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By Vinny Lingham's calculations, bitcoin hit a "split-adjusted" all time high today.

By Vinny Lingham's calculations, bitcoin hit a submitted by Anonpic to Bitcoin [link] [comments]

By Vinny Lingham's calculations, bitcoin hit a "split-adjusted" all time high today.

By Vinny Lingham's calculations, bitcoin hit a submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Thoughts and Ideas Regarding Mining

Link to @Daniel_Plante Thread

I'm going to retweet a twitter convo I had on 2019-03-17, reformatted to make it clearer. It's about mining, and #Bitcoin's survivability.
The thread included @petertoddbtc, @VinnyLingham, @BitcoinORama, @misterdna and @desantis IIRC. FYI: () means comment by me after the fact, and [] means a later edit to make things a little more clear. Here it is, comments welcome:
Thanks Mr Mendez (@misterdna), yes I already read it. Too much talking, not enough listening. This question might interest you Alex (@BitcoinORama):
if a hash+memory based cryptocoin proof took [off], would you expect Corsair (Micron?) would include one tiny hash core per DRAM die?
The DRAM industry is at the top of its product adoption S-curve. Razor thin margins, supply contracts years into the future, and R&D cycles give 2% improvement/year. It's not possible to dominate that industry [the way Bitcoin ASIC designers did] with less than $50B and 10 years. DRAM is what's known as a "commodity [mature] product" - not "commodity" as in corn or oil. [But] like toasters or flashlights. The economic inertia is immense. Basically, the only ASIC attack you could do on the DRAM industry is to make your ASIC into a better DRAM. Which of course is a silly notion.
If you want a 2nd opinion, @BitcoinORama might help. Alex, GPUs simply accelerate an algorithm. You already gamed that. Can't game memory. An algo might be gamed. You can't game a solid proof of control of a physical resource. "Memory intensive algos" are a hope and a prayer. Do you want a hybrid Pow+DRAM example?
(@desantis): yes.
Ok... you have a PC. You mine as usual, pick your tx's & assemble your block. Set your nonce, but also set a DRAM size commitment (2, 4, 8 Gb etc). Hash that block, put that hash in memory. Then hash that result and put that in the next mem location, etc. If you use up the DRAM commitment, advance the nonce & start over. If you find the solution, keep hashing/storing to the end of your DRAM commitment, & publish. A lot more detail, but that's basically it. Prove you have a physical [common] resource.
(@desantis) what if I have multiple TB of RAM?
Sure, buy multiple TB of RAM, that's fine. But it can only be served by one hash source. (Most don't grok that critical point.)
(@desantis) the ability to acquire large quantities of RAM becomes the new ASIC, no?
The new ASIC... to a certain extent, but it's bound to a single hash node, and the current global installed base of DRAM, in conjunction with manufacturer contracts precludes that in any practical sense.
(@desantis) where can I read more?
No place in particular. Mentioned it a few times over the years. In detail only now.
(@pa49): I guess the point is that there's no monopoly on DRAM.
(@desantis) there will be once the manufacturers realize their hw prints money, no?
Not really about monopoly, but just a mature industry that a BTC ASIC startup would not have a hope in hell of prying open.
(@BitcoinORama) you can allocate memory to the same package as the chip if justified re: scrypt asics Right Alex, and here's an interesting question: if PoW+DRAM takes [off], will Micron add a tiny hashing core to its DRAM dies?
(@desantis) I think they would.
I think you're right. Under those circumstances, that's what I would advise them to do.
(@BitcoinORama) ahh now i think I get where you are going with this.
Thanks for your help Alex. Our talk the other night gelled my thoughts. yeah I started reading that thread today. [It Prodded] me. But 2 more things:
miner has to complete the DRAM commitment but then use the very last hash as input to an algorithm that points back to multiple random results in the DRAM range & publish it.
Keeps him honest.
2nd, if he commits to 26G but finds the answer in the 1st 10M, he might want to quickly start over with a 1G commit if he lies about how much memory per hasher. So, counterintuitively, you make the difficulty setting for 2G twice as high as 4G. (And that was the convo from March 19th 2017. But, something I forgot to add:
DRAM hybrid mining difficulty.
For a PoW+DRAM hybrid, you don't actually have to synchronise them. They work independently. You just design your consensus algorithm to accept the "first past the post" from either of them. Bitcoin's timing is currently designed around 10 minute blocks, & just hashing.
This hybrid design will require a 3-variable DRAM difficulty approach to seamlessly integrate into the hashing paradigm economics. It is wise to accomodate the ASIC designer and miner, so give them 2 years to turn their profits and get out. So you want to make the DRAM part of it very difficcult at first.
Here's the 3 layers:
Layer 1 is the introductory layer: a reverse S-curve, because you want the DRAM success to start slow, then accelerate, then go asymptotic to its final value which will then eclipse pure PoW. It should be 100 times harder to get a block reward using DRAM at first.
Layer 2 is the core value: long term DRAM difficulty calculation - it is recalculated the same as the current Bitcoin one, every 2 weeks or so.
Layer 3 is dependent on your memory size commitment before you start to hash and store results. Reconciling these 3 variables gives you your difficulty level before you start a hash/store run.
Again, all you have to do to restore mining to the masses is tie it to a real world physical resource everybody has, and/or can easily get. I've said many times that the "proof" needs more than "decentralized" - it absolutely requires "massively diffuse" or it won't work:
ie,"a miner in every home".
And that's the software side of things. The hardware side (internet physical infrastructure that you don't control) is yet another sticky point. I have a couple of ideas about that, but I sense that very few will embrace the unavoidable tradeoffs. Thanks for your time.)
Update: I found a critical flaw
A miner with ASICs could just hash at full speed "off line" without storing results, find the solution, then pass the data + nonce to a PC with DRAM to reproduce that winning pass but store the results.
Solution: Instead of using the very last hash to compute a memory location to publish, you instead do it periodically during the hashing run, eg every 1024 hashes or 65536 or whatever. Use the value at that location to XOR with your last hash. Repeat through your run.
submitted by thimblewimble to Mimblewimble [link] [comments]


