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2621  Economy / Economics / Re: China Has a Trick up Its Sleeve on: January 01, 2016, 08:11:40 PM
Very well written article, thanks! Passed on by Twitter and Facebook.
2622  Bitcoin / Bitcoin Discussion / Re: BLOCKSTREAM Appreciation Thread on: January 01, 2016, 02:26:41 AM
I appreciate anyone coming up with new ideas for Bitcoin.  Hope to hear many new suggestions and ideas from Blockstream over the next 12 months.
I've got news for you.... you've gotten all you are going to get.  The Core Dev Team is a failed sham.  They've given you their solution.... Lightening Network/Liquid/Blockstream.  Period.  Under no circumstances will there be any meaningful discussion that includes raising the block size, making it intelligently scalable based on growth.  This way they protect what is important to them.... THEIR CONTROL OVER THEIR ECONOMIC BUSINESS MODEL.

Keyword above is "business".  They have a HUGE conflict of interest in that they are making decisions based on what is good for their business model. 

The biggest SCAM in the entire Bitcoin System is Blockstreams whole "Us vs the Fiat System" headfake.   Blockstream is positioning itself to be the "New Fiat Central Authority".   Seriously, if Bitcoin were to eventually grow to its potential and become the global currency - do you really want this group of special interest frauds to have total control?

I can't believe I am going to say this, It makes me want to VOMIT that I am getting ready to suggest that everyone read Mike Hearn's November letter on this subject.  As much as I hate the current XT release, and think Mike is totally untrustworthy as well, he has totally nailed it in this letter in regards to Blockstream and Core Dev.

https://medium.com/block-chain/on-block-sizes-e047bc9f830#.raipo96xw  <<READ!

Everybody that really doesn't know anything about this should read it.  Because it is the truth.  And this is NOT my support for current XT - but I will say it again, if the Core Dev can't eliminate the biased, conflicted interest comitters - then XT or a Fedcoin may very well surface to effectively kill the current Bitcoin Core.  Leadership is needed fast. 

Thanks for this. How do you feel about the SegWit roadmap laid out in the capacity increases FAQ?
2623  Bitcoin / Bitcoin Discussion / Re: Can anyone design a hardware wallet that looks like a generic USB? on: December 31, 2015, 02:04:59 AM
hardware wallets, in general are better than just using an .exe on your desktop.. but their still not 100% secure against man in middle..
id say 99% better than just having funds on blockchain.info.. and 50% better than using bitcoin-core / multibit alone..
Hardware wallets that use out-of-band communication (a display and buttons on the wallet itself) are protected against man in the middle. The only 2 examples of which I am aware are the Trezor or the soon-to-be-released Ledger Blue.

Also consider Case Wallet and KeepKey.
2624  Bitcoin / Bitcoin Discussion / Re: Should i buy my first whole bitcoin on: December 30, 2015, 11:39:31 PM
Should i buy my first whole bitcoin ?

I just want opinions, would you buy a whole bitcoin ?

Well next thing you will do is not holding ot for long. For now learn to read some daily charts to take advantage of what will the price will bring us. Rotate the coins.

I would like to have a go at day trading, I noticed coinbase  have their own trading platform : https://exchange.coinbase.com

It would be nice to have a go at it, I'm not going to spend my 1 BTC now thats being kept, but maybe i could buy a smaller amount of bitcoin to trade with, but it looks very confusing !

Welcome to bitcoin! If bitcoin trading interests you read all you can and practice on paper for a few months to prove to yourself that you have the aptitude (and temperament) for trading. It is not for everyone but might be for you.

Coinbase is as safe an any online wallet for your bitcoin. Take some time to learn and understand hardware and paper wallets before you consider moving your bitcoin from the safety of Coinbase.
2625  Bitcoin / Development & Technical Discussion / Re: Segregated witness - The solution to Scalability (short term)? on: December 30, 2015, 11:25:33 PM
See the Capacity Increases FAQ for details. The roadmap calls for SegWit to be integrated by soft fork. SegWit could also be integrated by hard fork, and some prefer that way as a more elegant solution. Appears that the decision to use a soft fork has already been made though.

