Bitcoin Forum
June 30, 2024, 05:15:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 [348] 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 ... 471 »
6941  Other / Beginners & Help / Re: bitcoin web wallet like myetherwallet ? on: July 08, 2018, 01:22:56 AM
Meta mask and mew are really very nice initiatives for the ethereum blockchain.

I don't think they would fit so well for bitcoin, as btc don't have all those smartcontracts and dapps yet.

Be careful as new is not that safe.
It's a web wallet which you expose your keys all the time..

Metamask and MEW are so popular not because of smartcontracts and dapps, but because it's insanely hard to use any sort of desktop wallets for Ethereum - the blockchain is bloated and even pruned mode doesn't help much, because the syncing is painfully slow and consumes a ton of RAM and CPU time. So, ETH users don't really have much of a choice and have to use this type of clients.

I'm sure there's plenty of Bitcoin wallets in a form of browser extensions or html pages, but people don't use them because there are much better options like good old Bitcoin Core or very popular Electrum.
6942  Bitcoin / Press / Re: [2018-06-07] Bitcoin Hype ‘Has Barely Even Begun,’ Says Blockbid COO on: July 08, 2018, 12:05:32 AM
I don't see much hype around Bitcoin -- the shitshow is focusing on everything else. Most of the empty headed gamblers even tend to avoid Bitcoin because it's boring and not rewarding enough. On the other hand, that could be a positive thing if the whole shitshow comes to an end. If coin x is deemed useless and no longer profitable, capital moves to the next coin, and if Bitcoin is one of the few solid coins left, the pool of available options will be scarce and Bitcoin will directly benefit from that. I have significantly decreased my interest in the speculative side of the market and started to focus on the currency aspect, because Bitcoin is money, not a speculative toy....

To me it looks like there's not that much actual money invested in all those coins and tokens with huge marketcaps, simply because these markets mimic every movement of Bitcoin and because their marketcaps are hugely inflated by having tons of premined coins. So, if all the money from alts would be moved to Bitcoin, the total crypto market cap would be way lower than it is now. Also, for the smaller coins there's even no fiat markets, so there's no way to move the value from them into Bitcoin directly.

Also, I like to think about this market is yet another test for Bitcoin - it's constantly attacked by hundreds of coins that claim to be number one, so when this altcoin bubble will burst, people will realize that Bitcoin was objectively the best coin all along and this should deter them from throwing their money at everything new and flashy.
6943  Bitcoin / Development & Technical Discussion / Re: How bad (or good) my privacy is if I run a SPV wallet? on: July 07, 2018, 10:05:48 PM

Just use Bitcoin Core as a wallet too, but in a separate airgapped safe computer. In an online computer, you run the full Bitcoin Core node, here you have watch-only addresses to see actually how much money you have and keep track of finances. In an airgapped computer, you run Bitcoin Core node offline, and store the keys there for offline raw transaction signing. This is the best possible scenario that I can think. Electrum's seed thing is unsafe due possible key derivation schemes and having your wallet.dat safe is a better alternative unless someone can prove me wrong.

Electrum is by no means "unsafe" in the strict cryptographic meaning of this word, if it was, there would be tons of warnings by experts, like it happened when the last vulnerability was found. If I understand you correctly, you are referring to the vulnerability that requires the knowledge of both master public key and any of the individual private keys. To obtain those keys, attacker would need to either break into the system or use some social engineering to convince the victim to give those keys up, which essentially would mean that any crypto system would be defeated, because they all rely on total secrecy of crypto keys. Realistically, this vulnerability could only be exploited in some big organization when multiple people need to access the same wallet, and someone decided to just give individual private keys from different addresses, not knowing that when combined with master public key, all other addresses get broken. But if someone uses Electrum as their own private cold storage, there's no huge difference in security between it and Core, and this is why Electrum became so popular - it has very good user interface with good functionality, especially for cold storage.
6944  Bitcoin / Bitcoin Discussion / Re: How does bitcoin affects your emotional and mental aspect of your life? on: July 07, 2018, 08:52:52 PM
I'm holding a huge portion of my savings in Bitcoin and so far it doesn't affect me much. In my first months in Bitcoin I was getting pretty nervous during big price movements, but now I've built tolerance to it - even the crash from the recent ATH didn't shake me, and it doesn't really bother me that I've missed the chance to short it and buy back low.  I have a strong belief that in the coming years Bitcoin will be much higher than it is now, even though I can't tell any specific number like 50k or 200k.
6945  Bitcoin / Bitcoin Discussion / Re: What problems can Bitcoin & Blockchain solve ?? on: July 07, 2018, 07:38:58 PM
Bitcoin was created to solve the problem of trust in electronic payment systems where the party that maintains the ledger has absolute control over it and users are totally dependent on them. Banks and centralized payment systems can print money, freeze and seize accounts, rollback transactions, they know about every spending you've made. Bitcoin has successfully solved all these problems in its first day. This is a pretty remarkable achievement, so even if blockchain tech will fail to become widely adopted, and even if Bitcoin won't replace fiat or become massively adopted, millions of people around the world will still find it useful.
6946  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be more valuable when the altcoin bubble bursts on: July 07, 2018, 11:07:01 AM


