Bitcoin Forum
June 25, 2024, 08:53:12 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  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 ... 119 »
661  Bitcoin / Bitcoin Discussion / Re: Good news ... Arizona Senate Passes Bill To Allow Tax Payments In Bitcoin on: February 12, 2018, 03:44:13 AM
they have no clue
'a payment gateway, such as Bitcoin, Litecoin or any other cryptocurrency recognized by the department, using electronic peer-to-peer systems'

...
a payment gateway lol.
crypto's are not a payment gateway
crypto's are a currency.. a gateway is a business/exchange that handles and converts the currency to a countries legal tender

the wording alone of the quote makes me feel the bill wont hold much weight, as it doesnt make sense in reality.

To an outsider's mind, its because what they usually do is wire fiat to an exchange, buy some BTC or an altcoin, use it, then send them back to the exchange and trade them back for fiat again. Their main currency will always be fiat.

In some ways its a gateway because ultimately, its only a public ledger.
662  Alternate cryptocurrencies / Speculation (Altcoins) / Re: IOTA not able to handle IoT? Issues don't end... on: February 12, 2018, 03:35:48 AM
There is another report about IOTA not being able to keep it's promises:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b

A few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements

As I hold quite a lot Iota, such news always scare me.
Ok I bought very cheap, so I'm not really scared.
Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied?
Reasonable replies and sources preferred!



That guy was using programs he wasn't proficient in (stated in the article), made extra steps for himself and made the very dumb assumption that usability (for him mind you) transalated into IOTA being unworkable for the IOT.

The fact is that small devices wont be running nodes, or even wallets, so the assumption doesn't fit how the IOT actually works. The guy is either incompetent or disingenuous, but not suprising all the IOTA haters are quick to be oblivious to obvious when it helps them attack their fear--that IOTA will be succesful and make most blockchains obsolete. But what's great is that none of this matters, because the IOTA Founders were smart enough to take IOTA's future out of the hands of the crypto cartel with their mindless cadres of pseudo news sources and forum fanatics--do you think Bosch or Fujitsu give a shit that the average moron can't run a node? It's absurd to think corporations are going to listen to self glossed experts when their own developers have shown that IOTA works as intended.

Also, it's odd that he didn't wait for the new wallets if he was intent on getting a wallet working--though he probably still would have opted for needless steps if given the opportunity. Enjoy this P2P minded shitcoin fest while you can, because the new wallets will be user friendly and idiot proof. BTW, anyone who hasn't figured out the difference between P2P and M2M will still understand 100ctps and free.


The guy is no newb to cryptocurrencies. He has been around since 2011 and worked as a backend engineer in Kraken. The review, I think, justifies itself in terms where usability is concerned. There were already many bad IOTA reviews before that.

With that said, Im still excited in tangle technology. Burst will use tangle as an off-chain layer on top of their blockchain.

Anyhow, if you want to do something thats cutting edge, its better to do it off-chain and leave the blockchain "pure". You can read more about "colored off-chain tangles" in the Dymaxion whitepaper.

Somehow I managed to download the current version and have it running in a few minutes--so either he's being disingenuous or he doesn't know what he's doing. Read Paul's response below the article to understand why, even if you are building from binaries (and for whatever reason decide to run a full node the first time you set-up a wallet...weird), his attempt looks like an attempt to fail. Personally, I think it was a hatchet job, but it may be incompetence--depends if you want to argue for his capabilities or his integrity. The very fact that he'd be willing to sully his rep on IOTA is telling--Streisand or Dunning Kruger[?], there is an effect. There's also the little detail that he could have waited for the new wallets, if he was intent on getting the most user friendly experience--it's well known that Trinity is being released soon and it will address usability concerns. My guess is he wanted to troll IOTA before that happened, which isn't surprising given the recent uptick to FUD as Trinity gets closer to release.

TBTB have an interest in attacking IOTA before usability concerns are diminished due to having a fool-proof wallet. I saw the same FUD when Monero's main criticism was, "NO GUI!?!" Anyone who sat through Monero or Ethereum's FUD shows will see the similarities. It's weird that a decentralized system can have such uniform responses to threats, but sooner or later those threats, given specialization and sheer numbers, will drain any mass that is only maintained by network effects. If lightening network happened two years ago, BTC might have stopped the bleeding, or at the very least they should have concentrated on fungibility and traits that made it an actual digital cash--you know, live up to soapbox. The new mantra of, "Digital Gold" and "Store-of-Wealth," will be seen as a technology in its death throws as more efficient and specialized systems feed on its carcass, but who knows, maybe it gets to 100k and has its dominance cut to <30%. I mean that is the long term trend.

