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12361  Economy / Economics / Re: When Money Dies: In Venezuela, A Haircut Costs 5 Bananas And 2 Eggs on: May 15, 2018, 11:00:15 AM

One can only imagine how much money the top officials in Venezuela would have plundered by now. With their plans to come up with their own crypto "Petro", will there be any improvement in the corruption situation? The launch of the currency itself was full of ambiguities as it was shifted to NEM at the last moment. If this is any indication of things to come by, it again looks like a screw up.

The only way out for the people now is probably a revolution or if those at the top have a change of heart.

Probably he will use this Petro as a security debt.
He will try to Fung his corrupted activity by Petro, as bolivares (his fiat) are just worthless now.

I didn't knew he shifted it to NEM in the last minute... Well, they are incompetent I hope they will never be able to launch this coin as a working product.
12362  Alternate cryptocurrencies / Altcoin Discussion / Re: What are your views on Casper protocol Update on: May 15, 2018, 10:46:54 AM
I was very disappointed as a minimum of 1.500 ethereum (near 1.5million usd) is the minimum requirement for staking.

I know you can join a pool, but anyway, I was disappointed and it will bring more centralization.

As the price didn't go up already  , it won't later. The market reacts fast.
12363  Other / Beginners & Help / Re: Tether as Debt Security. And Tether Rich List on: May 14, 2018, 11:34:47 PM
It's difficult to tell if the day-traders are simply unaware of the increasing discrepancies, or deliberately ignoring them because they're too busy using Tether to turn a profit.  The latest uncovered shenanigans include scrubbing all reference to Tether offices based in the US from their website, coincidentally around the same period they were subpoenaed by the CFTC.  But they can't wipe the history from archive.org where it clearly lists "Offices in Santa Monica, CA" and the strangely less specific "East Coast".  There's also a really good writeup on the general state of affairs here.

I think most of them are unaware of the risks. Some of them may think it's worth, for convenience.

If you are trading on binance and want to go to fiat, it's much faster and cheaper to just buy some tether.
12364  Alternate cryptocurrencies / Altcoin Discussion / Re: Paying low fees in Ethereum - Gas Limit, Gas Price and Gwei on: May 14, 2018, 11:31:06 PM
I found the problem at the gas limit for token delivery. what is the recommended standard gas limit for token delivery? whether 100000 or 200000. thanks

It's 200000

Token delivery consumes more gas than a simple eth transfer
12365  Bitcoin / Bitcoin Discussion / Re: How can a goverment trace you have BTC? on: May 14, 2018, 11:28:32 PM
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?

Government can find you through an exchange.
He can find you through an kyc from an airdrop, ico, etc.

Unless you are very careful, you can be tracked.
12366  Other / Meta / Re: suggestion: sort replies by merit on: May 14, 2018, 11:21:17 PM
Instead of using the Merit system to identify the best post, What if we gave the OP a chance to select the best answer.

I think this is a great idea too. Chosing the best answer that could be highlighted , and  keep the original order of the posts below.
12367  Alternate cryptocurrencies / Altcoin Discussion / Re: what wallet is better for bitcoin cash and the others? on: May 14, 2018, 09:47:58 PM
Look, wallets doesn't have fees
Some wallets let you control the fees for transactions, others don't. Some let you choose priority or standard, ectc.

The safer wallet for you is ledger nano.

If you don't want to buy one, go with Coinomi. Easy user interface and let you control fees
Supports most coins
12368  Bitcoin / Bitcoin Discussion / Re: Can the volatility of Bitcoin be curbed? on: May 14, 2018, 08:39:46 PM
Bitcoin volatility is already in decline.


Source: https://www.coindesk.com/bitcoin-where-wall-street-and-silicon-valley-meet/This chart is old,but it does the job.

