I just checked and found that i have less than 1$ in BFX token, i thought i haven't any bitcoin there but may be few satoshi were there during hack so i get those <1$ in BFX token. Hope they will settle and payback all who losses over time.
What's the new token's name? Is it called BFX Omni? There's a reddit thread discussing it and one person calls the tokens that but I can't find any official Bitfinex information about them. They could have thought up a better name than that. |
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I would value bitfinex the company anywhere from 198,000BTC ($117,728,820) up to 1,190,000BTC ($707,562,100)
so IMO a fair deal would be that all these BFX tokens put together represents shares equal to 10-60% of bitfinex inc.
very rough numbers.
Is the name of the new token BFX Omni? There's a reddit thread discussing the new setup and one post calls the tokens BFX Omni. I can't find anything else about them yet, but I only skimmed through most of the Bitfinex announcements and could have missed details about the tokens. https://www.reddit.com/r/Bitcoin/comments/4wnfj6/bitfinex_is_back_up_functionality_disabled/ |
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Bitcoin tumbling is good for people who have high risk of going to jail if they are caught using it. Very few countries in the world can put you to jail for using bitcoins at the moment. Keep always a desktop wallet like Multibit Classic in which you can create a new address every time you do a transaction if you like. Also Multibit HD has this feature built in. You can use a VPN and go to bitmixer.io to mix your coins. There's no such thing as 100% anonymity but thats the best thing close to that. If this is the case and your government is hostile towards bitcoin you should stay away from online web wallets like blockchain.info or Coinbase, especially Coinbase. Just remember that the owner of kickass torrents was busted because he was not very smart and he was using a coinbase account with his personal details which added to clues to put him in jail.
If you deposit tumbled Bitcoins at Coinbase it might ask you to prove where they came from at any time. What happens if you tell the truth and say they were tumbled? Coinbase would probably refuse to return them and cite some clause in its terms and conditions that tumbling breaks. |
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From this article they have lowered the maximum amount from 250 euro to 150 euro but as far as i know most bitcoin debit cards have higher limits for those that want to pay/spend the bitcoins anonymously. Bitcoin in that article was mentioned only once and I think it is affected indirectly. The bit-x debit card abided by EU law and allowed you to withdraw up to 250 euros anonymously without any verification. If you gave increasing amounts of KYC details you got increasing withdrawal limits.  If the new EU rules are put into EU law the anonymous card's withdrawal limit will go down to 150 euros, but you could buy more than one card and withdraw 150 euros from each card . |
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Bitcoin is safe in the way that your account can't be frozen by the goverments or someone else.
The price still varies but will ripple out in the future , Yet it depents where you live and/or the local currenties in use if it usefull to use bitcoins as safe asset.
I consider it as safe as gold, and people usually buy gold as a safe asset. You can keep both assets out of the bank, and although Bitcoin's price fluctuates so does gold's price. Any definition of "safe asset" must be applicable to gold, and if it's applicable to gold it's applicable to Bitcoin. |
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That's only the effects of the Brexit news breaking. When the Brexit process starts in September it should start a larger volume of Bitcoin trading. After a framework for what's to happen post-Brexit starts getting laid down it will make the traders seek out the safest haven, and that's Bitcoin. |
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It's gold, but better.
1. It's a commodity, like gold.
2. All bitcoin transactions are public, but you don't know who participated in It.
3. The supply of bitcoin is slowly slowing down, like gold.
4. It's much more portable and easier to accept than gold.
There are numerous grandmas and grandpas who trade in gold, or stocks and shares. Even more hoard gold for a rainy day, or in the hope the price rises. Explaining Bitcoin's comparability to gold to that section of the grandma/grandpa community would be a good way of explaining the monetary value side to Bitcoin. |
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4 pages of solid bullish cheering and no reminder that: it is threads like this one, that hint the top is near . bears, srsly, how could this slip through? are you awake?  The halving is almost here so being bearish doesn't make sense, I don't think the top is near. It's not likely to crash much anywhere near the halving. There will be ups and downs, but more ups than downs. I predict $650 for the first of July. |
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^^ I especially love "However, the malicious external party involved in this breach, managed to alter our system so that ETH and BTC deposit transfers by-passed the multi-sig cold storage and went directly to the hot wallet" Sounds legit  It seems these things are often partially or wholly inside jobs. That Gatecoin crap about by-passing the multi-sig cold storage sounds very similar to the Karpeles crap about a leak in the Gox cold wallet. I expected a giant dump when the news got out, but the Bitcoin market seems unfazed. Maybe it's because bulk of what was stolen was ETH. |
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Ssshhh!
