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2301  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is starting to trek upwards on: April 25, 2016, 04:46:58 PM
Other forces come into play here, so anybody who is looking at what innovation does LTC offer is on the wrong trail.

Lol if you judge a coin by its innovation then BTC should be $0.

What the feck did my poor eyes just read? Bitcoin is THE ONE INNOVATOR who founded this entire scene. The reason why you and me are here in the first place. LOL!

If Bitcoin is not insanely innovative then I don't know what is.

Bitcoin is NOT innovative compared to some altcoins which have a range of features. Compared to regular currency bitcoin is innovative but not compared to the tech in some alts. Bitcoin is not succesful because of its tech rather because of its adoption.

Bitcoin was the most innovative who made all this possible thus nothing comes close to its innovation power yet, imo

Maybe Ethereum or something similar will be able to enable  something along the lines of that, but there aren't any altcoins who have done anything even remotely close to what Bitcoin has done.

I think you misunderstand, bitcoin is innovative but the pow technology it uses it ancient and will fail in the future. Tech ways there are more advanced things in crypto space such as POS, instant transaction and annoymous transactions.

lol you are delusional. There's not a single alternative to POW that delivers the level of robustness and army-grade encryption that POW delivers.
Bitcoin's core will remain like that because it's a feature, then through second layer solutions like Lightning Network we can have instant cheap transactions and we will have increased anonymity in the near future as well.

Bitcoin has no competition, stop dreaming with altcoins taking over and be realistic.
2302  Economy / Speculation / Re: Bitcoin is not the new money on: April 24, 2016, 05:44:16 PM
Why do we need new gold? Bitcoin is money and must be used as such. I don't like to fantasy and daydreaming,
this is immature. 1000$ is probably peak of bitcoin, and everybody must admit exaggeration.

Your thoughts are so short sighted.  Look if you think humanity will fail and BTC along with it then yes sell it all and enjoy our last hundred years on this planet.  Why even bother your self with  bitcoin.

If you believe we will move to a Type 1 then Type 2 civ, saving BTC for your off spring could secure your entire blood lines future.  Why do we need a new gold? Because there are random asteroids with more gold than we have currently.  There will never be more than 21 mill btc.  

$1000 is peanuts a pathetic 8 billion market cap, that is nothing, a joke, China/USA spend that in an hour.

Lol this guy asks why it's the new gold and says "it must be used as X".

Bitcoin can be used however the fuck you want to use it, having said that, then we have the precedents in history about governments easily passing laws to literally steal the citizen's gold, so no need to even worry about the supply getting expanded to insane amounts once we (inevitably) find some place in the cosmos that has tons of gold. The faster problem will be governments trying to get your gold.

Gold is outdated, gold cannot be encrypted. If something can't be encrypted it's useless in the digital era. Those that know how to hold Bitcoin and encrypt it are the real pioneers and ahead of the game and everyone will eventually hate not getting in way earlier.
2303  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum: Good alt or stay away? on: April 24, 2016, 05:34:30 PM
ETH is always a good coin to have on your portfolio, in fact one of the few altcoins that I would hold longer than a couple of weeks. The question now is if ETH has a place to survive once Rootstock and the rest of the cool stuff that Bitcoin will deliver soon kicks in. I mean, who is going to use ETH when you can use your BTC to do what ETH does? It's yet to be seen if ETH has a niche use that may make it go to the moon, until then I guess it's a good speculation tool.
2304  Bitcoin / Bitcoin Discussion / Re: ever find an old wallet? on: April 24, 2016, 05:17:18 PM
How I wish I heard about bitcoin in 2011! I only started in 2014 and was using Coinbase. Only recently installed the BitcoinCore but it is really resource consuming so I decided not to continue.

