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20261  Bitcoin / Bitcoin Discussion / Re: Solution to the high transaction fees at Bitcoin? on: September 04, 2016, 11:55:25 AM
Thats true, Andreas Antonopolous said many times "the other 3 billion people", that refers to banking services in asia and africa.
Problem is, this fees are really high for them.... for one time big money tranfers fees are low, but day to day use would be problematic.

Gambia wont Ever use bitcoin. 1tx fee of 0.0001 is half an hours minimum wage labour
Kyrgyzstan wont Ever use bitcoin. 1tx fee of 0.00016 is an hours minimum wage labour
bangledesh wont EVER use bitcoin.. 1 tx fee of 0.00015 is an hours minimum wage labour
Georgia wont Ever use bitcoin. 1tx fee of 0.00012 is an hours minimum wage labour
Cuba wont EVER use bitcoin. 1tx fee of 0.0001 is over an hours minimum wage labour

uganda wont EVER use bitcoin. 1tx fee of 0.0001 is SIX hours minimum wage labour

but there are many corporation lovers who think that bitcoin should be the tool of the western corporate world where a $5 transaction should be deemed "spam", simply because they want to push people away from bitcoin. for other 'solutions' that include third party managed networks
20262  Bitcoin / Bitcoin Discussion / Re: What other invention besides the blockchain/Bitcoin was invented by an anonymous on: September 04, 2016, 03:19:31 AM
fire
the wheel
the first cows-milk drinker
bread
beer

no one knows the names of who done it first and shared their knowledge with the world
20263  Bitcoin / Bitcoin Discussion / Re: wondering !!! Bitfinex kept half of them Bitcoin in MTGOX on: September 03, 2016, 01:34:01 PM
message from 2013 from bitfinex to a customer explaining half of bitfinex reserves were on MTGox

20264  Bitcoin / Bitcoin Discussion / Re: Falcon 9 exploded is there those 24 bitcoin satellites on board? on: September 03, 2016, 01:13:46 PM
elon musk is happy. he has got his money back x3 thanks to reusing the rocket and also the insurance
zuckerburg is happy. he has got his money back x2 thanks to "charity status" of the donations and also the insurance

good old capitalism
why build a vehicle to just sell.
when you can rent it and insure it. get your returns and then blow it up to double your money

but dont worry elon has a backup rocket (courtesy car) to avoid any disruption

lesson one.. dont turn the engine on when filling the gas tank... unless your looking to claim on the insurance for a free upgrade
20265  Bitcoin / Bitcoin Discussion / Re: This Ice Dealer who Brings Ice back from Singapore is Anti Bitcoin on: September 03, 2016, 01:18:53 AM
ok "ice" as in drugs.
ok now we are getting somewhere
so let me grasp your ramblings
so your saying some butcher from australia is also some drug dealer that poked/liked/commented you on facebook,

im guessing you wanted to buy some drugs off him but he declined to accept bitcoin as payment? and now your on a rage because you cant get the "ice" you were hoping for because he doesnt accept bitcoin.

so how is a butcher with a side business of dealing drugs who apparently by your rambling is not into bitcoin.
related to Autumn Ratke. financial business woman trading bitcoins for linden dollars who commited suicide 4 years ago after a bad financial investment (bitcoin price tanked)

i also dont think that you using her photo as your profile is in good taste.

but please explain yourself better to show you atleast have some real links.

edit:
lol now you have met a rothschild..hmmmm
ok im guessing your hallucinating.

im thinking that your admissions you have been in jail, been looked at by singapore detectives and know the price of ice. along with your random comments really doesnt dis-prove the fact your obviously high right now, as you seem to be "deep" into the drug culture.

 but please atleast sober up and explain something more realistic
20266  Bitcoin / Bitcoin Discussion / Re: This Ice Dealer who Brings Ice back from Singapore is Anti Bitcoin on: September 03, 2016, 12:53:30 AM
your not making any sense again tonight.. i know your probably high again and have something on your mind that you think the world needs to know. but atleast wait until your sober to explain yourself. atleast try to explain the whole story, try to explain what happened and who it happened to. because all we can see is that your talking to yourself about a topic you cannot explain.

even the link to a person in your OP, seems to be a guy in the meat trade living in australia..so whatever your trying to say has no context.

