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421  Bitcoin / Bitcoin Discussion / Re: If no one spends bitcoin what might happen? on: November 20, 2017, 09:30:41 PM
Then it will become a sort of asset, like it is already for many people.
I don't think Sathosi Nakamoto intended his project to become an asset, so that wouldn't be a good thing.
But I think that is not going to happen, when the fees start to drop, I will be using a small portion of my money to spend in the local grocery store.
There are many other people that buy goods or services with Bitcoin, also the blackmarkets play a big role.
422  Bitcoin / Development & Technical Discussion / Re: Why Segwit adoption is so slow? on: November 20, 2017, 09:16:59 PM
It's because a lot users still don't use wallets that have Segwit integrated, including me.
If you want to support Segwit, then change to a wallet that has Segwit support for example core.
I am going to switch my funds to a Segwit wallet when the tx fees begin to drop.
423  Bitcoin / Bitcoin Discussion / Re: Be careful of new ‘claim bitcoin gold’ phishing wallet scams! on: November 20, 2017, 08:13:21 PM
Always make sure that the url of the wallet you're going to login is correct.
As that can be mistaken easily, you also should check if the wallet provider has an extended validation SSL certificate, wallets like blockchain.info have these and can only be obtained by showing to a SSL certifcate provider that you run a legitimate business.
424  Economy / Trading Discussion / Re: gold fork, how do I sell them off? on: November 20, 2017, 06:03:56 PM
Every address that has a balance in BTC before the fork will receive an equal amount of the (forked coin) in this case BTG. The BTC private key has the same amount in different units on a different chain. To redeem the forked coin you should import your private key to a supported BTG wallet. From there you can claim your BTG and make a transaction to an exchange address. But keep in mind that Coinbase doesn't show your private key, so you won't be able the forked coin till Coinbase decides to support this chain.
425  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin really secure? on: November 20, 2017, 05:49:03 PM
The only weakness that could give an attacker the possibility to reverse payments (his own) would be the 51% attack, in which the attacker manages to have more than 50% of the total hash power. But this is highly unlikely, as this is impossible to reach with just normal computers. Bitcoin is really solid, the blockchain is invented to prevent attacks like you mentioned.
426  Local / Nederlands (Dutch) / Re: Bitcoincash gestuurd naar Bitcoin Segwit adres op Ledger Nano S on: November 20, 2017, 12:27:09 PM
Ik ben bang dat je jouw BCH voor nu kwijt bent.
Je bent een slachtoffer geworden van het probleem dat P2SH-wrapped SegWit adressen en de originele redeemscript adressen niet uit elkaar gehaald kunnen worden. Er zijn meer mensen met het zelfde probleem, misschien wordt er in de toekomst een oplossing voor gevonden. Want je bent de coins in theorie niet echt kwijt maar ze staan op een plek waar jij ze niet kan spenderen omdat BCH miners niet de segwit regels volgen.
427  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Wallet for NEO on: November 20, 2017, 12:04:56 PM
The developers of NEO created a desktop wallet, called NEO GUI it can be found here: https://github.com/neo-project/neo-gui.
Make sure to validate the checksum before installing this wallet, as you don't want to lose all your NEO and GAS.


428  Economy / Trading Discussion / Re: Exchanges for converting Crypto into Fiat on: November 20, 2017, 10:54:12 AM
I exchange my fiat for crypto trough Kraken, besides the standard BTC, LTC and ETH, kraken also supports EOS, Doge, Ripple, Melon, ETC, Dash, Monero, Augur, Iconomi and some more. But I find the fees to high for just daily trading, so what I do is buying crypto on Kraken or a similar exchange and then depositing it to an exchange like Cryptopia, which accepts all sorts of altcoins. This website only does crypto to crypto exchanges and offers extremely low fees.  If you decide to keep the coins for long term than it's always possible to deposit the coins from Cryptopia to a supported desktop wallet or paper wallet, this way you make sure your coins don't get lost.
429  Economy / Economics / Re: Cashless society on: November 19, 2017, 06:21:14 PM
I don't really like the idea of a cashless society, because then every payment is registered on a big database.
Although I think blockchain is really cool, I don't think it's a good idea to implement as fiat system. Because the government is not going to use it like Bitcoin does, making the distribution and validation decentralized. But it will be a digital central bank that controls the unlimited amount of supply instead of PoW or PoS protocols, this way the blockchain can still be adjusted by the central authority. Then it's basically the same system as it is now, but without cash. As the central bank is not really going to use it as a blockchain, but more as a database that they still have control over.
430  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead on: November 19, 2017, 06:05:49 PM
I don't get it, why does ASIC mining make the coin suddenly 'dead'?
Most of the top coins aren't ASIC proof, I don't think this development makes Litecoin different.
