Bitcoin Forum
June 17, 2024, 02:27:27 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 ... 224 »
661  Bitcoin / Bitcoin Discussion / Re: 'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher on: May 10, 2023, 03:20:28 PM
I remember there were a number of Bitcoin supporters, even developers if I'm not mistaken, who brushed this Ordinals issue off when it was launched months ago saying it's not a big deal, that it will just die sooner rather than later, that they be allowed since they're paying fees for their transactions anyway, and so forth.
I think it should be allowed to use Bitcoin blockchain for transactions as fair as other reasons. We should not block some reasons that are not allowed to use Bitcoin blockchain for transactions even if the users are ready to pay transaction fee.

Quote
Now, this issue has already escalated a lot and we seem to be taken back to step 1. Whether this now is a deliberate attack or not, bold steps should be taken. After all, it has already shaken the very core of Bitcoin. And I guess this transaction fee problem has not yet even reached its climax.
I believe solutions should be made not only to stop this escalating attack but also to increase Bitcoin blockchain capacity to cope with bigger demand, bigger transactions per block, bigger size.

It is better to see bigger demand on Bitcoin network and it shows us the recognition of community on the quality and security of Bitcoin blockchain and network. Many altcoins have bigger block sizes, faster transaction times but who care about them for their transactions. If they can, they will choose Bitcoin network.
662  Bitcoin / Bitcoin Discussion / Re: 'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher on: May 09, 2023, 02:25:14 PM
it doesn't matter who is responsible for the attack and what types of transactions are flooding the blockchain... someone is paying for this.
Transactions are vitamins to keep the network lively. People who are readily to pay those expensive transaction fees deserve what they do but it affects other people who are not ready to accept very expensive transaction fee. They are either smart enough or poor enough and can not afford to pay such crazy fee.

Quote
so you have 60 000$ per 10 min = 9 mln $ per day. No matter if its bitcoin attacker that wanted the price to collapse, or pepe kids excited about new use case, sooner or later they will run out of cash. And there will be only one winner. bitcoin miners = bitcoin security = bitcoin network
I don't like what are happening with Bitcoin blockchain and its transaction fee but this attack gives us a signal that Bitcoin miners will be fine in future. Even in 2140 when no new bitcoins from block reward, they will still earn enough money from transaction fees.
663  Bitcoin / Bitcoin Discussion / Re: More Calls for Bitcoin Adoption Amidst Transaction Challenges on: May 09, 2023, 11:30:27 AM
Bitcoin gives us a tool for censorship-resistant peer-to-peer transactions and it fulfills this mission.

Do you want to make a transaction with bank in fiat currency, digital currency, CBDC and a few hours later, you receive a notification that it is rejected and censored by some stupid reasons?

I believe none of us want to experience it but with CBDCs, you will have to cope with censorship that you don't like definitely.

[GUIDE] All About Central Bank Digital Currency (CBDC). It is helpful to get basics about CBDCs and how censorship can be done by banks and their CBDCs.
664  Other / Serious discussion / Re: Delay your Bitcoin transaction for this week| Volunteer campaign on: May 09, 2023, 11:22:56 AM
I agree that postpone transactions is the best to do now. Fees are really crazy.

Until this ordinals crazy ends, there isn't much we can do. Fees are already better than when you posted.
Mempool began to look less deadly when waiting transactions with very expensive fee rates have been cleared gradually in the latest hours. Mempool is moving from red bands to yellow bands which are less expensive for us.

However I agree with you that we don't have reasons to move our bitcoins in these days and feed miners as well as the attacks on Bitcoin network. If many people do this, we can stop the attacks sooner and contribute to bring fee rates to new normality.
665  Other / Archival / Re: The bitcoin blockchain is on its knees again on: May 08, 2023, 12:48:58 PM
Hodl is never a solution, it is just a way to wait out the problem. If not stupid pictures then something else will happen — like stompix said about possibility of 100 millions of Indians to start using bitcoin for small payments. Scalability problem can't be solved by not making transactions.
The blockchain is created for Peer to Peer transactions so stop making transactions sounds very weird idea. So will the Bitcoin blockchain need to exist either?

Quote
Even increasing a block size will be a temporary solution as we need billions transactions a day to compete with main centralized payment-processing services. If devs will not find a reasonable way to solve a scalability problem we will face the same situations again and again and bitcoin will not become a real mass payment system.
It is true that if Bitcoin adoption becomes bigger and bigger which I believe will happen, blocksize must be increased and increased again. I don't know that why in 2017, people only decided to increase it to 4MB maximally for a block (1MB Witness, 3MB Non-Witness data)?

