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4941  Bitcoin / Bitcoin Discussion / Re: what core devs say on UASF on: May 31, 2017, 05:10:22 PM
/r/btc, im not clicking on that cesspool.
So you won't even read something because it doesn't confirm your preconceptions?

It doesn't give r/btc ad revenue or anything, it doesn't support them in any way... so all that avoiding r/btc would be doing is trying to stay in an echo chamber.

That's the same mentality that r/btc and r/bitcoin both have of staying in their respective echo chamber.

Jonald, I get your point.  However, I think most people on here as well accept that UASF is risky.  I would argue that if it has nearly universal business support (which it doesn't yet), the miners would move over.

It all depends on what companies move over.  In any case, if business support is mixed it would be a complicated split which could last for a while.  The thing is that this means a compromise from SegWit doesn't have to be going far to pull a few businesses away from UASF, which would in turn make it very difficult to complete.

I think it's a good thing that Core devs recognise this though.  It shows that they're not one giant evil organsation standing in their nuclear bunkers watching over us all like a halk.  It doesn't mean that UASF has to be impossible - they're just not deluding themselves into thinking that it's completely safe.
4942  Economy / Service Discussion / Re: How Bitcointalk Escrow Works on: May 31, 2017, 04:47:42 PM
LocalBitcoins' built-in escrow is just LocalBitcoins holding the funds for you.  It's exactly the same as anyone else holding your funds and LocalBitcoins could run off with a huge amount of funds.

The difference between LocalBitcoins escrow and forum members' escrow is that it would be much easier for LocalBitcoins to selectively scam.  If the escrows on here scammed a single person, that person would be all over the forum proving their PM conversations and that the escrow hadn't paid after the deal was completed.  No one would use their service anymore.

People have specifically trusted thousands and thousands of Bitcoin with these escrows.  OGNasty has escrowed around 20,000 Bitcoin, including many very large transactions at once.
4943  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: May 31, 2017, 02:07:12 PM
Quote from: Chipmixer
I just want to play a little Devils Advocate here and question your donation payment option. Is this not one of those cases where you are pulled into a services with little or no fees and once you are hooked <you like the service> then they change the business model to a new higher fee structure. < Basically what Circle did to build their user base with Bitcoin users >
We are giving an option now - try it for free and if you like it, pay what you think it is worth.
We are not denying that if this business model is wrong, we will change it. Would it be better to just close the service that everybody uses and likes, but not enough to pay for it?
IMO it's basically impossible for Chipmixer to set really high fees anyway.

Bitmixer only has fees of 0.5%, and some other trusted mixers have even lower fees than that.  Considering the sort of volume that the biggest and most trusted mixers tend to get, it really doesn't have to be a lot of the mixed coins as a percentage.

If Chipmixer, as a newer mixer, started setting high fees then they just wouldn't have many users.  And the amount of donations they'll get in the early stages (before they reach that trusted point) will probably be just as much as the low fees that they would have to set.

Especially considering the gambling feature.
4944  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2017, 01:52:05 PM
I sent bitcoin few days ago with $0.25 fee which is what was recommended by wallet and it still hasn't confirmed. Is it really that bad?
Are you sure your wallet didn't recommend a $2.5 fee?  That would be pretty normal at current rates.  Even the smallest transactions around have no chance of getting confirmed with that kind of fee.
4945  Bitcoin / Bitcoin Discussion / Re: So....Bitcoin the new alt Eth the main? on: May 31, 2017, 01:29:17 PM
actually I am kind of glad this happened. because finally, either I will be proven wrong and I'll gladly accept it, or we see that I am right and maybe people start looking at other things than just price and marketcap when it comes to comparing an altcoin to bitcoin.

let ethereum become bigger, more used.
let the number of transaction on its network increase to near bitcoin's level.
let ethereum network be "stress tested" for 3 years, something that we have been experiencing in bitcoin with the same name but it is really spam attack.
let the transaction fees grow to $0.75 (currently there) and then $1 and then $2 and so on.
let the size of their blockchain get extremely big and centralizes the nodes
let the mining of it become big and let China get in on it and start their farms with new more efficient equipments.
let another DAO scam and another roll back hard fork and a chain split happen.

and lots more, and then lets see how they will do in real world not just on exchanges and on paper with some numbers showing bigger marketcap because they simply have 6 times more the supply of bitcoin but not even half its circulating supply or distribution.
the point is active DEV is taking place on ETH
The difference is that if the ETH devs were inactive there would be no way out.

