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2461  Economy / Speculation / Re: What to expect from Bitcoin after the last BTC gets mined? on: December 03, 2018, 07:07:05 AM

The "OG" might be a developer, a miner, or a whale-cumulator like Barry Silbert.

By 2024 on the halving to 3.125 rewards per block, and on the condition that Bitcoin's price has not increased high enough to support the miners' operating costs, someone will campaign for a fork to increase inflation, but without increasing the monetary supply to "save Bitcoin".

It will be another big drama same as the scalability debate.

I hope you understood my point this time.


I'm intrigued on the "how" part of "increasing inflation without increasing the monetary supply". But I'm not going to argue that future is going to bring a lot of surprises for bitcoin, it's not unlikely for drama to happen and I've even written a paragraph about this in my last post.

By calling out the developers to make a controversial hard fork, and change the rules to maintain the block rewards to the amount of 6.25 instead halving to 3.125 on 2024.

I believe that "drama" will be as big as the scalability debate. Cool

The number of Bitcoin supply is limited and we are restricted to go on with it and such fork will eventually give born to another "Bitcoin-TRash" and even if they don't change the supply but come up with a code that applies over miners to get double rewards, it'll be unfair to those who've mined till date with the current ongoing rules.

To those of you who think we can't live till 2140, think twice before saying that. It's our destiny and we may even live up to a 100 years if our will power is strong enough, so discussing about value of BTC after final BTC getting mined will not really harm anybody's emotions.
2462  Economy / Speculation / Re: What to expect from Bitcoin after the last BTC gets mined? on: November 29, 2018, 03:16:35 AM
I do not know why when a small shake occurs, all start to panic like this.

Oversmart, eh?
I've tried to adjoin this situation with possible future outcome when the last BTC gets mined, I've never said anything like I'm posting this under the panic effect, all I've done here is taken this dip as an example as it sits fit for the debate I wanted to discuss here.

Quote
The miners will decide to stop mining when BTC falls to zero.

False. Miners will stop mining when BTC becomes less profitable / unprofitable, they'll look for other options.

Quote
When we talk about the fixed assets of the "mining machinery", the change in activity takes a long time and the miners have plans in the event of price collapse. "Those plans do not include abandoning mining."

May this be true to some extent, but what about those influencing personalities over the web who're trying to trash off BTC's value by saying they would dump their stash? People really get panicked with all such FUD by these people and I believe it doesn't really suit their credibility to bark off such ^personal^ things in public.

Quote
This decline occurred about 10 days ago so panic and thinking that way is funny as the price did not drop to cumbersome levels.

Once again, it's about the "last Bitcoin mined" thing and we're not discussing the current decline here, I guess you gave your comment under the panic attack.  Tongue

Quote
Remember those miners get lots of free forked coins.

The only thing I agree upon.
2463  Economy / Speculation / Re: What to expect from Bitcoin after the last BTC gets mined? on: November 28, 2018, 11:20:21 AM
At the end of the day, miners only really care about fiat value. Thats why they're still mining even after the rewards have been halved a lot more since bitcoin first started, and that's why they'll keep doing so in the future.

By the time the last bitcoin is mined, the price would have "slowly" adjusted to keep it interesting for them, just like it did after the last two halvenings. If it keeps increasing at the same pace then it's completely plausible that a fee only network, will provide the same, and maybe even a lot more miner incentive than today, IN FIAT.

I believe that Bitcoin had been an all time favorite for the past 2 halvenings due to the fact that there were less miners and profit used to be more in less difficulty, the value was low but it was profitable even when they were mining during the sub 250s. It is still profitable if we see it in terms of fiat, but not if we calculate based on what we need to pay for an equipment as well as the difficulty that's rising day by day.


Good discussion. I understand a lot about Bitcoin but how the system will work after all Bitcoins have been mined is vague at best.

It is my understanding that....
The difficulty adjusts after 2016 blocks making it easier or harder depending on the hashrate of miners.
Mining will be done for the fees.
At each block someone gets the fees.

I would believe that the system will wither down to a balance between miners and transactions.
Mining pools are the only way to get your piece of the fees.

--snip--

I believe there will again be two things possible:

Either miners will keep up with their job and support the blockchain system without eliminating their hash power as if the value of BTC rises based on the confidence of both investors and miners, it'll then be highly profitable to both the ends.

