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This isn't a topic I have much knowledge on. Does have a feeling no one holds cash due to the US federal government being $20 trillion in debt, with fears of the dollar crashing hard if the deficit inflates to a point where it becomes unmanegeable?
I've heard of cases where people put their money into gold, silver and precious metals during times of hyperinflation to preserve the value of their wealth. I can't say I know much about whether the stock market can serve a similar function of preserving wealth from hyperinflation. What are the chances that the recent stock market uptrend is fueled by investors looking for a safe place to store their wealth, in the event a collapse occurs?
1) I think one of the reasons for the run up in stocks is that there's little diversification alternatives due to bonds being rather unattractive right now due to the rising base interest rate. 2) There's no point investing in USD denominated stocks if you fear that the dollar is going to crash. If people were actually worried about a collapse of the USD they'd flee towards a) foreign currencies, b) foreign stocks, c) gold and d) Bitcoin... maybe. addendum to 2) Stocks can serve as a protection against "regular" inflation. That stocks could serve as protection against hyperinflation is doubtable, as hyperinflation would most likely crash the economy and take the stock market down with it. |
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Wenn ich deine Beiträge so lese habe ich das Gefühl die Masse ist schon hier  Ich finde auch, dass sich hier so langsam die Anfängerfragen von Membern mit wenigen Wochen alten Accounts häufen. (Mal abgesehen von Prognosen von 7% Gewinn am Tag  ) Gestern wurde bei mir bei der Arbeit die gesamte Mittagspause über BTC gefachsimpelt und ob es nicht jetzt schon zu spät sei um einzusteigen. In meiner subjektiven Wahrnehmung wächst der Hyper in der Masse Same here. Zum Glück weniger gefachsimple, aber zunehmende Fragen aus dem Freundes und Bekanntenkreis. Dazu ganz viele Überlegungen ob's nicht schon zu spät sei und ob man nicht warten solle bis der Preis wieder gesunken ist. Und zwischendurch durch vereinzelt Leute die meinen X sei besser als Bitcoin weil Y. Und dabei les ich die ganze Zeit in den Medien das man den Hype um Bitcoin ignorieren sollte, weil die eigentliche Innovation in der Blockchain liegt. Die Blockchain! Die allmächtige Blockchain! :O |
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In my opinion the fork is always bad. Any money likes stability and predictability. This bitcoin can't provide. Many people may disagree because after every fork they get free coins. But I think that it is a very small compensation for the loss of image. To sell your bitcoins you need now if you need money urgently. In the future it will rise in price.
Hi thanks for your response. May I know, when you meant "They get free coins". Who gets free coins? And how? A hardfork occurs when what used to be the same currency, starts following two separate set of rules -- one being the old set of rules (in the case of November, BTC), the other following a new set of rules (in the case of November, B2X). Ignoring the hardforks that happened earlier this year, for the sake of example, up until the November SegWit2x fork, there's only BTC. Once the SegWit2x hardfork occurs, you'll have both BTC and the equivalent amount of B2X -- ie. for every 1 BTC you hold, you now also have 1 B2X. Two separate currencies, that can be traded for each other -- ie. you can use your BTC to increase your B2X holdings and vice versa. Keep in mind to actually have access to your B2X you need to either hold BTC in a wallet of your own -- ie. a wallet where you have access to the private keys -- or hold the BTC on an exchange that supports B2X. However the latter option puts you at the mercy of the respective exchange. That's the postive aspect. The hardfork could still go awfully wrong, with both BTC and B2X losing significant value, so there's a certain amount of risk involved. |
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Hello.
I have idea to launch gambling website with only BITCOIN currency.
Want to hear your opinion which hostings are Bitcoin friendly and trustful?
Look into yohost.org, namecheap.com and bithost.io. Of those three namecheap is the most trustworthy, yohost the most privacy focused and bithost probably the cheapest. Edit: Oh, and there's also zap-hosting.com. However while legit, their dedicated servers don't seem to be all that reliable. |
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Solidity and the smart contracts that run on it are still not even close to the level of security, reliability and stability that would be required for what Ethereum tries to achieve. Unless they get their shit together in this area I don't see a bright future for Ethereum, given that its extended scripting capabilities is the main value proposition that Ethereum brings to the table.
As a currency there's little to be gained from Ethereum, especially since its scalability is just as bad -- if not worse -- as Bitcoin's in its current state. Add to that questionable forking policies (I'll probably never get over how they handled the DAO, but maybe that's just misdirected principles) and the fact that Ethereum the technology can be easily decoupled from ETH the currency, I remain an ETH skeptic.
That being said, I think from a fiat perspective there's still room to grow, short term ETH might even outperform BTC for a while, but long term I don't see it pushing BTC from its throne.
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Tether is a ticking time bomb, that's for sure, but at this point I think its influence is luckily rather limited. As in: I doubt that the trading volume of Tether -- fake or not -- is large enough to influence the Bitcoin price in a meaningful way.
That being said, should Tether get belly up we would still be in for a ride because it would disconnect a lot of exchanges, especially the alt heavy ones. Question being, whether this would pull down Bitcoin with it, or whether people would simply move to one of the exchanges that are still connected to the traditional banking system.
