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20301  Bitcoin / Bitcoin Discussion / Re: Baidu Stops All Bitcoin-Related Advertising on: August 26, 2016, 02:14:21 PM
i just used baidu and when searching for things related to bitcoin, i found them.
so users wanting to learn about bitcoin still can, the search function has not been affected.

the only issue i see is the baidu version of adsense being affected, which means faucets getting affected.

this is not a big deal because advertising usually only works by showing people what they are already interested in.
this means its not like bitcoin advertising was doing much to get new people to see bitcoin adverts, but just showing adverts to people already having browser history and cookie data that reveals a pre-existing interest in bitcoin.

to me i do not see it affecting bitcoins popularity or growth one bit, (apart from a few facuets dropping off)

i feel the reasons behind it are due to faucet raiders with fake clickbait webpages that dont earn baidu real revenue, and also alot of the adverts trn out to be scams and ponzi's.

all in all i dont see it negatively hurting bitcoin and dont see it as big news
20302  Bitcoin / Bitcoin Discussion / Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin on: August 26, 2016, 09:38:30 AM
The primary reason behind a higher block size limit is increased user adoption, which will lead to a higher price point, ergo greed. Why should we change to fit the greed of certain companies?
green writing = benefits EVERYONE, Users included
red writing = twisted opinion based on laudas misinformation

lauda.. you're failing miserably.. what the hell has on-chain capacity and popularity growth got to do with companies greed.
if bitcoin gets more popular EVERYONE benefits.

its sidechain solutions that are corporate centric, not on[bitcoin]chain solutions. because low on[bitcoin]chain capacity is not good for users both for cost of use and also how many can use it efficiently. however sidechain solutions are not good for bitcoin as a whole. because if its not on[bitcoin]chain. its not bitcoin

it really makes me laugh how the fanboys of centralizing and corporatizing the code that is slowly becoming less open to random individuals, are trying so hard to brush all their corporate desires into some weird tale that its others that want corporate dominance, not themselves.

its like facebook telling everyone myspace is a corporation and facebook is a open platform. just to convert everyone over to facebook. to then make the facebook corporation billions of profit at the expense of their users experience and freedoms

its time they wake up and realise which bed they have been sleeping in
20303  Bitcoin / Bitcoin Discussion / Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin on: August 25, 2016, 10:54:20 PM
if the debate is about nodes not fully validating.. seems core needs to answer a few questions too
core route:
old clients not fully validate segwit tx or segwit blocks
segwit allows no witness mode to limit clients by not validating transactions
segwit allows pruned mode to limit clients by not validating historic block data
seems not all core nodes will be full nodes either

if the debate is about blocksize.. seems core needs to answer a few questions too
4mb for core vs 2mb for other implementations
seems core wants to be known as being "big blockers"

if the debate is about hardforks.. seems core needs to answer a few questions too
luke-JR: "Using blockmaxweight prematurely may result in blocks larger than 1 MB being created when you later upgrade to 0.13.1, and the network today is not prepared for such larger blocks. Instead, continue to use blockmaxsize and reevaluate the network situation when 0.13.1 is released."

kind of funny that as luke JR points out an issue with core, (while he is still part of it) yet the other corporate paid devs want to shut him up
seems the REKT campaign against Luke-JR has begun
https://www.reddit.com/r/btc/comments/4wc9a0/heated_discussion_in_bitcoincoredev_gmaxwell/

seems the bitcoin-core devs are ready to throw more people off the bitcoin bus if are not following the centralized roadmap

i now expect the usual trolls to not link discussions. not state statistics, numbers, data, to rebut the contents of my post.. but just ramble on a personal attack with multple insults that lack any factual detail or explanation. purely because of blind ignorant devotion to core.

have a nice day
20304  Bitcoin / Bitcoin Discussion / Re: BFX Tokens Issued, Bitfinex decides on Generalized Losses on: August 24, 2016, 07:23:41 AM
once bitfinex starts using new users funds to try covering old balances(in the form of tokens).. automatically its a ponzi and things get nasty

I can see that token price going up pretty high if they do it right and make a market for it.  People now have the ability to invest in finex which is the best exchange like it or not.  Finex might not actually push for a deal with investor before they have to issue token and give back 100% to keep people out of being share holders.  Its makes them work, i like it.
Sadly however this offer isn't being extended to US residents.  Essentially punishing residents of the states and providing no other option that I can see thus far other than redeeming at present value.