Sit down, shut the fuck up!
Haha, oh please. You have a black swan event that wasn't even on the charts occur for a $10 price drop, but like your own admission, it was just the market over-reacting because this changes nothing when we already knew some guy named Satoshi may or may not have control of a big stash of coins. Nothing much has changed in that regard. If he is Satoshi, he claimed in the video of having no intention of dumping any coins, so that's positive. He also said the Australian tax office doesn't understand bitcoin, and it's in an ongoing dispute with him about unpaid tax. How many times have I read posts here by people saying they didn't want to sell, but were forced to because they needed the money to pay bills with? If he's legit (and it's a big if) I can picture him saying he had no intention of dumping, but needed the money to settle his dispute with. But even if he decide to sell cause he need money to pat taxes, he will not sell all stash at once probably. I don't even know can he sall that amount so easily.. And all that in my opinion is a good thing, he will sell someone will buy and invest, hold... coins will be somewhere around. They will not disappear. If he's legit (and it's a big if), and he needs money to settle his tax dispute he could have told us he has no intention of dumping to keep the price high. The last thing he would want is the price crashing right before he has to dump. I doubt he could sell all Satoshi's stash all at once (if its his), but the Australian tax office wants a lot of money off him. |
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Ssshhh!
Sit down, shut the fuck up!
Haha, oh please. You have a black swan event that wasn't even on the charts occur for a $10 price drop, but like your own admission, it was just the market over-reacting because this changes nothing when we already knew some guy named Satoshi may or may not have control of a big stash of coins. Nothing much has changed in that regard. If he is Satoshi, he claimed in the video of having no intention of dumping any coins, so that's positive. He also said the Australian tax office doesn't understand bitcoin, and it's in an ongoing dispute with him about unpaid tax. How many times have I read posts here by people saying they didn't want to sell, but were forced to because they needed the money to pay bills with? If he's legit (and it's a big if) I can picture him saying he had no intention of dumping, but needed the money to settle his dispute with. |
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"People forget that this is all well within technical movement. We were looking for $430 or $435 before any of this craig wright shit happened. Just like the hearn announcment, prices are simply random and bouncing around technical constraints with fundamental targets. Our puny reptile brains are trying to find patterns, and are applying correlated (but not causative) explicit events to try to explain price. In reality, our brains look for distinct events (like whales acting in the market, or events causing moves), but in reality thousands of decentralized actions just reach an equilibrium. None of this shit matters." https://www.reddit.com/r/BitcoinMarkets/comments/4hlke2/daily_discussion_tuesday_may_03_2016/d2r4uiyWe might have gone down to $435 anyway, but the craig wright shit might have hastened that drop. There is some technical name the chart guys use for the effect events can have on the price. At the minimum they can speed up the pumps and dumps that would eventually happen whatever. That's a good thing if it saves us months of boring sideways flatline prices. |
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I'm not worried. The poll conclusively shows we're gonna be over $480 in a few days, and it hasn't been wrong yet. I can afford to wait  The option with the least amount of votes is usually the one that's correct. If it plays out like that again we can expect the $440 option with only 2 votes and 1.4% of the total votes to be the price on May day. |
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this makes you wonder how mistakes like this happen...
what client were they using?
dosnt core warn you if you try and send a fee that is 100,000times higher then the amount you are sending?
you'd think most wallets have implemented some common sense checks before sending.
It usually happens because someone who doesn't understand how change transactions work in bitcoin tries to spend a portion of the funds in a paper or brain wallet. If you send funds from a paper or brain wallet, you need to make sure to send ALL of it at once to your wallet, then spend a portion from that. When you spend bitcoins, the amount you spend comes out of chunks you have received (inputs), and usually, there will be at least two outputs - one is the spend, and the other is the change, which is sent back to an address you own. If you create a transaction that spends from one or more inputs without spending ALL of the funds contained in those inputs, and you don't provide an output to a change address you own, any funds in the inputs that exceeds the spend will become transaction fees paid to the miner that mines the block containing the transaction. All software and hardware wallets, as far as I know, handle that stuff for you, and yes, Core, at least, will warn you if you try to send with an excessive manual fee. An article on coindesk says it's suspected the transaction was from a mixing service, so either the service itself might have made the mistake, or one of its users might have made it. Ironically the pool that mined it says it will give the fee back if the transaction sender can identify himself. That's not likely if the transaction was from a mixing service. If a mixing service lets users make fee size mistakes like that its crap. They should have a check in place to ensure it's not ridiculously big. http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/ |
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469, here we go.
