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18341  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Do Altcoin Dev's Deserve Money ? on: January 14, 2017, 09:34:15 PM
I answered "yes" but I suspect I misinterpreted the true meaning after reading the first 30 posts haha.

1. Any kind of work should get compensation. Deserves is entitlement... what's that saying? You get what you get, you deserve all the rest.

2. I do agree that a true project often starts with people who truly want to fix something, work on it, and share it. The community, having realised the worth or importance of the project, often voluntarily pays or donates. Spoetnik's right to point out the great projects all start out like this -  advocates and believers who pour their lives, money, savings, everything into an idea, and still after a working product is shared, do not feel they deserve to be rich. I myself whenever possible use these "free" projects and always pay what I believe is correct. Voluntarily. A good project will pay for itself.

3. The sad - and as a newbie only several months learning about crypto, I feel VERY sad seeing its state, especially when a newbie's education on bitcoin talks about its foundations and its ideals - truth is that crypto is seen by so many as their chance at a quick buck. Nothing wrong with wanting to make money, I do too! But I think at this rate we're going to kill the goose that laid the golden egg.

18342  Alternate cryptocurrencies / Mining (Altcoins) / Re: What's the best GPU to buy that will hold the most resale value after 1 year? on: January 14, 2017, 09:14:10 PM
One suggestion is to look for a parts dealer that you can:

1. Buy a used/new GPU from.
2. Can agree to take your GPU as a trade-in for a new or another used GPU.

While initial price for Step 1 might be a bit more than if you scout yourself, you can offset your 2nd GPU buy with a trade-in.

This way you always stay a step ahead with GPU upgrades, with marginal costs outlay for every new buy. Both you and dealer also know you're buying/selling same GPU so it's in dealer's interest and yours to be upfront about the state of the used item.
18343  Bitcoin / Bitcoin Discussion / Re: Your biggest bitcoin regrets? on: January 14, 2017, 12:44:35 PM
I won't share my biggest regret as it's already mentioned by someone else here.

Biggest regret is losing my original bct account created many years ago. (tied to an old email on a domain I no longer own)True, it probably only had 2 posts or 3, as I only picked up bitcoin last September, but I'd have a good ranked account otherwise.

Not truly a regret any longer, though, as I would not use that account were I able to recover it now.
18344  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple and bitshares rated the most insecure blockchain software by China CERT on: January 14, 2017, 12:22:05 PM
Always healthy to have as much scrutiny from as many different sources, independent and otherwise.

Is Ripple the only one who finds the report and its methodology flawed and, therefore, unactionable? I find it unlikely that ALL these would result in false positives and it seems even Ripple concurs.



18345  Bitcoin / Bitcoin Discussion / Re: Bitcoin in the classroom, yes or no and why? on: January 14, 2017, 06:28:40 AM
As much as I like bitcoin, I really don't see why bitcoin should be added to an already bloated school syllabus (I doubt fiat is even part of syllabus).

There can be mention of it if learning about currency and certainly blockchain tech should be a subject in IT studies but it doesn't or shouldn't be taught in schools as a deliberate subject.
18346  Economy / Economics / Re: $1100 to $750 is significant on: January 14, 2017, 05:49:05 AM
I'm sure there were a lot of people somewhat deflated by how quickly bitcoin slid back down the $1000 slope but this will be tempered by the opportunity to buy even more at today's relatively good prices.

I'm still a good three months away from being in a position to purchase my first bitcoin... so a part of me hopes for even lower prices by April.

I know I'm not alone among long-term holders too!
18347  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: What i will do with this MONERO coin?? on: January 13, 2017, 11:24:58 AM
I have seen several posts in local boards (Malaysia) of people trying to sell that brass coin, with very few people registering interest.

If I were you, I would just hold on to it as a souvenir. You do realise it is unfunded, right?
18348  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Belacoin Wants to Give You $500 on: January 13, 2017, 10:51:30 AM
So have the winners been decided yet? Was on the verge if sending an application myself but could not possibly submit one that was ready before the deadline. Nonetheless it would be interesting to see the projects that succeeded in getting the grants... and the follow ups!
18349  Other / Meta / Re: What is the purpose of signatures? on: January 12, 2017, 09:07:48 PM
Here's a positive: the sigs actually help me read posts in a thread better, if only as a sort of border in between posts.

This isn't to say I'd get lost in a thread without the sigs or that I'd face a difficult time navigating - it just to me seems to better space out and differentiate the text between posts. Even the avatar does the same for me.
18350  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 12, 2017, 12:38:08 PM
Personally, I was always expecting a correction of price not just for btc but for usd. Did not expect the bottom to dall out so quickly while the dollar has managed to maintain its strength.

Shame that the correction in opposite direction didn't happen for Eth or doge haha.
18351  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin overcome Paypal? on: January 11, 2017, 05:27:25 PM
It's really rare for me to fully back what bitcoin can and can not do, even with so much personal interest vested... but I am very certain that if bitcoin can stay its course, it will easily overtake paypal.

PP has been around for so much longer and it took them a while to take hold. Bitcoin all the way!
18352  Economy / Services / Re: How to start earning from signatures? on: January 11, 2017, 02:46:08 PM
I still consider myself a newbie despite already being here for 4 months or so. I think one way you can learn is to look at existing senior member ranked users or higher who are on signature campaigns (under each campaign's thread is usually a spreadsheet).

