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421  Bitcoin / Bitcoin Discussion / Re: Its been 40 mins since last generated block on: February 09, 2017, 06:12:09 PM

--snip--

Good to know but still, the misallocation of mining capacities shouldn't fall on the user, otherwise the chunk of the community that use btc for microtransactions will be gone. It's definitely fixable, just when is the question.

Unfortunately we must understand that  nowadays bitcoin is not the appropriate way for micropayments. In the future, if segwit will be activated and LN is settled maybe this will be a better and cheaper way for all of these transactions. If not, and the debate between blocksize and segwit supporters never ends, the interested with cryptos user have to use another way. He can use an altcoin instead of bitcoin like as the litecoin.

422  Bitcoin / Bitcoin Discussion / Re: Is bribing via bitcoin a good idea? on: February 09, 2017, 05:02:26 PM
With 1000 dollars each, it seems that bribing with bitcoin would be a good idea.  One USB stick will do the job with no third party required.


At first, I don't address the moral and criminal part of doing something like that but I claim only that bitcoin is the worst case scenario for this 'job'. Initially you need one who will accept the usb flash drive to be a 'hard' tech-savvy user. Furthermore, you have to somehow give him the private keys or the seed. Finally, if you believe that using bitcoin will prevent your anonymity and cover your tracks because you think that bitcoin is an anonymous and untraceable way for illegal activities then you will have to reconsider your decision because bitcoin has nothing of these features. So, if you insist to go, then cash i.e fiat or another crypto currency like as monero or zcash.
423  Bitcoin / Bitcoin Discussion / Re: Charlie Lee: Mining pool are trying to force the devs to hard fork on: February 09, 2017, 11:57:25 AM
I read carefully the answers and views of Lee had given and I would like to ask your opinion of the following,

1. It seems to me that bitcoin miners keep a wait and see policy because they want to see what would be happened if LTC segwit is activated.
2. It seems strange to me that Lee said about some pools are forcing bitcoin devs for hardfork. If the profit is the main incentive for miners what is the meaning to do a hardfork with bigger blocksize? Of course every block will have more transactions but with lower fees so the sum after every block mining will be the same more or less but hardfork is more dangerous than soft one(speaking about the reputation and price of the coin). So, why Lee told something like that? In addition, why bitcoin miners want hardfork solution, given that anything told Lee is truth? Or he has any political or financial motivation?
424  Bitcoin / Bitcoin Discussion / Re: Bitcoin for the rich, not the poor on: February 09, 2017, 09:50:31 AM
Don't forget that current situation is just the beginning as throughout the years pools will more and more depend on income through fees. People will just have to shift priority. If you for example transfer $1000 from one place to another nearly instantly, then it's definitely worth to include $0.50-$1 in fees. But if you buy a drink somewhere for $1.5 and you include a fee of like $0.50, then obviously it doesn't make much sense to use Bitcoin as preferred currency. Current situation shouldn't be that surprising as you could have seen this become reality years ago. People just have to adapt to the situation and realize Bitcoin is not a micro transacting tool anymore, unless you're willing to pay for it.

Of course like is the situation currently none will use the bitcoin network if he buys a cheap drink because he is not willing to pay high fees. But if he wants to send money in another place or want to buy something from online store then bitcoin is the best solution. There are also cases, although it is not the norm, where some clever entrepreneurs offer better prices if you buy something with bitcoins than another online payment because if customer uses paypal or web banking sellers are paying fees to bank or paypal. The way I see it after some years from now when the incentive of mining blocks in the future will be very small or almost negligible only the tx fees will be the main source of profit for miners.
425  Bitcoin / Bitcoin Discussion / Re: For monthly subscriptions, bitcoin may be more appropriate. on: February 08, 2017, 09:57:21 PM
Of course for this type of transactions like as the subscriptions at any time  bitcoin is the best payment system. I usually pay my subscription to the file hoster; not every month because I prefer the gigabytes plan but from time to time. One year ago I used paypal but if you use the bitcoin once then you forget the other ways of payment. Really, is not only very fast but when the price of bitcoin has already increased like it is now you can see the difference in converting from fiat because you spend less bitcoin than usual.
426  Other / Archival / Re: Do you agree with idea "Bitcoin bank" ? on: February 08, 2017, 08:44:45 PM
Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.