The growing speed is just perfect.
The bitstamp price has gone above December's high again. It's great to see higher highs rather than those depressing progressively lower highs since December. If 500 gets broken the sky's the limit. |
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Are you sure you're looking at actual USD exchanges as opposed to alt exchanges using USD as a measurement?
I'm verified on there but there's no way I'll ever use them again because of their bullshit nosiness. There are also properly regulated alternatives in certain jurisdictions and people do love a bit of margin. They really need to up their game.
No, I checked their rank on the coinmarketcap page for Bitcoin volume, but it converts all currencies to USD to facilitate comparisons. Bitstamp moved down to 15th place since I posted the OP, but that includes GBP, EUR, JPY, and an HKD market. Without those markets Bitstamp's down to 8th place from number one.  |
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Another post from someone who has used bitcoin forever,
but doesn't even know the most basic parts of the system.
I'll bet this person paid little to no fee.
There have been five blocks found since the OP created this thread.
If he isn't in a block yet, then there is no fee attached.
I said in the original post that I give a fee, so yes, I do know that you have to use fees for miners to bother with your transaction, don't jump to conclusions!  What kind of fees are you using?
Personally, I haven't had any troubles getting my transactions confirmed in the first block after my transaction with the regular recommended fee of 10k satoshi. Are you sure it takes multiple blocks and it is not just the time it takes to find a block that is longer by chance?
If you are using sufficient fees there should be no reason for your transactions to take a long time to get included.
I also use a 10K Satoshi fee. Are you willing provide the Tx ID of the transaction, so that we may see why you are having a delay? It is possible you paid an appropriate fee, but the total size of your tx was much larger, thus needing a larger fee. What was the data size of your tx? No problem. https://blockchain.info/tx-index/04f86b00ab6496957e35cb4b23e4bfd728954c2786b2f228069d3262d88e413cMaybe the transaction time issues are on my end and not on Bitcoin, but I honestly don't see any problems. Once my transactions get 1 confirmation, they start gaining more very quickly. Transaction times are not ridiculous, they're instant. How are they marked high priority? Did you calculate priority yourself?
As for dice sites, most required X confirmations before crediting.
No. Blockchain.info regards them as high priority. The dice site I was using requires 1 confirmation, and even in the client (as well as blockchain.info) I was still seeing 0 confirmations. Blockchain.info seems to be quite inexact calculating priorities, so no reason to really take their word...  You're probably right haha  There have been six blocks within approximately the last half hour, but they were all close to full. When they are that close to full you have to pay higher fees to get your transaction included in a block, or wait until there is more room in the blocks. This screenshot shows the last six blocks were found within 33 minutes.  |
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I was shocked when I noticed Bitstamp has sunk down to 14th place for USD volume. It used to be the top exchange. Why has it sunk so far down in the volume traded through it? I know it was hacked a year ago but I don't think I ever saw it have such low volume as now.
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Oh yeah, we still have that concentrated mining problem. Fuck.
I think this could just be a temporary problem depending on what happens with new hardware like bitfuy's mining lightbulbs, the 21inc machines ... I guess when every screw-in light bulb in US is replaced with Bitfury's "Remember to NOT shut off your lights" bulbs... Yeah, mining lightbulbs are a colossally stupid idea, but Bitfury makes really efficient chips and it's their mines outside the U.S. AND China that could make Bitcoin truly censorship resistant. But if electricity costs are lower in China, wouldn't it make sense to mine with more efficient chips there? Do we all have to sit in the dark then?  Yes if you factor in the cost of connecting all your light bulbs to phone lines. Wouldn't the price of installing all the lines plus all the work re-plastering and redecorating be prohibitive? It's messy and expensive moving one telephone socket from one side of the room to the other. Wiring every light bulb to a telephone line would be a nightmare. |
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Princeton University is offering Bitcoin courses through coursera. There are other universities beginning to offer Bitcoin courses too. https://www.coursera.org/course/bitcointechAfter this course, you’ll know everything you need to be able to separate fact from fiction when reading claims about Bitcoin and other cryptocurrencies. You’ll have the conceptual foundations you need to engineer secure software that interacts with the Bitcoin network. And you’ll be able to integrate ideas from Bitcoin in your own projects. If you feel a university course is over the top there are books like Mastering Bitcoin Unlocking Digital-Cryptocurrencies that you could study. Also you will find a wealth of information on bitcointalk if you search through the different forum boards. |
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