The Bitcoin Thread (price and other bitcoin related topics)
#81
(07-11-2019, 07:43 PM)Vic Vega Wrote: What’s the consensus on Chainlink.

Shitcoin or is it potentially going to the moon?

This thread is about bitcoin.... 

There was some discussion about chainlink on the crypto thread.
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#82
(07-11-2019, 04:14 PM)SpecialEd Wrote: 2 paragraph post gets broken down into 4 points with multi paragraph commentary on each.

I cant be bothered to read all that but I respect your gift of gab.

I am not sure how you plan to make progress on the various points that you raised earlier, when you fail/refuse to read the response that you had solicited because such response is too complicated for you to understand and even due to your own self-ascribed importance?
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#83
Below is linked a nice little article providing reasons why bitcoin remains number 1.

https://coinclarity.com/all-hail-king-bi...remains-1/
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#84
Sometimes small countries can develop relatively friendly bitcoin related laws (tax laws specifically), which seems to be the current direction of Georgia... even while might not seem too appealing to want to move there for such tax reasons.... or at least, I am not currently inclined to want to move there.    Blush

https://cointelegraph.com/news/republic-...-added-tax
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#85
Here's a nice little 43 minute video from Andreas Antonopoulos from last week discussing some of his first impressions regarding facebook coin, which seems to reflect a lot of bullishness in regards to bitcoin, even though there remains a lot of uncertainties as well, regarding the direction that libra coin is going to take us... (like Andreas mentioned in the very beginning of his presentation, that facebook coin largely remains only a white paper set of proposals, at the moment).



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#86
Linked below seems to be a decent article for attempting to make improvements to mining bitcoin.


https://medium.com/@StopAndDecrypt/bette...1de178e3e0
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#87
Here's an interesting YouTube video that was just released in-full regarding a debate that took place between Nouriel Roubini and Arthur Hayes in Taipei on July 3rd.

There were some decent points that came out, even through a lot of the personal attacks, emotional outbursts and the somewhat chaotic discussion of multiple mixing of topics.

Personally, I think that Arthur Hayes is much smarter than he presented, but he let himself get drug into a variety of personal attacks including his opening statement outlining personal matters rather than a more bitcoin centered opening.    Arthur seemed to let too much discussions of his business, even though that business is built with bitcoin as a service but NOT exactly a reflection of bitcoin.  

The discussion of substance did improve towards the end of the video, and anyone with much of any knowledge of the bitcoin space should be able to recognize that Roubini had little of value to really say with his frequent and perhaps lumping of a variety of projects in with his criticisms of bitcoin to attribute and exaggerate the negatives to bitcoin, except maybe when he asserted that Facebook coin is not a crypto currency while listing reasons why.




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#88
(07-14-2019, 06:42 PM)JayJuanGee Wrote: Here's a nice little 43 minute video from Andreas Antonopoulos from last week discussing some of his first impressions regarding facebook coin, which seems to reflect a lot of bullishness in regards to bitcoin, even though there remains a lot of uncertainties as well, regarding the direction that libra coin is going to take us... (like Andreas mentioned in the very beginning of his presentation, that facebook coin largely remains only a white paper set of proposals, at the moment).

[  https://www.youtube.com/watch?v=7S6506vkth4[/video]
I clicked on the YouTube link in the above post, and it does not seem to work, for some reason.  

I seem to be too technologically inept to be able to figure out how to get the inserting of a YouTube to work properly, even though I got insert to work with the above Hayes/Roubini debate video, so I am just providing the actual link ... while attempting to insert it again...  Hopefully, one way or another you will be able to take your browser to the proper YouTube link of Andreas's libra coin presentation.

https://youtu.be/7S6506vkth4?t=10

[video=youtube]https://youtu.be/7S6506vkth4?t=10[/video]
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#89
Jay, what do you make of this press conference today? It was prompted by that Libra shitcoin stuff, but seems like things could possibly change drastically for BTC as well obviously





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#90
(07-15-2019, 09:23 PM)GlobalMan Wrote: Jay, what do you make of this press conference today? It was prompted by that Libra shitcoin stuff, but seems like things could possibly change drastically for BTC as well obviously






I was thinking that he had not really said much if anything new, and yeah, it was kind of aimed at Libra, and perhaps some other coins that they might be able to identify central actors, and surely reminders about the desire for Know Your Customer and Anti-money laundering compliance with exchanges or any entity that engages in crypto related businesses.

