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15661  Economy / Service Discussion / Re: Most reliable mixer? on: May 08, 2015, 05:28:09 AM
You can mix by hand safely. Convert to Monero, send to another address with mixin 3 or more. Then you can (another account/s, IP/s) convert back and it's done.
15662  Bitcoin / Mining speculation / Re: Decentralization of mining is returning ... thoughts on 21 inc secret plans? on: May 07, 2015, 06:43:20 PM
As I said here, this has a huge chance to actually bring even more centralization.
Do you really think that your toaster will have an ASIC powerful enough to ever find a block?
15663  Economy / Speculation / Re: Poll - Are we scratching the bottom? on: May 07, 2015, 06:26:05 PM
I hope so.
Still, I am a rather pessimistic person, so I think that the worse still can come.
15664  Bitcoin / Bitcoin Discussion / Re: Is PoS the future of Bitcoin mining? on: May 07, 2015, 03:49:42 PM
Yes it is not based on the mining equipment and of course even if you need such expensive mining equipment and the price of mining still larger than the current price , what do you think of getting bitcoin from POS? it will ofcourse be such lower. In addition, some feature of shitcoins is a great feature, no doubt about that but changing to POS is not a good thing to follow

I never said that PoS is the best option (actually, I agree it's one of the worse ones), but it's an option.
However, it doesn't matter as long as Bitcoin has fork-o-phobia.
15665  Bitcoin / Bitcoin Discussion / Re: Is PoS the future of Bitcoin mining? on: May 07, 2015, 03:38:10 PM

Changing to PoS could solve some problems, like the problem of current miners crying for more fiat as income.

changing to POS wont help anyone because if BTC is change into POS then the value of it will drop too, leaving it meaningless to be just useless coins and not BTC anymore. Forking it in 20mb block will atleast make some decent effect to that

The price seems to drop whether we keep the current over-expensive mining or not. The meaning of the coins doesn't (or should not) come from how expensive the mining gear is.
The price was rising when people were hiding the money into Bitcoin (also with help from Gox bot). Since then people realized that Bitcoin can be traced and wallet can be somehow linked to person. What if they'll go for Monero, eh?

The 20Mb fork may have some meaning. Also having per kb fee is a reasonable option. However, the history shows that bitcoin is extremely reticent to forks.

Maybe someday Bitcoin will drop the fear of the forking, maybe it will take a look what the "shitcoins" can innovate and learn from them. Being the first may not be such an advantage after 5 more years, and just debating and over-debating is not too helpful.
15666  Bitcoin / Bitcoin Discussion / Re: It's Happening .... The secrets of 21 inc revealed, and its what we hoped for. on: May 07, 2015, 02:02:05 PM
Hmmm... I fear that this will make mining even more centralized.
In order that "your toaster" actually give you anything, it will have to be connected to a pool, else it will have too small chance to return even the 25%.
Also I fear that they may get hardcoded to a couple of 21 Inc owned pools, which will just simply have 75% pool fee...

The idea is interesting, but there are (far) too many things they can do wrong. (Electricity price/theft included).
Let's see what happens next...
15667  Bitcoin / Bitcoin Discussion / Re: Is PoS the future of Bitcoin mining? on: May 07, 2015, 10:52:52 AM
Changing to PoS could solve some problems, like the problem of current miners crying for more fiat as income.
But, really, it's not gonna happen. Ever.
15668  Economy / Services / Re: [BIT-X.com] Earn Bitcoins by Posting | Signature Campaign on: May 06, 2015, 06:40:22 PM
I remember marcotheminer saying that if the campaign goes back to monthly payments, the rates could jump a bit. I like weekly too, but if a switch to monthly makes rates go up, I'm all for a monthly campaign Smiley

Me too. Also, I expect a mixed sig+avatar campaign Smiley so the rates may increase a little..
15669  Other / MultiBit / Re: BIG BUG with multibit on: May 06, 2015, 10:02:21 AM
What I can get with this process ??

Not much.
I think that the data from your user folder is broken. And a reinstall may not fix that (the uninstall may not delete the broken data, the new install will try to use it).
Saving your private key is a good idea, because whatever goes wrong, your money is safe. You should do that.

If you want to "save and restore", it works better / easier if you do that with (the correct) *.wallet file.
15670  Bitcoin / Development & Technical Discussion / Re: 84 Gigabytes Per Month, Per Connection on: May 05, 2015, 09:45:11 PM
Each client gets the chain from a couple random others.
Trying to imply that one comp having the chain wil keep sharing it all is silly.

Coming from a Legendary account... is this bought, or you think that some nicely packed trolling will affect the market?
15671  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: May 04, 2015, 11:36:35 AM
lol today is monday psssst  Grin
let them sell sub 200k first  Roll Eyes

Too late, they've already heard him. Interesting spike.
15672  Other / MultiBit / Re: BIG BUG with multibit on: May 04, 2015, 11:20:25 AM
I've had this same problem with MultiDoge, about one year ago. As they are quite similar, I'll share what I've done. Reinstall is not needed.

1. Stop MultiBit
2. Copy all the content of c:\Users\Your User\AppData\Roaming\MultiBit to (a newly created) c:\Users\Your User\AppData\Roaming\Multibit.Backup
3. Delete from c:\Users\Your User\AppData\Roaming\Multibiit all the files except multibit.wallet and multibit.properties
4. Start multibit and wait it to sync, it may take some time.

