It's a cool name, and I also like the idea of .0 file extensions, but be ready for the easy memes during dips: "Zero is going to zero, sell everything".
Zero is the most recent proposed name for a proposed new programming language (an attempt to replace Go, JavaScript/Node.js, and C++ with something better, more fundamentally sound, modernized, more safe, and less of a clusterfuck). The proposed decentralized ledger’s name (and in fact the future website) is to the left above where it currently is written “Newbie”.I see, in that case then it's good. I also liked "Lucid" for the programing language but I remember reading that there was another language called Lucid which is really old and forgotten and shouldn't lead to confusion but I guess it's best to use a name which has never been used for a programing language. What is the idea behind calling it cred? I guess cred.me would be the website to download the software? what other names are considered right now? would the name of the decentralized ledger would be the name of the token too? Bitcoin is a cool name and BTC is a catchy token name, it always helps. I do wonder tho how much the "Bitcoin" name is haloed by it's success. I wonder if in 2010 or so it was perceived as something cool and catchy or most people would have considered it a dumb name. Once something becomes successful most people no longer question it... it's like "Monero".. when I first heard it I thought it sounded pretty lame, but now people no longer question it, in fact it has became the default "anonymous currency" by the general crypto-population surpassing Bytecoin which I thought was a way better name. |
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Hello I have an IRA and the thing is I must wait to pull it out or else I will get fees. So instead of pulling it out, how do I just convert it into a Bitcoin IRA?
Also, I dont want any bitcoin, just bitcoin cash and ethereum. I have only about $2000 in my IRA.
How about yo get your bitcoin's yourself and hold your private keys yourself? if you want bitcoin cash and ethereum, then get the wallets and store the keys yourself, that's the whole point of crypto. I dont think you can add cryptos in an IRA in the traditional sense anyway. Well I'm not allowed to convert my IRAs into cash or else I get penalties. When I bought these IRA's it was a stupid decision and I was peer pressured into it, honestly I should have just put my money into gold or bitcoin and I would be very rich today. But we can't change the past, only hope for a better future, so I am wondering how do I simply ask them to put my IRA's as a Bitcoin (Bitcoin Cash) IRA. Im not sure you are going to be able to convert your IRA's into Bitcoin Cash or any other cryptocurrency, governments or banks do not work with cryptocurrencies at any level, in fact if you try to cash it will be a nightmare where you have to report every single satoshi and prove the origin of how you obtained them is legal and so on. Crypto and regular banks is not an easy relationship. Can't you just get the money back of your retirement account and buy any crypto as usual? |
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Hello I have an IRA and the thing is I must wait to pull it out or else I will get fees. So instead of pulling it out, how do I just convert it into a Bitcoin IRA?
Also, I dont want any bitcoin, just bitcoin cash and ethereum. I have only about $2000 in my IRA.
How about yo get your bitcoin's yourself and hold your private keys yourself? if you want bitcoin cash and ethereum, then get the wallets and store the keys yourself, that's the whole point of crypto. I dont think you can add cryptos in an IRA in the traditional sense anyway. |
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It's a cool name, and I also like the idea of .0 file extensions, but be ready for the easy memes during dips: "Zero is going to zero, sell everything". What happened to the name "Bitnet"? and there were also other proposed names, but I think Bitnet was one of my favorites. Go and Ninja don't convince me. |
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Who are these "rules" created and enforced by? Force is the only valid consensus mechanism. If it has no force, it's not actually a rule. There are only two methods of consensus, either using force to make convergence happen, or relying on the aggregate of all actors (aka invisible hand of the market) to form a functioning Schelling point.
Bitcoin was modeled after a war game exercise, and the PoW function mimics this force variable, but it's fake force. Force in the real world always takes precedent over any imaginary, digital force. Bitcoin has built-in middlemen and doesn't remove counter party risk. Transactions are not blinded either. If some govt goons want to come stand in the mining buildings while labeling anyone who doesn't worship them as terrorists and block their transactions, it's not a monetary system, it's a permissioned ledger aka tyranny.
