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4021  Bitcoin / Bitcoin Technical Support / Re: help needed restoring my old wallet on: July 10, 2017, 09:14:15 PM
Downloaded Bitcoin-QT
started the application, closed it. removed the .wallet file it created and replaced it with my old "wallet.dat".
as we speak, it is still performing the rescan.

You don't need to resync the block chain. QT should be able to list the addresses you are interested in, and you can do something like dumpprivkey to get private keys. You can wait for the resync if you want to use that software, but you could at least make sure that it can read your wallet.dat file correctly before going any further.

also tried Electrum just now, in the Install Wizard I chose to recover my wallet. next, selected my old .wallet file.
then I was asked about some keystore.

I don't have my private keys or a hardware device. that leaves me with "create a new seed" or "I already have a seed".

Which one do I need to pick?

You shouldn't need a seed unless one was used to initialize the wallet in the first place.
4022  Economy / Economics / Re: How is the price determined for a decentralized currency like bitcoin? on: July 10, 2017, 08:38:08 PM
Reading this thread, I am hesitant to jump in.

@pixelated: There is no "the price". Every transaction has its own price. Every trade on every exchange has its own price. Every time something is traded for bitcoins, the price for those bitcoins is determined by the parties in the trade.

Typically, when somebody reports "the price", they are reporting the price of the bitcoins in the last trade reported by a particular exchange. Sometimes, an average of trades (over time and/or across exchanges) is used to report "the price" in order to reduce the perceived volatility and increase perceived coherence.

Nobody tells parties in a trade what the price for that trade should be. The price is reached by agreement. Typically, the function of an exchange is to help traders find other traders willing to trade at the same price, so the agreement on price is already reached before the trade is initiated.
4023  Other / Beginners & Help / Re: mining bitcoins manually on: July 07, 2017, 11:55:24 PM
I saw an article on the internet and it says we can mine bitcoins manually by hand written mathematical formula? if so how can I achieve the target of 1 -4 btc per year?

At the current difficulty, it takes about 500,000,000,000,000,000,000 SHA-256 calculations to earn 1 BTC.

If it takes a person 5 minutes to compute a hash and you want to earn 1 BTC in a year, you will need about 5,000,000,000,000,000 people. Unfortunately, that is about 700 thousand times the population of the planet.
4024  Other / Beginners & Help / Re: Peerplays, 10 BTC lost in crowdfund? Cannot make the claim... HELP! on: July 07, 2017, 09:01:42 PM
Your friends problem has little to do with Bitcoin, so I don't think you are going to get any answers here.

I would try any or all of these instead:

https://www.reddit.com/r/Peerplays/
https://twitter.com/peerplays
https://www.facebook.com/PeerPlays/
https://peerplays.chat/home
https://t.me/peerplays
https://steemit.com/@peerplays
4025  Bitcoin / Bitcoin Discussion / Re: Bitcoinaddress.org wallet backup on: July 07, 2017, 08:37:53 PM
So I created a wallet at bitcoinaddress.org to send some maidsafe coins to it. I am able to check my balance of maidsafe coins by entering the address that I had generated using bitcoinaddress.org at omniwallet.org but am not able to use any mobile app to restore the wallet using the private key or even by scanning the bar code that was generated at bitcoinaddress.org. Long question short, how do I restore an already existing wallet that was created using bitcoinaddress.org
Please help!

What do you mean by "restore"? You absolutely do not want to use that address in a Bitcoin wallet. A Bitcoin wallet knows nothing about Maidsafe, and you would lose your Maidsafe coins if you added that address to a Bitcoin wallet and then spent the bitcoins in it.

Anyway, this is a Bitcoin forum. For Maidsafe answers, you should go here: https://safenetforum.org
4026  Other / Beginners & Help / Re: New bitcoins are mined? on: July 07, 2017, 06:37:29 AM
New bitcoins are generated  due to bitcoin halving , not discovered  Grin

Wow, this is not excusable for a Sr. Member on this forum. You just made this up, right?

You can depend on members of signature campaigns to post nonsense. The post to increase their post count and earn more money. They don't actually care about what they write.
4027  Other / Meta / Re: What are signature campaign? on: July 06, 2017, 07:31:38 AM
Signature campaigns encourage meaningless posts because posters are paid for the quantity of their posts, not for the quality.

Does that claim also apply to forum rank?

Yes, it does; however, people don't join Bitcointalk to get a high rank, but they do join to make money by posting.
4028  Bitcoin / Bitcoin Discussion / Re: Another Good Reason to Own Some BTC on: July 06, 2017, 07:22:13 AM
Their are online wallets, such as blockchain.info and airbitz, that give you exclusive control of your keys.
Blockchain.info don't give control of private keys.

Yes, they do.

