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Hello send me a pm with your telegram thanks
pm sent, thanks!Very True if you are buying a Blue Chip (Just like in Stocks i.e. Exxon / Mobil during Oil market Crashes)
If you ask how to buy the coin at the right time, the answer will be difficult because we do not know when the price touches the bottom and then bounce up. But as long as you can buy at a lower price, even if the price is still down, you will have a chance to make a profit because the price will bounce up. That is work for the coin that has an opportunity to increase such ethereum, bnb, and the other top coins. But if that is about the other coins that do not have much support or low market cap, it will not be easy to detect the lower price.
Maybe I will try to buy the coin when the price drops deeper and once the red candle shows in the market, I will prepare to wait for the next candle or place my order buy at another lower price. But I will analyze to predict when the price reaches the lower price or trying to detect if the downtrend is come or still waiting for more.
Maybe I will try to buy the coin when the price drops deeper and once the red candle shows in the market, I will prepare to wait for the next candle or place my order buy at another lower price. But I will analyze to predict when the price reaches the lower price or trying to detect if the downtrend is come or still waiting for more.
That makes sense, particularly in relationship to Liquidity Pools
hello friends,
For the first time today, the right light came on in my head for the cryptocurrency market.
maybe you have too.
How to buy BNB at the right time? altcoin or main coin? I wanted to share some of my experiences on these issues.
The jumps in BNB are usually in parallel with the new altcoins that will be released to the market. BNB is making solid crypto openings at the right times. while doing this, the pool is inflated with BNB. this results in the BNB being pumped upwards.
what are we doing then? We follow the cryptos that BNB offers to the market and shift the capital to BNB. When crypto peaks, we exit BNB in the short term and go on hold.
For the first time today, the right light came on in my head for the cryptocurrency market.
maybe you have too.
How to buy BNB at the right time? altcoin or main coin? I wanted to share some of my experiences on these issues.
The jumps in BNB are usually in parallel with the new altcoins that will be released to the market. BNB is making solid crypto openings at the right times. while doing this, the pool is inflated with BNB. this results in the BNB being pumped upwards.
what are we doing then? We follow the cryptos that BNB offers to the market and shift the capital to BNB. When crypto peaks, we exit BNB in the short term and go on hold.
Personally, I would wait until AFTER The Merge. I don't believe you will receive any additional benefits from staking it immediately and you will be better able see how it all shakes out. Keep your ether in your wallet and Hodl
Getting 32 ETH to participate in staking isn't easy. At current market prices, not everyone will be able to become a validator to help secure the ETH blockchain. Of course, you can participate in staking with less than 32 ETH by making a deposit on a staking pool. But this involves trusting a third party, which is something crypto/Blockchain tech was meant to avoid in the first place.
As far as rewards are concerned, it's yet to be determined the annual returns you'll get when staking 32 ETH. There are other coins on the market with high stake rates of 20% APR and above. Taking this into account, I'm starting to wonder: Is it worth staking ETH? Your input will be greatly appreciated. Thank you.
As far as rewards are concerned, it's yet to be determined the annual returns you'll get when staking 32 ETH. There are other coins on the market with high stake rates of 20% APR and above. Taking this into account, I'm starting to wonder: Is it worth staking ETH? Your input will be greatly appreciated. Thank you.
Count me in. I'm looking into this as well.
Considering the enormous cost of energy in my country, it seemed to me that filecoin mining is smart, even though the instant payment is only 25%, (well, of course, conversion to USDT and expectation of a bear market). This thread is kind of like a reminder of what I should be doing in the near future.
I might just actively participate here 
Great, now there are two of us at this party I got my M4A1
This is what I found on the internet yesterday
This have been my dream for a long time now and it's finally coming true, I spent hours on my Xbox and always have this thought of getting paid while gaming, I've used this to create topics in the past and many said it's impossible but now I think it's becoming a reality
This have been my dream for a long time now and it's finally coming true, I spent hours on my Xbox and always have this thought of getting paid while gaming, I've used this to create topics in the past and many said it's impossible but now I think it's becoming a reality
Don't sell on litecoinlocal.net ...F*ckin' Paypal Reversal scamming going on
Just had a Paypal reversal 17 days after the transaction was completed on litecoinlocal.net and I have tried contacting them via twitter, email, IRC and on Reddit and have gotten ZERO help or response with this.Very angry about losing my money and I DEFINITELY not recommending ANYONE sell your Litecoin there because you are on your own if you are screwed when a scammer reverses a paypal sale!
Rising fees seem to be the only thing people talk about in the bitcoin world these days.
The crypto space is full of frustration and vitriol on the topic, as the average transaction fee has soared to $19, turning bitcoin's old claim to fame as a cheaper online payment method into a laughable****ertion.
But despite these increasing costs, and the long-running debate they've caused, developers and users argue there are simple ways to decrease fees that aren't being fully taken advantage of.
This point was raised recently when new data came to light suggesting that one bitcoin startup, Coinbase, singlehandedly facilitates as many as half of all bitcoin transactions, based on the drop in overall network volume when the U.S.-based exchange went offline for a couple hours on Jan. 11.
The problem with that situation, according to critics, is the company could singlehandedly save users (not only its own but other companies' customers as well) a bundle on their transactions by implementing a couple technical features, namely Segregated Witness (SegWit).
And since the code change for SegWit was activated on bitcoin nearly six months ago, many are upset Coinbase hasn't yet implemented it.
Sergej Kotliar, the CEO of payment provider Bitrefill, called the new data a "smoking gun" in that it shows how much of bitcoin's limited transaction space Coinbase is using up. The pseudonymous blogger WhalePanda went so far as to blame bitcoin's transaction backlogs and high fees on the Silicon Valley startup's "incompetence."
