Are you taking a page out of the Menero trolls playbook?

Everyone is eyeing up overtaking LTC before thinking about taking trading profits.

its just sad that someone who is interested in Darkcoin and InstantX and raises a topic on it gets such venim
fud reply posts. Ofcourse its always the same people doing these attacks.

Only in this case the fudders cant delete our opinions as they so often do in their own negative posts as this OP
seems rather interested in Darkcoin.


  
 

I'm more convinced than ever that BTC is basically dead. This is a bold statement to make of a 3.5 billion dollar currency, but consider the facts: meaningful development has completely ceased.

1) Consider that two years ago, when I first entered the crypto scene, the BTC community was debating how to fix the 7 TPS problem (bitcoin can only process seven transactions per second--a major obstacle for a currency seeking worldwide adoption). Today, they are still arguing over it. No changes or improvements have been made. Then the argument was over increasing block size to 2 MB. Now Gavin wants to increase block size to 20 MB. And still, two years later, nothing has happened.

2) Two years ago, scalability was a huge concern. The bitcoin blockchain is so enormous that fewer and fewer nodes are able to host it. Since then, the blockchain has only grown larger, and no conversations on blockchain pruning have gone anywhere. No new ideas have been developed, let alone adopted.

3) The number of full nodes is dropping drastically. In part this is due to the size of the blockchain, and in part is due to the total lack of incentive in running a full node. Full nodes use lots of bandwidth, and there is no reason short of altruism for people to run one.

4) Centralization problems haven't been solved. In the last two years, two major 51% scares have happened, both involving ghash.io. Each time the alarm bells ring, new ideas are offered, and absolutely nothing changes.

Bitcoin has become the slow-moving behemoth that is totally unable to innovate due to overwhelming inertia. Bitcoin is the IBM, the Microsoft, of today's rapidly-changing world. In the last two years, the most significant change that Bitcoin has actually made was in calculating transaction fees for immediate inclusion into a block. There have been other backend fixes, etc., but no actual meaningful improvements or new features.

The really sad thing is the closed-mindedness of all the fanboys. They can't conceive of anybody doing it better than their precious Bitcoin, and so they circle the wagons and attack anybody who actually tries to innovate. Bitcoin is not going away anytime soon, but neither is it going to hold the #1 position in crypto forever, either.

Which one is it?  Is BTC dead, or is it not going away?   

Logical consistency is not your forte.  No wonder you are so happy here in the warm bosom of the DARSH cult.  You fit right in.  Welcome home!

Bitcoin is antifragile.  The 1MB limit is forcing innovators to do more with less, which ultimately strengthens the system, while the light footprint keeps the network small and defensible.

Even with 20MB++ Gavin-tainted BloatBlocks, BTC would still be better than DARSH because it doesn't have that lame trusted Masternode nonsense to ruin the point of trustless proof of work.

Thanks! Couldn't agree more about the blockchain bloat issue. Somebody wrote something the other day that stuck with me--Bitcoin devs are basically doing nothing but hoping that Moore's Law outpaces the growth of the blockchain.

Isn't that a hell of a thing? The community is basically hoping that improvements in hardware will overcome their complete inability to implement an actual solution. That's a lot like me having a $700 a month electric bill, and instead of weatherizing my house, simply hoping that my salary continues to rise fast enough to make ends meet!

...at amateur level at least  

It turns out that analysis of price cycles is not unlike vibrational analysis in resonant structures. My background was in aeronautical engineering and when I started looking at trading charts I just used that as a crutch Price cycles within price cycles.

The reason that your plane doesn't shake itself to pieces when it hits a bit of turbulence is that the natural vibrational frequencies of the engines and various parts of the structure all work against each other. That characteristic is actually designed into the plane using some incredible boffin-zone mathematics that can let the engineers tune the weights and dimensions of each component so the structure as a whole is perfect vibration "sink".

There's an amazing example available in engineering history of what can happen if they 'get it wrong'. "Galloping Gerty" was a suspension bridge across the Tacoma Narrows which was destroyed in what was more or less a light breeze. Have a look !

https://www.youtube.com/watch?v=j-zczJXSxnw

Bitcoinwisdom is an incredible piece of kit which basically does the aircraft engineer's job in reverse. It takes a single price signal plotted against time and decomposes it into its constituent "harmonics". So that's like taking the bumps you feel in the plane when it hits a cloud and breaking it down into the engine vibration, the fuselage bending, the wings oscillating and so on. Bitcoinwisdom lets you see if one is "dampening" out the other or helping it. It shows you the long, slow price cycles (like the aeroplane wings) and rapidly oscillating ones (like the engine vibration) inside those cycles.

