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4801  Economy / Service Discussion / Re: which exchange has better bitcoin withdrawal fees? on: June 18, 2017, 08:23:30 AM
If I'm remembering correctly, Poloniex still has a withdrawal fee of 0.0001.

Still, I wouldn't trust them to send a transaction in a timely fashion at all considering all the complaints of delays recently.

I say just suck it up and use Bittrex.  Their fee is 0.001, and it's not too bad when you're using normal amounts.
4802  Economy / Trading Discussion / Re: Need Help In Understanding The Significance Of Market Cap & Volume(24hr) & More on: June 18, 2017, 08:11:08 AM
Market cap = price x total coins in circulation.

Volume = the amount the coin has been traded in a set time frame (for cryptocurrencies, typically 24 hours).

The market cap can be misleading, as the amount of coins that are actually being traded may vary relative to the amount of coins that have been created and are theoretically in circulation.  It's hard to say how accurately the market cap reflects the value of the coin, but it's usually not well.
4803  Economy / Web Wallets / Re: Not possible to log on to my personal page at BIT.AC / no 2PA code!! on: June 17, 2017, 09:42:41 PM
BIT.AC is an absolute bloodbath...

There's this thread about potential bankruptcy, this thread arguing that it was an inside job and this thread questioning its legitimacy.

It's an online wallet, meaning that you never controlled your funds but they controlled it for you.  I believe they had an affiliate program, meaning that their costs could have exceeded what they earn from using the service, in which case they could have gone bankrupt or had some other issues.  Because these wallets are not properly regulated, anything is possible and likely.



4804  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 17, 2017, 07:53:19 AM
While I'm looking forward to seeing what a lightning network looks like,  it may not be the miracle everyone's hoping for.

They've restricted the amounts you can send to 0.042 and you're still tied to on chain transactions at either end.
I don't think that matters if the thing you're spending is valuable.

If we had 0.042 BTC to spend on the Lightning Network, we'd be talking about about $100 now (and probably more by the time it's implemented).

On Litecoin it'll be much less, but that's fine because the LN is primarily for microtransactions anyway.  Onchain transactions will always be necessary but if we're talking about >0.042 BTC for example, the fees won't be too high.
4805  Bitcoin / Bitcoin Discussion / Re: Bitmain announces plan to create altcoin if BIP148 succeeds on: June 16, 2017, 10:53:07 PM
Long term holder and lurker here. Been in BTC since 2011 and I have been following the scaling debate closely for the past year.


I also realized that some of the Core devs weren't as trustworthy as I thought they were, and that some of them became so entrenched in their position that they failed to see the bigger picture and refused to even consider a compromise.


At this point I think it's best to look at what the code does, rather than who wrote it. Code that makes bitcoin work better should be adopted, compiled, and run, and code that doesn't should be ignored. Simple.

I think Bitmain has overstepped their domain a bit with UAHF. All they had to do was ignore the 148coin fools, and make sure they keep mining smoothly on August 1. I think Jihan got scared it could work so he announced his own counter-bluff.

Nobody is changing the POW for bitcoin - that's by definition an altcoin. Even Maxwell said that BIP148 is a "stupid way to create an altcoin". I suppose that UAHF is roughly equivalent.

i dont think so.  I think UAHF is a great way to get bigger blocks.  Good chance to hold the longest chain, and even if not, the chain will attract more economic activity in the long run than segshit and blockstream.


It really is hilarious how most people on the Internet just get so caught up with their preconceptions that they just make loud assumptions without backing them up with anything meaningful whatsoever.  You've assumed that more people support one side than the other just because of what you think, rather than from any meaningful evidence, because you've separated "real people" from "those other people".

If it doesn't hold the longest chain, it's a BITMAIN-dominated chain and it's an outrage to decentralisation - if it does hold the longest chain eventually that would be interesting to me, but it doesn't seem likely at this point.

IMO this is a similar mentality that leads people to supporting BIP 148 even though the main justification that they gave for avoiding a hard fork was that it would cause a chain split.
4806  Economy / Exchanges / Re: Is EzBTC.ca trustworthy and legit? on: June 16, 2017, 10:37:30 PM
They have a thread here.  You can probably contact them, but they haven't been active since last month.

Their whois information shows that they're somewhat new - this doesn't mean that they're illegitimate necessarily but it does mean they have less of a standing in the community.  They also don't have any substantial announcements that I can find.

They're not suspicious particularly but they wouldn't be my first choice.



