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CRYPTOCURRENCY

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Can we keep all the sensible crypto ans drug chat in here.

Multiple lawsuits incoming from the other deleted thread

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Sorry, its the futures codes.

F - Jan
G - Feb
H - Mar
J - Apr
K - May, etc

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Thank's Dhaire - guys - SELL YOUR IOTA NOW - MIT have just butchered them - and realise all these partnership HAVE BEEN BOUGHT or blown out of proportion - GET OUT NOW - research, and get back in later if you still like it
Watch this - seriously -

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Phew - resistance finally showed up at $12k

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Does the bitcoin transaction fee come back down as the price comes down?

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everything is tanking nathan, calm dafuq down :)

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Well it's based more on supply and demand, rather than price. Thats why the original peice of coding and the white paper was so incredible - because, in 2008 - when they were little puzzles your cpu could solves thousands of a week, he had seen past 2024 to incorporate the fees to maintain a decentraized mining base as an Interest rate, so it was still profitable to mine - or rather maintain - past 2024 when the coins where al on the market. The demand - which going by his white paper for that to play out with the difficuty increases - the demand for bitcoin hasn't even reached 25% yet. He knew how much power it would take as well to run the network. But seen that as inevitable because if a currency is decentralized - it has to have miners all over the globe

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On the up now, I just bought thon dip

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Sorry ferg, you I just get a little to excited sometimes :p seriously tho ditch the IOTA

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i hope you bought some chips for that DIP

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Sour cream chivesssss

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What you think of DasCoin DB?

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Lads this is almost as bad as Front Left Capital Management

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Almost :-)

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haha, at least people have ponied up in cryptoworld. FLCM was an empty vessel IIRC

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lol, you's un's should get on the crypto whatapp

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I'm being an utter stinking communist and splashing the ltc and miner porn for referal sign up's on Binance PM Gerry Adams for details.

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What a day - market drops $230billion and regains $145billion in under 24hrs, if it pumps on now to $700billon, well, that would be quite remarkable.

Lemac I apologise for making remarks about your head. I was under a lot of pressure at the time.

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lol

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Good info on road maps -

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I apologise too Lemac for mocking your legs in a March episode sometime. I bought a decent MTB bike today, new years gonna start getting in gear.
On my Bike, if you know any good tracks....

Feel the love. Xmas

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What bike you get?

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Just a good Carrera, nothing mental this time. I'll rip it to shreds on off/on-road tracks/paths on Sundays anyway.
Give me something to do.

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JvW where abouts do you cycle man? I really miss my Specialised, I know it's not a fancy brand or anything, but it was a lot for me then and the best bike I ever bought.

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Specialized are decent bikes. Decent cred.

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Have you seen some of the 2018 pedal assist mountain bikes? I don't know if it's a good or bad thing, pedal assist mountain bikes, but aparently this year it's all changed, check out these mad yokes. A regular male without type 2 diabetes would likely be able to go far faster, however there is something I like about being wheeled up the side of a mountain like an utter tart and just enjoying more downhill danger runs - pics of bike pls J

This video is cool.

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I loved it takki, it was more of a hybrid in fairness, but could cycle 4/5 mile to work with an off road short cut in around 15min, used to bomb down the center of the road. It was steel though an pretty heavy but was a hell of a good bike. My mate had a Giant bike that cost him a fortune but it was an out n out 100% mountain bike and was actualy slower on the road cos of the tires. I found it pretty hard to ride but we took them out to a proper course in Rosebud and he was aboslutely killing everyone. I reckon there would be excellent trails round Slieve Croob. I've been looking at some of these new mountain ebikes and some you can jail break so you can get up to 45mph. I guess there will be thinking if it's not 100% all legs your a fag - but fuck if your just bombing 6/7miles aat 35/45mph all up hill, then you have the extra weight for coming back down hill - would a full adrenline trip from start to finish and you would possibly tackle some of the much further aaway fire rounds on the tree line across Donard. I was in my first car accident up there. Makie rolled his 1992 clio on to its roof with 5 of us it in stoned to the tits

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I've got a bike with electronic suspension control. Some yoke. Technology is at the stage now were it does actually work. Used to be just a gimmick. Electric bikes are gonna become big business in the next few years, especially if the new battery tech in the pipeline works out.

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Yea, I have been collecting a pretty large pile of laptop batteries and 18650 battery cells. Must have over 100 18650 cells - however these arn't the batteries you want for an ebike, maybe once upon a time, but for the 18650 batteries in Teslas etc are a different breed, the amperage is 4 or 5x the same size in the laptops (So have bought a load of LED reels and plan to make portable floodlights have all the bits should be very simple to do)

These new 2018 bikes with tubual inner frame mounted batteries have been been desigined from the ground up rather than mountain bikes with batteries and conversion kits bolted on. That said - If - bitcoin holds up for another few months I'm considering how to make a wee business that would keep me outside during the summer and renting home converted mountain bikes in Castlewellan forest and Tollymore is right up the top of my list.

that's for another (possibly more interesting!) thread.

