OP, let's review your recent scaling-related posts before this thread:








And finally, the most ironic of all:



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.

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.

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.

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).

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.

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.

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?

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.

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.

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.

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.

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.

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'.

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.

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.

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.

Only OKCoin that I've seen.
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.

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.

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.

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.

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.