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161  Other / Off-topic / Re: How to motivate women to use Bitcoin? on: June 23, 2016, 04:26:05 AM
Easiest way to get women to use Bitcoin is convince merchants to give 2%-5% discount on Bitcoin payment. Women are the biggest shoppers, and are sensitive to discounts.
162  Bitcoin / Bitcoin Discussion / Re: Bitcoin IS basically DESTROYED on: June 15, 2016, 07:26:28 PM
From the beginning, this has always been a possibility: A banker who can effectively create unlimited fiat money can easily acquire all the mining infrastructure and control the network hash power (Of course he don't need to do so through one single entity, it will look like that many people control the mining infrastructure, but when a vote happens people will discover that over 90% of hash power is controlled by a few entity and can go against majority of people's will)

PoW method is vulnerable to large capital taking over. This is the nature of PoW, so some people have suggested to use a PoW+PoS hybrid model for the future mining, but without major hash power, how do you implement this change into the network? Why miners should give up their dominance power today? It seems only a fork or re-design of a new coin can start afresh

It's real easy, but yes there will be a fork. You can't implement a PoS model without a fork. Forks are not scary, there were many Bitcoin forks in the past.

and once again, like I said a thousand times for many years, PoS is the only way Bitcoin can survive. Because PoW is NOT secure and will always end up in centralization. But people will not realize until it's too late, just like right now every block is 100% filled, transactions are taking days to confirm, and still no immediately action taken.
163  Economy / Computer hardware / Re: 32x Antminer U1 USB miner for $800 ($25 each) on: June 05, 2016, 10:05:42 PM


You will pay first, I am a reputable long time forum member. I can also accept escrow with a reputable service if you are concerned about trustworthiness, you pay any associated cost with the escrow service.

update 2016-06-02: 5 sold, 27 remaining

That made me laugh. You have one feedback. Trust is not based on forum badge style.

Good luck with sale

I have my feedback thread in my signature: https://bitcointalk.org/index.php?topic=197965.0

Many of my trades were done before this forum had a built in reputation system.

Plus I already said I accept escrow if you need it.
164  Economy / Computer hardware / Re: 32x Antminer U1 USB miner for $800 ($25 each) on: June 05, 2016, 10:04:29 PM
update 2016-06-05: 14 sold, 18 remaining
165  Economy / Computer hardware / Re: 32x Antminer U1 USB miner for $800 ($25 each) on: June 02, 2016, 06:21:23 PM
You need to check prices before offering something like this.
The only value they have is for collectors.
Unless you have free electricity you lose money mining with these.

Well I'm also selling these now on ebay for $30 + $7 shipping, and they are selling like hot cakes, sold 5 yesterday. So what price do you want me to check? I already heavily discounted my price here, since I don't have to pay ebay/paypal fees here. There are tons of people with free electricity at work, but they can't exactly run a huge miner with the noise of jet engine at work, so these USB miners are perfect.
166  Economy / Computer hardware / 32x Antminer U1 USB miner for $800 ($25 each) on: May 31, 2016, 06:54:22 PM
32x Antminer U1 USB miner for $800 ($25 each)
pictures: http://imgur.com/a/4B4qP

They are used for around a year, never overclocked.
Preferably I want to sell all of them in one batch. But if you need just a few, I could accommodate too.
If you take them all shipping is free.
If you need fewer quantity, shipping is flat rate $6 within the US for any quantity. International buyers, you will have to pay the extra shipping depending on your country.

You will pay first, I am a reputable long time forum member. I can also accept escrow with a reputable service if you are concerned about trustworthiness, you pay any associated cost with the escrow service.

update 2016-06-02: 5 sold, 27 remaining

update 2016-06-05: 14 sold, 18 remaining

167  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: May 29, 2016, 03:08:11 PM
and so I am. but when I think about the rate of bitcoin in 2007. it make me a little selfish. I thought perhaps I whould have join bitcoin in that time . now I will have a good about of bitcoin  and definantly we will be counted in elite class. but still I am hopeful to raise to that position in near future.

Bitcoin didn't exist in 2007, genesis block was mined in 2009-01-03
168  Other / Beginners & Help / Re: earn 0.5 btc on: April 05, 2016, 07:27:34 PM
Sure it's really easy, just find a way to make $200 USD online, and use that money to buy half a Bitcoin
169  Economy / Web Wallets / Re: What's the point of the Blockchain.info wallet identifier? on: April 05, 2016, 07:24:14 PM
It's a choice, if you want less security, but more convenience, then you create an alias. But people can potentially guess your alias and obtain your identifier this way.

If you want more security, then you don't create alias, and just use the identifier, it'll never be guessed. Basically attackers can't even obtain your user name, let alone your password.
170  Economy / Speculation / Re: With the halving coming... on: March 23, 2016, 07:48:20 PM
Let's assume that we reach a new ATH of $1,700, what do you do?

i don't think this possible.
buy hypothetically speaking, reaching $1700 in a couple of months means a super unstable price, so i will make sure to sell most of my bitcoins (i will never sell all of them) and buy back when the bubble is over and the price is back to normal.

Problem is, if you look at the last bubble, the price fell back, but nowhere near the level it started at. Basically if you sold at around $100 thinking it was a bubble (that was a 1000% rise from $10 level it was at previously), you had zero chance of buying back after the bubble bursts, because the price resettled at $200+ level
171  Economy / Speculation / Re: Getting closer to Halving but .. no increase ? on: March 23, 2016, 07:45:27 PM
Is it normal ? I wasn't here when the old halving block rewards happened before so I'm not sure how things work exactly but logically ... should we see a price increase (at least little bit) since we are getting closer and closer ?

i think its normal, before halving price will even decreased  a little. but after halving price will grow, so just wait and in august or September increase will begin

Yes I think price decrease before the halving because the halving hasn't happened yet, and some people fear "change", halving is a pretty big "change".

