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25581  Economy / Games and rounds / Re: ¦¯¦¦¯¦ Rollin.io Free Lottery Tickets ¦¯¦¦¯¦ Daily Giveaway ¦¯¦¦¯¦ 1679 mBTC won on: March 25, 2017, 02:53:38 PM
The following Rollin users received Free Lottery Tickets (Ticket number(s) shown behind the name):
Anais_58xi 1
13x BitLab 2,3,4,91,92,93,94,95,96,97,98,99,100
16x CASIO 5,6,7,8,9,10,251,252,253,254,255,256,257,258,259,260
3x Drait 11,12,13
2x Dress 14,15
3x Erikalui 16,17,18
Ghostbystive 19
IIO 20
2x Llozer1 21,22
3x Mayglia 23,24,25
9x Naoko 26,27,28,29,30,31,32,33,34
6x RefbackTeam 35,36,37,38,39,40
RemoteConsoleXD 41
2x Rhoiry 42,43
SergiuS 44
4x SimpleRed7 45,46,47,48
6x aRp 49,50,51,52,53,54
angayan17 55
2x artcode 56,57
3x ashitha 58,59,60
3x batakoluck 61,62,63
9x hitava 64,65,66,67,68,69,70,71,72
litelord33 73
3x logged 74,75,76
2x maksosip 78,79
12x natsag3 80,81,261,262,263,264,265,266,267,268,269,270
3x only 82,83,84
6x psonowa 85,86,87,88,89,90
2x rajapalak 211,212
shakie0901 213
9x shanem 214,215,216,217,218,219,220,221,222
9x singpays 223,224,225,226,227,228,229,230,231
9x somuchee 232,233,234,235,236,237,238,239,240
3x star2343 241,242,243
timoteo 244
4x vavilon 245,246,247,248
2x visions 249,250

PvP 77

If you posted your name but didn't get tickets, one of these options is most likely the cause:
  • You used the wrong format in your post. Use this format: Username: Loyce
  • The username you posted doesn't exist on Rollin.io
  • You never talked in Rollin Chatter Box
  • You have Red Trust on Bitcointalk
  • You are Blacklisted for abusing this giveaway
  • You have already claimed Free Tickets today
  • You posted shortly before I posted this, and your post wasn't there yet when my Scraping Bot checked for new posts. If this happened, your post will be included in the next run.
You can always send me a message.

Happy Hour:
Username : CASIO

username: natsag3

Username: BitLab


Next Draw is at Block 459000.
Lottery pot: 27 mBTC.
Good luck!
25582  Bitcoin / Bitcoin Discussion / Re: Who is getting out? on: March 23, 2017, 04:18:41 PM
Like You, I'm staying put and I'm keeping my Bitcoins in my Priv-Key owned wallet. If peradventure, A Hard fork eventually happens, I'm choosing the Majority in such situation.
You wouldn't have to choose a chain, your coins will be on both. If you spend them together with newly mined coins that exist on that chain only, there is no risk of your transaction appearing on both chains.

I prefer to get bigger blocks without a fork, but if it's going to take a fork, it may be a good thing for Bitcoin if it can finally handle more transactions.
25583  Economy / Economics / Re: Why dumps are important on: March 23, 2017, 10:37:20 AM
In the case of the lack of major news (either positive or negative), the price is pretty stable right now.
I think we have a different definition of "stable". Not many stocks go up and down as much as Bitcoin. The same for currencies.

Quote
It is almost certain as well that the coins dumped are bought by a lot of independent traders, and therefore the wealth distribution is set to level out eventually.
I have a different theory: pump & dump is used to manipulate the market. The ones doing it are referred to as "whales". From my experience, they use a pump to increase the value of their Bitcoins, while inreasing demand. When the order book is filled with enough people willing to pay a high enough price, they dump their coins.
When panic sells start, they buy back their coins. In the end, the whale holds more dollars and more Bitcoins.
That's also why the term "weak hands" is used for people who panic sell once the price goes down.

But this theory is still not without its weak points

For example, while it is certainly true (well, at least, I think so) that unexpected, out of the blue dumps are caused by cryptowhales liquidating their stashes, but what about pumps? It could be said that pumps are in fact offsetting the leveling out effect of dumps. And while dumps contribute to more even wealth distribution, pumps certainly work in the opposite direction, i.e. contribute to wealth centralization (accumulation) in fewer hands.
It's nice to notice Bitcoin's price usually goes up slowly, and drops quickly. Also, drops go in stages: while dropping it usually goes up a bit again, only to drop more. I think this is meant to increase the price again before the whale sells more coins.
Looking at price graphs, I feel like Bitcoin "wants" to go up in price, but it's being held back by dumps.

