Bitcoin Forum
June 25, 2024, 04:07:32 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 [617] 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 »
12321  Other / Off-topic / Re: My Smerit distribution on: May 24, 2018, 11:55:08 AM
https://bitcointalk.org/index.php?topic=4178434.0
12322  Other / Beginners & Help / Re: Best cryptocurrency books on: May 24, 2018, 11:52:08 AM
Mastering Bitcoin, free book available at github, is a classic already. By Andreas Antonopoulos. Very clear and simple explanations about bitcoin.

https://github.com/bitcoinbook/bitcoinbook/blob/develop/README.md
12323  Economy / Economics / Re: Bitcoin can reduce the risk of your portfolio on: May 24, 2018, 10:38:40 AM

Generally, it's always very good idea ''Don't put all the eggs in the same basket'' Smiley
So, in my opinion, we should invest in different markets and financial instruments, not only crypto market.
Thank you for your financial analysis.
Bitcoin was a new asset class with high returns but bitcoin is not ''new'' any more and returns are not high as before.
The market has stagnated for half a year.
It's very difficult to predict future with crypto market.


Hello,

This Modern Portfolio Theory is not about predicting future.
It's a statistical and mathematical model that builds an optimal portfolio, which offers the maximum possible expected return for a given level of risk.
And you can lower the risk by adding non-correlated assets.

If all your assets go up and down at the same time, that's bad for you. Imagine the whole Stock Market goes down 10% (which is huge for that kind of market), but bitcoin goes up 30% (which is not that much for bitcoin). Your portfolio will not suffer so much.

The opposite can happen too, when stock market goes up 10%, and bitcoin goes down 30%.

The idea is to be exposed to many different assets with non-correlated risks. The objective is not receiving high returns from bitcoin, but that it's not going up or down at the same time as the rest of your portfolio.
12324  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum vs. Ethereum Classic on: May 23, 2018, 07:20:43 PM
Ethereum is a fork of Ethereum classic.

Hackers stole 50 million in DAO (an ERC20 token) and Vitalik decided to make a hard fork on the previous chain.

On this new chain, called ETHEREUM, there was an smartcontract that allowed users to withdrawl all the DAO that was stolen, which would be paid in Ethereum.

The community was splitted. Whoever supported the Hard fork (ethereum) and who didn't want to fork (Ethereum Classic)

This hard fork (Ethereum) opened a lot of questions about immutability and "code is law".
I am very happy Bitcoin never did something similar (such as Mt Gox episode)

Source and more information:

https://blockgeeks.com/guides/what-is-ethereum-classic/
12325  Economy / Economics / Bitcoin can reduce the risk of your portfolio on: May 23, 2018, 02:32:04 PM
I was thinking about Modern Portfolio Theory and Bitcoin. I did a little research about it and will share my thoughts with you guys.


As stated here (https://www.turtletrader.com/modern-portfolio-theory/)
Modern portfolio theory is standard practice in the smart investor’s portfolio. MPT places a non-correlated investment, a predefined percentage managed futures component, into a typical bond and equity portfolio. Risk is diversified away from the bond and equity positions into non-correlated managed futures positions. Higher portfolio returns with a reduction in risk is the end result.

As you can see in this chart, from the same website, 100% bonds is riskier than 80% bonds and 20% stocks.


A greate challenge to investors is to find non-correlated assets.

This is where bitcoin comes in.

Bitcoin is a new asset class with high returns, non-correlated to any other assets.

Pension funds, hedge funds, and many other funds are probably willing to buy bitcoin, as it is non-correlated to any other assets. But they can't for legal reasons.
But they can buy a Bitcoin ETF, or maybe a Bitcoin Future. Soon money will come, when those legal instruments are available for them.

When you add volatile assets, that have low correlation with the other assets in your portfolio, your overall portfolio volatility and risk get lower.

Remember, to lower the risk of your portfolio bitcoin should be something like 3% of your overall portfolio, maybe even less.

This articles covers a little about the subject too.
https://medium.com/@dustin_byington/why-owning-bitcoin-reduces-risk-8163309ec2f1

Edit:
Vitalik Buterin saying the same thing, that cryptocurrencies reduces risk.
http://Https://www.youtube.com/watch?v=VosfxChTxVg
12326  Economy / Services / Re: BITCLOAK BITCOIN MIXER [SIGNATURE CAMPAIGN] [OPEN][Merit Requirement] on: May 23, 2018, 12:48:45 PM

I have a good News, this campaign is running for another 2 weeks


Hello, i would like to join
I have 204 earned merits.


