wachtwoord
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Everything posted by wachtwoord
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The latter. Ethereum is at least 100 times overvalued (and 99% of the alts are worth nothing st all) so it's all 1 giant crapshoot.
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Not to argue that merits of technical analysis, but you might want look at a BTC chart. Alternatively, build your own if you also want RSI and moving averages. SD Technical analysis on a value investing board? Mayorly undervalued is mayorly undervalued.
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Precisely Liberty, the thread is about crypto currencies. The vast majority of ICOs are NOT cryptocurrencies. Another example of a large digital asset which is not a cryptocurrency is Ripple. The major cryptocurrencies such as Bitcoin, Litecoin and Monero are completely unaffected by this.
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You are very wrong. Complete non-event on everything legitimate. Rest is not relevant anyway.
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Why do you think that's interesting news? Boring as hell and a complete non-event (wrt Bitcoin that is. I'm sure this sucks for scammers out there).
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As I keep saying she's asking the wrong question (s) and focusing on the wrong part of the answers. I mean the article I cite even answers that question. But don't invest in things you don't understand. Her questions shows she does not (and is not closer or on any sort of track)
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Go back some pages to January and read the paper I shared here. I'm sorry but you don't seem to understand any of this. Try to figure out why gold has value (don't try to value it!) and you might get somewhere.
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If you invested this much time into researching the crypto space and you think ethereum is (or "might be") more valuable than bitcoin then the crypto segment definitely lies lies outside your circle of competence.
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Lol @emily "not sure what problem it solves, except store of value." You're hilarious ;D
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The market is insanely wrong here by about 2 orders of magnitude.
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Emily, if you run bitcoin core, it downloads the whole blockchain.. "Bitcoin Core initial synchronization will take time and download a lot of data. You should make sure that you have enough bandwidth and storage for the full block chain size (over 145GB)" If you do run bitcoin-core, I think you only need to back up your wallet address and private key to preserve your account. That takes almost no storage space at all. But if you lose that you lose all your bitcoins. Exactly, backup the wallet.dat (but not online this is your money!...). Of course you need to download the entire blockchain otherwise you can't verify anything. Thin wallets (or exchanges) are for people that like trusting third parties only in exchange for some convenience.
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Simple, what you refer to as "Wallet apps" are not wallets. Run Bitcoin core, control your own keys: https://bitcoin.org/en/download
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It's safest to assume all ICOs are scams or very bad investments. A waste of time to spend your time reading about.
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Did you not read the research I shared here a few weeks ago? Ethereum is 2 orders of magnitude overvalued. Both these are true: 1. Smart contracts are an interesting technology. 2. Ethereum is a horrible investment at today's prices (or at any recent price.
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My advice: use 2-factor authentication (with 2 independent factors. SMS is generally non-secure). Secondly I'd advice to keep any funds on the exchange only for the duration of the trade and withdraw it right after. This also mitigates counter party risk (exchanges have stolen or been hacked themselves relatively often). Assuming you use a strong password on both the exchange and your email account the most common attack is social engineering: the hacker contacts a 3rd party (email provider or exchange) claiming he's you and that he wishes to change his password. For your email pick a third party who's least likely to cave for such a social engineering attack (? Any idea who?) or run a email server locally yourself (of course that increases the likelihood of the mail server itself getting hacked as e.g. google is better at security than you are). Mitigating social engineering attacks is difficult. Don't become a target by keeping your affairs private.
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No. Processor speed is not the limitation here. The cause is economical rather than technical. To provide security without the need for third party trust the cost needs to be sufficiently high. This is only achieved through limiting the resource (throughput). Simple supply and demand.
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That is bullshit. The transactions speed is very high but you need to offer a sufficiently high fee to be taken up in the next block. If you pay less you'll need to wait your turn. But the other cryptos are no solution because your transaction might be included cheaper in the next block, the level of security, censorship resistance and distribution of the network is orders of magnitudes lower. There's no such thing as free lunch and you need to pay up. If you do Bitcoin is faster than any of them.
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Some server? ::) This is what I meant with talking about something you don't comprehend in the slightest.
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Why would I be concerned? Don't touch Tether with a 5-foot pole and you'll be fine (it's 100% a scam). The theory is that they are “printing” thether out of nothing and using it to buy bitcoin, thus inflating the price of bitcoin far above its actual demand. I’m not sure how much of the bitcoin demand is tether related, but long term it means nothing either way. That's only the Thether Bitcoin price. Not USD/BTC. It has no effect other than some fools parting with their money.
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Why would I be concerned? Don't touch Tether with a 5-foot pole and you'll be fine (it's 100% a scam).
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Lol @Cardboard. All he said is he wants to withdraw from a 3rd party holding his money because they got hacked lost month. Look, you don't have to be a fan but continuing to share your opinion on something you very obviously do not understand (or wish to understand) derails a legitimate thread.
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I don't think many smart people are deluded by fiat currency. Most know that one of the safest currencies, US Dollar, has lost 90% of its value over the last 100 years. Many others have lost 100%. I think you're very wrong on that one. Either that or you are far far stricter in your use of the term 'smart' than the generally accepted use of the term.
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Exactly how I feel about fiat currency. But then extend the (far larger) group of smart people with a whole bunch of stupid and mediocre ones.
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I can call the shit I took in the morning 'gold cash' but that's not going to make gold reproducible is it? ;)
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Your lack of understanding is causing you to think it's fragile While it's actually anti-fragile (and has proven to be so over the years). I advice you to either increase your knowledge or choose to let this opportunity to pass you by. If you choose the former start by understanding that whether something is physical is not relevant. What is relevant is whether something is scarce, ownable, divisable, durable, non-reproducable, etc. The funny thing it's better able to do that than the best known physical store of value (gold).