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4821  Bitcoin / Press / Re: [2017-06-14]4 Reasons Why I'll Never Invest in Bitcoin (and You Shouldn't Either on: June 15, 2017, 05:20:06 PM

but you can't lose huge amounts of money watching kitten videos or ordering a pizza.

Trading isn't for everyone.

And most people understand the difference between a fluctuating value and something you eat.
They also understand that a dramatically fluctuating value causes them to lose buying power.

Making pedantic points claiming that it's trading or that the price in fiat shouldn't matter would be meaningless (you're not quite saying that but implying it).  You could use the phrase "buying power", and it would mean the same thing.

Besides, many people are in Bitcoin to get more fiat.  It's a shame, but it's true.  We're waiting for real merchant adoption before people will stop paying attention.
4822  Economy / Service Discussion / Re: Has anyone used ChipMixer? on: June 15, 2017, 04:47:53 PM
A few weeks ago a new mixer emerged Chipmixer, with new features, so my question for those that have used other mixers, like bitmixer, how does it compare? Is it faster? Is it cheaper? Does perform as advertised?

Share your experiences.

We cannot really now about the privacy. All the mixing service claim they don't keep logs but this is only a claim and we don't have actual facts that they indeed do not keep logs. The best mixers are the ones from the hidden internet but be careful only a few are legit there
All good mixers have a Tor mirror, and many mixers are only on Tor without a clearnet site.

Bitmixer Tor mirror:  http://bitmixer2whesjgj.onion/
Chipmixer Tor mirror: http://chipmixerwzxtzbw.onion/

And so on, and so forth...
Quote from: swogerino
and all others are copy cats made to scam people. As for the normal mixer like the ones we have in the forum we can never know if they do keep logs or not.
True.  However, it's still dramatically safer to use a mixer.

Chipmixer is legit, for now.  Mixers can go wrong at any time, but we've got only positive information about them so far.
4823  Economy / Service Discussion / Re: [ANN] Bitcoin Blender, anonymous bitcoin mixer - deposit issue on: June 15, 2017, 03:27:26 PM
Are you sure you were on the right site?  Bitblender's Tor mirror is http://bitblendervrfkzr.onion/, and they have an information site here which I believe is theirs.

Note:  if you decide to move to Bitmixer, make sure to keep their letter of guarantee so that you can show it if you get scammed again.
4824  Bitcoin / Project Development / Re: A crypto blog on: June 14, 2017, 06:53:32 PM
It's really impossible to give a black-and-white answer to this question.

You have blogs like 99bitcoins which are blatantly monetised to death with sponsorships, as you can clearly see from all the recommendations and reviews that they give as well as the ads all over the page and their Bitcoin faucet.  But despite all this, they're quite respected in the Bitcoin community and they have an alexa rank of about 14,000 (and under 5,000 in the US).

It's all about a few factors:

-Whether you can stick to it for long enough to build up a fanbase before trying to cover it in too many ads or sponsorships.
-Whether you can afford to hire several decent writers as well as yourself.
-Whether you can handle Google Adsense being bastards.

4825  Bitcoin / Bitcoin Discussion / Re: Ladies and Gentlemen, Bitcoin is about to be Centralized on: June 14, 2017, 05:34:20 PM
Permissioned blockchains would be completely separate from Bitcoin.  Banks can try to centralise Bitcoin and they might succeed, but they know perfectly well that there are an unlimited amount of potential altcoins and that at this point if people want decentralisation they will find it and they will use it.

Although regulation will increase the price, because the Bitcoin price is mostly speculation and people feel better buying it when exchanges are safer.
4826  Economy / Trading Discussion / Re: Tips for beginners to avoid getting scammed on: June 14, 2017, 04:28:03 PM
-Don't use escrow sites, they're not very accountable for your actions.  Use a forum escrow, and check their recent trust.  Always make sure that the escrow talks to you directly and verify that you are sending to their public address (always verify their signature).

-Don't trade with other newbies.  Just don't do it.

-Don't deal with PayPal or other reversible money transfer systems.

