Still haven't received mine. Will update signature once I get to my pc.  |
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You are really a die-hard, rock-solid bear aren't you? Yes, we know for the fact that the government is really a greedy entity, let alone a single human itself, but that doesn't always mean that we are being scammed by the gov't. Whales controlling the price movements? Probably some smart-ass early investor who believed so much in bitcoins and now sitting on a pile of coins. I wonder how would a decentralized network of computers be able to be controlled by the government?  |
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Back then, I was invested in a company here in our country and have some pretty decent percent of the whole shares. It was working pretty well before it collapsed then bam, away the money went in an instant. Lost some kind of fortune in there including my parents' money. Fast forward 2014, I stumbled accross bitcoin. Looked thoroughly into it and tried to see whether I could make some out of it. Started with faucets and after familiarizing myself on the how's. do's, and don'ts, I bought some. It made me hesitant at first seeing that my investments shrink rapidly, but I never gave up. Starting from single-digit holdings, now I am a proud owner of double-digit bitcoins--actually, a bit greater than my initial loss, but still worth a ton.
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I can only payout to bitcoin account of faucets The results are very little and need much time to collect  I agree with you there; faucets are indeed a waste of time if you have some nice skill set to offer different people in exchange of btc. Needless to say, you can earn more doing real life jobs and just buy btc instead of sitting 12-15 hours a day typing captchas and pasting your address in return to a fraction of a cent. Did I mention that dust transactions also causes problems in regards with transaction fees? |
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Not fully convinced. The way he seems to be full of himself just doesn't take the cut. He isn't satoshi, not even an inch of it. If you look at several articles and on the interviews with him, it seems that he just throws random blubbers and other jargon stuff to make himself look like genius.
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I think not only in Europe but to some other developing areas where the need for money transfers and fast transactions are high. It might be evident in the Europe now probably because of the economic slowdown it is experiencing right now but I tell you, once a developing country adapted bitcoin and use it in a large scale. it will be where the future of bitcoin lies.
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when I push the coins to my exchange, the transaction fees are still as high! It is almost no difference from using multiple receiving addresses
Define high? You can set the transaction fee to dynamic with the lowest fee possible and then the electrum will choose what fee to add, but do remember that it will make you transactions low/medium priority and may take hours to confirm. Or just add 10k Satoshi fee/KB and all your transactions will be sent with that and they will be high priority and confirm normally. There is also an option in electrum to manually enter the fee but as I said, low fee may get your transaction stuck with no confirmations for a long time. If you think about it, 10k Satoshi fee/KB is not that high. Even though I use a common address to do transactions, electrum will throw a warning message when I tried to send all coins "Warning: The transaction fees are unusually high". When I go to the block chain to look through my transactions, I realised my common address has many outputs after I tried to send all coins. My question is: Aren't all transactions at a common address "merged" or "flattened"?  Please take a look at a sample screen capture:  That's why. Most of these transactions are dust (which takes up too much bytes in a tx. tx fee is calculated per kB) You should take a read on how to work your way out of dust transactions and how to get rid of them. For further reading, see here on how transaction fees are calculated. |
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Would be great to know if Satoshi would win this one and send another message to us to say thanks to everybody. That could again hit the news and get all eyes watching on bitcoin. Btw just a quick question: how would one body award its recognition to someone who isn't even fully recognized by all, or even a few at least?
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Early adopters were the people who mined BTC with their home computers, when it was possible. So that was before the arms race began with the invention of Asic computers and guys creating BTC farms in China. Before 2012?
I jumped in in early 2013, so I'm not an early adopter.
The arms race began long before there were Asics. Going from cpu-mining to multi cpu-rigs to the first humble gpu-miners to multi-gpu rigs to industrial style gpu-farms. The arms race was at least already full on in q1 of 2011. Apart from the definition I'd say early adopters all the way to end 2012. You're probably right, but I remember that nearly 3 years ago, on this board, there were several guys, individuals, explaining that they had mined their own coins. So I tried, leaving my computer running for 3 days, something I had never done before. Sadly, it was already too late to join the party as an amateur. I went back to switch off the computer when I'm not using it. Cpu mining was around up until the end of 2011 before gpu mining took over thr scene. I still remember how many dudes on this forum posted their balances and explained how they obtained such an amount (even remember that guy who owns 300k+ of bitcoins). Only if I dug deeper back then, I would probably be an epic early adopter by now. |
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I bought at 1250$ in my local exchange. Some people bought at 1400$ because our market is crazier than any other exchanges.
I hold them for a long time but lost at some point. You really have a very bad feeling when you buy at top. I hope I won't live same thing again.
When did we even top. At $1400? Even at some exchanges out there at that time, no trades have been recorded over $1300. If you bought at the top, that isn't gut feeling but rather FOMO you've just experienced. |
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Do not worry about Google hashing for bitcoins. Instead, worry about how will you live your life privately without them knowing every single thing you do through the use of this Quantum Computer to monitor your activities.
