Crypto Coin General

Lets talk crypto coin! With recent huge market movements and announcements from authorities (usa/japan) shaping a more positive future for crypto - is 2017 THE year! 6 weeks ago crypto total market cap was $25 billion today we hit $31.7 billion - bit coin dominance was at 69% now only 66.2% Its Habberning! What coins do you think will head the charge and why?

I don't have an easy way to buy crypto where I live, but I'm sure it will take off heavily if Android/iOS get a mainstream way to trade currency.

Dash and Ethereum will be the lead. Dash is bitcoin but better in every way including speed, anonymity, and usage soon (i believe Dash Evolution will make it paypal simple) and Ethereum has so many Dapps being made on it with actual use cases like Golem for renting cpu usage for computation intensive tasks like rendering videos, Storj is moving to Ethereum (distributed DropBox alternative), and other more experimental tokens like the BAT (basic attention token from Brave to fix the advertisement industry online), ANT (aragon network token for running a company without paperwork) and SingularDTV tokens, as a new type of entertainment company. Currently im holding eth, SingularDTV, Iconomi, and Golem tokens. Oh and I have a Scarab token but idk whats going on with that right now but it seems like an extremely interesting idea which we could fork for a Lain token. http://www.thescarabexperiment.org/faq.html for those who havent heard of it

>>456 Where do you live? Here in Switzerland the national railway company SBB (owned by the federal government) sells Bitcoin at every ticket machine in the country. Their ticket machines are pretty much in every municipality, so it's very accessible to almost everyone. While it's convenient, it's not very privacy respecting. You have to enter a swiss mobile number (which is always tied to a person) and the purchase must be made through bank card. Still better than buying online where you have to send your ID to some random ass company and trust them with it.

>>456 Coinbase or if your uk try bittylicious.com or mine the soykaf out of a lesser coin and hope to be able to convert to bitcoin at a later date when price is right?

>>425 So now in just about another 20 days since this thread started we have a market cap of $55 billion and bitcoin dominance of only 51.5%. Thats over a billion a day going into crypto coin! And a huge trickle down to alt coins. Ripple has now surpassed Ethereum as the no. 2 alt coin. Lite coin in 4th place. The train to crypto paradise is leaving the station - you better be on board. https://coinmarketcap.com/#GBP As a side note: Ive now had some Bitcoins held up for over 9 days! still waiting on them being verified. As it stands Bitcoin is getting very noticeably slow in its transactions.

>>458 >Dash is bitcoin but better in every way including speed, anonymity, and usage soon Don't use Dash, use Monero. https://monero.stackexchange.com/questions/112/how-is-monero-compared-to-dash

What are some recommended sites/reading for investing in a coin? There are so many options, and I don't want to take some strangers word on what is a good coin

>>1066 Well as always follow da yooofff on youtube - best teachers and recherches there are in the world! Who the fuarrrk else is gonna go through over 200 white papers! https://www.youtube.com/watch?v=4BJERtsnDa8

>>1058 Dash is good an all - and i've personally done well as I got mine for $1.6 each 2yrs ago! But It has a dark cloud over it... there was a large insta-mine during its conception. this was brushed off as a mistake and they swore all the coins got mixed back in - but because dash is about anon transactions its impossible to know for sure. So my recommendation is don't go all in on dash. NEM seems like a good contender to Dash.

>>1058 I think that this is what's going to keep btc the most popular: the sheer proliferation and competition of better coins. They're going to spend so much time competing with each other while btc draws in glitterboys that it will retain a plurality (not a majority) of the market for a good long while.

does diversifying in various cryptos make sense? How likely is it that one will grow a lot and others will shrink and fail?

>>1070 BTC is still the best coin though

>>1080 Best how? What are the criteria? It has the highest value and most liquidity, both of which are a result of its popularity. This will lead into a sort of popularity feedback loop, at least for a while.

>>1074 i think it makes sense. Dash and Ethereum have had huge growth and tokens like golem and storj have great usecases

What's the best way to get started investing in crypto-currency? I want to get some XMR, LTC, and maybe XEM, and just hold onto them for a while until the value goes up.

>>1144 Probably get a poloniex or similar account and there you can trade your bitcoins for other alt currencys. If you have a lot of value it may be better in the long run to downlaod a wallet and store localy, rather than trust an exchange with your coin..

>>1144 I use https://coinbase.com to buy ETH and then convert it to whatever I want through https://shapeshift.io

Wait before buying. The bitcoin bubble is about to collapse and will shrink price of crypto currency. 400$ in 2 days . http://www.coindesk.com/price/

>>1388 Agreed, the current price is too high to last I want to own bitcoin but no way I'd do anything but sell at the moment

>>1425 If you want to see some real psycho go to /r/bitcoin. It's fun to see them saying that the bitcoin will contnue to grow and that the recent crash was caused by the FED.

>>1430 /r/bitcoin is run by that cabal right?

>>1388 >>1425 >>1430 if you think Bitcoin is an investment bubble then I feel you are missing the point. Seriously $400 either way be dammed! - by 2020 you'll be wishing you brought in when it was only $3000! Recent crash looks fishy to me - huge sudden withdraws just as the EU and US ran into bank holidays, also at end of month so less free money for people - both these things would of made it harder for people to pile in as the prices dropped. Luckily the market is global and 24/7 so it just weathered it ok - now just 10days later we are near the peak again - this was not a correction this was a move!

>>1572 It is a bubble just like gold is a massive bubble. Massive amount of retard investing into that and saying it isn't a bubble doesn't mean it is not. Seriously, at this point the name "crypto currency" doesn't mean anything anymore. It is just some random thing crazy people put there money here with the religious feeling that we are going to the moon, that they should HODL. Such a waste of opportunity to avoid federal taxation. Also, question your religious belief about bitcoin. It is flawed by design and won't be the crypto currency you'll earn the more about in following years.

>>1578 I personally believe crypto currency will be the future of money - maybe not Bitcoin itself for everyday use but something crypto... At that point Bitcoin may act like a "super gold" very rare and expensive, although not used for most normal transactions. Bubble would be true if crypto did not have the potential to replace the whole worlds money!

Let me run this past a few Lains... Amazon prime allows UNLIMITED photo storage... JPGs can be data too.... STORJ and File Coin both reward $$$ for giving up storage space... Would it be possible to make an interface to convert crypto coin data to JPGS (kinda PCM style?) and use Amazon to store/make HUGE amounts of crypto coin... Unlimited data space = unlimited crypto coin = profit Can it be done? you know hypothetically...

>>1836 I mean maybe, but I imagine the latency of pulling it down from amazon, converting it, and sending it over the storj/filecoin network would penalize you somewhat.

>>1836 If amazon found out you were exploiting their picture thing to host large amounts of data, they would kick/ban you from the service and stop whatever way you were storing data in the JPGs. Right now, you can get a gsuite domain with unlimited data storage for $10 a month, which is quite better IMO.

I see a lot of naysayers in here. Bubble this bubble that. I've lost count now how many times those who never had the balls to put their money in crypto regurgitate this meme as a coping mechanism for missing out. Yes there are corrections in the market but this is where instead of you going 'see I told you' like a dick, you place your ask orders and bid on the breakout. A hodl is good for some coins (up 300%+ over past month), but you'd make so much more by building out your own dedicated bots for scalping and arbitrage strats running 247365 as this market never has no opening/closing bell, instead of letting that capital sit.

>>1836 >>1838 If these companies are already offering unlimited datastorage at such cheap prices, what even is the point of Siacoin or STORJ? I suppose there's the security aspect of it, but for security, why not simply store your data locally? I just don't see the appeal.

>>1839 I'd love to get into trading with crypto bots, 5-10% swings are so frequent I'd imagine you could make a lot of money with it. Unfortunately, I'm not a programmer and wouldn't know where to begin.

>>1842 >>1842 cheaper on sia than locally. Also, well, It's google. I don't want my date processed by 5 IA. ( you can encrypt it, I know and that's what I do when I store something on drive)

>>1858 Yeah, those are some good points anon. It may not be cheaper than amazon, but for those whose privacy is of the utmost concern, it certainly has value. I think this will ultimately end up being a niche market compared to traditional cloud storage, but a niche that may grow over the decades as cyber threats and people's awareness of internet privacy become more pronounced. Exciting times.

>>1878 economically speaking, sia is far more efficient than amazon or google drive. Their prices are lower because they want the market to expand and then make their prices go up. Sia will actually be cheaper in 3-5 years.

>>1843 >5-10% swings are so frequent I'd imagine you could make a lot not going to declare cap at play as parsing order books would be enough to mark my mvements but to give you an idea of whats possible, scots average day executes 45-50 ask/bids with 81-83% of each trade drawing 1-2% gains min. >Unfortunately, I'm not a programmer and wouldn't know where to begin. >Not yet. iff Mark Cuban can spend his time diving into ML, I'm sure you can at least get your feet wet https://twitter.com/mcuban/status/846781342083923969

>>1839 This. It's just insane to think that everyone who has all of this money invested in crypto is going to suddenly throw in the towel and say, "You know, I don't have faith in this anymore!" Especially given what it has been through. I just spent a few hundred on ETH and LTC via Coinbase, am hoping to diversify a bit, and maybe build a small mining rig for other more promising experimental coins in the near future.

Just putting this out there, UBIQ is another coin which if not on your radar should be. To say its undervalued would be an understatement - no premine, no ICO, not even 6 months of age, 3 years dedicated pre launch of stable. IMO once ethereum fails, this, not ethereum-classic will be the winner. To put my money where my mouth is, if the value of UBIQ doesn't surpass Ethereum in the next 2 years I'll personally post a UBIQ address here, send it 1000 USD and post the private key here, first dibs, first gets.

