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2601  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][$TAU PRESALE]🔶LAMDEN🔶Blockchain Interoperability & Rapid Development on: December 29, 2017, 06:10:56 PM
Lamden has been a breath of fresh air but i really wonder whether its being kept hushed or the marketing is intentionally low. The quality of updates and ideas is really cool.
The ideas proposed in the whitepaper also give a very good chance for beginners to understand. Though what is the main chain in case of Lamden and what will be the consensus mechanism??
How is it going to avoid the present pitfalls of existing chains??
2602  Bitcoin / Bitcoin Discussion / Re: Question on the bitcoin holders: Cryptoeconomics after the US-Dollar on: December 28, 2017, 06:01:44 AM
Your Bitcoin is essentially worthless if you can't cash it out or use it as a form of currency. I can't see how you're a Sr. Member, yet still imply that BTC is worth what it is because of it's tie to US Dollars... When the USD crashes (yes WHEN, not IF), Bitcoin prices will RISE if anything... And not only can you exchange BTC to other crytpos fairly easily, you can cash out in any currency you choose, or choose any BTC-to-Credit Card service out there to withdraw from ATMs or use BTC on-the-fly at any merchant that accepts CC.

Not only that, there are plenty of merchants online that now accept BTC...

With all that said, as long as there is movement around transactions for BTC, the hodlers have nothing to worry about. And seriously speaking, I hope you don't think that there won't be a crypto economy when the dollar crashes. I can only see crytpocurrency getting stronger at that point. Crypto is the new form of currency.

I get the passion about bitcoin, the technology and its potential to free people's investments from the whims of the federal reserve and its coeterie of investment banks.
What I don't get is how could "crashing of USD" be a good thing?? If USD crashes, that'd essentially leave the US unable to do a lot of things that it does and has done in the world. (Despite Trump and white supremacists). If the currency that the government uses, loses its value, how is it going to defend the country, fund the public facilities and pay its army of employees that make the economy work.

So, In my opinion, there's never gonna be a "USD crashing" scenario. The strongest (and most belligerent when cornered) country in the world won't allow it. Especially with all the discrepancy in Bitcoin hashing power. Its not even a good scenario to contemplate. You really don't want the monotonous chinese to become more powerful and dictate policy to the world. I think despite its many flaws, the US has acted as a stabilizer in the world. I doubt any other country would have done any better.

What may actually happen with crypto is that it may allow millions of middle-class people to grow wealth the way the top 1% have been doing for decades. A middle-class person works his ass off to earn what the top people move around in a day. That discrepancy in "creating wealth" has what has caused so much problems.

With crypto, there is a chance that anybody willing to put in their brain-time to understand the ecosystem will earn for himself a comfortable keep. Of course, the 1% will swell due to the early adopters and I suppose a lot of them would be here from bitcointalk.org.. Cool How cool is that??!!

As far as OP is concerned, well that old Neo-Morpheus meme perfectly sums it.."You won't need to dodge bullets"..Crazy shit.. Cheesy
2603  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] BankEx - Proof-of-Asset Protocol. Up to $1M in rewards on: December 27, 2017, 03:45:00 PM
Hi! Can you please check why there is no my name in spreadsheet, because I know that I fill registration form and I always check at the beginning spreadsheets to be sure is it all correct. And at the beginning I was in this table..

And afterwards you never bother to check the status of participation ever..Do you have one of those bot facebook accounts wit 5000 friends  Grin
Its always possible to check back. The bounty ran for almost 2 months dude..
2604  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] BANKEX | Proof-of-Asset Protocol on: December 27, 2017, 06:08:39 AM
Congratulations to the whole team for a successful TSE. Excited to see the new application developments and partnerships from Bankex.
2605  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] BankEx - Proof-of-Asset Protocol. Up to $1M in rewards on: December 27, 2017, 06:07:10 AM
Congratulations to the Bankex dev team and the Bounty management team for successful token sale. The future beckons. We request for the signature and other stakes to be counted soon.
Thanks for the opportunity.. Smiley
2606  Bitcoin / Bitcoin Discussion / Re: One currency One world? on: December 26, 2017, 05:16:33 AM
One Currency, One world would be a dream come true for those who wish to tame the world and run it "in the most efficient way possible" for their benefit.

It is important to have diverging viewpoints and diverging interests to keep stuff moving. We need to learn to live together with our differences intact, not by removing those differences and making everything homogeneous.

From how things are going at preset, the most it can be is to be a method of reliable value exchange on a global scale. What bitcoin does is that it enables you to keep something valuable without the fear of being stolen/ compromised. This value stays intact when you cross borders unlike your Zimbabwean dollars. That in itself would solve a lot of problems like:
1. Access to keep some sort of value secure for those fleeing war-zones as refugees.
2. Enable people to keep savings safe from stupid government ideas or plain dictatorships.
3. Enable easier exchange of goods and services within the boundaries of a country and later between countries.