Bitcoin has clear alternatives like Rootstock and BU, and whether or not people like them is another matter - the point is that Bitcoin has the opportunity to change, while ETH's development is so heavily centralised that its path seems fully dictated by Buterin.

More tokens could be created in future versions for all we know, considering that they hard fork at a rate of fifty hard forks per second.

ETH is like the evil genius of the crypto world, getting bigger and more evil as it goes on.
4946  Economy / Trading Discussion / Re: From $25 to about $200. My most challenging Trade so far on: May 31, 2017, 12:48:01 PM
it is great, isn't it. specially these days.
but it takes a lot out of you. i am mostly day trading altcoins, or generally joining the pumps and jumping out of the train before it reaches the destination. but that also takes a lot of time and has lots of stress. i usually give it up but the profit and my greed brings me back Cool

Unfortunately it looks like the blockchain tech surge is finally reaching its peak.  To be honest it was just empty speculation - you could have literally picked any coin in existence and held it for a couple weeks and you would have more than doubled your money.  Even the most obscure shitcoins in existence have got pumped, all at the same times.

Christ, the Internet is weird.

Anyway, good luck OP.  Don't get caught up with all the high gains - they can't last forever.  And make sure that a lot of your profit is realised, in case something bad happens. 

It's a risky game you're playing.  Just make sure it's based on skill rather than luck.
4947  Alternate cryptocurrencies / Altcoin Discussion / Re: What are the benefits of decentralized exchange platforms? on: May 31, 2017, 12:42:23 PM
It's a slowly developing system.  It's something which is made far more practical due to blockchain technology, but I would personally still give it a couple more years before I start throwing all my coins in their direction.

The low liquidity is just a side effect of the fact that they're new.  I'm sure that'll change with time and with suspicious outages from Poloniex.
4948  Other / New forum software / Re: A suggested feature in the new forum: sig campaign ranking on: May 31, 2017, 12:33:59 PM
Signature campaigns are just private companies deciding to advertisement campaigns by getting users that they regard to be "trusted" (those with higher ranks) to post.

The way I see it, a "rating" system which changes people's rate of pay would increase the level of spam, because it would create the idea that signature campaigns are directly endorsed by the forum, when in fact they're just an accepted part of the free marketplace.

Furthermore, anyone who is suspected of being a spammer should be banned.  Period.  They shouldn't be given partial pay because they're a spammer... just kicked out.
4949  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Buy ETH + LTC via credit card on: May 30, 2017, 08:27:39 AM
ETH and LTC are both listed on Coinbase.  For credit cards, that's probably the easiest choice as long as you don't mind verifying your identity.
4950  Bitcoin / Bitcoin Discussion / Re: BREAKING NEWS: Russia Adopting Bitcoin. Price Explosion Imminent!! on: May 29, 2017, 10:03:42 PM
A country doesn't "adopt" Bitcoin until a large number of people begin using it, regularly, as an alternative to fiat currency.

Allowing something to exist does not encourage it, and a few merchants accepting it in addition to fiat does not indicate adoption at all.

Any price rises which happen from this would just be empty speculation, not based on actual users.
4951  Bitcoin / Wallet software / Re: want to buy & hold bitcoin & ethereum - software choices on: May 29, 2017, 06:08:23 PM
Not really.  Jaxx is good for someone who uses multiple coins on a regular basis, but if you want cold storage and long-term storage you'd be best off creating separate paper wallets for each coin.  You could have the paper wallets in safes, bank deposit boxes or buried, to give some examples.

You could also try using a TREZOR with multiple passphrases including a decoy.  Then you're quite safe from 5-dollar wrench attacks, hacking and nearly any other problems I can think of.  

