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381  Alternate cryptocurrencies / Altcoin Discussion / Re: By far THE biggest crypto scam EVER… on: March 28, 2019, 06:42:02 AM
I wonder if the author of the article is the same Fyookball shill that were very active on Bitcointalk for a while? So, the crux of this article is this, " ....But there’s a silver lining to all this. Although Bitcoin is dead in BTC, its alive and well in Bitcoin Cash (BCH)." or in simple terms, " I bought loads of Bitcoin trash <BCH> and I want you to sell your BTC for <BCH>, so that the price can go up and this will enable me to dump my <BCH> for a massive profit.

So, the biggest scam are the BCash shills trying to sell BCash (BCH) as a better coin than the real Bitcoin <BTC>    Wink

he IS the same person, he also owns electron which is a fork of the popular project "electrum". and he has been spreading the same FUD about bitcoin trying to pump the altcoin he has a lot of stakes in so that he can make profit.
not to mention that he has kept anonymous so far so we don't know who his ties are to. so far from what I have seen he is more corrupt than anybody he has been attacking.
382  Bitcoin / Bitcoin Discussion / Re: facebook, Instagram, Whatsapp Are Down - But Bitcoin is as strong as ever !!! on: March 28, 2019, 06:36:01 AM
And why exactly are you comparing this kind of companies like Facebook or Instagram with Bitcoin when they have nothing in common? Bitcoin is not a company, it is not lead by a person who seeks to be profitable at the end of the day so it does not compete with any of the companies you listed. They have their own business and don't care about bitcoin.

Exactly  but maybe the op is refering to the upcoming coin for those platforms because there were rumors lately about the new facebook coin  . instagram and whatsapp could probably next on the list .

 bitcoin is might be threatened as this can give a tough competition because we all know that the said platforms are a bit popular but for now bitcoin is still the strongest crypto coin alive so its better if we will continue support bitcoin until the end  .

no it may not because those coins or any other similar coins that are created by corporations are centralized so they don't even fall under the same category as bitcoin. they don't offer you any kind of freedom or privacy and they will instead impose a lot of restrictions and snoop into your financial affairs not to mention they control your money so they are competing with things such as Paypal not bitcoin. and if anything should be threatened is Paypal and similar services.
383  Economy / Speculation / Re: Lightning Network will help bitcoin`s price reach 6,000 USD in November on: March 26, 2019, 12:46:51 PM
every time I read a sad speculation like this from someone predicting such a small rise for this year, I feel right back in 2015 where price was stuck at $220 for a very long time and people were coming up with the same exact  sad speculations about the price and how it would only have a small rise for the same weird reasons. all of them are missing one important thing. and that is the fact that bitcoin price has always been rising because of bitcoin adoption and that process is slow but is happening at all times. but sometimes (like now) price remains stable because of lack of confidence and some manipulations. it just needs to start rising for all that to come back and we see the same big rises again.
the rest as they say is history...
384  Economy / Exchanges / Re: Indian Exchange Launches Lending Program for 5 Cryptocurrencies on: March 26, 2019, 12:38:18 PM
that is the worst thing that can happen in my opinion.

we all know that keeping your coins with an exchange is the riskiest thing that anybody can do in this market and when that exchange is an Indian one where their government has been trying to prevent bitcoin's adoption for a couple of years now, it becomes even a worse idea.
but unfortunately many users won't see it that way for the time being because they will be blinded by the greed of that small amount of profit until the disaster hits them and we are left with another huge exchange exit scam.

I'm giving it 12 months before it gets "hacked" or something along the line.

Funny stuff:
https://coindcx.com/about-us
....

if I  was only doubting their legitimacy before, now I am absolutely sure that they plan on running a Ponzi Scheme and call it an "exchange service with monthly profit" and that is a 100% guaranteed to have an expiration date where they scam and run away.
how long it would take is going to only depend on how many people are going to fall for it and actually make a deposit. so it can go belly up in a month or a year.
385  Bitcoin / Bitcoin Discussion / Re: Comparison of Offchain Solutions for Crypto Coins on: March 26, 2019, 11:27:58 AM
Lightning Network
Disadvantages:
Requires 2 time locked Onchain Transaction per Party , meaning a single LN offchain transaction requires 4 onchain transactions
With some adjustments this can be called an Advantage: "a thousand LN offchain transactions still only require 4 onchain transactions".

