The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero | Page 198 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

LTC/USD - Litecoin, the "silver" to Bitcoin "gold" 225 replies

The rise and fall of CRYPTO 32 replies

Analysis focused on BTC, ETH, XRP, LTC 46 replies

Litecoin ($LTC) 1 reply

Monero, for the shady 6 replies

Attachments: The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero
Exit Attachments

The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

  • #3,941
  • Oct 5, 2019 2:01pm Oct 5, 2019 2:01pm
Bakkt, first day volumes: 71 bitcoin.
CME, first day volumes: 5298 bitcoin.
That's a 75x difference.”

Too slow boys 👎👎👎🐢🐢🐢🐢🐢👍👍👍


We’ve seen some audacious scams in our times but this one takes the cake.
Fraudsters have sent out letters in the post to British consumers, posing as senior servants to the Queen, to ask for $2.5 million in BTC to help the United Kingdom maintain the local economy after Brexit.
The letter says those who send cryptocurrency will be rewarded with a 30% interest rate for three months — as well as, get this, the honor of becoming a Member of the Royal ...blaaa .

That's so fun 😂😂😂😂😂
Beware of robber banks (RB), bad advisors.
  • #3,942
  • Oct 5, 2019 4:04pm Oct 5, 2019 4:04pm
Ive invested in chainlink, lets see how that goes lol
  • #3,943
  • Oct 5, 2019 6:42pm Oct 5, 2019 6:42pm
One bank in india is crashing.
1 million clients locked for 6 months. No money 😱😱😱😂😂😂😂😂😂😂😂😂😂

https://www.zerohedge.com/markets/ba...-bank-branches

What i did???

Checked my bitcoin wallets. All safe.

😉😉😉😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

Have a cold water on me, india.
Yes that's how I spell india.

😨😨😨😨😨
Beware of robber banks (RB), bad advisors.
  • #3,944
  • Oct 5, 2019 6:44pm Oct 5, 2019 6:44pm
Here's hilarious fact 😂😂😂😂😂

40% of Americans can't cover a $400 emergency expense

https://money.cnn.com/2018/05/22/pf/...ces/index.html

......and you're surprised????

LOL.

The greatest country???

😂😂😂😱😱😱😂😂😨😨😨

Have a cold water on me 😱😱😂😂😂
Beware of robber banks (RB), bad advisors.
  • #3,945
  • Oct 6, 2019 12:10am Oct 6, 2019 12:10am
Quoting Not-KPMG
Paris Retail Week brought the news that support for BTC payments is going to be launched at more than 25,000 sales points for 30 French retailers next year. Big brands such as the sportswear giant Decathlon and cosmetics chain Sephora are among those involved in the project. Global POS, the company providing the technology, described it as an “important symbolic step in the evolution of payment methods in France” that will allow businesses to “safely enter the world of Economy 3.0
And how is this done? Ln is not ready yet stupid for them to adopt it and then lose money and trust in the tech.
  • #3,946
  • Oct 6, 2019 5:39am Oct 6, 2019 5:39am
Quoting sidhujag
{quote} And how is this done? Ln is not ready yet stupid for them to adopt it and then lose money and trust in the tech.
Hi Jag

Well i thought you know...

Ok I'll dig it....🙉

Today bitcoin 7945. Damn dull day.

Mempool practicaly empty???
Only on Monday was high....
WTF.
Everyone waiting
🐢🐢🐢🍻
Beware of robber banks (RB), bad advisors.
  • #3,947
  • Oct 6, 2019 5:50am Oct 6, 2019 5:50am
Ok.
The French adoption.. 25000 shops....

payments system is launching via a partnership between point-of-sale technology provider Global POS, the EasyWallet application and payments platform Easy2Play.

While payments will be made in Bitcoin (BTC), funds will be automatically converted into euros at the moment of sale.

Conversion services are to be provided by two partners, Deskoin and Savitar, both of whom are currently applying for Digital Asset Service Provider accreditations under France’s PACTE Act.

👏👏👏👏👏
Simple ,no details 🙉

Note France has ONLY 4 million bitcoin holders.