bitfinex should have IP banned US citizens ages ago, they cant let US citizens in and then pretend they dont exist later. this by no means protects bitfinex from court action, by only having restrictions after the fact.. those restrictions would need to be inplace long ago.

its much like doing nothing at a gas station to check the person is over the age limit to buy alcohol.. by having a no-check policy and serving them the store is accountable in court. the store cant plead ignorance later when things go wrong for the store and say its the underage kids fault.

sorry but bitfinex legally and morally has to make US users whole just like anyone else. the only possible way they could avoid a US lawsuit was if bitfinex already had a ID check policy that turns US customers away and it was the US customer that 'lied' by saying he was say european.. then the US customer cant go to court....
but funnily enough if that was the case where a customer 'appears' as european.. then bitfinex still need to honour those debts/people internally(via tokens and recovery plan..) because technically the user is signed in as european, not american. (catch 22 for bitfinex)

so i cant see how bitfinex can blankly not honour any customer, because they obviously didnt blankly say no to the customer using the service in the first place
20305  Bitcoin / Hardware wallets / Re: Importing OPENDIME Private Keys (Paper Wallets too?) to Other Wallets on: August 24, 2016, 06:59:22 AM
before you break the seal/clip in the middle, opendime acts like a bearer bond. a watch only address to see the balance so that whoever handles it can see how much value is stored.. and able to add more funds to..

as long as the seal/clip is not broke getting the private key is not straight forward(not usually possible without a hack) which is the point. its not meant to be used as a hardware wallet for multiple things.. its meant to lock in ONE private key to add funds publicly as much as you like.... but only spendable once

the point of the opendime is not to sweep the key out, move funds and then reuse that key/opendime again.
its a one use device

if you want things like multiple uses and deterministic keys, then opendime is not for you.

however, i think that wallet/services should not limit the variety of privatekey/seed types they accept. but each wallet usually has a specific purpose and so they prefer to only handle certain private key creation methods depending on that purpose. and in cases where a wallet does have a specific reason. then its acceptable.(but we both agree it can be annoying)

in my view i would suggest using something like blockchain.info to sweep the opendime device and then move the funds to an address that you prefer by spending them to a destination address that is based on a private key creation method you do like.

its annoying. but then best security practices are that if multiple locations have a private key stored, EG opendime, followed by your computer when you copy and pasted, followed by blockchain.info.. its more safe to 'spend' the funds to a new key as the old key wold be considered compromised.

20306  Bitcoin / Bitcoin Discussion / Re: ICANN transfer to the UN effect on Bitcoin? on: August 23, 2016, 07:36:00 PM
if there was a port ban

within minutes everyone will have posted a new port number and instructions on how people can use console commands to change the details. and the end result is that there may not be a block in the next 10 minutes, but soon enough its back to business as usual.

im pretty sure those people running full nodes are active enough to respond quickly to such events and would only require a small alteration to work around the scenario the OP envisions.

the delay in broadcasting a solution would be much the same to the network effect of bitcoin blockchain data, as a pool just not solving a block in a reasonable time... effectively.

i have seen many days where blocks are not solved in the 10 minute average, for normal expcted reasons..  and thats pretty much the same (non) 'devestation' level ICANN could cause..

a few minutes of delay..
20307  Bitcoin / Bitcoin Discussion / Re: Is it possible to profit on Bitcoin escrow services? on: August 23, 2016, 07:17:06 PM
due to things like multisig being part of LN. i dont think it will be long until escrow 'services' are a thing of the past. people will start using LN in different ways to do the things like escrows but without the middleman. because code will take care of it instead

same with mixers.. LN hubs will take over that role too.

in short the chances of setting up a business to be a middleman is starting to become obsolete, because essentially thats why this technology was created, to get rid of fat cats charging fee's to hold/service our funds.
20308  Bitcoin / Bitcoin Discussion / Re: Are you, or do you know a charity, non-profit or organization? on: August 23, 2016, 10:37:53 AM
for instance Seans outpost. i have donated alot to them because the guy asking for the funds is the exact same guy making the sandwiches for the homeless.

Evidence please, post the transactions on the blockchain you sent to Sean's Outpost "alot". When dealing with snakes like yourself, proof is 101% necessary.

