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4501  Economy / Service Discussion / Re: end of genesis mining ? on: September 15, 2017, 10:41:24 PM
4 day in a row no payout .

friends that invest on ETH did not get their payout in the last 4 day.



How much hashing power did he buy in his contract?

If it was something small then it could be possible that Genesis Mining is going to consolidate all the previous payouts into a big payout in the future because the payouts are so small that it's not worth it for them to send it since tx fees will exceed the actual amount/the payout is below dust limit.

But they have indeed received lots of complaints recently and i would not invest in them with my own btc.

Contact their support, and see what they say.
4502  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: September 15, 2017, 10:20:23 PM
We have run out of chips again. New chips are being prepared. We need to find a better solution.

Our current ideas are:
a - kind-of traffic light that will show when chip level is too low - green ok, yellow under 50 BTC, red under 10 BTC
b - massive chip pool increase - that would require to open up for investing and that would require to set flat fee instead of donations

What do you think about both ideas?

Honestly, i would say that b would be the best option to go with at the moment.

As long as the fees stay competitive compared to other mixers then it should be completely fine. Having investors would be nice as well, and chipmixer could open up investing for everyone. Previously, bitmixer had a pretty high minimum which meant that only whales could invest.

If this minimum could be reduced then chipmixer can definitely attract a lot of investors, and thus solving the chip shortage issue.
4503  Other / Meta / Epay.com spamming topics all across the forum on: September 13, 2017, 10:45:47 AM
User in question: https://bitcointalk.org/index.php?action=profile;u=1047112;sa=showPosts

Looking at his recent post history he is essentially advertising his business all over the forum. Whilst this alone is not harmful, the sheer amount of replicated and duplicated threads containing the same information, posting in different sections is unacceptable.

It does make it seem desperate that he wants customers as well, and doesn't make him seem trustworthy Roll Eyes

Anyways, does he deserve a ban?
4504  Economy / Service Discussion / Re: Anyone ever tried www.escrowprivate.com? legit? on: September 13, 2017, 10:28:46 AM
Hi Buddies, anyone ever tried www.escrowprivate.com?
is it legit?

can't find any review or recommendation for it anywhere.

Completely new site with no major promotions going on.

I would not be surprised if it is a site used by scammers in order to gain trust of unsuspecting newbies thinking that they are going through escrow when this site is owned by the scammer/the scammer's partners.

I could be wrong and the site is legit but why risk it at all when you've got proven escrows on this forum that is capable of holding very large amounts?
4505  Economy / Reputation / Re: Gameristo..what are you doing, bro? on: September 13, 2017, 08:49:34 AM
I personally find this sort of activity extremely shady.

He is most likely using Stealth paypal accounts as well which means you never are trading with his main account. It seems dodgy that he is trying to do payments from two accounts, instead of one as well.

Seems like he has done the same sort of thing to what1005: https://bitcointalk.org/index.php?topic=1992018.msg21780947#msg21780947

Thankfully i didn't trade with him. I was going to contact him and look for a deal but decided against it when i saw his post history. Be extra careful with PP, man.
4506  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a Fraud Says Jamie Dimon - JPMorgan CEO - WTF!? on: September 13, 2017, 08:41:22 AM

He has a clear conflict of interest.

He is a pro-central banker which means that he has every interests in seeing bitcoin fail and tumble to the ground. He seems to have no understanding of how bitcoin works though. "Someone will get killed"? This is ridiculous. Even if bitcoin falls to the ground, people can still make transactions on it and nobody will get killed Huh

This does seem to be causing the latest panic dump, though. Not sure why everyone's taking him so seriously. Even though we are in a bubble right now long term btc will still be going up.

Indeed, since his business is in financial instrument,investment and lending. It will be much affected by bitcoin per se and as a pro banker then its very opposite to bitcoin. He is promoting his interest here in my opinion.

Exactly what i mean...

As i have said:

- This has absolutely no proof to back it up
- He has interest in seeing bitcoin fail and bitcoiners panic, because bitcoin is a direct competitor of big banks and central banks.
- Even if bitcoin does drop, it's not surprising. The price of bitcoin is in a bubble. However it does not mean that bitcoin is a fraud.

He probably holds some short positions for bitcoin as well, because he knows he can use his influence to cause a major stir in media that temporarily causes a dump in the bitcoin community.
4507  Economy / Speculation / Re: What will Bitcoin be worth in 5 years? on: September 13, 2017, 08:31:48 AM
What are your predictions?

In 5 years time I think that the price per bitcoin should be at least $8k which is double the price level from now, if not more. It should be easily $10k+ by the time that the year 2021 is finished.

The biggest pumps usually come 1 year after the halving(2013, 2017, etc.). And that pump usually triples the previous all time high price, or even more in 2013.

I think that going into the next decade, bitcoin is going to gain a lot more followers as well. Therefore, price going to $10k+ as i said should not be a worry at all. Matter of when in the next 5 years.
4508  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a Fraud Says Jamie Dimon - JPMorgan CEO - WTF!? on: September 13, 2017, 07:59:34 AM
Okay this is crazy and I want to know the community's thoughts on this...

