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Forum ยป MISC Crypto Crew (MCC) Vol.4: Bitcoin Wars Episode IV: Revenge of the Core
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Thread: MISC Crypto Crew (MCC) Vol.4: Bitcoin Wars Episode IV: Revenge of the Core

post 1536754081 12-06-2017, 07:30 PM
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#7501
  1. EasTexan
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Originally Posted By GNHun⏩
BTC couldn't break $14,400 for about an hour or two, so ppl are selling. It'll be back for another try before the weekend.
Yep, watched that wall for awhile. Also shooting back up already... people just buy it back up in the dips.
post 1536754191 12-06-2017, 07:32 PM
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#7502
  1. Rangerz91
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Originally Posted By FatalTragedy12⏩
This is incorrect. The hashing algorithm designed by the IOTA foundation (known as CURL-P) is lighter than Scrypt/SHA-256 etc. and doesn't require a rack of 50 GPU's to perform PoS - this is why IoT devices can actually use it. Also, in an IOTA transaction, there is no mining competition involved. With IOTA, the only work that is done is PoS to confirm your transaction (and your own CPU executes a portion of this). Therefore, the hashing power required at the specific time your transaction is executed is exactly what is required - no more, no less. In a Blockchain with a mineable coin like Bitcoin, hashing power is continuously added because there is a chance the miner will profit (and it benefits them to have more hashing power) and all miners are continuously alive. To execute a Bitcoin transaction requires about 26 kWh of energy, enough energy to power a 2 person household for a single day.

Tl;dr - there is still energy consumption, but not as bad as Bitcoin and many others.
It's still PoW. Your N number of GPUS/ASICs (figuratively speaking) and resulting x hashpower is just spread out across the network. There will be some efficiency gain over a system like bitcoin, but I haven't seen any numbers on that.
At the end of the day it will be comparable to other PoW systems like you said.
Tokyo Brah
University of Texas Brah
IT Brah/CS Brah
post 1536754231 12-06-2017, 07:33 PM
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#7503
  1. Luc1fer
  1. Luc1fer
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Originally Posted By EasTexan⏩
Yep, watched that wall for awhile. Also shooting back up already... people just buy it back up in the dips.
If we've learned anything about BTC recently, it's buy the dips because it recovers quickly and creates a new ATH.
๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–

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post 1536754321 12-06-2017, 07:34 PM
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#7504
  1. Luc1fer
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Originally Posted By 2020Wellness⏩
Ya, dollar values are only relevant if you're cashing out at that moment.
$ value is all that matters. Beating BTC is just a side-show.
๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–

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post 1536754391 12-06-2017, 07:35 PM
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#7505
  1. Dota2Brah
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brahs, i dont know if you have tried bitmex, but it is addicting. try it out with small amounts and use huge leverage. it's so fun.
post 1536754421 12-06-2017, 07:35 PM
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#7506
  1. EasTexan
  2. Joe Soap
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Originally Posted By Luc1fer⏩
If we've learned anything about BTC recently, it's buy the dips because it recovers quickly and creates a new ATH.
Yep, I bought another $500 more at 13.7k..yolo
post 1536754471 12-06-2017, 07:36 PM
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#7507
  1. FatalTragedy12
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Originally Posted By Luc1fer⏩
If we've learned anything about BTC recently, it's buy the dips because it recovers quickly and creates a new ATH.
There's going to come a point when BTC actually does the opposite of what it set out to achieve - stifle cryptocurrency, technological development and become centralized. Satoshi will roll in his grave at that point.

Wall street is winning.
*Misc Surgeon*--*Admin neg survivor*

Don't have $100 squat shoes and a 10 cent squat - Louie Simmons
You go looking for the Shaolin temple, the Shaolin temple doesn't go looking for you - Louie Simmons
post 1536754621 12-06-2017, 07:38 PM
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#7508
  1. Silencespeaks
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Post deleted by user
post 1536754811 12-06-2017, 07:41 PM
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#7509
  1. drLihp
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are prices always lower on gemini compared to gdax or does it vary
post 1536755101 12-06-2017, 07:44 PM
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#7510
  1. GabrielNovar
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  1. GabrielNovar
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and eth fan boys getting littttttttt
post 1536755161 12-06-2017, 07:45 PM
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#7511
  1. jamalfudge
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Originally Posted By drLihp⏩
are prices always lower on gemini compared to gdax or does it vary
They vary because it takes time to catch up to each other
#
post 1536755261 12-06-2017, 07:46 PM
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#7512
  1. Dota2Brah
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i dont get why ETH is like the cuck coin. when everything else rises, it seems like people sell ETH for the other coins rofl.
post 1536755461 12-06-2017, 07:48 PM
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#7513
  1. Luc1fer
  1. Luc1fer
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Originally Posted By Dota2Brah⏩
i dont get why ETH is like the cuck coin. when everything else rises, it seems like people sell ETH for the other coins rofl.
Not really, ETH is down pretty much the same as other coins. People trade everything for BTC bull runs.

Meanwhile....

๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–

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post 1536755521 12-06-2017, 07:49 PM
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#7514
  1. GabrielNovar
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Originally Posted By Luc1fer⏩
Not really, ETH is down pretty much the same as other coins. People trade everything for BTC bull runs.

