Bitcoin Forum
May 24, 2024, 01:04:11 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 ... 67 »
121  Alternate cryptocurrencies / Altcoin Discussion / Re: crypto pump channels on telegram? on: September 04, 2018, 06:43:33 PM
I wouldn´t touch any of these channels with a ten-foot pole.

Think of it from this perspective:
Why would anyone, who has this kind of insider information
share it with other people on Telegram? It just makes no sense.
If he (or she) actually had information that would lead to big trading gains
in a short time, they would just use it themselves.

This is similar to services that sell sport betting tips or stock trading
tips. If they would actually have profitable tips, they wouldn´t need to run
a service, because they would be rich in no time.
122  Economy / Gambling / Re: Stake.com | The Bitcoin Casino | Plinko, Mines, Blackjack, Roulette + 8 more 👽 on: September 04, 2018, 06:36:04 PM
Can you add a possibility to filter the High Rollers tab permanently
for bets of a certain size?

E.g. I want to be able to specify in my account settings (or somewhere else)
that I only want to see bets that are above 1 BTC.
Besides, it would be great to be able to specify that you only want to
see BTC bets. Right now it isn´t possible to filter the displayed bets
at all and I´m seeing a few Litecoin or ETH bets in the High Rollers tab that
I´m not really interested in.


123  Alternate cryptocurrencies / Speculation (Altcoins) / Re: My 100x-1000x bet in a year on: September 03, 2018, 04:53:40 PM
... If Masari gains on popularity, a new ASIC is probably just around the corner.

I´d argue that most people with the know how and the capital
to build ASICs don´t even have Masari on their radar at all.

I just checked the total hashrate of the Masari network, because
I was curious how all these Monero forks are doing.
If the data I found is correct, Masari has a total hashrate of
just 11.33 MH/sec, which is ridiculously low for a PoW coin.

At this level of hashing power, no one is going to store
any kind of wealth in Masari, because it would be trivial for an
attacker to attack the chain.
124  Bitcoin / Bitcoin Discussion / Re: Hodlers are unscrupulous parasites. Here's why on: September 03, 2018, 04:34:58 PM
...
Therefore, if we are to bravely face the harsh and unpleasant truth and call things their real names, these people who proudly call themselves hodlers are in fact hoping to get something out of nothing, to get a share of the common pie when they themselves didn't bring anything to the table in the first place. Sounds familiar? So who are they if not parasites?
...

The hodlers are also the people that stand to lose the most
if Bitcoin never truly succeeds. Of course a holder that is sitting
on hundreds of Bitcoins isn´t really contributing to BTC merchant adoption.
Nevertheless, he has put a lot of money into Bitcoin (only very few people got
in so early that they managed to acquire huge amounts of BTC for a few dollars)
and has therefore given a huge vote of confidence for Bitcoin.

I´d therefore disagree with the pejorative "parasite", because a parasite
isn´t taking on so much risk and is instead piggybacking off the success
of others.
125  Bitcoin / Press / Re: [2018-09-03] Tom Lee: Bitcoin to Hit $20k in 2018 Despite Struggle of Emerging M on: September 03, 2018, 03:34:18 PM
... Perhaps this will be another global financial crisis - a possible reason for the growth bitcoin.

We can´t be sure how Bitcoin will perform during a financial crisis. After all Bitcoin
was founded after the last big financial crisis (remember the message in the Bitcoin
genesis block!).

It is entirely possible that a global financial crisis would actually lead to a decrease in the
Bitcoin price. In times of need people may start by liquidating their more speculative assets
first. I´d argue that most people still view Bitcoin as a speculative asset and therefore it is
likely that many will dump it when they desperately need fiat during a financial crisis (e.g.
after they got laid off). How many people, who just lost their job will be able to have the discipline
to hold onto their Bitcoins?
126  Alternate cryptocurrencies / Speculation (Altcoins) / Re: your favorite Exchange (without KYC/Verification) on: September 03, 2018, 03:13:24 PM
...
Don't forget to add Binance to your favorite exchanges list. Beside from it's one of the top 3 exchanges and having big volumes,
binance also does not require a KYC for its traders.

This is not 100 % correct. If you intend to withdraw more than 2 BTC
(or the altcoin equivalent of 2 BTC) per day, you will have to complete
KYC verification at Binance. Therefore Binance is perfectly fine for smaller amounts,
but unviable for bigger amounts if you want to stay anonymous.
127  Economy / Exchanges / Re: List of bitcoin debit cards on: September 03, 2018, 02:07:46 PM
...
The ATM withdraws are *very* strange here because my country's currency is not Euro. Some banks' ATM tries to convert the currency at bank's awful rates, some allows me to use Wirex or VISA rates, some add extra, some not.
...

