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4341  Alternate cryptocurrencies / Altcoin Discussion / Re: Why SPOETNIK is a real GEM in the altcoin discussions on: June 04, 2016, 02:41:06 PM
He's not going to be so shy and retiring now that he knows he has a fan club!  Grin
4342  Other / Politics & Society / Re: Paris floods threaten 250,000 priceless Louvre artworks on: June 04, 2016, 02:38:33 PM
Surprising. Had these floods happened 30 years ago, then the damages would have been understandable. But how something like this can happen in the 21st century? The technology has advanced so much, and still the French authorities were not able to predict the impending floods and take the necessary mitigation measures?

What has technology got to do with the climate? the 21st century has seen far more violent swings in climate than the 20th century - lots of rain coming down in a short time, alternating with drought. Nothing technology can do about excessive rain...
4343  Other / Politics & Society / Re: “Five Presidents” EU’s Jean-Claude Juncker Drunk in Public, Slaps Leaders on: June 04, 2016, 02:36:24 PM
I'm truly amazed he got the job of President of the Commission - what were they thinking?
4344  Economy / Speculation / Re: Halving: Buy the rumour, sell the news? on: June 04, 2016, 12:37:43 AM
...Is that what's happening right now? The classic age-old investing advice? Everyone's buying like crazy on the "rumour" in preparation for a big dump on the news? It would have to be a pretty big dump to counter-act the sudden mining supply halving, but whatever, sentiment can be pretty strong in either direction.

 Grin

If you are in profit, then it makes sense to realise some of it. That way you won't feel bad if it tanks. If you bought in at $200, then sell half, and at least you will have got your initial capital back, and the rest is just a fun gamble!

I think it was the Rockerfellers who said "No one ever got poor by taking profits".
4345  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Whats with the trend and 18% plus LTC difficulty drop? on: June 03, 2016, 04:22:46 PM
I think scrypt miners have switched to mining Ether, and that's the reason for the drop... Once Ether goes POS, the scrypt miners will return to LTC
4346  Bitcoin / Bitcoin Discussion / Re: CFTC Fines Bitcoin Exchange Bitfinex $75,000 Over Trading Violations on: June 03, 2016, 04:19:23 PM


Frank1 a little update from September 2015
http://www.coindesk.com/cftc-ruling-defines-bitcoin-and-digital-currencies-as-commodities/

And guess what .... They started to investigate bitfinex on September 2015



Well spotted. The takeaway from this is that any exchange anywhere around the world, is regulated by CFTC if they have American customers...
4347  Bitcoin / Bitcoin Discussion / CFTC Fines Bitcoin Exchange Bitfinex $75,000 Over Trading Violations on: June 03, 2016, 03:05:06 PM
http://www.coindesk.com/cftc-bitcoin-exchange-bitfinex-trading-violations/

Quote
Hong Kong-based bitcoin exchange Bitfinex has settled with the US Commodity Futures Trading Commission (CFTC) following an investigation into its financed trading activities.

Bitfinex settled charges that it offered illegal off-exchange financed retail commodities trading, as well as failed to register as a futures commission merchant. Bitfinex did not admit or deny the CFTC findings, the agency said today.

According to an order published today by the CFTC, the issues arose owing to how Bitfinex held functional control over funds tied to leveraged or margin trading on the platform. The CFTC said that because no actual commodities were delivered by Bitfinex to its customers – the private keys tied to the applicable bitcoins remained under the exchange’s control – it was in violation of the Commodity Exchange Act.

Bitfinex will pay $75,000 in civil penalties, according to the order, and has moved to change its internal policies and avoid further violations of the Commodity Exchange Act.
4348  Economy / Trading Discussion / Re: How to LEGALLY withdraw bitcoin to Credit card? on: June 03, 2016, 02:59:19 PM
One option is to open an account with either Xapo or Coinbase as both issue pre-paid cards, so you can transfer your coin to the cards and spend.
4349  Other / Politics & Society / Re: Tech Giants Vow to Tackle Online Hate Speech Within 24 Hours on: June 01, 2016, 08:24:10 PM
i dont understand how that is possible to tackle this issue. they could block certain words for sure, other than that i dont think so they could monitor everything  Wink lets see how they are going to tackle this thing without any issue. since its a fine balance between freedom of speech

You'd be amazed how good the software is at telling what a tweet is about. Look how well email providers detect spam and drop it in your spam folder - they simply need to employ similar algos on hate speech, to get the same result.
4350  Economy / Speculation / Re: Is trading just a form of gambling? on: June 01, 2016, 05:02:38 PM
A small group, maybe 10% make genuine profits with genuine skill. The other 90% lose, and they lose money to the 10%. Trading is a zero sum game, it's not possible for everyone to be a winner.
4351  Other / Politics & Society / Re: Rise of Ad-Blocking Software Threatens Online Revenue on: June 01, 2016, 04:33:44 PM
Create your own ads in-house and feed custom images and jump links hosted on the sites you run for your visitors.

Yup. This will be the solution - instead of using intermediary advertising networks that are easily blocked, just create your own ads. The development of ad-blockers will just remove the middlemen.
4352  Bitcoin / Bitcoin Discussion / Indonesian E-marketplace enables bitcoin payments on: June 01, 2016, 04:26:12 PM
https://www.cryptocoinsnews.com/bitcoin-payments-enabled-indonesian-e-marketplace/

Quote
Users of KinjeraPay Corp., an Indonesian e-commerce platform will now be able to settle transactions on the marketplace with bitcoin.