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That is correct. The argument given by the SEC so far is that they cannot allow an ETF on an unregulated underlying. That argument will fly out of the window if you have Bitcoin futures which are regulated. You can then have an ETF based on Bitcoin futures. That's quite an interesting thought actually. Nonetheless it would be kind of funny if a Bitcoin ETF still gets denied after a Bitcoin futures ETF has been approved. But I guess even the SEC would see the stupidity in that. |
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Regulators already came down on ICOs without much avail, so I don't see much changing on that front.
The ICO rush will stop once people stop throwing their money at overvalued projects of questionable viability which I don't think will stop anytime soon. The market definitely has cooled down a bit, but it seems to be rather easy to just pump out worthless vaporware ICOs, so this "business model" could stay profitable for quite a while still.
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I had heard that all who own bitcoins will get bitcoin cash, and since I had my coins already for years, sitting in an electrum wallet, I thought I was ready for this.
But now I started to read about this, how to gain Access to these coins and it was written that I would need the seed phrase of electrum wallet. Well, you know what, I never realized it is important, I just had the wallet.dat file in a safe Place, and remembering the password I need to enter when making any transfers. This way I was always able to gain Access to the wallet whenever I reinstalled Windows, or changed my Computer, just downloaded my personal wallet.dat file and installed electrum.
So I didn't care that I had long time ago forgot the seed phrase paper somewhere. Had I known I would probably have moved the btc to a new wallet and have the seed phrase in a safe Place but as it is, I didn't do that.
I'be been holding coins for years but without the seed phrase, is there any way to gain Access to the bitcoin cash??
Don't worry, you didn't lose your Bitcoin Cash. 1) Create a fresh Electrum wallet (make sure to have a copy of your old wallet.dat ready as well!) 2) Backup the fresh wallet.dat file. 3) Write down the seed phrase  4) Send your BTC from your old wallet to your fresh wallet. 5) Wait for your BTC to arrive in your fresh wallet. Your old wallet now only contains BCH. Your fresh wallet now only contains BTC. 6) If possible, install Electron Cash (note the name Electron instead of Electrum) on a separate device. If you don't have a second device, remove the fresh wallet file from your current device but make sure you have both the backup and the seed phrase.7) If you install Electron Cash on the same device where you used for Electrum before, it should automatically import the old wallet.dat file. Otherwise import the old wallet.dat file manually. I think that about covers it. |
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I'm not sure about colored coins, but have you looked into nlocktime / op_checklocktimeverify in cooperation with some sort of dead man's switch? Maybe that's one piece of the puzzle you're still missing.
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Simply because bitcoin's price is currently too volatile to be used as a payment of those big tech companies. I'm pretty sure companies of that caliber wouldn't want to put their company on a huge risk of losing money.
I'm pretty sure it's mostly due to regulatory uncertainties and less due to Bitcoin's volatility. There's nothing that would stop Google from converting fiat to BTC at the point of payout and sending bitcoins to their publishers. Basically the reverse of what BitPay does. Of course the exchange rate risk would then get transferred to the publisher accepting the payment. However it is safe to assume that a publisher accepting BTC payout would be willing to bear with the exchange risk as well, otherwise they wouldn't accept BTC in the first place. |
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Hey guys, I just need to know how to set my wallet address as my profile location. My problem is that I don't know how to find profile location in settings. Any help is appreciated. Thanks!
In the site header, under your avatar, there's a navigation bar. Click on "Profile". Then on the left, there's a section called "Modify Profile". Here click on the second option, "Forum Profile Information". In here you'll be able to set your location, amongst other things. |
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Inflationary fiat currencies such as the US Dollars are needed to keep the economy growing. Would Bitcoin manage to utterly dominate fiat currencies, rendering them basically useless, the world economy would collapse because a purely deflationary currency such as Bitcoin would prevent economic growth. That is, unless a balance between Bitcoin and inflationary fiat currencies is achieved.
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okay , can you explain me about the "signature" and "bounty" ?
how do is work ? (sorry for my english^^ )
Signature campaigns pay you for running an advertisement in your forum signature. They can be found here: https://bitcointalk.org/index.php?board=52.0However they usually require you to have a rank of "Member" or above and expect a certain post quality. Stick around a bit, write constructive posts and maybe you'll be able to join one in a few weeks. Bounties are usually offered by alt coin, ICO and similar projects, for providing services such as translating texts, promoting the project, etc. You'll find most of those in the alt coin boards. Last but not least, read this: https://bitcointalk.org/index.php?topic=1629118.0 |
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I still didn't have time to read a full paper but so only read a little bit. "Simplicity is a typed, combinator-based, functional language without loops and recursion, designed to be used for crypto-currencies and blockchain applications", first that comes up in my mind is does the flexibility in the language reduced? and how about its security, sometimes efficiency is often sacrificed for security purposes.
