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Old 10-12-2017, 05:07 PM   #21751
augie_
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Re: Bitcoins - digital currency

https://blog.blockchain.com/2017/10/...kchain-wallet/

this seems like a pretty big deal. has coinbase announced how they intend on labeling the two chains? if the big wallets just start referring to BT2 as BTC won't that create absolute chaos in the price? if the below articles are true, and coinbase joins blockchain in labeling BT2 as BTC, is that a huge storm brewing?

https://bitcoin.co.th/segwit2x-follo...-mining-power/

that article says 95% of mining power!

https://medium.com/@jimmysong/segwit...k-27749e1544ce

this article says 87% of mining power.
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Old 10-12-2017, 05:13 PM   #21752
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Re: Bitcoins - digital currency

Augie has his place in these threads....in an industry that is just filled to the brim with optimism/confidence...someone needs to be in there asking questions to the contrary(even if he sounds like a dumbass in doing so).

It's very hard to find well-informed opinions against bitcoin or other cyrptos while within 5 seconds you can find 100+ YouTube channels that are dedicated to hyping different coins/ICOs.

IMO let him keep spouting off because it gets educated people to give out information along the way.

As I get more and more invested into crypto I want more and more detractors to come out in order to keep me in check/have me questioning everything because If I can say to myself "yeah he's wrong" then I will have the stones to hold through the next 25%+ sell-off.

Any uncertainty regarding this fork makes me even more confident in just continuing to buy LTC leading up to the fork (already have a core BTC position that I never plan on selling).
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Old 10-12-2017, 05:18 PM   #21753
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Re: Bitcoins - digital currency

thanks.

duffman, what do you think about this labeling issue from the two biggest wallets? seems like the twitter community is just sweeping this fork the rug as if it will end up like BCC. there's an endless sea of "no2x" handles, but there doesn't seem to be a lot of acknowledgement that over 80% of the mining power being behind this.
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Old 10-12-2017, 05:35 PM   #21754
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Re: Bitcoins - digital currency

Quote:
Originally Posted by Duffman08 View Post
Augie has his place in these threads....in an industry that is just filled to the brim with optimism/confidence...someone needs to be in there asking questions to the contrary(even if he sounds like a dumbass in doing so).

It's very hard to find well-informed opinions against bitcoin or other cyrptos while within 5 seconds you can find 100+ YouTube channels that are dedicated to hyping different coins/ICOs.

IMO let him keep spouting off because it gets educated people to give out information along the way.
If you think Augie makes a valuable contribution, why do you insult him twice in the process of acknowledging it?
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Old 10-12-2017, 05:41 PM   #21755
Mat Cauthon
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Re: Bitcoins - digital currency

I don't really appreciate the tone or the confidence without knowledge to back it up. But I guess it's part of human nature to think that you know a lot, because you don't know what you don't know.

I apologize for being a douchebag augie_! Keep challenging peoples opinions, keep being curious, but also please be a bit humble that others have been involved in this space for quite a while .

I skipped over your posts the last few days, but I will read through them tomorrow and see if there are any questions you haven't gotten answers to, or statements that I don't agree with.
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Old 10-12-2017, 06:06 PM   #21756
Duffman08
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Re: Bitcoins - digital currency

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Originally Posted by augie_ View Post
thanks.

duffman, what do you think about this labeling issue from the two biggest wallets? seems like the twitter community is just sweeping this fork the rug as if it will end up like BCC. there's an endless sea of "no2x" handles, but there doesn't seem to be a lot of acknowledgement that over 80% of the mining power being behind this.
Dunno, I haven't looked into it much yet.
I have my initial BTC position that I plan to just tuck away securely and let ride.

I'm more interested in trying to educate myself on which of these emerging coins/companies can actually pull off the technology that they claim (ie IOTA etc..) and which 900+ of the current coins will someday become near 0$. Lot more potential $ to be made there. Think there's a lot of pairs trading that will make hella sense just by simply following the advice of the right programming nerds and keeping track on development progress.

My uneducated guess is that the biggest killer of some of these coins will be the development teams jumping ship for the next hot item or better paying gig when the going gets too tough or the initial ICO funds have dried up. (this is why I feel LTC doesn't get NEAR enough love...besides BTC it's survived the bearish years and is still here whereas 99% of these coins haven't).


