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21  Bitcoin / Bitcoin Discussion / Re: If a friend ows you 0.1 Btc from Dec 2016 ... on: December 10, 2017, 02:32:51 PM
Lets flip the script. Let's say your friend owed you .1 BTC from Dec 2016. Now fast forward to 2018. BTC has crashed and the price is now 10 cents apiece.
Would you be ok with your friend saying "Hey Bro, here's the .1 BTC I owe you..."

I'd say he should pay you what ever the price was at that time.

His friend was a trader. He should have been be aware of the potential opportunity cost that he was taking away from the OP by borrowing the 0.1 BTC for a year. Unless there was a specific agreement stating otherwise the friend should repay the asset that was borrowed, not the cash equivalent from a year ago.
22  Economy / Speculation / Re: Analysis on: December 09, 2017, 03:16:41 PM
  Главное знаете что? Чтобы свеча недельная не успела сдуться до разворотной shooting star. Тогда вероятность продолжения будет высока.

 The main thing you know what? That the candle of the week did not have time to be blown to the reversal shooting star. Then the probability of continuation will be high.


----------------

I really didnt understand what he means. Anyone can explain  ?



I guess he meant that the candle from 7th December could have formed into a shooting star (a reversal pattern) if that day truly marked the end of the current uptrend. But since that did not happen, then there is a strong probability that the current uptrend will continue and we will soon blow past the peak made in 7th Dec.
23  Bitcoin / Bitcoin Discussion / Re: What will my Casascius sell for on ebay – any idea ? on: December 06, 2017, 02:35:59 AM

Can anybody tell me what I should realistically expect it to sell for  Please?


What denomination do you have?
24  Economy / Speculation / Re: The rally will eventually end with a dip to at least $3K on: December 05, 2017, 01:42:14 AM
Anyone who's been around since 2013 or earlier knows we will be back to $3k eventually.

Before proceeding upwards to $100K followed by a crash to $30K. If you short at $100K just don't make the mistake of waiting for cheap $20K coins because that won't happen.
25  Bitcoin / Bitcoin Discussion / Re: The safest way to store Bitcoin is in your memory on: December 04, 2017, 10:38:15 AM
This is how you do it:

1. Buy a hardware wallet
2. On it, generate a wallet from a 24-word seed (or fewer words)

Extra steps for the ultra paranoid:
-. Format (reset) the hardware wallet, then restore it from the 24-word seed.
-. Test with a small sum that you can receive and send Bitcoins from your new wallet.

4. Create a story which can help you remember all the seed words in order (this is a mnemonic technique, http://www.vocabulink.com/article/how-to-write-a-memorable-mnemonic-story)
5. Memorize said story, test yourself that you know it after 4 hours, 1 day, 4 days, and after that weekly.
6. After one month, format (reset) the hardware wallet, then restore it from the 24-word seed that lays in your memory.
7. If you've been successful until now, move your funds to the hardware wallet, then format it again and throw any recording of the seed words that you might have laying around the house.

Your savings are safer than ever now.

While your bitcoins may be secure from hackers and thieves you never took into account operational security. You might get amnesia and all your coins will be lost. To me that is not very secure.
26  Bitcoin / Bitcoin Discussion / Re: I Buy your bitcoin address. on: December 01, 2017, 03:37:45 PM
I buy a beautiful address which was money.The more money and the longer they lay more I will pay

At which point in time should it have coins? How about as far back as 2010? 2011?
27  Bitcoin / Bitcoin Discussion / Re: 10k BTC! (Job is going bye bye...giving notice) :) ie MY SHIP CAME IN! Take Poll on: November 28, 2017, 11:14:11 AM
(putting in my 2-week notice for work...probably 11/29 wens...)

Congrats on taking the plunge. I remember your KnC BTC and LTC setups from back when. Got me thinking why the hell am I still working when I no longer need to? I guess I like my work, but if BTC hits $25K I really won't have any more excuses.
28  Bitcoin / Bitcoin Discussion / Re: warning - bitcoin futures. Get coins off exchanges ! on: November 28, 2017, 10:39:42 AM
The danger is a whale can buy short futures. Then he sells all his bitcoin. The price crashes as other sellers exit, he covers his shorts and buy back all his btc. This is how markets are manipulated with futures. And it's about to happen with btc. Bitcoin has been free of wall street manipulation until now.

You have been warned!

 And where are they going to get the huge amounts of bitcoin to sell short and crash bitcoin. ? From the exchanges ! Remember big exhanges  restrict withdrawals and they signed the New York Agreement for sw2x. ie.They have indicated their desire for centralized control.

People MUST get their coins off all exchanges!

I don't get it. How would taking your coins off exchanges impact this directly? The CME Bitcoin futures are supposed to be cash-settled and marked-to-market daily. Nobody, neither the CME nor the market participants, need to hold a single bitcoin for the whole thing to work. Market participants would probably put up margin in cash and not bitcoins. They may hold bitcoins externaly to hedge, but that is not required.
29  Bitcoin / Bitcoin Discussion / Re: this is what will Kill bitcoin. on: November 25, 2017, 11:11:42 PM
80 cents you put on the fee? That is way too low my friend I put a transaction through last week that cost I think 10-15$ it was shitty but it had to be done. Granted I agree with you the fees should be drastically lower!
the wallet set the fee. I would gladly pay more.

You should have exported the private key from Multibit and imported it into a more modern wallet. You could also have tried the last release of Multibit Classic.
30  Other / Beginners & Help / Re: Should I Be Scared Of Hackers If I Have Lot of BTC. on: November 23, 2017, 12:27:06 PM

There are instances that if you lost your phone, there's a chance that the hacker can find your private key in it. There's also one who had his phone repaired, but it looks like the one who fixed it stole his private key as well. That's two possible scenarios that I can think of with regards to phone hacking.


