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5401  Economy / Exchanges / Re: Poloniex lag, an ethical and highly risky problem on: March 19, 2017, 10:49:54 AM


This is a huge problem although poloniex probably won't care.

They are earning a ton of profits from people trading on their platform and paying that around 0.2% fee per trade conducted. They couldn't care less about small players in the system that contribute next to nothing to their profits.

Also by using their site i'm pretty sure in the ToS they state that they are not liable for any losses and the software is provided "as is".

Anyways, if you don't want to trade on their site because of this, then don't. There are alternatives for that. Like Bittrex.
To be fair, I'm pretty sure that all exchanges are going to avoid being liable for any losses.  However, that doesn't make it acceptable for them to be responsible for these.  They are a very major exchange and if they're taking fees of ~0.2% they should definitely be able to handle their servers and keep the exchange operational.  If we find that the problems are purely because of their profiteering, it'll be time to move to another exchange that takes their responsibilities more seriously.

5402  Economy / Speculation / Re: the recent drop could be a trap 2017/3/19. on: March 19, 2017, 10:00:57 AM
what is Bitcoin Unlimited though? Huh
A scaling solution that will result in Bitcoin splitting between the old Bitcoin and a new coin called BTU which will have a flexible block size and be listed on exchanges as an altcoin (but we'll see how it actually goes) and everyone who holds Bitcoin will own an equal amount of BTU as they already do in BTC.

i would think that the drop from $1100 yesterday to as of this thread is started $950, is a trap for sellers because looking at its popularity, it is not the first time bitcoin being volatile. unless bitcoin price drops to ~$850 within a day, it could be unnecessary to sell your bitcoins for some of the people will buy again.
I agree, people have started buying into Bitcoin because of the hype about its temporarily high price, but now that it's dropping some newbies have started to panic sell.  Bitcoin can't just be going up all the time.
5403  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin/s are (Dash, Monero, ZCASH) are TRULY anonymous? on: March 19, 2017, 09:48:38 AM
Dash is definitely not better for anonymity than Bitcoin.

Monero is quite anonymous.  While Bitcoin users generally ask you not to reuse addresses, Monero enforces this.  It also makes use of different signatures which obscure what can be seen about the transaction.  However, Monero is under investigation by authorities and you should never trust that your preferred currency will be entirely safe.
5404  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██ DASCOIN ██ Cryptocurrency Perfected ████DasPAY█████Mobile Payments on: March 19, 2017, 09:38:54 AM
This seems a play on dashcoin Huh
It's not, it's even worse than DASH, this one is just a pure scam.  Doesn't matter how many videos or About Us pages that don't even explain how their scam works but just peddle around it and expect you to give them loads of money, they're just a full-on scam.  There's nothing that even indicates that they're a cryptocurrency.
5405  Bitcoin / Pools / Re: BITMAIN announces Antpool on: March 19, 2017, 09:33:53 AM
Antpool, i wish you to die.
I really hope that you all will be killed.
You destroy a bitcoin. You are greedy scum
I hope you will be eaten by rats
Bitcoin is as strong as it's ever been, its price is still well above what it was just a few months ago.  You can't expect it to be at an ATH all the time and just keep going up the same amounts forever.  Regardless, even though BU is arguably responsible for the temporary fall in price, Antpool is not the only group which switched to BU or is going to make it happen.
 
5406  Economy / Currency exchange / Re: my paypal for your btc on: March 19, 2017, 09:30:45 AM
Read the sticky.  No one wants to give you Bitcoin for PayPal.  You might think you can get away with it because you're only asking for a small amount, but there are warnings about that too and people aren't stupid.
5407  Bitcoin / Press / Re: [2017-03-19]Newsflash: Bitcoin Price Loses $200, Falls Under $950 on: March 19, 2017, 09:28:21 AM
The price has been pretty crazy for the past few months, maybe it's a good sign that it's settling down.  It'll give the more dedicated Bitcoiners time to buy.
5408  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: March 19, 2017, 09:26:27 AM
Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.
I think there is no way to determine this. there is nothing that can determine the actual growth accurately but i bet you there is increasing growth of people because of rising price.
Yes, it is very hard to trace the actual numbers of the bitcoin  users, particularly in everyday happen in our lives there is lot of new users around the world are getting interest unto it or to adopt why bitcoin really is.
No matter how many people repeat that same statement, it won't make it true.

