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4641  Bitcoin / Bitcoin Discussion / Re: The Barry Silbert segwit2x agreement with >80% miner support. on: July 20, 2017, 09:10:33 PM
...I am impatiently refreshing the Coin Dance website every 30 seconds or so, for the last two hours...
https://addons.mozilla.org/en-US/firefox/addon/reloadevery/
Is there a decent Chrome extension for that?  I've been going through a couple of them and they look like they're either paid, spyware or both.
Who said anything about hard fork? That's the next hurdle since BIP91 activates BIP141 which is a soft fork so no users need to adjust their nodes. If 2x goes ahead in 3 months' time and most users remain on core nodes, we have a split where the vast majority of users will be using a client running off a minority hashrate chain.
For all his vocal support of hard forks, he doesn't seem to have figured out what they actually are yet.
4642  Economy / Speculation / Re: What will you do with your 'Bitcoin Cash'? on: July 20, 2017, 09:00:44 PM
Why would they want to fork off if they weren't going to succeed?
Because they'd like to see a chain with larger blocks.  Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited and Bitcoin ABC have all basically failed, despite all the hype they each had for doing the same thing as last time, so the only solution is to fork off without a majority of hash rate.

Major groups backing BU/EC have decided that a compromise is necessary, but they've decided that they want their own chain to play with.
You could equally argue "why did they start Clamcoin if they weren't going to take over BTC?"
The big block advocates, or rather this strain of them as I don't really have a problem with larger blocks, seem to operate in something of an echo chamber of their own construction.
I'm not sure I subscribe to this rhetoric of just bashing the people.

This is absolutely a self-fulfilling prophecy, because Roger Ver is not a coder.  He's just an opinionated public figure.  So by bashing Roger Ver rather than big blocks, you're keeping yourself from joining the "big block" side.  And by doing that, you're stopping any "good" people from moving over to that side, and keeping the majority of people annoying.  It's like when people avoid going vegan because they don't like vegans, or avoid using BTC because it's used on the dark net.

So more than anything it's an echo chamber of everyone else's construction.
4643  Bitcoin / Bitcoin Discussion / Re: Dark market double bubble on: July 20, 2017, 08:41:53 PM
Yeah, well I say there's not enough bullshit tokens made on the Ethereum blockchain, so we need a decentralised dark net market on it.  We should raise about $100 million dollars for the ICO, then mysteriously disappear under the guise of being taken down by law enforcement.
Anyways, I don't really think this is Bitcoin discussion or that it will have an effect on Bitcoin...
A large amount of BTC adoption is on dark net markets.  It's not all of BTC's adoption, but that's the only major place I can think of where everyone accepts BTC and no one accepts fiat.

The "war on drugs" doesn't work anyway.  All this means is that more people move over to Dream Market or something.  Then if Dream Market gets taken down, they'll go somewhere else.

If the situation for dark net market users becomes so dire that they have to leap between markets ten times a day, that's when a decentralised market will pop up.  I'm sure it's possible if people are desperate enough.  In the meantime, dark net markets will just be losing credibility because of states seizing everyone's coins.



4644  Bitcoin / Bitcoin Discussion / Re: Coinbase and GDAX reject JihanCoin, price reacts positively on: July 20, 2017, 08:25:41 PM
I believe the hardfork they are talking about is "Bitcoin ABC"
It's called Bitcoin Cash, and they have the support of Bitcoin ABC.  It's basically the "UAHF" that BITMAIN were talking about.  bitcoincash.org.

I do respect that they're phrasing it like it's an altcoin and their development of BTC.
As soon as we saw the news of the ridiculous hardfork getting rejected by big exchanges the price started skyrocketing, along with BIP91 activation soon lockin segwit.
The price is absolutely no indicator of anything right now.  It's just random and irrational speculation about Bitcoin's future and it makes no sense.

The users of Coinbase should have a right to their "Bitcoin Cash" in the same way that they should have a right to their ordinary coins.  Otherwise, it's just glorified theft from Coinbase.


It's not theft if they announce it two weeks in advance.
People who hold their coins in Coinbase and pay less attention to their holdings (use the "Coinbase Vault" for example) might not notice the warning.  Regardless of what happens there will be a huge amount of funds kept in Coinbase and Coinbase will potentially have access to a not-insignificant amount of UAHF coins that their users who didn't withdraw.
I have the impression it might be more of a technical decision, and not a political one
I think Gemini's stance on this makes more sense:
Quote from: Gemini
We will make every effort to support withdrawals of the chain with less total difficulty, if it ends up having a significant amount of hashpower, exchange volume, or economic value. However, unlike with the Ethereum / Ethereum Classic hard fork last year, we cannot yet guarantee that we will succeed in this effort, due to a lack of two-way replay protection in the various forks of Bitcoin Core (including Segwit2x, UASF, BitcoinABC, and Bitcoin Unlimited).
To not even commit to your users' needs like this is quite insulting, especially when they never bother to respond when people have their accounts frozen.
4645  Bitcoin / Press / Re: [2017-07-20]Former Factom VP: Bitcoin May Crash Due to Serious Centralization on: July 20, 2017, 05:09:24 PM
Bitcoin has been moderately centralised right from the beginning. However, usually the centralisation is from groups like mining pools - if miners decide that the pools are acting in an unethical way, they can move to a different one.  To have power, Bitcoin's public figures rely on support from the BTC community, and they would lose it if they attempted something shockingly bad.