Isn´t this just a temporary problem? After all you will know after a few
tests, which ATMs are giving you a good rate and which ATMs are screwing you with usurious fees.
Afterwards you simply stop using the awful ones and you only withdraw at ATMs
with fair rates.

Another possibility is to pay with the debit card as much as possible in order to
minimize the amount of ATM withdrawals that you need to make in a month.
128  Local / Deutsch (German) / Re: Bitcoin & die Steuer - FAQ on: September 03, 2018, 11:25:55 AM
@qwk
Du könntest im OP den folgenden Satz ändern, da ab der Steuererklärung 2018 eine neue
Abgabefrist für die Steuerklärung (31.07) gilt.

...
Steuererklärung: für eure Steuererklärung habt ihr bis zum 31.05. Zeit.
...

Siehe z.B. Punkt 3.2 dieser Zusammenfassung der Ziele des Steuermodernisierungsgesetzes:
https://www.bundesfinanzministerium.de/Content/DE/Monatsberichte/2016/08/Inhalte/Kapitel-3-Analysen/3-4-Modernisierung-des-Besteuerungsverfahrens.html

Quote
Die allgemeine Steuererklärungsfrist für alle Steuerpflichtigen nach § 149 Absatz 2 AO wird von fünf auf sieben Monate verlängert.
Damit erübrigen sich viele Fristverlängerungsanträge nicht beratener Steuerpflichtiger. Hinzu kommt, dass die gesetzlichen
Voraussetzungen für eine – in der Praxis regelmäßig großzügig gewährte – Fristverlängerung sich in der Hinsicht nicht geändert haben (§ 109 Absatz 1 AO).
129  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will ethereum recover before December! on: September 03, 2018, 11:15:18 AM
i believe that ethereum gonna rise in this year end bullrun and hit 500$. but this rising it's gonna be on a slow paced. like we all can see in a past few days this rising was quite slow

This is never going to happen.

You have to take into account the fact that most ICOs still
have not cashed out their ICO proceeds. In the end none of them
want to keep ETH and they all want to exchange their ICO proceeds
to BTC or to fiat. This is putting a lot of downward pressure on the price
and this prevents a bull run from happening.

If the ETH price would increase by 100 $ tomorrow, it would simply decline
again as further ICOs continue to use the price increase to liquidate
more of their raised ETH.
130  Bitcoin / Press / Re: [2018-09-01] Japan’s National Police Installing Crypto Transaction Tracking Syst on: September 03, 2018, 09:26:39 AM
...
has it never ocurred to them that the best idea would be spending like 1/10 of the designated funds
and simply create a couple of mixers for coins and advertise them thouroughly
this way you will have your hands on many coins that are stolen,tainted etc.
*gifts the idea for free to all the cybercrime agencies out there

Maybe they are doing this already. You can´t really know,
who is actually running the popular mixers. It is entirely possible
that they already know way more about cryptocurrency transaction
tracking than they admit.

This reminds me of the TOR exit nodes where it is also widely suspected
that government agencies control a non-negligible percentage of all nodes.
131  Economy / Economics / Re: Buy 1 ounce Silver. End the Fed on: September 02, 2018, 03:40:36 PM
...Looks like Bitcoin has failed as a payment system now that expedia.com removed bitcoin.

Maybe Bitcoin is viable for something different than being a payment option
for companies like Expedia.

In my opinion Bitcoin´s two main use cases are being a store of value and being
a censorship-resistant payment option. We all know that sites like Wikileaks
got cut off from all mainstream payment options and therefore they had to turn
to alternatives like Bitcoin. No authority can shut down your Bitcoin wallet
and you can use it from anywhere in the world.

If you really want to order from Expedia, you don´t really need Bitcoin and you
can just pay using Paypal or your credit card.
132  Economy / Economics / Re: Trumps effect on the economy. on: September 02, 2018, 03:32:24 PM
Knowing that the Dow and Wall Street is performing pretty nicely as of late, so far Trump's administration had been delivering good results for the US economy. However, on the darker side of things, with the recent trade tariffs imposed on several countries, the US is silently making enemies in the process,...

Maybe it is actually a good thing for the US economy if he renegotiates
some of these trade deals. If you start to look at some of the details
regarding the trade deals, you will come to a different opinion
about Trump´s trade war.

E.g. the mainstream media ridiculed Trump for claiming that Canada imposes
ridiculous tariffs on certain goods (e.g. a 270 % tariff on some dairy products).
After looking up the facts on this issue I have to say that Trump was actually correct
and the numbers are exactly as he claimed.
133  Economy / Marketplace / Re: Trading, campaigns, gambling or mining? on: September 02, 2018, 01:49:38 PM
...
I've never mined bitcoin, but that seems like the most honest way of making bitcoin.  But from what I've read, it seems like an individual can't muster enough mining power to compete with the big mining farms already in existence. 
...

