I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
Well, lets get the definition of an asset correct. The definition of an asset is: An item that has a value that is defined by a company and can be used to pay debts, meet commitments etc. Now, onto the news that you heard about how bitcoin doesn't meet the characteristics it is to become a currency that can meet our needs, and that is true since bitcoin is yet to become mainstream, there right now is too many problems with bitcoin and we need more media attention for bitcoin to become a currency that can be used in real life and online. |
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Ok I have to admit I find it VERY CLEVER this chip system of yours.
The mixer in itself if classic. Of course the full control mix is cool but not soooo innovative.
But the chip system means that the payment in itself is completely anonymous and doesn't depends only on the amount to be mixed.
Anyway next time I have a btc to mix I know how I will do it ^^
The good point is of course the cost of the operation which isn't really high as it's of goodwill xD
but the system might be a bit.... Complicated. Let's see how people manage to use it ^^
It isn't all that complicated to be completely honest. Mixing your coins provides a level of security and makes it so you harder to track and hack. I would definitely recommend just trying them out since it does actually help you and it isn't actually that hard to understand, it is just you depositing coins, they mixing it and you receive your coins back. Well even thought it was only 1 and half month old,chipmixer already attracted a lot of people.and based on their services and promotion,they have a good future if they dont do anything wrong.and also ,some of them have a problem during mixing likely because their ip have a evil spot,or problem with their ip.i dont know but sometimes i have a problem too (or malicious software/virus?)
Yeah, the thing about this mixer that is different and unique are chips, and I find that a very interesting way to mix your Bitcoins, plus you can even 'bet' in ChipMixer where you double your chips (E.g. 0.512 BTC chip --> 1.024 BTC chip) and repeat it again, so it has a gambling element in it that makes it interesting. The best part is that no fees are charged, which I still do not get. Don't you have to pay transaction fees at the very least, but yet no fees are charged? I know people can choose to donate, but how much I am not sure how much. Yeah I am not much of a gambler myself but i really like how chipmixer is trying to expand into other industries and make their mixing service unique, it is very creative and I definitely am a fan of that. |
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According to the website https://coin.dance/stats males make up 97% of the Bitcoin community. Why is the Bitcoin community dominated by guys? Pretty sure that the results to that are completely accurate, what would be the sample size of the survey that coin dance, I am guessing not very high, and that could possibly lead to some inaccurate results. 97 percent sounds way too much though, I think we see more than 3 in 100 people are females that are early investors. Probably because most of the men think they have to work to make money. So they choose to work. While their women prefer to take care of the household rather than work.
Yeah not sure about that, you are living in the 1950s, that is a bit sexist. Right now woman are equally as dominant as men in business and every job in the world. [quote author=talkbitcoin link=topic=2016389.msg20086173#msg20086173 date=1499854528] since coin.dance doesn't explain anything about how they have gotten this stats, like saying what was their study group, what was the method, how many is the total of that group (since it is just percentages), ... i am going to say this is completely inaccurate. it just says google analytics. which i believe means they used search terms. in other words how many male search for bitcoin keyword! that is not really a reliable stat in my opinion by the way this is the direct link: https://coin.dance/stats/gender[/quote] Good example, just because men search bitcoin more, it doesn't mean they know more or dominate the industry, the stats are also very unreliable, especially google analytics. |
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Hey Bitcoiners? I'm desperate to start earning BTC
I'll do any kind of online activity as long as there's a Bitcoin payment. Where do I start?
Heaps of ways, and thats just on this forum, you can start making good quality posts and enrolling into signature campaigns that have an average payout of 0.02. If you don't want to wait, you could try and just buy a bitcointalk account and start posting on that account. There are also ways to make money on this forum and they include, trying to become and established writer on this site, and then selling your services to people who require articles to be written |
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We know what will happen with the said date but are you willing to take a risk to hold your Bitcoins or maybe some Altcoins. We are in the 'Red days' for how many weeks now and I think it is because of too many people is scared in what will be the results of Segwit on August 1.
Some of my thoughts in how most of us think.