You're not going to rehabilitate your reputation with transparently self-interested Jesus pretenses, Franky, especially if it looks like you're lying or setting up fake stings
i was actually about to search my old wallets for the transactions back in 2014.. but then i realised i dont care what other people think of me and i know your trying to bait me into showing how much i have donated just to then say i am promoting myself for reputation reason by revealing it
(i spotted your bait, but did not go for it, sorry for ruining your ploy)

id rather know i fed people in need, rather then to feed your trolling. all that counts is that they are fed and i was happy to help

my mistake was to even tell you that i have donated and i should have kept that as my secret when using seans outpost as an example of good charities.

carlton banks you can try all you like to insult me. but the content of my messages mean more then who is saying it.
in short everyone should be awake and alert to those 'setting up projects' where the project is obviously going to involve a funds grab from the community aspect

expected rant of future posts by carlton, summerised now to save time and not let his troll drama waste the day away
carlton 'see he wont reveal anything'
me: 'i dont care, the homeless dont care, they have been fed, thats all that counts'
carlton 'but you said something and while arguing other need to be transparant your being opaque'
me: 'im not the one trying to 'sell' a project or asking for funds, dont have to and never will'

bla bla bla..
hope that covers all the carlton troll drama i presume he wants to cause.

all that matters is,
if what i have said has opened peoples minds to atleast check out those who seek to grab funds. then im happy
instead of listening to trolls who argue the opposite to try to keep people quiet like brainless sheep.

have a nice day
20309  Bitcoin / Bitcoin Discussion / Re: Are you, or do you know a charity, non-profit or organization? on: August 23, 2016, 09:58:50 AM
Why so cynical? There are plenty of local charities that get by on a shoe string budget and the efforts of its volunteers. They may not have the staying power of a global charity and may disappear during hard times, but they are there. Even though small charities may waste money, e.g. a local soup kitchen in my area spent a lot of money paying for parking ticket fines for their delivery van, but you can't even compare that to the wastage of the Red Cross.

agreed i prefer funding the actual local place that does the actual face to face helping of people.
for instance Seans outpost. i have donated alot to them because the guy asking for the funds is the exact same guy making the sandwiches for the homeless.

in my country (uk) there are food banks(managed by the trussel trust). i have donated lots of food to the local place and see it getting handed out to the locals in need. but would never donate money to the trussel trust HQ. the funny part is the local food locations actually pay in a fee TO the trust, just to be part of its membership.. this to me is not right.

im not cynical, i am just awake to the real world.
i help when i can either being positive to something genuine or calling out bullshit if not genuine. it better than just being a sheep that hands out funds to wolves just to pretend to have community spirit.

i just dont let funds leave my hand without knowing enough about where its going and how its been used.
and looking at the OP's reply.. they seem to be trying to set themselves up as 'middle men' handling and distributing funds,
We are just looking for groups that would benefit from a better way of control, management, collection and distribution

for a profit obviously because the OP intends to resign from real life work to get paid by the project.
I will not be reveling my real identity yet as I still work for a charity and would rather not lose my job (just yet).

in my eyes bitcoin charities dont need management executives dong "control, management, collection and distribution" as a separate task away from the 'front line'.. they just need the 'foot soldiers' doing the work for those in need and simple a method to convert bitcoin into resources that will help those in need, which the foot soldiers should be part of and making each of them accountable to each other.
20310  Economy / Trading Discussion / Re: Strategy / Technics to become a successful trader. Share Share Share on: August 23, 2016, 09:26:01 AM
Thank you franky1 for the tip i usually trade on crypto currency im practicing daily trading but keep failing. i was actually amaze by how you explain it thoroughly i was so impress upon reading and starting to realize that it is effective. what im usually doing is i put it on one order line and of course upon reading your tips and strategy i realize that i was wrong on. thanks franky i will continue following some of you tips if you still have one.  

just swap the $ example for a altcoin and the same applies.. i really emphasize my suggestion that you keep the profits as bitcoin and not to hoard the alts.
EG
buy alt 0.1btc=1000alt
sell alt 1000alt=0.101btc
buy alt 0.1btc=1000alt  (keep 0.001btc)

usually when an order hits put it straight as the 1-2% profitable order, that way you dont have to memorize or get confused what price it filled at because your handling it as it happened.