For this last point to come true, we still need a lot of self-regularization (that doesn't seem to be working).
One currency, one world isn't necessarily a good thing.
2607  Bitcoin / Bitcoin Discussion / Re: Why even holding your bitcoins? on: December 25, 2017, 03:14:51 PM
Why would I want to keep BTC in my investment portfolio? That's most hyped and quite overvalued coin I'd say.
There are other more technologically advanced coins. Is it because of "digital gold" and store of value properties?



Lot of reasons:
1. Its the one you need to get any of those other "technologically advanced" coins.

2. All of those "technological advancements"are more or less unproven, unimplemented and untested at the levels that BTC has seen. Both in terms of the transactions as well as the associated hardware. The only serious implementation that has seen that scale yet is ETH. Till then, all this talk about DAG, Tangles, Block-Lattices etc etc should not be taken at face value. If nothing else, you need to hold BTC as the hedge because its the only proven and widely used implementation.

3. Bitcoin has the most active developer community. And i guess they are quite a positive when you need "Technological advancements".

4. The "Digital gold", "commodity"and such definitions are media driven. Nobody really knows whats its going to become. Don't you want to stick around to know?

5. Lastly, you can always hold BTC along with īnvesting in the technologically advanced coins.
2608  Local / Mining (India) / Re: Alt coin mining - All that time and investment worth the pain ? on: December 25, 2017, 01:49:17 PM
The biggest issue you will face is the hardware availability here in India. As you are planning to get around 10 GPUs, if you buy them all from India then expect a minimum price of 30K per card, that is if you go for the AMD ones.
If you go for NVIDIA, then that around 45K per card.

A budget of 4.5 for 10 GPUs should get you the RX 570/ 580 rigs.

About the electricity fluctuations, you'll need a pretty solid stabilizer with almost 3KVA capacity for safe and stable operation. That would set you back by quite a bit.

Even then, its cool that you guys are planning this out. Let us know how it turns out. Good luck and keep learning..
2609  Bitcoin / Bitcoin Discussion / Re: I sold everything on: December 22, 2017, 09:19:08 AM
I cashed in 2 days ago too.

Most of my investments where held for 6 months+.

Signs the bubbles was about to pop:

Jump from $500 billion to $620 billion market cap in a matter of days.

Coins with little technical merit, no product and no utility reaching eye watering market caps.

Charlie Lee selling his LTC.

ICX not taking off as expected / hoped.

Bitcoin making national / international news on a daily basis.

I'm sure there's other stuff too. But it just didn't feel right.

Good analysis. I too had plans to cash out a little. At least the principal amount but somehow held on because I really didn't want to sell. If i could afford to put more I would. The technology and its potential is so exciting that i really want to have a stake in it someday, however small it maybe in monetary terms.
Thats the reason I really am not selling. I only see my tokens/ cryptos as little potential pieces of future all held together on a distributed network. I find that exciting and really just want to invest more in learning about it.

I think if that is how you view the crypto space and general and bitcoin in particular, you don't need to sell.

Op sounds like you are interested in the tech yourself, so yeah, try to find time and immerse yourself in it a bit. There is a whole world out there and there is free lessons fro everyone in this. The range of Subjects is right from Math and Computer science to Marketing, Politics and human greed.
Exciting eh!
2610  Alternate cryptocurrencies / Mining (Altcoins) / Re: Asus Rx 580s mining in linux for eth - power, modding etc ? on: December 21, 2017, 05:54:02 PM
Well..

now I know things about this card.. but still its an issue for me , I am not using it in my rig currently as now my xubuntu is not able to see it but I am able to hash at 29Mh/s in windows with it.

Continued: https://bitcointalk.org/index.php?topic=2567650.msg26438909#msg26438909

Got down to business with the Asus Radeon RX580 OC8 GB finally. This is my first experience mining so i started with trying the stock bios and latest drivers. As testified in so many other places at the forum, they suck.
Followed the nice instructions given here by Matthev: https://bitcointalk.org/index.php?topic=1954245.0 to get to around 26 MH/s with Memory clock at 2000 MHz.
I then used the OverdirveNT tool to set Memory to 2150Mhz and its going at 30 to 30.5.
I'll leave it overnight and wait for those temperatures to stabilize.

Next comes underclocking and undervolting for which i need to read more. This is a fun thing to do. Hoping to setup the mining thing quickly and then get down to learning other stuff.

