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1781  Economy / Economics / Re: [POLL] Bitcoin has actually value ? on: July 08, 2015, 03:28:39 PM
Bitcoin has no inherent value. Cost for creation and time doesn't matter as long as bitcoiners wouldn't believe bitcoins are worth what they are. Take that believe away and they are worth nothing. So these two answers doesn't matter really.

It's different from other things like bread or something that has a value outside of being a currency.
1782  Bitcoin / Development & Technical Discussion / Re: New achivement. The biggest tx on: July 08, 2015, 01:48:18 PM
Wouldn't these spamtransactions be lost after some time when no miner includes them in a block?

I know that this would mean that the miner had to keep all transactions in the RAM but i think it's better to adjus the RAM instead giving in to spam.
1783  Bitcoin / Bitcoin Technical Support / Re: Blockchain restore requiring complete Re-Indexing on: July 08, 2015, 01:28:08 PM
Thanx for the info

Looks like a post spammer who tries to raise his post count in order to level up.

Reporting him now.

@Threadstarter why don't you simply manually back up the blockchain. Create a batchscript that does this for you and you should be safe.
1784  Bitcoin / Bitcoin Discussion / Re: All crypto leverage-, margin-, option-trading & All stock-market symbols on: July 08, 2015, 01:10:57 PM
I did not know that poloniex offers margin trading. I imagine this being very risky. Altcoin markets could be moved with low amounts of money so that leveraged trades are successful. I don't see this becoming a success model. Though maybe i'm wrong.

You can leverage on bitfinex.com, btc.sx, btcchina.com (my favorite), 796.com and many others.

Forex can be leveraged on 1broker.com.

I think you need to check things out for yourself since i doubt someone will do all the work for you. Smiley
1785  Economy / Economics / Re: Why have Bitcoin instead of cash? on: July 08, 2015, 01:03:32 PM
Very good points. I'd like to add:

5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.

They can steal directly too. The current money restrictions in greece (only 60€ per customer per day) are only a slight steal. Though in cyprus the banks, and the governments, confiscated real money. There were people that took out a loan that freshly was on their bank account. At the end they had to pay back the loan and had no money lent in practise.
1786  Alternate cryptocurrencies / Altcoin Discussion / Re: Citigroup Is Testing Its Own Bitcoin: 'Citicoin' on: July 08, 2015, 12:50:24 PM
I know already what will happen. When one or more of these coins are established then the banks will lobby the governments to forbid the unregulated coins. Reasons might be terrorism, money laundering and so on. Of course they do it in order to gain money.

This happened before with so many things, i don't even want to think about.
1787  Economy / Economics / Re: China markets, WTF!? on: July 08, 2015, 12:39:44 PM
I think the correlation between their stock crash and bitcoin, litecoin price surges is obvious.

Asian stock market frenzy spills over into crypto.

H.

2nd biggest economy in the world loses 30% off it's stock markets, and bitcoin rises $30..
I am not sure they can really be correlated, the increase is almost meaningless on that kind of scale,

China frequently prints more money to back the markets in a day than the Bitcoin total value!

Bitcoin did not make this but the rising bitcoin price can come from that. It does not mean that all chinese, who don't want to lose anymore, go into bitcoin. Bitcoin is small so i would await that only some people move there. So a small rise in bitcoin price is still explainable i think.
1788  Bitcoin / Project Development / Re: Imagine a bitcoin marketplace that cannot be shut down on: July 08, 2015, 12:34:16 PM
The decentralized engine is already available.
I never tried this software before to recommend it and isn't bitcoin-accepting:
http://www.nxtfreemarket.com

Besides the nxt marketplace there is a p2p-marketplace named OpenBazaar. The last project received some good funding in the last time and they might be worth being checked out by you. It was hard to use them a year ago but i guess they now are more mainstream.
1789  Other / MultiBit / Re: Multibit long term reliability? on: July 08, 2015, 12:16:36 PM
Thanks for explaining to me Muhammed Zakir. I didn't know that Multibit has unencrypted traffic. :O

But i think electrum is more dangerous. I mean an attacker only would need to set up a server and he would get all the wallet addresses. Im not sure if a wallet needs to connect to him first but the auto connect is enabled by default. And when it's disabled then im still not sure if electrum isn't sometimes connecting to the other servers.