I'm pretty sure you can store Bitcoin and Ether in the same TREZOR, using MyEtherWallet as well as their regular one.

It all depends on the level of security you want.  If you get Jaxx it will probably be okay, but you're susceptible to viruses and you might not know if something happens since you wouldn't be accessing it regularly.

Thanks for the reply.

A little more info - my wallet platform is linux. I've installed Armory and EthereumWallet. I was just wondering if there was a simpler option than parallel software for both currencies. It would be convenient to just purchase one or the other and then convert some amount to the other, and also to manage both from a single wallet.
Yep.  For that kind of purpose, Jaxx would be ideal.  You could also try depositing some Bitcoin that you bought into an altcoin exchange like Bittrex and then withdrawing from there into your wallet, which would avoid potentially high fees from Jaxx (I think their fees are 1% or something - integration with Shapeshift).
4952  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm very green...just some questions about bitcoins on: May 29, 2017, 06:01:13 PM
No, you're basically right.  Most of these coins are seldom used for anything other than speculation, and sometimes they die a quick death (or, let's say, drift into inactivity - real decentralised coins never die as such).

Sometimes their speculation is okay though - ETH is usually not used to buy anything, but due to the possibility that it could be used to help the creation of wider blockchain applications, its price has rose and is fairly unlikely to fall even though it's somewhat centralised.

4953  Economy / Trading Discussion / Re: What Are The Most Common BTC Scams? on: May 29, 2017, 05:41:34 PM
-Cloud mining, excluding Hashnest, Genesis Mining (shady) and Hashflare.

-"UK registered" companies

-Online wallets which claim to provide anonymity

-Phishing for blockchain.info wallet users (and sometimes other users)

-Any Bitcoin mining software which is supposed to be for your PC

There are many more and the obvious Ponzi scams, but I'm basing this on the assumption that you're not an idiot.
4954  Economy / Exchanges / Re: Wirex bitcoin transfer fees out outrageous? on: May 29, 2017, 05:19:52 PM
Wirex is automatically paying the appropriate fees for your transaction.  They're not service fees (a small amount could be), but miner fees for Bitcoin transfers.

The fees are not about how much Bitcoin you're sending, they're about the size in bytes of your transaction.  So if you sent larger payments, the fees relative to them would be much smaller. 

Currently microtransactions are impractical with Bitcoin due to the clogged network, which is resulting in high fees.  This will change if/when scaling is implemented, but until then sit tight and keep it to large transactions or deal with the high fees.
4955  Bitcoin / Wallet software / Re: want to buy & hold bitcoin & ethereum - software choices on: May 29, 2017, 02:15:33 PM
Not really.  Jaxx is good for someone who uses multiple coins on a regular basis, but if you want cold storage and long-term storage you'd be best off creating separate paper wallets for each coin.  You could have the paper wallets in safes, bank deposit boxes or buried, to give some examples.

You could also try using a TREZOR with multiple passphrases including a decoy.  Then you're quite safe from 5-dollar wrench attacks, hacking and nearly any other problems I can think of.  

I'm pretty sure you can store Bitcoin and Ether in the same TREZOR, using MyEtherWallet as well as their regular one.

It all depends on the level of security you want.  If you get Jaxx it will probably be okay, but you're susceptible to viruses and you might not know if something happens since you wouldn't be accessing it regularly.
4956  Bitcoin / Bitcoin Discussion / Re: That moment when you buy 1BTC at $2500 on: May 29, 2017, 02:06:54 PM
Most people are saying hold, but if you have more fiat garbage to spare then you should buy.

