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1061  Economy / Economics / Re: Why have Bitcoin instead of cash? on: March 14, 2016, 09:19:11 AM
I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.

1) More security (especially if you are careful).

2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.

3) Fast, worldwide transactions at your fingertips.

4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.

i agree that it's really fast and easy to pay with, and small fees, and it is pretty safe too, while you can get more money from it if you keep your coints for while, but i can't agree with legal/illegal price, in lots of countries it's not legal sadly, and it will take years to be legal everywhere

Even if it is illegal people will continue t use it as no one can have control over it and no one would be aware what amount of bitcoins you hold in your digital wallet and that makes if more attractive then normal currency.

If governments would like to forbid cryptocurrencies then using it might be hard without some proxies like tor. Besides missing acceptance merchants the government could force the ISP's to look out for certain ports and connections that lead to the assumption someone is using bitcoin.

At that point it might be needed to use things that were developed by filesharing software devs. Things like dynamic port change, encrypted traffic and such. I think emule, and especially the mods, had alot of ways to stay hidden.

Well of course it can't help against agents taking part in the network and finding your IP. For that only proxies and such are helping.
1062  Economy / Economics / Re: Bitcoin halving to be canceled? on: March 14, 2016, 09:09:01 AM
There was much hype about the Fed raising interest rates in 2015, but we are still there, at the lowest possible level (wtf, it is even no longer the lowest possible limit). Bitcoin halving in July, 2016, is talked about as much, but will it really happen?

I ain't sure

There is a greater chance of cancelling the Federal Reserve than changing the Bitcoin halving.
Yeah, I'm not sure what logic was applied in this topic, but there is basically no way that the halving can just be "stopped". It's built into the program, and there isn't a way to change it unless we go through a hard fork (Which most of the community would probably disagree with anyways).

The logic behind the thread is simply fear of their own miners being rendered useless in an instant.

I might think similar if I would have invested alot in mining but cancelling the halving is never happening. Not even the biggest mining companies would fork the chain to achieve that. They know the community would stay on the old chain and they would mine worthless blocks.
1063  Bitcoin / Development & Technical Discussion / Re: i heard someone attacked bitcoin network by lot of transaction...? on: March 13, 2016, 10:21:45 PM
I would hardly call that an attack. Nevertheless, I hope nothing majorly bad happens.
Just pay a higher fee and you're basically good to go.

It is an attack since the sole purpose is not to misuse the chain but the attack itself.

Well, we don't need attacks anymore to have trouble getting transactions confirmed. There are hours a day where the blocks are full all the time nearly. Even with high fee it takes a couple of blocks then. And imagine what will happen if everyone pays high fees. Right... we would have the same situation. Unconfirming transactions, only all transactions getting included and that are waiting have way higher fees. No, higher fees are no solution at all. It is survival of the fittest only. And a payment network that plays the survival of the fittest game is surely a payment network that won't survive in the survival of the fittest against cheaper alternatives.

Well, we are not there yet. But the result is clear. Not linearly rising fees, exponentially rising fees is what has to come when nothing happens like bigger blocks or segwit implemented with a timeframe of making an effect that is considerable.
1064  Economy / Trading Discussion / Re: What is your trading strategy? on: March 13, 2016, 10:16:53 PM
I've never seen a thread more qualified for a locking..

Why? Only because occassional offtopic posts like our two posts now? Tongue

That happens in every thread and is not avoidable as long as it is no self moderated thread.

Instead often enough it is about trading and how to do it.

Though I see the "Buy low, sell high" nonsene happening here slowly too. Clear sign of sig spammers exploiting the tread slowly. I mean it can happen occassionall but in other threads it happen way too often to make sense.
1065  Other / Politics & Society / Re: Bangladesh considering abandoning Islam as its official religion on: March 13, 2016, 10:04:42 AM
Prejudice prejudice prejudice!
Look friend,
Islam is not like other religions. It has own laws and rules. It includes every section of human life from craddle to grave. The first  condition is education. Because  you can't hold anybody without teaching. And you have to provide convenient good life conditions to people for preventing crime.
A real muslim knows that his every action is watched and if even he could hide that in world, he will eventualy pay it.

What you describe is a life in fear. You are good because you fear the wrath of god or better the damages coming from middle age punishment rules. What good is it to life a better life out of fear?

And education... I'm not sure what you speak about. The real radicals are closing schools for women. And what would be teached? I'm sure it's not different from radical christians in the US. That god created world and NO, of course there is no evolution and such unholy stories.

You can't understand islam by comparison with others.
You talk about women in islam;
Woman is the most important and venerable person in islam. Woman is mother at first. Woman is like a precious jevel and should been protected from bad eyes and purposes.