That is way scarier than them mining all of the remaining bitcoins to be mined and cracking all the privkeys (the latter of which is close to impossible.)
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We are still considered as early adopters considering that the version of core is still at 0.1xx.  But seriously, we are still early adopters given that there are still plenty of room for growth and development on the bitcoin ecosystem. We could still establish our own prints on this community before it goes mainstream. Too many businesses and other things are still lacking; we can still fill that spot if ever we wanted to. |
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In the meantime, I'm using my coins to buy some foods and other stuff through in the web. Also, I'm looking on paying the bills with my coins seeing that there is a big rebate when I pay with bitcoins. Already bought two phones with the help of bitcoin and am planning to upgrade my pc once I get more extra coins.
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I think it should be 3rd of January, the day when the genesis block was mined. Nevertheless, I am still thankful for this wonderful piece of technology that is laid down in front of me. Happy Satoshi Nakamoto day everyone! Though we may not be able to know who he is, still we know for certain that he/she/they is a genius for creating bitcoin. |
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i did not read hole post but i m close to 0.1 month with just faucet i do 0.2 /week, or some more with 3 hours per day faucet with that i buy dmd & hbn that i can shake and get more i have 4-6 different ip's using neighbor wifi's so i can do 4-6 time the same high pay faucets it s boring but i wanna more dmd & hbn can't stop buying lol You do 0.1 a month yet you can do 0.2 a week? What kind of sorcery is this? Also, faucets and faucet rotators might help getting some, and if you do earn something like that, it may be worthwhile. But if it's comprised of dusts (satoshis piled up to make 0.1, say a thousand 1000 satoshis), then forget about it as you'll end up paying higher fees than what you are intended to send. |
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IT's possible to change mean block time from 10 minutes to be faster, but it needs hard fork & it can't happen easily.
Also, some problem could happen if mean block time is very fast.
But, zero confirmation will solve everything, if every merchant accept zero confirmation.
Every merchant without proper understanding of the nature of double spends and the malleable nature of bitcoin would surely get rekt by implementing this 0 confirmation thing on their platforms. Don't need to iterate this, but it's pretty obvious that any tx without confirmations from the network could probably be double-spent. Also, forking off bitcoin from its original code would surely destroy it, thus rendering it valueless. I wonder why it is an issue on confirmation? Pay a slightly higher fee on your tx then you're good to go. |
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I see that most people are scammed in paypal deals but also in bitcoin but less. I consider bitcoin better than paypal in some cases and paypal better in some other cases(for fast deal and buyer protection)
paypal is good with refund system for buyer protection, but this system is bad for seller sometimes buyer receive his digital good and try to refund his paypal transaction But if you have proof that you have sold something and it has been delivered to the buyer they can not refund you. That's not 100% sure, but most likely. I had a situation when I have bought a cheap but very good looking phone on ebay with decent specs. Next day the feedback started to show up that the seller is a scammer. The seller has not sent anything after the payment, so I have opened a dispute in Paypal. After the dispute, the seller have provided a tracking nr. which was legit. Dispute has been waiting for the tracking nr. to show if it will be delivered to me or not. A bit later the post delivered me a small envelope, I have signed that I have received it. The seller has sent me an empty(!) envelope just because of the tracking nr. to Paypal. That moment I thought that I have lost my money, my luck was that if I order something above $10 I always do a package opening video. With this and with a lot of phone calls to paypal and much more email conversations, I have managed to get my money back, despite of the proof of delivery, but it was a long fight and a lot of hassle... One of only a few advantages of PP to bitcoin: provides consumer protection. Though it can be integrated by services on their systems, still PayPal's chargeback rules is pretty much decent as a consumer protection service compared to what other bitcoin service out there offer. But let's face it, we want lesser fees on our transactions; bitcoin has the edge on that. Consumer protection should be integrated by merchants accepting bitcoin before they run their businesses. |
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Some bought because of FOMO and sold immediately when they saw the price rapidly dropping, that's for sure. Seeing that there are still some people blaming bitcoin because of the wrong decision they made during the run to the ATH (can still read some rage post of bitcoin taking away their life savings etc.)
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I don't like the exchange sites that require verification of identity, what its functions are anonymity of bitcoin?
although exchangers do not ask for your identity to remain only redeeming fiat through the bank account will be listed your identity. : P so actually now bitcoin is not really anonymous.  yeah thats right, except if we do not use fiat, so we will immediately use bitcoin as a currency, it will be a anonymous Most exchanges nowadays require several identification processes before you can trade in their platform. Providing them your identity doesn't necessarily mean that they'll sell it to the government or other entities out there. They give out information once they think that something isn't right. As for using bitcoins as bitcoins, it's still semi-anonymous; still a good thing for people wanting some privacy on their money. |
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I was paid double the going rate, I would sell all of my Bitcoins.
Well, maybe you'll reconsider selling if you see that the prices are skyrocketing. By then, would you still be willing to sell it double the market rate? People who are optimistic enough will take that offer (including me) |
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