Here is a man (Jamie Dimon) who has spent his life at the center of some of the biggest scandals in the history of the world (banking, derivative trading, asset default swaps, etc.)... making claims that Bitcoin is a fraud.

He says "It's worse than tulip bulbs. It won't end well. Someone is going to get killed".

Is this surprising to anyone at all? The banking industry is MOST threatened by Cryptocurrency and this is only going to intensify as more and more people adopt Bitcoin and other cryptos. I'm alarmed at the arrogance and pure double-standard of these elite bankers. They can all go to hell as far as I'm concerned...

Here is the article if you want to read it yourself:
https://www.c[Suspicious link removed]m/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html



He has a clear conflict of interest.

He is a pro-central banker which means that he has every interests in seeing bitcoin fail and tumble to the ground. He seems to have no understanding of how bitcoin works though. "Someone will get killed"? This is ridiculous. Even if bitcoin falls to the ground, people can still make transactions on it and nobody will get killed Huh

This does seem to be causing the latest panic dump, though. Not sure why everyone's taking him so seriously. Even though we are in a bubble right now long term btc will still be going up.
4509  Economy / Exchanges / Re: Poloniex still the best? on: September 13, 2017, 07:51:43 AM
Many users have recently been facing many issues with poloniex and with the new terms many traders switched to bittrex or any other exchange. Bittrex volumes increased significantly but poloniex noticed that and started listing so many coins in a month like cvc , zrx , etc to still be best.
Another instance is 1 month old but makes sense it is bch or bitcoin cash whatever you call , mostlt every exchange credited it users bch and the price was going up and down but finally it ended up at $350. On 14th august poloniex credited it's users just after 3 days of listing it the price rose to $500 and then continued and became stable at $600+ few days back nothing else happened during this duration.
Let me know your thoughts am i right or just exaggerating.

Reference: https://coinmarketcap.com/currencies/bitcoin-cash/historical-data/?start=20170613&end=20170913

Poloniex is by no means the leading trading platform for cryptos now.

Bittrex is consistently in front of poloniex in terms of volume and poloniex active customer base is most likely defecting to bittrex as well due to the fact that they have virtually no support to help you in the event of something oging wrong.

I would not recommend anyone to start using poloniex again. Them adding new coins whilst ignoring old tickets makes them seem even more scammy.

P.S. move this to exchanges under service discussions.
4510  Bitcoin / Bitcoin Discussion / Re: If China Bans Bitcoin Exchanges, will they also ban Bitcoin mining? on: September 13, 2017, 07:21:31 AM
So, recent news that China is either going to ban bitcoin exchanges, or they already have ... If that's the case, will that include miners?  Or will mining become pointless if they can't exchange BTC to pay their expenses?  I keep hearing that China has cheap energy, so I was wondering all along if China would discover these energy hogs and either tax them, or shut them down.

What sort of effect would this have on Bitcoin mining if China gets shutdown?  Catasptrohic? Or the difficulty goes down and we get on fine without them? 

There has been no word from actual regulators regarding the rumours. Thus we can probably take the news as just FUD.

Even if China does ban all exchanges then trading will just move to P2P - this is the beauty of bitcoin as it is decentralized, and people can trade it without a centralized platform(since there is no single point of failure). Shutting down exchanges does not shut down all trading activity.

I don't think that they will ban bitcoin mining. Firstly bitcoin holding is still legal. Secondly there is no way for them to actually enforce their rules.
4511  Economy / Exchanges / Re: Are you still using Bittrex? Do you identify yourself to be able to withdraw? on: September 13, 2017, 07:14:17 AM
Well i've definitely heard others complain about them having to submit verification in order for them to be able to withdraw from Bittrex, however personally i have not actually been asked for any sort of ID even though i'm constantly withdrawing 0.1 BTC or more.

I have no idea why this is the case, maybe it's because my account was set up when bittrex was still young, though they have no official rule about this in their FAQ.

I wouldn't take the risk of having a lot of money on bittrex if you aren't comfortable with ID verification. Not worth it, use shapeshift instead which is guaranteed to be anonymous.
4512  Economy / Speculation / Re: Bitcoin price will rebound tonight according to theory! on: September 11, 2017, 10:48:31 AM
As long as the Chinese news is confirmed to be false then i think we could see $6000+ levels. Even if there is no response from the Chinese government, but the FUD dies out then we could still see $5500+ levels.

Anyways i don't think that this is real news. Exchanges haven't received anything from the government that indicates that in the future anything is going to be different. That's the first sign of market manipulation by press.

The rebound was already in place, until Bloomberg released another article, and the price plumetted again. I would expect tomorrow price be up to at least $4400 once again.
4513  Other / Off-topic / Re: Are bitcoins only for the educated and knowledgeable people only? on: September 11, 2017, 10:23:11 AM
For me, it isn't. We have different talent and knowledge on how we give and do stuff that we love. Bitcoins are for everyone and we have the chance to try or even have this to earn and save money for our future.