OR Big miners may decide to go on for a 51% attack (the only thing possible if low-level miners stop mining and hash rate drops to some unexpected levels) and harm the network. This is the least possiblity as there won't be any advantage to them if they try to manipulate the chain by mining empty blocks.
2464  Economy / Speculation / What to expect from Bitcoin after the last BTC gets mined? on: November 28, 2018, 08:01:27 AM
Seeing the current fuss going on in the markets and the buzz that Bitcoin may lose its value down more to $1-2k levels (without any solid reasons except we may call this the biggest shake of investors' confidence), what do you really expect when the last Bitcoin gets mined?

I've got 2 things in my mind I'd like to share:

- Miners will push the fee higher and higher if the value drops (and even if it doesn't, they'll probably do the same because there won't be any rewards for the same and they'll not serve us for lower, maybe). So, after the hike in fee values, will there be the same clutter and people would sell BTC and choose some other alt for their money-making needs?

- Miners will completely stop mining BTC which would give us the chance to mine it with our PCs once again (maybe) and/or people might completely stop using BTC because there maybe a sudden drop in price (like we expected a price jump but it dropped like hell just because last BTC mined and mining fee hike as said in first scenario).
2465  Other / Beginners & Help / Re: Where do you watch new coins? on: November 25, 2018, 06:51:51 AM
https://coinlauncher.io - If you're specifically interested in ICOs (upcoming ones) and previously launched tokens list.

And below are two channels I follow to know about airdrops as I love to participate in an airdrop of my choice (a token I believe in):

@AirdropsForFree24
@OFFICIALairdropalert

If you want to earn something, follow the above mentioned channels. I wish you good luck in getting success.
2466  Economy / Services / Re: [FULL] ChipMixer Signature Campaign | 0.00075 BTC/post on: November 23, 2018, 11:21:07 PM
Apologies for inconvenience. I appreciate your comment's.  Once I sent PM to manager I didn't checked spreadsheet, I was just checking that and clicked a user. Unfortunately he had got red tag last day, that's the reason for my application here. Sorry again

A reply through a quote:
I keep watching this signature campaign from some time but is always full. Tried to apply via PM some time ago but I am not a very trusted member of the community and my application was rejected.

I have a few questions and if anybody can answer, I will be grateful.

Shall I apply once again in this thread and wait for approval? Is there a waiting queue? If there is a free slot how the new particpant is determined?

The best way probably is to check on Sunday. Payments (and removals) are generally done at the same time, which is some time on Saturday. I generally keep applications open until Monday or Tuesday. There's no waiting queue.

My selection criteria is based on a few things:
- Whether your posts will actually be read/seen
- Post quality
- Trust/recognition
- Sections you post in

Sending a PM to DarkStar_ does not improve your chances. In fact, it may even make your future opportunities worse. I signed up, the last time it opened. But I was not considered on the second list/phase. Cry Grin

Not being on my "second phase list" doesn't mean your post quality is bad. It's just that there's such a large number of people who have good quality that I have to be more picky in an attempt to narrow it down.

@Coolcryptovator,
As well, you really don't need someone to die in order to try your luck and take their place. Make your own stand and achieve/earn it. You don't really need to rely upon someone's removal from the campaign to ^win their position", there are specifics already mentioned in OP that you can join if you're trustworthy. Another part is "total amount of users allowed to be enrolled", and I didn't found a post but there's something like there used to be 50-55 participants only who were allowed to join (in terms of number) but the number increased because there are many high quality posters whom Darkstar_ couldn't ignore. Wink
2467  Other / Serious discussion / Re: To infinity and beyond. Does "beyond" exist ? on: November 23, 2018, 10:36:07 PM
It's not necessary what we see is always true, because behind every "presented" truth, there is a possibly different reality. Just like that, IMHO, nobody in this world can define infinity as well as its limits (because it's unlimited, and if it's not, then it's not infinity). So basically, if something that doesn't have any limits, how could there be something "beyond" it? I'm talking out of the box as I'm nowhere interested into talking math here.

My conclusion reading this thread is that there are three types of users: Those who can count and those who can´t.

Which one are the type 3?  Grin
2468  Other / Serious discussion / Re: Bitcoin Mining firm goes bankrupt on: November 23, 2018, 01:44:34 PM
@OP,
There have been a few mining-based firms (not companies making these mining equipment or giving electricity hosting services) like hashflare that had exit scams and most have been done with the purpose of scamming people and running away with their money. Those who were good at paying, were stopped mostly due to mismanagement and no plans for future when Bitcoin surged in price (and even no plans for BTC price drops).

