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4221  Bitcoin / Bitcoin Discussion / Re: Is there evidence that Roger Ver spammed the BTC Network? on: November 14, 2017, 09:59:49 PM
But take a look at this.. there are more than 30 transactions per second, this is more than visa and mastercard.
There's more like 3 transactions per second, which is several thousand times less than visa or mastercard.
There is no evidence, but if we look at the facts, it is obviously that he is doing it in order to spam the network
There's no point in being certain about something without evidence.  If you see that someone was in court having been accused of someone, the judge can't just say "well, he did look like a dodgy character - let's chuck him in jail". 

When you talk about this you should at least be tentative.  I suggest saying things like "[Person X] could be doing [Action Y] because [Reason Z]".
Heck, let him pump it again...we can all ride the pump, make some money and bail back to Bitcoin.
No you can't, because you don't know where the top is.  If everyone tried to do that, the net profit would be zero since it's a zero-sum game.
4222  Bitcoin / Press / Re: [2017-11-14]Chinese officicals ban using state energy for mining on: November 14, 2017, 09:18:51 PM
The Chinese government wants to use that electricity for something else.
Or they'd just rather sell the electricity (which is produced in the public sector) to groups doing things which they regard to be more important.

Regardless, whether this news is true appears to be a tad more complicated than just "the Chinese government bans mining Bitcoin with state-generated electricity".

As it is, mining could become more difficult due to the difficulty of trading BTC on exchanges.  The OTC market may have to grow to handle this demand.
4223  Bitcoin / Bitcoin Discussion / Re: Is mining the number 1 problem of Bitcoin right now? on: November 14, 2017, 08:57:57 PM
right now a single miner, Jihan Wu, control 50-60% of Bitcoin hashrate.
This is almost certainly false.  BITMAIN control Antpool and BTC.com, giving them about 30% of hashrate, plus whatever miners they control directly.
That give him the power to play games with the network like what happen with bcash hashrate flipping
That would happen with smaller miners as well.  They're likely to switch and mine whichever coin is most profitable at the time.

Notably, BITMAIN do not fully control the hashrate that is being directed at their pools.  If they were considered to be part of a 51% attack (for which they would have to bond with other pools controlling significant amounts of hashrate), people would just switch to a different pool.  Confirmed transactions would still be safe regardless.
4224  Bitcoin / Bitcoin Discussion / Re: How to buy and keep purchased coins safe even if you know your PC is hacked? on: November 14, 2017, 08:11:38 PM
1. What would then be the safest procedure and method to create and store the cryptocurrencies I intend to purchase with the knowledge even if someone is watching or have planted keylogger virus, that's all they can do but can't steal it?
Use a paper wallet, airgapped PC, hardware wallet or any other system which doesn't involve exposing your private keys to the Internet at any time.
2. What are the pros and cons here?
Should be pretty clear, but okay.

-It's convenient
-It's possible that you could lose some of them but not others
-An attacker who knows what funds you have might find it easier to take your wallet if there's only one
-Con - the fact that you're buying these tokens anyway.
4225  Bitcoin / Bitcoin Discussion / Re: Show me one TECHNICAL advantage of Bitcoin on: November 14, 2017, 04:34:57 PM
The benefit of Bitcoin is security.

Other cryptocurrencies tend to introduce updates more experimentally because they are trying to find a way to be interesting and different to Bitcoin.  However, in doing so they forget the importance of proper development teams, code testing and generally being conservative when it comes to altering software.

Also, even though this one is a self-fulfilling prophecy of sorts, it's still valid to suggest that BTC's existing popularity makes it drastically more secure and increases the resources required for 51% attacks or other attacks on the network.

It's not like funds can just shift from crypto to crypto by the day.
4226  Bitcoin / Hardware wallets / Re: Addresses that begin with 3 in Trezor on: November 14, 2017, 04:15:17 PM
Addresses beginning with three are P2SH addresses.

In this case, your TREZOR is using it for accepting SegWit transactions.

TREZOR has SegWit transactions on new wallets by default.  You can also continue to use your "legacy" wallets (in which you have P2PKH addresses beginning with a 1), if you don't wish to use SegWit.
4227  Economy / Exchanges / Re: Coinbase charges are too high who notice it? on: November 12, 2017, 06:19:46 PM
Coinbase have a dynamic fee system in order to ensure that your transactions get confirmed in a fairly timely way.  It's not them that has high fees, it's the BTC network to have a transaction confirmed in the next few blocks.

I'm pretty sure you would be complaining even more if you sent transactions that never got confirmed or that took a very long time. 
Just pay the right fee according to the current fee you can check the right fee here https://bitcoinfees.info/
I'm pretty sure you can't customise your fees with Coinbase.

