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81  Alternate cryptocurrencies / Mining (Altcoins) / Re: GPU too hot? on: August 12, 2017, 05:38:51 PM
Are you using Afterburner?

Like floppydisk said, start with reducing the power from 100%, and you can set temperature limits, so that the GPU will change the fan speed to cool it down vs. your maximum temperature limit.  You can also manually increase the fan speed, but I prefer not to.

Getting risers would help if you want to mount the GPU's a little farther away.  Try tweaking with Afterburner first, which has no cost.  Your Asus GPU shouldn't be blowing directly to the Gigabyte, but if so, you could also consider switching spots.
82  Other / Beginners & Help / Re: Bitcoin use on: August 12, 2017, 05:32:43 PM
I am brand new here.I don't know how to use bitcoin.Plese anybody help me.How i can it?


Wallets are free to use, so along researching about which wallets people like for different uses, you can download them onto your computer or phone and see how you like the interface.  You can get a bunch of them to try, and once you have a couple you want, delete the rest of them (making sure you transfer any balance to your other wallets if you're funding them).
83  Economy / Economics / Re: Can Bitcoin End World Poverty? on: August 12, 2017, 05:20:48 PM
I think, one of the key origins of poverty is financial inequality, created by banking system.

There's a lot of countries with zero mortgage interest rates and lots of money.
Wherein, there's a lot of countries with 3 billions of people living there, where interest rates on credits are as high as 30%.
And all traditional banks in such countries are working like pawnshops for SMEs: you need to have huge collateral just to begin talking to the bank manager.

Also, current financial system almost blocking intercontinental money transfer to dozens of countries. For example, Western Union takes up to 20% of payment if you're trying to send money from EU to Africa.

So, the money are locked up and money distribution is weird.

Thats why we've decided to launch cross-border p2p-interchange project, based on cryptocurrencies.
Hope, our social experiment will be successful enough Smiley

You are talking about Africa, but how can you explain the complex blockchain project to an illiterate farmer from Zimbabwe?

You don't really need to understand the intricacies of Bitcoin to be able to use it, the same way that you don't need to understand the way an engine in a car works in order to drive it.  From a user standpoint, you just need to understand that a transaction has a sender and a recipient.  At the moment I agree that it's mostly adopted by more tech savvy folks, but the user interface will get easier to use for people that aren't.
84  Alternate cryptocurrencies / Speculation (Altcoins) / Re: WHAT DO YOU THINK WILL BE THE TOP 3 COINS THIS YEAR? on: August 12, 2017, 05:08:38 PM
The first two are probably not going to get displaced within this year, but very possibly in the coming years as new useful coins pop up.

For #3, I think Ripple may end the year taking the #3 spot, and drop down next year.  BCH is hanging around but I'd expect it to be treated similarly to ETC and lose popularity over time.
85  Economy / Economics / Re: Why are Venezuelan not switching to Bitcoin? on: August 12, 2017, 07:44:25 AM
Bitcoin can't serve an entire country in the way that fiat does, currently it can't even take the volume of transactions.

Yeah it wouldn't be able to function like that as it is right now.  But in a place with hyperinflation it's a good store of value.  Whenever a place is in a currency crisis I would expect a huge influx into Bitcoin as one of the top alternatives along with gold, for protecting wealth.
86  Bitcoin / Bitcoin Discussion / Re: Coinbase Becomes First Bitcoin ‘Unicorn’ on: August 11, 2017, 09:02:41 PM
Coinbase was the first wallet I used for Bitcoin, and I think it's still popular for people starting to get into cryptocurrencies, but in my experience the service needs to be improved to keep customers from migrating to other wallets or exchanges.
87  Bitcoin / Bitcoin Discussion / Re: Could Bitcoin ever replace conventional money? on: August 11, 2017, 07:08:36 AM
It could possibly if the whole system changes, but it won't.  The mining network and exchanges would need to be significantly more robust and debt would need to be distributed differently since you can't have a fractional reserve and create money from nothing.
88  Economy / Economics / Re: How can we stop Bitcoin from crashing? on: August 11, 2017, 06:17:11 AM
There's not really much an individual can do to influence the price single handedly unless they have a massive investment.  The aggregate demand either needs to rise or the aggregate supply needs to fall to stop a crash.

