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2681  Bitcoin / Development & Technical Discussion / Need an explanation over 51% attack. on: June 06, 2018, 06:58:25 PM
As we've been discussing things about Bitcoins, I'd like to know more (or I'd say an in-depth as well as detailed) analysis about the 51% attack. Can anyone here explain me that how it could actually affect the whole network and how it makes the whole thing centralized? The times when we witnessed even $100 as transaction fees should be considered as such attacks only that might have taken place to rise the value of fees to such incredible levels? Is there anything to prevent such attacks when quantum computing takes place? I know that quantum computing will just give the power to the institution to grab the privkeys directly, still if they want to go the ^legal^ way, can they ruin it for everyone?
2682  Economy / Gambling discussion / Re: gambling in the crypto market on: June 06, 2018, 06:40:59 PM
Gambling used to be one of my favorite things that I did the most at times when bitcoin was less than $1000 and directbet was online. It was the only site I trusted the most because I never needed a registration there in order to bet on my favorite sport and can gamble any time at my convenience.
2683  Economy / Gambling discussion / Re: What currencies do you gamble with? on: June 06, 2018, 04:54:44 PM
I've invested my money on Pundi X and would like to see it over your website as mode to deposit and gamble there. It's been on the rise since the beginning, and I'd love to try my luck with it at your platform over roulette. Glad to see you asking your members about their favorite crypto, I hope mine will be added as well.  Grin
2684  Economy / Gambling discussion / Re: how long you can stay without gambling? on: June 01, 2018, 03:26:39 PM
Never gone for casinos too much, but what I had as a bad habit was the sports addiction. I used to gamble too much BTC on sports, especially soccer (when the value was very less - and I regret why didn't I save). I was a cold-blooded gambler who used to gamble on the hound of a stick. I didn't lose too much when the value of BTC rose because during such times, I was getting some overwhelming wins (but less BTC compared to what I gambled some time ago). I regret for those times even though being in profits. I had a resolution that if BTC reaches $15k, I'll stop gambling it forever on anything and will just earn them. That's the only reason I don't gamble anymore. It's something you need to stick to, because one should have the will power to keep their own words at least.
2685  Bitcoin / Development & Technical Discussion / Re: Is quantum computing threat to Bitcoin ? on: June 01, 2018, 02:51:22 PM
A very big threat, indeed.

I had read an article a few weeks ago concerning quantum computing and Bitcoin — if just one quantum processor mins away at Bitcoin, it could mine thousands and thousands of dollars in just one day before the difficulty explodes and Bitcoin drops like a brick in the sky.

Using quantum computers to mine doesn't make much sense, when they are WAY more efficient at just recovering private keys from public keys and stealing a good fraction of all BTC.

Probably a matter of the way one thinks. This thought came to my mind as well that the speed these computers will be possessing, can boost almost n times the mining speed as well as confirmation speeds to such levels where even these ASICs would fail. If bitcoin is so vulnerable to quantum computing (and as many of us think that this vulnerability has been stocked in intentionally), what could be the best option to stop such attacks which will have the power end up an era started to promote anonymity? Can official institutions commit such (baseless crimes) just to eat everything from everyone? But then, there comes a question of trust. Who will trade any of these things? There will just be a single dump, and then - THE END?!
2686  Bitcoin / Bitcoin Discussion / Re: This is a good time to switch off from the crypto market on: May 30, 2018, 02:13:34 PM
Don't negate yourself by stopping others to buy in at this moment because if they literally get out (switch off which you said), they'll just go with the flow and sell off under the panic wave that's currently driving the markets red. Mind well, we're giving this opportunity to institutions ourselves by selling our coins cheaper and when regulations will be levied, we'll be fucked in our own asses as they'll allow us to buy these things but with a lot of catch. Satoshi never wanted this, decentralization was the only motive Satoshi had in his dreams that he turned out true with his efforts, with bitcoins. I'd rather ask you to buy, but at ~10-20% more lower values (for any alts or tokens) because once the markets start to make their moves once again, you'll surely regret why didn't you buy and/or just sell.
2687  Economy / Trading Discussion / Re: Do you know about trailing stop software for cryptocurrencies? on: May 17, 2018, 12:17:26 PM
Guys, one of my friends dragged me to some guy's telegram channel BLOCKCHAIN WHISPERS where this stop loss thing was given recently. I'm a fan of this person because my friend also gave me the Pundi call and due to that trade, I successfully converted my portfolio threefold. That friend told me that this pundi was a Blockchain Whispers call. Still, I'm somewhat hesitant to using that trailing stop loss thing, can someone please let me know whether I may go for this? As well, should I check with lower amounts or can I go all in with this?
2688  Bitcoin / Development & Technical Discussion / Re: How do you keep your mnemonic phrases? on: May 10, 2018, 03:33:45 PM
First, try billfodl. It's a better way if you want to keep your seeds and keys secured - https://billfodl.com/pages/compare-to-cryptosteel

Second way, and the most cheaper one that I personally follow is, you can buy some small (memory) sized memory cards and keep your private keys secured in them as well, you can put each of your cards at different places so that you can have alternatives that if one card goes corrupt, you can use the other ones.
2689  Bitcoin / Bitcoin Discussion / Re: Bitcoin fees on: May 09, 2018, 07:23:02 PM
How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know  perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

Probably a lot different in many ways.
If you use SegWit - you'll be paying not more than a few cents for your transaction to go through.
If you use Legacy wallets - you'll end up paying higher fees because SegWit discounts your transactions based on the number of total inputs that your SegWit address had.
Lightning Network is one another alternative that could bring this scalability issue to an end, but it's still not in an understandable format ATM (at least I can't understand it well).