I know that women are seen that way. Still you can do anything with them. How does it end often enough when a girl is raped? Who is guilty? There is no equality.

And if you really would have experience with woman then you would know that they would not want to be heightened like a princess when it means they have to hide and are incarcerated. They want to be equals. If other men are like carnivores who will hunt every woman that is not hidden then these men are at fault. The solution is not to punish the women with having to hide.

Besides that... isn't it allowed to beat your wife as a husband? And what about honour? Killing your own daugther to reestablish your honour? That might be anachronistic but it happens. And you want the sharia, where people are stoned and hands are cut off. I really don't get you. Don't you see that in fact you demand violence in your life? You will get everything.

Therefore islam orders scarf. But if one woman doesn't care this order, she doesn't go out of islam. Just acts against an order and its her own responsibility.
Who kills own daughter? Islam has no order like that.  It has no connection with islam. 

I'm not sure who exactly kills the own daugther, but it happens regularly in countries muslim immigrated to. It only can be worse in the countries they are coming from since for sure the bigger radicals will not move to a country full of sin, right?

Shortly, you may see islam from dark age but they are also seeing your life style same. Naked women with freedom like animals. No jealousness like pigs. Woman goes hand to hand, bed to bed like a free prostitute. Is that freedom? Maybe!  But that is man's freedom. Not woman's. In modern societies woman is sexual object in general. Now i told about woman in islam. If you wanna know something, please ask without prejudice. I try telling with pleasure.

Naked women with freedom like animals... I you only could read that sentence out of a mind that has no religious rules in mind. You would wave your head over it.

And what is that? "But that is man's freedom. Not woman's." You really think men have to rule or what? You still live in very patriarchalic thought worlds. Everyone should be free. And there is no rule besides those coming from religions that say that woman have to be ruled by man.
1066  Economy / Service Discussion / Re: Bitcointalk Escrows - Trade Safely! on: March 13, 2016, 09:44:37 AM
I meant walletexplorer.com is for finding connected bitcoin addresses so that you know that they have to be owned by the same wallet. Though now that doesn't sound like something trustworthy anymore. Even when inputs come from 2 address into a transaction, it is maximum a strong hint that they have the same owner. So even that can't be proof of anything.

I've never believed those either. A strong hint is still a hint, however it is not proof.

I think for 99,99% of the cases this will be the truth. Though I wonder what will that mean for scammer proofs coming from walletexplorer. Guess it does not serve as a total proof now.

At least it can't be exploited by scammers to frame someone. The privkey of another person or shared wallet would be needed. On the other hand, some people sell their private keys. It might mean a risk though I think a small one in the cases I know.
1067  Bitcoin / Development & Technical Discussion / Re: i heard someone attacked bitcoin network by lot of transaction...? on: March 13, 2016, 09:38:23 AM
But before this discussion there was no real spam that was blocked by the 1MB limit. Or was there?

The spam was blocked, there used to be 750 KB limit.

The 750KB limit was the standard soft limit implemented in the core wallet. That limit was only met shortly before the 1MB blocksize increase discussion came up. And it was simply changed by the miners because 1MB blocks were possible all the time.

But I did not hear about spam being blocked because of the 1mb block restriction (includin 750kB soft limit) before the blocks were nearly full.
1068  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: March 13, 2016, 09:35:29 AM
I now saw that every order someone creates costs a fee of at least 0.0003 bitcoin. That's $0.13 for every order. And then you have the restriction of the order staying alive for 6 days only. I guess an order can't be cancelled?

Man, this all disappoints me. I neve got the idea that it would not be possible to establish a normal orderbook on counterparty.

Guess the only option is to handle an orderbook on a thread or on otc or so. :/
1069  Economy / Securities / Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit on: March 12, 2016, 09:41:44 PM
Hi Sebastien,  Smiley

A reply from Nxtforum.org:

Paying divs in BTC is very possible with NXT assets. Asset issuer just has to convert BTC to SuperBTC and send divs with  a plugin https://nxtforum.org/nxt-plugins/(plugin)-dividend-payout-plugin-(via-normal-transactions)-for-nrs/.

[edit] To trade (or shuffle, btw) BTC on the Nxt blockchain > http://multigateway.org

Sounds like superBTC is only an asset. Another layer to trust then I guess.

I know it is theoretical possible but not out of the box. It would have brought trouble because it would have meant for the issuer that he could pay some in btc, those who took the work to set things up on them, but the rest can't receive btc so he would have to pay nxt. Which would mean more work than simply sending nxt at all.

No. It just works as a decentralized AE. The SuperNET/MGW/InstaDEX Client/Plugin is the software that makes the decentralized AE work. If you hold the right asset you also get 50% of the fees.

