Is anyone else starting to become a bit worried? mod note in first post

grindle

kaymin wrote: »

It's unclear what, if any role the current batch of crypto currencies may have with this initiative.

Quorum is a private fork of Ethereum, aims for interoperability when appropriate whilst maintaining privacy when appropriate.

kaymin

grindle wrote: »

Quorum is a private fork of Ethereum, aims for interoperability when appropriate whilst maintaining privacy when appropriate.

I understand JP Morgans approach that builds something that can operate with other initiatives such as ethereum such that they're not also trying to reinvent the wheel.

What's not so clear is where crypto currencies fits in. The only reference to crypto currency I could see was here:

'Last year, Quorum coupled with privacy-centric cryptocurrency zcash, to integrate a layer of security layer of zero-knowledge cryptography on top of its blockchain.

Called the "zero-knowledge settlement layer," this allows for zero-knowledge ethereum tokens that only reveal information such as transactional quantity and ownership, and that notably doesn't reveal anything else about the function of the tokens.'

Are these zero knowledge ethereum tokens the same tokens that are being bought and sold for hard cash?

Manic Moran

I'm not complaining, but can someone tell me what's going on? It's a sort of free-fall in reverse....

grindle

kaymin wrote: »

Are these zero knowledge ethereum tokens the same tokens that are being bought and sold for hard cash?

They can be contracts involving Ether bought for hard cash, private forked Ether, ERC tokens or private tokens. Data which needs to have it's validity confirmed between some parties but not necessarily all parties can be hidden with zkSnarks. Very useful for any tx that requires privacy whether private or public chain.
Imagine a consortium chain where you don't want member B to know the terms of a contract between members A and C.
Or imagine if member C left the consortium chain but all they have to do is leave a node running to know what the present and future dealings are between A and B. This is what zkSnarks is for.

Father Hernandez

Manic Moran wrote: »

I'm not complaining, but can someone tell me what's going on? It's a sort of free-fall in reverse....

Shhh.... don’t jinx it :cool:

ZeroThreat

Manic Moran wrote: »

I'm not complaining, but can someone tell me what's going on? It's a sort of free-fall in reverse....

Don't knock it, probably means that Pintman Paddy & JohnnyFlash's postings on this subforum will diminish....

Pintman Paddy Losty

Pintman Paddy Losty wrote: »

I've given my prediction. Short term gains for BTC followed by a major correction.

I would advise most people to cash out this summer.

Eh... I predicted this. Only person here who was willing to do so. As usual I have been proven correct.

grindle

Pintman Paddy Losty wrote: »

Eh... I predicted this. Only person here who was willing to do so. As usual I have been proven correct.

The major correction and collapse to zero of the entire worthless market has to happen before your sage/broken clock status is confirmed.

JohnnyFlash

grindle wrote: »

The major correction and collapse to zero of the entire worthless market has to happen before your sage/broken clock status is confirmed.

That will happen. Maybe not quite to zero, but enough to clear out all the alta. I’m more convinced than ever that this crypto currency craze is just a mad speculative bubble with a few large players influencing everything. The daily traded volumes are tiny at the moment.

nelson9

Tiny? $29 billion was traded yesterday...?

Goldman hired their first crypto trader this week. There are stable coins emerging that will compete with Tether, Basis announced it raised $133 million on April 18th. On April 16th Barclays emailed all of their whale clients asking do they want to get into crypto.

Big wall street money is yet to come.

WhiteMemento9

ZeroThreat wrote: »

Don't knock it, probably means that Pintman Paddy & JohnnyFlash's postings on this subforum will diminish....

If you can't laugh at the clowns then you are doing it wrong

asteroids over berlin

this cycle is nothing new, still a long way to go yet to hit the highs of Late last year, i expect to see all time highs in the coming months, cashing out by summer is just a bit OTT (not financial advice!!), why do you say this? Look at the trends over the years, each year there is just more money at play before each big dip, history doesn't always repeat itself and 1 day it won't and indeed many coins will fail, arguably many projects already have, they are just so far down you haven't noticed them other than bitconnet
Personally i can see the likes of China allowing people to invest again this year. As more of the projects come to fruition i.e. a working application/framework etc, the only way is up for the good solid projects, which you should be investing in already. Already we can see the beginning of adoption, it is just like the dot come bubble with speculation, indeed many will fail, many will prevail and a few will be giants along with this, alas, some investors will get burnt, some will do ok, some will do very well and some will be multi millionaires/billionaires.

It is far from over! * not financial advice

lifeandtimes

asteroids over berlin wrote: »

this cycle is nothing new, still a long way to go yet to hit the highs of Late last year, i expect to see all time highs in the coming months, cashing out by summer is just a bit OTT (not financial advice!!), why do you say this? Look at the trends over the years, each year there is just more money at play before each big dip, history doesn't always repeat itself and 1 day it won't and indeed many coins will fail, arguably many projects already have, they are just so far down you haven't noticed them other than bitconnet
Personally i can see the likes of China allowing people to invest again this year. As more of the projects come to fruition i.e. a working application/framework etc, the only way is up for the good solid projects, which you should be investing in already. Already we can see the beginning of adoption, it is just like the dot come bubble with speculation, indeed many will fail, many will prevail and a few will be giants along with this, alas, some investors will get burnt, some will do ok, some will do very well and some will be multi millionaires/billionaires.

