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May 27, 2024, 09:23:24 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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2021  Bitcoin / Bitcoin Discussion / Re: Canadian Government Decides -- Bitcoin is Hands Off -- No Real Regulation on: June 22, 2015, 01:32:35 PM
Careful now, with Bill C51 the pigs can threaten you to give them all your wealth or imprison you for life just by claiming you are a terrorist..
2022  Bitcoin / Bitcoin Discussion / Re: Bitcoiners on: June 22, 2015, 01:06:58 PM
I have a friend with over 10k worth in BTC.. don't want to go into specifics.. Pretty sure he doesn't even know what a public/private key look like.

He seems to be a type that doesnt care about it and only wants to get a profit incase bitcoin price goes up. This could be dangerous for him if he hast no interest to secure his own bitcoin.

Question, how did he make up his mind for 10k BTC investment in the first time? Someone who convince him to take investment of 10K BTC should be responsible to teach him to secure his coins as well

He got in when it was at $5.  He told me about it when it was at $70.. OFC I waited until it hit 1200 to do anything.  Kind of funny how that works.. now I know more about it then he ever will.
2023  Alternate cryptocurrencies / Altcoin Discussion / Re: High-risk, high-reward: Dogecoin and Bitcoin on: June 22, 2015, 12:59:34 PM
The doge is #2.. forget this silly Market cap bs.

I think it is an important discussion to have.

I think so as well.  Most people that have heard of bitcoin have heard of dogecoin and not litecoin.

Doge's minimum payout allows for very small sending fees thus making it more of a spending currency IMO while bitcoin is like gold a holding currency.
2024  Economy / Speculation / Re: back to 220 tomorrow time to sell is now on: June 22, 2015, 12:47:07 PM
Oh boy, who would have expected that... a dead cat bounce, what a surprise LOL...



Why don't you scroll that chart back 3 more days??

A dead cat bounce doesn't go 230 > 253 > 245........

noob.
2025  Other / Off-topic / Re: Game of Thrones "John snow" on: June 19, 2015, 07:59:37 PM
I'm not sure where you got that Jon is a Targaryen

It's pretty obvious.............
2026  Bitcoin / Bitcoin Discussion / Re: When 21 million coins have been mined. on: June 19, 2015, 07:47:16 PM
We will all be long dead.
2027  Economy / Speculation / Re: My prediction for June has proven correct on: June 19, 2015, 02:57:41 PM
That seems pretty legit..
2028  Economy / Speculation / Re: Who will become a trillionaire first: Bill Gates or Satoshi? on: June 19, 2015, 02:54:36 PM
The rothschilds familiy wealth is around 500T...

Sooo ya...
2029  Alternate cryptocurrencies / Altcoin Discussion / Re: High-risk, high-reward: Dogecoin and Bitcoin on: June 18, 2015, 07:45:56 PM
The doge is #2.. forget this silly Market cap bs.
2030  Alternate cryptocurrencies / Altcoin Discussion / Re: Anyone out there completely control all of a coin? on: June 18, 2015, 07:43:59 PM
I hold around 8% of a specific coin, muhahahahhaa.
2031  Bitcoin / Development & Technical Discussion / Re: 60% of hashrate including 2 major exchanges agree to raise block size to 8MB on: June 18, 2015, 07:34:54 PM
20MB is way to much of a jump.. the Blockchain is already very large which prevents people from running a full node.  This is just kicking the can down the road.. we should not think of this as a fix to the problem.  We are suppose to be better than the central banks.. I am on board for 8MB but after that we need to stop the idea of just kicking the problem to our children.

They have added pruning to the latest release.  That reduces the amount of disk space required to run a full node.  It stores at least 288 blocks or 500MB, whichever is larger.  At 20MB per block, that is 5.7GB.