Once Bitcoin becomes more popular as a legitimate method of payment, the demand will rise dramatically and it should theoretically become less volatile from speculative investing.
89  Economy / Economics / Re: CNBC hosts are worried about BTC being x3 oz of gold on: August 11, 2017, 06:08:48 AM
https://www.cnbc.com/video/2017/08/07/bitcoin-hits-all-time-high.html?play=1

This is a must see. It's fun to see these clueless guys at "this bitcoin thing" going so high. They said they are worried because now BTC is worth 3 times an oz of gold. If only they knew this is only the beginning.

I think it will take for BTC to reach $10,000 for them to accept the new Bitcoin reality, it's then when all of these rich boomers will be getting into BTC and the price will go parabolic.

People are so used to the measures which are used on a daily basis. There is no logic to comparing the weight of gold in oz to bitcoin's price. Why not use the weight of gold in kg? That would paint a different picture.

It is a pretty arbitrary comparison and a foolish one, similar to people often comparing stock prices to each other without taking into account the number of outstanding shares.
90  Economy / Economics / Re: Bitcoin for all levels of society, without any difference on: August 10, 2017, 07:20:40 PM
True, bitcoin made for all levels society without restrictions of country's rules. Just, always need internet for every activity related to bitcoin. Whereas in this world there are still people or countries are poor internet, and this's one of causes bitcoin become less evenly spread.

Other than fiat being skewed towards special interests like banks, any currency is "for everyone".  They all need to be earned or acquired somehow.  But for people that are without an internet connection, Bitcoin isn't accessible to them, where fiat is.
91  Bitcoin / Bitcoin Discussion / Re: Scammers have stolen my money on: August 10, 2017, 03:01:17 AM
Hi
My ID in blockchain  368ac49b-9f06-440f-b4ef-58343905e5bc
Yesterday I want get BTH on my blockchain wallet and finded video https://www.youtube.com/watch?v=uRZHTt_lwBA&t=1s. I make step by steps by this video and as result all my money was stolen.
As I understand today thieves can do this after know my Backup phrase of 12 words and sent my money to 1Be7Ej9WA8ioDuqrRKCaGcCBM6Uu3Mci53. I don't know all this nuances, please help me return my money.
Thanks

Sorry to hear dude.  You sound like a nice guy but you need to be more careful than that.  Scams will always be here and there will be some people that will dedicate a portion of their life to scamming others.  Once you have something that is worth taking, you need to take measures for your own security.

What you did was foolish, but use it as a lesson so it never happens again going forward.  If you can do that, then perhaps unfortunate event will make for good learning.
92  Economy / Economics / Re: You should never trust banks on: August 09, 2017, 06:52:11 PM
Banks are going to vanish soon if crpto world speeding in the high way with increased speed everyday that why some banks trying to adopt good project as ripple XRP . 

Do you really believe that? Banks aren't going anywhere as their lobbying and access to policymakers will keep them alive and well.  You can't expect billion dollar giants to roll over and die because legit cryptocurrencies are available.  This entire system we have is a result of the banking system, so everything would need to change. The government is going to hang onto the fiat unlimited printing press at all costs, so I don't see banks vanishing anytime soon, regardless of cryptos gaining traction. Majority of people don't even know what Bitcoin is, let alone invest in it.
93  Economy / Economics / Re: You should never trust banks on: August 09, 2017, 04:04:35 PM

Even when I have not known bitcoin yet I already know banks cannot give a good return for our deposits, they are the one who make the most of our money as they use it for their lending services and any other related money generating activities. That is our money but they are getting more return than us, therefore now I just limit my savings in banks and instead I put it in crypto.

When I was still studying, I already learned the lesson about how banks earn money and just like you said they lend our money to others and they are the one profiting from it. They give us an interest of 0.5% annually but let others borrow money from them 5% above annually. The recent issues in banks made me more convince that banks can't be trusted with our hard-earned money and we are lucky cause bitcoin exist wherein we have a choice now where to save it with an interest rate like no other.

The spread on interest between deposits and lending is one part, but the real scam is having a fractional reserve.  That allows them to effectively multiply their lending by a factor of 9.  So if you deposit $100 at 0.5% interest, a bank is able to lend out $900 at maybe 3-5%.  But if you try that same scam, you go to jail  Cheesy

Free your mind!

