Here it is > https://blockchain.info/fr/tx/4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33bWondering: for the first block to be validated, it is necessary to validate transactions (mining) in order to receive the reward for the new block created. So... What was traded the first time for this reward to be granted? Or in other words: what did the first miner validate to receive 50 bitcoins? Quick Google search says that the first transaction block of the Bitcoin blockchain, named Bloc Genesis, was created on January 3, 2009 at 6:15 PM. The first 50 bitcoins generated have not changed their address: At a technical level, the first 'coinbase' is special. These 50 btc cannot be spent and the address cannot be changed. The very first transaction (coinbase) of the Genesis block is not a valid transaction. It is not part of all transactions. (Antoine Ferron). A "coinbase" that may contain arbitrary data, Satoshi Nakamoto inserted in this first block the title of an article from the Financial Times of the day: The Times 03 / Jan / 2009 "Chancellor on Brink of Second Bailout for Banks". Details about this block: Number of transactions: 1 Total production: 50 BTC Estimated volume of transactions: 0 BTC Transaction fees: 0 BTC Size: 0 (Main channel) Date (timestamp): 2009-01-03 18:15:05 Time of receipt: 2009-01-03 18:15:05 Relayed by: Unknown Difficulty 1.00 Bits 486604799 Size: 0.2783203125 KB Version: 1 nuncio: 2083236893 Block Reward: 50 BTC Hash: 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f Previous block: 0000000000000000000000000000000000000000000000000000000000000000 Following block (s): 00000000839a8e6886ab5951d76f411475428afc90947ee320161bbf18eb6048 Root Merkle: 4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b Reception address: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa What I don't get is: even if this block is out of nothing, it had to generate a reward for the validation of 50 btc that do not exist, to a miner who did not validate anything... I think a little further: if we assume Satoshi received 50 btc to validate an nonexistent transaction that does exist. In his first transaction, was he the only one able to validate his own transaction? |
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StealthPay allows you to cash out any coin listed on Cryptopia or Bittrex on your Advcash. Here are some easy steps to go: 1) Sell your altcoins for BTC on Cryptopia or Bittrex. 2) Buy StealthCoin with this BTC. 3) Go to www.stealthpay.com4) Click on "Sell StealthCoin", fill in the relevant fields and choose "Advcash" as a payment method. 5) Click "Order Now". 6) You will be redirected to the next page where you will see our StealthCoin address. 7) Send your StealthCoins from Cryptopia or Bittrex to this address. 8 ) We will pay you on your Advcash within 24 hours after we receive your StealthCoins. StealthPay As others said, it does not solve the issue, I am not sure if you read the previous pages but the main issue right now is Advcash cards disabled, until a new contract is signed with a new provider (they say it is on the way but I'll believe it when I receive a new card). The service you provide sounds complicated and to my knowledge, there are other more convenient to do, I know at least two exchanges (Wex and Exmo) which allow to cash out to Advcash, they even allow transfers to a Mastercard. |
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I've seen hundreds of posts about the anonymous ( or otherwise ) nature of Bitcoin, but I don't see much mention of one major advantage of Bitcoin. It offers a permanent record of payment, and this can be invaluable in some situations.
Yes, well I am pretty sure a bank transfer stays in the banking history the same way, banks store and archive all transactions. A good advantage of crypto-currencies for me is the possibility to pay big money immediately and without the need of a third party (hence the term P2P right  ). it is not the same in every country I suppose but my bank does not allow me to send a bank transfer by myself, by entering IBAN / Swift number directly from my online account to pay for various services. I need to send an email to request it, it is annoying and particularly restrictive and does not work for emergency payments. |
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Well... you asked.
I did not look at your other selections.
No worries, this selection was made to be discussed. Too bad you did not read the rest, I am sure some of these posts deserve a merit, but fair enough and thanks for taking the time to read one. If anyone else can have a look, please feel free to do so. |
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This is a competition. Well sometimes. Prime example is what happened in October last year, bitcoin price went from $8,000 to $5,500 (if I remember correctly), in the meantime bitcoin cash had a majestic run to go over $2,200 (irrational frenzy that lasted for a week). What happened was the likes of Roger Ver hyping bitcoin cash like there is no tomorrow.
