Hello everyone.
I was just wondering, if is it a good idea to give away small amount of loans to trusted forum members to get some reputation?
I mean, what if i open a service which would allow senior or trusted forum members to take loans from me (around 0.02btc each, considering my current budget) if they need. Will that make a good impression on people for me or not? Will i get some trust or reputation by doing this?
Your thoughts? or, suggestions?

Hello,

1st of all sorry for my English (I'm French,1st message here and thanks to all of you for contributing to it ) but I have some questions I did'nt find any answer regarding the hardfork tommorow :

1) Will BCCs be used for selling and buying products (so also used as a money) or will it just be a "technical issue" for BTC resolved by this split ? In fact will it help having more faster transactions and less fees for BTCs or will the transactions be faster and cheaper only by using BCCs ?? If it's that, why will BCC have any value ??

1) I understood that same amount of BCC compared to existing BTCs will be created so a little bit more than 16 millions : BUT will there be also people continuing like a "parallel mining" to reach 23 BCCs in 2140 like for BTC ?

Thanks for your first answers !

Can someone kindly explain me step by step procedure for generating private keys using 12-word seed for claiming BCC if I have BTC stored in My Private Wallet in Lykke Wallet?
This is what is announced by Lykke Wallet as their August 1st plan : https://www.lykke.com/company/news/Lykke-Policy-for-Bitcoin-Cash

Electrum. They already made an announcement that they will be supporting Bitcoincash. They also have made a fork of the Electrum wallet called Electroncash. Hold your coins there and you can import the private keys later.

BCC wallets will require you to import your seed or your private keys,
which can be exported from Electrum. Doing so will expose all your
Bitcoin funds associated with that seed to the BCC wallet you decide
to use.

"Electron Cash" is a fork of Electrum for Bitcoin Cash. Electron Cash
is not endorsed by Electrum.

The person who distributes the Electron Cash binaries has decided to remain anonymous, and uses the fake name "Jonald Fyookball" in order to sign Electron Cash binaries. Thus, if these binaries contain code that is designed to steal your bitcoins, the author of the theft will be anonymous and walk away safely with your funds.

This danger is exacerbated by the fact that the default behaviour of
Electron Cash is to silently copy all your Electrum wallets into its
own directory. Thus, if you run Electron Cash on a machine where you previously used Electrum, all your pre-existing wallets will be
available in Electron Cash, and you will only need to enter your
password in order to expose your bitcoins to potential theft.

Folks,

Im wondering why the threshold for Segwit activation is now 90 or 95 percent. I thought because of the activation of BIP 91 the threshold will be lowered to 80 percent?

Thanks in advance for an explanation:)

My opposition is not because they are trying to hard fork
not because they are trying to increase the block size to 8 MB and open up many attack vectors.
not because they are effectively centralizing bitcoin.
not because they have the biggest scammer as their speaker.
not because they have been attacking bitcoin and trying to take over for more than 3 years.
...
these are all minor reasons.

the main reason that i am against bitcoinCash is because they are going against the majority. we voted, the nodes, the miners, the businesses, ... and got the majority on the current chain that you see and is called bitcoin.
but you could not accept and did not respect the majority's opinion and still insist on your minority hard fork.

and the worst part is you are going against "satoshi's vision", the very thing you pretend to support. which is a decentralized system that works based on consensus of the majority not what some small group of people want.

and here is a question for you:
you say your proposal is the best, you claim to be the satoshi's vision, and lots more. so why don't you make something from scratch? call it Satoshi's Vistion Coin or SVC for short.

Thank you for your reply

The reason for me to wanting to move to fiat is that i 'think' that it will swing up and down with all these uncertainties.
So might as well try and sell at a high price and buy in again at a low price.

There are many stories about coinbase and others moving their btc's to offline wallets, but i do think that the split opens up some interesting day trades too.

Since Coinbase does not support BTCC, would Kraken support both? i could not find much about this

On August 1 2017 at 12:20 pm UTC a small community of Bitcoin users is planning a hard fork from Bitcoin to an alternative protocol called “Bitcoin Cash” (BCH). Bitcoin Cash is expected to be a minority chain, with the vast majority of the Bitcoin community remaining on the chain that activates Segregated Witness.

All Kraken clients holding Bitcoin (XBT) balances at the time of the fork will be credited with an equal amount of Bitcoin Cash (BCH)

I'm using Kraken
How about i move all BTC to fiat currency instead?
And then buy back BTC whenever i feel like it might be going the right direction?

And also, i have a few other coins like ETH, LTC.
Should i convert them all to fiat or only BTC?

What would be your advice

Thank you

Due to the controversies of the BIP 91 proposal, Bitcoin mining provider ViaBTC and other supporters are planning a hark fork on August 1st. It will be called Bitcoin Cash with a block size of 8mb.

Now, it would be up to debate whenever this separate chain becomes successful in the future and it gets the attention from major exchanges, businesses, and startups that support Bitcoin.