What you say (i.e. fractional reserve banking, FRB) is applicable only to money backed up by hard assets like gold. In today's world, the world of fiat money not backed up by any particular asset, FRB is mostly a meaningless concept (some countries, say, Canada, have 0% reserve requirements). Banks don't need deposits to create loans, they only need borrowers that fit their selection criteria. And there is no problem with that as long as borrowers don't default in massive amounts. Anyway, this is exactly how money is created by banks nowadays, i.e. via credit

Good name right?  Wink

You're right about th Canadian banking system having a 0% fractional reserve.  Even more bullshit, and I'm Canadian lol. But we're a small player so I was referring to the states @ 10%.

What an insane advantage to give to a small number of private companies.
94  Economy / Economics / Re: Why Is Bitcoin's Value So Volatile? on: August 09, 2017, 05:05:33 AM
Since Bitcoin isn't yet adopted in most places, a large part of its supply and demand is based on price speculation.  So as the confidence changes, the price fluctuates a lot.  As its adoption increases and people send or receive payments for commerce instead of speculating on its price, it should be less volatile.
95  Economy / Economics / Re: You should never trust banks on: August 09, 2017, 05:01:16 AM

Even when I have not known bitcoin yet I already know banks cannot give a good return for our deposits, they are the one who make the most of our money as they use it for their lending services and any other related money generating activities. That is our money but they are getting more return than us, therefore now I just limit my savings in banks and instead I put it in crypto.

When I was still studying, I already learned the lesson about how banks earn money and just like you said they lend our money to others and they are the one profiting from it. They give us an interest of 0.5% annually but let others borrow money from them 5% above annually. The recent issues in banks made me more convince that banks can't be trusted with our hard-earned money and we are lucky cause bitcoin exist wherein we have a choice now where to save it with an interest rate like no other.

The spread on interest between deposits and lending is one part, but the real scam is having a fractional reserve.  That allows them to effectively multiply their lending by a factor of 9.  So if you deposit $100 at 0.5% interest, a bank is able to lend out $900 at maybe 3-5%.  But if you try that same scam, you go to jail  Cheesy
96  Economy / Economics / Re: Bitcoin reduces unemployment on: August 09, 2017, 04:50:33 AM
This is the most complicated problem faced in every country, let us see graduates of students who graduated in this school year may not immediately get a job within 1 year of the year. A question arises as to whether bitcoin can eradicate unemployment, I do not think it's that easy. Bitcoin can overcome the existing unemployment rate, practice lessons that must be applied to the students, I think that is the right solution, so that when students graduate from school, He can directly practice his own job, for the provision that has been given during the school.

There will need to be a more streamlined platform where people can buy and sell certain skill sets.  People without a job would likely accept a lower payrate and the buyer may get a discount.  That would definitely help with unemployment, and a decent way to get some extra money for people that are employed looking for some extra cash.
97  Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS]: SegWit Lock-in Today 8th August 19:50 UCT on: August 09, 2017, 04:28:41 AM
The price is stable. Then it's good anyway. There is nothing to be too much to be concerned with.

Yeah I think most of the uncertainty is behind us now, and the price has increased huge from that.  I thought Bitcoin would get a price bump from people dumping their BCH, but I think the fairly smooth transition without major hiccups had a larger impact.
98  Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS]: SegWit Activation Tomorrow 8th August 19:50 UCT on: August 08, 2017, 03:59:18 AM
If the first August was successful for bitcoins, then the eighth with SegWit will pass for him without any tangible consequences. I think especially no one is going through the same way as before the first of August. Perhaps bitcoin will fall a little bit in price, and maybe in his course it will not be reflected at all and it will continue to grow.

Will Segwit activation affect either the transaction cost or the time taken to complete a transaction compared to before the hard fork?
99  Alternate cryptocurrencies / Mining (Altcoins) / Re: Best coin to mine on a laptop? on: August 08, 2017, 03:05:24 AM
Is there still coins that are profitable to mine with a laptop with a normal energy cost?

CPU or GPU mining on a laptop won't be worth the effort you put into it.  Bitcoin is dominated by ASICS hardware, which you can't really compete with and alt coins require decent GPUs, which isn't as profitable as it once was either.
100  Economy / Trading Discussion / Re: What's your current strategy? on: August 08, 2017, 02:47:43 AM
Pretty much just holding, although it would have been better if I had a larger investment.  Will need to invest some more, but I'll let the current volatility settle down a bit before looking into that.  Don't want to get in right after the price surge.
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