i know how ur just going to rant on about random topics for atleast 5 other topics tonight. but try to concentrate and explain your rants..
20267  Bitcoin / Bitcoin Discussion / Re: Is this the end of Bitcoin Encryption? on: September 02, 2016, 10:10:53 PM
when the inventor of D-wave cannot show any real world results, eg what D-wave has already done over the last 9 years of expansion
when they say D-wave is 500,000x more faster than it was 9 years ago, but uses the analogy of a 1mph donkey vs 2000mph jet (yes 2k not 500k).
where the only usecase they can think of is fiction of parellel universes that no one can see themselves and have to blindly trust 'reports' of D-wave..

all in all it sounds like it has never done anything and wont do anything
they cant even grasp reality to talk about REAL results or potentials.
just the wishy washy blackhole theory of time travel, worm holes and alternative universes.


its almost like all them Nasa images of far away planets where they show computer 3D art of oceans and land on other planets.. but the real science 'results' is just a spectral range of infrared that is close to the same spectral range that earth sits at. and nothing like the 3D art they publish as their 'findings'

all in all im not worried. i dont think D-wave will do much real world work. and just wasted on 'science theory' that cannot be proved and thus only stands as fact because no one else has the same tech to debunk it

if only the video talked about gene mapping. or calculating the best drug combinations to fight and cure cancer/hiv.. then i would have thought D-wve was a real thing... not the alternative universe theory the guy wants to waste time on that cant be proved or help or be useful

i think "theoretical physicists" should never get anythink more then mimimum wage.

20268  Bitcoin / Bitcoin Discussion / Re: When will banks stop pumping "blockchain technology"? on: September 02, 2016, 04:12:46 PM
they will turn full circle once they relise they cant kill it and that most people are ignoring their shit block chains and there shitcoins....... Grin

banks and governments have laws such as minimum wage, tax laws, court fines which will keep banks 'token' in circulation for the majority of people.
even laws involving loans, stocks, shares are also designed to keep fiat useful.
people wont ignore their 'shitcoins' because people will need to convert bitcoins to 'shitcoins' to pay taxes and repay loans/court fines.


I feel like there is a big war about to start in the next of years. The banks will not want to be subjected to collaborate and adapt to the new bitcoin reality, its not going to go like bitcoin becomes the world currency, there is too much ego in countries, nations and banks wanting their own currency to use it in a way they feel like using it.

there wont be a war. there will however be large "admin fee's" where tax/courts will charge extra to convert bitcoin for their shitcoin to accept it as a payment. hoping it will make people not want to use bitcoin.. like i said not a war, but an acceptance and profit grab, while trying to take popularity away from bitcoin as the underlying desire.

There will be government closed source currency, and then bitcoin as an alternative to escape this government Orwellian nightmare.

The clash of both currencies will not be nice. It will be a war and they will use everything they can to crush Bitcoin. Hopefully, by then Bitcoin is too fungible, anonymous and decentralized for them to attack it.

you wont be able to completely escape government shitcoin. even if you hide how much you receive on bitcoin. governments can still spot a nice car and house you own and 'sanction' you to pay XXX shitcoins, threatening you with court action to prove your income by explaining how you can afford such luxuries without having what appears to be any shitcoin income.
but as i said it wont be a war. it will just be a new revenue stream and profiteering method from banks. infact the government does not even need to change any laws that currently exist, to achieve this. and people already (sheepishly) accept it as the norm and not a 'war'

Which is why we must keep the blocksize rather small to keep making the 1-node-1-person viable, otherwise we are screwed. As soon as datacenters are the ones that can run nodes, there's nothing to do but submit to the government's will as they control of Bitcoin.

now this statement i just quoted is just a "exagerated doomsday". i am still laughing that many think 2mb blocks=datacentres.. yet even core are now saying that 4mb=raspberry Pi safe. so chillout trying to sell your doomsday scenarios..

bitcoin doesnt need to 'keep the blocksize rather small' but does have to stop being stupid to think it needs to be 5000x larger in 2 months..
bitcoin can grow at a natural rate.

however moving bitcoin users into a system where the only way (no choice) is to use lightening networks/centralized sidechains. then bitcoin will become no better then banks.

again no need to push datacenter doomsday of 5000x capacity increases in the next two months, as a reason to move people over to third party management in lightening hubs or 'liquid' sidechains

in short
we dont need to worry or care about what banks are using for their closed door accounting system/ledger.. we just need to make sure we dont turn bitcoin into the same crap by going into third party management as the only "capacity" solution, or as the only solution to be managed by banks to avoid court action.
20269  Bitcoin / Bitcoin Discussion / Re: When will banks stop pumping "blockchain technology"? on: September 02, 2016, 02:50:28 PM
they wont.
banks only exist if they are the sole 'middleman'.

its not going to be as simple as letting banks be a bitcoin Lightening Network Hub, banks want to not only be the sole middleman but also be the ones involved in the money creation too.

