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5201  Other / Off-topic / Re: To let shilling go unchecked is dangerous, he’s some proof as to why on: April 22, 2017, 07:58:50 AM
Spread the knowledge of shilling/trolling and keep track of the shills and their habits. When you can, out them when they post.

Add to my thread here and refer it to people who might not know.
https://bitcointalk.org/index.php?topic=1879789.0
OP, let's review your recent scaling-related posts before this thread:

Quote from: FiendCoin
Shilling on Bitcointalk has moved to epic levels and I’m tired of it. Battling these shill/trolls is like a part-time job with no pay and little reward. Any newbie coming here for information will have problems discerning what’s true due to these shysters. Instead of outright censorship, as a public service, I offer the Bitcoin Shill Force List!

Anti-Core, anti-Blockstream, pro-Bitcoin Unlimited/alternate client (classic, XT, EC, EXT Blocks, etc.), or Alt coin shills:

franky1 (alex.BTC?)
jonald_fyookball (also shills on Reddit)
iamnotback (thinks he’s a programmer, haughty, Alt coin shill, 24/7 posting?)
kiklo (angry, rude)
cryptoanarchist

Quote from: FiendCoin
Lets see how long before the shills come to defend Emperor Wu.

Quote from: FiendCoin
Congratulations, you're the 3rd or maybe 4th shill alt to call me stupid today, just brilliant.

Pat yourself on the back and keep up the good work!

Quote from: FiendCoin
Shills going to shill until they can't and then they resort to name calling smh..

Quote from: FiendCoin
Unlike you, I don't get paid to post, I do it for the lols so I don't care what anyone thinks. I'm not trying to convince anyone of anything unlike you and your shill buddies.

I just like to point out the bullshit shills as a public service  Grin

Quote from: FiendCoin
So says the franky1 alt account  Cheesy

Quote from: FiendCoin
There is no point in arguing with you about anything because you are a paid shill.

Point in fact, if you are pro decentralization you would be anti BU.

Where you stand is well documented, that's why people know you as a shill, its the only explanation why you post the bullshit that you do.

And finally, the most ironic of all:
Quote from: FiendCoin
People notice your name because you keep posting the SAME bullshit over and over, again and again, hour after hour, day after day, on and on and on...



I'm not here to use any ad hominems against you or personally insult you, but it seems like you haven't actually argued anywhere at all in favour of Core or against BU.  You have only relentlessly called everyone else a shill, over and over, again and again, hour after hour, day after day, on and on and on...

It really is getting a bit boring.  I was quite in favour of Core and still am but I don't let my own biases portray everyone else as evil or view myself as the great saviour of Bitcoin or something.
5202  Other / Politics & Society / Re: UK PM Calls For Snap General Election on 8th June on: April 21, 2017, 09:17:35 PM
http://www.telegraph.co.uk/news/2017/04/20/labour-not-trying-win-general-election-senior-mp-admits-least/

And check this. It does feel a little like we've been in a parallel universe the last few months and it's not letting up.
Half of the "New Labour" MPs seem to just want the Tories to win.  It's just a self-fulfilling prophecy - they say that Labour is unelectable and then basically argue that they shouldn't be elected because they're unelectable, and in turn that stops them getting elected.  Very confusing.
5203  Bitcoin / Bitcoin Discussion / Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether on: April 21, 2017, 08:48:51 PM
Mike Novogratz has 10% of his net worth invested in Bitcoin and Ethereum.


"Let's calculate, mmmkay."

A = Mike Novogratz's net worth at $1B+

$1B+ X .10 = $100M+

B = Current market cap of ALL altcoins = $29.5M+

A > B by a magnitude of? (you do the math)

Q.E.D.
Oh no, someone can't read numbers right.  I think you'll find it's 29.5 billion, not 29.5 million.

