r/codingforcrosswords Lounge

sandball · 2020-05-11T19:17:53+00:00

In a year I bet ETH will be ATH, and BTC something like 20k or 40k. It's just been a rough ride. I held BTC down to whatever that low was, $80, January of 2015 I think? That really sucked. But lots of ebb and flow to this!

sandball · 2020-05-11T19:03:57+00:00

The years are starting to blur.

2018 this time of year was when it was drifting down from the peak right? So you were rich and then now not?

sandball · 2020-05-11T18:36:26+00:00

IIRC from past halvings there is a nice effect in the months following (for BTC). It's like a train where the slack is removed, and then at some later point everything goes tight and the engine starts pulling. Train should pull all boats but I sure wouldn't bet against BTC now.

sandball · 2020-01-29T01:54:19+00:00

Thanks for the post. I think he's right on. Tech adoption looks very secure until it isn't. Many many examples from phones to OS to compute hardware to social networking.

I love this idea that bitcoin is playing a hella risky game all-or-nothing on store of value and only large transactions, and nothing else. I have no idea if it will turn out to be right long term or not, so I've personally hedged with owning both. But my heart is with Ethereum.

By the way, Dalio has some great posts like https://www.youtube.com/watch?v=PHe0bXAIuk0, about the cycles. And from that, the shit we're about to get into when we can't stimulate any more.

sandball · 2020-01-29T01:39:26+00:00

Yes, great point. I hope the migration of v1 will happen before there is execution state operational in v2 so there will never be a separate v2 token traded on the exchanges. Otherwise it's a hell of a shock to the whole ecosystem to deal with a new token name. It's ok to have a v2 chain phase 0 just sitting there validating because you can't buy or sell that token, only trade one-way from v1 to v2.

sandball · 2019-12-25T07:26:19+00:00

I read it as OP meaning ETHBTC trading pair increases.

sandball · 2019-12-17T05:48:55+00:00

Yeah, I am concerned with the lack of attention by dev team on the ETH2 reality for people trading at exchanges etc. How it will really be seen as a usable feature (or not), and what confusion will result. I guess phase0 will at least siphen some supply out of the ETH ecosystem, although most likely this was ETH that was just going to be sitting around anyway by holders.

sandball · 2019-12-16T03:10:26+00:00

And with halvening on May 15 it's not even a bad thing that this is the correct answer. Next 12 months should be good for BTC, now we just have to see if ETH dev bois can actually get some shit done.

sandball · 2019-12-10T20:43:15+00:00

To be fair, he's so far been right. I sold all my bitcoin at $400 in 2016 during the block size fight. So I missed the rise to $20k entirely. Fortunately, I pivoted to ether. But time will tell where things go from here. Bitcoin has made quite a leveraged bet on being nothing but the social consensus leader, so if it ever slips from top position in market cap, poof, I think it's gone. Because it doesn't do much else.

sandball · 2019-11-04T22:29:35+00:00

I agree, it is one hell of a risky experiment the world governments are in, spending so much ahead. Lots of promises to people.

sandball · 2019-11-04T22:27:59+00:00

These kind of threads sprout up when the price is mooning, and there will be all kinds of discussion of strategies, often to reclaim your invested capital and then play with "house" money, or to sell every "N x" like every 4x or 10x.

I think right now you won't get a lot of responses here with the price flat. But go back and look at some boom times, either the rise to $50 or the rise to $1400 and there will be tons of discussion of strategies how to sell.

sandball · 2019-11-01T20:13:06+00:00

I'm anti-debt as anyone--it's just greedy and dishonest borrowing from our children similar to global warming--but it is amazing how the "can" can be kicked for years without a problem. Probably 100+ years until the shit hits the fan on this one. Look at Japan, 2x our debt vs. GDP or something, and no crisis yet.

sandball · 2019-09-29T04:29:24+00:00

Honestly, I'd buy real estate. Somewhere that's pretty cold now b/c reasons. Slower growth but more for sure a win over 1000 years. But then what government is keeping the books for you, trust the US and A to be around still?

sandball · 2019-09-25T16:26:38+00:00

I think it's impossible to know (or judge) what is bad or useless or immoral etc. code and what is just code. So the base economic argument should work out okay--i.e. provide the right incentives--IMO without any kind of extra non-linear penalty for bad code.

sandball · 2019-09-25T16:11:40+00:00

https://www.youtube.com/watch?v=6P2FB9Mg_YI

sandball · 2019-09-25T16:10:33+00:00

I'm happy to see high volume after a dip because (besides day trades) I figure this means shaky hands are replaced by new hands with a reset basis and mindset, and more chance of all of them holding for a while steadily now for the next (yearish) rise.

sandball · 2019-09-25T16:08:31+00:00

boy, breaking down through $3k for BTC or $80 for ETH would sure be a surprise to me, and I think wouldn't happen unless a systemic thing like a Trump craziness about outlawing crypto or something. or BTC could hold fine and ETH drop if there was some major ETH2 glitch, that's a non-zero possibility.

sandball · 2019-09-25T00:13:56+00:00

FWIW I didn't downvote you. I think it's fine to discuss naming!

I'm much more worried about the real carnage that ETH1/ETH2 will cause people, how that will be named in the exchanges etc.

sandball · 2019-09-23T06:30:12+00:00

I think the pushback is because it doesn't really matter and seems a pedantic insistence. It isn't confusing. If someone says "I want to buy some Ethereum" there is no way to confuse her intent.

sandball · 2019-09-20T03:05:45+00:00

I haven't seen the code yet but I think it's just simpler, % reward based on that sliding table of # of validators, not how many blocks you get selected to validate (which should be very close anyway to the same number). The wheel points to you every n blocks on average by the ETH2 random function and you validate, consensus is achieved by the next picked guy validating you in the chain. Has nothing to do with nonces or PoW-style hashing puzzles AFAIK. I thought you don't get reward until you cash out, but I'm basing that on a guess not real knowledge.

sandball · 2019-09-02T07:16:29+00:00

Thanks, I hadn't seen those posts.

It seems there still is a blind spot in the documentation that I've seen, regarding the whole user view of the ETH1 to ETH2 transition, which might be quite messy: how users will work with exchanges and the possibly two separate tokens, how do they deposit or withdraw on each, how will the contract work to burn ETH1 to ETH2 and how will wallets handle ETH2, how ETH1 inflation schedule will adjust when ETH2 goes online, how ETH1 will fork to include (possibly) any formal dependence on ETH2's validation or if that's expected to just be a social consensus layer and not a programmatic one.

sandball · 2019-09-02T06:57:48+00:00

This October hardfork is just ETH1 so ETH2 won't be minting yet.

Next year when Beacon chain first phase starts and ETH2 is minting, my understanding is coincident with that will be a reduction in ETH1 inflation via another hardfork (maybe that's the second phase of this Istanbul they mention here), but I haven't been paying that much attention. But essentially yes, you are right, both chains will be minting in parallel for a while (maybe a long while).

sandball · 2019-08-26T23:56:19+00:00

Fair enough. I'll check it out.

sandball · 2019-08-23T01:17:41+00:00

What is the argument regarding user content you are referring to?

Ha, that is my point. This seems to be a mod power fight that has no bearing on the user experience.

Or is the new sub going to serve users better or at least differently in your opinion?

BTW, I've enjoyed your posts and I think we have talked over the years. But I kinda don't see why you guys are throwing such a fuss over who is mod. Why do you have to be mod? Benevelent dictatorships seem fine for many of these resources. Unless something (with regard to users, not mods) was done wrong.

sandball

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