Try posting on the philippino board: https://bitcointalk.org/index.php?board=219.0

The transaction will normally go through on all chains because there is no "replay protection", but it is not guaranteed.

It will not affect your wallet; however, your wallet will reflect the state of the sent bitcoins in one chain, while that state might be different in another chain.

That calculator is confusing to me because it uses something called a "mining factor" instead of varying the difficulty. I like this one better: https://bitcoinwisdom.com/bitcoin/calculator

I'm sorry but you must be confused. You can't send LTC to 1MYUHE2DkKUenrxwU4geXrG6smNhrREYDp. It is not a valid LTC address. Try it. You won't get very far.

This question has been answered thousands of times, but there is so much misinformation in the replies, I feel compelled to respond.

First, the supply will not run out. Bitcoins are not consumed. The money supply will reach 21 million and stay there (except for the small amount that is bound to be lost). By the time the last bitcoin has been mined, the price will stabilize as adoption reaches saturation.

The demand will not go up for ever. I assume that in 100 years, adoption will have already reached maximum.


Bitcoin production is slowly going to 0. There is no reason for the price to rise suddenly.



Bitcoins are not getting scarce. There will be no shortage. When the supply reaches 21 million, there will be 28% more bitcoins than there are now.


When no more bitcoins are mined, the block reward will consist of transaction fees only. The supply will be constant, and a constant supply puts no pressure on the price.


There will be no shortage, and saying that "every one holding bitcoins would be never ready to sell" is silly. There are plenty of people selling now. Look at the volumes on exchanges. There is no reason why there won't be plenty of people selling in the future too.

If the BIP 148 fork has 10% of the pre-fork hash rate, then each block will take 100 minutes on average to mine. It will be that way for 10 - 20 weeks followed by 5 weeks of 25 minute blocks.

A fork on August 1 is almost certain, but I think that many people overstate its impact. I strongly believe that the only people that will be affected by the fork will be those on the BIP 148 side.

It could be months until the first change occurs. Also, there is a very important detail that might be overlooked. That is that the the difficulty can change by a maximum factor of 4. The difficulty may not immediately adjust to the new hash rate.

Let's look at some scenarios:

The worst case is if the difficulty adjustment happens at the same time as the fork.

New Hash Rate	| Difficulty Behavior
5%	| 40 weeks of 200 minute blocks, 10 weeks of 50 minute blocks, 2.5 weeks of 12.5 minute blocks
25%	| 8 weeks of 40 minute blocks
50%	| 4 weeks of 20 minute blocks

The best case is if the difficulty adjustment happens half way through the difficulty period.

New Hash Rate	| Difficulty Behavior
5%	| 20 weeks of 200 minute blocks, 10 weeks of 50 minute blocks, 2.5 weeks of 12.5 minute blocks
25%	| 4 weeks of 40 minute blocks
50%	| 2 weeks of 20 minute blocks

The bubble has finally burst. That's all.

Articles about Twitter posts are stupid.

25 confirmations is going to take a long time with only 4% of the hash power -- 6250 minutes, or 4 days.

Anyway, I don't think any miner will attack the BIP 148 chain. It would be no less costly than attacking Bitcoin (assuming that they are successful and BIP 148 coins become worthless)..

Since UASF nodes reject blocks not signaling segwit, they will fork on the first block not signaling segwit starting August 1st. If 95% of blocks signal segwit, then 1 out of 20 do not. UASF nodes will fork on August 1 unless there is some rule I am not aware of.

Your blockchain.info account 12 word recovery phrase is the "seed" that is used to generate all your private keys. It can be used by other compatible wallets, such as Trezor. You can move your blockchain.info wallet to another wallet at any time for any reason.

Nodes generally don't get paid for relaying transactions. I'm not sure why blockchain.info reports who first relayed the transaction and their location.

It seems odd to me that you are hashing for a mining pool, but you don't know how it works. It might be a good idea to find out.

I assume the "long code" you are referring to looks like this: 1BQLNJtMDKmMZ4PyqVFfRuBNvoGhjigBKF. It could also start with a "3". That is called a Bitcoin "address". It is like an invoice number and whenever you send bitcoins to that address, they will be sent to the wallet that generated it (presumably owned by the person that gave you the address).

You give someone an address from the "receive" tab of your wallet so that they can send you bitcoins. When you buy bitcoins, you will have them in your account on the site. When you want to send them to a wallet, you go to the send feature on the site and enter the address from that wallet. If you want to send to yourself, you enter an address from your own wallet.


Yes, the "receive" tab will give you a Bitcoin address that you can give to someone that wants to send you bitcoins. In the "send" tab, you enter an address and an amount, and the wallet will send that amount to that address.


The fastest, most convenient, and most effective way to obtain bitcoins is to buy them. Likewise, if you want to covert them into your local currency, you sell them (presumably at the same place you bought them). In order to sell, you send the bitcoins to the site's wallet using the deposit address that they give you. They know whose account to credit because they give a different address to each account.

It is true that blockchain.info has had security and usability issues in that past, but unlike exchanges and other wallet sites, you have 100% control over your private keys.

If blockchain.info doesn't have the features you want, can always move your private keys to a wallet that does at any time before or after a fork.

@Shawns, if you control your private keys, then your bitcoins are not affected by a fork until you decide to spend them.

Perhaps, you don't know that a "bitcoin doubler" (also called a "bitcoin multiplier") is a scam where a site promises to send you twice the bitcoins that you send to it.


As for the fork, I have no doubts that the UASF fork will quickly wither away. Blocks will take forever to confirm and the value of the coins will drop to 0.

I was surprised that ETC was able to remain viable, but Ethereum is different from Bitcoin in many ways, so I don't expect the same thing to happen with Bitcoin.

This is a Bitcoin forum. You might get better results in a Ethereum forum.

It may be a fake story, but you are wrong about the rest.

Mt. Gox, along with several other trading sites, were started in 2010 and there were lots of people trading bitcoins at that time.

Silk Road was started in 2011, and there were lots of people using bitcoins at that time.

No.



Yes.

The "pump" is not the increase in price. The pump is the promoting that causes victims to buy, which causes the price to rise. The scammer buys before the pump so that they can get the maximum profit when they sell.

The "dump" is not the fall in price. The scammer dumps the shares at inflated prices to the victims that buy as a result of the pump. The fall in prices happens after the dump when there are no more buyers to support the inflated price.

A "pump group" is a scam. Here is how it works:

1. The scammer creates a "pump group" convincing each member that they are on the inside and that they will profit.
2. The scammer selects a coin and buys it doing their best to pay the lowest price possible.
3. The pump. The scammer announces the time and date when members are supposed to buy.
4. Smarter members buy early, the rest buy at or after the announced time and date.
5. The price starts rising and members and others start buying.
6. The dump. The scammer starts selling as the price rises.
7. The buyers dry up and the price falls.
8. The scammer and some members make money, but everyone else loses.

The pump group scam works because of the belief that the pump is the rise in prices and the dump is the fall in prices.

Finally, this is not all theoretical. I know a guy that does this now, and some old-timers might remember Fontas, who was (and probably still is) a master of pump-and-dump.