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Thread: Bitcoin Cracks $5000

  1. #871

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    $8280
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals



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  3. #872

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    $7661.

    Anyone care to speculate on the continued downward trajectory? mt.gox continued dumping? I remember reading somewhere that sale of their coins by the trustee would not effect the markets?



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  5. #873

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    Bitcoin Price Faces Bear Indicator Not Seen Since 2014
    https://www.coindesk.com/bitcoin-clo...en-since-2014/
    This time around, the bearish crossover will likely occur at the turn of the month, if bitcoin extends the current decline towards the $7,000 mark, and would open the doors for a deeper sell-off towards the $5,000 mark.

  6. #874

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    MIT Tests Smart Contract-Powered Bitcoin Lightning Network
    https://www.coindesk.com/mit-testing...tning-network/

    An MIT test is providing a rare glimpse of how bitcoin might truly work at scale.Revealed to CoinDesk last week, the prestigious U.S. university has been quietly demoing an experimental use case for bitcoin's lightning network, one that showcases how it might be combined with smart contracts to not only handle millions of transactions, but do so with a greater degree of complexity.

    Modeled within the school's Digital Currency Initiative, started in 2015 as a way to further R&D on cryptocurrencies, the test envisions a system wherein transactions would take place automatically in the case of defined external events, based on say today's weather or the current price of U.S. dollars.

    This is possible due to MIT's creative use of so-called "oracles," trusted entities meant to broadcast data to smart contracts. For this demo, researchers Tadge Dryja and Alin S. Dragos built a test oracle to broadcast the recent price of U.S. dollars in satoshis, the smallest unit of bitcoins, which anyone can grab and use for their smart contracts.

    It's a notable step forward for the idea, one first proposed by lightning inventor Dryja last summer. However, this is the first time it's been implemented as a prototype with working code.

    Dragos told CoinDesk:

    "We built this as a standalone feature of our lightning network software. We chose data what we thought would be cool, U.S. dollars, but it could be any data you want, whether weather or a stock."


    Dragos stressed that the demo is "experimental" and "shouldn't be used for real money." That said, he and other MIT researchers are convinced that with the help of the lightning network, bitcoin might one day scale to capacities originally envisioned by its early users.
    As part of that work, MIT researchers have already created an implementation for the lightning network called lit, and this oracle code is an add-on of that work.

    "We at DCI, we really believe in the lightning network," Dragos said. "Bitcoin doesn't scale very well. I decided there has to be something better. Turns out what's better is lightning. It's the way to scale."

    Bitcoin smart contracts

    But while lightning provides scale, smart contracts add other new functionality to bitcoin. For example, should the tech in MIT's test be implemented, you could make some sort of a bet based on what's happening in the world.

    Or, in this case, a futures contract. Alice promises to pay Bob whatever the price of dollars is in satoshis on a certain day, say Friday. If a dollar is worth 12,150 satoshis by the end of the week, then she will end up paying that.

    It's a kind of advanced smart contract use case that is usually not associated with bitcoin.

    "When folks think smart contracts, they think ethereum. Their scripting language is much richer," Dragos admitted.

    But, he argues that with some workarounds, bitcoin can do the same thing.

    "It's not as developer friendly because bitcoin didn't go in that direction, but you can use it. You have to be a little creative," Dragos said.
    In short, it uses Dryja's "discreet log contracts" scheme to broadcast data to the smart contracts. One of the most important advantages of this scheme is scalability, because most of the data doesn't need to be stored on the bitcoin blockchain.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  7. #875

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    https://www.zerohedge.com/news/2018-...t-manipulation

    According to Bloomberg, the DOJ has opened a criminal investigation into whether large bitcoin traders - so-called "whales" - are manipulating the price of bitcoin. Market manipulation has been an increasingly popular topic in crypto world - particularly since prices started their historic surge.
    Bullish!
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  8. #876

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    Going to hit $5,000 again- in the other direction? Dropped below $6,000 today. Lowest since October. Year to date is is off more than 50% ($13,500 as the year started). It was almost $20,000 in December (peaked Dec 6 at 19,350). Lost two thirds of its value since then (however, it is still double what it was a year ago so the bubble may have a ways more to deflate).
    Last edited by Zippyjuan; 06-24-2018 at 04:11 AM.
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
    I am Zippy and I approve of this post. But you don't have to.

