If bitcoin gained widespread adoption and everyone was using it, I think you not would be able to get much of a return on a deposit since its basically a deflationary currency. Most likely you would have to pay the bank for their security and storage services.
Yes, who the heck would give you this much return on your investment? This wouldn't be sustainable at all. Some pyramid scheme that would last limited amount of time maybe, but a legit business to pay you 10%, I don't think so! IMHO 10%/yr sounds reasonable dont forget that lending btc will always be way more risky (and thus expensive) than fiat. banks cant rely on freshly printed money if they need some, its irreversible and if someone defaults the money is away - but they still have their obligations...
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The rate is just too unrealistic.. The profit of the bank has to come from somewhere to pay your interest rates. They will most likely be doing some extremely risky investments to pay you then.
There is no difference with real money banks here... the difference is that real banks are insured against loss assume we live in 2020, BTC is a stable and trustable currency and the BTC bank is insured for losses. Would you trust your BTC to a bank with an annual 10%? maybe; that depends who insured it against what kind of losses
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The rate is just too unrealistic.. The profit of the bank has to come from somewhere to pay your interest rates. They will most likely be doing some extremely risky investments to pay you then.
There is no difference with real money banks here... the difference is that real banks are insured against loss
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A falling XMR/BTC ratio indicates failure to compete in the cryptocurrency space.
Agree somewhat. Supply considerations play a role. This is obvious in the case of PoS coins which pay interest. It is expected that the price per unit will drop over time even if the value of a holding remains constant (increase in units). It is less obvious in the case of PoW, but I'm still not sure the metric of market cap ratio isn't as important as or more important than price ratio, although both are imperfect certainly. in a matured market i'd agree. but neither btc nor monero is such a thing. esp. the coming btc-halving and some of btc uncertainities (scalability, fungibility) make me disagree. Don't all those things factor into what it means "to compete"? yes and no depends if its just hyped or a true rise IMHO current btc uptrend is hyped because of the halving - i may be wrong ofc edit: https://bitcointalk.org/index.php?topic=1274750.0i agree with jehst here. if btc manages to break ath before halving: great future and the sky is the limit if it doesnt i think btc will go down hard atm i consider monero more safe then btc
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A falling XMR/BTC ratio indicates failure to compete in the cryptocurrency space.
Agree somewhat. Supply considerations play a role. This is obvious in the case of PoS coins which pay interest. It is expected that the price per unit will drop over time even if the value of a holding remains constant (increase in units). It is less obvious in the case of PoW, but I'm still not sure the metric of market cap ratio isn't as important as or more important than price ratio, although both are imperfect certainly. in a matured market i'd agree. but neither btc nor monero is such a thing. esp. the coming btc-halving and some of btc uncertainities (scalability, fungibility) make me disagree.
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Not really no. What makes commodities tied to USD? Volume. Once USD is no longer being traded for said commodity, it renders it irrelevant. Now take a look at the volume of monero. It's pretty much all in the XMR/BTC pair, the volume on XMR/USD is almost zero. That makes BTC the most important comparison.
i often trade BTC/USD pair - but i only care about EUR same with monero: just because most volume is in BTC/XMR doesnt mean its mainly valued in btc. its just more convenient to trade BTC/XMR than XMR/USD
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IMHO that doesnt explain anything. what is banning? IP-ban? what is attacking dash? maybe ban DarkLover because your community doesnt like the posting? i just want to know what banning means. if i am banned: - am i able to send funds? - am i able to run a node? - am i able to run a masternode? Disclaimer: I dont own Dash and dont plan to buy. Just interested.
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zeigt das euren Chefs...
Das könnte DAS Argument sein, das er euch nen Backofen gönnt.... (Ich hatte da bisher Glück)
EDIT: Garantieverlust wegen unsachgemässer Bedienung? und einen kleinen Ofen gibts billiger...
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what does "Banning Users" mean exactly?