Sorry this is nothing on Linux, all on Windows. Will update with my experience later.
2611  Bitcoin / Bitcoin Discussion / Re: Bitcoin or Bitcoin Cash - What is the future bitcoin on: December 20, 2017, 04:16:04 PM
Bitcoin Cash shouldn't get to be a competitor just because they went ahead with a hard fork to increase the block size. Its built up on hype, manipulation and much else rather than just plain innovation or improvements.

The network is not really being used and thus being hailed as some sort of innovation that has solved the transaction issue, at least that is how people are trying to market it. If it had some other improvements that would give it legitimacy than just an increased block size then we could have had a contender. But no, just like the thousands of copy cats, it is but just another alt.

Bitcoin is the future bitcoin!!
2612  Alternate cryptocurrencies / Mining (Altcoins) / Re: Asus RX580 8G for Ubuntu, clueless on: December 19, 2017, 04:20:07 AM
I patched again just for trial with HYNIX straps available online from 1500+ , this time able to get ~29+ MHz , with -asm 1

-cclock 1200
-cvddc 850
-mclock 2080
-mvddc 850
-tstop 85
-tt 65
-fanmin 40

However, its on windows, can't make Linux to see this card :
Details here : https://bitcointalk.org/index.php?topic=1433925.msg26436260#msg26436260

I haven't yet started setting up things for mining but this does seem to be a problem. Ubuntu on live disk kept showing some amdgpu errors while the Asus RX 580 OC 8 GB was on board. Removed it and it worked fine.
Ubuntu 16.04.3 LTS is giving this issue. Will have to go ahead with windows for now it seems.

Also I guess you have already seen this but still sharing. The author describes a build of RX 580 on Ubuntu for ETH. I couldn't get Ubuntu to work for now (lousy, i know)but maybe this will help you..
2613  Alternate cryptocurrencies / Mining (Altcoins) / Re: Asus RX580 8G for Ubuntu, clueless on: December 19, 2017, 04:16:31 AM
I patched again just for trial with HYNIX straps available online from 1500+ , this time able to get ~29+ MHz , with -asm 1

-cclock 1200
-cvddc 850
-mclock 2080
-mvddc 850
-tstop 85
-tt 65
-fanmin 40

However, its on windows, can't make Linux to see this card :
Details here : https://bitcointalk.org/index.php?topic=1433925.msg26436260#msg26436260

I haven't yet started setting up things for mining but this does seem to be a problem. Ubuntu on live disk kept showing some amdgpu errors while the Asus RX 580 OC 8 GB was on board. Removed it and it worked fine.
Ubuntu 16.04.3 LTS is giving this issue. Will have to go ahead with windows for now it seems.
2614  Local / India / Re: GainBitcoin REBOOT: Amit Bhardwaj to terminate all contracts as homegrown MCAP on: December 18, 2017, 01:32:05 PM
These guys will stop at nothing. Their fake exchange website www.bitcoingrowthfund.com has now been converted into some sort of investment destination for ICOs.
Its hilarious. Same promises of the star and fake professionalism on full display. The related ICOs have even started a bounty campaign now. Its such a huge population that surely some of them will fall for these and give their small earnings to these scammers again.

Check this out, DenCity ICO which has been appearing on their scam website bitcoingrowthfund for sometime now.

https://bitcointalk.org/index.php?topic=2604805.msg26545536#msg26545536
2615  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY Thread]-DenCity (Upto 1100K$ To Share)-Biggest ICO Ever on: December 18, 2017, 01:29:25 PM
How could you be sure that this project is the biggest ico ever? Do u have any proof? I want to see it

All these ICOs going on are pretty risky and few of them are legitimate. Its hard to tell which are real.
DenCity is one ICO, I am 110% sure is meant to loot whatever investment they can garner. These guys are even sending out SMS to phone numbers.

DenCity is one of the many ICOs being floated by the people behind the website www.bitcoingrowthfund.com. This website gave MCAP tokens to gullible idiots in return of their BTC and was a classic cloud mining scan. For more, read these links:

Amit Bhardwaj/ Kumar and a Hashocean clone named Gainbitcoin
https://bitcointalk.org/index.php?topic=1440600.0

Is bitcoingrowthfund a Scam?
https://bitcointalk.org/index.php?topic=2283019.0

Anything that has anything to do with BGF, I would advice you not to touch it even with a 10ft. pole. If the boutny gets you free tokens (useless that they maybe) then good. BUT DO NOT INVEST WITH YOUR BTC OR YOUR ETH OR ANY REAL MONEY.

They will run with it like they always have. Even the bounty manager maybe unaware of this because he is well, just some crypto enthusiast with a Bitocintalk account. You can't fault him.