This is likely going to be a long process in terms of how complicated that it might be to actually impede on bitcoin or bitcoin users because there are still going to exist a lot of mechanisms for peer to peer exchanging of value through bitcoin and having control over your bitcoin, once you have them in your possession, rather than being held on third party exchanges or held by any custody, besides yourself.

The market seemed to have reacted in a positive way, which seems to reinforce the idea that he likely did not really say anything new, and whatever draconian attempts that the whitehouse and various government agencies are going to initially attempt to make would be to try to make sure that facebook coin stays in a kind of compliance, and surely the devil would be in the details regarding how long that it would take for facebook coin to comply (assuming that it still ends up launching), even though he was asserting that he believes that facebook would still have a lot to do in order to comply, whatever the fuck that means?  hahahahaha  

He also mentioned that government agencies do not want to stifle innovation, so in that regard, there could be a decent amount of concern that if they try to stomp down too hard, then they are going to get a kind of wacamole effect in which the innovation would go somewhere else to create competition for bitcoin friendliness in some other location, which would likely be problematic, too.

If you are asking regarding effect on BTC price, I would suggest that this likely does not really affect much of anything regarding price, and could likely be bullish for bitcoin merely because there is some BIG ass announcement that recognizes bitcoin, but does not really present any kind of plan that would be meaningfully threatening to bitcoin in any kind of concrete way.
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#91
Here's an article from a few days ago discussion some recent considerations in ways in which a bitcoin softfork might be helpful for the facilitation of better lightning network operability and interaction.

Difficult to know if such softfork changes will be implemented and if such softforks would not jeopardize the mainchain in any kind of meaningful or objectionable way.

The article does point out a lot of the current lightning network snafus to give some decent overview of where it's at.

https://bitcoinmagazine.com/articles/noi...-lightning
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#92
BTC dominance keeps getting higher, maybe it will be north of 70% soon, we're at 66.2% as I type this.
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#93
(07-17-2019, 05:23 AM)SC87 Wrote: BTC dominance keeps getting higher, maybe it will be north of 70% soon, we're at 66.2% as I type this.

Hard to know for sure.

Seems like we are experiencing a bit of a blood bath in recent days in both BTC and various altcoins are having very similar levels of negative performance, but like you suggest, if the BTC dominance is going up, then likely the altcoins are continuing to perform a bit worse that BTC, at least in the short term.

Perhaps we could be getting a bounce in BTC prices now, but I am surely not going to rest assured that our current BTC price correction is over, yet.

Currently bounced up from its low of $9,234 from a few hours ago and currently in the low-to-mid $9,500s... but still a $1k drop for the day, and approaching nearly a 35% drop from the local top of $13,880 from late June.

I do have a few BTC buy orders waiting in the lower $9ks, and I am thinking that maybe better than 50% odds that they are going to get filled in the next two days, but surely I would prefer UP.. but if the BTC price continues to go down, my buy orders are set to fill fairly regularly for a decent way down the price possibilities.... hoping that Buy support is going to hold at some point or we will get a meaningful bounce and/or reversal at some point, soon.
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#94
Here's are a couple of interesting article that describe sim port hacking and some possible protective measures that can be taken.


https://medium.com/coinmonks/the-most-ex...de11517124


https://www.zdnet.com/article/wave-of-si...ncy-users/
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#95
Here's a hilarious post of an interview with U.S Republican congressman  Patrick McHenry, saying:

"Even the Chinese with their firewall and their extreme intervention in society could not kill #bitcoin.....You can't kill bitcoin"

https://twitter.com/MediumSqueeze/status...9327733760

He also says that even though you cannot kill bitcoin, you can do a variety of things in terms of regulation regarding a number of reiterations of bitcoin that are trying to mimic bitcoin (such as facebook coin).
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#96
Here's a decently nice chart showing projected BTC prices based on stock to flow ratios.

https://twitter.com/100trillionUSD/statu...6782361604

[Image: ?u=https%3A%2F%2Fi.imgur.com%2F6w1tsIU.p...0qlry8_EOg]
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#97
Any guys with "gut feelings" still thinking that BTC prices might go below $9k, or has action been taken to buy BTC during any of these recent price dips.