So superBTC are a official currency that is backed by the network or so? But still it sounds like a hassle. What's the difference in exchanging bitcoin to nxt and pay out those to exchanging bitcoin to superBTC and pay out this? (Taking that every shareholder does NOT need a btc address attached...)
1070  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: March 12, 2016, 09:36:31 PM
Why are orders limited to 6 days? I checked and there is no field or option I missed when I created the order. And of course I don't want my order to disappear. Real orderbooks should start to appear but with this option it surely is very hard.
1071  Other / Politics & Society / Re: Bangladesh considering abandoning Islam as its official religion on: March 12, 2016, 09:34:36 PM
magnific61


I'm not sure what you say. I know there are civilized islam countries. But you coming up with the sharia... comeon... those are NOT the civilized muslim countries we speak about. Those would rather free rapists because the women was not hidden correctly with a burka.

Or even worse killing the own daugther only because she wants to be free.

Don't tell me that is hearsay... it happens in my country too. Results of twisted minds destorted by rules coming from dark ages.

You know what... you exactly sound like one of these shitheads that would prefer living in the civilized country but cry about not having the sharia here. Guess you would be more happy living where the sharia rules right? Well, I doubt you would. I'm so very sure that you do so many things here and live in so much freedom that you would not want to stay there.

Well, I might be wrong but I know alot of those guys. Babbling nonsense because they feel like not getting what they deserve. Speaking about things they would surely not like having in their live. I wonder how you would feel having to see someone being hacked off the hand. Though maybe you watch beheading videos and it doesn't concern you? Not sure.

I'm only sick of these kids that want to live in the dark age but don't want to live in the dark age. You can't have both.

Well, I'm not afraid. There are enough people that would fight for freedom against religious domination. Well, in a way george bush did holy wars too. Babbling something from god told him to attack the irak and such bullshit. But the problem there are the other radicals. Christian radicals. Something everyone should be aware of too.
1072  Bitcoin / Development & Technical Discussion / Re: i heard someone attacked bitcoin network by lot of transaction...? on: March 12, 2016, 09:20:17 PM
even i had heard that....rumors i suppose...because it difficult to attack bitcoin network

It's possible because an artificially restriction in the bitcoin protocol. Initially implemented to prevent spam, though it never served that purpose

It did serve that purpose. Without it the current blockchain would likely be much larger.

When did it serve that purpose? Spam happened all the time with spam transactions over blockchain.info to show up spammy website url's and such. But the 1MB Limit was never met. It only was met now when the blocks are nearly full, in fact they are full on certain hours nearly all the time now.

But before this discussion there was no real spam that was blocked by the 1MB limit. Or was there?
1073  Economy / Economics / Re: Why have Bitcoin instead of cash? on: March 12, 2016, 09:18:01 PM
With that copied credit card there is no problem. The credit card company will refund him. If your bitcoins vanish no refund will happen at all.

it depend, if you store on somethign that has insurance like coinbase, they refund you

so it's not bout fiat or bitcoin, it's about the service you use, fiat and bitcoin are just money, they do not have auto-refund option...

You mean bitcoins on coinbase are insured? Well, there is still the option of the exchange "get hacked" and I wonder if they have found any insurance company that would back such a risky business. The damage would only have to be big enough.

Guess you see I can't trust any centralized exchange anymore. Tongue
1074  Economy / Service Discussion / Re: Bitcointalk Escrows - Trade Safely! on: March 12, 2016, 06:32:14 PM
I did not know that it is possible at all to send bitcoins from different wallets in one transaction. That possibility would make it impossible to surely judge from a transaction with 2 input addresses to the outcome that both addresses were in the same wallet and belong to the same person. Or one could connect his own wallet with another wallet to make it harder to find him.

At the technical level, bitcoin doesn't know anything about wallets.  There are only inputs and outputs.  The only requirement on the inputs are that they refer to unspent outputs.  They don't need to belong to any wallets. They don't even need to belong to any bitcoin addresses. Or they can come from as many addresses or wallets as you like.  This is the concept behind things like "SharedCoin", "SharedSend", etc.

When you say it this way then it has to be that way. I think it might be interesting to check out the fundamentals of the protocal a bit mire. I did not bother yet about that besides multisig though that something I believed in now is not true anymore is interesting.

If so then services like walletexplorer.com has a serious flaw.

All blockchain explorers have a lot of serious flaws.

I meant walletexplorer.com is for finding connected bitcoin addresses so that you know that they have to be owned by the same wallet. Though now that doesn't sound like something trustworthy anymore. Even when inputs come from 2 address into a transaction, it is maximum a strong hint that they have the same owner. So even that can't be proof of anything.
1075  Economy / Securities / Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit on: March 12, 2016, 05:32:00 PM
This is like the classic "Right. Give me the money and wait right here, I'll go get your shit form my guy & be right back."
Only you've been waiting since 2013 Sad

Well, the thing is that we gave him our money years ago already. We lost it already. Everthing that now comes back is a plus that lowers our loss.