At the beginning of 2019, the tobacco federation, the Fédération des Buralistes, received permission to sell Bitcoin. As a result, by establishing a partnership with Keplerk, a cryptocurrency wallet provider based in France, 4,000 small tobacco shops started selling special coupons for Bitcoin and allowed their customers to exchange these vouchers for cryptocurrency o.... And is regulated by Office Prudential la le bla....
🍻🍻👏👏👏👏👏👏
Beware of robber banks (RB), bad advisors.
  • #3,948
  • Oct 6, 2019 6:09am Oct 6, 2019 6:09am
Continue...

The creators of the project haven’t released all the technical data on how the payments will be processed just yet. However, from what we’ve seen so far elsewhere, nothing will really change for the retailers involved in the project.

Buyers will use Bitcoin to pay for their products, but the sellers will continue to receive euros. The system will automatically convert the funds as part of the transaction. This step helps to counter price fluctuations, as Bitcoin is still a highly volatile asset and often suffers significant price peaks and troughs.

French cryptocurrency exchanges Deskoin and Savitar will manage the conversions. Both platforms are currently working to obtain their Digital Asset Service Provider accreditations in France.
🍻👏👏👏👏

Regulators still haven’t come up with cryptocurrency-specific legislation, and they continue to warn about the risks that come with speculation. However, more importantly, they don’t seem to be against mass adoption either.

While politicians have announced they would block Libra in France, they seem more likely to accept Bitcoin. And with so many brands ready to accept Bitcoin payments, the country could see a boom in 2020.

100,000 merchants accept Bitcoin worldwide
The number of organisations accepting Bitcoin payments is now close to 100,000 worldwide. Th...😱😱😱😱😱👏👏👏👏


Until now, paying with Bitcoin has had significant advantages, such as reduced fees, near-instant transactions, and a lack of intermediaries. We still don’t know what benefits the French system will add or remove from the table.🙊🙊🙊

Note this is written by a stupid person ,not owning a bitcoin .
😨😨😨😨👎👎👎

How i know.
They don't mention the obvious advantage - no taxes.
You can EXCHANGE your bitcoin at rate say.... 50000 next year for a CAR .No tax. Just BARTER 😱😱😱👏👏👏👍👍👍👍


Go bank liars route - 40% tax here

Link
https://coinrivet.com/why-france-cou...-boom-in-2020/
Beware of robber banks (RB), bad advisors.
  • #3,949
  • Oct 6, 2019 6:23am Oct 6, 2019 6:23am
Quoting sidhujag
{quote} And how is this done?

Ln is not ready yet stupid for them to adopt it and then lose money and trust in the tech.
First, they don't say they use LN.
Right?

Second - who told you it's not ready? 😱😱😱😨😨😨

LN been around 2 years.
World liars banking 1000 years 👎👎👎👎


Article
https://www.bitcoinlightning.com/how...coin-adoption/


I just checked. Now😱😱😱 10073 LN nodes. Quite a growing.

Have a look here . Miserable 811 bitcoin working, but see it's in all smart and needy places 👏👏👏👏👍

USD 6,467,159.78👎👎 EUR 5,894,969.35
GBP 5,242,932.73
JPY 693,030,462.63👍👍
CNY 46,229,100.93 HKD 50,700,828.58
RUB 418,170,914.63 👏👏
KRW 7,710,468,238.41 SGD 8,917,854.84 TWD 200,246,255.11
INR 458,034,794.86👍👍 BRL 26,239,200.47
AUD 9,551,322.39 CAD 8,611,761.54 CHF 6,441,705.46
Beware of robber banks (RB), bad advisors.
  • #3,950
  • Oct 6, 2019 6:26am Oct 6, 2019 6:26am
Real-Time Lightning Network Statistics

Number of Nodes
10,073

+2.79% in the past 30 days.

And that's just us, little bitcoin users.

Add another 30000. 😱😱😱😱💰👏👏👏

And WTF mean it's not ready???

