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14941  Bitcoin / Bitcoin Discussion / Re: What are the risks/downsides of UASF on: May 30, 2017, 04:17:41 PM
Taken from one of luke's reddit post.

"If and only if BIP148 has minority hashrate support, there will be a chain split. Whether your node supports BIP148 or not, there is a risk that your economic counterparties (ie, people you want to pay and people you want to pay you) will be on the other side of the split. So long as nobody double-spends, this should be mostly okay for 100 blocks (about 16 hours); the only difference will be that transactions might confirm at different times. But if 100 blocks pass and miners begin spending their newly mined bitcoins (different on each side of the split), the chains' balances will begin to diverge, and transactions will become tied to one side or the other. There will be two "bitcoins"."

Source: https://www.reddit.com/r/Bitcoin/comments/6bxpsj/bip148_and_the_risks_it_entails_for_you_whether/
14942  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: May 30, 2017, 12:54:24 PM
'm having a little bit difficulty to memorize the name of the site Cheesy chipmixerwzxwtypxszw?
Is that some kind of code or just random letters added to make this look cool?
Well, that's the Tor link so it's supposed to be like that. If you want a easy url to access in the clearnet with your chrome you can use chipmixer.com
14943  Alternate cryptocurrencies / Altcoin Discussion / Re: The best way to explain ICO to critics & potential investors on: May 30, 2017, 10:59:46 AM
What do you mean? If the project is promising, well organized and made up of a good team then people will invest. And of course you also need to invest in marketing not only to show how serious the project is but also to attract investors.

What can not be expected is that people will invest on unnecessary projects or full of failures just because they have a whitepaper.

People probably only make investments to profit. Make this clear and explain why you project can grow.
14944  Economy / Service Announcements / Re: BTC Price on the South Korean Market on: May 29, 2017, 10:21:19 PM
$2950.64 per coin? Too damn cheap for my taste.  Cool
Check out the price in one of the biggest exchanges in Brazil:

BitcoinToYou: $3074.75

And this is considering that the cryptocurrency public in Brazil is quite limited and that the chance of finding someone who messes with Bitcoin on the street is quite low. But the demand of Bitcoins here is always higher than the amount for sale, which makes the price rise almost 20% in comparison with other international exchanges. And it's always been that way.
14945  Bitcoin / Bitcoin Discussion / Re: How Long Does Physical BTC Wallets last? on: May 29, 2017, 08:47:00 PM
If you're talking about "physical' then you shouldn't mention usb stick.
But this kind of wallet:

http://cryptosteel.com/
or
https://bitkee.com/

will probably outlive you Smiley.
But how would you be sure they don't save your private key/seed before sending you this kind of product?
I think you should never use a wallet which key wasn't generated by you alone. It's the same as using a online vanity address generator.

You can never be sure about the safety of you coins.

IMO that's why a hardware wallet like Trezor and Ledger are still the best options to store BTC in a long-term, since you have exclusive access to your keys.

Edit: I see that with CryptoSteel you are the one inserting all the wallet info with your own hands. So this is another valid option to keep your Bitcoins safe.
14946  Bitcoin / Bitcoin Discussion / Re: Jihan/Ver, BIP148/UASF, r/bitcoin r/btc... how do I sift through the BS? on: May 29, 2017, 07:12:13 PM
/r/bitcoin is a a completely 100% proven censored cesspit and echo chamber. Stay away and you will not be so lost.
Does that mean Big Blocks are the right solution for the scalability problem? Because everything I see on /r/bitcoin is about how Segwit is the only solution and how Jihan and BU supporters are the bad guys.

On the other side, /r/btc is exactly the oposite. They criticize the Core team and say UASF will split and destroy Bitcoin.

Care to explain to me which side is the right one and why?
14947  Bitcoin / Hardware wallets / Re: Secalot, a hardware bitcoin wallet with extra features announcement. on: May 29, 2017, 01:11:51 PM
That actually looks awesome. Now that I'm actually back in the Bitcoin community, I am looking forward to buy a hardware wallet and this project has everything I ever wanted for an wallet. (Even the USB design)

Safe guarding my bitcoins + OTP? You can count on me for the crowdfunding!

Could you give us a price estimate on how much this is going to cost in an initial phase and when is the crowdfunding happening?

Bookmarking this thread. And please take the project forward!
14948  Economy / Speculation / Re: Time to buy? on: May 29, 2017, 12:55:26 PM
Just buy while you can. If you are a true bitcoiner and long time hodler, you won't regret when you see your balance.
Everytime you have doubt about buying or not, remember we are early birds and every investment will turn to profit.

And of course thats my opinion  Roll Eyes
If you care that much and want to try profiting as much as you can, Bitcoin correction is settling down, so yes anyway.
14949  Bitcoin / Bitcoin Discussion / Re: BIP148 question on: May 29, 2017, 01:35:38 AM
I don't think there is any website tracking the number of specifics nodes at real time on a scale of minutes.

