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2661  Bitcoin / Bitcoin Discussion / Re: Are miners abandoning BTC? on: November 11, 2017, 06:18:08 PM
There has been like a billion USD traded on bitfinex in the last 24 hours. Mostly the BTC-BCH pair. Those maybe the reason behind the backlog of unconfirmed transactions.
The miners must be holding a lot of BTC. I don't think they'll let their hard-earned investment go to waste just because BCH is rising. There's space for them both.
2662  Other / Meta / Re: WHAT ARE THE BENEFITS TO LEVELLING UP WITHOUT SPAMMING?! on: November 10, 2017, 04:15:47 AM
One of the tests I use for ICOs is to see who posted it and what they did to get their member status.  For instance, it looks like you joined in August and decided to start with useless responses on the Blocklancer ICO.  It's nice to be able to see their history if you want to vet their responses.

That is a pretty good test actually..I'll start doing that too..
In my defense, I got to know about bitcointalk.org thanks to clicking on the blocklancer ICO link somewhere. They wanted you to post on BCT some code to tell them that you are in..Invested my first few ETH in that.
Have that to thank them for getting me onto bitcointalk if nothing else really..

1. Really depends on the topic. For certain subjects, you can express a similar or identical opinion, but add in terms of arguments, examples, evidence, different way of looking at things, etc. In general, the forum relies on the principle of "freedom of constructive speech".

Examples and Evidence sounds useful. That way one can get to explore more about a topic that looks interesting but has been debated to death..Thank you!

2663  Other / Meta / WHAT ARE THE BENEFITS TO LEVELLING UP WITHOUT SPAMMING?! on: November 10, 2017, 02:28:35 AM
I have been on the bitcoin forum for almost 4 months now. Much of the initial 2 months were spent in reading through the posts and I reached the Jr. Member level. The incentive to level-up fast is pretty good because of the Signature & Bounty campaigns. Due to this we have all seen the kind of spam activity that many members use to level up their accounts fast.

I too have an incentive to do that because not all of us were lucky enough to get into BTC in the early days. I have bought some BTC but these campaigns are one of the ways for those on a learning cycle to benefit. It becomes difficult to comment on any topics because almost all the posts already have like 800 posts. I am looking to ask the experienced members that how to avoid spam activity and what are the benefits of slow organic growth rather than the viral one?

1. I see a topic with 100 pages of posts. I know i want to say something about it but it feels like almost everything relevant is said and done in the first few pages itself. Cheesy. One of the posting guidelines says that if you've nothing new to add then don't. What to do in such a case? Refrain or go for expressing your thought?

2. I know Signature campaigns are kindda frowned upon by some of the experienced members for the flurry of "Hey, joined" "Great Luck", "Jingle Bells" kind of posts on them. But some people do want to keep it better and not everyone in Sig campaigns support that. What are your honest thoughts on that? How strong is the prejudice?

3. Do the mods think that these groups will self-moderate or their is a need to enforce certain guidelines? Or is it still just early days of adoption to do this?

Lastly, I just wanted to say that the scholarship and idealism of the early days has slightly drowned out in the din but the work the early adopters have done is huge and I am sure it will sustain itself. Maybe force more of us to raise our standards.
2664  Economy / Economics / Re: Investors are running out of money - and that's bad news for stocks. on: November 10, 2017, 02:01:32 AM
https://www.youtube.com/watch?v=qNFOdbxvv1Y

I have low understanding of economics but I believe we should be watching out for this. I have little idea why investors are "running out money" and where those are all being diverted. Last time something like this happened though, a crash followed. They just kept telling people "It's fine, nothing to worry about" and then the house of cards collapse and we're left out in the cold while they were able to get their money out prior to it.

Its a bubble. The US stock market is in its all time highs and unless theres new money coming in then it cant go any higher and crash. But its normal and its an unavoidable part of the economic cycle. You also want the crash to happen because its another chance for you to create wealth by taking advantage of the low prices.


The cycle creates wealth only for a niche group of investors who either know the symptoms of an impending crash or outright insider information. I know that their strict regulations against it but hugely doubt that people don't benefit from it. Not everybody gets caught right.

So, this group of niche investors, traders make their money before the crash and stock up cheap as a majority of small investors then sell at a loss. How else could you explain traders getting richer and richer, getting higher bonuses while most people keep losing their savings. Its money and it has to be a zero-sum game. Sure some of the common folks profit from it but i think the majority loses in the short term.