Patience is running especially thin as it relates to Coinbase, since the startup was one of the more vocal during bitcoin's block size debate, complaining about high fees and arguing that an increase in the block size parameter would help alleviate those expenses.
Yet, critics argue, the company really shouldn't be complaining since it's not doing everything it can to push fees lower.
In response, Coinbase co-founder and CEO Brian Armstrong took to Twitter to stress that the company is working on rolling out technical features to reduce fees, but hinted that it's not easy. "Thanks for bearing with us!" he said. (Coinbase declined to comment for this story).
But should users not be interested in enduring the fees for transacting, there are several possible ways to reduce them today.
The fee halver
SegWit was lauded as the optimization that would help bitcoin scale without upping the block size during last year's scaling debates yet only 12% of bitcoin transactions take advantage of the technology, even though SegWit transactions cost half as much as normal transactions.
Not all wallets currently have SegWit capability, but hardware wallets Trezor and Ledger support it and mobile wallets such as Edge (formerly Airbitz) and privacy-minded Samourai Wallet do as well.
But for users who don't want to go through the trouble of switching providers, SegWit capability is on its way at other companies too.
Coinbase and Blockchain.info are working on implementations, for example, but both have emphasized that SegWit is a new and complex change that they need to take their time with they could lose user funds if a big enough mistake occurred.
Overall though, as the number of companies supporting the new feature grows, bitcoin fees will decrease some even argue that transaction fees would disappear altogether if SegWit transactions replaced normal transactions.
But if fees aren't eliminated altogether, a more specific type of SegWit address is in the works, which could potentially save users more in the future.
Estimation game
But while users wait for mass SegWit adoption, they can reduce fees individually using fee estimators.
Although early bitcoin wallets didn't let users choose fees, this has changed, with many bitcoin wallets providing fee estimator tools to help users decide how much of a fee they should attach to their transaction to get it through the network in a timely manner.
In short, the higher the fee, the quicker the transaction will get added to a block, but on the other hand, users don't want to overpay. New fee estimator tools try to help users strike the right balance.
That said, some estimators are better than others.
Some users check with standalone tools that consider different factors, such as the estimator from University of Freiburg computer science researcher Jochen Hoenicke, which gives a good idea of what fee is required to get your transaction into the next block.
Another from Coinb.in considers transaction complexity such as how much data is sent with the transaction. Fees also take this into account, meaning that even a transaction equal to $1 could have large fees based on a large amount of data attached to the transaction, whereas a transaction equal to $1,000 could have a smaller fee if the amount of data attached to it is limited.
Users have criticized some estimators as telling them to pay higher fees than necessary, but that's partly because fees are so difficult to predict. Fees can fluctuate for all sorts of reasons. The day of the week, for instance, can be a factor since people generally make fewer transactions on the weekend, meaning transaction backlogs would ease and fees wouldn't need to be so high during that time.
In this way, users who don't need to send money right away always have the option to wait for transaction backlogs to die down.
Beyond that, there are more roundabout ways to eliminate transaction fees completely, but these are highly dependent on what wallet or exchange provider is used.
For instance, it's possible to transfer bitcoin on Coinbase for free, using its off-chain way of transacting or by moving funds to the startup's cryptocurrency exchange, GDAX.
Longer-term tools
While the idea of batching a bunch of smaller transactions into one big transaction has been used in the traditional payments space for some time, it's becoming more popular for bitcoin businesses that facilitate payments.
If more companies use this feature effectively, bitcoin transaction fees could be reduced by as much as 80 percent, according to one estimate. However, it's worth mentioning that batching can erode privacy and is potentially slower, depending on how the company or user implements it.
Despite these tradeoffs, though, several companies, including Coinbase, have announced they intend to implement batching to tame fees.
In an effort to keep up with all the industry's progress on decreasing fees, Bitrefill's Kotliar launched a tool that allows users to see how optimized their bitcoin transactions are, displaying whether the transaction used batches, SegWit or a handful of other mechanisms shown to increase or decrease fees.
"Just paste a transaction ID and see if youre overpaying for your bitcoin transactions and withdrawals," Kotliar tweeted.
Plus, looking even further into the future, bitcoin developers are working on a handful of projects, such as the Lightning Network, that would be instrumental in reducing transaction fees, even as the number of people using the network continues to grow.
Summing up the work in the industry to reduce transaction fees in the short term, BitGo engineer Mark Erhardt tweeted:
"There is a lot of throughput to be gained by making better use of the available capacity."
https://www.coindesk.com/save-bitcoins-soaring-fees/
The crypto space is full of frustration and vitriol on the topic, as the average transaction fee has soared to $19, turning bitcoin's old claim to fame as a cheaper online payment method into a laughable****ertion.
But despite these increasing costs, and the long-running debate they've caused, developers and users argue there are simple ways to decrease fees that aren't being fully taken advantage of.
This point was raised recently when new data came to light suggesting that one bitcoin startup, Coinbase, singlehandedly facilitates as many as half of all bitcoin transactions, based on the drop in overall network volume when the U.S.-based exchange went offline for a couple hours on Jan. 11.
The problem with that situation, according to critics, is the company could singlehandedly save users (not only its own but other companies' customers as well) a bundle on their transactions by implementing a couple technical features, namely Segregated Witness (SegWit).
And since the code change for SegWit was activated on bitcoin nearly six months ago, many are upset Coinbase hasn't yet implemented it.
Sergej Kotliar, the CEO of payment provider Bitrefill, called the new data a "smoking gun" in that it shows how much of bitcoin's limited transaction space Coinbase is using up. The pseudonymous blogger WhalePanda went so far as to blame bitcoin's transaction backlogs and high fees on the Silicon Valley startup's "incompetence."
