There are some cryptocurrencies (Byteball, Litecoin, Monero) that I'd be reasonably comfortable holding long term and that would have much lower fees.  However, ETH is a very confusing one.  The idea isn't really a cryptocurrency but a platform to use smart contracts for other people to create blockchain applications. 

I would still hold Bitcoin for long term and just hold a little bit in ETH.  ETH transaction fees are getting higher too, who knows what will happen when more money and more evil businesses get involved.

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PS, $60 out of $5000 is much more like 1%, not 10%, and you can easily get away with paying a third or so less than the recommended fee - check this page to see what you can get away with.

It's a long term scam.  What always happens with this type of scam is that they start off looking quite reasonable and they give feigned information about their activities which doesn't actually prove anything - because they're related to cryptocurrencies, naive investors assume that 1% a day or so from an anonymous group which doesn't even give information about its regulation as a company could somehow be normal.

If you ever find yourself thinking that they could be legitimate then just ask yourself - what incentive do they actually have to continue running this forever?

They'll keep running it until the ETH hype starts dying down (a couple of months probably).  After this they'll start offering big bonuses, more referral commission and contests.  Then they'll start pushing these contests and advertising more, and they'll never pay a winner - they'll just stop paying, keep accepting investments for a couple more weeks, and then vanish.

Isn't that basically just theft?  You're desperately hoping that someone will send a huge amount of Bitcoin to the wrong address, and that it'll be yours.  It would be a seriously grey area, morally, not to return those funds to the address you received them from.

It's just like the Large Bitcoin Collider - no point trying to steal people's Bitcoin just because it's sometimes possible.

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Yeah, we're in innovator stage.  It would be flat out illogical to suggest otherwise.

And they still do it on LocalBitcoins, with their built in escrow system and thousands of trusted traders in various locations - that's the normal place for people to transfer with cash.  It's just extremely unusual for us to see a newbie account on the forum asking for a crazy amount of BTC without doing the most basic research about what people tend to do when trading peer-to-peer.

Not to mention that the norm would be to go somewhere like Bitstamp, which would give you a fee of somewhere around 0.1% when you're dealing with that much money and doesn't stop people actually using their Bitcoin in a decentralised way.

It seems very suspicious that someone would join the forum in this way and the first thing they do is ask for money.

According to bitcoin.org, transactions from GreenAddress have to be approved by both you and them.

Here's what they say about recovering your coins, in the unlikely event that their site goes down:
Therefore, it looks like their 2fa system is broken and your coins are safe.  For support, email them at info@greenaddress.it.

No one deserves to have their money stolen by anyone.  What you forget is that it's the scammers who usually end up gaining from this, and the scammers deserve to lose their money much more than any victim does.

Onecoin basically collapsed right at the start of the year, didn't it?  If so, why is it taking so long for all these scammers to get arrested?  They have quite a public presence, to say the least.

ICOs are being used by scammers, and there are a lot of extremely scammy looking ICOs like Ethereum.link.  But I don't think they have to be - it's just a poorly regulated market.  This could change completely in the coming months if the ICO hype doesn't lose its steam (pretty big if.

There will always be huge tax evasion/avoidance schemes, but UK corporation tax is one of the lowest in the G20 already.  Average corporation tax has been falling and falling as all countries, especially the UK, delude themselves into believing that companies will all just run off.  I don't know when it's going to happen but it sure hasn't yet.

Pretending that all Labour's plans are somehow unaffordable is ridiculous.  The Attlee government nationalised the coal industry, Bank of England, health service (created the NHS), electricity, cable and wireless networks, trains/rail, waterways, gas and the steel industry.  They even created zero unemployment, only had six years, and ran a surplus.

Why do people act like all these things are impractical today?

No.  The price would drop until there was an obvious majority chain, at which point money would flow back in and there would be a domino effect which makes the previous one irrelevant.

Even if there was an ETH/ETC kind of situation there would be an obvious "winner".

To answer that question you have to consider the characteristics of money, which are:  durability, portability, divisibility, uniformity, limited supply, and acceptability.

Cryptocurrency is infinitely durable.  It's "portable", in that you could hold it in a wallet like Mycelium on your phone and you can transport it anywhere in the world without an intermediary.  It's infinitely divisible and the smallest unit of a Bitcoin is typically regarded as one satoshi, or a hundred millionth of a Bitcoin (that much is impractical to spend now, but it's still relevant).  

It's uniform because counterfeit Bitcoin is impossible - the transfers of Bitcoin are verified in the blockchain to solve the double spend problem, which is an important function of the blockchain.

The supply is limited - the amount of Bitcoin distributed is the reward which is given to miners for mining a block, which was originally 50 Bitcoin and halves approximately every four years (currently at 12.5 Bitcoin for a block), and a block will always be mined approximately every ten minutes.  Fiat money is not limited as it is no longer based on anything with a limited supply and can be created at will by governments and banks, which is a key thing that sets Bitcoin apart and is the reason why some people regard it to be "digital gold".

As for acceptability, it's not accepted everywhere but as it matches all the other characteristics of money, this can change.
Bitcoin is worth it because of what I just described.  Ethereum is a platform for other people to create blockchain tokens, so it basically exists to spur other people to create original things.  Research smart contracts to find out more about how this works.

I suppose you didn't read through my post, considering that I gave a quote directly from the thread and compared it to BTC.com's accelerator.

It seems like there's definitely something more to say:  what evidence do you have that you are the one providing this service and that you are genuinely partnered with mining pools?
 