Now though, it's probably less centralised than it's been before.  We're no longer talking about being terrified of ghash.io getting >50% of the hashrate, there are shitloads of (non-listening) nodes, and there are a lot more users.

So to blame a crash on it now, of all times, would be absurd.

Of course if the price goes down everyone will claim that it was because of centralisation, but that's not something that everyone suddenly decided was a huge problem after several years.  They're just making up reasons for a drop in price, when really it's just about speculation.
4646  Bitcoin / Bitcoin Discussion / Re: Coinbase and GDAX reject JihanCoin, price reacts positively on: July 20, 2017, 12:38:29 PM
I believe the hardfork they are talking about is "Bitcoin ABC"
It's called Bitcoin Cash, and they have the support of Bitcoin ABC.  It's basically the "UAHF" that BITMAIN were talking about.  bitcoincash.org.

I do respect that they're phrasing it like it's an altcoin and their development of BTC.
As soon as we saw the news of the ridiculous hardfork getting rejected by big exchanges the price started skyrocketing, along with BIP91 activation soon lockin segwit.
The price is absolutely no indicator of anything right now.  It's just random and irrational speculation about Bitcoin's future and it makes no sense.

The users of Coinbase should have a right to their "Bitcoin Cash" in the same way that they should have a right to their ordinary coins.  Otherwise, it's just glorified theft from Coinbase.
4647  Bitcoin / Bitcoin Discussion / Re: The Barry Silbert segwit2x agreement with >80% miner support. on: July 19, 2017, 01:40:06 PM
A few are holding out or have reverted while they get clarification on the latest problem with the fork as pointed out to them by gmaxwell here https://github.com/btc1/bitcoin/issues/85 . They're waiting to see how bad an issue it might be in the real world before deploying it (+/- again).

Is this why f2pool and bitfury still holding? Yesterday Bitfury was signaling bip 91, today they changed to segwit.

I'm tracking this through xbt.eu

Bitfury have said they are now:
https://twitter.com/BitfuryGeorge/status/887557125437829121

Only f2pool is left of the big pools and there's already enough hashrate so they'll definitely do it knowing that.

I thought I read somewhere here that f2pool actually wanted to signal bip 91 but had ddos attacks preventing them to update their clients. But couldn't find a public announcement about this.
F2Pool are absolute trolls.  When they were going to signal SegWit a while ago, Wang Chun said that SegWit would be a "disaster" then started signalling really soon after under the guise of following the public.

I wouldn't trust that they'll follow through on it until the last minute.  

Christ, these mining pool operators have so much power.
4648  Economy / Service Discussion / Re: is bitcoin wallet based company is going to close or it will safe.. on: July 19, 2017, 06:32:45 AM
Zebpay is most likely not closing down.

They're warning you of upcoming chain splits on August 1st - BIP 148 and "Bitcoin Cash".  

While I personally think that neither of them will amount to anything and that SegWit will be activated via BIP 91, it's definitely good practice to bring your coins to a wallet where you control the private keys, for at least a couple of weeks after that date.

It's hard for an online wallet to manage those multiple chains and provide you with a good user interface.  The purpose of the warning is to keep you safe so that you own all the chains and can use them if necessary.

You should read theymos' post about this here.

4649  Economy / Trading Discussion / Re: USDT Market Cap rising? on: July 19, 2017, 06:20:17 AM
Quote from: Herbert2020 link=topic=2022449.msg20227221#msg20227221
it has nothing to do with people shifting to that altcoin!
Yes it does.  They produce Tether tokens when they can be backed by a dollar that they hold, and they can do that when the tokens are bought on exchanges (well they can produce when they like, but they're supposed to be backed).
I know that many people are shifting into USDT, but that doesnt increase the Market Cap of USDT.
Equally dumb.  Yes it does.  Increasing volatility, fear of an upcoming bear market and confusion about the weeks ahead is pushing people into USDT for the next few weeks.
Some big players are bringing the USD there - in my opinion
Big players almost never go into USDT.  USDT is not safe due to the price fluctuations, and a Tether "cryptocurrency" does not work.  They would convert back to fiat rather than be at the mercy of Tether.