>>1981 does it have any different than ethereum?

Anyone catch the EOS presentation at Consensus? https://www.youtube.com/watch?v=MUZWZj1pu94 I get that it was more of a pitch than a technical talk, but I still would have enjoyed more focus on network security (someone in the Q&A called it out a bit). More than once Larimer hand waved maliciousness away by saying that validators don't want to get voted out and replaced. He's not wrong, but the way he used this explanation as to why EOS does not need to use something like Ethereum's gas concept seemed very casual. If EOS wants be a major force and run finance and healthcare contracts that means that it will be facing possible nation state level bad actors on its network. And all this has me a bit spooked since I picked up a similar vibe skimming their whitepaper. A broader concern is that after billing themselves as a "blockchain operating system" they seem intent on supplying every layer of the app developer stack. What if I don't want to use their database? It definitely seems to be more inline with Microsoft's or Apple's model and less FOSS-y. Maybe I'm being paranoid or maybe this is to be expected now that the VC money is here :-/ On top of that their ICO sounds like a nightmare. Haha by writing all this out I think I just convinced myself to observe at a safe distance...

>>1991 seems interesting. I like the steemit guys approach to making it work like a normal website while using the blockchain behind the scenes

I have some holdings in ETH and some small amount of change in BTC that I'm thinking of transferring over to ETH with the next dip. But I'm thinking I'm gonna drop some K to create a rig while it's still somewhat feasible. Here's the current setup I have in mind, with the cost projected around 2K. Thing is, I'm not particularly knowledgeable re: hardware and am only getting into this. I'm wondering if anyone who's more knowledgeable would be able to evaluate this rig. It's built to gradually add more GPU's as quickly as I can acquire them (hence the 1200w PSU.) Thoughts?

>>1995 Better off getting MSI Pro Series Intel Z270 A PRO for 20 bucks instead of buying another board when you max out - has 1151 socket so get a G3930. Never heard of FSP. A 80+ gold PSU is a good call, both EVGA and Corsair are reliable. You don't need a 60, just get a good thumb drive with 16G minimum if running off a nix box. Go with 480s as they're good for ethash, equihash and cryptonote and its wise to think ahead as chances are mining eth won't be profitable forever.

>>1981 Ponzi scheme: the post

>>1981 Do that in a smart contract or I don't believe you're going to do that

>>1995 seems like a decent build but the problem is the rx 470's are sold out EVERYWHERE. I reccommend you look in to getting GTX 1070's they are twice the cost but have better resale value and can also mine siacoin\monero\zcash well and are available now. >>2014 is right get a Z270 A motherboard. It's the one i bought and we can put 7 gpu's on it and up to 9 with an adapter. We couldn't get running with ubuntu so we sadly had to go with win10

>>2028 Even 1070s are out of stock at moment. Happy to have accumulated 12 earlier, could even resell now for double the price on some of the markets but they are in use so think once the next big crypto drops before peak profitability, I'll buy extras, set them aside and resell for gains. Mad how you got Win to run but not Ubuntu. Normally the other way round, at least in my experience. Ypu heard the latest. ASUS are dropping a new model for PRO BTC line with 13 PCIE lanes and NVIDIA are in works of producing a GPU specialized for the mining industry only!

>>2025 That's your best response? Did you even take a look at the project and check the dev team. Its the least scammy coin looking to deliver. Them, plus counterparty are the only ones worth paying attention to for smart contracts. When segwit is active, don't be surprised when XCP lifts off seeing as at the moment fees for contracts are too expensive, hence everyone riding ETH - ok, yes ICO craze is also part to blame. >>2026 Don't have to prove anything. Once keys are posted, that'll be more than enough. I've noted this thread for the future and shall do as said when 2019 arrives. See you then.

>>2040 It's in fact interesting but your post with "I'll pay you if it does not skyrocket" was very ponzi like. I'll use there go framework to start understanding smart contracts and make little apps

Any good guides for this? I have some very basic knowledge but haven't done much research on bitcoins and how to acquire/trade them since 2012.

>>2045 I would say first place to start getting bit coins would be an ATM if there is one near you? https://coinatmradar.com/ You can also try >>479 From there get a Poloniex or similar account then "load" bitcoin into that - from there diversify into alt currencies and boom you got a portfolio... N.b. remember anything kept on another mans machine is not under your control... so if it looks like your getting rather fat - fire up some wallets and unload from Poloniex to your own wallets! P.S. anyone got an ABC guide on setting up crypto mining ??? cant find one that is suitable for an idiot :) prefure GUI but will command line if I must... windows / linux or both... Preemptive thanks...

>>2044 It was an incentive to get yourself and others to look into the project. If I had instead said BUY UBIQ then ofc that would be suspect and would be a good means to avoid and be weary of the hype. >I'll use there go framework to start understanding smart contracts and make little apps My work here is done :)

>>2047 Care to explain the whole concept of "wallets"?

>>2102 a crypto coin "wallet" is just like a wallet for your dollars. It holds your money. Crypto coin wallets are apps\programs most of the time but there are hardware wallets like keepkey, trezor, and the ledger nano

>>2103 I did some research on my own, to the point where I think I know at least enough to buy some bitcoins/alt coins. I wish I had kept up with all this but the only reason I had any experience to begin with was an interest in Silk Road 5 years ago. Thanks for the help.

so i have recently gotten into the world of crypto in terms of actually spending some money towards it (like i thought about putting some money into bitcoin some years ago); since I've gone through this crash course recently, I'll try to answer some questions - and update when I'm less tired tomorrow. >>2014 >>2028 >>2039 Would like to thank you lot for your responses. I realized that I was not in a position to really drop the relevant amount of money necessary for a rig at the moment, but am hoping to do so ASAP so I can still catch some of the mining profit on up & coming coins. Instead, I bought a few Eth. re: >>2047>>2045 >>2102 Many folks also start out using coinbase a general way to purchase coins, and I am unfortunately am one of those. (I wanted to get in as quickly as a I could.) This is a mistake. Don't use coinbase if you can help it. It can be useful for instant trading and some general use, but 1) it has a tendency to crash during the times when you *really* want to buy, 2) they take fees and the money takes days to actually transfer into your account (it took a week for my first Eth and BTC purchases to show up, and 3) their market tends to differ from the mean of other markets, and they only do BTC, ETC, and LTC. If you do end up using them, keep whatever you want on there for trading, but put away any funds you intend to keep/hold/hodl in an external wallet. So, I'd recommend going through the registration and tier approval steps of something like Kraken, or Poloniex. As for wallets, my experience in this area is a little limited, but after doing some research I settled on Exodus, which is cross platform and allows you to set up a paper wallet (of sorts - a multi-tier backup based on a seed phrase.) It supports the big 3, as well as smaller coins. >>2047 Depends, how much money are you looking to spend on a rig? 2-4K seems to be the minimum for there to any ROI re: eth or Sia.

>>2117 Advise against polo. There has been a tonne of suspect activity taking place on there for a good 12 months, so much so I cleared out my wallets and left for good 2 months ago as I had had enough of never having my tickets answered for one whole year, coins being put in maintenance without a heads up during trading hours which heavily impacted my daily targets during one week. If you just trawl through "to:poloniex" on twitter it soon becomes apparent how soykaf their support is. Definitely the next mtgox - no this isn't a exaggeration. GDAX is going to have another flash crash (exchange coinbase relies on), be it this year or next - it's had two this year already, most notable one being the second this week, first btcusd, a couple months back, so DO NOT go anywhere near these incompetent fuarrrks, stay away! Bittrex is the only US exchange which has had the least issues, if none on the record in comparison to the others (bitfinex, kraken, gemini, gdax, polo). Richie and Rami run a srsly good ship, don't get near half amount as props as they should in this space!

>>2047 Gonna need to be more specific. You want to mine equihash, ethash or blake coins? Different cards are better suited to certain algos, so it's good to choose wisely. Why do you want to mine? Are you willing to hodl a coin for 1-2 years to see decent returns or are you just in it to mine and sell daily for least profit?

>>2117 >2-4K seems to be the minimum for there to any ROI re: eth or Sia. Ok so is there a coin that might preference CPU over GPU? I have 24 threads (2x5670), but only run 2 soykafty Quadro 4000 GRFX cards... although I could set up a rig with my gaming 750Ti and 1060 in it.... if this will hep at all? >>2126 I'm not too picky - I think I need something easy to mine as my PC is not a killer mining rig. I'm looking for smaller coins with potential... maybe say Feather coin - but any suggestions based on above PC specs and interesting coins with potential welcome! I get as far as pages like: https://github.com/ghostlander/nsgminer Then what? I'm only just moving into linux (mint) world, but my main system runs Winblows (because adobe). Any help in how to approach pages like this and setup a mining app would be most appreciated.

>>2174 Due to daily returns being poor for CPU mining for a while, I can't give you much pointers. Read rare cases this year of people CPU mining cryptonight (monero) and cryptonight light (aeon) where they've gotten lucky with a block, but is a general gamble. Have you maybe looked into affordable alternatives such as setting up hosts for the sia network in hopes of getting contracts, or any terabyte drives idly lying around which could be put to use for getting filecoins?