Stocks go up for common people only in the long term and then the returns aren't that great when adjusted to inflation. It works pretty well i think, trickle down economics. The smaller people only get the trickle..! Huh
2665  Local / India / Re: Owners of GTX 1060 and 1070 VIEW HERE.!!!!!!!!!!!!!!!!!!!! on: November 09, 2017, 02:23:35 PM
1070Ti is approx. 45k in Mumbai incl. Gst if you have connections  Grin
Was there a time before the mining boom that these cards were reasonably priced or are these like so high end that these prices are normal?
I am pretty sure that 1070ti is listed for upwards of 50K at amazon and the 1080ti goes upto something like 80000!!

that'd make a 120 MH/s rig to cost upwards of 3 Lacs!!

Any cheaper alternatives that you guys know of, please let me know too..Afterall, its all about insider trading and information in the crytpo world right now..
2666  Local / India / Re: bitsler hack on: November 09, 2017, 01:35:18 PM
hey is there any website on which i can make little bit of my money back?
Learn about bitcoin and cryptocurrencies. Get your post coin up. Research a new coin and put up their Sig once you are a Jr. Member. Write a few articles.
I am sure you'll make much more than just 0.004 BTC back that way. Good Luck..
2667  Local / Alt Coins (India) / Re: Any Real ICO in India? on: November 09, 2017, 01:25:40 PM
I think I should rename this thread from "Any Real ICO in India?" to "Please Spam about Indicoin" thread.

You can't call this spam after seeing the flood of "Wow, Great project Sir. I see lot of potential. It will be great successful. Good Luck!!"

To your original question, I don't know why nobody mentioned ALLOY ICO. They are an India based startup and are planning an ICO as they migrate to blockchain.
2668  Bitcoin / Project Development / Re: Brain - Arbitrage & Trade Helper Platform [In Development] on: November 09, 2017, 12:34:44 PM
Eagerly waiting for this @Bonesoul. A normal user would need to have some programming experience for this or they can use it directly. In any case, this is really interesting.
How and when do you plan to release it?
2669  Bitcoin / Development & Technical Discussion / Re: Bitcoin Scalability? on: November 07, 2017, 08:08:06 AM

Second, because the Bitcoin network is a peer-to-peer network, nodes are free to leave and re-join at will. The time to re-join the network is a linear function of the size of the blockchain (since the Genesis block). Right now, that is 140GB and I think it takes more than 24 hours to sync a full-node on a typical desktop PC. The blockchain will continue to grow at a rate of about 50-100GB per year with the current blocksize limitations; while the sync-time will grow in direct proportion to this, at least we know how much it will grow. If this were unrestricted, the sync time could actually fall behind an "event horizon" where it takes longer than 24 hours to process 144 blocks (24 hours worth of blocks), meaning no new node could ever join the network!

This is a pretty solid reason to not go for the block-size increase. Is there somewhere one can find proof to this. Like the work involved in syncing blocks and time a typical computer would take for that.
This way, we can know what hardware acceleration will support or be necessary to allow and increase in the block-size without these issues.
2670  Economy / Investor-based games / Re: Bitcoin Investment Group on: November 07, 2017, 05:16:00 AM
Dear all,

Thank you for your replies and comments, I will try to answer each one in turn.

With regard to the newbie account, we all have to start somewhere but I take your comments onboard and thank those that suggested contacting the moderators/legendary members.  I will take this forward.
 

There are hundred of scams with similar sounding names and techniques. So you have to understand the skepticism.The onus to prove being genuine lies upon you. I am sorry but there is nothing in your posts yet except smooth talk.
You are basically asking people to send 0.01 BTC to some place and wait for 12 months for returns. What is the validity of the "Member Contracts" you mentioned in the original post??
Similar proposals from people with english-sounding names have been doing the rounds in India and a lot of non english-native countries. I suppose their is sufficient imperial leftover in their minds that people find an English name more legitimate.
Pardon my tone, but Its tiring to see people duping the shit out of newcomers in the crypto world.

You haven't provided any  link / attestation till now except an e-mail ID. Someone who replies personally can easily be scammed with a little smooth talk.. Huh Huh

2671  Economy / Investor-based games / Re: Bitcoin Investment Group on: November 06, 2017, 07:56:56 AM
The Bitcoin Investment Group, based in Leeds, West Yorkshire, UK has just launched its 12 month fixed tern 5% investment product.

The group is run by a local Accountant and is a group of like minded investors.

The product converts the members Bitcoins into fiat currency and then invests in peer to peer lending.

