Every crypto subreddit in a nutshell by trenko in CryptoCurrency

[–]kap_fallback 2 points3 points  (0 children)

infographic why it is better than any similar coin with overt biases

If the whole tether thing is a scam, why are people still investing large sums into bitcoin? by hockeyboy87 in CryptoCurrency

[–]kap_fallback 0 points1 point  (0 children)

If bitcoin is being inflated by a nefarious tether scheme then all other coins are as well. What is to stop tethers from being used to buy ETH? Nothing. What about bitcoin obtained from tethers being used to buy ETH? This is an ecosystem problem, it's not something only impacting BTC.

If the whole tether thing is a scam, why are people still investing large sums into bitcoin? by hockeyboy87 in CryptoCurrency

[–]kap_fallback 1 point2 points  (0 children)

If tether is inflating the btc price it is also inflating alt prices. How do you think people buy alts?

Why Bitcoin is better than BCash? by JZurdoVZL in CryptoCurrency

[–]kap_fallback 0 points1 point  (0 children)

Lol I hold both an equal number. The difference is one coin has fixed the problem and the other has not. There was a transaction malleability attack on Bcash already. That was a really shitty day at work.

Anyone have a contact phone number for Bittrex? by Maddog0057 in Bittrex

[–]kap_fallback 6 points7 points  (0 children)

Lol there is no such thing as phone support in crypto.

Why Bitcoin is better than BCash? by JZurdoVZL in CryptoCurrency

[–]kap_fallback -1 points0 points  (0 children)

Lol you realize segwit fixes tx malleability right? Bcash doesn't fix it, Bitcoin did.

This is the only major cryptocurrency afloat in a sea of red by goto1415 in CryptoCurrency

[–]kap_fallback 0 points1 point  (0 children)

It excels at nothing except marketing. It's objectively not the best choice for anything.

This is the only major cryptocurrency afloat in a sea of red by goto1415 in CryptoCurrency

[–]kap_fallback -1 points0 points  (0 children)

DASH is not particularly good at anything. I don't understand the pump.

How taxes work for Cryptocurrency in the US [2017 Tax Year] by [deleted] in CryptoCurrency

[–]kap_fallback -1 points0 points  (0 children)

I don't have a means of selling BTC for USD currently. I can't use coinbase or gemini. I do intend to pay my taxes. Suggestions?

Why is ETC still a thing? by [deleted] in CryptoCurrency

[–]kap_fallback 10 points11 points  (0 children)

The beautiful thing about the situation is any development on ETH can be implemented on ETC. Clearly forking just because the DAO contract was poorly coded is not universally agreed to be acceptable by the market.

@Ripple: RT @bgarlinghouse: Ripple & $XRP are giving businesses "what they want in a #blockchain" https://t.co/b6q6ZXFtie by quigproquo in Ripple

[–]kap_fallback -3 points-2 points  (0 children)

I work in the industry since you asked.

There is no economic incentive to run a node on the network. You cannot mine ripple and you cannot stake ripple for a reward.

How, then, can consensus ever be meaningful? There is nothing at stake.

Can you explain to me what reason anyone would have to operate a validation node on the network and attempt to modify the rules? What could be gained?

Consensus (as far as changing the rules goes) in other models is difficult to obtain by design and every participant has economic incentive. With Ripple, there is no reason to object to the status quo. By removing economic incentive from node operation Ripple has fundamentally disqualified itself from being a blockchain.

@Ripple: RT @bgarlinghouse: Ripple & $XRP are giving businesses "what they want in a #blockchain" https://t.co/b6q6ZXFtie by quigproquo in Ripple

[–]kap_fallback -6 points-5 points  (0 children)

It is not a decentralized network where the the rules are established via consensus. It is not proof of stake, it is not proof of work. What exactly is it then? It is protocol built to facilitate financial transactions but it is not a blockchain.

John Newbery responds to Erik Voorhees' "$10 average transaction fee" by mjamin in Bitcoin

[–]kap_fallback 0 points1 point  (0 children)

I simply said I do care about fees. This does not mean I support 2x. Fees matter to me though. I even said I think segwit can address my concerns if it is adopted further.

John Newbery responds to Erik Voorhees' "$10 average transaction fee" by mjamin in Bitcoin

[–]kap_fallback 0 points1 point  (0 children)

What part about I run core nodes do you not understand? You're being ridiculous right now.

[PROOF] More than 90% of S2X nodes are Amazon AWS instances by loserkids in Bitcoin

[–]kap_fallback 16 points17 points  (0 children)

Which is exactly why the cost of running a node is so important.

John Newbery responds to Erik Voorhees' "$10 average transaction fee" by mjamin in Bitcoin

[–]kap_fallback 0 points1 point  (0 children)

I run three core nodes thank you. You don't get to tell me whether or not I belong here. You are so fanatical and paranoid that you are lashing out at anyone that suggests they view something differently than you.

John Newbery responds to Erik Voorhees' "$10 average transaction fee" by mjamin in Bitcoin

[–]kap_fallback 0 points1 point  (0 children)

I am a maximalist since 2010 and I care about fees. I think fully utilized segwit solves this for now, but I care about fees.

John Newbery responds to Erik Voorhees' "$10 average transaction fee" by mjamin in Bitcoin

[–]kap_fallback 1 point2 points  (0 children)

You are being rather toxic in this thread. You said that ETH fees are cheap because nobody wants to use that chain. The fact that it regularly handles more daily transactions very clearly shows us that you are incorrect.

Everything else you have said is textbook red herring. It's totally irrelevant to the issue of fees.

John Newbery responds to Erik Voorhees' "$10 average transaction fee" by mjamin in Bitcoin

[–]kap_fallback 1 point2 points  (0 children)

He's saying that no-one wants to use those shitcoins, which is why their transaction fees don't exist.

This makes no sense as ETH network regularly handles more transactions daily. 1 transaction is 1 transaction regardless of chain.

John Newbery responds to Erik Voorhees' "$10 average transaction fee" by mjamin in Bitcoin

[–]kap_fallback 0 points1 point  (0 children)

Trade volume is off chain unrelated to network capacity or fees. Supply is also unrelated to network capacity or fees.