Their mining equipment inventory shows "No Products Found", so shall we consider them out of stock for that part?

I'm tempted to try to buy a cheap mining rig. There are rumours of miners using wheelbarrows to dump them.

I wish they may show up with an auction for all their mining stuff and sell them for lower prices, at least they'll get some capital to start off something else and try paying their investors back (but that's next to impossible, still as crypto itself has turned many investments into 1000x and made billionaires, anything may happen).
2469  Economy / Economics / Re: No, we pay you to lend money from us. on: November 23, 2018, 01:22:59 PM
https://www.reinisfischer.com/highest-deposit-interest-rates-europe

I found this article online and it seems to suggest that the European Central Bank are charging negative interest. Greece should’ve taken out a huge loan at that time... Grin.

I don’t understand the point in inflating a currency randomly and why not find a. Ether way to circulate it than giving it to the richest of people (the bank ceos).

The system and mandate was designed in such a manner that richer should remain at least rich even in the worst days of economic instability. Mario Draghi, the President of ECB, had been an all-time-puppet of Angela Merkel who used to do as directed, never had the courage to take any big decisions on his own and they're not spreading much to the poor and not even the older ones (like pension) citing that young aged are looting over their elders (the old people) which is just an excuse to brainwash everyone and make them follow what they've prepared for them.
2470  Economy / Service Discussion / Re: Nitrogensports froze my account on: November 22, 2018, 12:45:51 PM
Guys not sure if I posted in the right section, I'm brand new. Just want to give yall a heads up if you use this website for sports betting. My account was frozen and I got a message saying After a depth review from our team, we found that your account overlaps information with another account(s) with activity as well.

Probably a case of IP match or accidentally some of your info could have been used by your buddy/any other person making some accounts based on random information and might have yours matched.

Quote
Now not only have I never made another account, 99% sure I never even misclicked make another account.  I am 100% sure I have only made bets and deposited on my account. I only use sports betting , never played poker or even transferred funds to anyone. I have deposited over 35 thousand dollars on this website and have been a loyal customer for almost 2 years. I finally got on a roll and have been winning several tens of thousands and my account is frozen and I havent gotten support emails back after I explained myself. I got nothing to hide as I explained myself in my ticket to them saying I never used or heard of that account number you mentioned. I have this account and wouldent need another account nor try to defraud nitrogen.

I will let yall know what happened. But I just find it fishy after such a long time , they freeze my account once I have a good size bankroll.


If you think you've got enough bankroll for them to freeze your account and stop you from redeeming your money, there's nothing surprising in this as if I'm aware about this, TwitchySeal had the same issue with a casino where they won a jackpot and were tried to be settled under a small amount. You may try your luck contacting their support either through chat in their website, and I believe you'll surely get a kind reply as well as a solution to your issue.
2471  Economy / Web Wallets / Re: A catch in the blockchain.com XLM airdrop - KYC ! Thoughts ? on: November 22, 2018, 11:28:35 AM
So blockchain.com is doing a $125mil XLM giveaway to their users, but they require a KYC to be done to qualify for it. I have seen a lot of people absolutely hate on them for that, what are your thoughts ? Do you think its basically a “Give us your personal info for $25” situation or are they really just doing it for the airdrop not being absolutely exploited by greedy scammers ?

If you're worried about KYC thing and you also want their $25, you may try to give anybody's KYC (either from your family or a friend) but it's not less than carding, still it may get you something instead of nothing. One more thing here, you could also stop using blockchain.info's services after giving your KYC (but who knows what really the situation is, because when BTC.com could drag their mining hash power to BCH instead of BTC, anything could happen because one of those giants did try to add some glitches in blockchain.info after accessing its admin panel). IMHO, giving your KYC for $25 is not a good idea at all, even if it's such a trustable source like blockchain.info, but if you've already given your KYC at too many websites (like when ICOs ask you to do so to get their free airdropped tokens), then you're fine with this as well.
2472  Economy / Economics / Re: Portfolio on: November 22, 2018, 09:32:50 AM
How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?

