Bitcoin Forum
July 16, 2024, 05:23:44 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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] 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 ... 839 »
7941  Economy / Exchanges / Re: LIVECOIN HACKED on: January 02, 2021, 12:49:15 PM
Why people want to use small noname exchnages in 2021? Low fees will not save a lot of money

I don't think it's the fees.
I used to use small / noname exchanges (well... that was basically until 2017) for exchanging small / lesser known altcoins.
Of course, the main rule has always been to never leave big funds at exchanges, isn't it?
7942  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bittrex de listed XMR, ZEC and DASH on: January 01, 2021, 07:52:16 PM
It may be quite a blow for the HOLDers of these coins, but it depends what will happen next and if others will follow the trend shortly.
Since it's not the first time anonymous coins got delisted and they still did pretty much recovered, it may just be a good opportunity to buy the dip.
7943  Bitcoin / Bitcoin Discussion / Re: De-Fi on Bitcoin on: January 01, 2021, 06:40:36 PM
Will "De-Fi" become popular on Bitcoin as ETH's fees rise all the way to the moon? Or will smart contracts on Bitcoin become a "failed experiment"?

There's more than just Bitcoin and Ethereum.
Many other blockchains were or are now just as good for DeFi as Ethereum. Or at least close enough. There's quite a competition there you seem to have missed out completely.

I don't see a good reason for Bitcoin care at all about this and I think that Bitcoin side chains has lost the train for this.
So it's imho it's closer to "failed experiment", although it's not even known enough to be called like that by such a number so it would matter...

But don't worry. I am not convinced that DeFi does indeed worth the hassle...
7944  Economy / Speculation / Re: What you'll do when BTC price will go down heavily and fast? on: January 01, 2021, 06:34:03 PM
what you'll do with your BTC?

I'll do most probably what I usually do: sell some of my bitcoin earnings and also hold some.
The ratio depends though on the price, trend and... the household needs.

Although more options would have been better (at least one for BTFD), it's good to see you've put check boxes instead of radio buttons.
7945  Bitcoin / Development & Technical Discussion / Re: Lightning doesn´t solve the scaling problem on: January 01, 2021, 01:55:21 PM
Let the technical discussions begin.

I will start with criticizing some of your examples. And it won't be that much technical, sorry.
If your BTC savings will be handled by a custodian service, then it will be able to optimize the transactions, making some of them off-chain or grouping (many) more of them in one transaction.

From my understanding on LN, settlements should not be necessary after some time, since the transactions would flow in both directions between nodes, and the nodes that needs settlements often (or at all) will become unproductive and will be shutdown.

Since Bitcoin is meant to become at some point a coin for every day use, LN (or something like that) is necessary in order to avoid the need for waiting at the grocery store many long minutes for blockchain confirmations.
So it has its own use, not necessarily for your problem.

For your problem I think that "the world" will auto-adjust. Your numbers (I'm in criticizing mode, remember? Smiley) forget that if that many people will have Bitcoin, most probably the amounts owned by the most would be under network dust amount, hence cannot be transacted on-chain (and no, it's not simply 21M/3B)

All in all:
1. normal people will use a few Satoshi at the grocery store on LN or similar
2. normal people will probably use custodian service for Bitcoin-as-digital-gold, hence there the number of transaction I expect to be far less than what you predict
3. the few lucky ones with coins in their own wallet will be rich enough to not mind the high network fees for fast processing in case of occasional spend

I think that this kind of problems have to be cleared up before doing research in the direction of changing Bitcoin at its core.
7946  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 01, 2021, 12:48:28 PM
Happy New Year!
And Happy New ATH! (again)
7947  Economy / Services / Re: [CFNP] BestChange Signature Campaign | Sr Member+ on: December 31, 2020, 06:22:01 PM
Happy New Year  Smiley

Happy New Year to the entire BestChange team and everybody else reading this post  Smiley
7948  Economy / Exchanges / Re: Binance Visa Cards Are Now Available in Europe on: December 31, 2020, 06:20:38 PM
and if I failed again

You seem to have everything in order.
Some things I'd add from my experience, although it was with Wirex:
1. The card may need to be entered into a ATM in order to be considered activated for real.
2. First ever POS payment should be with PIN
3. There is a good chance that if a shop has declined your card once, it will decline it next times too (my Wirex was still not working on the first shop declining it, although it works on the others).

