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Showing 8 of 8 results by Sephil
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Topic
Board Altcoin Discussion
Re: Vote for your Favourite Coin
by
Sephil
on 25/08/2017, 22:33:35 UTC
BTC, ETH and LTC.

The holy trinity.
Post
Topic
Board Bitcoin Discussion
Re: What happens when we hit 21,000,000 bitcoins?
by
Sephil
on 25/08/2017, 22:25:53 UTC
Should've seen the "You'll be dead, what do you care?" coming.

I know it's difficult to speculate that far down the road (~2140) but it's worth thinking about the bigger picture. I'd have to agree with yoseph. We will probably move on to something different by then.

Quote from: yoseph on August 25, 2017, 09:01:50 PM
From the calculations due to the difficulty increasing whenever each bitcoin is mined, it will be another one hundred year or so before the last bitcoin is mined in the entire world, I don't think that even Satoshi will be around to witness the milestone, I am certain that by then the current generation would have moved on to another cryptocurrency then.

Or maybe with the commercial release of qubit processors we won't need to have warehouses of ASICs running all day and mining will be done in the palm of our hand. Maybe a bit idealistic but we are talking over 100 years in the future.

Then you run into the issues with private key security. Hopefully encryption scales proportionately to hardware advances.
Post
Topic
Board Bitcoin Discussion
What happens when we hit 21,000,000 bitcoins?
by
Sephil
on 25/08/2017, 19:28:40 UTC
This morning I was talking about this with a buddy of mine.

Right now we have miners all over the world trying to solve this exponentially hard algorithm to earn their bitcoins. That is their incentive and that is what drives them to do so.

What happens when we remove that incentive to "mine" aka "verify transactions" on the blockchain? What I'm basically asking is what happens when we hit 21,000,000 bitcoins from the perspective of the miners?
Post
Topic
Board Speculation
Re: Invest in Bitcoin right now?
by
Sephil
on 25/08/2017, 18:26:14 UTC
Quote from: Appie34 on August 25, 2017, 08:42:51 AM
Hello!

Thanks for reading this topic.

I have some money at the bank which I actually don't need. The interest rate is a joke, so I'm looking for long term investment.
BTC price is kind of high right now if you look at the charts and history. But I read a lot of topics and it looks like this doesn't matter at all.

Let's say I want to buy like 2BTC. Do you advice to do it right now or wait till when?

Thanks!!!

Using 2017 as my baseline, every month that you don't invest, Bitcoin will become a little less profitable. As I'm sure you're aware if you've viewed any Bitcoin chart, the price can go up 30% in 6 hours and drop 50% the next. There is a lot of profit taking that takes place on the big swings so just be mindful of that when checking on "how your investment is doing."

My suggestion - wait until it drops. Buy. Put it in a wallet and forget about it for 10 years.
Post
Topic
Board Mining (Altcoins)
Re: Siacoin Miners - Help Sia increase in value?
by
Sephil
on 25/08/2017, 04:34:57 UTC
Quote from: Zempa on August 25, 2017, 02:40:23 AM
Curious what you all think of what might happen with Siacoin when these Obelisk miners come out next year. They can mine 150k SC a month.
Will that help the price of SC go up?

Quote from: jmigdlc99 on August 25, 2017, 04:06:05 AM
Siacoin is a solid project and is slowly gaining traction. The release of the obelisk ASICs should only increase its value by showing its a coin worth having an ASIC for.
Have you seen other shitcoins with an ASIC? No, because they are shit. Goes to show siacoin has value and is good as gold.

Would have to agree with ya' here. There's a good amount of their R&D budget that was spent on these things. It builds value in their brand.

Not to mention from the Obelisk website:

"Is Obelisk its own company?
Yes, Obelisk is a wholly-owned subsidiary of Nebulous, Inc.

Nebulous, Inc. is the creator of Sia."

P.S.
On a complete side note, I'm a bit of a sucker for the Obelisk website. Very well designed.
Post
Topic
Board Service Discussion (Altcoins)
Re: Exchanging ETH for tokens and back into ETH on My Ether Wallet
by
Sephil
on 25/08/2017, 04:01:32 UTC
Quote from: snuvic on August 25, 2017, 12:59:04 AM
I'm a newbie to trading ETH-based tokens, and I'm completely confused. I'm trying to exchange ETH to BAS and want to be able to exchange BAS back to ETH. BAS recommends My Ether Wallet. I sent some ETH to My Ether Wallet, and I'm completely confused about how to exchange ETH into other tokens. I've added the custom BAS token, but I don't know how to exchange to anything by BTC and REP. They have dozens of tokens listed but there's no way I can see to place an order or post a position. Their help files aren't getting me anywhere and their support pretty much acknowledges that messages fall into a black hole. Please help.

First, I would find an exchange that offers ETH/BAS support and send your balances there to exchange for the desired amount. If you cannot find one, or you don't have an account with an exchange that has ETH/BAS support, you can always use Shapeshift.io to convert your ETH to a digital currency that is supported (most coins have at least one BTC/(Insert coin here) pair).

Hope this helps!
Post
Topic
Board Project Development
Re: Should I start own exchange website?
by
Sephil
on 25/08/2017, 03:42:56 UTC
Quote from: Cryptoearner on August 23, 2017, 03:48:39 AM
I have enough budget to start own "small " exchange website and it not cost more as i have programmer friends. and sure i will cross check if i will start .

I hope you have some legal friends too if you plan on operating in the US, furthermore in NYC.
Post
Topic
Board Speculation (Altcoins)
Re: LBRY looks like one of the most promising projects
by
Sephil
on 25/08/2017, 03:36:31 UTC
I guess it looks promising.

What benefit does LBRY's social aspect have over Steem though?

Their browser/wallet combo feels a bit similar to what Brave/BAT is doing.

To support your claim, I did read an article earlier this year that seemed like some pretty good PR for LBRY.

http://www.dailycal.org/2017/03/21/lbry-public-sharing-platform-uploads-20000-deleted-uc-berkeley-lectures/