Everything is a set of rules but you may be under the delusion that this isn't the case. Accepting this fact doesn't make me a "statist". Who/what set the rules of the properties of what makes gold gold? how do you know we are not in a computer simulation and someone didn't program the properties of gold to be gold? You are not forced to use bitcoin and you are not forced to use gold. Nobody can change the rules of bitcoin because trying to do so will always result in 2 coins (and you will receive tokens on the other end always). All that matters is the certainty that: 1) When you wake up, your X amount of BTC will be X amount of BTC 2) The total supply is known (so in the future when huge gold mines are found outside of earth, unlike you or whoever inherits your gold will not have their purchasing power plummet to the ground because gold will be as abundant as seashells, and trust me, when this happens -and it will- whoever holding gold will not give a fuck about how "the total supply of gold is organic"), rules are transparent, nobody can change the fundamentals, nobody is forcing you to use it but you are forced to follow these rules if you want to use it, perpetual incentive to mine it by someone. Please tell me when was the last time someone changed bitcoin "in his basement by snapping his fingers". Last time I checked, this never happened, also transactions have never been censored and so on. So far it works. Bitcoin is shit? sure, but it's the best we got so far, and yes, it's better than any piece of metal in the 21st century. Gold was great, when cameras and scanners didn't exist. With such a system, to "be your own bank", you would store the bitcoins yourself, then transfer something like $10k worth at a time to a 3rd party bitcoin debit card service or whatever. In other words, there is virtually ZERO DIFFERENCE compared to being your own banker using silver or gold because you can do the exact same thing there: store metals in your own safe/vault, and transfer $10k at a time to a debit card service when you want to spend.
Lol at zero difference. The difference is you could put a $billion worth of BTC in an USB encrypted or you could just email yourself the wallet file in an encrypted file which is perfectly fine to do temporarily to not carry anything while you take a flight. Also you could digitally hide it for plausible deniability, meanwhile anyone with a $5 wrench could force you to open your vault or else he'll fuck you up, and im sure you value your life above your gold. With gold you are stuck where you are forever, with no chances for plausible deniability if your vault is found. For this reason alone, BTC is better than useless gold. No matter how shit Bitcoin can be, nobody gives a fuck about gold in 2018. Until someone can fix what makes Bitcoin shit, there's no point in selling it for metals. |
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Fuck elliot waves, most people are looking at bitcoin wisdom using trend lines, so I say wait for the lowest possible rebound at around $6200 and get in back there, if you want to be more conservative, around $8700 (but if this support is broken, then apply $6200 ish entry point, and if that is broken... well then my friends, we are fucked, but the good news is, we will get to amass more BTC for the next ATH).
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Anyone interested in the Daniel Cormier vs. Volkan Oezdemir fight? I am going to bet on Volkan and I will skip the Miocic vs Ngannou fight. I have checked a few gambling sites, and many of them have under-rated Volkan. I watched his fights against Misha Cirkunov (UFC Fight Night 109) and Jimi Manuwa (UFC 214). He was completely awesome.
.... Volkan Oezdemir is a sparring partner of Anthony "Rumble" Johnson. Rumble says he hit Volkan with full power punches to the chin and Volkan eats them without issue. Rumble also said Volkan trains very hard. What makes it a tough match up to predict is we've never seen Volkan be tested against a great wrestler like Daniel Cormier. That said, Volkans hands are deadly weapons and a title fight is 5 rounds. He definitely has a "puncher's chance" or finding DC's chin and finishing the fight. DC has had issues making weight @ 205. There's a question mark as to whether he solved that problem. We might have seen DC's weight cutting issues in his last fight with Jon Jones. If you watch the fight, it looked like DC was kind of sleep walking in the cage. He wasn't fully there. That weight cutting deficit could be enough to give Vokan what he needs to win the fight. I might make a small parlay with Volkan and a few favorites. +400 or +500 is a decent play when it hits. It would suck if DC loses this one. I really want to see Cormier vs Bones 3 eventually... it would be an epic trilogy, and just hope Bones doesn't fuck up again, can you imagine? it would be the greatest scam ever in the UFC, but I would still enjoy it. There's too much money involved for it not to happen, but even if Dana White would allow Bones to fight again a million times after testing positive, at some point age will ruin the match so it has to happen rather soon. |
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If y’all are wondering why you’re not receiving replies…
As predicted, if y’all click your Profile →Profile Settings →Personal Message Options, you’ll notice that “Allow newbies to send you PMs.” is unchecked. This change was apparently made automatically recently to every established member’s account so as to prevent Newbies like myself from private messaging you...
