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141  Bitcoin / Bitcoin Discussion / Re: The newly found block has size larger than 1MB? on: August 25, 2017, 09:08:04 AM
if so, why do we need segwitX2? 

We clearly don't need it and BitcoinCash already proves it and with Bitcoin Core not supporting it, I doubt anyone will be using it, but hopefully whoever signed the New york agreement changes his mind, we don't want chaos.
This kind of comment makes me think that maybe Bitcoin Cash/big blockers are right.
Bitcoin is almost unusable for a large percentage of the world now as the fees are so incredibly high. I wouldn't use a credit card with fees as high as bitcoin.

But we don't need to solve that problem, because Segwit slightly increases the number of transactions that can be processed?
When the average fee is about 10 satoshis per byte, the problem is solved. The median transaction with the recommended fee costs about $3.50 now, I'd like to see that at about 10c.
142  Bitcoin / Bitcoin Discussion / Re: Bitcoin for Taxi on: August 25, 2017, 07:13:11 AM
If bitcoin worked as bitcoin should work, then it would be possible and great.
Bitcoin could be integrated into Uber or other Taxi apps, just scan the code and you are done, great!

Except that Bitcoin is now pretty much useless as a currency. Like someone mentioned, the fees are far too high. I wouldn't pay a $20 taxi with $26 everytime!  The transaction times are less important, as soon as it is broadcast they could accept it as a zero confirmations transaction, but the fees kill Bitcoin as a currency.

Segwit is active now and it has made little difference. IF the block size doubles, that should help in the short term at least.  Basically the number of transactions that can be contained in Bitcoin blocks isn't enough to allow for micro transactions to be economically feasible.  It's a shame as that was the main hope of Bitcoiners in the past, now it seems to be speculation.
143  Economy / Speculation / Re: Is $4000 the perfect time to buy on: August 24, 2017, 09:46:43 AM
Is $4000 the perfect time to buy, no it is 100% not the perfect time to buy.
For about 99.9% of Bitcoin's history, the price has been below $4000, anytime in this 99.9% would have been a better time to buy.

In fact looking at it, this is just about the worst time ever to buy. It doesn't make it a bad time to buy, as the price might rise further, but it is very very far from the perfect time to buy.

Some time in 2009 was the best time to buy.
144  Bitcoin / Development & Technical Discussion / Re: Thought experiment on: August 24, 2017, 07:31:12 AM
why don't you just use phone verification? no one can have the same phone number as yours, am i right?
but i can't understand the purpose of prohibitting users from having more then one wallet! what is that good for?
can you explain please.

People can and do have more than 1 phone number. He wants everyone to start with 1 coin, so they can only claim 1 wallet.

How about approaching it from the other direction. It isn't a realistic proposal but it could/should work.
Everyone can collect their coin/wallet, and when they do (they would have to physically collect something) you could mark them or fingerprint them. By mark them I mean a small tattoo or alike.

Then whenever someone collects their wallet, if they are marked, or have already given their fingerprint, they cannot collect another wallet.
People will cheat the system, no matter what you do. Removed tattoos or silicon finger prints or so.  People will also use the old system to corrupt the new, i.e. the poor will sell thir new coin to the rich, meaning that the rich will dominate this new coin too, making distribution unfair.
145  Bitcoin / Bitcoin Discussion / Re: Very high transaction fee on: August 24, 2017, 06:53:52 AM
...
 $300 in transaction fees is ridiculously too high. I dont care how many inputs are there. Personally I am on pause in BTC transaction, until this mess is sorted.

you can try any other cryptocurrency (the altcoins) but let me save you some time and say all of the altcoins that i have seen so far will require a huge fee amount for a transaction that is as big as 20912 bytes (~21 kB) it may cost less in $ just because the altcoins are cheap but it doesn't change the fact that you pay for the size in byte.

He would have to send his Bitcoin to an exchange - so pay the transaction fee - to be able to buy an alt.
It isn't a solution, unless he finds someone who is willing to swap private keys, which I wouldn't recommend as they might have copies anyway.

Just pay 50 sats now, that will cost you $40-50 for the transaction. It sucks but now is a very good time to do it.
146  Bitcoin / Bitcoin Discussion / Re: Very high transaction fee on: August 24, 2017, 06:33:20 AM
I myself always find this website very helpful to see the current transaction fees. They are estimates though!
https://bitcoinfees.21.co/#fees

I always pick the lowest fee that still show 0-x blocks, and I always use the grey number, which is the lowest of that range, not the black.