Also, we are in about 3 months on the range 7-9k. This is low volatility for bitcoin. E até getting there.
12369  Alternate cryptocurrencies / Altcoin Discussion / Re: DAGs are applyable for blockchain ? on: May 14, 2018, 02:13:04 PM
IOTA is a top10 marketcap coin which doesn't run on a blockchain, but on a DAG.
It's not blockchain technology

Iota is a centralized cryptocurrency which uses Proof of Work+ proof of authority (the coordinator node).

Decentralization is a possibility in the future for iota, but not their main goal. Iota needs free and fast transactions for it to work on internet of things (IoT). And DAG allow iota to do it.

There are no miners and each transaction confirms 2 early ones for free.
12370  Other / Beginners & Help / Re: How much does an Airdrop cost? on: May 14, 2018, 04:00:21 AM
Absolutely agree with OP. Airdrops are something most of have to try for ourselves before we decide they aren't worth our time. That especially goes for all airdrops which require you to do something. Airdrop should be absolutely free & without any tasks attached, except KYC if necessary. All the airdrops that require social media advertising are actually bounties and I just skip those.

Regarding installation of wallets for airdrops. Be sure to use separate machine or at least Virtual machine. It is just to easy to get some nasty malware/virus/trojan or whatever that way.

I think KYC is the worst part of those airdrops.
I am out of all of them, except if I am really interested in the coin and willing to buy it.
12371  Alternate cryptocurrencies / Altcoin Discussion / Re: What % of airdrops that you signed up for did you actually receive tokens from? on: May 14, 2018, 03:59:12 AM
Most of them are fake and don't really "pay" the coins they promised.

I have read numerous users saying they joined 100-200 airdrop and got about 20% of them only.

I have joined about 20-30 airdrops few months ago. I received about 5 coins, most of them less than 0.10usd.

I even made a post about it. Airdrops are not free, and are a waste of time:

https://bitcointalk.org/index.php?topic=3556844.0
12372  Local / Português (Portuguese) / Re: Minha crítica a wallet Electrum sobre como lida com os formatos de endereços BTC on: May 14, 2018, 03:56:18 AM
Eu nunca usei Electrum. (Pra não falar que nunca usei, usei Electrum Bitcoin Private e Electrum Cash kkk)

Ela realmente parece ser uma carteira muito interessante pq permite um controle bom como o Bitcoin Core, mas é uma lightwallet.

Eu pessoalmente não uso devido à algumas decisões da equipe de desenvolvimento. Principalmente devido a questão do BIP 39, q eles desenvolveram uma forma própria de gerar Seed e eu não acho isso legal. Cripto já é complicado demais para usuários leigos, e isso só bagunça cada vez mais. Recentemente ainda inventaram uma assinatura louca para endereços Segwit, que não é reconhecida por nenhuma outra wallet.

Agora essa questão que voce colocou sobre o Segwit é realmente ridícula.
Eu uso a Coinomi, Ledger e Samourai, e todas você muda com grande facilidade entre os endereços, sem necessidade de expor sua seed. Não faz sentido expor, pois a seed é a mesma, só muda a Derivation Path.
12373  Economy / Games and rounds / Re: Joe's Signatureless Challenge: Win $25 + 4 Merits every week! (Round 7) on: May 14, 2018, 01:35:36 AM
I am very happy to see that the challenge is back!
Welcome back Joe!

Do you support this cause?
If you would like to become a Merit sponsor (so that I don't run the risk of expiring my sMerit), please post here or send me a PM.

I would like to become a Merit sponsor!
12374  Bitcoin / Development & Technical Discussion / Re: Sacrificing Decentralization for Scalability on: May 13, 2018, 05:50:09 PM
Scalability is not an issue yet.

Wait for the problem and a developers will find a solution in time
Sacirifice decentralization now is a terrible idea
 
I am happy bitcoin is not doing that
12375  Alternate cryptocurrencies / Altcoin Discussion / Re: Sleeping giant on: May 13, 2018, 05:47:23 PM
All sleeping Giants I have ever seen failed  epically after a few pumps.
12376  Economy / Trading Discussion / Re: I don't care about the price now. Nobody knows how much my portfolio is worth on: May 12, 2018, 10:38:50 PM
So you are just basically holding up ETH into your folio or do have even more coins which do have potential? Holding up for years or long term would really requires strong discipline and control which i do see that most people wont able to do such thing specially into those times where we do see profits where temptation to see would be there and thinking up on securing out profits or you would panic sell to cut loss when you see a dumping market. These are the common factors.

