CR69
Footballguy
I use Blockfolio. You can specify which exchange you want for tracking the price and it has every coin and pair I've ever searched for. Might not be entirely up to date with new ICOs, but not sure since I don't put money into them.
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Ren's old crypto thread || we know how to buy this stuff now (2 Viewers)
- Thread starter ren hoek
- Start date
ditka...mike ditka
Footballguy
Ok...i like to gamble so I am going to be in. Just signed up and looks like I need uphold to verify me before I can purchase. Was thinking of just throwing some money at BAT as a lottery ticket and not looking at it again....unless someone more in the know thinks I should diversify a little or has another suggestion.
ren hoek
Footballguy
https://twitter.com/BrendanEich/status/942115844087169024
Eich seems to be implying BAT could be integrated into Firefox once the ad trials and framework are ready. It's designed to support numerous applications (desktop apps, mobile games, etc) down the line.
https://sircmpwn.github.io/2017/12/16/Firefox-is-on-a-slippery-slope.html
Firefox dicking around with corporate ad placement sideloaded into browsers.
http://www.nasdaq.com/article/escaping-the-post-truth-era-with-blockchain-technology-cm890492
Brave covered in Nasdaq article.
Eich seems to be implying BAT could be integrated into Firefox once the ad trials and framework are ready. It's designed to support numerous applications (desktop apps, mobile games, etc) down the line.
https://sircmpwn.github.io/2017/12/16/Firefox-is-on-a-slippery-slope.html
Firefox dicking around with corporate ad placement sideloaded into browsers.
http://www.nasdaq.com/article/escaping-the-post-truth-era-with-blockchain-technology-cm890492
Brave covered in Nasdaq article.
ren hoek
Footballguy
You'd be getting into BAT at all-time high if you get into it now. Which is probably ok in the long run (I do think it could be an easy x3 within a year or two, or eclipse a billion dollar marketcap in other words), but BCH and ETH are much safer investments. Big-time ecosystems, marketcap, community support, and diverse usecases behind each one. Really a question of solid long-term growth vs. potential for massive gains.
Also we're in a bubble but adoption hasn't hit full saturation yet but there may be a crash coming soon and regulators may step in but 2018 will be the year of the alts AAAAAAAAAAAAAAAAAAAAAAAAA
Johnny Rock
Footballguy
“Not looking at it again” for a few years will result in Uphold fees after 90 days. It’s a ridiculously low threshold to consider it “abandoned,” although they say they’ll try to warn people. $1 per month at first, then $5 month, then $10 per month in like year three of inactivity.
ren hoek
Footballguy
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JerseyToughGuys
Tough Guy
ren hoek
Footballguy
Technically Coinbase has only promised support for withdrawal by 1/1/18, as opposed to trading. But that was on August 3rd right after the fork. I don't think they've updated their position since.
https://blog.coinbase.com/update-on-bitcoin-cash-8a67a7e8dbdf
ditka...mike ditka
Footballguy
Ok, Im verified. Didn’t took only like 12 hours, not bad. Is everyone really funding this by putting their checking account in? Once I do that, and buy the coins, do i have to move the coins somewhere or just keep them in my uphold account? All this is very confusing and I seem to find different answers (which confuse me more) when I google.
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
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Insoxicated
Where is this? I'm on the site and don't see anything about "abandonment"? I'd like to read the policy. Thanks!
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Insoxicated
Big League Chew
Footballguy
tempted to take my $15 loss from litecoin and roll it into BAT
don't want to miss this train
don't want to miss this train
Nathan R. Jessep
Footballguy
Coinbase lets you use a CC if you wish, but I believe Uphold's only option is bank account.
You can leave your purchased holdings in your Uphold account ("wallet"), but you do so at the risk of them (their website/database) getting hacked in the future and possibly losing some/all of your holdings. I have left mine there, but I don't have a lot invested. If I had a significant amount of money invested, I would definitely look into one of the hardware wallet solutions.
Big League Chew
Footballguy
litecoin is making a run!!! LETS GO!!!
ren hoek
Footballguy
ren hoek
Footballguy
-Bitcoin mining difficulty adjusted up 18%, down a couple percent. BCH up 22%.