In stock trading, "the common man" like you and me on average buy and sell at the wrong moments compared to the professional traders.
While pump & dump strategies are illegal on the stock market, Bitcoin is unregulated, which makes is a perfect playground for whales.

There is a thread that analizes MtGox-data, but unfortunately I can't find it back. It showed the large majority of users owns only a very small amount of Bitcoins, while only a few people own a lot. Basically, that's the same as the real world: the top 1% owns more than the bottom 50%. I doubt that's going to change any time soon in Bitcoin.

Right now, the Bitcoin market has achieved sufficient scale to prevent market manipulations.
I don't think so: some actors still own more Bitcoin than exchanges trade per day. If they sell all, they influence the market.
25584  Economy / Games and rounds / Re: [Primedice.com] Giveaway for Everyone! - Return of fortnightly giveaways! on: March 23, 2017, 10:09:07 AM
Username : dsffdssdf
25585  Economy / Games and rounds / Re: ¦¯¦¦¯¦ Rollin.io Free Lottery Tickets ¦¯¦¦¯¦ Daily Giveaway ¦¯¦¦¯¦ 1679 mBTC won on: March 23, 2017, 08:32:48 AM
Congratulations Winners of Draw 458500:
#1 First Prize:
Visions wins 11 mBTC with Free Lottery Ticket #167
#2 Second Prize:
LotteryRain wins 5 mBTC with Lottery Ticket #115
#3 Third Prize:
LotteryRain wins 3 mBTC with Lottery Ticket #115
Total pot: 19 mBTC


Full Lottery Results are of course public.

The next Draw is at Block 459000. As always, you can claim Free Lottery Tickets every day.
Next server seed: 2KY3J0OYH186Id71mE7tT11933L1FLh8
25586  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: March 22, 2017, 06:30:26 PM
I had many Ethereums before, in 2015, but I sold most of them and I am regretful now, my average sell price is 0.003 btc according to poloniex, I missed a 10x gain.

Sorry to hear that. If the bitcoin is in trouble, the Ethereum will rise further.
Bitcoin and Ethereum prices often move in opposite directions. Ethereum is nothing like Bitcoin: it's centrally controlled, the millionaire-creator can hard fork basically whenever he wants (or needs) to save his interests, and it's attrackting attention from big corporations and banks ("the consortium").
Bitcoin on the other hand is unregulated. That's a feature, not a bug!
25587  Economy / Games and rounds / Re: ¦¯¦¦¯¦ Rollin.io Free Lottery Tickets ¦¯¦¦¯¦ Daily Giveaway ¦¯¦¦¯¦ 1668 mBTC won on: March 22, 2017, 12:35:03 PM
The following Rollin users received Free Lottery Tickets (Ticket number(s) shown behind the name):
2x BitLab 31,32
2x Drait 33,34
2x Dress 35,36
3x Erikalui 37,38,39
Ghostbystive 40
Humbertin19_ 41
Llozer1 42
2x Mayglia 43,44
6x Naoko 45,46,47,48,49,50
Pinkfloyd 51
4x RefbackTeam 52,53,54,55
RemoteConsoleXD 56
Scarface4 57
SergiuS 58
2x SimpleRed7 59,60
2x TaiChoco 61,62
4x aRp 63,64,65,66
2x angayan17 67,68
2x artcode 69,70
2x ashitha 71,72
2x batakoluck 73,74
2x cryptos 75,76
3x hitava 77,78,79
legend 80
lemur1230 131
litelord33 132
2x logged 133,134
2x maksosip 135,136
natsag3 137
2x only 138,139
rajapalak 140
shakie0901 141
9x shanem 142,143,144,145,146,147,148,149,150
3x singpays 151,152,153
6x somuchee 154,155,156,157,158,159
2x star2343 160,161
2x timoteo 162,163
tnecniv 164
tyagi 165
2x visions 166,167

If you posted your name but didn't get tickets, one of these options is most likely the cause:
  • You used the wrong format in your post. Use this format: Username: Loyce
  • The username you posted doesn't exist on Rollin.io
  • You never talked in Rollin Chatter Box
  • You have Red Trust on Bitcointalk
  • You are Blacklisted for abusing this giveaway
  • You have already claimed Free Tickets today
  • You posted shortly before I posted this, and your post wasn't there yet when my Scraping Bot checked for new posts. If this happened, your post will be included in the next run.
You can always send me a message.