Good luck and keep us posted!
And Happy New Year too Smiley
7949  Economy / Exchanges / Re: Binance Visa Cards Are Now Available in Europe on: December 31, 2020, 12:08:08 PM
P.S. My cards balance consist from Bitcoin and Swipe, but it has a EUR currency also. Maybe I need to first convert my crypto to EUR. But this is the issue, why should I have an option to top up it with different crypto? And as I remember, Binance should make all the exchanges using VISA exchange rate. It should not be that complicated for user to use the card.

I've used my virtual card (since the real one didn't arrive yet) a couple of times and it uses the currencies based on the order set there.
In my case if I had EUR on it, it used those, and if those were depleted, it has been using from the bitcoins there.
But, very important, the funds have to be in the Card wallet, not in Spot (unless a certain checkbox is checked).

So:
1. You should not have to exchange to EUR if you don't want to.
2. Your available funds should be in the Card wallet.

If those conditions are met.. maybe their support can help you out....
7950  Economy / Exchanges / Re: Bitstamp new ID software fails - Account blocked on: December 31, 2020, 11:19:42 AM
There seems to be a bug in the software that seeks to take the picture on the phone and send it to their security service (onifodo?), maybe depending on Android / camera / Browser version.
Accepting the passport picture only via smartphone (and not website, upload, email) seems to be some security idea, stupid enough.

Maybe you can think on somebody - friend or family - maybe even with different version of Android you can ask to give you his/her phone for 10 minutes, you install/setup the app, try to do the verification steps there, then uninstall it and you're good.
I don't really have another/better idea.  Sad

No, my account balance is in Euro, not BTC.

Ow  Sad
Sorry...
7951  Bitcoin / Bitcoin Discussion / Re: Best Way to Carry Your Seed When Traveling Or Moving Abroad? on: December 31, 2020, 11:12:27 AM
1. Extend the seed with custom word(s); keep the seed wherever you want, keep the custom words on the back of your kids'/wife/whatever photo in your wallet (and somewhere else too)
2. Encrypt the seed with a password
3. Keep in parts. 12 words there and 12 words somewhere else. This works even as 2 different books/documents/whatever in your own luggage, as long as they are not obviously printed as a list of words, although in case of luggage I'd feel safer if I'd use [1] or [2].

Keep in mind to store the seed in at least 2 different places, just in case one burns down or whatever...
7952  Economy / Exchanges / Re: Bitstamp new ID software fails - Account blocked on: December 30, 2020, 07:26:15 PM
Are there other users blocked from transactions because of this mixture of faulty software and paranoia on the side of Bitstamp?

Did you try to reach their customer support? If your old and actual IDs are fine, you should get proper help/advise in order to fix this.
On bottom-right on the main page there are mail addresses. I think that at least unlock the process in order to retry should be easily possible.

All you'll need is patience, but since Bitcoin is on a rise, for now you lose nothing if you wait  Grin
7953  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero - Price Speculation. $1,000 doable long term? on: December 30, 2020, 02:37:13 PM
Put two and two together and it isn't unlikely we'll see XMR trading above $1,000, what do you think?

1. You forgot about the smaller emission of Monero (I think that Monero emission now is smaller than Bitcoin's or something like that)
2. I wish you are correct.
3. Maybe you should know that there's already a Monero Speculation thread.
7954  Economy / Reputation / Re: [Interviews] with Bitcointalk members on: December 30, 2020, 01:34:08 PM
Questions:

1. When and why did you become interested in cryptocurrencies?

At the end of 2013. I've heard of something valuable and computer related. I found interesting both the idea and the tech behind. (And I still do.)
I even had an (always empty) account at MtGox!

I rushed to mine it with my GPU (of course, without reading basically anything) and after a month I was still under the dust amount. I understood then that I cannot mine it and I also thought that I've missed the train already (it's funny and also sad to think now to that).


