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15401  Alternate cryptocurrencies / Altcoin Discussion / Re: Show me your Bitcoin XT on: June 02, 2015, 11:36:11 AM
What is bitcoin xt? Thanks for an answer
Gavin forked Bitcoin.  Now there is bitcoin and bitcoinXT.  bitcoinXT is much better.  Prolly going to the moon. If you want some of the new bitcoin (bitcoinXT) - let me know.  The old bitcoin is going to become worthless - very fast.  It is still good today, but in about a week, you won't be able to get $5 for one BTC

Gavin supported the XT fork but it is not Gavin himself who made the fork. Also, as I understand it, the bitcoins that I have would probably be worthless in case XT was accepted by the majority of the network, but how was this even possible if the coins produced on during Bitcoin Core and the coins that are going to be produced in the Bitcoin-XT runs within the same chain? Different statements regarding XT and core really confuses me now. Can someone shed some light in this one?
15402  Alternate cryptocurrencies / Altcoin Discussion / Re: Show me your Bitcoin XT on: June 02, 2015, 10:29:50 AM
Double bitcoins? I thought all the bitcoins will remain and the transition (in case it really happens) of BitcoinCore to BitcoinXT just adds the bigger blocksize limit and functionality but the bitcoins will remain? Confused here.
15403  Bitcoin / Bitcoin Discussion / Re: The 1MB block limit is harming Bitcoin right now and needs to be addressed ASAP on: May 31, 2015, 09:44:39 PM
It may be one of the reasons why certain large companies are holding back for the moment, but it's just a matter of time before block sizes get bigger. I certainly hope it gets done within a year.

Beside that, giving Bitcoin the ability to confirm transactions faster will also massively help. But changing this isn't something the majority of the community is waiting for.

I wish we had a solution, instead of a temporary patch. As you already know the more we increase the block size, the faster full nodes become a centralised part of it. Now how do we maintain a decentralised system, if limited corporate entities are the only ones who can financially afford to store the blockchain & keep Bitcoin nodes running? It really feels like we've started of with a decentralised network, which slowly morphs into a centralised system.

Raising the block sizes isn't a temporary patch, but an experiment that is being planned. Bitcoin itself is also an experiment imo, a test to see how far will we be doing in a decentralized-currency system. Also, even an old computer could run a full node if it is set to, and I don't see a problem if corporate entities also setup their own nodes. Having more nodes in the network is a good thing and will benefit the whole network. The problem is not in the nodes but in the mining power. As big farms are established, the more centralized the mining scene is becoming. That is a major problem, because they could easily write another block chain if they achieve even the slightest 51% of the whole network.
15404  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core or XT? POLL on: May 31, 2015, 09:27:45 PM
I would vote for XT in this case. This has been tackled many times that the current code needs to fork into something better as the need for it arises. I don't have that much care for who proposed the fork, but rather to the improvements that it will give for the benefit of the network, the coin, and the community as well.
15405  Bitcoin / Bitcoin Discussion / Re: Maybe it is a good advice not to store your BTC at OKCoin... on: May 31, 2015, 08:55:21 AM
But why OK coin, I though they were a fairly major exchange?  Is there some specific reason, or are you just giving advice that we shouldn't keep money in online wallets?

because there are alot alarm signals in the last weeks:

Zhao wrote:

    “As the second largest individual shareholder in the company at the time, I was never allowed to see a bank statement, even though my name is associated with several bank accounts of the company. In Jan, I asked strongly to see the bank statement where the VC investment money was stored, I was denied. I left shortly afterwards.”


http://www.coindesk.com/former-exec-hits-back-at-okcoin-amid-contract-dispute/


and the Roger Ver story...try google

This is one result of my searches with Roger Ver and OKCoin: https://www.cryptocoinsnews.com/bitcoin-super-investor-roger-ver-bitcoin-exchange-okcoin-may-insolvent/

Let me quote one of the statements made by Roger Ver:

