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Showing 20 of 23 results by johnny_day
You guys definitely have valid points.
I just always get concerned when I see a huge buy wall and price going up quickly with bots changing prices.
Thankfully I was able to sell everything and re-buy at about a 10% profit before the price went up again.
Will hold for now.
Doing more research since Im not 100% sure if this platform is actually needed and will actually hold value.
(I still don't totally understand what Wings DOES in the long-term.)
I just always get concerned when I see a huge buy wall and price going up quickly with bots changing prices.
Thankfully I was able to sell everything and re-buy at about a 10% profit before the price went up again.
Will hold for now.
Doing more research since Im not 100% sure if this platform is actually needed and will actually hold value.
(I still don't totally understand what Wings DOES in the long-term.)
From what I can tell it aids in the process of launching a DAO.
Whales are manipulating price.
Huge (probably fake) buy wall at 0.000171
and bots are moving buys and sells really quickly.
I actually sold everything near the top and will buy back in when the price (hopefully) drops 10 or 15%.
Haven't seen any reason why the price is up so much and growth seems un-natural.
Huge (probably fake) buy wall at 0.000171
and bots are moving buys and sells really quickly.
I actually sold everything near the top and will buy back in when the price (hopefully) drops 10 or 15%.
Haven't seen any reason why the price is up so much and growth seems un-natural.
Beta launches this month. Nothing unnatural about it
i just find pointless for the OP to complain about the current price of a masternode when there was +2 years of time to get one waaay cheaper
Doesn't it seem disproportionately high? What's the equivalent entry fee on Bitcoin? 2M USD?
How is that acceptable? Can they even call themselves a decentralized virtual currency with such a high barrier to enter? They also have 4k masternodes. I find it hard to believe that 4000 different people are at least 100k deep in Dash. Something fishy seems to be going on here if you ask me.
Much cheaper than a bitcoin miner. It cost 1k dash. Dashbused to be 2, then 6 then 10. So a month ago a mode was 10k not that big a deal.
Yes but I can easily run a full node on Bitcoin for $15 a month. Is there a Dash equivalent to a full node? I thought that's what a Masternode was?
How is that acceptable? Can they even call themselves a decentralized virtual currency with such a high barrier to enter? They also have 4k masternodes. I find it hard to believe that 4000 different people are at least 100k deep in Dash. Something fishy seems to be going on here if you ask me.
What makes Bitcoin worth it for my savings? That it increases in value.
Will it increase in value if there is no demand for it? No.
What gives it demans? Utility.
I don't mind buying my groceries using LettuceCoin but what if it takes me 3 days to convert bitcoin to LettuceCoin? Do you think I will keep very much in Bitcoin or do you think it would have lost its utility for me?
Will it increase in value if there is no demand for it? No.
What gives it demans? Utility.
I don't mind buying my groceries using LettuceCoin but what if it takes me 3 days to convert bitcoin to LettuceCoin? Do you think I will keep very much in Bitcoin or do you think it would have lost its utility for me?
Why would it take 3 days to convert bitcoin to LettuceCoin? All of that can happen instantaneously as far as the user is concerned.
I mean who knows, there's so many coins that it is possible if any of them have any real success then they might have their certain market.
For example people who need complete privacy, there's Monero(XMR).
And take something like Potcoin, sounds kinda dumb and I wouldn't expect it to have a real potential, but they said they have been contacted by shops in Canada to use it. So maybe Potcoin will become the cypto for all the weed shops or some shit.
For example people who need complete privacy, there's Monero(XMR).
And take something like Potcoin, sounds kinda dumb and I wouldn't expect it to have a real potential, but they said they have been contacted by shops in Canada to use it. So maybe Potcoin will become the cypto for all the weed shops or some shit.
What if a currency nails the $1-$1000 payment range? The "splitting the cost of an uber" use cases. Is it possible that this same currency could perfect the $10,000+ transactions?
I personally agree with this, but the problem has to do with human nature, if you have a good product you want as much people using it and for that you need to attract more people, if bitcoin becomes a store of value then the average person is not going to use bitcoin and instead opt for a different altcoin which would men bitcoin will not reach as high of a price.
The average person shouldn't have to make a decision on which currencies to use and when. All of that can happen behind the scenes, can't it?
It's a good question. The answer has to do with the properties of currency itself. Try a thought experiment: Say you go to the grocery store and the cashier tells you your total is 565 Goblats. You look in your wallet or on your phone and see that of the 1,000 currencies you have, including Bitcoin, Litecoin, Ether etc. you don't have any Goblats. What do you do? Try to find somebody to make an exchange? All you want to do is pay and leave.
