https://www.youtube.com/watch?v=Uerbns8I2GoIt's good to see the news being brought up by someone that is actually in china, bypassing the great firewall with VPN of course. It looks like China government entered in panic mode about Bitcoin, they saw it's power, got scared so they try to stop it. They want to create their own crypto, which could possibly be Bitcoin Cash for all we know, since Bitcoin Cash is a scam controlled by chinese gov-sponsored miners and vendors. Oh and the price is going back up. This shows bull pressure is as strong as ever without China.
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The ban wont affect bitcoin much, also Chinese will use other means like VPN to buy and sell coins in other countries .. Its too late for china to do this
They can use a VPN but still there will be difficulties in making cash deposits to the exchanges. Also, VPN is not a 100% risk-free method to hide your real identity from the authorities. And most of the international exchanges are going to ban the users from mainland China. You can route Tor through VPN and the other way around and try to get things going. Also thanks to Blockstream's satellite people can now receive the blockchain with the correct gear. Of course the problem of needing to send back the transaction remains but I think in 10 years we will have satellites that are able to send and receive simple transactions and then BTC will be all over the planet regardless of what governments have to say about it. |
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Can upcoming Segwit2x destabilize BTC in the long run? And do you expect some price volatility with that?
It depends on many factors: - how much mining hashrate will mine Segwit2x and how much will stay with "Olde Bitcoin"? - will "the economy" (Bitcoin businesses, from whose many have signed the New York Agreement) try to convince their clients to upgrade to Segwit2x? - if Segwit2x "wins" the battle, will Bitcoin Core developers "accept it" and change to the BTC1 team (with some grudging) to keep their influence? The most "destabilizing" scenario is actually if the economy and the community stay divided and no one of the "two Bitcoins" wins the battle in a decisive way. Let's say Bitcoin Core retains 30-40% of the hashrate and Segwit2x 60-70%. Otherwise, things are more simple: - If Bitcoin Core manages to keep the majority of the hashrate, I think the Segwit2x fork will not succeed because miners rapidly would return. I think the Core team has still much more influence than all development teams of alternative implementations, so they will also retain most users if they are not forced to change (see next scenario). - But if the miners keep supporting Segwit2x in an overwhelming way (about 85% support it), then Bitcoin Core will have a hard time because the long block times will make it almost unusable. Average block times, for more than a month, would be at least three times (or more) higher than now. That means a drastically loss on transaction capacity (-70%). In this case it could be rational for the parts of "the economy" that do not support Segwit2x to simply accept Segwit2x as the "standard" Bitcoin because otherwise they would lose potential income. People like to spread FUD saying that there will be some sort of crash with price. Similar things have been said before 1st August and BTC actually went bullish up to 5k.
Do you believe this upgrade will push Bitcoin to 10.000$ levels?
Actually, both forks are very different: Bitcoin Cash positioned itself as an altcoin with different branding and replay protection. Segwit2x is an upgrade proposal, although many Bitcoiners would never accept it as "the Bitcoin", the people promoting it do - and if they've only a slight chance to succeed, they will do everything to win the battle. I think for an optimist scenario when one of the chains definitively has won, $10K are possible but unlikely (I think even now Bitcoin is slightly overvalued), my guess would be a new attack to $5000 (that will most likely fail) and a stabilization between $3000 and $4500. But in the scenario I described as the "worst case", I wouldn't be surprised if both chains' tokens fall below $1000. We have answers to your questions already. Bitcoin Core is not supporting btc1 (segwit2x, I want to clarify, because noobs get confused: btc1=segwit2x enforcing client, similarly, Bitcoin ABC=Bitcoin Cash enforcing client). Bitcoin Core members will abandon the Bitcoin project, or at least the most relevant ones, since if btc1 wins, Bitcoin is dead since it would be demonstrated that a coup of corporations can gather and put their own developers taking over the Bitcoin project. It's obvious Bitcoin would suffer from a crash if btc1 wins. The most likely outcome: More miners and vendors will drop from NYA (we already saw a couple) and segwit2x will not be able to hardfork without massive damage, which would make them irresponsible. http://nob2x.org/I was expecting the crash we are seeing in november, not september. Then I was expecting a failure of segwit2x, and after confirming we would avoid the hardfork, skyrocketing to $10,000+ |
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New additions 9/12/17 Charisse1229
franco123
kyori Hello, did I sent you a PM like a month ago asking you to review my posts. I never got an answer. I did also post in a thread where you post at hoping that you would see the post, but also never got an answer. Given that my ban was months ago, I am fit for a review, but after 1 month of waiting I want to know if you did review my posts yet. Please let me know, I would like to get out of SMAS. I think my posts are pretty good and I don't like being in a spammer list. Thanks. |
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I'm a newb, and curious what happens to bitcoin after they're all mined (considering that it's mostly wealth to absurdly wealthy people mining them now and has been for a while, aside from cloud mining sure but that's not that many is it? IDK), but curious what is the vision 10-15 years down the road it's possible that most the very wealthy people own BTCs? Seeing how more and more transactions are going to be paid via bitcoin (and rich people own most of the companies that GET paid in these transactions) - so I'm curious how it's going to be different?