I was under the impression this would make it difficult to follow transactions from the begining?
2032  Bitcoin / Development & Technical Discussion / Re: 60% of hashrate including 2 major exchanges agree to raise block size to 8MB on: June 18, 2015, 06:39:46 PM
20MB is way to much of a jump.. the Blockchain is already very large which prevents people from running a full node.  This is just kicking the can down the road.. we should not think of this as a fix to the problem.  We are suppose to be better than the central banks.. I am on board for 8MB but after that we need to stop the idea of just kicking the problem to our children.
2033  Bitcoin / Bitcoin Discussion / Re: From 370,000 Full Bitcoin Nodes to 6,000: What happened? on: June 18, 2015, 06:27:36 PM
It seems to me that there needs to be a distinction between "running a full node" and running Bitcoin Core.

There may have been 370k people running Bitcoin Core, but how much benefit were they providing to the network? Running Bitcoin Core long enough to sync the block chain and send some bitcoins or view your balance provides very little benefit, especially if you haven't opened port 8333.

If you have over 8 connections one can assume that port is open?
2034  Bitcoin / Bitcoin Discussion / Re: We should all go see a movie with bitcoin!! on: June 18, 2015, 03:30:56 PM
Sadly I don't see any cinema in my country accepts Bitcoin for movie tickets.

Does anyone read or just type what ever they feel like...
2035  Bitcoin / Bitcoin Discussion / Re: Permanently keeping the 1MB (anti-spam) restriction is a great idea ... on: June 18, 2015, 01:08:54 PM
We obviously need a bigger block size if we want to challenge the big payment electronic systems. My main concern is that the people running nodes could be severely decreased due the blockchain being bigger than ever.

This is my issue as well.  If the blockchain.. when the block chain reaches 1 TB.. there will be issues with everyone running a node..

IT would appear the size of the blockchain is out pacing the upgrade in harddrives...
2036  Economy / Speculation / Re: back to 220 tomorrow time to sell is now on: June 18, 2015, 12:49:39 PM
Incorrect again, I must say fallin was way better at calling the next fall in price.
2037  Bitcoin / Mining / Re: Covert Mining in "Ant Hole" on: June 17, 2015, 08:11:44 PM
This is one of the Worst idea's in the long, sad history of bad ideas.....

It's not that terrible.. well.. actually..

That dust is like GG for the miners... sooooo.. maybe it is lol.
2038  Other / Beginners & Help / Re: need some knowledge and information about mining on: June 17, 2015, 08:09:04 PM
Buy an ASIC.

Perhaps one from Kijiji:

An S1, S3 or S5 from Bitmain.. anything from Bitmain actually.
Anything from Rockminer
Anything form spondolies.

Those 3 are highly trusted ASIC makers.



As for the stolen comment, remeber this statment please it is the most important you'll ever remeber when dealing with crypto.

"If you do not have full control over your private keys your bitcoins are not yours"
2039  Bitcoin / Mining speculation / Re: Is My Electrian Overcharging on: June 17, 2015, 08:05:00 PM
I also agree with just go with 400 AMP service.. why not if you are already undertaking all of this.


400 AMP

DO ITTTT
DO IT
2040  Bitcoin / Mining speculation / Re: Is My Electrian Overcharging on: June 17, 2015, 08:03:23 PM
Hi I am looking to have 38 total miners (already in my possession) and a total of 24Kw of power to my shed to run this. My brother will have the same number of miners but in his shed 100ft from my shed
 Here is the work the Electrian I s doing:
Upgrading the power at my house from 100amp service to 200 amp service
Running wire 150ft to my shed (trenched)
Installing a new panel
Providing me with 45 separate outlets to plug the miners into
Running the wire an additional 100ft (trenched) to my brothers shed
Installing a new panel there
Providing him with 45 outlets

Total for all this work is $4500

Seems reasonable to me considering the price of copper and the fact he's trenching etc... Thoughts? Too much? Good price? Thanks.

$4500 seems just fine.  It's a lot of freaking work.. a lot.

If he is providing the panel very logical if not... I dunno.....  Still not too bad it's a lot of work.
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