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Daily Crypto Nooooooz

Started by indiamikezulu, February 28, 2017, 12:47:57 AM

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jackielove4u

Quote from: indiamikezulu on August 03, 2017, 02:04:07 AM
This chart says it all: https://bittrex.com/Market/Index?MarketName=BTC-GRS

Alcurex is still in limbo.

GRS-LTC on Cryptopia shows a much tighter buy-sell spread. I picked up 1,000 GRS there just yesterday.

GRS-DOGE: I love Doge. Everyone loves Doge, but that's not the same as being prepared to buy in during its long-slow-decline phases. Zero volume on this pair.

GRS-ETH: sigh: I hoped to get some volume here; but Eth's recent screw-ups have made that hard. If anyone wants to buy ETH with GRS, contact me.
https://bitcointalk.org/index.php?topic=458732.msg20596170#msg20596170

indiamikezulu

Quote from: jackielove4u on August 04, 2017, 01:11:54 AM
Quote from: indiamikezulu on August 03, 2017, 02:04:07 AM
This chart says it all: https://bittrex.com/Market/Index?MarketName=BTC-GRS

Alcurex is still in limbo.

GRS-LTC on Cryptopia shows a much tighter buy-sell spread. I picked up 1,000 GRS there just yesterday.

GRS-DOGE: I love Doge. Everyone loves Doge, but that's not the same as being prepared to buy in during its long-slow-decline phases. Zero volume on this pair.

GRS-ETH: sigh: I hoped to get some volume here; but Eth's recent screw-ups have made that hard. If anyone wants to buy ETH with GRS, contact me.
https://bitcointalk.org/index.php?topic=458732.msg20596170#msg20596170

Thanks for this, Jackie. Let's watch Alcurex.

indiamikezulu

' . . . it is enough if the police . . .  don't like your smell.' https://www.reddit.com/r/CryptoCurrency/comments/6raq1f/biggest_german_bitcoin_platform_bitcoinde/

The comments are an unusual 'overlap' of cryptos and politics. A lot of good information here.

indiamikezulu

Okay, folks reading this are likely trading the English-language pairs, and also likely doing most of their trading on the Bittrex BTC-GRS pair.

And the Coinexchange GRS-ETH pair just hasn't kicked off.

H o w e v e r, if you aren't a big-time player, think about doing some bargain-hunting on the lower-volume exchanges/pairs. I use 'bands' -- that is, if the price is 4000, put in some buy-bids in at pluse-minuse 3000, and some sell-bids at plus-minus 5000. It does require that you leave coin on the exchange; but only small amounts.

I use paper charts (vision-impaired, me). So I usually don't even need to log on: just go to the exchange, and you can see if your bids have gone through or not.




indiamikezulu

' . . . we could still see another split.'

https://news.bitcoin.com/segwit2x-and-the-tale-of-three-bitcoins/

Nothing is definitive in cryptos, but look at this: https://bittrex.com/Market/Index?MarketName=BTC-GRS

We (us 'IndiaMikeZulu' guys) have endless theoretical discussions – ENDLESS. Been at it since mid-2013. One notion is the psychology of 'back-stop coin.' Yes, indeed, there's no escaping it, Bitcoin is a major player; but a primary reality is:

'Which coin do you "go home" to?'

GRS got no ICOs. GRS got no splits or threats of splits. GRS got solid development and mid-term winding-down of emission (incoming mined coins).

So I and some others are simply putting our money where our mouths are: steadily accruing GRS, so we can make it our 'home base.' Probably take three or four years to get enough of a stake. Whatever.

indiamikezulu

Easy one today: Cryptopia has long had slow periods; but in recent days it's been so slow as to be almost unworkable -- for me. Anyone else having this problem?