Currently, there's too much blood on the streets and many good projects' tokens are witnessing values and market caps nobody ever have thought of, because after the huge juicy pump in the amount of total crypto market cap during the beginning of 2018, it is unthinkable for anyone to see such low prices currently. XTZ, XLM, ZRX, SS, QNT, HAND, etc. are few good projects that I believe which could easily gain a lot once BTC stabilizes or starts gaining back in value.
2473  Economy / Speculation / Re: This is why I'm not worried about Bitcoin price. on: November 22, 2018, 08:08:30 AM
Your theory and whatever you followed and did practically is just so good I've got no words to appreciate your commendable success. It's like there are 2 types of people, one who do jobs and get paid in both Bitcoins and Fiat and have an option to save a lot by either thinking of selling small BTC chunks or use their Fiat and save BTC for long term, whilst others sell it high and don't use the money but keep it till BTC dives in and buy back for lower prices (just like this one which is a good opportunity). Few who are earning everything in BTC and have a fixed amount that's earned per week - are the ones who suffer a lot during such times. For those, your story is a paradigm and you've now set an example for everyone how to keep ourselves safe in crypto because we're invested in a very dangerous sphere that could really prove hazardous to our money.
2474  Bitcoin / Bitcoin Discussion / Re: How do we get the women on board? on: November 21, 2018, 12:54:02 PM
Frankly speaking, the best thing would be not to ask any women about getting on board if it's related to crypto because they love to save, they're so supreme in their work and they love to bargain, as well as they think too much of ways to save more money instead of investing it anywhere. And to speak to them about crypto, you already know why I'm stopping you - because crypto is passing through its bad days and if such liquidity will be put in front of their eyes, they will become negative about it the first time they'll see it. So, let the charts stabilize a bit and then convince them to invest a piece of their savings into crypto. If it's about knowledge, draw them towards Bitcointalk only as this is the best place for them to learn anything about crypto sphere.
2475  Bitcoin / Bitcoin Discussion / Whoever wins the hash war, eventually the community will lose. on: November 21, 2018, 12:41:28 PM
"Guys, we are rekt." - This is all I'm getting to hear from most of my colleagues who invested in BTC (few based on my suggestion and others on their own consent). The trend that's been going on in the markets and have shaken up everything so hard, created a lot of mess and jeopardy of losing almost everything - the hash war between Craig Wright & partner Calvin Ayre against Roger Ver is one major cause for BTC to enter into a free fall. Not just limited to this, but we are also seeing bloodbath in all the alts except 1 or 2 like XLM and XRP which are performing well in this ultra-bearish period. It's not that I don't know that most of these concepts were bullshit from the very beginning and were destined to die till ground zero levels and there are some good projects as well, but they're getting crushed down for no reason except panic of BTC falling for which everyone is selling their alts, and when they get their BTC, they either sell them or buy BCHABC (based on current volumes over exchanges). Does it show that the technology underlying is not worth anything and people can become victim of any such bastards anytime and would sell off their money (Yes, BTC is your money) for lower? Second bad news is - Bakkt, which was our first and last hope for BTC to enter the bull run, has been delayed.
2476  Economy / Speculation / Re: BTC 4000$ and ETH 100$ Now, what happened in crypto market? on: November 21, 2018, 09:20:45 AM
Meh, I don't think anyone seriously think CSW has access to any quantity of bitcoins (beyond the few that he has mined).

Whatever he did, he presented everything in such a manner that all his sub-whales dived in the well at his one single order (or maybe, a few big bears grabbed advantage of the opportunity and did what they wanted - gave a shot to bulls who went so weak after such statement of dump publicly arrived).

Quote
I do think the Bcash and BSVision (ha, love that the Bcash people used this tactic) dumpster fire had some impact (public perception, people perhaps seeing Bitcoin and crypto generally as being vulnerable to forks, people believing nonsense about CSW wanting to destroy the price of Bitcoin, etc).

It wasn't really the belief in utter nonsense of CSV but the fear of Roger Ver shifting all the mining power of BTC.com from mining BTC to BCHABC.  

Quote
There's also the DoJ investigation into market manipulation (Tether related) and, of course, the crumbling of the ICO market (quite possibly encouraging founders to sell the last bits of their ICO proceeds and reducing demand for bitcoins and Ether from people who might otherwise have been encouraged to buy into ICOs).

Throw in FUD media pieces to add an air of inevitability to it all.