When you are convinced that everything is back to normal, you can delete that backup folder.
15673  Bitcoin / Hardware / Re: ASIC and invoice on: May 04, 2015, 10:26:01 AM
I see a few options.

1. Maybe you have a good friend - or somebody you trust and wants to help - and can buy the ASIC for you (with your money, I guess), in US, then re-send it to you, declaring smaller value.
But there's some risk: I live in such type of country too and, if the value is much smaller than the reality the post employees may "lose" it. And yeah, if it's broken, or if there are delivery problems, it's gonna be quite a problem between you and your friend.

2. (based on 1) If you are good on electronics and your friend is also good on electronics, maybe you can do something like sending the ASIC piece by piece, staying, maybe, under the minimum for tax and still not being a nice target fro theft at postal office.

It's a tough task. I wish you best of luck. Really.
15674  Economy / Economics / Re: Best way to turn 2BTC into 4BTC on: May 04, 2015, 10:17:22 AM
Hey guys. I currently have a little over 2btc at my disposal. I was wondering what the safest and best way to flip that into 4btc, and the 4btc into 8btc, etc. I really want to save up for a powerful ASIC, and am stumped as to how to turn this into more. I've tried exchanges, but end up losing more than I gain. Im looking for a solid and sure way to make coin off of what I have currently. Thanks!

The only safe way to get money is to get a decent job and save.


I could tell you about gambling, Ponzi, investments, ICO, IPO, but all of them mean some degree of risk. Actually even saving in Bitcoin has some degree of risk (the ones holding from 1000$ until now know what I am talking about).

The conclusion is: there's no answer for your question. Actually, if people would know that, everybody would be rich, isn't it?
15675  Bitcoin / Bitcoin Discussion / Re: Bitcoin's killer app? banks could use 1 shared ledger on: May 04, 2015, 10:12:54 AM
If I understood right, you mean that banks will share between them all the information related to all the transactions they make.
That would mean that a lot of different competing companies (the banks) will share between them (or with all the world? I am not sure about what you meant) all the info about what they do (you'll see that from the list of transactions).
Do you really believe that such thing can happen? I don't.

yes, I think this can be viable.

example:
if bank A ( in Germany ) wants to transact with a bank B ( in Panama ) and there is large transaction cost and also default risk, bank A might choose bitcoin to do the transaction to avoid both costs

This means that they would use the public ledger only for a tiny fraction of their operations. I thought that you meant to move to a public ledger, not just use it scarcely.

If I understood right, you mean that banks will share between them all the information related to all the transactions they make.
That would mean that a lot of different competing companies (the banks) will share between them (or with all the world? I am not sure about what you meant) all the info about what they do (you'll see that from the list of transactions).
Do you really believe that such thing can happen? I don't.
it cannot in fact, because it would require to share also info about customers(you can't do that because of the privacy law) around the world if we are talking about different national banks, which are cooperating together

banks can do a transaction with bitcoin where they do not share details of clients and of which only they know the details.
the general public will only see a transaction between bank a and bank b and NOT know the end clients

They interact mainly by sending some info to the central bank or institutions like the ones holding lists of people that don't pay back loans. But from that to the point they show publicly every cent where comes from and where it goes (100% use of a public ledger)... it's a huge difference.
15676  Bitcoin / Bitcoin Discussion / Re: Bitcoin's killer app? banks could use 1 shared ledger on: May 04, 2015, 08:21:53 AM
If I understood right, you mean that banks will share between them all the information related to all the transactions they make.
That would mean that a lot of different competing companies (the banks) will share between them (or with all the world? I am not sure about what you meant) all the info about what they do (you'll see that from the list of transactions).
Do you really believe that such thing can happen? I don't.
15677  Bitcoin / Bitcoin Discussion / Re: Chinese team released software to mine Satoshi's coin on: May 03, 2015, 11:00:55 AM
Could you please explain in general terms the technical procedure of this effort? Are they going to reverse engineer his public key somehow? Or will they gather enough hashing power and speed to eventually generate the same key pair? Wish I could read Chinese  Undecided

I think that they try to create a 'vanity address' that is actually Satoshi's address.
(The public vanity generator may need some adjustment for that.)
15678  Other / Off-topic / Re: If BTC goes to $1000 or more, what would you do? on: April 29, 2015, 11:16:47 AM
If BTC goes to $1000 or more, what would you do?

It that's gonna happen soon, I will just cry. I will cry because I didn't start earlier to buy in, I will cry because I've spent all I could until now on alts.
you still have a chance to buy in now! No cry! LOL

Yeah, and if I buy now and bitcoin will get to 50$.. again, I will cry.
I know, I am not a good investor. I don't have funds "I can afford to lose".
15679  Other / Off-topic / Re: If BTC goes to $1000 or more, what would you do? on: April 29, 2015, 08:50:45 AM
If BTC goes to $1000 or more, what would you do?

It that's gonna happen soon, I will just cry. I will cry because I didn't start earlier to buy in, I will cry because I've spent all I could until now on alts.
15680  Economy / Economics / Re: What would cause the failure of fiat money system? on: April 29, 2015, 08:34:25 AM
Informed citizens. Smiley

This is the best answer. Though utopic.

Informed citizen, smart citizen, will find out soon that (all!) the actual forms of government are not helpful to the society.
When this will happen, when a new and better form of government will be created, a new and better way of currency will be needed (compared to fiat).
And that new and better currency will have to be a decentralized electronic currency. Ta-dam!
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