Also keep in mind that there have been recent social engineering hacks where high profile bitcoin holders have lost their coins because the hackers managed to transfer their mobile numbers to their own handsets. This was always accomplished by social engineering the phone company, with the hackers impersonating the owners and convincing the phone company they lost their phone and getting them transfer the service to a new phone.

If they managed to transfer your phone number to them, they could password reset your email, gain access to your cloud accounts, trading accounts, online storage, etc. basically make a complete mess out of your life. You need to protect your BTC from this attack vector, especially if you backup data on your phone to the cloud. Your phone may be physically safe but your line and cloud backups are not.

Edit: For example, if you have a gmail account with 2FA google authenticator and a backup phone-number, the 2FA can be disabled and the password reset by using the backup phone.
31  Other / Meta / Re: Organized farming of member ranks on: November 15, 2017, 11:48:31 AM
if a user's ignore count (number of times they've been ignored by, say, Full Member+) were displayed, it could be easier to identify spammers, or easier for people to ignore spammers without reading their posts, or there could be an option to ignore anybody who has been ignored by 100+ Hero/Legendary+ members.


This used to be a feature, but got removed for a reason I can't recall right now. Basically users glowed Orange/yellow depending on the amount of people they were ignored by.

I seemed to recall that the reason for removing the orange was the computing resources it took to compute the color. Basically it was some computed attribute of the user that had to be recalculated periodically.
32  Bitcoin / Hardware / Re: Bitmain didn't deliver my paid for Antminer. on: November 14, 2017, 11:17:40 PM
This happens periodically. Yesterday it happened again to me when I happened to place an order just after the BCH hash rate dropped and my order did not confirm in time. I opened a support ticket but they fixed the problem automatically even before answering the ticket. If you have paid the correct amount and the transaction confirmed you should be able to sort it out with them.
33  Bitcoin / Bitcoin Discussion / Re: Bitcoin Cash is the Real BTC That fulfills Satoshi Nakamoto White Paper on: November 11, 2017, 05:50:34 AM
Looks like the market is starting to figure that out. 

That may be so, but there are still very few places where you can spend BCH. And those big blocks are still mostly empty. BCH has yet to prove that big blocks are safe for the network. If big blocks are eventually proven to be safe, increasing the blocksize (perhaps by a more conservative amount) is something that core could easily adopt, negating any advantage of BCH.
34  Other / Meta / Re: My Negative Topic Removed! on: November 10, 2017, 11:49:55 AM
But there will be definitely less miners in the future, Won't it affect the speed of the transaction?

You are aware that the network difficulty adjusts to the total hash power of the miners, don't you? Depending on how gradual the number of miners drop off you might not even notice it impacting the network transaction rate. Because the mining rewards reduce gradually when the last fraction of coin gets mined there won't be a large exodus of miners.
35  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 08, 2017, 11:26:54 AM
Hodl.. This is coming to a Lambo dealer near you (maybe)



best thing to do now is order Tesla 3; and one year later you can cancel order and buy yourself 10 lambo for price of one today Cheesy

I actually did that recently. I sold 0.25 BTC for the $1000 reservation fee. Today the fee would have only been 0.14 BTC. Too bad you can get refunds in BTC.
36  Bitcoin / Hardware / Re: Can I trust bitmain-alliance.com to purchase some machines?? Thanks on: November 06, 2017, 12:14:32 PM
But I didn't know it's so difficult to get thouse machines.

It is difficult to get machines when mining becomes more than marginally profitable.

I have always bought from Bitmain directly, though you need to wait for availability. I even used some unwanted BCH to order some S9's from them very (they stopped accepting BTC) recently though they have not yet shipped.
37  Bitcoin / Bitcoin Discussion / Re: how long have you been holding for? on: November 06, 2017, 12:04:23 PM
Based on the last time I sold: less than 24 hours
Based on the oldest coin in my stash (assuming LIFO queue): 7 years
38  Other / Meta / Re: Pain in the .... clicking Pics before logging in on: November 05, 2017, 11:38:18 PM
I have to say that these captchas don't work too well on spotty mobile connections - think commuting in an underground subway where there is only internet connectivity at station stops but nothing in between. Needless to say, the other day it took me 7 station stops (25 minutes) to login on my phone because the train did not stop long enough at each station for me to finish the captchas. And somehow I had to start over each time the connection was broken.

39  Bitcoin / Bitcoin Discussion / Re: "Everyone already knows about bitcoin" no.. no they do not.. on: November 05, 2017, 11:22:43 PM
The population ratio of people that know about bitcoin to people that know about bitcoin is 70% to 30%. So many people are not aware of bitcoin and it's earnings.

That does not make any sense at all. Your math and logic are fail.
40  Economy / Speculation / Re: CME and CBOE to List BTC Futures on: November 04, 2017, 02:21:42 PM
So can you point me out about how that way can control the bitcoin price? Can you give me the more explanation?  

Probably in the same way that the price of gold is manipulated through gold futures and ETFs. Basically if TPTB want to suppress Bitcoin's price they would trick the public into buying paper BTC (instead of actual BTC) while they sell the underlying that they have previously hoarded at a lower price.

This could happen if, for example, BTC futures became more accessible than actual BTC to the general investing public. The average InvestorJoe is more comfortable buying a futures-based BTC product through his BAML/Schwab/Fidelity/etc. brokerage account than opening a BTC exchange account at some incompetent startup that is not SSAE16 audited for compliance in protecting customer data. When the current crap exchanges talk about compliance they only think within the scope of AML/KYC compliance, which does not cover the protection the customer's private data at all.
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