Maybe we'll know in "12-18 months" well it sounds like...evan (as one of the biggest holder) may freeze any funds he wants ;-) that would be the end of dash thoughbut i'd prefer to hear an explanation... i dont think he would make it THAT obvious that he wants to reduce the money supply even further What makes you think that would be the end?There is a small group of insiders who appear willing to keep the effort going a while longer, regardless of how absurd a direction it takes or how many times stated development goals are hyped and then largely or entirely abandoned. They most if not all seem to have accounts created within a month or two of Xcoin/darkcoin/Dash launch (excluding obvious later sock puppets), with early posts on the Dash thread immediately or almost immediately. Likely most knew each other already from other "ventures" or perhaps many of those accounts are just sock puppets, it is hard to say which. Yes, there are a few exceptions, before anyone pops up and claims to be neither an insider nor a sock puppet (not that such claims could be verified anyway), but they are just that, exceptions. your statements are all correct. i still think it is the end, because i cant believe they will find buyers for a coin where somebody is able to freeze balances. crypto is about a trustless currency. IMHO without buyers the insiders will loose interest. i may be wrong though but thats all speculation: IF evan make this change IF they are able to freeze balances (not sure what they mean by users - maybe its just for the "social part") and how this all fits together with dashs so called "anonymity" is another thing to see
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what does "Banning Users" mean exactly?
Maybe we'll know in "12-18 months" well it sounds like...evan (as one of the biggest holder) may freeze any funds he wants ;-) that would be the end of dash though but i'd prefer to hear an explanation... i dont think he would make it THAT obvious that he wants to reduce the money supply even further
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what does "Banning Users" mean exactly?
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so for me OP translates to: when price goes above 1300$ all issues are resolved and BTC can unleash its true potential ;-)
Price alone is not good enough. We had price over 1000 before, and Bitcoin wasn't in its 'full potential either. If we reach over $1000 once again it will spike caused by traders, trading bots and speculators. After that price will go immediately go down, because most of us will sell at $1000, me included. i think the market decides if these issues are resolved or not. if we go above latest ATH without any changes dont you think that the market just said: bitcoin is fine as-is?
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I will explain you something, theymos is the owner and he can do whatever the fuck he wants and if you don't agree you can leave, no one is forcing you to stay here.
correct You can't until you know for sure it's a ponzi, instead with the sub forum, ponzi operators come clean and just by posting their site, system, there they are admiting it's a ponzi, people know the risks.
OP was originally about sigads. i do like that ponzis have their own section but this is not true for sigads. so i'd like to see something like a trust rating for sigads (eg a link redirect where you see the trust rating of the link before you'll get redirect there or a rule that sig-links are only allowed to start with http://bitcointalk.org)
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I've had similar trying to -resynch a bitcoin-qt 0.11.0 full node. It resynchs for a couple of days, only needing two or three reboots and restarts without -resynch, and then at seemingly random times through the past year or two worth of blocks, it hangs and the next restart won't get past "Activating Best Chain" before it hangs with "Error reading from database, shutting down".
I eventually found that it would -reindex from block 1 in 2009 but that takes days and has crashed every time eventually. I'd be supporting the blockchain with a full node by now, a full 10 days after upgrading, if it would.
What do people think of some coding changes so that on its own, -reindex does what it has always done; reindexing from the start and new code can accept an =integer after -reindex such that -reindex=280000 starts the reindexing from block 280000 and gets it a little further before it crashes again. from a crash at 342000, you could for example bitcoin-qt -reindex=340000 and eventually get synched and up to date, going over errors if necessary
If I see three ++ comments then I'll find a suggestion box to copy this post to. If not then its just my grotty old computer which has a problem so it is not worth bothering the devs with it.
i am against your idea for two reasons: 1) reindex isnt done regulary. so it doesnt really matter if it takes a while. 2) if someone enters the wrong blockindex for his reindex it may lead to very strange and hard to debug errors which may even go unnoticed for a longer time. better stay safe not sure if it is even possible - this would only work if the index is handled by bitcoin-core and not by bdb - and i dont know how its implemented.
