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The chart is going parabolic, its pretty insane, manic is the only word.
I wish I had kept the coin i bought this year instead of investing in alts, though if I had, i don't know if i could sleep at night holding it!, if/when it does fall it may be pretty precipitous.
I wish I had kept the coin i bought this year instead of investing in alts, though if I had, i don't know if i could sleep at night holding it!, if/when it does fall it may be pretty precipitous.
I just had 500 TRX deposited into my trading account and I have no idea why. What do you guys think?
Binance had some sort of airdrop
Quote
Tron (TRX) Airdrop
Time: Ends 2017/11/14 0:00 AM (UTC Time)
Rewards: Binance users with total assets on Binance equal to or greater than 0.003 BTC having at least one transaction in their trading history will be rewarded with an airdrop of 500 TRX to their account.
Time: Ends 2017/11/14 0:00 AM (UTC Time)
Rewards: Binance users with total assets on Binance equal to or greater than 0.003 BTC having at least one transaction in their trading history will be rewarded with an airdrop of 500 TRX to their account.
Didnt give me any
It will probably go back to around $25 again from here in the coming weeks, after that unless there is new news this may start to fade away back towards $18 or lower again, you may need to decide whether to cut your losses or hold, potentially for an extended period.
IOTA: know what a tangle means
Before putting a new cryptocurrency on our SuiQiu cryptocurrency exchange, it is our duty to understand what's really going on and where risks lie at its fundamental level. IOTA draws even more interest since an innovative concept - DAG (Directed acyclic graph) is implemented in its backbone, the tangle. Unfortunately, while investigating IOTA, we are convinced that this implementation is immature. The tangle and therefore IOTA have too much risk.
IOTA: know what a tangle means
As stated in IOTA's white paper, the tangle is the technology used as a backbone of IOTA. Like other tangles, this technology qualify as a messy mass of things. It is therefore inherently difficult to make sense out of it. Such efforts are admirable. Everyone should take a look at their white paper. On the other hand, pointing out some concerns and flaws are relatively easy. In this article, we shall see the tangle lacks incentive, privacy and security. We hope people will have a better idea what a tangle means by then as well as how to fix the tangle in the future.
Incentive
No transaction fee is the charm of IOTA. But, Who do NOT need to pay? Lazy nodes benefit actually. Who do not really verify another transaction, who just vote for transactions seems to be verified, who leaves the number of tips grow unlimitedly do NOT need to pay.
On the opposite, a good node will need to verify two transactions. Sounds like not a big deal? Think twice. Transactions are related to each other. For example, if we try to determine whether a transaction is conflicting we should check all the other transactions to see whether there is a transaction conflicting with this one. According to the white paper, a good node should use a MCMC (Markov Chain Monte Carlo) algorithm to select the two tips to verify to prevent a parasite chain attack; And runs the tip selection algorithm many times, for example 100 runs. That's just a start. We can tell tip selection algorithms will keep evolving and complicating things to prevent other attacks, if not failed to. After knowing what you are paying (make sure you do) let's say you still want to be a good node, just like miners verify other people's transactions in Bitcoin. But wait another second, do you still recall that IOTA do NOT reward you anything and other people do NOT pay you transaction fees?
As stated in the white paper, they do not impose any rule for choosing the transactions to approve. Hence, lazy nodes survive. Nevertheless, a network full of lazy nodes means unlimited forks, no efficiency, vulnerable to all kinds of attack. So, the last resort the white paper turns to is a reputation system, namely, ' If one particular node is "too lazy", it will be dropped by its neighbors.' This leads to the second topic.
Privacy
So, one should build up a good reputation by letting people know all the good transactions and verifications one made. Once you decide to use a new node for some privacy, the reputation gone. Then again, lazy nodes benefit.
Security
Let's start with an attack scenario to double spend target transaction T with T'.
1.T has been broadcasted.
2.A lot of micro-payments are broadcasted as a distraction from T.
3.Attackers vote for T' to out weight T.
Usually, attackers need 51% of network power to out race target T in a blockchain. However here, computing power are extremely distracted in the tangle. People just don't have to verify T. They can get caught by micro-payments which IOTA is proud of (without even try to draw a line between micro-payments and spamming). Or, they can be lazy. Then, when T' and T are getting close, good nodes will not approve both T' and T directly or indirectly since their reputation and their chance to get approved is on the stake. So, stay out of the dispute watching T' out weight T clearly, and then, approve T'.
Moreover, since IOTA has an asynchronous network, attackers can pre-prepare their PoW (Proof of Work). For example, they can solve the cryptographic puzzle as PoW in advance and wait for the "right time" to broadcast their transactions.
One cannot point out all the concerns in the tangle. But we shall at least ask : When can I confirm that I get the money? In Bitcoin, it is about 6 blocks after your transaction is included into a block, which means approximately 60 minutes. Not bad. Now, in the tangle, how long should I wait?