Quote from: Roger Ver
The short version is that the CEO of OKCoin forged a contract and then forged my name onto it. PGP cryptographic signatures have proven it to be a forgery and for him to be a liar beyond any doubt. The only reason I can think of for him to go to such extremes to get out of a $10,000 a month payment is if his company is already insolvent and doesn’t have the money. I really think we should demand a full proof of reserves audit of OKCoin at this point.
15406  Other / Meta / Re: Would that work ? on: May 31, 2015, 08:35:38 AM
Signed message is still the best way to prove that you have the control over the user because the address that you used to put in the "stake your bitcoin address" could be compromised and can be easily used to send some money too. Also, it would reduce a lot of work for theymos because he will just check if the signed message is true plus it's free.
15407  Bitcoin / Bitcoin Discussion / Re: Is it better to hold 8 btc split to 8 different addresses or into one single add on: May 30, 2015, 10:13:02 AM
Well, as the title says, imagine if all those are kept in offline paper wallet which would be your preference in terms of ease of use and security. The advantage I can see having to manage 1 btc in 8 different addresses is that if let's say one of it ended up getting hacked or compromised, it's likely that the rest are still safe. Or if you lose one private key, you still have the other 7.

On the downside, what i can see is the hassle associated with managing 8 different private keys.

I'm sure there are other pros and cons. Your thoughts?

Personally, I keep a whole stash on a single paper wallet and just keep them in a safe place wherein I only know the location and I only have the access to it. Managing 8 different paper wallets is a difficult thing to do, because you must ensure the safety and security of each one of them  Not to mention that there is also a possibility of misplacing and forgetting where you put one of them, so I guess it is better to keep one paper wallet at a time, just make sure that you have the full control, you have some security, and only you know the location where you put that important piece of paper.

I prefer the contrary and I think it is 100th better to save & split 8 btc in eight address (1 btc each address). This is the nature of decentral. why I should put all my 'data' in one place, if I can split them in various place?

At the end of the day, it will heavily depend on the person's preferences on keeping his wallet. I find it convenient to keep a single wallet with all of my holdings instead of creating multiple wallets and placing them in different places. My memory is not that good so I've decided to just create a single one and keep it in a place where I can easily remember it and I'm the only one who can access it. Preferences are what really matters in the end. Smiley
15408  Bitcoin / Bitcoin Discussion / Re: Is it better to hold 8 btc split to 8 different addresses or into one single add on: May 30, 2015, 09:46:29 AM
Well, as the title says, imagine if all those are kept in offline paper wallet which would be your preference in terms of ease of use and security. The advantage I can see having to manage 1 btc in 8 different addresses is that if let's say one of it ended up getting hacked or compromised, it's likely that the rest are still safe. Or if you lose one private key, you still have the other 7.

On the downside, what i can see is the hassle associated with managing 8 different private keys.

I'm sure there are other pros and cons. Your thoughts?

Personally, I keep a whole stash on a single paper wallet and just keep them in a safe place wherein I only know the location and I only have the access to it. Managing 8 different paper wallets is a difficult thing to do, because you must ensure the safety and security of each one of them  Not to mention that there is also a possibility of misplacing and forgetting where you put one of them, so I guess it is better to keep one paper wallet at a time, just make sure that you have the full control, you have some security, and only you know the location where you put that important piece of paper.
15409  Bitcoin / Bitcoin Discussion / Re: Gavin Threatens to Quit Bitcoin Development and Join Hearn's Fork on: May 30, 2015, 09:29:24 AM
and the Media do their work very well.

By exaggerating news and spreading false information to gain some revenue and for their "news" to appeal more interesting. Gavin can do whatever he wants to do, however, any bad move will also affect bitcoin because we know that Gavin Andresen serves as the "face of bitcoin". The media exaggerates this bad news and as a result, affects bitcoin in a way how it affects Gavin. I agree to Gavin's point that there should be some changes in the code, but not to the point that if ever his demands aren't met and he'll choose another fork that is not yet thoroughly reviewed, I'll call it quits.
15410  Bitcoin / Bitcoin Discussion / Re: List of members of BitcoinTalk sentenced in a court of law concerning Bitcoin. on: May 30, 2015, 08:53:18 AM
The DPR/altoid case should really be in pending as the case is likely going to be heard by an appellate court (and I would be surprised if it is not heard by the Supreme Court).
You obviously know nothing of law.  While an appeal may be filed, it is VERY likely to produce nothing.  They don't go and start the case over.  They only consider whether mistakes were made.  Ross will argue mistakes occurred - then the judge will laugh in his face.  Really, there is a 100% chance of no change to his outcome. 