How about you guys? Is it only for the educated and knowledgeable people only?

Well right now, the early adopters are definitely mostly well educated people.

The fact is that lower socio-economic classes simply do not have the time or effort to even think about why decentralization is needed - all they are focusing is on their immediate needs and wants. Also, even though bitcoin has improved a lot since the early days as to usability, there is still a lot of technical stuff that needs to be understood in order to use bitcoin.

In the future i think that the trend will emerge as being people trying to market bitcoin to the masses by designing new, non-technical interfaces for users that simplify the experience. Then, bitcoin can be used by anyone regardless of their background.
4514  Economy / Web Wallets / Re: Coinbase wallet on: September 11, 2017, 10:12:53 AM
By no means is coinbase a secure wallet.

They may be  aconvenient wallet to use but then if they get hacked or whatever, then you and your funds are completely screwed. Since you have no control over your own private keys whatsoever, it is extremely easy for them to deny or suspend access to your account/funds.

There is no perfect wallet per se, i think that you need a mix of convenience and security. I would go with either blockchain.info if you prefer a web based wallet or electrum for desktop wallet.
4515  Economy / Speculation / Re: BTC Trend on: September 10, 2017, 06:15:16 AM
BTC Next day (or Next week) Up or Dn?
BTC/USD Weekly:
and BTC/USD daily:

How about you?
 


It could just be a bump in a road to a higher level like 6-7k but i think it depends a lot on whether or not this news about China banning all exchanges turns out to be legit or just plain BS.

Long term as talkbitcoin said, it's always going to be up.

However i don't think that we can go up much further because we are pretty deep in the bubble right now. If things don't get better soon we could potentially go back to $3k or thereabouts, it's just how volatile things are in a bubble economy.
4516  Economy / Exchanges / Re: BTCChina Exchange is operating normally; no new directives from regulators on: September 10, 2017, 05:50:24 AM
BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

IF there was any sort of ban on exchanges what would be the deadline for the Chinese government to announce that sort of thing? Or will they just do so without any sort of warning to you guys?

I honestly do not think that the Caixin report is accurate. They either misinterpreted what the guy was trying to say or they are just making news out of thin air. It's weird that no exchanges have been notified by the government, if it were to be true.

Anyways thanks for letting us know and please do keep us updated on the issue.
4517  Economy / Service Discussion / Re: Thoughts on YoBit? on: September 10, 2017, 03:44:33 AM
Don't use it. They are most likely running ponzi schemes as well, with their YOVI coin and the new investbox thing. It is a very riskiy proposition to use them as a wallet service.

What are your needs anyways? If you are just here to trade big altcoins like Ethereum or Dash, then they are pretty much listed everywhere. It's not like yobit is the only exchange that allows Dash to BTC trading or ETH to BTC trading.

If it's only that, then use Bittrex. Even when you use bittrex, make sure you do not ever store more than 1 BTC or more in your account for a prolonged period of time.
4518  Economy / Service Discussion / Re: Is there any Forum/ website, where Crypto currency traders share their views??? on: September 10, 2017, 03:20:29 AM
Is there any Forum/ website, where we will have Cryptocurrency traders share their views on daily basis for intraday trading? Huh

On this forum there is a speculation section. Anyone can post their own views(even yourself). Just watch out for people trying to spread FUD or posting outrageous predictions that are obviously biased/incorrect.

Personally i avoid tradingview as it doesn't take into account any of the outside influences but rather only looks at chart analysis. I think that this is really lacking in accuracy as anyone can say btc will go up to $10k without justification.

There are also Skype and telegram groups which you can find fairly easily if you ask around.
4519  Economy / Service Discussion / Re: Is this Cloud Mining site a scam? on: September 10, 2017, 12:59:39 AM
Hi, I recendly found this website and i'm interested to know if it withdraws or not. This site is called Ilivion and I didn't get information about it, only on youtube but nobody is saying that this is a scam.
Same thing for Scheriton.

Someone is using this websites? Does it pay?

I found some videos on YT that are showing withdrawal proofs.

Use your logic. How is it possible for them to guarantee you a stable income when other legit cloud mining services are having trouble even returning the investor's initial investment? It's obvious that they are either an outright scam or a ponzi.

There are a lot of youtubers out there that are trying to get you to use their affiliate link so that they can earn money. I would stay clear of any "cloud mining" sites that offer you any sort of guaranteed income that is many times higher than bank interest.

It is just not sustainable and even if they pay now, they won't continue to pay you.
4520  Economy / Service Announcements / Re: ConfirmTX.com's Free bitcoin transaction acceleration & New Block Notifications on: September 10, 2017, 12:53:12 AM
I actually tried out the service for free(why not) with a transaction that had less than 100 sats/byte as a fee.

As soon as btc.top mined the first block after i submitted the transaction, my transaction was included in that block. So i'm now fairly confident that they are at least not bullshitting as the chances of a coincidence is extremely low.

Anyways confirmtx you should really just get like some sort of tangible proof from any of the pools you are working with to avoid speculation.
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