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6901  Other / Meta / Re: Why my messages keeps getting deleted on: March 13, 2018, 10:49:13 PM
Your posts have been surely considered insubstantial/useless, or "shit posting" if you prefer. Be happy because if it was some time ago some members would have added some swag to your profile, making it useless for what you're doing in the forum (mostly only for airdrops et al)

I dont post "Hi" "Or joined airdrop"

Well... LOL?

Hey, i have joined twitter and telegram.
Good luck!
6902  Other / Beginners & Help / Infographic: Proof Of Work VS Proof of Stake (An Overview for Beginners) on: March 13, 2018, 07:50:11 PM
I created this simple infographic good for beginners to give a quick overview of Proof of Work VS Proof of Stake. I didn't go deep to explain as it doesn't fit an infographic because there is a lot to say about it, too much for an image.
I am still in training mode with infographic so excuse me for the swag missing in Grin Feel free to give your opinion about it good or bad, bad is also good to consider (: )



Not enough for you? Here is a more deep explanation

Quote
What is Mining?

Without going into too many details, we need consensus because anyone can create a block; while we only want an unique chain, so we want a way to decide which block we should trust.

Mining is a process of validating a transaction or block in a network by the process of complex algorithms to prove and validate the correctness of the transaction and thereby add the new block to the chain. You would have heard this term “mining” and “miners” more in bitcoin than altcoins. What does it take to be a miner and do mining?

You need to have high power processor based computers running continuously with the complex mining algorithms.

When a transaction happens in the respective coin’s network(let us say in bitcoin network here for easy understanding), more the computing power and more the computers you have, you may get to validate the transaction faster than other miners in the network and hence may earn a fraction of a bitcoin as a reward.

Anybody who can have the above mentioned hardware and setup, can be miner

There are some alt coins which follow a different consensus process and/or algorithms that is not through the process of “mining” and hence they will be referred as “Not Mineable” coins

Proof of Work(PoW):

Proof of Work (PoW) as the name states is the validation of the work that happened and proving it is correct. Bitcoin and many alt coins follow this way of consensus to make sure the authenticity of the chain is good.

To understand how it works in simple terms, assume that you are in a math exam along with other students in a classroom. The student who can, not only come up with the correct answer but also can come up with the complete proof (steps in math terms) of arriving at the correct answer first gets the reward. As we know this needs the student with lot of brain power which naturally consumes a lot of energy from the body.

Now mapping it to the cryptocurrency world, “math exam” refers to the “transaction”, the “classroom” refers to the “world”, “Student” refers to the “computing hardware/computer” that runs the complex algorithms, “brain power” refers to the “computing power” and the “lot of energy” refers to the “lot of electric power”. I hope it is easier now to understand.

As every concept or approach may have its own benefits and downside, PoW has its own downside as below

· Requires more electric power which in turn costs the miner
· High computing power hardware which is expensive(not if you are a millionaire Smiley )
· Possibility of miners moving their hardware to mine a different coin if the reward is better there(loyalty)
· With more and more coins(like more count of bitcoins) getting released, miner’s reward would come down as the coin becomes scarce to mine

Proof of Stake(PoS):

Proof of Stake (PoS) is an alternate way of verifying and validating the transaction or block. This will pick the Validator (Equivalent of “miner” in the PoW) by the amount of stake(coins) a validator has and the respective age of the stake. If you have 100,000 alt coins (let us say Nxt coin which use PoS) in a wallet, it will have an age attached to it on how long you have it. Here the 100,000 Nxt coins is the stake. If you move your coins from one address (or wallet) to another the aging gets reset. This amount is like the security deposit which means the Validator holds a significant stake in Nxt coin with good aging is more committed and combined with many other factors, will get a higher chance to validate a block. This allows building a trusted and distributed network with loyal Validators (high stake of coins). The Validators earns the part or whole of the transaction fee. In PoS, it is not “mining” but “forging” which is done by the Validator who will process and forge a block to the chain.