>>2174 I'm afraid that it's all about GPU; if you're just trying to turn an extant rig into a miner (which I have tried) you're unlikely to break even after electricity, even with a nice gaming rig. CPU mining is pretty much out of the question. Nowadays, mining is a big investment that only pays itself off in the long term, and the increase in difficulty is only going to make this worse. Unless you're willing to really shell out a few K for a rig with the most sustainable GPU's, and/or one that's flexible (not limited to just one coin), you're not going to make anything. I would say 2K (USD) is a rough minimum. Filecoins or straight up trading are a better bet if you don't want to spend upfront. Good day to buy, market dipped massively yesterday.

>>2232 >Good day to buy, market dipped massively yesterday. I would bet that it will get much lower before the end of the year, possibly (though far from definitely) as low as $1K. It will of course come slowly back up afterwards, and in two years we'll be repeating this whole conversation with all the numbers multiplied by three. Picture somewhat related, and an interesting day in cryptocoin history.

>>2272 >ask filled at 2210. bid filled at 2500. waits for next bear. Not sure what charts you're looking at but 1800 min is the potential floor at this point, with 1500 being the max. Come Aug 1st we could either be looking at a new ATH soon after or a flash crash "if" segwit breaks. But really, unless you're in Jihan's group or cores circle, none of us have any idea what the future holds seeing as us coiners are all relying on both. As a hedge you'll see others saying balancing your portfolio with litecoin is a good call, but we all know, when bitcoin bleeds, all follows, so this could be seen as a pointless move as this has been proven time and time again. And then there's the factor of everyone selling off and cashing out a week before Aug 1st to avoid being stuck in no mans land with exchange outages expected few days before segwit, which then shall cause a wave of a dip - seriously hope gdax has prepared.

To familiarize myself with Python, yesterday I made a simple ROI calculator for ETH/BTC that fills a .csv file with your coins & costs at time of purchase, compares them to current price via Kraken's API, and displays the difference between cost and current worth. I made a version for integrating in i3blocks (or any similar status bar that can implement python scripts) as well as a more interactive version. Currently planning on implementing more features like the ability to update the file with sells, as well as the use of other currencies and exchanges. The bar version is hardcoded into the source so I plan to have it run off the same .csv file. https://github.com/mistermaps/cryptoreturn I know the code is gore-tier, if anyone has suggestions for how to improve it, I'm happy to hear them. https://github.com/mistermaps/cryptoreturn Happy to hear suggestions as well as receive donations Present Day, Present Time! AHAHAHAHAHA!

>>2296 I'm just going by my gut and by what happened when btc hit $100 and $1000 for the first times. I'm putting actual money (not here, but in a bet I have with a friend) on it dipping at least down to $2K before Dec 31 (even if it comes back up past there by then), and I wouldn't be surprised to see it go down past that. I don't think any of the charts project out much farther than the next three months anyway.

>>2296 Thing is we've come along way since 100, 1K days. There are now billboard ads in times square and canary wharf targeting nocoiners, weekly pieces on bloomberg attempting to cover the space but failing miserably, banner ads for investing IRA/401k into cryptos, record breaking active users on the top exchanges, mn+ steady growth on coinbase the past month alone, everyone and their grandma starting an ICO with suckers wanting in on the action, the floppening meme, you get my point. INB4 you say "bubble", I'm in the camp that believes we're in the early stages of what could be a huge bull run, but could be interrupted and turn bear if a split happens which isn't off the cards, but seen as unlikely as all parties will suffer in long run. >don't think any of the charts project out much farther than the next three months anyway. Agree we need more weeks to get a clearer picture. Going to be one hell of a summer that's for sure!

>>2297 For your second/third program, not bad, but could do with some work. You should think of generating a fromFile class for read, parse and future update funcs and kraken class with ticker funcs, and remove duplicate puts. As it looks like you're getting comfy, you should look into generating trade bots based on proven trading strats you've used in a simulation environment with at least a 51% (just 1% alone is enough to break even) success rate - don't need to play with real money at first just note down trades , set entry/exits positions, set alerts for met exits etc. When you're content, then enter with 10-30 USD worth as its best to confirm success of your bots with real capital at play as simulations are never like the real thing and can often be wrong once run live, so losses at this point won't be near as significant to that in the tens of thousands.

Bitbay. http://txt.do/dk7vz

Golem is cool. Everything else is like kicking dead whales down the beach.

Hey guys. Are any of you on the crypto market? Well 4chan's business board /biz/ has developed their own coin, it's called chancoin and it's on cryptopia. The price is still pretty low, just below 3 cents per coin, but the devs are confident they can get it to rise higher. So if you're at all interested in crypto currencies, you should buy at least a tiny amount now while it's still low.

You're going to have to do better than that. Give me actual reasons as to why I'd want to gamble with this soykafcoin? Does it give me filthy rich yearly interest? Are memenodes going to be added? Whats the max supply? How much have the dev's premined? Does one party own 20% or more of this coin? Is its UI intuitive? Hows its 24 hour vol average - if we aren't consistently above 10k USD, what chance do I have to cashout when the dump ensues?

>>you should buy at least a tiny amount now while it's still low. Don't ever tell people what they should and shouldn't buy. Inform them of an opportunity, but never apply pressure.

>>4098 >spoonfeed me info I can search online in few mins heh, you're not that important kiddo

>>4098 damn, i don't know that much but the premine's about 6 million by one guy, but the devs are working on burning them and kicked him off the project the max amount is 30 million it's been jumping between 4 and 2 cents the last week or so And the mods have been generous and made some giveaway threads on /biz/ every now and then too. I guess the biggest reason other than those i guess is the price >>4099 sounds fair. Sorry

>>4100 Get real glitterboy, time is money. Not all of us have time to run TA, FA and SA on all coins in this market. If you're gonna pitch one of these anywhere, you better list out some solid reasons for placing some asks, otherwise your call holds no value.

>>4101 Burning the entire premine, with 30mn cap? Sounds promising. Shall dig into this later, thanks for quick rundown.

>>4102 >time is money >I am going to waste my time on you heh

https://en.wikipedia.org/wiki/Pump_and_dump

The coin's already under 300 satoshi now, and it seems to be sinking!

How long before bitcoin goes OVER 9000!! Its about to hit 5k! Good times a coming!

Perhaps you guys could help. My friend is trying to cash out and doesn't believe the government has set ups online to exchange money and doesn't comprehend how money can be traced. What's the best method to launder or cash out so he'll shut up?

>>4130 >cash out Bitcoin ATM - 5-10% loss but totaly anon - take say 1k a day over x days... Otherwise if hes a million air hes gonna have to pay some tax... or maybe go on holiday to a country that does not have tax on btc and withdraw the lot there for the win!

>>4135 He says the government will get the transaction logs and go after people for taxes. Idk. I told him "vacationing" would scream red flag to anyone watching.

Anyone heard of this UTOX thing? Apparently it's a new cryptocoin that's in the making. Here's their site http://utoxcoin.pagedemo.co/ Any thoughts on it? How do we know how well it will do?

>>4146 >government will get the transaction logs and go after Ok then hes doing it wrong... Get new wallet over TOR ... move all funds to new wallet... cash out from new wallet... if asked he sent them to a wrong address by accident... or something bullsoykaf like that. Or move all to monero then out to a new anon btc wallet then to the cash machine!

>>4154 >Get new wallet over TOR ... move all funds to new wallet... cash out from new wallet... if asked he sent them to a wrong address by accident... or something bullsoykaf like that You do realize that something as primitive as that could be traced by a 13 year old using blockchain.info, right? Don't listen to the advice of people on here, you should seek out one of the many forums on Tor for this kind of stuff.

>>4157 Doing this through monero is indeed secure

>>4157 yes you can explore the block chain - but you cant prove who controls the wallet - which is what is required in this instance... >Only get your advice from gov approved web sites

>>2683 More explanation on why.

>>4965 A true crypto marketplace with price stability and security is what we need for crypto adoption and after looking at all coins, Bitbay is the only one suitable for this. At least it is the most advanced to realize it.

>>4966 Bretty good sh*lling, is there a decent sized community? Lots of listings on the marketplace or just another dead fish in the water like many other markets i've tried out? Very interested in selling some "items" if it would be profitable. Will try the client later tonight, i'm at work.

>>4980 Yes we are already 1700 on the slack chat. The software is actually used already. For instance some guy sold 3,5 acres of lands in california for some Bitbay coins and he plans to sell more. It was pretty fuarrrking cheap, like around 7k$ the 3,5 acres of lands in fuarrrking cali! That is pretty cyberpunk and this is history! There are a few listings on the public marketplace but it is also used privately using peer to peer contracts or private marketplaces so it is more used that it looks like. I tried it and all. It works as intended. There are things to improve but overall the underhood tech is extremely interesting and good. Although as in crypto, consumer adoption will truly begin only when it will become price stable because volatility is a bitch to consumers. But that's when it gets interesting because bitbay plans to release a decentralized peg in 2018 so this stability will drive adoption forward a lot. Literally no other projects in crypto project such thing. The only pegs are hard centralized pegs like Tether and it is basically like fiat and pegged to USD.

Good topic - did anyone buy the book Mastering Bitcoins 2nd Edition ? I ordered it a few days ago on amazon (it'll be delivered on the 13th). Are there other beginners interested in making a small group of study of cryptocurrencies ? (Of the algorithms powering the blockchain for example, and ultimately of ways to make money out of it)

>>5295 Here, I saved you $27+shipping off this toilet paper, guys http://libgen.io/search.php?req=Mastering+Bitcoin

>>5298 Well everyone tell it's a good book, The videos of Andreas are pretty good (in fact much better than others), I can't read an entire book on my computer, At least explain why you didn't like it.

>>4966 Tell me if BitBay is more private than monero and how so

I cant wait for dogecoin to be worth 7k each! Present Day, Present Time! AHAHAHAHAHA!