Not that any of this excuses the dumb equivocation that P2P user experience determines IOT suitability--or do we assume that processes can't be automated or that IOT developers won't know the network they are using? If that's the case, all crypto is dead as programmers have become too stupid to actually do their jobs or learn new systems--maybe that's the new argument, that we've hit an event horizon and stopped at BTC's apex and no new systems can be learned or automated. Funny that that line of Legacy Logic hasn't worked for the banking industry.


In fairness he did do the other reviews with some objectivity, and I have heard some BTC developers like Peter Todd have also expressed dislike on how the IOTA developers have tried to hide some things to the public. I didnt get into the details but it was said that IOTA is centralized.

Anyhow, I read your post history and you are close with the Monero developers. Ask them about IOTA.

I suppose Riccardo Spagni would also disapprove in some things about IOTA. If tangles and dags are to be used and tested, its better to do it off-chain like what Burst is attempting and keep the base blockchain "pure".
663  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burstcoin | Efficient HDD Mining | New Version 1.3.6 | Assets | CFs on: February 12, 2018, 03:26:41 AM
Hello miners. I want to ask which mining pools do you use? There are mining pools out there that dont support the hard fork to Dymaxion as mentioned in /r/burstcoin.

Im banned there for spamming lol, but you can join the discussion here

Tell Pilotman, the mod who banned me, I said hi lol.

Quick check for and... Yes, my pool supports Dymaxion. I am using 0-100 cryptoguru because I am small miner with less than 20TB.

Good, I hope the others who are not in a pro-Dymaxion pool transfer right away. We need Burst to move forward.

Its also in your interest as miners for the Dymaxion to be activated. Think of the quicker ROI you will have if Burst is trading on $1.00.
664  Alternate cryptocurrencies / Altcoin Discussion / Re: A case for Burst's Proof Of Capacity [The environment is dying in South Africa] on: February 11, 2018, 04:44:23 AM
It appears that the Chinese mining companies have started moving their interests to Canada. What now? Is that where they start polluting another country with their wasteful use of energy? I have been rallying for Proof of Capacity in the forum for months, but its always been ignored.

Its time to open your eyes people. PoW is not sustainable.

China's unwanted bitcoin miners may move to Canada

665  Economy / Economics / Re: The impact of futures trading on commodities and my worry for BTC on: February 11, 2018, 04:37:26 AM
Nah you shouldn't be worried because ultimately they will still have to use BTC price point for entry and that can't be drastically reduced because they want it. Sure the price and those funds will be in the news more and that could effect price heavier than the average person can but doesn't change the fact they don't make the rules. The laws of supply and demand do and knowing the demand is way higher than supply should have you feeling okay. I am looking forward to it in fact and think the price rise will coincide with the funds coming along with bitcoin finally.

Revisiting this topic after 3 months, we can now have a good view of what has happened and whats happening. The futures market turned out to be not so good after all. Traditional investors have been short selling the futures market and been making their media minions spread FUD at the same time.

To make money, Wall Street now has to manipulate the market from now on.
666  Alternate cryptocurrencies / Speculation (Altcoins) / Re: IOTA not able to handle IoT? Issues don't end... on: February 11, 2018, 04:01:56 AM
There is another report about IOTA not being able to keep it's promises:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b

A few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements

As I hold quite a lot Iota, such news always scare me.
Ok I bought very cheap, so I'm not really scared.
Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied?
Reasonable replies and sources preferred!



That guy was using programs he wasn't proficient in (stated in the article), made extra steps for himself and made the very dumb assumption that usability (for him mind you) transalated into IOTA being unworkable for the IOT.

The fact is that small devices wont be running nodes, or even wallets, so the assumption doesn't fit how the IOT actually works. The guy is either incompetent or disingenuous, but not suprising all the IOTA haters are quick to be oblivious to obvious when it helps them attack their fear--that IOTA will be succesful and make most blockchains obsolete. But what's great is that none of this matters, because the IOTA Founders were smart enough to take IOTA's future out of the hands of the crypto cartel with their mindless cadres of pseudo news sources and forum fanatics--do you think Bosch or Fujitsu give a shit that the average moron can't run a node? It's absurd to think corporations are going to listen to self glossed experts when their own developers have shown that IOTA works as intended.

Also, it's odd that he didn't wait for the new wallets if he was intent on getting a wallet working--though he probably still would have opted for needless steps if given the opportunity. Enjoy this P2P minded shitcoin fest while you can, because the new wallets will be user friendly and idiot proof. BTW, anyone who hasn't figured out the difference between P2P and M2M will still understand 100ctps and free.