*I will sell my Bitcoins first then buyback after august 1*
*I will sell my Altcoins because it is nowhere to going up anymore*
Well, I am not really scared of August the first, since I have all my bitcoin on a hardware wallet and I have all my private keys, which means that when the hard fork comes, I will have full control of my bitcoin, unlike online wallets. Segwit should solve a lot of problems that are related to transaction fees, and should make bitcoin better and smoother to use. Some people I know are selling bitcoin right now, and then re buying after August the first, just in case of what happens, but I don't think this is a good idea, due to how low bitcoin has dropped now, the price right now is just above 2k and this seems to be pre segwit panic. |
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hi all.,
i am not a day trader , so i dont know much about these terms.,
there was trollbox on polo where people used to say pump and dump specific coins. but trollbox is gone now.,
from basic understanding dump means DROP,
does the PUMP means buy ?
Pumping or a pump, in the market usually means, a surge in a price of a certain coin, and dump is the opposite of that, so when a certain coin starts to lose its value, that is called a dump. For most coins, they go through this. Also in traditional markets, pumping and dumping is considered illegal while in the cryptocurrency world it isn't. In normal markets, it is regarded as an illegal scheme which boosts the company's stock price by false and misleading advertising, then the owners of the shares, sell their shares for a higher price than expected. |
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Hello everyone
I just started with Kraken and have a few questions.
I have bought some XBT at a price of $2000 usd before and it is dropping quite a bit today (11 june)
My question is..
1) Lets say the $2000 has dropped to $1000 and i foresee that it will drop even more.
Wouldn't it be wise to tell all XBT now and wait until it is actually at its lowest (to my point of view) and then buy in XBT again with $1000?
2) When people say they are holding onto their XBT regardless of the price, does it mean that they are just letting it ride and hope it just picks up later?
So for example, someone bought it at $2000 and they just let it sit there even if the price goes to $1000 or $0.01 cents (i know this won't happen but it's an example:) )
Thank you
The answers to your questions 1. Well sure, if you are certain that XBT will drop even lower, I would totally sell it at 1000 and wait until say it drops even lower to say 800 and repurchase it again and then make profit. But the thing about this, is that it is hard to foresee right now, especially with cryptocurrencies growing strong, looking like it won't stop. There was also a strategy used by people who, when bitcoin would drop, they would also sell to keep adding to the drop and then would rebuy the bitcoin for a cheaper price, thus profiting. 2. I am one of the people who constantly just holds a portion of their bitcoin and just rides on the profits, so yeah your definition is pretty accurate. |
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@ChipMixer: What do you do if someone claims you have stolen Bitcoin from private key you have given. If it is a small amount, it may not have much impact because of the trust you have. But, what happens if it is a large amount? I hope you have already thought about it and have come up with a solution or is working on one! Good luck! By the way, I have sent you a PM! Please reply! Thanks!
Good question. Funds from cannot be stolen, unless you know private key. ChipMixer knows the key, you as a customer knows it and nobody else. Let's assume there was a hacker who somehow got the private key too. How he got it? Method 1. Eavesdropping Customer visited http website? No, it redirects to https and you cannot start mixing with http. Customer visited https and it was eavesdropped? No, https is encrypted, so private key will also be encrypted. Customer visited .onion website? It is encrypted, so private key is also encrypted. Customer visited MITM or forged copycat of ChipMixer? Attacker serves his address and does not give you any chips. Why risk that you will sweep them immediately? Method 2. Hacking the server Destroying the session deletes chip private key. In this case attacker would sweep hot wallet and active sessions. If for some reason you do not want to sweep everything instantly, there is no reason to sweep single private key of active session. This would only hurt ChipMixer reputation and that decreases your change for large loot. This shows that single private key cannot be evesdropped, and hacking the server would result with much bigger mess. Another group - ChipMixer. Stealing single chip hurts reputation. It is not worth to be little dishonest, when you pay much more for ads and sig campaigns. Last group - Customer. Let's say you sweeped 1.024 BTC chip. You can write a post that somebody else sweeped it and you demand a refund. If you don't get a refund, you've lost nothing. If you get a refund, you've earned 1.024 BTC and nothing stops you from posting more complaints. Which is why ChipMixer will not refund. The no refund policy is a good decision because otherwise setting a precedent will make you the target of wannabe scammers. Another reason why if you are paranoid about this, just sweep the chips as soon as you get them. This is probably the safest way that you can go about it. Really, there is no need to panic. Just because your private key is exposed doesn't mean that chipmixer is any less secure than say, blockchain.info. If someone hacked into your computer then your blockchain.info account would be compromised as well, it's not just chipmixer. in teh end it comes down to whether you trust Chipmixer or not, and whether your computer is secure or not. If there are two yeses for these questions then you shouldn't have any sort of problem with hacks when using chipmixer honestly. |
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How is this even news now? I remember it has basically been like this since the end of April, loll. Anyways, it's all psychology. Bitcoin is still a long way behind in terms of trust in the currency and stability. As we all know bitcoin market capitalization is many times smaller than gold's, and there are definitely a lot more people using gold as a store of value than there are people using bitcoin for the same purpose. So instead of comparing prices of each bitcoin and each ounce of gold, we as a community should focus on getting more people to adopt bitcoin and get to know what it is instead. Price rises are good for investors but don't benefit regular users that much. |
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Hi everyone,
i got a question.
