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4881  Bitcoin / Development & Technical Discussion / Re: Bitcoin Core 0.16.0 binaries available on: February 26, 2018, 03:53:50 PM
Anyone that has an old wallet.dat from early Bitcoin-qt days has tested it by the way? Any problems?

Do legacy and segwit addresses show up fine the GUI? got some screenshots to see how it looks like? I can't install it currently, im out and will not be back home for a while.

The old wallet loaded OK but it is empty so I couldn't test beyond that. To use Segwit you need a new wallet anyway so I renamed that and it made a new Segwit one automatically. Getting a new receiving address give a Segwit one start '3'. I'm still trying to work out how to get a bech32 address.

Edit: Official release thread has appeared https://bitcointalk.org/index.php?topic=3024763.0
4882  Bitcoin / Bitcoin Discussion / Re: Be worried about BCH? on: February 26, 2018, 03:14:26 PM
i wish OP was clearer but my guess is that he is talking about the "talk about increasing BCH block size to 32 MB or something in that ballpark. and so far as i know it was all a proposal and it has nothing to do with its price. the price of BCH like many other altcoins is controlled by pump and dumps and how many fools invest in it.
A base-block size increase to 32 Mb doesn't make sense when the average block doesn't surpass just 1 Mb. Is Roger Ver really expecting Bitcoin Cash's popularity to multiply with at least 8? That sounds really insane if you ask me.

That is because it's the only thing his developers know how to do. Right after the fork they were talking about going to 16Mb, so it is his logic that 32Mb is twice as good.

I just checked on https://blockchair.com/ and Bitcoin is currently processing 2.85 Tx/s and BTrash is 0.20 Tx/s. Pretty unlikely it will need scaling ever.
4883  Bitcoin / Bitcoin Discussion / Re: Would you move to a tax haven to protect your crypto trillions? on: February 26, 2018, 02:59:41 PM
Yes, you would have to provide the UK tax man with plenty of satisfaction before he lost interest. I think you'd only be able to visit the UK for 90 days of the year or 180. But on top of that it's subjective on their part. They want to be sure you've done a clean break and aren't just dabbling and there doesn't appear to be a definitive set of steps to prove that.

That's partly due to UK tax regulations being a lot tougher on expats than a lot of other countries. I used to go to The Cayman Islands on business and met a British guy there who was living in Spain and The Caymans. He needed to spend 1 day over 6 months in each year to qualify as a resident there.

To answer the question I would consider it but it would have to be a hell of a lot of money.
4884  Other / Meta / Re: Is the Merit System Generating Enough Merits? on: February 26, 2018, 01:35:23 PM
There's something wrong with that calculation though: https://bitcointalk.org/index.php?action=merit;stats=topsendat

Quote
Most generous merit senders, all time
84187 merit has been sent in total.


Because this is the first month in the new system and people started with sMerits to give away..
Once those merits end and we start depending only on merits generated by sources the amount of merits generated per month will be around 24k if the number of sources or the amount they generate doesn't increase.

OK, that makes a bit more sense. But taking a Sr. Member as an example you say in the OP:

"Sr. members get 14% x 24k = 3360 which is enough for 3360/250 = 13.44 members every month."

But it takes 8.5 months to get the extra 240 activity to become a Hero.
4885  Other / Meta / Re: Is the Merit System Generating Enough Merits? on: February 26, 2018, 12:31:37 PM
By the OP's numbers if I calculate correctly there have been almost 24,000 merits given out.

There's something wrong with that calculation though: https://bitcointalk.org/index.php?action=merit;stats=topsendat

Quote
Most generous merit senders, all time
84187 merit has been sent in total.
4886  Bitcoin / Bitcoin Technical Support / Re: Fees are low, use this opportunity to Consolidate your small inputs! on: February 26, 2018, 11:13:15 AM
Miners don't set fees (unless they engage in spamming the network)

One other way they attempt to set fees is by not including transactions below a certain level. For example, F2pool is ignoring anything below 5 sat/vbyte.

https://btc.com/00000000000000000038714687ae289db0d6d4a5beaa2f338108e78a37e0133b?page=1&asc=1&order_by=fee

Several other pools including Antpool were doing it recently although they seem to have given up now and excepting low fees are here for a while.
4887  Bitcoin / Development & Technical Discussion / Re: SegWit, Industry standard for the future? on: February 26, 2018, 10:59:13 AM
Why are we making things so complicated or is this just a temporary solution to push SegWit quicker into mainstream use? Please share your experience and which implementation you used and why you chose to go that route.