>>5328 Bitbay itself is a decentralized contracting and marketplace platform first and foremost. You can use any currencies you want with it so it is not a competition to Monero. Although the platform is hosted through p2p using a modified version of the Bitmessage protocol and has Tor+proxy integration so the platform is pretty much the most anonymous/private you can get out there. When it comes to paying, as I said you can use any currencies as long both parties are ok with the currencies used. Although the escrows (if there is any) are done through the bitbay currency which is as anonymous as Bitcoin. This is not a big deal because the escrows are regarding privacy not comprising in a trustless contract transaction because the escrow funds are not circulating from address to address, it just acts as self assurance. So in the end, it is the end user that chooses how much he wants it to be private and it still has inherent privacy so it is cool.

>>4130 Trade bitcoin for monero. If its a large large amount maybe make 7-10 monero wallets. Wallet—>tumble—>(btc wallets 1,2,3,4,5)—>shapeshift.io—>monero wallets(1,2,3,4,5 etc)—>(if converting monero to cash) sell xmr for usd localmonero.co (sell less than 1000 at a time, make a new account after 5k, or have a friend do the sales for you and register in their name)

>>5514 Or you could just trustless contracting with bitbay's fully decentralized and anonymous Bitmessage based marketplace (while using the Tor+Proxy integration). Find a buyer and you can get your cash with no account needed and no middlemen spying. Easy peasy. The only difficulty is finding the right buyer as the platform is small.

Check out Numer.ai Im pretty sure I heard about it here.

>>5493 To be honest It is how I see bitcoin fans. Between this and jevohah witnesses;

Everyone go back in time and save your btc instead of buying drugs.

>>5583 I guess the difference is the JWs are required to tell you their gospel if they want a chance at heaven, but hope you don't accept it because there's a limited number of seats available.

Bitcoin is now Blockstream Company Good Boy Points. Bitcoin Cash and Monero are the best.

So Bitcoin Cash is hard forked, it's doing its own thing but Did segwit2x happen? Not happen? Did it happen but become its own currency?

>>5583 >my opinion kay, who are you btw?

>>5675 segwit2x was canceled, most people who want to raise the blocksize are switching to bcash, but something like 92% of bcash was mined by the top 2 miners, so some people have concerns of centralization

>>5676 >my opinion >kay, who are you btw? It wasn't an opinion it was a stereotype. It doesn't matter who the poster is. Attack the statement or go home. https://en.wikipedia.org/wiki/Ad_hominem Are you denying that most bitcoin users are either casuals trying to get rich quick or fuarrrk-the-police-anarchists?

ITS OVER 9000!!!!

>>458 This post will not age well.

>>458 Dash is a fuarrrking scamcoin https://bitcointalk.org/index.php?topic=995710.0

>>6162 lel, this. i see a bright future for ETH, but DASH will not last.

I'm going to see about buying from an ATM if I can find one. I'd rather pay cash.

My advice is stay away from trading platforms and just buy cold hard crypto. I am personally excited about the future of Numeraire and what the Singularity.net is planning.

Don't call it Bcash! https://www.youtube.com/watch?v=OJT2CbfHTpo Skip to 43:50...

Any advice on Bitcoin right now? I was thinking waiting tell bitcoin dips, or should I buy now while the price is almost 10k?

>>6171 hard to say. btc could enter a bear market anytime now, but i actually don't think so. you could still get into eth and ltc now. t. entered at 5,5k

>>6171 well if you believe in the Bitcoin/crypto climb as a money alternative blooming then this will still keep going up - MASSIVELY! If you think its a ponzi and wont last then stay out! If you just want to turn a profit then buy in now - it might drop a few 1000's after the 10k mark as a few people will sell thinking its some magic ceiling... as long as you hold in the dips you will be happy in 1yr, fo shr!

>>6175 What does everyone think of this https://thenextweb.com/insider/2017/11/28/the-death-of-net-neutrality-could-be-the-end-of-bitcoin/ Is it true?

>>6193 >Could be Well it's true that it COULD be. Not having Net neutrality means that ISPS can block any traffic they want to block, which could include bitcoin transactions. They probably won't bother to block those though because why would they?

>>6194 because a big player like amazon, google or apple could pop up and pay them to block all the major blockchains/coins to make their hypothetical own blockchain/coin the only one accessible. screenshot this.

Question for everyone ITT: For what reason are you doing whatever it is that you are doing with cryptocurrencies? Are you coming from an investor/bean-counter capitalist/mindest that goes from thing to thing, investing in things that rise in popularity and selling when the fad wears off? Or are you coming from a more practical persective and want to get in on/use/promote a new technology for the betterment of everybody? I'm in the later group. In that perspective it seems like technology-wise the best coins are Monero and Faircoin. The fact that Litecoin still exists is amazing to me because when I first heard about it years ago I had no idea what its point was. I still don't know what it's point is. Bitcoin was a digital, peer to peer, trustless money for everyone. Monero is that, plus security and privacy. Faircoin is that plus fairness and democratic principals. Bitcoin Cash seems to be going on the the path of the original Bitcoin white paper, Bitcoin seems to be going a different direction. Monero is the only coin that is offensively anti-surveillance, and Monero is awesome for that. It's forcing of everything through I2P is an amazing thing. But no matter what literally no coins have fixed the problem that every coin is an eventual ecological disaster for planet earth, except for Faircoin. As far as I can tell Monero is the only coin that is fully safe and secure, and Faircoin is the only coin that won't kill the planet. I can't really tell what the hell is up with Etherum.

>>6500 I was going to buy a fake ID with bitcoin back in early 2016 but chickened out at the last second (thankfully since it was a scam site) and kept the BTC. I also bought 1 ETH when they were ~15 USD, and 20 USD of litecoin two years ago. After they started rising in value (currently at ~$2.5k gains total) I looked into it more and just watch it, or sell a couple hundred when I need the money. When I get GDAX up I'll probably blow 100 USD of BTC doing random daytrading for fun and ''profit''. So to answer your question just speculation and fun. But if it was feasible, I would spend crypto on everyday purchases. It's good talk with friends too. But honestly I don't see the value in BTC since it's hard to buy stuff with it, but ETH looks interesting for it's contracts. If you can't tell I'm not well-versed in crypto. I'm just happy I made a nice amount of money at a young age and plan to hold. It's GOT to be a bubble though!

>>6500 As for litecoin, what's the point of Bitcoin and Bitcoin Cash? Litecoin is better than both of them in every way. Speed and expensiveness of BTC is very annoying/problematic with many uses. Sending BTC always frustrates me but LTC is great. It acts as a testnet for BTC too: any upgrade is put onto LTC first, like segwit was. LTC developers have confirmed that confidential transactions are coming soon to make it anonymous.

there are no better coins, only tade-offs. bigger or faster blocks like in bitcoincash or litecoin don't solve the scaling problem fundamentally, they're only kicking the can down the road. they only seem faster and cheaper for now because nobody is using them. privacy approaches like in monero and zcash make scaling even much worse, transaction fees would cost $100 if they'd be used as much as bitcoin. bitcoin core team is working hard to incorporate meaningful solutions to these problems. @starkness and @roasbeef and many others working on lightning are good people, albeit admittedly mass adoption of this tech will be a challenge. or take http://mimblewimble.cash/ which is a very promising privacy solution that actually scales, and much better even than any other coin today.

I always heard that litecoin was a scamcoin and the creators mined like 2/3rds of all the litecoin that will ever be available in the first 24 hours

>>6505 Wow dude. That looks like such a reputable website... >>6502 Honestly dude, I would keep it. I really would I wish I had what you did. But I spent it all years ago. >>6504 I don't think you can really beat Moneros use of ring signatures and I2P, but that's really cool for Litecoin. I'm not well versed enough to compair and contrast Livecoin vs Bitcoin Cash. >>6507 First time hearing this for me.

>>6500 I was wrong when I said Faircoin was the only coin to have solved the whole "every coin will eventually kill the planet and itself with energy needs." It is not the only one, there is another, Peercoin. It uses the same or similar "proof of stake" system as Faircoin. https://peercoin.net/assets/paper/peercoin-paper.pdf >Energy Efficiency >When the proof-of-work mint rate approaches zero, there is less and less incentive to mint proof-of-work blocks. Under this long term scenario energy consumption in the network may drop to very low levels as disinterested miners stop mining proof-of-work blocks. The Bitcoin network faces such risk unless transaction volume/fee rises to high enough levels to sustain the energy consumption. Under our design even if energy consumption approaches zero the network is still protected by proof-of-stake. We call a crypto-currency long-term energy-efficient if energy consumption on proof-of-work is allowed to approach zero.

>>6512

Hey Lains, this may be a bit of a noob question but what wallets are recommended for investing in alt coins? I have a coinbase but it only seems to allow BTC LTC and ETH, want to diversify any suggestions or links to a good walkthrough page? I've been living off grid too long and the world's changed in a few short years

>>6507 no, that's Dash

>>6525 For Android try Coinomi Or for PC try Jaxx or Exodus wallets As multi coin wallets go these seem to be good... But ultimately get a "core" wallet for each coin - it will strengthen the size and security of each network - invest in your investment!

