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881  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin chose Proof-of-Work (PoW)? on: November 12, 2018, 07:10:16 AM
lot of other and better versions of consensus algorithms

you first have to prove that there exists a consensus algorithm that is actually better than PoW then discuss why bitcoin is not choosing that "better" algorithm.
so the real question here is "why do you think other consensus algorithms are better than PoW?"
882  Bitcoin / Bitcoin Discussion / Re: Goldman Sachs: Bitcoin will never come back? You do not believe on: November 12, 2018, 07:02:35 AM
Business Insider reports Goldman Sachs midterm economic outlook says Bitcoin prices are likely to fall further, after dropping 45 percent in the first seven months of 2018.

"We still maintain our view that digital currencies will not hold their value today, and in fact virtual currencies have fallen faster than we have forecast," said Goldman. Sachs led by investment director Sharmin Mossavar-Rahamani.

What if it was the truth?
As Neurotic Fish pointed out, Goldman Sachs is not to be trusted, since it took part in money laundering. I would say financial institutions as such are not to be trusted these days after they laundered more than the total crypto market capitalization and dare to say that it's cryptos that are not preventing fraud (since I know it sounds unbelievable, here's a link: https://www.forbes.com/sites/francescoppola/2018/09/30/the-banks-that-helped-danske-bank-estonia-launder-russian-money/#797136473197). Goldman Sachs is saying bad stuff about cryptos and then some news about them investing into a crypto startup, Novogratz hires a Goldman executive. Some say they are trying to spread FUD to buy low, and it doesn't look ungrounded.

this is not just about Goldman Sachs and it is not about their fraudulent activities. they might have been the most honest group in the world and still their speculation would have been the same.
the thing is, whenever you read some speculation like this which is mostly nonsense, you have to think about why they are bothering with releasing something like this. the answer is that all those who ever speculate about bitcoin like this want to make profit from their speculation! in this case they want to buy bitcoin cheap. not so long ago in 2017 they were publishing the exact opposite of current speculation and were talking about how great bitcoin is and how it will be worth A LOT more than what it was worth back then in the long run! why? because back then they were trying to sell their bitcoins at a higher price.
883  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin ever exist in currency notes? on: November 12, 2018, 06:52:35 AM
this has nothing to do with ATMs but I think eventually we will see some sort of bank notes that may be used instead of bitcoin and issued by banks or some centralized entity like that sanctioned by SEC or something. right now ETFs seem to be the hot topic which is basically similar to notes since you are not buying bitcoin but a virtual IOU from that company and I have to say it is a terrible thing for bitcoin. it brings all the centralization that we got rid off, back to bitcoin.
884  Economy / Trading Discussion / Re: stablecoins on: November 09, 2018, 02:54:04 PM
I'm afraid Tether is the only viable choice despite being a shady and high risk coin. other alternatives are either shadier or they are too small so they lack liquidity and in some cases even stability.
any trader is already facing a lot of risks with exchanges they are using so you have to ask yourself whether this additional risk is tolerable by  you. sometimes it depends on how much you are going to sell for these stable coins, sometimes it is the question of how long are you going to keep that coin. for instance you may want to escape a dump that is happening in one  day. sometimes you want to transfer money between exchanges. in these cases it is ok to use it.
885  Economy / Trading Discussion / Re: HELP! What Trading Signals or what Script should I subscribe to? on: November 09, 2018, 02:48:35 PM
"signal" is a pretty word for a "pump group".
a couple of years ago the pump groups were very popular. we even had a couple of topics here on bitcointalk. I believe one of them was called "ryan pumper". but eventually people figured out that these things were big scams so they stopped giving their money to them willingly.
that meant they had to change their ways. so they started masking the fact that they are pump groups and started using things like "signal groups" as a way to get the same old attention and abuse the fact that this market is filled with newcomers who have no idea what to do and need someone to take their hands and walk them through things.

Understood and I appreciate that insight.  What are your thoughts on the Scripts?

I don't know what "scripts" are? do you mean something like programming scripts similar to trading bots?

in that case it is a good thing but only if you know how to use them correctly. like many other things, bots also require experience to be used effectively. and any script will need you to know how to use them and more importantly you should be familiar with the market because the decisions are still up to you and only making the right ones will mean profit.
886  Economy / Exchanges / Re: Payment method on: November 09, 2018, 02:23:43 PM
I think the first thing to consider should be an estimation of how much money you are expecting to be paid through bitcoin or other cryptocurrencies if at all. for instance if you don't expect less than a couple of payments per month then going with a payment processor like Bitpay may not be the best idea. setting up a simple light (SPV) wallet such as Electrum and accepting payments that way is a much easier option. you can print out the QR code of a single address and stick it in front of the cashier with a bitcoin is accepted here sign so that if anyone wanted they can pay that way.
if it is more number of payments then you may want a more elaborate setup and possibly think about setting up a full node instead of an SPV wallet and generate a new address for each payment.
and if it is a lot of payments and you want the fiat equivalent so that you never have to worry about the fluctuations but also if you are ok with the fees they take from you then use Bitpay.
887  Economy / Speculation / Re: CSW apparently will dump 1M Bitcoin to crash the Market on: November 09, 2018, 01:04:26 PM
Craig Wright isn't Satoshi Nakamoto,which means that Craig Wright doesn't have 1M bitcoins.
Craig Wright doesn’t have 1 million bitcoin’s & he is not Satoshi.

