Sorry - I didn't have time to read this entire thread, and I suspect the answer to my question is possibly in there. Where's the best place to hold any coins? Should I get the proper bitcoin wallet and let it download the blockchain or is something like jaxx https://jaxx.io ok? I'm just trying to make sure anything is secured come 1st Aug. Cheers Jaxx is not really recommended as It's not fully open sourced. I'd go witth Electrum If I were you, It's with no doubt the best wallet for desktop. You have control over your private keys so make sure you are note doing any transactions during that period (check the forums and Reddit /r/bitcoin from time to time after 1st august to stay updated)
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Continue to send support tickets and try to contact them through their official thread[1] or their twitter[2], always post the ticket number so they could check it for you fast but honestly, all bitcoin services start with an awesome support, as soon as they start making money and get more users, they put less effort and resources in support. [1] https://bitcointalk.org/index.php?topic=229438.6340[2] https://twitter.com/bitfinex
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It could be a good idea to add a notice or something regarding the upcoming possible fork. We don't want to see spamming and false scam accusations against signature campaigns for not paying a few hours/days before 1st August or after (If a chain split occurs).
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Great thread... thanks for all the valuable information.
One question.. I have been lead to believe that if I on on Poloniex and have placed all my bitcoin on altcoins... and remove all sell orders.. just during the 12 hours before and some time after August 1.. I should be ok keeping my Poloniex account funded with coin. I'm just not sure. Any suggestions?
You may want to take this action like 24-48 hours before the event so you are sure that you won't have any stuck transactions without confirmation or sell orders etc. You should be fine leaving your altcoins there but as a general rule, Its never recommended to leave your coins at exchanges for a long period of time as they could get hacked but from the chain split perspective, nothing to be worried about.
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Bitcoin Blockchain Download [bootstrap.dat]Aboutblock date: Sa. 08 Jul. 2017 14:17:11 block number: #47480 file name: bootstrap.dat.xz file size: ~80 GB [81,657 MB] file format: compressed xz (containing bootstrap.dat) uncompressed: ~116 GB
Indexed with Bitcoin Core v0.14.2 on Linux (4.4.0 x64) platform. What's newThe compression format has been updated to xz which allows the decompression of the bootstrap.dat file while downloading it. If you are an expert you can use system pipes to inject the highly compressed serialized Bitcoin blockchain bootstrap.dat to the Bitcoin Core initial blockchain loadup process. SetupMove the decompressed bootstrap.dat into your Bitcoin-Qt application folder and (re)start your Bitcoin-Qt client: - Unix/Linux: ~/.bitcoin
- MAC OS X: ~/Library/Application Support/Bitcoin/
- Windows: [User Directory]AppDataRoamingBitcoin (i.e. C:UsersMyUsernameAppDataRoamingBitcoin
If you don't know how it works you can check the details on the download page. Beware that after decompressing the XY file, you need additional ~130 GB to import the bootstrap file! Download--- https://goo.gl/gdHA8S ---HintThis is a private hosted download. To scope the hosting costs the download page requires a donation of whatever amount is suitable for you. It is no longer suggested to download the Bootstrap file anymore. It's better (and faster) to let the software download it and sync alone.
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But this time Mycelium websites are down any ideas? Rassah said that they are moving nodes, that's why It's currently down. Subdomains are accessible though: swish.mycelium.com for example.
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The most used is BTC clearly, I believe Kraken are the only ones who uses XBT instead. We will definitely see new currency codes though If there is a chain split.
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Does it matter if I exported my private keys encrypted? Or should I keep them in plain text?
Encrypted with a password that you know? It's better to export them encrypted in that case because on plain text, anyone can open the file and take your bitcoins. It's worth mentioning that Its better to move to another wallet like Electrum (If you are using Multibit Classic because Its no longer being supported by the team or getting updates)
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What are your preparations for 1st august? I know that the card balance shouldn't be affected on anyway but how about the account balance which is on bitcoin? or that's technically USD in the first place once the btc are deposited?
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What are the things that you can't buy? I personally haven't find any issues buying anything. If you want to buy anything from Amazon, there is purse.io, If you are buying from eBay then buy their gift cards from gyft or somewhere else and redeem them and buy, If you want to buy games there is Steam and G2A, If you want to use a reship company there is Shipito, a hosting plan? Vultr.com, recharging your phone? Bitrefill and the list goes on and on. The fees are also back to normal, It's simply that people still using high fees or their wallets are not doing the necessary updates.
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but how to setup this fees in bitcoin core running on ubuntu..
should i add a line on config file? how should i set up this? please advice...
If by "setup" you mean changing them then you should go to the menu and go to the options, It should give you something like this: I believe Ubuntu doesn't show menus, If that's the case, just maximize your wallet and It should appear on the top.
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To be honest I doubt the intelligence of anyone who has read through the many recent complaints about slow withdrawals from Poloniex and still thinks it's a good idea to keep their coins in there. Unfortunately, most people won't have had the opportunity to read those threads, and could have some serious problems if Poloniex goes 100% to shit.
It's not that I support the idea of keeping coins inside exchanges, I'm actually totally against it. But why? I mean Poloniex has the highest trading volume, they charge fees (3 BTC = ~7000$) for each coin they add, they have fees for withdrawal, exchanging etc. If they are running for several years, It only means that It's profitable for them so why leave all that and steal users funds? It doesn't look logical to me. Greed, that much?
The bitcoin fork is coming soon, I believe that educated people a little bit on how they shouldn't store their funds on exchanges and that should be valid for altcoins as well. As for your situation @OP, try to contact the support and see how things goes from there, If the trollbox is not disabled (It was, last time I checked) try to speak with moderators for faster answer.
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UASF.co advocates thst users should not run UASF software unless the economic majority shows support to UASF. How should users check this?
You can see here the services that are supporting/ready for UASF: https://coin.dance/poliThere is a decent amount, and note that some exchanges and services didn't make any announcements regarding their standpoint from this whole fork story so we should wait more. In the meantime, anyone supporting UASF, should run a full node.
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I sold a few days ago 85% of my BTC. Did I do well? 15% I have for trex. Do I have to withdraw it before 1st of August?
Exchanges takes time to handle withdrawals sometime, so Its better to do this at least 48 hours before 1st august to assure that you will receive your funds and they will get confirmed in time even If the fees were low.
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Will this be last fork or will have 21 mil coins every 5 years?
What? Bitcoin will be increased by another 21 million coins? That's not the case. We don't know If this is going to be the last fork or not but something for sure, the supply will remain the same.
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Is Blocktrail trusted also?
I wouldn't recommend a service that I know is not trusted. It's worth mentioning that they got acquired by BTC.com btw.
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I came across this and I must say, It definitely looks interesting. I have some concerns though:
1. If the USB stops working? I will lose everything or there is a way to recover? 2. Is it possible to sign addresses directly (without importing the private keys somewhere else)? If yes, the wallet must be sealed or not? 3. If unsealed, the private keys become directly visible on the first page or a button must be clicked? 4. I kinda know the answer, but just to confirm, If OpenDime goes down or something, I'm good since everything is on the device, right?
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I'm not aware of the first two sites but block.io and blockchain.info are both known and trusted sites but when It comes to the limits that the API provides etc, I believe that Blocktrail is the best choice.
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