Really? If you like this idea of 'security' and 'bank advantages' I cannot understand why do you use bitcoins. Maybe you use it as commodity or as asset. So why do we need decentralization and blockchain and miners? Why not a 'secure' centralized blockchain of a bank without any debate about blocksize or segwit and so on. That means, another form of fiat; no the paper one but the digital fiat. To summarize do you really believe that banks are more secure than the bitcoin network? So why not to go with RScoin
427  Bitcoin / Bitcoin Discussion / Re: Wallet Address and Payment doubt. on: February 08, 2017, 05:23:10 PM
I better not use any online wallet services but anyways, one address is good for only a single tx as to what the wimi states. But due to the fact that it will be messy and too many adresses will be created, people just continued on using 1 single address they're very much familiar with instead of changing addresses every use. What blockchain.info does is actually a good thing for you, and yes, you still keep all those addresses anyways if you just take a little trip around the site.
Then Which are the recommended offline wallets.
I have heard a lot about electurm and mycelium.
They are the best offline wallets I got to hear.
Also I was informed that in mycelium wallets we can have custom address.
Like having my name in it or so.


You can go with electrum if you like or any other desktop wallet, because you have the full control (private keys) of your bitcoins. Using a web wallet even though its creators claim otherwise they have the full control. If you like to use a personalized custom address that is a vanity address then you must do some research because there are different ways some free some not also some are secure and some also not but if you like to dive this a very good thread in the forum to start https://bitcointalk.org/index.php?topic=25804.0
428  Bitcoin / Bitcoin Discussion / Re: Stop Using Banks, Paypal And Credit Cards! Let's Integrate Bitcoin Everywhere! on: February 08, 2017, 04:47:44 PM
To my point of view some decades will pass before people come around to use only bitcoin and other crypto instead of fiat for many reasons. Many people, I am one of them I have taken a loan from bank which will hopefully  the last repaid end of 2024. Till then bank owns my house. Moreover, even though I live in Europe and there are some shops happily accept bitcoin unfortunately all utility bills have been paid only with cash or credit cards that is, fiat and banks. So, nowadays, is only a dream or utopia if someone believes he can lives without bank transactions and fiat. Of course these can be restricted only to the absolutely necessary transactions.
429  Bitcoin / Bitcoin Discussion / Re: More than 50,000 unconfirmed transactions on: February 08, 2017, 04:19:40 PM
As bitcoin is becoming successful day by day ,
The number of people using bitcoin is increasing tremendously
This is leading to the sites having a lot of load.
So many transactions together crash the site.
But I can assure you that all the transactions will once be confirmed.
I use bitcoin on a regular bases.
I just pay more fees for transactions to take place quickly.

Do you really believe that bitcoin users have tremendously increased last two weeks? And what is the site which will crash? And you assure other users that their transactions will be confirmed? Can you clarify when? After a day, or two because after 72 hours the mempool will drop the unconfirmed transactions. I can't believe that last weeks so many people suddenly they loved bitcoin and as dedicated users they do everyday so many transactions. Obviously is a spam attack again; but I really cannot understand what the attackers believe eventually that they will succeed. 
430  Economy / Economics / Re: First investments in bitcoins on: February 08, 2017, 01:37:08 PM
Hi everybody, I am quite new in this new market and have a lot of interest in it. After advices from friends, i have put some money in Ethereum by the fact that i like their project which has a global view on the world. Moreover, i have also put some money in Monero.

Now, i am confused to invest in the long run for some bitcoins. Why ? Because prices are already really high but after reading a lot analysis, predictions are quite high.
What do you think about investment in some bitcoins at this high Price ? Thanks guys

You will read many opinions; at first, because any opinion is free and secondly is easy for everyone to give you one. From my point of view not all eggs in one basket. As you said in the recent past you invested some fiat to monero and eth. That's a good movement and maybe you could invest again some in other altcoins after your own research. As far as the bitcoin I agree that it's an investment in the long run because is the leader and has the biggest user base. As regards the price depends what means the long run for you. Nowadays taking into account the prices all of these years anybody will say that is high but when price was about $600 and doubled people said the same thing. The final decision is always yours
431  Bitcoin / Bitcoin Discussion / Re: Website which pays bitcoins to play games on: February 08, 2017, 01:12:41 PM
It's low but it is something , if you have high paying faucet's link's please post here so user's can make use of it.

