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4781  Bitcoin / Project Development / Re: BitcoinVoice: Vote on polls using Bitcoin signatures with pseudo-Proof of Stake on: June 21, 2017, 07:18:55 PM
NOTE: The friendly folks over at #bitcoin informed me that a similar site already exists over at bitcoin.com ... which I didn't know about.  I guess ... at least BitcoinVoice isn't bitcoin.com? Tongue
Bitcoin.com is owned by Roger Ver, who has a very large amount of coins and openly supports big blocks.  It's possible that he signed with his own addresses, in which case the vote was void (because he owns more BTC than the amount used in the vote).

It's essential to have a neutral site on this.  The question is whether people would trust a smaller site to protect their privacy when they prove ownership of large quantities of Bitcoin.

There's also the fact that the economy doesn't have to dictate everything, because that would favour richer people.
4782  Economy / Trading Discussion / Re: How do you know when you are in profit? USD or Satoshi? on: June 21, 2017, 06:53:53 PM
This belongs more in Trading Discussion.

Most alts are measured and traded dominantly against BTC.  This even applies to the biggest alts like ETH which have fiat pairs as well.

You'll find that the majority of people trading alts are in it for more BTC, and the majority of people trading BTC are in it for more fiat, especially when the price goes up loads like right now.

So it would be most important to measure it against BTC, because crypto profits are mostly to do with the amount of fiat you would have gained in value compared to the amount you would have gained from just holding Bitcoin.  However, this is flexible and could be different in some cases.
4783  Other / Archival / Re: . on: June 21, 2017, 05:07:51 PM
The biggest red flag of all is what they claim to be - a silver backed token which is having an ICO.

People always invest in ICOs expecting to earn profit from a rise in value, but if the token was actually silver backed the value would stay almost pegged to the price of silver, so the ICO is no more an investment than just buying silver and it doesn't really make any sense...

Seems like anyone with a nice website can get millions from ICOs these days anyway, so it'll be a shame when people realise they've lost all their money.
4784  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy or Wait for the biggest dump of Ethereum on: June 21, 2017, 04:58:10 PM
10% is nothing it means nothing.
That's the problem with some people.  They just speculate with no regard for fundamentals at all.

Previous dips recently have been brief lapses in this crazy bull market we're in, and have meant nothing even when being dips of >20%.

However this time a significant majority of hashrate had started signalling for SegWit x 2 (well signalling that they will signal for it when they need to).  This makes the promise of low transaction fees on Ethereum meaningless.  It doesn't mean that Ether will crash because people are just ignoring any real events, but it does mean that Ether will become irrelevant from the perspective of a currency.

Most cryptocurrencies other than Bitcoin are in the red right now.  I would have shorted major alts when SegWit x 2 started being signalled, but it's a bit late now to tell how far it'll go.

Just sit tight and watch the market move.  You'll probably find that Bitcoin goes up a lot in the next month or two.
4785  Other / Politics & Society / Re: bitcoin & The Simpsons and Family Guy on: June 21, 2017, 04:48:10 PM
Nah, it's just a joke. Nothing in there to promote bitcoin. Actually it just seem to acknowledge the belief that bitcoins are mostly used for criminal activity online.
The joke isn't about Bitcoin.  The joke is that students carry their lunch money into school to buy lunch, so this is just literally sending any random money over the Internet.  It's also about how difficult it is to force people to send money online, because people would be separate from the bully.  Bitcoin is just a surface-level joke that the Simpsons like having more often these days to appeal to people who don't actually get it.

It's shocking that I have to explain this to people.

The Simpsons is pretty deeply satirical anyway, I wouldn't take any joke of theirs as a direct insult so much as pointing out how stupid the entire situation of doing that would be.
Well, The Simpsons are prophets. So they have the right to promote or make fun of these topics.
I'm really surprised how they predict Trump's position.
They didn't.  That was around 2000, when Trump had mentioned considering running for President and it was a bit of a joke among people.

