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16161  Economy / Gambling discussion / Re: Why not play games online instead of gambling? on: February 08, 2018, 07:04:04 PM
I've stopped asking myself this when I gamble. I used to spend huge portions of my days playing roleplaying games (pen and paper, dice) in my teens, and then for a period in early twenties drowned my waking hours with boardgame-style games. They were fun, very fun. Good that I slept so little so I still spent enough time working but still a lot of years down the drain. But the risk that comes with gambling is something different entirely. I'm prone to lapses in judgment and self control but generally can keep myself from losing too much.
First of all, gambling is not the same as games especially online games. Gambling can earn money, though there are so many losses you get. But the game only produces fun and will spend your money. You can only earn money from games if you join the competition or become a youtuber. Or you sell various items in the game. And also, if you play the game you have to have a great special skill. But on the other hand gambling does not need any skill. Most gambling just needs luck. But what is certain of both is, gambling can not be used as main income. So basically the sensation of playing gambling and games online is totally different, of course.

Income is never anything I associate with either, to be honest! I see both as entertainment, and like watching a movie or going out for a football match, I'm willing to pay for that entertainment. Professional gamers and gamblers would beg to differ too with you on two points. First, both earn from sponsorships, participation and of course the prizes. Some are paid just to appear and lend their reputations to the event, they get paid whether they win or lose. Second, the best and most consistent gamers and gamblers are distinguished by their skill. Poker faces aren't something everyone can just put on, for example.
16162  Bitcoin / Bitcoin Technical Support / Re: What exactly is the problem with re-using Bitcoin addresses? on: February 08, 2018, 05:33:52 PM
Use it if you have to. Don't if you can help it and value your privacy.
It also compromises other people's privacy: if one of my transactions can be linked to you as a person, someone could approach you to learn my identity. I wouldn't want that.

There's also a more practical reason: what if both Bob and Alice have to pay you 0.1BTC? If you give both of them a different address, and label them respectively "Bob" and "Alice", you know who has paid you. If you give them the same address, you can only guess.

Let me turn the question around: why would you want to use the same address more than once? Unless you have a good reason to do so, don't do it.

You're quite right here, I see that... but since we can't control how other people use Bitcoin (and shouldn't) then we assume to take a risk each time we transact with someone that our tx can be traced back at least to that person. I already assume every interaction I make with Bitcoin exposes me in that sense.

But yes, like I said... reusing addresses do have their purposes, and sometimes are necessary - for the particular needs we have. I have several I re-use, and I couldn't force that to change if I wanted to retain my business.
16163  Bitcoin / Bitcoin Discussion / Re: Only 9300 unconfirmed transactions today on: February 08, 2018, 03:44:47 PM
I didn't think it'd get this low actually, last two weeks it was already quite a good time to do low fee txs like the wallet consolidation I'd been putting off for months.

Was just saying at the time that it's possible that if Segwit and LN get the adoption long overdue, we may never again see mempool reach 100k. Just hit me actually, rising mempool has usually correlated with demand and price. Are we about to lose one more pointer to where the market is heading? Wink
16164  Economy / Speculation / Re: Bitcoin is recovering on: February 08, 2018, 02:43:16 PM
But without panic sellers and fake new believers how can we make profit and at the same time buy Bitcoin at a cheaper price again? I hate to say this but there is absolutely no way to avoid having these kinds of people as if there are no people like them the market won't be balance, I would even say it would be abnormal. Even if we try to educate all of them, their psychology will always be different to what we believe in. So if they want to change they must do it personally in order not to be part of the losing group.

That's right. No need to crap on the sellers and the traders triggering stop losses. No one willing to sell means no one making the market. It's perfectly natural and necessary for all aspects of the market. Think we need to respect every participant amd recognise what they bring to the table. Yes, even big bankers, scalpers and newbies.

And agreed, thanks to everyone for giving wee old
Small time accumulators like myself a little more breathing space on the way to the moon.
16165  Bitcoin / Bitcoin Discussion / Re: Any chance for USA to ban bitcoin? on: February 08, 2018, 01:13:13 PM
It currently doesn't seem like anything short of a cataclysmic mass terrorism event revolving around Bitcoin will cause the USA to ban it. They recently had a hearing where some regulatory heads were optimistic with the technology, and would rather see where it could go.