It has likely already crashed. Hell, it has crashed as far and deep as crashes can reach. But it doesn't mean that "crypto tech", where bitcoin truly belongs to, is not solving anything. If it weren't, we wouldn't have bitcoin prices of over 6k dollars per coin after almost 10 years of evolution. I agree that you can have a "tulipomania" for some time at certain prices, but definitely not for so long and at such prices. If you come to disagree with this point, you are simply in denial. Exactly one year ago 1 bitcoin cost around $2k, now it costs 3 times as much. Honestly, I don't know how you can have this if "crypto tech" was not solving anything as you claim.

Did you read my whole post? I told that Bitcoin different, because it has qualities that can justify it's value - it has community, it has very professional developers, it has huge PoW and it has achievable goals. We can't know if the current price is mostly speculative or if it is backed by the real use, but it's clear that altcoins are in bubble, it's absurd to have coins and tokens with nothing more than a whitepaper have billions in marketcap, it's absurd to have copypaste forks have any price bigger than zero.
6947  Bitcoin / Press / Re: [2018/07/05]BIS Chief to Crypto Coders: 'Stop Trying to Create Money' on: July 07, 2018, 12:48:45 AM
To some extent I agree that this shitty 'money' creation needs to stop, because it takes away liquidity from the coins with an actual purpose. How shitty is this industry? Plenty of shitty. Now ICO's are being cracked down on by authorities, air drops are the next big thing that is flooring Ethereum's network badly. This pathetic behavior is inflicting more damage than good on this market, and what we are left with are retarded get rich quick fools that are the lowest of the lowest scum. Just browse through YouTube and see for yourself how everything is only focused on gains. I hope for more governmental intervention, but they are too soft....

The market will sort everything out eventually, the hype and speculation can't last forever, cryptocurrencies need to have some fundamental properties that will back their value, otherwise they are just cheap copypaste of earlier coins. And government can't solve this irrational behavior of investors - they can crack down on some obvious scams, but they can't do much against the projects that start with somewhat legit ideas. After all, regulators didn't prevent the dotcom bubble.
6948  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be more valuable when the altcoin bubble bursts on: July 06, 2018, 11:01:11 PM

There are just two ways it could happen though.
1, If someone invents something much better at solving the same problems as crypto tech,



Cryptocurrency market will crash because "crypto tech" is not solving anything - most altcoins and tokens are just vaporware and scams, those that have working networks are miles away from delivering on their promises, which they won't do, because they are unrealistic and developers are not competent enough. Bitcoin is different because it actually has developers who believe in the project and have the skills to keep on improving the protocol year after year. The market will crash when the speculative period will be over, because big investors won't see any fundamentals that can lead to success, only empty promises and hype.
6949  Economy / Economics / Re: Pumping and Dumping on: July 06, 2018, 09:51:44 PM
I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Do you think that governments will crack on those groups?

Do you think that the people in those groups know that they're hurting the cause more than anything?

1. The government's will likely not care, there's not much regulations for cryptocurrencies and there's so much scams in the world in general that it's probably impossible to effectively crack down on it, especially at this age when people do it over the Internet from any country in the world and can create as much fake profiles as they want. It only makes sense to try to catch only the biggest offenders and educate people about scams.