But one thing needs to be said, if the block size of bitcoin had been well over 1 MB from the very beginning, there would be far less alt coins right now. Would love to know what Satoshi was thinking.
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I think that there is one overlooked problem which needs to be addressed if we want forum quality to raise.
No. What are the low quality farmers doing when they understand that chance of them ranking up is close to zero?
I believe that they just could start farming more accounts in order to compensate for their inability to rank up, thus generating more sh*t post than ever.
You lack common sense and any understanding for incentives of any kind. Once they realize that they are unable to rank up, thus unable to progress, thus unable to earn, there is a near-zero incentive to continue doing what they're doing.Otherwise there is no real way to prove or disprove my theory.
Your theory is fundamentally flawed. Empirical evidence is not needed to disprove it. I believe there is a fair number of new posters who still don't even know about the Merit system. They write crap posts everyday hoping for ranking up quickly. In a few weeks they will realize there is no hope for them and they will be gone. The forum is still hard to read now (especially "Bitcoin discussion") but we' should see the positive effects of the Merit system within a month. |
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I saw that the price of bitcoin and other crypto currencies are bumping exactly at the same time and it now reached $9000 in some hours.I hope this is the end of the crazy run with bitcoin price.
Then dropped again but seems it's stable at 9K. I hope to see it on 12-13K very soon... to sell some  This is the right strategy. There was a support at $7,500 and luckily it did bounce back. No early celebration though. But for newbies who just got into this world, basic rule: buy when most people sell, sell when most people buy. Selling at $12,000 (if it goes back there) is the smart thing to do (just my opinion, not an advice). PS: I do think the road to go back to $15,000 will be long and painful. |
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Hi dinofelis, I took time to read your topic again, agree or not agree, it's a well thought post, but a few observations I have. I feel you are describing a possible future with today's realities. But how about: - solar energy? (this is a real question) - maybe other energy sources? Then you describe a world where every investments will go to mining. In a world where everyone makes more money by mining than working as a waiter, salesman, cleaner, this will cause inflation. Big inflation. If everyone can make money by mining, then the money done will be pocket money and nothing else, which means everyone will need a "real" job anyway, at the end of the day, because of inflation. If everyone stays at home to get "free money", it means everyone get richer >>> inflation. I could even say, in that scenario, plumbers, welders will become too rare (if I apply your logic), and because they are rare they will get paid more. Supply and demand of the working place > back to an equilibrium? So any investor will turn his TV factory into a mining device factory ; any chip maker will push aside anything else but mining chips. Simply because the ROI of these things is so much higher, and so much guaranteed, than anything else, that it would be pure financial idiocy to take another decision, and defend it before share holders.