Surely, there could be some clear signal that the price is reversing or going up, yet I know that there are guys out there, in this forum and in other bitcoin discussion places, that are still anticipating sub $9k prices.

I am a bit torn, but my strategy does not require that I wait, because my next buy orders begin in about the mid $9,xxx and my sell orders continue in the upper $10,xxx, so either way, kind of stuck in limbo in the past day or two, yet I would still consider the past month to be quit glorious for filling a whole hell of a lot of BTC orders in both directions.  At first the orders were nearly exclusively to sell all the way up from $4,200-ish on April 1 up to $13,880 in late June.. with much more selling going on in the last couple of weeks between $10k and $13,880.

Of course, since late June there has been a lot of UP and DOWN, so gosh a decent amount of money has been made (at least for my way of structuring my orders to largely attempt to stack sats within the recent meme/expression that has come out regarding the building of a bitcoin portfolio through accumulation by HODL and buying on dips).

Any thoughts about possible BTC price direction from here, guys?  short term, long term or whatever?  The news this week has been pretty damned good, no?  A lot of publicity through hearings that seems to have been generally NOT bad news.. bullish?  or no?
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#98
BAKKT is a physically settled daily futures product for institutional investors into bitcoin and ethereum.

Last year Bakkt had announced that it was delaying its launch, and then earlier this year it announced that it was launching a test platform on July 22, and now it is announcing that its real product is going to launch within this quarter, sometime after its July 22 launching of its test platform

https://twitter.com/fundstratQuant/statu...7360917504
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#99
(07-17-2019, 05:08 PM)JayJuanGee Wrote: Here's a hilarious post of an interview with U.S Republican congressman  Patrick McHenry, saying:

"Even the Chinese with their firewall and their extreme intervention in society could not kill #bitcoin.....You can't kill bitcoin"

https://twitter.com/MediumSqueeze/status...9327733760

He also says that even though you cannot kill bitcoin, you can do a variety of things in terms of regulation regarding a number of reiterations of bitcoin that are trying to mimic bitcoin (such as facebook coin).

China can't stop VPNs either. Cypherpunks already won.
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(07-21-2019, 03:55 AM)Swordfish1010 Wrote:
(07-17-2019, 05:08 PM)JayJuanGee Wrote: Here's a hilarious post of an interview with U.S Republican congressman  Patrick McHenry, saying:

"Even the Chinese with their firewall and their extreme intervention in society could not kill #bitcoin.....You can't kill bitcoin"

https://twitter.com/MediumSqueeze/status...9327733760

He also says that even though you cannot kill bitcoin, you can do a variety of things in terms of regulation regarding a number of reiterations of bitcoin that are trying to mimic bitcoin (such as facebook coin).

China can't stop VPNs either. Cypherpunks already won.

I agree with you that we have a decent amount of solidness in the foundations of bitcoin, and there have been some locations, such as China that have attempted fairly strong measures to control bitcoin, but then they have been left with both a kind of wack-a-mole situation and they also kind of got left out of a decent part of the 2017 BTC pump with some of their bigger BTC investors having their funds locked up on exchanges while china regulars were attempting to figure out what to do in terms of trying to keep track of bitcoin related funds and also seemingly trying to keep the bitcoin from growing further; however, we saw what happened 2017, the BTC price shot up throughout the whole without hardly giving any shits at all about whatever china was attempting to do in regards to trying to control bitcoin in their country.  Likely some of those BIGGER chinese BTC holders, who were not able to bypass Chinese attempts at controls, and who got screwed in the whole process of having their funds locked up were not very happy with chinese officials either.
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