This notion that an appeal will come and the case can be reheard by a new judge is hilarious.  Ross is finished.  Done.  That story is told.  Life - without parole. 

He will never get out.

That's how harsh the judiciary system is. Even though he has no chance in winning this case, I still hope he would only receive the minimum sentence for the crimes he made.
15411  Bitcoin / Bitcoin Discussion / Re: Gavin Threatens to Quit Bitcoin Development and Join Hearn's Fork on: May 30, 2015, 08:30:55 AM
I don't see any problem when others create their own fork of bitcoin, but given that the well-known developer of bitcoin is threatening to leave the github version to support another fork is alarming. Though we know that even if Gavin supported this fork and the network stays on mining the current fork, still there will be doubts among the general public seeing that one of the prominent figures in bitcoin leaves for another project. This would only drag bitcoin not only in price but also in adoption as well.

-snip-
the only thing that i am concerned with is if gavin brutalizes the github by revoking membership and preventing coders from continuing on with the current bitcoin code, forcing people to use hearns fork

This will cause a massive outrage from the community and the network that may result to a great loss. If ever Gavin did this thing, I think no one will ever trust bitcoin and its concept anymore. If he wants something to change in the code, he should consult the community and other developers as well, because first and foremost, he doesn't own anything in bitcoin's code; he's just another developer too of this great code, but only more widely-known by the community and the world, but still the fact remains that he's a developer and not the owner of bitcoin.

EDIT: Fixed some grammatical errors and spelling.
15412  Other / Meta / Re: Proxy Unban on: May 30, 2015, 04:43:14 AM
I'm a friend of the new account creator "Investor Watch".  Could someone unban her account from posting?  Thanks!

AFAIK, you can pay on the address in the unban message to unban your IP

Yes, you can pay a small amount of bitcoins to an address so that you can have your IP unbanned, The time I registered here, I remember paying 8607 satoshi to have my IP address unbanned and start posting. That's only a tiny amount if you want to participate and partake into some discussions here in the forum.
15413  Other / Meta / Re: Are Forum signatures really useful ? on: May 29, 2015, 05:06:17 PM
As far as I know, there is a software here created by a mod to lessen out the visual quality of annoying signature ads. If you don't want to see ads, then you might find that software useful. There is no need to disable forum signatures imo, but yes, I can agree that post quality nowadays are lower compared to last year when there are only a few signature campaigns available to the users.
I agree, the post quality has declined, you see so many newbies with the 777coin signatures and they are posting useless stuff in useless topics just to get the couple satoshis from the signature. However, disabling the signatures will only remove the signature, not the useless post made by the signature user.

But once signatures are disabled, you will see a drastic change on the number of low-quality posts that are related to signature campaigns. Low-quality posts and off-topic replies are sometimes made by newbies with their signatures so as to get a couple of satoshis. I myself do not support the idea of removing the signature, but maybe set another limit to newbies? Maybe they shouldn't be allowed to wear any form of signature until they reached the Jr. Member rank because as far as I can see, the most off-topic and nonsense posts are usually made by members with a newbie rank.

I think the forum should add some special staff members to be very aggressive and their job is to hunt down spammers. Imagine a few dedicated signature spam hunters...might work? I think that personal signatures should always remain even if paid campaigns are banned.

Even if there are dedicated staff members whose purpose is solely spotting spammers, it isn't enough because a few edit and some sprinkle of "good" words would probably conceal the spam. That would work, but if you read the post thoroughly, you will see that the words added to the main point of the post is completely irrelevant as to what was really the point of the post. Special staff members aren't necessary in tracking down these spammers; the forum members here alone do so by reporting a post in which they think is insubstantial or is irrelevant to the discussion that's been going on.
15414  Other / Meta / Re: Are Forum signatures really useful ? on: May 29, 2015, 03:17:13 AM
As far as I know, there is a software here created by a mod to lessen out the visual quality of annoying signature ads. If you don't want to see ads, then you might find that software useful. There is no need to disable forum signatures imo, but yes, I can agree that post quality nowadays are lower compared to last year when there are only a few signature campaigns available to the users.
I agree, the post quality has declined, you see so many newbies with the 777coin signatures and they are posting useless stuff in useless topics just to get the couple satoshis from the signature. However, disabling the signatures will only remove the signature, not the useless post made by the signature user.