That also doesn't appear to be a very good site.  A better website that shows you all the possible options is here.
4228  Bitcoin / Press / Re: [2017-11-12] Xapo: Biggest Bitcoin Companies Could Move to Bitcoin Cash or Eth on: November 12, 2017, 06:06:01 PM
It seems that Xapo, Coinbase, Bitpay and Blockchain.info have collectively decided to throw everything they've got at bullying or blackmailing Bitcoin users into accepting their ideas for developing Bitcoin.
The closest thing they're doing to "bullying" or "blackmailing" anyone is suggesting that people might decide to use a different crypto.
Xapo still bitcoin only & will implement SegWit but wouldn’t waste your time pressuring the others.
It's not exactly "blackmailing", is it?  It's not like they're saying "sell all of your BTC for BCH or we'll murder you" is it?
And all this, despite having their own special crypto (Bitcoin Cash) that gives them everything they want, and yet they're still not happy. Which makes one question what it is they really want...
They want their cryptocurrency to become more popular, because they consider it more convenient for their users.
4229  Bitcoin / Bitcoin Discussion / Re: If every bitcoiner owns bitcoin cash, why all the fuss? on: November 11, 2017, 11:02:49 PM
-People who bought in unusually late (after August 1st) do not own Bitcoin Cash.
-Some people decided to sell or otherwise use their Bitcoin Cash.

Why does it matter if bitcoin cash over takes bitcoin, if everyone who owns bitcoin got free bitcoin cash coins? If bitcouin cash will be valued more, you will still have the money.

It is under centralized control
This is false.  Whether or not you believe that max block size increases could potentially lead to centralised control is irrelevant.

Bitcoin Cash's blockchain is actually smaller than Bitcoin's, because it has processed drastically fewer transactions than Bitcoin since the time of the fork.  The notion that it's under "centralised control" is ridiculous.  The closest thing you could suggest is that a select group of individuals have a lot of power over most people deciding to use it.
4230  Bitcoin / Bitcoin Discussion / Re: A user donated thousands of bitcoin to hundreds of schools and organizations on: November 11, 2017, 10:42:10 PM
It isn't all about getting rich.
Yeah, it isn't all about getting rich.  It's also about other people getting rich!

Pretty weak justification for suggesting that BTC is less speculative.  In order to argue that, you'd have to provide reasonable evidence for its use in merchants, or reasonable evidence that it has some other purpose driving the price increase.

There's also no guarantee that these organisations held the coins throughout that time - after all, they were supposed to actually use them.
4231  Economy / Speculation / Re: Bitcoin Is Meant To Bubble! on: November 11, 2017, 12:12:51 PM
Pop implies it'll never come back. Once a bubble pops it's gone forever. You don't believe in Bitcoin?
That's pretty dumb.  If a bubble pops, you're left with a more stable price in which a lot of BTC owners are actually spending at merchants or doing useful things with their coins.  If there's speculation and not a bubble, then the speculators are actually comfortable HODLing and they're not just emotionally unstable newbies.
Will there be down days, weeks, months, or years? Yes.

Will bitcoin cease to exist? No.
Coming out of a bubble does not make something cease to exist.  You clearly have no idea what a bubble is.

I'd also like to distinguish between BTC being "a bubble" and "in a bubble".  People here are saying "a bubble", but what they really mean is that Bitcoin is "in a bubble" and therefore that BTC does not always have to be in a bubble.
4232  Bitcoin / Bitcoin Discussion / Re: Bitcoin no bubble, says investor with $213 million stake on: November 11, 2017, 11:05:08 AM
Bitcoin no bubble, says investor with $213 million stake
I wonder what incentive he would have to say that? /s
“The price fell 10 to 20 percent on the news but I thought, ‘That’s nothing, it should have gone to zero,’ ” Draper said in an interview at WebSummit 2017 in Lisbon.
Draper clearly has an extremely volatile personality.  If he's switching between claiming that it should drop to zero and claiming that it should rise to stupidly high prices, he clearly opens his mouth before consulting his mind.
“This is the greatest technology since the internet,” said Draper, a lanky man wearing a red necktie festooned with bitcoin symbols. “This is a sociological transformation, it’s a movement.”
Just to clarify, the Internet was a great technology but that didn't mean that everything related to the Internet deserved to be bought in huge amounts or that it could never be in a bubble.  That's how Internet companies got into such a massive bubble.
4233  Bitcoin / Bitcoin Discussion / Re: What does hardforks do to the value of bitcoin? on: November 11, 2017, 10:28:50 AM
As the topic says, can anyone please elaborate for me what Hardforks do to the value of bitcoin?
If people are misled into believing that the hard fork is "free money" and that it'll automatically have a value without people actually supporting it, the price of Bitcoin will rise as people are hoping for that "free money".

If the hard fork will cause significant division and confusion in BTC, such as when there's uncertainty over how well it will do or when there's not enough replay protection, the price is likely to decrease.
And in addition, is this a good thing?
It can be irritating to exchanges and a lot of other services when contentious forks happen, but it's still a good thing for people to have the choice of which chain to use.


4234  Economy / Investor-based games / Re: Slow confirmations... on: November 11, 2017, 10:07:22 AM
So i withdrew some money from a not-to-be-named high interest investment platformscam today as I do every couple of days.