>>6513 >>6512 ETH is also planning on moving to a proof-of-stake hybrid model similar to peercoin Soon™

>>6500 >One-fifth of all circulating FairCoins were bought by anti capitalist activist Enric Duran in 2014 and donated to FairCoop. >Mr Duran is better known as the Robin Hood of banks. From 2006 to 2008 he took out 68 commercial and personal loans from 39 banks. The money obtained through the loans was used to fund various anti-capitalist projects. Mr Duran spent two months in prison before being bailed for €50,000. >Before a criminal tribunal scheduled for 12 February 2013, Duran decided to leave the country rather than stand trial in Spain. "I don't see legitimacy in a judicial system based on authority, because I don't recognise its authority." The prosecuting attorney and 16 banking institutions called for an 8-year prison sentence I was close to investing in faircoin until I learned it was the pet project of a literal communist outlaw.

>>1425 >>1430 And this, kids, is why you don't take investment advice from anonymous lainbots

buttcoin cannot last. Other coins will fall with it, leaving behind only the ones that actually work(monero, siacoin, eth, etc.) in its wake... and prices will fall as well. It literally cannot climb forever. Probably not for more than a month. >but people have faith in it as a currency!! it's a commodity, hasn't been useful as a currency for months. All you stupid idiots trading at exchanges are feeding directly into that. Anyway, bubbles seem like they'll never pop until they do. That's why they exist in the first place. The buttcoin network is already consolidated enough that people(read: China) could easily manipulate the currency. I cashed out to monero at $16k. I'm never buying another buttcoin for as long as I live, except via xmr.to.

>>6584 >hehe xD the tulips amirite?!!!!111 Stop reading mainstream media and watching youtube documentaries on topic to try and "form your own opinion" and go try read a book for once Dunce

>>6587 >he said, perusing all the latest news from coindesk or some soykaf blind leading the blind.

>>6588 >"or some soykaf" >pulling assertions with no proof I have dipped my D in the topic deep enough to know your kind. I saw all the soykafty yt documentaries you did and read all small journalist opinion pieces you did and I also went further than that. You know yourself that you know very little on the topic, I don't need to tell you that.

>>6590 So far you have provided only baseless assertions. I have provided actual analysis. No insult you attempt will change this. I am forced to assume you are a sniveling wage slave.

>>2683 >>4965 >>4966 >>4981 >>5499 >>5546 Who warned you about bitbay when it was 0.02$ and now it is around 0.3$? Me. Gonna be good, it's only the beginning.

Some heavy thoughtpolicing on this thread. Nothing to see here, citizen.

>>6606 oy vey

>>6525 Don't put you wallet on someone elses computer. Keep in on a secure PC using an open source client. For Bitcoin I use Electrum. For Litecoin I use Electrum-LTC. Both a light and very fast.

>>6561 Where did you get this? ALso how is that only 8 years in jail?

>>6606 What? Where?

>>6561 You just convinced me to get into it lol

Well it looks like it's going down fairly hard tonight. Any predictions for the future?

>>6696 it'll go down and the it'll go up and then it''l go down and then it''ll go up and then it''l go down and then it''ll go up and then it''l go down and then it''ll go up and then it''l go down and then it''ll go up and then it''l go down and then it''ll go up and then it''l go down and then it''ll go up and then it''l go down and then it''ll go up

>>6561 kinda badass honestly

>>6698 WELL YOU MAY BE A LOVER BUT YOU AIN'T NO DANCER

>>6694 I wasn't trying to convince anyone to do anything. Just think it's pretty ironic for anti-capitalists to be trying to get rich off the crypto market. Either he's a con artist, or his project will sabotage itself and its investors.

I want to make cute things or trinkets and sell them for Litecoin and Monero. But I am unskilled and not crafty.

>>6735 Practice makes perfect.

>>6698 Can't go on forever. Eventually if it drops down far enough, the rewards from mining will fall too far below the electricity costs, and the centralised chinese mining conglomerates will stop mining. If a large portion of the hashpower leaves the network, you get the "frisbee on the roof" scenario. Mining difficulty automatically recalculates every 2,000ish blocks, which is normally every two weeks. But if too many miners leave the network at once, and the rate of new blocks being discovered drops dramatically from once per 10 minutes to once per hour or per 6 hours, the difficulty recalculation will be prohibitively far off and the bitcoin network will be crippled.

>>6830 A complete halt to the creation of new coins would create scarcity, which would in turn cause the price to skyrocket and incentivize mining again.

>>6913 scarcity doesn't bode well for currencies. The reason we have fiat currencies is because there wasn't enough gold or silver or whatever to back the currency, and the reason we have fractional-reserve banking is that there wasn't enough money in the system to serve everyone's needs. A halt in bitcoin mining would re-create those systems and ruin everything cryptocurrencies are good for. Even if you treat bitcoin as a commodity, >>6830 's scenario would still basically cripple bitcoin, as transactions would take forever to clear and people would sell their bitcoins as fast as possible to avoid rendering their investment illiquid.

>>6920 >scarcity doesn't bode well for currencies. The reason we have fiat currencies is because there wasn't enough gold or silver or whatever to back the currency, and the reason we have fractional-reserve banking is that there wasn't enough money in the system to serve everyone's needs. A halt in bitcoin mining would re-create those systems and ruin everything cryptocurrencies are good for. I understand all this, but the scarcity would only be temporary. There is a direct correlation between mining investment and financial returns, as well as with scarcity and value, just like there is with any real world commodity. As soon as the scarcity increases value, miners will come back. For that reason I doubt it will ever reach a stale state in the first place (though I don't rule it out as a possibility). I personally think that Bitcoin and its linear blockchain is outdated technology that will be replaced in the near future by pre-mined currencies that use DAG's (directed acyclic graph) for secure transactions, such as RaiBlocks and IOTA. This single-handedly solves the three major problems holding Bitcoin back from mainstream adoption as an usable currency, those being: Ever-increasing transaction fees, high transaction wait times, and unsustainability. Bitcoin might have some sort of utility or value in the future, but it won't be as a currency.

>>6922 before anyone rushes to buy whatever that soykafcoin is keep in mind last time I saw this it was claimed that the 7ktx/s one is on a testnet they might've lied though

>>6927 I wouldn't advise anyone to invest in anything they haven't done their own research on and read the whitepaper for. I can't personally vouch for that 7k t/s number, which might be complete bullsoykaf for all know. But I've sent coins back and forth between wallets and they are nearly instant, which is pretty incredible.

Invest in stratis!

I hate that some many of you idiots are "investing" in currencies. It's retarded. I image you all in a room holding monies from different countries. Each giving each other the side eye or a shifty stare. A coin from some asian country falls out of one of your pockets. Another one of you sees it and screams "THAT COIN IS COOL, THAT ONE HAS A SQUARE HOLE IN THE MIDDLE! IT'S THE NEW HOTNESS! BUY BUY BUY!" And as you all dive to grab the coin with a square hole, you all drop other coins out of your pockets, and in turn other people try to grab those coins. When you run out of energy fighting over coins, the markets stabilize, you go back sleeping with your pockets bursting at the seams with coins. Meanwhile, outside the room, people are actually trying to buy things and sell things with coins that work well.

>>7019 Your premise that cryptocurrencies are useless is incorrect. Since the beginning (8+ years ago) bitcoin has been used for buying and selling illegal things online like drugs, guns and credit cards. It was ideal for this purpose because there is no central authority to block or reverse transactions and no way to track down the real person behind a bitcoin address if they have good op sec.

>>7021 I hope you're being semi ironic. The marketing of bitcoin insists that it will eventually be a replacement for national currencies and receives investment like it will. but the more the price of bitcoin rises the further away I am paying for my groceries or rent with bitcoin. Also any promises that this will end oligarchical oppression of banks is hallow since 95% of all bitcoins are owned by 5% owners.

Who's on the Stellar rocket?

>tfw you knew of bitcoin 9 years ago but didnt had a computer strong enough to mine it

>>7028 Nine years ago nobody was mining and you could have gotten your coins with a mid to low-end computer.

>>7026 I hope you bought the dip Lain

>>7023 >I hope you're being semi ironic. No, I am giving a point of view you may not be aware of. If something I said is factually incorrect then point it out. Don't get snarky just because your own opinions and assumptions don't line up with what I say. >The marketing of bitcoin insists that it will eventually be a replacement for national currencies What marketing is this? Perhaps the problem is you get your information from the wrong sources. I don't think it's a good idea to come here and start a fight over something someone said somewhere else. That's projection/strawman. >Also any promises that this will end oligarchical oppression of banks is hallow since 95% of all bitcoins are owned by 5% owners. You seem confused. The problem with traditional banks is not that "99% own all teh moneyz" or whatever. The problem is they can print new money whenever they want, effectively devaluing the money in your pocket right now. Bitcoin cannot be minted on a whim like that, so actually it does deliver on that promise at least.

>>7021 the black market is slowly but surely moving away from bitcoin, because it's not fully anonymous and its value fluctuates far too much. Nobody gives prices in bitcoins anyway, it's all USD or EUR. Bitcoins(or monero, or whatever) are just an intermediary for transferring the funds. It might as well be a decentralized bank.

>>7042 you forgot the fact that people can't stop your btc payments like banks can a la wikileaks blockade

>>7052 >you forgot the fact that people can't stop your btc payments like banks can a la wikileaks blockade That is, if the big mining pools, which are only a handful of actors, don't collude to do exactly that. Bitcoin isn't all that decentralized, really.

>>7054 >That is, if the big mining pools, which are only a handful of actors, don't collude to do exactly that. Just don't mention Tiananmen Square and you're fine.

>>6590 you guys never die. Strangely enough when the first bubble bursted in 2012 you weren't speaking much.

>>7102 Bitcoin wasn't a bubble in 2012. Crashes around that time were due to mtgox having zero security and/or hackers dumping large amounts of coins on exchanges.