In an announcement today, the Indonesian marketplace revealed a partnership with Bitcoin Indonesia, a digital currency exchange that enables buying and selling bitcoin with the local fiat currency – the Indonesian Rupiah.

With the newly enabled feature, users will be able to pay for utility bills, make money transfers and buy products sold on the platform, with bitcoin.

The move to enable bitcoin payments underlines the potential of bringing in the user-base of a growing community to transact and pay for normal bills with the cryptocurrency, for the first time in the country.
4353  Other / MultiBit / Re: Fees keep increasing while sending payments in Multibit on: June 01, 2016, 04:22:14 PM
You need to let your inputs age, and if they are small inputs, even if they are years old, they will still require a high fee. It's part of the anti-spam feature of bitcoin (to discourage small inputs) - bitcoin isn't really designed for microtransactions no matter what people claim.
4354  Alternate cryptocurrencies / Altcoin Discussion / Re: Basic common sense advice for new people buying coins. on: June 01, 2016, 01:49:45 PM
Make sure the coin you are investing in is on more than one exchange. It is a danger sign if it is just on one exchange - that usually means that volume isn't high enough for the others to add it. And if the only exchange it is on is bittrex, then panic a bit more as the trex is notorious for delisting coins the minute the volume drops. At which point you will be the proud owner of coins listed nowhere.
4355  Economy / Exchanges / Re: Poloniex Account Hacked [Account Locked] on: June 01, 2016, 01:19:28 PM
The same thing happened with me but luckily i got saved as i only used to mine some altcoins like bytecoins and pretty much more and their value is less than 100 satoshis.  Tongue.. As you said in the main OP i also received a successfull login email from poloniex with Ip address from Russia. I will be providing more details with screenshot soon.

Though I am secured now as i have enabled 2FA
thats remind me when i got bruteforced by someone in my poloniex account,a mail which contain a confirmation link always popping up in my email until i changed my password,i wonder where he got my email from but gratefully i have different password for every site

If you used that email address on MtGox, Mintpal, Cryptsy or bitcointalk, then it  is on a list somewhere being traded. Your only protection is making your passwords completely different and 16 characters long.
4356  Bitcoin / Bitcoin Discussion / Re: ShapeShift Offline After Hack on: June 01, 2016, 12:30:21 PM

That's what I assumed how it works. The model business is that hey offered a way to exchange coins without having to deposit them, which would make the risk of getting your coins stolen impossible. The profit they would make, is from the fees of the transaction. Now, what I assume that was stolen, is this amount of fee money they made (their money) and not anyone's elses money. In case im wrong then someone please explain it better.

You are correct - it was their profits from fees that were stolen. Props to Voorhees for sharing the detail of the story - that way other exchanges can improve security - such as getting an external security expert to audit weaknesses and sweep the servers for trojans such as the one "Bob" placed in the Shapeshift set up.
that does make sense as long the external security expert is a trusted person,if they'd hire a person with fake data, all their effort will end up losing ton of money again,even with all of possibilites from being hacked because "none of securities are perfect"

This. What brought down Mintpal is that the owners decided to hire someone (Moolah) who appeared to be a trustworthy person, but as soon as he was put in charge of managing the site, he looted it.
4357  Bitcoin / Bitcoin Discussion / Re: One hour and 24 minutes and no new block ... ouch on: June 01, 2016, 12:27:19 PM
I'm starting to believe that despite the delays in transactions confirming, the blocksize thing will never get resolved. Because it's now about people's egos and not losing face.

Move your money using an alt, there isn't really any other option unless you want your hair to go grey with frustration.
4358  Bitcoin / Bitcoin Discussion / Re: transaction speed of Bitcoin as users increase on: May 31, 2016, 04:39:28 PM
I am sure this must have been asked many times but please help me understand. what will happen if one billion people were to use Bitcoin as their currency of choice, will the infrastructure be able to handle the traffic and will the transaction speed become extremely slow?



The infrastructure as it stands won't be able to handle it. But people will just use alts to move money instead (because now most exchanges feature Ether and LTC).
4359  Other / Politics & Society / Re: Tech Giants Vow to Tackle Online Hate Speech Within 24 Hours on: May 31, 2016, 03:39:38 PM
They'll probably do this using an algorithm that searches for "trigger" terms. Which will result in people substituting/inventing other words and just carrying on...
4360  Economy / Speculation / Re: My thoughts on BTC halving on: May 31, 2016, 01:49:48 PM
I agree, this whole halving hype will leave so many in the community burned...
We might see a crash never seen before and even stagnation of the entire network.
Sad it has come to this.


I've seen every of your post since April. Please stop to create panic into the community.

The problem is that those of us who saw the massive pump of early 2014 saw people getting burned as the community egged each other to buy at the top and tried to silence anyone who offered any warnings. As though silencing opinion affects the price (it didn't, it just meant that noobs got fleeced).

Be careful people. Normal adoption doesn't see prices just by 25% in a month, it would be more like 1% a month. The way pumps work is that they lure people into thinking it is a one-way dead cert investment, and as the noobs buy at the top, the pumpers slowly sell to them at inflated prices.

No-one ever got poor by taking profits. Each person needs to assess their own bitcoin portfolio, because everyone will have bought at a different price. If you are in the black with some of your coins, sell a small portion so that if the price falls back you won't feel bad or disappointed.
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