Cryptocurrency

[Cyclonepride]

Waiting for benchmarks, of course, but those 20-series cards totally don't seem worth their cost hike based on what I've read. They'll sell like hotcakes anyway, but my opinion right now is that they're a rip-off. Maybe (hopefully?) I'm wrong.

I expect the 10-series cards to drop a bit to stock out when the new ones come... Or maybe, they could just stay where they are due to the 20-series hike.

They always do. My strategy is usually to buy the top of the line, state of the art computer from the previous year.

 

[3TrueFans]

Bump because this was the best thing I've seen in a while and it reminded me of BDK 3.0 and this thread. The Bitcoin price history put through a sound generator.

 

[GrappleCy]

Definitely not bumping this for laughs.

 

[Kypdurron]

Definitely not bumping this for laughs.

What are you laughing at?

 

[Jacktronic]

Should I buy the dip?

 

[MeowingCows]

I've noticed recently that GPU prices finally seem to have normalized for the most part. RAM costs have dropped down some too, but are still quite high.

Progress.

 

[ArgentCy]

The Semiconductor stocks are crashing. Expect prices on video cards and memory to follow. I would like to buy a computer or two to build before the end of the year for taxes but may wait.

 

[ArgentCy]

Should I buy the dip?

No, this will be a long glide path down. I will wait to see if we find a few winners that people actually use and like.

 

[Kypdurron]

No, this will be a long glide path down. I will wait to see if we find a few winners that people actually use and like.

Agreed, this is the Darwin correction. It is needed to kill off bad projects and force people to focus on the actual tech not on making money.

 

[Kypdurron]

The Semiconductor stocks are crashing. Expect prices on video cards and memory to follow. I would like to buy a computer or two to build before the end of the year for taxes but may wait.

The Nvidia 20 card line was disappointing from a gaming stand point, while it introduces a new technology most games don't use it. I would expect to see 2080/70 cards to be much more affordable in 6ish months time.

 

[MeowingCows]

The Nvidia 20 card line was disappointing from a gaming stand point, while it introduces a new technology most games don't use it. I would expect to see 2080/70 cards to be much more affordable in 6ish months time.

2080's and 2080ti's also have a tendency to stop working shortly after purchase. Not a good release for nVidia this time around (it won't really hurt them at all, but still). They will drop in a few months for sure.

 

[JP4CY]

https://econ.st/2RARdEw

 

[Mtowncyclone13]

This is a great time to buy Bitcoin or any decent cryptocurrency. GVT has more than doubled since I bought it at the end of last month. Plus, shorting Ethereum has gained me so much Bitcoin it's amazing.

According to this post you bought around $5.50/coin. It's now worth <$3/coin.

Been a month since I last check the market and wow I'm down a **** ton of money. I think crypto grew too fast too quick

Have you checked recently?

It is going to go back up, there are dips every Q1, granted this is the most severe we have experienced but we have seen more regulation in the last 6 months then in the last 4 years. If you got in to get rich in a month then it's not going to look good.

My book is up 300% still since the same time last year, as always keep calm and hodl.

How you doing now?

 

[Pickman]

According to this post you bought around $5.50/coin. It's now worth <$3/coin.



Have you checked recently?



How you doing now?

Yeahh, I sold all my shitcoins a long time ago. Mainly been shorting Ethereum, LTC, and BTC for the past few months.

 

[ISUCyclones2015]

Yeahh, I sold all my shitcoins a long time ago. Mainly been shorting Ethereum, LTC, and BTC for the past few months.

EL OH EL

 

[besserheimerphat]

Looks like Bitcoin and Blockchain are in fact vulnerable to "double spend" attacks, allowing miners to spend a single coin not just twice but n times.

Bitcoin is Less Secure than Most People Think

In a double spending attack, the attacker sells say bitcoin for dollars. The bitcoin transfer is registered on the blockchain and then, perhaps after some escrow period, the dollars are received by the attacker. As soon as the bitcoin transfer is registered in a block–call this block 1–the attacker starts to mine his own blocks which do not include the bitcoin transfer. Suppose there is no escrow period then the best case for the attacker is that they mine two blocks 1′ and 2′ before the honest nodes mine block 2. In this case, the attacker’s chain–0,1′,2′–is the longest chain and so miners will add to this chain and not the 0,1… chain which becomes orphaned. The attacker’s chain does not include the bitcoin transfer so the attacker still has the bitcoins and they have the dollars! Also, remember, even though it is called a double-spend attack it’s actually an n-spend attack so the gains from attack could be very large. But what happens if the honest nodes mine a new block before the attacker mines 2′? Then the honest chain is 0,1,2 but the attacker still has block 1′ mined and after some time they will have 2′, then they have another chance. If the attacker can mine 3′ before the honest nodes mine block 3 then the new longest chain becomes 0,1′,2′,3′ and the honest nodes start mining on this chain rather than on 0,1,2. It can take time for the attacker to produce the longest chain but if the attacker has more computational power than the honest nodes, even just a little more, then with probability 1 the attacker will end up producing the longest chain.

The blog post contains a link to the paper (pdf). We are learning just how important trust is when it comes to transacting in society. If trust is so valuable, why are we trying to eliminate it?

 

[Doc]

What's the deal with the price going up again? Wonder if I should hold on to my bitcoins or convert it all into meat.

https://bitcoincarnivory.com/

 

[SpokaneCY]

What's the deal with the price going up again? Wonder if I should hold on to my bitcoins or convert it all into meat.

https://bitcoincarnivory.com/

You can buy a coal mine in Montana pretty cheap. That stuff will never go out of style while meat can spoil.

 

[Doc]

Big run right now.

 

[Doc]

https://www.vox.com/the-goods/2019/6/20/18691848/bitcoin-family-life-savings-cryptocurrency