When USDT becomes a "safe haven" in its current state, it really makes you think about the state of volatility right now, doesn't it?

4650  Other / Politics & Society / Re: Libertarianism Sucks on: July 18, 2017, 08:49:27 PM
The Indians managed to live without a government and its taxes for centuries and they thrived. There was no crime among them, no locked doors, no banks, and yet people contributed and got along with the rest of the tribe.
You're forgetting the absolutely giant distinction between all libertarian societies pre-capitalism and the kind of libertarian society that you're advocating for now.

The distinction being that even though there was some level of property rights and personal property, these were people living in villages and tribes which didn't communicate with each other well, nor have to encounter the tribes on the other side of the country 24/7.

In a modern society, when anyone can talk to anyone else or go to anywhere else, it changes completely.  Because people think "no, I owned that land first!" and feel a sense of entitlement over the land.  That's why the concept of land ownership, and thus capitalism, has caused shitloads of wars and would continue to do so under "libertarianism".
Let me get this straight. You're against libertarianism, because you think we need a government to protect our property ownership rights. Is that it?
No.  Governments are needed to maintain who owns the property.  In a libertarian society, I can go and trespass on your land and shoot you.  Then I own the land, and no government is going to tell me otherwise.  It means that with modern communication and equipment for war, it can be a giant war-fest.
I know libertarianism won't succeed, because it's the most pure and honest concept and we are already too far gone.
Corporations have the incentive to produce cheap products.  Consumers have the incentive to buy cheap products.  With no regulation or consideration of labour rights, you have shit like employing child slaves to make chocolate.  Pretending that this is some kind of land of freedom, when it just encourages people to create their own slavery, is absurd.
People have been living under the watchful eye of the government for decades and they seem to like it.
Apart from this weird fringe ideology of American libertarianism, all anarchists have been left wing.  There are systems like anarcho-syndicalism, in which unions have greater control over the economy.  None of these systems seem to make much sense, nor do the right wing systems of "anarchism".
4651  Economy / Reputation / Re: [POLL] Downloading Child Porn Torrents = Red Trust ? on: July 18, 2017, 08:30:56 PM
Age of consent is 16 in the UK and if it's 16 in Canada then I don't think it's warranted.
The age of consent to produce pornography is 18, because of how 16 year olds could be manipulated or pressured into it and the fact that other work is more readily available to adults.  Under that age is considered child porn, and I think that's the relevant age here rather than the age of consent for sex.  However, I still can't see the user directly saying that he downloaded child porn.
i think Child Porn is illegal
Well done.  You're a fucking genius.
Also, it's not like he/she will stop watch/collect/sell/share Child Porn after got negative/red trust.
If the person is a paedophile, you should not help them by doing trade deals with them.  That sort of scum is not to be trusted.
 
4652  Economy / Reputation / Re: [POLL] Downloading Child Porn Torrents = Red Trust ? on: July 18, 2017, 06:37:25 PM
Spoetnik"The user in question" has done a variety of moderately shady things as well.

He claims to have received a PM from the account "Spoetnik[TheUserInQuestion]IsFucked", but if you do a search under Members, the account doesn't seem to exist (I don't think there's a way to delete a forum account, unless the OP contacted an admin).

He also values his account rank far too much.  Whenever talking to a newbie, he refers to them as NOOB and ignores any arguments that they make.  So any claims that removing his negative trust would be opposition to hierarchy is bullshit.
One who listens rock music need not to be a wild man and nor the man who listen serene music to be a gentleman.
Conclusion: Negative trust should not be given.
That's the fucking worst comparison I've ever seen.  Child porn is TERRIBLE.  It is a moral ABOMINATION.  People who listen to rock music can have any moral values and it's COMPLETELY unrelated.

However, I haven't seen Spoetnikthe user in question directly admit to downloading child porn.  I've seen him condoning being perverts to underage girls, which in my opinion does warrant negative trust, but I still can't see him openly admitting it.  Also, your quotes seem to be a tad out of context and strung together in that fashion.
4653  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Convince me not to FOMO :) on: July 18, 2017, 06:00:51 PM
A lot of financial bubbles and excessive bull markets have crashes and recoveries before fully entering a bear market.

Actually, it happened in Bitcoin with the 2013 bubble.  The price dropped to about $700 and then recovered most of the way up before resuming the bear market.  It's quite likely that this will happen again.