Bitcoin is going to do what bitcoin does...Rise...fallll...boom...die...Boom again. Think the best play in it is to just buy the fear and hold(I need to improve at this).
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Old 10-12-2017, 08:16 PM   #21757
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Re: Bitcoins - digital currency

5.4k
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Old 10-12-2017, 09:39 PM   #21758
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Re: Bitcoins - digital currency

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Originally Posted by ToothSoother View Post
Without an ETF this thing goes to zero. Protocols like Ripple or other altcoins do nearly everything better than bitcoin does. Bitcoin is fundamentally flawed by its processing time for a transaction, its difficulty of use, and the control/cost issues around mining, and will never mainstream and will thus eventually become worthless once a quality alternative anoncoin is doing well.
hahahahaha!

poser.
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Old 10-12-2017, 09:57 PM   #21759
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Re: Bitcoins - digital currency

5.5 O_O

I sold at 4800 thinking I was a smarty pants and that it would go back down but I was an idiot. Got back in at 5300.

Edit: 5.6 now O_O

Last edited by Czar Chasm; 10-12-2017 at 10:11 PM.
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Old 10-12-2017, 10:00 PM   #21760
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Re: Bitcoins - digital currency

In before 6k
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Old 10-12-2017, 10:28 PM   #21761
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Re: Bitcoins - digital currency

I don't think it will serve much purpose for posters to come in here and just celebrate the new all time high.

Spoiler:
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Old 10-12-2017, 10:29 PM   #21762
Max Cut
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Re: Bitcoins - digital currency

zealot
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Old 10-12-2017, 10:38 PM   #21763
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Re: Bitcoins - digital currency

Augie, you keep rehashing the same ****. Whether that **** is correct or incorrect at this point, it doesn't matter, you've fully explained your position on cryptocurrencies and therefor I have no idea why you keep posting in these threads. You're basically just a trolling at this point.
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Old 10-12-2017, 10:44 PM   #21764
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Re: Bitcoins - digital currency

Man what a day for bitcoin. Up 21% over the past 24 hours. Meanwhile poor ETH is down 2%.
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Old 10-12-2017, 10:59 PM   #21765
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Re: Bitcoins - digital currency

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Originally Posted by pontylad View Post
you've fully explained your position on cryptocurrencies and therefor I have no idea why you keep posting in these threads. You're basically just a trolling at this point.
i post in these threads because i have an interest in the subject. i also post in the MMA thread because i like MMA. hopefully this clears up your confusion.

luckily for me, i don't need your permission to post on the forums, but i do thank you for sharing your opinion on how i should spend my free time!

i hope i can count on you to take part in my ICO, my token is gonna be huge!
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Old 10-12-2017, 11:05 PM   #21766
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Re: Bitcoins - digital currency

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Originally Posted by omar coming View Post
Man what a day for bitcoin. Up 21% over the past 24 hours. Meanwhile poor ETH is down 2%.
I actually think that they are not correlated at all is good news.

Tho I would be very happy if both would rise in price.

But yeah, 20 point increase is insane. Also thanks litecoin.

****ing nuts you could have bought BTC like 2 weeks ago and it would have doubled in just 14 days basically.


Side note, about to hit $100,000,000,000 in cap.

Last edited by Go Get It; 10-12-2017 at 11:18 PM.
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Old 10-12-2017, 11:20 PM   #21767
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Re: Bitcoins - digital currency

Quote:
Originally Posted by augie_ View Post
i post in these threads because i have an interest in the subject. i also post in the MMA thread because i like MMA. hopefully this clears up your confusion.

luckily for me, i don't need your permission to post on the forums, but i do thank you for sharing your opinion on how i should spend my free time!

i hope i can count on you to take part in my ICO, my token is gonna be huge!
"The cost to ICO is estimated between $100-750K"
Wow augie, did not know you were ballin like that. Good for you, man.
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Old 10-12-2017, 11:26 PM   #21768
pontylad
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Re: Bitcoins - digital currency

Quote:
Originally Posted by augie_ View Post
i post in these threads because i have an interest in the subject. i also post in the MMA thread because i like MMA. hopefully this clears up your confusion.

luckily for me, i don't need your permission to post on the forums, but i do thank you for sharing your opinion on how i should spend my free time!

i hope i can count on you to take part in my ICO, my token is gonna be huge!
Are you 12?

