I'm so sick of their ****ing commercials at that start of every youtube video I watch.

I'm tired of the damn Tai Lopez Bitcoin commercials with him and all his supercars. Not getting targeted for the Bitconnect one

This +1btc

"This is my bitcoin wallet. But I didn't purchase them. I earned them. Here's how."

#youTubeNigerianScammer

+1

There are several major problems that will keep lightning from working the way everyone thinks it will.
1) Routing: currently all proposals for path finding and routing are actually less efficient and less effective than just broadcasting a standard bitcoin transaction. The actual desired architecture of the LN is essentially a problem that's gone unsolved in the computer networking industry for...as long as there's been computer networking.
2) The catch 22: If the blockchain blocks are full, there's no way to ensure a transaction can be disputed before the time-lock expires. If the blockchain blocks are not full, there's no reason to use lightning in the first place as on chain fees would be low. (source: the LN whitepaper)
3) Locking up funds: LN will have to consume/tie up ridiculous amounts of funds in order to have channel liquidity. It's just not practical.


They're testing a limited pre-alpha release that does almost none of the things that people are expecting from the LN. Recently, at a scaling discussion a LN developer was asked to give an estimate for when LN will be ready, he said hopefully 18 months. That's a long time to wait with full blocks, unreliable confirmations, and uncontrollable fees.

For anyone who cares, a report on my Cryptopia experience...

It hasn't worked out. After moving some LTC over there, I noticed that their LTC pricing is only $225-$230 while it's $245-$250 in most other places. So my buying power to convert LTC to altcoins is reduced by quite a bit. I don't know if the difference is always that great but I notice pricing for other coins is out of whack as well.

Between that and the low volume over there, I'm thinking about just moving it back to GDAX.

in times where the market has gone full ****** it is a good idea to reshuffle to quality projects like Bitcoin Cash. Don t fall for vaporware Lightning network illiquid BTC or all these crappy penny coins.

you are a sad, sad, loser.

I actually agree that the Lightning Network is massively overhyped and will be pretty much a non-starter with not much impact on Bitcoin at all.

However, recommending Bitcoin Cash as a quality project might be a bit of a stretch, too. They lack the quality developers that work on the main Bitcoin. Bitcoin developers + Bitcoin-related service developers probably outnumber the Bitcoin Cash developers by a factor of more than 100x.

Practically anything developed for bitcoin works on bitcoin cash and the other way around so arguing who has the best team as a way to pick the better coin makes no sense.

Have you looked around lately? Service developers adding/working on BTC support = ???

Service developers adding Cash? Bitpay, OpenBazzar, Many exchanges, Many small companies, etc.

And I'd take Gavin Andressen over anyone on core.

And how would Bitcoin Cash look if the developers copy one new Bitcoin feature (MAST, Schnorr, MimbleWimble...) after another? This would make it pretty obvious to everyone, which coin is the better coin.

In the current market developers are largely irrelevant, but once the altcoin bubble bursts, fundamentals will become more important.

Companies like BitPay have a business model that doesn´t work when
Bitcoin becomes a store of value (with high fees for transactions). They need something with fast confirmations and low fees and as we all have seen Bitcoin has already left that stage of evolution.

However, it isn´t really Bitcoin´s problem when some companies have a business model that doesn´t work anymore.

The only reason they have started to support Bitcoin Cash (and Segwit2x before that) is because they see how superfluous their business model has become.

hey guys noob here.
I have been funneling $ in and out of the btc market for a while now for strictly degenerate purposes.
Id like to take 5-10k to start and add to my btc investment strategy monthly to the tune of appx 1k or so.
Could anyone take the time to lay out a strategy for me? Id be happy to provide fair compensation for the time.
Feel free to PM or hit me itt
Cheers,

Are you asking for technical analysis?

Just set weekly buys on coinbase for $250?


And that'll be bout 3.50.

Don't do this.

Set limit buys on GDAX.

+1

Don't do this. Set them on Gemini. Anything related to Coinbase is a cancer on crypto.

+1

Gemini has segwit addresses, right?

But should I be looking at btc exclusively? Alt coins? This stuff is confusing yo

Will def look at Gemini tho

Not if you're just degen gambooling, but if you're long term investing definitely have at least 40% in BTC

I'm American but outside the US at the moment. I have a coinbase account that i created a while back and sent in documents and got verified. However i had 2FA on it and no longer use that phone anymore. I sent an email to coinbase on this and mentioned how i get an error but they don't seem to respond back or when they do, they don't seem to be helpful.


Gemini i cannot get verified because they seem to require a US cell number. I have a us google voice number but according to them, that isn't allowed to get verified. So I cannot even get verified on gemini. Coinbase and gemini are the 2 sites that i read are the best ones to cash out real money to bank account.


Can someone tell me what are my other options besides coinbase/gdax and gemini if i want to convert my bitcoin into real cash to my bank account? These are the 2 easiest ways that i heard was use coinbase or gemini but i cannot get verified on gemini... and with coinbase, they cannot even reset my 2FA because of a verification error. I was told i would then upload my verification documents again but i cannot do this due to that verification error message. Does kraken or bitstamp allow this? Basically i want a way to cashout btc into real money to bank account whether its bank wire or ACH transfer etc. A while back i used circle to do it and i thought it was great but they no longer allow it anymore.

Definitely invest in alts. The gains of Alts are just staggering right now. I actually took off my BTC and 100% invested in alts. A lot of alts just have better tech. Research in it. Look at Alt Discussion Thread.

Go to coinmarketcap.com to see the list

@pauly maybe bitstamp?