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It's impossible that legit, real BCC tokens exist because there are no 2 chains yet. You need to WAIT FOR THE SPLIT!
If you don't wait for the split, you have to assume you are trading futures, or you are getting scammed. No other options. If the blockchain for the token doesn't even exist, there's no discussion. Im not even going to open yobit to see what's up, I don't care and I will not stress about it until we get a confirmed split.
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So no one feels qualified to answer my previous post, regarding how dangerous it is to write down private keys after (temporarily) disconnecting from the internet? It seems like that would be important information to be aware of, for noobs and even people with some computer/software knowledge.
I'd rather not move the entire content of my wallet if it is avoidable....
If you really want to export private keys, you should do this under a safe, isolated operating system. If you are using windows, you have to assume that you are compromised by default because it's closed source, even tho you are most likely OK, when it comes to money, you better be extra paranoid. This is why Tails is a good idea. Tails isolates everything, you boot with the DVD, download the ISO with torrent for automatic checksum verification so you know you are not getting main the middle attacked. Use Tails, which has in-built Electrum btw, so get the seed loaded, get the private keys, and export to BCC or whatever you want. That is think the safest way. You don't need to know how to do anything else. I never used Tails, other than creating a paperwallet, and if i had coins in Electrum, that is what I would do. |
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Apparently Electrum is safe enough, there's only a tiny amount of possibility of risk due its SPV nature, so if you want to be safe, you know you must resort to a full node, but if you don't have that much money invested in Bitcoin, keep it on Electrum and use an exchange (since you will not be able to move them into the Bitcoin Cash client).
Kraken should be safe. I wouldn't never trust ViaBTC. But if you just want to quickly jump, any exchange should do the job. Get in and out quickly and don't gamble with your coins leaving them on exchanges waiting for the perfect price.
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I have been lost many money in bitcoin industry but i wouldn't lose any more. I am using Electrum for bitcoin. will i able spend my coins in both chains after fork?
Im not sure. I think you should be able to import the seed in the other chain somehow. There's an Electrum Cash software client but according to the Electrum statement made on their site, it is not officially endorsed by them: https://electrum.org/bcc.txtHonestly and just to be safe, if you want to spend your BCC, get a Core full node, then get a BCC full node from bitcoincash.org. Every other method is risky to me and I wouldn't bother. You must set this up before august 1st so you must download the blockchain quickly tho.. Its already too late when you decide up to download the whole blockchain as of now when you decide to use bitcoin core unless if you have super duper speedy internet that would able to download in a matter of 2 days. we are on July 30 and thinking of that split will happen on August 1.Theres no much time left to make such action this is why i do stick with electrum as long you do hold the keys it wont really be a problem for sure. Yes, it's definitely too late for most people now. The only way out I see is to ask someone with a great internet connection to upload the entire blockchain in a Mega link, then you would be able to download it at full speed (Mega is really fast), but then again, you would need to validate the entire blockchain... it's a mess to be honest. I guess what i would do is to get a paper wallet and put all of the coins together there, then once the split happens, sort them accordingly. |
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Crypto saw many ICO these last months, but there must be many more coming later this year. Which ones you are excited about? Why?
I have been looking at different projects, I like the Blocknet one, it's an inter-blockchain project where the transactions between blockchains can happen in a decentralized fashion. The problem I see is that you must have the full nodes installed for every altcoin that you want to transact, this is not newbie friendly. They are considering different methods like SPV, we'll see if it's not vaporware. |
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I have been lost many money in bitcoin industry but i wouldn't lose any more. I am using Electrum for bitcoin. will i able spend my coins in both chains after fork?