2. How did you get on the forum?

After the cold shower on Bitcoin mining I looked for something easier to mine, so I can catch the next train. Litecoin was also tough, so I found Dogecoin, its mining and its Reddit.
The good thing was that the community made me stay. The bad thing is that Dogecoin ... has no limited supply, now I understand.
The even better thing is that I heard there about Bitcointalk.


3. When and why did you buy your first bitcoin?

Ohhh, that was late. It was in 2015/2016. However, most of my coins I've actually earned. Some from signatures, bounties and translations, some from altcoin trading.


4.1. What prevents mass adoption of cryptocurrencies?

I think that we are almost there, the obstacles are more like something from the past.
The central banks' narrative and lack of legislation was the big obstacle, but now big companies are buying, the price is on a rise, people are coming too, the word of mouth make more and more buy, and PayPal (although they actually sell now only IOUs) help a lot.
An obstacle still present is probably the lack of easy 99.9% fool-proof wallets.


4.2. How do you think mass advertising of gambling projects has a positive effect on the development of the forum or harms the community?

I have positive view about the gambling advertising on this forum, but it's biased: I've advertised here myself gambling for long time.
I know that there can be a problem, since kids are also visiting this forum and can get caught badly by gambling. But imho that's their parents' issue: they have to check where the kid is surfing, since they can find gambling ads in many other places (including faucets and tv).
So no. Imho gambling is not a problem. And the money it brings here helps the forum.


4.3. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?

It depends. After less than 2 years in trading I learned that I'm doing it wrong and I stopped.
After this many years and countless altcoins turned to dust, I still didn't sell some and hoping to see them recover.
I think that investors have to have certain "neural structure" and certain amount of luck too. They have to be born for it to do it right. Then some experience will already do. Without the "right stuff", it doesn't matter much, whether it's education or experience.


5. What do you think of the current Merit system and signature campaigns?  Do they harm the forum?

Signature campaigns are a necessary evil. Although many good posters would still be there to help and answer, the number of them will be less and the amount of posts will be smaller, hence some will have to wait for a good answer (and crypto people lack the patience badly).
Of course, they also bring big amounts of spam / unnecessary posts. But, doesn't the forum also has more and more spam not related to signatures nor ranking?

The merit system? It's brilliant! We still need much more merit sources imho, but that's all. It's clearly on the right track.


6. The most useful forum topic? Most helpful users?

Woah. No. I would have to make longer lists than this post would allow it. And if I wouldn't then I'd leave good posts or good posters not mentioned.
It's a good forum with a huge amount of great posts (not necessarily topics!) and a huge number of great people. Let's leave this instead of a list.


7. 3 things you would implement on the forum?

* Automatic account update and recovery based on Bitcoin signed message (it's Bitcointalk)
* Change of ancient contact methods for 2021 worthy ones
* A mobile with no very big changes, but bigger font and better readability. I know that new forum will come someday, but you asked Smiley


8. Do you trade on exchanges or invest in projects?

I did trade at some point. It was nice, but too time consuming and also rather risky. I decided it's not for me.
I did invest in a very small number of ICOs, it was more like gambling than investing, I guess.
The time has shown me that I do better if I just HODL what I can.


9. Tell a story about your big profit or big loss?

I wish I wouldn't sell/spend so much of my crypto earnings... Should I say more? Smiley


10. What do you think about the DEFI ecosystem?

I didn't research almost at all about it. My feeling is that's just a new ICO-like scam bubble. Until now I successfuly stayed away from it.


11. Is your anonymity a vital necessity or precaution?

I think that 100% anonymity is impossible. Sooner or later you make a mistake you don't know about and it's blown away. But one has to be cautious.
I'm still a Monero fan, and that's because I don't find it normal that anybody can find out what's the content of your pocket. OK, not literally anybody, but still...
Anonymity is a necessary precaution.


12. The last cryptocurrency book you read?

There was a book - I don't remember the title - about CSW days when he provided that fake signed message, does it count as crypto book or as novel?  Grin (don't shoot me, I was curious how he managed to fool so many prominent members of the community)
I've also started "Mastering Bitcoin", but never got to finish it... yet.
I know I should have read more. But unfortunately I didn't.