On the other hand say the merchant doesn't want to miss any sales so he accepts 5,000 currencies. How does he manage the exchange rate? Some coins may lose 40% in one day or even one hour!
See the problem? For currency, people (average people, not traders) only want very few choices, not many as it makes things too complicated.
I see the problem with there being 5,000 currencies. I don't see the problem with there being 3-10. Bitcoin for your savings, an altcoin for your every day purchases, an altcoin for investing with, etc... Also with proper wallet software the user wouldn't have to think twice about how to pay. Even if there were 5,000 options.
You can use any other cryptocurrency as a transfer for value, it will just come with increased fees due to a need to exchange it to btc and than to fiat, if it's not possible to convert it to fiat directly (right now you can only do this for top altcoins, like Ethereum or Dash). What makes Bitcoin special is the number of nodes and mining power behind it's network, it serves as insurance that your transfer won't get hijacked, or someone will manipulate the blockchain.
Right, I figured at least one of my statements was incorrect. Please don't let that distract you from the main message: Why try and make Bitcoin do everything instead of having an ecosystem of specialized currencies?
Correct me if I'm wrong, and move me if this is the wrong board, but in my opinion we should not focus on how to make Bitcoin do everything. Right now Bitcoin works well as a store of value, digital gold if you will. A $1 transaction fee means nothing to a $1,000,000 transaction. It does however severely cripple smaller payments, something that a cryptocurrency could be very good at.
Now it is my understanding that the point of SegWit/BU is to allow Bitcoin to be used for smaller payments by bringing that transaction fee down. Instead of making Bitcoin the jack of all trades, why not have multiple cryptocurrencies that each excel in their own areas? Leave Bitcoin exactly as is, and invest money and time into establishing a micropayment currency, a smart contract currency, etc...
Just some food for though.
Johnny
tl;dr
Why try and make Bitcoin do everything instead of having an ecosystem of specialized currencies?
Now it is my understanding that the point of SegWit/BU is to allow Bitcoin to be used for smaller payments by bringing that transaction fee down. Instead of making Bitcoin the jack of all trades, why not have multiple cryptocurrencies that each excel in their own areas? Leave Bitcoin exactly as is, and invest money and time into establishing a micropayment currency, a smart contract currency, etc...
Just some food for though.
Johnny
tl;dr
Why try and make Bitcoin do everything instead of having an ecosystem of specialized currencies?
Depending on the setup on the mobile side, it might be able to create, sign and broadcast the transaction by itself.
If it's a light SPV client then all of the above is possible.
If it's a light SPV client then all of the above is possible.
ugh you're right
I was overcomplicating it in my mind,
thanks
⭐ Merited by ETFbitcoin (1)
I'm just getting my feet wet with Bitcoin wallet development and I'm unsure where I should create transactions. The mobile wallet will maintain the private keys and my server will maintain a full node. Is it possible to have the server create the transaction, the mobile wallet signs it, and the server broadcasts it? Or should the mobile wallet be responsible for creating and sending the transaction?
Thanks,
Johnny
Thanks,
Johnny
Re: [DASH] Dash Price and Trade Discussion Thread [UNMODERATED]
It could very well be a pretender.
Aren't they all at this point? (all the crypto-coins)
We're just at beginning folks.
We are at the Pong and PacMan stage.
Not all, NEM so far has surpassed expectations and seems everyone so far agrees looks like the most legit project in the alt scene.
DASH, well good for those who got in early. We've all seen these patterns before, heavy manipulation because for sure DASH does not have any uses that I have witnessed.
I think you missed his point. You have to fake it 'til you make it, and no one's made it yet. Which means...
Look over the NEM advancements and how they are working with several tech bureaus and even a municipal community in Belgium is trying to experiment with the blockchain Mijin/NEM.
Let's not be salty now because we see a lot of people gaining from these unprecedented rises in the alt world.
By your logic, Bitcoin has not made it yet which means... see what I did there.
I see what you did there, you agreed with me lol. Bitcoin is pretending too. You know what isn't pretending? USD
It could very well be a pretender.
Aren't they all at this point? (all the crypto-coins)
We're just at beginning folks.
We are at the Pong and PacMan stage.
Not all, NEM so far has surpassed expectations and seems everyone so far agrees looks like the most legit project in the alt scene.
DASH, well good for those who got in early. We've all seen these patterns before, heavy manipulation because for sure DASH does not have any uses that I have witnessed.
I think you missed his point. You have to fake it 'til you make it, and no one's made it yet. Which means...
Dash is getting it's 15 minutes of fame. Not that I'd be surprised if that 15 minutes turned out to be much longer. Let's wait and see how it's doing a year from now, it hasn't quite made it yet. It could very well be a pretender.