But, comparing speeds, ETH does it a bit faster for you than Bitcoins because if the network isn't congested (recently, it got too much messed up), ETH transactions go through almost instantly and 30 block confirmations are a matter of few minutes to let other party (recipient) access your sent ETH on the other side.
2690  Economy / Speculation / Re: Bitcoin will go to $13500-12300$ because of this news on: May 04, 2018, 07:04:03 PM
A fall below $9,000 should raise some concerns


this will create worries for people who want quick profits and have entered the bitcoin world with high hopes of becoming fast rich but for the people they are holding a year will not be a major concern. I clicked on this thread because of this:
" Bitcoin will go to $13500-12300$ because of this news "

What news are you talking about? Where is the news link?

I believe this guy wanted to do a TA and gave the wrong title here instead.

@OP, great analysis there. But I believe that a break in the value seems impossible because the resistance levels are now becoming stronger support levels and that, we're following previous year's pattern which says that the value, once breaks 10k - will eventually lead us to the same bullish trend with full momentum that it'll not let the price to slip down back and just continue to move ahead to higher levels further. I follow both TA and FA, and I believe that both are looking in favor of Bitcoins and there's undoubtedly nothing to be concerned about till someone presses the wrong button and stops the spike.
2691  Economy / Gambling discussion / Re: IS IT THE BEST TIME FOR GAMBLING? on: May 03, 2018, 05:10:27 PM
Are you sure that you will win if your going to gamble? Do you really think that gambling is much better than long term investment or trading. If that so, then it will be depend on you, your life your decisions. As for me, why would i jeopardise my future for gambling? My future will always be brighter when i invest it in cryptos, volatility will make it happen. That all i need to do is patiently wait for the price to skyrocket high.

Everyone has their own views and experiences. But I believe that in today's world and as a matter of fact of course - gambling, where once you lose, it's literally LOST. Whereas, if you'll trade and/or invest for long term, it'll surely recover your portfolio (if lost) and gain a lot in the future - IMHO it's a reward that time gives us to hodl tight and wait. I've had been thinking of gambling and trading to be the same until I started investing for longer terms and still holding some of the gems. It all depends on your courage as well as your will power, if you're fine with getting too much in too short time, then you'll definitely prefer gambling where risks are very high that you might end up losing everything you've got. While if you're satisfied with what you already have, and invest a small amount that you can afford to lose and no matter how much time it takes to grow, you don't give a f*ck, then that's what will make you go green in numbers very soon.
2692  Other / Beginners & Help / Re: Newcomer ask for advice on: May 03, 2018, 04:50:59 PM
Go, buy an Antminer S9 and try your luck mining bitcoins as you won't be getting even 50k satoshis mining through your machine. But hey, I've got one more thing here for you - mine cryptonight coins. These coins were made with the purpose to let all such small machines take the power and that centralization is removed out of the game but even for such algorithm, ASICs were started to be built to ruin it for the average mining Joe. But then, the Monero team decided to make this algorithm completely ASIC-resistant so that the power still remains in the hands of small level miners. You may try your hands on such coins which have cryptonight algorithm (no profits guaranteed though). Take my suggestion with a pinch of salt and do your own due diligence before mining them.
2693  Other / Beginners & Help / Re: What is a good exchange on: May 03, 2018, 04:44:29 PM
If buying bitcoins or any cryptocurrencies online would have been such a hectic thing, nobody would have been able to do it, everyone would be complaining only. If you've had your own bad experiences (or if not - as if you have not even tried one and came here just to blame exchanges), go through Currency exchange section of the forum here - https://bitcointalk.org/index.php?board=53.0
to get all your requirements met without the need to register at any of those exchanges you're not familiar/fine with. TBH, there are a lot of great exchanges including, but not limited to, coinbase, kraken, localbitcoins (p2p), bitfinex, bitstamp which will allow you to buy Bitcoins using credit card at a faster speed. If you're not interested in giving your identity to them, you better prefer what I gave you.
2694  Other / Beginners & Help / Re: help in searches Advisors, Community managers on: May 03, 2018, 04:12:11 PM
If you can throw some more light over the details of the ICO you're willing to take part in, I can become one of the community advisors as I'm from India and can help you for the Indian language by keeping an eye on all social platforms wherever you'd like your managers to work at. As well, being very frank, I'm coming to the point asking what will be the terms of payment? Will we be paid in tokens or bitcoins or any major alt?
2695  Bitcoin / Bitcoin Discussion / Re: Have you ever taken out a loan against your bitcoin? I'm thinking of it. on: May 03, 2018, 03:45:24 PM
If you're willing to give 120% worth (in USD) of your Bitcoins as a collateral, then I think yes, there are many out there in the lending section - https://bitcointalk.org/index.php?board=65.0
where you can get all your requirements met. As well, there are many trustworthy lenders here but you may face somewhat high % in terms of interest. It also depends on the way you want to receive that USD amount. Well, if you'd just open a thread in that lending area, maybe you could get a lot of offers to choose from. The thing here is, the value of Bitcoins is very volatile and as you're aware of the fact, if the value strips down to more 10%, the lender has the right to liquidate it (though, many of them will ask you to repay if you can, at that time when bitcoin goes too much volatile).
2696  Alternate cryptocurrencies / Service Discussion (Altcoins) / Can someone lead me to the progress in MEW dns issues? on: April 27, 2018, 05:52:05 PM
As you're all aware of the fact that the DNS for myetherwallet had been hijacked recently and that many users lost a lot of Ethereum due to this malicious activity by the hackers, can anyone here point me out what else can we prefer to use except MEW for the next few days until an update comes from them? I believe I'll never use MEW again as the site itself says that it's just for the sake of sending tokens and ethereum by using it as a medium, but if this happens again ever, we might end up losing all our crypto capital that we've gained after a lot of hard work.
2697  Bitcoin / Development & Technical Discussion / Re: Why Transaction Fees in the First Place? on: April 27, 2018, 01:41:57 PM
Miners burn a whole lot of energy and it's this time that's Bitcoin is making a big favor to them by adding big numbers to the charts once again (not saying that mining was not profitable before, but it has gone to a whole new level of competing for the blocks as well as money). I believe that if we stop paying fees to them [who basically should be considered as mediators without whom the network's use will go idle if they stop doing it], Bitcoins will not hold such high values. One of the major reasons why Bitcoin is at such high prices even based on speculation ONLY, is this - consumption of a lot of electricity to get those blocks on the network. Once Bitcoin crosses 21M mark, I don't think miners will be left anything but to be paid through fees only. Else, we'll need to opt for alternatives - but hey, even those alternatives will need you to pay some amounts as you're being served by them.