Obviously you can't be accurate about it but there can be a general estimate.

Blockchain.info claims that there have been 206 million Bitcoin transactions, ever.  It also estimates that 30 days ago, there were about 197 million transactions, so in the region of 9 million transactions in the past month, which amounts to 0.3 million, or 300,000 transactions each day on average.

Then you're left with the dilemma of how many people holding Bitcoin actually spending it, and the number for that will be significantly lower.  But guessing conservatively that every person owning Bitcoin does a transaction on average once every 3 days, that would be 100,000 people using Bitcoin.
5409  Bitcoin / Project Development / Re: Give Ideas of Online Business Startup on: March 19, 2017, 09:02:41 AM
Hi guys i am thinking to start small online business , Please comment down Ideas of Business like affiliate marketing , dropshipping , hosting, etc
Not like revenue sharing , ptc sites, etc


Firstly you should have a plan before starting any kind of business like affiliate marketing, drop-shipping or hosting etc.
Then, if you want to do a successful online business, it would be better to do an online course which is online based. It will be helpful for you. After learning about the topic properly, it would be easy for you to promote and increase the popularity of your business. Also it will be profitable for you.

Dropshipping will be more suitable for you when you start it locally. After getting a positive result, you can then start it as a online business.

True.  You can accept Bitcoin but not necessarily as a primary payment.  Sometimes, it's a good idea to just earn fiat currency somehow and convert it to Bitcoin, because there are so many more ways to earn fiat.
5410  Bitcoin / Press / Re: [2017-03-19]New Academic Paper Suggests Bitcoin is Resistant to State Control on: March 19, 2017, 08:15:10 AM
But unfortunately, it isn't resistant to private control.  The richest private companies could quite easily monopolise mining as Bitmain is already starting to do.  Sometimes, decentralisation can just mean centralisation in an equally corrupt private sector - mining needs to nearly as accessible as spending with Bitcoin, otherwise there will never be a diverse collection of companies which make the industry decentralised.
5411  Bitcoin / Bitcoin Technical Support / Re: Transaction help on: March 18, 2017, 10:50:49 PM
Double spending is when someone tries to spend the same Bitcoins in two different transactions at the same time.  If the user sending you a payment is attempting to double spend, this means that they are not trustworthy and you should be very careful dealing with them.
5412  Economy / Economics / Re: So easy to make people panic. right? on: March 18, 2017, 10:43:16 PM
It's unbelievable all the people that think they have the magical solution to "Bitcoin" when they could easily make an alt-coin with Seg-wit, unlimited blocks, etc. Look, if Satoshi wanted the Blocksize to be 2mb he would have made it that.

Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.
This is a strange fallacy and I think it rose from the common description of Bitcoin as "digital gold" which definitely no one described it at the start of Bitcoin's creation.

Bitcoin was always supposed to be a currency.  Satoshi would tell you that and he did, in the white paper for Bitcoin entitled "Bitcoin: A Peer To Peer Electronic Cash System".  It really couldn't get much clearer than that.

What Satoshi also wanted was for Bitcoin's code to be open source, which it is, and for necessary modifications to be made to it, which they are.  BU is not a good modification to make but if the majority of hashing power supports it that will be what rightfully changes the code and creates a new version.
5413  Bitcoin / Bitcoin Discussion / Re: how has your attitude to bitcoin changed the longer you've been into it? on: March 18, 2017, 10:34:18 PM
I think Bitcoin will stay the way it is often described, digital gold. Mined, traded, but not used for transacting on a daily basis. It lacks the capacity to process transactions fast enough to be a serious currency for daily use, another coin will take that place. One with a much lower value, higher availability and less of a focus on being 100% peer to peer with every part of the network untrusted.

The mining process should not be rewarded by the creation of money, but rather rewarded with small fees on very large transaction numbers, and the unit of value will need to be created at any point to allow other currencies to be moved into it, but only by trusted parties with witnessing and consent.
But I think that a large amount of Bitcoin's price increase has been based on the hope that it could one day be used more frequently for transactions and that it would be capable of doing so.  Other coins will usually not actually be any better than Bitcoin, the illusion of this would just be created through the low volume of transactions that those smaller coins are actually used for.
5414  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin overcome Paypal? on: March 18, 2017, 10:03:30 PM
in no distant time btc is taking over paypal. Paypal used to be the most trusted but are now losing trust from its customers due to insecurity issues.......