Meanwhile....

litecoin like driving a prius. I ain't wanna be seen in that ****.
post 1536755841 12-06-2017, 07:52 PM
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#7515
  1. KillahJon
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Originally Posted By GabrielNovar⏩
litecoin like driving a prius. I ain't wanna be seen in that ****.
btc is like outdated shytty aapl products.....LTC > BTC!!
post 1536755871 12-06-2017, 07:52 PM
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#7516
  1. Luc1fer
  1. Luc1fer
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Originally Posted By GabrielNovar⏩
litecoin like driving a prius. I ain't wanna be seen in that ****.
Store of wealth = Bitcoin
Everyday transactions = Litecoin
Smart/trusted contracts = Ethereum
๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–

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post 1536755921 12-06-2017, 07:53 PM
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#7517
  1. FatalTragedy12
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Originally Posted By GabrielNovar⏩
litecoin like driving a prius. I ain't wanna be seen in that ****.
It's a pretty functional Prius though. I was moving funds around in Litecoin when everything else was f*cked yesterday.
*Misc Surgeon*--*Admin neg survivor*

Don't have $100 squat shoes and a 10 cent squat - Louie Simmons
You go looking for the Shaolin temple, the Shaolin temple doesn't go looking for you - Louie Simmons
post 1536756051 12-06-2017, 07:54 PM
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#7518
  1. BostonRockets
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Originally Posted By GabrielNovar⏩
litecoin like driving a prius. I ain't wanna be seen in that ****.
thats the perfect analogy lmao
Death is impossible for us to fathom: it is so immense, so frightening, that we will do almost anything to avoid thinking about it. Society is organized to make death invisible, to keep it several steps removed. That distance may seem necessary for our comfort, but it comes with a terrible price: the illusion of limitless time, and a consequent lack of seriousness about daily life. We are running away from the one reality that faces us all.
post 1536756131 12-06-2017, 07:55 PM
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#7519
  1. myfacewhen
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Originally Posted By GabrielNovar⏩
litecoin like driving a prius. I ain't wanna be seen in that ****.
yeah and just like a toyota it's super reliable.

LTC should always be your gateway to exchanges. I always buy LTC, send to bittrex/binance and convert it to BTC once it's there. You can get cucked on moon missions waiting for the damn BTC or ETH transaction to be completed
EXTREME yellow fever crew
Will wife an Asian HBB in the future crew



~keep hustling cuz~
post 1536756251 12-06-2017, 07:56 PM
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#7520
  1. raziron
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Originally Posted By Dota2Brah⏩
brahs, i dont know if you have tried bitmex, but it is addicting. try it out with small amounts and use huge leverage. it's so fun.
is this like trading binary options for crypto's?
Eat. Lift. Misc. Sleep. Repeat. Problem?
post 1536756941 12-06-2017, 08:03 PM
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#7521
  1. Luc1fer
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Originally Posted By myfacewhen⏩
yeah and just like a toyota it's super reliable.

LTC should always be your gateway to exchanges. I always buy LTC, send to bittrex/binance and convert it to BTC once it's there. You can get cucked on moon missions waiting for the damn BTC or ETH transaction to be completed
LTC should be the primary trading pair for all coins, not BTC.
๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–

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post 1536757951 12-06-2017, 08:12 PM
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#7522
  1. jamalfudge
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Originally Posted By Luc1fer⏩
LTC should be the primary trading pair for all coins, not BTC.
Maybe instead of Miscoin we need to set up a Litecoin exchange.
#
post 1536758051 12-06-2017, 08:13 PM
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#7523
  1. Rangerz91
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https://cheddar.com/videos/ethereum-...rrency-futures

ETH futures may only be weeks away.

I had initially heard dates around summer.
Tokyo Brah
University of Texas Brah
IT Brah/CS Brah
post 1536758611 12-06-2017, 08:19 PM
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#7524
  1. Scruffy77
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What exchange is the cheapest to turn all your stuff back into USD to have it sent to your bank account?
Arnolds Modern Book of Bodybuilding... a must read for anyone into fitness --> http://amzn.to/1hjtHTq
post 1536758681 12-06-2017, 08:19 PM
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#7525
  1. 2020Wellness
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Originally Posted By Luc1fer⏩
$ value is all that matters. Beating BTC is just a side-show.
If you aren't cashing out anytime soon, building Sats > building $$
trainingwithryan.substack.com
post 1536759331 12-06-2017, 08:25 PM
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#7526
  1. fatslob1
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Originally Posted By Scruffy77⏩
What exchange is the cheapest to turn all your stuff back into USD to have it sent to your bank account?
i use coinbase/gdax. free to sell if you add liquidity, and free to transfer to bank
post 1536759481 12-06-2017, 08:27 PM
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#7527
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Post deleted by user
post 1536759811 12-06-2017, 08:30 PM
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#7528
  1. gixxer0.6g
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Anybody get blockfolio alerts to work?
Toxic Masculinity
post 1536760191 12-06-2017, 08:33 PM
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#7529
  1. Luc1fer
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Originally Posted By 2020Wellness⏩
If you aren't cashing out anytime soon, building Sats > building $$
Why? My goal is to maximize $, is yours not? Are you suggesting BTC will take over the $
๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–

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post 1536760361 12-06-2017, 08:35 PM
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#7530
  1. GabrielNovar
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Damnnnn roger ver tweeet hit me right in the feels, calling out Andreas for being. Broke.


Then Andreas said he sold to provide for his family and didnโ€™t go in debt for them. Then another dev chimes in saying he has been In The space for 5 years and had zero bitcoin end of 2016.


Forkkk only ones getting rich are scumbags off the success of hard workers trying to advance this. I can see why they feel the space has become a mess. Itโ€™s just a debt fueled pump.
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