Yes. Compared to turing-complete languages you are looking at improved security by reducing complexity which more or less translates to reduced flexibility and expressiveness. There's always a trade-off. That's what I mean. Bitcoin needs a VM layer like Ethereum, and a FORTH-like language that compiles to BVM (a hypothetical Bitcoin VM) bytecode.
If I understood it correctly the VM layer would be the Bit Machine mentioned in the whitepaper, with Simplicity being the equivalent of bytecode. |
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The main function of USDT is to enable virtual USD transfers to crypto-currency exchanges that are cut off from traditional banking.
Apart from slight price fluctations the main problem with USDT is that it's centrally issued by an effectively unknown entity. So while relatively stable due to being "backed" by USD... you have no guarantuee that USDT isn't running fractional already. Which means the risk of a "default" is higher with USDT on Binance than with USD in Coinbase. In other words, buyer beware.
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1.) fake web sites that look real, which harvest private keys ( most common easy way to make $5 Million USD in one afternoon )
This is just scamming. It happens with fiat currency (and all other currencies) as well. 2.) mt-gox type infiltratin of exchanges where private-keys are held, another easy way for 'hackers' to gain access to millions quickly
This is based on weak and centralised third parties. It doesn't hack BTC, it just finds weaknesses in one central system. 4.) The theory of experts
And by experts you mean idiotic conspiracy theorists? The NSA do not have the technology to break 256-bit security, nor do the public. No one does yet, and if anyone does in the future, there can just be a hard fork to a more quantum-secure BTC. is that NSA created BTC to wait and see when the PUBLIC would/could break SHA-256, I speculate it will be broken by public within 2-3 years
The cryptography standard ENCRYPT II considers BTC safe until at least 2030. 5.) Large Bitcoin Collider - this project if it gets 1k, or +10, users, all targeting their asic/gpus farms towards any specific address say 'satoshi1', then selective hacking will be gold, and just like mining pools, people will be paid a share of the profit as high value coins are hacked,.. How soon? Again it just depends on how quick he can get ppl aboard.
False. No current computers are capable of getting anything other than a negligible amount of keys and coins from people with poorly randomised (or not randomised) private keys. Can U backup a single one of your insipid assertions? The NSA has never blessed an ALGO they didn't own their entire adult lives. 1) It is called phishing and fairly well known phenomenon. [1] 2) Mt.Gox was hacked due to transaction malleability, which could be exploited due to a problem with Mt.Gox's accounting implementation. [2] Other noteable cases such as Bitstamp and Bitfinex happened due to either server breaches [3] or insufficient security procedures [4]. None of which has to do with Bitcoin itself. 4) I love NSA conspiracy theories as much as everyone, but that's just silly. Matter of fact, the NSA has already started working on quantum-secure encryption recommendations [5], at which points Bitcoin's hashing algorithm is the least of our worries, because regarding Sha256 it would only lead to faster miners at best. Also Sha512 5) The Large Bitcoin Collider is not about robbing people, but rather about the technical challenge [6]. So far mostly puzzle trophies have been found [7]. Even if the Large Bitcoin Collider would be about robbing people, it is vastly more profitable to simply mine instead. [1] https://en.wikipedia.org/wiki/Phishing[2] https://www.tik.ee.ethz.ch/file/7e4a7f3f2991784786037285f4876f5c/malleability.pdf[3] http://www.zdnet.com/article/bitstamp-bitcoin-exchange-suspended-amid-hack-concerns-heres-what-we-know/[4] https://news.bitcoin.com/bitfinex-us-regulation-cold-storage/[5] https://www.schneier.com/blog/archives/2015/08/nsa_plans_for_a.html[6] https://lbc.cryptoguru.org/about[7] https://lbc.cryptoguru.org/trophies |
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It is too late if you want to make big profits within months. Its not too late if you look into 10-30 year perspective
This is the right way to look at things... Do you think like that? There are too many ICO projects, so you can make big profits in short period.
...this is not. Mid- to short-term it's hard to say whether the market will continue growing or whether we'll see a reversal in market trend. Long term I personally am still definitely bullish, even should another 5-10 year bear market occur. I would stay clear from alts and ICOs for the beginning though. Too many scams, too many false promises of quick profits. Do your research first, try to understand what you are about to invest in -- including Bitcoin -- and don't let greed get the better of you, lest you stand to lose more than you could gain. |
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Arguably most ICOs are simply unregulated securities that try to use legal loopholes, which puts them in a legal grey area in the first place.
So yeah, I could very well imagine Japan banning -- or at least trying to regulate -- ICOs. Their friendly stance towards Bitcoin has nothing to do with their -- currently unknown? -- stance towards ICOs. While both exist in the same space, Bitcoin and ICOs are two wholly different asset classes.
ICOs are an amazing concept, but unless the market gets its shit together I think it's only a matter of time until more bans follow.
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In my opinion people on TV receiving Bitcoin was mostly about 1) the novelty factor and 2) supporting fellow Bitcoiners that photobomb national television with Bitcoin.
I don't think it's going to work by just randomly spamming your BTC address all over the place. It's something different if there's a cause (or lulz) to support.
When was the last time you randomly sent money to an anonymous BTC address?
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