"withdraw fees" are bitcoin network fees.
The site uses the 21.co API to determine suggestions, and you can adjust your fees based on your preferences.
If you dislike the fact that bitcoin transactions became more expensive over the last year,
the site offers 8 other coins, including doge with fees as low as 1 doge (72 sat).
Is there any reason why Crypto-Games doesn't feature batch withdrawals as additional option? Many casinos and exchanges do this with fees as low as 0.0001 BTC per user, which is way lower than usual transaction fees. It creates some delay, but I think many people would wait a few hours to save ~0.001 BTC. |
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If I have my btc stored on my electrum wallet will I be safe from a split? Or should i go with paper?
You are safe when you own the private keys to your Bitcoins. Because when the fork happens you can choose which chain to claim coins on. This is not entirely correct, you can only choose which coins to spend if the fork comes with replay protection, and without it spending coins on either chain will result in the same transaction on another chain. Bitcoin ABC will feature replay protection, but Segwit2x most likely not. Its really incredible how this miners suddenly jumped in and save the day for us.
What's incredible is that you can possibly think that when the very same miners were the ones who held back on activating segwit the proper way, fucking it up for everyone and making a safe process precarious. Even though we're getting segwit, we're now staring down the barrel of a rushed miner code driven hard fork. It seems like most people have very poor understanding of what's happening, everyone is cheering and to-the-mooning because they think that chain-split was averted, but maybe the big split just became more real. |
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I`ve seen this graphic posted on some other forum thread before.
There`s plenty of space for bitcoin to grow,but it`s wrong to compare it to gold.
Gold is used by the people for centuries.All the people without computer knowledge will trust gold,and believe me,most of the people in the world don`t have a PC,which means that they don`t know anyhting about btc and most likely they will never buy and use bitcoin.
Median global computer ownership was at 38% in 2015, it's not hard to imagine it going to 70-80% in next 20-30 years. Which will mean that Bitcoin can easily become a gold of digital era, even if it won't scale into a currency level. And Bitcoin is more convenient for private storage and moving, it can be used anonymously, it can be hidden from all other people. Gold is valuable because it's scarce and chemically durable, nothing more, so Bitcoin can also be extremely valuable, because it's scarce and digitally durable. |
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It is still possible even though SegWit is incredibly plebiscited. However it would die pretty fast and the traitors would eventually go back to the main chain because they have to win money and since their altcoin will be worthless they will leave it pretty fastly.
It is not going to die anytime soon. There are a lot of powerful people with fat pockets supporting the BCC. And you need to remember that morality and ethos comes last during investment. The only thing which matters is the probability of getting a good profit. If someone will try to support ABC from their pockets, they'll just get burned because all the Bitcoin users will be dumping their free ABC coins. It might even catch some hype shortly after release, but in long term it will get get dumped hard, because it's essentially an airdrop altcoin with no significant innovation, no talented dev deam, only greedy Jihan who wants to sell more miners. |
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So what's going to be the deal with this?
Now it's all sweetness and light as Segwit smiles upon us, what do you reckon will become of the 2MB hard fork?
Will everyone who agreed to it fall away and wait to see what Segwit does or will they follow through?
Hard forking seems rather more fundamental to me.
It will depend on the stance of popular services, like exchanges, which chain they will support as Bitcoin, and which as altcoin. If majority will vow to reject 2mb fork as Bitcoin, miners might reconsider forking, and it won't happen at all or will get very small hash power. But if some users will stick with Core, and other with 2x, than we might witness the biggest split in Bitcoin community and probably a big short term crash. But it's hard to predict it now, because no one seems to care about it now, with all the attention around BIP 91 and BIP 148. |
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I want to check manually my bets that I've placed.
How exactly do I do this in Excel?
I've generated some bets but they aren't matching... I'm pretty sure I'm not completing the process correctly.
Does anyone have a thread or video on how exactly to do it with a step by step process?