/nerd
4786  Other / Politics & Society / Re: Finsbury Park attack:one dead in 'potential terrorist attack' near London mosque on: June 21, 2017, 04:37:43 PM
Lol the logic:

All Western countries are destroying entire ME countries, killing dozens of thousands of innocents civilians, few terrorists kill maybe 200 Europeans -> They are monsters shame on them kill all Muslims

A guy decides to kill 10 Muslims without any reason -> Yeah but the Muslims saw that coming those bastards


THE LOGIC

You see I doubt that those kids in Manchester or those tourists in London bombed or killed anyone. Also doubt that this guy in the van looked at his actions in a wider perspective. I guess his logic was that muslims who living between us can go rabid any time and kill our loved ones, so we should take preventive measures. Perhaps he kept watching the Walking Dead too long.
BTW sooner or later we'll have to kill them all otherwise they will kill us, while cooking their rice on fires made out of paintings of van Gogh and Rembrandt. The only good thing will be that they will clean out the multikulti leftist-liberal scum from Europe as well Wink.
ISIS didn't exist until various countries decided to use the Middle East for their war games, killing thousands of innocent civilians.  Given no other choice because they're being screwed over by the West, some people turn to extremism.  What happens after that is that the violence starts escalating because each group starts condoning terrorist attacks from their side.

>Muslim person commits terrorist attack

"They're horrible terrorists!"

>Non-muslim person commits terrorist attack

"Serves those bloody [innocent] Muslims right!"

Some people's reasoning is seriously baffling.

Learn your Islamic history before you speak on the subject.

https://www.politicalislam.com/tears-of-jihad/



As someone correctly points out in the comments section of the article:

Quote
Hmm, 270 million “killed by jihad” (let’s close our ears and pretend it had nothing to do with the political and ethno-cultural tensions in any of the regions) and still less than the amount killed by the Catholic church, the Soviets and many political leaders, OTHER than Muhammad. Yet, no one mentions those statistics. And what about all the non-Christians killed in the “Christianizing” missions of Europeans? Were those the Crusades redux? By the same logic, then the British and French empires “Crusaders” as felt the “White Man’s Burden” in needing to modernize the ignorant Brown and Black men.

This website is a joke and a thinly-veiled Islamophobic rant (Christians were “martyred”, while other religionists were “killed”?). Good thing intellectuals and academics don’t listen to this kind of hogwash. You all can live in your closed little world thinking that you are important or that anyone really pays attention to your stupidity.
Currently, dramatically Muslims are being killed by terrorism in the Middle East than Christians, because ISIS and other terrorist groups hate anyone which doesn't agree with their mindset.

Your victimisation complex and your support of terrorism from non-Muslims is insane.  You have crazy confirmation biases and no self-awareness.

Are you sure?  "Their mindset?"  

ISIS is an Islamic State.  They are the true Muslims.  Please do not refer to them as a "mindset".  They follow the Quran and the Hadiths.

Just because you developed your own version of Islam by skipping the troublesome Quran verses does not mean others have to.

They kill all non-believers.  That includes those who oppose their Islamic State, it does not matter that the victims profess that they are 'Muslims'.  If you are against a global Caliphate, you are the enemy.  It does not matter what religion you think you follow.
Just because you developed your own version of Islam by skipping the peaceful Qur'an verses does not mean others have to.

As with the Bible (both religions are bullshit if you ask me), there are many direct contradictions in different sections of the Qur'an.  Some argue for peace and some don't - the difference is that you're assuming that Muslims who look at one side of the Qur'an are "true" Muslims, while those who look at the other side of the Qur'an are not.

By cherry picking information in this way, you are supporting terrorists by implying that all other Muslims should join them, and therefore implying that all Christians should become terrorists too in opposition to this.  

There are people on this thread literally calling for genocide ("we need to kill them all"), and that's not troubling for you?
4787  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: June 20, 2017, 06:33:53 PM
Would mixing my coins help me out with eliminating high transactions costs in the future?
No. If you think that transaction cost will get higher and higher, send all your funds into one address with one transaction. This is the cheapest solution but also the least private.

I meant in the aspect of having a lot of dusty inputs, thus raising the total byte size of the transaction itself. For example, let's say I have 0.01BTC in my address that I accrued over 20 transactions at 0.0005 each. Essentially, if I were to mix the 0.01, wouldn't transactions in the future have a smaller transaction size than if I were to spend the 0.01 from my wallet without mixing the coins?
It could, but a large point of Chipmixer is that you don't do it as simply as that and instead split it into chips with predefined values instead of just spending 0.01, receiving 0.01.

