Vinanz Share Discussion Threads

[tpaulbeaumont] 30/11/2017 05:00

everythign tech has had a monster few years, its not that surprising that the techy pop token twiglets that are btc have been popular, buying a nasdaq tracker or AMZN or FB shares is too complicated for joeblow but buying a trendy token dave from the pub brought with a credit card is right up their alley, a speccy geared play on tech? personally im surprised that it hasnt sold off harder than the amounts its sold off from the reversal levels and that the price is seeking the next levels but everydays a school day, maybe nasdaq and btc will top together?

[tpaulbeaumont] 30/11/2017 04:47

lots of folks posting about the crash in btc yday, biggest ever in nominal terms at roughly $2100 and no doubt in dollar volume, but in % terms btc has matured alot, it used to double and halve in a day, so the nominal movements are only news for those trading/betting per point, but the influential and entirely centralized hoard of holders who own 10,000s/100,000s still set their algos to buy, wisely punting $1m or $2m a month to pump the price, like in every other financial market

now there are more participants you would expect btc price action to resemble more widely traded markets, tops there are usually a longer process so insiders can offload, and invariably there are a number corrections on the way to the top, each one a temporary set back, conditioning buyers not to sell when it sells off, then it sells off, lets see :)

[tpaulbeaumont] 30/11/2017 04:27

at a recent fintech expo and spoke to a us finance guy who recommended issuing a coin based on anything with 100m coins cos thats what the market likes, $200k and 8 million of the coins lol scientific stuff

[tpaulbeaumont] 30/11/2017 04:21

thanks Mcb, i still maintain the figures are valid for the market their based on, not adding past splits etc, spooky tho huh :)

i wrote my thoughts here on btc years ago spuds and theres been no fundamental change, for me and anyone else who subscribes to the tenets of behavioral finance the price is completely independent of any other factors

theres undeniably bubbles in altcoins, tokens and ico nonsense, but also in the price of btc imvho, and to set the parameters this will only be evidenced if the price declines 75%+, ive seen no sensible rationale for any valuations above that of football stickers or novelty stocking fillers ;)

[mcbeanburger] 30/11/2017 01:14

btc+btc high was 13079

[mcbeanburger] 30/11/2017 01:11

reckon btc will be back at or near high but the weekend. shorts to be roasted.

[dennisbergkamp] 29/11/2017 23:42

Thanks PC, nice explanation

D

[patientcapital] 29/11/2017 22:28

Re IOTA from tangleblog.comScalability1.) If you want to use IOTA, and to send a transaction, you need to confirm two transactions before you may send yours. This simple rule leads to: the more people use IOTA, the more transactions get referenced and confirmed: Confirmation rates and timings are getting better, the more people use it, unlike Blockchains. 2.) Compared to traditional blockchains of the 1st and 2nd generation, IOTA has no blocks and therefore no scalability issues the more transactions are conducted and addresses are generated. How so, you may ask?What specific advantage does IOTA get in terms of scalability, when there are no blocks at all?IOTA doesn't need to order values of seeds and addresses in the right order. This "trick" it uses is, that all transactions can be saved on different devices, at different places, unordered, even split. So when you are synching your node, it just iterates through all transactions. The values from all transactions will be grouped into their addresses, even if they are in their previous order or not.When the Tangle processed all transactions, the addresses (aka ledger) will contain all balances. It only needs to verify that none of the addresses contain negative balances.This feature gives lots of benefits. For example, MapReduce, a programming model, can be used with this feature, to process large datasets parallel on many devices, also constrained devices. Perfect for a distributed ledger, where countless devices are bound together.Furthermore: The tangle caches address-balances of a subtangle, to combine them with newly discovered transactions.A second trick IOTA uses is the appliance of multi transactions. They are made of a diverse number of chained transactions while using the same address.In addition, these chains are set up that only the first transaction has value, while all following transactions have a zero-value. That means that on top of the fact that there is no necessity of order, there is no necessity of skipping transactions.In conclusion: Transactions with IOTA can be processed very fast, unordered (Commutative Law / Linearity (a+b = b+a) ) and unfiltered because zero-values are added behind non-zero-value transactions. There is no max-count of transactions in one block like in blockchains and there will certainly be no blocksize-debate.Eli5: It makes no sense to sort a puzzle just from one corner, piece after piece if you can have multiple eyes looking simultaneously and randomly for the right pieces to form the puzzle, from multiple corners. The more eyes, the faster it gets.Background: MapReduce3.) People argue that IOTA has a problem in the future, in hindsight of the growing size of the Tangle. What is happening now to prevent that is a) people have to use PoW, they can't just spam the tangle without having to pay for it with time and electricity.b) snapshotting reduces the size of the tangle frequently. For now, manually in coordination with the core devs, later automated and locally.Keep in mind, that the bottleneck for the speed and usability of IOTA in the future is not confirmation rate or size of the tangle (because storage is getting better and is really cheap already), but bandwidth.Without a solid infrastructure, the Tangle can be limited in its functionality.

