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1
Posted on 7/26/17 at 10:10 pm to LSUregit
quote:
What's your latest thoughts on IOTA?
Long road ahead. Not for the speculators looking to turn a quick buck here, not that there's anything wrong with that.
Generally speaking, I think there's room for two distributed ledger protocol winners. One that is synchronous & is strongest in C + A of CAP theorem vs. another that is asynchronous & is strongest in A + P of CAP theorem.
This post was edited on 7/26/17 at 10:15 pm
Posted on 7/26/17 at 10:28 pm to SpaceX
Anyone out there you're betting on now? Who's CAP consitent & Available?
Posted on 7/27/17 at 9:10 am to SpaceX
Do you not even foresee any point where Ethereum goes back to the 300-400 range?
Posted on 7/27/17 at 11:37 am to Vicks Kennel Club
quote:
Anyone out there you're betting on now? Who's CAP consitent & Available?
Sorry, I was unclear in what I tried to say. I meant to say that there's room for one CA protocol, and one AP protocol. Every blockchain protocol is CA, by definition.
quote:
Do you not even foresee any point where Ethereum goes back to the 300-400 range?
I'm not good at the short term price thing. It's already been to $400, so I guess there's no reason it can't go to that same level again? People clearly aren't looking at fundamentals. The current "greater fool" trading could take it up to $1000+ for all we know. Classic irrational exuberance over a brand new technology that almost nobody understands.
This post was edited on 7/27/17 at 11:39 am
Posted on 7/27/17 at 8:37 pm to SpaceX
Ok Lamboland, I just bank wired $10k to Kraken so wtf should I do?? 
I got emails from Coinbase about not supporting BCC and they're talking about forks and disruptions and you guys are talking about futures being down on BCC, ETH being $5 etc.
So do I wait until Aug 1st to start buying and what would you guys buy if you had $10k to spend? Or if Aug 1st turns into a big nothing am I already gonna be too late and have to buy way too high?
I got emails from Coinbase about not supporting BCC and they're talking about forks and disruptions and you guys are talking about futures being down on BCC, ETH being $5 etc.
So do I wait until Aug 1st to start buying and what would you guys buy if you had $10k to spend? Or if Aug 1st turns into a big nothing am I already gonna be too late and have to buy way too high?
Posted on 7/27/17 at 8:41 pm to SpaceX
(no message)
This post was edited on 1/10/21 at 6:40 pm
Posted on 7/27/17 at 9:06 pm to The Baker
Yeah, that's the one I was referencing in my post above. What's your take, wait till Aug 1 to buy ETH/BTC/etc or?
Posted on 7/27/17 at 9:09 pm to The Baker
F'n coinbase. 8 hours of "Pending" to move some BTC to another wallet, today. 
Still waiting.....
8/1/17 will only be a blip. Like 1/1/2000, which while nothing drastic happened, still paralyzed people.
Buy while people are fearful and prices low
Still waiting.....
8/1/17 will only be a blip. Like 1/1/2000, which while nothing drastic happened, still paralyzed people.
Buy while people are fearful and prices low
This post was edited on 7/27/17 at 9:15 pm
Posted on 7/27/17 at 9:15 pm to Sho Nuff
(no message)
This post was edited on 1/10/21 at 6:40 pm
Posted on 7/27/17 at 9:16 pm to Bullfrog
(no message)
This post was edited on 1/10/21 at 6:39 pm
Posted on 7/27/17 at 9:18 pm to The Baker
ETH is still 1/2 price. LTC looks good. VERI is impressive too.
Posted on 7/27/17 at 9:34 pm to The Baker
quote:
If I own Bitcoin, do I automatically own Bitcoin Cash too? Yes. Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of Bitcoin Cash as you did Bitcoin at the time of the forking block. However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.
From your link. So if I buy BTC before Aug 1, it sounds like I would get the same amount of BCC. But, they are splitting the % between them it seems as someone posted when talking about CB not crediting BCC
quote:
Not crediting BCC will cause a significant risk to the exchange. If they don't credit, tons of people will have to pull their coins which will also empty their order book increasing the odds of a "flash crash" type of event.