Good morning all, I am submitting our Altcoin Assembly Weekly two days early because of some prior committments this coming Sunday. Enjoy! And as always, looking forward to some great discussion around this.
Our focus this week is on Blockchain Capital.
Blockchain Capital ( (formerly Crypto Currency Partners) is a venture capital company that invests in blockchain related companies. It is headquartered in San Francisco, California. It was founded in October 2013 by Bart Stephens, Bradford Stephens and Brock Pierce. To say they invest in blockchain related companies is an understatement. They ONLY invest in ventures inside the space. As of now anyway, who knows if that may change in the future. They are one of the few VCs that do this.
Bart and Brad are brothers who have been involved in the financial sector for quite some time. Bart started his career at e-trade in the FinTech sector while his brother was a former hedge fund manager at Fidelity. They also ran one together for ten years.
Brock Pierce is someone that you may know as Chairman of the Bitcoin Foundation. All three combined bring a wealth of experience to the venture. Having a quick look at their advisory board, it reads names like Vinny Lingham, Bobby Lee and Charlie Lee among traditional financial corporate heavyweights. Entrepreneur and self titled Disruptepreneur, Jeremy Gardner resides at Blockchain Capital as well. He is an Augur co-founder.
They are currently invested in 40+ companies and have a proven record of exits as well. See below this post for their current holdings and past acquisitions which are publicly available.
Another part of their business is money management, usually for family offices, high net worth individuals including 25 Bitcoin CEOS.
The aim of Blockchain Capital is to invest in early stage fundraising, meaning they will meet with teams that may only have a small group of devs and a PowerPoint presentation. That’s a great position to be in since this is where the most money can be made if prospects can pass their criteria. Primarily, they want to see strong engineering teams with a proven track record of success. The opportunities need to lie in places where there is a large total available market, have an engineering advantage or a new business model that sits overtop free to use hardware/software models. Go big or go home right? Investing in A, B or C round is something they don’t ignore either.
Their ICO has happened already (April 10 to May 17, 2016) and it was successful. Their ticker is BCAP, an Ethereum based smart contract token. They raised $10MM in 6 hours, self-proclaiming they were oversold. This is 20% of the total funds they are raising. The rest will come through traditional channels and will not have a token. Though their token supply is also 10MM, valuing each $1.00. As of this (Sunday, June 4, 2017, the value of BCAP is currently $1.73.
The token represents an indirect fractional non-voting economic interest in Blockchain Capital. The sales were only available to accredited investors. Interested parties had to submit documentation to confirm their identity and net worth/income. A complete turnaround from how ICOs are usually currently conducted. They could be setting the way for how future sales happen. Keep in mind this isn’t a completely new concept. From what I know, they have been in touch with the Federal Reserve on how to structure this so I feel it wasn't done blindly or without guidance.
What they did here was disrupt the very industry they work in. And why wouldn’t they try to? It makes perfect sense. Why wait for someone else to do it? Your local cab company didn’t start Uber. Netflix isn't owned by Blockbuster. Look where those two are now. One is struggling to catch up and the other is defunct. This is a perfect example of a firm who sees blockchain technology as both a threat and an opportunity.
The funds raised from their ICO will be split 50/50. Half will be for new ventures. The remaining for follow-up investments.
Their token grants holders a portion of the profits earned by their investment fund. They wish to spread $500,000 per investment which means 20 deals at that rate. Blockchain Capital will take a 2.5% management fee from that plus a 25% performance fee calculated on the returns. The remainder of the profits will be distributed to the token holders.
Further, a token buyback provision will also enable them to purchase tokens on the open market. This would be in the event that their market value tumbles below their net asset value.
I’m curious to hear your thoughts on this. As mentioned, this isn't an ICO we're used to seeing although this isn't the first of its kind. I do not own any BCAP and I’m hoping u/laughncow can add something here given that he met and spoke with Brock Pierce at his party in NYC during Consensus 2017.
Portfolio includes: o Coinbase – ( o ABRA - ( o AlphaPoint -( o Bitaccess - ( o BitFury - ( o BitGo - ( o Blade - ( o BitPesa - ( o BLOCKCYPHER -( o Blockstream - ( o BTCC - ( o Chain - ( o Civic - ( o ETHCORE - ( - Led by Gavin Wood, with Fenbushi who VB is a partner in o Expresscoin - ( o Gem - ( o Go - ( o itBit - ( o Kraken - ( o LedgerX - ( o Noble - ( o PEERNOVA - ( o Ripple - ( o SFOX - ( o SNAPCARD – ( o Stampery - ( o Stem - ( o String - ( o TIERION - ( o WAVE - ( o Xapo - ( o zenbox o zipzap - ( o ShapeShift - ( o Ox - (
Exits include: o Authy – Acquired by Twilio o - Acquired by Klinch o Bitnet - Acquired by Rakuten o ChangeTip - Acquired by Airbnb o Coinsetter - Acquired by Kraken
Side note: Had you not participated in the ICO for whatever reason, they also have an AngelList network that allows smaller investors to get in on their deals with as little as $1K. I think this is smart on their part to extend and flex their financial reach. You can visit their page here, (
Edit: Formatting
submitted by 053179 to ethtraderpro [link] [comments]

