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Cryptocurrencies

Q99 said:
It's down south of 8k again and falling. Another round of pumping?

Also looking at the history, it's just so... artificial. So many 'it's a jagged line, then jumps up suddenly to a new level, holds there, then falls again.'
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I'm reminded of the chart that was posted a few pages ago:

Skelm said:
I saw this article yesterday arguing that 90-95% of the volume of the (supposedly) biggest bitcoin exchange is just wash-trading. This is comparing to other bitcoin exchanges mind, so the real value could easily be much higher. I mean, it can't be that much higher, they're definitely not faking more then 100% of their volume, but you know what I mean. The author spends a bunch of time talking about how much the price of various currency pairs would move on a large sale compared to the claimed volume, but honestly I think they could have just shown this volume graph at the start and be done with it:



Real volume charts are not perfect fucking sinusoids.
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Princess Bubblegum said:
how can I get into Petro? I don't know how any of this works btw
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Why would you want to get into Petro? It's subsidized by a failing economy and a worthless commodity; it's not gonna go well.

Given the Bitcoin Pumping Operations that are going on have led to a disturbingly regular pricing pattern, I'd suspect that you'd probably be better off making money by buying Bitcoin during one of it's slumps and then selling it when the bitcoin cult pump it back up a bit higher; It would require good timing to pull off, but if you can get even 10% interest per day, that lets you nearly double your money every week. After a month, your investment would be approximately 18x greater.

That is to say, the highly regular dips and spikes of Bitcoin in theory make it great for day trading. It's a highly volatile asset, but it's volatile in a predictable way.
 
Warning: Warning
  • Staff Post
    • warning
    Princess Bubblegum said:
    The goal isn't to make money, I want to do it for other reasons.

    I don't want a debate about this, I just want to do it.
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    If you're dead set on doing this, please turn to a different website for help. The topic is the various cryptocurrencies themselves and news surrounding them, not how to buy them.
     
  • Staff Post
    • To be fair, we've actually made a lot of advancements in fusion recently?

    And we're currently in the process of building a fuckhueg fusion reactor prototype in order to test and see if our math is right. Look up ITER sometimes.
     
    Vindictus said:
    To be fair, we've actually made a lot of advancements in fusion recently?

    And we're currently in the process of building a fuckhueg fusion reactor prototype in order to test and see if our math is right. Look up ITER sometimes.
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    That's not "cold fusion" though.
    "Cold Fusion" is the idea is that there's some process by which you can easily achieve fusion without the incredibly hot and complicated environment in a fusion reactor, and get energy out of that. The ideas there are stuff like electroylsis, chemical catalysts, and a bunch of other stuff like that. While some cold fusion ideas might acutally produce miniscule amounts of nuclear fusion, none of that is really energy-producing (and even those claims are dubious).

    So investing into cold fusion would indeed be about as wise as investing into AlchemyCoin.
     
    Serafina said:
    That's not "cold fusion" though.
    "Cold Fusion" is the idea is that there's some process by which you can easily achieve fusion without the incredibly hot and complicated environment in a fusion reactor, and get energy out of that. The ideas there are stuff like electroylsis, chemical catalysts, and a bunch of other stuff like that. While some cold fusion ideas might acutally produce miniscule amounts of nuclear fusion, none of that is really energy-producing (and even those claims are dubious).

    So investing into cold fusion would indeed be about as wise as investing into AlchemyCoin.
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    Oh, we know how to do cold fusion - you start with the liver of a fat goose.
     
    Serafina said:
    That's not "cold fusion" though.
    "Cold Fusion" is the idea is that there's some process by which you can easily achieve fusion without the incredibly hot and complicated environment in a fusion reactor, and get energy out of that. The ideas there are stuff like electroylsis, chemical catalysts, and a bunch of other stuff like that. While some cold fusion ideas might acutally produce miniscule amounts of nuclear fusion, none of that is really energy-producing (and even those claims are dubious).

    So investing into cold fusion would indeed be about as wise as investing into AlchemyCoin.
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    To history-dump on it, it arose as a concept when in 1989 a group reported an apparatus they were working on produced anomalous heat of an amount that only made sense with nuclear reaction. No-one was able to replicate it and they found the flaws in the original experiment that lead to the readings (and there were no nuclear byproducts) and it's generally viewed as a dead line of research, no model for how it'd occur would happen. It doesn't violate thermodynamics or anything, but if it is possible, which it might not be, we have no idea how it's done and no indication how or if it can be done.
     
    Actually muon catalyzed cold fusion works fine. The problem is doing it in a way that generates more energy than it consumes; just doing it in the first place has been a thing for decades.

    Also, it's the actual origin of the term "cold fusion", not the 1989 experiment mentioned above.

    The term "cold fusion" was coined to refer to muon-catalyzed fusion in a 1956 New York Times article about Luis W. Alvarez's paper.
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    At any rate, cold fusion is less implausible than the idea that somebody's figured out economic & safe mass elemental transmutation.
     
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    Avernus said:
    Actually muon catalyzed cold fusion works fine. The problem is doing it in a way that generates more energy than it consumes; just doing in the first place has been a thing for decades.

    Also, it's the actual origin of the term "cold fusion", not the 1989 experiment mentioned above.

    At any rate, cold fusion is less implausible than the idea that somebody's figured out economic & safe mass elemental transmutation.
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    Oh, that's much more interesting than the story I head.
     
    Australia is now requiring exchanges to register and report AML/CTF information:
    Article:
    From 3 April 2018 DCE businesses are required to meet AML/CTF obligations, including:

    • adopting and maintaining an AML/CTF program to identify, mitigate and manage money laundering and terrorism financing risks
    • identifying and verifying the identities of their customers
    • reporting to AUSTRAC suspicious matters, and transactions involving physical currency of $10,000 or more
    • keeping certain records for seven years.
    A 'policy principles' period of six months will be in place from 3 April 2018. During that period, the AUSTRAC CEO can only take enforcement action if a DCE business fails to take 'reasonable steps' to comply.

    Transitional registration arrangements will be in place for existing businesses to allow them to continue providing services while their registration application is being considered. Existing businesses providing DCE services will need to register by 14 May 2018.

    There will be criminal offence and civil penalty consequences if you provide digital currency exchange services without being registered.
     
    I've been loving the crypto-gaming community that is springing up there's some fascinating concepts popping up such as Immortal Player Characters which would allow people to use one singular character across multiple games, essentially you could ISOT Mario into Zelda's place if Nintendo got onboard.

    These guys have got to be the most impressive of the bunch.

    Mythereum: A Fantastically Distributed Trading Card Game
    Crystal Reign
     
    Cadis said:
    Ultimately is anyone actually offering services with these tokens? Or are they literally just pure fiat and scams?
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    I'm not sure whether you're still looking at this but yes there are a lot of DAPP's actually running.

    Aragon - Currently in Alpha/Beta but its current build more than works already, you can play with it yourself. Aragon
    Cipher - Cipher Browser - Mobile Ethereum Wallet and Web3 Dapp Browser
    Steem - steem
    Raiden - https://raiden.network/
    and lots more. I'm just a fan of these specifically, though Akasha is currently coming up and probably will overtake Steem, its got a far cleaner looking UI and UX that most likely will attract more people than Steem has.
     
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