At the moment i store my Bitcoins on Paper Wallets. But now August 1st is coming, should i put the coins on a wallet on my pc?
I am asking because if the Blockchain splits i guess my coins (if on a wallet on pc) go to both chains.
But what will happen to my coins on the paper wallet?
Thanks in advance
1st August isn't the set date for a chain split to happen. What will happen on that day though is the UASF, which won't result in a chain split but may or may not indirectly contribute to activation of hard forks. As long as you have the private key of the bitcoin wallet you store coins on then you're fine. If you have your coin on an exchange then i suggest you send these coins into either a hardware or paper wallet. Blockchain.info would work fine too although they may only support one chain after the potential chain split meaning atht you'd have to import your private key elsewhere to gain access to the other coins. |
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I'm starting to see a lot of threads regarding pump and dump groups in the forums with some links to the Telegram groups associated with them. With all honesty, what do you think about these groups and do you support them?
Should move this to service/trading discussion imo, it's not really appropriate to put it in bitcoin discussion. Anyways, pump and dump groups are extremely shady. The most popular one seems to be pumpmycoin, i believe. Their business model is to take in money from people wanting to become a member, and they give a list of coins that they probably already have held beforehand. People vote on the list, and the most popular one wins. Doesn't matter which one because they've got every single coin on the list already. They promise that they would pump the coin, but if you think about it logically YOU the investor is the one actually pumping, because you're buying in and naturally that drives price up. So they're taking your membership money + making money off selling their already accumulated coins from the money their members invest. It's all a part of a very elaborate confidence trick. See this youtube video, it explains everything in more detail: https://www.youtube.com/watch?v=2T-I9zZT8U8 |
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hello..Please your opinion.
As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?
Actually a lot of rich people just choose to ignore bitcoin because they see it as either just a pump and dump ponzi scheme or a threat to their existing business. So bitcoiners are largely still just average Joes in their 20s or 30s, renting out homes. By no means the upper class. I think that bitcoin is a lot more accessible than traditional banking services, so it is in fact targeted to bring everyone a way to access financial services without going through one of the centralised banking systems.
Do you think 3% is a good ratio for a country? I think it's a good rate for a country. Because in my country, it only accounts for 0.005%
I dont know that rate shows people who just knowing what bitcoin is but dont have any of it. Or people who know and have it, maybe in my country have account below your country rate. Where do you live? 3% is a lot. It would mean that 10 million of the US approximately uses bitcoin, which i can only dream of at the moment  |
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(hypothetically) When I die I'd like my children to have all my bitcoins. So I was thinking of writing a will to give each of them equal amount but to make it more fun I'd hide the keys from my wallet and make it a quest.
Geez, you're already giving me ideas though i'm still young and dont have kids:P It would be definitely interesting to do that, instead of just giving lump sum payments to them and making them lazy fatasses. I mean to access the bitcoins they'd have to eearn it with their intelligence. If i have multilpe kids then i guess this is a good way to cut the BS, winner takes all because they're smarter than you. I'm thinking of some sort of puzzle where one clue leads to another and in the end average people just end up giving up. If they do find it though, then they'll definitely hold in their hands or should i say PC the best global currency that has yet been created by man, and it'll positively impact their future for sure. |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
Bitcoin is volatile, yes. BUt it doesn't mean that it can't be widely adopted whilst being volatile as it is right now. Controlling bitcoin volatility would be easy, just create some sort of central bank for bitcoin, and it'll do the same job that governments are doing right now. But that would go against everything that bitcoin is for. What's needed is more people accepting bitcoin, for what it is, instead of converting it back to fiat. Because by then bitcoin would be backed by real goods and services, if people offer stuff for bitcoin, and the price of the stuff they're offering doesn't change through volatile times, then bitcoin will naturally become stable. |
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Between company x announcing to accept Bitcoin and actual usage is still a world of difference. Point of sale usage of Bitcoin has been sobering so far, at least anecdotally. But who knows, if Bitcoin "clicks" with Japanese culture they may just very well improve on the point of sale process.