My concern is the apparent contradiction.
- I am told that a maxblocksize increase requires a hard fork.
- I am told that the omnibus SegWit proposal contains an increase in the maxblocksize.
- I am told that the omnibus SegWit proposal does not require a hard fork.
Logic tells me that all three cannot be true. Which one is the lie?

Segregated Witness increases the space available in current 1 MB blocks for transactions. It does this by reorganizing data to handle the transaction signatures separately. See this article for more info and a video by Pieter Wuille - hope this helps.
2626  Bitcoin / Development & Technical Discussion / Re: Segregated witness - The solution to Scalability (short term)? on: December 30, 2015, 09:56:21 PM
https://bitcoinmagazine.com/articles/segregated-witness-part-how-a-soft-fork-might-establish-a-block-size-truce-or-not-1451423607

Segregated Witness, Part 3: How a Soft Fork Might Establish a Block-Size Truce (or Not)

The author gives lip service to impartiality, and seems to be trying on this front. However, his taxonomy of advocates labeling smallblockians as "decentralists" belies his inherent bias. In order to consider smallblockians as "Decentralists", one must blinder themselves to the fact that hard limits on blocksize -- below the natural demand of the user base -- necessarily channels transactions through a relatively small number of on- and off-ramps to the blockchain. These on-ramp/off-ramp providers, being smaller in number than the number of users desiring transaction processing, are inherently a dimension of centralization. Period.

The relative merit of mining centralization vs. onramp centralization is something that can be debated. But pretending that onramp centralization is somehow not centralization is disingenuous at best.

One thing that has me scratching my head is the characterization of SegWit as not requiring a hard fork:

Quote
One of the most interesting aspects of Wuille’s Segregated Witness proposal is that it can be rolled out without breaking any of the existing consensus rules. As such, the proposal can effectively be enforced by miners only. This is called a soft fork.

Increasing the block-size limit (the “old-fashioned way”) can be done only through a hard fork. As such, there must be consensus among all of Bitcoin’s user-base that a block-size limit increase is the best way forward.

Yet my understanding of the omnibus SetWit proposal is that it includes a block size increase. How is it that SegWit can "have its cake and eat it too"?

See the Capacity Increases FAQ for details. The roadmap calls for SegWit to be integrated by soft fork. SegWit could also be integrated by hard fork, and some prefer that way as a more elegant solution. Appears that the decision to use a soft fork has already been made though.
2627  Bitcoin / Bitcoin Discussion / Re: Small blocksize increase should be done first and SegWit second on: December 30, 2015, 08:41:25 PM
Core developers have made it crystal clear they will do whatever is in their power to delay the hardfork required for a blocksize increase. I think the best you can hope for is SegWit integration by soft fork about April 2016, then a hardfork about one year later to adopt the BIP miners most prefer.
2628  Bitcoin / Bitcoin Discussion / Re: Can anyone design a hardware wallet that looks like a generic USB? on: December 30, 2015, 08:29:09 PM
ledger nano hardware wallet
snip
here is someone reviewing it
https://bitcointalk.org/index.php?topic=1305888.0

it seems that it does not offer the same protection as a trezor, in the case you plug in in a infected computer

trezor relies on chrome extensions or using a preinstalled multibit program on same said infected computer..

infact people can make a chrome expension that says "error, please type in seed" and then grab peoples seed..

hardware wallets, in general are better than just using an .exe on your desktop.. but their still not 100% secure against man in middle..
id say 99% better than just having funds on blockchain.info.. and 50% better than using bitcoin-core / multibit alone..

There is no evidence that an evil Chrome extension for Trezor has ever been published. If one popped up it would be all over reddit. By definition any hardware wallet which stores your private keys offline is 100% more secure than any online or desktop option. You always have the option of downloading the Trezor bridge from Github if you want to bypass the Google web store.