As I understand it the end goal is bech32 addresses for Segwit and the other implementation is indeed meant to be tempory. That's the reason I've gone straight to using bech32 on Electrum. That also allows me to keep a legacy wallet that I can use until everyone catches up and I can withdraw to the bech32 wallet from all services.
4888  Economy / Gambling discussion / Re: Have you ever won a prize in Freebitco.in Lottery? If yes, how much? on: February 26, 2018, 08:55:10 AM
Never heard anyone won lottery (any prize as far as I remember) in here, please prove me if I am wrong, didn't update for ages.

Here you go https://bitcointalk.org/index.php?topic=319540.msg19579502#msg19579502

That's one and I think that at least three have posted on the forum. Try Google search and you might find the other two.
4889  Bitcoin / Bitcoin Discussion / Re: Forum moderation policy on: February 26, 2018, 08:11:06 AM
This is a big issue for me,why my other post been deleted,i dont know the reason, if it is erroneous or manually deleted.

Take a look at the Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ and see if you can work out which rule you broke. (Hint rule 1. No zero or low value, pointless or uninteresting posts or threads. is usually the winner).
4890  Bitcoin / Bitcoin Discussion / Re: Bitcoin upgrades on: February 26, 2018, 05:50:17 AM
The nodes on the lighting network don't look "completely decentralised" to me, if you look at the live view of the lighting network nodes you can see a lot of centralization on the nodes with mostly 9 nodes connecting the 873 nodes together.

So you don't know what decentralised means. A picture often helps.

https://upload.wikimedia.org/wikipedia/commons/b/ba/Centralised-decentralised-distributed.png


And the "off-chain transactions" means the lightning network doesn't opperate on the blockchain right?

That's the point, Bitcoin is way ahead of the altcoins in making this possible.


Any reason it can't be distributed then?

Distributed networks quickly run into scaling limitations so using a decentralised network becomes a necessity to achieve mass adoption. If you know anything about data networks then this might help you understand https://medium.com/@melik_87377/lightning-network-enables-unicast-transactions-in-bitcoin-lightning-is-bitcoins-tcp-ip-stack-8ec1d42c14f5


4891  Bitcoin / Bitcoin Discussion / Re: Bitcoin upgrades on: February 25, 2018, 04:44:35 PM
The nodes on the lighting network don't look "completely decentralised" to me, if you look at the live view of the lighting network nodes you can see a lot of centralization on the nodes with mostly 9 nodes connecting the 873 nodes together.

So you don't know what decentralised means. A picture often helps.

https://upload.wikimedia.org/wikipedia/commons/b/ba/Centralised-decentralised-distributed.png


And the "off-chain transactions" means the lightning network doesn't opperate on the blockchain right?

That's the point, Bitcoin is way ahead of the altcoins in making this possible.
4892  Bitcoin / Bitcoin Discussion / Re: Bitcoin upgrades on: February 25, 2018, 04:21:14 PM
Isn't Lighting Network more of a centralized solution and not part of the Bitcoin blockchain but a third party application?

No, it is completely decentralised. It is a layer 2 application which uses Segwit to enable off-chain transactions and there are currently 3 variations of software available, all open source.
This is why Bitcoin is already far ahead of the altcoin competitors.

4893  Bitcoin / Bitcoin Discussion / Re: Bitcoin upgrades on: February 25, 2018, 04:14:06 PM
Why don't the developers just update Bitcoin like any other normal altcoin on the market?

For example give Bitcoin an update for larger block sizes, faster transactions speeds, privacy features, more transactions per second, lower fee's and maybe add in smart contracts.