First, you should check instructions for Provably Fair system on the site that you have been playing, since every site has it's own implementation of it, and it's different for every game. But in general, it's based on cryptography, the site should always tell you encrypted seed that will be used to determine the outcome of your next bet, and after the bet was made, they should reveal it's unencrypted value, so you can check if they match. So, you don't need Excel for this, only hash generator for corresponding algorythm, which can be easily found online. |
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I just follow btc developments this month. I see every day btc price up and down. Which is my question, what are the factors that affect the rising price of the btc? Whether shareholders btc, altcoin, or btc users themselves?  There are tons of factors that drive BTC price, and it's impossible to predict how the market will react to some upcoming events. Sometimes it rises/crashes, sometimes it stands still, sometimes it even moves in the opposite direction that you would normally expect. So, it's better to be a long-term investor, because it's very likely that the price will increase in long term, rather than sit all days looking nervously at charts and try to day trade. |
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Satoshi is an oldschool cypherpunk, and he did a good job to preserve his anonymity, so there are very low chances that someone will find out who he is. This means that any theories about Satoshi are just pure speculation, you can't prove anything so it's pointless to discuss them. There's no evidence to who he is, why he left us, is he alive, what's he going to do with his coins. The only thing we can do, is to request proof from people who claim to be Satoshi (looking at you, Craig Wright) and see what they got.
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I'll add one more question to this topic: if it will turn out that miners were for some reason lying when they signaled SegWit and it won't get activated in upcoming weeks, will this cause a chain split due to UASF nodes rejecting their blocks (even past August 1st)?
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What did you expect? That you and I, for example, would have a saying in BTC development? Why? What did we do to be asked about it?
Our word, as users, is actually the strongest one among all parts of Bitcoin network, because we determine the price of Bitcoin. If we won't like the direction it goes to, we can dump it and make mining unprofitable. Or we can buy more Bitcoin and boost the price, if we like new developments (like current surge caused by BIP 91 lock in). If you think that we should shut up and use whatever we have, than the fees would skyrocket again and we'll have to pay $20 for transaction if it has to be confirmed fast. So, when you are paying money for something, you always have a right to demand better quality or refuse to use those services. |
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I think long-term hodlers shouldn't care about any hard forks, because ultimately their effect on Bitcoin's price will be irrelevant in a couple of years. Most people who are panicking because of UASF and other potential chain splits are probably newbies who started trading in a last few months, and probably bought Bitcoin above $2700 so it really hurts them when it seems to be going down. I've been into Bitcoin for more than a year now, and witnessed some crashes, wild volatility and speculation, and it taught me to not care much about current price, because long-term perspective is what really important.
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BTC and ETH need a lot of electricity and a lot of nuclear plants
They are not green technology
Is cryptocurrency an issue to the environment?
Can something be done? Is anything being done at the moment?
Green Crypto Movement
High electricity consumption is exactly the point of PoW algorithm, it makes any attacks on the network very expensive for any potential perpetrators, so any changes that reduce power consumption are also likely to make Bitcoin more vulnurable. But electricity itself not always causing pollution, nuclear plants are actually much more safe for environment than coal and gas. I think in the future people will build cryptocurrency mines close to renewable energy sources: hydroelectricity, solar power plants, wind, geotermal. |
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https://twitter.com/coinbase/status/887703206435758080https://blog.gdax.com/uahf-a703b6a13115As soon as we saw the news of the ridiculous hardfork getting rejected by big exchanges the price started skyrocketing, along with BIP91 activation soon lockin segwit. Now after segwit locks in, all we need is that everyone makes sure to keep running Bitcoin Core and not btc1 (segwit2x software) in order to keep certainty instead of risking a 40 billion market running some subpar software, and we will go to $10,000 soon as it becomes clear no hardfork is going to happen. I think the price skyrocketed because the possibility of fork lowered, not because major exchanges said they won't support the altcoin. If Coinbase and Gdax won't support Bitcoin ABC, other exchanges will, because it means more volume and more profits from trading fees. in short. july 31, coinbase should have ZERO bitcoin funds of customers. because THEY wont give customer the altcoin
When ETH forked, Coinbase also didn't support ETC, meaning they didn't list it for trading, but they have been releasing coins that people already owned until December, so it probably will be the same this time. But still, it's usually better to store coins in your wallet, especially if you are a hodler. |
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Most sites, at least dice sites, provide either a login url (Just-Dice, SatoshiDice) or ask for a user name and password (BitDice, PrimeDice). One of the benefits of Bitcoin gambling is betting anonymously. There has been a couple of sites however that allowed you to login with your social media profiles, though they seem to be dead now  Do you think sites should offer the option of login via social media profile as well as the normal username/password? Many gambling sites are operating without governments permission, and are either illegal or in the gray area, so players usually try to preserve their anonymity. So, logging in via social networks is the direct opposite of this and should be avoided. Also, your profile information from social networks can be used by hackers in their social engineering attacks, you can find many stories how people got their exchange accounts hacked because of this. Cryptocurrencies gave us tools to reach anonymity, and we shouldn't neglect it. |
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From reading threads in other parts of the forum, people are saying that before August 1 comes around, that you should withdraw your bitcoins from exchanges that are not SegWit ready and where you don't have control of the private key and put your bitcoins into wallets where you do possess the private key.