As I said before:

  • 90% of my cryptocurrency portfolio is Bitcoin and Ethereum. Those are the market leaders. They cover the most promissory technology, the best teams, over 70% os market share. They are something like the blue-chips.
    I didn't buy some smallcap coins to pump 1000% in 2 months and now holding bags and praying.


  • I only invested what I can afford to lose. I don't wanna lose it, but I am not over-invested. This is very important. I was over-invested once, and could barely sleep. Even believing in the fundamentals, this market volatility is too high and everyone has a limit. I am not in my limit, so I can live with this volatility.

  • Long-term objective.
    In whatever market you are investing, even on a stock market, if you are on the accumulation phase, or if you are in for the long run, the best thing you can wish for is a bear market.
    But if you want to swing trade, if your goal is short-term, that's a different story. I am not a good trader, so I just hodl.



Market is recovering, but many altcoins are not. It's possible that some of them never will.
Few altcoins have survived the long term.

That's why it's important to make a long term portfolio with the market leaders, mostly bitcoin and ethereum. I don't like ripple but it's a good choice for long term too.

As you are going down the coinmarketcap the risk is higher. That's why people who invest (and even overinvestment sometimes) in those coins and get worried.
12377  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance Announces Fiat-to-Crypto Trading Pairs in a Move That Could Shift Relian on: May 12, 2018, 12:45:13 PM
Well, before we need to buy bitcoin transfer it to our wallets then trade. Now we can buy directly from fiat to whichever altcoin we want tto buy. We need not go through buying bitcoin thus it minimizes the fees we incur everytime we convert. This is a good move from binance knowing it has a lot of investors.

That are already other fiat pairs, such as ltc and eth.

But this article is exactly about that, not being forced to buy btc first, as you will lose money along the convertion
12378  Other / Beginners & Help / Re: [Guide] How to Install MetaMask for Chrome on: May 12, 2018, 11:27:41 AM
Good guide. I use metamask sometimes as well. Much safer than using only MEW for sure.

But I think you should run it on Firefox .
https://addons.mozilla.org/en-US/firefox/addon/ether-metamask/

So you don't need see Google telling the whole world that you use metamask and buy ethereum.

I think it's safer because you may become a target using Google Products, which have no privacy.
12379  Local / Português (Portuguese) / Re: BitConf 2018 on: May 12, 2018, 11:20:00 AM

Sobre a mineração ser exponencial, isso não reflete no preço também? Por coincidência, vi essa matéria essa semana..

A mineração é exponencial apenas analisando a dificuldade ou tem a ver com o hardware?
Tentando clarificar a pergunta, amanhã pode surgir uma ASIC "barata" de 1000th/s para minerar BTC, todavia numa blockchain anti-ASIC, vão existir apenas GPUs minerando(com o mesmo hashrate de sempre)..


A dificuldade não é somente exponencial.

Ela é ajustada para que os blocos durem sempre 10minutos de acordo com o Hash power

Se um dia, por exemplo, os chineses decidirem parar de minerar e aquelas Pool do bitmain resolverem virar estações gratuitas de video game, só haverá problema no começo. Depois a a dificuldade vai diminuir e vc vai poder minerar no seu notebook pessoal, 10 minutos por bloco do jeito que é hoje.

minha entrevista pro portal do bitcoin: https://www.youtube.com/watch?v=n8eFjCaFEOk

Gostei dessa entrevista. Interessante a ideia da própria pool abrir espaço para outras pro preço nao despencar.
12380  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2018, 03:00:41 AM
Lol this r0ach guy must be trolling. Wtf is that
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