AND: if you care to, come and help us find out how to navigate a Chinese-language GRS site:

https://www.reddit.com/r/groestlcoin/comments/6rj7wq/can_nonchinese_open_an_account_at_yobtccom/?utm_content=title&utm_medium=hot&utm_source=reddit&utm_name=groestlcoin


indiamikezulu

Doubtless many wonder why I make such a fuss about the GFC/debt. Well, the tenth anniversary is bringing out the detail:

'Lord Darling said there would have been "blind panic" had the government not intervened.'

https://www.theguardian.com/business/2017/aug/09/alistair-darling-rbs-said-they-would-run-out-of-money-in-early-afternoon


indiamikezulu

Cryptopia is back to normal.

indiamikezulu

'Social Security hopes that 'real' interest rates, i.e. inflation-adjusted interest rates, will be at least 3.2%.

This means that they need interest rates to be 3.2% ABOVE the rate of inflation.'

http://www.zerohedge.com/news/2017-08-11/social-security-requires-bailout-thats-60x-greater-2008-emergency-bank-handout


Strength of economy = strength of national fiat currencies = future values of cryptos. This situation is an iron-clad guarantee that cryptos will flourish.

indiamikezulu

The front page (at least) of Coinmarketcap has gone nuts. Bitcoin has jumped to $4123 (Coindesk). All other alts -- tee hee, except GRS!! -- taking a hammering.

indiamikezulu

We'll just call it 'the Bittrex memo' -- the one about having to have 15 BTC on the buy-side in order to stay listed. At least one other community that I know is paying attention to this.

And we are actively considering how a P2P initiative might improve the situation.

indiamikezulu


indiamikezulu

#208
Woo hoo! Krypto Noooz is back: my computer was being re-built, so I took a week off.

http://www.zerohedge.com/news/2017-08-25/bitcoin-really-anonymous-irs-moves-track-cryptocurrencies-new-chain-analysis-tools

Now, let me say clearly here that I'm not encouraging anyone to do anything bad or mad. I just want to make a point about where cryptos have come from/where they are going:

cryptos were originally traded p2p -- there were no exchanges -- and that was a reflection of the political values of the pioneers. Then . . . along came the (centralised) exchanges

BAM! Wild speculation!

Now, at that point, there were two different schools of thought on Planet Krypto: One, cryptos are a libertarian political instrument. Two, cryptos are a payment method.

My point here is that articles like the one linked above simply assume that cryptos are primarily payment methods and speculative instruments -- which puts banks and commercial enterprises and Departments of Taxation and 'chainanalysis' at the very centre of the web. This is the 'Fintech' model.

But once local networks of GRS folks simply start buying from and selling stuff to one another directly, the ability to/interest in tracking and analysing the blockchain will (certainly in the face of increasing socio-economic disruption) decrease. In short, Governments are being overwhelmed.

indiamikezulu

#209
Sunday-Morning Theory

You get an interesting result, campers, if you define 'cryptographic currency' by its politics rather than its technology -- and I don't claim to be right about this, or want to start an argument. Just want to get some perspective on a thing we've been expecting: 'corporate coins':

A cryptographic currency is non-Governmental and decentralised. But the Government/centralised aspect has, on Planet Krypto, a strong and clear sense of non-inflatable: it is the fact that a crypto is decentralised/non-Governmental that saves it from the debasement (often called 'inflation').

So, what about Truck Coin? Which has 200% interest per year? Answer: it's a crypto with all the problems of a Government fiat.

What about Commy-Gov LoveYourNation Coin?

Think back on the discussions of 2013 about What Money Is. Those who argued that money (Government fiats) is 'physical' – notes and coins – kept forgetting that enormous amounts of it isn't physical: it's 0s and 1s on data bases. This bought us back to reality: physical-ness is irrelevant. It's about (a) the money being valued because it's Governmental, and (b) the Government can debase it.

So here's what's going to happen: Governments will print their (largely-electronic) fiats until even Mr. and Mrs. Ordinary begin to figure out that all is not well. Then they'll 'discover' 'cryptos,' and issue one:
http://www.investopedia.com/news/chinese-government-developing-its-own-cryptocurrency/

But it's not a crypto. Politically. It might be one technically. But its dev team will occasionally get a phone call telling them to double the number of units in the currency – debasable.

So, let's call these instruments 'e-fiats.'

And corporations will do the same thing; and because I hate Ronald McDonald so much, we're gonna call them 'Ronald Coins.'