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Thread: Bitcoin Cracks $5000

  1. #631



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  3. #632
    Quote Originally Posted by specsaregood View Post
    Sure, it is irrelevant as far as the technology, bit its not irrelevant as to the topic of this thread. and it is not irrelevant in regards to the amount of investment people and companies have in the specific blockchain. the more investment, the more applications and features that will come through.



    Indeed, that's how I've always learned and how I've supported myself for 2 decades.

    As far as what they are capable of, you can also look at what others are doing.
    eg:
    well i have an argument with my cousin. This pay toll thing is totally not fit for the blockchain. They are showing off a POC but Ethereum or any blockchain provides zero value.

    Their last argument is a lie. They removed an expensive server by an expensive blockchain with variable fees associated with transactions. This goes back to the argument of can Bitcoin blockchain pay for coffees? No. Can ethereum be a payment layer for all server applications ? no.

    Time will tell who is right. All the current speculation about ADA and Eth and EOS is that those frameworks will be able to live up to their hype.

    About your smart contract. have you identified the external conditions?



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  5. #633
    Quote Originally Posted by Mordan View Post
    some do. stop lying. porn web sites sure do.
    BWHHAHAHAHAHA

    https://www.zerohedge.com/news/2018-...nvestors-money

    The burgeoning market for initial coin offerings is rife with fraud and abuse thanks to unscrupulous people like the creator of FMtokens, a coin designed as a means for paying performers for live webcam chats. The New York Post reported Monday that investors in FMtokens – which purportedly raised just shy of $5 million – are complaining that the company’s shadowy CEO, Jonatha Lucas, has absconded with their money while refusing to deliver the promised tokens.

    Lucas aimed to raise as much as $25 million, according to an investment plan.
    ................................
    Another investor claimed that Lucas appears to be actively trading on cryptocurrency exchanges, possibly with the money stolen from his erstwhile investors.
    Mordan? Do you have something you need to tell us?
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  6. #634
    Quote Originally Posted by Mordan View Post
    well i have an argument with my cousin. This pay toll thing is totally not fit for the blockchain. They are showing off a POC but Ethereum or any blockchain provides zero value.
    probably right, cool nonetheless and an example of something that can be done, not necessarily that it should be done.

    Quote Originally Posted by Mordan View Post
    About your smart contract. have you identified the external conditions?
    Nope, still batting around ideas of what to do. We have too much work paying work this time of year, doesn't slow down until late spring...

  7. #635
    Quote Originally Posted by dannno View Post
    Eth
    $1,204.96
    just busted through 1300. @1317 now. glad I unloaded the rest of my LTC last week, took my profits and put them all on ETH.

  8. #636
    Quote Originally Posted by specsaregood View Post
    just busted through 1300. @1317 now. glad I unloaded the rest of my LTC last week, took my profits and put them all on ETH.
    Eth price is driven by ERC20 ICOs.

    Real use case where a blockchain provides real value. Replaces stocks, VC funding etc.

    No external conditions. Would not work on a web server.

    As soon as you bring external conditions to a smart contract... a web server will do just as well unless those conditions can be trusted by a DPOS network like Bitshares.

  9. #637

  10. #638
    Quote Originally Posted by Mordan View Post
    Eth price is driven by ERC20 ICOs.
    Real use case where a blockchain provides real value. Replaces stocks, VC funding etc.
    No external conditions. Would not work on a web server.
    As soon as you bring external conditions to a smart contract... a web server will do just as well unless those conditions can be trusted by a DPOS network like Bitshares.
    No disagreements there. Finding actual use cases where a web server wouldn't be a better solution are difficult. Especially since I've specialized in web services for the past decade. But they are out there. I just haven't found one to build to and market to.

    And don't get me wrong, I think ETH is overpriced, same as BTC. LTC is probably underpriced by comparison, but still overpriced. And its all due to worthless speculation/gambling. As somebody that is more interested in the technology than the casino aspect, it sorta aggravates me. But whatever, I'm not opposed to making money off it.

    With that said, ETH is back to new highs after a few pullbacks this week. Up to $1417 today.

  11. #639
    Quote Originally Posted by specsaregood View Post
    No disagreements there. Finding actual use cases where a web server wouldn't be a better solution are difficult. Especially since I've specialized in web services for the past decade. But they are out there. I just haven't found one to build to and market to.