Im not sure. I think you should be able to import the seed in the other chain somehow. There's an Electrum Cash software client but according to the Electrum statement made on their site, it is not officially endorsed by them: https://electrum.org/bcc.txtHonestly and just to be safe, if you want to spend your BCC, get a Core full node, then get a BCC full node from bitcoincash.org. Every other method is risky to me and I wouldn't bother. You must set this up before august 1st so you must download the blockchain quickly tho.. |
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 What do you think ? Looks good to me, but I have my doubts about Ethereum. Can Ethereum really stablish himself as a long term project? It has had way too many problems, and I see nothing but big problems in the horizon. According to the SEC, securities being sold as ICO are all illegal.. Also it has all the scaling problems (much worse than BTC) yet to be seen to be solvable. Maybe STRAT can take it's place, but im not sure about that as well. |
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At the time of the fork any one who is short bitcoin on Kraken (and I imagine any other exchange supporting bitcoin cash) will be debited an equal amount of BCH.
example: margin sell (short) 10 XBT/USD = -10 BCH (short xbt, long usd)
Because of this, there is absolutely no way to break even off of a Bitcoin short, let alone profit. Essentially, this is going to force everyone who is currently short to close their position, which obviously means they have to buy bitcoin. All of this demand will almost certainly cause the price to rise, no?
In theory we should be seeing a pretty sizable short squeeze prior to the fork.
Or am I missing something big?
In my theory we should be like this : Before splitting everybody will buying more Bitcoin,because after splitting they will get a clone from chain split and that thing can be sell in any exchanger that support it such as kraken,bitfinex and other exchanger. For example : We have 10 BTC in our cold storage,after chain split we will get 10 BTC+10BCC/BCH,and when everything is fine(we can do a transaction) i think more likely we will see another decline for BTC because some whales should be thinking how to pump BCC/BCH first before get out from that boat. So,based on my statement above all that i can see is we will see another long squeeze because of BCC/BCH existance but i will not last long. wont it be more likely to rise (btc) from people dumping bcc to buy more btc? No it will be exactly opposite. People buy BTC now to have that BCC and sell it for more BCC as it is super cheap. It's an opportunity to get rich real fast. BCC is the only elegant solution. Nobody with deep understanding would support BTC and their bankster bought developers. Ignore this troll at all times. He is either a comediant that does it for fun or under some sort of payroll where he is told by superiors to: 1) predict bitcoin crashes that never happen (in other words promote FUD) 2) promote big-blocker agendas (in this case, the BCC hardfork, im sure that if you browse his posting history you'll find out XT, Classic, Unlimited etc shilling) BCC is crap, it may pump or it may dump, the end result in the long term is the same: worthless alt. |
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Ok so what is the best BCC wallet to download then? I am too lazy to use google
As far as I know, there's only one wallet... the wallet on www.bitcoincash.org , and that's about it. There's a supposed "Electrum Cash" wallet, which Electrum developers have said that they do not officially support and it has nothing with them, so this tell you how ridiculous the situation is. By no means download that wallet. Just get the full client on bitcoincash.org which is just a full node ripoff from Core 14.0 and copy-paste your block files on there, in case you are not running a full node already then you will need to download the whole thing again... |
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I think we need to talk about why people are calling for growth in the blockchain capability. The growth is being called for due to: (1) Increased transaction sizes which are touching the limits of what's possible (2) Larger fees (3) Longer waiting time for to be confirmed The chart you posted only addresses (3) and it DOES show an increase but the scale is only a year, which eliminates the ability to compare those spikes to what could be a steady upward trend (but is only seen if you use data going back several years). The call for an increase in transaction throughput size has been going on for more than a year. The graphic I provide below shows average block size from the beginning to today. We've reached the max, guys, there's only two options from here - allow larger transaction sizes or watch Bitcoin become less and less useful.  best images for websitesMoral of the story, Don't believe everything you read on the internet! Make sure you do independent research!
And 2x is not just 2MB. Blocks will be bigger than that. Less people will be available to run a full node! As fraudster Craih Wright said; If you can't run a $20.000 node, piss off!".
What kind of normal thinking person would agree and accept all that crap and hand full of guys is planning to do with Bitcoin?!
Totally agree that Craig Wright is a fake. He's comes across as the Trump of Bitcoin. What do you propose as an alternative. Block size capacity needs to be increased...so...how do we do that? The problem is not if the blocksize should be increased or not, the problem is HOW and WHEN. The segwit2x agreement is obviously rushed, and the thought of developing it leaving Core behind is an act of nothing but insanity. We have to leave segwit running for at least an entire year, then consider again if we really need a blocksize increase and do it the right way, not in 3 fucking months. I hate the fact that in 3 months we will have another price crash and drama because of idiots wanting to rush a hardfork. After we get segwit in we don't need to raise the blocksize in 3 months, period. |
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There are a bunch of other threads that have a discussion on it, but I will post here as well.