You could do a bit of research into Segwit, implementing Segwit has increased the block size. Then reseach Lightning Network to see how transactions speeds are being made faster. You might also want to have a look at Omni Layer http://www.omnilayer.org/ which has been used for smart contracts on the Bitcoin Blockchain for a long time.
4894  Bitcoin / Development & Technical Discussion / Re: Is bitcoinfees.earn.com systematically overestimating fees? on: February 25, 2018, 12:12:58 PM
Seems like someone at bitcoinfees.earn.com saw this thread, because they have now lowered the recommended fees to 10 sat/byte like everyone else.
yeah bitcoinfees lowered it, but now I'm seeing weird situation
btc.com 100 Satoshis/vbyte | 0.001 BTC/KvB
bitcoinfees.earn.com 10 satoshis/byte
coinb.in 1 Sat/Byte
btc.com's graph shows a spike in mempool size around early midnight 2am on 2018-02-24
now it's already returned back to normal low mempool size but fee rate still 100s/B while bitcoinfees 10s/B
only coinb.in shows 1s/B Cheesy because it uses reference fee from transaction in block 510839 (5 blocks back)
like I said... weird Roll Eyes

Apart from that midnight to 8am period the fee to get into the next block really should be 1 sat/vbyte. The picture from jochen-hoenicke.de the last 2 days is a bit odd, to say the least. 70Mb at 1 sat/vbyte added at a constant rate over 24hr then stops and takes 24hrs to clear.

https://i.snag.gy/h1AmKr.jpg

4895  Bitcoin / Development & Technical Discussion / Re: Is bitcoinfees.earn.com systematically overestimating fees? on: February 25, 2018, 10:23:23 AM
bitcoinfees.earn.com, I don't know which mempool source they used to estimate the fee
I think last december/january high tx fee rate was the product of misplaced trust in bitcoinfees.earn.com estimation fee

I'm not certain but I'm guessing they are running their own node.

Seems like someone at bitcoinfees.earn.com saw this thread, because they have now lowered the recommended fees to 10 sat/byte like everyone else.

You'd still be overpaying by following them. It looks like 10 sat/byte is the lowest they estimate -- they round to the top of each fee range and it jumps from 0 to 1-10. That's pretty annoying during low fee periods like this.

None of the estimators are great. I sent an urgent transaction earlier today during an apparent traffic spike. Core estimated the next-block fee ~ 65 sat/byte. Earn.com estimated it at 100 sat/byte. I sent it ~ 20 sat/byte and it got confirmed in the next block. I should have checked the most recent blocks; 1-2 sat/byte transactions were confirming.

Core seems pretty slow to react to drops in mempool size. But earn.com seems slower, by hours.

Right now the mempool is completely empty and miners can't find enough transactions to fill the blocks but earn.com still shows many transactions queued up at high fees.

https://i.snag.gy/rEwRaU.jpg


4896  Other / Meta / Re: Hacked account Patron92 on: February 24, 2018, 10:20:01 AM
Nice find. You would think if they were capable of gaining access to an account through what ever means they used they wouldn't be so stupid to send a massive amount of merit out of the blue wouldn't you?

Keep an eye on this account and they'll likely make the same mistake twice and expose another hacked account.

I guess accounts thieves aren't the brightest. The ifightformerkel account just sent 9 to WebTera. The same pattern of sending the required amount of merit to rank up but this one is a Jr account so looks to be being farmed rather than hacked.
4897  Other / Meta / Re: Merit & new rank requirements on: February 24, 2018, 07:26:32 AM
Plz fast go 1 Merit New rang Member Wink one merit is not much help and ask for what you want Wink

Looking at this post and your trust wall I think you missed this in the OP.

Do not beg for merit excessively.
4898  Other / Meta / Re: Merit & new rank requirements on: February 24, 2018, 06:04:53 AM
Why has the merit list been removed for this thread?     Angry

I don't find it ugly or distracting at all... I think it shows the community this post is worth reading!


There is some issue with that I think. I see it disappearing and then again appearing in few minutes. If I remember correctly, it has happened in the past as well.

It has indeed been randomly displaying or not at various times. I think this is some sort of overflow error rather than deliberate.
4899  Other / Meta / Re: Bitcointalk Running Cloudflare on: February 23, 2018, 03:18:08 PM
He previously made a big deal about not using cloudflare, since it means that a little trust has to be given to cloudflare not to look at you shit.

This is correct, it was done with much reluctance due to the ever increasing DDoS attacks the forum was coming under. You can read what theymos said about it at the time in this thread https://bitcointalk.org/index.php?topic=2485318.0
4900  Other / Meta / Re: Forum ranks/positions/badges (What do those shiny coins under my name mean?) on: February 23, 2018, 02:17:03 PM
Folks, i got a question. How could I increase my merit?
Can any one here , Please reply I also want to know How to add merit ?? please please  Huh Huh

So you managed to find this thread but not the one about merit, amazing. https://bitcointalk.org/index.php?topic=2818350.0
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