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Virtual Currency - Alt Coin Discussion Thread Virtual Currency - Alt Coin Discussion Thread

04-28-2017 , 08:46 AM
Quote:
Originally Posted by Pinkmann
How can I reset/wipe my nano S and practice the recovery process? If I understand correctly, if I enter the wrong pin a few times it will be reset and then I can start the recovery? Obviously doing it with negligible eth.
Thats my understanding..... gonna set mine up today
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04-28-2017 , 12:58 PM
Quote:
Originally Posted by Pinkmann
How can I reset/wipe my nano S and practice the recovery process? If I understand correctly, if I enter the wrong pin a few times it will be reset and then I can start the recovery? Obviously doing it with negligible eth.
ya, or depending what firmware you have if you update it, it will wipe. but with the latest firmware, i think 1.3, updating firmware no longer wipes the device.
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04-29-2017 , 12:36 AM
ETH is mooning again. Smart money is coming in imo.
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04-29-2017 , 08:22 AM
Ripple too
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04-29-2017 , 09:44 AM
Anyone help me out with info on Tezos pre-sale?
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04-29-2017 , 09:59 AM
Quote:
Originally Posted by Dr Reality
Anyone help me out with info on Tezos pre-sale?
It's uncapped and could get out of control and be dao-like
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04-30-2017 , 01:12 AM
What is the best wallet to store ETC (besides trezor, I´m too broke for that lol)?? Does anyone here use jaxx?

I have heard negatives things about jaxx, but mostly their mobile wallet. Not sure if desktop wallet works fine.
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04-30-2017 , 08:44 AM
What negative things have you heard about Jaxx?

The only issue I'm aware of is because it's an HD wallet if you're storing tokens on it and send eth out of that specific address you can't send your tokens. But this is a newb issue and is easily remedied by a basic competence user.
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05-01-2017 , 01:53 AM
Quote:
Originally Posted by StepBangin
I have MyEtherWallet as well, but the majority of my ETH are in Kraken.

Is it absolutely terrible to leave it in my Kraken account? I have 155.xxxx ETH, so just over $3200.
Well this sucks. I sold all my ETH (155 coins) and BTC (just over 10 coins) in late November to use as a down payment on a house... Sort of regretting that now
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05-02-2017 , 08:57 PM
Quote:
Originally Posted by housenuts
What negative things have you heard about Jaxx?

The only issue I'm aware of is because it's an HD wallet if you're storing tokens on it and send eth out of that specific address you can't send your tokens. But this is a newb issue and is easily remedied by a basic competence user.
In their reviews there's people complaining about coins dissapearing or something, but mostly their mobile wallet. I will give it a try anyway, I hope I don't lose anything

Thanks!
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05-02-2017 , 11:03 PM
I'm just starting to use Jaxx and only have Electrum for Bitcoin to compare it to. I like the way Electrum has more user options for manually setting fees, and seems to give you better visibility to all of the addresses that you are using.

With respect to that, Jaxx seems more like a training wheels wallet. It's super simple, but you can't run it with custom settings the way you might want if you really know what you're doing.

The shapeshift integration is huge. Being able to switch BTC for ETH without setting up any accounts is beautiful.
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05-03-2017 , 07:20 AM
Inability to choose own mining fee on Jaxx is annoying. Even the lowest fee option is still too high.
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05-03-2017 , 07:48 AM
In Electrum I can choose $0.5-$INF, in Jaxx with ETH I can choose $0.02. I prefer the latter.
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05-03-2017 , 09:38 AM
Agreed, ETH is way cheaper, which is why I'm exploring Jaxx. The thing I didn't like was when I went to import a paper wallet, one option was to input a private key, when I did this, it automatically transferred my BTC from the paper wallet address to the Jaxx BTC wallet address without giving me an option to approve or modify the fee size.

I had actually assumed when I put in my private key, it would compute the public key, add that public key to my Jaxx wallet, and store the private key for future use/transactions. I was a bit disappointed in the automated behavior of the whole thing. I might try importing a public key tonight. I suspect that will do what I want it to do.
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05-03-2017 , 09:43 PM
I just wonder if some investors in ETH are thinking that ETH is like Bitcoin and has some support in the Wall Street banks and is less based in China, so it should be worth the same or more than BTC which is at ~$1,500 each. So with that view even $100/ETH is dirt cheap. That seems crazy but its not implausible. I just wonder what the near term price ceiling is on ETH. How are people are assessing its value?
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05-03-2017 , 10:08 PM
Quote:
Originally Posted by Pokerlogist
I just wonder if some investors in ETH are thinking that ETH is like Bitcoin and has some support in the Wall Street banks and is less based in China, so it should be worth the same or more than BTC which is at ~$1,500 each. So with that view even $100/ETH is dirt cheap. That seems crazy but its not implausible. I just wonder what the near term price ceiling is on ETH. How are people are assessing its value?
I don't think comparing prices are that useful since you don't take into account money supply and expected money supply in the future.
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05-03-2017 , 10:27 PM
I think money supply is the biggest thing holding back ETH. Bitcoin has the first mover advantage and the fact that it's super simple to understand. There's 21M coins and it's a simple cash replacement. If they didn't cripple their blocksize, it would be through the roof.