Hope more people can find their old wallets so that those coins will not be lost forever!
Well it is unfortunate that you can't run Bitcoin Core in your computer, but I recommend that you at least download Electrum because it is infinite times better than holding your coins in Coinbase or any exchange whatsoever. So everyone should learn how to use Electrum at least, but if you want the real deal you gotta have the blockchain in your hard drive, at least pruned mode if your hard drive is small.
2305  Bitcoin / Development & Technical Discussion / Re: Will Schnorr signatures be able to give us default "CoinJoined" transactions? on: April 24, 2016, 05:13:56 PM
Schnorr sigs will deliver a more efficient way to deal with this stuff.
[...]
When we will be able to start a "roadmap to fungibility"? like a transition from the current standard transaction model, to the next standard ("CoinJoined") transaction model? Because that's what we should do as soon as possible.
This should be a top priority imo. Lets not forget that Bitcoin is supposed to be p2p cash so this is a must to reach that definition, so like I said before, default state of a transaction should be Coinjoin and CT enabled for everyone, unless you want to be transparent in purpose.
The only reason our schnorr sigs will have that property is because Adam Back, Pieter, and myself have been working on it-- this kind of aggregatability isn't something that would just automatically come from schnorr, it requires a special design.

We consider it a priority, but it's only with the advent of segwit that it becomes sufficiently easy to deploy these improvements that I can be pretty confident of getting them in (and rather than having them end up as a marketing point in some altcoin.).  Segwit isn't in the network yet, and there is still a sizable "online" force of people attacking it, the folks working on it (and on general fungibility) improvements-- which makes it harder to give concrete schedules.

I'd like to say that I expect to get aggregateable schnorr into Bitcoin in the next year; but that depends on a multitude of factors that are hard to predict and that I can't control.

I didn't know that it required more work beyond just switching to schnorr sig, im not a coder as you can see, I invest but I like to know what I invest into so I try to learn as much as possible on my spare time.

I think CT+CJ+decentralized exchanges will be the holy grail, then we have internet cash for real. Ideally I would like to see an actual trading platform that is decentralized so you can do day trading against other currencies and not only some sort of decentralized localbitcoins (i think thats what bitsquare.io is trying to do). Im talking like a Poloniex type of exchange, without no restrictions and decentralized, because all those exchanges always end up either "hacked" (inside job) or authorities push them to require ID for users unless they want to be out of business (Poloniex case)

Once great level of fungibility is reached all those niche "anonymous coin" may disappear since who cares about them when Bitcoin can be anonymous as well, so it can potentially absorb their marketcaps.
Thanks 4 input.
2306  Economy / Gambling / Re: is betcoin.ag down? on: April 24, 2016, 04:55:10 PM
It is down for me  Huh

It's working, so make sure you try again because it should work. Everytime that I have tried to access this website it is always available and I never had a problem with it, and I access it a lot because as you can see im part of the campaign.
2307  Economy / Speculation / Re: Bitcoin will hit $3k-$4k by end of 2017 on: April 24, 2016, 04:40:55 PM
The bitcoin Price may reach $1000 this year but  will it remain stable ? the the real test for bitcoins.
price would have almost doubled 

No, once iet reaches $1000 it will reach 3000$ to 4000 dollars, it just can't stay at 1000$, the buy pressure will be insanely high. When Bitcoin reaches 1K again, it will prove that Bitcoin is the only asset ever to rise from a super crash and then everyone will turn into believers, FOMO will kick in rampant and we will see prices higher than ever imagined.
2308  Economy / Speculation / Re: 10.000.000 within a month !!!!!!! on: April 24, 2016, 04:19:00 PM
The bitcoin price never will reach even the $10000 level. $5000 also seems far away, and perhaps we should be happy if someday the bitcoin value achieve $2000 greenbacks.

never?

i think you will eat your words in about a year, max 4 years.

All those people becoming pessimists because Bitcoin didn't continue growing after the 1.2K ath will cry A LOT once they realize that Bitcoin's path towards 5 figures i not only possible, but unavoidable. Bitcoin being 5 figures is like 2+2=4, it's a fact, we just have to wait for time to catch up with this reality.
2309  Bitcoin / Bitcoin Discussion / Re: Could bitcoin be hacked? on: April 24, 2016, 04:14:20 PM
I've heard that if a group of people controls most of the coins, or transactions, whatever... they could change the bitcoin program, steal etc. How much of this is true and what is the chance that it happens?

EDIT: Yes I was talking about the 51% thing. This thing makes bitcoin look like democracy, which sucks.

