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16901  Other / Off-topic / Re: New phone and my google authenticator is not working on: October 24, 2017, 07:39:31 AM
Did you scan the qr code from within your Google account? That is, did you login to yr Google account on yr new phone, go to the 2 step verification, account settings and click edit/change/ add device ? It should work from there, from a browser, not from the app.

If not, from the same area, create a backup code and then try using it on the new phone.

P.S. for my Bitcoin use, I now use a browser extension saved/associated to my google account so I can just login to any browser, on usb if necessary and use 2fa without linking device. Just remember to logout of course.
16902  Bitcoin / Press / Re: [2017-10-23] Will Japan continue to be a cryptocurrency giant? on: October 23, 2017, 03:22:30 PM
Japan is the perfect example of what crypto friendliness should look like. At this point it's mainly Japan making it to the headlines, and rightfully so, but we shouldn't discard the fact that the African continent is slowly but surely gaining traction, in crypto terms. I am fairly sure that if more countries and continents start following Japan, the overall growth will more evenly spread out, which is what I find to be very important. I don't really like to see one country pop up far above the rest, because in good times there isn't much to worry about, but when things don't play out in our favor, that country can take the entire market down with it. China is the perfect example of that. It's insane that we experienced so much problems just because of them, and that every time the price was about to break through significantly. Growth needs to get properly distributed accross the world, that's the aim.

Agreed! You can argue about it as much as you want, but regulation was always going to happen in Japan. Mt Gox left deep scars that caused a lot of embarrassment and concern for the Japanese government - and Japanese people involved with Bitcoin. If you understood their business and social culture then, everything that has happened since is a deliberate attempt to make amends for allowing that to happen on their soil.

And as a country, they've really gotten their act together and showed us a blueprint for adoption amidst regulation. Western Europe will be the next to follow, and they will want to tread carefully. China has shown how a draconian approach only creates panic, even if the intentions are probably not as sinister as many think.

I wouldn't discount South America or Southeast Asia as the next regions to step up and take their space in the crypto spotlight!
16903  Bitcoin / Project Development / Re: New 'Bitcoin Fees' App to easily see how current fee settings are performing! on: October 23, 2017, 12:31:02 PM
The app looks good. But how would you rate it with blockchain.info's fee recommendations? Although I know from experience that it will be better than Electrum's recommended fees. It always favors the users to pay higher fees, making it inefficient at times.

Thanks for making the app. Good luck.

Agreed. In fact, most services that start to implement a sort of dynamic fee system based on the network has yet to be able to keep up with network spikes. And at the same time doesn't update quickly enough when the bloat has gone. So you end up paying too little still when mempool fills up and then too much when mempool frees up. If there were a way for these websites or services to take this app's feed, or an API perhaps?

My gripe with Localbitcoins, for example, is not so much withdrawals since they pay a decently dynamic fee but with deposits as they charge a fee on deposits and is very often too high for days after mempool clears. Collectively have lost close to a hundred dollars on deposit fees!
16904  Economy / Exchanges / Re: VIP Bitcoin / bitcoin.co.id will close? on: October 23, 2017, 10:52:35 AM
Still too early to tell. I don't know if you were around in the 1990s and 2000s when the government (as well as that in Malaysia) announced similar bans (at first for e-gold but then extending to several other digital currencies like Liberty Reserves (or was it Liberty Dollars now?). The bans simply prevented companies from using or accepting those currencies, or its citizens from selling them to receive payouts at local banks. In reality, people simply deregistered businesses that were related to those currencies, stopped marking payments as cashouts, and continued OTC and P2P trading. Most exchangers until today work on IM and forums anyway. Bitcoin is the exception with companies like Luno and bitcoin.co.id. They've continued trading as far as I can see, so no need to panic.

I believe this current bout of anti-digital money will be very similar, if at all enforced.
16905  Economy / Speculation / Re: Drug Money and the Rise and Rise of Bitcoin on: October 23, 2017, 10:11:08 AM
The transparency of transactions kind of hurt them. If you were dealing drugs in a small scale then I'm sure law enforcement agencies are not going to spend too much resources on you, but once you start dealing with that amount of money, you're going to be on their radar relentlessly.
I'm not sure with your point mate how can they track you out if you are using bitcoin? unless you keep exchanging it to your local fiat and your local exchange
would be able to review your transactions, but if the drug dealer transact only with direct btc and no government can track them out aside from the hackers
who's keeps on looking for the possible victims.


We can't know for sure how, but the FBI and Interpol have revealed that it was precisely because darkmarket traders used Bitcoin that they were more able to track down people. Even as early as 2013/4, journalists themselves were already able to track down and identify known addresses of traders with the most basic tracking tools. The basic idea is, if you follow every transaction, you can trace all the inputs and outputs in a chain until you eventually arrive at a known address or one that is associated with the activity.