It is far from over! * not financial advice

Covering all your basis there haha

Dohnjoe

Manic Moran wrote: »

I'm not complaining, but can someone tell me what's going on? It's a sort of free-fall in reverse....

Natural crash in Feb after ridiculous rises in Dec and Jan. Market rebounded, but the drops kept coming. Every time it seemed a new floor was found, it would drop again, lowering market confidence each time. Seems to have bottomed out end of March, confidence returning, people picking up what they feel are bargains. It's likely a lot of people who opened accounts and bought in Dec/Jan feel they are "getting in early" before the next big rise (if there is one)

No idea what happens next

brendanwalsh

Hard to know what to make of it all tbh
Lot of rubbish being posted online

Back at the slaughter house, I'm feeling hungry...

Chancer3001

brendanwalsh wrote: »

Hard to know what to make of it all tbh
Lot of rubbish being posted online

Back at the slaughter house, I'm feeling hungry...

Would a bacon buttie suffice until there are whole hocks if bacon again ?

I'd will you be feeding on pork scratching all summer ?

Or dare I say it... a vegetarian ?

Matt Simis

Dohnjoe wrote: »

Natural crash in Feb after ridiculous rises in Dec and Jan. Market rebounded, but the drops kept coming. Every time it seemed a new floor was found, it would drop again, lowering market confidence each time. Seems to have bottomed out end of March, confidence returning, people picking up what they feel are bargains. It's likely a lot of people who opened accounts and bought in Dec/Jan feel they are "getting in early" before the next big rise (if there is one)

No idea what happens next

Actually a few places and accounts from Dec/Jan latecomers have just been opened, so they really are getting into the game just now.
Also big VC firms like Andresson Horiwitz have started/continued making moves into Crypto Investing itself. ICO's raised more in 2018 thus far than all of 2017. Blockchain job postings doubled year on year.

Yes the prices were crappy but they dont directly and perfectly reflect whats actually happening at an industry level (which is not an investment industry anyhow).. they might be snapping back to reflect the optimism in this sector now however.

ZeroThreat

lifeandtimes wrote: »

Covering all your basis there haha

Safest thing to do in a protracted bull run is to sell off portions of your holdings as the prices continue to go up. If I'd been more savy rather than a wide eyed crypto-newbie, I would have locked in much of the 'digital profits' I made back at the very end of last year....:o

JohnnyFlash

Proper organic bull run going on at the moment, lads. Fresh money entering the market. Presume you've all lumped in the savings on the expectation of huge profits. The fundamentals are sound? Could BAT go x10 this year?

Regards,

Tether.

Pintman Paddy Losty

JohnnyFlash wrote: »

Proper organic bull run going on at the moment, lads. Fresh money entering the market. Presume you've all lumped in the savings on the expectation of huge profits. The fundamentals are sound? Could BAT go x10 this year?

Regards,

Tether.

Is BTC sudden rise related to this

NEWS

Tether, the altcoin backed by fiat currencies USD and EUR, has issued another 300 mln USDT tokens priced at $1 per token on Tuesday March 20, according to data from Omni Explorer.

https://cointelegraph.com/news/controversial-tether-issues-300-mln-in-new-tokens-critics-react

JohnnyFlash

WhiteMemento9 wrote: »

If you can't laugh at the clowns then you are doing it wrong

Less of the personals please. No need to get offensive just because people are sceptical about magic coins and lambo culture.

grindle

JohnnyFlash wrote: »

Less of the personals please. No need to get offensive just because people are sceptical about magic coins and lambo culture.

If you can't have enough respect to read up on this tech why should you be shown respect? Now, I'm not saying you're a clown, but... You act like a clown. Why not accept the badge as an honour? A bunch of people who you think of as clowns think of you as one too!
#JustLikeUs

magic coins and lambo culture

How are the coins magic? Who on this forum mentions lambos the most?

Hint: use search bar->discover that it's you->continue acting like a snide clown.

lifeandtimes

JohnnyFlash wrote: »

Less of the personals please. No need to get offensive just because people are sceptical about magic coins and lambo culture.

If youre going to be condescending about it then you will receive the same respect back.

No one asked you to be here, youve explained you find it fascinating but i think its more the psychology and mindsight behind the people you find fascinating and not the tech itself, which is why you like to chime in and say things like "magic beans this" and "tether that" to incite a reaction to see how people respond.