With 141 inputs I would definitely wait until Segwit is activated (August 24). I expect the fees to start dropping significantly after that.

They aren't estimates, the website shows how many unconfirmed transactions there are and what fee they have paid.
You can see then what the optimum fee to pay is, so that your transaction will be confirmed in the near future, or at some point.

As of now, you could use 100 satoshis per byte and you will get confirmed quite quickly, that is still $100 for you, but is better than $300.
To be honest, 50 sats per byte would also be confirmed within a few hours.

147  Local / Deutsch (German) / Re: Größere Summen auf ein Bankkonto einzahlen on: August 23, 2017, 09:11:26 AM
Nicht, dass ich annähernd schon soweit wäre, aber für den Fall, dass der Bitcoin so weitermacht wäre es gut, zu wissen, wie Banken mit hohen Einzahlungen umgehen.
Meine Sorge ist, dass, wenn man größere Summen von Bitcoin in Euro einwechselt (wo, wäre nebenbei auch noch interessant ), die jeweilige Bank das Konto einfach einfriert.


wenn man mehrmals weniger als 12,500€ einzahlst, muss man das auch melden?
Ich nutze Bitcoin.de, könnte ich z.B. 5x1 Bitcoin dort vekaufen, circa 15,000€ dafür bekommen, wäre das meldepflichtig?
Ich überlege es mir, ob ich bald ein paar Bitcoins verkaufe. Obwohl ich die Bitcoins im 2014 gekauft habe, mache ich mir Sorge, dass das FA oder sonst jemand sich melden wird, wenn ich die Bitcoins verkaufe.

(entschuldige mein Deutsch, bin Englisch)
148  Economy / Speculation / Re: BITCOIN = TULIP BULB MANIA? on: August 23, 2017, 08:41:21 AM
Bitcoins are not Tulips, this much is true. You can't grow more and the hype is also more subdued than the tulip mania.

The current price increase is somewhat mania like. People only see that the price can go up, I guess because most posters here now have only ever seen the price go up.  They don't remember the year long fall after the last peak/bubble.

I read a few other forums, and the general consensus is that Bitcoin is in a huge bubble now. It has quadrupled in value in the last 7 months or so, this is a huge increase without too many major increases in usage, or improvements to Bitcoin in this time.  I think some of the bubble talk stems from jealousy, but it is always worthwhile to take a step back, look at the charts and realise that the price might not always continue to rise.

You never know that it is a bubble, until it pops. I think that stocks and bonds are in a bubble, but that is a government supported bubble. I'll let you know if Bitcoin is in a bubble in 6 months time!
149  Economy / Economics / Re: Diversifying? on: August 22, 2017, 05:26:38 PM
I bought my bitcoin a few years ago now. I was and am a believer, but the massive price increase has me worried that I am now overly invested in bitcoin.

It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?

I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year

Diversifying for the sake of diversifying is meaningless

You should know the asset which you are going to put your money in. The only asset which is and will always be there and which you don't need to know any gory details of is gold. I refer to physical gold as gold bars and gold coins. So if you can't resist the urge, gold is a sure bet. It won't give you decent profits, and, in fact, it will likely give you no profits at all (at least, short to mid term), but you will never have to feel the pain of your wealth losing value

I am with you here and do own some precious metals. I have collected silver slowly over the last few years (starting at $17, so no big losses), mainly bullion, but some junk silver too.
I always thought it would be great to own some gold, and I have a few ounces now, which I am happy about.

I wouldn't be scared holding lots of PMs, except for possibly missing out if Bitcoin does go to $10k or even more.
Another option would be to keep an eye on the price of Bitcoin and sell when the price is dropping significantly and rebuying when the price goes up again.
That way you're taking advantage from those price drops.

I'm don't mean that you should become a day trader, only sell & rebuy when you notice big price movements.
You can also follow a few people who do chart analysis and compare their results to get a somewhat correct view of the charts.

I know this is fairly risky, but as with anything: no risk, no gains.

If I knew when the price was going to fall or rise, then I would happily trade like that!