Link to Profile: https://bitcointalk.org/index.php?action=profile;u=1554927
Bitcointalk Rank: Full Member
Current number of posts: 715
Bitcoin Address to send the payment: 3QciAGvdzV9C3oeoBKoAhopLscXwhv2EAy
12327  Bitcoin / Development & Technical Discussion / Re: The Beginning of Bitcoin on: May 22, 2018, 09:25:55 PM
I think Hal Finney story may interest you.

https://bitcointalk.org/index.php?topic=155054.0

At block 170 Satoshi made the first bitcoin transaction to Hal Finney
https://blockchain.info/tx/b1fea52486ce0c62bb442b530a3f0132b826c74e473d1f2c220bfa78111c5082
12328  Local / Português (Portuguese) / Re: Preço não para de cair. Nada mais pode ser feito. on: May 22, 2018, 01:19:22 PM
Acho esse dinossauro legal kkk

12329  Local / Português (Portuguese) / Re: Dois anos desde a minha primeira transação! on: May 22, 2018, 11:16:33 AM
Se não fossem os faucets, talvez eu não estaria aqui hoje, os faucets salvaram a minha vida, então quem puder, doe uns 5-10 reais em BTC pra um amigo..


Muito legal sabotag3x.
Essa sua idéia é muito boa

O primeiro contato com o bitcoin é uma experiência incrível.

Abraços e que venham mais muitos anos de transações.
12330  Economy / Services / Re: A simple bitcoin Q/A. Learn new and interesting stuff about bitcoin. on: May 18, 2018, 03:40:26 PM
You just got your 200th merit and good explanation.

Thank you.  Cheesy
You gave me my first one also , when I didn't even knew what that was .
https://bitcointalk.org/index.php?topic=2885058.msg29953079#msg29953079
12331  Economy / Economics / Re: Any ideas of what we lack in crypto world? on: May 18, 2018, 11:18:04 AM
I think we lack secure and easy-to-use newbie-friendly wallets.

We lack good exchanges in many fiat pairs in developing countries as well.

I think those "boring" projects, infrastructure, are the ones we lack the most.

We already have many 3d, virtual reality, man on mars with blockchain projects..
12332  Bitcoin / Development & Technical Discussion / Re: Sacrificing Decentralization for Scalability on: May 18, 2018, 11:16:33 AM
Each Cryptocurrency and it's community have different opinion, such as :
1. Bitcoin choose decentralization over scalability, features (such as Turing-complete smart-contract & private transaction) & network throughput (higher TPS).
2. BCash choose features (by re-enable few OPCODES), network throughput (by increase block size) & "scalability" over decentralization (i think they sacrifice it too much).
3. Monero choose features & decentralization over scalability & network throughput.
In the end, each people have different thought over this problem. But mostly i agree with Bitcoin developer/community choice, even though i think block weight increase (where regular user run full nodes even after increase) would be better.

I kinda agree with this, but what makes a coin more decentralized than others? For example the BCash side arguing that nodes without hash power are simply "no effect" on decentralization. That's said, only nodes with hash power are counted. Any comment on this? Thanks.

In my opinion, these are things to consider while think in centralization:
  • Mining centralization: Different pools. Different computers with different hash power, distributed geographically. In this point, bitcoin is somehow centralized
  • Coin distribution: An image that is worth a thousand words

  • Consensus mechanism: Anyone if free to buy equipment and join bitcoin mining. I think the consensus mechanism favors decentralization. Other coins, like ripple, do not allow that as they have a master node.
  • Developing: BIP (Bitcoin improvement proposals) allows decentralization in development.
  • Central authority: There is none in Bitcoin. Is there in bitcoin cash? Ethereum?

These are a few points i just thought now...
12333  Local / Português (Portuguese) / Re: Campanhas de assinaturas que aceitam posts locais on: May 18, 2018, 11:02:34 AM
 Galera, não é assinatura. Se a postagem for ruim pro tópico eu removo. Mas tem um cara que aparentemente está doando umas opendimes. Eu sempre quis ter uma e sempre estou adiando. A despesa ficaria pelo custo da postagem. É bastante arriscado e você teria que enviar seu endereço para um desconhecido, mas ele é legendary e tem um trust bastante positivo.

O link: https://bitcointalk.org/index.php?topic=3444625.msg37619078#msg37619078

Não conhecia esse dispositivo.  É quase um hardwallet?

Olha, vou dar minha opinião aqui sobre isso.
Isso é uma regra básica de segurança computacional: segurança física do equipamento. Se um hacker teve acesso físico ao seu dispositivo, ele é considerado permanentemente comprometido.
Isso vale para airgapped pcs, hardwallets, qualquer dispositivo.

Então esse dispositivo que ele está sorteando, já pode ser considerado comprometido.

Esse tipo de dispositivo só pode ser adquirido diretamente da fábrica ou revendedor oficial. Por qualquer outro meio, já não vale mais nada.