Lightning Network
Disadvantages:
Fractional Reserve & Counterfeiting possible until Withdrawal ONCHAIN confirms ownership

Can you explain how this is a possibility in Lightning? Because I have seen this being lobbed around as an attack on Lightning without any explanations, or examples of how technically it could happen.

I was going to ask the same thing. As far as I know, it's not possible, as each LN transaction requires signatures.
However, without knowing the details of how LN works, I'm now wondering if it would be possible for a LN-hub to use the same funds to sign different transactions with different users, more commonly known as double spending. Kinda like how I can sign different transactions from a legacy address, and as long as I don't broadcast them for on-chain confirmation, they can all be valid. I sure hope this isn't possible.


this is Segregated Witness and 2017 all over again but this time with Lightning Network. and FYI OP is the same person who has been spreading the same false information about SegWit back in that time too under a different account. the same way they were trying to convince everyone that your funds in a SegWit address can be spent by anybody they are now trying to say funds in an LN channel can be spent multiple times!
386  Economy / Speculation / Re: Will bitcoin remain above $4000 this time around? on: March 26, 2019, 11:10:42 AM
Currently bitcoin trying to stay above $4K. And its positive for holders. But most of time fail to stay above $4K. But according to trading volume bitcoin is healthy enough. Although still it is on bear mode but anytime we can expect bounce from $4K. It's long time just playing between $3.5k and $4K. So according to Bitcoin history we will see some positive movement hopefully.
If the history will be followed, we can expect that the price will rise over $4,000, or even higher than it's all time high.
The possibility is there all the time, the only thing that is not certain is the time, no one knows exactly when the price will reach to our expectation.
If bitcoin can remain above $4000  for a very long term, it will mean the recovering face has started and we would need to see that if that can happen the next strong level will be $5850. We have seeing bitcoin trying to break $4100 to $4250 trading area and since December it has done that several times without success.  Currently bitcoin look very healthy but it is still making another minor corrections again and it has fall below $4000 today again.

unfortunately $4000 holds no significance and that is why when we broke above it, nothing happened afterwards and price still goes up and down over this number. the only price that matters is a little bit higher at $4200 and when that one is broken we can start talking about end of the accumulation phase but until then it will continue to happen.
387  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin needs Segregated Witness on: March 26, 2019, 11:01:06 AM
b. recently due to new feature needs. core devs introduced a new sighash opcode that actually allows segwit tx's to malleate again..

Can you post some links proving that? That's going to be a big issue if it's really true. Plus, if it's true, how did the Core developers react when it was "discovered"? Cool

there has been no change to the sighash type flags for a very long time. there still are the same 4 of them as always. by the way sighash types are not "op codes" they are more like flags.
https://github.com/bitcoin/bitcoin/blob/78dae8caccd82cfbfd76557f1fb7d7557c7b5edb/src/script/interpreter.h#L21-L28
388  Economy / Exchanges / Re: Indian Exchange Launches Lending Program for 5 Cryptocurrencies on: March 26, 2019, 10:27:25 AM
that is the worst thing that can happen in my opinion.

we all know that keeping your coins with an exchange is the riskiest thing that anybody can do in this market and when that exchange is an Indian one where their government has been trying to prevent bitcoin's adoption for a couple of years now, it becomes even a worse idea.
but unfortunately many users won't see it that way for the time being because they will be blinded by the greed of that small amount of profit until the disaster hits them and we are left with another huge exchange exit scam.
389  Economy / Trading Discussion / Re: What is the main factor to be successful in short-term trading? on: March 23, 2019, 04:58:36 PM
experience!

