion Thread

https://www.reddit.com/r/ethereum/co..._stays_high_i/

I'm not sure if vbuterin is actually Vitalik?

Anyhow the response has some good info on possible projected inflation rates upon a switch to POS. (.1 to .6 ETH per 14 seconds.)

All this talk about needing high block rewards to support mining confuses me a little bit. If you reduce inflation, the price is likely to rise, thus the reward will be the same, but the price is higher. 5 coins at $40 is the same as 2.5 coins at $80.

I guess if the case is that miners are hoarding, then the price wouldn't rise with a reduction in inflation.
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Old 03-19-2017, 05:35 PM   #1135
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by onemoretimes View Post
https://www.reddit.com/r/ethereum/co..._stays_high_i/

I'm not sure if vbuterin is actually Vitalik?
Yes it is.
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Old 03-20-2017, 03:17 PM   #1136
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Re: Virtual Currency - Alt Coin Discussion Thread

Bought LSK last week. 420 smoke weed erry day.

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Old 03-21-2017, 02:45 AM   #1137
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Re: Virtual Currency - Alt Coin Discussion Thread

http://carbonvote.com/

Interesting way to vote on what people want the reduction in ETH inflation to be. I don't know how much weight the vote holds, but it does make sense that since the initial plan to reduce inflation was in the next 3 months, they might as well still reduce it some if they can, especially with the current price of ETH.

I was thinking in the 2-3 block range which would be half, but hell, when ETH goes to $80, it'll just be back at what it is. Doesn't seem to be getting many votes, but I'd be all about the 1.5-2 range. It just seems wasteful spending more. Honestly if it goes to 1.5 or so I think the price doubles and we're right back to the same reward thus the same hashing power.

Waiting for the move to POS is like waiting for the BTC etf. I think it's that big.
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Old 03-23-2017, 06:43 PM   #1138
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Re: Virtual Currency - Alt Coin Discussion Thread

http://blog.storj.io/post/1587406071...ty-to-ethereum

Quote:
Because Counterparty uses the Bitcoin blockchain for transactions, which is currently having issues with transaction backlog, our users have experienced extremely long transaction times (hours to days).

Because Counterparty transactions create small inputs and are heavier than normal BTC transactions, users have experienced extremely high fees for transactions. For the February farmer payout we paid over $1,600 in transaction fees, or about 13% of total payouts. This is not sustainable or scalable.
Quote:
Use of an Ethereum-based token offers clear solutions to the problems listed above:
Development is extremely active. Features are added regularly and bugs are dealt with quickly.
Ethereum transactions are usually confirmed in seconds to minutes.
Ethereum fees are currently negligible.
Future layer 2 solutions like Raiden are promising, and explicitly support ERC20 tokens.
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Old 03-23-2017, 08:02 PM   #1139
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by heltok View Post
I've noticed that when Poloniex leads the push on ETH, it's people moving from BTC to ETH. When Gdax leads the push, it's fresh cash deposits. I'd rather see fresh cash deposits, but today was lead by polo, guessing maybe getting some help from the above article.


Then also a day ago bitpay has had these:

https://www.cryptocoinsnews.com/bitp...saction-costs/

https://bitcoinmagazine.com/articles...re-compelling/

Sounds like bitpay is trying to hold out for bitcoin to scale, but they are getting fed up. Obviously ETH will be first in line if they decide to make a switch. They might as well just add it and keep BTC and give people the option. I don't know why they are so slow to move on it, it seems like they have some sort of underlying attachment to bitcoin. How can they find no other options compelling???? Prolly trying to load up under the radar before they switch or add :-)

Curious as to what the price action would be if they said they were switching.
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Old 03-23-2017, 10:08 PM   #1140
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Re: Virtual Currency - Alt Coin Discussion Thread

And this is what happened to circle!

http://www.nasdaq.com/article/circle...ereum-cm756655

BTC had first mover on blockchain currency. ETH has 2nd mover on that and first mover on everything else.
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Old 03-24-2017, 12:20 AM   #1141
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Re: Virtual Currency - Alt Coin Discussion Thread

The way I view it:

Crypto is growing exponentially. For the early years this growth was to 90% absorbed by Bitcoin. Then Bitcoin hit the 1MB limit, solutions to fix this was stalled. So the new growth had to turn to altcoins of which Ethereum was the biggest one. If nothing happens I can see Bitcoin remaining around 20B market cap and Ethereum growing 10x per year for a few more years.