Well, this is a crucial question to our exchange. We cannot tell our clients that we have no idea when you can safely trade your IOTA; Plus the unsolved privacy issue; Plus the concerns that IOTA will be paralyzed by innocent lazy nodes. In conclusion, IOTA will not be traded on our SuiQiu cryptocurrency exchange.
Blockchain Researcher Yushi
yushi@chaobi.la
8/10/2017
Before putting a new cryptocurrency on our SuiQiu cryptocurrency exchange, it is our duty to understand what's really going on and where risks lie at its fundamental level. IOTA draws even more interest since an innovative concept - DAG (Directed acyclic graph) is implemented in its backbone, the tangle. Unfortunately, while investigating IOTA, we are convinced that this implementation is immature. The tangle and therefore IOTA have too much risk.
IOTA: know what a tangle means
As stated in IOTA's white paper, the tangle is the technology used as a backbone of IOTA. Like other tangles, this technology qualify as a messy mass of things. It is therefore inherently difficult to make sense out of it. Such efforts are admirable. Everyone should take a look at their white paper. On the other hand, pointing out some concerns and flaws are relatively easy. In this article, we shall see the tangle lacks incentive, privacy and security. We hope people will have a better idea what a tangle means by then as well as how to fix the tangle in the future.
Incentive
No transaction fee is the charm of IOTA. But, Who do NOT need to pay? Lazy nodes benefit actually. Who do not really verify another transaction, who just vote for transactions seems to be verified, who leaves the number of tips grow unlimitedly do NOT need to pay.
On the opposite, a good node will need to verify two transactions. Sounds like not a big deal? Think twice. Transactions are related to each other. For example, if we try to determine whether a transaction is conflicting we should check all the other transactions to see whether there is a transaction conflicting with this one. According to the white paper, a good node should use a MCMC (Markov Chain Monte Carlo) algorithm to select the two tips to verify to prevent a parasite chain attack; And runs the tip selection algorithm many times, for example 100 runs. That's just a start. We can tell tip selection algorithms will keep evolving and complicating things to prevent other attacks, if not failed to. After knowing what you are paying (make sure you do) let's say you still want to be a good node, just like miners verify other people's transactions in Bitcoin. But wait another second, do you still recall that IOTA do NOT reward you anything and other people do NOT pay you transaction fees?
As stated in the white paper, they do not impose any rule for choosing the transactions to approve. Hence, lazy nodes survive. Nevertheless, a network full of lazy nodes means unlimited forks, no efficiency, vulnerable to all kinds of attack. So, the last resort the white paper turns to is a reputation system, namely, ' If one particular node is "too lazy", it will be dropped by its neighbors.' This leads to the second topic.
Privacy
So, one should build up a good reputation by letting people know all the good transactions and verifications one made. Once you decide to use a new node for some privacy, the reputation gone. Then again, lazy nodes benefit.
Security
Let's start with an attack scenario to double spend target transaction T with T'.
1.T has been broadcasted.
2.A lot of micro-payments are broadcasted as a distraction from T.
3.Attackers vote for T' to out weight T.
Usually, attackers need 51% of network power to out race target T in a blockchain. However here, computing power are extremely distracted in the tangle. People just don't have to verify T. They can get caught by micro-payments which IOTA is proud of (without even try to draw a line between micro-payments and spamming). Or, they can be lazy. Then, when T' and T are getting close, good nodes will not approve both T' and T directly or indirectly since their reputation and their chance to get approved is on the stake. So, stay out of the dispute watching T' out weight T clearly, and then, approve T'.
Moreover, since IOTA has an asynchronous network, attackers can pre-prepare their PoW (Proof of Work). For example, they can solve the cryptographic puzzle as PoW in advance and wait for the "right time" to broadcast their transactions.
One cannot point out all the concerns in the tangle. But we shall at least ask : When can I confirm that I get the money? In Bitcoin, it is about 6 blocks after your transaction is included into a block, which means approximately 60 minutes. Not bad. Now, in the tangle, how long should I wait?
Well, this is a crucial question to our exchange. We cannot tell our clients that we have no idea when you can safely trade your IOTA; Plus the unsolved privacy issue; Plus the concerns that IOTA will be paralyzed by innocent lazy nodes. In conclusion, IOTA will not be traded on our SuiQiu cryptocurrency exchange.
Blockchain Researcher Yushi
yushi@chaobi.la
8/10/2017
Never heard of this exchange.
I'd really like to hear an official response to these points from a dev, these are quite serious concerns if valid.
TLDR isn't really enough.
Disclosure: About half my crypto holdings are in IOTA.
Re: IOTA & NEO fighting for 5th Place Litecoin not Top 5 anymore
I think its a good time to buy IOTA Still. Think it will cross $1 price this week
It is always a good idea to buy at an all time high! FACEPALM!