    And don't get me wrong, I think ETH is overpriced, same as BTC. LTC is probably underpriced by comparison, but still overpriced. And its all due to worthless speculation/gambling. As somebody that is more interested in the technology than the casino aspect, it sorta aggravates me. But whatever, I'm not opposed to making money off it.

    With that said, ETH is back to new highs after a few pullbacks this week. Up to $1417 today.
    Look up how Bitshares manages smartcoins that track the value of fiat currencies. (external condition)

    https://bitshares.org/technology/pri...ptocurrencies/

    Smart advanced stuff. Still haven't wrapped my head around it.


    PS: Eth can go to 2000 and back to 1000... I don't really care. the market is irrational.

  12. #640



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  14. #641
    Quote Originally Posted by The Northbreather View Post
    There will be blood

  15. #642
    I'm not an expert chart reader, but it still looks like Bitcoin has been bouncing around for the last month. If it gets below 8K-9K then it'll start looking like a major move down.

    Then again it's now down 22%! in one day!
    Last edited by Madison320; 01-16-2018 at 03:36 PM.

  16. #643
    #tankingtuesday
    #terribletuesday
    #titanictuesday

    Feel free to use

  17. #644
    Quote Originally Posted by Krugminator2 View Post
    Feels like this is headed to the 8-10k range over the next few weeks before you will see price stabilize. That would be a 50% pullback.
    Quote Originally Posted by Mordan View Post
    lol.

    what are your predictions this week?
    Last edited by Krugminator2; 01-16-2018 at 04:37 PM.

  18. #645
    It may have lost 10k from its highs but we are only back to where we were at the end of November. So far that is.

  19. #646
    Good time to re-balance / diversify crypto portfolio as well. Probably not a whole lot of rationale right now for the current relative prices between cryptos that can be taken advantage of.

    Given that the sell-off was precipiated by governments' threatening to ban and regulate crypto, what's a good privacy coin to buy? Also, if one has most of their portfolio in BTC on coinbase, what's the cheapest (and most private) way to diversify and rebalance?
    Truth forever on the scaffold, Wrong forever on the throne,--
    Yet that scaffold sways the future, and, behind the dim unknown,
    Standeth God within the shadow, keeping watch above his own.
    ‫‬‫‬

  20. #647
    Good point, kahless. BTC hit $8K during Thanksgiving week and I thought that was off the rails high.

    $10,950 right now.

    Yes, however, quite a ways from $19.8K a few weeks ago.
    Last edited by anaconda; 01-16-2018 at 09:32 PM.

  21. #648
    Plane_crashing.gif
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Crenshaw 2024!!!!

    My pronouns are he/him/his



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  23. #649

  24. #650
    Told ya it was a bubble

    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Crenshaw 2024!!!!

    My pronouns are he/him/his

  25. #651
    Quote Originally Posted by axiomata View Post
    Good time to re-balance / diversify crypto portfolio as well. Probably not a whole lot of rationale right now for the current relative prices between cryptos that can be taken advantage of.

    Given that the sell-off was precipiated by governments' threatening to ban and regulate crypto, what's a good privacy coin to buy? Also, if one has most of their portfolio in BTC on coinbase, what's the cheapest (and most private) way to diversify and rebalance?
    ^^this^^
    Last edited by The Northbreather; 01-17-2018 at 02:50 AM.

  26. #652
    Damn, that's a long ass candle.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  27. #653

  28. #654
    Quote Originally Posted by Krugminator2 View Post
    One correction. That dotted line should be the x axis.

  29. #655
    https://www.marketwatch.com/story/5-...ays-2018-01-17

    5 key reasons bitcoin, other cryptocurrencies have lost a stunning $370 billion in 10 days

    1). South Korea
    Seoul has said that the government intends to crack down on the trading of cryptoassets. Officials have also floated the idea of taxes on crypto trading and other measures to tighten its grip on market considered by some as supporting money laundering and dangerous speculative investing. By some measures, South Korea represents about a fifth of the virtual-trade volume.

    2). Russia
    Russian President Vladimir Putin said on Tuesday that more oversight of cryptocurrencies may be needed “This is the prerogative of the Central Bank at present and the Central Bank has sufficient authority so far. However, in broad terms, legislative regulation will be definitely required in future,” he said, according to Russian news agency TASS.