Yes, there are so many variables, and traders tend to use mixers/tumblers heavily to mask and obfuscate their coins, but eventually, everything is somehow linked. All it takes is a trader to get careless once. Perhaps send his address by email revealing his email server IP. Perhaps by cashing out even once at an exchanger with a verified phone number that can then be tracked with GPS. The software enforcement is using now is clearly powerful enough to track them down even with heavy mixing use.
16906  Alternate cryptocurrencies / Altcoin Discussion / Re: Difference between cryptocurrency coins and tokens on: October 23, 2017, 09:09:47 AM
Another way I like to explain in simple terms is that coins are generally generated or "mined", with every addition of a new block on its blockchain. These stay in circulation.

Tokens are generally created all at once, its entire supply at the same time. They are distributed, not mined.
To interpret it to a real life thing:
Coin: Money
Token: Shares (of different companies)
Not this simple, of course, but you can understand the difference between the two things based on that.

Quite correct, I agree, especially if considering the original idea of creating tokens for sale during an ICO! But one should be careful here - unlike shares of a company, where you get actual share certificates, therefore owning stakes in the company, including rights such as voting and and decision making, dividend distribution, etc... none of this will apply to any ICO no matter how they make it look. You don't actually buy a share of the ICO company or project, you pay to own digital tokens that the project/company promises a number of things on. You still don't own the company, don't reserve any rights to information from them from board meetings etc, you don't get votes.

Plus, with ICOs now having to fix their tokenised models to fit with regulation, they can't even distribute dividends on tokens now (they'd be securities otherwise).
16907  Bitcoin / Project Development / Re: How to automate Bounty campaign? on: October 23, 2017, 07:14:15 AM
I'm fully supporting the position which states that using such an automated decision or bot will strongly decrease the quality of the bounty campaign - even self-educative platforms cannot fully analyze if the post(for example) is decent or it's just a spam. As the consequence - we will have lot's of "automated bounty" projects and tons of spam, even more than we have today.
However, bounty managers may vary as well, so the existence of such a bot may affect the "standarts" of a good bounty manager, that's pretty good for the community.

I doubt any serious campaign manager will leave it to full automation as the final decision in determining qualification. But the type of automation such as the one I posted above helps in eliminating human mistakes often made by even the best bounty managers. If you have a bot or tool that checks, among other things, for:

1. Minimum posts, post bursting, within specific cut off times
2. Unqualified posts, for example, in sections that don't count
3. Copy pasting/ plagiarism
4. Correct sig code
5. Correct application, including valid wallets, profile link

Then the human manager only needs to validate and check quality. You get increased quality, quicker validation, more time for manager to focus on improving participant quality.
16908  Bitcoin / Bitcoin Discussion / Re: Minimum fee to transfer bitcoin on: October 23, 2017, 04:45:26 AM
Actually, there is no set minimum fee to use the Bitcoin network, and it is still possible to set zero fees for a transaction. However, most web-based wallets that you can use will set in its software a minimum fee. Some express it as a network fee, some express it as a transaction fee. But this is actually just the fee they charge you for their service. The actual fee they use to pay miners for including your transaction will generally vary. Miners in general will prioritise higher fees, since they make more that way, naturally.

You're choosing to use Exodus, which doesn't let you control your fees and sets a minimum for you, but this means you have no control over how low that can be or quickly your tx gets confirmed

If you are using a wallet that enables you to control setting your own fee (My favourite is Electrum!), some websites can help you estimate the minimum fees you need to get your first confirmation in a range of time. My favourite is https://bitcoinfees.21.co

16909  Economy / Exchanges / Re: bittrex trading fees question on: October 22, 2017, 07:36:04 PM
Serpens66,

I've looked at other exchanges, I think GDAX if doing limit orders appears to offer the lowest fees. Might you recommend any other exchanges with the lowest trading fees suitable to very short term day trading?
Thx
Glennb6

Thought I'd just jump in and say that you're already at one of the lowest fees charged at an exchange. New exchanges tend to launch with 0 fee promotions, while smaller ones naturally compete with fees a little lower than those of Bitfinex and other big ones. The trade off, however, is in volume - you'll see much smaller order books at these exchanges with lower fees. Generally, this shouldn't affect the average trader, I'm guessing if you're skimping on fees then you don't have a large bankroll.

The other trade-off is in the quickness of processing withdrawals for alts. I've found little difference in the speed of Bitcoin withdrawals up to small amounts (small becomes arguable every new ATH though!).