The thing is a bit different than running a stranger away because we can push him forward... The circumstances are that way. So if things don't get into smooth roads soon, now that everything is readymade and he only needs to send the divs each month, we can push.

To be honest, I gave up long ago to believe any of his promise. I can't get my hopes up anymore now. Though I still work on things because I know that we make babysteps at least. We won't sit around silent when things went worse.
1076  Economy / Securities / Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit on: March 12, 2016, 01:28:32 AM
For the shareholders... it seems cannabit is up and running on counterparty. The share has a strange name though but it has the real name in comment.

A small div was sent, the issuer claimed he could not get the amount he wanted from his exchanger. He will try to gather the remaining coins in the next days. Let's hope this will happen... soon.

Regarding trading on counterparty. It is very hard to trade shares against bitcoin but against xcp works. Though for some reason there is a timeout of 7 days. Need to ask if that can be avoided.

When creating an order in xcp you might check http://coinmarketcap.com/currencies/counterparty/#markets to see the current value.

Hope this will move on it's own from now. Next step remaining divs, step 2 monthly divs coming in regularly... well, one can dream, right? Smiley
1077  Economy / Securities / Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit on: March 11, 2016, 10:42:24 PM
Hi Sebastien,  Smiley

A reply from Nxtforum.org:

Paying divs in BTC is very possible with NXT assets. Asset issuer just has to convert BTC to SuperBTC and send divs with  a plugin https://nxtforum.org/nxt-plugins/(plugin)-dividend-payout-plugin-(via-normal-transactions)-for-nrs/.

[edit] To trade (or shuffle, btw) BTC on the Nxt blockchain > http://multigateway.org

Sounds like superBTC is only an asset. Another layer to trust then I guess.

I know it is theoretical possible but not out of the box. It would have brought trouble because it would have meant for the issuer that he could pay some in btc, those who took the work to set things up on them, but the rest can't receive btc so he would have to pay nxt. Which would mean more work than simply sending nxt at all.
1078  Economy / Trading Discussion / What's the effect of add margin? on: March 11, 2016, 10:06:20 PM
Hi,

I use okcoin to trade with leverage and lately I tried the add margin feature. It seems it puts more money into the deal and lowers the risk of being called because the threshold moves further away. And the profit or loss is nearing more against zero when I did that.

So what happens exactly? When I buy a contract at 20x leverage and then add margin for the same amount I paid for the contract then would I effectively have the same like I would have had when I would have had done a 10x leverage?

Thanks!
1079  Alternate cryptocurrencies / Announcements (Altcoins) / Re: (ANN) DUBNX [DUB TO DUBNX SWAP: 3-14-16] MUSIC CREATION WALLET on: March 11, 2016, 06:40:35 PM
Take a look at the Original posting Bigs. The dub chain is sensitive. We are utilizing yobit codes that have sebastian's bitcointalk userid number.

I'm confused here...

In the post it is saying '5xeyEqFEZ1hmFKo9cUQfV288AGvMESRRDj', but we need to us yobit codes. yobit codes are generated with a random number, so how will those yobit codes arrive at the escrow person?

Yobit codes will be sent to me via private message. I then can know for sure who has the right to give me the DUBNX-Address that belongs to that transaction.

The DUB-Address can be used too, thought Yobit codes are better since the DUB wallet seems to be not so reliable. Signatures are not working with the DUB-Wallet is seems because it crashes then. So the scheme for sending via a normal transaction would be to add a certain number of satoshies to each investment. In fact the last 4 numbers of the senders bitcointalk.org user account. Then the user who sent this transaction sends me a pm and I can check the last 4 digits in the transaction value, then check the username of the person claiming he sent it. When it matches then it is very sure that he sent that transaction.

Though that will be explained in detail later.
1080  Economy / Service Discussion / Re: Bitcointalk Escrows - Trade Safely! on: March 11, 2016, 06:34:45 PM
I did not know that it is possible at all to send bitcoins from different wallets in one transaction. That possibility would make it impossible to surely judge from a transaction with 2 input addresses to the outcome that both addresses were in the same wallet and belong to the same person. Or one could connect his own wallet with another wallet to make it harder to find him.

Or is this only possible with multisig addresses and/or can it be done  with normal addresses too and does the transaction look differently than signed from the same wallet? If so then services like walletexplorer.com has a serious flaw.

Guess one should not get a stubborn one in your way with that scheme... Cheesy
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