Agreed. I don't think that this legalization has as much effect on bitcoin and actual users of bitcoin as people think it to have. Honestly you're probably going to encouraged but probably not pushed over the edge to accept bitcoin as a merchant by the law. But from a speculator's point of view, 8% tax is a whole lot, it means that now japanese buyers are able to have 8% more buying power than they had previously. This is obviously great news. Price of each bitcoin has risen a little, but not that much. But i think the activation of this law has brought bitcoin out of a almost week long bearish trend back into green. |
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Hello, You clearly realised that , we are experiencing a dump. I think it will continue , I would like you though on the lowest bitcoin price in order to buy it. Share you thougts  I really don't think it will continue. First of all, if there was going to be a dump before the UASF day then it would have happened long ago. It's not like people didn't know about when the UASF was until now, so i think that a lot of traders actually responded quite positively and think the price will go up after the fork, which is logical as scaling issues are somewhat resolved. The bearish trend seems to be over atm as well, everything is moderately climbing upwards again. If it does ever get below $2000 again though that would be the perfect time to buy in, fork or not. So save a bit of buying power in USD just in case it happens. |
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Anyone having the same issue of having awaiting approval for their poloniex account? I've sent 3 support tickets and they told me it will be done shortly but it still hasn't been solved yet. help?
Yeah, i'd estimate that there is at least 100 people waiting for their account to be upgraded to tier 2. No surprises there, they tell everyone that everything is going to be done shortly. They removed their trollbox like 4 weeks ago, and promised to have the moderators be support staff. But still, there is absolutely no response for the majority of people contacting support. To meet the increasing demands on support staff, the Trollbox has been disabled indefinitely and moderators have been reallocated to assist in support. Can you not withdraw at the moment? If yes, just get as much out as possible, and just leave. Don't come back. |
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I think you should buy localbitcoins account or paxful account because you can't buy bitcoin with new account
Local bitcoins seems ideal to me because you can remain anonymous and even meet in person if you agree and have your bitcoins transferred without any form of identification. How simple, so I will recommend that any day. If OP doesn't want to reveal his ID documents to anyone then i really doubt that it is likely he wants to be meeting someone in person either. Localbitcoins is a good place to go to if you just want a clean, safe and convenient deal with someone, but in my opinion choosing the right payment method is just as important as choosing the right exchange. for example if you use paypal, then your identity is out there. Same thing with bank transfers and credit cards, even if you're trading on localbitcoins. So stick to cash deposits, cash in mail, etc. if you want to remain 100% anonymous. Runners up for anonymous exchange would be paxful, a lot more gift card traders there but you'll get worse off rates overall for the convenience. But paxful is definitely more private than localbitcoins, for LBC you need a mobile phone verification and some offers are limited to ID verified only. |
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Who has the worst support in industry? My vote is for polo.
Yeah, i think polo and yobit probably ties as being first place. Polo might be winning be a small margin though. Poloniex actually used to have extremely good customer support until like last month, really. Then they started to have deposit and withdrawal trouble, and they removed the trollbox... At least yobit has a trollbox, even though they banhammer you without any reasoning. being slow to answer is bad but i wouldn't call it "worse support" because at least they answer you at some point and your problem will be fixed eventually. a worst support in my opinion is when they not only never answer you but also they don't care and they don't fix the problems. and with that definition you have Yobit as your only candidate. 90% of their wallets are dead and they have countless wallets listed. the remaining 10% wallets only have funds in a handful of them such as bitcoin, litecoin, dogecoin and the rest are either empty or fake. good luck getting an answer apart from "it will be fixed soon" out of them  Yobit responds to you if you are someone willing to pay 0.1 BTC to list a pump and dump coin |
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When the circulating supply increases, we can say "new bitcoins were mined"?
To have it clear, new bitcoins are created or we "discover/found" it?
Every block that you mine as a bitcoin miner, you get a set reward for it. Right now, this reward stands at 12.5 bitcoins per block mined. Think of mining bitcoins simply solving really complex maths problems, if you solve this problem first, then you get the reward before anyone else, and new bitcoins are created as a result. Every 4 years or so(210k blocks) the block reward halves, so in 2020 the block reward will halve to 6.25 BTC per block. As time goes on the amount of new bitcoins created will be lesser and lesser, infinitely close to but never hitting 0. Hope this helped. |
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