Yobit, for example, asks for a 0.2% fee plus don't need KYC but suffer from a terrible reputation with customer support on minor alts. I believe Binance, one of the new players, have it much lower for a few more months. I suppose that 0.05 makes a big difference if you're doing 10 trades a day.
16910  Economy / Gambling discussion / Re: Bitcointalk English Premier League pool betting Discussion Thread on: October 22, 2017, 05:04:09 PM
Well, that was that. Totally ripped apart by the Liverpool result. Yet another heartache in a long list of achy breaky heartbreaks. So few corners and one yellow card. I guess Mourinho must be flashing the "I told you so" grin at Klopp now.

Lots of late goals as usual in EPL. Arsenal and Everton scored THREE in 90th minute! Didn't watch that one so must assume everything just went to a frenzy at that end. Also, no draws, so lots of points distributed this week.

@toke, plenty of time yet before anyone should be allowed to throw in the towel! So I'd give it at least til Week 30 before we can feel the heat. Did anyone imagine the pot would hit $1,200, though?!
16911  Bitcoin / Bitcoin Discussion / Re: What's the best Bitcoin film? on: October 22, 2017, 03:02:36 PM
I suppose there are some good reasons to revive old threads, but I'm surprised no one has mentioned "Life on Bitcoin". We've got all the documentaries, we've even got a pop culture film (Dope), but what about actual people documenting their decision to live on Bitcoin?

About a couple who started a Kickstarter campaign four years ago, shortly after getting married, to film a full-length feature film on ... their life on Bitcoin. Have fun, it's pretty cringeworthy!

See the trailer here: https://www.youtube.com/watch?v=vmGDcDmu6ak

It's possible to find a copy of the full film.
16912  Bitcoin / Project Development / Re: How to automate Bounty campaign? on: October 22, 2017, 10:38:56 AM
I think I know just the service you're looking for. I tried it out myself, with limited success, but it seems to do exactly what you're looking for. An automated manager of sorts for specific use on Bitcointalk bounty campaigns. It only needs a one-time entry of forum profile information and then automatically updates on user activity. It's free too, so why not try it?

https://bitcointalk.org/index.php?topic=2207187.0

Not my link or service, just helping out.
16913  Economy / Trading Discussion / Re: A Good Solution Of Too Much Greed In Trading ? on: October 22, 2017, 09:54:57 AM
I know it's a really simplistic way to say it but it's actually what works. Greed, emotion, impatience, these all affect traders, from amateurs to professionals. This is why professional trading firms have strict monitoring groups, buddy systems to help people check on each other's individual performance and keep each other in check. For a lone trader, the simplest way that works is to always have your research done before making the order.

Determine the entry (long or short), why you think it's a good entry, and then determine your exit. This means setting your profit taking as well as your stop loss. Once you're confident of these, enter your trades, and let the market take care of it. If your price entry is never met, then let the order expire and recalculate. If it triggers, allow the market to close your order (either at profit or loss).

This way, you limit losses, and you realise profits. Also, you accurately learn from your strategies. Do they work? Could they have worked better?
16914  Bitcoin / Press / Re: [2017-10-22] Two South Korean Bitcoin Exchanges Announce Hard Fork Plans on: October 22, 2017, 07:39:09 AM
It's already an altcoin by definition... alternative cryptocurrency, as is any fork of Bitcoin. So they're just doing the logical thing =)

I think it would be great to Bitcoin if both alt coins fail in less than one month. If this doesn't happen, more people will try fork Bitcoin and claim that they are the real deal.

Bitcoin gold is just a scam. And should be treated this way. Bitcoin 2x is an attack on the core team. This just confuses new users and make all the community look bad.

They won't fail, since they will take any measure of success as objective achieved. Even Bitcoin Cash trading at 6% of Bitcoin value will be considered a success, given Bitcoin's incredible value range now. As long as miners make profit, they'll continue hashing at forks, and they'll keep on trading indefinitely. Regardless of the outcome, the good news is these forks no longer threaten Bitcoin, but strengthen it. BCH already set the precedence, so I foresee more future forks, each with less magnitude of "success".
16915  Economy / Gambling discussion / Re: Bitcointalk English Premier League pool betting Discussion Thread on: October 21, 2017, 08:12:59 PM
2-1 is actually a good average score to pick. There were two 2-1 results last week so that would have got you 80 points alone. I have the Chelsea game 2-1 and it's currently 1-1 at half time so hopefully it'll come in. Could see Chelsea getting another 2 though.

And tonight seems like another one of those nights. Flurry of goals everywhere, no draws makes an exciting Saturday for the neutrals.

Man Utd lose 2-1 when I stopped bluffing on them, Leicester and Bournemouth also did a 2-1 but I made the reverse predictions. 40 points for me so far, only marginally better than last week's 30! Also realised I missed making a prediction for Friday's game though I would never have predicted the 0-3 away victory. Hope Liverpool makes me smile tomorrow, finally! Still, 4 correct outcomes on a rushed pick isn't a bad return.