View their profiles and read their posts. It is one way to learn what quality posts can mean. The basic idea is to contribute knowledge and ideas with your posts.
18353  Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest disadvantages of Bitcoin? on: January 11, 2017, 12:04:23 PM
I think if we talk about the fees, fluctuating prices, acceptance and even, to an extent, confirmation times, these are not exactly challenges unique to bitcoin as a form of payment. What compounds access issues in crypto is the need for technology - at least a device is needed and internet.

18354  Other / Beginners & Help / Re: Bitcoin Troubles --> complete newbie on: January 11, 2017, 07:48:59 AM
If you sent coins to a wrong address, they are transferred on the blockchain and nobody can reverse them, irreversibility of transactions is one of the key tenants of bitcoin, as it ensures nobody can chargeback your hard-earned coin.
Only the bearer of the private keys to the receiving address can reverse the transaction.
Where did you get the address?
If it was someone else's address, they just got lucky.
If no one has the key to it, that coin is lost forever.
Please tell us how much coin was sent.
Another possibility is that Core did not synch yet, (it usually takes about a day, depending on your internet connection), and you will see the coins when it downloads all the blocks.
Please keep us updated, and I hope the last issue is the case.

A bit of a sidetrack here but when you say the bearer of private keys can reverse a transaction, you only really mean that he can send back the amount, right?

On the irreversible nature of bitcoin transaction, is this theoretically impossible?
18355  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🌟🔴🔴🌟 R2B2 (Rubies 2) -- 1000 Satoshi FLOOR and Monthly Dividends! 🌟🔴🔴🌟 on: January 10, 2017, 06:29:17 PM
Forgive the question but I did not see it answered in this thread... how might one earn/gain R2B2? If I can understand, the eventual aim will be to phase out Rubies by burning them, so it would seem there is no longer a way to earn them. Will there be a similar method of "mining" R2B2 as its predecessor?
18356  Bitcoin / Press / Re: [2017-01-06] Death & Bitcoin: How I Prepared My Family’s Digital Inheritance on: January 10, 2017, 05:35:27 AM
Some time in the mid-90s when I first went online and started a website on shared servers, I set an automated message to be sent out to my email contact list (address book) in the event I did not log in for over 100 days (perhaps it was 90 days, I can't quite recall). It was a simple email to say that I haven't been able to log in for months and that this was an unlikely event. It also gave the emergency contact of my best friend, along with ALL my passwords/pins/locations of info.

I'd forgotten all about it years later and some time in 2001 or so, I went on extended travel with no net access, triggering that auto-email. A few people responded to my best friend, and word reached my family.

In short, the incident created a lot of relief, some confusion, and a few very angry people! Plus, I had to change all my passwords.

I never replaced that "system" but this article made me realise I ought to rethink how we pass on our digital inheritance.
18357  Economy / Services / Re: BitDouble.io Signature/Avatar Campaign on: January 10, 2017, 05:09:42 AM
Hello yahoo! This will be my 2nd sig campaign after a first also managed by you. I'm back from a 2-week Christmas break and am looking to join another campaign - timely as I've also just ranked up. I could not find any indications that positions were full for Full Members, so here is my application:

Name: buwaytress
Rank: Full Member
Current post count: 349
Wear appropriate sig and or avatar: Yes
Joining Avatar Campaign

Thank you in advance.
18358  Economy / Economics / Re: Guy loses 240-600 BTC trying to short on: January 08, 2017, 06:52:43 PM
What does 'shorting' mean?

An action of selling  or trading shares with an expectation of the price will go down over time and can rebuy at a lower price to gain profit.

Code:
A short, or short position, is a directional trading or investment strategy where the investor sells shares of
 borrowed stock in the open market. The expectation of the investor is that the price of the stock will decrease
 over time.

Read more: Short (or Short Position) Definition | Investopedia http://www.investopedia.com/terms/s/short.asp#ixzz4UcU6i1bq


What I find interesting is that some people refer to shorting to not only selling and expecting to buy back cheaper, but doing so with leverage. As in shorting implies leverage (which means they are losing more money than the difference between the selling point and the new higher price after selling). You can end up in debt even.

I think most people reefer to that when they talk about shorting, which is why it's so dangerous, you can go bankrupt if you screw it up. A lot of people were aiming to short the market at 1k expecting a drop and now they are losing their shit, look at the graph.. it's 1030 already and climbing.

Never mind the current price right now or even yesterday - you have an important point to take note of. A lot of traders are using incredible leveraging to short and while this sounds attractive, it simply puts you at so much exposure to sudden spikes in opposite directions.

Learn to trade first with small or no leverage, and always with a lot of healthy room for your stop loss to activate.
18359  Economy / Trading Discussion / Re: Is anyone interested in learning how to trade bitcoin for a living? on: January 03, 2017, 10:52:55 AM
Despite all the signs telling me to do otherwise, I've gone ahead and reached out to see what this mystery method is. Of course, I'm fully expecting for some sort of upfront payment but maybe 2017 will prove me wrong a few times.

Hope springs eternal in the world of crypto...
18360  Economy / Trading Discussion / Re: $1000 is on the way on: January 02, 2017, 03:58:14 PM
We can see the price now, $1000 is on the way.


agreed,  the majority of the member which are the people behind the community in bitcoin industry are expecting something about in bitcoin. The long waiting has been getting right of reaching the 1000$.

I am not rejoicing as I had hoped earlier for the price to stay below 1k so I can buy a bitcoin with income I expect in March but in fact if it stabilises for a while at 1k I would still be happy to enter at this price.

Good horizons on 2017!
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