ETH is harder, the supply isn't 100% defined, there will likely be a massive change to POS, everyone is making their own tokens, etc. It's impossible to even really give a fair estimate of market cap under those conditions. And therefore it's really difficult to gauge price and utility.

Personally, I can't understand why BTC is on an upswing. There's been no movement on scaling problem, and until that shakes out, there's no reason for the price to rise significantly. Meanwhile, everyone is building on and investing in ETH stuff.
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05-03-2017 , 10:32 PM
Does anyone know; in the Jaxx wallet why the max BTC to ETH shapeshift is so low? From what it looks like you can only shapeshift ~1BTC at any given time.
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05-04-2017 , 12:05 AM
Quote:
Originally Posted by vikthunder
I think money supply is the biggest thing holding back ETH. Bitcoin has the first mover advantage and the fact that it's super simple to understand. There's 21M coins and it's a simple cash replacement. If they didn't cripple their blocksize, it would be through the roof.

ETH is harder, the supply isn't 100% defined, there will likely be a massive change to POS, everyone is making their own tokens, etc. It's impossible to even really give a fair estimate of market cap under those conditions. And therefore it's really difficult to gauge price and utility.
Just some notes on this.

Supply is really hard to understand for both. I would guess today there is about 12M-14M bitcoins available. Inflation is around 1-2BTC/min and given todays price I assume it will remain above 12.5MB/10min for a while.

Right now Ethereum is even more complicated to understand. But maybe soon we will get a slightly easier like "something something < 103M". There is a lot of uncertainty here, but that is for us speculators to speculate on.

I like the idea of having a known max, but I find Bitcoin to be a bit too slow to get there. As a scaling solution I wouldn't mind to just decrease the block time to say 1min. I am sure miners would like it also. I also like PoS much more than PoW even with no block reward.
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05-04-2017 , 01:11 AM
Quote:
Originally Posted by vikthunder
I think money supply is the biggest thing holding back ETH. Bitcoin has the first mover advantage and the fact that it's super simple to understand. There's 21M coins and it's a simple cash replacement. If they didn't cripple their blocksize, it would be through the roof.

ETH is harder, the supply isn't 100% defined, there will likely be a massive change to POS, everyone is making their own tokens, etc. It's impossible to even really give a fair estimate of market cap under those conditions. And therefore it's really difficult to gauge price and utility.

Personally, I can't understand why BTC is on an upswing. There's been no movement on scaling problem, and until that shakes out, there's no reason for the price to rise significantly. Meanwhile, everyone is building on and investing in ETH stuff.
To get into the booming alt market, you pretty much gotta buy btc which helps btc. And now people cash out of alts to btc. But honestly with **** ripping this hard I think someone is in the know that my etf theory is legit.
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05-04-2017 , 08:38 AM
If you want it to take over bitcoin, look at the market cap, not the price per coin. If there's a flippening, eth could go to around $400 at current market rates. Of course room to grow on top of that if the space continues to grow, which it should.
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05-04-2017 , 08:40 AM
Quote:
Originally Posted by onemoretimes
But honestly with **** ripping this hard I think someone is in the know that my etf theory is legit.
The coin etf was denied because bitcoin is traded and price is partially derived from unregulated exchanges. The exact same issue exists with Ether. There is zero way the SEC approves an eth etf for this reason.
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05-04-2017 , 08:45 AM
I agree. Look at the LTC circus yesterday and charlie lee who P&D his **** coin while working at coinbase..
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05-04-2017 , 02:07 PM
Quote:
Originally Posted by housenuts
The coin etf was denied because bitcoin is traded and price is partially derived from unregulated exchanges. The exact same issue exists with Ether. There is zero way the SEC approves an eth etf for this reason.
Yes, but something HAS changed. The only unregulated exchange that accepts USD has been locked up.. Bitfinex. Price has shown to vary from exchange to exchange depending on the options to deposit/withdraw fiat. If COIN only used the price from the only remaining regulated exchanges in the US, the price wouldn't exactly be decided by unregulated exchanges like they said.

As I've said before, it's uncanny timing that Bitfinex got locked up after being fine for years, and then the SEC approves the review shortly after.
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