If you can't give this information, I'll be giving negative trust as well.

You mentioned that people are supposedly having trouble with the BTC.com accelerator because of what they accept as payment.  However your terms are unusually similar to theirs:


Of course this doesn't necessarily mean that you're using their accelerator for other people's transactions.  However, there are other clues.  For example, you mention that the time for a confirmation is less than four hours, from your experience.  Here's what it says on the pushtx.btc.com accelerator:

In fact, you even went so far as to call your service "pushtx".

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I would say the most likely scenarios, considering that you're a new member who just started a transaction accelerator, are:

1.  You are accepting payment in Bitcoin and, in exchange, using your Alipay to pay for the BTC.com accelerator.  Your incentive for doing this is to gain profit from the conversion.  However, someone who did this would most likely be open about their methods, which makes me more suspicious.

2.  You are doing 1, except you intend to gain trust until you can scam several people at once from their accelerated transactions at the end.  This could potentially gain you a few hundred dollars, which would be more than worth the scam to you.

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Considering how hazy you are on the real details or evidence of your details with mining pools, there's little chance that the service you're offering is genuinely from you.

Why is this based on the assumption that that's the only desirable way of life?  The reason that socialists don't always pressure themselves into traditional masculinity is because they recognise that sometimes traditions and social norms like this are unfounded.  

And if there was a wealthy/"well-off" socialist, you would call them a hypocrite.  In either situation you're attacking a person's situation rather than anything that they actually say or their ideas.  You'll notice that I laid out several arguments about capitalism's inherent flaws and yet you decided to only respond to this personal point.

You're right, socialists do band together because they're working towards a collective system in which people band together.

You'll notice what I put in bold.  The reason that socialists are sometimes supported by women and "mud immigrants" (racist term, referring specifically to black immigrants), is because they have given them rights, as you admit yourself.  

Your illogical hatred of migrants is inherently racist, as you are giving rights to people specifically for being lucky enough to be born in one country (your own).  Clearly socialists' opposition to racism is going to make it more appealing to the minorities they support.

We're talking years?!

Current market cap of cryptocurrencies:  $88,093,259,063.  Growth over 100% in the past month.

If you put it into a compound interest calculator with 1200% annual interest and compound it monthly, you'll find the crypto market cap after 1 year.

Crypto market cap after one year:  $360,829,989,122,048.  More than all the money in the world.

The lesson is, keep safe.  Set conditional sell orders or stop loss, and make sure to take profits regularly.  Don't be caught up in your greed.

Satoshi didn't want a significant amount of publicity as Bitcoin was still in the early stages and it needed healthy, slow growth.

Actually, some of his last posts were on that topic, and IMHO it could have been one reason for him leaving:


And at this level, Bitcoin basically can't be advertised as it isn't a company.  Individual companies related to Bitcoin advertise Bitcoin as a whole to match their own agenda, but since Bitcoin is decentralised the idea of advertising Bitcoin as a whole would be too costly to whichever group who did it.

When someone creates a great new technology, people find it.  Sometimes too fast.

If the miners supported BIP148 and they were actually principled enough, they would switch to a pool which supports BIP148 or allows them the option of mining on that chain.

Individual miners will act based on their own economic incentives - pools will act based on their broader/long-term economic incentive.

If pools believe that they have no broader economic incentive to support a specific solution, that's the only situation in which they'll be neutral.  This applies to other pools, including SegWit supporting pools, not just AntPool.

Yeah... other cryptocurrencies will only be available freely by just buying them.
Isn't that how everyone buys cryptocurrencies anyway?  So isn't this "only freely tradeable" crypto thing just clickbait nonsense?

Virustotal showing a false positive for the new release:

https://virustotal.com/en/file/5f354d788beff835ca24ad297c8501eb9f8f56eb72dff309a0377c7e988dd5f8/analysis/1496352458/

My antivirus flagged it as malware and tried to isolate it.  When I try to open the file (windows 64 bit lightweight version) it says I can't access it and that I might not have the permissions needed.

I'm pretty annoyed because there's no visible option to just update the old version.  I had to download the new one altogether and now it won't let me open it.

Any advice?

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EDIT:  sorted this out.  New version still doesn't make bots work though.  This is getting irritating.

As Lenin correctly said:


I regard a socialist society to be one which works towards a communist (collective) society through governments.  Unfortunately these governments have not began to change under attempts to implement socialism/communism, partially due to the situations they began in (Russia as a very poor nation before the revolution), partially due to outside pressure from the US and other capitalist nations (Trotsky wanted socialism to be a global system, otherwise communism would be hard to implement).  Unfortunately Lenin's intentions of having Trotsky as the next leader were overruled, which is where the Russian situation mainly went downhill.  Lenin made a collection of other errors but I won't go into that now.

Sweden is far from socialist.  They're "social-democratic", which means "we ethically exploit people for profit".

The key is that 1,000,000 pixels with 0.001 Bitcoin would actually end up being about $2,400,000 at current rates. 

I've seen a lot of good things where you have a lot of pixels and freedom is allowed, like r/place for example.  But this is just one big advertisement, and its traffic is basically restricted to cryptocurrency nerds.

Sometimes the Internet can be ridiculous, but come on.  This guy isn't getting rich like this.

Cool! I have a lot of ties to the Czech republic and I go there sometimes.  "Czechia", that's annoying.

You probably won't find anything written in Czech, but you can the information site Coinmarketcap, exchange Bittrex, and check the announcements board for new coins.

For Bitcoin-fiat trading, try the exchange Bitstamp.