Back on crypto

This guy guy is a modern day genius and it looks like hes created something that makes Bitcoin and DAG look like wooden coukoo clocks to his Apple watch. It's only just been announced last caouple of months - no coins on this protcol - Hash Graph - yet, but I think he's going to use his technology for evil... I've watched a doucumentry on it and now listened to an interview with him (and it looks like scaling isn't an issue Gerry)

This is sooooon important to keep an eye on. The central banks get this and it's beyond 1984 and it seems the don't want to launch an ICO (even though it woud make the team of 6 almost certainly dollar billionaires) it is the most important space to watch at this moment in my opnion. He seems to have created the 'perfect' digital currency - but he barley utters the words de-centralized. And he just looks and sounds fucking evil.

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If you listen to the language he chooses and the way he's just coming out swinging a hachet at bitcoin and etherium - no recognition that it's a technological leap forward, he also keeps refering to people as 'evil' or 'malovolent' actors. And he want's big data in money so people can run intense algorythm's that will unravel everyones spending flat out. Doesn't give a ship about privacy or the fact that bitcoin is truely decentralized - as in there could be a miner (or covert infrastruture for a banking system in your attic) - I really, really, dislike this guy. He's like a XRP on roids, who was ignored as a child and now has borderline personality disoder. Did I mention I didn't like him?

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Had to write a reply to that interview and will be posting it on as many youtube hash graph videos as possible in the next few weeks (as they will pop up every where - I wonder what the bitcoin tak forum think of hash graph)

Anyway here it is - to make sense of it you need to have listened to the above and maybe seen another video

The consumption of energy is a drop in the ocean compared to the impact of EV's - it's not remotely disruptive - it's disingenuous, you are going to financial institutions - Bitcoin goes to the people. People (without Ph'd's) are able to secure the network in a decentralized fashion across the globe so it's trustless - will anyone be able to peer at the virtual $5 note you hand them and find out exactly the history of that money and how it came to be in your hand right now? Or will that be the preserve of the central banks who will likely use this as a weapon to weild against bitcoin and other essentially trustless currencies - He is working on the premise that money is used almost excusively by malevoent actors - and yes of corse theres always some dodgy characters in every sphere of life - but to come out with a hachet job on bitcoin like that, which is really as much an intergral part of the anarcho libertarianism movement. It is quite clear where you stand in reation to Bitcoint - it's clear that hashgraph has no interest in sharing this space - that they have made a bee-line for those who salivate at the thought of a completely authoritatian state - what happens if you spend you money - perhaps inadveratly - on something deemed undesireable buy the central bank's/CIA/Dictatorship's/NWO?

I mean it's possible that it was spent on something by accident - it also leaves the door wide open to framing - black mail - bribery - because Ironically the more transparent it is the more human beings will need to find a way to obscurify it - You are in Texas and you decide to buy a gun at a gun show - the gun is sold as new but it is far from new, it is implicated in severa heinous crimes - and now hashgraph has a record - permeament record - of you owning this gun and linking you to these crimes - where's the back door? Where's the right's of appeal - I mean its not a charity you've set up - the technology has been developed in Stealth - something so seem strangely proud off. So I am assuming that the ledge is can be altered? Also why are you skulking around in the shadows (sorry stealth) - hawking your spyware to finacial institutions and no doubt government agencies.- when the gold standard path forged by innovators in this field is open source peer review, you seem to think that proof of work - suddenly becomes proof of stake as finacial interest's manipulate the direction of the protocol - yet you fail to address that the protocols themselves live and die by their pragmatic meritocracy. Bitcoin is Bitcoin because people accept it as bitcoin and maybe is such a large store of wealth now that it isn't the most appropriate means to buy a newspaper and a coffee. But don't worry we have another more appropriatly scaled immutable, de-centralised, anonomous, trustless ledger.

P.S that Bitcoin the currency itself - the currency that over 50% is in cold storage is susceptable to DDOS is insane - that the great fire wall of China wil suddenly arise and Chinese people (who won't be abe to transmit a block chain - yet wil be able to co-ordinate a global double spend - in real time is utter FUD and you know it. I would by into your ICO because it would make money - but I would also dump it in a week once people realise what your protocol entails and that it will never be used as currency - But unlike your hatchet job on Bit coin I'm not going to be so unkind - you do certainly have some utility. In the OBD ports of cars, implimentation would make me more comfortable - ahh, wait, no. Because there is back door acess isn't their - but that privliage lies within your pre-mined 1984 wannabe script. Also I don't like your face.

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Haha. Great line to finish on

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TLDR but agree with RP on this one

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RP.com • 1 day, 4 hours ago
Seems we were both wrong DB. The crunch came earlier than I expected...was thinking they would till after Crimbo...the heartless bastards

Vast majority of coins recovered well already. HODL.