Remaining ticket(s) donated in Rollin Chatter Box:
PvP 168,169,170

Next Draw is at Block 458500.
Lottery pot: 17 mBTC.
Good luck!
25588  Economy / Games and rounds / Re: ¦¯¦¦¯¦ROLLIN.IO¦¯¦¦¯¦ Bet ID Prediction ¦¯¦¦¯¦ $250 March Giveaway ¦¯¦¦¯¦ on: March 22, 2017, 08:09:58 AM
Closed for new entries
25589  Economy / Games and rounds / Re: ¦¯¦¦¯¦ Rollin.io Free Lottery Tickets ¦¯¦¦¯¦ Daily Giveaway ¦¯¦¦¯¦ 1668 mBTC won on: March 21, 2017, 11:00:27 AM
Congratulations Winners of Draw 458200:
#1 First Prize:
Ghostbystive wins 11 mBTC with Free Lottery Ticket #6
#2 Second Prize:
angayan17 wins 5 mBTC with Free Lottery Ticket #176
#3 Third Prize:
Drait wins 3 mBTC with Free Lottery Ticket #4
Total pot: 19 mBTC


Full Lottery Results are of course public.

The next Draw is at Block 458500. As always, you can claim Free Lottery Tickets every day.
Next server seed: Y32DTKYI3R17RN0P8O9EdS3J5Y837V81
25590  Bitcoin / Bitcoin Discussion / Re: If you want bigger blocks but hate BU... on: March 20, 2017, 10:43:05 AM
Yeah there is a reason on why it was lowered to the current block size, but I guess people will want to pretend Satoshi's first thoughts are law.
Satoshi also said it can be increased again in the future. Read satoshi's post:
Quote
It can be phased in, like:

if (blocknumber > 115000)
    maxblocksize = largerlimit

It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.

When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
This is 5.5 years ago now!
25591  Economy / Games and rounds / Re: ¦¯¦¦¯¦ Rollin.io Free Lottery Tickets ¦¯¦¦¯¦ Daily Giveaway ¦¯¦¦¯¦ 1616 mBTC won on: March 20, 2017, 10:22:15 AM
The following Rollin users received Free Lottery Tickets (Ticket number(s) shown behind the name):
Anais_58xi 1
2x BitLab 2,3
Drait 4
Dress 5
Ghostbystive 6
IIO 7
Llozer1 8
3x Naoko 9,10,11
2x RefbackTeam 12,13
Scarface4 14
11x SergiuS 15,16,17,18,19,20,21,22,23,24,25
2x SimpleRed7 26,27
2x aRp 28,29
angayan17 30
artcode 151
ashitha 152
6x hitava 153,154,155,156,157,158
logged 159
only 160
3x psonowa 161,162,163
3x shanem 164,165,166
6x somuchee 167,168,169,170,171,172
tyagi 173
tnecniv 174
Humbertin19_ 180

If you posted your name but didn't get tickets, one of these options is most likely the cause:
  • You used the wrong format in your post. Use this format: Username: Loyce
  • The username you posted doesn't exist on Rollin.io
  • You never talked in Rollin Chatter Box
  • You have Red Trust on Bitcointalk
  • You are Blacklisted for abusing this giveaway
  • You have already claimed Free Tickets today
  • You posted shortly before I posted this, and your post wasn't there yet when my Scraping Bot checked for new posts. If this happened, your post will be included in the next run.
You can always send me a message.

Happy Hour:
username: SergiuS


Remaining ticket(s) donated in Rollin Chatter Box:
artcode 175
angayan17 176
aRp 177
lolgato 178
Dress 179

Next Draw is at Block 458200.
Lottery pot: 18 mBTC.
Good luck!
25592  Economy / Services / Re: Pretty Addy Giveaway - part 2 on: March 19, 2017, 10:19:45 PM
Is there a chance of getting 1Simeon  from LoyceV ? Either Case Sensitive or Case insensitive. Any will be appreciated.
It's too difficult for this giveaway, I can get it for 0.005 BTC with exact case if you want. It will take a few days to complete.
25593  Economy / Games and rounds / Re: ¦¯¦¦¯¦ Rollin.io Free Lottery Tickets ¦¯¦¦¯¦ Daily Giveaway ¦¯¦¦¯¦ 1649 mBTC won on: March 19, 2017, 05:40:44 PM
Congratulations Winners of Draw 458000:
#1 First Prize:
angayan17 wins 19 mBTC with Free Lottery Ticket #68
#2 Second Prize:
BitLab wins 9 mBTC with Free Lottery Ticket #3
#3 Third Prize:
hitava wins 5 mBTC with Free Lottery Ticket #86
Total pot: 33 mBTC


Full Lottery Results are of course public.