It's a random node-node link that grows as spider web.
👏👏👏👏

And who says Spiders are not ready
Beware of robber banks (RB), bad advisors.
  • #3,951
  • Oct 6, 2019 9:08am Oct 6, 2019 9:08am
Quoting Not-KPMG
{quote} First, they don't say they use LN. Right? Second - who told you it's not ready? LN been around 2 years. World liars banking 1000 years Article https://www.bitcoinlightning.com/how...coin-adoption/ I just checked. Now 10073 LN nodes. Quite a growing. Have a look here . Miserable 811 bitcoin working, but see it's in all smart and needy places USD 6,467,159.78 EUR 5,894,969.35...
Dude it’s not ready yet technically you have to believe me. I guess we will see won’t we
  • #3,952
  • Oct 6, 2019 10:50am Oct 6, 2019 10:50am
Quoting sidhujag
{quote} Dude it’s not ready yet technically you have to believe me. I guess we will see won’t we
Hi

Instead of "diding" me, maybe you should explain what/why is not ready for doing what......?

Is anybody stopping people to use LN?
Last time i checked speed 5-15 seconds, fees minimal (some people complain too small - so there's competition too).

And sure Dude, few examples would help????
A link maybe??????

😱😱😱😱 weird questions ehh 😱😱😱😱😱😂😂😂
Beware of robber banks (RB), bad advisors.
  • #3,953
  • Oct 6, 2019 10:57am Oct 6, 2019 10:57am
....Talking of "really simple solutions " that actually work, and why shouldn't LN work??? pops in my mind this
🙊🙊🙊🙊🙊

Remember that scene in Lethal Weapon 3 where Mel Gibson manages to bust up some bad guys after befriending their guard dog? Well, had those cocky gun-runners gone with a guard goose, things may well have turned out differently. According to National Geographic, geese are literally the best guard animals in existence.😱😱😨😨😨😨

For one thing, their eyesight is incredible. Not just when measured against dogs, but measured against humans too. Thanks to an extra light sensor in their eyes, geese can see further and in clearer detail than any of us could ever hope to. They’re also super-territorial and—unlike dogs—can’t be paid off with a packet of biscuits you happen to be carrying. Try and distract a goose and it just honks and attacks your testicles 😨😨😨😨😨👏👏👏👏👏

modern times, too, these super-birds have their uses: Chinese cops in the Xinjiang province use them to guard police stations, while at least one Brazilian prison has them patrol the grounds in case of a mass breakout.

In fact, in just about every head-to-head contest geese put our canine friends to shame. Need to stop those pesky kids next door from messing up your lawn? It’s time you bought a goose.😂😂😱😱😱😱👏👏👏🌷

Google it.

Simple ehh? Practically as simple as Bitcoin .
Can't BRIBE IT with a biscuit 😂😂😂😂😂😂
Beware of robber banks (RB), bad advisors.
  • #3,954
  • Oct 6, 2019 11:21am Oct 6, 2019 11:21am
There's some article, not great here
https://www.investopedia.com/tech/bi...work-problems/
Says LN is still a baby 😱😱😱🍻🍻🍻😂

Says 800 million users is limit.
I did some math, i say 100 million ACTIVE users is limit.

But then there's LTC, DGB, DASH, GBYTE, XVG..... all faster than bitcoin 😱😂😂😂😂😂

So where's the problem?

That being said, LN is barely 2 years old.
At that age bitcoin was 1 dollar and every moron was laughing at it.

They laugh now ??🙊🙊🙊🙊🙊🙊🙊

Found this as future of LN....

using the LN in 2030?

From what we can say today, it'll probably run in the background. Most people won't know or need to know what's happening and that Lightning is making their particular use cases possible.

Which are the downsides, risks and uncertainties for the Lightning Network in the future?