Lol since when do democracies work with super majority? Even if someone owns 51% of the mining hash power it means nothing, to actually cause damage you would need way more than that, it's unrealistic and a non issue, at that point the attacker would be making more money by being a good actor to the network than an attacker, there's no incentive to deploy an insane mining attack whatsoever.
2310  Bitcoin / Bitcoin Discussion / Re: ever find an old wallet? on: April 24, 2016, 04:04:48 PM
so just happened to scroll back through my wallets history. its the original wallet I made back in 2011. one transaction said "sent: Ubuntu". never remembered it. with no corresponding "received from Ubuntu"

well.. I back things up like crazy and sure enough look through old backups and theres a file named "Ubuntu.wallet.dat". oh yeah..

rename my current installs wallet.dat, copy the ubuntu one in, rescan and there it is. 5.0 bitcoin. exactly that one transaction. nothing else.

its kinda like finding a couple grand under the sofa cushion Smiley

price around aug 2011 was around $10.

so, anyone else find old btc you forgot you had? talk about HODLing

Well 5.0 is a lot of BTC and a lot of people are dreaming to even own 1.0 BTC so congratulations on this one.
Personally I have never found a wallet lying around because I always make sure that I know where the current wallet is, and I always pack the wallets together when doing backups and put them in different places but I always remember where the wallets are, so no chance for me to find some forgotten wallets.
2311  Bitcoin / Development & Technical Discussion / Will Schnorr signatures be able to give us default "CoinJoined" transactions? on: April 23, 2016, 06:12:51 PM
Everyone that has been around for some time must know by now that Bitcoin has a problem when it comes to fungibility, because of the blockchain being too transparent. The good job done by Gmaxwell is delivering Confidential Transactions soon which solves the "how much money is this dude moving" problem, but not the "this dude moving money from A to B" problem. Now Coinjoin can potentially fix this, but we need as much people as possible using it otherwise it's pointless. So what's the ideal situation? Everyone using it by default, unless you want to specifically send a "transparent transaction" which has it's uses too of course.

So apparently Coinjoin not only makes it more private but cheaper, and Schnorr sigs will deliver a more efficient way to deal with this stuff. So my question is, how far are we from true fungibility? (all transactions mixed to hell so it's impossible to know what's going on)

When we will be able to start a "roadmap to fungibility"? like a transition from the current standard transaction model, to the next standard ("CoinJoined") transaction model? Because that's what we should do as soon as possible.
This should be a top priority imo. Lets not forget that Bitcoin is supposed to be p2p cash so this is a must to reach that definition, so like I said before, default state of a transaction should be Coinjoin and CT enabled for everyone, unless you want to be transparent in purpose.
2312  Economy / Gambling discussion / Re: Bitcoin Gambling is Exploding on: April 23, 2016, 05:46:09 PM
It is funny how most countries has very strict laws against online gambling or don't allow people to gamble online at all.
And it is quite possible to monitor if people are using FIAT. After all bank transfers, debit/credit cards and Paypal - all these methods can be associated with your ID.
With bitcoin it is a lot harder to track you or even tell if you are gambling online or not. And that is the reason behind BTC gambling boom.

Actually this raises a good point, another good advantage for Bitcoin will be that if you are not an adult you can still gamble with your money anyway.
I remember when I was a kid like 14 or something, I was in highschool and I wanted to play some poker on the internet, but the fuckers wouldn't let me join on the sites to play for real money cause it needed an id. If I was 14 in 2016 I would just use Bitcoin and have some fun in poker playing for real money, and even spin some on the slots. I could have made a lot of money back then but they wouldn't let play. Imagine being in high school and making money with poker, it would have been so cool but I was stuck with my parents small time cash pay :p
2313  Economy / Gambling discussion / Re: is gambling fix your life? or wreck your life? on: April 23, 2016, 05:28:57 PM
In order for gambling to wreck your life yo must  have some sort of serious problem that requires quick and constant supervision from a professional in the field. IT is very and I repeat very important that you are sure that there are no other people in your family with gambling addictions, if this would be the case, then ti would confirm that you are prone to gambling addiction, in this case please do not gamble or you will suffer the consequences, if not then yo can enjoy some sporadic gambling like normal people do.
2314  Economy / Gambling discussion / Re: how much you lost money in gambling? on: April 23, 2016, 05:15:30 PM
Around 24 BTC and 3m doge,  but thats was fun.

