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2801  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a currency (an economist view/contribution) on: October 04, 2017, 07:40:25 AM
3- till now, Bitcoins and other cryptos appears to me not as currency but as a bullion of gold, a bullion of silver, a bullion of platinum, an ingot of aluminium. It costs money to buy and keep, and it costs money to spend.

nearly 1 billion dollar yearly bitcoin payments/transactions only through BitPay disagrees with you:
https://blog.bitpay.com/bitpay-growth-2017/
it doesn't get any currency-er than this. Smiley

Thanks, the link you posted I just read so quick, what it says is simply bitcoin adoption, use.. etc is growing and it is here to stay.

The point no. 3 is simply as follows:
How much would it cost you to pay in BTC only 10 cents to someone?

ignoring the months of May, June and August of this year (the severe spam attack) it only takes me a couple of cents (less than 10) to send a transaction. you can go to blockchain.info or any other block explorer and check the latest blocks to see the fees people pay for their transactions. ignore the first 10-20 transactions and look at the rest of ~2000. specially at the bottom you can see the 1 staoshi/byte transactions being confirmed fast and with high priority.
2802  Bitcoin / Bitcoin Discussion / Re: Bitcoin Gold is coming – what is it and how will it affect Bitcoin? on: October 04, 2017, 07:17:03 AM
* bitcoin gold does not have replay protection, it is not a possibility it is the code!

Do you have a source suggesting that replay protection won't be implemented?
you can check the code on GitHub if you know where to look (i don't really). https://github.com/BTCGPU/BTCGPU
or check the changes creators made: https://github.com/BTCGPU/BTCGPU/commits?author=h4x3rotab
https://github.com/BTCGPU/BTCGPU/commits?author=TheSorrow1

or see the open issues Wink
https://github.com/BTCGPU/BTCGPU/issues/18

Quote
I naturally assumed they would be adding replay protection. Why wouldn't they?
for incompetence maybe!
and it is too soon, maybe they add this before the launch eventually!
2803  Economy / Speculation / Re: Goldman Sachs Entering Bitcoin Trading? on: October 04, 2017, 07:09:11 AM
i remember at least for the past 3-4 months Goldman Sachs has been releasing articles analyzing bitcoin and giving speculations (which were surprisingly good too). and they have most probably been trading bitcoin a long time before that too.
everybody knows how profitable bitcoin has been. and from time to time the market becomes so predictable that it would be a crime not to trade Cheesy
2804  Bitcoin / Bitcoin Discussion / Re: Bitcoin Gold is coming – what is it and how will it affect Bitcoin? on: October 04, 2017, 06:50:32 AM
please for the love of god stop making new articles

your knowledge of bitcoin and the things that are going on is very limited and full of mistakes. and you fail to do proper research each time you make an article and post it here!

for example here:
* UASF has nothing to do with SegWit2x
* the creation of ASICs and being SHA256 has nothing to do with bitcoin having high hashrate, it has that because it is profitable to mine bitcoin. so as a miner you see investing in buying an ASIC to be more profitable than mining anything else.
* bitcoin gold does not have replay protection, it is not a possibility it is the code!
2805  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a currency (an economist view/contribution) on: October 04, 2017, 06:42:27 AM
3- till now, Bitcoins and other cryptos appears to me not as currency but as a bullion of gold, a bullion of silver, a bullion of platinum, an ingot of aluminium. It costs money to buy and keep, and it costs money to spend.

nearly 1 billion dollar yearly bitcoin payments/transactions only through BitPay disagrees with you:
https://blog.bitpay.com/bitpay-growth-2017/
it doesn't get any currency-er than this. Smiley
2806  Bitcoin / Bitcoin Discussion / Re: Bitcoin Fork 2 ? on: October 04, 2017, 06:37:52 AM
it seems to me, if the second fork will charge the holders of bitcoins the same freebie as the first. And this new bitcoin will grow to $ 1,200 per 1 piece. The holders of the bitcoins should be prepared for this, because this is a chance to multiply their capital several times and we also have to be good at checking how to go down its bitcoin !!

you do realize that bitcoin gold has a very large premine right?
do you honestly think people are going to invest in something like that?

i am sure that BTG will get pumped at some point just like many other altcoins that are being pumped every day but something with such a huge premine and with nothing to offer can not really grow that much. so don't keep your hopes up. specially at first.
2807  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The next Alt boom is set to launch after BTC fork on: October 03, 2017, 07:25:08 AM
why do you think so?

there is no reason for another widespread altcoin pump this year. at the beginning of the year there was a lot of reasons, mostly because of the uncertainty of the bitcoin future and also because of the severe spam attack that it was experiencing. so the pumpers took advantage and released the ".... will replace bitcoin" crap and pumped the shit out of every single altcoin out there.