Patience is running especially thin as it relates to Coinbase, since the startup was one of the more vocal during bitcoin's block size debate, complaining about high fees and arguing that an increase in the block size parameter would help alleviate those expenses.
Yet, critics argue, the company really shouldn't be complaining since it's not doing everything it can to push fees lower.
In response, Coinbase co-founder and CEO Brian Armstrong took to Twitter to stress that the company is working on rolling out technical features to reduce fees, but hinted that it's not easy. "Thanks for bearing with us!" he said. (Coinbase declined to comment for this story).
But should users not be interested in enduring the fees for transacting, there are several possible ways to reduce them today.
The fee halver
SegWit was lauded as the optimization that would help bitcoin scale without upping the block size during last year's scaling debates yet only 12% of bitcoin transactions take advantage of the technology, even though SegWit transactions cost half as much as normal transactions.
Not all wallets currently have SegWit capability, but hardware wallets Trezor and Ledger support it and mobile wallets such as Edge (formerly Airbitz) and privacy-minded Samourai Wallet do as well.
But for users who don't want to go through the trouble of switching providers, SegWit capability is on its way at other companies too.
Coinbase and Blockchain.info are working on implementations, for example, but both have emphasized that SegWit is a new and complex change that they need to take their time with they could lose user funds if a big enough mistake occurred.
Overall though, as the number of companies supporting the new feature grows, bitcoin fees will decrease some even argue that transaction fees would disappear altogether if SegWit transactions replaced normal transactions.
But if fees aren't eliminated altogether, a more specific type of SegWit address is in the works, which could potentially save users more in the future.
Estimation game
But while users wait for mass SegWit adoption, they can reduce fees individually using fee estimators.
Although early bitcoin wallets didn't let users choose fees, this has changed, with many bitcoin wallets providing fee estimator tools to help users decide how much of a fee they should attach to their transaction to get it through the network in a timely manner.
In short, the higher the fee, the quicker the transaction will get added to a block, but on the other hand, users don't want to overpay. New fee estimator tools try to help users strike the right balance.
That said, some estimators are better than others.
Some users check with standalone tools that consider different factors, such as the estimator from University of Freiburg computer science researcher Jochen Hoenicke, which gives a good idea of what fee is required to get your transaction into the next block.
Another from Coinb.in considers transaction complexity such as how much data is sent with the transaction. Fees also take this into account, meaning that even a transaction equal to $1 could have large fees based on a large amount of data attached to the transaction, whereas a transaction equal to $1,000 could have a smaller fee if the amount of data attached to it is limited.
Users have criticized some estimators as telling them to pay higher fees than necessary, but that's partly because fees are so difficult to predict. Fees can fluctuate for all sorts of reasons. The day of the week, for instance, can be a factor since people generally make fewer transactions on the weekend, meaning transaction backlogs would ease and fees wouldn't need to be so high during that time.
In this way, users who don't need to send money right away always have the option to wait for transaction backlogs to die down.
Beyond that, there are more roundabout ways to eliminate transaction fees completely, but these are highly dependent on what wallet or exchange provider is used.
For instance, it's possible to transfer bitcoin on Coinbase for free, using its off-chain way of transacting or by moving funds to the startup's cryptocurrency exchange, GDAX.
Longer-term tools
While the idea of batching a bunch of smaller transactions into one big transaction has been used in the traditional payments space for some time, it's becoming more popular for bitcoin businesses that facilitate payments.
If more companies use this feature effectively, bitcoin transaction fees could be reduced by as much as 80 percent, according to one estimate. However, it's worth mentioning that batching can erode privacy and is potentially slower, depending on how the company or user implements it.
Despite these tradeoffs, though, several companies, including Coinbase, have announced they intend to implement batching to tame fees.
In an effort to keep up with all the industry's progress on decreasing fees, Bitrefill's Kotliar launched a tool that allows users to see how optimized their bitcoin transactions are, displaying whether the transaction used batches, SegWit or a handful of other mechanisms shown to increase or decrease fees.
"Just paste a transaction ID and see if youre overpaying for your bitcoin transactions and withdrawals," Kotliar tweeted.
Plus, looking even further into the future, bitcoin developers are working on a handful of projects, such as the Lightning Network, that would be instrumental in reducing transaction fees, even as the number of people using the network continues to grow.
Summing up the work in the industry to reduce transaction fees in the short term, BitGo engineer Mark Erhardt tweeted:
"There is a lot of throughput to be gained by making better use of the available capacity."
https://www.coindesk.com/save-bitcoins-soaring-fees/
Re: WTS AMD R9 280X $160 and AMD HD 7950 $130 Shipping to the USA Only
Up for sale I have a lightly used XFX R9 280X GPU that was in my wife's desktop for ~ 2 years and was lightly used for some gaming and for general office type work.
Also Up for sale I have a Sapphire HD 7950 Dual X GPU that was pulled from a friends gaming desktop due to it having a fan going bad on it. I replaced both fans with brand new fans and tested it to be in good working order. It is dustier then I would like it to be but I will clean it off with compressed air as best as I can.
Both GPUs are listed on eBay as well so they may be sold at any time.
Shipping to the USA only I ship FREE via USPS - I take payment in Bitcoin or a variety of Altcoins. - Escrow preferred.
Also Up for sale I have a Sapphire HD 7950 Dual X GPU that was pulled from a friends gaming desktop due to it having a fan going bad on it. I replaced both fans with brand new fans and tested it to be in good working order. It is dustier then I would like it to be but I will clean it off with compressed air as best as I can.
Both GPUs are listed on eBay as well so they may be sold at any time.
Shipping to the USA only I ship FREE via USPS - I take payment in Bitcoin or a variety of Altcoins. - Escrow preferred.
Do you have any of these still for sale?