I wouldn't say that BTC is looking very bullish right now.  Keep buying all the time is my advice, because I consider trading pretty much futile when the market is this crazy, but while you're at it just make sure you're not spending more than you can afford to lose and make sure that you're willing to hold it through a bear market if you have to.
4654  Bitcoin / Bitcoin Discussion / Re: I need some help. on: July 18, 2017, 05:41:14 PM
Hello everyone , My name's Thierry. I'm newbie here.
ufabet
Sorry if this has been posted before but I am a Bitcoin supporter but there obviously is some inconveniences vs using the regular dollar. Mainly the fee. Nobody would want to use a currency where they pay fees.
PayPal charges fees of about 4% to the merchant.  BTC fees are extremely low compared to PayPal, and it's quite convenient.  If it was implemented properly you'd just scan a QR code, put in the amount and hit send.
Another is how can restaurants like subway and others legally accept Bitcoin if the government has no control over it?
They can accept what they want.  There's already a couple of Subway stores that have accepted Bitcoin before, and a few major merchants such as Steam and Overstock already accept it.
ทางเข้าufabet
Is it possible for these inconvinences to be resolved or can it not be done technically? The reason I ask this is because if not, it's possible another coin will come along that is much more convenient and will eventually surpass Bitcoin.
Bitcoin is very secure due to how it's already been established.  It also has first mover advantage, and there are only a couple of cryptocurrencies which I regard to be very good relative to BTC currently anyway.
People have said long transaction times but there are already Bitcoin credit/debit cards so I don't see that as a problem สมัครufabet

Thanks.
That's centralised bullshit.  It's just a web wallet from which you can spend fiat instead of actually using your coins.
4655  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core Error Message on: July 18, 2017, 05:19:30 PM
When more than 50 of the last 100 blocks have a version number that Bitcoin Core doesn't expect, it triggers that warning message.

Because miners are now capable of signalling for BIP 91, many have started mining blocks which support it.

This part of SegWitx2 won't cause a chain split though, so it's okay.

Achow101 made a post about this here.
4656  Economy / Speculation / Re: John McAfee: Bitcoin will go above 500k $ in 3 years on: July 18, 2017, 03:30:45 PM
Archived the page.

If you want him to eat his dick on national television in three years, come back to this thread and don't forget to thank me.

I love how he gives loads of vague terms related to "math systems" and doesn't actually explain what they are or why he's using them to suggest that Bitcoin will have a completely ridiculous price.

Maybe he's joking?  
4657  Bitcoin / Bitcoin Discussion / Re: Will you sell your BitcoinCash on August 1st if there is a HF? on: July 18, 2017, 03:20:51 PM
>Bitcoin XT
>Bitcoin Classic
>Bitcoin Unlimited
>Bitcoin ABC
>Bitcoin Cash

Pick one.  It's getting really boring at this point.

Anyway, I'll just hold because I can't be bothered splitting the coins.  

If there's any more forks I might start my own fork, with blackjack and hookers.  Actually, forget the theme parkfork.
4658  Bitcoin / Bitcoin Discussion / Re: Do you support Bitcoin Segwit2x? on: July 18, 2017, 03:09:30 PM
Hey, I am happy to go with the majority and follow the longest chain, if SegWit2x is the route people decide, then so be it.
This is a terrible way of thinking.  It's almost impossible to gauge what the majority actually wants, unless you're blindly following hash rate.

In elections, do you vote for whichever candidate has the best poll results?  Of course you don't, because you have an opinion of your own, and if you had done this you would have voted for Clinton in the US elections even though Trump ended up winning.

I'm all in favour of agreeing in the end and following consensus, but I'll be waiting at least a couple of weeks before making a judgement on what the consensus already is.  If it's something I strongly disagree with then I would support the smaller chain.
I will run this poll in every social media I can remember but please help spread the word feel free to copy and send the link. There are no catches or soliciting, I just would like for this to be a 100% collaborative decision.
Even if your intentions are genuine, this is unrealistic.  A poll which realistically will not reach a majority of the BTC community will not have any influence over others.
4659  Bitcoin / Bitcoin Discussion / Re: A bit of confusion regarding USAF / BIP148 on: July 18, 2017, 06:48:34 AM
Any wallet from which you can export your private keys is fine.  You can do that with Exodus.

With Ledger, you have a seed.  This is used to generate private keys, and it can be used in other wallets as well.

So either is okay.
4660  Bitcoin / Bitcoin Discussion / Re: more than 40billion $ on: July 17, 2017, 09:55:45 PM
Coinmarketcap is just a website to give users the idea of how much money has been involved in bitcoin and altcoins the last 24 hours.
No it isn't.  It's a site to give cryptocurrencies a ranking based on their market cap, and after that provide other useful statistics including the volume.

You can see clearly here that the 24 hour volume of cryptocurrencies right now is about 4 billion dollars.  At no point have I seen it surpassing about 6-7 billion dollars.

So how does the market cap drop by $40,000,000,000 in just a few days you ask?  Because market cap is complete and utter bullshit when it comes to cryptocurrencies, and it always will be.  End of story.
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