Maybe this site is the closest you can get.
http://uasf.saltylemon.org
14950  Bitcoin / Bitcoin Discussion / Re: What happens to all the BTC that people lose the keys to? on: May 28, 2017, 08:13:08 PM
No. Without the private key all the coins from that wallet are inaccessible. That means they are gone, and there is no automatic method of recycling.
The only way possible to recover those Bitcoins without the private key would be doing a hard fork in the blockchain.

Do you think that would eventually be something BTC will do to try to recover from a time when people maybe didn't pay as close attention to their BTC as the should have? I know back in the day I was too unfamiliar with crypto and digital currency to even dabble in it (stupid younger self!), but I know plenty of people who have told stories of how they got some amount of BTC either through mining or an exchange just out of curiosity and then forgot about it for years. Now that its actually worth something I bet they would love to be able to get it back, and although I know they can't I wonder if that is unhealthy for the BTC ecosystem

Though I'm no expert I would think thats a bad thing for the value and sustainability of BTC/other currencies
I do not think there would ever be a plan to recover people's lost Bitcoins for some simple reasons:

1 - It is impossible to confirm someone's ownership over any Bitcoin wallet without them having access to private key.
2 - This would put at stake the trust of Bitcoin as a decentralized payment method and free from the control of individuals. If someone can take control of certain Bitcoins without actually owning them, what keeps them from doing the same with mine?
3 - A smaller number of Bitcoins in circulation may be good for the ecosystem, by reducing the amount of coins, we reduce the inflation.

This same type of discussion is being made in the post "Coins of Satoshi" if you wanna check out. Link: https://bitcointalk.org/index.php?topic=1924762.0
14951  Bitcoin / Bitcoin Discussion / Re: What happens to all the BTC that people lose the keys to? on: May 28, 2017, 07:46:19 PM
No. Without the private key all the coins from that wallet are inaccessible. That means they are gone, and there is no automatic method of recycling.
The only way possible to recover those Bitcoins without the private key would be doing a hard fork in the blockchain.
14952  Bitcoin / Bitcoin Discussion / Re: UASF Activation on: May 28, 2017, 07:10:48 PM
I found some reddit posts that can help you understand UASF risks and what can happen.

https://www.reddit.com/r/Bitcoin/comments/6drwrv/if_exchanges_dont_support_uasf_can_it_still/
https://www.reddit.com/r/Bitcoin/comments/6bxpsj/bip148_and_the_risks_it_entails_for_you_whether/

"Addressing the OP, the important thing to realize is that UASF is not subject to a majority or consensus of nodes. It is happening 100% for sure on 1 August: a new chain tip will split off a chain that can only be built with SegWit signalling blocks (onus on miners).

Users/businesses/miners will have to decide on what chain they're on before they can transact. Transacting on the wrong chain will see those transactions lost.

Trace Mayer gives the example of Alice buying Bob's condo. If Alice and Bob transact on the chain that gets discarded then Alice has the condo and gets her bitcoin back. Bob has neither.

That's an extreme and easily reversible example, but think about the current daily transaction volume and fees worth $1mil+ going to miners on a daily basis. Businesses and miners will have to commit decisively or lose big.

The UASF is a watershed event and it is coming."

(all credit goes to original posters)
14953  Bitcoin / Bitcoin Discussion / Re: if you invented a quantum leap in mining technology what would you do? on: May 28, 2017, 03:41:49 PM
I would not do anything that could damage the bitcoin ecosystem and selling would be dangerous if this technology fell into the wrong hands. So I might just use it to mine Bitcoin and other altcoins and get rich with it. And more important: get Segwit activated.

But now the biggest problem would be the confidence that Bitcoin could lose if someone no one knows held most of the mining power from nowhere, having the chance to control the future of the currency. Thus making Bitcoin "less decentralized".
14954  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Pump Group on: May 28, 2017, 01:43:28 AM
With such grups you are chaising tail. and only leader of pump is getting hard cash rest most likely will sponsor his earnngs. You will most likely loose money there.
That's correct. Rarely a public pump group works in the long-term. Mainly because the manager of the group which usually is the guy who starts the pumps, probably has already bought amounts of the selected currency and will always try to profit from the new users and beginners mistakes.

I can speak of this from my own experience because I was already part of a group like this, and it never worked well.

The best way to organize an artificial pump is with a private group of whales that own a large amount of BTC, and are willing to allow the whole group to profit, controlling their greed to avoid disasters.
14955  Bitcoin / Bitcoin Technical Support / Re: $20 transaction with $3 in fees, still not confirmed! on: May 28, 2017, 12:20:48 AM
You can boost your confirmation time with this free service: https://www.viabtc.com/tools/txaccelerator/
Or if you are willing to pay, you can get a tx confirmated in 1~4 hours with this one: https://pushtx.btc.com/

Otherwise, you will need to wait even if you fees are enought. That's what bitcoin is turning into nowadays.