Also, anyone who leaves their coins on Coinbase will lose money. Let's say BCC gets 10% of the value and BTC gets 90% after the split. If your coins are on Coinbase they will drop in price by 10% and you won't get the corresponding value on BCC coins.
So you're not doubling your value, it's still 100% it just depends on how much % goes to BTC and BCC if I'm reading that correctly.
I guess my question is what do I need to do to ensure I get BCC if I'm able to buy BTC by Aug 1 through Kraken. Kraken is an exchange, right? SO does that mean I need to store the BTC in a wallet and I automatically get BCC? This shite is too confusing.
ETA: Is Exodus a good wallet or should I look at something else?
This post was edited on 7/27/17 at 9:48 pm
Posted on 7/27/17 at 9:49 pm to Sho Nuff
Just store it in your own wallet and you're good to go.
Posted on 7/27/17 at 9:52 pm to Sho Nuff
Exodus is an easy wallet but it only works on one device as it stores locally on your machine. I do use it to convert BTC to other Alt Coins. Very slick interface.
Posted on 7/27/17 at 9:56 pm to Bullfrog
So which wallet do you use for HODL?
If you are actively trading then you need to have it with an exchange, right? I was thinking of buying ETH or BTC once my USD gets to Kraken and then depositing it to Polo. Is that the right way to do things or I can just stay with Kraken and exchange. Or can I use Exodus too? So confused. Reading about hot and cold wallets, holy shite so much to learn. I think I was going to Polo because someone mentioned they have a lot of currencies.
If you are actively trading then you need to have it with an exchange, right? I was thinking of buying ETH or BTC once my USD gets to Kraken and then depositing it to Polo. Is that the right way to do things or I can just stay with Kraken and exchange. Or can I use Exodus too? So confused. Reading about hot and cold wallets, holy shite so much to learn. I think I was going to Polo because someone mentioned they have a lot of currencies.
Posted on 7/27/17 at 10:10 pm to Sho Nuff
I trade in Polo
Some people use myetherwallet to hodl on paper wallet (you'll need a QR code reader to be practical) or to a USB or the safer Trezor.
All that is much easier to say than do when you are starting out.
This stuff is like learning Mandarin. Good luck.
Some people use myetherwallet to hodl on paper wallet (you'll need a QR code reader to be practical) or to a USB or the safer Trezor.
All that is much easier to say than do when you are starting out.
This stuff is like learning Mandarin. Good luck.
Posted on 7/27/17 at 10:15 pm to Bullfrog
It seems I can buy ETH and BTC on Kraken so that's what I may do when the bank wire I sent is there, especially if I'm gonna buy before 8/1. I guess from there I can go into Polo to buy things like GNT. Then once the dust is settled I need to store it safely and I'm guessing since Exodus is local that's not as safe as Nano or Trezor but then if I wanted to trade again, I have to get it from the wallet right? And I'm guessing that takes time. Is Exodus quick to get coins available for trading do you know?
Posted on 7/27/17 at 10:28 pm to Sho Nuff
Exodus is pretty safe if no one can sit down at your computer. I've found it fast to move to other exchanges and wallets.
I'd convert my USD asap after it lands. I don't use kracken but it's probably fine. The thing about storing your coins offline is you have your coins and your private key. Nobody knows if the exchanges are really storing 1 BTC in your account or sharing your private keys, engaging in fractional reserves and spending the rest. They aren't supposed to but no one knows.
I'd convert my USD asap after it lands. I don't use kracken but it's probably fine. The thing about storing your coins offline is you have your coins and your private key. Nobody knows if the exchanges are really storing 1 BTC in your account or sharing your private keys, engaging in fractional reserves and spending the rest. They aren't supposed to but no one knows.
Posted on 7/27/17 at 10:41 pm to Bullfrog
quote:
I'd convert my USD asap after it lands. I don't use kracken but it's probably fine.
That's the plan. Polo doesn't take USD and Kraken was the only one that works with Hawaii other than Glidera which is a PoS. So I'll get the USD turned into BTC and/or ETH and then deposit into Polo.
quote:
The thing about storing your coins offline is you have your coins and your private key. Nobody knows if the exchanges are really storing 1 BTC in your account or sharing your private keys, engaging in fractional reserves and spending the rest. They aren't supposed to but no one knows.
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