The minimum deposit is 0.01 BTC and the withdrawal fee after 12 months is 0.0005 BTC.  Early withdrawals are subject to available funding and a 0.001 early withdrawal charge.

Contracts are issued to members within 48 hours.  Deposits must be followed up with an email confirming the members name and deposit amount in order to verify the deposit.  Deposits of less that 0.01 BTC will not earn interest and wil be subject to a refund charge of 0.002 BTC.

Investments reports on the groups investments and performance are issued monthly by email to the members given email address.

For further information, please contact the groups Accountant at mr.bitcoin78@gmail.com.

The group is a community group and is funded by its investments and donations.  Donations and investments can be sent to 1KvWVgkTGpR6PJrg9PgETJY1NixEcTuYqU.

Kind regards

Bitcoin Investment Group

You can't expect people to believe you with a Newbie account? If you're legit, better to contact some respectable mods/ legendary members with good trust ratings and ask them to be your manager or something.
If this is a legit scheme you propose, then that is the best way to really gain traction. Otherwise, this reeks of a SCAM!!

Awaiting your response.
2672  Economy / Economics / BITCOIN AS A COMMODITY: IS THIS ANOTHER ATTEMPT AT SUBVERSION? on: November 06, 2017, 07:52:48 AM
So, the bankers say that they cannot accept Bitcoin as a currency in the way it is defined by the BIS (Bank of International Settlement).

This can be seen as a clever way to lessen the potential of bitcoin/ cryptocurrencies to replace fiat and to ensure that the supremacy of central banks is maintained.
If you make it a commodity, you pay Fiat to trade in bitcoin and treat it as a good like copper, gold or petroleum. But nobody uses copper to go buy a car or buy a coffee right? Is this what they intend to do??

What do you think would be the impact if bitcoin is treated as a commodity vs a currency? I think it has reached a stage where it does matter what bank/ regulatory authorities say about bitcoin.
https://www.cryptocoinsnews.com/south-koreas-central-bank-chief-bitcoin-commodity-not-currency/
2673  Bitcoin / Project Development / Re: Do you know about hashocean which is bitcoin Mining on: November 06, 2017, 04:22:13 AM
I invested money in bitcoin hashocean.com and used to get daily small amount but hashocean is deactivated and lost my capital amount.
I felt tears for Hashocean website, I heard its been from so many years and genuinely paying but at sudden they closed it.
When Iam new to bitcoin I resulted with benefit of loosing just because of investing in bitcoin hashocean mining website.
I believe many users may also face like me with hashocean.  Cry   Cry

I am really sorry for your loss. It sucks that new people lose money like this. Also, if you are from India, Please warn yourself and others you know about the scams being perpetrated in the name of MCAP token and Bitcoingrowthfund.
Their dubious history can be seen in this post in the India forum:
https://bitcointalk.org/index.php?topic=1440600.0

Now that you are on bitcointalk, no scam should be able to get you but please educate other you know about. Its a technology with so much potential but unfortunately, its mainly being used for perpetrating scams in our country.
2674  Bitcoin / Bitcoin Discussion / Re: Satoshi's Fortune lower bound is 100M USD(DEBATE GOING ON, DO NOT TWEET!) on: November 06, 2017, 02:55:34 AM
So can i have a wallet address Satoshi used?
And what program did Satoshi use? CGMiner 0.1?
These are the few early addresses:
1BBz9Z15YpELQ4QP5sEKb1SwxkcmPb5TMs contains 11 out of the 32 (Not touched since 14-01-2009)
1BDvQZjaAJH4ecZ8aL3fYgTi7rnn3o2thE contains 1 out of 32 ( Not touched since 12-01-2009)
1DUDsfc23Dv9sPMEk5RsrtfzCw5ofi5sVW contains 10 out of 32 ( Not touched since 12-01-2009)

Here's a link to an awesome topic about Satoshi's and Hal Finney's first transaction: (You'll have to scroll up as the link i found from my post history will only take you to my post)

https://bitcointalk.org/index.php?topic=2346992.0

EDIT: Corrected the link to point to the actual post rather than my message, now that i know how to do it.. Roll Eyes
2675  Bitcoin / Bitcoin Discussion / Re: Satoshi's Fortune lower bound is 100M USD(DEBATE GOING ON, DO NOT TWEET!) on: November 06, 2017, 02:51:48 AM
Of course, satoshi tested it first, mined some blocks alone, tested transfers, fees, and sure he did hold.
That's might be one reason for him to keep quite at this time, people would ask about his premine.
By the way 1M BTC would be 4.2 Billion USD, that's a year budget for mongolia.