Research and Development is free? Everyone can produce a 7nm ASIC in their basement? Just my thoughts. |
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Sharing a video (sorry it is not in English but the graph is easy to read) > www.youtube.com/watch?v=YfEQTIQ9usYTriangle showing that the price is heading to $7,500, where this a strong support. Next question: reaction of the market when touching this price. Opinion (not an advice): tempting to wait for the price to get close to this support and buy. Why not just put in a series of low buy orders in advance? The best part of flash crashes is that some very low orders get triggered, and you can then sell them pretty quickly once it bounces up. I buy and sell very rarely (not a trader but read a lot about analysis), wanted to monitor the price today and buy a bit as it seems many analysts agreed about this support. Price rising by circa 1k in like two or three hours. Nice quick cash for the ones who predicted it. |
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Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
Still some countries within the SEPA zone are not willing to agree with France and Germany about these over-the-top regulations: let's see how the G20 summit goes, but UK, Ireland, Cyprus, Malta all share a different vision. There won't be a consensus we can be sure about that. Too much money involved. |
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Sharing a video (sorry it is not in English but the graph is easy to read) > www.youtube.com/watch?v=YfEQTIQ9usYTriangle showing that the price is heading to $7,500, where this a strong support. Next question: reaction of the market when touching this price. Opinion (not an advice): tempting to wait for the price to get close to this support and buy. I`m pretty sure that there were people explaining that 10K USD was the "strong support level" for bitcoin and there`s no way the price could go under 10K USD.It looks like now we have a new support price. Anyway,what`s wrong with all the crypto whales?Why are they selling?I don`t see any major factors that force a price crash.Can anyone explain,please? Cannot disagree, there was a support at $10,000 (strong or not strong, I don't know), price went from 10,xxx to 12,xxx and back for a little while. How will it go after we get to $7,500? Nobody can tell for sure but it will be interesting to observe the behavior of the market when we get there. Don't think it is a good idea to buy now before we get there. Personal opinion of course. Well i'm one of those people that thought 10k was really a strong support. It probably was though, but it was broken. I'm not keeping my hopes very high but i also don't want to worry myself too much with the current situation. Btc will surprise us. Hopefully a good surprise lol I understand mate, I had the same logic at 10k, well, for now (very short term  ), it seems that there is indeed a support at $7,500, price going from $7,700 to $8,400 in two hours time. No high hope for now but interesting to watch. |
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So if this one crashes below the 2013 ATH, it is most probably finished.
That's a pretty dramatic way of thinking. I don't see why the market will go much lower from current levels. Compare the market last year to current market, and you'll see a pretty similar pattern. $1000 last year, $10,000 this year, and the market is going exactly in the same direction. Based on that, it should reach its lowest point between the $7500-$8500 range, which basically means that we're almost there. It's the perfect buying time in that regard. Time however will tell whether or not it'll be the same as last year, but I am pretty confident and went ahead and bought myself some sub $9000 coins. We have an almost exact carbon copy of the 2013-2014 situation, except that it is grossly x15 scaled up. Last year, we didn't come out of a monster-run up. This is the typical behaviour of a speculative bubble bursting, like it burst in 2013 (and in 2011). The remarkable thing in bitcoin, is that it keeps coming back. Usually, an asset that bubbles, is dead afterwards, but bitcoin is like the Phenix, rising from its ashes. You have to understand the mechanism of speculative bubbles. Last year at this time, there wasn't any. This is why short-range price analysis doesn't work. There wasn't an army of bag holders. In fact, once we broke the last ATH around $1100, the last bag holders from 2013 got free. You have to understand that after a speculative bubble, there's a whole army of burned newcomer-greater-fools, half-panicked at their stupid move of buying at the top and being a bag holder. It is the behaviour of that army of bag-holders that determines the crash that follows. If you look at the volumes last year during the run-up, there must be a huge amount of frustrated bag holders that curse themselves they got into this foolish game, and only want one thing: get out with limited damage. The more they try to get out, the lower the price gets, and the lower the price gets, the more "early birds" of last year start feeling uncomfortable, cashing out before it is too late. It is only when this huge, invisible sell wall is eaten, that one can get higher again. Given the huge amount of money that people spent during the run-up, that wall is huge. In the beginning, this is compensated by "bargain-buy-the-dips" of others. But as they get somewhat burned too, they will wait until it "bottoms out". With a big, and increasing army of burned bag holders, and less and less "dip buyers", more and more "waiting for the bottom", it can only go down until all of this is resorbed. In that case, the number of $4,100 makes sense. It is important to stand back and learn from this, especially newbies who have been here for less than a year (this is my case as well but was lucky enough to buy at circa $3,500), if price goes to $4,100 as predicted here, sell or not sell, you decide but in both cases you will gain experience that will make you wiser next time. We were all newbies at some point, sometimes you have to learn the hard way. |
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For guys looking to get Merits, a good starting point is to avoid to post (as much as possible) in "Bitcoin Discussion". You could very well post constructive and helpful posts there but they will hardly get noticed due to the very high number of messages posted everyday. If you wish to stick to this section, it is better to start a quality topic.