they cannot survive by taking say 0.01% tx fee for every LN usage, even if an average banking stat is bank customers use banks 42 times a month, which equates to 5% a year.

they want more.
EG
5%/year from loans,
5% from defaulted loans(selling loan contract to debt collectors).
where the original funds that created the loans dont come from banks 'holdings' but from (zero cost) money creation.(imagine it like a POS block reward that keeps a banks reserve address at 9x the banks holdings)

banks will want their own 'token' to have all the advantage. but use the distributed database across many branches purely to make their internal security cheap by sacking lots of security staff and preventing internal fraud from employees.
but to bank users, they wont see or care or notice any differences. so banks wont be able to compete against bitcoin from a users prospective of sole ownership and no default requirement of third party authorisation that bitcoin offers.
20270  Bitcoin / Bitcoin Discussion / Re: Your help appreciated - what was it that HOOKED you on Bitcoin? on: September 02, 2016, 01:27:41 AM
i read the code and seen it as legit. (does what it says on the tin).
done some trading to make some bitcoin..

but the ultimate hook. was when i made a transaction to a fast food restaurant, and within 35 minutes there was a knock at my door with the nice smell of food getting delivered. i then knew it was real and useful and had lots of potential.

in my eye, even altcoins that just "do what they say on the tin" are not worth anything if you cant buy anything in the real world with it.
20271  Alternate cryptocurrencies / Altcoin Discussion / Re: Mass Network to Offer Bitcoin-Based Solution to Online Advertising on: September 01, 2016, 06:52:33 PM
Hmm. An upgraded brave like application. This is cool. The best part would be they will be helping each other and that is a good sign IMO.
could be bitcoin killer app, who knows, time will tell. Good that people work in this direction.

its got nothing to do with bitcoin..
20272  Alternate cryptocurrencies / Altcoin Discussion / Re: Mass Network to Offer Bitcoin-Based Solution to Online Advertising on: September 01, 2016, 06:05:45 PM
another altcoin(edit: technically an internal token), that is not bitcoin. trying as much as it can to pretend its linked to bitcoin, purely so it can grab some ICO (premine) investment by grabbing onto bitcoins fame..
in short a pump and dump oppertunity..
if only these altcoins/central internal tokens actually concentrated on the business/usage of their 'coin' long term. and not the premine pump by exaggerating what it actually is..

we all know that an advertising platform to rival googles adsense would be great for the crypto ecosystem. but this 'masscoin' seems to be concentrating more on the premine pump and dump, rather then the long term usefulness..

as for saying they control the price.. then i guess that makes them just another centralized onecoin scheme where there is only one centralized exchange to buy and sell these premined coins..

all in all.. i see it as a flop.

edit
after checking the links of the article and seeing the source and conversations...
https://www.reddit.com/r/Bitcoin/comments/50he2a/bitcoin_superteam_creates_mass_a_blockchainbased/d74kbw7
"The reason we need the internal system of money is also very simple. We are trying to create a stable marketplace. Look at nations. What do they do to protect the local market? They restrict both goods and money flow across the border. We are creating the border. And borders are good. Smiley"

seems its an "internal" system of money..
now the alarm bells are ringing. because its not a true decentralized ledger, not a user having sole/full control of their value, not an open network where anyone can make their own exchange...
its sounding more like a onecoin scam with just an adsense faucet added to hide that its a onecoin scam.

i read the website and all the details and in short. i cannot see it lasting
the advertising concept is compelling.. 
but the centralized token, ICO presell, seems to make it just another fluffy poster for a pump and dump. and the longterm view of the advertising scheme doesnt seem sstainable.

for instance say an advertiser wants details of users aged 18-35. they can make an offer for $0.0001 per user..
then separately and away from 'mass'.. they can sell that info to 100 other advertizers for $0.0001 per user(making 99x profit). meaning the user only gets $0.0001 from mass. but now the advertiser is getting $0.01 for that users data sold privately. and now that user is getting spammed by 101 companies and not earning any funds from the spam.

meaning the user gives up because he doesnt want to have to click on 1000 adverts to earn 10cents and get 100,000 spam emails due to it.
20273  Bitcoin / Bitcoin Discussion / Re: Official bitcoin logo on: September 01, 2016, 04:43:42 PM
feel free to be creative and think of where/what the logo is going to be used.



you also asked for something more 3D




(dont critisize, it was just a 2 minute example)
20274  Bitcoin / Bitcoin Discussion / Re: Official bitcoin logo on: September 01, 2016, 10:40:58 AM
there is as others have said no official logo

all that matters is the BTC,. how its decorated does not matter.