>>1842 >what is the point Exactly. Blockchain is a meme and people are riding it harder than the dotcom craze back in the days. As someone who lived through those days, I see the same things unfolding - enormous amounts of money going into something not many understand and that is not fit, ideal or competitive for 95% of the made-up usecases. Bubbles burst.

>>7102 >first bubble >first You do know that bubbles never go one after another in one field of investing? And, as mentioned by >>7104 that wasn't a bubble Try again with your dumb replies, just keep them coming it's amusing to me

>>7021 >Your premise that cryptocurrencies are useless is incorrect. Are....you citing the wrong post? That was not what I wrote at all...

Can would someone here sell 10 bucks worth of Monero or Eth to me via Amazon gift card?

>>7118 > Blockchain is a meme Yes, I as well don't see how instant exchanges of arbitrary amounts of money between two parties anywhere in the world without middle-men, taxes or fees could be useful in the real world. I also don't see why anyone would care for things such as decentralized digital proof of asset ownership or distributed application services. It's all just me me's, like the microcomputer and the internet and the telephone device.

>>7518 >instant exchanges of arbitrary amounts of money $20 fees and 16-25 hour waiting periods are instant exchanges and arbitrary amounts? Also, we could do the same thing with other technologies not just blockchain

>>7523 >$20 fees and 16-25 hour waiting periods are instant exchanges and arbitrary amounts? You know Bitcoin isn't the only cryptocurrency out there these days right? >Also, we could do the same thing with other technologies not just blockchain Such as?

Would anyone here be selling Faircoin, Peercoin, Etc, BCH, LTC, or Monero for gift cards? I can easily get Amazon or Hannafords or whatever gift cards and exchange cash for for them.

>>7680 https://purse.io

>>7535 Crypto is fine and everything but bitcoin is a corpse meme animated by speculation. If a crypto that actially functioned as a currency were to emerge then that would be great but as i currently see it bitcoin is a serious drag on our society that wastes valuable computing power on ridiculously unstable Chuck E Cheese tokens.

>>7104 Bitcoin has been a bubble for most of its life. Bubbles are characterized by a price based entirely on speculation and expected future value with little or no basis in current use. Nobody is buying bitcoin to USE it or to SPEND it. They are buying only because they expect someone else will pay more for it tomorrow, or a year from now, and they want to make money. That is textbook bubble behavior. Well, that's not absolutely true. A small portion of the bitcoin market is buying it to use on darknet markets to purchase various illegal things. But trading and speculation has been the single largest segment of the cryptocurrency economy for years.

>>7703 Bitcoin only became a bubble when hoopleheads who know nothing about technology first became aware of it. Whenever you (>>7703) first heard of bitcoin, that will be around the time it became a bubble.

>>7713 When the original Silk Road was busted in 2013, that probably marks the point when Bitcoin went mainstream and more people started "investing" than using it as a currency.

Crypto is a sham

>>7713 The use of "hooplehead" is surprisingly accurate here, considering the particular people Swearengen applied it to, at a particular point in history.

>>7713 To be fair to >>7703, between 2013 and now is technically "most of its life". feel old yet?

Do any Lains have Litecoin, Monero, Faircoin or Peercoin they want to sell?

I want to die

>>7893 the dip should encourage you to buy not die. if i had cash id be buying rn

>>7916 He brought the dip.... https://www.youtube.com/watch?v=KV5QlSgq7lg

>>7877 Why don't you just use an exchange? And why are you messing around with dead projects like Faircoin and Peercoin?

Reminder bitcash is the real bitcoin

So I have a full node Bitcoin wallet on PC... from a few yrs ago. Back then I was playing so I did not lock/password protect my wallet. But I did backup the .dat file so if I lost it I could just restore it with ease. But now with 2017's meteoric rise I have password protected my wallet and exported new .dat files for backup... My question is can my old .dat files (made pre password) be used to access my wallet, or are they now invalid/not working files, or will these work but now require the password to use? N.b. I know of a man who has a wallet with >25,000 BTC in it but he forgot the password! - he can see em, but he can't touch them.... now thats gotta sting!

>be me >decide to purchase some drugs on the dankwob >buy some bitcoin with cash(with the intention of converting it into monero) >forget password of the wallet I used >mfw I blew $100 that I couldn't afford to lose

>>11517 >couldn't afford to lose >was gonna spend it on drugz ... get your priorities straight lainon

>>11522 Lain sounds properly sorted by my lights. She couldn't afford to lose her drug money.

>>11522 Drugs are essential necessity needed to exist and cope with western culture and society

>>11522 buy $60 of drugs sell them for $200

>>425 So quick cryptocoin newb question: What is the minimum computer to make profit (as opposed to wasting power) on alt-coin? I've thought about letting my gaming laptop crunch altcoin overnight, but I always figured that would be a net loss in terms of power and a thrashed GPU. Ideas?

>>11594 basically any coin will be garbage to mine unless you're one of the first miners.

I find it hilarious that 90% of the posts in this thread were the few months of the bullrun and when the bubble burst, lainons ran for the hills. Where are you guys at now? Too normal person-fied for a bear market. You are pathetic.

>>11717 > a bear market. Don't sell my bearsuit, Lain.

>>11735 Never

>>11717 Holds link... frequents biz

>>6164 wish i had unloaded my dash at the ath. Wouls have been 1000x gains - now only 200x feels bad... kek!

Does anyone knows a simple JS miner? hivecoin takes 30% and it is totally ridiculus. I guess it's a matter of time before we have a free/libre javascript miner!

Is it possible to turn a profit from this within a year? Not like elon musk rich, but just. Dropping a bit of cash in an up and coming coin and cash it after a year?

>>13262 basically, no

Anyone interested in cryptocoins should be pondering this question lately: Is it possible to replicate MakerDAO and their DSS ( https://makerdao.com/purple/ ) in other smart contract platforms than Ethereum? I'd pick this as the main phoenix that would rise from the ashes even if the whole Ethereum network collapsed. In my limited experience, other things you'd want to have network independent versions of: DigixDAO and their DGX ( https://github.com/DigixGlobal/dao-contracts ) This is more risky but I think the work put in by Augur and their REP ( https://github.com/AugurProject/whitepaper ) will find use even though they've had a horrible launch but this is due to their interface rather than any fundamental flaw in the system. Then pure guesses but: Status and Whisper ( https://github.com/ethereum/wiki/wiki/Whisper ) ZoKrates ( https://github.com/JacobEberhardt/ZoKrates ) There's a lot of open source work gone into the Ethereum ecosystem in general that probably can be re-applied in other world computers, in this global anarchic market there is nothing TBTF as one should expect Bitcoin and Ethereum constantly having to realize. DISCLAIMER: I've been following Ethereum development for years and lived off of the ICO boom for a long while and without doubt DAI and DGX are currently the smartest currencies any online merchant could accept.

>>1074 It's an interesting question. For the most part coins tend to track bitcoin, not 100% of the time, but generally. Of course, in crypto everything is converted back into bitcoin at the end of the day so the market will inevitably track it. Some coins will have a higher and lower standard deviation so it would make sense to diversify between those depending on your risk tolerance. If you're already in crypto though, you don't mind risk. Most of all, diversifying in crypto makes sense because a great many coins will fail, don't put all your eggs in one basket. One final note on diversification, your portfolio should, ideally, not consist entirely of crypto. It's a risky investment that should take up a small % of your total investments. Crypto should be an investment in addition to shares, mutual funds, etc.

>>13500 You're forgetting about stablecoins, coins that by design track something else than Bitcoin. Although a Bitcoin pegged coin would be possible and it'd even make sense within the Dai Stablecoin System as an instrument for shorting Bitcoin.

Could you run a bitcoin mining op out of a refrigerated meat plant or something similar? The limitation always seems to be waste heat. If you had an air-drying machine set up with the refrigeration you could stop frost and condensation screwing up the machines, but you might have to set up an "airlock" out of plastic sheets or air curtains. It's all if the coin you mine is more than power and rent, and makes the investment in stacked playstations or whatever worth it.

>>13262 soykafcoin Roulette - this way sir...

>>14818 How did you hear about Wintermute, Case?

The last post about this was in 2017, so I might as well ask again. What's a good trading service? People have been soykaftalking coinbase forever.

>>15376 Binance is the one if you wanna play soykafcoin roulette in a reasnably safe enviroment - and still 2btc before they KYC! But if you just wanna get some coin and hold then use your own wallet on your own pc and load it up using Binance - then just HODL Don't use exchanges as banks - that would defeat the whole point of crypto.

Bump because crypto aint done for yet!

>>15376 Don't bother would be my advice

>>16726 The crypto boat will be leaving again some time soon... I think it might be wise to get on board before it sails to far... The worst thing you can do is try to catch the boat once its moving! BUY LOW - SELL HIGH, or HODL till the crypto future is apon us! Currently GOLD seems to be the selected store of wealth for countries... this is all well and good but how long before it will cost less than $1trillion to send a space ship into the asteroid belt and bring back a lump of gold so large that it could devalue ALL gold on the planet. You will never be able to find more Bitcoin out there... unless aliens be mining it...

>>16895 just because something is limited/rare it doesn't mean it has value. >>16616 it's not, but the gold rush is over... people aren't that enthusiastic... and let's be honest, the whole bitcoin overvaluing thing cost its chances to have any future as an actual currency.