But once signatures are disabled, you will see a drastic change on the number of low-quality posts that are related to signature campaigns. Low-quality posts and off-topic replies are sometimes made by newbies with their signatures so as to get a couple of satoshis. I myself do not support the idea of removing the signature, but maybe set another limit to newbies? Maybe they shouldn't be allowed to wear any form of signature until they reached the Jr. Member rank because as far as I can see, the most off-topic and nonsense posts are usually made by members with a newbie rank.
15415  Other / Meta / Re: Are Forum signatures really useful ? on: May 29, 2015, 02:55:42 AM
As far as I know, there is a software here created by a mod to lessen out the visual quality of annoying signature ads. If you don't want to see ads, then you might find that software useful. There is no need to disable forum signatures imo, but yes, I can agree that post quality nowadays are lower compared to last year when there are only a few signature campaigns available to the users.
but sig. should not be disabled.


~Rude Boy

I clearly stated in my post here that there is no need to disable forum signatures. This is another problem that I see on people with signatures: they reply hastily without even reading the whole post or having a second look to check if they really understand the point of what the poster prior to them is really saying. Heck, there are even people with signatures who doesn't even read a single post on a thread and replies just to pad up his/her post count. With that kind of attitude, other users of this forum will surely get annoyed. The signature campaigns and the forum signature aren't the problem here, it is those users who doesn't really take time to read a single post before they reply, which therefore results into a low-quality, and sometimes an off-topic reply.
15416  Other / Meta / Re: extended ban time on: May 29, 2015, 02:34:42 AM
hello sir,

username: btcsnatcher
I was banned for insubstantial posts+sig ad for a duration of 5 days.
That was on 21st of May.
It's 29 today and still the message on the account (btcsnatcher) shows that

Sorry btcsnatcher, you are banned from posting or sending personal messages on this forum.
Insubstantial posts+sig ad (5 days)


WHY Huh  Embarrassed
Please unban me  Cry Cry


Forum is down for almost 4 days since the ban is served, maybe it is extended too

This is the most probable reason. The forum is down for 3 days I think, and not 4. Your supposed time to be serving the sentence are nullified because of the downtime this forum has encountered, so the days wouldn't decrease so as to complement with the days this forum is actually up and running.
15417  Other / Meta / Re: Are Forum signatures really useful ? on: May 29, 2015, 02:29:00 AM
As far as I know, there is a software here created by a mod to lessen out the visual quality of annoying signature ads. If you don't want to see ads, then you might find that software useful. There is no need to disable forum signatures imo, but yes, I can agree that post quality nowadays are lower compared to last year when there are only a few signature campaigns available to the users.
15418  Other / Meta / Re: MY ACCOUNT GOT HACKED on: May 28, 2015, 05:47:14 PM
Also received the email, but even without reading it fully, changing my password on every attack became my habit. Nothing to be worried about. The email was sent so as to lessen the risks of accounts getting compromised due to the recent attack.
15419  Economy / Speculation / Re: BTC Market Is Stalling - BTC Users Looks Like Small Group Of Favourite Beer Fans on: May 28, 2015, 03:52:15 PM
I think BTC projects are stalling in the world. Not so many BTC users in a whole world market. BTC future looks not so bright, from the other point BTC is Nr.1 crypto in the world  Cheesy

Eh, another fan of "BTC IS DEAD" because of price. Why don't you people open your eyes and see how far bitcoin already is from its starting point? People like you are blinded by the price; you don't see what's really happening around the ecosystem because all you really care about is the price and the profits. How about the true impact of bitcoin in the society and in the public as well? Open your eyes, dude. Seriously, there is a lot of good things happening around the bitcoin ecosystem.
15420  Bitcoin / Bitcoin Discussion / Re: What CAN I do personally to help Bitcoin along it's way? on: May 27, 2015, 04:02:15 PM
You don't need to be pro in coding in order to help bitcoin flourish; being a part of the economy by buying goods and spending will help bitcoin thrive. Setting up a node is one way of helping the network because you are helping in verifying and broadcasting transactions made within the network. Every little thing helps in bitcoin, but the most helpful thing you can do to help bitcoin is to use bitcoin and be a part of the economy.
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