4807  Economy / Exchanges / Re: COINBASE now seizing accounts of Americans on: June 16, 2017, 10:09:02 PM
Wyoming:Coinbase suspended them Jun 24, 2016 due to state regulations:
https://support.coinbase.com/customer/portal/articles/1999937-coinbase-accounts---wyoming

Hawaii: May 1, 2017:
https://support.coinbase.com/customer/en/portal/articles/2754027-coinbase-accounts---hawaii

Both let you remove bitcoin etc from them.  While it is popular to blame coinbase, the people impacted should thank the voters in Hawaii and Wyoming:
https://blog.coinbase.com/how-bad-policy-harms-coinbase-customers-in-hawaii-ac9970d49b34

There is a lot of fiction and fantasy going around, but wouldn't it be better to read and understand at least some of it first?
True.  Coinbase is not seizing accounts, nor is it doing anything particularly malicious.

However, you have to wonder what exactly happens to those coins that aren't claimed within the required period.  When people hold Bitcoin, they don't have to actively monitor it all the time - while I realise that Coinbase had little choice but to suspend Hawaiian accounts, I cringe a little to think they could be gaining a lot of money from people who didn't claim in time.  Bitcoin holders like to feel safe that they can forget for a year or two and their coins would be safe.
Quote from: digaran
Did you know that if you throw $1M dollars in cash into the streets people will rush and take them all?
It's nothing like that.  A comparison that I would actually make is putting money in a bank - the intermediary is trusted more than random people on the street, but Bitcoin is supposed to get rid of these intermediaries, so I'd call it a middle ground between terrible and normal Bitcoin.


4808  Bitcoin / Bitcoin Discussion / Re: Be your own bank: Why Bitcoin is the most valuable cryptocurrency on: June 16, 2017, 09:58:15 PM
Quote from: 687_2
But the transaction fees are killing me!
- Many cryptocurrency users recognize the financial and human costs of ledger transparency and mutability in the existing financial system, but didn't realize that the cost of immutability in a cryptocurrency could be the same or higher.
Immutable cryptocurrencies can be easily developed which are not Bitcoin.  It's true that Bitcoin has a "brand" and public standing, but this is not necessarily sustainable.

New tech being developed does compromise immutability/stability, but:

1.  You only have to know that the currency you're using for the payment is safe for the amount of time you spend doing the transaction.
2.  Bitcoin is not 100% immutable, hence UASF/UAHF/BU/SegWit etc.
3.  Any other cryptocurrency could reach that standing while not being limited in the same way that Bitcoin is, or be exactly the same as Bitcoin and just be used because it has no/low fees at the time of use.
Quote from: 687_2
Ethereum/Ripple/Dogecoin is overtaking Bitcoin's marketshare!
- XRP, ETH, etc. are tantalizing to banks, governments, and speculators. But they will only ever "experiment" with these things in order to generate PR and appear clever to their stakeholders. They know that these systems are not stable enough for production, and that's why there are no examples of anyone going "live" with the thing they built on their forked Ethereum blockchain. Cryptocurrency "Marketshare" is a buzzword concept created by speculators and marketers, who have no idea what the things they are buying right now are worth.

Yeah, I pretty much agree with this.  ETH have got something but it's been overplayed.  ETC makes more sense.
4809  Bitcoin / Bitcoin Discussion / Re: Bitmain announces plan to create altcoin if BIP148 succeeds on: June 16, 2017, 08:23:55 PM
Long term holder and lurker here. Been in BTC since 2011 and I have been following the scaling debate closely for the past year.


I also realized that some of the Core devs weren't as trustworthy as I thought they were, and that some of them became so entrenched in their position that they failed to see the bigger picture and refused to even consider a compromise.


At this point I think it's best to look at what the code does, rather than who wrote it. Code that makes bitcoin work better should be adopted, compiled, and run, and code that doesn't should be ignored. Simple.
I disagree.  Who runs the code is completely relevant if that group has a lot of power.

The difference is that Core's power is to propose code, while BITMAIN's power is to signal for it.

If BITMAIN, a private mining company, decides to go off and propose their own code, it means that they have control over their new chain unless enough other miners signal for their code to negate their power.  For now, this is basically manipulation of the new chain since they have the power for 51% attacks, potentially for a long time considering that the market won't support their chain for a while, and the power to create changes in the code without consulting miners which are supposed to be independent from developers.
4810  Economy / Exchanges / Re: I don't understand.. on: June 16, 2017, 07:23:32 PM
I got confused the more... God

Thanks anyway
Some wallets (mostly offline ones) let you have your own keys owned by you alone and you can use these keys to enter your house any time you want. You can import these keys into other wallets which will let you into your house (coins).
True.  But an important point is that the exchange does not give you keys to your house periodically to let you enter - it comes over and puts the keys in the door themselves.  This is the "key" difference here.

There's also a final scenario, which is that someone steals the keys to your house from you (hacks your computer or something, depending on how you secure your coins).  Then they can take everything inside.