I live in Germany and have held my bitcoin for longer than 1 year, meaning that profits are now tax free.
If I sell and rebuy, I would have to wait 1 year before being able to sell tax free again.  I want to stay away from the tax man as much as possible!
150  Economy / Economics / Re: Diversifying? on: August 22, 2017, 05:14:24 PM
I bought my bitcoin a few years ago now. I was and am a believer, but the massive price increase has me worried that I am now overly invested in bitcoin.

It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?

I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year

Diversifying for the sake of diversifying is meaningless

You should know the asset which you are going to put your money in. The only asset which is and will always be there and which you don't need to know any gory details of is gold. I refer to physical gold as gold bars and gold coins. So if you can't resist the urge, gold is a sure bet. It won't give you decent profits, and, in fact, it will likely give you no profits at all (at least, short to mid term), but you will never have to feel the pain of your wealth losing value

I am with you here and do own some precious metals. I have collected silver slowly over the last few years (starting at $17, so no big losses), mainly bullion, but some junk silver too.
I always thought it would be great to own some gold, and I have a few ounces now, which I am happy about.

I wouldn't be scared holding lots of PMs, except for possibly missing out if Bitcoin does go to $10k or even more.
151  Economy / Economics / Diversifying? on: August 22, 2017, 01:11:46 PM
I bought my bitcoin a few years ago now. I was and am a believer, but the massive price increase has me worried that I am now overly invested in bitcoin.

It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?

I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year.

152  Economy / Speculation / Re: Recent Crash on: August 22, 2017, 12:57:11 PM
Anyone pissed off lately about the price drop next 2 me?  Huh

Those of us who bought it around 3700 eur hoping that it's gonna go for the 5K then it fall back under the frogs ass 3200 EUR...

Do you believe it's only due to Bitcoin Cash?


I want to see steady rollin up to 10k.



You bought at a very high level, there might be profit still there for you, but there might not be too.
You can't complain, if you jump on board after a 50% rise in a month,  and 250% in the last 6 months, it is possible that the price won't continue to rise.

We aren't even at that point yet anyway. It might go up, down or sideways from here, my point is, you can't complain!
153  Alternate cryptocurrencies / Altcoin Discussion / Re: Swiss Bank to Sell Ether and Bitcoin Cash to Customers on: August 17, 2017, 07:38:03 AM
Bitcoin cash seems to have fallen into a great position for a 'new' coin.
It got onto lots of big exchanges, it was well distributed and it was accepted in more places than most other alts.

It seems almost weird how low the price is, and how little it is being traded..
154  Bitcoin / Bitcoin Discussion / Re: Transaction FEES 0.00133153 BTC !!! on: August 13, 2017, 08:03:22 AM
Yeah I sent 0.1BTC yesterday, I selected priority in Blockchain.info si it was 200sats per byte.
Apparently lots of small transactions had to be combined, so it was bigger than normal.

It cost $9! If Paypal tried to take $9 for a $390 transaction without insuring it, they wouldn't be a business for very long!
155  Bitcoin / Bitcoin Discussion / Re: HBO is trying to get $250,000 in bitcoin to pay hackers who stole GoT scripts on: August 11, 2017, 04:27:55 PM
There is no crime here, are you an idiot? they had security bugs and problems, not only scripts but last week episode 4 of season 7 of Game of thrones

Were leaked before even airing on HBO channel. hackers managed to download a few episodes I think and even if scripts are compromised only thing would

Be a few hundred millions loss for HBO. they should be thanking them for not releasing the scripts and just want $250,000 that's nothing compared to the

Money HBO is earning by broadcasting the series. they could also request cash in a bag to be delivered in some public place, Bitcoin transactions being on

The open makes it even more traceable than cash.

Taking private property and threatening to sell them online unless they pay $250k isn't a crime?

Sounds like there could be theft, copyright infringement and blackmail to me.  That it will save HBO millions by only having to pay $250k changes nothing. I guess that if they do pay, the will also try to press charges.
156  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 11, 2017, 01:30:08 PM
https://www.cnbc.com/2017/08/11/hbo-hack-game-of-thrones-ransom.html

Why exortionists are still using Bitcoin for this stuff instead of using Monero is beyond me. Maybe they don't know better?
The same reason for which people generally FUD Bitcoin or r/btc FUDs SegWit. They are stupid and/or ignorant to know better.