[2018-1-21] Public Blockchain's Lure Will Become Irresistible for Enterprises
Paul Brody is a principal and global innovation leader for blockchain technology at EY.
The following article is an exclusive contribution to CoinDesk's 2017 in Review.
Say what you will about Cryptokitties, but the app does something today that nearly all enterprise blockchains still cannot: exchange one item of value, a cryptokitty, for another item of value, ether.
That item of value may be silly (a digital kitten), but to those who care about them, it's really enough.
More importantly, the entire contract and transaction, including the exchange of product, takes place on the ethereum blockchain. At EY, our hypothesis is that this kind of low-friction, closed-loop economic transaction is, in fact, the ultimate end game for most enterprise blockchain aspirations.
We're still very far from that destination, however.
Right now, many enterprise blockchains are still operating like distributed databases and notary services, often with very specialized objectives, such as tracking product provenance. This is a useful start, but if we are not careful, it could be a dead end a fancy, hacker-proof database, where the software company has replaced the central bank as the intermediary of choice.
To deliver on the full promise of blockchain technology, we believe that enterprises must embrace the full power of tokenization, and ultimately, the allure of the public network. And, 2018 is the year that this will come into view as the future of this technology.
Time for tokens
The foundation of this high-value future is the concept of tokenization: representing a company's products and services as digital tokens on a blockchain, not merely as items of information, but as carriers of value.
Such digital tokens can stand for anything from pharmaceuticals to phones to music. Whatever they are, they should have****igned ownership and value. If you have a pallet of 1,000 mobile phones, each worth $1,000, that's on a ship in transit, the blockchain should represent that with 1,000 small tokens with a collective value of $1 million.
When products are made, delivered or sold, value in the blockchain can change hands: 1,000 phone tokens for $1 million in U.S. dollar tokens. Not just bitcoin or ether, but U.S. dollar. Or euros or yen for that matter.
Set aside the debate about the value of traditional fiat vs. cryptocurrencies for the long run. The simple fact is that enterprise CFOs want to be paid the same currencies in which they have expenses and long-term liabilities.
That means tokenizing traditional fiat currency and doing so in the same blockchain as the products and services are tokenized.
Having both types of tokens in the same blockchain is critical it is what enables the seamless, low-friction and low-risk exchange of items of value. Cross-chain connections are a nice idea, but they can't beat the power and simplicity of direct exchange.
Central banks are already experimenting with the tokenization of their own currencies, but doing so in private, permissioned or proprietary blockchains that are managed by the central banks. It is a good start, but the next logical step is to create the legal and regulatory framework that enables the tokenization of fiat currency on any industrial or public blockchain.
Once a closed-loop tokenized industrial blockchain exists, many of the key foundations of specialized blockchains would become add-on features in the true economic blockchain. Trade finance is easy if you trust that the representation of 1,000 phones, each worth $1,000 is accurate you can loan money against those tokens in the blockchain.
Similarly, customs declarations, tax calculations, and product history and provenance are all easily derived from looking at the history of the tokens in that blockchain. No separate blockchain is required for trade finance, payments or product traceability.
Next steps
This vision of the future will start arriving in 2018, and it will have two clear stages.
The first will be the development of what we are call full cycle economic blockchains, where products and services are tokenized and exchanged through digital smart contracts for digital currency tokens. This foundation will likely start with sales, procurement and logistics, and will then go on to see the addition of related services, such as trade finance.
The second phase of this will be the gradual emergence of public blockchains as the preferred ecosystems for these transactions.
We believe that decentralized public blockchains are the only way by which enterprises will truly and deeply commit to digitizing their products and services in a fully interoperable manner. No company will want a centralized intermediary to become the main point of exchange for trillions of dollars in products and services: that entity will have far too much power as a natural monopoly, protected by powerful network effects.
This second phase will depend on how quickly transaction privacy tools such as zero-knowledge proofs (and related zk-snarks and zk-starks) mature.
Right now, transaction scalability and data privacy are not yet ready for multiple competing enterprises to put their strategic transactions into a public blockchain and feel confident they are secure, but that those risks will start to fade in 2018.
Beyond privacy, there are still many challenges to making public blockchains usable for enterprises, including how to implement the rule of law and related know-your-customer and anti-money-laundering regulations.
We believe these are solvable problems and that they can be addressed without the need for centralization. We're already testing our ideas of how to audit decentralized fiat currency tokens on public networks in ways that will company with AML and KYC rules, for example.
In the end, the lure of the public blockchain network is overwhelming. It's the only place where companies can be sure they are being treated fairly on a transparent, inspectable and open playing field.
In 2018, the foundations for this future will emerge and the first pilots of these concepts will be visible on the world's public blockchain networks.
https://www.coindesk.com/public-blockchains-lure-will-become-irresistible-enterprises-2018/
The following article is an exclusive contribution to CoinDesk's 2017 in Review.
Say what you will about Cryptokitties, but the app does something today that nearly all enterprise blockchains still cannot: exchange one item of value, a cryptokitty, for another item of value, ether.
That item of value may be silly (a digital kitten), but to those who care about them, it's really enough.
More importantly, the entire contract and transaction, including the exchange of product, takes place on the ethereum blockchain. At EY, our hypothesis is that this kind of low-friction, closed-loop economic transaction is, in fact, the ultimate end game for most enterprise blockchain aspirations.
We're still very far from that destination, however.
Right now, many enterprise blockchains are still operating like distributed databases and notary services, often with very specialized objectives, such as tracking product provenance. This is a useful start, but if we are not careful, it could be a dead end a fancy, hacker-proof database, where the software company has replaced the central bank as the intermediary of choice.