>>16899 >just because something is limited/rare it doesn't mean it has value. True, its value is its robust network, trust-less operation, decentralization, transferability and security. Very useful things when combined with limited supply if you wanted something to "be money"... >bitcoin overvaluing When did Bitcoin brake $1 million per coin? >people aren't that enthusiastic Thats your opportunity to buy low - if they were enthusiastic you would not be able to buy at bargain price! FUD harder CIA! (or top buyer/bag holder)...

>>16904 >robust network frequently takes 20+ minutes for a transaction to clear >trust-less operation any fool dumb enough to trade crypto is trusting the exchange totally. >decentralization a few mining pools control easily 20% of bitcoin traffic >transferability not recognized as a currency by most retailers >security people regularly get their wallets cleaned out because they had bad passwords, or even worse are unable to open their wallet because they forgot their password. stop trying to wage slave your soykaf here. Crypto is only useful to buy drugs on the internet, and even then monero and zcash are the only good ones.

>>16899 >but the gold rush is over... Tell that to India, Germany, China and Russia... Its only just begun! http://heartlandpreciousmetals.com/russia-and-china-furiously-buying-up-gold-as-a-global-currency-crisis-albeit-unstated-is-underway/ https://schiffgold.com/key-gold-news/going-gets-tough-germans-buy-gold-germans-buying-gold/ https://www.thehindubusinessline.com/money-and-banking/rbi-buys-846-tonne-of-gold-in-fy18-first-purchase-in-9-yrs/article24855207.ece The way things are going, you won't be safe with doller$ in a shoe-box or bank.

>>16906 >takes 20+ minutes Currently has no issues with jamming/ques, 0 conf (which is ok for most small stuff is very fast) If your that in need of speed - there is Ripple... Cryptos are not just Bitcoin - but You gotta love the OG. >trusting the exchange Do you even Crypto - you don't need to use exchanges - you can dip into them to "load up" if that makes it easier for you, but hold on your own wallet or be schooled at some point in the future. >control easily 20% of bitcoin traffic Opposed to banks who control 100% of your money. - This will get better as the need arises - because the holders will do all they can to mitigate an attack - even if it means switching up the bitcoin protocol. >not recognized as a currency by most retailers Amazon gift card should cover a fuarrrk ton of your shopping needs. Its just the current state of play, will get better with time. Like saying the world market for PCs is 8 (IBM ages ago). >wallets cleaned out because they had bad passwords What can I say - maybe MS Windows is problematic because people keep loosing their password, or maybe police stations just leave postit notes with user name and password on the side of the monitor... its just time before people use computers properly... and here on this board, we should all be able to handle our digital soykaf. Not a reason for bitcoin to not move forwards. >monero and zcash Sure there are several cryptos that can perform different tasks and use cases - but the day decentralized exchanges bless the cryptosphere all coins will effectively do all things... Why you not see the future? Average life of a Fiat currency is 20yrs... wage slave me why is centralized fiat the better solution? If not then why are you so anti crypto? I don't recommend ANYONE go all in - at this point I would say $50 on each of the 5 top/blue chip cryptos would be a good future cover without much exposure/risk. What those 5 cryptos are is debatable but I will say Bitcoin and Etherium are a good start...

Bitcoin is co-opted but I can't tell if Bitcoin Cash is a scam or not. It certainly works where as Bitcoin doesn't work without corporate outside lightning networks.

I'm currently working on launching a coin of my own. ICO's are dead, I guess we can agree on that. IEO and STO's are the next big thing. Now I've got offers from several exchanges willing to host my tokensale, the biggest so far being https://latoken.com/ According cainmarketcap among top 20 exchanges last I checked. We all know the volumes are faked. Which leads me to my questions. Is Latoken big enough to handle a ~5mil sale? Which exchanges aren't fake and worth aiming for?

>>16948 >a coin of my own wage slave me (only because you are Lain) - what does it do that any other coin does not? What problems have you solved or addressed?

>>16950 Glad u took the time to address my questions. I also enjoy animu

>>16952 Well as far as im concerned most lesser exchanges are for pump n dumps... I do not know the one you speak of - but seroiuls are you thinking you will be needing 5million of liquidity in your startup coin? In which case it must be good or have some good quality - wage slave me it! (Or do you plan on pump n dump your own $5 mill cut?) If you have something show something...

>>16953 > Well as far as im concerned most lesser exchanges are for pump n dumps... yeah thats what worries me. if their volumes are fake than there aren't enough users to buy in. So anything but top 10 just doesn't qualify. Have some material on that topic https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf > 5million of liquidity in your startup coin? No, according to financial forecast I only need about 3 and probably less. Hardcap is around 9mil unless I get that partnership i've been working on for the past weeks. Then we might reconsider token metrics. So far I got several investments lined up and they are just waiting for me to finalize. So about 1mil from private investors secured. To really have an impact 9mil would be optimal. > In which case it must be good or have some good quality - wage slave me it! Well, we try eh. Sorry pal but don't wanna draw too much public attention to the project before all contracts are signed. Dont wanna look like a fool if it doesnt work out. If I actually get some advice from this board that lands me an IEO on a top 10 exchange, I swear I'll post it here.

>>16954 Its so hard to answer your question as i doubt anyone hear has tested the liquidity of an exchange to the tune of 1million +.... But you can assume ALL exchanges pump the volume and tether is also something that can/will throw the real liquidity off... Your talking about a top 20 exchange so not right down the list, but the drop off after the first few is HUGE! You might be able to test ~ $10k withdraws using say dash (a coin with enough use and liquidity but not obviously stocked by exchanges as much as say bitcoin or eth... very much depends on your financial position. Note how long such transactions take - are they panic buying to cover the order? or did it go through straight away... test with withdraw to cash and test with a direct dash withdraw to your own wallet... seeing if they are both cash and coin liquid? Don't know what else to advise - still very interested in any work a Lain does - so when you feel the time is right please let us know the details of you coin... N.b. Lainchan is quite far from public... all 6 of us promise not to tell!

>>16955 That's actually not a bad idea. I'll leave some breadcrumbs then. Just got word from this major university. My contact is currently traveling but will get back to me shortly about the partnership we discussed. Altho not directly related, Microsoft is one of the few financial supporters involved with the university and the project we are on. Furthermore, I befriended the head of the risk assessment department of a top 5 investment bank in switzerland. She agreed to forward the project to the right persons as a favor if I get the university to back me up. Ofc there are plans A to Z and the SEC still has to play along too. Our lawyers are paid and ready to tackle the SEC commissioner once I confirm university deal. I plan to double chain it with TRON once we are established. Not even the board of directors knows about this. Lain exclusive content right here. Once and if we succeed I'll post a picture of the university logo with a link to the project. If we fail, I don't need the tokensale. We could launch it from lain and still create a profitable ecosystem for us.

>>16960 Thanks for the bread crumbs... Of course I am more interested about the tech than the partnerships, TRON is interesting - I hope this all goes well for you. If at any point you feel you can say more - my eyes will be here from time to time!

>>16908 >Why you not see the future? Average life of a Fiat currency is 20yrs... wage slave me why is centralized fiat the better solution? If not then why are you so anti crypto? m8 I'm anti money, and crypto is like money but with all the bad things turned up to a million.

>>16971 >anti money An interesting stand... how do you propose one man exchange his skills and time with another man who has a differing skill set? > crypto is like money but with all the bad things turned up to a million. What are the bad things? - remember crypto is more than just BTC.

>>425 Can you feel the wind...

>>17127 $7200 and rising!!! It's Habberning again!

>>16979 We can assume Lain believes in either barter or mutual aid systems (which are not the same thing). Your questions seem to suggest you think currency isn't an invention but a system bestowed upon us by God.

>>17163 Barter was replaced by a store of unit value because barter is only exchangeable with goods of your direct need... I.e. I have 12 tomatoes, I need a car fixed, I better hope the mechanic a) likes tomatoes and b) needs 12 at this time. As for mutual benefit it becomes near impossible to work on projects bigger than a few good men... How do you mutual benefit something into existiance like computers... IBM predicted world market of 6?

>>17169 > As for mutual benefit it becomes near impossible to work on projects bigger than a few good men. As far as I understand it, that's the whole idea. Not just a few good "men" though.

>>17169 >How do you mutual benefit something into existiance like computers. some people are motivated by things other than their immediate comfort. I know I am.

>>17177 > immediate comfort The bringing about of computers has so many stages removed from your or anyone you interact with (think 1940s/50s) life and realization of what they can bring that I doubt you would be all up for spending x% of the nations GDP on the project. I doubt you would convince enough people that would have the vision to get such a big project off the ground... it works for things like software where people can chip away at it from any location and handling the bits they can do... But for big physical abstract things less so... You could probably do a dam or a sea defense tho...

>>17175 >Not just a few good "men" though. were you suggesting that groups would be larger or were you suggesting i was using the term men to exclude women? Point 1) you will never scale to projects like Large Hadron Collider and never allow such specialist skills to develop - because they are so useless outside such a small demand (but totally irreplaceable) once in a lifetime/planet/location situation. You will end up getting small tribal groups - maybe a city might get together and work as a mutual, but i bet many will exploit the situation and probably to demise. Point 2) "men" was meant as in Mankind, not as in NO WOMEN!

>>17156 $8600 checking in... 20% gainz in just over 2 weeks!

Do any of you have experience with trading bots? Is it easy to be consistently (if not fantastically) profitable?

>>17477 generally bots are about as profitable as using your eyeballs, with the advantage that you don't have to sit at your PC and stare at graphs all day. just try to encode your normal trading strategies into a program.

>>16960 Today we finally decided to crowdsource the development process. Any lains out for a bounty?

>>17527 Sure, got an email and PGP key?