I think that it has more to do with the fact that they know their victims would know more about bitcoin, be able to easily set up an account and buy it with fiat money. With Monero directly, that's not as easily accessible... hardly anyone has heard of it. I'm 100% sure that you will never see Monero listed for buy/sell on regulated brokers like Coinbase.

Also, the reverse is true with extortionists more easily being able to sell bitcoin for fiat somewhere. Or just convert it to monero themselves.
I'd guess that they actually want to receive the funds from the people they are blackmailing/extorting.
If someone says - pay me $1000, then you might do it, if they say pay me 1000 fluurks, you wouldn't have a clue what they are talking about.

People know about Bitcoin, maybe only a little bit, but they have heard of it. They could buy it if they needed to. Basically no one has heard of Monero, people would'nt know how to buy it, they would probably be more inclined to bin the computer, than pay.
157  Economy / Service Announcements / Re: BITGILD.com - Bitcoin to Gold || LIVE CHARTS - BITCOIN TO GOLD || on: August 10, 2017, 06:27:39 PM
So is it safe to buy gold at Bitgild with BTC? I have some funds that I would like to invest into gold.
I see enough red flags in this thread not to order from them.

It's a shame too, they sell interesting stuff, I wanted the Queen's Beasts coins, but Bitcoin Commodities just sell the more basic bullion coins.
Are there others that deliver to Germany that are very trustworthy?



Just find this site that also accepts bitcoin : https://www.amsterdamgold.com

I have not yet done any research on them but if people could testify it would be good

I ordered from them yesterday morning, everything arrived this morning!
It was very well packed, looks good and professional and comes with certificates etc.

I will be ordering from them (Amsterdam Gold) again.
158  Economy / Speculation / Re: I am a pro-Core, pro-Segwit small blocker who has a hard decision about BCC on: August 09, 2017, 06:49:26 AM
I have my BCC ready in Bittex for selling but when I was checking the BitcoinCash community, they were all very optimistic about the chances of BitcoinCash to become one of the most successful coins in the world of cryptocurrencies.

Now I am thinking of holding them instead. I want to know what would you do? Hold or sell, and why?

You asked the BitcoinCash community if they were optimistic about BitcoinCash, and you were surprised to find that they are?
Don't go to the Altcoin section on BCT, you will be broke within a few minutes!

Most people are bullish about what they own, that is why they own it. They are often full of sh!t too, as soon as they sell, suddenly they don't care anymore and often start trashing their old investment.

You have to form your own opinion. I thought that 0.2btc would be far too high for BCH, and that 0.05btc would be too low. I got out at 0.14, but might buy back in if the price falls back to 0.05.
159  Bitcoin / Electrum / Signing a Multisig (2FA) wallet on: August 08, 2017, 12:31:21 PM
With some of the airdrop alts offering freebies to Bitcoin holders, I was wondering if there is a way to sign/verify my bitcoin address, if I have a 2FA Multisig address?
The addresses I am talking about start with a 3, and so far when I have tried, they don't spit out a code when I try to sign a message.

I know the easy answer is that I could move my coins out of the multisig wallet, then sign from the new address, but is that the only way?
160  Economy / Service Announcements / Re: BITGILD.com - Bitcoin to Gold || LIVE CHARTS - BITCOIN TO GOLD || on: August 08, 2017, 11:54:21 AM
So is it safe to buy gold at Bitgild with BTC? I have some funds that I would like to invest into gold.
I see enough red flags in this thread not to order from them.

It's a shame too, they sell interesting stuff, I wanted the Queen's Beasts coins, but Bitcoin Commodities just sell the more basic bullion coins.
Are there others that deliver to Germany that are very trustworthy?


Just find this site that also accepts bitcoin : https://www.amsterdamgold.com

I have not yet done any research on them but if people could testify it would be good
Will take a look on that site, it is sad that none of the safe sites does accept btc. Hope that in near future some will.

I don't know that site, but it has a physical location, which is a plus.
It isn't called Bitcoin Gold or alike, also a bonus.  They have google reviews and lots of trust pilot reviews.

It says on their website that they are listed on the Dutch stock exchange.  I will have a look around to verify that the reviews really belong to the site, and that what they say is true, but it looks to me like a real precious metal dealer, who also accept Bitcoin!

The prices are much better than the Bitcoin PM dealres too.
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