    3). China
    Beijing, which already has taken a hard line against the bitcoin community, which uses computing power to support the network and create new bitcoin through mining, has said it also is exploring further regulations or restrictions around digital-asset trading.

    4). Bitconnect $BCC
    The cyber currency known as Bitconnect, which has long drawn a critical eye from cryptocurrency investors because of its use of loans and the manner in which it solicits new investors, shut down. Bitconnect also promised a return of a quarter of a percentage point daily. Its currency, the Bitconnect coin, plunged by 94% after the announcement

    5). Bitcoin futures
    Futures for bitcoin on exchange platforms are set to expire this month. January bitcoin futures XBTF8, -3.12% on Cboe Global Markets Inc. CBOE, -0.56% were set to expire on Wednesday, down 42% over the past 30 days at $10,447, while those trading for the same month BTCF8, -1.88% on the CME Group Inc. CME, -0.49% are due to expire on Jan. 26. Those futures also are down about 42% at $10,455. Expiring futures contracts, in theory, can add to volatility.

  30. #656
    the magicianeers at work. . . $#@! fiat



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  32. #657
    Quote Originally Posted by axiomata View Post
    Good time to re-balance / diversify crypto portfolio as well. Probably not a whole lot of rationale right now for the current relative prices between cryptos that can be taken advantage of.

    Given that the sell-off was precipiated by governments' threatening to ban and regulate crypto, what's a good privacy coin to buy? Also, if one has most of their portfolio in BTC on coinbase, what's the cheapest (and most private) way to diversify and rebalance?
    Some Privacy coins are Monero, Zencash, Dash and Smartcash. Transfer BTC to another exchange eg Binance (based in Tokyo). No personal info needed only sign up with private email. As others have said this is not professional financial advice just some dude posting stuff on the net.
    Last edited by seapilot; 01-17-2018 at 10:26 PM.
    USE THIS SITE TO LINK ARTICLES FROM OLIGARCH MEDIA:http://archive.is/ STARVE THE BEAST.
    More Government = Less Freedom
    Communism never disappeared it only changed its name to Social Democrat
    Emotion and Logic mix like oil and water

  33. #658
    Crypto-Miners Buy Russian Power Stations

    By ZeroHedge - Jan 17, 2018, 2:00 PM CST


    https://oilprice.com/Energy/Energy-G...-Stations.html




    Two electric power stations in Russia were recently sold to a cryptocurrency miner looking to expand his operations – the latest sign that the country’s government-supported push to become a cryptocurrency mining hub has been successful.


    The two stations are situated in the Perm Region on the western slopes of the Middle Ural Mountains, and in the neighboring Republic of Udmurtia. The facilities will be used as data centers as well as housing for cryptocurrency mining equipment and a center for cryptocurrency mining. The price paid for the two stations? Roughly 160 million rubles (about $3 million), according to RT.


    After initially approaching cryptocurrencies with skepticism, the Russian government last summer signaled that it would instead try to regulate and embrace the markets.

    That trend has culminated with the Russian Ministry of Finance drafting a bill to legalize the trading of cryptocurrencies on approved exchanges, according to Deputy Finance Minister Alexei Moiseev, who has indicated that the government is seeking to provide greater oversight. President Vladimir Putin has ordered the government to create legislation governing the status of bitcoin, other cryptocurrencies, mining, and initial coin offerings, as well as defining everything that relates to digital money, by July.

    The bill will open the door to more open cryptocurrency trading and investment within Russia, as some countries like China have sought to stamp out both mining and trading.

    In August, a company known as Russian Miner Coin, or RMC, announced that it would try to raise $100 million in an initial coin offering, promising to allocate 18 percent of the company’s mining revenue to holders of their tokens. The company was founded by a close aide to Putin.

    ...
    Furthermore, the Russian government and its state-owned energy companies have reportedly considered launching a digital currency that could be used in partnership with Venezuela, Iran and Russia to circumvent U.S. sanctions in accepting payment for their oil exports, similar to Venezuela’s Petro, an oil-backed digital currency that is being developed by Latin America's favorite Socialist Paradise.


    By Zerohedge


    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "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."

  34. #659


    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "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."

  35. #660
    THE LIGHTNING NETWORK COULD MAKE BITCOIN FASTER—AND CHEAPER

    https://www.wired.com/story/the-ligh...r-and-cheaper/


    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "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."

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