Does this advise also hodl true for gambling sites where your bitcoins are held in a wallet that you don't own/control the private key?
What happens to our bitcoins that are in an account on a gambling site that isn't SegWit ready and there is a hard fork after August 1st?
The gambling website will probably decide on which chain your coins will belong. At least they have the power to do so. Crypto-games have outlined their plan in case of a fork: http://blog.crypto-games.net/2017/07/crypto-games-bip148uasf-contingency-plan.htmlBut that will most likely not be needed if BIP91 activates. I think most services, casinos included, will try to do the same - split coins and release both coins to their owners, because it calms their users so they don't massively withdraw before the fork day. And overall it's a good plus to their reputation, while keeping forked coins for themselves would be viewed as dishonest practice. I personally going to keep my investments in crypto-games and YOLOdice during August 1st, since both operators have promised to release forked coins to all BTC owners. |
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If bitcoin will become the world currency, the government will find a way to take control in the government. They wont allow bitcoin to get legalize unless they will not be the one to dominate it. But it far to happen yet.
It's pointless to openly control the Bitcoin network, because it will completely crash the price (unless it's your goal) and then users will just fork into new version that will be more resistant. So, Bitcoin can't really be taken over so blatantly, but governments may try to find some bugs that will allow them to trace transactions back to users more efficiently, reveal IP addresses, etc. But it's not very likely to happen, as Bitcoin exist for 8 years already and someone will probably have spotted such a major flaw already. |
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Like what general investors in BTC have decided, its not meant to be used to buy groceries. Its a store of value
If developers agreed with that position, they would just stop working on scaling solution, and only fix some minor bugs. But that would make Bitcoin no different (except for amount of hashing power) from any altcoin, since they all have pretty similar structured blockchains and features that come with it. So, even if Bitcoin just an investment for you, you still should support changes that can one day make it a viable currency for masses, because that's what will give it the biggest value out of all cryptocurrencies. |
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Something like this already exists. It's not made of paper but it has a similar idea as the one described by you. It's called OpenDime. "Opendime is a small USB stick that allows you to spend Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one." Website: https://opendime.com/Bitcointalk Thread: https://bitcointalk.org/index.php?topic=1452987.0That's a really interesting implementation, although I'd say it's not entirely physical, since it requires USB connection to some device. If Bitcoin will get really big, it's possible that some centralized entity will be issuing "Bitcoin banknotes", that will be backed by Bitcoins, similar to how currencies were backed by gold in the past. Physical currencies will always exist in some forms, since the digital ones have their limitations, and its unwise to rely on only one form of money. |
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Very interesting read, thanks! You are obviously right, fork threats are all about economic leverages, miners try to scare users with their forks, but it's actually a bluff, because they can't mine coin that will be rejected by the market. Segwit2x clearly shows that they are scared of BIP 148, they have already lost the battle for SegWit, the question is - are they going to fight for bigger blocks in November? Will they try to convince community that 2mb fork is the true Bitcoin, effectively trying to push Core away, or will they fold? I think companies should release their statements about potential HF in November, just as they did about all other forks. |
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Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.
But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.
Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.
Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?
Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.
I guess you don't understand what "decentralized" means, cryptocurrencies are all about consensus and open source - if you don't like the current network, you can always make your own fork with your own rules and see if other people will like it. Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence. Also, it's not like developers have some master key to Bitcoin, they can't do anything to existing blockchain, no one can, they can only release new versions, and if people will not agree with it, they simply won't use it. |
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