The guy is no newb to cryptocurrencies. He has been around since 2011 and worked as a backend engineer in Kraken. The review, I think, justifies itself in terms where usability is concerned. There were already many bad IOTA reviews before that.

With that said, Im still excited in tangle technology. Burst will use tangle as an off-chain layer on top of their blockchain.

Anyhow, if you want to do something thats cutting edge, its better to do it off-chain and leave the blockchain "pure". You can read more about "colored off-chain tangles" in the Dymaxion whitepaper.
667  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burstcoin | Efficient HDD Mining | New Version 1.3.6 | Assets | CFs on: February 11, 2018, 03:44:49 AM
Hello miners. I want to ask which mining pools do you use? There are mining pools out there that dont support the hard fork to Dymaxion as mentioned in /r/burstcoin.

Im banned there for spamming lol, but you can join the discussion here

Tell Pilotman, the mod who banned me, I said hi lol.
668  Economy / Service Announcements / Re: Blog reviewing Bitcoin Hardware Wallets in-depth (no ads or affiliate links) on: February 11, 2018, 03:29:29 AM
Thank you pinkflower, more reviews coming soon indeed. Appreciate the support.

What I meant was making other BTC related reviews other than hardware wallets. Maybe make reviews on your experiences on exchanges or other altcoins.

Anyhow, have you read the review on IOTA? Something like that would be good.

Read this. IOTA: Cannot be used for IoT. Loss of funds may occur.
669  Economy / Service Announcements / Re: Blog reviewing Bitcoin Hardware Wallets in-depth (no ads or affiliate links) on: February 10, 2018, 03:26:55 AM
Thanks for making an informative site. I will keep bumping this thread as I see more reviews posted. I like what I am seeing so far. Keep it up!

Maybe you should also think of making other reviews as your audience grows.
670  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: February 10, 2018, 03:14:53 AM
Hello my fellow Bursters, this is an old thread controlled by the former developers. This is the thread where we should be discussing Burst topics. [ANN][BURST] Burstcoin | Efficient HDD Mining | New Version 1.3.6 | Assets | CFs

This thread should be locked.
671  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burstcoin | Efficient HDD Mining | New Version 1.3.6 | Assets | CFs on: February 10, 2018, 03:11:38 AM
Are there any plans for mass usability of BURST? Or that is just coin for coin - mine sell, speak good tech talks and its all?

The idea behind burst is for it to serve as a global method of payment. This is what the Dymaxion aims to do. Once all of the tech is in place, I am sure the marketing will start.

Read the Dymaxion whitepaper to get the bigger picture. BURST can easily climb to 1-2 USD per coin in 2018.

Currently we pay 1 BURST per transaction. Is Dymaxion going to change that? Because if not, we supposed to pay 1-2 USD per tx, as you forecasting? Cheesy

Before the Dymaxion's release, the PoC Consortium will make upgrades to fix the fee issue. We will soon have dynamic fees like what we already have in BTC. Other upgrades include PoC2 which is described in the whitepaper and dynamic nodes, also described in the whitepaper.
 
672  Economy / Speculation / Re: How low will this bear trend go? on: February 10, 2018, 02:52:11 AM
I also disagree that prices would have surged higher. Why would they do that at their expense. Once they see that they cant make money in the market when its going up, they would start planning to make money by it going down and its what they exactly did.

Then you are not disagreeing with me

You are disagreeing with your own point. I said that they wouldn't pump Bitcoin beyond December highs so that folks who had bought at those highs or close to them wouldn't be able to profit at the expense of Wall Street. Then you said that I must have been kidding if I hadn't expected these dudes to "enter the market when BTC went to its all time high". Now you start to repeat my own words, basically ditching your own position. Obviously, that won't work out and I won't let you get away with that either. So you wanted to talk about who was kidding? You have the opportunity, go ahead

No I disagreed with you when you said that you didnt think the Wall Street pigs didnt have any involvement in the surge of BTC to all time highs. Of course they did, they always do. But I agree with you that they also have a hand in making things crash. Look at the Dow Jones. They make money when its going up and also when its going down lol.

And where exactly did I say that?

All I said that they might have had the hand in the current "fallout" and that they definitely weren't pumping Bitcoin at its December highs. Otherwise, the price would be a lot higher.

Yeah I agree that they have had direct involvement in the "current fallout". They must be having fun shorting the BTC futures market now while suppressing the price at the same time.