13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?

No. Everybody has to do his own homework and decide for himself.
Bitcoin has to be more than 50% of the crypto portfolio.


14. How much will Bitcoin cost at the end of 2020?

Since I am so late with my inteview, I won't answer to this, mkay? Smiley
It's already higher than I hoped for this year...


15. P.S.
Sorry for being this late, but I warned zasad@ that this will happen.
However, thank you for thinking of me worthy for this interview.
7955  Other / Beginners & Help / Re: I want to learn Bitcoin knowledge. on: December 30, 2020, 11:23:40 AM
Which section of the forum I go to?

If you don't know about Bitcoin, I think that the section you chose, Beginners & Help is perfect.

Maybe you can also start with reading some books. You can either use the search feature of the forum, either google with queries like: books site:bitcointalk.org
One free useful resource is Mastering Bitcoin by Andreas M. Antonopoulos on Github: https://github.com/bitcoinbook/bitcoinbook

If you start reading and have questions, do a quick check if they were not asked before (see the search I've shown) and if still no info, ask here.
7956  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC has replaced XRP for the 4th place on: December 30, 2020, 11:17:49 AM
Half of top 6 coins from coinmarketcap don't deserve to be there, still they (still) are.
XRP is back to #4. If the current drama continues it has a good chance to fall again under LTC and maybe remain under...

On the other hand the market is full of speculators who don't care if the coin is any good as long as it brings profit.
Also people are forgetting and forgiving. If enough money is poured into advertising and a bit of pumping, XRP can very well recover after the drama settles a little.

All in all, it's far too early to party, unless LTC did or does something wonderfully great I was not aware of....
7957  Bitcoin / Electrum / Re: Electrum - How do I add BTC into my balance from my receiving address? (Newbie) on: December 29, 2020, 04:04:47 PM
Damn this sucks, well I guess I have to learn the hard way.

Make sure you not only download and check Electrum, but also create a completely new wallet, since the old one is compromised.
Also, depending on your long term plans, it may worth considering to buy a hardware wallet; at 60 EUR it should worth the added security, probably depending on the amounts you plan to buy/handle.
7958  Bitcoin / Electrum / Re: Recover wallet electrum. Help needed. on: December 29, 2020, 03:14:50 PM
Another idea:
If the old receive address you still have starts with 3 and now the wallet contains addresses starting with 1, there's a chance your wallet was created with 2FA support.
This posts (and the thread) may give you extra clues what to try: https://bitcointalk.org/index.php?topic=5304688.msg55967150#msg55967150
7959  Other / Meta / Re: What to do with posts like this? on: December 29, 2020, 02:07:33 PM
Technically, moderators are able to edit posts.

I was sure that the admins could do it, thanks for confirming that the moderators can do it too. As for the specific post, I will try to report it with an editing request, so we will see what happens.

I've seen a couple of times consecutive posts concatenated into one, operation done afaik by the mods.
...Just in case you needed one more confirmation that this possible  Wink

Unfortunately the topic is a mix between Bitcoin stuff and altcoin stuff, and as long as the Bitcoin part is in it, it's OK. (Even myself I've posted things like "if you don't like Bitcoin tx fees then use Dogecoin").
The replies only on the altcoin part, on the other hand, may not be suitable for that board, but if you report those it's up to Mod to decide, since they're probably on-topic.
7960  Bitcoin / Bitcoin Discussion / Re: Bitcoin whales are buying more aggressively since Christmas, data shows on: December 29, 2020, 01:39:46 PM
Well, thats good because they have the capacity to buy bitcoin in bulk, and thats good for the market too

Actually it is not certain to be good.
Whales are buying massively when the trend is up, but they'll probably also sell when the trend will reverse.
It has happened before, it will happen in the future too.
The only unknown part imho are the institutional whales - how will they behave when the market will turn bad (which hopefully won't be too soon).
Pages: « 1 ... 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] 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 ... 839 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!