Tracking and chatting about Bitcoin Testnet price movements

This is a chill spot for everyone to talk about what's happening with Bitcoin Testnet trading. Feel free to chat about any version of Bitcoin Testnet here. Mining, acceptance, arguments, and discussions are totally welcome too. I just wanna remind everyone that our aim is to leave this place a bit better, and that Bitcoin's growth is the heart of our talk. Bitcoin Testnet shouldn’t become some boring thing. I really hope it stays as fierce as the hidden side of Bitcoin that not many people know about and even fewer dare to explore. As of now, the Testnet prices are: Bitcoin Testnet 3: 0.00000137 BTC (0.1614 USD) Bitcoin Testnet 4: 0.00000027 BTC (0.03180 USD) I’m pretty surprised that the new rewards from Bitcoin Testnet 4 seem to be giving a bit of a boost to Testnet 3. It’s wild how Testnet 3 is still way ahead of v4 in transactions. I’ve also noticed some increased mining activity in v4 since the AltQuick market launched, but it’s crazy that the top Testnet 4 miner hasn’t moved a single coin…!!! This miner now has more than PortlandHODL's stash. Together, they hold about ~2 million v4 coins (out of 4.5 million coins total at the moment). On another note, Bitcoin Testnet 3 has seen a surprising number of coins that were mined over ten years ago come back to life. These coins were mined in 2012 and have been sitting untouched since.

Is there a trading pair between Testnet3 and 4?

Yes.  My exchange supports trading with Bitcoin. https://altquick.com/exchange/market/BitcoinTestnet3 & https://altquick.com/exchange/market/BitcoinTestnet4 are the Testnet/Bitcoin markets. I'm not aware of any other exchanges with order books at this time.  I would imagine we will see more this fall and next year. There are several websites that sell Testnet for whatever price they choose, but usually, even those websites use the AltQuick books as the backbone of their operations.

I know... I meant testnet3/testnet4

Ah, no.  I'm not aware of any website that makes markets directly for the two only.  There is a website I saw last week that was allowing Testnet to be traded into Signet. It's a two-step system to go between the two Testnets on AltQuick, with Bitcoin being the middle stop. Plenty of users are mining Testnet 4, converting them to Bitcoin, buy Testnet 3, and then withdrawing. So people can go v4 to v3 using AltQuick, but not directly. I've been resistant to making multiple specific markets like that on AltQuick because I've figured it has been hard enough to build liquidity to meet demand in single markets, why split them into even more! (Try explaining that to the stable coin crowd though haha ) Most people don't understand how related all the markets are to each others success.  You can only have as much Testnet market activity from a AVAX participate as the AVAX/BTC market has liquidity.  It is like this with every other altcoin as well when Bitcoin is the foundation.  If that altcoins liquidity is low, then they won't have much room to get into the Testnet markets. (Unless of course, they convert using a different site and come back to play using Bitcoin.)

Iiquidity is the thing that most people want with altcoins. It's all about the money because they have no use case. I like the idea of another sidechain to Bitcoin like ixcoin and i0coin. Do you have any sidechain coins on altquick.com?

Im starting to not like the idea of altcoins being traded for Bitcoin only stablecoins.

Lack of liquidity makes the markets bounce around like hell, and I do see that as a perk as well for those that can stand it. No sidechains atm. This is probably my number one request for sure. People really want USDT/USDC pairs with Testnet.  It's hard for me to understand, but I guess the climate is changing.