You haven't shown a blind bit of interest in the discussions here apart from throwing around conjecture/opinion as fact and berating the opinion of others (before you ask, eg on some ICOs), maybe with the exception of your first post recently where you discussed your "theory".

I like reading this thread, you have been making these close to unbearable. I'm not the only person to suggest that you are borderline trolling at this point but be my guest,you don't need my permission to post but maybe you would do better if you had even the slightest grasp of self awareness.
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Old 10-13-2017, 12:02 AM   #21769
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Re: Bitcoins - digital currency

Quote:
Originally Posted by pontylad View Post
You haven't shown a blind bit of interest in the discussions here apart from throwing around conjecture/opinion as fact and berating the opinion of others (before you ask, eg on some ICOs), maybe with the exception of your first post recently where you discussed your "theory".
ok, gotcha, you dislike my posts. but you know full well saying i "haven't shown a blind bit of interest" is completely bogus. shame on you. i have written long and detailed posts and have mostly received short and insulting replies. i'm the one who's getting trolled and then also being called a troll at the same time.

Quote:
I like reading this thread, you have been making these close to unbearable.
i'm sorry that the software doesn't allow you to ignore me but i do have a secret hack for you. when you see my name and icon, don't read that post.

Quote:
maybe you would do better if you had even the slightest grasp of self awareness.
what would it mean for me to "do better?" could you give me a specific example for how i can modify my posts to gain your seal of approval?
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Old 10-13-2017, 12:32 AM   #21770
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Re: Bitcoins - digital currency

Can someone explain the legacy account thing I’m seeing on my Trezor now? Should I move my coins out of there into the new accounts? Not sure what the differences are?

Also when is the next hard fork that’s being talked about supposed to happen?
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Old 10-13-2017, 12:35 AM   #21771
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Re: Bitcoins - digital currency

Bitcoin Gold fork is scheduled for October 25th. SegWit2x fork is sometime in November.
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Old 10-13-2017, 12:53 AM   #21772
igotnext
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Re: Bitcoins - digital currency

I can't even believe there are people who refuse to accept btc at this point. The baby boomers just can't grasp the technology I suppose. Even 20k of btc will be worth a **** ton in 5 years.
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Old 10-13-2017, 01:08 AM   #21773
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Re: Bitcoins - digital currency

Quote:
Originally Posted by Pots-For-Sale View Post
Can someone explain the legacy account thing I’m seeing on my Trezor now? Should I move my coins out of there into the new accounts? Not sure what the differences are?

Also when is the next hard fork that’s being talked about supposed to happen?
I believe the Legacy account is simply the non-segwit account. Switch to your new account to be able to send send segwit (i.e. cheaper) transactions...
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Old 10-13-2017, 01:49 AM   #21774
Mat Cauthon
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Re: Bitcoins - digital currency

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Originally Posted by TheMVP View Post
I believe the Legacy account is simply the non-segwit account. Switch to your new account to be able to send send segwit (i.e. cheaper) transactions...
Yes. The simplest thing is probably to just send all your funds from your legacy account to your non-legacy account. Then you don't have to worry about it any more.
If you have more than one account, and want to keep them separate, then send all the coins from each account to a new, corresponding account.

If you use custom fee (at the bottom of the list of fee choices), then you can make the transaction(s) very cheap. You can use this https://anduck.net/bitcoin/fees/ to see which are the smallest fees that have gone through in the last day or so.
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Old 10-13-2017, 04:25 AM   #21775
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Re: Bitcoins - digital currency

Anyone here used Poloniex? My friend send some coins from there and they were sent to the wrong address. He's looked around and others are complaining about this as well. Not sure if it's an honest mistake, or some kind of exit strategy and they're going out of business or what.

Also I'm convinced that 10% spike for eth is going to look like nothing once everything else catches up to BTC. Even if they don't rise together, it usually seems like a rise in BTC does end up in a rise to all of the major coins.
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