Also I don't agree with you about age, in my opinion does it matter.
I would rather trust something that has been out for years than something that got just released, especially when it has a significant value.
431  Alternate cryptocurrencies / Altcoin Discussion / Re: Your top 3 alt coins to invest in? on: November 19, 2017, 03:39:07 PM
1. Litecoin, it is the silver of the Cryptocurrencies, basically Bitcoin but not overpopulated.
2. NEO, it has the smart contracts and a lower price as Ethereum. Could make a big jump in price if China decides to recall their ban on ICOs.
3. Komdo, the delayed proof of work feature distinguishes it from the other altcoins, it makes the blockchain much more safe for attacks. The price seems to low compared to their supply.
432  Economy / Trading Discussion / Re: Selling your mined btc on: November 19, 2017, 03:29:02 PM
I have never used Coinbase as an exchange for crypto to fiat, as I don't really trust them.
That's because Coinbase restricts a lot of features a normal wallet should have, which actually makes them own your money.
Also because I see a lot of threads here telling there account got restricted for deposits or other problems that prevent you from depositing your money.
I personally use Kraken for crypto to fiat, I know a lot of people think the same about this platform but I somehow trust them more but I'm still careful so I only do exchanges in small portions. The best thing would be finding someone trusted on Localbitcoins, that way you can make a good deal and make the exchange in real life.
433  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is the price of bitcoin so high on: November 19, 2017, 03:12:31 PM
It's because it's the original coin, altcoins are like the name says alternative coins, based on Bitcoin's technology.
That's also why most investors rely on it, because it's the oldest.
434  Bitcoin / Bitcoin Discussion / Re: Bitcoin segwit2x on: November 17, 2017, 01:25:03 PM
Is this serious? I thought the fork was cancelled.
Could you post a screenshot of the message telling that transactions are disabled?
435  Bitcoin / Bitcoin Discussion / Re: [BTG] Someone stole my BTC on: November 16, 2017, 11:49:44 PM
I'm sorry for your loss.
Next time before claiming your forked coins, transfer your BTC to a new wallet.
Then in case of a corrupt wallet, your BTC won't be gone.
436  Bitcoin / Bitcoin Discussion / Re: Other way to transfer or withdraw your BTC on: November 16, 2017, 07:04:45 PM
You mean exchanging Bitcoin for fiat without the authorities noticing it?
I think the only way to do that would be meeting in person to make the exchange.
Online exchanges are not save for these things, because they keep records of all your trades and require or can easy identify you as a person.
 
437  Bitcoin / Bitcoin Discussion / Re: if bitcoin wont exists, which coin you think can become the main one and why? on: November 16, 2017, 06:55:26 PM
If Bitcoin didn't exist then there wouldn't be any crypto currency with a blockchain like Bitcoin.
That's because all altcoins are based on Bitcoin, so the question really is, who would came up with the same idea if Sathosi Nakamoto wouldn't exist.
438  Bitcoin / Bitcoin Discussion / Re: Are you a True Believer? on: November 15, 2017, 10:08:08 PM
I really believe in Bitcoin's technology, it's the best invention of this century.
For me, Bitcoin is freedom. Although I don't really use it as often as I should do, I think I could when it will be mass adopted.
The idea that money could be separated from state was a weird idea for me at first, because I don't know better since I grew up. But when I really understood the concept and was proven that it was totally immune and decentralized I was amazed, great invention.
439  Economy / Invites & Accounts / Re: BUYING AGED Localbitcoins.com Accounts on: November 15, 2017, 09:57:10 PM
Beware that OP probably wants to buy your trusted account for scamming people.
Either direct, by making false trades with your account or by leaving positive reviews with your account to make him look trusted, while he is not.
440  Alternate cryptocurrencies / Mining (Altcoins) / Re: i need to know on: November 15, 2017, 09:43:58 PM
There are handy tools available for doing calculations like this, for example coinwarz.com/calculators/litecoin-mining-calculator/ .
But to help you out, I will do it for you.
You start by looking at the specifications of your specific miner, which can be found here: https://shop.bitmain.com/overview.htm?name=antminer_l3_litecoin_asic_scrypt_miner .
This miner can provide a hash rate of 504 MH/s tolerance of +/- 5% but let's just assume that it has a constant hash rate of 504MH/s, then you need to fill down this value into the Hash Rate (kH/s) box which is 504*1000kH/s so 504000. Now add the wattage which is 800 watt with a tolerance of 10%. Always go with the worst value, so fill in 880W into the power box. Now fill down your costs for electricity per kW/h, which can be found on your electricity bill. Add this to the Power Cost box in dollars. Now do the calculation, this will be the profit you can make at the current difficulty. Keep in mind this value changes every few days. My calculation gave me a result of $352.61 per month, excluding electricity and hardware costs.
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