Interesting. Though on checking my profile just now, “ Allow newbies to send you PMs.” is checked (I've never edited the setting). Have they changed it back again I wonder? mine had been unchecked. and i sure didnt do anything. Interesting, mine was also unchecked by default. I understand it because I get non stop newbies spamming me shit, but I would like some updates by CRED.me. Still haven't seen a good reply by you addressing how gold's supposed "organic total supply" is better than following hard-coded rules. Money it's all a social construct so people don't kill each other... why not have it as a clear, open source set of rules rather than a random "organic supply" which can make your wealth crash if a ton of it is found somewhere? also the fact that gold is useless in the 21th century still applies. There are cameras everywhere, scanners.. forget about financial privacy with it. I don't see why goldbugs always don't see that while claiming financial privacy digitally is impossible. Bitcoin going up and down is a given, let's see when it's half gold's marketcap. |
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It's the odds makers who decide what the lines are. The UFC has nothing to do with it, they promote fights (aka hype and sell tickets).
Yes, I understand that its the odd makers, but I want I mean is basing from Miocic interviews, they are building Francis Ngannou and hyping his name more than the champion. We have seen Tyron Woodley complain about this several times. That's why I believed that Miocic has something to proved when they face each other. Im not that surprised. Peoplel ike to make money, and they may be seeing Ngannou as the new money making cow that will keep KO'ing people for a while until people figure out his game or until he loses his edge due making too much money/partying/ageing. Some people see Ngannou as the up and coming HW king. I think it's not that clear, Miocic is a proper viking, he may be able to take the Ngannou beast, I think I may not gamble on this one. DC vs Volkan is a much easier bet, DC should win this one, then go fight againt with Bones probably next year or something. |
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Who on Bitcoin can snap his fingers and create money out of thin air?
Anyone because PoW does nothing to force convergence of rough consensus attacks (aka forks or altcoins). This is because cryptocurreny is inherently non-fungible. It doesn't matter if you mix inputs to hide sender/receiver; that does nothing to solve the problem. Assumptions go into the white paper that things like the longest chain rule will prevent two coins with the same algo from existing at the same time and that PoW will force convergence, yet BTC and BCH both exist at the same time with the same algo, clearly nullifying that assumption. You agreed with my example that cryptourrency does not actually have scarcity because Vitalik can create one billion scamcoins in his basement by snapping his fingers then do it again five seconds later. The fact PoW does nothing to solve rough consensus attacks means proof of work is in the same boat. It just happens through slightly different mechanisms. So called "network effect" does absolutely nothing to force convergence either, because bitcoin has built-in usurious middlemen called transaction validators who want a cut of every transaction. Since block space is highly limited, the success of bitcoin is it's own worst enemy, increasing fees exponentially and giving it a reverse Schelling point - driving users to OTHER chains to avoid usury fees, compounding the inability of PoW to force convergence even further. "Anyone".. really? you are anyone, can you raise the 21 million coin limit right now? And last time I checked, BCH is an altcoin, and everyone knows that, it's a separate network, different EDA, and so on. I have never seen anyone being able to raise the 21 million coin limit on actual Bitcoin, have you? Bitcoin is supposed to be used by high finance moves, so if this theory is correct, then the price will keep growing along with the fees. So if you have to pay $1000 but BTC is worth $1million, then so be it? It's still cheaper than pretending to move $1million worth of gold around undetected. Also, you didn't address my point on how it's not clear to me if "organic supply" of gold is better than a man-made total supply that we all know about. Like I said before, if you or your family live long enough to see a discovery of an huge gold mine, your/their gold's purchasing power will plummet. Meanwhile, if Bitcoin is still a thing, it's purchasing power will be unaffected or go up as a result. Also, how do you even know you are not living in a computer simulation? maybe there is no such thing as "gold's organic supply" and it's also coded by whoever created the computer simulation.. and so on. So I would rather have clear rules that we all have to follow than just hoping your holdings don't collapse if we find massive amounts of gold somewhere in the future. |
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This was surprising because it would mean that the government in China was never cooperating tightly with Bitmain so that could be discarded as a conspiracy theory now I guess? Since if they where working together, they would be still helping miners. They would screw their citizens and they did by closing exchanges, but miners too?