Bitcoin's market cap being worth less than 100 million dollars would mean it was practically worthless on a global level, which it's not.  You should check your own maths very carefully before you get too arrogant.
5204  Economy / Web Wallets / Re: Did it actually works this time? on: April 21, 2017, 08:31:24 PM
If you're managing to send it to these wallets surely you must have it stored somewhere already?  Where's that?  If you keep sending it from Electrum or something to online wallets maybe you're going the wrong way around.

If it doesn't work this time, you should check the transaction ID of the other transaction as well.  If you're sending to the same address both times, you've probably been the victim of a phishing scam, in which case your computer has a virus and when you paste an address it'll be the address of a scammer instead (so it's not going to the wallet at all).
5205  Economy / Service Discussion / Re: Help regarding campaign. on: April 21, 2017, 06:19:26 PM
The "real process" is, a manager decides they want to run an advertising campaign to get their signature across the forum.  If they have someone that just makes crap one-line posts on threads with millions of spammers posting the same thing over and over again.

So the managers go through the process of filtering the trash themselves.  You won't get accepted if they see that you haven't made any posts or your posts are meaningless and you're just desperate to spam your way to a full-time job.
5206  Economy / Scam Accusations / Re: Shapeshift.io possible Scam Alert! Read my story. on: April 21, 2017, 05:33:36 PM
All is resolved! They refunded me back my Bitcoins. But guess what?? I will have to now exchange to litecoins, but litecoin price has gone up.

So thank you Shapeshift.io for making me miss an opportunity!


*If you want fast/quick exchanger. Avoid Shapeshift.io*
Shapeshift are usually very fast.  That's why they are used by so many people.  It's inevitable that occasionally there will be an error that causes this, and even on Poloniex there are problems occasionally and could be with any exchange at any time.

It's nice to hear some negative experiences for once, but it doesn't mean that you should suggest avoiding them until you've considered all available information.  People who join Ponzi schemes and get payouts think it's going well, but it doesn't stop it being a scam, and in this case it's legit and you having a bad experience doesn't stop it being legit.
5207  Economy / Web Wallets / Re: Blockchain.info - Really high fees? on: April 21, 2017, 04:00:38 PM
The Blockchain wallet's fee estimation is terrible, but it is making normal transactions for you (unlike Coinbase or Xapo, where you can't actually customise your fees because they're not charging you the same that they're paying for the transaction).  You can set whatever fee you want.

You should measure it in satoshi/byte though rather than price.  If Blockchain recommends a fee that high it's probably because your transaction is insanely large for some reason.  Maybe you built up the Bitcoin with hundreds of tiny dust inputs instead of accepting large transactions yourself?
5208  Economy / Speculation / Re: BTC up??? on: April 21, 2017, 03:47:46 PM
Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

Bitcoin keeps going up because that's what it was designed to do.

Price dips are merely either normal small corrections or aberrations caused by panic, FUD, etc.

The BU/Segwit and development "roadblocks" are overrated by many and one cause of such FUD and panic.

No big deal.

Ya. The FUD just keeps us from doing a moon bounce but it can't stop bitcoins from going up in price more and more. They're rare, and everyone wants them!
This kind of super-basic price speculation isn't really getting Bitcoin anywhere.  It wasn't actually designed to rise, it was designed to be scarce.  There's a key distinction, which is that it'll only keep rising as long as people have confidence in it and in reality Bitcoin still has a natural inflation rate because of the new Bitcoin being introduced from mining.

Maybe people are thinking that there should be some kind of panic due to the fact that scaling doesn't seem to be going anywhere, but the reason it's not is because alts have just soared much more than any natural amount and that's resulted in big corrections (and in DASH's case, a dump), which is resulting in people storing money in Bitcoin.

The rise is temporary due to the Bitfinex and USDT problems, which will cause a dump back into alts in a month or two unless Bitfinex handles fiat again.

Alts will never rise too much further though, because Bitcoin will just be a place for people to relax as they know that their money is safe, whereas holding it in most other coins it isn't (even in USDT, as we're about to find out), and people will use it as a "digital gold" style storage solution.
5209  Economy / Trading Discussion / Re: polo vs. bittrex used price: if... on: April 21, 2017, 03:31:27 PM
... BTC translations were fast enough you could easily buy on bittrex and sell on poloniex. but BTC is so slow.