Thanks!
Just because a rich miner owns a ton of hashrate, doesn't mean they keep it all on BTC. In fact, a lot of them are just here for the fiat, and they sell every month at market rate to whatever fiat currency they use on their country. They are all at least forced to sell a % to pay electricity fees and other expenses from mining that cannot be paid in BTC, so they don't keep 100%. Holders and miners are a different breed. |
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Im sense a lot of anger in you, my young padawan  Sell the BTC for FIAT fast, and rebuy it, when BTC hits 1000$ in a months time  He's a legendary member and you a newbie. In any case, Jamie Dimon is on a track record of calling Bitcoin a fraud, particularly, since he last talked about Bitcoin being a fraud or a scam or whatever he said, the price has gone up %1000. https://www.youtube.com/watch?v=i_jgTL6zuikYou can see it here along with the rest of bankster pundits. |
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I think there might still be a few issues open on the 0.15.0 milestone related to the release notes. achow101 will be able to give us a definitive answer, if he's not too busy.
I did find out a post by Peter Wiulle explaining the situation: It's not released, just tagged. OP was a bit too soon, see the first comment
Tagging means that the source code is finalized, but there are still a few steps remaining before the release (such as building binaries, verifying that all developers agree on the result, finalizing release notes, publishing in various locations, ...). This will happen in the next few days. Only after that will distributions have the ability to pick it up.
/u/nullc was pointing out that building from source is much easier on Linux based systems. He wasn't talking about it being prepackaged in distribution repositories already.
So it looks like we will need to wait for a couple of days? https://www.reddit.com/r/Bitcoin/comments/6zhxf2/bitcoin_core_v0150_final_is_out/dmvu5v1/?context=3 |
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Call me paranoid but I always wait until it's on bitcoin.org with all the signatures on the .exe files. Right ow we are still at 0.14.2 https://bitcoin.org/en/downloadThis update is crucial. Everyone must be aware to update it ASAP. It's really fast and it will also help to prevent the segwit2x scam. I hope the "News:" header on the forum here also updates asap because usually it lags behind a couple of days sometimes. |
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So you don't want us to make improvements? You don't want us to make the software faster? You don't want us to fix bugs and vulnerabilities? it was working before, now it isn't working, from a dumb user's perspective this is not an improvement You don't need to upgrade if you don't want to. No one is forcing you to upgrade.
I guess, unless I want access to my wallets... really, I am sorry for my tone, and I very much appreciate the help, I just get super agitated when this stuff breaks You said it was working with 0.12, so why did you upgrade? you could have ignored the error message I guess. In my experience, I upgraded from 0.12 to 0.13 to 0.14... never had any problems. The last time I had to re-sync the entire thing was during pre 0.1 times, and I think it was due harddisk corruption. 0.15 is coming soon and i've heard it's going to be very fast. Im sure that once you set it up you'll think it was worth it. You have money invested on this thing, make the effort to keep it updated to the latest version. |
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The internet is replete with people referring to bitcoin as a “bubble.” They are spreading fear, uncertainty, and doubt galore. They believe bitcoin’s high price spells impending doom, but their criticisms move beyond mere skepticism. It seems like they just hate cryptocurrency. Yet many of these pundits do not fully grasp bitcoin…or even economics. Commentators like Peter Schiff and others have routinely said bitcoin is a “bubble,” and that it will collapse any moment. They make these claims, but do not seem to understand how bitcoin works. Everyone sees headlines like this all over the internet: “Bitcoin is a false truth, warns analyst,” and this CNBC article, “Bitcoin’s nearly five-fold climb in 2017 looks very similar to tech bubble surge.” There is even a site dedicated to collecting these FUD and clickbait claims the mainstream media repeats. Bitcoin is special. It is not a company that could lose profitability and fail. It is certainly not a speculative real estate scam that could crumble as a result of government and bank-induced chicanery. Bitcoin is another animal. Bitcoin is Not a Bubble. Its value is not increasing because of marketplace lies. It is increasing because it is a life-changing financial