191–200 of 204 posts
This is the second event involving BCH which is looking very "artificial" for the lack of a better word. About a month ago, BCH started an abrupt up-climb while the prices on BTC started to fall dramatically. BTC recovered soon after by hitting all-time highs while BCH prices fell pretty hard. Now we get these talks of insider trading at Coinbase. I don't have much stake in cryptocurrencies and I actually did not min…
I watched this happen live. There was a very obvious trading software malfunction. Here's what I watched happen. People could place orders before trading started. I was watching BCH/USD and BCH/BTC which had a fixed price, $3100 USD and 3.00 BTC respectively. BCH/USD had a huge amount of buy pressure (people buying BCH with cash); BCH/BTC had a huge amount of sell pressure (people dumping the airdrop). Only BCH/USD w…
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There's also a good criticism of BCH here: https://medium.com/@homakov/weekly-sync-friction-the-most-im... Basically it will be too much bandwidth for most users to bother running their own core, meaning increased centralization for BCH and easy way to kill it in the future through some government action or bug.
The thesis of the article is that if bandwidth requirements are too high, then people will stop running full node wallets on their laptops, thus reducing the number of full nodes in the network. In reality, you would have to be insane to store bitcoins with a C++ program permanently connected to and broadcasting your IP address to a p2p network. Now, it may be that many bitcoin nodes are run by insane people who do e…
You run the node and connect your light wallet to it, so that you don't need to trust someone else's node to tell you what is going on. I run mine on an old netbook.
Some people might store their private keys on the nodes themselves, they shouldn't.
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No one in /r/btc or the Bitcoin Cash community calls it 'bcash'. Totally disingenuous.
That's not true, there's a handful of people that now want to call it BCash just because it annoys Roger Ver. People in /r/btc that support it. Just because they want to annoy Roger Ver does not mean that they aren't a part of the community anymore and it doesn't mean that they oppose it. But as it were I'm not suggesting that the majority are calling it anything other than "Bitcoin Cash" for months now. I'm just poi…
Seems a little extreme to me but it is what it is, I guess.
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> Is it another company that did not get anyone from Island or InstaNet or Brut? Do you mind giving some context to this statement? What I know of the ECNs you mentioned is from reading the book 'Dark Pools'. It would be great to get some insight into the innovations that were developed in all three projects, that have become a mainstay in 'fintech'.
Fundamentally, what ECNs brought to market is a total automation (and enormous speed) of running a basic limit book both internally and against other market participants. Pre-ECN having major volume if one wanted to sell a million shares and not to get screwed, one needed to develop a very good relationships with specific traders. Now most of such trades are considered to be pretty basic - you may get a little bit of…
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Fundamentally, what ECNs brought to market is a total automation (and enormous speed) of running a basic limit book both internally and against other market participants. Pre-ECN having major volume if one wanted to sell a million shares and not to get screwed, one needed to develop a very good relationships with specific traders. Now most of such trades are considered to be pretty basic - you may get a little bit of…
Fantastic response, I appreciate it!
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I will say that one of the early benefits to bitcoin, low/nonexistent middlemen fees, is not really a thing anymore. Every single time you move across wallets, at current prices no matter how much coin you're moving, you're out the equivalent of $20USD. Considering that basic BTC opsec is to move your coins around regularly, this is painful unless you have insane amounts of money to throw around.
>Considering that basic BTC opsec is to move your coins around regularly Why? For tumbling/obfuscation purposes?
Some people do know that its going to be listed. https://www.reddit.com/r/CoinBase/comments/7kfbjj/will_coinb... The user mukiwa2 said "Bitcoin Cash coming in the next few days!!" 2 days back in that thread and he even joked saying he knew an employee in Coinbase. That response has since been deleted. I was just talking to my friend about this. Here is the snapshot: https://imgur.com/a/cLlp7
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What? That doesn't even make any sense. You can sell the bitcoin for USD then pay your taxes. Just like you can't pay your taxes with 1 billion dollars worth of Facebook stock or gold. The argument you are looking for is: "USD has value BECAUSE the state makes you pay your taxes in it." Notice that that argument does not end with, "and this is the only way a commodity or currency can have value." Because there are di…
> What? That doesn't even make any sense. You can sell the bitcoin for USD then pay your taxes. If that's the logic we're going with, I can pay my taxes with baseball cards and beanie babies too.
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> Is it another company that did not get anyone from Island or InstaNet or Brut? Do you mind giving some context to this statement? What I know of the ECNs you mentioned is from reading the book 'Dark Pools'. It would be great to get some insight into the innovations that were developed in all three projects, that have become a mainstay in 'fintech'.
Fundamentally, what ECNs brought to market is a total automation (and enormous speed) of running a basic limit book both internally and against other market participants. Pre-ECN having major volume if one wanted to sell a million shares and not to get screwed, one needed to develop a very good relationships with specific traders. Now most of such trades are considered to be pretty basic - you may get a little bit of…
NBB is "national best bid" and NBA is "national best ask"