They raised only from u.s. accredited investors so it's completely different than other ICOs
An U.S based ICO? Didn't the United States claim that ICO's are securities and therefore illegal? why are they hosting it over there then? Yes, very likely the coin price after ICO will trade near or even below ICO prices for first few days.
This happens because most people who got free bounty coins cash their coins and move to next one!
Not only this, but it's clear that the supply will be huge and there will be an initial dump due massive inflation all of a sudden, Bancor style. I always don't feel comfortable buying on ICO's that are beating previous records on money raised.... |
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Okay, I am just making that headline short and sweet. What I mean is: What is one big dream that you want to realized out of your Bitcoin income? No matter how small or big it is, please share it with us here.
As for me, I have a big dream of having my own 10-hectare farm somewhere here in my locality and I want to stuff that area with all the fruits I can find here and with my main products which are cacao and coffee.
I guess I have this special connection with the soil and the land that is giving us the food and sustenance daily. And who knows maybe years from now I can be able to issue tokens out of that farm...something like AgriTokens or AgriCoins.
Please share your dreams!
Why would you issue your own tokens? Just sell your material in exchange of Bitcoin. Personally I would love to own a house with a pool and a yard to get some sun in the summer. Im sick of sitting in a poverty flat not being able to do anything, other than work a 9-5 job then come back and sleep. Im sick of it. Im hoping that BTC reaches $100,000 during the next 10 years, 15 tops... can't take much longer than that of this lifestyle. |
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You did something wrong, I guess. Because last month I had added a total of three Bitcoin addresses to the Byteball airdrop. It is quite simple, and you just need to sign a message with each of the wallets.
So what did I do wrong? Can you explain step by step how to add several addresses? Because I tried to add another address, and it kept telling me to send all of my BTC on the address that I already entered.. Someone in Byteball should create a youtube video showcasing this stuff if they want people to bother. |
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If Bitcoin can survive its governance problems, forkmania, get some decent exchanges and something ETF esque I think $20,000 is achievable by the early 2020s. So 50 gets my vote. That's not remotely achievable for most here now.
Of course if you and Bitcoin stick around long enough you'll end up being a millionaire simply thanks to inflation with one or less.
My big hope for next year is the inclusion of lightning network, and probably 2019 will be the sidechain's year. Im really hoping that we can have functional, fast fully decentralized exchanges backed by lightning network tech. So far I have seen certain solutions to decentralize trades but they are really slow, they aren't proper exchanges with their own broker, fast order book and a graph, they are more like marketplaces, similar to localbitcoins or bitcoin.de. We need a Poloniex replacement where people can freely exchange crypto to crypto in a decentralized way. I dont really care about fiat trading. |
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Maybe 100btc is enough to live a happy life here in my country,with that amount of money i can go whatever i want,eat whatever i like buy everything that will make my family cause they are the reason why im doing it. I dont have any plan for myself its them why im working so very hard.
I do not think 100 btc in my country, you will become millionaire. That money is enough for you to buy a big house or a few cars. I think becoming a millionaire needs more btc than 100. Possibly owning that much btc then you will be rich but not suitable to call millionaire Where do you live? Switzerland?? 100 BTC is already $340,900, who the hell owns that in BTC? A extreme minority. If 10 BTC is rare, 100 BTC is ultra rare. With 100 BTC you'll be a millionaire within 10 years for sure. We'll hit $10,000 once lightning network is deployed and sidechains start appearing, the growth in price will be exponential, so $10,000, then $100,000 faster than we can imagine. |
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Bitcoin now is over 3000 usd. How much bitcoin would you say you need now to be a millionaire in the future? I heard there is an expert that said bitcoin will hit 100k but this would take a very long time. This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.
If bitcoin hits 100k a coin, you would need 10 bitcoin. And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.
To those of you with say 5 bitcoin, do you think its possible? What about those with say 10 bitcoin? I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire? I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money.
I believe in the 21 BTC statistic. If you own 21 BTC, you are part of a group of less than 1 million people on the entire planet. This is a very descriptive stat. I mean if Bitcoin is to become a digital gold of sorts, we are looking at $100,000 within 10 years realistically. I wouldn't aim for any less than 21 BTC, even if 10 would be enough, you want more than that, 21 is a good psychological goal to stay motivated, don't set small goals, aim for more to work harder. |
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I have been in bitcoin for years and i have never been more excited to see a feature added than segwit, because it will allow for a lot of other things. But something that keeps worrying me is, I have heard quite a lot of people talking about a potential vulnerability that could be exploited by malicious miners, that could steal the money held in segwit format addresses creating a "DAO type" event, as in all these addresses could become a nice price pot for attacker.
I don't know the details but I would like some input on this, if you need more info I will try to find it, I don't remember right now who wrote this, but it had something to do with a DAO style disaster with segwit.