This eliminates the below challenges from PoW and believed to have an advantage

· No need of expensive hardware(a normal laptop or computer running the respective coin’s Validator client will do as long as your laptop or computer is online)
· Energy efficient as it won’t consume high electricity as PoW does
· More loyal Validators …As higher the stake the Validators have for a long time, more chances for the Validator to be picked up for “forging” and earn the transaction fee
· Faster validations

In PoS, each validator owns some stake in the network, Ether in the case of Ethereum, that they bond. Bonding stake means you deposit some money into the network, and in some sense use it as a collateral to vouch for a block. In PoW you know a chain is valid because lots of work is behind it, while in PoS you trust the chain with the highest collateral.

There are much more differences between the various Proof of Stake algorithms that are being developed but I am limiting to what I said so far just to provide a higher level of differnces.

There are currently issues with PoS as well, such as a small group of people owning a majority of tokens/coins will be the Validators but it is still evolving and eventually more solid and robust will be out there at some point in time.

Ethereum is also moving towards PoS with its new “Casper” protocol and you can read more about it in the below link
https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-casper/
https://medium.com/@karthik.seshu/cryptocurrency-proof-of-work-vs-proof-of-stake-e1eee1420b10
6903  Economy / Service Discussion / Re: Developing a web page to show BTC in major exchange. Any Widget? on: March 13, 2018, 02:41:10 PM
Do you mean a widget that shows the BTC price? You could do your own by using each exchange API, or just use a working one like the one from Coindesk[1], Cryptocompare[2] or Cryptonator[3].

[1] https://www.coindesk.com/price/bitcoin-price-ticker-widget/
[2] https://www.cryptocompare.com/dev/widget/wizard/
[3] https://www.cryptonator.com/widget

I think he wants to say the Bitcoin price from different exchanges, similar to the "market" page displayed on coinmarketcap. It would be better in his situation to create his own.
Cryptocompare has nice widgets the only thing is the brand logo displayed ("powered by...) A good way to give your visitors to someone else
6904  Economy / Exchanges / Re: Is Poloniex trustworthy? on: March 13, 2018, 12:40:22 AM
There are several exchangers, where you can trade/exchange your altcoins without need to provide ID verification for example Bitfinex, Cryptopia, Livecoin and Shapeshift.

It's unacceptable that you even dare to mention Cryptopia as an option for people to make use of. If you do a few minutes worth of browsing through some threads here, and on social media, you'll see how many people aren't able to withdraw anything, and this has been going on for months now. On top of that, Poloniex has been taken over by Circle, which is backed by wall street banks. The deal was even approved by the SEC, and that alone gives Poloniex far more credibility than 95% of the current exchanges. The only exchange service you stated that is worthwhile and not messing up, is ShapeShift. The rest is either shady or very questionable....

I knew Poloniex was horrible with unacceptable customers supports, but as being acquired by Circle we can imagine a serious spring cleaning is coming soon. As for Cryptopia, I don't know exactly are the problem but I am able to use it without any problem (deposit, trade, withdraw)
6905  Bitcoin / Development & Technical Discussion / Re: Just a quick question on the lightning network on: March 13, 2018, 12:23:50 AM
Thanks guys for the replies.
Love this section, look like the only one safe from senseless posts

@newIndia
I am sorry but though the infographic isn't really explaining what LN is about, thanks for sharing I like reading such content.
But there is no answer to what I was looking for, and it rather briefly explains what is Bitcoin about and its popularity
6906  Other / Serious discussion / Anyone using Medium here? on: March 13, 2018, 12:13:18 AM
What's so special about this platform?
It seems popular in the world of cryptos, I think I've never seen anything else anyway.