there is no similar reason now for another "alt boom" again. you will continue seeing 2-3 altcoins getting big pumps every day and the rest being on the downtrend like always.
2808  Economy / Exchanges / Re: Cryptocopia will soon a tier 1 exchange imo on: October 03, 2017, 07:12:45 AM
for some reason it took a very long time to load the page! probably they have some server issues.

as for the UI, i don't really see much change though. it is all tiny changes in the JavaScript.
the chart is still the same old thing.
the orderbook is still the same except a small background showing the "depth" in color.
the history is still the same with a little color code on the side to show buy and sell!!
the side bar is the same
the chat is still same useless and waste of traffic.
the account/profile is just colorful now.
the API is also the same annoying thing!

these aren't really any fundamental changes that can change how cryptopia is ranked. all minor things!
2809  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Fork on: October 03, 2017, 07:02:59 AM
Thanks.  Could you suggest the best place to hold at the time, if a fork were to occur or do we need to wait until confirmation and announcements upon who will adopt.   
you have two choices each with risk and benefits:
1. hold bitcoin in a wallet that you are the only one having the private key. for example a paper wallet, hardware wallet, desktop wallets like core or electrum,...

the risk is that you will have to download the other coin (BTG wallet) which may be malicious, with bugs or lots of other issues and also risk waiting a long time for confirmations, and wait a long time for exchanges to list the coin and enable deposits before you can transfer the coins there and dump.

benefit is that you will be holding your "bitcoin"s safe. and you will be in full control of bitcoin and any airdrop that comes to you.

2. send your bitcoin to an exchange that promised to credit you your airdrops.
it is like BCH. bittrex promised to credit and they did it on time and well enough.

the risk is that you will be keeping your coin on an exchange. and they will control the airdrop, they may change their mind even.

benefit is that you will be the first one dumping before the price tanks. you can even enjoy all the swings in the early days (buy in the dip and dump in dead cat bounce).

Quote
If this Fork was to be confirmed.  Would you agree in saying that, plenty of people will buy bitcoin and be holding BTC leading up to the Fork just to get the equivalent in BitcoinGold.   ?   
that is a possibility, yes.
although i don't think it will have big effects on bitcoin price though.
2810  Economy / Speculation / Re: I've noticed something strange on: October 03, 2017, 06:47:55 AM
-snip-
We are not getting free coins because there is no replay protection in this hard fork. Moving Segwit2x/btc1 coins will be replayed in the real chain and you would lose your real Bitcoins.

it is very easy to protect against replay attack though. you just have to spend a little more time.
it involves a pretty basic set of things:
- using locktime
- using RBF
- creating two sets of transaction for two different chains.
one chain will inevitably be faster, you get your transaction confirmed on the faster chain and then immediately spend the transaction on the other chain. since you used locktime and the faster chain will be ahead of the slower chain the tx on the faster chain is not yet valid on the slower (behind chain) so you create a new tx (RBF helps here) and have your coin in a different key.
2811  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Cash on: October 03, 2017, 06:40:10 AM
there is no new bitcoin old bitcoin or other bitcoin,.... there is only 1 bitcoin and there will always be 1 bitcoin and there is always going to be a lot of other altcoins that use the bitcoin name. there currently are at least 10-12 other altcoins with bitcoin name and some other word. bitcoin cash, gold, dark, core,...

bitcoin cash is just another one of these altcoins.

you also can create your own too. just go to github and fork bitcoin code and start running it with some changes and you will have your very own fork. you can call it "bitcoin pranaja"
2812  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Killer? on: October 02, 2017, 07:25:08 AM
Which coin, if any do you think has the power to over take Ethereum and why?

none of these because:
- Eher has a big foundation behind it which started with a lot of money they slowly gained a lot more with the pump and dumps too. they won't let it die that easily. other projects don't have those deep pockets to advertise and pump their coins.
- a lot of people have already gotten caught in the ether hype and are ensnared. this was mostly because of the miners which were a big part of the whole thing so far. they will not leave that easily.
- a lot of ICOs which are the initial reason for the ETH rise and they are keeping it alive.

although many of these are changing, like ICOs eventually dying or mining to die soon,... it will take a long time to kill ETH. probably it will be a slow death too.
2813  Bitcoin / Bitcoin Discussion / Re: the best way for bitcoin to be known to all levels of society on: October 02, 2017, 07:15:13 AM
now bitcoin has reached the price of 4445 $ is not it at that price should everyone have already know what bitcoin,
not at all, if everyone knew about bitcoin price would have been 10 times this amount meaning it would have been worth $44,450 by now.