Of course, none of that's any use unless you read the news as well   It just helps you see how the price is developing and occasionally the various cycles act in resonance to produce a "galloping gerty" of the markets. Also, "proper" T/A people that actually know what they're doing use a whole pile more indicators that give you a more professional picture of things, but hey - I'm just having fun, not trading bonds for Goldman Sachs.

With respect to DASH's dual layer architecture, the word "resonance" I used in that context is to do with the massive leverage in functionality you get by having 1 more "mode" in which the network can operate. It's a bit like music. If you have 1 sinewave oscillator, you can only make 1 note and 1 tone. With 2, you can make an infinite number. On an oscilliscope you'd be able to make any shape of wave that looked nothing like either of the 2 source waves. This is why Evan is stumbling across one after the next solution to problems that are proving PITA's for others, because you need the 2 distinct "oscillators" to create dynamics that give you the functional diversity to address such a broad range of issues.

I mean, look at the alternative approaches:

In the "anon" space they need to use an absolute overkill amount of cryptography that then characterises the nature of the entire network just to solve that one simple problem. A bit like pouring a bowl of soup into a barrel of salt to improve the taste and then having to eat the barrel load instead of just sprinkling a few grains into the bowl.

In the "scaleability" space they're talking about similar sledgehammer tactics - huge increases in block sizes and whotnot that has got everyone quaking in their boots.

In the "performance" space, they need to add extra buffering layers or accept one or zero confirmations before the customer walks off.

In all these cases, DASH's dual mode approach has "walked it", arriving at natural, high performance solutions that are the ones any regular software systems designer would arrive it without even thinking about. The beauty of this one though is that it isn't a formal client-server architecture but a single, unified peice of software that works in 2 modes. So the service-oriented aspect of it is logical, not physical and the network is self resonating. The wallet daemon is the same across the whole network (unlike the idea that many critics of this technology like to try to promote) and, in keeping with the decentralised nature of this tech, anyone can launch any node, in any mode, anywhere, anytime and have it make a full, redundant contribution to the network. ("Redundant" in this case meaning the role is duplicated throughout the network).

Don't get me started on all this stuff or I'll be here for the next 100 pages and no-one will get a word in edgeways  

Suffice to say that trading analysis and system analysis might not be so far apart as they look (at least not for amateurs that like to "wing it" like me   )

Beautiful 1 WEEK MACD

I love reading your posts Toknormal. Your insight into how stuff works is extraordinary.

I've had a pilots licence for over 30 years (just a hobby, not professional). I've flown just about all of the mainstream single engine light aircraft. One thing that I've done many times while on a longer trip somewhere is to be flying along straight and level at a consistent altitude and pull back on the control column until the aircraft climbs 100 feet (but without making any changes to power or trim settings) and then let go of the controls completely to observe how many up and down oscillations the aircraft goes through until it returns to straight and level of its own accord. When it's settled down I'll then apply the same amount of back pressure again until it climbs 200 feet and repeat the process. I've done this to the point where I've pulled back for so long (still without any power changes) I've had the aircraft climb a couple of thousand feet and brought it within a few knots of a stall.

As you'd know with your background, aeronautical engineers design aircraft with varying levels of stability/instability. It's interesting that some aircraft I've flown can be ascended and returned to stability without needing to intervene for only a few hundred feet of change to their cruising altitude using this process whereas other ones can be taken almost to a complete aerodynamic stall and will return to straight and level of their own accord (albeit with rapid acceleration on the initial downwards movement that takes some nerves to sit there and watch as the airspeed indicator races towards Vne and you still have the same cruise power set!)

The point of what I'm writing about is that, like you, I can see all of these same phenomena within trading environments too. What you describe about the price signal that Bitcoinwisdom uses so brilliantly is something I'm constantly in awe of too. And you can see this stuff at work in nature as well. It's part of the reason fisherman are still getting washed off rocks in places all over the world; they see how big the waves are but forget about the "every 7th wave" phenomenon and a big one comes while they're looking down and whoosh.

Keep posting; I really enjoy your writing.

with settings -> indicator --> MACD

Thanks! I'm by no means a Chartist but I like the StochRSI