To deliver on the full promise of blockchain technology, we believe that enterprises must embrace the full power of tokenization, and ultimately, the allure of the public network. And, 2018 is the year that this will come into view as the future of this technology.
Time for tokens
The foundation of this high-value future is the concept of tokenization: representing a company's products and services as digital tokens on a blockchain, not merely as items of information, but as carriers of value.
Such digital tokens can stand for anything from pharmaceuticals to phones to music. Whatever they are, they should have****igned ownership and value. If you have a pallet of 1,000 mobile phones, each worth $1,000, that's on a ship in transit, the blockchain should represent that with 1,000 small tokens with a collective value of $1 million.
When products are made, delivered or sold, value in the blockchain can change hands: 1,000 phone tokens for $1 million in U.S. dollar tokens. Not just bitcoin or ether, but U.S. dollar. Or euros or yen for that matter.
Set aside the debate about the value of traditional fiat vs. cryptocurrencies for the long run. The simple fact is that enterprise CFOs want to be paid the same currencies in which they have expenses and long-term liabilities.
That means tokenizing traditional fiat currency and doing so in the same blockchain as the products and services are tokenized.
Having both types of tokens in the same blockchain is critical it is what enables the seamless, low-friction and low-risk exchange of items of value. Cross-chain connections are a nice idea, but they can't beat the power and simplicity of direct exchange.
Central banks are already experimenting with the tokenization of their own currencies, but doing so in private, permissioned or proprietary blockchains that are managed by the central banks. It is a good start, but the next logical step is to create the legal and regulatory framework that enables the tokenization of fiat currency on any industrial or public blockchain.
Once a closed-loop tokenized industrial blockchain exists, many of the key foundations of specialized blockchains would become add-on features in the true economic blockchain. Trade finance is easy if you trust that the representation of 1,000 phones, each worth $1,000 is accurate you can loan money against those tokens in the blockchain.
Similarly, customs declarations, tax calculations, and product history and provenance are all easily derived from looking at the history of the tokens in that blockchain. No separate blockchain is required for trade finance, payments or product traceability.
Next steps
This vision of the future will start arriving in 2018, and it will have two clear stages.
The first will be the development of what we are call full cycle economic blockchains, where products and services are tokenized and exchanged through digital smart contracts for digital currency tokens. This foundation will likely start with sales, procurement and logistics, and will then go on to see the addition of related services, such as trade finance.
The second phase of this will be the gradual emergence of public blockchains as the preferred ecosystems for these transactions.
We believe that decentralized public blockchains are the only way by which enterprises will truly and deeply commit to digitizing their products and services in a fully interoperable manner. No company will want a centralized intermediary to become the main point of exchange for trillions of dollars in products and services: that entity will have far too much power as a natural monopoly, protected by powerful network effects.
This second phase will depend on how quickly transaction privacy tools such as zero-knowledge proofs (and related zk-snarks and zk-starks) mature.
Right now, transaction scalability and data privacy are not yet ready for multiple competing enterprises to put their strategic transactions into a public blockchain and feel confident they are secure, but that those risks will start to fade in 2018.
Beyond privacy, there are still many challenges to making public blockchains usable for enterprises, including how to implement the rule of law and related know-your-customer and anti-money-laundering regulations.
We believe these are solvable problems and that they can be addressed without the need for centralization. We're already testing our ideas of how to audit decentralized fiat currency tokens on public networks in ways that will company with AML and KYC rules, for example.
In the end, the lure of the public blockchain network is overwhelming. It's the only place where companies can be sure they are being treated fairly on a transparent, inspectable and open playing field.
In 2018, the foundations for this future will emerge and the first pilots of these concepts will be visible on the world's public blockchain networks.
https://www.coindesk.com/public-blockchains-lure-will-become-irresistible-enterprises-2018/
[2018-1-21] GREG MAXWELL EXITS BLOCKSTREAM AS LIGHTNING NETWORK SPARKS WARNINGS
Bitcoin Core developer and Blockstream co-founder Greg Maxwell announced he has left the company as criticism mounts over its Lightning Network advocacy.
MAXWELL: BLOCKSTREAM HAS BEEN BIG SUCCESS
In a circular to the core mailing list Friday, Maxwell said he had opted to spend more time working independently on Bitcoin technical advances.
We hoped that Blockstream could help act as an anchor of support for technology development, and in doing so help grow the community. I think that has been a big success, he wrote.
Greg Maxwell
From what Ive been told Blockstream plans to continue to contribute to awesome technology in Bitcoin as demonstrated by their Lightning [Network] webstore this week but if they didnt, that wouldnt be a problem for Bitcoin.
Maxwell added that he had in fact left Blockstream at the end of November, but had continued finishing his involvement until the new year.
BLOCKSTREAM CRITICIZED OVER MAINNET LIGHTNING NETWORK DEBUT
As Maxwell unveiled proof-of-concept work for Bitcoin scaling upgrade Schnorr multisignatures this week together with other Core developers, Blockstreams latest technical release has received mixed reactions.
After it launched the pioneering store Maxwell mentions, which is one of the first outlets to accept Lightning payments, Bitcoin community figures criticized the move as premature given the technologys experimental status.
The way (Blockstream) is promoting LN use on mainnet is very irresponsible. People will lose money and LN reputation will be damaged, Bitcoin.org creator Cobra wrote on Twitter, sparking a debate involving Civic CEO Vinny Lingham and commentator Vortex.
18 Jan
Vinny Lingham
✔
@VinnyLingham
Replying to @theonevortex and 4 others
Which no-one but the 0.001% care about or will use. Show me data that suggests that more than that cares (youre in that fraction).