you would be surprised how simply having experience would make a huge difference in this market. in order to be successful in trading cryptocurrencies people must spend time watching and analyzing the market for a long time and also trade them for some time to learn how things work and become more familiar with things that can really affect the price and things that seem they can but they don't.

there are a lot of other things that are helpful, like money management, risk management, having the right mindset (as in not acting emotionally when you buy or when you sell), knowing some technical analysis, maybe even using tools like bots,...
390  Economy / Speculation / Re: On whales and their impact on: March 23, 2019, 04:42:17 PM
an established fact? based on what exactly? the musings of random posters on the speculation board? i'd love to see the "proof" underlying this fact.

there is never going to be any kind of proof of manipulation in the market, if there were any then authorities would have already arrested manipulators since it is illegal to something like that!

all we have are signs and guesses. for example when price tries to rise and everyone is ready and the market volume is behind the rise but you suddenly see big walls be placed against the rise and big dumps in big chunks happening, that can not be anything but manipulation of whales.
this is obviously more visible among altcoins. for example when a dead shitcoin suddenly starts mooning out of nowhere, that is obviously a manipulation.
391  Bitcoin / Bitcoin Discussion / Re: Implant microchip- Bitcoin wallet? on: March 23, 2019, 04:32:13 PM
I'd love to be able to pay for small items just by scanning my hand.

that is the problem with technologies such as this one, you are facing adoption issues and in this particular case you are facing two different adoption issues. first you have to wait for bitcoin adoption to grow, so far although it has grown at a good rate but still you can't find that many physical shops in real world that accept bitcoin. then you have to wait for these shops to install devices that can read that chip so you can actually use that!
392  Bitcoin / Bitcoin Discussion / Re: Buying Used Computer Equipment For CryptoCurrency Unsafe? on: March 23, 2019, 08:19:26 AM
When i got in to crypto Desember 2017 i did buy a new laptop only for crypto. I use this laptop only to buy and sell crypto and i have another one that i use to pay bills and read emails and so on.

that is an unnecessary overkill my friend. you have spent a lot of money on something that you only use for cryptocurrencies and it is not that safe if it is connected to the internet so you are not really increasing your security.
if you wanted to spend money like that, then you could have simply bought a hardware wallet to store your bitcoin (and a bunch of other altcoins that are copies of bitcoin) which would have cost a lot less and provided a lot more security.
393  Bitcoin / Bitcoin Discussion / Re: BNB and BTC to be accepted in an auction of luxury property in Australia on: March 23, 2019, 07:54:30 AM
Why would they opt for Binance Coin (BNB) to be accepted? It has a maximum coin cap of 200 million BNB tokens.  Roll Eyes

Yes, Binance Coin (BNB) is backed by the exchange with the largest trading volume in the world, but is this enough reason to accept it as a payment option this early in it's development? <Exchanges are famous for their security flaws>  Roll Eyes

I think the whole Binance DEX thing is over hyped and just some pump strategy to get people to buy more BNB tokens.  Tongue

just wait a little while before Binance also joins the long list of dead exchanges that got hacked or scammed people and ran away and then we can all see how bad an idea it is to even mention centralized altcoins with bitcoin in the same sentence let alone accept them as payment (although the article seems like a clickbait lie). and it is going to happen, the only question is a matter of when and how big a disaster.
394  Bitcoin / Development & Technical Discussion / Re: generate 1 Million Address on: March 23, 2019, 07:50:34 AM
the maximum number of addresses you can technically create from a seed phrase is so gigantic that you will never reach an end because it is as big as the number of private keys. the problem is that you are generating a lot of them on the fly inside your browser which is storing them in your memory with a lot of overhead of additional public keys, addresses and all the calculations that go in them which is why you face an error.
there is no logical reason why someone would create that many addresses in one place inside one loop anyways.
395  Economy / Trading Discussion / Re: [VIDEO] - BITCOIN CRAZY MOVE COMING ? 2019 on: March 21, 2019, 02:25:10 PM
small upward movements do NOT mean the market is dominated by the bulls just as small drops don't mean it is a bear market and price should drop down to silly numbers like $1000. this is just the same sideway action that we see each time traders have no idea what type of market we are in (bull or bear) and they decide to either stay away or start accumulating in the small dips.