It will pass. Grin

Comparison of big fat BTC wallets with these ICO guys is literally worth nothing as they can all even can't make it down to 20 bn and what we saw was a freefall with all those big wallet holders selling off a big % to swipe off their BTC of markets through fiat.
2477  Economy / Service Discussion / Re: I’m planning to invest some btc in profitcoins. should I do it? on: November 20, 2018, 01:24:25 PM
I came across a news report about profitcoins.io and now I’m wondering if I should invest some btc there or not. What do you guys think?

First thing:
Do Your Own Research before putting your money into anything.

Second:
Seeing the market conditions, I'd currently prefer no trades as even I took a loan recently for loan purpose but I've yet not purchased anything under the fear of getting dumped anytime due to those 2 BCH clowns playing hard with the sentiments of people like you and me as well as the whole markets and manipulating everything like hell, this looks like an end has come, but I believe this is the time to wait and hold our assets in BTC or USDC/TUSD/USDT if you believe Bitcoin could drop more.
2478  Economy / Speculation / Re: BTC 4000$ and ETH 100$ Now, what happened in crypto market? on: November 20, 2018, 11:51:15 AM
The fight between two big groups who've once been supporters of BTC - Roger Ver and Craig Wright (and his underground partner Calvin Ayre) about what to mine and which one to support (Craig came with BSV Bitcoin Satoshi's Vision concept whereas Roger had been supporting his very founded coin BCHSV). Craig warned publicly through media that if his coin doesn't get sufficient hashrate, he'll then need to buy more power for which he won't hesitate to drop BTC down even under $1000 and the sudden move of BTC from 6200 straight down to 5700 in a matter of hours shook the whole market due to which investors lost their confidence in crypto sphere and we're seeing the most awaited bloodbath in the history of crypto that swiped away more than 40 bn in just one day.
2479  Economy / Lending / Re: Lending Service Started! (BTC/LTC/ETH/DOGE/ETC/PayPal)! on: November 18, 2018, 02:05:29 AM
BTC amount: BTC0.1
Interest rate: 10% per month
Duration: 2 months
Total repayment: BTC0.12 (BTC0.01 on 16 Dec, 2018 and BTC0.11 on 16 Jan, 2019)
If (and only if this is) extended, 5% weekly will be given over remaining amount.
Purpose: Trading
Bitcoin address: 152TcuxXj4RB51jFbjr3WDUAHUTRqX3hKz

Signed message below:
Code:
Date: 16 November, 2018     This is Stedsm asking for 0.1 btc loan, terms mentioned above.
---------------------------
bc1qw9jzfa0wyjflxlq9e9cuyy6gj32hwcmzsxftn5
H1oe6UZ+WP87S1W32CLnRS9G5pN5BMOEMDQMwfty2i3OG9VyFqptvXsfoz8fjm9XXOdvO3uECRXR+bJBiFqvb68=
Loan request and terms accepted.
Signature verified.
BTC sent
Trx: https://www.blockchain.com/btc/tx/ae76990816d1f64fba6d605f8cad1cc3dc574398c2ab7a589313f014319d0e55
Repayment address: bc1qe49zeuwmg8whqa26jgn5pzm6ul4fzpdccz9s4l
Please repay as on terms.

I confirm that I've got the amount, I've waited longer for confirmation but it didn't take the transaction even in more than 2 blocks and I slept afterwards, which is why I didn't confirm yesterday itself.
And yes, I'll pay accordingly.
2480  Economy / Lending / Re: Lending Service Started! (BTC/LTC/ETH/DOGE/ETC/PayPal)! on: November 17, 2018, 12:43:34 PM
BTC amount: BTC0.1
Interest rate: 10% per month
Duration: 2 months
Total repayment: BTC0.12 (BTC0.01 on 16 Dec, 2018 and BTC0.11 on 16 Jan, 2019)
If (and only if this is) extended, 5% weekly will be given over remaining amount.
Purpose: Trading
Bitcoin address: 152TcuxXj4RB51jFbjr3WDUAHUTRqX3hKz

Signed message below:
Code:
Date: 16 November, 2018     This is Stedsm asking for 0.1 btc loan, terms mentioned above.
---------------------------
bc1qw9jzfa0wyjflxlq9e9cuyy6gj32hwcmzsxftn5
H1oe6UZ+WP87S1W32CLnRS9G5pN5BMOEMDQMwfty2i3OG9VyFqptvXsfoz8fjm9XXOdvO3uECRXR+bJBiFqvb68=
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