Lee
@leehughes21
A growing number of people care or are at least curious pic.twitter.com/BMAeQBDwGJ
10:00 PM - Jan 18, 2018
View image on Twitter
3 3 Replies 3 3 Retweets 29 29 likes
Twitter Ads info and privacy
Blockstream had in fact noted in a post about the release that Lightning was in a testing stage, inviting early users to report any inconsistencies.
As Bitcoinist reported Thursday, the network currently boasts a modest but quickly growing presence on the Bitcoin mainnet, at press time comprising approximately 50 nodes and 80 channels with a total capacity of just under $12,000.
The statistics resource tracking the data also carries a more cryptic haiku-style warning not to place too much trust in the nascent network.
http://bitcoinist.com/core-dev-greg-maxwell-exits-blockstream/
MAXWELL: BLOCKSTREAM HAS BEEN BIG SUCCESS
In a circular to the core mailing list Friday, Maxwell said he had opted to spend more time working independently on Bitcoin technical advances.
We hoped that Blockstream could help act as an anchor of support for technology development, and in doing so help grow the community. I think that has been a big success, he wrote.
Greg Maxwell
From what Ive been told Blockstream plans to continue to contribute to awesome technology in Bitcoin as demonstrated by their Lightning [Network] webstore this week but if they didnt, that wouldnt be a problem for Bitcoin.
Maxwell added that he had in fact left Blockstream at the end of November, but had continued finishing his involvement until the new year.
BLOCKSTREAM CRITICIZED OVER MAINNET LIGHTNING NETWORK DEBUT
As Maxwell unveiled proof-of-concept work for Bitcoin scaling upgrade Schnorr multisignatures this week together with other Core developers, Blockstreams latest technical release has received mixed reactions.
After it launched the pioneering store Maxwell mentions, which is one of the first outlets to accept Lightning payments, Bitcoin community figures criticized the move as premature given the technologys experimental status.
The way (Blockstream) is promoting LN use on mainnet is very irresponsible. People will lose money and LN reputation will be damaged, Bitcoin.org creator Cobra wrote on Twitter, sparking a debate involving Civic CEO Vinny Lingham and commentator Vortex.
18 Jan
Vinny Lingham
✔
@VinnyLingham
Replying to @theonevortex and 4 others
Which no-one but the 0.001% care about or will use. Show me data that suggests that more than that cares (youre in that fraction).
Lee
@leehughes21
A growing number of people care or are at least curious pic.twitter.com/BMAeQBDwGJ
10:00 PM - Jan 18, 2018
View image on Twitter
3 3 Replies 3 3 Retweets 29 29 likes
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Blockstream had in fact noted in a post about the release that Lightning was in a testing stage, inviting early users to report any inconsistencies.
As Bitcoinist reported Thursday, the network currently boasts a modest but quickly growing presence on the Bitcoin mainnet, at press time comprising approximately 50 nodes and 80 channels with a total capacity of just under $12,000.
The statistics resource tracking the data also carries a more cryptic haiku-style warning not to place too much trust in the nascent network.
http://bitcoinist.com/core-dev-greg-maxwell-exits-blockstream/
[2018-1-21] TRACE MAYER: BITCOIN MAY HIT ‘SIGNIFICANTLY OVERVALUED $115K IN 2018
Bitcoin Knowledge host and notorious advocate Trace Meyer has suggested Bitcoin could hit $115,000 in 2018 after its correction ends.
WALL STREET MONEY MOUNTAIN LINING UP
The latest in a cluster of buoyant forecasts for the Bitcoin price to surface in recent weeks, Meyer tipped fellow analyst Tone Vays for suggestions on what to expect over the next eleven-and-a-half months.
$115,000, despite being a theoretical possibility based on previous behavioral cycles, would be very overvalued, Mayer adds.
Current (Bitcoin) run very similar to Jan-Mar 2013 run ($7->$266->$90; $700-$20k->$9k) with backlogged new accounts, etc. then Silk Road catalyst (salable supply shock) for $100->$1,200. Mountain of (Wall Street) money lining up, he wrote in accompanying comments.
View image on Twitter
View image on Twitter
Trace Mayer
@TraceMayer
Current #Bitcoin run very similar to Jan-Mar 2013 run ($7->$266->$90; $700-$20k->$9k) with backlogged new accounts, etc. then Silk Road catalyst (salable supply shock) for $100->$1,200. Mountain of #WallStreet money lining up. What are potential 2018 $BTC scenarios? @ToneVays? 😎
9:46 AM - Jan 17, 2018
51 51 Replies 460 460 Retweets 965 965 likes
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Bitcoin is currently recovering from a 48-hour slide which saw prices dip the most since 2013s Mt. Gox implosion.
Trading around $11,370 at press time, major exchanges had offered as little as $9402 per coin Wednesday, representing the lowest asks since late November.
TEMPERING 2017S EPIC BULL RUN
Mayers optimism meanwhile partly echoes that shared by mainstream news outlet Business Insider earlier this month. On the topic of Wall Street participation moving Bitcoin markets, the publication suggested this weeks bonus allocation would result in a buying spree seeing cash flow into both Bitcoin and major altcoins.
Bull Market Bitcoin Price
If that extra investment would overvalue Bitcoin, Mayer suggests that a fair value would lie anywhere between $9500 and $14,340 meaning Thursdays average exchange value in USD is the average traders should expect for the next year.
Before this weeks downturn, Fundstrat investor Tom Lee had suggested a return to $20,000 in 2018, which if managed by June could result in a protracted move into new all-time highs.
So I think Bitcoin is still something you should own, he told CNBC in comments January 9.
http://bitcoinist.com/trace-mayer-bitcoin-115k-2018/
WALL STREET MONEY MOUNTAIN LINING UP
The latest in a cluster of buoyant forecasts for the Bitcoin price to surface in recent weeks, Meyer tipped fellow analyst Tone Vays for suggestions on what to expect over the next eleven-and-a-half months.