Mais informação aqui do nullius.
https://bitcointalk.org/index.php?topic=3176978.msg32950018#msg32950018
12334  Local / Português (Portuguese) / Re: Se tiver algum post que merece, to querendo dar merits on: May 18, 2018, 10:54:44 AM
https://bitcointalk.org/index.php?topic=3031681.msg31179755#msg31179755

O que são smartcontracts e oracles.
12335  Bitcoin / Bitcoin Discussion / Re: Certified Bitcoin Professional (CBP) on: May 17, 2018, 11:39:02 PM
Does anyone have this certification?  I just read about it was thinking of getting it over the holidays.

https://cryptoconsortium.org/certifications/CBP

Hello @Vod.

Did you do it?

I am interested in it... I would like to hear your opinion about it.
I just read mastering bitcoin, is that enough? I am expecting a somewhat easy test.... Any coding skills required?
12336  Alternate cryptocurrencies / Altcoin Discussion / Re: What kind of risks do you face with your cryptocurrency? on: May 17, 2018, 07:52:06 PM
High volatility - to reduce this risk, buy good cryptocurrencies with large marketcap.
Hackers - to reduce this risk, buy a hardwallet
Lose coins , lose privatekey, seed - be careful and educate yourself.
12337  Alternate cryptocurrencies / Altcoin Discussion / Re: How Centralized is tether? on: May 17, 2018, 07:41:02 PM
* Anyone with good knowledge of how Centralized tether is?

* Is tether built on Bitcoin?

* What is the implications of building a Centralized (Non-transparent) Cryptocurrency on Bitcoin or other decentralized cryptos?  Could be abused/over printed?

* Should non-transparent Cryptocurrencies be even allowed to exist without being regulated by humans (humans in this case are governments/constituted authorities)


I really don't know much about tether as I haven't found time to research it properly.
 


Tether is a cryptocurrency that runs on Bitcoin Blockchain.
It was built on Bitcoin's blockchain using OmniLayer.

Basically, Tether is a company, and when you buy tether, you are making a loan to that company, who promises to pay you back 1 USD for each tether you own.

I recently made a post about it, which I am going to quote here.

It's a Debt Security.
You basically become a creditor of that company.

You are making a loan to Tether with zero interest rate. That's a pretty good deal for Tether. So you are borrowing money with 0% interest rate, assuming all the risks, as Tether may go the bankrupt and do not pay you back. Even so, there are a few advantages of buying tether:

  • Taxes- You can sell your cryptos for tether and do not pay taxes (yet). This way you can postpone your taxes in many countries(according to your country legislation)
  • Convenience- You can easily move your USDT around exchanges across the globe without any burocracy and faster than you would move USD.

This cryptocurrency is closely connected to Bitfinex, as they share the same CEO. Bitfinex is one of the biggest exchange in the world. As they make a lot of money I believe they may have their Tether backed up, but I am looking forward to see the results of any real audit.

Be careful, as tether has never been audited. They may or may not have the money to pay investors.
12338  Economy / Services / Re: A simple bitcoin Q/A. Learn new and interesting stuff about bitcoin. on: May 17, 2018, 02:18:20 PM
Question :  What is the difference between a regular transaction and a coinbase transaction? Do explain the both type of transactions with or without any examples.

A coinbase transaction is a special transaction that transfer new generated coins to a miner's wallet. It's the first transaction of a block.

Whoever solves the PoW puzzle faster creates a new block and receives it reward. This reward is a newly generated bitcoin, called coinbase.
Example:
https://blockchain.info/tx/451329336cfaa7896fb4aba504bb3acd9964fc27b3fe6bbbf05615d19df313a1


A regular transaction is any other transaction, which does not involve newly generated coins.
Example:
https://blockchain.info/tx/e038d1191d09eed13ef8e4d87f95b0e3499c63aaf7bc14001e099a4e5bf50172
12339  Bitcoin / Hardware wallets / Re: Update Ledger Nano S without the 24 words is possible? on: May 17, 2018, 11:12:23 AM
I moved the coins to another wallet before trying to update.

Are your coins out of the nano then?

So try to reset your wallet now.
Insert the wrong pin3 times and the nano will reset.

Now it will update without the seed, probably.

Check on all update steps if there is anything on  Ledger's led panel asking you to click a button.
12340  Other / Meta / Re: Ban the 3rd world non english speakers on: May 17, 2018, 10:58:41 AM
I am Brazilian and I find your post offensive also.

I don't think racism should be tolerated here.

How someone come to a GLOBAL CURRENCY forum saying that 3rd world countries members are not welcome?
or any other kind of attempt to exclude a group of people.
Do you think bitcoin would be better if only rich people could use it?

Bitcoin was designed for everyone. Rich people, poor people, for everyone on the earth. The idea was to flat currency relationships worldwide.

Your comment is against bitcoin philosophy.
Pages: « 1 ... 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 [617] 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!