BTC will always be seen slow against arbitrage trading because it takes 6 or more confirmations at both the exchanges to credit the BTC and make it available for trade. Though, the difference, like you think, is not even that much to curb with the fee that they normally charge over a buy/sell trade, so leave the idea of arbitraging at these two exchanges and find something else.
I think every exchange sites are put a single confirmation to confirming the funds already received by the exchange site. I don't ever see the exchange site which it puts 6 confirmation just for confirming a funding from their users.
10 minutes for every confirmation with $0.5 fees. But it will get a lot of the fees for every arbitrage trade. The volatility has made it impossible.

here, i not agree...
if you want to do spread trading, you need to have an huge capital.
And you divide all this capital between the Exchange where you want to do spread tradin.
if you are focused in spread trading between USD and BTC, monitoring 10 Exchange,
in all this 10 Exchange, you need to have, USD and BTC...
and when the spread opportunity appear, you put 2 orders at the same time, in 2 Exchange...
thats all.
The amount of actual cryptocurrency arbitrage bots isn't very high.  In fact, I couldn't name any right now, only trading bots.

Arbitrage, especially with multiple exchanges, needs at least a little bit of a human touch and people with experience.  If there are bots that exist, they'll be mostly in private and hard to get just because of how many things that could go wrong that could damage the coder's reputation.
5210  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin digital gold or digital cash? on: April 21, 2017, 03:22:49 PM
To some extent Bitcoin needs to be both.  I think that it was only a payment system due to the influx of new money and the high supply of new Bitcoin in the early days.  As time goes on, Bitcoin will require more and more money to be put in for it to be practical, but it will still be practical if you do put that much money in and people will do it so it'll be more like gold.

To some extent, Bitcoin needs the element of digital currency in order to act like gold, because people still need to pass gold between different parties.  Online wallets should be viewed like Goldmoney or something that holds your gold for you because you don't feel like you can handle it yourself.
5211  Economy / Trading Discussion / Re: Learn Bitcoin Trading in Real-Time? on: April 20, 2017, 07:17:14 PM
You can't really do practice accounts that are as good as real ones.  Your best bet is to just sign up to Poloniex and just put a couple of dollars worth of Bitcoin in at a time to trade with and you won't lose a lot experimenting.

If you want that tiny amount of Bitcoin I'm talking about, you could just claim from some faucets into a cache and then take it out directly into your Poloniex deposit after a while.
5212  Economy / Scam Accusations / Re: can't find information about ropesta.com on: April 20, 2017, 05:55:06 PM
I don't know where they're a scam and you really shouldn't be posting scam accusations without any meaningful evidence, but in all cases with less reputable sites like this there's no point at all buying from here instead of official sites like BITMAIN.

The price on there is lower than the official Bitmain site, which is very suspicious.  It either means they're selling you second hand miners or they're a scam.
5213  Economy / Trading Discussion / Re: What is the best trading site now? on: April 20, 2017, 05:14:45 PM
Yes.

Basically Poloniex has a great trading volume, keeps their coins updated and usually doesn't add any complete shitcoins, nice interface, margin trading, and loads more stuff.  Really their only problem is that sometimes it's laggy when there are big pumps.  That can hurt people big time occasionally and their servers should be a bit better, but basically they're the best altcoin exchange about.

Careful of USDT though, there's a storm abrewin'.
5214  Bitcoin / Bitcoin Discussion / Re: Could India be next country to legalised bitcoin? on: April 20, 2017, 05:03:07 PM
When people talk about "legalising" Bitcoin, they're looking at it wrong.  Despite the government's moderately aggressive stance on them, you can still buy and use Bitcoin in India.  So it would really be "legalising" it, it would just be "legitimising" it.