Regardless, this is just speculation about future transaction costs.  By doing this you have to assume that transaction costs in the future will be higher, because you're relying on all of the coins you could spend + the transactions you actually make with 1 input ending up costing less than just sending ordinary transactions.
4788  Bitcoin / Press / Re: [2017-06-20]Move Over, Bitcoin. Ether Is the Digital Currency of the Moment. on: June 20, 2017, 05:29:05 PM
Ether's promotion is trash.  It's potentially useful for some things, but at this point when you see articles like this treating price as if it's the only factor, we have a problem.

It becomes a self-fulfilling prophecy, like this:

Person 1: "Hey guys! Look at this cool new thing I found! It's called 'technology'!"

Person 2/3/4/5: "Damn dude, that's some smooth technology.  I'd better buy some of that."

Person 6/7/8/9/10/11/12/13/14/15... "Wow, the price has gone up loads recently!  Looks like I can make way more money off of this than Bitcoin!  Oh yeah and also, technology..."

4789  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 19, 2017, 06:08:31 PM
More miner has starting to signal Segwit2x.


That's just the recent blocks.  The hashrate is steady, but we'll see the blocks go >60% to match the hashrate over the next few hours.

More miner has starting to signal Segwit2x.




This good? We ok with this?


(From long term non technical hodler)
It's very bullish if it actually happens.  It would also prevent a really messy UASF.
4790  Other / Politics & Society / Re: Finsbury Park attack:one dead in 'potential terrorist attack' near London mosque on: June 19, 2017, 04:33:57 PM
Lol the logic:

All Western countries are destroying entire ME countries, killing dozens of thousands of innocents civilians, few terrorists kill maybe 200 Europeans -> They are monsters shame on them kill all Muslims

A guy decides to kill 10 Muslims without any reason -> Yeah but the Muslims saw that coming those bastards


THE LOGIC

You see I doubt that those kids in Manchester or those tourists in London bombed or killed anyone. Also doubt that this guy in the van looked at his actions in a wider perspective. I guess his logic was that muslims who living between us can go rabid any time and kill our loved ones, so we should take preventive measures. Perhaps he kept watching the Walking Dead too long.
BTW sooner or later we'll have to kill them all otherwise they will kill us, while cooking their rice on fires made out of paintings of van Gogh and Rembrandt. The only good thing will be that they will clean out the multikulti leftist-liberal scum from Europe as well Wink.
ISIS didn't exist until various countries decided to use the Middle East for their war games, killing thousands of innocent civilians.  Given no other choice because they're being screwed over by the West, some people turn to extremism.  What happens after that is that the violence starts escalating because each group starts condoning terrorist attacks from their side.

>Muslim person commits terrorist attack

"They're horrible terrorists!"

>Non-muslim person commits terrorist attack

"Serves those bloody [innocent] Muslims right!"

Some people's reasoning is seriously baffling.

Learn your Islamic history before you speak on the subject.

https://www.politicalislam.com/tears-of-jihad/



As someone correctly points out in the comments section of the article:

Quote
Hmm, 270 million “killed by jihad” (let’s close our ears and pretend it had nothing to do with the political and ethno-cultural tensions in any of the regions) and still less than the amount killed by the Catholic church, the Soviets and many political leaders, OTHER than Muhammad. Yet, no one mentions those statistics. And what about all the non-Christians killed in the “Christianizing” missions of Europeans? Were those the Crusades redux? By the same logic, then the British and French empires “Crusaders” as felt the “White Man’s Burden” in needing to modernize the ignorant Brown and Black men.

This website is a joke and a thinly-veiled Islamophobic rant (Christians were “martyred”, while other religionists were “killed”?). Good thing intellectuals and academics don’t listen to this kind of hogwash. You all can live in your closed little world thinking that you are important or that anyone really pays attention to your stupidity.
Currently, dramatically more Muslims are being killed by terrorism in the Middle East than Christians, because ISIS and other terrorist groups hate anyone which doesn't agree with their mindset.

