I'm a Cryptojew AMA - watch me trade (sometimes poorly)

How important is selecting a pool close to you?

I'm from the shire and anywhere other than Australia is a fucking long-ass distance away
 
Tom Spring said:
How important is selecting a pool close to you?

I'm from the shire and anywhere other than Australia is a fucking long-ass distance away
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It does matter, since whatever you're working on becomes invalid next block, so getting your work in sooner can net you some extra gains. 200-400ms isn't going to kill you though, but consider that XMR blocktime is ~2 minutes, so losing a full second (or more considering round-trip+new job assignment) isn't just a rounding error.

Note that latency matters a lot more when using P2Pool-style decentralized mining pools.
 
Do you have any idea, or a wager that you would make, regarding when the BTC bubble is going to burst, and what value it's going to fall To?

Unrelated, in 2012, I spent 94 BTC on I think half a pound of weed and a bunch of coke. If I kept it(Never thought BTC would take off. Hindsight is a bitch), it would be a cool 1.5 million at current extremes.
 
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JSGOTI said:
Do you have any idea, or a wager that you would make, regarding when the BTC bubble is going to burst, and what value it's going to fall To?
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Nope, but I'm keeping an eye on the USDT controversy. Bitfinex's pseudo-PR guy Chris Ellis is currently being scrutinized because he removed what he called an "NDA canary" from his twitter profile: https://twitter.com/Bitfinexed/status/941694580956811264

To give context, Chris Ellis was conflicted when "joining" Bitfinex as a "consultant" after Zane did a terrible job doing social media/PR for Bitfinex during the original Bitfinex hack. Trying to tread a line between "well known, independent crypto-guy providing paid advice during time of crisis" and "paid Bitfinex shill" he continues to downplay his role at Bitfinex. During this transition he stated he was going to place a "NDA canary" in his twitter profile as a mechanism to downplay the fact he did sign an NDA as part of this consulting gig.

He's now in a tough spot where his hands are tied, he does not have the ammunition to directly respond to Bitfinexed, and the longer this goes on the sketchier it becomes. The canary is now gone, and I can only imagine he had a meeting where it became clear that "we can't talk about this, because yes, USDT is sketchy as fuck and the banks will crack down on us if we start talking specifics" and he's trying to take an idealistic stand.

I'm not a lawyer, but I remember reading once that warrant canaries didn't really have a legal basis (for FISA court). I'm not sure how much a judge is going to by the excuse that your removal of a signal that you had previously told everyone to watch for isn't the same type of "market manipulation" they've threatened to sue Bitfinexed for. Paging @AnOminous for the concept of a "NDA canary".
 
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Skeealator said:
Can someone explain to me like I'm a moron wtf is going on in the cryptouniverse right now?
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My portfolio has literally doubled in the last few weeks and while that's great, more than anything I'm just terrified. Crypto has always been insane but right now it's crazier than I ever could have guessed. I have no predictions, no real understanding. I'm just holding on for dear life.
 
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Any suggestions for alt coins? I was thinking of getting some XVG and tether. Not really sure what to look for in an alt coin.
 
Interesting, my thinking was buy them for crazy cheap, then wait (hope) for them to get listed at Coinbase. That or a Monero size price jump.
 
Bitcoin price tanked hours before the Coinbase BCH announcement, man someone pulled off a massive insider trading hustle. I respect that.
 
What do you think about raiblocks? It's one of the few coins that went up during this drop.
 
raymond said:
What do you think about raiblocks? It's one of the few coins that went up during this drop.
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I really have nothing of value to say about relatively unpopular altcoins. I just wanna say this: stop trying to be smart. Stop trying to find "the next" coin, especially stop trying to the find "the next coin" in a coin that is actually years old at this point. There are plenty of popular, relatively high volume altcoins that pump and dump constantly, there is no need to buy someone else's low-volume coin bag.

If I really wanted to speculate in an ultra-shitcoin, I'd find something that just came out to mine before it gets listed on an exchange.

Really, at this point I'm waiting for the altcoin rally to stop and maybe BTC to go back up.
 
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The way I see it, if BTC goes tits up, the casuals who've been inflating it with speculation aren't going to be throwing their money at another cryptocoin.
 
BTC and most of the alts are crashing down, the dream is dead unless you poured your life savings into ripple
 
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