To decrease the fees, you have to send SegWit transactions. Basically you need to move your funds to a SegWit-compatible wallet with the new type of address.
The transactions that you send would then be smaller and have lower fees.
If most of the major wallets start using SegWit transactions over the next few weeks, you can expect the blockchain to become less congested, so legacy transactions would cost less as well.
In addition to that, I'm not sure whether you're actually going to see an increase in blocksize, as the witness data is not part of the "official" blocksize anymore. You should however see an increase in transactions per block, once the amount of SegWit transactions increases. |
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I think the message here is always this: Pay your taxes and things will be all right! As a citizen of the land, we have to make sure that we are declaring and paying the correct taxes because the government can get to so creative in making sure that we do. So there is now a way for IRS to track people who are not paying the tax for their Bitcoin income.
To me it also looks like yet another indicator of Bitcoin gaining legitimacy. No more flying under the radar, we're on public display now. It will be interesting to see what this will mean for currencies with built-in mixing properties such as XMR. At one point alts like these may reach a size where the IRS can't simply ignore them. |
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So what's the Church of Bitcoin's stance on hardforks? Is Bitcoin Cash heresy or just one of the many faces of Blockchain? What about alt coins? You are trying to say that you have formed just a plain organization that pushes through a tax-free society? And it has nothing to do with religion and God? So then, may i know why is it called church? Any way your objective is good but the organization named as church is somewhat irrelevant no? Church is a body of believers of God as i know it is or a building. Goodluck to you by the way.
Try telling that Scientology. |
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Ledger wasn't fully established yet and I already had read up a lot on Trezor. Simple as that  Apart from that I've been following SatoshiLabs closely and am very happy with the way they handle security issue reports and firmware updates. I own a trezor, a ledger nano S and a ledger HW.1. The biggest difference between them (IMHO) is the price  The trezor supports a little bit more wallets, the ledger supports a little bit more altcoins... I like the native wallet from the ledger a little bit more than the native wallet of the trezor, altough the fact that you can sync the labels of your native trezor wallet is defenatly a plus. It seems trezor is releasing new firmware more often than ledger (altough this can just be a gut feeling). Another difference is entering the pin code: - A ledger HW.1 will just let you enter the pincode with your numeric keypad - A ledger Nano S is a bit harder, since you need to use the two buttons on the side to form your pin (which can be a little bit timeconsuming with 8 number pincodes) - a trezor uses a random numeric keypad shown on its screen in combination with a blank keypad displayed on your screen... It is missing the '0' tough. I think it all boils down to which coins you want to manage using your hardware wallet... If it's just BTC, you can pick both... If it's BTC and a certain type of altcoin, you might need to buy either the ledger or the trezor. Also, the trezor ships from the Czech Republic (IIRC) ,the ledger ships from France, so it might save on the shipping time if you're close to one of these countries. Thanks for the writeup! Since I own a Trezor I always wondered what the other side looked like For what it's worth shipping time difference between France and the Czech Republc should be negligible (unless you live in either country of course). |
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It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?
The thing that will fuel the hypetrain next is BTC staying strongly above 4k USD. I guess a lot of people sold on the way down from 4.4k USD in the hopes of a drop and buying back in later. Should no major drop happen those people will try to beat each other to the hypetrain before it's leaving again. |
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If 1JVjXWnYfrko3uGSu8Js6aJYvSZFFTgshg is the address that Armory gave you and you also see this address on your desktop install of Armory, then I can confirm that the transaction is fine. The only other option I can think of is waiting for Armory / Bitcoin Core to finish syncing (assuming the desktop has enough HD space and RAM). Depending on your internet connection and hardware specs this could take a couple hours. What does Armory say anyways? Is it just showing the syncing progress but taking forever? Did it lose the connection and runs in offline mode? |
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Banks weren't behind that. They're not going to look to destroy bitcoin, but rather profit from it. And BCC is turning out to be a turd that no one wants anyway. Banks would have done a better job. If they were looking to kill btc, they would do it through lobbying for laws to outlaw it--that's how the banks roll. Not by starting a fork.
I'm not sure if banks would have done a better job, but I agree that they would have definitely done it differently. Also I'm pretty sure that banks are not out to destroy Bitcoin at all. Not the ones that matter anyways. If anything they will try to subvert crypto-currencies and remake them in their image. Case in point: https://www.jpmorgan.com/country/US/EN/Quorum |
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You can check the input / output script of any given transaction on blockchain explorers such as blockchain.info. That's all there is though, because Bitcoin transaction scripts don't need to get compiled in the traditional sense in the first place. |
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No offense madting12 but it looks like one of those projects that just dies after one pump of their tokens. Check the projects in coinmarketcap.com that are ranked 200 and below. Its like that.