Armory used to be the best option for cold storage but required two computers, one always kept offline. Now Trezor is number one. If you are curious about Trezor take the time to read the manual so you can make an informed choice.
2629  Bitcoin / Bitcoin Discussion / Re: Can anyone design a hardware wallet that looks like a generic USB? on: December 30, 2015, 03:47:21 AM
I don't understand why would you wear with you something that's known to have Bitcoin inside. I want something that look like a regular USB pendrive, with built in encryption (upgradeable over time if improvements in the algo are released or whatever), and hidden volume so you can use plausible deniability. Now this is the ultimate device to carry Bitcoin around and don't fear that some punk is going to steal your money. Even if you are a small time holder with not many Bitcoins like me, carrying a Trezor around is too risky, because people may think you are rich or something, when you are just carrying like 100 dollars.

I don't get your line of reasoning. First, not that many even know what a Trezor is. Also, many folks routinely carry a few bitcoin in Mycelium on their Android phone. I think you may be approaching this the wrong way. Any thief or cop with probable cause will take your usb drives, Ledgers or Trezors and analyze later. The question you should be asking is which portable bitcoin hardware wallet or storage device is hardest for a thief or cop to break into? I vote for Trezor. As long as you use a random PIN and passphrase you should have plenty of time to get a new one and restore from seed before the stolen one is compromised, if at all. That's why you pay Trezor $99 in the first place, for the security it affords.
2630  Bitcoin / Bitcoin Technical Support / Re: Need full node tutorials fur realy dump people. on: December 30, 2015, 01:54:22 AM
Hi,

I am tired of using blockchain.info payment api and other apis.

They are all unreliable and jump with their naked buggy ass in your face from behind when you are least expecting it.

So I would like to run a full node with my own wallet. My target is to have something as simple to use as blockchain.info or blocktrail.com or blockcypher.com or other payment api's for different applications.

I have plans for different applications on different servers which all will make calls to that one single node, to receive and send payments and query for blockchain data. And of course it all has to be secure.


The problem is, I have very limited knowledge and experience in running a linux server. So the question is:

Are there any good tutorials out there, which will help me set up a full node and wallet on a vps, step by step till the point where I can just send post request to that full node server and will get back all that blockchain data and will be able to generate private keys and addresses and send transactions. So that the full node behaves for me like blockchain.info or blocktrail.com or www.blockcypher.com or whatever API, but with a little more control and reliability.

Or do you think only very linux-experienced people should set up own full nodes with wallets?

You can always just buy a Bitseed and plug it into your router.
2631  Economy / Speculation / Re: 2016 will be a boring year for bitcoin on: December 30, 2015, 01:41:08 AM
Could someone clarify what OpenBazaar is?

https://blog.openbazaar.org/weekly-development-update-december-14-2015/
2632  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: December 29, 2015, 01:59:39 AM
Because those who dont allow such huge blocks in their client simply contine on the chain with their choosen maximum blocksize. Although there may be many compelling chains with diferent maximum blocksizes, it doesnt make much sence to using the one what has little support.

At least this is how I understand it, and it is step from today central planning to more freedoom for everyone with the associated responsibility - if you choose wrong blocksize value, you might not be using the chain most Bitcoiners are on.
If this is truly the case and we are talking about chains splitting because of votes, then BU is worse than XT. Then I'm also starting to grasp the idea behind BU. The question is who hired the supporters?

Lauda, when you firm up your opinion on Bitcoin Unlimited please post. theZerg (Andrew Stone) seems to be running the project and forum with help from several others. In particular Peter Rizun from Ledger. A list of other members is here. It seems to be an interesting experiment but still early days.
2633  Bitcoin / Hardware wallets / Re: [Hands On] Ledger Nano Hardware Wallet - Notlist3d on: December 28, 2015, 10:42:17 PM
does the challenge question asked is different each time? because an advance keylogger with screen logger, can see everything the user is typing and screening
The video implies that there are 4 challenge characters that must be entered, and that the 4 are different every time.
A really sophisticated key logger could potentially duplicate the security card by collecting the answers over many uses, but that threat is mostly theoretical at this time.