There are three problems with storing your keys/coins with an exchange:

1.  If the exchange wants to throw away the keys, or keep them and access your house without your consent, or lie and pretend that your keys were stolen, they can.  If the exchange are monitored by the police it's harder for them to do this, but still possible.

2.  Exchanges are a much bigger target for theft than you are.

3.  Bitcoin brings independence for money.  There's not much difference storing your Bitcoin in an exchange to storing fiat in your bank.
4811  Economy / Services / Re: Find Middle for Buying Something ! on: June 16, 2017, 06:35:19 PM
Hi Guys  !
Today I'm very sad, I believe in bad man, he told me  he is trust member and since account 2011, O believe that and send money ( BTC  )  First, Unfortunatly I lost 30$ for my stupid !
Now I want to buy something on Forum, I need to Find someone Who can Middle for me Huh
And how much money fee per one transaction Huh?
Please help me
You can open a scam accusation against that member and get back the $30
This is awfully misleading.  Almost no one gets back the money from a Bitcoin-related scam - that's exactly why scammers tend to operate with Bitcoin or between Bitcoin and another system (e.g. PayPal).

OP, you should report this user but they won't be banned - they'll just receive negative trust.

You need to understand that the trust system is very close to useless.  If you see that a user was inactive for a long time before that trade, they're probably a scammer.  If on their trust page it notes that their email or password was changed recently, they're probably a scammer.  If they're trading with PayPal, they're probably a scammer.  If they're obviously reluctant to use escrow, they're probably a scammer.
4812  Bitcoin / Press / Re: [2017-06-15] Opinion: Stay away from bitcoin — it’s complete garbage on: June 16, 2017, 05:06:26 PM
You: Honestly, does it have a purpose? Any purpose at all?
1.  Banking and ownership.

2.  Free payments and money transfers globally.

3.  International remittances.

4.  Cybersecurity.

5.  Academic records.

6.  Voting.

7.  IoT (e.g. IOTA).

8.  The music industry, and being fairer to artists in general.

9.  Prediction markets (e.g. Augur).

10.  The stock market, and decentralised exchanges like Waves.

11.  Real estate.

12.  Insurance (with oracles from cryptocurrencies like Byteball, using publicly available data).

13.  Cloud storage (e.g. MaidSafe, Storj).

14.  Supply chain management.

15.  Provably fair mechanisms in gambling and decentralised betting.

16.  Gift cards from small businesses.

17.  Gun tracking.

18.  Wills (feat. oracles and/or nLocktime transactions).

19.  Charities and their transparency.

20.  Ride sharing and Uber-like platforms.

Sources:  my brain and this article.
4813  Other / Politics & Society / Re: Money Laundering laws are like gun control. It is not there to stop the bad guys on: June 15, 2017, 08:22:39 PM
Money control like this doesn't work anyway.

It can stop the small criminals from buying Bitcoin, because they don't want to go through all the hassle just to get it.  Governments could even start banning sites like LocalBitcoins and ways for sellers to meet buyers for all we know.

But as long as Bitcoin or other cryptocurrencies exist, there will be people buying them anonymously. 

Any criminal looking to launder >$1,000,000 worth of fiat money through Bitcoin - they'll do it.  It doesn't matter if exchanges implement KYC to match government regulations because that's not really their choice.
4814  Economy / Exchanges / Re: BITSTAMP insane KYC questions on: June 15, 2017, 08:12:31 PM
Without these kind of questions we have a situation where top ranked countries for Googling the term "Bitcoin" re Nigeria and Columbia. So, scams and drugs.
Dumb statement.  Bitstamp asking for documents (which would show they're not part of a country Bitstamp doesn't support), is nothing to do with this crazy questionnaire of KYC regulations.
Quote from: crazyivan
Now, you tell me, why it would be in my interest to be part of an economy which might be primary used for scams, money laundering and drug trafficing.
It's only like that because it hasn't been adopted on the clearnet so much yet - this is blindingly obvious.  As a real transfer system used for payments it would not be the same at all.
Quote from: BitHodler
No one forces people to make use of centralized exchanges to start trading, or just to buy Bitcoin. It's an optional service for people to make use of. Not hard to understand, right?
Bitcoin's purpose is not anonymity, it's decentralisation.  The two are unrelated, and decentralisation =! anonymity.  Anyone who buys from Bitstamp can just move it back to their personal wallet, so I somewhat agree.
Quote from: BitHodler
OP ~ KYC is ultra annoying, but it's part of their verification process. Basically every major exchange nowadays is asking for the same details from their customers ~ there is no way to avoid it if you want to proceed with them.
Correction:  every trustworthy exchange does this.  BTC-E doesn't, but I wouldn't trust them with 1 satoshi.
4815  Economy / Exchanges / Re: Sites to buy bitcoin and other coins on: June 15, 2017, 07:39:48 PM
Hey