Ok. But their white paper is very detailed and looks very good is all I'm sorry to say but their white paper is full of fluff. Detailed, yes, but very little substance. Most of it reads like someone had to hand in a paper but forgot to do the research, so they just write general information that, while technically not wrong, doesn't add any information. Their part about supporting game development is especially useless. AAA studios won't bite and indies are already decentralized. And good luck with getting an agreement with PSN, XBL or Steam. If you want to support indies, buy their games. If you want to invest in games, give fig.co a try, although I wouldn't recommend it. |
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Hey, I was reading through your FAQs and I found the following excerpt:
"Our goal is to make Bitcoin value independent of its blockchain history. Some governments and corporations wants to invalidate its value by claiming they are connected to something immoral like gambling. Every time you withdraw from ChipMixer, we give you cryptographically signed receipt that proves you have received those funds from us. Since the disconnection of history is proven, there can be no loss of value."
I understand how ending up with bitcoin from an address related to a an address linked back to illegal or immoral activity could make you seem suspicious of something and how the receipt can claim the money is sourced from a mixer. However, couldn't this also be used the other way around to say that the money was gotten from a mixer and therefore it was originally from an illegal activity/money laundering. Of course, this is a backwards way of thinking and completely wrong, but just an example of times in which forces such as the government are looking for reasons to steal the money and this might not fully help. It is always good to have the option, however.
Better to look suspicious than to look guilty of a crime you didn't commit. In general innocent-until-proven-guilty still has to apply, everything else is just conjecture. Question being of course whether they will make mixing itself illegal in a given legislature (ie. defining the usage of a mixer as money laundering). |
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Assuming that Armory isn't syncing, you could try importing your private key from Armory to Electrum. To do this, first download and install Electrum: https://electrum.org/And then follow the instructions of the second reply to this StackExchange post: https://bitcoin.stackexchange.com/questions/24393/how-to-import-entire-armory-wallet-into-electrumIn Armory
1. Select 'Backup This Wallet'
2. Select 'Export Key List'
3. The important string is the PrivBase58 for every bitcoin address. It is the private key of this address encoded in base58 (encoded not encrypted), which is the (only?) format Electrum accepts when importing.
In Electrum
1. Select File → New Wallet
2. Enter the private keys you took from armory into the textbox Make sure that you keep a backup of your Armory wallet either way. Also keep in mind that this exposes your private key to your operating system. |
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Just because LN isn't distributed doesn't mean that it's centralized. Putting the word decentralized under air quotes doesn't change any of that. A decentralized network by its very definition consists of a network of hubs.
Semantics aside, there's a couple of implicit (and explicit) assumptions in Fyookball's argument that in my opinion are rather contentious:
1) The necessity of a fully distributed network to allow for permissionless transactions.
2) That too few people would be able to hold enough coins in reserve to act as a LN hub.
3) That you won't be able to do on-chain transactions to sidestep LN.
4) That LN hubs are implemented with a naive algorithm that doesn't try to actively counteract balance depletion.
5) That on-chain security would suffer due to most transactions happening on a second protocol layer.
6) That throwing math at a problem automatically makes you correct even though your underlying assumptions may be on shaky grounds.
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Poloniex and bitfinex have a larger trading volume than bittrex but both of them are risky to use right now.
I am using bittrex for both long and short term trading, trading volume they have is quite enough for me. Actually how much you are willing to day trade?
Small amount. Prob 250-500. What are the risk with both of them? A lot of users have reported problems withdrawing alts from Poloniex with slow response times by their support. Bitfinex got debanked earlier this year so the status of their solvency is unclear. |
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Hello everybody, im new to this world but all in on it. Basicly watching youtube all day and just loving the concept. Which i was never aware of since i thought Bitcoin was just a virtual coin given out by a company which is why i thought that would never ever come trough. Knowing the technology now (good enough for me, but still not enough though i think ive gotten the right picture on how it kinda works) made me turn around 180.
That being said. Im goodhearted and trusting by nature but i now realised there are people that set up pump and dumps. Just to vent my view on it. When u are involved in such thing know that ur basicly a criminal. And no u dont have to break the law to be one. Sometimes u break the law but still are, at least in my eyes, not a criminal like smoking pot or something like that.
I think crypto is the future. If people stay away from pump and dumps true value coins could be recognised much easier and safer.
If you are believing in crypto u need to stay away from pump and dump. Cause otherwise ur hurting the industry of cryptocurrency and are basicly raping it.
*slow clap* I hope you didn't learn that the hard way, or if you did, that you at least took a lesson from it. 99% of the alt coin and token market is just noise, buzzwords and bullshit. Don't listen to what other people try to push on you, do your homework and try to form your own opinion. In the long run cryptocurrencies with strong fundamentals will prevail, regardless of whether they get pumped or dumped right now. That being said, welcome to crypto, where getting scammed or being lured into the hot pump and dump of the day is basically a rite of passage. It's how we say "hello". |
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If I understand it correctly, Bittrex waits for one confirmation before they display your pending transaction, so it's about the Bitcoin network (or arguably about the fees you pay) rather than Bittrex.