The PIN, however, is typed in the clear when you first connect to the Ledger Nano.

If you want higher security, you'll need to buy a more expensive hardware wallet with a screen and buttons, like the Trezor or the Ledger Blue. These eliminate the key logger threat by providing a direct interface to the user, without going through the vulnerable browser/OS.

Great points, why I use a Trezor instead of a Ledger Nano. Have you had a chance to evaluate the new Ledger Unplugged?
2634  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: December 28, 2015, 07:26:52 PM
According to bitco.in no threshold for adoption by miners exists, apparently both users and miners can vote for adoption of the BU client and adoption is market based

2635  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2015, 02:50:32 AM
omg she starting to ask "where is this going"

WHAT DO I DO!?


You gotta stop shorting with too much of your BTC stash.. and just hodl 
LOL!

she doesn't give a shit about my BTC


Oh???   We are talking relationship issues?  Don't all relationships involving bitcoiners end in disappearing Gfie?

hey I want to ask a question, but I want it from you guys, whats the difference between things like the ledger cold wallet USB and regular USB's?

Where do you guys keep your cold storage?

Ledger is a smart card based bitcoin hardware wallet that keeps your private keys safe offline. Costs of the various hardware wallets on the market vary from $20 to $240. I prefer Trezor which sells in the middle for $99.
2636  Bitcoin / Development & Technical Discussion / Re: Can coins stocked on an old Bitcoin Core be lost ? on: December 27, 2015, 05:22:55 AM
So how can you store Bitcoins as long-term savings or investments?

Probably the easiest way to securely store bitcoin long term would be to buy a Trezor hardware wallet. There are other hardware wallets but Trezor seems to be most popular. Read the user manual to see if that would work for you.
2637  Bitcoin / Wallet software / Re: Safest bitcoin (not cold) wallet on: December 26, 2015, 04:50:40 AM
Armory is more private as it is a full node, but even with a passphrase on your wallet you are still a target for malware and keyloggers. Armory developed cold storage because they were aware of the problems. Their solution still requires two computers though. The $100 a Trezor costs you is well worth it.
But trezor is a cold wallet since it is hardware. If you store on there you can put it in your desk and forget about it thus being off the network and to me that is cold storage.
Safest non-cold wallet I have found is MyCelium. Have been using it for a while and haven't encountered any security issues thus far.

I think you are missing the point: there is no such thing as a totally secure bitcoin wallet unless private keys are stored offline in a hardware wallet or computer. Lose some bitcoin to malware and you become a believer real fast.

Mycelium is an excellent Android wallet but the only really safe way to use it is with Trezor or Ledger. Ledger has a new NFC hardware wallet the exact size of a credit card for $31 called Unplugged.
2638  Bitcoin / Wallet software / Re: Safest bitcoin (not cold) wallet on: December 26, 2015, 02:48:17 AM
Armory is more private as it is a full node, but even with a passphrase on your wallet you are still a target for malware and keyloggers. Armory developed cold storage because they were aware of the problems. Their solution still requires two computers though. The $100 a Trezor costs you is well worth it.
2639  Bitcoin / Development & Technical Discussion / Re: "Bitcoin Unlimited" is not convergent due to the "excessive block depth" idea on: December 25, 2015, 06:12:30 PM
Based on this thread Bitcoin Unlimited seems to have the purpose of keeping XT alive.
2640  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: XTnodes.com: Added support for Bitcoin Unlimited. See the number of BU nodes & b on: December 25, 2015, 03:05:27 AM
According to Introducing Bitcoin Unlimited BU is Bitcoin XT without BIP101. Are you saying that BIP101 is still a part of Bitcoin Unlimited? If so this would appear to be a new approach to achieve BIP101 by encouraging miners to run a Bitcoin Unlimited full node, not realizing that running a BU node is also a vote for XT. Bitcoin XT has already been rejected by miners, so now users are being lobbied directly? 
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