Can you suggest me please which site is the best to but Bitcoin
No online exchange is safe in the current situation, and you might find that your payment is delayed for a long time.  That said, I would feel safest buying at Bitstamp (or ideally, at LocalBitcoins).
Quote from: dudubtc
and which site is the best for buying another small coins?
You can buy some of them at Kraken.  If you're looking for additional coins which are less known, you can go on Bittrex.
4816  Bitcoin / Bitcoin Discussion / Re: And they say Bitmain is the miner we should be worried about... on: June 15, 2017, 07:09:16 PM
Bitcoin hashrate distribution is currently 4.8% Bitfury and 17.5% Antpool.  BITMAIN owns other pools as well.

Pointing out the evil of one company does not negate the evil of another.  Perhaps you should address the claims directly instead of trying to direct the attention to another pool.

Furthermore, BITMAIN has far more power and influence than Bitfury does.

What claims?
I'm referring to any argument against what BITMAIN does.  You clearly recognise that these arguments exist since the title of your thread is "and they say Bitmain is the miner we should be worried about..."

My point is that you're starting a thread to deflect arguments onto another pool.

It would make logical sense if you'd started a thread saying "Bitfury has done/said X", but instead you've started a thread saying "look, BITMAIN isn't bad now! We have another mining pool to insult!"
4817  Bitcoin / Press / Re: [2017-06-15] South Korea to Dispose of 216 Bitcoins in First Public Auction on: June 15, 2017, 06:30:53 PM
However, the article doesn't say whether the bitcoins will be split into lots and auctioned, or sold as a whole.
I don't see why it would be split into lots.  It's not very much for a rich person.

The South Korean government has obviously known that Bitcoin has value for a long time.

They know that perfectly well because they know that these 216 bitcoins were used to pay for illegal activities, meaning that other groups accept that they have value.

What really matters is that the South Korean government has recognised that it can be used by legitimate civilians rather than just criminals by selling to what they hope are legitimate civilians.
4818  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: June 15, 2017, 06:15:59 PM
Suppose by mistake if we clear the browser cookies after sending coins, is there any way to recover back our coins or it's gone permanently?
ChipMixer displays recovery link that can be used in case you lose cookies. If you use Electrum plugin, payment comment includes recovery link.
You can also contact support and give us your deposit transaction details. Do that before your 48h session ends and your bitcoins will be fine.

There was only one support request on this matter and it was solved well.
Hi i would like to ask if we accidentally close the browser if i am using incognito how can i recover the session?
The link given is this https://chipmixer.com/session/step1 and i tried it to restored again in other browser but it gives me other result and notice the bitcoin address for receiving was changed..
How we can back up our session if we are already had mixed coin there?
They just answered the same thing in the post you quoted above...

"You can also contact support and give us your deposit transaction details. Do that before your 48h session ends and your bitcoins will be fine."

I don't even expect anyone to wait that long before reporting any anomaly in his transaction. If it were to be me, immediately I realised things are not going the way they ought to go regarding transactions no matter how small, I am hitting support immediately no reply after reasonable time, I am buzzing you all over again until I get response or give up.
Chipmixer is a new mixer.  They're trying to build a reputation.  I assume that they also don't have a very high volume yet.

I think support should answer very quickly, considering their activity on Bitcointalk and Reddit.  Even if they were scammers (unlikely), they would do it much later when they have many more users.
4819  Economy / Exchanges / Re: Attention please."Epay.com" is not "Epay.info" on: June 15, 2017, 06:00:11 PM
I don't think they are even close ?

When I used faucets I used epay.info and it was a faucet payment processor. So users didn't have to deposit any money into it (except if they were faucet owners) to pay the site visitors.

While your site (epay.com) doesn't seem to have any thing in common with it ?

but why everyone keep ask us they did not receive money ? although we are "Epay.com" not "epay.info"
Your site design and layout is very similar.  I wouldn't call it "misleading" since you're both just independent businesses (and in epay.info's case, a scam now), but I can see how people would make that mistake.

You just need to add a clear disclaimer where you let people contact your support, clarifying that you're not the faucet cache epay.info.  Then you'll get less pressure from scammed epay.info users.
4820  Bitcoin / Press / Re: [2017-06-15] Bitcoin tumbles 12%, erases gains for June on: June 15, 2017, 05:40:51 PM
Factors:

-Other cryptocurrencies are mainly traded against Bitcoin, so the graphs run close to parallel (all the top charts are down by nearly the same amount).
-BITMAIN's UAHF means that now August 1st will get even messier.  Fear for the future.
-High fees for both Bitcoin and ETH leading to a decrease in confidence, as the price seems to be mostly speculation-based.
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