>>17531 Click my name and send me your git repo or smth

>>17399 Just like to report we are categorically OVER 9000 !!! once again...

>>17761 And now we pass $10k... Your probably gonna wanna be getting on this train.

This kind of attitude is actually pretty deleterious to cryptocurrency. The metric for success shouldn't be price or market cap. It should be how strongly it's tied to goods and services. As it is, it's still very strongly tied to speculation and mining schemes. Which are both huge risks for cultural centralization, if not structural centralization. For this stuff to actually help the world, it needs to be used as something more than just a big dumb asset that you hoard, sit on for a while, and hope that somebody else will buy it for more (usually fiat) money later. Hyping up and celebrating surges in value just drive that kind of behavior even more strongly. Of course we want it to be strong and valuable, but that's not the most important factor. I know that among real enthusiasts and early adopters--a lot of y'all probably don't just treat it like a get-rich-quick investment scheme. There are certainly exceptions; people who use it properly and give it real hope. But right now that type is statistically nonexistent compared to the vast amount of people just speculating.

>>17810 Considering lainchan's culture I thought people would care about privacy. Bitcoin is less private than bank accounts and credit cards; I see it as a tool of surveillance. I'd only consider "crypto" a success if Monero succeeds, as it is basically impossible for Bitcoin to stop being a weapon of mass surveillance. It's like a trojan horse against cypherpunks

>>17814 monero has succeeded. You can go buy drugs with it right now.

>>17814 Transactions and balances can be viewed with BTC, so what? Its easy enough to keep the addresses separate from your identity.

>>17814 >Considering lainchan's culture I thought people would care about privacy. Bitcoin is less private than bank accounts and credit cards; I see it as a tool of surveillance. Quite right. Any blockchain is based on the idea of mathematically provable transactions. The metadata of those transactions simply cannot be anonymized, just obfuscated. Frankly, the only reasonably-anonymous choice for payment is fiat cash in an economy where individual banknotes and coins are not routinely actively tracked. >>17816 >Its easy enough to keep the addresses separate from your identity. It *was* easy enough. I suspect that's changing. I work for a company in a G7 nation, that's involved in major structural renovations of secure facilities for both private financial and governmental organizations. In the past year or so I've seen a *lot* of floor layout plans for big secured rooms with lots of desks and chairs labelled "CRYPTO". If they were just mining, they're be doing it in secured server rooms in sites with cheap electricity nearby. But several dozen desks in secured rooms labelled "CRYPTO" in practically every renovation plan in super-prime-real-estate buildings with high electricity prices? That screams "active human monitoring and investigation" to me.

The thing is the dream of anonymous payments and stuff has almost died. I think the real question here is how we develop and support a system of transactions that inherently can't be de-anonymized - at least non-trivially - and can be used to everyday transactions. Part of cryptocoins' pitfall is the way transactions are handled in the blockchain, but the main thing is how it is mapped to real currency. This eliminates every chance of an alternative value system since we then get to play the game of the current economy.

>>17823 I feel crypto coins are like elements In the periodic table. Each one a different property e.g. monero, btc, eth, iota, ripple, etc. You won't need 1000s of blockchains just a good selection of property's to trade between. (I.e. no copies or intherior designs lookin at you lite coin & dash.) This requires decentralized exchanges but once in place you will be able to move your wealth in any way you need. Like how a few base elements can create a near infinate combination of materials. So btc being traceable will be easly negated by a move to Monero and back.

>>17816 feds are all over BTC. Buy at an exchange? Every wallet those coins touch will be watched. Same with all the people who sell it with cash on lbc or something. Only reliable way to have anonymous BTC is with tumbling. And then you are trusting the tumbler completely to not sell your info. >>17843 correct, although ime it's better to just buy monero and use xmr.to or morphtoken while hiding behind tor.

>>17816 >Its easy enough to keep the addresses separate from your identity. Absolutely false. As soon as you spend any of it, like buying something from an online store, your address is linked to your identity. That address is linked to any other addresses that have touched each other on the blockchain. You'd have to somehow buy fresh coins with cash constantly and keep every transaction separate - not practical at all. The person you buy those shady coins from will probably be a drug dealer or something too, so when you try to spend them you could be flagged as suspicious and get audited which ruins your privacy (even more likely with tumblers like wasabi)

PRIVACY 👏 IS 👏 MANDATORY 👏 IN 👏 CURRENCY

>>17860 Privacy is kind of fundamentally impossible with blockchain tech, though. I mean the whole essence of it is a big record of what everybody has ever paid, and to whom. Right? Sure, usually attempts are made to keep it as anonymized as possible, but in our modern day of huge seas of leaky data silos and ML algorithms made for fingerprinting and de-anonymizing massive swaths of user information... It's not really possible. There are professional blockchain detectives out there now, and they're pretty damn good at sussing out who made what transaction on the blockchain using various tools. Even when multi-layered efforts are made to obfuscate the user's real identities. There's a pretty good episode of super tech support which touches on it briefly. That said, at least there is effort to keep it as safe as is practical to make it. Some coins are doubtlessly better than others. Fifty bucks says Libra is going to be a zero-privacy data-siphoning nightmare. It would be shocking if that company ever made anything that wasn't. It's kind of their whole schtick--I can't believe there are probably going to be billions of rubes out there who decide to trust libra in the complete absence of reason.

>>17862 >Privacy is kind of fundamentally impossible with blockchain tech, though. I mean the whole essence of it is a big record of what everybody has ever paid, and to whom. Right? Exactly right. Everything is in plain sight in a true blockchain system. Let your natural and healthy skepticism guide you through the storm of cryptocurrency marketing BS.

>>17862 well, it is possible to obfuscate sender-receiver information with relatively strong guarantees. Obviously it is not possible to have true anonymity on the blockchain just like it is impossible to have true anonymity with a low-latency packet switching network. But you can get pretty good.

zero knowledge proofs are a think. privacy is possible in crypto

>>17874 Assuming that these kinds of techniques truly won't leak ~any~ knowledge or metadata or anything that couldn't be unmasked using bulk data might prove to be a kind of hubris. It will take a lot of real-world testing and genuinely motivated antagonistic attack to determine if it's something that's practical or possible. The question 'can software ever be truly secure' is still basically unanswered, and I think our governments have a bunch of techniques to get through the best stuff we civilians have at the moment. They have rubber-hose techniques to get backdoors put in everywhere and other kinds of access using traditional power in the real universe, and I think us internet people always underestimate that kind of power. It's just a question of whether you attract their gaze and they turn the eye of Sauron on you, so to speak. That eye gets a wider FOV every day thanks to the efforts of technology. I'm beginning to think it might be a one-way street; that technology always makes the world more secure and profitable for the few but more surveilled and miserable and exploitative for the many. Maybe you really can't tear down the master's house with the master's tools.

>>17820 I think the proposal in deus ex might become real. "credit sticks" acting as cryptobased real world goods to make transactions offchain. As for the anonymity concerns of the blockchain itself - bank secret has been dead for a while now. Not really doing much worse with crypto.

>>17870 Literally not true. Monero is a completely private blockchain. The bullshitter is you.

>>17894 https://arxiv.org/pdf/1812.02808.pdf There are ways. There have been flaws in the past that unmasked about 80% of the transactions, and there will always be zero days in the future. And this doesn't even cover stuff that the government might have on it through their various nefarious methods; vulns that will be kept away from the devs as state secrets. Monero in particular has been under DHS's scope, and it wouldn't be wise to discount it as impossible for them to find some direct or side-channel way to get to users. Don't underestimate state actors.

>>17895 This paper is old hat. They've bumped minimum ring size to 7 since then. >And this doesn't even cover stuff that the government might have on it through their various nefarious methods; vulns that will be kept away from the devs as state secrets. Monero in particular has been under DHS's scope, and it wouldn't be wise to discount it as impossible for them to find some direct or side-channel way to get to users. Don't underestimate state actors. Welp, that's it, guess we should all give up on technology. It's been a good run! Seriously though, you could say the exact same soykaf about any technology. TLS, GPG, whatever. It's absurdly defeatist.

>>17895 and I will emphasize again: IF THE GOVERNMENT HAD THOSE VULNS, THE ENTIRE DARKNET MARKET WOULD NOT BE ABLE TO EXIST, BUT IT DOES *maybe* the NSA or CIA have them, and just aren't giving them to the feds. That's not really a cause for alarm if you're american though, cuz the feds are the ones who will bust down your door. CIA are probably the ones importing all the fent in the first place to be honest.

>>17898 > CIA are probably the ones importing all the fent in the first place to be honest. People seem to have forgotten about the Contras. https://en.wikipedia.org/wiki/CIA_involvement_in_Contra_cocaine_trafficking

>>17897 Honestly, yeah, I say we should give up on technology for a while. It is fuarrrking killing us. Both spiritually and--as climate change continues to ramp up--literally. This may be defeatist (if you only think of the world through the lens of technology), but it's also pretty much impossible to design properly secure software in the face of a well-funded attacker. FC freedom club, buddy. Man with technology is like an alcoholic with a barrel of wine. There are other things to do in life, y'know? And the fact that darknet markets exist doesn't mean the government doesn't have some backdoors here and there. It's mainly about resources; you better believe they're busting some of the bigger players. And they might become much more resource-efficient in the future, able to process more data, and start coming after smaller fish. And really? Old hat? It's from January of this year. Do you think that's enough time to declare that since the latest patch the software is now perfectly safe, no further zero days will exist? That's idiotic. Some crypto people will believe anything.

>>17895 "and an untraceable amount of monero"

>>17912 Sorry, "and an unknown amount"