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Keep in mind that selling bitcoins for paypal is risky because the buyer can easily reverse the transaction and keep the bitcoins.
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So many wrong answers and just reiterating for anyone tha missed it. The purpose of the difficulty value is to keep the average block time at 10 minutes, regardless of how many or how few miners there are. If the difficulty increases, it is because there are more miners (or miners add more equipment). The production of bitcoin in halved every year. That increases the difficulty and the cost of mining. That is how system works and why the price of bitcoin keeps on increasing.
The halving does not increase the difficulty or the cost of mining, nor does it cause the price to increase (at least not directly). |
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That's also called "arbitrage". The issue with your strategy is the the prices may never reverse because there might be static underlying reasons for the price difference.
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Can't it be both a legitimate asset and a super-bubble waiting to implode? That's what I think.
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I don't think you will ever find such a study but it is not too hard to figure out, mining generates bitcoin whereas holding simply grows the value of your bitcoin, therefore if you mine and hold you will always generate more than if you just hold.
Not if mining costs more bitcoins than it generates. |
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What do you mean from seed? Do you mean private key?
As far as I know, with knowing the private key, we are able to import our bitcoins to any wallet whenever we want and in any PC. Am I right?
A seed is used by a wallet to generate its private keys. It is sometimes also referred to as the recovery phrase. It is not a private key or a password. With typical usage, you will have bitcoins stored at many addresses in a wallet, and knowing a single private key is not enough to access all the bitcoins in the wallet. |
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I apologize for repeating myself, but it is clear that many people don't understand what "pump and dump" means. I am concerned that they don't know it is a scam and they are likely to fall for it. "Pump and dump" (P&D) is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme "dump" sell their overvalued shares, the price falls and investors lose their money. ...
While fraudsters in the past relied on cold calls, the Internet now offers a cheaper and easier way of reaching large numbers of potential investors through spam email, bad data, memes, and fake news.
A pump group is a pump-and-dump scam.
An alert service or channel is a pump-and-dump scam.
Don't be a victim. |
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It depends on what kind of wallet you are using.
If you are using an HD wallet, then it is probably ok to share it on two different computers because both computers will generate the same addresses.
If you are not using an HD wallet, then you may have problems because the same addresses will not be generated on both computers.
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So then you would agree that segwit is an example of the developers of Core & miners basically wanting to choose what Bitcoin is for all users, too.
Yep. They did choose Segwit. The difference is that they consulted and proposed the change to everyone. Not just their friends. And they did nothing to force anyone to use Segwit, if someone doesn't want to use it, they can still use the regular P2PKH and P2SH Bitcoin address formats. This was a deliberate choice in the way Segwit was designed. Everything about Segwit2X / B2X design, and it's promotional rhetoric, has the effect of imposing their hard fork on Bitcoin users; no proposition, no consulting. And so no opportunity to agree. That's called force. So, you were saying...? Your statements are so full of inaccuracies, distortions, and exaggerations, I wouldn't know where to start. It appears that you are against hard forks. Why not just state that? I suspect that you are afraid that nobody will listen to you if you don't pile on all the crap |
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If the developers of Core were really concerned about replay, wouldn't they add replay protection to their software?
If a Bitcoin hard fork uses the same network parameters as the original Bitcoin (as B2X does), then if Bitcoin Core changed their network parameters to stop tx replays, then Garzik will just change the B2X net parameters in the exact same way... You make a good point. I'll have to rethink my position on that. So, Garzik, Silbert & the miners basically want to choose what Bitcoin is for all users, and yet you're trying to say this is some kind of benevolent or benign act? Tell me you still agree with that, lol
So then you would agree that segwit is an example of the developers of Core & miners basically wanting to choose what Bitcoin is for all users, too. |
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Links to articles about reddit posts are stupid.
BTW, Segwit2x is not an "attack". It is a hard fork promoted by someone other than the developers of the Core wallet. Some people call it an attack because they believe that the developers of the Core wallet are in charge of Bitcoin and only they should be allowed to decide how Bitcoin can be improved.
Not an attack? Why wont the 2x people implement replay protection? Sounds pretty attackish to me. And now Jeff G. is ICOing a coin whose main purpose is to avoid contentious hard forks? Wake up man. If the developers of Core were really concerned about replay, wouldn't they add replay protection to their software? |
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Despite what others have written. Blockchain.info does not have access to your seed, private keys, or bitcoins. Only you have access to your blockchain.info wallet. That is why it is so important to back it up. Here are the instructions you are looking for: https://support.blockchain.com/hc/en-us/articles/209564506Thanks, but those instructions just outline how to make a backup wallet... on Blockchain. But I'm trying to get off Blockchain. Can anyone tell me, in very simple instructions, how to use my 12 code words to get all the bitcoin from Blockchain into another wallet, say Electrum? Ha ha. Those are instructions for making a wallet backup, not a backup wallet. Electrum is not compatible unfortunately. Here are instructions for restoring the wallet with Mycelium: https://support.mycelium.com/hc/en-us/articles/206335729-How-do-I-restore-a-backup- |
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Despite what others have written. Blockchain.info does not have access to your seed, private keys, or bitcoins. Only you have access to your blockchain.info wallet. That is why it is so important to back it up. Here are the instructions you are looking for: https://support.blockchain.com/hc/en-us/articles/209564506 |
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The Reason Why He/She Hid His/Her Identity is for own safety. Having Gigantic Amount of Bitcoin will Lead Him/her To Many Followers (Kidnappers,Terrorist,and Many More Bad Guys). He/She is A Professional Smart Person. If I would Be Satoshi I will do The Same Thing As He/She Did. If He/She Reveals His/Her Identity He/She Will Be A Walking/Living Gold. Big Bounty On His/Her Head.
Satoshi was anonymous even before bitcoins had any value. If anything, it was the idea of Bitcoin and not the value of the bitcoins that was a reason for being anonymous. |
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All transactions are stored in a database called a "block chain". Transactions are grouped into "blocks" and the blocks are linked together in a sequence (the "chain"). In order for a miner to add another block of transactions to the chain, all miners must agree that the block and the transactions it contains are valid.
If miners disagree on the validity of a block then there will be a "fork" where one group of miners adds the block to the block chain and the others do not. The result is that the chain diverges as the two groups of miners continue adding blocks to the chain that they think is valid. Since they cannot agree on that one block, there will always be two chains.
Bitcoin Gold and Bitcoin Cash (and Segwit2x) are intentional forks. In an intentional fork, a group believes they can improve Bitcoin by making a change, but the change is not compatible with the previous rules.
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I know that you can sell your bitcoin to trade plattform like coinbase etc.. BUT you need to verify your identify, so it' s not anonymously.
How do you cashout your bitcoins anonymously then?
Face-to-face cash through localbitcoins.com is pretty anonymous. It can be more expensive though because someone has to take the time to meet with you. |
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I might side with Buffett if he also said that the dollar is a bubble because it is not an value-producing asset.
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I think that Vitalik's 90% is a conservative estimate. I put it at 99%.
90% of the ICOs are failures from the start or outright scams, and 90% of the rest will never go anywhere.
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Links to articles about reddit posts are stupid.
BTW, Segwit2x is not an "attack". It is a hard fork promoted by someone other than the developers of the Core wallet. Some people call it an attack because they believe that the developers of the Core wallet are in charge of Bitcoin and only they should be allowed to decide how Bitcoin can be improved.
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