I think we will see some price turbulence due FUD but we'll be ok after that. The loss of hashrate comes with more incentives to mine for someone else due decreased difficulty.
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Complete bullshit definition. It's just some Tyler on ZH talking his book. He used the definition of CURRENCY as the definition of MONEY. Dog shit can be used as currency. Money has mandatory, required traits like fungibility. That Tyler is a scammer. He also ended his post with "but cryptos and blockchain are the future". Just like how every mindless baboon scammer on this forum repeats the same cut and paste phrase "blockchain is the future", "ethereum is the future", "ripple is the future".
Bitcoin is a currency, not money. That's why it's called "cryptocurrency", you apes. Cryptocurrencies are designed to centralize, permissioned ledger, non-fungible, Rube Goldberg machine currencies. They sure as fuck aren't money. As if something based on artificial scarcity could be money. You do know scarcity is also a required trait of money, right? And no, scarcity does not mean "artificial scarcity" where some Russian jackass named Vitalik instantly creates a billion scamcoins in his basement by snapping his fingers, and can do the same thing again 5 seconds later. That does not qualify as scarcity. Neither does bitcoin. Artificial scarcity is not scarcity.
Silver and gold are money. Bitcoin is a currency just like US dollars and airline miles. Have you noticed the common denominator of currencies yet? They're generally all based on artificial scarcity.
Who on Bitcoin can snap his fingers and create money out of thin air? It may be true with Ethereum and any other crypto that has a visible leader which has insane amounts of power and influence (basically the creator tends to have this cult following), but who would be allowed to hardfork Bitcoin unilaterally to raise the total limit supply? Also as it it really artificial scarcity? The power to generate the coins is very real and exists on the universe (which is why I don't believe in non-PoW proposals thus far). The curve of inflation is what's coded... but once coded it cannot be changed realistically. It's an interesting thing to think about. In any case, are you sure "organic scarcity" is good and better than an strict set of rules which everyone has to follow? Suppose you are holding gold, then technology allows us to go into asteroids and we find an insane amount of gold somewhere else. You may not see this but if you have kids or family that inherits your gold, they would, then their gold purchasing power would collapse as huge amounts of gold are found interplanetary or in asteroids. At that point you are fucked, but if Bitcoin is still working, Bitcoin holders would be the winners. |
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Now a days there are so many coins available in the market some of them are based on bitcoin technology and some of them are based on ethereum, if I am developing a website which is dealing with both of them how would I determine which coin is based on which technology because both the technologies have different daemon commands and different jsonRPC
Just go to the github project and try to find out if it's a fork of Bitcoin or if it's a fork of Ethereum, it should be easy to see by looking at the branches and where the project comes from, also usually the ANN thread here in Bitcointalk (every alt has an ANN thread) should contain this information and if not you can ask directly to the developers. |
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It certainly has the potential to surpass Bitcoin, not because it's better (Ethereum is a clusterfuck for so many reason) but because so many big companies are backing it because they are holding bags and big whales holding bags means a big pump to exit the market must happen sometime in the future. The problem is, ETH continues to underperform against BTC, and most people buy ETH with BTC, not with USD... so unless it starts performing great against BTC, I will not bother. I want more BTC gains, not more USD gains while I lose BTC (and that is what ETH is doing thus far, look at the charts).
In the long term ETH will collapse and BTC will be #1 for a lack of a better alternative.
Yeah, Will you always keep using Bitcoin even though the fee of each transaction reaches 100$? In terms of features, Ethereum is far superior. Not really. Ethereum is a step backwards when it comes to having secure money. When idiots can flood the network with "cryptokitties" then using Ethereum as a store of wealth is stupid and the fees in Ethereum are going up too and eventually you will only be able to afford off-chain transactions. When the fees reach 100$ I guess I will use Litecoin for smaller transactions. The Bitcoin fees are supposed to go down a lot once segwit+schnorr+MAST kick in, we will also get to find out if segwit blows up or not. |
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Well, the best one would be MEW (MyEtherWallet)
I need several public keys and it looks like MyEtherWallet just creates 1 private key - 1 public key per UTC file, so I would need to create a bunch of diferent UTC files, all passworded, and import them each time to access each address... too annoying. How do I manage several addresses within the same wallet/file so I only need to enter a password once? |
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Will Ethereum become the world's first-largest cryptocurrency?
