Yeah... I mean, who wants a wallet that takes up less than 50 megs of HDD space, loads up and syncs in a matter of seconds... when you can commit 180+GB of disk storage and a week of your life to syncing Bitcoin Core?  Lightweight SPV wallets have their place and their use cases... just like full nodes, brain wallets, web wallets, paper wallets, hardware wallets and mobile wallets. Just because they don't suit your particular needs, does not make them inherently bad. Sure, SPV wallets like Electrum (basically only Electrum, which is the only one I know with solid devs) may be a good entry point for newbies, but I don't like at all the idea of a seed being able to spawn out of nowhere my entire private key history. Don't you see this as a risk? I would rather hold my keys on a wallet.dat file, where all the private keys are separated, so an attacker would need to actually reach the file and then decrypt it (good luck with that). Not to mention the comfortable peace of mind of validating your own transactions. |
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This is why I have never liked SPV wallets, you are the mercy of someone else when these things happen.
You are at the same mercy with a full node wallet. The wallet (full node or otherwise) will follow the chain that the developer programmed it to follow. In either case, you are still in control, as you can choose NOT to use the software that you disagree with. That's right, but I see SPV wallet devs like Electrum more easily to corrupt than Core developers when it comes to following a forked chain, there's also less people developing in Electrum. So an attacker could bribe Electrum devs into having supported the segwit2x chain in the past for example, while I don't see this happening with Core. And also generally SPV wallets suck in my book, I agree with what Luke Jr has to say about SPV wallets mostly. |
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At what price did you sell exactly?
At some point trying to time the market becomes a losing game. Case in point: If you bought at the peak of the $1300 bubble back in 2013, you would have been the biggest idiot in town while everyone laughs at you.
Fastforward to 2017, and now people are dreaming to buy Bitcoin at $4000... do the math. It is obvious you need to find entry points and simply hold long term.
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If an user is saving their bitcoins on Electrum and an contentious fork happens, what determines what end of the chain will be followed? Does it all comes down to what the developers want to do with the software?
Shouldn't a system be developed that tells you a fork happened and lets you what chain to follow, or could this end in a total mess?
This is why I have never liked SPV wallets, you are the mercy of someone else when these things happen.
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I am asking this question especially for website owners who have membership system and billing their customers via several ways like cc, paypal, bitcoin.
How do you increase your sales by bitcoin billing?
I believe bitcoin usage for commercial uses will stay rather marginal until we have lightning networks. Right now, with all the drama with the fees and so on, it's not very viable to sell for example, ebooks for a couple of bucks a download, since the networks gets often spammed and fees are worth the ebook itself which would make bitcoin unviable for many use cases at commercial level. Once we get lightning networks, people will open a channel for online shop and leave it opened and you will be able to sell stuff for tiny amounts. Until then, you may get an increase in sales when you post on reddit for a couple of days.. that's all. |
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Leave it where you bought with a sell order in place. More often than not some nutter will give random coins a pump for the hell of it. If you bought it knowing nothing then the chances are someone else will too eventually.
While this guarantees that you will get out as soon as it hits a desired priced, there's the problem of leaving your coins in some exchange. If it's a shitcoin, and it's still listed, chances are this coin is listed in one of these dodgy altcoin exchanges. I wouldn't feel safe leaving any relevant amounts of money in say, Livecoin.net, cryptopia, or any of the other more obscure exchanges. I dream everyday with decentralized exchanges so you can keep sell orders indefinitely and safely. Having to think about if it's worth the risk with centralized changes sucks. Even they are shitcoins leaving them behind on exchanges would really give you unsual feeling since those are money after all and same as you said centralized changes do really sucks and the time that they are delisting this is the time you would really panic when to store those coins you have bought which you are just waiting for it to get pumped.Usually i do on this stuff when i was trapped i do normally left it behind and dont cut loses specially when i put already huge sums of money. Shit do happens on trading and get to live with it for sometime. Win some or Lose some. I think we will finally get decentralized exchanges next year, maybe 2019... or possibly 2020 as of totally late. They will work on the lightning network, so you will be able to make buy and sell orders without actually holding your coin outside of your wallet, they will be like smart contracts of sorts. It's hard to explain but the point is the future is great for bitcoin and crypto, since we will cut the middleman of scammers (all centralized exchanges will eventually fail). Im now a bit worried about what could happen with Poloniex and Bitfinex if the Tether scam is real. |
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Leave it where you bought with a sell order in place. More often than not some nutter will give random coins a pump for the hell of it. If you bought it knowing nothing then the chances are someone else will too eventually.