As an old time bitcoiner I find this very sad, and I wish we would just fork it so we can have two different solutions. Hopefully at least one of them will keep growing after the first turbulent weeks are over.
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Old 03-24-2017, 01:22 AM   #1142
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Re: Virtual Currency - Alt Coin Discussion Thread

If eth 10x a year for the next few more years it will have nothing to do with bitcoin's blocksize

10x growth is completely ridiculous. Most metrics are showing that bitcoin usage is about 50-100% yoy. Just look tx growth for eth and btc. 10x is completely drunk
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Old 03-24-2017, 02:39 AM   #1143
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by aggo View Post
If eth 10x a year for the next few more years it will have nothing to do with bitcoin's blocksize

10x growth is completely ridiculous. Most metrics are showing that bitcoin usage is about 50-100% yoy. Just look tx growth for eth and btc. 10x is completely drunk
https://blockchain.info/charts/marke...verageString=7

Market cap 2010 was ~$100k and in 2013 $~10B. That is 10000x growth in 3years or 20000x in 7years. So it fell from ~20x/year to ~4x/year, maybe partly because the limit was hit.
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Old 03-24-2017, 06:52 AM   #1144
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Re: Virtual Currency - Alt Coin Discussion Thread

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If eth 10x a year for the next few more years
The party will be epic
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Old 03-24-2017, 01:30 PM   #1145
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Re: Virtual Currency - Alt Coin Discussion Thread

Something to keep in mind. If say $500 mil worth of btc gets fed up and decided to join eth train, it doesn't just decrease btc market cap by 500 mil and increase eth by 500 mil. It will be exponential beyond that, dunno what it would be exactly.

I feel like one of these days there will be a MASSIVE flip, today is decent, but I see bigger in the future.
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Old 03-24-2017, 02:06 PM   #1146
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Re: Virtual Currency - Alt Coin Discussion Thread

It's called the FLIPPENING
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Old 03-24-2017, 02:38 PM   #1147
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Re: Virtual Currency - Alt Coin Discussion Thread

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Old 03-24-2017, 06:26 PM   #1148
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by heltok View Post
The way I view it:

Crypto is growing exponentially. For the early years this growth was to 90% absorbed by Bitcoin. Then Bitcoin hit the 1MB limit, solutions to fix this was stalled. So the new growth had to turn to altcoins of which Ethereum was the biggest one. If nothing happens I can see Bitcoin remaining around 20B market cap and Ethereum growing 10x per year for a few more years.

As an old time bitcoiner I find this very sad, and I wish we would just fork it so we can have two different solutions. Hopefully at least one of them will keep growing after the first turbulent weeks are over.
Something will happen sooner or later. Miners will be forced to either fork or adopt segwit if the price downtrend continues to an amount where mining becomes unprofitable. The stalemate can't continue indefinitely

Has anyone done research / invested in maidsafecoin?
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Old 03-24-2017, 06:46 PM   #1149
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Re: Virtual Currency - Alt Coin Discussion Thread

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Old 03-24-2017, 06:51 PM   #1150
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Re: Virtual Currency - Alt Coin Discussion Thread

I've been holding onto a bitcoin cash out the last few days waiting for the price to go back up (lol). Should I just bail now? Do you guys expect it to go back up? I'm willing to wait and gamble but i'm afraid with my luck and at the rate it's dropping it'll somehow be at 600 in a week.
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