most people treat the 2 images in OP as the 'main' ones because they are the ones used most.

this has nothing to do with being official, but more to do with people not being creative/inspired to make something themselves. feel free to design your own logo. try to make it surfing/sport/water related to atleast become a surfing brand for bitcoin

EG water is blue, so

20275  Bitcoin / Bitcoin Discussion / Re: How Bitcoin was brought down by its own potential—and the banks !!! on: September 01, 2016, 09:34:16 AM
banks using blockchain technology is meaningless
this is because how the data is saved behind closed doors is meaningless to people outside of the door. those outside of the door will still rely on those inside the door.
it wont matter if its mysql, levelDB, single or several copies or blockchain... from an outsiders prospective they wont see any difference.

what matters is who has authorization to move funds.

bitcoins premiss and promise is only the user(holding a private key) can move funds

the only thing that i see that will bring bitcoin down is if bitcoin becomes centralized requiring third party authorisation as the only way to move funds
EG
lightening network can be a useful tool because multisigs allow 'hubs' to treat a payment as accepted instantly just by a customer and hub signing over funds (both agreeing who deserves what)..
the issue however is those funds are already locked into a multisig, which a 'hub' also has authority over. meaning lightening networks are just like banks. they need the bank(hub) and customer to 'authorise'/sign funds movements together. and if lightning network becomes the only method of bitcoiners transacting.. then its no better than a bank..

another example of centralizing bitcoin users..
moving funds/value to a centralized sidechain eg  'Liquid' . which exchanges have authorisation to move..

i say this while actually wanting something like lightning network.. but just as a free open option to use voluntarily. and not as the main/only way to spend bitcoin. we should not rely on LN or sidechains as the 'capacity' solution.. but think of it as more of a secondary option/choice.

other things like sidechains(taking popularity away). and centralized services(third party authorization) are what we should worry about more. not whatever banks are doing behind closed doors.

let banks play with their closed off databases. but lets concentrate on keeping bitcoin decentralized while increasing onchain capacity so that more people have SOLE control of their assets
20276  Bitcoin / Bitcoin Discussion / Re: Bitcoin Double Spend on: August 31, 2016, 03:48:36 PM
I didn't consider that possibility. Then I agree that sending funds to oneself makes sense for a merchant if a transaction has small or no fee attached (for the sake of getting faster confirmation times). But is it worth doing if the merchant can just request at least one confirmation by the blockchain, thereby making it entirely the buyer's problem (whether he pays the fee or not)?

Most exchanges require at least three confirmations to credit funds to a trader's account

ofcourse waiting for atleast 1 confirm is the ultimate goal.  but exchanges that has offered nothing upfront can happily continue offering nothing until its confirmed..

but how many times have you gone to a restaurant. or a bar.. where you have set a bartab for the evening. and once you have ate the food and drank the drinks. you want to pay.. do you then see the merchant still happy to wait 6 hours for it to confirm..

in some cases if a customer 'mistakenly' sends a zero confirm on a trade that cannot wait around for hours. then its right to try to increase the odds the transaction would get accepted sooner and in the merchants favour.

my point is that CPFP is not a negative. (countering dannys 'bad idea') opinion.. but its not a guaranteed 100% double spend cure either. some merchants wont bother or care for CPFP, bt sometimes some trades are time sensitive
20277  Bitcoin / Bitcoin Discussion / Re: Bitcoin Double Spend on: August 31, 2016, 02:02:57 PM
So, it means that the merchant wouldn't be able to make another txn with the bitcoin that I gave him until unless there is at-least one confirmation..?

They can, but it would be a very bad idea.  Since your transaction might disappear and cease to exist, then if they choose to spend your transaction, that means that their transaction might also disappear and cease to exist.

kind of..
but what danny is describing as 'bad' is actually CPFP child-pays-for-parent. a future mining pool feature that prompts a mining pool to push the first transaction into the next block by raising the first transactions priority because the second transaction has a generous fee to so that both transactions to be deemed high priority.