Insecurity issues? What issues are you exactly referring to? PayPal is seeing its user base grow quite rapidly, so I seriously doubt they are losing trust. If you make certain claims, then at least provide some details to back up your claim, because as it is now, there are none, and thus your claim of PayPal having issues hold no value.
I agree.  I don't condone PayPal and definitely don't believe that it's an ideal payment method, but PayPal is generally doing pretty well right now.

I think that this shows the misconception that because Bitcoin is doing well, other payment methods must be doing poorly, which is certainly not the case.  Bitcoin is still only a tiny fraction of the market and PayPal offers a convenience through its centralisation and use of fiat currency that Bitcoin cannot realistically provide despite the optimism of many of its users.
5415  Bitcoin / Mining speculation / Re: Do you care about which "fork" the pool you mine has chosen? on: March 18, 2017, 09:54:12 PM
Generally I think that miners tend to consider their profits and the popularity of the pool more than the affiliation of the pool.  The pool/company on the other hand usually makes the decision based on what they think will gain them the most profit in the long term, or in the case of the more principled pools, what they think is best for the Bitcoin network (and often these two things will be related).

However I think that miners should have a little bit of principle here, because there are several pools of similar specs which have different affiliations and it should not be a problem for miners to swap between them.
5416  Economy / Economics / Re: The dream of getting rich with bitcoins on: March 18, 2017, 09:47:24 PM
I would be well into the positive with making money on Bitcoin, but I was unfortunate to get my money stuck in Cryptsy when the shut their site down. I'm still trying to get back everything I lost.

Investing it anywhere involves a huge risk and that is the reason I fear even to invest on trading sites as I lost few bitcoins in bitfinex hack which occured last year so I have a big fear of investing bitcoins anywhere so I prefer to keep them safe in my wallet.
Unfortunately even wallets are sometimes not safe as it is fully reliant on either the web wallet's security in the case of web wallets (which are just as bad as exchanges security wise) or partially reliant on a third party and partially reliant on you.  You could even not be reliable at all, as your computer could get infected with malware, crash without a backup, or a whole host of other things.  The same applies to fiat currency but it's very annoying how difficult it is to stay safe with a currency which by nature should be quite secure.
5417  Bitcoin / Press / Re: [2017-03-17] Nearly $2 billion has been wiped off bitcoin’s value in three days on: March 18, 2017, 09:11:17 PM
Yeah, but while true, this statistic was clearly chosen as a means to promote hyperbole.  We, and they, seldom use the market cap to describe Bitcoin's value or price.  You could talk about Bitcoin's value falling by $100, but they chose $2 billion to sound like Bitcoin is failing.

Generally, considering just before the start of the year Bitcoin was trading at around $800, it's pretty impressive that it still hasn't fell back to there yet for a good three months despite the threat of hard fork etc.
5418  Bitcoin / Legal / Re: What makes a blockchain transaction legally enforceable? on: March 18, 2017, 08:17:03 PM
I'm not sure what you mean.  Nothing on the blockchain is "legally enforcable", because Bitcoin is not a legal currency in any country and the addresses are pseudonymns which can't be linked to individuals.
5419  Bitcoin / Mining speculation / Re: can you mine bitcoin for the next 20 years on: March 18, 2017, 08:11:34 PM
Probably not, but if you have an investment size of >$50k you might be able to for less time than that as long as you have a backup plan (a secondary job or skills that could warrant one).

You need to understand that every 4 years block rewards will be cut in half, which will result in your profits being more and more reliant on transaction fees which will vary depending on various factors related to the network.

However, you mention that you have free electricity on another of your posts, and that's a good start.
5420  Bitcoin / Hardware wallets / Re: Best Hardware Wallet on: March 18, 2017, 07:41:02 PM
for me Trezor is the best hardware wallet around
I have to admit that I don't have any other wallets to compare,but trezor satisfies me perfectly
it has all the functionality you will ever need,it is more expensive than the most of the wallets on the market
but it definitely is worth the money you spend on it!
if you have 100$ do not hesitate and buy trezor,you won't be disappointed
I agree, TREZOR seems to be the most trusted hardware wallet by far, and it mentions its use by major Bitcoin exchanges.  It's immune to viruses and is perfect for security as well as being quite convenient.
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