You and I are very late comers 😂-  and,  it would be 7.46 billions USD as of today 11/5/2017 😊.

In my very humble opinion: 

1). As some have already pointed out - too much assumptions that Satoshi is in this simply for the money is very disrespectful and insulting to the good gentleman...

2). I wish I own more BTCs - and if I do, I wouldn't worry about the temporary crashes in value of BTC due to the sell off.  That would disregard all the fundamental concepts  of why BTC/ blockchain has become quite successful in the first place...we could use a few crashes from the dump, so average folks like us can afford some more BTC...

This maybe completely irrelevant to the original topic but the "waiting for the dump" strategy never works. It never goes down long enough to time it. Now the dips will be much harder to time because of the futures trading announcement. So, the best way is to fix some amount per month. Divide it in a total of 8 days for 2 days/ week.
Buy that whenever there is a dip. Of course put some buy orders at coinbase and other exchanges if you're in the US and can afford to lock that money.
Finally, Hail Satoshi. That must have been some man to leave those BTC untouched all this while and be completely anonymous. We'll never know. Undecided
2676  Bitcoin / Bitcoin Discussion / Re: when should bitcoin hodlers start spending ? on: November 06, 2017, 02:31:15 AM
They can start anytime i guess. There are a lot of mega holders who I guess do spend them. The problem is till it has not reached some sort of peak and plateaued out, the cost in spending it right now is too much. That is what bitcoin has taught HODLers time and time again.

Those who adopted early and got 100s of them free can talk about it being a currency and some sort of harbinger of revolutions but what about the people who got in at say 2000$, 3000$ and even now getting in at ~8000$. These people are doing it in the hope that it'll hit 100,000$.

They will possibly never spend it for real-world products. For ETH and some other crypto, maybe yes, but highly unlikely to buy a coffee or pizza. (never pizza of course// Cheesy)
2677  Bitcoin / Development & Technical Discussion / Re: Best wallet for potential fork. on: November 04, 2017, 02:13:37 PM
I have decided to use Electrum. Its easy to install and you won't need to download the blockchain.

It provides easy options to save your private keys in JSON or CSV format. The files would be safer if you copy them and keep in an offline media.



Delete them from your PC once exported and keep in mulitple offline places. 2 cheap USB drives and writing a CD just in case should be enough.

2678  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] [AIRDROP] DimonCoin - [FUDD]ecentralized on: November 04, 2017, 07:34:12 AM
How come the price has dropped so much? Not enough FUD?
The Mother of all FUDs going on in the form of S2X and a futures price of 1000 USD for S2X. Core has tried to warn about deficiencies of S2X to everyone but everyone wants their free coin and don't want to lose up on the potential next bitcoin.
So buying spree of BTC and BCH..leaving everything in dust!!
2679  Alternate cryptocurrencies / Announcements (Altcoins) / Re: SUPERCOIN'S REVIVAL on: November 02, 2017, 06:12:19 PM
what will happen if soft cap is not reached?

Why wouldn't it happen?




Let's get some SuperCoin on some other exchanges before 28 feb 2018.
We need to focus on the new ann and put some effort into contacting other exchanges!

You probably know this but It'll be great if some original devs come back to the project, and fast. The whole business about anonymizing transactions has been giving headache to people and some of the recent coins already have plans to use SuperSend as DeepSend. Its the DeepOnion Coin that I am talking about.
There is a lot of people already who know about Supercoin through Deeponion.
2680  Bitcoin / Development & Technical Discussion / Re: Payment No. 1: A Closer Look at the Very First Bitcoin Transfer on: November 02, 2017, 04:58:40 PM
1Q2TWHE3GMdB6BZKafqwxXtWAWgFt5Jvm3 is the address that Hal Finney said was his according to OP. This had been silent since 2009 till it moved 0.034337 BTC to 1Nt1SwDjXmbF61XDq7vjA51hbUuzKU97Lq in JUNE THIS YEAR!!

This is the only address funded by original Satoshi Bitcoins that showed activity recently!!
WHAT DOES THIS MEAN? IS IT A BIG DEAL OR JUST NORMAL SATOSHI NAKAMOTO GANG..?? Cheesy
It means nothing. Hal left his Bitcoin to his family so they have control of his private keys. It is likely that they are only now figuring out what to do with his Bitcoin and how to move it around.

Now i feel bad about my post. It feels unnecessarily sensationalized. I apologize.. Just wasted that time to navigate and come to a stupid conclusion. Hope everyone in the family isl doing good.
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