It certainly has the potential to surpass Bitcoin, not because it's better (Ethereum is a clusterfuck for so many reason) but because so many big companies are backing it because they are holding bags and big whales holding bags means a big pump to exit the market must happen sometime in the future. The problem is, ETH continues to underperform against BTC, and most people buy ETH with BTC, not with USD... so unless it starts performing great against BTC, I will not bother. I want more BTC gains, not more USD gains while I lose BTC (and that is what ETH is doing thus far, look at the charts). In the long term ETH will collapse and BTC will be #1 for a lack of a better alternative. |
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I have never seen an accurate prediction by McAfee worth mentioning or at least crypto related. I don't know what this guy has been doing all his life since he created the anti-virus empire... probably nothing but being on a perpetual vacation, now he comes back with crypto to stay relevant, will support anything as long as you pay him. He is similar to Jeff Berwick and all these guys that will pump anything on their Youtube channels for a nice sum, wouldn't trust these guys at all. They don't care about crypto and what it means, they just want more $$$.
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I need to store some Ethereum and I can't be bothered with downloading the entire blockchain which is impossible anyway. I tried Parity in the past and managed to get it synced but I remember someone found a very serious exploit it.
What other alternatives are there to store some Ethereum? And no I don't want to spend any money no a Trezor or anything, it's not an amount important enough for it. I just don't want to waste time downloading the blockchain.
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Hello, for example I'm offering a onlie service, for example coinmarketcap, this service receives each day a lot of traffic, how could I monetize and start profiting withou putting ads on the website? Some ideas?
Thanks!
If you don't want to add ads which is the classic method to monetize traffic, you must go for the "premium route". If you owned coinmarketcap for example, and you didn't want ads all over your website, you could offer members that subcribed to your site with a premium offer a way to own their own portfolio and track the stats, or maybe also give them to add a cryptocurrency on the list of coins automatically and any other benefit you could think off to give them a real incentive to pay. |
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Also like I said before, RaiBlocks employs human interaction when there's lack of consensus, this is a fatal mistake. Anyone could bribe these "representatives" and then you are fucked.
There's no human interaction. A representative is just like a miner except that instead of doing a proof of work, it votes with a weight base on the amount of XRB that they represent. Anyone can be a representative, there will easily be even more representatives than there's Bitcoin miners, so no representative alone has power and as oppose to Bitcoin miners, most representatives will be known and respected businesses. RaiBlocks "Delgated Proof of Stake" consensus mechanism is fully decentralized, require no fees or inflation, the fastest and it is more decentralized than "Proof of Work" : https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdfThe missing part is: "How are representatives paid" : They are not, they get something more valuable: "trust votes", businesses will want to be a representative just to this recognition, it is much more valuable than "facebook likes" because it can't be faked. A lot of other coins are really fast, that means nothing. Ripple is fast and cheap, Dogecoin is fast and cheap... it really means nothing without taking into account the rest of factors. Im tired of people saying "this coin is cheap and fast in it's transaction... moon time fuckerss!!" it doesn't work like that.
There's no other coin that currently have the transaction -and- confirmation speed as RaiBlocks. This is because representatives are only needed when there's a conflict and because when there's a conflict, it involves all representatives at the same time on every block, so you don't need to wait for multiple blocks (~6) to have a full confirmation, one vote involving all representatives = the block is confirmed. But there's much more nice things about RaiBlocks, read my post above. This all sounds nice and good on paper, let's see how RaiBlocks does in the real world as it gets tested attacked and twisted in a million angles. A lot of people aren't being realistic I think, and aren't considering all the possible game theoretical exploits possible in all these models that don't rely on the original PoW model of Bitcoin (which sure, has it's own problems, but has been the most solid thus far). RaiBlocks would need to get as big as Bitcoin to get the attention of a global attacker (triple letter agencies) in order to really test it's strength, until then you are living under the illusion that it will survive. I wouldn't trust big money on this thing, speculating with some is fun but that's all. I just don't believe the delegates model will cut it once it gets attacked for real. |
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