that way its easier to know the profits because you have put it there straight away, rather than not actively placing it to later not remember where it originally sold. also keeping a log of the orders or checking the trade history to ensure you are only putting orders in at profit, if your not always at the exchange all day

my numbers are not exact because trade fee's can vary. but just try to aim for 1% profit after fee's and calculations and dont waste time trying for 10% profits,you could stretch it to 2-5% if the daily spread volatility moves multiple times within say 6% variation .. but if the daily trades only move 3% then stick to a 1-2%, i would definetly suggest staying below the daily volitilty spread to give you many oppertunities .. DONT LET GREED OR DREAM PREDICTIONS control your choice, instead stay calm and rational taking little profits often instead of large profits waiting obscene lengths of time.

keep thinking to yourself 1% a day is 365%+(compounded) which is much better then 10-20% lump sum per year, on one order and greedily high gaps
keep thinking to yourself 1% a week is 50%+(compounded) which is much better then 10-20% lump sum per year, on one order and greedily high gaps

again even if you see volatility of 5%-10% a day stick to LOW profits and take it often, it soon adds up

lastly..
lets say you had 1btc. split it into 10x0.1 and got it into alt and then back to bitcoin.. (one rinse cycle)
dont automatically just throw it back to the same alt..
look at the chances that the alt is going to stay alive. before rinsing it through the same alt. instead look to see what other alts are suddenly becoming lively.
dont think that rinsing and repeating the same alt every week is safe. dont be afraid to move your btc to a different alt if trading becomes stagnant on one alt.
in short do not become too loyal and stick with one alt long term, purely due to profits of the past, because the future is not the past.
20311  Economy / Trading Discussion / Re: Strategy / Technics to become a successful trader. Share Share Share on: August 23, 2016, 08:23:58 AM
if you are talking about day trading on exchanges then here is some techniques
1. dont put all your funds on one order line. have your funds and think of them as 5-10 separate amounts. when you see a good price put one amount at the price, then the others scattered at different prices that will work out as profitable.
EG
if you have $900 dollars put $90 at the current price to buy and then the rest at lower buy prices with a $9-$18 gap (1%-2%)
Price:$882    order:$90(2% gap example)
Price:$864    order:$90(2% gap example)
Price:$846    order:$90(2% gap example)

when you have the 0.1btc put that 0.098btc at a sell price of 1-2% above the price you bought it at to get you the same $ back to do it again, while keeping the profit as btc..
Price:$900    order:0.098btc(2% profit example)
Price:$882    order:$0
Price:$864    order:$90 recieve: 0.102(2% gap example)
Price:$846    order:$90 recieve: 0.104(2% gap example)
if the price didnt go up. just leave that 0.098btc at the 1-2% above the buy price and concentrate on the other buy orders
if the price goes down then it will just take another $90(at $864) and turn it into 0.102 and put those amounts into a sell order at a profitable price
Price:$900    order:0.098btc receive $882(2%example)(this order would be 0.1 but put 0.98 order and keep the 0.002 as bitcoin)
Price:$882    order:0.098tc receive $864(2%example)(this order would be 0.102 but put 0.98 order and keep the 0.004 as bitcoin)
Price:$864    order:$0
Price:$846    order:$90
2. emphasis: do not throw everything in one order.. have bits of funds split up to allow you to play the drops and rises, never use the gamble mindset of "all-in on red"

3. when you bought some btc. dont let greed control you with a sell order at 10% above the buy price unless you have a few buy orders that have filled to spread the orders at profitable 1%-2% amounts to reach 10%
this is because if you put in the whole $890 to get 1 BTC and hoping to sell at $980 to get 10%, the price could stay at a $870-$900 area for 6 months and you would be sat twiddling your thumps doing nothing but waiting, crying that your funds are doing nothing for months.

playing with small amounts with just 1%-2% spread.. you can rinse and repeat the buys and sells a few times a day/week and when counting it all up after a few months. it will be more then 10% profitable

its much more achievable to get lots of little 1%'s often than to throw in a large amount and hoping it goes your way for larger sell price..
id rather take 10x 1% profit over a few weeks compared to 10% profit in maybe 6month

4. the reason i am using just 1btc/$890 as an example is because playing with amounts of $90 per order is a safer risk to play around and learn with until your confident, rather than throwing in mortgage amounts on single orders. so have a little play with small amounts until confident. and then invest however much you want to invest

5. emphasis however much you want to invest, split it into 5-10 amounts, again dont be silly throwing it all into one order

6. that said. dont put all of your funds into an exchange. only put in an amount you feel you can happily play with during the day. dont throw in an amount that is then locked for months. because day trading works best if you can withdraw funds being in profit short term. thus not risking a exchange hack/liquidation.