-Interesting paper by ING about Bitcoin: https://think.ing.com/uploads/reports/171218_Why_Bitcoin_to_become_niche_asset-_Teunis_Brosens.pdf
-Interesting paper by ING about Bitcoin: https://think.ing.com/uploads/reports/171218_Why_Bitcoin_to_become_niche_asset-_Teunis_Brosens.pdf
-Swedish founder of Bitcoin.com sells all his bitcoin because it's "as good as useless". http://nordic.businessinsider.com/the-swedish-founder-of-bitcoin.com-one-of-the-largest-sites-in-the-industry-has-sold-all-his-bitcoins-because-its-as-good-as-useless--/
Jayrod
Footballguy
I was coming in here to let everyone know that I just moved out of Litecoin today after a week of small dips and no gains and into BAT.
What this means for all of you is that BAT is now going to stall out and LTC will jump. Just thought I'd give everyone a heads up.
Big League Chew
Footballguy
CR69
Footballguy
His argument about bitcoin not being digital gold makes no sense considering there are other precious metals. Has he never heard of silver, platinum, etc? Even copper and paladium are more useful in certain applications.
The Gator
Footballguy
ILUVBEER99
Footballguy
Watching gold bugs absolutely lose their mind about BTC is awesome. There isn't much logic behind their arguments, it's just endless ranting as they watch gold do nothing while crypto's keep rising.
Coincidently the gold bugs are almost always over 50.
Big League Chew
Footballguy
trying to transfer on uphold my lite to bat keeps saying not enough available funds 
Johnny Rock
Footballguy
I should have said they could be considered “surrendered as unclaimed property.” The Abandonment clause is likely the same as other entities and follows the law.
Membership Agreement
5.15 Inactive Accounts / Unclaimed Property. In the event Uphold is holding funds in your Uphold wallet, and Uphold has deemed the account inactive or inactive by no record of you transacting or using the Platform for more than 90 days, applicable law states Uphold may be required to report these funds as unclaimed property to the State where your account is registered. In the event this occurs, Uphold will attempt to locate you via email and at the physical address on record, however, if Uphold is unable to locate you, funds may be surrendered to the applicable jurisdiction as unclaimed.
In order to maintain inactive accounts, Uphold will debit Member account associated inactive account fees, and any other administrative costs from inactive accounts, as permitted by law. Uphold will attempt to communicate to Members prior to their account becoming inactive that their account will be debited if their account remains inactive past the 90 days anniversary.
An account is considered inactive if there are no transactions initiated by Member after 90 days. A transaction is considered any action which value is moved and is initiated by a member within their Uphold wallet. Including a bank transfer (deposit or withdrawal), moving value between cards, sending value to another member, email address, or crypto address.
10. ABANDONED PROPERTY.
To the extent required by law, if you leave a balance unused for the period of time set forth by your state, country, or other governing body in its unclaimed property laws, if you cancel your Account and leave a balance, or if we deactivate your Account and you do not meet any conditions necessary to reinstate it within six (6) months, we may close your Account and send your balance to any mailing address you provide using the Service or, if required, escheat (send) your balance to your jurisdiction of residency (based on the jurisdiction associated with that mailing address).
From FAQ
If your wallet has been at a zero balance for at least 90 days, your account will automatically considered inactive. If it has a zero balance for at least 180 days, your account will be automatically closed.
Where do I find the fee amounts?
The following is a summary of cumulative fees that will be automatically collected from inactive accounts:
Period Dormancy fee
90 - 180 days. 1 USD per month
180 - 365 days 5 USD per month
365+ days 10 USD per month
Big League Chew
Footballguy
Uphold will charge my checking account for being inactive ?
ren hoek
Footballguy
Digital currencies don't have physical properties like metals do. I can't program a bar of gold but I can program a blockchain-based currency with all the exact properties of bitcoin a million times over. Which would be fine if bitcoin did its one job, which was being functional as a currency, i.e. not taking days to confirm or cost $20 to reliably initiate a tx with. Then its first mover advantage and network effect would easily be enough to carry it forward.