Plenty of other forums to wind people up in

JohnnyFlash

grindle wrote: »

If you can't have enough respect to read up on this tech why should you be shown respect? Now, I'm not saying you're a clown, but... You act like a clown. Why not accept the badge as an honour? A bunch of people who you think of as clowns think of you as one too!
#JustLikeUs

magic coins and lambo culture

How are the coins magic? Who on this forum mentions lambos the most?

Hint: use search bar->discover that it's you->continue acting like a snide clown.

I have read up on the tech, and I think it’s a load of horseshït. It’s not private, is very inefficient, uses huge amounts of energy, and solves almost no use cases whatsoever. I think a load of fly by night shysters have made a load of money by using ICOs as a way of parting fools from real money. Hype around blockchain is at an all time high. I think the scene around trading magic coins is overwhelmingly populated by geeky neckbeards of below average intelligence.

copeyhagen

was trying to buy a decent graphics card few weeks back when my gaming rig card packed in... ****in nightmare, some mining rigs running 8-12 of the card I was looking for, prices have been driven to ridiculous amounts, for this alone I hate the whole thing!!

lifeandtimes

copeyhagen wrote: »

was trying to buy a decent graphics card few weeks back when my gaming rig card packed in... ****in nightmare, some mining rigs running 8-12 of the card I was looking for, prices have been driven to ridiculous amounts, for this alone I hate the whole thing!!

Didnt Nvidia claim that the increase in price and lower availability of cards was due to the increase in gamer confidence and had absolutley nothing to do with crypto mining hahaha

grindle

JohnnyFlash wrote: »

I have read up on the tech, and I think it’s a load of horseshït. It’s not private, is very inefficient, uses huge amounts of energy, and solves almost no use cases whatsoever. I think a load of fly by night shysters have made a load of money by using ICOs as a way of parting fools from real money. Hype around blockchain is at an all time high. I think the scene around trading magic coins is overwhelmingly populated by geeky neckbeards of below average intelligence.

Put your money where your mouth is then, make a killing. You know best so it should be very easy to short a market that's headed to zero - you'll be the next George Soros!
Or, y'know - just keep spamming the forum with your ramblings, I'm sure that'll pay off somehow. Idle hands do the devil's work and all that.

A rake of the world's top MNCs, the most highly sought-after programmers in the world, the flow of brains being drained from Silicon Valley and the banking industry vs JohnnyFlush. It'd make a great biopic, you'd be the Oscar Schindler-style protagonist saving blockchain zealots from the blockchain fascists with your in-depth mutterings of "magic beans" and refusal to believe that a technology still in alpha or beta stage could possibly get better, more efficient, less ecologically damaging, more useful.
You're the epitome of a mindless, hopeless luddite.

JohnnyFlash

grindle wrote: »

Put your money where your mouth is then, make a killing. You know best so it should be very easy to short a market that's headed to zero - you'll be the next George Soros!
Or, y'know - just keep spamming the forum with your ramblings, I'm sure that'll pay off somehow. Idle hands do the devil's work and all that.

A rake of the world's top MNCs, the most highly sought-after programmers in the world, the flow of brains being drained from Silicon Valley and the banking industry vs JohnnyFlush. It'd make a great biopic, you'd be the Oscar Schindler-style protagonist saving blockchain zealots from the blockchain fascists with your in-depth mutterings of "magic beans" and refusal to believe that a technology still in alpha or beta stage could possibly get better, more efficient, less ecologically damaging, more useful.
You're the epitome of a mindless, hopeless luddite.

Calm down amigo. You’re in danger of causing yourself a stress related breakdown. I didn’t bang your sister or anything, just putting across my view that blockchain as a tech, and crypto as an ‘investment’ are both steaming piles of fresh dung. There’s nothing a blockchain offers that can’t be done cheaper, faster, more securely using existing technology. Bitcoin and all the other buttcoins are just a libtard fantasy.

Woke Hogan

grindle wrote: »

Put your money where your mouth is then, make a killing. You know best so it should be very easy to short a market that's headed to zero - you'll be the next George Soros!
Or, y'know - just keep spamming the forum with your ramblings, I'm sure that'll pay off somehow. Idle hands do the devil's work and all that.

A rake of the world's top MNCs, the most highly sought-after programmers in the world, the flow of brains being drained from Silicon Valley and the banking industry vs JohnnyFlush. It'd make a great biopic, you'd be the Oscar Schindler-style protagonist saving blockchain zealots from the blockchain fascists with your in-depth mutterings of "magic beans" and refusal to believe that a technology still in alpha or beta stage could possibly get better, more efficient, less ecologically damaging, more useful.
You're the epitome of a mindless, hopeless luddite.

Hasn't blockchain been around for almost a decade? At what point does a technology leave the alpha or beta stage after ten years?

JohnnyFlash

Woke Hogan wrote: »

Hasn't blockchain been around for almost a decade? At what point does a technology leave the alpha or beta stage after ten years?

And without a single genuinely useful implementation since then. Unless you count speculating on its price, or buying kiddie porn as useful implementations.