Vinanz Share Discussion Threads

[sideshowbull] 06/12/2017 20:45

I thought BTC days were numbered at 3, 4, 5, 7, 10,12k

I am just going to hold, and wait for the herd, and then hold.

We are actually lucky we saw crypto before anyone else


BWTFDIK

[chinahere] 06/12/2017 20:32

I agree it is crazy to trade.

How about buying a certain amount and taking a percentage of this initial outlay per year? If all goes well it will be a great pension!

Having said all that I fear that it's days may be numbered.

[sideshowbull] 06/12/2017 20:21

I consider myself an average to good trader. How the fk do we play BTC?

I have resigned myself to the fact, just physically buying and holding the coin in an un-hackable off line wallet and add when I see a chance.

11.5m coins in play.. even 1 or 2 coins held makes a noise.


BWTFDIK

sideshow

[jamski68] 06/12/2017 19:42

Good one Erik...

BTC nearly $13k now.

[eriktherock] 06/12/2017 19:33

Baltic Oil Terminals ?

[spadman] 06/12/2017 19:31

up over 1k today and not a post :)

[sideshowbull] 05/12/2017 16:01

Tried 11875 3 times on 15min will we have new highs today, I think so..

[patientcapital] 05/12/2017 15:44

Glad you are in profit.

[steve73] 05/12/2017 15:18

Thanks for bring this to my attention PC... I finally got a platform set up yesterday and managed to buy a few hundred... currently up around 50%, although I missed the previous 50% rise...


PatientCapital 29 Nov '17 - 22:28 - 3236 of 3277 0 0

Re IOTA from tangleblog.com
...

[jamski68] 04/12/2017 19:17

EOS first milestone delivered...

[compoundup] 04/12/2017 17:25

SPADman - re 3267 - No doubt the exchanges operating in a traditional fashion constitute 3rd party risk. The writing is on the wall for the current exchanges to be superseded by decentralised Atomic Swaps for crypto/crypto transactions viz. altcoin.io I expect peer-to-peer crypto/fiat exchange services will remain the province of Localbitcoins and the like until someone thinks of a way to solve the escrow risk.

Your point about "If your transaction isn't on the blockchain you don't own the private keys" is not quite right as I understand the Lightning Network. You might lock funds into a payment channel but they are not dissociated from your private keys until the contracted release condition is reached, at which point the transaction does go to the blockchain. In the event that the release condition is not reached you claim back the the funds as though they never left your private keys in the first place. In these circumstances nothing has changed on the blockchain.

The White Paper's objective of peer-to-peer electronic cash (i.e. instant exchange) has not yet been achieved by either BTC or BCH, both of which currently require blocks to complete and some transaction confirmations before they are considered spent. Lightning Networks are one way of facilitating instant cash-like transactions. I am not aware of BCH making any progress in this direction.

As you say, the market will decide. For now I have taken a bit off the table partly because I think we are due a correction and partly because I have an eye on better short-term prospects elsewhere :-)

[steve73] 04/12/2017 02:21

I see Venezuela are planning on launching their own Crypto - The Petro, back by O&G assets.. Something tells me it won't be a roaring success....!

[spadman] 03/12/2017 22:01

mcbean no its cash settlement only

to clarify earlier post bitcoin core = btc

[mcbeanburger] 03/12/2017 20:37

haven't looked into the cme thing.. do you think they allowed for longs to take delivery?

[mcbeanburger] 03/12/2017 20:36

jam - can't disagree with that. but it's not on the number of coins that will be consolidated in the near. just in market cap of the ecosystem. the coin number will drift on for years probably

[mcbeanburger] 03/12/2017 18:09

eos - yeah shorting it came to mind this morning - probably ahead of myself (as usual).

[mcbeanburger] 03/12/2017 18:08

spad:"I think the mainstream are all over Bitcoin core" unless I misunderstood, you meant bch+btc? or just bch?

----

the whole btc scene is full of itself.. silly agruments, massive ego's etc etc. which of them can you use to buy something and walk away right away? (not wait 30min etc)

[jamski68] 03/12/2017 17:52

I just sold some to buy more EOS... IOTA's current partnerships are slightly concerning, MS et al...

[spadman] 03/12/2017 17:48

Compound up I think we want the same things so lets just see which fork the market prefers. There is plenty of FUD on both sides, wilfully ignoring Blockstreams conflict of interest is also FUD.

Im not against side chains as such, they have effectively been used for a long time. Exchanges etc when mcbean is in and out all day each of his trades aren't on the blockchain. Thats fine if it's voluntary, but the truth is if you dont own the private keys you dont own the coins. If your transaction isn't on the blockchain you dont own the private keys.

Read the Bitcoin White paper, PEER TO PEER electronic CASH.

Higher highs for bitcoin core, an even bigger move with the real bitcoin.

Cheers

[patientcapital] 03/12/2017 17:34

Briefly...

[patientcapital] 03/12/2017 17:33

IOTA just overtaken gold.

[compoundup] 03/12/2017 15:34

SPADman - re 3259 - that video is pure BS. Another FUD from the big blockers whose chief advocate has descended to name calling and tantrums because he can't admit his centralised hard fork protocol is built on quicksand. i.e:

1. making it impossible to achieve instant transactions means BCH is just another Paypal and
2. block sizes that are bound to grow to petabytes due to the intransigent refusal that multi-layer has benefits. (e.g. where would the Internet be without SSL).

Specifically taking issue with the issue of high fees on the original chain, there is plenty of evidence to show that spam transactions have been used to fill blocks in correlation with the timing of BCH pumps. The converse is true. Fees drop back to modest levels when these bad actors stop spamming. Without spam, fees are very low for people who use SegWit addresses at both ends of a transaction.

The presenter also wilfully misrepresents the function of Lightning Networks by suggesting:
1. "we're a few years away from..." - No, they're on testnet now
2. "doesn't really work alongside...[is a] replacement" - No, either he evidently either doesn't understand "escrow" or it is deliberate FUD.
3. "central bank...IOUs" - No, the LN is demonstrably trustless. If it weren't it wouldn't be acceptable to users.
4. "transaction fees likely over $100" - notably he puts forward no backup for this assertion. Currently the blockchain has adequate capacity, spamming excepted as mentioned above, and will continue to have sufficient in the short term as more lazy actors take up SegWit (e.g. inefficient operators such as Coinbase). Some exchanges did so long ago, e.g. Bitstamp.
5. "...[Core] won't change the block size" - is just FUD. Core are not ruling out a hard fork to increase the block size in the future:

(search string "ultimately miners" to get to the point)

Then we get into conspiracy theories from 2:30 onwards...[yawn]

Let's be honest the NYA and BCH came about because DCG group miners wanted Asicboost so that they could out-compete and centralise on themselves. They could not countenance SegWit because it rendered Asicboost worthless after they had invested huge sums. It was a clear message that user interests were of no concern to them.

I don't think it's clever to call out DCG as bad actors just because they organised the NYA anti-consensus conference any more than this twit on Youtube is calling out Blockstream because he thinks [but gives no credible argument] that they are looking for a way of establishing a stream of fees for themselves out of Lightning Networks.



I'm for decentralisation and consensus. Clearly the latter can be difficult to achieve if impatient contributors with agendas persist in setting up obstacles when the direction of travel doesn't suit their financial objectives.

There are bigger issues facing the ecosystem right now, which are more deserving of the focus of attention than slanging across the centralise/de-centralise debate. For example: Bitfinex and whether Tether is going to become the millstone that drowns them causing shockwaves across other exchanges.

[spadman] 03/12/2017 08:01

What makes you think I said that?