Your victimisation complex and your support of terrorism from non-Muslims is insane.  You have crazy confirmation biases and no self-awareness.
4791  Bitcoin / Bitcoin Discussion / Re: Complaints of Seizures by Popular Bitcoin Wallet <-FUD on: June 19, 2017, 03:53:09 PM

Major FUD about Bitcoin being spread to the uninformed by Gold dealers and others who see Bitcoin as a threat. In this case, it's a guy who I never heard of named

https://www.linkedin.com/in/everett-millman-4944ba7a Everett Millman who writes articles for the gold industry. I would hope someone here takes the time to give this liar a piece of his or her mind.

The link to his piece is below.
http://blog.gainesvillecoins.com/2017/06/17/complaints-of-seizures-by-popular-bitcoin-wallet/


True bitcoiners don't care about any wallets because true bitcoiners run their own full validating nodes, so they are not worried about what the next move of whatever online wallet they are using.

Download a full node on www.bitcoin.org and stop worrying about online wallets forever. It is worth the time to download the full blockchain.

I understand, and agree with what you are saying, but you missed the whole point of the article. There are many out there creating FUD, to cause panic in the market.
No, I think he got the point of the article.  It claimed:

Quote
Of course, any Bitcoin wallet is going to suffer from the very same problems as a bank account for your fiat money: It is subject to vanishing into digital oblivion or being seized by the “wallet” service at any time, with absolutely no recourse for the owner.
...Which is just an outright lie.

We can debate about whether Coinbase has been seizing users' accounts or not (occasionally they do if they suspect the users of illegal or suspicious activity, because they're a centralised service and can do this), but what's important is that a real Bitcoin wallet is trustless and cannot be seized unless a third party which you are not trusting gets access to your private keys.

This is more comparable to people coming into your house and taking physical cash than it is to a bank account.  Sometimes it's even safer than that, depending on what security measures you use with your wallet.
4792  Economy / Service Discussion / Re: Bye Bye Localbitcoins wallet! on: June 19, 2017, 03:33:14 PM
Xapo is doing a similar thing.  Of course this is not a "wallet" in the conventional sense, more like an account, so this is just a way of them making the fees simpler for you instead of making it confusing when you're faced with unusually high sending fees from accepting loads of small transactions.  You'll probably find that LocalBitcoins is not making profit (or at least not a lot) from setting those fees.

When you're using a proper wallet instead of an online wallet, just make sure not to accept loads of dust transactions anyway.  LocalBitcoins is trying to remove your incentive to do this.
4793  Bitcoin / Press / Re: [2017-06-19] Why banks need to start offering cryptocurrency wallets on: June 19, 2017, 02:57:15 PM
> Etherium

Misspelling the name of the technology is not a very promising start of the article.

It's not even a typo either, since the letter e is ages away from i on the keyboard...

The aim of banks will increasingly be a power grab, in the same way that some online wallets are already starting to do.

Coinbase tries to alleviate the pressure of transaction fees by having their own offchain transactions - people who think they're with Bitcoin for "freedom" might start using this or a bank-based equivalent, in which case the aim of Bitcoin would be lost.
4794  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Adult Swim Bump? on: June 18, 2017, 09:37:02 PM

So, as far as I'm aware, this bump, Family Guy, and Almost Human have directly mentioned cryptocurrencies on primetime TV.  Are there any others you guys are aware of, and how do you feel?


There was also a reference to Bitcoin on the Simpsons, if you didn't already see it.

-snip-

I'd probably expect South Park or F is for Family to have references to it at some point as well.

ROFL! I can see South Park, and I feel like they probably already did, those guys just have to be into cryptos.

But if they mention bitcoin in F is for Family, a 1970's themed animated sitcom, my head might explode. Would be hilarious though, if one of the stoner baggage handler dudes was Satoshi.

And while we are talking about it, people, if you have Netflix, for the love of God go watch F is for Family . If you can't relate, your parents were probably serial killers and the apple didn't fall far Wink

No seriously, it's great.
There was a second mention of Bitcoin in The Simpsons as well.

Krusty said "[I've had some] bad luck at the ponies, worst luck in the Bitcoin market..."

