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Showing 20 of 139 results by tleilaxu_eyes
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Board Bitcoin Discussion
Topic OP
Attack on Bitcoin
by
tleilaxu_eyes
on 23/06/2019, 07:02:07 UTC
Somewhere, a group is preparing an attack on Bitcoin. It will come around the next big pump. The attackers will have an exponentially large advantage of computing power. If the network isn't compromised, it will be severely damaged.
Post
Topic
Board Bitcoin Discussion
Re: Facebook coin is not a threat for Bitcoin
by
tleilaxu_eyes
on 23/06/2019, 05:50:55 UTC
If about 50% of facebook users decides to try facebook coins because of the companies reputation, won't the demand of the price make the price surge and hence call investors to convert their bitcoins for facebook libra? It is a great treat to Bitcoins and Ether.

If 10% of facebook users use their coins it would be relatively big. People already use venmo and zelle. It doesn't have to be a good cryptocurrency; it just has to be easy to use.
 
It won't compete with btc, it will just stifle its growth.
Post
Topic
Board Altcoin Discussion
Re: ETH is now dying, what do you think?
by
tleilaxu_eyes
on 09/08/2018, 00:41:22 UTC
If ETH is now dying then all crypto is now dying. Crypto is not dying. Here's why: just like any other asset that is traded, it is prone to market forces. Look back to 2013 when BTC spiked, how long did it recede for? You think 3 months is a long time to drop for? Be thankful that futures markets stayed the bull rush before BTC hit 20-30k. We might be looking at 3k BTC now had that happened. The market will stabilize itself.

Eth, apart from some supply/PoW vs PoS concerns, is one of the strongest coins out there. It is supported by thousands of tokens, no matter how ridiculous their contracts are. And it has a plan to make transactions scalable and efficient, instead of just having a flat transaction fee of $20-40 no matter how small the transaction.

Most of all Eth has a leader who has a voice and a vision. You can't put a price on that.
Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin replace gold?
by
tleilaxu_eyes
on 07/01/2018, 19:18:08 UTC
Gold will only be supplanted by Bitcoin once the gold on asteroids can be harnessed. Since it is not feasible to deploy mining equipment to an asteroid, we will have to redirect a smaller passing asteroid to impact Earth just offshore where it can be retrieved economically. This can be accomplished by detonating explosives near the asteroid as it approaches Earth. It will require sophisticated rocketry with precise sensor capabilities in order to safely direct the asteroid's path.

Therefore, the entity that controls the world's most advanced rockets in the coming decades can exponentially increase Bitcoin's value by devaluing gold via flooding the supply of it.
Post
Topic
Board Speculation
Re: Bitcoin prices
by
tleilaxu_eyes
on 16/12/2017, 16:23:58 UTC
With the unstable increase and decrease in bitcoin is it a good idea buying, selling or holding now? Like yesterday I saw it hit $19,000 on coinbase but today it stands at $16,000
Today BTC again hit 19,000$+ just incredible raising.It is difficult to believe BTC will come so far.In december must be BTC will be pumping 20,000$+
2018 is nice era for BTC i think.

Honestly at this point 25-30k wouldn't be anything out of the ordinary (looking at the last year).
Post
Topic
Board Speculation
Re: Bitcoin = $1 Million by 2020
by
tleilaxu_eyes
on 07/12/2017, 00:04:34 UTC
How are people predicting global demand for Bitcoin (in all countries, not just their native one) if this is something which we have never seen the likes of before? How can you predict the demand for a light bulb when it has just been invented and barely adopted? It's like we're at the point where we know the light bulb is a good thing for inside houses, but we're just realizing we can also use it to light our streets...
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Topic
Board Altcoin Discussion
Re: I'M GETTING REALLY ANGRY! WTF is happening with this BTC/BCH crap!
by
tleilaxu_eyes
on 12/11/2017, 19:30:53 UTC
I'm pretty sure it is temp pump for BCH. BTC is the main cryptocurrency on the market and still will be. i Have been using BTC since it was 400. Many crypto tried to compete with BTC in the past but no luck.
BCH has temp pump and soon this pump ends and some who invested and believed in BCH might loose

We all agree that it is a kind of a pump, but the main concern here is that the bitcoin cash is stealing network power from bitcoin mainet, which means that we are going to have less frequently blocks for the next few weeks, until the difficulty adjustment.

The fact that the legacy chain bitcoin is going to rule at the long run doesn't change the fact that the rise of the bitcoin cash damages the eco system of bitcoin.

The bitcoin cash rises in price--->It becomes more profitable to mine bitcoin cash------>Bitcoin hash rate becomes lower---->>Less frequency blocks, which is a very bad thing while bitcoin stands in mainstream.