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The really bad news is this here: https://github.com/bitcoin/bitcoin/pull/10982Blockstream really wants to isolate and keep core power centralized, rather to compromise and allow multiple client implementation. Will all follow by blindly upgade to 0.15 ? It's just how it's supposed to be. You can't accept protocol-changing nodes trying to change consensus rules. Satoshi warned us about that: The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime. Because of that, I wanted to design it to support every possible transaction type I could think of. The problem was, each thing required special support code and data fields whether it was used or not, and only covered one special case at a time. It would have been an explosion of special cases. The solution was script, which generalizes the problem so transacting parties can describe their transaction as a predicate that the node network evaluates. The nodes only need to understand the transaction to the extent of evaluating whether the sender's conditions are met.
The script is actually a predicate. It's just an equation that evaluates to true or false. Predicate is a long and unfamiliar word so I called it script.
The receiver of a payment does a template match on the script. Currently, receivers only accept two templates: direct payment and bitcoin address. Future versions can add templates for more transaction types and nodes running that version or higher will be able to receive them. All versions of nodes in the network can verify and process any new transactions into blocks, even though they may not know how to read them.
The design supports a tremendous variety of possible transaction types that I designed years ago. Escrow transactions, bonded contracts, third party arbitration, multi-party signature, etc. If Bitcoin catches on in a big way, these are things we'll want to explore in the future, but they all had to be designed at the beginning to make sure they would be possible later.
I don't believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network. The MIT license is compatible with all other licenses and commercial uses, so there is no need to rewrite it from a licensing standpoint.
It's hard enough maintaining backward compatibility while upgrading the network without a second version locking things in. If the second version screwed up, the user experience would reflect badly on both, although it would at least reinforce to users the importance of staying with the official version.
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Nobody is using Bitcoin Cash other than people making transactions to dump it for BCC. Nobody but some idiots would want to have Bitcoin nodes centralized inside china. Nobody wants a coin that is mined by "ViaBTC + "other"" (BitmainCoin). Accept defeat already. Bitcoin Crash was DOA. It may have artificial pumps here and there like ETC: doesn't matter. Ya no one uses it after one week, wow its dead LOL You sound like someone who dumped your BCH early and now realize you goofed up like tons of others. Bitcoin Cash IS the real Bitcoin now and will only get bigger and stronger as the weeks go by. Did you forget to take your meds? If he dumped BCash when it was 0.25 he could have made a ton of money, now BCash is 0.10 and struggling to keep there. A coin that is worth 10 times less than BTC and is not accepted anywhere and basically nobody cares about it but some Roger Ver fanboys is not the real Bitcoin, sorry to break your bubble. Everyone that hasn't sold out yet is just waiting for the next pump to liquidate their BCash. It's over. |
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https://www.bloomberg.com/news/articles/2017-08-08/putin-s-aide-seeks-100-million-to-rival-china-in-bitcoin-mining Today’s bitcoin mining requires special computers based on chips with minimized power consumption. China’s Bitmain Technologies Ltd. is one of the leading producers of such equipment and also runs Antpool, a processing pool that combines individual miners from China and other countries. Rival Bitfury Group, founded by Valery Vavilov, a Russian-speaking native of Latvia, produces equipment for mining virtual currencies and runs large-scale centers in Georgia and Iceland.
Russia has 20 gigawatts of excess power capacity, with consumer electricity prices as low as 80 kopeks (1.3 cents) per kilowatt hour, which is less than in China, RMC said in the presentation. The company initially plans to locate mining computers based on Bitfury chips in individual Russian households to challenge Bitmain by using Russia’s lower power prices.
Now this is getting interesting. And when Russia joins the mining ecosystem, you know that the US is not simply going to sit back and relax. They will jump in too eventually. The Chinese mining monopoly has it's days countered. It's time to fire Jihan.
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Yes you should buy now, or maybe wait a couple of hours or days, but the thing is, it's really a lot of dumping pressure that happens after the airdrops, it always happens, once the airdrop is deployed, the supply increases and the dump is guaranteed. It should recover until the next airdrop.
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I was able yesterday to pick up some Byteball in the distribution period, but when I tried to add different bitcoin addresses, I couldn't. If I clicked here: https://byteball.org/where it says "Chat with the Transition Bot", after signing the first BTC address, if I tried to click there again to re-start the process and enter other addresses, I couldn't do it. Do I really need to send my entire BTC wallet into a single BTC address? why? doesn't anyone else see how this is a big problem when it comes to privacy? |
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Im going to try for the first time ever getting some Byteball in the airdrop and I have a question: What happens if you do the transition bot thing and send the address before the actual airdrop starts? Is there a queue and I can send it already before it begins, or if I try to do it now before it starts it will get rejected and prompt you an error like "wait for the airdrop period to start".