The next Draw is at Block 458200. As always, you can claim Free Lottery Tickets every day.
Next server seed: d4OI4P574W2vX81UC31J6XU3GdBW8B92
25594  Economy / Economics / Re: Mining fees will eventually kill bitcoin on: March 19, 2017, 10:51:33 AM
I get the feeling wallets are "overdoing" fees when it's totally unnecessary.

1. There are currently 1480 Unconfirmed Transactions.
2. bitcoinfees.21.co claims the "fastest and cheapest" transaction fee is 220 satoshi/byte, resulting in 49,720 satoshis for a 226 bytes transaction. (is this site owned by miners?)
3. btc.com says the current best transaction fee is 20 satoshis/byte, less than 10% of the recommendation from bullet point 2:

The above screenshot shows that most transactions with less than 10 satoshi per byte confirm quickly.

Now, what fees were used in the last 4 blocks?
457952: 55987037 satoshis for 998.18 KB resulting in 54.8 sat/byte
457951: 141344188 satoshis for 998.064 KB resulting in 138.3 sat/byte
457950: 206531288 satoshis for 998.136 KB resulting in 202.1 sat/byte
457949: 171280224 satoshis for 996.719 KB resulting in 167.8 sat/byte

I can only conclude wallet software is now massively over-estimating the required fee for a fast transaction, and we're all paying much more fees than needed when there aren't many unconfirmed transactions waiting.
And even worse, when there are a many transactions waiting, these same fees still mean we wait long.
25595  Economy / Games and rounds / Re: ¦¯¦¦¯¦ Rollin.io Free Lottery Tickets ¦¯¦¦¯¦ Daily Giveaway ¦¯¦¦¯¦ 1616 mBTC won on: March 19, 2017, 08:37:10 AM
The following Rollin users received Free Lottery Tickets (Ticket number(s) shown behind the name):
Anais_58xi 1
13x BitLab 2,3,4,5,6,7,8,9,10,11,12,13,14
8x CASIO 15,16,17,18,19,20,21,22
2x Drait 23,24
2x Dress 25,26
Ghostbystive 27
IIO 28
2x Llozer1 29,30
4x Mayglia 31,32,33,34
9x Naoko 35,36,37,38,39,40,41,42,43
8x RefbackTeam 44,45,46,47,48,49,50,51
Scarface4 55
SergiuS 56
2x SimpleRed7 57,58
8x aRp 59,60,61,62,63,64,65,66
angayan17 68
artcode 69
3x ashitha 70,71,72
3x batakoluck 73,74,75
2x cryptos 76,77
12x hitava 78,79,80,81,82,83,84,85,86,87,88,89
2x litelord33 90,91
4x logged 92,93,94,95
12x maksosip 96,97,98,99,100,101,102,103,104,105,106,107
11x natsag3 108,109,110,111,112,113,114,115,116,117,118
4x only 119,120,121,122
2x rajapalak 123,124
12x sairji 125,126,127,128,129,130,131,132,133,134,135,136
scarface4 137
shakie0901 138
9x shanem 139,140,141,142,143,144,145,146,147
9x somuchee 148,149,150,261,262,263,264,265,266
2x timoteo 267,268
tnecniv 269
tyagi 270
4x visions 52,53,54,67

If you posted your name but didn't get tickets, one of these options is most likely the cause:
  • You used the wrong format in your post. Use this format: Username: Loyce
  • The username you posted doesn't exist on Rollin.io
  • You never talked in Rollin Chatter Box
  • You have Red Trust on Bitcointalk
  • You are Blacklisted for abusing this giveaway
  • You have already claimed Free Tickets today
  • You posted shortly before I posted this, and your post wasn't there yet when my Scraping Bot checked for new posts. If this happened, your post will be included in the next run.
You can always send me a message.