While this guarantees that you will get out as soon as it hits a desired priced, there's the problem of leaving your coins in some exchange. If it's a shitcoin, and it's still listed, chances are this coin is listed in one of these dodgy altcoin exchanges. I wouldn't feel safe leaving any relevant amounts of money in say, Livecoin.net, cryptopia, or any of the other more obscure exchanges. I dream everyday with decentralized exchanges so you can keep sell orders indefinitely and safely. Having to think about if it's worth the risk with centralized changes sucks. |
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I would like to know what research the full time day traders do before trading any particular coin? and what their trade entry and trading procedure is during the day?
First of all.. if you are a day trader, you shouldn't be doing much research, you should be trading bitcoin only. The rest of cryptocurrencies don't have enough volume and liquidity for you to daytrade properly, unless you are trading with tiny amounts. I don't day trade, so I only trade on fundamentals. When I take a position in a coin, I look at it from a technical and marketing point of view. Does it solve anything worth solving and does it properly? Do they have a good way to push their project above the rest of shitty projects if it's any good? If it's a yes on both, I may risk some BTC on it, otherwise I will just hold BTC. |
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I have set up everything, some additional questions:
1) In order to get the 0.018 BTC rate, you must make 25 posts, and posts above 25 will not get paid? (is this a fixed campaign or per/post pay campaign?)
2) Given that I joined today, I may not be able to make 25 posts before monday. Will I get paid for my posts of the first week? (then I will make 25 on the next full week)
3) Are posts in this thread payable? (for example this one)
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Bitcointalk name: gilangIDR
Rank: legendary member
Current post count (inluding this one): 2491
BTC address: 1vmLbDqz65txVKkEsudY7KWCDosnjJS4T
wear appropriate signature: yes Bitcointalk name: patt0
Rank: Legendary
Current post count (inluding this one): 2399
BTC address: 13oqQh8UaxCfYWwfwPG2UmX5NjSRp7TBig
wear appropriate signature: yes Selected One spot left for Legendary Member. Username: BillyBobZorton Post Count: 2985 including this post BTC Address: 1KhnTd8qivUUGiFVrgS73pbmBfqpwrNCar Let me know. each round will be end on Monday 11:59 Pm (UTC+5)
Just to be clear, what hour is this in forum time? |
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Hi, I see the spreadsheet is not yet updated so hopefully there's a free slot for me:
Username: BillyBobZorton
Post Count: 2984 including this post
BTC Address: 1KhnTd8qivUUGiFVrgS73pbmBfqpwrNCar
Let me know and I will update sig and avatar as soon as possible.
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I see there's 1 gap on the spreadsheet which looks like an empty slot, in that case I would like to for apply for that one. If you can confirm I will enter my details.
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A potential outcome that most are not considering is that the NYA people secretly gather again to discuss about removing all support because they realize how contentious and stupid their hardfork is. They would then proceed to set buy orders and they would announce that there will be no hardfork. This would result in a short squeeze as the shorters get killed with an huge pump to $10000+ since no hardfork drama + CME is obviously $10000+ territory, and they would also save face against the bitcoin community.
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Found any KYC/AML or blacklisting in the 2x code yet? Or is it still just the usual assumptions about supposed intent?
Look for the seeds connecting to Jeff Garzik's Bloq bullshit for instance. This is just the beginning, once they get control the real bad shit begins. Obviously they wouldn't show all their cards from the start.
If anyone creates a fork without a significant proportion of users and miners supporting the change, the fork won't succeed, so how can it be a takeover? Bitcoin doesn't have a controlling authority, so who are they "taking over" from? If the project remains open source, what's to stop any existing developers continuing to contribute code? Everything about the word "takeover" sounds like gibbering idiocy when you have even the slightest grasp of how Bitcoin works and actually think it through to conclusion.
Once again you show your delusional and nativity. I said "takeover attempt". So far you are the idiot that doesn't understand how for Bitcoin to work optimally all nodes must follow the same rules, therefore there are technical reasons not to hardfork it, unless there is unanimous consensus on all fields, it is a de-facto takeover attempt. |
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What is this Hardfork? Why is everyone afraid of it? Why do I hear people saying that we should sell out btc before fork?
What is this Hardfork?The hardfork is the segwit2x attack on the network Why is everyone afraid of it? This attack is one of the biggest ever on bitcoin with never seen before of actors involved. The USG is really pushing this one far with Coinbase, Xapo, Bitpay, Jeff Garzik from Bloq, everyone in the DCG and bribed miners left and right. Why do I hear people saying that we should sell out btc before fork?There's no real reason, just a self fulfilling prophecy. It may pump for all we know. If everything goes as expected, segwit2xcoin will die and will join the list of defeated hard fork attempts. |
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I don't think that "they" do. Regardless, that still doesn't make it an "attack", just an open source project.
Bitcoin is not just any other "open source project". It's strength relies on all nodes following the same consensus rules. Anyone is free to create their own node software as long as it doesn't go against the rules. If you want to change the rules you need massive consensus, something segwit2x obviously doesn't have. The conclusion is this is an attack, promoted by corporations. There are technical reasons to not hardfork Bitcoin around. These are all facts, which you may or not face.