Well if you bought IOTA or BTC at all time highs a few weeks ago....
I put half my alts into IOTA a week ago on an all time high and doubled my money. Am now 50:50 IOTA and BTC (sold my NEO yesterday for nice profit).
IOTA coming to Bittrex in the coming weeks is only going to help the price.
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
Let's just keep our fingers crossed for mne. Hope the devs give us an update. This was promising hitting $12 and now it's consolidating below $2.
Dev is very consistent and working non stop on this project to deliver more features for this project. I have strong faith into this innovation one day it will take it's spot where it deserve to be. I think in next spike it will hit new ATH so stay positive soon everything will be better.
How do you know that?
There is no activity on github since April, last tweet was in July 9th.
FWIW i hold some and am quite concerned that the dev has literally vanished.
If you know more please share.
There WILL be a Bitcoin fork on August 1st, got this from LiteBit.eu earlier today, makes me quite nervous about the day:
Quote
Dear Supercell,
On the 20th of July more than 90% of the Bitcoin community reached a consensus to increase the transaction capacity. The Bitcoin network was reaching a capacity wall.
This milestone increased the trust in the future of Bitcoin and resulted a positive surge in the Bitcoin price. This news does not mean there will not be a split.
On August 1st, a hardfork will be stated by a group calling themselves Bitcoin Cash. It is predicted that Bitcoin Cash will have a mining power of 5 to 10% of the current Bitcoin. This would result in a new cryptocurrency.
It is important that you pay attention with sending and receiving Bitcoins on August 1st.
On this day it could happen that your Bitcoins will be sent to the wrong blockchain.
What do you have to do on August 1st (and 12 hours before this):
Stop accepting Bitcoin payments.
Expect long delays if you decide to send Bitcoin.
Wait patiently until there's more information about the situation.
What will LiteBit do on August 1st?
Sending Bitcoin from your LiteBit wallet will be disabled July 31st 12:00 CET.
We will disable the sell option of Bitcoin July 31st 12:00 CET.
Every possible version of Bitcoin will be supported on our platform. However, it might take a while before we have fully adapted our infrastructure to the new situation.
This means your Bitcoins are safe if they are stored in your LiteBit wallet.
Please do not hesitate to contact us using our helpdesk, by calling us or sending us an email.
Kind Regards,
Team LiteBit.eu
On the 20th of July more than 90% of the Bitcoin community reached a consensus to increase the transaction capacity. The Bitcoin network was reaching a capacity wall.
This milestone increased the trust in the future of Bitcoin and resulted a positive surge in the Bitcoin price. This news does not mean there will not be a split.
On August 1st, a hardfork will be stated by a group calling themselves Bitcoin Cash. It is predicted that Bitcoin Cash will have a mining power of 5 to 10% of the current Bitcoin. This would result in a new cryptocurrency.
It is important that you pay attention with sending and receiving Bitcoins on August 1st.
On this day it could happen that your Bitcoins will be sent to the wrong blockchain.
What do you have to do on August 1st (and 12 hours before this):
Stop accepting Bitcoin payments.
Expect long delays if you decide to send Bitcoin.
Wait patiently until there's more information about the situation.
What will LiteBit do on August 1st?
Sending Bitcoin from your LiteBit wallet will be disabled July 31st 12:00 CET.
We will disable the sell option of Bitcoin July 31st 12:00 CET.
Every possible version of Bitcoin will be supported on our platform. However, it might take a while before we have fully adapted our infrastructure to the new situation.
This means your Bitcoins are safe if they are stored in your LiteBit wallet.
Please do not hesitate to contact us using our helpdesk, by calling us or sending us an email.
Kind Regards,
Team LiteBit.eu
In my opinion, I will waiting the price of ETH crashing after pumping in past days, I know it just is bull trap for holder ETH sold all amount coin they holding before big crash happening. Why ETH still increasing when have more information about a huge number ETH hacked from ICOs, wallet exchange ...? Use your brain and find the answer for this question
ETH itself was NOT hacked, some wallets were, lets cut out the FUD please.
What a day, BTC exploding, ETH crashing and back up .
In ordinary circumstances ETH and the alts should be very bullish right now but are pretty muted post ETH wallet hack which sucks a bit, hopefully confidence will return to the alts.
Disclosure: I did pick up some ETH earlier this morning at around $190, but not confident thats a good hodl for now, will get rid of it as soon it shows signs of plummeting again, at least until post August 1st market direction becomes more clear.
In ordinary circumstances ETH and the alts should be very bullish right now but are pretty muted post ETH wallet hack which sucks a bit, hopefully confidence will return to the alts.
Disclosure: I did pick up some ETH earlier this morning at around $190, but not confident thats a good hodl for now, will get rid of it as soon it shows signs of plummeting again, at least until post August 1st market direction becomes more clear.