7. at each 'rinse and repeat' keep the proft to one side.
EG the 0.102 you got at $864. keep the 0.004 as bitcoin. sell 0.098 at $882 to get you enough to buy 0.1 again at $864 again, rinse and repeat
Price:$900    order:0.098btc receive $882(2%example)(this order would be 0.1 but put 0.98 order and keep the 0.002 as bitcoin)
Price:$882    order:0.098tc receive $864(2%example)(this order would be 0.102 but put 0.98 order and keep the 0.004 as bitcoin)
Price:$864    order:$0
Price:$846    order:$90
the aim is if you in the example eventually want more BTC. when you sell back to dollars you want to only be selling just enough btc to have an amount to buy the same thing over again(0.1btc per rinse).

some people would and could sell the 0.102 at $882 back to then have a buy order of 0.104 at $864 using the extra dollars profit.. but if you already have lots of dollars(due to other orders not hitting its best to start hoarding the profits as bitcoin)

8. as the bitcoin price moves you will start to gain a lump of dollar and a lump of bitcoin.. eventually having a somewhat equal amount of both to sell bitcoin on a high and buy bitcoin on a low. to keep orders active and profitable

9. now all that is said. no one can predict future prices and no one can guarantee predictable profits over predictable timelines. yes you can miss a good opportunity if the price constantly moves in just one direction. so be careful and only risk what your confident to play with.

my tips are just how to help reduce risks of missing out on some opportunities and keep orders active. but in no way is there ever going to be a fool proof method of guaranteeing profits
20312  Bitcoin / Bitcoin Discussion / Re: Mitsubishi & Hitachi Trial Blockchain-Based Checking on: August 22, 2016, 10:18:26 PM
they are just scared of missing out.
exactly this.

they need to find ways to ensure their relevance by making their "permissioned" ledger a needed resource.. otherwise they become useless
20313  Bitcoin / Bitcoin Discussion / Re: Mitsubishi & Hitachi Trial Blockchain-Based Checking on: August 22, 2016, 09:44:25 PM
Im still yet to understand what the point of integrating blockchain technology into the banking industry really solves at all. The point of the blockchain is to decentralized the accounting of the ledger (the blockchain is ultimately a ledger, so somebody tell me how in hell this is of any use at all without the decentralized consensus + token to incentivize powering said decentralization).

for years i have been helping people to learn what bitcoin is. and when it comes to the older generation.. comparing bitcoin to a digital cheque has been helpful

the numbers along the bottom of a cheque (account/routing/bank branch) can be seen as the location the funds are coming from.. the to: is where they are going to go. the amount is how much to move and the signature is the proof of authorization.

all aspects that are easy to grasp and then can be described easily when translating it to a bitcoin transaction.
so i can see where banks were thinking the idea of using it in regards to "cheques" as its a easy comparison
also the fact (from reasing the articles involved, there economy is 60% in cheque form)

because the ledger does away with a 'clearing house' in a tradition sense, by automating it in code..
and because retailers know that funds wont bounce because they can verify funds exist, i can see advantages to them thinking of moving to such a new tech system

however even in bitcoin its still a possibility of doing double spends and banks dont want to be rendered useless so i feel that the banks are going to try a bitgo method (multisig requiring third part authorisation) to atleast offer a fast dependable 'token' currency, while keeping banks in a useful and relevant position.

what i say above is more for the transaction authorisation that does not need to be distributed. but i can also see that by distributing the ledger across many bank branches does 2 things.
1. strengthens the security against hackers attempting to 51% the authorisation of new ledger entries
2. strengthens the security against nefarious bank staff attempting to alter bank records individually.

however on the whole. needing a third party to do this is a swing vote.
for: users dont need to be full nodes and can run mobile apps.
against: users dont need to be full nodes and can run mobile apps.
Cheesy

after all there are over 2 million bitcoin users but only 6000 nodes so it seems the majority of people still prefer 'managed services' rather than a real decentralized currency.