what I ask is there any powerful way that all people know how to use bitcoin?
make big businesses accept bitcoin.
Amazon is a start in my opinion. there has been a rumor and if it comes true you can see the real adoption start and the price rise follows. if it was 100% rumor and never came true, we should all start asking them to add bitcoin payment.
then do the same with other big ones out there. this way little by little the adoption happens and you can see majority of the society know about bitcoin.
2814  Economy / Speculation / Re: Building up to Bitcoin Gold might increase the price of Bitcoin on: October 02, 2017, 07:08:24 AM
the bitcoin cash scenario is a little misleading here because it  coincided with the activation of SegWit and a lot of FUD.
if you remember the FUD was talking about the death of bitcoin just because a FORK was about to happen. there are currently topics talking about bitcoin dying just because it will "split" and disappear.
obviously this keeps the price down and when it goes away, the price springs up to the moon.

secondly it was the "end of scaling debate". that thing lasted for years (3 maybe). and when it ended finally with SegWit being activated and big blockers forking off, we saw the rise because there were no more stopping bitcoin by useless debates to delay the inevitable.

bitcoin gold in comparison has nothing to it. it is a shitty pre-mined altcoin. and currently nothing is going on.
2815  Bitcoin / Bitcoin Discussion / Re: The 10.000 btc pizza... on: October 02, 2017, 07:03:57 AM
you know what, the person who did that really understood what bitcoin is: a currency.
others who are surprised by such spending do not understand what bitcoin is, they consider bitcoin to be an investment that should make them rich. you are the killers of bitcoin if you think that.
of course we all know bitcoin is rising and we all take the profit but if everyone sees bitcoin as just an investment to make profit i believe there won't be any profit anymore. bitcoin is rising because it is a currency not because it was an investment.
2816  Other / Off-topic / Re: What are some disadvantages of BTC? on: October 02, 2017, 06:58:33 AM
-No Refund - sending and receiving bitcoin is risky, 1 wrong letter in the address and say goodbye to your bitcoin

first of all not having any charge back is a feature and a key one at that. this can not be considered a disadvantage just because you don't like it.
second, if you put 1 wrong letter in the address you are trying to pay to, that address become invalid and your wallet will reject it. even if you are using a shitty wallet that does not recognize this (which is impossible) the network will reject it since what you are paying to is invalid.
2817  Alternate cryptocurrencies / Altcoin Discussion / Re: What then.... on: October 01, 2017, 07:36:11 AM
it is very hard to speculate about this.
a hard fork is always a scary thing and nobody ever wants it. all the developers try their best to avoid something like that. but it seems like ETH developers do not care about these things.
the change is also a huge change. it is no a simple fork. it is changing the whole system and most importantly it is putting an end to mining. there soon will be a huge hashrate (a lot of equipment/investment) not knowing what to do. and one of the reasons ETH went up was because of its mining. i expect the next coin that becomes popular among miners in place of ETH to become the new ETH in the market too as far trading goes and price.
2818  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Cash is the future IMO on: October 01, 2017, 07:24:00 AM
We view that the BTC blockchain slowing down radically as mass approval carries on, finance institutions won't accept that slow block-chain once they are able to utilize the BCH block-chain that's substantially faster. I am very long in BCH.

the real question is what makes you think bitcoin cash is faster than bitcoin?
right now nearly nobody uses bitcoin cash. the blocks are completely empty. they either only contain the coinbase transaction (an empty block) or have a couple of transactions inside. with block size of less than 100 kB.
you are comparing this to bitcoin which is processing 200K-300K transactions every day.

besides nothing is stopping bitcoin cash to have clogged up network too. it just needs a little increase in the number of daily transactions and a small super cheap spam attack to cripple the whole network.

and what have BCH really achieve? a bigger blockchain 8 times bigger than bitcoin? centralization of nodes and killing the key feature of bitcoin?
2819  Economy / Speculation / Re: BTC ban is just Gold ban reloaded on: October 01, 2017, 07:19:29 AM
i still don't know who banned bitcoin though Cheesy

all i can see is ICO being banned in some countries and a couple of services in China being closed because they did not have any license. (a business without a license must be closed).
where does "bitcoin" ban comes in i still don't know.
2820  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin processing going slows for anyone?I need urgent help on: October 01, 2017, 06:58:33 AM
there has been a surge of transactions in the past 12 hours (give or take) and i saw Antpool mine a couple of half empty and empty blocks which made things a little worse and that has caused a little bit of backlog which always leads to higher fees than normal, so if you paid the normal old fees you obviously see a delay because your transaction priority will be lower compared to others.

try switching to a wallet that gives you proper fee estimations all the time so you don't have to experience these types of issues.
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