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4881  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2) What fee did i pay Bistamp for the BTC withdrawn...?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fees (if i understand them correctly) and also my bistamp balance (BTC and fiat) is lowered by only the exact ammount i withdrawn...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.
4882  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).
4883  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.
4884  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.
4885  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.
4886  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.
4887  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).

4888  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.
4889  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.
4890  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.
4891  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.
4892  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.
4893  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?
4894  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.
4895  Bitcoin / Bitcoin Discussion / Re: If you had to pick one, would it be the Legacy chain or BIP 148? on: June 10, 2017, 01:26:21 PM
The "real" Bitcoin is the majority chain.  But I wouldn't make that judgement for at least a few weeks, because it might not be completely clear how BIP 148 has done for a while.  

Obviously if there's a split it means that BIP 148 starts off as a minority chain, so I'd give it a bit of a chance to see if the economic pressure on miners ends up working.

People who sell one chain as soon as the split happens are very likely to shoot themselves in the foot and are basically gambling with their money.  If they have a large amount they'd be insane to go 100% on either chain, no matter how strongly they believe in something or how bleak it looks for one side.


4896  Economy / Speculation / Re: Speculators Eye the Day When Bitcoin Price Hits $1 Million on: June 10, 2017, 12:47:58 PM
As for now, according to coinmarketcap, bitcoin's dominance has fallen as low as %43.8.

Bitcoin is already bleeding since late February.
-snippity snip snip-

Eth alone sucked most blood from bitcoin. (Eth dominance is %24 at the moment) Even if we add eth back to bitcoin, it will be around %68. Still nowhere near to %86.

Bitcoin lost so much in a such short time because of a stupid fight over scaling.

On the other hand, if the problems get solved (via segwit) before it is too late and if btc gains its dominance back, we'll be very close to 10k$ instantly.

Ethereum will be the biggest "Bubble" we have ever seen in Crypto currencies. A centrally controlled currency have much bigger risks for the

owners of that currency and to top that, ETH have no coin cap. Bitcoin's value are based on rarity and supply and demand. When you have a

unlimited supply of a currency, it has no real value. I can create a game, where I sell in-game tokens to play the game... these token are not

capped, so I can create as much as I want to.... [ insert --> toilet paper Fiat currencies here ]

Bitcoin can be worth $ 1 000 000 per Bitcoin, because there are a capped supply.  Wink
ETH doesn't really have an "unlimited supply" though.  It has a supply which increases by 18 million Ether each year, beginning with the 60 million from the crowdsale.

This means that the relative inflation rate decreases each year.

Also, due to lost coins the increase in supply would eventually match the amount of lost coins, making the inflation rate approximately zero.

The real threat is ETH devs toying with the supply later, since they fork 24/7.  Centralised development is the problem, not any current systems which are intended for ETH.
4897  Bitcoin / Mining speculation / Re: When does it make sense to just buy the coin instead of a mining rig? on: June 10, 2017, 09:07:19 AM
It would be pretty profitable to start mining in the midst of a speculative bubble or to be mining through one - the reason being that difficulty can take quite a long time to catch up with price when the price goes up extremely fast (like it has in the past few months with Bitcoin and alts).

If the market growth is slow it would probably end up being less profitable, unless the speculative bubble ended too violently and the price went really low after the difficulty went up.
4898  Bitcoin / Press / Re: [2017-06-10] Kraken Enforces A Flat Withdrawal Fee for Bitcoin Transfers on: June 10, 2017, 08:57:01 AM
0.0025 fee for withdraws?

this is crazy

how much they actually pay in fees?


Lower than average. Another thing is that they bundle withdrawals - exchanges wait till 5-10 people are withdrawing money within a few minuts apart, and then push these coins towards their owners. They collect 5x or 10x 0.0025BTC in fees, and add just 50% of the withdrawal fees people paid as transaction fee.
Really, the fee shouldn't be more than 0.001.  With the withdrawals bundled together I'd be surprised if they had to pay more than 0.0005 in fees for each withdrawal.

The main reason why they would do that is to encourage people to bring liquidity, but this doesn't actually bring a significant incentive.

Exchanges can get away with some crazy policies now just as a "fee" for being relatively trustworthy.  People don't even care about exchange fees much anymore, just about avoiding the 99.9% of exchanges that are shady as hell.
4899  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: June 10, 2017, 08:29:49 AM
What are the benefits of mixing your coins when you are not into illegal stuff Cheesy

I see the benefit when someone got btc through some shady transactions or even stole them but when I am simply doing my everdays transactions why should I be incentivised to use this?
Because your everyday transactions could be traced if someone wanted to analyse the blockchain.

For example, you sign up to an exchange like Coinbase and you give them your ID.  Then every time you send Bitcoin, it could be linked back to that address and potentially to your identity.

Or, you sign a message with an address on Bitcointalk and your email is public.  Then someone could potentially find your identity through other means.

Any ties that you have to your addresses can be a privacy issue for you.  Even when it's not likely, mixing is a nice convenience when you're not a public figure.
4900  Bitcoin / Mining speculation / Re: When Antminer IS Shipping Again ? on: June 10, 2017, 07:55:31 AM
It says this on BITMAIN's site.

Antminer S9:  16-21 August.

Antminer L3:  28th of August to 12th of September.

It's a damn shame that it's so long from now, considering just how quickly the difficulty will be rising to reach the price.

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