A good marketing decision to put a statement out and draw attention back to litecoin!  |
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I want to know if it is possible to buy and sell Bitcoins with small amounts such as 1$ and earn money?
If possible, how will be my profit?
On most sites the minimum trade is about 0.01BTC which is about $7 at the moment. You can trade it back and forth, reinvesting your profits, and eventually compound interest will come to your rescue, but it could take you a decade or more to make much money. You are better off starting with a larger stake. |
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The hacker has posted a signed message: http://pastebin.com/CcGUBgDGTo the DAO and the Ethereum community,
I have carefully examined the code of The DAO and decided to participate after finding the feature where splitting is rewarded with additional ether. I have made use of this feature and have rightfully claimed 3,641,694 ether, and would like to thank the DAO for this reward. It is my understanding that the DAO code contains this feature to promote decentralization and encourage the creation of "child DAOs".
I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO: It's top quality trolling, that's for sure. He's enjoying this. |
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which bitcoin trading platform is easy and reliable
If you're into the trading of bitcoin alone then I suggest you to try with the localbitcoins.com, which has got the easiest access as well you can find traders with different price tags. Localbitcoins tends to be expensive (they charge a premium to offset the risk of dealing with potential scammers). If you are in Europe, try Kraken. If in the US, try Coinbase, Bitstamp or Bitfinex. If trading alts, then Poloniex or Bittrex. |
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A cashless world would never happen. Governments of countries would never let this happen. Bitcoin is one of the worst things for them. If bitcoin doesn't give them any benefits, then they are just going to stick with fiat.
Governments are the ones who are pushing for a cashless world. A cashless world doesn't mean bitcoin. It means that all transactions are conducted through banking channels and there is no leakage in tax revenue. This. It is about surveillance and keeping tabs on what people spend their money on and finding opportunities to tax them. |
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Well Leave was leading in the polls prior to the sad death of that Member of Parliament.
We shall have to wait to see if this has affected how people feel. Hopefully voters will separate what happened to Jo Cox from the question being asked on the ballot paper.
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I think that the attacker can be sued, but that doesn't matter. DAO got hurt in a way that I didn't expected, thought I pointed out that it has too many flaws.
Sued by who? A bunch of line of code cant sue anyone! We are talking about vast amount of money and they will definitely try to do something (for example, hard fork). I'm not sure if they can really sue him, but time will tell. He did absolutely nothing wrong! Everything was according to the rules. It depends on whether he gets sued in a jurisdiction that goes with "the spirit of the contract" or "the letter of the contract". Lots of countries (like the UK) use "the spirit of the law" to protect against the need for legislators to foresee every possible scam permutation and write protections for each one into law. |
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I think that something volcanic is happening right now since the price has been going up nonestop and I believe that the all time high of bitcoin price will be broken a few months after halving.
Nothing volcanic is happening - it's a pump and the "action" is happening purely on the exchanges. If you look at the chart for transactions in the last 24 hours, it is about 245,000, which is where it has been for months. There is no new adoption or new users in that statistic. https://bitinfocharts.com/comparison/transactions-btc.html |
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r/btc isn't "full of haters".
It is just uncensored and people write what they want. You should read BOTH r/btc and r/bitcoin plus r/bitcoinmarkets to get a truly rounded view of the crypto space. Those who talk only with people who agree with them end up missing important information.
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Stephan Tual, one of the creators of the DAO, stated on the DAO slack channel:
The DAO will be winded down completely and transformed into a simple contract where you can only withdraw. Its shutting down but as no ether was stolen and no ether was spent, nothing was lost.
Nothing lost at all , besides the credibility of the developers , and of the project in general , and also the large drop off in value.... ... and the future value due to loss of credibility , but other than those things , nothing at all lost. And the huge liquidity pump which maybe enabled some insiders to cash out. And possibly someone with prior knowledge of the coming fiasco made a lot of money shorting, so if so then isn't true that no ETH was "stolen". I don't know about prior knowledge, but from the ether subreddit, some people could clearly see that the DAO was being drained, they posted about it to alert everyone, and then probably shorted to hedge themselves if they had Ether in the DAO, which is common sense really. |
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Down 35% today....Hahahahahaahahahahaha
Go Bitcoin
And more during the next weeks . I'm now wondering if it can lose half its value within 24 hours of the hack. The next few weeks do no bare thinking about considering all the coins that will flood the exchanges. Actually it is amazing it hasn't fallen further. I don't know how they can ever recover trust and without trust there is no value. |
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this is not the first time this type of BS has happened.
Vericoin was one of the earlier ones if not the first to implement a HF to get stolen coins back.
Talk about central planning.
The Vericoin thing was down to the Mintpal hack, wasn't it? And the coin kinda died when they rolled the blocks back. The worst thing about the DAO hack is that they knew about the problem last year and didn't fix it. If they'd mended it before they raised all that money, all would be well. Whose idea was it to give the fix a low priority? |
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I voted "fearful".
I've sold some of my coins. It has gone up just too fast to be sustainable.
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Diversify!
You should be well aware that crypto is NOT investment, it is pure speculation. With the great opportunity for profit comes great risk. Risk and reward are HIGHLY correlated in financial endeavors.
If you paid "tuition" today, learn from it.
Also take profits from time to time. No-one got poor from taking profits! |
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Ethereum is fine, they said, it's the next Bitcoin, they said...
This is definitely the end of them, though holders will take some time to accept it. Digital money only works if the code is secure. If it is not, it's a crap-shoot. |
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It's dead that is what..
No one is going to trust it now that it's been hacked that bad !
People will still make a distinction between DAO and ETH, won't they? Ether seems to have already recovered quite a bit. I think it's over. There is a difference between exchanges being hacked (these are local businesses) and the code of a coin being over-written, and DAO was a contract written on top of Ether. This was fundamental, and I understand that the flaws were first pointed out in 2015 but nobody bothered to correct them. The conclusion - robust code matters, and coins that have stood the test of time (bitcoin but also ltc and doge) will win over stuff that is clever-clever but turns out to have built in flaws. |
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I noticed that almost all Bitcoin exchange websites I know have a withdrawal fee.
So, I want to know if there are websites that have not this withdrawal fee.
If the coin has a minimum fee to get onto the blockchain, the exchange will charge it. Otherwise they'd be taking a loss and why would they want to do that? |
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It's been a known problem publically since June 9th. If I can find the link I'll edit this post. Additionally (I could be wrong on this) the DAO requires two weeks of voting to correct such flaws. On another thread they said this was a known issue since 2015. Which means they had months to sort it out and didn't bother. Shoddy, shoddy, shoddy. |
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Thanks. How can open-source code get over-written like that? Was there no peer review to make it robust? I thought the whole point of making code open source was that everyone could look at it and find flaws? Yes, saw somewhere that that particular vulnerability has been described in 2015, I guess people didn't pay it enough attention. You can read everything about this hack and mitigation here: https://www.reddit.com/r/ethereumThat's pretty shoddy. I guess they should have spent less time marketing and more on sorting known bugs. This is a death knell - people accept exchanges etc being hacked because they are localised events, but not the actual code on a contract. Back to the drawing board for the Next Crypto to Replace Bitcoin! |
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