$115,000, despite being a theoretical possibility based on previous behavioral cycles, would be very overvalued, Mayer adds.
Current (Bitcoin) run very similar to Jan-Mar 2013 run ($7->$266->$90; $700-$20k->$9k) with backlogged new accounts, etc. then Silk Road catalyst (salable supply shock) for $100->$1,200. Mountain of (Wall Street) money lining up, he wrote in accompanying comments.
View image on Twitter
View image on Twitter
Trace Mayer
@TraceMayer
Current #Bitcoin run very similar to Jan-Mar 2013 run ($7->$266->$90; $700-$20k->$9k) with backlogged new accounts, etc. then Silk Road catalyst (salable supply shock) for $100->$1,200. Mountain of #WallStreet money lining up. What are potential 2018 $BTC scenarios? @ToneVays? 😎
9:46 AM - Jan 17, 2018
51 51 Replies 460 460 Retweets 965 965 likes
Twitter Ads info and privacy
Bitcoin is currently recovering from a 48-hour slide which saw prices dip the most since 2013s Mt. Gox implosion.
Trading around $11,370 at press time, major exchanges had offered as little as $9402 per coin Wednesday, representing the lowest asks since late November.
TEMPERING 2017S EPIC BULL RUN
Mayers optimism meanwhile partly echoes that shared by mainstream news outlet Business Insider earlier this month. On the topic of Wall Street participation moving Bitcoin markets, the publication suggested this weeks bonus allocation would result in a buying spree seeing cash flow into both Bitcoin and major altcoins.
Bull Market Bitcoin Price
If that extra investment would overvalue Bitcoin, Mayer suggests that a fair value would lie anywhere between $9500 and $14,340 meaning Thursdays average exchange value in USD is the average traders should expect for the next year.
Before this weeks downturn, Fundstrat investor Tom Lee had suggested a return to $20,000 in 2018, which if managed by June could result in a protracted move into new all-time highs.
So I think Bitcoin is still something you should own, he told CNBC in comments January 9.
http://bitcoinist.com/trace-mayer-bitcoin-115k-2018/
Blockchain technology is no longer limited to innovative startups with grand intentions of changing the world. Massive multinationals are also looking to use the technology to improve their operations and boost productivity. The latest in the lineup to get on board the blockchain train is petro corporation Shell.
According to industry portal OilPrice, the energy giant has bought up a minority share in Gartner-listed startup Applied Blockchain. Details of the deal have yet to be disclosed, but the move will enable the London startup to help Shell explore how the technology might be applied to its business.
oil rig
BLOCKCHAIN INTO BUSINESS
Operating for around three years now, Applied Blockchain has clients from the banking, telecoms, carmaking, manufacturing, and aerospace industries. This its first foray into energy. The technology is slowly entering into the energy sector with, according to Reuters, a consortium involving Shell, BP, and Statoil already working on the development of a blockchain-based energy commodity trading platform.
Shell chief technology officer Johan Krebbers highlighted the huge potential blockchain tech has for business:
Blockchain applications have huge potential to shake up how we do things in the energy industry from streamlining process, to simplifying how we work with our suppliers and serve our customers. Investing in Applied Blockchain is part of our commitment to use digitalisation to create value in our core business and develop new business models.
blockchain tech
ENERGY AND BLOCKCHAINS
Shell is not the only energy company with eyes on blockchain technology. Last year, it was reported that trading house Mercuria started working with banks ING and Societe Generale on the first large oil trade based on blockchain technology. According to analysts, the marriage of blockchain and the oil and gas industry presents a number of opportunities for streamlining and improvements in cross-border payments, record management, supply chain management, and smart contracts as potential applications.
Specialists at multinational professional services network Deloitte stated:
A secure system that mitigates risk, increases transparency, provides an audit trail, and speeds up transactions at a significantly reduced cost may be appealing to oil and gas companies.
As the crypto space expands and more companies develop blockchain solutions, the entire industry will benefit from a technology which is revolutionizing the way the world does business.
http://bitcoinist.com/oil-giant-shell-buys-blockchain/
According to industry portal OilPrice, the energy giant has bought up a minority share in Gartner-listed startup Applied Blockchain. Details of the deal have yet to be disclosed, but the move will enable the London startup to help Shell explore how the technology might be applied to its business.
oil rig
BLOCKCHAIN INTO BUSINESS
Operating for around three years now, Applied Blockchain has clients from the banking, telecoms, carmaking, manufacturing, and aerospace industries. This its first foray into energy. The technology is slowly entering into the energy sector with, according to Reuters, a consortium involving Shell, BP, and Statoil already working on the development of a blockchain-based energy commodity trading platform.
Shell chief technology officer Johan Krebbers highlighted the huge potential blockchain tech has for business:
Blockchain applications have huge potential to shake up how we do things in the energy industry from streamlining process, to simplifying how we work with our suppliers and serve our customers. Investing in Applied Blockchain is part of our commitment to use digitalisation to create value in our core business and develop new business models.
blockchain tech
ENERGY AND BLOCKCHAINS
Shell is not the only energy company with eyes on blockchain technology. Last year, it was reported that trading house Mercuria started working with banks ING and Societe Generale on the first large oil trade based on blockchain technology. According to analysts, the marriage of blockchain and the oil and gas industry presents a number of opportunities for streamlining and improvements in cross-border payments, record management, supply chain management, and smart contracts as potential applications.
Specialists at multinational professional services network Deloitte stated:
A secure system that mitigates risk, increases transparency, provides an audit trail, and speeds up transactions at a significantly reduced cost may be appealing to oil and gas companies.
