Baltic Oil Terminals Share Discussion Threads

[spadman] 15/8/2017 19:54

the blockchain and bitcoin are inextricably linked, only a distractor or someone with very little understanding of this tech would come to any other conclusion.

[tpaulbeaumont] 15/8/2017 12:46

in a generations time we will have hopefully gotten over the flawed concept of money and live in a technological utopia waited on by armies of nanorobots ;)

[tpaulbeaumont] 15/8/2017 12:41

nothing has fundamentally changed with BTC, its incomparable to any currency or asset, its virtual tokens good for nothing other than speculation in the greater fool theory and a minuscule trade in online illicit goods, the blockchain has some interesting potential but this has nothing to do with the virtual tokens called bitcoin :)

[compoundup] 15/8/2017 08:29

The Lindy effect is likely to underpin BTC going forward. IMO there is still a danger that the forthcoming Segwit2x HF causes another disruption in the narrative.
Bitcoin Core's apparent u-turn in dumping NYA and going back to the "no hard forks" principle is good for consensus IMO. NYA was essentially an insider proposal to give the miners a face-saving exit from their entrenched defence of what they perceived as best for them. "Consensus" is only really achieved when it is community as opposed to insider-driven. Thus if basic SegWit is sufficient to nail the scaling issues because the heavy work can now be shifted onto the Lightning Network, then why do we need another disruptive HF just because insiders said they liked it last June? I hope people do come round to this Bitcoin Core led stance because it underscores the principle that insiders shouldn't be trying to control the debate. What's best for the users as seen by users is true consensus.
The prospect of a hard fork in November is only good for FUD. What's needed is stability.
/rant
In comparing BTC with gold, it's the $8.2 trillion vs $67 billion market cap. that's the more significant indicator is it not?

[uppompeii] 14/8/2017 22:48

Actually 47.11 btc...certainly more than 1oz of gold!

[compoundup] 14/8/2017 20:21

That's an interesting read and needs some deeper consideration. However, whether or not the underlying premises are valid, things have changed a lot in the 18 months since it was published.

In the white paper on the COMIT network. A solid future for banks within the cryptocurrency world is envisaged as Liquidity Providers.



see also:



I think it is pointless trying to conjecture the world financial landscape a generation from now. It is going to be radically different, that's for sure.

Maybe the only parallel that can justifiably be drawn between gold and Bitcoin is that of a store of value.

I hope everyone is enjoying the rise in value of BTC? I am getting bored of the "bubble" question much deployed on developers and other respected commentators in the crypto world. I am sceptical about the oft-used riposte that "we are not yet on the S-curve" because it is really only speculators driving the market. The mantra seems to be that we won't get onto the S-curve until universal adoption rates get up to around 2 to 3% and that we are still sub 1%. Supposedly we ain't seen nothing yet. Hmmm. IMO there will be busts ahead.

[spadman] 14/8/2017 18:48

Wonder what value bitcoin if this happens after fiat reaches its ultimate destiny?

[tpaulbeaumont] 14/8/2017 03:29

although his (i assume his brokers) views on tech are typical bull market fodder, goog going to $2k+, amzn $3k+ etc, everyones a genius in a bull market ;)

[tpaulbeaumont] 14/8/2017 03:27

its the opening crypto gambit of a friend whos into conventional tech investing, he brought eth and fil, as recco'd by his man at goldmans switz

[mcbeanburger] 13/8/2017 18:22

what's peaked your interest tp? appears to be similar to MAID... chart below. under performer.

[simonthe1st] 13/8/2017 18:11

Bitcoin Blows Through $4000 As Asian Demand Soars

[simonthe1st] 13/8/2017 18:02

Noted with thanks, alexx!

[alexx] 13/8/2017 17:07

Simon

Those are not gaps in the way normally understood in charts. IG shuts Friday night and opens again at 8:00 on Sunday [ for bitcoin ]. So what you're seeing are 30 hour gaps while IG is shut.

[simonthe1st] 13/8/2017 15:27

Bitcoin continues to soar (IG currently showing it up over 11%), but are the big gaps of 4 & 6 August and 11 & 13 August likely to trigger a big drop soon? Any gap traders here have a view?

[tpaulbeaumont] 13/8/2017 04:36

any views on filecoin/FIL, either the tech or for trading ;)

[alexx] 12/8/2017 22:14

Up to $3970 and down to $3730 in the last few hours.

[spadman] 12/8/2017 09:30

combined price $4,060

People who claimed a fork was a bad idea got it seriously wrong.

[compoundup] 10/8/2017 09:14

I am not betting against BCH.
FWIW from coin.dance just now:

"There have been 384 blocks mined since the hard fork.
(968 blocks behind the original chain)


"The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.

"The original chain has grown 1.11GB more than the Bitcoin Cash blockchain.

"It is currently 43% more profitable to mine on the original chain."

[mcbeanburger] 09/8/2017 15:47

compoundup - yes similar.

"At the same time, there is a very real risk that Bitcoin “splits.”; Both BIP148 and SegWit2x could diverge from the current Bitcoin protocol, which could in turn lead to even more splits."

if so there's going to be loads of confusion.

"miners will follow according to difficulty/price ratio."

the above why i'm in on bcc. miners will find it more profitable. miners are probably buying the dips now.

[spadman] 09/8/2017 13:12

bitcoin cash has the same market cap bitcoin had 18 months ago, with 4 independent dev teams working on it, the third highest trading volume and its still adjusting difficulty.

For a long time serious money has been eyeing bitcoin with a view to taking it mainstream, bitcoin cash will boom if wallets are plenty and fees are low, miners will follow according to difficulty/price ratio.

Best not to dump as its very possible BCC will prevail over the next 6-12 months.

Think of it as an insurance policy, competition is good!

[spadman] 09/8/2017 13:03

"coming to a sad end if true"

what?

[compoundup] 09/8/2017 12:41

McB - are you referring to this article?



IMO Bitcoin Cash is to BTC what Betamax was to VHS in the early 1980s - arguably a better performer on some metrics but not the one that got adopted. We'll see...

[mcbeanburger] 09/8/2017 02:18

looks like the other btc topology wants to split making 3 btc coins...

coming to sad end if true.

[mcbeanburger] 08/8/2017 16:03

shaken not but not stirred