....
I just find this possible Orwellian future interesting, and just in case, those running nodes should be considering this scenario as possible, if governments go full retard against Bitcoin it's definitely within the realm of possibility.
I hope this is not the way forward now, as I saw on the G20, they were not really against bitcoin, so there's still a little hope that they will prefer taxing the hell out of bitcoin instead of banning it and not gaining anything... If you want to tax something, than that thing should be legally accepted, in that case they just can't deny to run a full node... But we'll see... |
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I'll have a look at it, I'm really interested. It's using eclair as I saw, and it should be a kind of neutrino type node/wallet because it doesn't need a full node. As the LN went beta recently, I was waiting for something like this, but I was expecting it much later, so I'm really happy now |
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I like my ledger nano s, but basically any ledger and trezor products and safe and easy to use. Combination of hardware wallets and safe back up offline storage will make you sleep fine. They are safe only if you buy them directly from the manufacturer, and not from ebay or anywhere else... On ebay, there's a kind of scam that the seller sends a brand new and unopened hardware wallet (which is fine and usable, without any tamper or modification) but sends also a 'unique' and 'individually generated' seed (12 or 24 words) on a piece of paper and the instructions, to set up the hardware wallet with that seed. In this case, if the buyer sets up the hardware wallet with the seed of the scammy seller and starts to add funds to the hardware wallet, the seller can easily move the funds to another address with the same seed... So stay safe, and buy directly from Trezor or from Ledger... |
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What will happen if we allow only jr. members and above to open a new topic?
In Bitcoin Discussion, every 3rd or 4th thread is opened by a newbie with 2-3 activity, and it's usually an average two liner with a link (pointing to random news site), and after a question, like 'What's your opinion?' or similar...
Just an idea, I'm not against newbies in general...
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It's great if the stolen bitcoin can be traced. But there is a problem.
In order to track the person who has received the bitcoin, the address owner must be known. And it's the opposite of the purpose of the creation of bitcoin. However governments don't want bitcoin addresses owners to be unknown and they are struggling to regulate bitcoin in a way which bitcoin owners can be tracked.
It's trackable, yes. But that traceability won't help you when you can see that the bitcoins move from one address to another one, because not all of the addresses can be linked to people directly. People can be found if they buy from a webshop and pay with bitcoin and gives out their shipping address (because somehow they need to receive the item they have paid for). But that address can only be questioned by authorities, not by induviduals, so it's not a real help in the end... |
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I think it's just an April fool's joke. It's very creative, and I love this new system, my friend.  We are all confused right now it it was really a joke since today is April 1 'fools day' but we don't know yet the real until tomorrow if this thing will gonna remove but if it will remain then we must follow and observe the new rules for us. It was a really good April 1 joke  But first I was terrified by my stats, so I've started to search about the new features, but I've realized that it was 1st April, so I understood it afterwards... but it was a really good idea |
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I think by now, we all know I created this thread to be a April Fools joke. The A and the F should have been the clear hint to most people, because I dropped it several time through the post.
It is clear that a lot of people are not reading any of the content of a thread and just replying randomly to the topic of a thread.
To the people who got this, congratulations for reading the post and picking up on the details and for the rest, I have one word, READ.
Until the next April Fools Day, AF media signing off. ^smile^
Great thread After reading the OP, I was expecting way much more "on topic" one liner replies from newbies and Jr. members cheering because of the Amazon acceptance... People (sorry, just generalizing) have forgotten to use their brains nowdays... or spammer bots were not configured properly to check the system date before posting |
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Another misleading article... Exchanges should be more regulated and should follow up the rules of security and other things. You can't expect people to trade on some shady exchange where there is high possibility of losing funds. After the NEM hack they are slowly seeing how exchanges are badly secured. Honestly I agree with the fact for more regulation, even some people will like the idea of exchanges filling the standards provided by their country and might even think to invest into crypto if they feel safe. People are already using shady exchanges, as the exchanges are not regulated yet, so there's a high risk that they will be scammed. On the other hand, the risk/reward ratio is still good enough for them to take this risk, because they can earn way much more money that they risk in the beginning. So people are accepting the risk of these shady exchanges but if the exchanges will be regulated, it will be better from the point of view of the scam risk. Regulated exchanges will not have the benefit of the possible tax evasion, so I'm not 100% sure that all of the traders will be happy with the regualtions, although it will protect their money. |
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It is not problem that he knows about transaction, problem is can he realize that i use it on neteller as deposit.
Your father will only see that the bitcoins have already left your addres, and will only see another address (which can belong to anyboy, or e.g. it could be your another address, like a hardware wallet or paper wallet or anything). That address won't let him know that it's a neteller or not. The real question is, what do you say if he asks you what you have done with the bitcoins he sent to you... |
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The problem at the moment is that most people are hoarding their coins, because the price has dropped significantly. Everyone does not want to be the "Pizza guy" in a few months when the price goes to a ATH again. When merchants start to accept Bitcoin, they want people to use it, not hoard it. The solution will be for people to have quick access to Bitcoin ATMs to enable quick conversion from cash to BTC when they enter these merchants. {You have the cash, but you want to spend it via Bitcoin}  In connection with McDonald's and other food or other giants on the market, I have a different idea: They are big enough but not dumb, this is why they are making such profit now. They have a staff that can tell them if it worths for them to accept bitcoin or not. If they will have the green light for bitcoin, there will be a big marketing campaign about bitcoin, so we'll see it immediately. My idea is, that they will start to accept bitcoin if they will think (based on their own research) that the price of bitcoin will raise and for a longer period. This will let them to start a new marketing campaign with bitcoin and they are big enough to start gathering bitcoin (and not giving it back to circulation). Accepting bitcoin itself won't make them significant profit but gathering bitcoin and waiting for it's price skyrocketing will make them the expected profit. As they are big enough to finance the amount of bitcoin income somehow differently, they can make much higher profit in the end. |
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Oh maybe this next time I'll hit it. I'm not very "lucky" but also don't believe in luck, so I'm just looking at the odds thinking, I'll probably hit it somewhere deep into 900 something activity. I know that worst case scenario I end up getting Legendafy status 5 months from now, so August ish. No biggie.
