Latest posts of: IsuruMaduranga

Oh LOL.. How do you judge or review other people's posts and give them merits when you have no merits earned by yourself??? You still have the 10 merits you initially got free.
Getting merits by starting a merit distribution thread is no longer valid. Nice try.

Quote from: Dilemmaremma on April 06, 2018, 07:54:42 PM

What do you see in the future for bitcoin with quantum computing?

1. No working quantum computer has been built yet.
2. A Quantum computer can reverse a public key. i.e calculate private key from public key. That is the end of the security of BTC
3. Quantum computers have massive computational power so they could get more than 51% of computational power of BTC network easily which may lead to spent same BTC twice. i.e breakdown of the system.

POS can secure blockchain only from 3rd fact in the list.

Quote from: Dilemmaremma on April 06, 2018, 07:54:42 PM

Will everything convert to a Proof of Stake system? Thoughts?

However even POS is vulnerable to quantum computers. See here - https://bitcoinmagazine.com/articles/quantum-computing-and-building-resistance-proof-stake/

Conclusion

If someone build a quantum computer it will be the end of BTC. Only Quantum proof cryptography based cryptocurrencies will be safe.

Whales can do some manipulation in the market. But large scale dumping is huge unlikely.
Now it is 4 months since price dumping started. Any cartel can not maintain a dump that much long time.
Volatility is the nature of BTC. You should understand it.

See my below post.

Quote from: IsuruMaduranga on April 04, 2018, 10:05:25 PM

Don't lose faith fellows. You will never regreat

is there any possibility to reach all coin price to jan 2018 price

Could bitcoin reach 100.000$ ?

The future is none other than history repeating.

Chart 1

Chart 2

Chart 3

Chart 4

BTC will go upto 100000$ within 5 years.

Update

These are hard times fellows

India closes doors for Crypto Currency

Why??? Coinbase has very good reputation and it is a one of the biggest exchange out there.

No exchange control the price of any coin. The price is depend on buyers and sellers. i.e supply and demand.
If you have no idea please read this article
https://www.cryptoground.com/guide/how-are-bitcoin-prices-determined

Volatility is the nature of Cryptocurrencies. If you couldn't understand it just don't buy Cryptos and you will be fine.

I do bounties in bounty hive.
Now the platform is too crowded.
Yes it is true that they have 6000 member telegram bounties 5000 member Facebook bounties and 5000 members Twitter bounties. The obvious result is tiny payments.
Other issue is payments are not transparent.

I finished 3 bounties in Bountyhive. I did Facebook(5000 friends),Twitter(5000 followers) an Telegram bounties.
Here are what i got.

1.Pindify - not yet in the exchanges. probably a scam.
2.Dropil - very good project - 1 month campaign - got 15000 tokens - ICO value of all tokens = 0.054 Eth - obviously not enough
3.Bitcoinus - 2 months campaign - got 80 tokens - ICOvalue = 80*0.001=0.08 Eth - obviously not enough
4.Family points - campaign stopped after 1 month - no payments

Staking. Mining requires extensive processing power and takes huge power.
According to latest data
Bitcoin consumes 0.27% of world's electricity consumption which is roughly equal to 60 TWh. Cost is roughly $3,000,000,000. So much waste.
Bitcoin is not the only block chain which use POW. So the total power consumed by the blockchains is way more higher than that.
So it is time to move to POS (staking)

Well as far as i know any Cryptocurrncy based on any algorithm does not support mobile mining. i.e They have not released mobile supported wallets.
POW(Proof of work) based Cryptocurrencies can not mine in any mobile devices as these algorithms need extensive processing power simply which any mobile device cannot provide.
May be in the future POS(Proof of stake) based Crypto projects will release mobile wallets as POS algorithms does not require extensive processing power.

Simply you can not mine BTC in a mobile device.

But there is only one Cryptocurrency that supports mobile mining called Electroneum.

Few facts:
1.It has over1 million users.
2.It is listed in Kucoin & Cryptopia;price is round 0.02$.
3.I couldn't find any technical details in google about the project or which kind of algorithm they used.
4.Mining software codes are in the github so nothing to fear. (In my opinion)

Please refer:

https://electroneum101.com/how-to-mine-electroneum-with-a-mobile-phone/
https://coinmarketcap.com/currencies/electroneum/

https://electroneum.com/

Disclaimer

I am neither a Electroneum miner nor a supporter.
Mobile mining may effect the life time of the device.