Can confirm. Also the mempool has been bursting with unconfirmed transactions lately, so unless you pay quite a fee your transaction may take hours to get included in the next block. If you want to daytrade or react quickly on market moves it may make sense to keep a surplus of Bitcoin on Bittrex (although storing coins on exchanges is in general not a good idea). That being said, what exchange/s do you trade on?
I've been using Poloniex a lot and so far I luckily never had any trouble, but there have been a lot of complains by other people, so be wary. Cryptopia seems to have an even wider array of alts than Bittrex, but they are rather small and I'm not quite sure what to make of them. Kraken is slow as fuck and doesn't carry many alts, but apart from that they're pretty legit and may make sense for fiat trading (during the rare instances where the exchange is actually usable). |
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Nice writeup, thanks for taking the time to independently analyze SatoshiLabs' bugfix It's especially interesting to see how fairly straightforward the fix is. I absolutely agree that open source code and hardware is absolutely necessary to provide a trustworthy hardware wallet. Knowing that there are a lot of talented people out there hacking away makes me definitely feel much safer about Trezor. Especially with SatoshiLabs' fast response time. I remember the side-channel attack that got discovered and fixed some time ago in the early days of Trezor [1]. I doubt it would have been found so quickly if Trezor wouldn't be as tinker-friendly as it is. It would have been found eventually, but probably by less well-meaning people. [1] https://jochen-hoenicke.de/trezor-power-analysis/ |
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Yes , i'm new at this , but i have more than 15 years of experience in the financial market, the Crypto will be just 5% of my portfolio...
From where i should start ?
How i can actually invest in those cryptos ?
I'm not sure if 15 years of experience in the financial market will help you all that much in the unregulated clusterfuck that is crypto. The normal rules don't apply I'm afraid. Things to read up upon, apart from how Bitcoin and other crypto-currencies work of course: 1) Which exchanges are reputable (Kraken, Bitstamp, Coinbase come to mind) 2) How to keep your coins safe (cold storage: paper wallets, hardware wallets such as Trezor or Ledger) In addition, keep in mind the following: 3) DO NOT keep your coins on exchanges for safe keeping 4) DO NOT blindly trust people trying to push alt coins such as Ethereum oder Ripple on you. Do your homework and come to your own conclusion. |
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Apart from Perfect Money these are some of the options if you are looking for non-reversible payment methods when dealing with bitcoin.
1. Bank wire.
2. SEPA transfer.
Depending on the banks involved I think bank wire and/or SEPA transfers may actually be reversable. At least I've heard anecdotes of people's bank account going negative after they've withdrawn the agreed upon payment, due to the bank transfer being reversed. There is a crypto-currency called tether. Tether is always worth exactly $1 and uses the blockchain technology similar to other crypto-currencies. Its becoming more and more popular in the last few months. https://tether.to/Be careful when using tether. These are basically USD IOUs that are not necessarily 100% backed by its face value. Use them for transactions but try to avoid holding significant amounts of tether at any given time, lest we see the joys of fractional reserves in crypto. |
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Create the world's most useless rainbow table? Crack passwords of whatever website still uses Sha256 to hash their passwords, and in an oddly specific turn of events uses double round at that? (disclaimer: I'm not sure if Bitcoin ASICs actually do double rounds on the hardware level, maybe you could use it for other obsolete insecure databases as well).
See they don't even do that. They don't complete the double sha and don't return the hash at the end, only nonces that meet targets. So they really are useless. If you did a bit of coding could you get it to return the hash? Or do any other applications operate in a similar way to Bitcoin mining? I feel that they should be able to computer at least something else. If those chips don't return the hash, then code won't help you, because the logic is already set in stone silicon. If they only return nonces, than that's all they'll ever do. |
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Bitcoin has a fixed amount of coins that can come into circulation and therefore is deflationary in nature.
Economic reasoning has it that both inflation and deflation are bad.
[ ... ]
The above clearly defines that the current reasoning within bitcoin will fail in the end.
Doesn't bitcoin need some sort of correction system by which its supply is a fonction of the economic activity, but no more than that so that there is no inflation and no deflation, but producers have a reason to increase efficiency ?
Bitcoin doesn't need to fully replace fiat currencies to succeed. In fact I would even argue that fiat currencies are necessary to function as Bitcoin's correction system. Even in a world where Bitcoin has taken over most of our monetary system, there will always be an equilibrium of people holding Bitcoin for future gains and of people selling Bitcoin for immediate needs, with fiat currencies serving as an intermediary. |
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