Why don't increase it to like 100 MB/ block?

Does block size increase will bring some technical problems to miners and nodes? Like they have to upgrades their resources.
666  Economy / Gambling / Re: ✅ NowDice.com 🎲 Low House Edge 🎲 NO KYC! 💰 Jackpot 💰 on: May 08, 2023, 12:36:33 PM
1. We have made changes to our fee structure. From now on, we will cover all transaction fees, eliminating the need for you to worry about any additional costs.
It is a good marketing for your casino and you are generous too when transaction fee on Bitcoin network is very expensive lately.

Hopefully you will attract more users by this as part of your team efforts to make your casino bigger. Hopefully the chaos in mempools from Ordinals, BRC-20 tokens will not last too long.

About withdrawal request from NowDice, will your team approve and proceed it automatically, instantly or will your team do it manually that take longer waiting time like a half of day, one day?
667  Economy / Exchanges / Re: Paxful is Coming Back but... on: May 08, 2023, 03:43:40 AM
Paxful is not P2P exchange.
They are like Binance P2P or other P2Ps from other centralized exchanges. They are not actual P2P marketplaces but I know people prefer convenience, quick trade experience than their privacy that requires a little bit more time to complete their trades. On actual P2P marketplaces, trading volume will be lower and your trade order usually needs more time to find a trade partner and complete that trade with your P2P trade partner.

Quote
P2P exchanges are decentralized, not centralized. Example of a decentralized exchange which is regarded as P2P is Bisq.
Other alternatives for Bisq is AgoraDesk, RoboSats. Reviews and website links to those alternatives, from KYCnot.me.
https://kycnot.me/
668  Other / Archival / Re: ✅ [ANN] [banned mixer] | Bitcoin Mixer | Bitcoin Tumbler | Since 2019 ✴️✴️ on: May 08, 2023, 03:36:58 AM
The slogan of Coinomize is Low fees that is attractive but Bitcoin blockchain and its mempools can be changed a lot by demand from users and its capacity to handle transactions will depend on miners too. If miners plug in more ASICs, total hashrate will increase and increase the network capacity. If miners unplug their ASICs, the capacity will decrease consequently in a same network difficulty period (14 days).

With recent spams from Ordinals, BRC20 tokens, what is the view of Coinomize and what will be your plan for Fees on Coinomize?

I appreciate the team inputs for this issue on fee.

After I clicked on a clearnet link, I got this message
Quote
Your request was blocked because your IP is from the Tor network.
Use Coinomize through the Tor browser via the following URL:

[banned mixer]
Why Coinomize does not direct users from clearnet to Onion without that message and requirement to copy and paste that link manually?
669  Bitcoin / Bitcoin Discussion / Re: Paxful back up and running on: May 07, 2023, 03:52:53 PM
That's quite strange! Because the owner announced their shut down and moved their users to a clone website. And now they are back. It seems wired.

I have just checked the status page and it seems some maintenance is ongoing and their trade function is out of service.

https://status.paxful.com/

I haven't logged in yet. I will wait for an official confirmation from the owner before resuming trading.
Paxful did not announce anything with their Twitter. I believe that their platform was not resumed to trade normally after all.

In the past Paxful actively used their Twitter for announcements so if they resume their platform trading, they surely will announce it officially on their Twitter as well as their Paxful blog. We did not see it so far.

And looking at paxful's twitter handle, they've got a sticked tweet about their suspended their marketplace since April 10 so, it's nearing a month already. While on April 18[1], its former CEO Ray has resigned.

[1] https://twitter.com/paxful/status/1648083919110119432/photo/1
If they resume operations, they might have a new CEO. New CEO can be Artur Schaback or an entire new CEO but no announcement from Paxful or Schaback.
Artur's Twitter: https://twitter.com/ArturPaxful
670  Bitcoin / Bitcoin Technical Support / Re: Bitcoin fees - transaction cancelled on: May 07, 2023, 03:48:30 PM
Your transaction may take a longer time to be confirmed since your transaction already broadcast and received 1/6 confirmation, but certainly, it won't be cancelled since it has already been broadcast the minner is just waiting for the network to become less congested before the transaction goes through.

Your transaction will be in queue in mempools before it gets a first confirmation. The first confirmation is a hardest one to get but after that, it is on the blockchain and you will never have to mind about its fee rate or how congested mempools are.

In average block needs 10 minutes to be found and if it needs longer time, it won't be like 30 minutes or 1 hour likely. Your transaction will get its second, third confirmations in next 10 to 30 minutes or 1 hour but will not have to wait like 24 hours as a first confirmation. Because new block will be added after about 10 minutes for each.