Deconstructing the bitcoin market cap - Analysis by Vinny Lingam and reviewed by Michael Kreiger. Adjusted all time high should be $700 the next point of market resistance.

In a nutshell Vinnay has recalculated the All time high achieved in December 2013 of $1150 to be $697 and reducing as time passes due to dilution from new coins mined and adjusted for lost coins.
If he is right and I believe he is the next price resistance level is $700 and lower as we get to the halving. These figures are all ballpark so say around $675 at halving. We are at $575 today. There is still $100 gap before we hit the price resistance as calculated by the adjusted market cap.
More significant is that Vinnay in a previous article predicted that this price resistance will be broken in a "mother of all short squeezes". He believes that miners are basically net short. Ie they have sold more than they owned and will have to cover after the halving.
We have all been expecting the price to adjust for the halving and some belief that the price has already adjusted for it. Whatever is the true position Vinnay is predicting the price will be Higher after the halving - Not Lower.
Food For Thought.
submitted by phanpp to btc [link] [comments]

Vinny Lingham's Bitcoin hard fork warning, RogerCoin boycott, #SupportSegwit, $100 Dash, Steemit Must watch people of Bitcoin: Vinny Lingham $740 Bitcoin makes many think of Vinny Lingham $1000 BTC prediction, Zcash, Steemit, I'm in Namibia Vinny Lingham crypto world - Vinny Lingham

Bitcoin Calculator. iOS Crypto Wallet. Android Wallet App. Cryptocurrency Charts. Mining Pools. Buy With Bitcoin. Crypto Chrome Extensions. Blockchain Developer. Bitcoin YouTube. Cryptocurrency Guide. Cryptocurrency API. Cryptocurrency Blogs. Bitcoin Wiki. Blockchain Events. Cryptocurrency Podcast. Pro Cryptocurrency Trader . Ted Talks Cryptocurrency. Bitcoin Twitter. Cryptocurrency Discord ... 'Oracle' Vinny Lingham Expects High Bitcoin Volatility, BTC Price Likely to Hold $12K Handle for 30 Days Four years ago, Vinny Lingham predicted bitcoin’s bull run and a number of bitcoiners ... Breaking News ‘Oracle’ Vinny Lingham Expects High Bitcoin Volatility, BTC Price Likely to Hold $12K Handle for 30 Days; Exclusive: U.K.-Listed Mode Now Holds $1 Million Of Bitcoin • Civic cryptocurrency CEO, Vinny Lingham, has predicted the value of Bitcoin (BTC) to drop below the $3.000 USD mark before facing a bullish momentum. The Clearly, the company sees something of great value in bitcoin-friendly Gyft. Writing on the Gyft blog, CEO Vinny Lingham said that the new partnership will “enable Gyft to power forward in the digital gifting space” and urged current customers not to worry about changes to the platform. Instead, Lingham suggested that Gyft would instead be ...

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Vinny Lingham's Bitcoin hard fork warning, RogerCoin boycott, #SupportSegwit, $100 Dash, Steemit

Vinny joins the show to talk about a new secure identity platform as well as the failure of the Bitcoin ETF and bubles in Altcoins. What's the significance of Bitcoin? Is it money or does it mean something larger for our lives? Vinny Lingham, Gyft CEO, explains the history of money, how to scale trust and the underlying ... Vinny Lingham writes an incredible article about how bad a Bitcoin fork could be. We should spread the word about this article so what he talks about does not happen. We need to support segwit now. Vinny Lingham on Bitcoin. Learn all about the world of fintech and get certified with Rise, created by Barclays at Deze week in The Bitcoin Report een interview met ondernemer, dragon, shark en Bitcoin fanaat Vinny Lingham. We spreken over zijn investeringen, ethereum, altcoins en de toekomst van Bitcoin.