That doesn't mean we should pay high fees (above $0.01 for me) for normal transaction (1 input and 2 outputs) to miner.

If bitcoin transaction fee is low and the community actively encourage merchants to accept Bitcoin, that would make bitcoin price rise and increase total transaction/second which would benefits both user and miner (since Bitcoin price is higher and they collect more fees because there are more transaction).

I don't know if I ever said that we need to pay higher fees for our transactions to go through. What I tried to convey here is that - fees are an important part here and should be paid to the miners to keep up with the job they're doing to run the network.

In bold - This is what even I believe that centralized miners should remain in their limits while charging the fees because these fees are one of the major reasons why bitcoin is being used for. Else, there are Visa and PayPal already killing people with their extreme fees per transaction.
2698  Economy / Speculation / Re: Will BTC moon again? Yes. on: April 25, 2018, 01:23:17 PM
Sorry to break the balls for you, man.
If you clearly notice that pattern, you will see that Bitcoin is still in under bearish pressure and bears can literally f*ck the hell out of bulls' money once they get the right opportunity (the stops they're currently waiting for, to be reached). I believe Bitcoin will go to $12k and will come back 50% down as a retracement by bears, after which the bull run will continue and we will see a new ATH this year itself. But if you are talking about this one, it's not a bull run but a trap IMHO. So, my advice would be to stay away if you are a leveraged trader, tether out if you have your positions there in nominal trading values as well. I'm not an enemy of Bitcoins, but what I know is what I shared.
2699  Bitcoin / Development & Technical Discussion / Re: Why Transaction Fees in the First Place? on: April 25, 2018, 12:27:27 PM
Miners burn a whole lot of energy and it's this time that's Bitcoin is making a big favor to them by adding big numbers to the charts once again (not saying that mining was not profitable before, but it has gone to a whole new level of competing for the blocks as well as money). I believe that if we stop paying fees to them [who basically should be considered as mediators without whom the network's use will go idle if they stop doing it], Bitcoins will not hold such high values. One of the major reasons why Bitcoin is at such high prices even based on speculation ONLY, is this - consumption of a lot of electricity to get those blocks on the network. Once Bitcoin crosses 21M mark, I don't think miners will be left anything but to be paid through fees only. Else, we'll need to opt for alternatives - but hey, even those alternatives will need you to pay some amounts as you're being served by them.
2700  Other / Beginners & Help / Re: Bitcoin Total Supply is Really 21Million? on: April 20, 2018, 04:05:48 PM
The value of Bitcoins will eventually increase no matter what, due to the enormous demand that's underlying this asset (based on speculation mostly).
The total number of Bitcoins is set to be 21 mln according to the protocol, but the devs might change it considering the fact that many may have lost (which will be seen as "burnt" coins) and get an exact amount in circulation after calculation. But till we reach there, can't say anything. And it's obvious that once 21 mln coins are mined completely and Bitcoin being the mainstream's main dish, it will definitely gain some quality values over time.
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