We do not store your bitcoins, we only provide you with the software you need to store them yourself. Your wallet is encrypted on your device with your personal password. Your password acts as your decryption key to both lock and unlock your wallet — your wallet cannot be accessed without it. Because we don’t know or store your password (we can’t even reset it), only you are able to unlock and decrypt your wallet.
4029  Bitcoin / Bitcoin Discussion / Re: Another Good Reason to Own Some BTC on: July 05, 2017, 10:29:01 PM
Problem with online wallets are not that only are less secure its that you are putting your money in someone else's hands so you have to trust company hosting the wallet in the first place

Their are online wallets, such as blockchain.info and airbitz, that give you exclusive control of your keys.
4030  Economy / Service Announcements / Re: Telegram group to Pump the best coins Poloniex_Pumpers JOIN US ✓ on: July 05, 2017, 10:02:52 PM
Of course, it goes without saying that "pump groups" are scams, and the members are the victims.
4031  Other / Meta / Re: What are signature campaign? on: July 05, 2017, 09:56:46 PM
When you join a signature campaign, you put the company's advertisement in your signature space. Then you spam the site with as many meaningless posts as you can. The more you post, the more you get paid.

Top posters can earn up to a couple dollars per hour. That can be very helpful for a person living in a poor country where they can't earn more than a couple dollars per hour doing real work.
Wow, just wow. Your post is overflowing with negativity.
Firstly, you shouldn't encourage newbies to spam, because that can lead them to getting banned. Secondly, do you honestly think that there would be no meaningless posts if there were no signatures? It's up to signature managers to go through people's posts and not pay for such spam.

Top posters can earn much more than a couple dollars per hour. I've seen people make over 10 posts per hour, which in some campaigns can equal $20. This is a fairly high pay in most countries.

Signature campaigns encourage meaningless posts because posters are paid for the quantity of their posts, not for the quality. Only egregious spam might get someone banned. Posters simply state a cursory opinion based on the topic line and then move on to the next one. Signature managers do not have much incentive to discourage spam. They count signatures. They don't have much reason to care about the posts that are attached to them.

I was unaware that companies are paying $2 per post. That seems outrageous, but with all these ICOs paying with investor money, I guess I shouldn't be surprised.
4032  Alternate cryptocurrencies / Altcoin Discussion / Re: How does POS work? on: July 05, 2017, 08:02:54 PM
Do people with more ETHs have a huge unfair advantage?

It is not an "unfair" advantage, by definition.
4033  Other / Beginners & Help / Re: New bitcoins are mined? on: July 05, 2017, 07:22:47 AM
... 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.

Actually it does go to 0. Eventually, it will go to 3 satoshis, then 1 satoshi, then 0.
4034  Bitcoin / Development & Technical Discussion / Re: Lucky but not? on: July 05, 2017, 07:18:09 AM
I just wanted to see the concept behind it.

This site might be interesting to you: https://gobittest.appspot.com/
4035  Other / Meta / Re: What are signature campaign? on: July 05, 2017, 07:10:09 AM
When you join a signature campaign, you put the company's advertisement in your signature space. Then you spam the site with as many meaningless posts as you can. The more you post, the more you get paid.

Top posters can earn up to a couple dollars per hour. That can be very helpful for a person living in a poor country where they can't earn more than a couple dollars per hour doing real work.
4036  Economy / Economics / Re: Selling Bitcoin = Opportunity loss?! on: July 05, 2017, 12:39:40 AM
Inversely, there are benefits to holding fiat instead of crypto. You can't buy a car with crypto-currency, you would have to sell it first, deposit the cash, and use a check to purchase. Let's keep going, and say you use that car you purchased with bitcoin to go to a job. Even if you spent 5-10 bitcoin at the current price on the car, you could make back double that with a decent job in a year.

It's smart to go with whatever income stream has the most potential. It isn't always bitcoin.


You can buy a car with crypto: http://spendbitcoins.com/places/c/car-dealers/

Also, maybe I didn't get your point, but neither fiat nor bitcoin generate income.
4037  Bitcoin / Press / Re: [2017-07-04]Fourth largest Bitcoin exchange. Bithumb, hacked for billions of Won on: July 04, 2017, 06:15:51 PM
For those in the U.S., 1000 won is about $1, so billions of won is millions of dollars, and millions of won is thousands of dollars.
4038  Bitcoin / Bitcoin Discussion / Re: What is the most likely outcome on August 1st ? on: July 04, 2017, 06:01:50 PM
I'm completely confused with some comments here.

I thought UASF was opposed to SegWit, and both to SegWit2x which is a big-block SegWit proposed by the miners. So I guessed it were three distinct camps.

Now how UASF "wins" if SegWit is activated instead of UASF?

You have it backwards. The intention of UASF is to coerce miners into activating Segwit.
4039  Economy / Micro Earnings / Re: ▲ IS 80 - 120 Satoshi Every Hour A Good Satoshi Claim Amount,? on: July 03, 2017, 02:11:45 PM
100 satoshis is worth $0.0025 USD. Assuming you never sleep, you could make $0.03 USD per day. That is certainly not worth my time. Is it worth yours?
4040  Bitcoin / Bitcoin Discussion / Re: Seems Bitmain/Hashnest is banning ALL USA from using there services now on: July 03, 2017, 08:01:18 AM
It it really that?  What kind of logical connection does online gambling have on Bitmain or Hashnet? It does not fall under the same laws. Betonsports is not a Bitcoin gambling site, but the people who ran it do have criminal records.

It demonstrates the reality that anyone in the world that breaks a U.S. law could be prosecuted. A company in China selling litecoins to a person in New York is guilty of "conducting unlicensed virtual currency business", and the company and its employees can be fined or end up in prison.
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