The Lightning Network is an experiment built on an experiment. Either Bitcoin and Lightning theoretically can still fail, but every passing minute makes them stronger and less likely to do so. 😯😉😉😉 There are still a lot of hard engineering problems to be solved on Lightning, we're barely in the beta phase. There are a lot of great improvements coming - atom multi-path payments, splicing, watchtowers, improved routing, to name a few. But building all of this takes time and patience..... 🍻🍻🍻🍻👏👏
Beware of robber banks (RB), bad advisors.
  • #3,955
  • Oct 6, 2019 12:02pm Oct 6, 2019 12:02pm
Found one great article.
I'm bored 😨

https://medium.com/blockvera/the-lig...g-217f6ef1a2ac

Guy here focuses on problems etc.👏👏👏
One thing he says 20 times without focusing at all, is that bitcoin 1st layer is damn important.
😱😱😱
So yes, I'll wait for adoption, keep Bitcoin in normal wallet.
When bitcoin goes 50-80k I'll move one half BTC in LN to play, buy holidays, fun.

😀👏🐢🐢
Beware of robber banks (RB), bad advisors.
  • #3,956
  • Oct 6, 2019 3:44pm Oct 6, 2019 3:44pm
Quoting Not-KPMG
{quote} Hi Instead of "diding" me, maybe you should explain what/why is not ready for doing what......? Is anybody stopping people to use LN? Last time i checked speed 5-15 seconds, fees minimal (some people complain too small - so there's competition too). And sure Dude, few examples would help???? A link maybe?????? weird questions ehh
There are attacks on the clients that are still being uncovered. The developers of ln say not to use it with real money not sure how much more you want me to spell it out.

those around fundamental problems I mean technical like you will lose your money.

fundamentally there are 2 main problems. One around rebalancing and another around routing which is quadratic in complexity. I am working with researchers on the latter that may do a concept showing a new routing algo but it’s a NP hard problem.

There is is also a show stopper around the fact that once btc is worth so much closing channels may cost more than the value of transfer meaning micro transactions will not be possible again using LN because of costs of the base layer securing the protocol. In the end bitcoin will not be transactional and there remains compelling case for other coins filling that void..
  • #3,957
  • Oct 6, 2019 5:17pm Oct 6, 2019 5:17pm
Hi

Look what's happening 😱😱😱😱😱

https://www.zerohedge.com/geopolitic...c-among-public

If only there was money that don't rely on sh!tty banks or government liars or rotten toilet paper loving socialist system (yep i mean all western world)..... 😨😨😨😨😨😨

.... Is it called..... Bitcoin
😱👏👏👏🍻🍻🍻🍻
Beware of robber banks (RB), bad advisors.
  • #3,958
  • Edited 6:24pm Oct 6, 2019 5:45pm | Edited 6:24pm
Quoting sidhujag
There are attacks on the clients that are still
.. say not to use it with real money not sure how much more you want me to spell it out.
... like you will lose your money.
.. routing which is quadratic in complexity. I..
..btc is worth so much closing channels may cost more than the value of transfer..
.. compelling case for other coins filling that ..
Hmm.
Did you provide a link or only paranoid mind???
I'd advice you see a doctor...or a teacher

You're joking or pulling 83% out of your a.s.??

1. What attacks? Who...Why...?? Node connects to node. Outwards. Duhhhh.
2. LN developers told you that ??? In Clingon language ???
3. Do you even know how channels close ???

4. Routing ???? It's calculated maybe ONCE a day and saved in 50 Megabyte file.
Duhhhh. it's 70 year old math algorithm . Duhhhh.
I solved such problems when i was teenager.

Here
....Dijkstra thought about the shortest path problem when working at the Mathematical Center in Amsterdam in 1956 as a programmer ...
....The algorithm given by (Thorup 2000) runs in O(|E|\log \log |V|) time ..
https://en.m.wikipedia.org/wiki/Dijkstra%27s_algorithm

You Jag , are a pathetic excuse for a "developer" and "expert " no offense . Say thank you !!!!

Let's go on
5. Noone said using bitcoin is "cheap a.s tool". If a dumbo can't afford $50 close fee WTF scam is he running ??? There's development going ... plus why close it???

6. Alternative coins. That's what i said. Atomic swaps, LTC , GRS .....

See, you got one-half sentence right out of 6.
You're over 83% poser Jag.

and use cApital Letters if you Can fathom that

Provide links or evidence or......


...
Found this on routing (too complex for some ehhh???)