Wow how did you get that much moeny to begin with? I think it's insane that one would lose 24 BTC by gambling. Most people will never even own 10, let alone 24 BTC. 99.99% people here are dreaming with the 21 BTC goal to enter the 1 million club, but you lost 24 BTC by gambling, so you must be really loaded. Early buyer or miner??
2315  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: April 23, 2016, 05:09:13 PM
Once people can find jobs that get paid with Bitcoin all over the place they will start getting it and spending it because that's how it works. Give people better job offers than what they can find for fiat and they will do it, because the jobs are getting harder and harder to get due rising unemployment, im sure a lot of people will be happy to work for Bitcoin.

I also hope that Steam can bring a lot of people (Steam is adopting Bitcoin soon, finally)
2316  Bitcoin / Bitcoin Discussion / Re: Tell me why Satoshi Nakamoto didn't spend a Satoshi from his 1 Mio BTC on: April 23, 2016, 04:57:25 PM
The theories I contemplate nowadays are the following:

1) He has other addresses that no one knows are his addresses, with some money there too, enough to live a comfortable life for the rest of his life. He is not greedy so he doesn't want to move the coins from the 1 million stack because that would cause uncertainty.

2) He forgot the pass for his keys or simply lost his wallet

3) He was already a millionaire in fiat/assets before starting so doesn't want to damage Bitcoin by fucking around with the massive 1 million stack.

4) He doesn't want to move the coins because the movements would get scrutinized and it's a risk for his identity (he is a target worldwide already)

5) Guy actually got killed already

6) He's just a long term hodler

Something along those lines.
2317  Bitcoin / Bitcoin Discussion / Re: Bitcoin is dead again. This time for sure. on: April 23, 2016, 02:38:31 PM
It's actually funny that you say "this time for sure", I mean it just sounds comical at this point. People that are still hoping for Bitcoin to die must be on some dank shit to believe what they say. They are so delusional that they may even believe their own lies. It's sad because it's always fear of missing out that drives people to fud like this.
2318  Economy / Gambling discussion / Re: Bitcoin Gambling is Exploding on: April 22, 2016, 09:52:31 PM
The main appeal for me is not having to pay withdrawal fees. It's total BS that a gambling company would charge me to take out my winnings, and also make me wait for days to get it back.
Yes it is a problem to everyone and which is of high concern, the withdrawal fees of these casino sites are much high, and in that case the members are unable to play with small amounts, as with that amount amount if the win, they are lost in the withdrawal fees.

Depositing is no problem, but when you want to take profit and cash out they make you really pay for it. Hope this will change.
Most people don't expect it and they won't come back to that casino.

Well the casinos have to make profit, otherwise they wouldn't be able to pay for the stuff, at least in the begining, once the casino starts getting a lot of traffic maybe having a fee to withdraw is overkill, but most casinos that aren't Bitcoin related also apply fees so I don't know about this changing any time soon.
2319  Economy / Gambling discussion / Re: how much you lost money in gambling? on: April 22, 2016, 09:45:02 PM
I gamble in dice before, lose about 3btc.
I gamble in esport betting too, lose about 2btc.
I investment before, lose about 17btc.

How i wish i have not done all these, i will be rich!
Where you invested so much and got loss ? actually unless the site scammed you cant get into 100% loss.
Anyways I only lost about 1 BTC overall and still regret Sad

How you can't lose 100%? If you start playing casino or dice or whatever, and keep rolling and making spins until you end up with 0 BTC... that's exactly what lossing 100% of your BTC means, and it has happened to me before, because I was too greedy and wanted more and more. Thank god I control myself and only gamble small amounts tho.
2320  Bitcoin / Bitcoin Discussion / Re: My first confirmation is taking way to Effing long!!! on: April 22, 2016, 09:27:18 PM
Hi all,
Based on past experience, I can predict the first one or 2 people to try to complain about this type of post, so F offf...
My first confirmation is taking way to Effing long!!!

This time, I gave more then the min. required fee, and the transaction still was ignored in a block with over 3,000 transactions.
I Love Bitcoin, but it has serious issues which need to be solved soon.

Medium/advanced Bitcoin users should always (as habit) take a look at the mempool size before sending txs.
I personally check out https://bitcoinfees.21.co/ and https://tradeblock.com/bitcoin since I always do custom fees.

How much fee did you give? How long did it take to confirm?


All wallets ever should do this automatically, this is not user friendly at all, if we want to make Bitcoin available worldwide, we better start working in ways to automate all of this so the person has to only press "send" and the fee is automatically calculated and set by default, anything else is a failure in terms of user experience. But we are still on the early days so im sure this will get worked on.
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