I was just going to send 0.022BTC, and my Mycelium wallet told me I have to use over $5 for the "economic" option.
Who would have imagined that Bitcoin would become so expensive? We need this fixed asap.
14956  Bitcoin / Bitcoin Discussion / Re: Well, I've been a Segwit supporter for a while now but... on: May 27, 2017, 03:59:52 PM

Good ol big blocker shill lies.

The poll done by 21 suggest that around 75% of big players in the space want segwit and the 70.5% reject Buggy Unlimited explicitly:


-img-

https://medium.com/@21/using-21-to-survey-blockchain-personalities-on-the-bitcoin-hard-fork-1953c9bcb8ed

Not to mention nobody but Roger Ver runs nodes.

So it's pretty obvious BU is in general a failure.

UASF is working, nobody is talking about BU anymore. We are now in the acceptance phase. Everyone knows segwit is going to activated, the question now is how.

The next step is for certain miners to accept segwit as a softfork to end the covert ASICBOOST exploit, if certain miners do not cooperate, UASF will keep going up.

Accept reality or get burned.
wow 61 random votes xd . why is this relevant for the comunity?
Rofl. Not just 61 randoms. This poll was targeted at experts and personalities from the Blockchain community. On the 21.co page itself, you can see some of the people who are part of the group where the poll was made. Do some work first before trying to spam for some posts count. https://21.co/blockchain/

Adam Back (CEO of Blockstream), Brian Armstrong (CEO of Coinbase), Nejc Kodric (CEO of Bitstamp), and others. Just some random folks right?

Btw, BillyBobZorton is right. Segwit is indeed the only right choice.
14957  Other / MultiBit / Re: WHERE are my BitCoins !? on: May 27, 2017, 01:13:24 PM
Did you backup your seed while creating your wallet? If so, you can easily recover your wallet with them.

I still have the wallet key numbers/letters but that does not seem to help ....... (?)
Can you explain what is this "wallet key numbers/letters" you are talking about? Do you mean the private key?
14958  Other / Beginners & Help / Re: Some miscellaneous questions of mine on: May 27, 2017, 12:29:33 PM
4.  I'm a bit confused about the trust system.  I read theymos' thread about it, but I still don't quite get exactly what causes someone to have a positive rating, what the multiple different numbers mean and how DT members tie into this.
It's quite simple.

This is how your trust is shown
Trust: 1: -0 / +12(3)

Purple: user's trust score calculated based on how consistently they've received positive feedback.
Orange: number of reported scams
Blue: increases with the number of positive reports

Everyone registered in the forum has a list that can be filled by you, where you define who is trustworthy for you. However, everyone registered in the forum already starts with a predefined list of trusted users, called Default Trust (DT). Only theymos can add people in the Default Trust, so they can be considered the most trustworthy people in the community.

The system works like the OTC WoT. Because you automatically trust the people in Default Trust, all members trusted by them will also be trusted by you. This is why you see many users with the green trust, simply because they have received positive feedback from a reliable user present in the DT list.

The same way works for the people you manually puts on your list. If you add me on your trust list, everyone I set as trustworthy will also be considered trustworthy for you.
14959  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: May 27, 2017, 12:09:23 AM
This is actually a smart way to mix your btc. I think this is the first mixer using any method like this, and with 0% fees. I have only one question that I would like you to confirm: As I have seen in the FAQ, is 0.001 BTC the minimum deposit amount?

I wish you good luck in the future. I'm sure I'll be giving preference to ChipMixer as my favorite mixer.
14960  Economy / Economics / Re: Long-term storage on: May 26, 2017, 11:17:24 PM
What do you think,
How safe is to keep some BTC in the coldwallet for 20 years paying no attention to crypto world?

Not safe. Hard forks might occur that need your attention to prevent loss. At least use a hardware wallet, keep the firmware up to date, and check both your wallet and the forum for news every couple of weeks, at least once a month. Store the seed for your hardware wallet securely, not online, and keep a spare around in case of malfunction.
If you'd use a hardware wallet, wouldn't hardware failure be an issue?
If you just store them in a paper wallet, would your coins be compromised due to a hard fork? I mean just any hard fork?

Let's assume that wouldn't be the case, then I'd think a paper wallet might be the better option, if you're using thick, laminated paper...
Just like you said, I think a paper wallet could be safer since there is no chance of hardware failure. Not that this is a major issue since most hardware wallets are made having long-term durability in mind. Just store your paper wallet in multiple banks and you will probably be okay. Also, if there is a hard fork and you are storing your btc in a paper wallet, the way your coins are affected depends on the wallet you use to claim your btc.
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