You can keep it open all day and make upto 5000 sathoshi's a day it depend's on the time you keep it open , minimum guarentee is 1000 sathoshi's.

As every faucet is good for first time bitcoin users. I didn't try it as game so I can't speak about the gameplay but I believe there are better sites if someone wants to earn some satoshi's and learn many things related to bitcoin. One of them, even though currently I don't visit so often like I did in the past, is the 99bitcoins where anyone can earns some satoshis every 5 minutes and has the opportunity to learn about bitcoin while browsing the links of the very interesting site. On the other side, faucet users will find out what means 'dust' in bitcoin and how high the transaction fees are if they want to spend it.
432  Bitcoin / Bitcoin Discussion / Re: 100 Ways To Earn Bitcoin on: February 08, 2017, 11:20:26 AM
I did some research about sig campaigns, now i know that most at the time even legendary members are not earning even 50$ per month, some of them say that they earn 100$, but that's also not interesting for me. I personally would not even waste my time to post for sig campaign every day just to get 50$-100$ at the end of the month.



Really? It seems that you live in USA or another rich country where the average citizen spends more than $100 in daily needs so you see it as a pennyworth amount of money. Have you ever think what is the $100 per month for many of the members of this forum? or how many countries belong to third world? For your information you could take a look at the GNI per capita . But even though you live in US this article, about 2 years ago, claims that about 1.65 million US households with children live with less than $2 per person, per day.
433  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: February 08, 2017, 10:30:35 AM

--snip--

If there is a bitcoin bank, I think that, banks can disappear, or they can remove banks, and all of the bank transactions. We should know what will be the best for our bitcoin industry. We know that bitcoin can replace the paper money. We can also invest through bitcoins. We can earn a lot of profit through bitcoin.

I believe that you are confused with the terms 'bitcoin' and 'bank'. You posted about bitcoin bank. But bitcoin is a decentralized p2p currency with no need of a third trust entity like as a bank, right? Or you want to say something like as anyone can deposit bitcoins and he can convert to fiat? But this is the same thing which is made by exchanges. So I really cannot understand what were you thinking when you  wrote  about a bitcoin bank. Can you clarify this meaning for me or can you post a link with this idea?
434  Bitcoin / Bitcoin Discussion / Re: Why is fee still high (6000 unconfirmed transactions) on: February 08, 2017, 07:06:42 AM
My transaction is stuck for over 2 hrs for a decent fee. Why are so many transactions unconfirmed? My transactions usually get confirmed within an hour at worst. Is this a spam attack again like 2 weeks back r some different issue? I dont see any topics to follow this time.
I never encountered this problem. Every transaction I sent, with reallllllly decent fee got confirmed in in the next mined block.
5 hours ago I withdrew bitcoin from online service with 20k satoshi fee and transaction was processed instantly.
Are you sure your fee was good enough?

Same here, and waiting for less than an hour I did not consider it as a delay. Sometimes less than 30 mins and its already fine. Usually fees range from 20,000 sats to 50,000 sats in some exchanges.

Just wait , as long as your transaction is on the blockchain already I think it will not lost.


I cannot understand why you claim that fees range from exchange to exchange. If I'm not mistaken I believe is not matter what exchange anyone uses but what is the transaction size and how many are the unconfirmed transactions (network load), except if is a service which offered from some exchanges where customers pay a standard fee regardless the transaction size. Unfortunately, these days the fees are very high from 60-70 s/byte to 140-160s/byte if someone wants a next block confirmation.
435  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum]UTXO based POS Smart Contract Platform | Crowdsale March 2017 on: February 07, 2017, 08:44:38 PM