It is very simple to pay taxes on cryptocurrency in the United States. It is treated as property in the IRS's mind. So you would handle it the same way you would handle gold or silver profit/loss. No further discussion necessary unless they change the law.
I think in the USA it's exactly as I described. Depending on the amount of time you hold it, you will pay more or less tax, so just hold your BTC from the time you receive it +1 year. Just in case (because you never know when they will change laws...) try to keep every transaction logged and every trade. Im trying to do this and it's a mess trying to keep up with every tx but I try. |
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Probably not a popular subject, but something that should be discussed since we don't live in a free market.
Just opening up a general discussion on it.
As far as I know, all you need is report it as capital gains, and depending on how much time you hold it, you will pay more or less. If it's hold for less than 1 year, 45% is what you will lose. If you hold for more than a year ,it's much lower, 20%? I think. It's a bit of a mess since BTC is so new, every country has different laws about it. |
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Can you explain what constitutes "a week"?
Does it start counting by the time you are added or is there a fixed schedule?
For example if my join date is 26th july (and it is according to the spreadsheet), I need to post 25 posts before august 3th?
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User: oblivi
Position to Apply: Hero Member
Posts Start: 1285
Address: 1NYdoHsAedbQQFRzVrhHrtBe81qrgzGYJz
I have not been very active lately because I took a break from the forums, but I keep up to date with news, im a bitcoin expert for many years, and I speak perfect english (you can look at my past posts), I hope I can be part of promoting your website.
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Wrong, my posts are good enough, never had a single complain by 0 managers and I have been in endless campaing, but now im blindly rejected on campaings that use the list because of the mere reason of me being on the list.
You're blacklisted by 2 managers, yet you claim that no manager ever complained about you?  Yahoo just copies whatever people you add on your list. What im saying is that you should not be forced to post in a certain way just because you are wearing a signature campaing.
Tl;dr: I should be allowed to spew out garbage while I'm participating in a signature campaign. How about no? Cool, even then, I never spewed garbage while participating in a signature campaign. Im just saying because you post a couple shitposts while wearing a signature is not the end of the world, but I was cautious about it and still ended up there. All campaings that pay decently use SMAS except betcoin.ag which actually take the time to select members for themselves.
I was not aware of this, source?
Inactivity might be construed as account farming, especially if care is taken to ensure that potential activity points aren't lost. Even if it were not so, campaign managers may be reluctant to block a slot for a person who might not make sufficient posts.
Correct. That is also likely going to get you banned depending on your posting quality. This is why we give people a chance for review, 1 month after your ban. (@oblivi). When was my bitmixer ban? I would like a review. You are going to raise standards so high that you'll end up banning like 99% of people from campaigns.
~18% of the total users (normal list + special list + banned list) are currently enrolled in Bitmixer. I've actually had a small *spike* of very constructive users lately, thus your argument is invalid. I never had a single problem in the endless sig campaigns i've participated at, always told that I did a good job. It's only after the SMAS thing started that I get insta rejected because all managers do is copy+c on your nickname and ctrl+f on this thread, if you are there then you are fucked, it's as simple as that, and it's unfair. Im sure I would have been able to participate in all those campaigns managed by yahoo in a pre-SMAS environment. |
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Dear Lutpin,
Inactivity is a kind of spam ?
Yahoo manages a list of inactive users and merging it into spammers list and finally you are adding them into blacklist.
He is a manager he has all the rights to have his own list.
I just want to confirm whether SMAS covers inactivity ?
Inactivity might be construed as account farming, especially if care is taken to ensure that potential activity points aren't lost. Even if it were not so, campaign managers may be reluctant to block a slot for a person who might not make sufficient posts. Another ridiculous thing. People take breaks, sometimes they don't post for months, who cares about how long the person's break is as long as they do a good job when they are actually posting within the campaign term. You are going to raise standards so high that you'll end up banning like 99% of people from campaigns. |
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My account got added on that list for no reason, since my posts are good enough.
