Is my understanding of the current Segwit Coins vs Bitcoin Cash correct?
Hi all, I am relatively new to Crypto. I have been following the recent battle of ideas between Bitcoin Core and Bitcoin Cash. What I noticed so far is that there are so many comments on articles and posts online against Bitcoin Cash. To me, the comments are out of hand. The intentions of the commenters do not seem to be in the spirit of solving a problem but rather to personally attack people involved with BCH or to just completely dismiss BCH. My reading of the situation is this: - BTC is largely influenced by Bitcoin Core. - Many if not all in the Bitcoin Core are being paid by Blockstream who provides blockchain services like the Lightning Network. I think they even patented the technology. - I also found out that Blockstream is funded by AXA, the finance company and that Blockstream's co-founder is/was one of the Core developers. - As a result, the Core team is pushing for Bitcoin to use Lightning Network. - I think the Segregated Witness and the Lightning Network is bad because we are diverting very important digital signatures from Bitcoin transactions to go through the Lightning Network which will be controlled by Blockstream. This is not good because then Bitcoin becomes reliant on the services of one company. This is then a form of centralization that we should guard against. The risk is that these signatures are now being bundled to one location where they maybe intercepted, controlled, manipulated or stolen. The government can also target companies like Blockstream and regulate it or apply pressure to it to work for whatever purpose the government wants. - Blockstream profits from all this. Good for them. But this gives them so much power and control and are likely to impose unnecessarily high fees for all of us to use Bitcoin. Is this more or less correct? I just wanted to ask because I know many people here have been in this space longer than I have and perhaps I am interpreting something differently.
Am I doing this math right? Alt coins vs Bitcoin to equal $USD
Tell me if I have this correct. Alt coins are traded for Bitcoin and Ethereum. Dollar prices of alt coins are calculated using the current Dollar price of Bitcoin in most cases, or Ethereum. So as the price of Bitcoin decreases, the dollar worth of most alt coins will decrease. I WOULD ASSUME though, if the price of Bitcoin is dropping, the cost of an alt coin (in Bitcoin), would go up? Bitcoin becoming less powerful means it costs more to by an alt coin. But what I'm seeing today that doesn't seem correct. Many alt coin prices (in bitcoin) are going down or stagnating. Right now I'm watching NEO drop down to $50 when it was $80 a couple days ago, when Bitcoin was still moderately high. It seems like many of these coins don't actually increase or decrease in value at all, because It's completely based on Bitcoin's dollar worth. Am I thinking correctly?
Hi guys, the value in bitcoin of basically all the major altcoins is at minimum since august, because of the race of bitcoin, do you think they are going to catch up or will stay low? I mean..with the investment of 1€ in august in bitcoin you would have 7€ (more or less) for now...while with ETH, XRP, XMR, LTC you are at maximum 3€ or 4€... What do you think?
After watching this: https://www.youtube.com/watch?v=gm06UfpPuKk&t=633s It seems clear that you have to make a pretty big investment for bitcoin and that costs of hardware, cooling, etc are major factors. It seem this varies based on the value of the coin, so wouldn't that mean that mining new coins (not Bitcoins, but some new coin) would almost never be profitable. In other words, for most of the life of Bitcoin, it's been < 4000, if it takes > 3000 (or some other point) then a new coin really doesn't have a chance. Is this true? How would a new coin get people to mine if the costs of mining is so high? Does a new coin makeup it's 1st round of coins without mining and then have people mine as needed? How do they justify the cost of mining when the only coins that have high enough value are Bitcoins?
Reipex Coin VS Bitcoin and Ethereum Ever wondered what are the advantages of Reipex Coin if we compare it to the sharks on the market, such as Bitcoin and Ethereum? Read more about Reipex Coin and it's benefits: https://goo.gl/o5SmWy
Excuse me for being new to all this, but I was looking at MaidSafe coin training on masterxchange.com https://masterxchange.com/market.php?currency=maid It shows the "Latest trade" as: Size (MAID) 136 / Price (MAID/BTC) 0.00014052 Google tells me 1 Bitcoin = $322.68 USD So does that mean that someone just purchased 136 MaidSafe Coins for about $6.80 USD (not including any broker fees)?
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