I am very impressed not only because a well known business magazine devoted an article for Qtum but also how long an article most of his content about tech-savvies is. Maybe is the most complete with many details compared with the rest I have read until now. Moreover it's really amazing the strategic and financial backers who support the Qtum project; that means is very promising, revolutionary, innovative and of course profitable project for them. In addition I wonder what is the name of top accountancy firm which is hidden for now. Last but not least, what is the meaning, that is, what is the impact globally of what Dai said about the high demand of the 'Blockchain of China' ?
436  Bitcoin / Bitcoin Discussion / Re: Is Satoshi Nakamoto an A.I.? on: February 07, 2017, 07:22:03 PM
I really would like the creator of bitcoin to be a very advanced A.I even though it seems impossible to me. Say that it was an A.I can anyone imagine the potential of A.I's developers? On the other side if the claim of OP is real and an A.I in 2009 has created a revolutionary technology what this A.I had made nowadays? It's sure that he had settled the debate between blocksize and segwit supporters and the consensus would be a reality. So probably the bitcoin creator is not an A.I and we can continue to search the individual or group who developed it
437  Bitcoin / Bitcoin Discussion / Re: how strong is bitcoin really? on: February 07, 2017, 04:57:03 PM
I can say Bitcoin is really strong, because look at the price now its almost 1000$ Dude, that's not a joke actually. it shows that the community is getting more hot in bitcoin, even the the different investors in other nations are also involving and engaging themselves into that concept of the bitcoin. And that's really something isn't?.

Certainly nowadays the bitcoin's price is high and I wish to go even higher. But we have not forgotten that is a currency with small market cap and certainly easily can be manipulated after heavy speculation. What  anybody should do who believes in this currency is to be known and acceptable; the more people around the world because the more they use it the harder it is to be banned by any government. Hopefully devs, miners and nodes reach to a consensus because the very high fees with so many unconfirmed transactions every day is pain in the ass.
438  Other / Politics & Society / Re: Trump: safe zones for syria; imminent us-russian war? on: February 07, 2017, 03:49:45 PM
Trump spoke about safe zones obviously because he does not want Syrian immigrants to travel  in America. As has been shown so far, Trump is one unpredictable man, where nobody knows what he intends to do. But he has already talked with Russians as Moscow has acknowledged, therefore he knows their views. He doesn't even care what wants the American system, nor what Erdogan wants, but only what he wants. About the issue of Syria is clear, he wants to destroy the jihadist terrorists in cooperation with Russia (and obviously Assad). Also he has said he does not want changes in leadership in other countries. Eventually he has said at times a lot of conflicting statements, so let's wait for his actions.
439  Bitcoin / Bitcoin Discussion / Re: No big reduction in full node operation cost under Lightning Network future on: February 07, 2017, 03:19:48 PM
From my point of view, as some members above with bigger experience than mine they posted that, LN does not solve the problems of spam and malicious users; franky1 highlighted it. On the other side as OP mentioned the LNs more or less will reduce the on-chain transaction per user. But LN like as any other solution, good or bad is a choice and not an obligation; again franky1 stated. Therefore, some people maybe will never use the LNs, for any reason they want; but is a choice for them who want to use it knowing their pros and cons which nowadays is unavailable. Therefore, without many theories, if we want to count the reduction cost we must see it practically in everyday real time usage.
440  Bitcoin / Bitcoin Discussion / Re: Daily use of bitcoin? on: February 07, 2017, 02:27:59 PM
I dont use my bitcoins at my real life, usually the bitcoins i do have i do invest into altcoins, bitcoin has several ways to be used and spent online, using it on daily basic nowadays isnt something we could do directly, make payments does have a big delay to confirmation, but in the future something can change.
yeah i think it is difficult for a person using bitcoin is to use it for daily life because only a few online store accept it and most of the developing countries didn't know about online shopping because of lack of access to internet but i hope in future it may be possible......

Of course the lack of stores accepting bitcoin as payment is a problem but the way I see it it is not the only one. I believe it is more serious problem when we need a fast confirmation and we have to pay the high transaction fees which make prohibitive the usage of bitcoin as a means of payments especially when we need to buy something very cheap. So, till scaling issue would be settled with one or other way and fees are not so high I am almost sure most of the people will use it only as commodity
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