-Don't trade altcoins unless you've done thorough research on the development team, why the coin needs to exist and other information, otherwise you're practically gambling and you're getting played by whales.
4827  Economy / Service Discussion / Re: 1st BTC withdrawal from Bitstamp... need help :-) on: June 13, 2017, 05:14:13 PM
1) What BTC online blockexplorer is the best/shows the most info? Shows for example from which TXs my ammoutn came out etc.?
All block explorers will show that.  I personally find Blocktrail and Blockcypher to be very smooth block explorers, but many users will use blockchain.info.
Quote from: Mikcik
2) What fee did i pay Bistamp for the BTC withdrawn...? (it was a smaller ammount of BTC) cause it almost looks like i didnt pay any fee for BTC withdrwan... I didnt see any "field" where to enter the fee i want to pay, and even the online explorers dont show any fees (if i understand them correctly) and also my bistamp balance (BTC and fiat) is lowered by only the exact ammount i withdrawn... no fee anywhere...? what is this?
Bitstamp doesn't charge fees for Bitcoin withdrawals. 

However, all professional exchanges set transaction fees themselves (on the actual transaction).  You must not be reading it correctly.  A professional exchange like Bitstamp will most likely set fees of >200 satoshi/byte, often higher, and will have bundled up these transactions into one for efficiency.

You should look at where it mentions the satoshi/byte of the transaction.  Ideally they will have set fees of >400 satoshi/byte, but anything over 200 satoshi/byte.

Post the transaction ID so that we can check.
4828  Economy / Speculation / Re: Where to invest my 20 BTC (lifesavings) on: June 13, 2017, 04:47:10 PM
No cryptocurrency investment is particularly "safe" due to the state of Bitcoin businesses.

Casinos, for example, are extremely poorly regulated and sometimes they can either run off or fail to make profits after a pretty small amount of time.  Even when diversifying some people have lost money in them from not doing their due diligence on the company and its intentions.

Really, you have no good choice.  You could just hold or you could invest in alts (give the top 10 a miss for now, too risky).
4829  Bitcoin / Bitcoin Discussion / Re: Core devs are invested in success of eth...this is why bitcoin has been stalled. on: June 13, 2017, 04:31:52 PM
Makes all the sense in the world.
Many Core devs are against altcoins.  There's no point cherry picking one person with no actual evidence that he's investing in ETH, and then trying to pass it off as some kind of logical argument.

Don't forget the tin foil hat.
4830  Economy / Scam Accusations / Re: bittrex is a scam website - AVOID!- WITH PROOF!! on: June 13, 2017, 03:38:48 PM
They are stalling you for your withdrawal of 0.11BTC? Is that everything you have deposited with them till now? Man this sucks. I was going to sell some GBYTE on their exchange but now I am starting to have second thoughts.
I've bought and sold more GBYTE than that on Bittrex and I've been fine.  There might be some other circumstances causing this situation.

Plus, 0.11 BTC is hardly a "large amount" for them to properly scam anyone for.
4831  Economy / Service Discussion / Re: I wanted to ask, what are the best sites are mining. on: June 12, 2017, 06:05:25 PM
mining sites currently very rare. Because many users who do not want to use this service. Most services will only end up on a scam. so it is better to use your money for something else, something more to make money of course.

Genesis Mining would be the best one among all.
Bullshit.  Genesis Mining is a super shady company.

Even worse, their two-year contracts will never reach ROI.  Your mining profits rely on the price rising constantly, because the difficulty takes a long time to catch up with the price when the Ether price rises 3000%, for example.

Your choices (all of them poor) are:

-Hashnest
-Hashflare
-Genesis Mining.

If you want to see your coins again, don't do it.  And any site with a referral program offering >5% is a scam or will never reach ROI.
4832  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin and Ethereum co-exist? on: June 12, 2017, 05:28:03 PM
Well, let's evaluate their characteristics:

Bitcoin - long-term security/code, making fatal bugs and other major issues unlikely.  High fees, making it incapable of smaller transactions (for now).  Great for big transactions and safer businesses.