The transaction fee used was 0.0004 which should be OK?
Depends on the size of the transaction.  Hard numbers are useless in this context.

For us to know what fee your transaction has in satoshi/byte and to potentially help you out with transaction accelerators and the like, we'll need you to post the transaction ID.
Why is it taking so long?  Usually all my transactions are confirmed within say 30 minutes max?
Demand is exceeding transaction capacity, so there are a lot of unconfirmed transactions.  One potential cause is the huge increase in trading volume over the last couple of days.
4235  Economy / Exchanges / Re: Trouble with Coinbase on: November 11, 2017, 09:42:42 AM
I think they are overloaded and understaffed.
I think they're utter morons.  They're pulling in 1.5% fees on each trade, and they still can't have a functional support team.

What sort of company with several million customers doesn't even have a phone line?  There are even people who've complained about no response after they get their account hacked.

I'm 99% sure they're not a scam, but they should be replacing the "wallet services" section on their website with "dysfunctional exchange".
4236  Bitcoin / Press / Re: [2017-11-09] Coindesk: Bitcoin Gold Sets Sunday Date for Cryptocurrency Release on: November 10, 2017, 10:48:57 PM
the idea behind bitcoin gold is to restrict the use of specialized chips for mining
The idea behind Bitcoin Gold is "you have money, Bitcoin Gold developers and preminers want money, let's all be happy together".
It's also the latest example of a "airdropped" cryptocurrency
An example of a properly airdropped crypto is Byteball.  This is given to Bitcoin holders regardless of whether they want it or not, and while that's okay, it puts a lot of unnecessary pressure on exchanges when plenty of altcoins with ASIC-resistant algorithms already exist.
In comments, the team behind the effort sought to send a signal of confidence to the market, perhaps owing to concerns circulating around the effort.
Perhaps we should all be considering that failing to have a functioning client over two weeks after the supposed fork date could show that their developers are incompetent?
4237  Economy / Trading Discussion / Re: Feeding of a hype on: November 10, 2017, 10:25:05 PM
It's actually very drastically harder to predict those little bumps than you think.  I was naive enough to think that I could do it about a year ago, and I used to try trading based on short term events with this sort of goal in mind.

However, I couldn't make profit without leverage, so with leverage it would be a disaster.

In the case of cryptocurrency, you'll need some very high stop losses and the willingness to give up.  You'll also need to try the sort of trades that you'll be doing many times without leverage before you move onto trying leverage.
4238  Bitcoin / Bitcoin Discussion / Re: Stupid question on: November 10, 2017, 09:57:11 PM
If you buy alts, you are also selling Bitcoin.  So doing so would have the same effect on the altcoin exchange's Bitcoin price that selling Bitcoin for fiat would have on an ordinary exchange's Bitcoin price.

Due to arbitrage trading, the price of BTC on the altcoin exchange that you're selling on would roughly even out with ordinary BTC exchanges, so you would have affected all of the different exchange rates.

Where is the bitcoin going if u buy alts?
Out of Bitcoin and into alts.  Seems pretty self-explanatory.
4239  Bitcoin / Press / Re: [17-11-10] Bitcoin.org Owner Wants to Revise Satoshi’s White Paper on: November 10, 2017, 09:41:44 PM
It would make the most sense to call it "the Bitcoin whitepaper (revised)" and make sure to include a link to "the original Bitcoin whitepaper".

If there are some things in satoshi's whitepaper which bitcoin.org no longer perceives to hold true or which they perceive to be inaccurate, they should make all of the changes transparent.  As long as they don't replace the old whitepaper with the new one without mentioning all of the changes clearly, it's okay for them to make some alterations.

I think people commenting on bitcoin.com and some opponents of this suggestion are being very hyperbolic to claim that it's "rewriting history".  The old whitepaper will always still exist, it'll just be accessed differently.
4240  Bitcoin / Press / Re: [17-11-10]Japan’s Legalization of BTC Led to Rapid Surge in Mainstream Adoption on: November 10, 2017, 09:15:05 PM
The integration of bitcoin by Bic Camera has played a vital factor in triggering the increase in demand for bitcoin as a payment method within Japan, as unlike most countries, electronic retailers process the vast majority of electronics sales in the country, not e-commerce and online platforms.
Shouldn't it be much easier for e-commerce and online platforms to integrate BTC payments than brick-and-mortar stores?  After all, the need for confirmations and the fact that expensive items are much better to buy with BTC makes online retailers far better for accepting BTC transactions.
Currently, Nikkei, a Japanese business and finance news publication, estimates that 4,500 stores accept bitcoin
I don't know how many stores there are in Japan, but with a population of over 120 million people, I would consider 4,500 a pretty small amount and certainly not "mass adoption".

It's also not like BTC is being used for every payment in these stores either.
By the end of 2017, Nikkei revealed that the number could increase by five-fold, to 22,500.
I don't see where this figure is coming from and it seems very unlikely that it would happen that quickly, considering that BTC has been regulated in Japan since April.
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