What you really want is for them to hand a big message to you on a silver platter saying that Bitcoin is definitely a currency and it's great and it's the future.
5215  Economy / Web Wallets / Re: Is BitGo as safe as they claim? on: April 20, 2017, 04:21:29 PM
You're kind of right, Blockchain is still a web wallet and they still basically hold your coins for you but they give as much control as they could really manage while still being a web wallet.  For security features, they're the best.  However that doesn't mean that the security on their side is all that good, like with the Cloudbleed problem and several other major bugs and flaws with their wallet.  You'll never be completely safe on an online wallet, so you have to accept that Blockchain is basically just as close as you can get, without being good.

Beware of their fee estimation though.  It's terrible.
5216  Economy / Speculation / Re: Speculation on the price of BTC if Bitfinex does a Gox on: April 20, 2017, 04:08:19 PM
It is not about Bitfinex anymore. Major bitcoin exchanges stopped accepting US dollar deposit as well.
Have you got a source on this?  Pretty sure Bitstamp and BTC-E are still accepting deposits.  It's only OKCoin which has also blocked deposits, possibly because of some problems with the banks in their country.

Quote
They all claim that there is a problem with wired deposits and banking system.
Only OKCoin that I've seen.
Quote
This situation created fake demand for bitcoin, because people are buying BTC with the fiat money to withdraw it.
The only time when that happens is if fiat withdrawals are not accepted.  If deposits aren't allowed, it's fine because people can still trade Bitcoin and fiat and withdraw either (people often still withdraw fiat) and there would be no artificially increased demand for people to withdraw fiat.

So the price on exchanges other than Bitfinex is legit and I think people are reasonably excluding Bitfinex from their price estimations.  Therefore overall the price is not being pumped by that and it wouldn't take quite such a dramatic dip if Bitfinex Goxed everyone.
5217  Economy / Scam Accusations / Re: Don't make my mistake. Do not use biFmixer.io on: April 20, 2017, 03:47:37 PM
Pretty sure there are way, way more scam copies of Bitmixer than that.  It's to an insane extent, there can even sometimes be google ads which advertise mirror sites with slightly different names.  Everyone just needs to check the link very carefully before they start doing a deposit into Bitmixer, or indeed any site.
5218  Economy / Trading Discussion / Re: Poloniex To Delist 17 Altcoins In May Without Explanation on: April 20, 2017, 03:36:49 PM
That's interesting.  I guess it's reasonable for Poloniex to keep switching out altcoins that have low trading volume and aren't doing very well for newer ones.  I like that Poloniex has a pretty smooth interface and it's not covered in hundreds of different coins like some exchanges are.

It must be hard for them to get the word to everyone though.  If it's just one announcement and people don't get the message clearly enough, Poloniex will end up with thousands of coins that were practically stolen from users' accounts, unless they provide some kind of way to recover the coins after they get delisted.

Poloniex is covered in pump and dumps even with the more reputable coins.  It's good to clear out the trash every once in a while.
5219  Bitcoin / Bitcoin Discussion / Re: big blocks over 50% now. BU + classic on: April 20, 2017, 03:21:01 PM
Yes, but that isn't really a milestone.  It'll only be a milestone when one specific solution gets over 50%.

Hashrate doesn't even reflect the will of the community.  It only reflects the will of a small group of people who control the majority of the hashrate.  Big block solutions having over 50% doesn't really mean anything.

More importantly, how popular a solution is already shouldn't affect people's opinions.  No one should be caving in to whichever solution is more popular or based on the belief that one is unlikely to happen.
5220  Bitcoin / Bitcoin Discussion / Re: After BitFinex, Chinese Bitcoin Exchange OKCoin Suspends Wire Transfers on: April 20, 2017, 06:34:36 AM
These exchanges are slowly become useless.  Chinese, Taiwanese and similar countries' exchanges failing to process withdrawals is really something people are ignoring too much.  If it goes on for too long, it'll be completely clear that the Chinese government is getting more aggressive with its regulation (and maybe this time that they'll actually follow through).

I wouldn't compare OKCoin to Bitfinex though.  Bitfinex is clearly having trouble of its own - we might see people getting Goxed pretty soon.
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