Well, this is bizarre. Assuming this is true--which is a lot to assume--this would seem to indicate that the miners don't understand the way their power works. Say they switch off to mining Classic_ and trigger the activation; give it a month or whatever, and they start popping out their 2MB blocks, which are then rejected by all non-Classic_ nodes on the network. Unless they convince the rest of the system to switch to an implementation compatible with their consensus rule change, no one else will accept their blocks as valid; all they'll have accomplished is that they've forked themselves onto an altcoin. Not sure why mining pools would even really care all that much about 2MB... What do they think it would do for them? Make their operating costs a bit higher? If they're hoping to see increased adoption cause a price boost, capacity (especially in small amounts) seems like the wrong approach--it's not like 2MB blocks make Bitcoin easier to use, increase its privacy, increase merchant acceptance, or make it possible to buy milk at the grocery store without waiting 10 minutes for a confirmation  But hopefully this is just some bullshit scare and doesn't have any credibility. I'd like to hope that miners are smart enough to not bite the hand that feeds them in an absurd attempt to completely sink themselves. Considering the 1 MB blocks are often full most reasonable folks see the need for a bump to 2 MB and pretty soon. The Chinese miners understand quite well the power they possess, are tired of waiting for larger blocks and seem pissed off. Classic activates 28 days after 750 of the last 1,000 blocks are found by miners running Classic instead of Core. At that point you would have a minority of miners still running Core. We might have two chains existing at the same time for a short period of time but everyone would move to the winning chain. The minority still mining Core would switch or die. It does appear that SegWit would have to be merged into Classic for it to be acceptable to the Chinese coalition. The point is it appears the Chinese may have the power to force a change from Core to Classic. They have been loyal to Core but can only wait so long. |
|
|
|
In the hypothetical event this wasn't just a Twatter rumour started by Jihan Wu and 75% of the hash actually up and went to Classic, what recourse would the rest of us have? Aside from just dumping I mean.
This is all just FUD unless and until we see numbers of Classic nodes increasing dramatically. If that happens and a fork really does occur, you swallow your pride and join the winning fork no need to dump. Trezor already discussed contingency plans for their customers. |
|
|
|
|
You should really own your private keys, and the best way to do that is a hardware wallet like Trezor or Ledger.
|
|
|
|
|
If you believe bitcoin is still in a bull market and price one year from now will be higher than today, just wait for a down day where some news event triggers a sharp sell off and swoop in and buy cheap coins. You can also just open an account at an exchange and put a buy order in below the market.
|
|
|
|
New to bitcoin community. Guys can you teach me how pgp works and for what they are used ? I want to learn everything.
Suggest you read the documentation for gpg4usb. Very clear and concise, easy read. |
|
|
|
Trezor costs $99 and new Ledger Nano S is $66 and either provides all the security for your bitcoin you will ever need. And they both work with your phone.
MMGen is intended for power users and provides more options, functionality and security than hardware wallets. It connects with the outside world only via Bitcoin Core. For many of us, the words "phone" and "security" are mutually exclusive. In addition, MMGen costs only $0. If you can prove MMGen is more secure than Trezor have at it. Post your comments at /r/Trezor for slush to respond to. |
|
|
|
Genesis Mining is legitimate but they have never been a good deal. The reason is they sell contracts that expire, usually before you get your investment back. Also there is no exchange where you can buy and sell your hashing power. Right now is the worst time to buy any hosted mining with the bitcoin halving coming up next month. Wait until after, then take a look at Hashnest or BW.com.
In Genesis only Ethereum contracts expire. (Usually contracts last 1 year) Other currencies that they mine are lifetime contracts. It really is very difficult to trust companies in this industry, because most just want to make a profit and are a bunch of Ponzi. I'm trying to rely on precise genesis search and to make sure I will not have prejudice. The fact is: we take risks everywhere. Bitcoin and other Altcoins are risky and we have the example of volantidade of bitcoins. So if we want security, Cryptomoedas are not the best thing ... More know that profits will be high (not for less since the risks are too) The point you should clearly understand is that one should never buy hosted mining power that you cannot turn around and sell tomorrow if you change your mind. The two largest and legit companies in that space are Hashnest (Bitmain) and BW.com. The BW.com website may be too hard for most westerners to navigate as it is natively Chinese and the English translation can be confusing. You want to buy hosted Ether mining you can sell? The GetHashing outfit is your solution. While they do not have an exchange I have never had a problem selling on their forum. |
|
|
|
|
You still need an online and offline computer for your solution. Armory and Electrum have been providing this type of cold storage for years, and it is not convenient to use. Hardware wallets like Ledger and Trezor have pretty much made this type of cold storage obsolete.