The part I disagreed with is the when you said they werent pumping BTC going to the all time highs. Im not saying you are wrong, Im saying that its possible that Wall Street were the people responsible of the December highs.

You know they are capable.
673  Bitcoin / Bitcoin Discussion / Re: Wall street will turn ETHER? on: February 10, 2018, 02:39:32 AM
If  Wall Street knew how insecure Ethereum is and how its easy to make mistakes running smart contracts in it, they will drop it like dog shit. Remember the DAO or the Parity "bug"? Yeah, the developers assured everyone they were safe. One was hacked forcing Vitalik Buterin to change the transactions and the other one was incompetency.

Things will improve, I believe. With the cash injection into eth, and a determination of the team behind Ethereum, I believe, the security issues will be sorted. Besides, literally more than a half of the cryptomarket runs on Ethereum - it's not that bad.

Thats not what I heard. The developers over there were considered as either incompetent or what could be described as fraudulent. They know that Ethereum will not work as promised, but none of the competent developers are honest enough to say anything. Thats fraud.
674  Economy / Services / Re: GRAFT - Credit Card and Crypto Payment Processing Network | Signature & Avatar Campaign | [CFNP] on: February 10, 2018, 02:33:15 AM
Hi Edwardard. Im leaving the campaign. I will be waiting for the last payments. We know the delays are not your fault. Ty.
675  Economy / Exchanges / Re: [CEX.IO] Keeping your money/bitcoin hostage since whenever. on: February 09, 2018, 02:54:42 AM
Been seeing CEX complaints over and over now. I think this is time to worry and to start advising everyone to stay clear from that exchange. Being a small exchange that never made it to becoming one of the top exchanges, theres a possibility that they might be having financial problems.

I expect them to close down soon. But CEX is not a scam. They might pay all of you, but it will take some time.
676  Bitcoin / Bitcoin Discussion / Re: Wall street will turn ETHER? on: February 09, 2018, 02:36:58 AM
If  Wall Street knew how insecure Ethereum is and how its easy to make mistakes running smart contracts in it, they will drop it like dog shit. Remember the DAO or the Parity "bug"? Yeah, the developers assured everyone they were safe. One was hacked forcing Vitalik Buterin to change the transactions and the other one was incompetency.
677  Economy / Marketplace / Re: Open Bazaar vendor reviews and recommendations/ads on: February 09, 2018, 02:29:56 AM
So no Open Bazaar users or vendors here in the forum? Everyone should try it, its accepting BTC, BCH and Zcash, plus more altcoins to come.

Its the future of the market place for cryptocurrencies.
678  Economy / Speculation / Re: How low will this bear trend go? on: February 09, 2018, 02:23:08 AM
I also disagree that prices would have surged higher. Why would they do that at their expense. Once they see that they cant make money in the market when its going up, they would start planning to make money by it going down and its what they exactly did.

Then you are not disagreeing with me

You are disagreeing with your own point. I said that they wouldn't pump Bitcoin beyond December highs so that folks who had bought at those highs or close to them wouldn't be able to profit at the expense of Wall Street. Then you said that I must have been kidding if I hadn't expected these dudes to "enter the market when BTC went to its all time high". Now you start to repeat my own words, basically ditching your own position. Obviously, that won't work out and I won't let you get away with that either. So you wanted to talk about who was kidding? You have the opportunity, go ahead

No I disagreed with you when you said that you didnt think the Wall Street pigs didnt have any involvement in the surge of BTC to all time highs. Of course they did, they always do. But I agree with you that they also have a hand in making things crash. Look at the Dow Jones. They make money when its going up and also when its going down lol.

From our past debates, I know we are on the same plane. But with small differences in opinion.
679  Economy / Services / Re: ★★★ [OPEN] NITROGENSPORTS.EU Signature Campaign ★★★ on: February 08, 2018, 04:55:57 AM
Username : pinkflower
Current Rank: Sr. Member
Current Post Count: 1718
Bitcoin address (SegWit only): 3D97a9T4BzRuPmAar7HubEDSQ3Ew3XdYVX
Want to avail for avatar bonus?: Yes

I will change personal message, signature and avatar right away if accepted. Ty.
680  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Announcing the PoC Consortium Stage 2: The Burst Dymaxion on: February 08, 2018, 02:53:50 AM
Try using Linode. I havent tried it myself but the price is very cheap. I saw someone recommending it on /r/burstcoin and he says its good enough for the price offered, but he also said getting a 2GB of ram plan for $10 a month is the better deal than 1GB for $5.



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 ... 119 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!