People don't get added for 'no reason', and your own assessment (which is obviously cognitively biased) of yourself is pointless. Wrong, my posts are good enough, never had a single complain by 0 managers and I have been in endless campaing, but now im blindly rejected on campaings that use the list because of the mere reason of me being on the list.Honestly this forum is becoming a chore to use. You can't no longer have fun. You are always paranoid about how your account will be trashed because you posted a reply that was too short, or you posted a couple of messages in a row... ridiculous. Let's just hope there are still sig managers willing to select members for themselves instead of blindly trusting a list made by other people.
If you are here to genuinely just have fun, or contribute in one way or another, you wouldn't care whether you could get into some signature campaign or not. You can do whatever you want (as long as you follow the forum rules) without being a signature campaign participant. What im saying is that you should not be forced to post in a certain way just because you are wearing a signature campaing. Sometimes I feel like replying a really short reply or posting something less serious but you can't do this because you were wearing a signature campaing, im ok with it, don't pay me for those posts, but that should be up to the manager to decide. I would still be making money with the more serious replies and the manager is still getting his link out there which is all that he wants (proof is, they don't even care to look for themselves, they just blindly follow the list)Now it's pretty much useless since most sig campaings are using the stupid centralized lists instead of taking the time to look for good members for themselves.
What campaigns are you talking about? Most of the campaigns that use the SMAS list are run by the members of SMAS anyways. All campaings that pay decently use SMAS except betcoin.ag which actually take the time to select members for themselves. |
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My account got added on that list for no reason, since my posts are good enough. Now it's pretty much useless since most sig campaings are using the stupid centralized lists instead of taking the time to look for good members for themselves.
Honestly this forum is becoming a chore to use. You can't no longer have fun. You are always paranoid about how your account will be trashed because you posted a reply that was too short, or you posted a couple of messages in a row... ridiculous. We should be able to shitpost a bit and have fun even when wearing a signature campaing, just let the admins fo the signature campaings decide if they will pay us or not for the posts individually. Sometimes I was in a campaing and I felt like replying a really short answer or posting a funny gif as a reply or shit like that, but I was too paranoid that I would end up getting banned. Somehow I still ended up on that list.
Let's just hope there are still sig managers willing to select members for themselves instead of blindly trusting a list made by other people.
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Also, it is not clear which government you imply specifically. There are many governments out there, and all of them are different in respect to Bitcoin (if you meant to refer to them collectively). Nevertheless, the government may just have underestimated the potential threat of Bitcoin, and it probably still does so. On the other hand, is there any real threat coming from Bitcoin at all? Surely not if we mean major players like the US, EU, China, and their kind. Smaller governments are irrelevant anyway, even if they choose to outright ban Bitcoin, and they seem to understand that. Paradoxically, Russia also changed their attitude toward Bitcoin eventually, as I got it, mostly because of other big players being more or less loyal toward Bitcoin (so as not to be a black sheep of sorts)
Bitcoin is too small to be a threat right now (so that is another reason to buy it at this price.) The US-led system has clearly seen it as an asset rather than liability, for the reason I stated. If the major governments present a united front (as often has been the case when the imperial system was strong, e.g. the IMF stipulates no member may anchor its currency with gold,) and if this united front doesn't want Bitcoin, Bitcoin would probably be dead. Right now, only the West, plus Japan, Australia, etc. support the imperial system. Russia and China are not (fully) co-operating, so that is another reason for buying Bitcoin, (similarly for gold in this case.) We can only hope that by the time they consider bitcoin a real treat, our technology is robust enough, and private enough that we can bypass all the government 1984 tier surveillance. Make no mistake, it is only a matter of time until US, EUR China and Russia start banning bitcoin, some other places may follow. Governments hate to not have control of the monetary policy, they will not give up without a fight, so bitcoin and its community must remain strong in order for freedom to finally win. |
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They always make the same thing... they are always very skeptical, even if they keep getting proved wrong. Bitcoin has died now more than 100 times according to bitcoinobituaries.com, but we will always have people screaming doom about it. If only they knew that the best has yet to come... but the fact that mainstream media is not being as vocal this time as they did in 2013 is actually good. Mainstream media always overhypes things and brings massive rallys. It's better that we keep growing in a lateral figure than a sudden single candle that resembles the world trade center. |
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