Sections with a better chance to get Merits are "Serious Discussion", "Ivory Tower", "Services" too if you can come up with something creative and useful for people. Same thing for the "Meta" section as long as you can suggest improvements in a thoughtful and constructive way.
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Sharing a video (sorry it is not in English but the graph is easy to read) > www.youtube.com/watch?v=YfEQTIQ9usYTriangle showing that the price is heading to $7,500, where this a strong support. Next question: reaction of the market when touching this price. Opinion (not an advice): tempting to wait for the price to get close to this support and buy. I`m pretty sure that there were people explaining that 10K USD was the "strong support level" for bitcoin and there`s no way the price could go under 10K USD.It looks like now we have a new support price. Anyway,what`s wrong with all the crypto whales?Why are they selling?I don`t see any major factors that force a price crash.Can anyone explain,please? Cannot disagree, there was a support at $10,000 (strong or not strong, I don't know), price went from 10,xxx to 12,xxx and back for a little while. How will it go after we get to $7,500? Nobody can tell for sure but it will be interesting to observe the behavior of the market when we get there. Don't think it is a good idea to buy now before we get there. Personal opinion of course. |
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Hi folks. After the struggles of Advcash, I finally received my mastercard from epayments.comIt works well, their customer service is a bit strict regarding the KYC verification (or should I say professional, you won't screw them up). If you got nothing to hide, this is a good service. Regarding cryptocurrencies, here is what they told me by email: Kindly note that you can accept payments in cryptocurrency only for provided services (for example, mining). To do this, please go to the "Add funds" – "With cryptocurrency" menu.
On the first step choose the cryptocurrency, the amount of funds you are going to receive and specify the address of the cryptowallet in the "Address for refund" line for the return of the funds in case of an unsuccessful operation.
On the second step the system will generate the temporarily address of the cryptowallet for you, which you should give to your partner or client in order to receive a payment from him. Kindly note that the funds should be sent within 30 minutes.
As soon as we receive the funds on this generated cryptowallet, we will convert them into USD or EUR (depending on the currency that you choose when processing the operation) and credit the funds to your e-Wallet balance.
If you have further questions, do not hesitate to contact us. I'm in the SEPA zone, I did not bother to see if they deliver cards somewhere else in the world at the moment. Feel free to ask them > epayments.com Hopefully this service can last long. |
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I think that at present the price is very good to start buying bitcoin, I do not think that it's worth being afraid that she fell so quickly, I believe in it and believe that the price will start to grow, so I keep bitcoin in my
Not yet in my opinion, because the price is heading to $7,500, I would wait for this price to be reached (strong support there) and buy at this price. Does not mean it is guaranteed to make a profit but at least this is where the support is if you want to get cheaper bitcoin now. But there is the possibility to go below 7,500 and in that case it could get ugly pretty quickly. |
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Sharing a video (sorry it is not in English but the graph is easy to read) > www.youtube.com/watch?v=YfEQTIQ9usYTriangle showing that the price is heading to $7,500, where this a strong support. Next question: reaction of the market when touching this price. Opinion (not an advice): tempting to wait for the price to get close to this support and buy. |
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Ubiq was my favorite so far. There is also this recent project EtherZero, it is a hard fork of Ethereum but I did not get much information about it and I am not sure this is the kind of project you are looking for. |
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it seems that i wasn't lucky enough in merit system , this week i got 126 activities but still a member !
i think it was just luck , many got ranked before it happens and now they are not suprised like me!
you dont think moderator was enough and merit system is too much?!
This is your posting history > https://bitcointalk.org/index.php?action=profile;u=1236465;sa=showPosts;start=0Are you sure you understand the concept of Merit? Just see your last 3 pages of posts mate. |
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Hi lab10. If I understand your request correctly, there is Ubiq which was built from a modified (and improved) Ethereum code base.
The project is not as popular as Ethereum Classic (mentioned by Zhukov) but looks strong and solid.
Basically it removes all kind of bugs that can be found on the original Ethereum technology. You may want to look into it.
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