As the crypto space expands and more companies develop blockchain solutions, the entire industry will benefit from a technology which is revolutionizing the way the world does business.
http://bitcoinist.com/oil-giant-shell-buys-blockchain/
[2018-1-20] Keep Calm And Hodl? CNBC Guest Tells Bitcoin Critic to ‘**** Off’
The mainstream media debate over Bitcoin as a success or failure approached live comedy this week after a brawl broke out between guests on a CNBC panel.
In an exchange which ended an edition of the networks increasingly notorious Fast Money segment, regular contributor and RiskReversal.com editor Dan Nathan told Evercore ISI technician Rich Ross to go **** off after he criticized Bitcoins performance.
Ross had previously maintained that Bitcoin was a poor investment choice in the past few months due to its near-50% fall this week. Traditional stock investments, on the other hand, had allegedly fared better, with Ross giving the example of Boeings 200% gains since 2016.
As Zerohedge notes, reproducing the unedited version of the exchange, Ross had failed to note Bitcoins annual gains of over 1000% in 2017 alone. Nathan labeled him glib to deride it.
Youve been wrong, so dont say that Im glib, Ross retorted before Nathan weighed in with the fateful remark:
You don't know what I've done, you don't know what my call is, so go **** off, seriously.
The episode continues Fast Moneys somewhat bizarre approach to Bitcoin reporting. In December, the segment made headlines for suddenly switching allegiances to become extremely bullish on altcoin Bitcoin Cash.
At the time, its dedicated Twitter account began publishing material which strongly criticized Bitcoin, telling respondents to deal with the rise of Bitcoin Cash instead.
That style of content has since not made a return.
https://cointelegraph.com/news/keep-calm-and-hodl-cnbc-guest-tells-bitcoin-critic-to-piss-off
In an exchange which ended an edition of the networks increasingly notorious Fast Money segment, regular contributor and RiskReversal.com editor Dan Nathan told Evercore ISI technician Rich Ross to go **** off after he criticized Bitcoins performance.
Ross had previously maintained that Bitcoin was a poor investment choice in the past few months due to its near-50% fall this week. Traditional stock investments, on the other hand, had allegedly fared better, with Ross giving the example of Boeings 200% gains since 2016.
As Zerohedge notes, reproducing the unedited version of the exchange, Ross had failed to note Bitcoins annual gains of over 1000% in 2017 alone. Nathan labeled him glib to deride it.
Youve been wrong, so dont say that Im glib, Ross retorted before Nathan weighed in with the fateful remark:
You don't know what I've done, you don't know what my call is, so go **** off, seriously.
The episode continues Fast Moneys somewhat bizarre approach to Bitcoin reporting. In December, the segment made headlines for suddenly switching allegiances to become extremely bullish on altcoin Bitcoin Cash.
At the time, its dedicated Twitter account began publishing material which strongly criticized Bitcoin, telling respondents to deal with the rise of Bitcoin Cash instead.
That style of content has since not made a return.
https://cointelegraph.com/news/keep-calm-and-hodl-cnbc-guest-tells-bitcoin-critic-to-piss-off
[2018-1-20] Bitcoin Under Increasing Scrutiny on Island of Bali
Bitcoin is under heavy surveillance on Bali, an island in the Indonesian archipelago, according to local reports. Central Bank officials are seeking to crack down on the use of the cryptocurrency anywhere in the nation. Causa Iman Karana, head of Bank Indonesia's representative office in Bali said:
"We found out from some postings on social media that Bali appeared to have become a haven for Bitcoin transactions. The next step is we will ban them as mandated by the law. We ask them not to use it anymore. Along with the Directorate of Special Crime Investigation unit, we will enforce the rule that all transactions in Indonesia must use rupiah.
The country had previously been reported as having significant local adoption of Bitcoin usage, but recent reports indicate that the government is trying to curtail the use of digital currencies. The risk of money laundering and criminal activity has led to the increased scrutiny.
The harsh rhetoric against Bitcoin and other cryptocurrencies falls more in line with the Chinese and potential South Korean bans than the more lenient Australian position.
https://cointelegraph.com/news/bitcoin-under-increasing-scrutiny-on-island-of-bali
"We found out from some postings on social media that Bali appeared to have become a haven for Bitcoin transactions. The next step is we will ban them as mandated by the law. We ask them not to use it anymore. Along with the Directorate of Special Crime Investigation unit, we will enforce the rule that all transactions in Indonesia must use rupiah.
The country had previously been reported as having significant local adoption of Bitcoin usage, but recent reports indicate that the government is trying to curtail the use of digital currencies. The risk of money laundering and criminal activity has led to the increased scrutiny.
The harsh rhetoric against Bitcoin and other cryptocurrencies falls more in line with the Chinese and potential South Korean bans than the more lenient Australian position.
https://cointelegraph.com/news/bitcoin-under-increasing-scrutiny-on-island-of-bali
Re: Just got off the phone with Bitmain re next batch of S9
I'm in for 2.
Read the whole thread - your 2 is out.
How do you know?? I just read Nemo's newest post and said NOTHING about any quantity of orders being "Out"! Hell, he hasn't even gotten written confirmation from Bitmain on the orders yet!
YESS!! Even in the Lightning Network Whitepaper they were looking for a mininum of 133mb block size and never imagine there would be SOO much resistance to a gradual increase in block size.
Yes the damn' blocksize needs to be MUCH larger to bring down these transactions fees which are discouraging even wider usage (and don't give me, like this one jerk on Reddit did, the argument that transactions aren't high).
Try buying a cup of coffee with bitcoin and see how THAT goes!
Yes the damn' blocksize needs to be MUCH larger to bring down these transactions fees which are discouraging even wider usage (and don't give me, like this one jerk on Reddit did, the argument that transactions aren't high).
Try buying a cup of coffee with bitcoin and see how THAT goes!