Beside the fact, readers are reading on a clean interface without annoying ads, etc. then what? Is it just a matter to get a "Like" button (clap)?
6907  Bitcoin / Bitcoin Discussion / Bitcoin Microchip wallets and Implants😱😱😱 on: March 11, 2018, 10:23:21 PM

If you'are a fan of cold storage here is a new alternative to store your Bitcoin. I still wonder if it's just for joking or if it's serious



This kit contains everything you need to implant your NFC microchip, this can be done by a medical or piercing/biohacking professional



 implant chips can be set up to interact with:

Mobile Phone
Laptop
Front door/Backdoor
Car/Motorbike
Bitcoin Wallet
Push phone number(Vcard)
Push URL

would you inject it under your skin, do you think it's the mark of the beast
6908  Economy / Service Discussion / Re: what (prepaid/credit/virtual) card are allowed to be linked to paypal on: March 11, 2018, 08:46:08 PM
It usually depends on the country you're located in (the PayPal account precisely) and the country of the issued card (and sometimes on the possible verification process from the wallet). Paypal rules about this vary from country to country, and people usually don't know this, since they don't read the Paypal T&C. It's the same thing when it's about VCC
6909  Bitcoin / Development & Technical Discussion / Just a quick question on the lightning network on: March 11, 2018, 08:30:16 PM
After reading a blog post I am confused and wonder if I haven't read a wrong information. There is no limit on how many transactions it can handle, am I correct?

 And is it right?

Quote
The only way to attack someone is to actually broadcast some old channel-state which is unfavourable for the attacked individual. This is perfectly possible but if that happens, the Multisigs and time-locks are set in a way that such transaction can be preferably spent by the attacked person before the time-lock elapses and thus moving every single satoshi into one's own wallet so that the attacker will lose all his money inside that channel
6910  Other / Beginners & Help / Re: Trying to get referrals, how do you do it? on: March 11, 2018, 12:24:41 AM
This website is overused now, I mean too much popular, every satoshi hunters know this site already. I am even surprised you managed to get 2 refs from this forum. My advice is to look outside the Bitcoin world. Perhaps to people looking to earn some extra bucks monthly, you can introduce Bitcoin to them and then funnel this to your site... Blogging and networking have always been the best sources for this.
6911  Other / Meta / Re: Total disorder in the french forum Looking to see something done definitely. on: March 10, 2018, 05:45:42 PM
From what I've read in you explanation, I think your local board need more moderator, or maybe a new one.
Moderator's Job for moving thread to proper section, lock it when so many spam replies, or move it to trash can.
If the thing that happend in your description is all true, that  means the moderator can't do the job well. I don't know the procedure but you should ask for new moderator.

Excuuuuse me, but did you read the whole conversation and understand it? We're not asking how to join the French Chambre syndicale de la haute couture to become a grand couturier
6912  Local / Hors-sujet / Re: -- ELECTION D'UN NOUVEAU MODO -- on: March 10, 2018, 05:30:25 PM
Si vraiment vous voulez plus de modération dans la partie francaise, je vous conseille d'allé posté dans le topic dans la partie anglaise , ici ca ne sert à rien de proposer telle ou telle amélioration,et encore moins de débattre, y'a que vous qui lisez et personne de l 'administration ne peut passer son temps à traduire....
A force de voir des membres se plaindre, en quelques jours le probleme sera réglé. Satisfait ou remboursé!

Y'en a ras les bonbons de lire des posts traduits avec je ne sais quelle merde, (un petit video youtube...la terre qui tourne...) des sections ou c'est completement le bordel, et j'en passe...