I guess that this statement is true in general. However, you could
still join a mining pool. By doing that you obviously will
only earn a fraction of a BTC, but this still enables people to mine Bitcoin.
Not all people mine BTC for profit, some people simply like the idea
of contributing to the network security. Other people might just
be interested in the technical details of setting up a mining operation
notwithstanding the fact that an operation like this is obviously
unable to compete with the big mining farms.
134  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: 🔥 PHUN.IO 🔥 ✅ FREE BETS EVERY HOUR! ✅ 💰 MULTIPLY YOUR BET BY 1000X+ 💰 on: September 02, 2018, 01:30:53 PM
Can I somehow switch to a brighter theme? The combination
of black and green is really hard on the eyes (at least for me).

...We just added instant deposits! So now you can deposit and play straight away, no more waiting! Cheesy[/center]

This seems risky. People could theoretically abuse this by making a low fee deposit
and double-spending it with a much higher fee if they lose their bet. Of course there is only
a small time interval where that is possible, but still this seems like a risky decision.
135  Alternate cryptocurrencies / Speculation (Altcoins) / Re: So surpridsed ! Bittrex delisted BTG on: September 02, 2018, 01:13:37 PM
I'm not sure I agree with their assumption that the exchange should absorb the loss from their 51% attack, especially when BTG had such a big pre-mine given to the creators.
...

They are faced with a serious predicament here. On the one hand
Bittrex is an important market for BTG. But on the other hand the devs
obviously can´t bail out an exchange for BTG-related losses everytime
that a problem occurs.

Just imagine what would have happened when they would have
paid the BTG to Bittrex. As soon as another exchange suffers a BTG loss
the devs would be pressured into another bail out.
136  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 02, 2018, 01:05:08 PM
...
Look out for bisq, shapeshift and changelly Grin

I read that Changelly requires KYC sometimes, which is a big
disadvantage for me. I´ll go with Binance now, because the 2 BTC
limit for unverified accounts is still available and that is enough for me.

Buying XMR at an exchange that does KYC kind of defeats the purpose
of using a private cryptocurrency like Monero in the first place.
137  Economy / Gambling / Re: Overview of Active Casino/Dice Sites Accepting BTC on: September 01, 2018, 08:44:57 AM
...
I firmly suspect that more than 99% of gamblers either don't know what a house edge is or don't care about it if they do.

Then your ChipMixer colleague buwaytress is one of the other 1 %  Grin

https://bitcointalk.org/index.php?topic=1820529.400

...
If you're a sports bettor, or any kind of gambler, for that matter, then you only want the best odds. Call me a traditionalist but I've never been impressed by flash.
Talk to me odds and house edges, and there's where I put my money.
...

I suspect that more people at least subconsciously think about the house edge than you think.
This is why many players prefer games like Roulette or Baccarat to traditional slot machines, because
these slot machines obviously have a terrible house edge in general (e.g. at brick and mortar
casinos slots sometimes have a house edge of up to 30 % in my country, which is ridiculous).
138  Economy / Gambling / Re: BITCOIN SPORTS BETTING REVIEW - BEST BTC SPORTSBOOKS - 2018 (CUSTOMER FEEDBACK) on: September 01, 2018, 08:30:47 AM
...I can't find a reason to switch away from using Nitrogen (Someone convince me if you can).  They seem to just be on a different level than the other bitcoin sports books.

Better odds could be a reason to use another service than Nitrogen.
Even a small difference in odds can make a huge difference in terms of
winnings in the long run when you place a lot of bets.

I´d recommend going with one of the betting agents / brokers that allow
Bitcoin deposits.
139  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 01, 2018, 08:02:54 AM
I´m looking to buy some XMR. Does Binance still allow
withdrawals up to 2 BTC (or the equivalent in another crypto)
without requiring KYC? Any other exchange that is recommended
for buying XMR?

According to Coinmarketcap HitBTC is the exchange with the most volume,
but to be honest they seem pretty sketchy and the exchange subforum at Bitcointalk
is full of scam accusations against them.
140  Bitcoin / Development & Technical Discussion / Re: Block Size Scalability Issues on: August 30, 2018, 11:43:43 AM
...
Unfortunately it's impossible with current PoW algorithm/consensus method since people who have most efficient ASIC with cheapest electricity always win and in PoW, the winner takes all.
...

This may be true in theory, but in practice most miners are part of a mining
pool. Therefore they participate in the block reward every time that someone
from their pool "gets lucky" and manages to claim the block reward.

In the long-run this smoothes out the mining income and enables mining
on a more industrial scale. Of course there is still the possibility of mining
less than your expected share for a long time, but still taking part in a mining
pool reduces the variance inherent to a system that was designed as a
winner takes all system.

I wonder how Bitcoin would have turned out if we had never seen the emergence
of mining pools. The hashrate would probably be lower, because higher variance
would have made long-term planning and therefore industrial mining much more
difficult.
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 ... 67 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!