  9. #877

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    Quote Originally Posted by Zippyjuan View Post
    Going to hit $5,000 again- in the other direction? Dropped below $6,000 today. Lowest since October. Year to date is is off more than 50% ($13,500 as the year started). It was almost $20,000 in December (peaked Dec 6 at 19,350). Lost two thirds of its value since then.

    I'l bet Kludge who was mining by 2011 is still doing well.
    Quote Originally Posted by TheCount View Post
    Drudge is a traitor to the Leader and the Revolution.



    Quiz: Test Your "Income" Tax IQ!


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    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  10. #878

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    Quote Originally Posted by Danke View Post
    I'l bet Kludge who was mining by 2011 is still doing well.
    It was only about $5 back then.
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
    I am Zippy and I approve of this post. But you don't have to.

  11. #879

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    Quote Originally Posted by Zippyjuan View Post
    It was only about $5 back then.

    Yep. Maybe why he let the forums. Probably in the islands with hookers and blow.

    I bought some from him when it had already reached ~$600
    Quote Originally Posted by TheCount View Post
    Drudge is a traitor to the Leader and the Revolution.



    Quiz: Test Your "Income" Tax IQ!


    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  12. #880

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    Quote Originally Posted by Danke View Post
    Yep. Maybe why he let the forums. Probably in the islands with hookers and blow.

    I bought some from him when it had already reached ~$600
    That's not to bad either! It is just to volatile for me (plus I see it more as a gimmick than a real investment)
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
    I am Zippy and I approve of this post. But you don't have to.



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  14. #881

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    The $5760 low today was the lowest since before the Dec run-up.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  15. #882

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    Do you think it is a good idea to invest in Bitcoin or maybe look for some opportunities with some altcoins? I have found some nice tips and information about it on https://fintab.io/blog/ and I think that you might find that blog helpful to you too, good luck
    Last edited by pearsile; 07-13-2018 at 05:15 AM.

  16. #883

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    Quote Originally Posted by pearsile View Post
    Do you think it is a good idea to invest in Bitcoin or maybe look for some opportunities with some altcoins?
    I recommend you have some of both, whether it's 95% alt coin and 5% bitcoin or 95% bitcoin and 5% alt coin, or somewhere in the middle, some diversity is usually a good idea. Depends on whether you think bitcoin will continue to be the dominate coin and if it will have significant gains like it has in the past. Lightning network is still in testing phase, some say it is going well, others are saying there are issues - but that study that came out the other day saying there are issues actually hit the upper bounds of some artificial limits that have been put in place on the test network and those in the know say it is working just fine. Alt coins will probably do very well in the future as well, but it can be harder to predict which ones might do the best and which ones will be duds.
    Last edited by dannno; 07-03-2018 at 09:52 AM.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  17. #884

    Default

    Quote Originally Posted by pearsile View Post
    Do you think it is a good idea to invest in Bitcoin or maybe look for some opportunities with some altcoins?
    Like anything speculative, don't put in any more money than you can afford to lose. You should first have about a year's worth of expenses money put away first to cover things should you find yourself unemployed for whatever reason so you can pay your bills while looking for a new job.
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
    I am Zippy and I approve of this post. But you don't have to.

  18. #885

    Default

    https://www.zerohedge.com/news/2018-...s-4-week-highs

    The exchange also says it has rolled back all the irregular trades, and offers anyone who was negatively affected by trading during the rising SYS prices a zero-free [sic- fee] trading regime from July 5 through July 14.

    All other Binance users will be given a 70-percent rebate on trading fees throughout the same period, paid out in the platform’s native token, Binance Coin (BNB).
    The way you can tell that all of these crypto exchanges are run by the usual banker suspects is that their "mistakes" take your earned money and then to "fix" the mistake they give you "credits" back. Credits that the exchanges (or brokerages, if drawing comparison to stock markets) create at will. You lose your earned money. They give you created crap.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  19. #886

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    Bitcoin Analysis - Getting bumped higher, but stepping pattern could gas out. $6707


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