2. Those groups aren't created to benefit participants, they are created to scam them. And the people behind them only care about their own pocket. But you shouldn't worry too much about the public image of cryptocurrencies, every technology has some downsides and risks, but the legitimate use will always outweigh it.
6950  Other / Beginners & Help / Re: Other uses of blockchain technology? on: July 06, 2018, 09:18:27 PM
From my own understanding , blockchain is used to support cryptocurrencies and verify  transactions made from cryptocurrencies but what are other uses for blockchain technology besides crypto?

It's too early to tell for sure. Thousands of startups and companies tell us that they will use blockchain to solve almost any problem in the world, but so far there's no good working example that show how blockchain is used in some industry. Also, it's not entirely correct to compare different blockchains, because blockchain is very closely tied to its parent network, and there are lots of different project configurations - there are private and public networks, permissioned and permissionless, small network and big networks, hierarchical and peer-to-peer and so on - public and open blockchains like Bitcoin have proved themselves to be working and stable, but the same has not been proven for all those other kinds of experimental blockchains. Bitcoin has already repelled many attacks, time will tell whether other blockchains are resistant to attacks or not.
6951  Economy / Economics / Re: Can Blockchain help eliminate the basic problems in the world? on: July 06, 2018, 01:05:13 AM
Blockchain is not some magic wand that can fix everything, it's just a type of database. Problems like poverty and famine are not cased by databases obviously, they are social problems that need social solutions. Some people believe that blockchain can curb corruption, but it hasn't been tested yet, and it also seems unlikely, because there are many examples of technological attempts to solve corruption fail, because corrupt individuals often find ways to circumvent them.
6952  Bitcoin / Press / Re: [2018/07/05]BIS Chief to Crypto Coders: 'Stop Trying to Create Money' on: July 06, 2018, 12:57:47 AM
Isn't this the same guy who recently told that Bitcoin will kill the Internet? Nothing shocking here, some bankers are really scared and frustrated seeing people creating their own money, and they were also taught that money is the creation of banks, totally ignoring thousands of years of history. Ironically, their public display of fear and anger might only make cryptocurrency stronger, because it means that cryptocurrencies are working as intended - disrupting the banks.
6953  Bitcoin / Press / Re: [2018-07-05] Bitcoin’s Next Big Battle: Restoring its Reputation on: July 05, 2018, 11:09:01 PM
I think only people who are very unfamiliar with Bitcoin or those who are extremely prejudiced are viewing Bitcoin as money for illegal trades. This is because those who are at least a bit familiar with Bitcoin got their information from some videos, articles or from their friends, and so far I haven't seen any media that describe Bitcoin as criminal money, it's more common to hear that it's a bubble and fad. So, there's no big need to save Bitcoin's reputation, it will all get fixed by itself eventually when the technology and the market will get more mature.
6954  Bitcoin / Press / Re: [2018/07/04]Head of Russia’s Top Bank: the State Will Keep ‘Centralized Role’. . on: July 05, 2018, 08:34:55 PM
it would be fascinating to see a full crypto society but you'd also have to get rid of governments and countries before it became possible, and governments and countries will always control and issue their own money. since in many places 50% or more of the population is employed or supported by government money that means it's not going away.  

i reckon people who believe fiat will be wiped out are as idealistic/deluded as those who think a pure libertarian society would be a great idea. coexistence is the most likely and most bearable option.

a crypto that was more realistic in economic terms such as a steady emission rather than hard cap might be a different matter.