CPFP is 'supposedly' meant to attempt to help merchants who receive funds with 0 fee(low priority), to then 'spend' that unconfirmed tx to another address they also own by adding a fee which is enough to make the first transaction a priority and 'hopefully' get the first tx into the next block before the customer tries to double spend.

the downside is that the customer can also use CPFP to do the same thing and pay themselves (double spend) using the exact same tactic. so CPFP is not a guarantee to prevent double spends. but atleast allows a merchant an oppertunity to raise the priority to speed up which block it will get confirmed in, to reduce the chances of a double spend.

but as i said the customer can do the same thing. so its still a case of fastest first and highest fee first wins

If he can do the same thing, then this whole effort is meaningless. If the customer is not going to make a try at double-spend, this would only incur additional expenses (time and money wise), and if he does try (he will obviously try what's best to get there), this as you said won't change a thing

kinda..

at the moment (without CPFP active) if a customer sends zero fee.. a merchant has no tool.. and just has to wait for the tx to get accepted, more often then not tx with zero fee's end up getting dropped off the mempool and forgotten due to not being accepted into a block after many hours.
so at the moment merchants have a 3% change of the tx getting confirmed.

however CPFP makes it high priority.. again not a guarantee the merchant will win the double spend fight against a customer.. but atleast makes it now a 50% chance(more of a fair fight). it also means also knowing the result of winning or losing a double spend fight within 10minutes-1 hours, du to the priority increase each side is fighting.. instead of many hours just sitting there hoping the customer isnt gonna try anything.

all in all a merchant can send funds to himself to prioritise a tx to increase chances and reduce delay of it getting confirmed.., but as danny said, trying to spend an unconfirmed transaction to a third party is silly as its just adding another person into the mix of people that are at risk and could end up getting annoyed should things not go in their favour

20278  Bitcoin / Bitcoin Discussion / Re: Bitcoin Double Spend on: August 31, 2016, 01:33:03 PM
So, it means that the merchant wouldn't be able to make another txn with the bitcoin that I gave him until unless there is at-least one confirmation..?

They can, but it would be a very bad idea.  Since your transaction might disappear and cease to exist, then if they choose to spend your transaction, that means that their transaction might also disappear and cease to exist. 

kind of..
but what danny is describing as 'bad' is actually CPFP child-pays-for-parent. a future mining pool feature that prompts a mining pool to push the first transaction into the next block by raising the first transactions priority because the second transaction has a generous fee to so that both transactions to be deemed high priority.

CPFP is 'supposedly' meant to attempt to help merchants who receive funds with 0 fee(low priority), to then 'spend' that unconfirmed tx to another address they also own by adding a fee which is enough to make the first transaction a priority and 'hopefully' get the first tx into the next block before the customer tries to double spend.

the downside is that the customer can also use CPFP to do the same thing and pay themselves (double spend) using the exact same tactic. so CPFP is not a guarantee to prevent double spends. but atleast allows a merchant an oppertunity to raise the priority to speed up which block it will get confirmed in, to reduce the chances of a double spend.

but as i said the customer can do the same thing. so its still a case of fastest first and highest fee first wins
20279  Economy / Service Announcements / Re: MOVIE LOVERS: Now you can watch your favourite movie with BITCOIN on: August 31, 2016, 04:38:25 AM
lol
seems its someone from the UK is trying to charge for something many can get for free
even buying a TV licence and a sky subscription works out cheaper than what the OP is advertizing

google gives it away for free..
just search "ipTV vlc"

oh well OP, seems you havnt really thought about pricing your bait at a very low cost just to cover the 2 milliseconds it takes to spam a mailing list of people a link to the m3u file every week.

seems you havnt really thought about pricing your bait at a very low cost to atleast tempt people into it.. afterall... why do you think people want to use IPTV in the first place (hint: avoid mainstream costs of subscriptions)

i prefer using Kodi(XBMC), which has gained popularity and has a good dev-team that open sourced and FREE..
20280  Bitcoin / Bitcoin Discussion / Re: The need for a Bitcoin Media Group on: August 30, 2016, 11:18:54 PM
The voting system can be manipulated by a group of shills, and that would sabotage any good news coming from this platform. I support your idea, because I support competition and unbiased reporting on different matters. Once these power house media outlets starts to dominate the scene, we might see some censorship, which will not be beneficial for the community. ^hmmmm^

well if people deem 7cents-14cents as an acceptable spam resistance amount for bitcoin transactions. then possibly making something like a pay to vote system may scare some shills away and also bring in a revenue stream for the writer and the website.

most mainstream media charge $3.50 a week, but like many things there are only ever 5-15 good articles worth reading a week. so charging maybe $1 to allow people 5-15 'thumbs up' votes could be both a good revenue maker while also keeping shills from making 1000 bogus accounts.

EG
free to read,
no ongoing subscription.
just pay upfront for say 10 vote 'credits' and use them whenever you like even if its just 1 article a month.. and then just buy more vote credits when you run out.

that way its not a barrier for entry. anyone can read and use the site and most of people wont pay. but those that do want to care about content and pay for good content can

anyway its just an idea
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