Trezor costs $99 and new Ledger Nano S is $66 and either provides all the security for your bitcoin you will ever need. And they both work with your phone.
|
|
|
|
|
Genesis Mining is legitimate but they have never been a good deal. The reason is they sell contracts that expire, usually before you get your investment back. Also there is no exchange where you can buy and sell your hashing power. Right now is the worst time to buy any hosted mining with the bitcoin halving coming up next month. Wait until after, then take a look at Hashnest or BW.com.
|
|
|
|
|
The screen replaces the security card, you confirm transactions on the Nana S using a button.
|
|
|
|
|
You need to watch the market caps. Bitcoin is number one and Ether is number 2. The communities are very different. It makes sense that anyone holding bitcoin should also hold some ether. How much depends on market caps, if ether becomes closer to bitcoin buy more ether. The potential for future price increase for ether is greater than bitcoin, along with that I think comes more risk. But if you were risk averse you would not own bitcoin in the first place.
|
|
|
|
|
DAO is toast but I do not think Ether is going away. High price of Ether was $21.48 now trading at $14. While bitcoin could triple to $2000 in the next few years I think the upside to Ether is 10X. Two scenarios:
1) Ether rises and breaks the all time high. Wait for a pullback and buy.
2) Ether drops below $10, start buying and average down.
Watch the market cap of Ether. It is now no. 2 and if the difference in market cap between bitcoin and ether closes consider moving some bitcoin into ether.
|
|
|
|
|
Diversification gentlemen! Everyone should hold some gold and also the second largest market cap cryptocoin. You can carry the private keys to a million dollars in bitcoin in your pocket using a hardware wallet that will get through customs. Can't do that with gold.
|
|
|
|
Ledger is taking pre-orders for the new Ledger Nano S to ship in July. This will be the first hardware wallet for both bitcoin and ether and buying one is a no brainer at $66. You will be able to store private keys for the top two cryptos in one hardware wallet. Brilliant!
This seems to be the newest product from ledger, i currently hold the Ledger Nano but this seems to be different and maybe like trezor or keepkey? by controlling the transaction outside computer with those two buttons? KeepKey is a Trezor clone made by an outfit who took the Trezor open source code to build a business off the back of original hard work done by the Trezor developers. Ledger is a true competitor who took a different approach using a secure element. From the information Ledger has released the Nano S works similar to Trezor and there are two buttons on the side you can see in the photo posted. Instead of plugging into a USB port like current Nano the Nano S has a micro USB female port same as Trezor and ships with the required cable. You will also be able to use it with Mycelium on your phone like Trezor. Main differences from the Trezor other than the secure element are the PIN is limited to four numbers and passphrases are not enabled. @btchip has already mentioned that the company is amenable to correcting both in a firmware update. |
|
|
|
Another question, I've always assumed with the seed phrase I'm able to recover all of my account information. As in if my phone is lost or destroyed I can use the seed phrase to restore my HD account and all the private keys associated with it. Just want to confirm that this is the case and that I don't need to backup my private keys separately?
Yes, the seed is your backup. |
|
|
|
Ledger is taking pre-orders for the new Ledger Nano S to ship in July. This will be the first hardware wallet for both bitcoin and ether and buying one is a no brainer at $66. You will be able to store private keys for the top two cryptos in one hardware wallet. Brilliant!  |
|
|
|
|
Someone pays $500 for an ebook and offers a free pdf? Pdfs are known to deliver malware payloads I would be very careful about downloading and opening that offer. Saturday nights are the time hackers come out to play. No offense, I just do not trust your offer.
|
|
|
|
|
Show Posts