I think the popularity of libertarian ideas is a good indicator of how adopted cryptocurrencies will be - at the current moment it would be just a few percents. A lot of crypto enthusiasts keep comparing cryptocurrencies and blockchain to the Internet, automobile, lightbulb and other great inventions, but the problem with this comparison is that cryptocurrencies aren't making any great breakthrough, at the current state their user experience is much worse than banks for an average user, and if cryptocurrencies will solve all their problems, they still don't offer anything that could attract the masses - people don't care about centralization and freedom, they just gonna use whatever is the most cheap and convenient.
6955  Economy / Economics / Re: The money started coming back to the cryptocurrency market on: July 05, 2018, 06:24:02 PM
Bitcoin, as always, is driving this market up an down, altcoins are mostly traded against it, so when it jumps $10 and alts don't change in their BTC price, they are also jumping 10% in USD, so the whole market moves. The same happens when the market goes down, perhaps even harder, because traders usually sell alts to then sell BTC, as there's often no way to sell alts for fiat. So, it's not surprising to see large changes in the whole marketcap, but this doesn't mean that investead money are spread among all coins.
6956  Economy / Speculation / Re: Bitcoin price is falling. So what? on: July 05, 2018, 12:25:19 AM
The last rally was so long and so big that a huge portion of Bitcoin users consists of people who entered at that time - they have no experience of hodling during bear market, witnessing 70% decline from ATH and hodling at a loss. It's natural that they are worried, even if they know well that similar trends  happened in the past and Bitcoin successfully recovered and reached new highs - it's just not the same as experiencing that process yourself.
6957  Bitcoin / Press / Re: [2018-7-4]Crypto Markets Holding Gains, With Bitcoin Above $6,500. . on: July 05, 2018, 12:08:16 AM
I really do not know if this is a good thing or not, I say that because it seems to me that the price is really struggling to exceed $7000 and what I see is a task impossible to realize at the moment.

the leading cryptocurrency continues to hold comfortably above the $6,300 resistance level, which Fundstrat’s Robert Sluymer earlier this week highlighted as crucial for reversing spring’s downtrend.

with so many missed forecasts, it is very difficult to believe these analysts, time will tell if this time they hit this forecast, because we need some increase to give some confidence in people to people do not see bitcoin as something that just falls and falls.



It doesn't really matter what's happening with the price now, there can be many scenarios, but in the long run they will lead to the same result - Bitcoin will go up again, unless something big and unexpected happens  (which is very unlikely).

As for predictions, a lot of them are probably just shilling, so I wouldn't pay much attention to them. And a lot of people don't think that Bitcoin is going to crash to the ground, they just want to be sure they are buying at the bottom or after the bottom, and for now it's too early to say that we have seen it or passed it.
6958  Bitcoin / Press / Re: [2018/07/02]Over 1,000 ICOs Have Failed in 2018, New Report Claims on: July 04, 2018, 09:40:36 PM

These cycle cant really be stopped if investors do continue do fill out their bags with their money and repeat the process all over again.Nothing to be surprised of that most of projects in the market do have an unrealistic goals or plans.Some might be achievable but would really require too much work or funding and most of them do still fail even on the early phase. This is why its important to see on how dedicated the team behind on the project you are investing and whitepaper or roadmap should really be realistic.

I believe the huge percentage of ICO funds come from the scammers themselves who put their own ETH into contracts to create an illusion of confidence and induce FOMO in potential victims. So, the actual amount of coins invested in ICO's might be going down, despite the seeming popularity of ICO's, but it's still way higher than it should be, people should be treatening all ICO's as scams, and in cases when they are conducted by some big and established entities, they are still insanely high risk investments, because there's no successful ICO's that have delivered a full working product.
6959  Bitcoin / Bitcoin Discussion / Re: What would happen if Satoshi came back suddenly on: July 04, 2018, 07:46:49 PM
Your questions are impossible to answer without any additional assumptions - if he will just say something generic like "Hi, I'm back", then we don't know what will he say regarding the current Bitcoin protocol, developers, community, rival forks, etc. What I think is most likely happen immediately is the market panic, BTC will probably drop 2-5% percent as speculators will be scared that the biggest rumored whale might sell his coins. If Satoshi will be positive regarding Bitcoin, it might experience a small boost, if he will be critical, the price will somewhat drop, but I'm sure it won't crash too much, as a lot of people now have their own opinions regarding cryptocurrency protocols. If Satoshi would stand against Bcash, it will crash to the ground, because it is based on the premise that its the "original Satoshi's vision" and that Craig Wright is Satoshi.
6960  Bitcoin / Press / Re: [2018-07-03] ‘Miners Are Miners Again’: Bitcoin Core Dev Launches Alternative on: July 04, 2018, 12:07:04 AM
For honest miners who have invested a lot of resources in their operations and are viewing Bitcoin as a long-term business, it should make a lot of sense to use pools like these that are guaranteed to not be used against Bitcoin. But if established miners offer better fees or other advantages that translate directly into profits, than it shouldn't be surprising that most miners will choose them, because the nature of this business is very marginal. And lets not forget that Bitmain can use their influence to force miners into using their pools.
Pages: « 1 ... 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 [348] 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 ... 471 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!