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If you only put the hash of the txns in block a 1MB block could have (roughly) 1,000,000 / 32 = 31250 txns (hashes) in a block. You wouldn't even need to make the blocks bigger. 1MB would be loads. The txns sent out earlier will already be stored at all the nodes, and the delay propagating them doesn't matter anywhere near as much. You only need to have them all together once every 10 mins. (you may lose the last few txns every 10 mins, but most would be there just fine)
I understand that you can run a full node pruned soon.. BUT only after you have downloaded from a non-pruned node. We need it to run without needing non-pruned nodes.
you would still need all transactions to verify balances so i dont see a benefit in only storing hashes in a block. how are old transactions distributed? edit: utxo is enough to verify balances but you dont see how those balances where built. For me, only the balances matter.. it changes bitcoins security model and makes some usecases impossible. not sure if i like it or not. but i certainly dont think that its possible to make such huge change to bitcoin at this point.
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If you only put the hash of the txns in block a 1MB block could have (roughly) 1,000,000 / 32 = 31250 txns (hashes) in a block. You wouldn't even need to make the blocks bigger. 1MB would be loads. The txns sent out earlier will already be stored at all the nodes, and the delay propagating them doesn't matter anywhere near as much. You only need to have them all together once every 10 mins. (you may lose the last few txns every 10 mins, but most would be there just fine)
I understand that you can run a full node pruned soon.. BUT only after you have downloaded from a non-pruned node. We need it to run without needing non-pruned nodes.
you would still need all transactions to verify balances so i dont see a benefit in only storing hashes in a block. how are old transactions distributed? edit: utxo is enough to verify balances but you dont see how those balances where built.
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If you checked all backups you might want to search the disks of the computer(s) you use. Data stored is commonly not really deleted until its overwritten. Maybe some of the lost keys can still be found. Its something I would let an expert do though.
nope, nothing there, i actually do know a bit about data recovery so i have a habit of wiping unused devices clean as i often handle sensitive data one and only chance is some old backup, but it is quite far away and i'm not to sure if it is from right time... i will know tomorrow for sure, but my hopes are very low have you checked /tmp? dont know multihd well but some apps write to tmp before overwriting an old savefile... so maybe you are lucky that your wallet-on-ramdisk has been temporarly saved there (although systemd tends to wipe this dir regulary and its often on a ramdisk anyway) well... best wishes...i just hope you have more wallets in safe places.
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... you did not only post what he said. you also said that he is a fraud and a shill. (btw he is no shill as he never hid is relationship to monero - a shill is somebody who wants you to think he is not related) ... noun: shill; plural noun: shills 1. <not related etc.> 2. a person who publicizes or praises something or someone for reasons of self-interest, personal profit, or friendship or loyalty. Works for me. i checked wikipedia (because my english sucks anyway) which said ( https://en.wikipedia.org/wiki/Shill): A shill, also called a plant or a stooge, is a person who publicly helps or gives credibility to a person or organization without disclosing that they have a close relationship with the person or organization. http://dictionary.reference.com/browse/shillnoun 1. a person who poses as a customer in order to decoy others into participating, as at a gambling house, auction, confidence game, etc. 2. a person who publicizes or praises something or someone for reasons of self-interest, personal profit, or friendship or loyalty. not sure.... so by your definition anybody working in marketing is a shill? then its not a bad word at all...just a job description... i thought shilling includes to deceive someone?
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You guys are fucking bastards. David is the victim of a real scammer (Wadii Rashid) who is now in jail. David lost his money, his friends, his job, his reputation (not only on the forum but in real life) and you create a hate thread against him, written in a way that you make people believe that he was the scammer. It is exactly the same as blaming a rape victim from being raped. Sick.
Spoetnik you had people hating you and ruining your reputation but instead of learning from it, you now dedicate your time and energy into ruining others people life ? Don't you see the problem here ?
Learn to read and stop twisting shit around to suit you. Dave posted an apology with police involvement with talk of a Monero marketing company. ALL i did was post what he said. All the rest of that moronic bullshit you accuse me of is pure lies. back up your mouth or stfu.. PS: Innocent people don't apologize. you did not only post what he said. you also said that he is a fraud and a shill. (btw he is no shill as he never hid is relationship to monero - a shill is somebody who wants you to think he is not related) and of course do innocent people apologize when they do something which harms others - even if it is not their fault... if i where david i'd apologize also because he made a bad judgement about his partners. this can happen... btw: best wishes and good luck david - i hope it ends well ;-)
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