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61  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IXT] InsureX - blockchain-secured marketplace for Insurance on: July 15, 2017, 10:43:55 PM
When/how do we claim our IXT? And wiill the tokens be distributed sooner than expected because of what happened with the ICO?
I am not sure about this project,but if the developers are trust worthy then they will distribute the coins if you have invested in it and normally when the ICO ends they are supposed to distribute it within a week or so,just follow their slack channel and you will get a clear picture,good to see many projects coming up in the past few years,i really missed a lot in this space.
62  Economy / Economics / Re: Your plans for 1st august? on: July 14, 2017, 04:04:57 PM
What is the current situation,i heard that bitcoin is going to split and if that happens what will happen to my coins,i do have my coins saved in hardware wallet,hope there is nothing to worry about even if the chain splits.
63  Bitcoin / Bitcoin Discussion / Re: Let's be prudent I advocate 50MB blocks on: June 12, 2015, 12:34:29 AM
Only a trivial software change is required to handle 20 MB blocks today, at least from the perspective of storage, which is what your post is discussing.

144 blocks a day,  52596 blocks a year.
At 0.020 GB per block,  1052 GB per year.

I recently bought five 3 TB hard drives for a  12 TB RAID array to store music files. The price was $90 per drive.  With the absurd assumption that every block is full, this amounts to an annual expenditure of $30 to keep up with blockchain storage at the 20 MB block size.
You have to factor in bandwidth and syncing into this. Good luck syncing to a 1TB blockchain on a regular PC. I'm not sure where you got those prices from. Usually on Amazon.de it is between 50 to 60 euros for a 1TB drive.
You also have to consider that this is a lot of money for quite a number of people. Obviously it is cheap for people with good jobs and people who live in 1st world country. What about the rest?

China would definitely have problems if we had 20 MB blocks today.

Are you living in China?  Why would anyone in China have problems with that?  Not only are hardware costs here in China far less than you could find almost anywhere else, but I'm sure anyone with the need or will to run a full node in China would not find the cost to be a barrier.
64  Bitcoin / Bitcoin Discussion / Re: List of BIP38 Wallets, Sites & Code on: February 19, 2015, 09:14:07 AM
I would rather manually obfuscate the key for my paper wallet.  Something you could "decrypt" manually.  Perhaps something as simple as increasing the value of each character by 1, or alternating +1, -1. Etc.
65  Bitcoin / Bitcoin Discussion / Re: 11 million in scams? on: January 30, 2015, 05:22:42 PM
I thought at first that they suggested it was 11 million Bitcoin, and that didn't surprise me.  It surprises me that the number can be as low as only 11 million USD.

Ah well, time to move back to fiat because no one ever gets scammed out of their cold hard cash.

From a very quick google search:
Australians lost $89 million in scams in 2013
Millions of victims lost $12.7B last year falling for Nigerian scams (in 2013)
etc...
66  Economy / Speculation / Re: The future of BTC... is there one? on: January 29, 2015, 07:58:50 PM
Bitcoin will be around for years to come. This is inevitable. Far too much money is invested for it to suddenly collapse. Many fail to understand who the key holders are of the top 100 addresses or so. Time will release all of the info we so very much crave.

It's not inevitable. Read his post. It's not sustainable if the value drops and stays below what is profitable to the miners. If they're losing money mining why would they bother? They'd be forced to stop and without miners mining that would be the end of btc.

People were mining when the value of Bitcoin was $0.

The network adjusts to variations in the network hashrate. If some miners decide to stop mining, the difficulty drops and mining becomes more profitable for those that continue to mine.

Also, I know a lot of miners that don't have to pay anything extra for their electricity so there is no reason for them stop.  
67  Bitcoin / Bitcoin Discussion / Re: Why didn't Satoshi Nakamoto use LaTeX? on: January 26, 2015, 05:32:59 AM
I don't see any significance to this.  Does this mean that Satoshi didn't actually have any technical ability?  Huh

It's also possible that Satoshi was not necessarily a conformist.
68  Bitcoin / Bitcoin Discussion / Re: Dont Ask, Dont Tell! on: January 25, 2015, 04:55:48 AM
Seems pretty obvious. Another HARSH slap came in the State of Florida :
http://247cryptonews.com/4-years-in-prison-for-bitinstant-exchanger-who-helped-silk-road/

I cant help but scratch my head and wonder,
"when I walk into my bank and see a teller, withdraw hard currency,
  has anyone ever asked what am I going to spend the $ for"

  LOL!
If you suddenly want withdraw money than your normal limit why you think nobody will ask you that question?

Which is why I hate dealing with people. Easier to do a wire transfer. Or withdraw money from an ATM multiple times.

I've had wire transfers blocked pending an explanation from me.  ATM withdrawals typically have daily limits of between 500-2500$.

It's very rare that I need to, but now I make sure to call my account manager before making any larger than usual transaction. 
69  Bitcoin / Bitcoin Discussion / Re: Bill Gates 3 problems with BTC on: January 25, 2015, 04:27:16 AM
Exactly. You could optionally select to use some kind of 3rd party escrow type entity in a bitcoin transaction if you wanted to. It just isn't mandatory. It's one of those higher level layers that CAN be programmed on top of the Bitcoin network. So even that is a POSSIBILITY.
Exactly, and that way there is a much lower chance of problems such as paypal reversals. Someone can choose to have escrow or not which makes it their responsibility.