Theoretically speaking, it's going to suck pretty hard if they ban, but it wouldn't be the end of the world.

You probably have not heard the hearing.
It was neither positive, nor negative, they decided that they have to accept it's existence and need to look into it for proper regulations

That's right. There wasn't any real direction taken except good old " wait and see". The US has had its eyes on Bitcoin for a very long time. I recall as early as 2011 one of the early devs received supposedly an invitation to meet with their intelligence.

The advocates will point to an unwillingness to call for outright bans and a willingness to study it more as tantamount to recognition. But the critics will say that avoiding a stance now when it's had years to study it simply means that Bitcoin has failed to convince of its benefits.

I take this as slightly positive developments and don't believe a complete ban can ever materialise. Limitations and restrictions, yes. Regulations, absolutely. Can't see the US passing off new revenue.
16166  Economy / Speculation / Re: two ways to face the price drop on: February 08, 2018, 11:29:22 AM
This is a load of BS put together. The author seemed to grab one good and one unrelated point and put them in one sentence.

Point 1
I agree that volatility is attractive.
I do not understand that examining the value is unproductive. You should always be aware of the market you are trading in.

Point 2
I agree that HODL is safe.
What does this have to do with the big picture and the blockchain technology.


And it's a Bitcoin wallet and not a purse Smiley

I wouldn't go so far as to say an a point of view like this is completely bs. Compared to some of the garbage we see here ever day! Points of view from academia should be seen as a sound voice of a minority.

I agree he's wrong in saying that we shouldn't examine Bitcoin's value. Should we just abandon analysis of its underlying tech and how it's already changing the way we see money? Then Bitcoin becomes purely speculation.

We should always examine value. Perhaps not as a daily obsession but surely to guide our long term decisions. I mean, if there were an alternative I thought to be more valuable than Bitcoin, I'd switch. There isn't and I believe there won't be for a very long time. But I can't assume this to always be true.
16167  Economy / Speculation / Re: Keep a Cool Head. Play Your Cards Right and Wait. on: February 08, 2018, 09:40:12 AM
Nice to see that an old timer still sticks around to give sage advice but curious you wouldn't use your old account to post. Nevertheless, I think the tried and tested strategy for success is patience. Luck is always a small part, right place right time kind of thing but sometimes time is not on our side.

Remember always to risk what you know you can happily live without. Always take enough to make your time and troubles worthwhile but impatience will ruin any dreams you might have of financial Utopia. Whether that's a comfortable retirement or mega riches.

See you all again in 5 years when I'll be the old timer telling tales of the 2017 boom and 2018 panic.
16168  Bitcoin / Bitcoin Technical Support / Re: What exactly is the problem with re-using Bitcoin addresses? on: February 08, 2018, 09:05:17 AM
It's not a big issue for me, but in addition to the helpful link provided above, in a straightforward case, it allows people to link and associate and address with you, therefore, compromising your privacy. In some cases, especially with my work as a freelancer, it's actually necessary to do this, however. Many aspects of this forum's micro-economies also require this association and proof of ownership (provided when you can sign those addresses, proving you own the private key): traders, escrow, regular "salaried" workers and even signature campaign participants.

Use it if you have to. Don't if you can help it and value your privacy.
16169  Economy / Gambling discussion / Re: Why not play games online instead of gambling? on: February 07, 2018, 08:08:09 PM
I've stopped asking myself this when I gamble. I used to spend huge portions of my days playing roleplaying games (pen and paper, dice) in my teens, and then for a period in early twenties drowned my waking hours with boardgame-style games. They were fun, very fun. Good that I slept so little so I still spent enough time working but still a lot of years down the drain.

But the risk that comes with gambling is something different entirely. I'm prone to lapses in judgment and self control but generally can keep myself from losing too much. More importantly, I don't spend as much time on the only leisure activity I still keep in recent years. I consider the amount I lose on gambling and sports betting as worthwhile for the entertainment I get.