So i think electrum is a mess anonymitywise.
1790  Bitcoin / Bitcoin Discussion / Re: Unconfirmed Tx not found in the mempool ! on: July 04, 2015, 03:26:17 PM
I always only pay the minimum fee to get included. Which often turns out to be zero when it's allowed. And i never had problems. In the rare cases transactions take longer i tested sending another transaction with higher fee and they were not faster.

Maybe some time in the future, when more miners will block zero or low fee transactions, that will be a point. But not now in my experience.
1791  Bitcoin / Bitcoin Discussion / Re: The Real Untold Story Of Government's Takedown of Silk Road on: July 04, 2015, 03:24:32 PM
Shouldn't that mean that Ross Ulbricht can now start a case to defend himself, attacking the old decision i mean?

I'm sure a new trail will come with some much being left out and now the agent pleading guilty, is a matter of time before an appeal judge will grant Ross a new day in court base on all the key proof that was left out and all the corruption in the system.

I don't know the case but i hope he didn't sign something in order to get a lower sentence. It could mean a big problem to him then. Imagine him getting asked why he want's a revision when he explained, out of his free will, that he did all things

He did not.

He will be able to pursue his direct appeal to the Second Circuit Court of Appeals once his post-trial motions have been resolved by the District Court.

Oh well, that are good news for him. Knowing how the american court system works it might very well be that he comes free. As the poor victim of a conspiracy or similar. Still... this remains a exciting story for a movie. Tongue
1792  Other / MultiBit / Re: Multibit long term reliability? on: July 04, 2015, 03:22:34 PM
The commenters on the MultiBit architecture are correct.

MultiBit HD connects directly to Bitcoin Core/XT nodes to:
+ get transaction data
+ send transactions

So where is this node? It's a server isn't it? I know that the server can't spend the coins but still, he knows all addresses in that wallet, right? Its similar to electrum as long as iam not wrong.

So theoretically i see a risk.

Nodes are not servers, they are Bitcoin Core/XT clients which opened inbound connections. See https://bitcoin.org/en/full-node.

Oh, right... i don't know how i forgot what it meant. Tongue

But Multibit doesn't store the blockchain, so still nobody except the multibit wallet knows all the addresses in that wallet?

It's different to electrum where the servers practically know all the addresses in a electrum wallet?

Sorry for asking you out. Smiley
1793  Economy / Scam Accusations / Re: PSA: cypherdoc is a paid shill, liar and probably epic scammer: HashFast affair on: July 03, 2015, 02:06:13 PM
So how much did  hashfast earn in total at all? Is he maybe the real person behind and he wanted to secure the cash?

Surely the victims can argue that paying out this amount of money wasn't a business decision but something different. I seeing the amount of value i think a court will agree.
1794  Bitcoin / Bitcoin Discussion / Re: 9 million USD per month is looking for ways to jump into Bitcoin on: July 03, 2015, 02:00:08 PM
Backpage could lose a lot of business. I'm sure that a lot of those $9 million come from credit card payments for their services.

I think you are right. But it seems Backpage doesn't have a choice. They need to find a way for their payment processes. It will surely be a big hit for them but surely better than giving up.
1795  Bitcoin / Bitcoin Discussion / Re: What is holding Bitcoin back? on: July 03, 2015, 01:57:10 PM
1. the problem with adoption is that all the geeks that want to tell their friends about it, fail.
this is because their friends dont need to know what sha256 is, they dont need to know what  petahash is. they dont care about mining or exchanges..