Then the halving hits, and daily supply/demand relationship will be changed significantly overnight, then people will realize there's only 1/2 supply on the same daily demand. They start panic buying and Bitcoin rise thousands of percent in the following year.
172  Alternate cryptocurrencies / Altcoin Discussion / Re: Does this mean that ETH is irrelevant (smart contracts on bitcoin blockchain) on: March 18, 2016, 01:26:11 PM
Not true. 99.99% altcoin uses faster blocks, Bitcoin does not adopt faster blocks for some stupid reason. Even increasing block size is taking forever.

everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it

altcoin are good as a guinea pigs

173  Bitcoin / Development & Technical Discussion / Re: Proof that Proof of Stake is either extremely vulnerable or totally centralised on: March 03, 2016, 09:01:54 PM
Well you don't need to find historical keys (in order to rewrite the history of PoS block chains), when you can make them for nearly 0 cost.

Simply buy and sell on an exchange, and your cost will only be the spread.

Then short the coin, and start attacking.

Obviously this doesn't apply to illiquid meaningless microfloat altcoins. We are talking about whether PoS is viable for a mainstream decentralized coin. Not.

For a centralized coin, then anything works, you don't even need PoS nor PoW (except to fool people with).

So let's say if Bitcoin was PoS, your attack plan is:
step 1: buy up 50% of all available Bitcoin?

uh good luck with that.
174  Local / 中文 (Chinese) / Re: 比较各国家的矿工发现新区块的速度 on: March 03, 2016, 01:38:52 AM
得看full node都在哪里。如果50%以上的node都在中国,那么防火墙外的矿工自然比墙内的慢。
175  Economy / Speculation / Re: 100 bitcoins. Will I be a millionaire by 2020? on: March 02, 2016, 06:10:26 PM
The price going to anything above 5k is debatle. In fact I am quite sure it's not going that high.
The last pump on this scale 200 to 1200 was a once in a life time oppertunity.

Normal pumps will get a max 200/300 pump at a time.

$200 to $1200 is not as exciting as $10 - $200 (direct result of halving) in terms of percentage gain.

Halving is incredibly disruptive in terms of supply/demand and market dynamics. You have more and more money chasing fewer and fewer daily Bitcoin output, I think $5000 or even $10000 is not unlikely after the halving.
176  Alternate cryptocurrencies / Altcoin Discussion / Re: is bitcoin unique than other cryptocurrency than other in technical...? on: March 02, 2016, 06:06:14 PM
A LOT of alt coins have better security technically, but Bitcoin achieved security thru size.
177  Bitcoin / Development & Technical Discussion / Re: Why blocktime decrease instead of blocksize increase is not discussed? on: March 02, 2016, 06:04:41 PM
Supposedly, changing the block time is a more complex and bigger change than changing the block size.

I still think it's worth it to have faster block time. 10 minutes is a cruel joke, just read about the many complaints that are happening in the real world:
https://www.reddit.com/r/Bitcoin/comments/48m9xq/average_confirmation_times/
178  Bitcoin / Development & Technical Discussion / Re: Proof that Proof of Stake is either extremely vulnerable or totally centralised on: March 02, 2016, 06:02:55 PM
Theorycraft all you want, in the real world it's demonstrated many times, that PoS alt coins are much more secure than PoW alt coins. Most PoW crypto avoided the PoW insecurity by being very big. ie BTC/LTC  smaller PoW crypto are usually DOA by being attacked to death.

Even better, is a hybrid system of PoS + PoW + DPoS, to attack a hybrid system, you need to completely overwhelm at least 2 of the 3 mining methods. Which is nearly impossible even for the US government.



179  Economy / Exchanges / Re: coinbase? on: February 23, 2016, 03:24:40 PM
Just beware that coinbase controls the private keys, not you. Also the funds that are not in "vault" are not insured, so you CAN lose your money if coinbase decides to close shop or the government decides to freeze your funds.

For just Bitcoin storage and transaction, I would stay away from coinbase, and use blockchain wallet instead, since with blockchain, you control the private key, not blockchain, they don't even know your private key.

But for buy/sell Bitcoin with fiat, then yes coinbase is really convenient though they charge a very high fee.

mtgox was big and legit too, until it wasn't.
180  Bitcoin / Bitcoin Discussion / Re: The thing that will destroy Bitcoin. on: February 12, 2016, 11:02:14 AM
I would also mention that altcoins are experimenting with a range of different approaches to blockchain bloat. If even one of them pans out, the software protocol of bitcoin can almost certainly be updated to implement the fix. (I would think sidechains would be a good solution to bloat as well.) People who declare that bitcoin is sure to die should first make sure their expected cause of death really is something intractable and unsolvable by changing the software. Bitcoin is not a fixed entity.

That's way too optimistic. Faster blocks is a PROVEN success in altcoins, 99.999% altcoins uses faster blocks, many of them produce blocks every few seconds. This is a pretty obvious trend ever since litecoin was introduced, uh FOUR years ago.

Yet it's not even remotely on the road map of Bitcoin development.

I have no reason to believe an altcoin solution to blockchain bloat can be adopted by Bitcoin. Since many solution to blockchain bloat actually already exist in altcoin for YEARS.
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