If I have $10 in bitcoin and I want to send it to a friend, it's cheaper (and in some cases actually literally faster) to mail him my private keys on a piece of paper thru usps. I don't think these people buying bitcoin realize how big of a problem that is. It isn't storing value at all if it has no utility as a currency and it doesn't anymore. It may as well be a beanie baby or digital work of art at that point. Look at what merchants are doing. They are withdrawing acceptance of bitcoin because of how slow, costly and unreliable it is to use as money. LN will cause as many problems as it solves and centralize the #### out of the network, basically turning bitcoin into a giftcard running on a creditcard hub. It's toast. It's the same reason it's lost so much marketshare to other coins. Vitalek Buterin wanted to build the ethereum protocol (or something like it) on bitcoin originally. It wasn't until he realized he'd be in a constant state of war with the developers that he decided to go build his own chain.
It might go to 100K for all I know. It really can't be overstated how dumb this new money is or how dumb it will stay. The best argument against bitcoin is actually trying to use it, which I would recommend it if weren't such a waste of money. If people want to keep putting money into a digital currency with no practical use as a currency they are welcome to. Gold/silver at least have some intrinsic usecase beyond simple exchange.
ren hoek
Footballguy
ILUVBEER99
Footballguy
I swapped it into BTC when BCH was around $500 a coin.
I don't have anything against BCH, i just can't stand Ver and his cronies. Wish they would just put a muzzle on Ver. Him leading the BCH charge gives it a bad vibe IMO.
My opinion is that there is room for both BTC and BCH. I hope both work out.
Clorox
Footballguy
So this crypto run is something else. Essentially, I have equal amounts of USD in BAT, ETH, BCH, and LTC (four equal amounts total). I have two more units sitting in USD (pending but should clear soon) and don’t know what to do with them because all four are just flying right now.
chet
Footballguy
ren hoek
Footballguy
I'm not a real big fan of Roger either. But I do consider the Blockstream/Core developers to be pretty insidious. Core wants to replace a perceived centralized system with an actual centralized system. Blockstream has a very real financial incentive to stifle bitcoin growth to create an artificial problem so that they can market their own solution for it. I really don't see there being a place for both but it's an interesting experiment to watch anyway.
SameSongNDance
Footballguy
Is Tether not the very definition of having your cake and eating it too?
Ahead of the CME futures launch I decided to buy BTC at 18k. It quickly ran up to ~19.5k and I decided to transfer it over to Binance for the first time because I wanted to experiment with Tether. The transfer didn't take very long at all, I believe it took ~4 hours. So once it arrived on Binance I quickly converted it into USDT and waited to see what would happen once the futures launched. I recently bought back at 18.5k and because of this less fees I was able to acquire ~5% more BTC.
So my question is, how it Tether allowed to operate within the system but largely be insusceptible to the volatility and act as a safe haven within crypto only exchanges? Let's say BTC was tanking, USDT wasn't an option and you wanted to pull out. On Binance for example, you'd need to transfer all of your cryptos into BTC, transfer that BTC to an exchange that could convert to fiat and likely have to deal with long/expensive transactions. And if you wanted to buy back at what you believed to be a support level, you'd have to do all of that in reverse. With Tether someone can pull out, wait and buy back in without having to really wait/pay. But is that real liquidity? What if a whale decides he wants to convert a very large amount of BTC into USDT, the very act tanking the price. He doesn't even need to time the market, he controls the market. He shakes out weak hands and buys back in accruing even more BTC.
Again I'm still very new to this but the very existence of Tether leaves me scratching my head. It seems like the antithesis to cryptocurrencies. Is there a mechanism like Tether in other markets or is crypto a corner case in asset classes?
Edit: I just realized the bolded is stupid because the answer is gold.
Ahead of the CME futures launch I decided to buy BTC at 18k. It quickly ran up to ~19.5k and I decided to transfer it over to Binance for the first time because I wanted to experiment with Tether. The transfer didn't take very long at all, I believe it took ~4 hours. So once it arrived on Binance I quickly converted it into USDT and waited to see what would happen once the futures launched. I recently bought back at 18.5k and because of this less fees I was able to acquire ~5% more BTC.