the real question is not how long this is going to last, the real question is when the next phase which is the actual bull run with bigger and actual rises is going to start.
396  Economy / Speculation / Re: *Q2-BTC-PRCE PREDICTION-GAME* Q2 LIST GAME on: March 21, 2019, 02:04:40 PM
lets go with $7100


that is a European thing I think. in some countries they use dot (.) instead of colon (,) to separate thousands. that is usually obvious from the 3 zeros after the separator since if this was decimal point you would have only 2 zeros afterwards when it comes to currency value.
397  Economy / Speculation / Re: New Report Warns 87 Percent of Cryptocurrency Exchange Volume Is Potentially Sus on: March 21, 2019, 01:59:55 PM
there is no way you could ever measure the real volume on exchanges specially with such accuracy so that you come up with a number such as "87" and not 90, 80 or a round thing like that!!! 87% is another reason why this is pure bullshit by someone who was bored with the market and wanted to start something up again.

the fact is that we all know exchanges fake their volume most of them for competition, some others for manipulation reason.... but in most cases (specially the big ones) the fake volume is far less than what this newbie author thinks. it probably is not even bigger than 10% in worst case scenario. of course there are shitty exchanges like yobit which have probably 99% fake volume but those places are so bad that they are not even worth talking about specially in an statistics.
398  Bitcoin / Bitcoin Discussion / Re: [Anti Bitcoin] Lightning Loop: closed source and anti-competitive on: March 21, 2019, 01:40:14 PM
wasn't this an expected thing to happen already? people don't start "companies" to do work for free, they start them for profit making and sooner or later they all want return for their efforts!
what surprises me the most is that still there are people who try to introduce some sort of centralization and closed source applications into a decentralized and open source world!
399  Bitcoin / Bitcoin Discussion / Re: How do you feel about control versus freedom in Bitcoin? on: March 21, 2019, 01:25:04 PM
I think that it should matter WHO disagrees, not HOW MANY of them do. If these are some random weirdos that some some reason don't want changes, then to hell with them,

ok, but what method do you propose to us in order to determine who is a "weirdo" and who is not so that we can ignore those? what if those "weirdos" also found you a "weirdo" and considered what you support to not be the ay to go?

you see, that is the problem when you bring "who" in instead of "what and how many".
400  Bitcoin / Bitcoin Discussion / Re: Should bitcoin be limited to 21 million? on: March 21, 2019, 01:17:15 PM
I have mixed views on this because most currencies stay stable with some sort of inflation. Quite frankly you shouldn't be inflating by 2% per month as thst a huge market but I don't think anyone would be against an increase for this to be accepted as a currency.

The alternative view is that this is what altcoins are for and most of the people won't see the last block with the initial rewards being taken up but at a point where we're at a low number of bitcoins per block it may come in handy to increase inflation slightly although if it becomes unprofitable to mine it'll be the node owners doing the mining which wouldn't be a bad thing (each node miner with a few chips to mine with like the gekkos side hack makes - id be into that).

The 21 million total bitcoin cap isn't as important as most of the people think.Great mining difficulty reduces the mining of new bitcoins and keeps the supply low.The 21 million cap is just a psychological barrier that creates some trust amongst the newbies that the bitcoin price will keep going up,as long as there is increased demand for btc.Inflation would be bad for btc.

what are you talking about? the cap that bitcoin has is one of the most important features of it that has set it apart from all other currencies that for 100 years had no cap whatsoever! and the number that was chosen (21 million) is a pretty good one, although Satoshi never said anything about why it was chosen but now we know that it is appropriate as it is not too much to negate the cap (like most altcoins make the mistake of having such a huge one) and it is not too small to cause users feel there is scarcity.
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