@ajaxmoor, finally making a solid >100 round, looking to reclaim your #1 spot?
16916  Alternate cryptocurrencies / Altcoin Discussion / Re: Difference between cryptocurrency coins and tokens on: October 21, 2017, 05:56:08 PM
Another way I like to explain in simple terms is that coins are generally generated or "mined", with every addition of a new block on its blockchain. These stay in circulation.

Tokens are generally created all at once, its entire supply at the same time. They are distributed, not mined.
16917  Bitcoin / Press / Re: [2017-10-19] Stock Market Bear Sets $1 Million Bitcoin Price Target on: October 21, 2017, 01:46:31 PM
I'm as huge an amateur proponent of Bitcoin as it gets, but to call $500,000 a conservative base against a best-case scenario of $1 million in by 2037 is by no means conservative in any case! Still, I suppose this is what you call a smart move in raising his profile. If Bitcoin continues today's trend in the next five years, Yusko's reputation will only be made stronger - more clients, more funds, lucrative networking effect. If it doesn't, everyone will quickly forget about it. Forward 10 and 20 years, and either scenario puts him in good standing.

1% is definitely what hedge funds are recommending now, from the strategy letters I've seen since April. That's probably a lot to do with this year's upwards pressure too, in my opinion.

16918  Economy / Gambling discussion / Re: Bitcointalk English Premier League pool betting Discussion Thread on: October 21, 2017, 12:23:43 PM
Hello friends and welcome back to almost the quarter-way stage of the EPL! I didn't have time this week and almost couldn't make my picks since they opened so late last week so in the buccaneering spirit of winners, I've decided to predict every single game this week as 2-1, mainly favouring the Top 10 teams. Liverpool is the only one different, but I downgrade my usual 3-0 prediction by a single goal.

I'll probably change strategy after Week 12 if I haven't made top 5 (cough cough). Too many expensive bluffs!

Yup.  It's ironic because I had him for a basketball fan.  Lol.  Cheesy

Has he dropped by in the thread and posted yet?  I'd like to pick his brain and talk about football.  Maybe he could even start his own tipster thread or something.

I won't be shy to admit that I've started following a lot of you guys on your tips, sometimes piggybacking on a bet or two. I thought to come up with good strategy but haven't had time to aggregate your tips. StephenCurry definitely well deserved, though.
16919  Economy / Economics / Re: How do manage portfolio efficiently while having a full time job? on: October 21, 2017, 12:04:49 PM
Hey wayne,

You'd be surprised at how many actual traders out there also have a full-time job! In the mid-2000s when I was into forex trading, it was actually only a part-time time-reliant, full-time effort... basically I spent most of my free time outside of my income-earning career to learn. I think regardless of how you trade and how much time you have for it, 90% of it has to be invested into learning and studying.

In terms of having a 9-5 like you do, the weekends and evenings should be put into reading, completing courses, perhaps even just reading analysis and insight from other traders, discussions on forums like this.

In fact, only having limited hours on your trading platform means you are perfectly suited for patient, long-term thinking required for disciplined trading. No day trades, no need to respond or react quickly to breaking news. Enter the market at carefully decided points, set your profit target as well as stop losses, and let the trades take care of themselves.
16920  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: October 21, 2017, 09:10:08 AM
Leicester City is becoming like Chelsea and the other big clubs in Europe who just sack manager anyhow. They today sacked their manager Craig Shakespeare who just four months ago signed a three year deal to take the job on a permanent basis, Shakespeare is the the second manager to be sacked in the EPL this season and the second to be sacked today as earlier Calgiliari sacked their manager as well after a six game losing streak.
Sacking managers are just a few ways to improve team performance but there is more important than firing a manager that is evaluating all the good aspects of management, coaches, and players. They must all be sensitive to what happens to the team so they must know what the advantages and disadvantages of the team during this season. This could be the trigger for the resurrection of a team.
Leicester City should have sacked the players that rebelled against Claudio Rainieri instead of sacking the manager that won them possible their only EPL title. This is the second manager to be sacked in two seasons and when that happens a lot, Managers wouldn't want to join such a team if sacking becomes consistent.

There is so little evidence to show that sacking managers and replacing them will result in instant changes - yet clubs still don't learn the lessons. Yes, we know that patience is the commodity lacking the most in modern football, but clubs need to learn that it takes a generation to bring about change that can only be expressed in the following generation.

Abrahamovich benefited from being an early rich club but he soon found that success couldn't be bought as easily now. Leicester was the fairy tale, but it also proved a point, only to emulate the mistakes of rich clubs by sacking Ranieri. I always felt bad for the guy, every time he got sacked but his legendary feat (and that is in my mind more legendary than even what Ferguson, Shankly, etc. could ever have done with Leicester City in that one season.

Memories are short, and players hold more power. Sad perhaps, but I hope clubs and fans mature.
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