6913  Economy / Service Discussion / Re: [LIST] Free EU bank accounts that you can be opened directly online on: March 10, 2018, 03:17:47 PM
Oh, thanks, I didn't know this, I supposed it was in the old time.I don't even know how it works in my own country lol (I am european) Some countries seem to welcome people without any checks

@warningsigns
I came across 1 or 2 banks allowing registration online. I don't remember their name because I gave up looking for it, but I think one of them is the one a member posted above.
As for an address, there is a method in Belgium to get one, but don't know if this is considered as legal
6914  Local / Hors-sujet / Re: Comptes suspendus... TWITTER abuse on: March 10, 2018, 02:54:18 PM
A compter du 22 va y avoir une purge massive sur Twitter, y'en a qui vont pleurer Cheesy
6915  Bitcoin / Bitcoin Discussion / People should boycott the account @bitcoin on Twitter on: March 10, 2018, 02:15:01 PM
It is clear like the water that this account was sold to promote btrash. A true Bitcoin evangelist wouldn't change his mind like that.
The account has been inactive for months and suddenly comes back to denigrate bitcoin. If you really believe in the project, you stay in, no matter what the ups and downs are.

He/She started to post fake information to denigrate Bitcoin, since quite sometime now. With no shame, he will gladly tell you stories that can only be told with acid and has no problem to send you to the wrong road. Posting a fake or manipulated screenshot is not a problem either, he does it from time to time)

Don't listen to what this account is saying. They are also using several accounts for their propaganda (admitted several times).He doesn't represent the Bitcoin's vision in any way.

Bitcoin is maybe not the best (but things improve with time, you don't become a doctor in 3 weeks),
but everyone tries to clone it.
6916  Other / Meta / Re: Total disorder in the french forum Looking to see something done definitely. on: March 10, 2018, 01:35:57 PM
Hi  compatriots

I'm sorry for our community to see that nothing has been done despite the massive reports that have been made from several members. Myself I spent quite some time to report but resulting in zero actions, and no improvements. The only thing is suddenly the moderator logged in after several days.
By opening this topic I thought it was going to change things, but apparently, we're not a priority here. Remember who was saying "France you like it or you leave it". Look like it can also be relevant to the French forum.
You can always participate in the English community to interact with people where things are better respected there

Liberté, égalité, fraternité, la Gaule est la véritable plus grande puissance mondiale. Respect us we are legend Cheesy 🇫🇷
6917  Bitcoin / Development & Technical Discussion / Re: When Will The Lightning Network Technology Be Ready? on: March 09, 2018, 01:32:02 PM
A Beta version is already a huge step, and for Bitcoin, it's like saying "the best disruptive innovation in tech for 2018"
Surely a pain to work on by the way. Idoubt we will see it before this summer...

This said,on February 14 +700 nodes, today +900 nodes Tongue
6918  Other / Meta / Re: Merittalk.org - New Board Request on: March 09, 2018, 01:31:56 AM

I have a high suspicion that a lot of the accounts that are enrolled in the bounties are owned by the same person anyway.

1 person or multiple?

Quote
But so many newbies on this site only arrived here because of bounty campaigns. Newbies and bounty spammers aren't going to stop making threads about it, and either lobbying for changes or fishing for merit in their OPs

Don't worry people will get bored soon enough and both with the lobby will spread the word it doesn't work anymore to cry about. It's like a DNS propagation it can take some time Grin
6919  Other / Meta / Re: Merittalk.org - New Board Request on: March 09, 2018, 12:25:07 AM
Give it some time and most of those posts will be gone to later pages, it's just that merit is still a new thing and, of course, there will be a discussion about it. No need to bother with merging or creating something like a new board, it would die out within a couple of weeks or month.
1 month later...

It will fade away within 3 months, 1 month after is nothing here. Also, you can check what type of members are opening topics about it, it will give you a better idea.
As well, you can see yourself there are topics with over 350 pages and people keep posting in, despite the fact nobody is reading or the topic is not relevant 3 or 4 years later, so don't be surprised
I counted + 35 topics in 48 hours and then stopped to count. I now try to avoid the Merits Meta section
6920  Economy / Scam Accusations / Re: Cryptopia stole our coin on: March 08, 2018, 06:51:15 PM
Look like the one to blame may be your coin and not Cryptopia. They tried to recover the coins but were not able. You can't blame the team for trying to help the users. It's also their own benefit to help people so why should they say we can't recover if they can?
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