I came across a website which introduced a new distributed ledger theory than blockchain named Hashgraph. I couldn't make much of the article because I did not understand it. But I do think this could have massive effects on bitcoin and other altcoins if this comes into use. Check the article here: . https://perc360.com/step-aside-blockchain-hashgraph-taking-over/ and let me know what you think. There can be various innovation in financial digital sector but even if there is a technology much better than blockchain and bitcoin it cannot erase and put the latter out of existence. Such as the fiat currency it will continue to exist even with cryptocurrency is already trending nowadays. It is not a matter of how advanced a technology is but it is a matter of trust and confidence that people dwell in such currency.Exactly, perfectly, 100% wrong. What Satoshi taught us was peer to peer economic transactions in a completely TRUSTLESS manner. |
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Googled it, any website regarding hashgraph was inaccessible to me, first lol. hashgraph is patented but Bitcoin is not, though they are trying to register it as their own. second lol. I stopped my search after google returned "hashgraph ICO". third lol. if people could mine Bitcoin every 10 minutes by using 100 watts electricity, Bitcoin price would have been $0.01. it's not about transaction per second, we have already blockchains doing 1000 per second. Bitcoin is the first decentralized cryptocurrency and it doesn't use "gossip". we don't gossip here, we just mine Bitcoin to jump girls later. fourth lol.
Wait.... So that's why that hot blonde girl was smiling at me the day I wore a Bitcoin t-shirt? Darn I am stupider than stupid.... |
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I already had all BTC in a paper Whaley stored safely, where I have the qr code for both the private key and public key.
I’ll see later which wallet I will import to after things get settled or get cleare.
.......
So you have true legacy bitcoin addresses? Good. One more point. Wait until after the start of 2018. For every time you think about "taking some action" then wait another month. Some people for very specific purposes have created clouds of confusion at this time. |
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Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.
I have the private keys (the 12 words) safely stored.
What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?
Would my BTC remain BTC or can accidentally be changed to BTG?
What safest wallet?
Your help highly appreciated.
First of all. The "12 words" is not the private key(s). Very different. Read BIP38. Rather than "believe" that the 12 words will restore correctly after a reinstall, why not go to the core of the issue. See if you can dump your private keys, then store them on paper. More. I just went to the JAXX website and started reading their code. Basically my gut feeling is NO JAXX. I didn't go all the way through it, but that's my opinion. |
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I keep bitcoin in my wallet online and this I do because .....
Please correct this problem. |
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I have been observing social media polls and saw how high the number of people who haven't picked a side in this debate or who just don't think its important. I am interested if finding out whether it is important to have a position or not?
USERS do not have a say in this. MINERS have a say. Now, is it important to have a position on a matter (as a user) that you do not have a say in? I think the answer is yes...... |
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Why should someone download your files? How would he know they were completely safe and free of viruses, trojans etc.
Thank you for answering this question.
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i used to run core, but im worried about the 2x fork and what that means
will the 2x take over existing BTC chain? or will there be separate chain for the 2x fork?
the chain that will be chosen as the dominatn one is that with the most nodes running up. So if you support Bitcoin Core you must run a Bitcoin Core node and accept and check transactions with it. good luck Yes. Take an old computer and run a node. Thousands of people should do that. Tens of thousands. Think it over. |
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They are doing it for a good cause and I think is a good idea and will help Bitcoin get more exposure. Bah. You don't know they are doing it for a good cause. You are clueless as to their actual motives. Having said that, think this over. A government certainly can monitor the movements of it's currency. That includes it's movement in and out of virtual currencies such as bitcoin. That's a very, very different thing than monitoring and "regulating" bitcoin to bitcoin transactions. |
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I use paper wallets only to ensure security. I store hard copies of the private keys in several secure locations so I won’t lose them. I don’t trust online wallets, my computer hard drive, or exchanges.
I also avoid keeping that information on disks or thumb drives because data can get erased or corrupted. The best place to keep the private keys is in a safe deposit box and in a safe or fire safe. Don’t let anyone have access to it.
This. Note that CD roms better archival storage than thumbdrives and disks. |
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The forks do nothing on their own. They just happen and they exist. What matters is how people react to them.
The problem with the way that forks are being doing right now is that groups (BTG just recently, but I wouldn't put SegWit2x or BCH in this category) often attempt to use a fork as a method of getting automatic publicity.
All that the fork has to do is get a clickbait media outlet or two to publish a story about their unnecessary fork, and then exchanges and online wallet services have people contacting them. "How am I going to claim it?". The exchanges and wallets feel that they have an obligation to their users, so they give it out with a 1:1 ratio, and then all of a sudden everyone knows about the fork.
I don't trust the crypto markets, in which market manipulation and hype from newbies is very common, to form a fair valuation for every fork once they've reached that point with exchanges at which almost everyone is aware of the fork.
It could be a lot of effort for all that of the services and users involved and it would be quite inconvenient.
I would like to believe that the soaring values of bitcoin are due to more and more people wanting to be freed of the chains of debt based national fiat currencies, but I know better. In fair part it is simple human greed. As far as "why the forks" do not toss out that enemies of bitcoin would like to "divide and conquer." Enemies of bitcoin would like to create weakness and structural defects in the blockchain system and in bitcoin. |
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They are natural bitcoin enemy - so of course, they would say that BTC is 'not good' or it is a fraud or a bubble, what else can they say?
A lot of those type people prattle off one thing in public. In private they are buying bitcoin. |
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I don't support it. I see it as nothing less than a hostile takeover, with the team behind segwit2x pretty much admitting that they want to fire the core development team. ...
Right. You don't know where they would take the code next year. It's nothing more or less than a power grab. |
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Will bitcoin replace gold? No.
Will bitcoin replace gold as a tangible asset? No.
Will bitcoin replace gold as the currency of the zombie apocalypse? No - noones going to care about either in a zombie apocalypse - guns, food, water and toilet paper would be my currency of choice if I'm still alive......
How do you know? Maybe you will be able to buy off the zombie attacks with gold and they can buy caged human victims with gold. You know, the zombies that used to be banksters and car salesmen. |
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Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.
Maybe 3,000,000 troy ounces gold sales volume bullion coins per year. http://www.usagold.com/bulliongoldcoinsales.htmlAt 1300/ounce USD$ that's 3.9B right? Bitcoin transaction volume is of course bouncing around but conservatively 250-350M per month or 3.0-5.0B / year. https://blockchain.info/charts/trade-volumeIt does seem that bitcoin transaction volume has surpassed bullion coin sales... |
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Kenneth Rogoff, Chief Economist of the IMF from 2001-2003 joined the ranks of CEO Jamie Dimon in predicting that the price of bitcoin ....
Fuck him and the horse he rode in on. |
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Hello All
As you all know, Bitcoin Gold came into existence few hours back.
And there are plenty of questions.....
Let's see the code. |
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Forks kill moon dream.
Reality?
BTC going to Moon.
Dream is over.
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HELLO GUYS, DO U HAVE IDEA IN BITCOIN GOLD? I HAVE SOME BTC IN BLOCKCHAIN WALLET HOW CAN I GET MY BITCOIN GOLD COIN THAT ALREADY TRADED IN YOBIT EXCHANGE. PLEASE ANY IDEA..THANKS
Yes. To get it you need private keys. But they are in base 58 which is both upper and lower case. You must be able to type both upper and lower case to do it.  |
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