It sort of funny when you think about it the real 51% attack comes in the form of lost of market cap, and through impotent development
implementation.
This was a very unexpected attack vector.
I think its needs some sort term coined for it....as a cautionary tale to future coins....
I shall call it a
Devexed [Attack]
when the failure dev implementation causes your coin go below 51% of the market share or similar. This causes a coin to go into a death spiral as to market and use despite high demand. There is also an usual pathology where the proponents of conflicting development solutions are incapable of seeing the other side of the argument or reaching any compromise and even attack any suggestion that their position is deleterious to their eventual goal.
So the solution is what? Break away from a system that is based on consensus, to something where centralized development make all the calls? You have to be Bat shit crazy to think that something like that would be a better alternative. ^grrrrrr^ The whole idea about the consensus model in Bitcoin is functioning as it should. Anyone is free to add new implementations and if the nodes think that these new additions is good for Bitcoin, then they start running that software. < No matter who they are > |
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Hey, the guy has style so let's give him some credit. Most politicians do not even know what Bitcoin is and what a hardware wallet is.
I hear he had a crush on his teacher in school when he was 15 and then he started dating her at age 18 and now he is married to her. You got to admire such persistence and drive to reach your goals. He is also the youngest president since the 1700's.
We need younger politicians with drive and ambition and willingness to try new technologies and ideas. Can you see Mugabe < 95 year old president of Zimbabwe > doing the same for Bitcoin?
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If Japan becomes the new Bitcoin tourist destination, I will most definitely add that to my bucket list. In some countries Bitcoin is banned, but people can still accumulate bitcoins and then take those bitcoins and go on a dream holiday in countries like Japan where bitcoin is accepted everywhere. ^smile^
If you can take that holiday during the Olympics, it would be even better. ^smile^
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I see this as a huge FOMO campaign, where a bunch of people in Japan were exposed to Crypto currency for the first time. The government legalized it and more people started to use it. They bought Bitcoin and soon realized that there are other coins too, and they started to buy some of that too.
They told the neighbor about their new Crypto currency investment and the neighbor not wanting to miss out on something has started to buy some too, and this is what is driving the Alt coin boom.
They will soon realize most of these other Alt coins are Shitcoins and they will start buying bitcoin again. ^smile^
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How to manually confirm a pending transaction ?
What are the requirements to do it by myself ?
Nobody cared to ask this question, so I will do it. Why do you want to confirm a transaction manually yourself? _ Do you want to speed things up? < If this is the reason, just pay a much bigger fee and it will be confirmed faster. _ Do you want full control over your own transactions? < It is possible, but very expensive > _ Do you want transactions that are caught in the Mempool to be confirmed quicker? < Pay miners to do it for you, for a extra fee > Give us the reason and we will try to provide a better answer. ^smile^ |
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i believe the trust from people only come because some government are accepting and regulating bitcoin, bitcoin is always seen as a tool for criminal and not trusted by the average joe
but if their government say, this is now a good thing, they will trust it blindly, when this happen other country will join the party slowly, and the confidence increase, thus making the value go up
No, people wants some kind of guarantee that the currency that they use are being supported by their government and that they are operating within the legal framework required by that government. There will be no use to build and invest in a company that are based on Bitcoin, if the government is going to shut you down for using a "illegal" payment network or "illegal tender" Many people still believe a currency is this, " a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. " Once a government gives it's support for Crypto currencies that economy will grow with the influx of new capital from countries where Bitcoin is banned. ^smile^ |
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I was just thinking this morning that something like an Ethereum smart contract might be capable of issuing unique public keys within the context of an Aliascoin type project. And lo and behold, it appears I'm not the only one thinking along the lines of using aliases in place of public keys: http://www.coindesk.com/ethereum-name-service-prepares-take-off/"For example, it will be much easier to do simple things like send ether (the token of the ethereum blockchain) to 'alice.wallet.eth' or pull up content on Swarm (etherum's decentralized storage space) by typing 'alice.swarm.eth', rather than cutting and pasting, or worse having to type, '0x123f681646d4a755815f9cb19e1acc8565a0c2ac'." Good to see a project like this moving forward, especially if all crypto can take advantage of it. This does not solve the problem with financial privacy and pseudo-anonymity for me. I guess if you opt for a public name for your account, you are willing to sacrifice your privacy. I for one, feel very strong about Crypto currency users being pseudo-anonymous, BUT I can see some use cases where this might be used. < Branding & Marketting > It is just a pity that this is being done by our <BTC> main competitor. ^grrrrrrr^ |
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Well something is happening, because Japan has reported that they have received several new applications for Bitcoin exchanges. The only reasonable thing that would cause this, is if the use of Bitcoin has increased to necessitate a increase in Bitcoin exchanges.
I have also seen major retailers that has started accepting Bitcoin as a payment option. Japan is showing the world, what can be done, if the governments make the "good" decisions. ^smile^
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I am currently using Uquid's virtual credit card service and I don't have issues with it. One can top up the credit card with bitcoin and spend the amount in fiat currencies. I was concerned about acceptability on the social media sites for advertisements but it worked fine. They charge $1 flat monthly charges and it is reasonable in my opinion.