Jihan
Jihan apparently sold his BTC and only accepts BCH payments for his hardware (nobody believes he is stupid enough to have sold his BTC). Roger Ver and co just want to create as much drama as possible in BTC now that the have high stakes on BCH, they are hoping people will think "oh, BTC fucked up, BCH is the only alternative now". |
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Why do you have to pretend that this is black and white?
Because it's an attack. They pretend that everyone using Coinbase is supporting this, when 99% of Coinbase users have no idea of what is going on. It's hypocrite and they use their clueless users as hostages to push their agenda. It's a new client which is forked from the Bitcoin Core client in which the consensus rules are changed to support a 2MB block size. When stating matters of opinion you should be tentative and justify your points with evidence. This provides nothing to argue against apart from pointing out what the fork will objectively be if it occurs. Everything is explained and justified in the article which you didn't read. And like I said, it is contentious, it brings nothing good but corporate triple letter agency friendly agents. None of the people involved in NYA care about a sovereign bitcoin. This is not opinion but fact. In that case, how did it get developed? Don't be dense. Figuratively speaking, nobody works on the thing, their github is dead, it's only Jeff and a couple other guys dicking around every once in a bluemoon. Their dev mailing list is amateur hour. No. So it's a good thing that SegWit2x doesn't involve that, otherwise I would be somewhat worried.
Then you should do some more research, and see what Bloq is. Also realize how Jeff Garzik is launching his own shitcoin. These guys don't put the money where their mouth is. Nobody wants to trade BTC for S2X, they don't trust their own project with their money, they are just hoping the bribing is enough to last for X hours to trick people into going their way. Not gonna happen. |
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https://medium.com/@WhalePanda/final-thoughts-before-the-2x-fork-70058b3d80d3WhalePanda is a great writer for newbies to get started in the matter of forks and game theory. Some may not agree with some things, but it's overall a good start. I think we can agree on most things being said there. No matter if you are a fan of Core or not, segwit2x is a corporate takeover and the reasons for it being so are explained in an easy-to-understand layman terms there. The conclusion:
This is just another attack against Bitcoin, it is a big one this time, but Bitcoin will come out stronger once again if it survives.
Whatever Jeff, Bobby or any others like to tell you: This is not an upgrade, this is an attack.
Prepare for very slow blocks and high fees, whatever that means for you. For me it doesn’t really change anything. I have some Bitcoin on exchanges to dump my 2X at a good price without having to wait for splitting tools for Trezor or something. But always keep in mind that keeping coins on exchanges is risky. You need to think about your personal risk/reward.
BTC1 doesn’t have any developers, Core’s cypherpunks just keep coding on. BTC1 is already a few versions behind and will keep falling further and further behind from a technological (and obviously decentralized) point of view.
High fees suck, everyone agrees on that, but always keep in mind that fees are calculated in BTC, not USD. The Bitcoin price went up x10 this last year. The good news is that there’s so much cool stuff being developed that will end up lowering the fees.
Try to avoid using companies that still support NYA. After this attack, there will be another one and another one,.. But we shouldn’t forget the bad actors involved with this one. So please educate the people around you and explain why they should avoid companies like Coinbase, Bitpay, Blockchain,… Full list.
Do you really want to give up your financial freedom and independence and put it in the hands of a couple of VC’s and CEO’s?
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So what do you make of this? The system is built as such so it is more efficient for the wealthy to avoid taxes. If taxation was reasonable then more wealthy would actually be paying it but right now it is in their best interest to invest in legally avoiding it as they would be paying out less this way.
On Bono and Madona though, I think that it'quite hypocritical coming from them. They were quite big in politics and it's very hypocritical for them to advocate for things they don't follow themselves.
We already knew this, at least I did. It is not surprising to me to find out about more celebrities and presidents hiding money, anyone that has been paying some attention knows the wealthy all have off-shore accounts. Apparently when you get rich, first thing you get is financial agents knocking on your door offering you awesome deals. "Trust us, we will keep your wealth safe and you will pay less taxes". Im sure a lot of celebs, specially football players, don't even know what they are doing, but presidents and people with high studies have no excuse. Im yet to see Soros being mentioned on the mainstream media, they only talk about celebs and some politicians. |
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I remember back then the Panama Papers, the leak was huge too, many involved with off shore accounts in Panama... but what did it really do? At the end of the day, it seems not many went to jail or paid anything back, the crimes already prescribed, so they were free to keep moving their money around. At the end of the day everyone on these lists are going to remain rich and free because they will pay whatever bullshit fees that they want to confront them with to try to save at media level.
The elite simply can't lose, they will always find a way to win while you remain at the bottom.
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