Ethereum - shorter-term support which grew extremely suddenly, making major issues more likely but still not particularly.  Implements smart contracts, and is good as a platform for other cryptocurrency tokens to be created.

The reason that ETH is mainly just a platform for smart contracts is because the fees are also high, just lower than Bitcoin, and it's currently not scalable (plus the centralisation problem, which makes innovation potentially compromise security).  If a cryptocurrency were to replace Bitcoin so to speak, it would be one that actually has low fees.
4833  Bitcoin / Bitcoin Discussion / Re: very high transactions on: June 12, 2017, 03:52:32 PM
This is the amount sent overall in the block, with all the transactions in it.  That means that the one with 37,000 BTC in it was all of the 2,291 transactions in the block.

There have been way crazier transactions in the past, such as this one (sending 194,993 BTC a long time ago).

If you're talking about it being unusual that the mean average amount sent in a transaction is a large amount, that's just because fees are very high.  Microtransactions are impractical, so people send large ones instead because Bitcoin is good for that (and very secure).

4834  Bitcoin / Bitcoin Discussion / Re: Now that we are heading to BIP 148... on: June 11, 2017, 09:46:08 PM
>> Why are the developers and/or miners not enforcing "first-come-first-serve" rule in confirming transactions?
Simple question gets a simple answer:  because more transactions are being sent than the amount that the network can handle.

If you based it on that, it would be on the assumption that every transaction has to be confirmed while the network is in this state.  That would mean that as demand continues to exceed supply, the amount of time you have to wait for your transaction to be confirmed gets longer and longer.

The point of fees is to prioritise your transaction so that it gets in earlier.  Of course recently this has changed in that you have to pay a fee, but it's still similar in that to get your transaction confirmed earlier it's justified for you to pay a higher fee.

Plus, this isn't something that can be implemented anyway because miners are working on a profit incentive.  All talk about this would just be about morals speculation of what could theoretically happen, even when it's extremely unlikely.
4835  Bitcoin / Bitcoin Discussion / Re: If you had to pick one, would it be the Legacy chain or BIP 148? on: June 11, 2017, 09:29:52 PM
Quote from: franky1
the other stuff of promises of 2mb is the same empty promise being mentioned since 2015..
I thought BITMAIN and many other miners/large block supporters would agree with SegWit if it involved an increase in block size and a hard fork?

What changed?
a few people jumped onto the githubs and plop in code for the 2mb to be activated at X .. and those requests get deleted.. so even in these new proposals they are so far just empty promises.. only really coding different times to activate segwit sooner than november

60%+ of the mining network and many nodes are waiting for there to be some real code of a real coded implementation that includes a legacy block increase..
True, but it's mainly to do with a consensus.  If a large majority of hashrate and a lot of businesses start supporting a new proposal, it's fine for it to take some time before the code is actually developed.

It's not really an "empty promise" this time, because it's DCG actually telling everyone about who has now agreed on something.

Obviously time is always needed to peer review code etc, but I don't think that any of these companies will be saying "nah, this line of code is wrong, guess we can't support that anymore", when the points are all there.
4836  Economy / Web Wallets / Re: Coinbase Unauthorized Login Attempt? on: June 11, 2017, 09:19:28 PM
Changing your password wouldn't do a lot if you have a keylogger.  Often that's the best way that hackers will find your passwords, and they can end up getting your funds out more easily than you'd expect.

Also, you could have used that password/email combination on another site which was less trustworthy, and they decided to try that combination on several major services.

These scenarios always exist and 2FA is the only way to be safe.  Strong passwords just don't cut it, all they do is mean that people couldn't crack your password quickly with a computer.
4837  Bitcoin / Press / Re: [2017-06-10] U.S. Lawmakers Ask IRS to Clarify Bitcoin Tax Guidelines on: June 11, 2017, 09:04:15 PM
The UK stance is pretty good - just tax it as a commodity.

When buying it, it should be subject to VAT in the same way that other goods, digital or not, are.

That said, I hugely benefit from governments being incompetent and I highly doubt that HMRC, which deals with UK tax, would be competent enough to actually find and tax anyone who holds Bitcoin.