Don't take it so unhappy, it could be worse... At least, you have the 1000 merit that's needed to rank up, so you are more lucky than the others with the same activity but without the 1000 merits. So you only need to wait, the others needs to gather merits if they want to rank up ever to legendary. (which could take not only 5 months but years) So feel yourself extremly lucky |
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... Now I'm having issues with starting the LND, if I manage to start it (asking for wallet password), I'll post it here. 2018-03-30 22:16:18.654 [INF] LTND: Waiting for wallet encryption password. Use `lncli create` to create wallet, or `lncli unlock` to unlock already created wallet. did you run lncli create/unlock without errors? No, it gave me some error, but I've managed to skip this with using the --noencryptwallet flag when starting lnd. It opens the wallet and lnd continues to start. (This leaves the wallet.dat unencrypted, but for testing purposes for the first start it's fine for me.) Now I'm waiting for lnd to find some proper nodes, but it's struggling to find any. Maybe it's because of the beta upgrade, nodes needs to upgrade before they will be able to serve neutrino type nodes, so I'm trying to start it periodically, and also checking github, e.g.: https://github.com/lightninglabs/lightning-app/issues/26 |
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Because of the new beta version of LND, I've deleted the previously installed LND and BTCD from the PI and started from scratch. I would like to start a neutrino version of the LND, so according to my current understanding, BTCD is not necessary at all, but I'm not 100% sure yet. This can change in the future as I move forward with testing this thing. Hint: if you want to start to risk your coins on the main net, you should modify the config.go file in the src directory: if cfg.Bitcoin.Node == "neutrino" && cfg.Bitcoin.MainNet {
str := "%s: neutrino isn't yet supported for " +
"bitcoin's mainnet"
err := fmt.Errorf(str, funcName)
return nil, err
}If you comment these lines out (you put // at the beginning of the line) you won't have an error message (and won't stop you) when you want to start your lnd client in neutrino mode on the mainnet. After saving the config.go file, I have installed the new LND again (the process is the same as above, it just installs the new version). Now I'm having issues with starting the LND, if I manage to start it (asking for wallet password), I'll post it here. 2018-03-30 22:16:18.654 [INF] LTND: Waiting for wallet encryption password. Use `lncli create` to create wallet, or `lncli unlock` to unlock already created wallet. |
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Hi,
I've seen Bitcoin since 2014.. I saw a lot of fancy coins without any real innovations.
But now we see IOTA, Hashgraph, Nano and Byteball.
I think these altcoins really have some better innovations.
What is the future / roadmap for Bitcoin? Can Bitcoin handle these innovations?
As long as you can buy the altcoins for bitcoin only and not for fiat, bitcoin will have the advantage compared to the altcoins. As long as you have to exchange fiat for bitcoin, and after you can exchange bitcoin to altcoin, bitcoin will have the volume on exchanges and if there's a volume, it has the demand for it. If there's a demand, the price will be at least stable or won't fall quickly. |
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This is one very unique case, most places won't have any limits on usage as long as you are paying a fair amount for it. I wouldn't think that anywhere in the state of NY is the best for mining, states in the north west would probably be much better suited given the low temperatures and costs involved.
I also thought the same way. I thought that their is no such thing as electricity limit, well if electricity really do have a limit in NY. I think it because they have a very few supply of electricity that is why they put a limit on it, For that, I think it's really not the best place for bitcoin mining for the sake of the citizens. I'm fairly sure it's just this one place in NY, that's why the costs were cheap. There's no shortage of electricity supply within the state of NY, it's not hard to run power lines across the country but quite clearly anywhere close to the source of energy will be cheaper than somewhere where it needs transporting. It's why mining is extensive in China and Russia. And if the climate is freezing (northern part of Russia, Alaska, Iceland, etc...) it can also cuts down the cost of the airco, which can make the whole mining thing more profitable. My favourit story is the old and dodgy nuclear power plant in Russia on the north, they said they are willing to reopen it, if miners are coming, in order to supply them with cheap electricity... |
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I've used both Trezor and the Ledger Nano S. Both are fine for the purpose. While Ledger is a bit cheaper, the average bitcoin user won't notice any difference between the two hardware wallets in connection with the main functions of them. The Ledger looks like a simple USB thumb drive, while Trezor looks a hardware wallet (or a garage opener remote controller ) so you can hide both of them easily. |
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I think so, since there was a huge increase in the number of SegWit transactions in the last few months. And note that such results are without Lightning Network. I guess that, once ready, LN will give a hard time for altcoins out there that have low fees as their main selling point. Coinbase started to use SegWit, which has a great impact on the network. Also, as I saw somewhere, they started to combine transactions into batches, this also lowers the transaction fees. (less transaction, less fee, because mempool is not full, so there's no need to increase the fees for a transaction in order to get it confirmed in time... The Lightning Network will have a huge impact in speed and not in connection with the fees, because fees are low at the moment, later on if another bull market will come, then will the LN have impact on fees. |
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