[sideshowbull] 29/11/2017 22:16

You have to remember, which coin people actually buy with fiat and that is BTC.

I include myself in that bunch.

May not come now, may take 5-10 years, I am just forgetting I hold BTC.

BTC is the the root all of crypto.
When most are either well used or not they will all be valued using BTC.

BWTFDIK

sideshow

[spadman] 29/11/2017 20:28

Radison

Im glad you posted a link to IOTA on the Bitcoin thread. I have a few questions.

I believe this coin was pre mined, is that correct?

The IOTA token is about 6 months old and there are already about 3billion coins in circulation, is there a cap on the number of coins and what is the rate of inflation?

I layman's terms how does the tangle scale?

[radison56] 29/11/2017 17:43

https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/

[spadman] 29/11/2017 16:53

Nasdaq to launch bitcoin futures

[spadman] 29/11/2017 15:17

£11,351 only a 3500% move to equal the Nasdaq ;)

[tomboyb] 29/11/2017 13:54

Looks like $11,000 per bitcoin about to be broken -

Exponential -

[upthepool] 29/11/2017 12:19

compoundup

IOTA maybe one of those to emerge

[babazurie] 29/11/2017 11:46

It seems as if Bitcoin is more than a tulip bubble. In fact it may be more than even a Global Tulip since it is increasingly planetary day by day and would require all major exchanges trading futures to dent it. CME trading futures alone is a drop in the ocean if the whole planet is beginning to buy it.

Cant stop Bitcoin right now.

[compoundup] 29/11/2017 11:28

tpb - thanks for the charts.

IMO if there is a bubble in crypto, there will be a few that emerge and continue to grow after the burst - like Apple, Amazon, Ebay etc after the dotcom bust. In this case BTC, LTC and I'm struggling to name others.

e.g. ETH is compromised because it is centralised on Vitalik and is going to be undermined by second layer facility on BTC - which being a much simpler protocol is less vulnerable to attack;
BCH is going to fail when people realise that it can't do instant transactions whatever the block size. Roger Ver can't go back on his denial of second layer benefits because that would be an admission that he was wrong from the start;
Dash and Monero make a big thing of speed and privacy but that's going to be sorted by BTC as it scales.

Smarter developments based on the BTC protocol just keep on coming, e.g:

[eriktherock] 29/11/2017 10:33

Crypto possibilities are limitless, because they do not let any seeming barriers stop their path.

[no dice] 29/11/2017 10:18

The market cap. of cryptocurrencys stands at $331 billion today - yes, many people will be disappointed when this bubble bursts but it is insignificant compared to the NASDAQ market cap. of $6.6 trillion in March 2000. Governments will stand aside when the bubble pops and after dusting ourselves off we'll move on to the next mania.

[eriktherock] 29/11/2017 08:09

You've made McB very happy. Well done btw.

[spadman] 29/11/2017 07:45

TP Im not sure how your brain thinks? Are you saying crypto is a fad or are you still clinging onto the "something like Bitcoin but not Bitcoin" meme.

When a new tech starts out, in order to achieve mass adoption (not everyone) it has to experience exponential growth, I have said this before. Exponential growth is not the same as a mania or a bubble. To go from nothing to a store of value we need to see another 50x upward move. Currently less than 1 in 1,000 people have used bitcoin.

Where there maybe a bubble I believe it's in the number of coins with zero utility.

[steve73] 29/11/2017 05:37

11k looks like it'll soon be history as well.

Thanks for the charts tpb.

[tpaulbeaumont] 29/11/2017 05:15

next ETH levels +/- are 666, 700 and 960

[tpaulbeaumont] 29/11/2017 04:52

Anyone have any request for the header?

Links to sites or informative posts etc?

[tpaulbeaumont] 29/11/2017 04:43

what a textbook mania! folks get carried away, 'tis in our nature but at $300 billion i predict theres going to be a lot of complaints and action groups in the next year lol

13000 +/- is next level, then 13300 and 14000 will update the higher levels if and when :)

tpaulbeaumont 16 Oct '17 - 10:02 - 3046 of 3218
[...] and more higher up, 12950, 14050, etc but lets not get carried away !