I am curious how this works? Do they charge you interest on the outstanding amount and how much is this per month? Is this linked to any of the bigger Credit card companies, like VISA or MasterCard? Do you pay in bitcoin or in Fiat? The business model must be very strong to survive Bitcoin volatility or are this being pushed onto the consumers? In a months time, 1 bitcoin's price can rise or drop with a significant amount.  |
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You should drop your web-based wallet {PayZa} for a hardware wallet and start using https://blockexplorer.com/ to track your transactions. Blockchain.info's block explorer has been a bit slow lately. ^hmmmm^ Did you chose the miners fee or does PayZa offer you a feature to configure it on your own? These wallet providers are part of the problem. They should never have allowed you, to pay that little for miners fees under these conditions. ^grrrrrr^ |
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You will soon see most of the money not invested into Bitcoin, flowing back into it. People buy Alt coins and then make some profits and then the bubble burst and they buy more Bitcoins. Why? Bitcoin has the biggest merchant and user network of all the other Alt coins combined. < Name ONE big merchant that accepts Alt coins ? >
This might change over time, when governments starts to show their real support for some of these Alt coins. < ETH & Ripple >
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Strong Dev
Strong unified leadership
Charismatic Leader
New Tech, Complete language.
For me! this coin have
Strong Dev
Strong unified leadership
Charismatic Leader
New Tech, Complete language.
It is important that a lot of people care and invest
are you a parrot or a part of Eth advertising team copy pasting a script they emailed you? Monkey see Monkey do, you know how it goes. Eth will be the new GovCoin for governments, because the Dev team is doing everything the governments wants them to be. They have focused on filling the role that Bitcoin do not want to be, namely a Government SlaveCoin. They started out as a technology that were touted as the ultimate "Smart contract" solution and now that Bitcoin is struggling with the scaling debate, they are being marketed as the "Currency" solution. ^LoL^ |
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The same toxic trolls have a $24B market running on their software That is not their software. That is Satoshi's software. Their software is full of shit like SegWit and Lightning hooks. Fuck them. They are toxic and Gavin knew it all along but tried to be decent until it became impossible. GMaxwell can just fuck right off. It'd be even better if he managed to do it yesterday. at the people who are in control You see there! Even the Blockstream shills admit that Blockstream is " in control" I thought the distributed users/miners were in control? Blockstream believes they are "in control". This is the primary reason Blockstream is fucked up and people need to stand up and resist now. Even if you just make one post, do fucking SOMETHING. Sitting there like a lamb is the only thing that assures your slaughter. Yea, the master troll in action again. So you saying the users/miners should be in control of the coding and developing? How fucked up would that be, if the users and miners were in control of programming the code. If I were getting paid to shill for Blockstream, I would probably not be able to afford a McDonald burger with my post history. ^LoL^ Whoever has the best code, will have the users/miners support, or that is the theory.... Lately the people with the most money to spam the network and to use backdoors <ASICBOOST> seem to control the consensus. ^grrrrrr^ |
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I see you are hesitant to do the person2person trading, so I will give you some tips that were given to me. First, *Meet in a public place, where there are CCTV cameras / *Second, Go with a friend or friends. / *Third, Start with small amounts, until you have built a good trust relationship with the other person.
This has worked for me in the past, and also steered me towards some good friendships with interesting new people.
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Usually BitCasino staff is quick to defend accusations against them, and in most cases they give good proof that these accusations are wrong or misguided. I am not a very active gambler on their site, but my experience with them has been good so far. ^smile^
I think their 24/7 support within the game is good and they resolved most of the issues I have had before. I cannot comment on the provably fair games or the house edge, because I am not qualified and experienced enough to do that.
Let's hope they comment soon and this gets resolved in a professional manner.
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Gavin had his chance to be a Lead Developer and then he could not handle it and left. Now he wants to throw stones at the people who are in control and he even tried to take them down with XT and that failed miserably. When that did not work, he teamed up with BU to try another angle and that is looking bad too. < poor coding and bad flaws >
So if you cannot beat them with your code, try attacking them personally. ^Ooooooo^
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I hope the spammer's money ran out and that it will be the end of these silly spam attacks or could it be that they are using the spam budget now, to fund the $500 000 bounty to bribe the miners?  At some point in time the budget for these spam attacks must reach a point where it cannot be sustainable to do it anymore and the gains from doing this will outweigh the advantages of doing this. ^smile^ |
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Ok, It looks like the mindset is as follows : If we cannot convince them that BU is the best scaling solution, we might be able to buy their support. So let's throw more money at the problem and see if they will fall for that. This is turning into a 3 ring circus show. ^lol^
Take a guess who is the clowns. ^hmmmmm^
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It's fucking insane.
Fucking idiot developers, from what I read above.
Do not believe everything you read, jonald_fyookball in all probability is a paid shill for BU and will do anything to discredit the current developers. ^grrrrrrr^ The story behind the story is that the Blockchain is spammed by some unknown entity and this is pushing up the fees. Yes, if the Block size were bigger this might have less of an impact, but with bigger blocks we will never scale to the level that is needed to accommodate large mainstream adoption. The Core developers have seen this and they are trying to get SegWit and LN accepted to address these problems. BU is doing their best to stop them. ^hmf^ |
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Most wallets make provision for Fiat values that are converted to BTC for you, so this is not really a issue. We have introduced a token system at our bar, to bypass Bitcoin problems and micro transactions. You buy X amount of tokens on entry and you get 1 or 2 beers for free. < this usually encourage people to adopt Bitcoin >
At the end of the evening, you cash the tokens out at the value that you bought it for. < It is written on the token page >
You have to make alternative plans to deal with volatility and transactions delays. ^smile^
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