invention. It is increasing because more people are adopting it. The “network effect” is in full swing. You can read more about this here. There are many arguments agreeing and disagreeing with the idea that Bitcoin can soon join the long list of many bubbles in the history of mankind. I am sure we are now familiar with the tulip bulb mania centuries ago and the dotcom bubble years ago. Some people fear that soon Bitcoin can be following the same path. While it is also good to read and hear the arguments of the bubble side, reading something that says otherwise can be refreshing. And while we have to be careful with how we invest our money, just leaning more to FUD will not amount to anything. Will there be a big pop or will there be a big celebration? The people that keep comparing Bitcoin to the Tulip mania bubble are usually old people or generally technologically incompetent people that just can't grasp the fact that something digital can be scarce, and something digital can be kept getting improved overtime. Tulips or beannie babbies are just useless stuff with no continuity. Bitcoin is an open source effort that will always have brain power improving it and therefore making it more valuable, coupled with the fact that it's limited in quantity, it's obvious that the price will keep going up, that's no bubble. Let them bark while we accumulate more cheap BTC. They all will die and BTC will outlive-them with an ever-increasing price. |
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https://www.reddit.com/r/TREZOR/comments/6yti7p/trezor_bridge_trezordexe_calling_home/On (first?) start the trezord.exe tries to open an Amazon IP address (serveral on failure and at various ports, e.g. 13.32.14.x:54xxx).
What is looking for there? Updates? I think it's scary. Could be used to track down Trezor users.
edit: It seems wallet.trezor.io will not start up with trezord.exe fenced. Sigh.
Why is trezord.exe trying to connect with an Amazon IP address?
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Your coworkers were afraid of losing more money. Sure, they shouldn't have bought BTC so late, but if they recognise that it was a bad decision, they might as well get out as soon as possible rather than assuming it's going to rocket up again a week later.
You are making the mistake of calling buying bitcoin now "late" after claiming that you can't predict the market. If you can't predict the market, then how it's late? It could go to $5000 pretty soon. Sure, it could crash too, but nothing points at that, specially when NYC agreement is failing and there will most likely not be a hardfork in november, or at least one that really challenges the legacy chain, so we are avoiding that disaster. We also got Bitcoin Core 0.15 with a lot of improvements up and coming, that's always bullish. China's bans are a joke at this point, they said they banned it again and the price is going up, looks like, just like we say with the repeated PBOC news, they are having less and less impact on the markets. So with that on mind, I don't see how buying right now it's not a good idea. |
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I want to run a Bitcoin Core full node in a linux machine that is brand new. I don't want to go throught the hell of syncing from scratch, so I don't see any other way out but to get the "blocks" and "chainstate" folders copypasted into the linux Bitcoin folder, this is an acceptable practice?
How long can I expect for it to take in a Quadcore with 7 GB of ram and a regular 7200 rpm HDD ?
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Can somebody explain to me the current distribution situation?
This was my first Byteball airdrop ever. I linked all of my BTC, it's 5 figures (in dollars) worth of BTC that I linked. I was excited to receive a nice amount for that. But what do I get? Not even $50 bucks worth of Byteball. Are you kidding me? This is it?
What the hell happened? I was expecting much more than that. At what are are further byteballs being distributed then? it will take forever if such small amounts get spread around. Aren't people that get in earlier supposed to benefit more?
I did read that they changed the model for this term and from now on the people that hold Byteball will get much more than the people that link their BTC accounts. Well, doesn't that make the people that linked their BTC already (and got a lot of GBYTE on the past distribution periods) increasingly rich? they are going to get so much GBYTE because they are already holding a ton. Like I said im ok with earlier people getting a bigger reward but it seems unbalanced, right now we are still early and we got so little with this term that it was a bit depressing to see not even 50 bucks worth of GBYTE after I spent an entire day linking all of my BTC addresses worth a lot more..