Happy Hour:
Username: BitLab

username: sairji

username: maksosip

username: natsag3


Remaining ticket(s) donated in Rollin Chatter Box:
-

Next Draw is at Block 458000.
Lottery pot: 27 mBTC.
Good luck!
25596  Economy / Speculation / Re: That's time that's sure : we are in a pump on: March 18, 2017, 04:36:52 PM
Everything going as predicted. No bitcoin ETF, big dump followed by a slow but steady rise. We will see the price jumping a lot really soon,1800$ BTC soon.  Wink

I donot think so. That will only happen after the block size is increased.
I've said this before, and believe it more and more now. Bitcoin's first real improvement in years could have a very good effect on it's price.
Especially after the ETF-denial, current Bitcoin volatitility, emerging alt-coins and months of slow confirmations, Bitcoin could use some good news.
25597  Bitcoin / Bitcoin Discussion / Re: Need help understanding BU on: March 18, 2017, 10:26:50 AM
Hmmm... The poor "average user" who asks : "what happens to my BTC?" must feel really puzzled...Too bad that even the BTC experts cannot agree on how the BTC system works.  Huh
I'm using Bitcoin for more than 2 years now, and I've known about it pretty much from the start (the regrets are real there), and it's still confusing me. I'm not an expert, I'm a user. I've also noticed many users don't really understand the basics of Bitcoin, from fees to unconfirmed transactions.
In my opinion as a user: transactions are either too slow, or too expensive, and "the ones in charge" disagree on how to proceed from here, up to the point that "rumors" of a hard fork are getting stronger. I also think this is damaging Bitcoin, other coins are pumping up, reducing Bitcoin's market share (as percentage of coin market cap).

Another thing that's confusing: the name "BTU"! Wiki:
Quote
The British thermal unit (Btu or BTU) is a traditional unit of heat; it is defined as the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit.
Please don't use this abbreviation for Bitcoin Unlimited! Call it BU, BTCU, BitU or UBTC, just not BTU.

Note that if Core decides that it is time for a 2 megabyte (or larger) block, Unlimited will NOT fork (unlike any legacy core nodes).  It is already prepared to automatically accept those 2 megabyte blocks just fine.  Meanwhile, anyone that doesn't upgrade their Core clients before the activation date for larger Core blocks will get left behind.
Why doesn't Core just do this? This discussion has been going on for too long already.

Further reading (CoinDesk): Bitcoin Exchanges Unveil Hard Fork Contingency Plan
I'm kinda excited to see what will happen. I just know something should happen to improve Bitcoin's user experience.
25598  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Dogecoin have a future? on: March 18, 2017, 09:55:13 AM
... since it has been quite some time that no new version of the QT wallet has been mentioned, neither some innovation to keep it going for the long term.
As long as it works fine, it doesn't need "innovation". Don't get fooled by the "we need innovation"-hype.

Quote
It would become ideal for Dogecoin to add SegWit to its code, and gain traction if it gains acceptance from the miners.
SegWit is only needed to work around the small blocks in Bitcoin. Doge is much faster, and making a transaction is about 25,000 times cheaper than Bitcoin. There is absolutely no need for the hassle of SegWit.

Quote
Nevertheless, Dogecoin is a great cryptocurrency being inexpensive and relatively stable, making it a great way to tip others or send micropayments faster than BTC at a fraction of the cost.
I've always liked Doge for this. It's quite stable in dollar, the Bitcoin-value varies wildly caused by the fluctuations in Bitcoin's own value.

What I don't like much about it, is how it's mined: it quickly produced 100 billion coins, and now continues to produce 5+ billion per year. See https://dogechain.info/statistics for a graph.
It's designed for inflation, but that might also be what keeps fees low.
25599  Economy / Economics / Re: Mining fees will eventually kill bitcoin on: March 17, 2017, 10:11:15 AM
You got my point absolutely wrong

First of all, Bitcoin transactions cannot be scarce by definition, otherwise blocks wouldn't be full (according to your logic). There is an outright contradiction in these few sentences above, i.e. transactions are scarce while blocks are full (that's an impossible combination).
Maybe we have a different definition of the word "transaction". When I say "transaction", maybe I should have used the word "confirmed transaction". It's not that Bitcoin has a lack of people wanting to make transactions, the scarcity limits the number of possible transactions that can be confirmed.
25600  Economy / Economics / Re: Mining fees will eventually kill bitcoin on: March 17, 2017, 08:40:37 AM
Before anything, if the amount of profit obtained per block goes up, that should necessarily cause the fees to drop, nor rise (in a free market). I guess this is the first thing that should happen if there were a genuine competition between miners.
This would happen in a free market. If it becomes cheaper to produce bicycles, sales prices can go down.
But Bitcoin transactions are scarce. Unlike new bicycles, users have to compete with eachother.

If blocks wouldn't be full, it would make perfect sense to pay a lower fee (measured in Bitcoin) if the Bitcoin-price (measured in USD) goes up.

Suppose Bitcoin could handle 8 times more transactions. Fees would be lower, but more transactions means more fees anyway. And more importantly: Bitcoin could facilitate 8 times more users, which means the price could go up an order of magnitude. How can miners not see this?
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