If you ever buy right before a dip, just buy the dip as well.  Buying 1 Bitcoin at $2000 when the dip happened would have made your average price $2250, which is pretty much what the price has just recovered to.  So then you basically wouldn't have lost anything at all.
4957  Bitcoin / Bitcoin Discussion / Re: three questions about Bitcoin, Ethereum, and Central Banks on: May 29, 2017, 01:49:14 PM
1. Can one compare Satoshi Nakamoto to Vitalic Buterin? The former disappeared in 2010,  the latter is here to stay, working hard with the the Enterprise Ethereum Alliance to become stronger?
The difference is that Satoshi created a peer-to-peer digital cash system, while Buterin utilised smart contracts to create wider blockchain applications.  ETH is centralised in terms of development.  Active development without controversy from different devs = centralisation.  ETC could potentially be a competitor so to speak, but smart contracts could potentially be integrated into Bitcoin anyway like Rootstock devs have proposed.
Quote
2. Can ETH (market cap ~ 17 Bln, since 2015) overtake Bitcoin's market cap (~36 bln, since 2009) because of a better management and better technology i.e. the SegWit scalling saga which were  held back for 1.5 years becasue of one Chinese company?
If it did, it wouldn't matter.  They have different niches and the market cap is not an indicator of usage or even total value.  Regardless, it's unlikely.
Quote
3. Can central banks with their no-ethic (=the enemy) print unlimited amout of fiat, just to buy Bitcoins in order to later at the "right time" ignition a massive "panic"-sell in large numbers to crash the Bitcoin system again and again and again?
No, but what they could do is work with altcoins like Ethereum and Ripple, which they're already doing.  That's what happens when a cryptocurrency is centralised.
4958  Economy / Trading Discussion / Re: Should I use a 'middleman' or a currency exchange? on: May 29, 2017, 01:29:29 PM
It's extremely easy to transfer your Bitcoin to an offline wallet from Coinbase.  It's just like any other transaction - you get an address that you want to send to from your offline wallet, then you just send from Coinbase. 

As for what offline wallet you get, it depends what you want to do with it.  If you want ultimate security and you don't need to use it regularly, I would consider a paper wallet.  If you need to do regular transactions, I would look into a TREZOR or another hardware wallet.

I would, however, recommend using Bitstamp instead of Coinbase to dramatically reduce your fees.

P.S: most people won't mind whether you say "bitcoin" or "Bitcoin".  Personally I just use the capital for everything.
4959  Bitcoin / Bitcoin Discussion / Re: UASF Activation on: May 29, 2017, 01:16:14 PM
The resume of the different possibilities is this:

95% of hashrate locks-in segwit before August 1st. No chain split at all.

51% of hashrate deploys BIP148 before August 1st. No chain split at all.

51% of hashrate deploys BIP148 after August 1st. Chain split gets resolved.

Legacy miners are compelled by the economy to switch to BIP148 after Aug 1st. Chain split gets resolved.

In Fantasy Land, maybe.   Roll Eyes

In reality, there are definitely more than a few different permutations you've overlooked or simply neglected to mention.  Including, not limited to, contentious splits and UASF being a complete non-event and falling flat on it's face.  Or even forming a minority chain and splitting as an altcoin.  Your post assumes a significant proportion of nodes are on board with UASF, but that remains to be seen.  51% hashrate may not cut it to avoid a chain split, particularly if the current ~750 nodes signalling doesn't increase drastically.  You also need to take into account recent support for the SegWit + 2MB compromise proposal, amongst others, eating into support for any user-activated nuclear option.

I'm hearing a lot of noise, but not seeing a lot of action to back it up.





The nodes are there already, now we just need the hashrate. If it gets anywhere near 30%, the domino effects begins then it's unstoppable. It only takes a small amount of hashrate to smart making the rest of miners shit their pants and have second thoughts about continuing in the ASICBOOST-bugged centralized chain.

At 51% only an idiot would still be mining legacy.
I don't know where you're getting your statistics from, but currently only a very small amount of nodes are signalling for UASF.

It could change as businesses get on board and UASF draws closer, but for now it's only considered relevant because miners don't seem to be doing anything and the SegWit + hard fork proposal is disliked by a lot of Bitcoin Core supporters.
4960  Bitcoin / Hardware wallets / Re: Secalot, a hardware bitcoin wallet with extra features announcement. on: May 29, 2017, 12:46:37 PM
Clever stuff.  Reminds me of the old Ledger hardware wallets but with added capabilities.

Some of these functions are already available on my TREZOR though, like 2fa, passwords and integration with other wallets like Electrum.  How much are you thinking it'll cost if I wanted to replace my TREZOR with it?  Also, do I get a written seed for hardware failure?
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