This may be a solution for reduce the difficulty of getting merits.

But sadly many members in the forum do merit sharing now. So the most of merit deserving posts get nothing.Simply look merit histories of some low rank members. You will understand what i said. There should be a some way to stop the merit sharing.

Create a Telegram or a Discord group/server. Discord group is better because you can keep the anonymity.

edit:

See here https://support.discordapp.com/hc/en-us/articles/206143407-How-do-I-set-up-private-servers-without-passwords-

Forum's search function is annoying and it isn't much helpful.(May be only for me.)

For 1 & 3 questions - Do a google search instead of forum search. Google always gives priority for Bitcointalk search results. Or as example search like that "<Topic you want here> bitcointalk"
For 3rd question - Go to your account and then "show posts" . All of your replies are there.

Hope it helps.

What??? Is that the purpose of merits ah???
Merits were invented to give those who deserves it. Not for organizing games or selling or sharing.
What is the wrong with you people???

Don't organize merit games please. Give them those who deserves.

Quote from: SmokerFace on April 05, 2018, 09:44:43 AM

Lets give our own opinions in this thread and let's see what are the visions of any users here on forum on what are the things than can affect bitcoin community and value to improve more Wink

So i'm the maker of this thread i'm the first who gives opinion here.
My opinions are:
- Spreading good informations about bitcoin can make it improve.
- If big business will accepts bitcoin or enter bitcoin industry can improve our community because the more investors the more blessings to come

- Helping newbie investors to prevent scams can help our community because if they see bitcoin in their first invest are scam they would lose their trust in this kind of investment so as soon as possible help newbies to start in bitcoin journey.

These are my opinions on how to improve Bitcoin community so what's yours? Wink

The biggest problem now the forum facing is spammers, merit hunters and merit beggars. Spammers create and bump their spam threads to increase their post count. Merit hunters start merit giveaway threads (not all the merit giveaway threads) for getting some merits. Merit beggars go around and beg to review their posts.
you have't address those issues. Unless no matter what you do you cannot improve the community.

Quote from: chandrarahmadewa on April 05, 2018, 01:03:46 AM

hello my friend
An excellent analysis, it becomes an illustration for newcomers about cryptocurrency who will invest in bitcoin. you cool man

Thanx man.

Chart 2

Chart 3

Chart 4

BTC will go upto 100000$ within 5 years.

Update

These are hard times fellows

India closes doors for Crypto Currency

Quote from: Quickseller on April 03, 2018, 07:41:21 PM

Because the so called “merit abuse” is not a problem based on how the merit system works over the long term.

I agree.
But farming accounts and selling merits should be avoided. as you can see marcuslong (https://bitcointalk.org/index.php?action=profile;u=226950) is a legendary account. There may be thousands of that kind of accounts full of merits. They can do serious account farming.

In the other hand rule breakers must be punished. In my opinion merit sellers deserve permaban.

There is a separate thread for reporting merit abusers.

Suspected users that are abusing merit 3.0

The thread has been started with good purpose but sadly no action have been taken against 90% of suspected accounts. (at least no red trust) Go and check yourself.
If you take no enough action against merit abusers there is no point of reporting them.

Go check the merit summary of few persons and you will find at least 5 merit abusers in less than a hour.

I have seen bunch of them. But no one can report them every time.

As a example i just found these two.

1. Chachacoin17 has been received 50*3=150 merits in very same day for typical replies. Probably merit buying.

Merit givers/sellers:

chickenado - Hero member - February 09 - 50 merits
thend1949 - Hero member - February 09 - 50 merits
marcuslong - Legendary - February 09 - 50 merits

Check their merit summery. You will find clear evidences of merit selling.

2. Merit sharing/ account farming.

Suspected accounts:
jerry29@
Naitik

I just wanted to say

Merit system abusing is happening in not only small scale but also large scale. Reporting merit abusers is not practical.

Please automate the system to watch over large chunk of merit transactions and merit giving to same person. Then moderators can further investigate and take some action against abusers.
Merit should not be equal to money.

Note

If someone(Maybe a suspected person) give me red trust because of this post please remove it.