2616  Alternate cryptocurrencies / Mining (Altcoins) / Re: Asus Rx 580s mining in linux for eth - power, modding etc ? on: December 18, 2017, 09:03:55 AM
Hi,

So far I have experience with Nvidia cards for mining , all it takes is modifying some clock settings and you get best from card. However, for another rig I am planning Radeon Rx580, from a local shop, I can get Asus RX 580 Dual OC at decent price and are readily available (surprisingly).

If anyone has used those cards then please help me with :
1. Are these cards good for mining (have gone through hours of posts on various forums, people were able to mint 31+ mhs on these if Samsung memory,30+ if hynix) with modding and overlocking.
2. I understand, it needs modding , will it be easier or this card ?
3. I can't get any mean power consumption, some says they  hare on 120W, some says 135W and some even said 95W for best possible hash rate.
4. Above all, are these cards better than 1060 in overall hashes, price and power ratio ? , at my place, 1060 6G is little cheaper than this one.

Thanks

I just got my hands on one of these and have only just finished assembling the stuff. I am aiming to finish Ubuntu installation and begin mining with the default settings first as this is the first time I am trying this.

I am yet to start so of course have a lot to learn. A post about RX580 is here which says these are good for dual mining. https://bitcointalk.org/index.php?topic=1881008.0
So I am going to follow that as a guide.

BIOS modifications seem to be necessary to get these to work so I'll explore that too. It worries me to read from your experience that you couldn't find anything on the topic anywhere. Sad
But its good to see some one else aiming for the same so I'll do it and let you know how things work out. You share what you find. Thanks!
2617  Local / India / Re: Owners of GTX 1060 and 1070 VIEW HERE.!!!!!!!!!!!!!!!!!!!! on: December 17, 2017, 05:14:49 AM
Afterall, its all about insider trading and information in the crytpo world right now..
What Huh

I meant it in a playful "help out a bro" tone. Traders are making money through manipulations right now and information is what can get you rich quickly in crytpo. This phase is about to get over with mass adoption though and we all hope the market becomes focusses on products soon enough.

Anyways, Those of you who are buying GPU's, how are you usually going about it.
2618  Bitcoin / Bitcoin Discussion / Re: ☃☃☃ The #1 Factor Driving Bitcoin Prices ☃☃☃ on: December 16, 2017, 05:08:42 AM


Quote
1. Not every one of them will decide to sell their BTC at the same time.

This is a huge and dangerous assumption to make. In reality we cannot see into the future and know. Some unforeseeable event could cause mass selloff etc

I am talking about your fear of the initial adopters selling billions of USD worth of BTC and crashing the market. I say they won't all do it because some people really are in it for the belief they have in it.
The unforseeable future can crash anything, not just bitcoin. We still have to make our assumptions based on the information we have. Those are:
1. Bitcoin has the largest group of miners working to maximize their profits and their hardware investments are a big deal for them. Not something they'll let go in a junkyard sale.
2. The early adopters see this as a long term thing unlike the latest incomers jumping onto the hype train. It has been made clear from the beginning that one should only invest what they're willing to lose. If they fall for scams or take too much risk, well, that human nature and people find multiple ways to bankrupt themselves all the time.

Both of these groups aren't selling off their investments anytime soon in a combined, concerted effort. Even if they do, I don't think they'll be able to move money quickly enough.

2619  Bitcoin / Bitcoin Discussion / Re: An Open Letter to The Bitcoin Community on: December 16, 2017, 05:00:05 AM
Increase in block size is one of the solutions that bitcoin core has not supported. If they do it now, temporarily, then it will be a difficult to defend decision. Increasing the block size will in fact give more legitimacy to BCC.
Personally, I don't understand this fear of competition from other cryptos. If the new capital goes to other cryptocurrencies, that is not necessarily a bad thing.

I am pretty sure that the core developers and early adopters have sufficient capital to keep the developments going. Doing temporary fixes by going back on your own word will only show that Bitcoin is willing to compromise on the values it defended so staunchly at another point of time.

As of now, Bitcoin has already seen huge growth. If the network cannot successfully handle this growth then its better to let the other ecosystems grow while bitcoin comes up with some innovative fixes.
2620  Bitcoin / Bitcoin Discussion / Re: ☃☃☃ New Crypto Idea! ☃☃☃ on: December 14, 2017, 05:33:26 PM
I think they are alts just making posts and talking to each other increasing their posts counts. They have done around 200 posts in last 2-3 weeks and guess what they make most of the conversations with each other. When have you really seen a person quarreling upon an issue that another member instead of replying him on the thread created another thread.

I guess you are right. This is not good. It looks like the moderators have given up to this flood too..!! Shocked The guy has like 200 posts in 5 days..And he'll bring in his buddies in a while to vouch for him!
This is a post apocalyptic landscape and these Alts and shit-posters are "The Walkers"..Where do all you zombies come from??..lol

Lets survive!
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