*lol* Your'e right on that point. It's so hard to explain bitcoin and i often end up explaining things that are too hard to understand. Simply because there is no good way to avoid this since the questions lead to that direction at one point in the conversation.
1796  Other / MultiBit / Re: Multibit long term reliability? on: July 03, 2015, 12:57:04 PM
The commenters on the MultiBit architecture are correct.

MultiBit HD connects directly to Bitcoin Core/XT nodes to:
+ get transaction data
+ send transactions

So where is this node? It's a server isn't it? I know that the server can't spend the coins but still, he knows all addresses in that wallet, right? Its similar to electrum as long as iam not wrong.

So theoretically i see a risk.
1797  Other / Archival / Re: Bitcoin Core - Strange behavior on: July 03, 2015, 12:51:47 PM
Sorry, i mixed that then.

So the problem is you received change on an address that only was created later. Though the address had to exist before in your wallet, otherwise you wouldn't had get the change to it.

I think since you copied the wallet.dat that something was happen on the way. I doubt it's a general problem.
Exactly. I generated the address a day later. That's what I concluded during the investigation and with the helps of others (especially Danny).
No. The wallet.dat was just moved from disk 1 to disk 2 and then the software was automatically (on startup it asked for a location) pointed towards disk 2 and the first one was unplugged.

Maybe there are other files involved that trigger which addresses are shown or so. Maybe in your old place the transaction and wallet was seeable, then you moved, had other configuration files, and the address including transaction was not shown anymore. Then it was recreated.

Only a guess. I don't know the inner workings of the client so good.
1798  Bitcoin / Bitcoin Discussion / Re: The Real Untold Story Of Government's Takedown of Silk Road on: July 03, 2015, 11:55:32 AM
Shouldn't that mean that Ross Ulbricht can now start a case to defend himself, attacking the old decision i mean?

I'm sure a new trail will come with some much being left out and now the agent pleading guilty, is a matter of time before an appeal judge will grant Ross a new day in court base on all the key proof that was left out and all the corruption in the system.

I don't know the case but i hope he didn't sign something in order to get a lower sentence. It could mean a big problem to him then. Imagine him getting asked why he want's a revision when he explained, out of his free will, that he did all things.
1799  Other / Archival / Re: Bitcoin Core - Strange behavior on: July 03, 2015, 11:53:12 AM
If you sent the bitcoins to another persons wallet and the coins on the wallet are the change then maybe you are right that bitcoin qt didn't realize that it already had this address as a change address. Can this be? Maybe a question to development subforum.

So you sent 0.179 to the other and the spare 0.12 went to a change address that today is taken as a normal address by your wallet.

Besides... you should reconsider using change addresses as long as you don't want your wallet addresses being easily find out.
I've sent 0.12 to a person and the change which was 0.1799 went to an address that I didn't have at that time. The address that received the change wasn't generated until a day later.
I don't really care about that as this wallet is of low significance. As I've previously stated I didn't even realize that one of the addresses was mine until Danny asked (a bit embarrassing but still).

I wouldn't have made a thread if I didn't suspect an address collision (which it is not).

Sorry, i mixed that then.

So the problem is you received change on an address that only was created later. Though the address had to exist before in your wallet, otherwise you wouldn't had get the change to it.

I think since you copied the wallet.dat that something was happen on the way. I doubt it's a general problem.
1800  Economy / Services / Re: [Crypto-Games.net] ★Signature Campaign★ | Jr. - Full Members [Best rates!] on: July 03, 2015, 11:48:42 AM
What happens when the 20 posts in a week aren't met? Rollover?

And what are the week timeframes? You know, i applied in the middle of the week so 20 posts won't happen except i post intentionally more.

Edit: I don't understand why beginners & help doesn't count. In my opinion that would be the best place to target new users.

Edit2: And are there boni of any kind, besides that you can add your reflink?
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