Plus, maybe I win the lottery one day. Cough. Wheeze.
16170  Economy / Economics / Re: Choosing the one | What I think! - Real Job or Full Time Crypto! on: February 07, 2018, 07:46:58 PM
Funny that my real job that I collectively had (a career) actually ticked all the descriptions you've put down as "Crypto Job", which leads me to think you're actually misled by what you think is a job. The job scope you're probably thinking of fits most of us who call ourselves: part-timers, self-employed, or freelancers. That we happen to be in crypto-related fields or earning in crypto isn't really special. That most of us are in this because of circumstance rather than choice also doesn't make us special.
16171  Economy / Gambling / Re: Is it the end for FortuneJack? I think it may be. Here's why. on: February 07, 2018, 10:37:25 AM
This in no way spells "the end". Sites usually run into wallet problems every now and then, especially when syncing balances to database and in-game accounts. I do agree that the warning should have been more prominent, but I guess some of these things can't be pre-empted. You're probably one of the unlucky few to encounter it while the site was unaware. At least thanks to you, the warning seems to be updated again for other users.

Tip: patience and courteousness goes a long way to facilitate issues like this. You're at the mercy of the site support.

16172  Economy / Exchanges / Re: Yobit withdrawal on: February 07, 2018, 07:41:47 AM
Ah, Yobit. They do tend to take a lot longer than should be proper if it's not BTC/LTC/ETH/DOGE (their current trading markets). Personally never faced a problem, though am a modest user, but I've found that the mods in the chat channel can respond to queries. You do need a 0.001 BTC balance to be able to chat, though. Have you opened a support ticket?

I'd advise against opening the scam accusation until you know with more certainty what's happened. My guess is you'll just have to wait.
16173  Bitcoin / Bitcoin Discussion / Re: Bitcoin for Taxi on: February 07, 2018, 07:19:46 AM
I think that the time for this has not come yet. This is a very long process - to start paying with bitcoin in a taxi. It is necessary that every taxi driver even knows what crypto currency is and how to handle it.
I would also not utilize my bitcoin in something that common. It would be stupid of me, like wasting the most expensive asset on the face of the Earth. Not a chance. We are far away from that time when bitcoin will be used like paper money, from every small payment and I am happy because it is so painful and difficult to give away bitcoin. This is time to gather up as many bitcoin as possible.

You shouldn't be so short-sighted. More people have got to realise that it's precisely the small, every day things that people transact in Bitcoin for that gives Bitcoin value. If people didn't buy pizza with it years ago, if I didn't use it to pay for hosting fees or domain registrations. If people don't offer to pay taxi fares in Bitcoin, and everyone holds, gathers and hoards, then you're only relying on new buyers to sell it to, banking on scarcity. And you'll get a currency whose only volume exists on trading market, with no one using it for its actual purpose. If that's all you want, there are plenty of altcoins out there doing precisely this.

Of course, it's good to hold something you believe in, for your own financial security hopefully. But don't be afraid to use it, in fact, I encourage you to use it. You'll feel much better down the line, knowing you helped bring Bitcoin to where it will be simply by using it.

16174  Bitcoin / Bitcoin Technical Support / Re: Bitcoin Core 0.15.1 - Address problem ! on: February 07, 2018, 06:10:20 AM
That's just wallet cosmetics. There isn't such a thing as a sending address actually, not unless you use a site wallet which always funds a set of fixed addresses. All your addresses can be used for receiving. As long as there are inputs at an address (if you've used them to receive, for example), then you can always send (spend) from them.

So your second address and all the addresses you ever have can still be used as receiving address. It's likely moved to "Send" because it now has inputs you're able to spend (send).
16175  Economy / Service Discussion / Re: Where to buy socks5 proxies? on: February 06, 2018, 09:17:23 PM
If you're okay with the affiliation of the domain name, I'd recommend you check out the proxy listings on blackhatworld forum. Just look for the listings by old members, approved by mods, with recent feedback. You generally can get good offers if you ask directly (and nicely), but you gotta be specific with what kind you need. All have been accepting Bitcoin... and most even other... crypto.
16176  Economy / Goods / Re: Get residency in EU Pay BTC. on: February 06, 2018, 09:04:18 PM
Sure you have a more detailed link with exact pricing options? Just put it on a website for us to see (I'm actually curious), you'll get more offers that way. Catalonia shouldn't be this expensive, though... 2.6m comes to half a mill per flat.