It was a well timed thing to be sure, but really isn't sustainable at all. BTC will simply correct a few weeks/months later and things will be on their normal path again.
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Topic
Board Speculation
Re: Am I late ?
by
tleilaxu_eyes
on 12/11/2017, 01:49:05 UTC
The best time to buy is now.

Who wouldn't trust a face like that?

OP, just wait a week or a month and buy.
Post
Topic
Board Bitcoin Discussion
Re: Do you think digital currency will ever replace paper money?
by
tleilaxu_eyes
on 08/11/2017, 03:45:19 UTC
We're going to run out of trees sooner than we're going to run out of computers and networks.
Post
Topic
Board Beginners & Help
Re: Is this for real? I could be a millionaire?
by
tleilaxu_eyes
on 08/11/2017, 03:38:49 UTC
Pretty sure someone was using my gaming GPU to mine coins (without my knowledge) through 2011-2012... So technically someone robbed me of millions. I'm not really mad, just impressed.
Post
Topic
Board Bitcoin Discussion
Re: BTC Mining vs Buying
by
tleilaxu_eyes
on 08/11/2017, 03:27:00 UTC
Is it better to get BTC via mining or buying now?

It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?

If yes, any suggestion? There are quite many cloud miner in the market.

Thanks.

There are a few things that point to mining becoming more profitable in the near future, but there is also the impending bubble burst as well so... still a risky choice as it ever was. Easy to get burned by hardware vendors.

Buying, while not nearly as "cool", is much simpler and requires less additional time investment. Do some research, make some buys, check back in a few months and you're good. If you start mining, you'll constantly be obsessed with hashrate, payouts, and efficiency. That's a higher cost.
Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin be replaced by another cryptocurrency?
by
tleilaxu_eyes
on 06/11/2017, 04:56:51 UTC
Over a long enough timeline, BTC will be replaced, or at the very least, dissolve into many different blockchains indistinguishable from the original core.
Post
Topic
Board Speculation
Re: Bitcoin falling again
by
tleilaxu_eyes
on 15/09/2017, 00:22:42 UTC
This is just a temporary scare to set the stage for the last big bitcoin sale for the next few years. Sure, it might fall to 2/3 or even 1/2 - that has happened many times throughout a coin's history. But in the end the result is nearly always the same: inevitable recovery and rise to new highs.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine - Cryptopia
by
tleilaxu_eyes
on 09/09/2017, 21:53:04 UTC
So what pools are left that mine SIGT? how much SIGT are you mining per day and with what card?
Post
Topic
Board Mining (Altcoins)
Re: 1080Ti Specific - Best mining option
by
tleilaxu_eyes
on 07/09/2017, 02:50:23 UTC
2psu per 8 1080 ti rig
Evga 1000 g3 and some 1800 watt from aliexpress
The one from ali makes more noise,since it's fan have no speed control,but they both are good psus


Aren't you worried about the nonbrand 1800W PSU ? You can afford 1080ti and can't afford decent PSU ? Isn't it like buying nice sportscar and installing the oldest and ugliest rims and tyres ?

It's worse than that; it's like buying a nice car except with worn tread tires, old break pads, fucked up suspsension... and then taking it rally racing.
Post
Topic
Board Mining (Altcoins)
Re: 1080Ti Specific - Best mining option
by
tleilaxu_eyes
on 03/09/2017, 21:41:45 UTC
How can I update ccminer to add the skunk algo? I don't want to compile from source again. Also, i have cuda 8.0, but it looks like there is only a skunk release for cuda 9.0. is that going to be an issue? I really don't want to change anything.

edit: nevermind, just cloned it and installed everything all over. skunk algo working fine
Post
Topic
Board Speculation (Altcoins)
Re: Why price going down today?
by
tleilaxu_eyes
on 03/09/2017, 15:34:06 UTC
Why are prices going down today? Because it's not a day where prices are going up (that was yesterday).
Post
Topic
Board Announcements (Altcoins)
Re: ★[ANN] [NAV] NAV COIN - NAVTECH NOW DECENTRALIZED!
by
tleilaxu_eyes
on 29/08/2017, 04:56:59 UTC
So what's actually new in 1.2? I went to read about it and read a recap about privacy and encryption instead.
Post
Topic
Board Altcoin Discussion
Re: Coins with Masternode?
by
tleilaxu_eyes
on 29/08/2017, 00:20:38 UTC
Have there been any attempts at soft-masternodes? Something that would hard code in a limit as to how much power a masternode can have in the network.
Post
Topic
Board Bitcoin Discussion
Re: The advantages of bitcoin
by
tleilaxu_eyes
on 26/08/2017, 17:48:08 UTC
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

Maybe you mean that with Bitcoin's global network, anyone in the world can receive payments from people in other areas of the world, and because of that outsourcing work becomes easier? That is true, cryptocurrencies sidestep the need for a broker or multiple middlemen in some cases.