Except if something really massive happens with Bitcoin blockchain like majority of miners turn off their rigs.

It is different with a first confirmation. If you use very low fee rate, your transaction might not be confirmed after 1 or 2 days or longer while on the blockchain, many blocks were found and many transactions with higher fee rates were confirmed by miners.
671  Bitcoin / Bitcoin Discussion / Re: Withdrewing the capital and reinvesting the profits. on: May 07, 2023, 03:38:53 PM
Withdrewing the capital and reinvesting the profit's.
Protecting your capital is your biggest task. You can not earn profit from your trading or investment but if you can get your initial capital, you are not a loser.

If you get profit, it is your priority to get your capital first (withdraw it) like you recommended. You can use your profit to trade or invest again. If you do this, you will have to lose very big two or three times to again touch your initial capital or lose it.

If you don't do that safe method and use all money (initial capital + profit) to trade or invest again, you might lose them all after one failed trade or investment.
672  Bitcoin / Bitcoin Discussion / Re: Paxful back up and running on: May 07, 2023, 11:12:31 AM
Btw, if this news is to be trusted, then the reason for their collapse is likely an internal/legal problem[1]. Not sure which side is doing what since the details are blurry. I'd rather stay away from any platform that has connections to either of them just to be safe.

[1] https://decrypt.co/125411/paxful-bitcoin-marketplace-closure-cofounder-lawsuit
Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling

There are internal conflicts of interest between Ray Youseff and Artur Schaback according to some articles I read. I think they have issues with regulations too as some other Peer to Peer marketplaces were shut down recent months, not only Paxful.

There are rumors about drug usage and addiction of Ray Youseff but I don't know how trusted such rumor is.

Generally I agree with you that it's not good time to use services from Paxful (if they are back) and new startups from Ray Youseff. We must have more confirmations and time to verify what Ray Youseff did with Paxful.
673  Bitcoin / Bitcoin Technical Support / Re: Bitcoin fees - transaction cancelled on: May 06, 2023, 10:33:17 AM
I read in some article if Bitcoin transaction can be cancelled if there's no miner pick your transaction into the Bitcoin block after 24 hours, so you get a notification in your wallet as failed, not pending or unconfirmed.
Your waiting transaction can be dropped from mempools after a while but it does not mean it is cancelled. Mempools only can drop waiting transactions that they think have very low fee rate but only you can cancel your transaction.

Now that (unfortunately in my opinion) there are ordinals and taproot, what if in 20 years from now the network is congested and the fees are much higher than the transaction I have signed?
Taproot does not involved in Ordinals. Do you think Taproot is responsible for what happened in mempools last three months?

It is a Segwit type and is better than Legacy by reducing used space in mempools than Legacy.
674  Economy / Gambling discussion / Re: UEFA Europa League 2022/23 Season on: May 06, 2023, 04:02:05 AM
Indeed I won't doubt that mourinho and Roma have all the chances to reach the final but reaching the final is not the only issue here as they would need to win the actual finals to be call champions and the other semi finals has a feature of teams that is well experience and exposed to European football.
It is harder to win semi finals in aggregated result than to win only a single match like a final match. You will no longer to worry about anything after a final match and can spend all resources you have for that match.

Champions League final and Europa League final usually are last matches in Europe and the times those matches often are hosted will give participating clubs more concentration for those matches. Usually domestic leagues finish before those finals and in some nations, only their national cup final matches will be hosted after final matches in European Leagues.

I think Roma will have big challenge from Leverkusen but they can beat Leverkusen with many conditions, they play well, be able to score goals, defend good enough to block Leverkusen attacking and prevent the opponent to have goals.

Quote
Juventus and sevilla are two strong teams that have been doing well especially sevilla, I think like Madrid are called king of the champion league same goes for this excellent sevilla team in the Europa league.
I consider Sevilla very high but I hope to see Juventus will make an Italian final match in Europa League with AS Roma.
675  Other / Meta / Re: Great addition for reports -- Age of a post on: May 06, 2023, 03:49:37 AM
Secondly, I think the 6months time frame given for a post that can be reported is not a bad idea, at that will give moderators less load, and ability to act on every report very quickly.
A spam post, low value post, off-topic post should be deleted whenever it is reported or seen by moderator. The age of that post is not important to decide deleting it or keeping it in one topic.