in my personal opinion. banks can do what they like. but it will never be better than bitcoin
20314  Bitcoin / Bitcoin Discussion / Re: Are you, or do you know a charity, non-profit or organization? on: August 22, 2016, 09:19:37 PM
I don't believe in charity organization. World is in the mess, and this charity organization are used for money laundering. When I see them in fancy suits, and expensive cars I think they spent more money on party then to help to people.
This is sad story, but fact is that all charity organizations failed in their task. They didn't understand problem good, and they didn't contribut nothing good in this world, instead of solving the real problems they concentrated on wrong things.
+1
CEO of red cross $1mill salary per year.
stealing 5million (20cents ration) meals every year just to have a nice suit and a nice house
thats 4500 less people getting 3 meals a day while he drives a flashy car and flies around in a flashy jet

take any "charity executive" salary, divide it by 220 and you roughly get the number of people that are not getting fed for a year
20315  Bitcoin / Bitcoin Discussion / Re: Are you, or do you know a charity, non-profit or organization? on: August 22, 2016, 09:08:04 PM
Lol Franky, please stop jerking yourself off over this guy's scams, they're so blatant and ostentatious that it's starting to look like you're the one setting up the BTCLoader sock-puppets, so you can do some fake White-Knighting to pull your own reputation out of the toilet.

ive been outing scammers since 2012 and have never used it to help my rep,
im just frank.. ill always talk frank and if you dont like it. then frankly you can go play with your monero and chat in the altcoin section.

i will continue doing what i do because some people prefer to not just hear the fluffy false promises and bad adverts of things that would eventually hurt them...
you are free to kiss ass of any scheme that may profit you by advertising them endlessly as the gods gift to bitcoin corporate control. but i will continue to reply with the opposing opinion if i feel its going to negatively impact the community or is pushing false promises for a secret agenda thats yet to be revealed

have a nice day
enjoy the freedom of speach
20316  Bitcoin / Bitcoin Discussion / Re: Are you, or do you know a charity, non-profit or organization? on: August 22, 2016, 08:48:50 PM
the OP is also known as BTCLoader and BTCDumper
here he is trying to set up an escrow service to start a mining farm before even learning about how to mine bitcoin

(link to save space from long advertising post he made)https://bitcointalk.org/index.php?topic=1590472.0

here is a quote from him that shows same writing style
The have been few decentralized Project going on around bitcoin for a long time now so i want to ask the users of this great forum

We want to know what people want

Which decentralized Project will you like?

and how do you think it will help the bitcoin community?


he has tried to remove some of the green writing by editing posts of the btcloader persona to hide his writing style and past actions to (fail) attempt to pretend he is not this new persona.
but you will see by the other quotes i gathered while outing him, that he did love his coloured writing

here is where i outted him about his obsessions of starting new projects to just grab funds from people to pay off some gambling debt of his. without any knowledge of the industry he wanted to "get involved in"
scam

after reading the OPs post history. he still lives with parents and worries about electric. he does not even have 2btc (ill explain later) to his name. so even before anything he does not have any/enough hash power to start a new pool that will get some blocks (minimum 0.7% of network hashpower for a chance of 1 block a day)

Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

I prefer to Work hard

IF I WAS ABLE TO mine BTC on the computer at my mothers house in the basement i would have taking the beating of my life because it makes a hell of nose and it increase the electricity bill

even just 3 weeks ago he was penny pinching the faucet sites
Please everyone, which site is the best Faucet site?
which shows he hold no real capital/assets. otherwise he would not need to spend hours to get 50cent a day of bitcoinby raiding faucets.
general rule: people with a real life job to buy bitcoin or already holding bitcoin dont raid faucets.

he has no money management skills
at most he wants to take a loan out for 3Btc and pay that person back 4btc in 2 months..
he has no clue of return of investment timescales. and no clue of how much it will cost.
i feel he wants to rob from the community to repay a 3BTC loan which he wasted on gambling.

proof of loan and not understanding ROI from mining
A friend of my want to give me 3BTC and he want me to pay him back 4BTC in 2month 7days but he asked me what will i do with it, how can i turn 3 bitcoin to 4 in 2 month 7days, what is the best investment that can give me good ROI in that short period


So please i ask for your advice

proof he doesnt know mining pools or set up costs
I am thinking different investment to do with bitcoin than gambling and i want to ask what will it take me to start a bitcoin mining pool

Site Development Cost?
Developers fee?


