The Bitcoin Thread

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Thanks for reply LUNO. Currently using Twitter to drive issues but will log ticket.
 
PAYBACK said:
Thanks for reply LUNO. Currently using Twitter to drive issues but will log ticket.
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Hows your network. Seems like it just skipped a beat there. Json returned excluded one timeframe. That happens all the time on most other exchanges.
 
Sabre Wulf said:
Hows your network. Seems like it just skipped a beat there. Json returned excluded one timeframe. That happens all the time on most other exchanges.
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Hi Sabre, network fine. Anyways this one last week only aligned 5 hours later. Not sure if any Android users are experiencing similar problems.

31b518878ac6538226fb27ff401c779a.jpg
 
Pakka said:
It seems like a lot of people don't understand how a fork works, and what it means to be in control of your own public keys.

Because of this, and the fact that Luno isn't planning to support BTG at this stage, I feel that they should have sent out an announcement telling their customers to move their BTC to private wallets before the fork
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Let me stop you there... BTG wasn't even a fork, an altcoin was created
 
Archer said:
Let me stop you there... BTG wasn't even a fork, an altcoin was created
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Uh, altcoin just means it's a different coin to Bitcoin.

BTG copied BTC's ledger and changed the hashing algorithm to Equihash.

Its a hard hard fork
 
Ok my next target 93-95k before sell off and dependent on ZAR vs. USD situation. I did say BTC @ 7k early November a couple of weeks ago remember
 
Pakka said:
Uh, altcoin just means it's a different coin to Bitcoin.

BTG copied BTC's ledger and changed the hashing algorithm to Equihash.

Its a hard hard fork
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No need to be vulgar :p
 
PAYBACK said:
Ok my next target 93-95k before sell off and dependent on ZAR vs. USD situation. I did say BTC @ 7k early November a couple of weeks ago remember
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Might just do the same. OTOH, why just not hodl and sell when it's past 100k?
 
Pakka said:
Uh, altcoin just means it's a different coin to Bitcoin.

BTG copied BTC's ledger and changed the hashing algorithm to Equihash.

Its a hard hard fork
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C4Cat said:
Why do you say that? It clearly is a split off bitcoin
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They've done is taken a snapshot, and from my understanding funds will be airdropped once they get their poop together and have actual working websites, wallets, mining, block explorer etc. Nevermind them having created 100k coins just for themselves out of thin air basically. Sounds more like a whole new coin to me. Perhaps technically in the truest sense it is still a fork, but I feel like referring to it as a whole new coin given the amount of poopcoin vibes I get from the project
 
Archer said:
They've done is taken a snapshot, and from my understanding funds will be airdropped once they get their poop together and have actual working websites, wallets, mining, block explorer etc. Nevermind them having created 100k coins just for themselves out of thin air basically. Sounds more like a whole new coin to me. Perhaps technically in the truest sense it is still a fork, but I feel like referring to it as a whole new coin given the amount of poopcoin vibes I get from the project
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It is a new coin... and a hardfork.
 
Archer said:
They've done is taken a snapshot, and from my understanding funds will be airdropped once they get their poop together and have actual working websites, wallets, mining, block explorer etc. Nevermind them having created 100k coins just for themselves out of thin air basically. Sounds more like a whole new coin to me. Perhaps technically in the truest sense it is still a fork, but I feel like referring to it as a whole new coin given the amount of poopcoin vibes I get from the project
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Your liking the new coin is not a prerequisite for qualifying as a hard fork :whistle:

Whether it was a good idea to keep the Bitcoin name, I'm not sure. It is diluting the Bitcoin brand, and most people not currently invested in crypto don't even know there is a difference between BTC/BCC/BTG.

Regardless, I do like the idea of BTG making Bitcoin decentralized & mineable again. Of course, it can be argued that other currencies, like Monero, already do that. And therein lies the catch-22 of keeping the Bitcoin name and ledger for this new coin.

Some good info on BTG is available in this PDF.
Specifically look at "mechanics of a hard fork", "replay protection" and the "financial strategy" (which talks about the premine).

The idea with the pre-mine is explained in that PDF and it actually lends credibility to the coin. It looks well thought-out and planned. Bugs/advancements/features will be logged on the public Github and bounties assigned to them. Anyone in the community can then implement that feature and be rewarded with BTG from the pre-mine. These pre-mined coins are released in staggered stages through the next five years.

Their blog also describes what is being done over the next few days before release.
 
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handyman007 said:
Might just do the same. OTOH, why just not hodl and sell when it's past 100k?
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I'm building off a base playing the market a bit, HODL is boring ;) Word is it might hit significant resistance at those levels. At the end of the day it's Crypto anything can happen I guess.
 
PAYBACK said:
I'm building off a base playing the market a bit, HODL is boring ;) Word is it might hit significant resistance at those levels. At the end of the day it's Crypto anything can happen I guess.
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QFT :D
 
Just cashed out part of my portfolio. Hopefully a few buying opportunities before the next fork.
 
@lunomoney: What's the reason for not offering ETH? I mean, it's not like it's some obscure alt or something. I really don't want to have to use another exchange as I'm quite happy with luno. Please? If I buy you a beer?
 
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