\0/ [Better add a few words so I don't get deleted for minimalist post]

https://groups.google.com/g/bitcoindev/c/iVLHJ1HWhoU/m/ydjeTH6rAwAJ Nothing changed since then. The source code for proposed fork is still, where it was. Time will tell, if developers will decide to hard-fork into a new testnet5, or patch the old testnet4 with soft-forks, or do something else. And because their goal is to keep the price as close to zero as possible, I guess testnet5 will be worth even less than testnet4, so I don't know, if you would want to list networks, where each new version is less and less tradable. Because you didn't want to list signet, and obviously, nobody lists regtest, where six blocks are produced every second. And what happens when keys for signet will be stolen? So far, it is running since 2020-09-01, and it has around 265k blocks. If keys for signet will be known by everyone, then it will turn into a network, where signet challenge would be just set to OP_TRUE. So, it would change signet into regular testnet, without 20 minute rule, and with regular difficulty adjustments. And this is also possible: a lot of signet coins are now owned by developers, so if any weakness in ECDSA will be discovered, then it will be very similar to proposed testnet5, where 10.5M coins are premined. Also note, that the current signet uses 1-of-3 multisig. Which means, that for each public key, there is at least 80k signatures. If there is any weakness, related to address reuse, then it can be exploited on signet. And also, because signet miners sign blocks, filled with transactions, provided by users, then it is possible to do some attacks, by sending particular transaction IDs, to encourage a given signet node, to sign a weakened block header, which can be combined with other ECDSA attacks, and used to discover the private key behind it. Because a signature is just a relation between two public keys. If users can pick z-values, by sending particular transactions to the network, they can potentially alter R-value in a particular way, which could make it easier to attack. Anyone can release any test network, at any moment. It is just a matter of convincing the community to use your network for testing. In the past, developers had a problem with testnet3, so they made testnet4, to fix bugs. Now, they have two problems: one is buggy testnet3, and another is buggy testnet4. They can stop supporting old test networks in the future, but they cannot "turn them off", if there will still be some users, willing to maintain it. Then, old testnets will become just some altcoins, maintained outside of Bitcoin Core (or they will die, if nobody will want to fix bugs, and if old clients will be exploited by new attacks).

Id like to buy some of these testnet coins I. Exchange for this new project coins. I'm working on a whitepaper that will explain.

Altquick is a non-KYC exchange, chainganginc. Set up an account, and go to it IndiaMikeZulu

Id like to do them directly outside of exchange with my project be sure it will not be listed ASAP. We will have to build a foundation and trust worthy base outside of exchanges. I may be able to get it listed on http://cratex.io as trading pairs testnet3 and 4. I have to see if they will list it on there. What I would do is send BTC or HNS or LTC to people who have Testnet tokens until it gets listed on an exchange. I want to create some sort of bridge for that network. The goal is to create something that a lot of people can be apart of that is merge mined with Bitcoin. It will be a dog fight because of the damage to the altcoin market. I would like to call this a subcoin or neocoin. Make it the first and last with anything after this is probably not true.

'Id like to do them directly outside of exchange with my project' EDIT EDIT EDIT I have no idea what this person wants. Prolly stand mute on this one, me.

Looking to build a foundation and do something that hasn't been done this way. There is no listing for the project I want to create and might not be listed. Only exchange I may get listed on to start is http://cratex.io but no worries. I'm putting together a paper so you can see what I'm doing. Tuff to tell from my posts but you don't know me so fair enough.  You need more information I'm doing research trying to nail this mf idea. One problem with new coins is they haven't been tested before listing. Bitcoin had no listing it was being moved without all this extra shit cuz it was the first. To much noise and no real development and use case.

I tried to do something with Testnet 3 then testnet 4 dropped so I stopped. I need to create a new chain to exchange with the testnet coins. It is a merge mined coin idea so you know.

You can still use Testnet 3 with no problems. Price talk: Testnet 4 has went from ~10 sats to above 40.  Very little support. Testnet 3 is hovering ~100 sats to 130.  Few thousand bucks of BTC worth of support.

understand... I just don't like that there's two testnets halves the value in my opinion. I still want to bridge these coins to a mainnet. Do you have a testnet faucet for both  3 and 4?

Yes https://altquick.com/faucet/

Bitcoin Testnet 4 is getting absolutely murdered down to 10 Satoshi. Bitcoin Testnet 3 is starting to push into the 130 Satoshi zone. Miner pressure definitely hurts markets it seems... at least short term.