Please what are needed and what is the total money needed to start the development of the pool + maintenance?

how will i make my money back?

Is the to much to worry about?

proof he lost funds gambling and is trying to penny pinch, steal funds from community
I registered on a site that plays dice ...... i played with all my money in just 10 second of playing that game my money vanished i fell from the chair i was siting to the ground i was not even able to see well for some time because of the shock
.... how much was the amount that you fell from the chair to the ground ?....
2BTC

in short the OP is now pennyless and is trying to scheme money out of others.
he does not even hold 2.7btc needed to buy a single antminer S9
think about it. if peoples funds are locked in escrow, how will he be able to buy the miner needed...

do not fool(pun: fall, fool) for the OP's scheme.. its definetly a scam


hope this helps people know who you are talking to, as it seems he wants to avoid due dilegence by creating a new persona to hide his previous actions.

i know he and others will say this new persona has not actually asked for funds(at all/yet).. but the obvious future posts will eventually be asking to hand him funds.. so much easier to 'nip it in the bud' before he escalates to the point of getting funds from people.

lessons to learn OP.
dont be shady
dont try to start an obvious money grab scheme under the false pretense that it will be beneficial to the community, (playing on peoples generocity/comunity spirit)
if you are going to do something good, be transparant. reveal your real life info if you want to handle peoples funds.
if you are going to do something good, learn to walk before you plan to run away.
20317  Bitcoin / Bitcoin Discussion / Re: Mining on: August 22, 2016, 12:23:19 AM
doing it on a normal computer wont yield anything

the current main pools are the equivelent hash power of 100,000,000,000 computers.

these days you need a special piece of equipment called a bitcoin mining ASIC
the current top rated bitcoin mining ASIC has the power of 4,000,000 computers.
which on its own is not enough to compete against the pools. as you will require about 25,000 units to equal the same hashpower as one of the top mining pools

however knowing the top pools get about 300btc a day, one asic joining a pool and getting one 25000th of that pools earnings is still better than nothing (starting at 0.012btc a day)

however here is the kicker,
with adjustments of difficulty and also competition from others. you may not break even within the year.(just based on retail price of an asic and a 5% reward adjustment for difficulty and/or competition per fortnight)
you would only really achieve an acceptable return of investment after costs if you can get the asic atleast half the retail price and also have cheap labour/building/electric costs.
so unless you are thinking of going super large and starting up a pool of your own with tens of thousands of bitcoin mining asics bought below retail prices, you would be safer to just buy bitcoin and hold it, and skip trying to mine bitcoin.

sorry if my post is not a fluffy happy reply informing you of being a bitcoin millionaire with just a small investment. but i prefer to just be frank in my posts.
20318  Bitcoin / Bitcoin Discussion / Re: Mimblewimble Paper Proposes ‘Near Complete’ Bitcoin Anonymity on: August 21, 2016, 10:35:06 PM
andytoshii. you do realise your spending alot of time theorizing extra code to mess with bitcoin verification and block confirmations.. when something like lightening network would be the better platform to achieve all of your desires, without risking the basic rules of bitcoin
20319  Bitcoin / Project Development / Re: The Bigest Bitcoin Open Project (now opend) on: August 21, 2016, 06:48:47 PM
well it seem like you had really worked hard to setup the mining farm and it also means that profits are gurrentyed but i from personal experiance feels this type of investments will be profitable for us only we have a big sum of money

lol btcloader and btcdumper..
you could have atleast tried harder to not use similar names
seriously failed attempt to give yourself some fake positives.
no proof of setting up a farm yet, and even with the legit mining farms, there are no guarantee's.

20320  Bitcoin / Project Development / Re: The Bigest Bitcoin Open Project (now opend) on: August 21, 2016, 05:42:40 PM
Show me some mining rig or miner tools that we can say that you are telling the truth ..
This we can say that this is the same as scam because you are not reputative here.. in my advice its better to be a reputative here before you can doing business to others..
agreed, but just to add
even without rep, being totally forward and honest helps.
even without rep, showing you have collateral, abilities, skills helps
even without rep, not sounding shady and asking to people to wait, while strangely your first action is to set up the payment method, way before anything else
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