So my question is, how it Tether allowed to operate within the system but largely be insusceptible to the volatility and act as a safe haven within crypto only exchanges? Let's say BTC was tanking, USDT wasn't an option and you wanted to pull out. On Binance for example, you'd need to transfer all of your cryptos into BTC, transfer that BTC to an exchange that could convert to fiat and likely have to deal with long/expensive transactions. And if you wanted to buy back at what you believed to be a support level, you'd have to do all of that in reverse. With Tether someone can pull out, wait and buy back in without having to really wait/pay. But is that real liquidity? What if a whale decides he wants to convert a very large amount of BTC into USDT, the very act tanking the price. He doesn't even need to time the market, he controls the market. He shakes out weak hands and buys back in accruing even more BTC.
Again I'm still very new to this but the very existence of Tether leaves me scratching my head. It seems like the antithesis to cryptocurrencies. Is there a mechanism like Tether in other markets or is crypto a corner case in asset classes?
Edit: I just realized the bolded is stupid because the answer is gold.
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ren hoek
Footballguy
Some of the mining hashpower still oscillates to BTC over BCH whenever one's more profitable to mine than the other. So transactions will hang longer during those oscillations. With the 8mb blocksize on BCH the mempool always gets cleared, so zero-confirmation txes are reliable enough for small purchases like coffee/donuts etc. I think I have that right.
Obviously if you're buying a car or something you'll want to wait for confirmation, but 0-conf is reliable enough on BCH for regular use.
ren hoek
Footballguy
Faith. Faith that Bitfinex/Tether are actually maintaining a 1:1 ratio of Tether/USD by the undisclosed, unaudited bank supposedly backing the issuance.
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Insoxicated
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SameSongNDance
Footballguy
Right but even if it is 100% on the up and up doesn't the idea of Tether, something that is centralized and backed by fiat the literal antithesis to cryptocurrencies? I also feel like it does is help facilitate an endless cycle of pumping.
ren hoek
Footballguy
It's a pretty cool idea to save people the tax burden of going from crypto to fiat. And like you said, it's a handy way to get out of crypto in a very liquid way. The problem is that rather than simply allow for an honest audit of their books, which would clear the air entirely, they've been cloak and dagger about their holdings, the bank financing them, meanwhile badgering the @bitfinexed account with legal threats. Seems like a total scam at this point
CR69
Footballguy
I know some if you are big on BCH because it's fast, but it's literally processing like 5% of the transactions bitcoin is. It's fast because nobody uses it. Bitcoin use to be really fast and cheap too.
All that being said, ethereum is handling almost double the daily transactions of bitcoin right now.
All that being said, ethereum is handling almost double the daily transactions of bitcoin right now.
ILUVBEER99
Footballguy
Cryptokitties overwhelmed ETH. That’s not a joke either. The kitties completely took over the network
chet
Footballguy
Any difference in transferring LTC? I cleared out BCH, BTC, ETH and LTC from an exchange today and every transfer has gone smoothly except for the LTC. I can't find any evidence that the LTC actually transferred except the exchange saying they processed it. I transferred about 2 hours ago.
SameSongNDance
Footballguy
jhib
Footballguy
Ok, so once I actually had a little eth and ltc to play with, I set up a wallet and used a vpn to be able to go to shapeshift (without the vpn, that opens as a censored webpage because of my state). Converted a tiny bit over to BAT and had it sent to my wallet. I'm not sure that was the best way to do it, and it was very much a pain to figure out compared to just being able to use Uphold (thanks NY), but not too bad once I got into the swing of things.
Thanks for your help.
Charlie Harper
Footballguy
What's pumping up ETH prices? Just the n00b crypto money?SameSongNDance said:
saintfool
Dead sexy
ILUVBEER99
Footballguy
Basically every alt coin is mooning. People are throwing money in everything crypto.
SameSongNDance
Footballguy
It's amazing that if you had taught a 10 year old how to buy on an exchange and gave him a sizeable bankroll a month ago that 10 year old would have almost certainly made bank. It's almost impossible to have lost over the past month. I've been dicking around on Binance for only a couple days and I've turned 1k into 1.4k and I know nothing. I just follow certain subs/people, look for positive news or which coin everyone is shilling and buy in. It seems dangerous.
Unwrittenlaw
Footballguy
You guys are late to the Ethereum party.
Electroneum and Cardano is where it's at for the next 3 years.
Electroneum and Cardano is where it's at for the next 3 years.