I hope Bill Gates sees this sooner rather than later. Because he can make big decisions that can move industries. If he gets it then he can assist it.

+1

Instead of saying "hey, you know nothing about Bitcoin, gtfo", it might be better to write him, welcome him to the Bitcoin community, and let him know that there are or could be solutions to the issues he sees with Bitcoin.

He seems to be taking a level headed approach with the, perhaps limited, information he has.  It's great to see someone with his profile so interested in the technology.
70  Bitcoin / Bitcoin Discussion / Re: Coinfunder campaign raising funds to overthrow Kim Jong-un on: January 23, 2015, 08:50:57 AM
I think someone watched "The Interview" a few too many times and has some very naive ideas as to the real situation in the DPRK.

Secondly...

"The first objective in our mission is to supply involved North Korean defectors with the resources that they need to establish a safe communication network throughout the country."

So are we sending defectors back to North Korea to establish this 'safe communication network throughout the country'?  Only a handful of North Korean's are even permitted to travel within the country, among a huge number of other obstacles.

I think the project creator is having a laugh or else is hoping that some ignorant fools might throw their BTC at this.
71  Economy / Service Announcements / Re: Try a new bitcoin wallet (Zebpay) and get $1 in BTC for you and 5 friends! on: January 20, 2015, 04:22:38 AM
This looks very dodgy indeed.

This app is also being pushed on reddit as "Bitcoin’s billion plus user base is finally addressed with Zebpay".

72  Bitcoin / Bitcoin Discussion / Re: Friday news poll! on: January 16, 2015, 04:06:45 PM
How about positive news with no discernible impact on price?
73  Economy / Service Discussion / Re: Friday Big News!!! Want to buy something on e-bay with bitcoins? Now you can. on: January 16, 2015, 11:24:11 AM
News of vendors now accepting Bitcoin as payment is no longer big news.  If two years ago Microsoft had said they were accepting Bitcoin, that would have been very big news indeed.  Today that is hardly the case.

On the other hand, if a major bank or company such as Paypal allowed you to convert your fiat to Bitcoin using their platform, that would be much larger news.

The barrier to entry for people at the moment is not the question of whether they'll be able to spend Bitcoin, but rather the difficulty in initially obtaining Bitcoin.

And no, this is not "the big news".
74  Bitcoin / Bitcoin Discussion / Re: Ross Ulbricht faces a potential life sentence starting tomorrow. on: January 12, 2015, 04:19:54 PM
Quote
After spending the past year in a Brooklyn federal prison, Ross Ulbricht will finally head to a New York City court on Tuesday where prosecutors will try to prove he is the mastermind behind the anonymous billion-dollar online drug market Silk ​Road.

http://motherboard.vice.com/read/heres-what-to-expect-from-the-silk-road-trial?utm_source=mbfb

Is there any doubt he is the mastermind at this stage, lets hope they go easy on him but i fear it cant get any better then shrem.

You don't doubt that he's the mastermind yet you think he should get off easy?  He's a criminal that probably deserves to spend a very long time in prison.
75  Bitcoin / Bitcoin Discussion / Re: Gavin Andresen on the front page of the FT on: January 12, 2015, 11:52:23 AM
Based on this, it seems that in order to perform 50,000 on-chain transactions per second, we would require the blocksize limit to be increased to about 7 GB from the current 1 MB limit.

Obviously that won't happen as payment processors can keep a large portion of their transactions off-chain and confirm transactions instantly.
76  Economy / Service Discussion / Re: What Means: Wallet Disabled? WTF? on: December 08, 2014, 02:28:47 AM
Maybe they're tightening up security due to the large number of accounts that are getting hacked apparently through an insecure tor vector. 

Time to get my coins away from there, which I should have done a while back anyhow.
77  Economy / Service Discussion / Re: What Means: Wallet Disabled? WTF? on: December 08, 2014, 02:19:18 AM
Thanks for the update.

I don't have an email associated with my wallet, nor do I want to associate one.  Is this mandatory now?
78  Economy / Service Discussion / Re: What Means: Wallet Disabled? WTF? on: December 08, 2014, 02:15:30 AM
Yeah, I'm getting the same thing.  Just says "wallet disabled" and doesn't let you log in.
79  Bitcoin / Bitcoin Discussion / Re: People can now buy Bitcoin using credit cards on: November 30, 2014, 06:27:41 AM
Just checked out purse.io.  The site looks great and they've made the process simple.  Obviously fraud is going to be a big concern for them.  I believe they mention in their video that the item goes through their escrow service.

Looks like it's great for people looking to get a discount at Amazon for now.  On most offers listed, it looked like you could be paying a premium on purchasing Bitcoin.
80  Economy / Service Announcements / Re: BTC by SMS service re-launched. No need for a data plan! on: November 28, 2014, 07:04:48 PM
This looks very cool.  Look forward to trying it out.
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