Do you think Bitcoin Cash might overcome the original Bitcoin we know and love in the future? Or will SegWit2x prevail and render other forks useless?

I would like to know your opinion about this

Is there any danger / risk having my bitcoins at poloniex  after 1. August ? Also will my current Bitcoins remain Bitcoins (and not BCCs or a mix) at poloniex and bittrex after 1. August ? Cant find the answer anywhere !

We will be disabling deposits and withdrawals of Bitcoin (and all BTC related tokens) any time we deem necessary to ensure that all tokens stored on Poloniex remain safe. The length of any possible downtime is unknown as this is highly dependent on network stability.

At this time, we cannot commit to supporting any specific blockchain that may emerge if there is a blockchain split. Even if two viable blockchains emerge, we may or may not support both and will make such a decision only after we are satisfied that we can safely support either blockchain in an enterprise environment.

If you don't want to leave the decision of which Bitcoin tokens to support (or recognize as valid) to a 3rd party, you should not keep your tokens on any 3rd party platform.

Bittrex will close deposits and withdrawals of Bitcoin (including 2nd layer protocol XCP/OMNI and associated assets) 24 hours prior to the BCC UAHF time on August 1st, 5:20am (12:20pm UTC). The wallet will remain closed until the majority hash power chain is clearly established.

Bittrex will monitor the BCC network and developments and assess the viability of opening trading of BCC assets. There is no guarantee that any markets will open to allow BCC assets to be tradable on Bittrex exchange.

Hey guys,

Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.

What you guys think? Its safe to keep them there?

Thanks.

Some people that are not living under a rock know that bitcoin is going to hard fork come August first. After two weeks, when the dust settles we should have more clarity on the results of this split of the blockchain. I want to poll all BitcoinTalk members to see their perspective on this fork. Do you see gloom and doom or do you see opportunity and exciting times coming.

Please vote so we can have a sample of the community.

Almost everyone making online transactions thinks that using bitcoins would be a good way to stay anonymous. But the truth is bitcoin transactions are not really anonymous at all. All transactions are recorded and can be seen publicly through the blockchain. When you use your bitcoin to pay for goods and services online, you will need to provide some private information in some cases. This means that your transactions can be traced by a third party to find information. In order to avoid this from happening, bitcoin mixers provide services where your bitcoins are mixed with others to make it harder to be traced back from the original owner.

Do you think that it is a must for everyone to use a bitcoin mixer? Why and for what purposes?

Many people do not realize, but our typical fractional reserve banks generally don't oprate with cash. The amount of cash that a bank has is a small fraction of the amount of money that a bank has. If you try withdrawing $200,000 in cash, they would probably tell you that you have to wait a little bit, because they have to have more cash delivered from the Federal Reserve branch.

Banks operate on cash backed check or electronic funds. When you get a loan from a bank, they write you a check. The money is created out of nothing on the spot. How much they can create is limited by how much capital or derivitives the back has, which is in turn defined by banking rules. There are inspections or audits to enforce these rules. I think how much money a bank can loan out is around 9 to 1 for regular capital and 40 to 1 for derivitives. This money has value because it is backed by cash that comes from the Federal Reserve, which came from the United States Treasury if I'm not mistaken. You can see how little cash there is by looking at the money supply figures, M0, M1, and M2. Only M0 is actual cash that backs all that virtual bank money.

Cash itself was backed by gold or silver at one time but that's a different but similar story.

When you write a check and deposit it in another bank, the first bank reduces the money in your account, and the other bank increases the amount of money. No cash actually moves. If an imbalance occurs the Federal Reserve takes care of moving the cash to the banks that need more. In fact they have a system set up where they know which banks will need more cash during certain times of the year, such as holidays.

To get to the point:
So my idea is that the exchanges could work like banks. No necessarily the fractional reserve loan aspect of banking, but just the virtual check / electronic money system. BItcoin on a wallet could be like cash. The exchanges would operate like banks do, where sending Bitcoins from one exchange to another wouldn't actually create a transaction. If an imbalance occurs, then the exchanges could do a real Bitcoin transaction to balance their accounts. Or there could be a federal reserve of BItcoin that manages everything, and exchanges would pay a small fee to be a part of the federal reserve Bitcoin exchange network.

Life is really simple, but we insist on making it complicated. -
Confucius

Hey, I am 15 year old and wondering if i can have signature campaign as job, imo yes, because i completed 2 signature campaigns (mobilego and zrcoin) and i got 808 mobilegocoins which is worth about 800 euros, and 54 zrcoins which was worth about 50 euro. What do you think?

Sorry if my english is bad, It is not my language. Sometimes I might mean things other than I wrote

Both users and miners are interdependent. Relation between both is similar to one between shopkeeper and customers. If you say, miners require users because of bla bla bla, don't forget not everyone could setup and running mining in his house. If there are no miners, all users will left with unmovable BTC tokens in their wallet which eventually loose their value.