...Lightning Network Maps. ... IND already raised the graph limit from 4MB to 50MB — a minor increase, yes, but it highlights the fact that as more users onboard, the...

Ohhh how difficult it's for sidhuJag to do a simple node map
a whole 50 Megabyte !!!!!

...
Link few posts above...
Beware of robber banks (RB), bad advisors.
  • #3,959
  • Edited 9:31pm Oct 6, 2019 8:38pm | Edited 9:31pm
Quoting Not-KPMG
{quote} Hmm. Did you provide a link or only paranoid mind??? I'd advice you see a doctor...or a teacher You're joking or pulling 83% out of your a.s.?? 1. What attacks? Who...Why...?? Node connects to node. Outwards. Duhhhh. 2. LN developers told you that ??? In Clingon language ??? 3. Do you even know how channels close ??? 4. Routing ???? It's calculated maybe ONCE a day and saved in 50 Megabyte file. Duhhhh. it's 70 year old math algorithm . Duhhhh. I solved such problems when i was teenager. ...

Your really making me do work

You must close it if you have a bad actor on the other end, the layer 1 is the final court and that you must resort to in the event of a dispute.

https://www.coindesk.com/lightning-n...oss-of-bitcoin

This CVE was the latest, it was a stupid error actually should have been an easy find if an audit was done, but could have caused total loss of funds on any channel an attacker wanted to use to fund a payment, double spend and take all funds from the channel. Thus like i was saying there are probably other issues like this technically still for it to be used for real money en mass. Its just not there yet.

https://thenextweb.com/hardfork/2018...k-todd-flawed/


So micro-transactions isn't the target market for LN. Because if channel opening/closing isn't economic feasible. The inventor of LN said so himself:

https://twitter.com/tdryja/status/11...144529921?s=19

if you didn't want to believe me. More on it here: https://bitcoin.stackexchange.com/qu...-micropayments

also i dont like how anonymint argues and carries himself but he knows his stuff https://medium.com/@shelby_78386/pet...n-1da1d6ec2540

You are incorrect about djikstra optimizations in this case because LN edges and vertices are both ephermeral and mercurial. It is O(n^2) at best. Since it scales quadratically an improvement has to be orders of magnitude better to make a difference. Thus the research I hinted out at. Its not a show stopper those things can get better, and its not technicals the reason why its not going to be the thing that makes Bitcoin transactable, its fundamentals (its not meant for micro-transactions, you need a new fee market for that, something like I did with ZDAG on Syscoin which is onchain) Maybe Plasma/eth 2.0 has some tricks up their sleeves or maybe something else will come along that is better or make LN better.
  • #3,960
  • Oct 7, 2019 12:32pm Oct 7, 2019 12:32pm
Quoting sidhujag
{quote} Your really making me do work You must close it if you have a bad actor on the other end, the layer 1 is the final...
Links...
.. come along that is better or make LN better.
Hi pal

You have some points...


I read a fair bit.

Ok. So first you mention Bad Actor???
So?
If Malicious actor is there , this is (i think they call it) a THIRD solution ,and bad actor loses bitcoins. Right ? It's a safety feature

Otherwise if your Doomsday Baaaad Actor attitude pays off then why even have Internet/bitcoin /shoes/telephone ?

When i was q kid , couple times i put tacks and pins under people . i apologize .
Noone screamed "bad actor here we're all doomed shut down internet !!!!!"

Second .
This problems described in
https://bitcoin.stackexchange.com/qu...-micropayments
Are all about MiCro Nano blaaaa Payments .
What the F is NanoBitcoin?? Is that 0.000000001 bitcoin ?

Right ,so tomorrow bitcoin could be say 1 million green useless dollars .
1 nano is then 0.1 cent????? 2000 of these (dust threshold ? WTF ) will be say 2 dollars ???

You know I'll go ahead and risk 2 future dollars ,0.02 at present price .
Can we live with such loss

So yes, minor teething problems.
Nothing serious .
In few years it'll be perfect .

And thanks for all links !!
Beware of robber banks (RB), bad advisors.
0 traders viewing now