I disagree that limiting the age of post to 6 months + to consider deleting it or keeping it. Considering about its quality and off-topicness, contribution for discussion in that topic, and making a decision to send it to trash bin.
676  Economy / Scam Accusations / Re: Coinplay CONFISCATING 291mbtc of fair NBA winnings on: May 05, 2023, 05:00:13 PM
I am not familiar with what happened with 1xbit though, but I'll research it.
Start from this [WARNING] Beware of 1xBit casino, investors from Telegram, and Youtube scams!

I am very unsure what happened with 1xBit casino and their activities, advertisement here. They refused to resolve their scam accusations but are readily to spend budget for advertisements in signature campaigns, review campaigns many times. They do have budget for marketing but just used it not good enough.

With bad reputation and risk of red tagged for participants, they only can hire very low quality posters that is wasting their budget. They can use that budget to resolve their cases and move on with good reputation. Then they will be able to hire better quality posters.
677  Economy / Gambling discussion / Re: UEFA Europa League 2022/23 Season on: May 05, 2023, 04:32:09 PM
The strength of these two teams is relatively balanced but I am sure that Roma will be able to win the 1st leg which will be held at the Olimico. The Jose Mourinho factor is clearly more of a consideration for the Giallorossi, he has qualified experience in Europe but it also depends on the Roma squad in which the match is played, meaning that none of Roma's mainstay players are seriously injured.
I agree that two teams have same quality but I disagree that AS Roma will surely win at their home stadium. A home stadium is an advantage for the host team but it brings pressure to their players too. Because of similar player quality, anything can happen at home stadium or home-away stadium. Just a mistake from player or referee or an excellent strike from one player can decide its result.

Quote
Roma's seriousness was seen when they played the second leg when they were able to beat Feyenoord into extra time. In normal times, Mourinho's men almost had to bury their dreams, but The Special One was able to motivate his troops to catch up and force their visitors to recognize the greatness of Roma. Alonso certainly has to learn from the number of games played by Roma, otherwise he will become the next victim of Mourinho's cunning.
If you use the match with Feyenoord as an example, you should say how Roma were very close to a defeat in that match. Dybala saved them with a late goal and in extra halfs, they suddenly destroyed Feyenoord but in 90 minutes, that match was very equal for both teams.

Mourinho is more experienced than Xabi Alonso and Roma will have to hope that Mr. Special will choose a good tactics, good squad to help Roma gaining advantage from the first leg match.
678  Economy / Trading Discussion / Re: A nob in trading needs help on: May 05, 2023, 04:09:55 PM
I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives
Changing people's lives in what way? Positive or negative, what did you get from your reading?

Quote
and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.
If you see trading Bitcoin is risky, why do you want to involve in trading?

Quote
But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.
Trading Bitcoin is a mean to gain profit as well as a mean to have loss.

You win, another lose as in trading, it is a zero sum game. Same total capital but it flows in the market, from you to another, from your wallet to another wallet of someone else.

And you won't have passive income by trading as you have to seriously trade with knowledge and time spent for it. It's not passive.
679  Bitcoin / Bitcoin Discussion / Re: Bitcoin network fee, worrying sign? on: May 05, 2023, 01:35:20 PM
Sorry for another topic about the recent issue going related to bitcoin network congestion but I really want to know that Bitcoin ordinals so called NFTs is really going to change the fee required for the transaction in the future?
There will be more changes and upgrades for Bitcoin. Don't worry.

Before any upgrade comes, make your plans to consolidate your small inputs and make your necessary transactions whenever fee rate is cheap for you.

Quote
Because I didn't witness such kind of clog since 2017 but by that time there is no segwit, exchanges are clogging the network purposely and so on but later for so many years the fee issue isn't really there but all of a sudden we have to pay over 100 sats for over transaction to get into the block may create a bad image and it will create the FUD and may initiate the price drop.
Segwit did not have good adoption since its appearance in 2017. I recalled that Segwit only started to use more since 2019 and at least back in that year, some campaign managers in bitcointalk began to force their participants to use Segwit address for receiving payments.

However, Segwit adoption globally increased one or two years after what happened in Bitcointalk.
680  Economy / Trading Discussion / Re: Can Bitcoin trading be my sole source of income? on: May 05, 2023, 01:29:27 PM
As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.
With Bitcoin, you should start with investment that means holding it long time to take profit. To hold your bitcoins and don't be liquidated, margin called, self shake your hands, you must invest with your own money, not borrow money from someone to do that.

If you start with trading, you will take big risk and very possibly you will end with failure, debt and your life will not be easy.

Only trading if you have profit from investment and after have a few years in this market especially after you experience two years of Bitcoin bear market in its market cycle which is 4 years.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 ... 224 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!