I just watn to be sure that I dont lose my BTC. I will try to send it as soon as the countdown on the website goes to 0 but just in case I send it 1 second earlier, I want to know what would happen.
you need to do it ASAP You aren't answering his question. ASAP means as soon as possible AFTER the countdown on the website goes to 0? or ASAP at any time? WHAT happens if you send it before it goes to 0? It's my first time here too, and I got these doubts, and also this: If we send our entire wallet into a single byteball address, is this bad for privacy and we should use 1 different byteball address for each bitcoin address we have? (similar to bitcoin, where you should never reuse 1 address, but get a different address for every transaction you make) You need to link your byteball wallet to your BTC address/es BEFORE the countdown finishes. At that point a snapshot will be taken of the bitcoin blockchain and the amount of BTC you have that you linked to will be credited at a rate of 0.0625 GB per 1 BTC. After this point you would have missed the snapshot and hence the airdrop on this round. You may only link 1 byteball address to qualify. You don't need to send BTC at all you can just sign each address. You aren't replying my privacy concern. Do I need to generate a new byteball address for each signed BTC address right? otherwise, I would link my entire wallet to a single byteball address... not a good idea. I tested right now with an address where I have 0.1 BTC. I signed the address with my Bitcoin Core full node, and put the signature on the Transition Bot chat thing. I then wanted to add more BTC addresses, so I generated a new byteball address, then clicked on the "Chat with the Transition Bot" thing on the website to start again the signing process, and I get a message like this:
Hello again! Your current linked Bitcoin address is XXXXXXXXXXXXXXXXXXXXXXXXXXXXX .
Please make sure that XXXXXXXXXXXXXXXXXXXXXXXXXXXXX is indeed your address and move all your coins to this address. You receive x.xxxx GB and xxx,xxx,xxx blackbytes for each 1 BTC of the total balance of this Bitcoin address on August 7.
Current balance of this address is 0.1 BTC.
For the bytes you hold on August 7 you receive x.x new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.
You also receive x.xxxxx blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:
YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY: 0 GB.
Move your bytes to the linked address in order to maximize the amount of blackbytes you receive.
You are expected to receive x.xxxxxx GB and x.xxxxxxxxx giga-blackbytes (GBB). x:xx PM
How do I sign more addresses then? I just keep getting this message. Also, I clicked on "RECIEVE"->"GENERATE NEW ADDRESS" and now I have a different address, so im not sure if I control the previous address anymore? Should I have created a new "Wallet" instead of clicking ""GENERATE NEW ADDRESS"? Did I lose the address that I was supposed to receive the byteballs from? And what does that message that im getting (the Hello again! one) even mean? Does this program really expect me to send my entire BTC history into a single address because the program doesn't let you enter multiple different addresses? that sounds like a joke to me. |
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Im going to try for the first time ever getting some Byteball in the airdrop and I have a question: What happens if you do the transition bot thing and send the address before the actual airdrop starts? Is there a queue and I can send it already before it begins, or if I try to do it now before it starts it will get rejected and prompt you an error like "wait for the airdrop period to start".
I just watn to be sure that I dont lose my BTC. I will try to send it as soon as the countdown on the website goes to 0 but just in case I send it 1 second earlier, I want to know what would happen.
you need to do it ASAP You aren't answering his question. ASAP means as soon as possible AFTER the countdown on the website goes to 0? or ASAP at any time? WHAT happens if you send it before it goes to 0? It's my first time here too, and I got these doubts, and also this: If we send our entire wallet into a single byteball address, is this bad for privacy and we should use 1 different byteball address for each bitcoin address we have? (similar to bitcoin, where you should never reuse 1 address, but get a different address for every transaction you make) |
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Blockstream is working for the US gov. They have to choke the blocksize in order to force users off-chain. That's the only way for western banks to remain in power.
this is the dumbest thing i have ever heard! i am against off-chain probably more than anyone, and i'd rather use an altcoin instead but i fail to see how people using off chain transactions would benefit US gov and their evil plans. and at the same time, what makes sense is the US gov wanting to increase the block size to an absurd amount (8MB for example) to centralize the nodes and can easily monitor things. and by taking over the development even inject backdoors in the nodes and wallets people use. You can't try to argue logic with big blockers. They always bring how AXA funds this or that in blockstream, but they don't see how 8MB blocks is a death sentence for the decentralization of the network, but they will come up with excuses about it not being a big deal. They have really lost their mind or they are getting paid to spread that bullshit. |
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Bitcoin Cash is now insurance against not raising block size to 2MB in November as Segwit2x prescribes to do.
