SEGWIT PUMP BITCOIN
Rumors of Segwit activation have the price of bitcoin and other cryptocurrencies on a slight pump today. Lets see if the excitement continues.
Enjoy!
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It's probably relatively easy to manipulate the Cryptomarkets considering that there is not much regulation involved. I would have really preferred it if the markets would have gone down a bit more so I could have bought some cheaper coins.
you had your chance.
Yes, very true. I guess I just have to wait until the next time.
This post received a 4.9% upvote from @randowhale thanks to @rockjon! For more information, click here!
Thanks so much for that :)
That sounds good! @trevonjb
you doing great man .. just a little steps backwards to make many steps forward, #positive thinking..
Intangible coins goin' up n down for intangible reasons...
WE'RE GETTING TROLLED BY THE BLOCKCHAIN...
[from giphy.com] (...and by the cabal operatives/banks...)
hahaha
I read an article that said that China is responsible for manipulating the bitcoin price.
That wouldn't surprise me at all, the bizarre market motions made me think that banks/ whales were heavily manipulating the price
Do you have a link for the article regarding China being responsible?
Hey. Sorry for my late reply. I am just now seeing this.
Some links I read:
http://www.zerohedge.com/news/2017-06-15/peoples-bank-china-manipulating-bitcoin-price
http://www.reuters.com/article/us-china-bitcoin-idUSKBN14V15Q
https://www.bloomberg.com/news/articles/2017-01-16/high-speed-traders-are-taking-over-bitcoin-as-easy-money-beckons
Thank you for the links
That is the most awesome gif I have ever seen!
LOL
This was expected to happen anytime.
I kind of hope things take at least another leg down but that's looking unlikely.
It all comes down to BIP91, were at 75% and only need 80. If we lock in at 80% prepare for lift off cause we haven't seen anything yet!!
This is what the whales are watching
https://www.xbt.eu/
I don't think it is segwit. The market is just responding to more certainty.
There are definitely some real problems with segwit:
https://steemit.com/bitcoin/@kyle.anderson/fork-christ-s-sake-bitcoin-is-going-to-fork-is-segwit-bitcoin-whose-side-should-i-be-on
In short, SegWit can flip the incentives for some (bandwidth restricted) miners such that they benefit from not downloading or verifying the transaction signatures. For a user, this causes a SegWit transaction to be less secure than a non-segwit one. A non-SegWit transaction is secure with the assumption that no attack is able to obtain more than 51% of the network hashrate. With SegWit, this becomes 51% - (percent of miners with flipped incentives).
If 20% of miners end up in a situation where they are not downloading signatures because it is more profitable for them not to, a 31% miner can attack the network effectively. Security becomes 51% - X.
The bigger problem is that it is very hard to estimate the proportion of miners with this flip in incentives before their portion grows too large and an attack occurs. This basically means that SegWit transactions will always be less secure than normal Bitcoin P2PKH transactions. Even if just by the smallest bit, this is what fundamentally breaks the fungibility of Bitcoin.
This video had me laughing at your outbursts. I think this is my favourite video from you so far, Trevon. Good job!
So informative but yet so entertaining...I love it.
Shoutout to notification squad pounded that like button and i want that free steem =) . Fud over finaly segwit its on its way . I would love to have my first referal by you on genesis especialy if its btc mining code "53gnbr". I would wait for x11 contratcts on genesis bitmain are launching 15 gh x11 asics 😐 . Miss that dash cam to see that caos ;) keep it up . Love from spain ;) boooming and mooning .