Welfare just isn't what it used to be, amirite? The bot told you what you were going to get and still you expected more? Reminds me of the bums on the side of the street asking for loose change. Give them some and they ask, "Got anymore?" People begging sucks. If you wanted to get more GB, then you should have bought some as you would have gotten a 10% bonus. So, either believe in the program and work it right stop complaining when you didn't win the lottery for simply showing up. Everything was determined a month ago. Don't act surprised when you got exactly what was expected. I'm sorry you spent the 'entire day linking addresses' when you could have in one swoop have moved your BTC to a single address or even better.... just simply bought some GB. You labor efforts are the same as those people spending hours to fill in surveys to get $1. BTC holders received a lot of money to simply dump. This has now changed AND no distro next month. Price will be stable now. (Of course those dumpers having seen the value drop so much, might now buy back in at these much cheaper prices). Im complaining because I expected more, I can complain if I want. It was disappointment to link 5 figures worth of BTC and get like 20 bucks. At what are will one get gbyte now for X amount of gbyte hold? because i heard that that was the goal now, to incentivize holders, well, at least I got 20 bucks, but the ones that did not dump and got into the early rounds are going to be making a ton of money every month with the increased rates I predict. I'm sorry you spent the 'entire day linking addresses' when you could have in one swoop have moved your BTC to a single address or even better.... just simply bought some GB.
You labor efforts are the same as those people spending hours to fill in surveys to get $1. Well, if you have been here long enough to be a Legendary member, you should know that linking your entire BTC wallet into a single address is a big mistake when it comes to your privacy. |
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I was considering getting Blockfolio on my phone now that I bought a phone that doesn't suck and can run it without going into overheat, but the problem is, I heard that Blockfolio app spyes on your portfolio... https://steemit.com/bitcoin/@sashadaygame/warning-popular-crypto-app-blockfolio-is-spying-on-it-s-usersThis doesn't seem very inviting to put your entire crypto portfolio on there isn't it? I will keep using cryptofolio.info for the time being. A very simple website, but at least doesn't spy on you that I know of. |
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I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
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Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?
You are looking at the linear chart, look at the logarithmic chart and you see we are not in a bubble at all. A lot of market analysts are calling a 5 figure price for the next year. Anything is possible, as we've seen, fake chinese news can crash the price a big deal, and we got the segwit2x hardfork on november which could cause a crash too, but in the long term everything should be OK. Im not saying great opportunities to buy cheaper aren't around the corner, that is why when some people asked me if I would buy in right I said no, because I don't want newbies to get money on bitcoin, then see a wild crash (like the one we saw) and have them complaining about it to me. Bitcoin is for special people that understand the technology and do their research first. This is what will make you stay comfortable for the long term and ignore all the drama and price swings. Long term BTC holders are going to get rich period, but few have what it takes to hold long term in this game. |
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http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtmlWeekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing. Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news. Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. At least some responsible government. China is making sure, more people will get Bitcoin before it gets to expensive. Without China wise leaders, Bitcoins would be $100k by now and who you think could afford to buy them? Rothschild's Walton's Koch's Mars's Slim's Bettencourt's Arnault's same old shit as we have now. We are lucky some countries are lead smart leaders and not funny hair leaders like North Korea and USA. China is probably funding Bitmain and doing a ton of damage to Bitcoin with their stalling tactics such as Bitcoin Unlimited, Bitcoin Trash or whatever else they feel like shilling at that particular time. They are funding all these trojan horse attempts, trying to control Bitcoin not only in terms of holding BTC, but trying to get rid of Core devs to put China-funded developers that will do what they want. China is not our friend, no government is our friend when it comes to Bitcoin. They all want to control it and steal it from you so keep your eyes open. |
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http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtmlWeekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing. Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news. Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it.
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Can somebody explain to me the current distribution situation?
This was my first Byteball airdrop ever. I linked all of my BTC, it's 5 figures (in dollars) worth of BTC that I linked. I was excited to receive a nice amount for that. But what do I get? Not even $50 bucks worth of Byteball. Are you kidding me? This is it?
What the hell happened? I was expecting much more than that. At what are are further byteballs being distributed then? it will take forever if such small amounts get spread around. Aren't people that get in earlier supposed to benefit more?
I did read that they changed the model for this term and from now on the people that hold Byteball will get much more than the people that link their BTC accounts. Well, doesn't that make the people that linked their BTC already (and got a lot of GBYTE on the past distribution periods) increasingly rich? they are going to get so much GBYTE because they are already holding a ton. Like I said im ok with earlier people getting a bigger reward but it seems unbalanced, right now we are still early and we got so little with this term that it was a bit depressing to see not even 50 bucks worth of GBYTE after I spent an entire day linking all of my BTC addresses worth a lot more..
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