Those who want seggy weggy and 1mb blocksize, can now have it using the alt Bitcoin Core. The compromise of 2mb is pointless. There are those who don't trust seggy weggy and won't transact using seggy weggy. Thus, those who want 8mb blocksize with no seggy weggy, can use the alt Bitcoin cash. An insurance is most pointless and could lead to another hardfork therefore another alt... Bitcoin 2SW (2mb segregated witness) or whatever.... So have you sold your BTC seggy weggy enabled for Bitcoin Crash or what have you planned? The NYC agreement, in principle.. has 80% hashrate. This will be a problem, at least to use as an argument to put a lot of FUD in the market. I hope these idiots don't dare to crash the price again, now that we are going to shoot up to $4000 in the next months. What software are you using to transact if you think segwit is not safe? |
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Opposition = Decentralization
opposition if constructive can lead to improvement and possibly even competition. but opposition if led to split is more destructive than anything else. and in any case it has nothing to do with decentralization in my opinion. There are ~200 countries on the planet. If each government in each country ran a full node, wouldn't the network would remain decentralized?
no it will make things horrifying. we need a decentralized network when peers are defined as a user, or an individual person as long as possible. if these individuals stop being able to run a full node then it is the death of decentralization. Only when all governments begin colluding together will the entire network become centralized. This will never happen as long as Russia and China do not submit to American authorities, and vice versa.
doesn't make any different. you are still describing a heavily centralized system. Opposition ensures that both sides are held accountable.
same as above about opposition. and it will only be good and constructive as long as both sides are working on the same thing not on different projects (split/forked off chain) I find it funny that these that buy into the "opposition is good, let's have 100000000 different bitcoins" don't even entertain the idea that all of these efforts to split bitcoin aren't funded and promoted by enemies of Bitcoin that want to see it fall. "The Powers That Be" have been using "divide and conquer" successfully for years. Do you really think that they wouldn't do the same with bitcoin? Consider that next time you buy into the next hardfork hype. |
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the healthy middle ground is simple
slap anyone with a wet fish who exaggerates 1mb to become 'gigabytes by midnight' (i mean this comically, not literally)
shake hands with anyone that says logical natural and incremental dynamic changes over time.
these incremental changes would occur by nodes showing what they are capable of and only adjusting to consensus of node capability.
in short. it only grows if nodes say yes without devs needing to puppet control the growth/stalling of the blockchain.
thus the "server farm" fud doomsday wont happen
however
doing things like filtering data, pruning data dilutes the capability/function/effectiveness of a nodes. thus not making it a full node, which is far worse than giving nodes power to decide when the blockchain should grow.
take FIBRE. imagine the only full nodes being FIBRE as the top tier of bitcoin network, controlling what direction the network goes. and the only publicly available codebase nodes are second tier cludgy implementations that have all these pruned, filtered options set.
(warning to fanboys. dont reply purely defending the devs(humans) instead think long and hard about the reality of people using the code/features)
remember if its not a full archival and full validation node. its not a full node.
all this filtering, stripping, bridging, pruning and 'treat as valid' checkpointing. is just ripping the main purposes of decentralised security away and just pretending to be decentralised. when infact its just faking the whole validation process. which in reality is the real threat.
but it takes alot of effort to look beyond the short term/temporary drama of dev's and to think about the long term viability of bitcoin to see that its not who is coding bitcoin, because devs can come and go.. but to see what is happening to the code features devs add which can affect things long term.
There is no good dynamic blocksize technology solutions as to date, if there were we would be using it already, the problem is, it just doesn't work, everything we've seen doesn't cut it, the game theory becomes easily exploited with the dynamic blocksize solutions seen thus far. Therefore conservative blocksize and fee market remains the only option. Increase of blocksize is possible, but not with NYC agreement type of nonsense. At least 1 year from now, then consider a hardfork, we don't need more drama, we just got out of BCash drama, let's drop the hardforks for a while. |
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who among you here heard bitcoin back in 2009 and 2010? I was one of the people who is very skeptical about it and I really regret it.  I missed the best opportunity for a lifetime. Everyone regrets not paying more attention back in the day, but what can you do? Unless you have a time machine of sorts and go back in time, chances are you are stuck with what you have now, which is the present and the future. In 2013 when I learned about Bitcoin, the price was already at $1000, and I thought that I needed to get into it immediately because the technology was fascinating and this was only the beginning. Then the crash came, but instead of selling, I doubled down at the bottom. Now im laughing at the people that said I was insane. It's never to late with Bitcoin. We are still in the early days. Once we hit $1000000, then you can consider its late. |
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There's no way to know the tops and lows, that is the basic 101 of trading. So the only think you can do is try to catch the waves.
If you've had an entire week of red candles, that is an obvious bear market.
Just remember that you will never be able to guess tops and lows. Try to watch the fundamentals and if a dip is cause by the usual bullshit (hardfork this hardfork that) then just buy the dip when it looks oversold). This is an example.
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