I hope they don't clarify it or crack down on Coinbase.  The longer that cryptocurrencies are basically free without anyone getting prosecuted for tax evasion, the better.
4838  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 11, 2017, 08:53:22 PM
DAO exploit or the most recent one when that Canadian exchange lost $14 million are called weakness in ethereum protocol and apparently it hapens to be easily exploitable. the fact that it does not happen more often is because people are already giving their money to the scumbags in form of ICOs, and when people are handing their money to you, you don't put on ski masks and rub them with machine guns, that is for when they stop giving you their money freely.
Hell, the hackers probably already have the exploit in their back pocket, ready to go at just the right time. And what a perfect way to mega pump the market and mega short on the way down.  Grin
I don't know.  More attention = more coders and professionals getting involved.  If that's true then the longer hackers keep it secret, the higher their risk is of someone legitimate finding the exploit and reporting it to Ethereum (or Ethereum developers finding it themselves).

That said if they did have an exploit it'd be pretty nice being them right now.

Quote from: JimboToronto
we passed $4000CAD according to Google.
3000 USD's on its way.  It's been steadier this time, I don't think there would be a correction coming for a while, except maybe some slight resistance at that psychological barrier.

I believe only the 3 Chinese exchanges passed $3000 barrier until now +/- bitfinex. Was hoping this weekend we will see a +$3k in all the exchanges, maybe this week it will happens
Many of the exchanges are well behind.  The Coindesk price BPI is showing the price hovering around $3000, but the Bitstamp price isn't even $2950, nor is the Coinbase, BTC-E or Bitfinex anywhere near there either.

From most of our perspectives it's still falling short.

I won't be excited until the Bitstamp price has stayed >$3000 for a couple of days without a correction.
4839  Bitcoin / Bitcoin Discussion / Re: If you had to pick one, would it be the Legacy chain or BIP 148? on: June 11, 2017, 08:38:22 PM
Nobody seems to be on board with the NYC agreement so that is out of the picture. If NYC-group hard forks, they claim to have 80%+ of hashrate, but no Core dev is on board with that, and 95% of the network is running Core software, so it would be nonsense if they actually hardfork and ask people to trust some group of non-Core coders paid by Bitmain.

Core stance was they wont propose consensus rule changes, thats why there has to be agreement between Bitcoin companies and individuas for such change, which NYC agreement accomplished. Code is written and reviewed from few Core developers as well, although not by many or the most active ones. The code change is very small, so it is not a big issue, though much more support/review from the most developers could end the Bitcoin scalling problem pretty quickly.
The 95% of the network trusts Bitcoin Core's software. The rest of the nodes is an irrelevant amount so nobody cares about those.
Alternative implementations make up more like 15%.  But Core is still the reference client, yes. 

Quote from: franky1
the other stuff of promises of 2mb is the same empty promise being mentioned since 2015..
I thought BITMAIN and many other miners/large block supporters would agree with SegWit if it involved an increase in block size and a hard fork?

What changed?
4840  Bitcoin / Bitcoin Discussion / Re: ledger expects to sell 1 million hardware wallets this year on: June 11, 2017, 08:09:44 PM
One of very reasons I love BTC is precisely that it's virtual and doesn't require anything but a computer. Can't understand why some people want a hardware wallet which can break, or be stolen.
I think you need to read up a bit more on hardware wallets.

They give you a seed which lets you recover your funds from many major wallets (in TREZOR's case Electrum for example, as well as many others), or you can recover from another TREZOR.  When you recover from another TREZOR you don't even expose your seed to the computer, because your TREZOR randomises which words you have to put in, making it very difficult to find the order of the 24 words.

This makes hardware failure, loss or even stealing basically irrelevant, unless they take your seed.  Most modern robbers would only take it because they see a piece of technology, so they wouldn't search for your seed when it's hidden in a bank safety deposit box for example.

You also have passphrase encryption, and you can use multiple passphrases and hidden wallets to protect against 5-dollar wrench attacks.

It's not the most secure thing in the world but for someone who's not very tech-savvy it's extremely good.
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