This was Series 25 a couple of years ago so probably just after a crash.
4795  Economy / Exchanges / Re: Withdrawing USD from various exchanges as US citizen on: June 18, 2017, 04:16:59 PM
Quote from: Iranus
Bittrex, Poloniex and Livecoin are all altcoin exchanges.  None of them deal with fiat, just different cryptocurrencies.
As a test I sold 1.0 ETH on Livecoin for USD. I'm now sitting on about $363 USD in my Livecoin account. That's fiat I don't know how to remove.
Having just looked it up, that appears to be a recent feature.  Last time I was on Livecoin there were no fiat pairs.

I was thinking maybe you were confused with USDT - a centralised token which is supposed to be pegged to the dollar.  You can trade with this on Bittrex and Poloniex, but not directly with fiat and you can't withdraw fiat on them.
Quote from: Iranus
For most states you should be okay trading at GDAX (Coinbase's dedicated exchange) or on Bitstamp
I've got GDAX, but I'm really looking for exchanges with more crypto options for day trading and such, and definitely at least ETH. Bitstamp is lacking in these areas.
Coinbase is alright for trading with ETH, but they have a high fee of 1.49% (they don't have a spread though).
4796  Economy / Exchanges / Re: Withdrawing USD from various exchanges as US citizen on: June 18, 2017, 03:16:34 PM
I have a checking account with Capitalone360 and another with a local credit union, and some exchanges let me me hook them up directly for funding/withdrawal (Coinbase, Gemini, CEX) while others do not (Kraken, Bittrex, Poloniex, Livecoin).
Bittrex, Poloniex and Livecoin are all altcoin exchanges.  None of them deal with fiat, just different cryptocurrencies.
Quote from: ethermunker
Also, what's up with US banking regulations? Why are we banned from so many exchanges?
It mainly depends on your state.  For most states you should be okay trading at GDAX (Coinbase's dedicated exchange) or on Bitstamp, and I would personally trust those exchanges despite all bitcoin exchanges being slow/having terrible customer support.

It isn't all that hard trading in the US if you can provide ID, but if you're really have trouble you can always trade P2P on LocalBitcoins.
Quote from: ethermunker
I'm noticing a ton of exchanges who won't work with US customers at all (OKCoin, Bitfinex, Quoine, Yobit)
OKCoin is a Chinese exchange, and trust me you do not want to be dealing with YoBit.
4797  Bitcoin / Press / Re: [2017-06-16] Top German Banker Warns Cryptocurrencies Could Precipitate a Finan on: June 18, 2017, 03:01:55 PM
Well German bankers were recently warning people not to buy bitcoin, and it's gone up dramatically since then.

Of course they'll cause loads of FUD about cryptocurrencies.

It's just like using weed killer on your garden, and the weeds are trying to tell you "it won't work! no point wasting your time and resources getting rid of us now!".
4798  Economy / Trading Discussion / Re: Any free trading bots out there? on: June 18, 2017, 02:46:53 PM
Honestly, if you're looking for a free bot then just don't waste your time.  None of them will be good enough - people just don't create these things for free.

There are two prominent trading bots on this forum:

1.  Gunbot.  This one has a 15 day refund guarantee, and you can hold the funds (0.1 BTC) in escrow for the first 15 days if you want.

2.  Cryptocurrency Automatic Trader (C.A.T).  This is somewhat similar.

In both cases you'll have to set which pairs you're trading with, how much you're trading with and other parameters which you would usually abide by if you were a manual trader.
4799  Economy / Exchanges / Re: Having some issues trading on bittrex on: June 18, 2017, 01:22:30 PM
Lunyr's trading volume is pretty low.  That means that to buy a lot you might have to wait a long time, depending on how much people are willing to sell to you or what they think it's worth.

Give it a few hours and make sure your order is on "Good 'til canceled" mode.  If you can't do it, raise your bid.

4800  Bitcoin / Bitcoin Discussion / Re: You Won't Believe This Stupid New Law Against Cash And Bitcoin on: June 18, 2017, 12:37:22 PM
Hopefully they won't be confiscating bitcoin, but who knows.
Handled properly, Bitcoin is extremely hard to confiscate from everyone.  It's not likely that any major government except for dictatorships will even bother trying, since they'd have such a difficult job finding out everyone who has it and exactly how much they have.  Even if they could figure that out, people could start mixing it with companies that are based in other countries and converting to other coins.

Precious metals are similar.  They can't be centrally taken without huge amounts of resources going into the work.

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