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I have a feeling we are not done.

Pump BTFD

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It's crazy - all this voilitility says to me that the enitre market even at $600b is still really, really in it's infancy. What other sectors marketcaps swing like this and retain this incredible resiliance. I know that the vast majority of the crash was whales co-ordinating a massive shake down to scare the shit at those who bout $15K bitcoin - but there still has to be a huge through put of new people. People putting in $100, taking out $110 or $90.

I know that I first dipped my toe in the water - back in 2011 when I had 12BTC which I lost betting sports (I barely have a bet these days but I'm all in on crypto).

If this was just appearing on my radar - as it has for 100's of millions in the last 2 months - no way at all would I sink the cost of a decent car in it right away.

I'd bought £25 worth, transfered it about a few wallets, it was really quick then and cost next to nothing to do so. Apart from gamble or silkroad there wasn't much else to do with bitcoin.

It's totally different now with all the ERC20 tokens. But I still know, that if I was just finding out about BTC, id do the same £25, only I'd do a few more things, I'd move it between tokens, wallets, then I'd take it out.

And provided I didn't have a horredus experience - if I was curious enough to grap a tiny peice and go on a fact finding mission and the task on my plate would be huge.

I'd go away for maybe a fortnight, do some research and try £200 - and again if that wasn't a terribe experience id repeat the process and incrimentally as my knowedge base and comfort zone grew.

And if I lived in China or the US where gambling was banned and this seemed like 'intelligent' gambling - plus you believe the house to actually be on you side - the overall marketcap to be growing - you motviated to act.

Are more people coming to or returning to the scene - because the number of actual bitcoin transfers has grown by 150% in a week is the 150% increase in traffic a repercussion of the whales shaking down the rubes for however many 100's of million - I think it has to be an increase in casual punters because if your a whale your going to be sendin 100BTC payments for the same price as the rubes 0.01 payment.
The math behind a 150% rise in usage between this and last week is below and based on the increased block sizes being processed:

And while this huge fees are great for miners - massive bonus - how long can Bitcoin really sit at the top for? How much premieum for Coke a Cola over Pepsi or even Smak or even a glass of water with a tablespoon of sugar stirred into it - al the same to the gut (essentially) Is Bitcoin's dominance purely a case of branding and recognition? If so how long until consumers demand better value? Things hapen quickly in this space and Bitcoin is a big lumbering wooly Mammoth with a target painted on it ass.
(Long live bitcoin!)

Transactions are only added to the block size when it is actual bitcoin moving from a wallet, an exchange to another exchange, and from mining pools. Once your btc is deposited into an exchange you can trade in and out of it with out fee's because your btc is being stored in a cold wallet, with only a tiny % sitting in hot wallets ready for people to transfer

The average price of a bitcoin transfer is $25 - no matter how much you move.
BTC is at $15k right now
15,000 / 25 = 3750 - so each extra block represents 3750 transfer's - if we assume 100% of those transfers are made by unique users over 1hr 40min (There wil be BTC users making mutiple transfers within 1hr 40min but it's irrelevant - the exercise is looking to finf the % increase in overall transaction this week over last week)

So last week the average block was about 15 - a 2.5 premium on a 12.5 block, 2.5 x 3750 = 9,375 transations every 10 minutes, bocks are distributed approx every 10min

this week - an average of the last ten blocks = 18.8 -12.5 = 6.3 block premium x 3750 = 23,625 every 10 minute

The amount of transctions - that is a huge indiction of new users has grown by apporox 150% this week over last

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What odd 7trillion by boxing day?

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Explain this. I’ve noticed price going up more at weekends.

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Price has always traditionally tanked at weekend - last weekend the price went up like this it leap from $14.5 before Bouncing down a bit of $20k then we had last night. If Bitcoin cracks $20k this week - after a whale shake down - nothing but nlue skies - I've been trding like mad today. Over frading probably. I've ended up with a very ong position on Monero

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It's an amazing watch. The way people go from one extreme to the other trying to make sense of it all. The level of confirmation bias seems to be infecting anyone with a stake in this.

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mm its the armchair republicans getting in at the weekend when they are on the sauce

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As good an explanation as any

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Could be a contributing factor. I was thinking that it’s the wives spending their allowance after a hard week wiving.

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Its when 90% of the people trading it get their pocket money from mum and dad.

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certainly true in Neil's case

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Anyone ever trade in XRP (Ripple) or use any of these exchange? Legit? ripple.com/xrp/buy-xr

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shit coin

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i.imgur.com/cAERNRG.jpg

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If we go to $9,000 or thereabouts I am very tempted to get properly in on BTC. Not till then though. I think those who were in pre Oct were the real HODL crowd and it's a good gang to be in me thinks.

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What about pre 2014?

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