P.S. There's a legitimate way for EU residency that'll welcome your crypto, actually. Check out Estonia's e-Residency programme, complete with ID and business registration for all you Bitcoin whales. You don't even ever need to be physically present.
16177  Economy / Speculation / Re: Big whale liquidating his stash of bitcoins on: February 06, 2018, 07:02:21 PM
Same things happens after each dump? Whales move coins etc. It's good when whales sell. So the 1% will become less and less.

That's right. I was just thinking for a moment that this "whale" at that amount of coins isn't that much of a whale. I mean, sure you dump 30% of Bittrex's daily volume but that's a drop in global volume... not even half a percent? But as you point out, it's good that these whales sell off every dump and that always helps explain why declines keep sliding since sell offs trigger sell offs. Maybe in ten years, even 1k BTC can be considered a whale. I'd love to have a thousandth of a whale's holdings!
16178  Bitcoin / Development & Technical Discussion / Re: Bitcoin's earliest developers on: February 06, 2018, 04:35:39 PM
Amir created BIPs and libbitcoin

Thanks! You're the second person I've seen trying to write about those whose names have fallen off the grid (I assume correctly?). As I mentioned, at least one of the devs of Skyledger is claimed to be one of the early developers - all the Googling I've found points only to one recent video interview that suggests a bit of deep knowledge but nothing that couldn't be gleaned off just following discussions. I've also been following the trails of some others, all cypherpunks of some water, only for interest but I can't help but wonder if any were involved in launching the Bitcoin experiment.

My 2 cents,
Did anyone ever tried to compile all Satoshi's post and run a syntaxic analyse on internet? I know that some software are capable to find who wrote what, just by comparing the style, sentences etc..
It would be very surprising that he never wrote elsewhere and without leaving some hint about his identity..
Stupid?

Already done many years ago when it was quite fashionable for journalists to try their investigative skills and claim the find for themselves. Satoshi's writing was quite consistent, and it is likely the inconsistencies were deliberate obfuscation. One of the most compelling results led to a patent application for encryption, but the three who submitted all denied links (Neal King, Charles Bry, Vladimir Oksman) and even had no knowledge of Bitcoin (so weren't that connected to cypherpunk communities?). So false positives?
16179  Economy / Trading Discussion / Re: Why almost everybody suggest to hold? on: February 06, 2018, 02:48:59 PM
It's a little strange to me also, actually. Holding isn't aomething that occurs to me as a suggestion for trading. It's more of a stance you take as a long-term viewer.

To me, if you're a serious and regular trader, then you have clear entry and exit points. A stop loss is the basic risk management tool every trade should specify. Don't remove it except to trail gains, definitely not to change according to hold suggestions!
16180  Economy / Speculation / Re: Read this before you think to sell on: February 06, 2018, 12:20:13 PM
Not that I should have any reason to other than being from there, but am glad to see a rare opinion piece from Southeast Asia (where Bitcoin has quietly been gaining a small but loud voice, one of the more significant minorities, I still think) from someone who's been around for a while.

I know it can be difficult to see this, especially when this is the first time most of us are experiencing first hand the pullback from the climb, but as pointed out - in relative terms, Bitcoin is actually finding its way towards stability. Swings were much larger in the early days. The media hype, followed by the doomsday prophecies, have all followed the price, always behind it, always trying to keep the momentum either way. This has all happened before. And this will all happen again.

And because of that, lest we forget, the most important point we have to keep advocating is Bitcoin's technology and what it really means, and what the masses still haven't fully grasped (quote from the piece): "The price of Bitcoin is the least interesting thing about it. The value of Bitcoin is in its ability to do what it set out to do, and do it best. When you truly understand the technology, you’ll realize it’s true value."

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