/thread

you don't have to be Satoshi Nakamoto to own 1 million bitcoin, not to mention that Satoshi owning 1 million is something of an estimate and is debatable.

in any case OP is the only one who is making this claim so far! and it is a very strange one at that. not just because of debates about whether he is satoshi or not or if he even has that much bitcoin to dump. but because WHY would he even do that now! he is releasing an altcoin soon and every idiot on the planet knows if bitcoin goes down altcoins get dumped hard.

not to mention that a bitcoin price drop at this point triggers a massive scale FOMO buy of bitcoin and to do that people have to pull their money from altcoins. in other words if bitcoin drops, people rush to bitcoin and his altcoin fails in its first day Cheesy
888  Bitcoin / Bitcoin Discussion / Re: Does decentralized way of doing transaction is really viable ? on: November 09, 2018, 12:52:23 PM
actually lack of middle man and lack of reversabity if transactions is the factor of this decentralized payment system that is preventing a lot of different types of fraud! for example the merchants don't have to worry about the charge back scams that is the most common scam of the old payment systems. or they never have to worry about being paid with a stolen credit card and then bank taking that money away from them!
889  Bitcoin / Bitcoin Discussion / Re: Isn't SEC Demonstrating it Hates Anything Decentralized? on: November 09, 2018, 12:35:05 PM
Quote
According to SEC, Coburn consented to pay USD 300,000 in disgorgement, USD 13,000 in prejudgment interest, and also a penalty of USD 75,000, “without conceding or denying the discoveries.”

what the hell?!!!
I am not really familiar with EtherDelta, I have only heard of it and read a quick description but if it is truly a decentralized exchange then why is the developer paying SEC money? that doesn't make any sense!
890  Economy / Trading Discussion / Re: HELP! What Trading Signals or what Script should I subscribe to? on: November 08, 2018, 02:35:36 PM
"signal" is a pretty word for a "pump group".
a couple of years ago the pump groups were very popular. we even had a couple of topics here on bitcointalk. I believe one of them was called "ryan pumper". but eventually people figured out that these things were big scams so they stopped giving their money to them willingly.
that meant they had to change their ways. so they started masking the fact that they are pump groups and started using things like "signal groups" as a way to get the same old attention and abuse the fact that this market is filled with newcomers who have no idea what to do and need someone to take their hands and walk them through things.
891  Economy / Speculation / Re: Chart may help you predict when the next bitcoin rally is coming on: November 08, 2018, 02:22:26 PM
https://www.marketwatch.com/story/this-chart-may-help-you-predict-when-the-next-bitcoin-rally-is-coming-2018-11-02
"The chart is the price of bitcoin BTCUSD, +0.29%  with plots that indicate when what is known as bitcoin mining difficulty growth turns negative. This happens when the difficulty — a mathematical target set by the protocol — is higher than the random probability a miner has of solving the complex problems to validate transactions on the blockchain."

How much do you use charts or information like this to predict the bitcoin market?
Charts can help you out in shorter terms but in the longer term charts are totally useless. There is no merit in trading with charts for long term because what could change in the crypto world is always sudden and unexpected. You can definitely try to do day trading with charts and unless something big happens you will make money with it and I really admire people who can read charts probably and use the indicators to tell them what will happen.

Some people read the charts like their own native language and see where the price is going but to me it is a foreign language and when I see it I have no idea what it says. However if a big sudden unexpected thing happens than it affects the long term trajectory of bitcoin and crypto plus changes everything on that day as well.

I actually believe that the opposite is true! looking at charts in long term helps you predict bitcoin price a lot easier than looking at them in short term and trying to predict the short term movement because in short term it is impossible to predict bitcoin. for instance you can not say if price is going to rise in 1 day from now or 1 month from now or... but looking at long term you can clearly see that the pattern is shaping in a way that bitcoin is getting ready for the rise so being above $10k in at most 6 months is predictable.
892  Bitcoin / Bitcoin Discussion / Re: Apple Takes Down Crypto Podcast on: November 08, 2018, 01:26:21 PM
Any reply from the app store authority? why don't you contact the directly asking the reasons?

if you read the topic  before making a post here you can see that somebody already posted a link that seems to be answering your first question here.
as for the second one, I assume that there are two reasons for this. first is the fact that people always love making drama and are too fast with branding stuff with things such as "censorship" which is clearly what these people have been doing. second is that I think the content creators saw this as an opportunity to advertise themselves while playing with user's emotions.
893  Bitcoin / Bitcoin Discussion / Re: Reasons why the SEC would want to stop institutional investment into Bitcoin? on: November 08, 2018, 01:13:48 PM
I honestly don't think there are large scale conspiracies going on around here. Gold prices are manipulated, yes, but the Bitcoin market is unregulated and is therefore potentially open to much larger scales of manipulation.

in addition to that, the bitcoin market compared to gold market is tiny. the price is determined on exchanges that are small too. we have seen the high volatility which is the product of that. it doesn't have to be manipulation for price to swing like that up and down.

all these theories aside, I believe the "big boys" are already in. but they have used bitcoin as a place where they parked their money because it is decentralized and nobody including banks or government can touch it. and they will continue doing that. but if things like ETF become a thing they may start thinking about bitcoin seriously and as a way to make money. in which case we may see even more manipulation and swings. which is not what we want. and maybe that is why whey are not accepting ETF.
894  Bitcoin / Bitcoin Discussion / Re: It is necessary to find one private key out of 10 million Bitcoin Addresses on: November 08, 2018, 01:01:16 PM
If it can be done then we are out of business, Bitcoin private key cannot be a brute force just like you will just waste your time and money doing this, and what is the purpose of getting a private key, only black hat hackers do such thing Bitcoin was created to be perfectly like this

My goal is to become Perelman 2.0
My research begins with the theory of "Vector Mathematics".
I want to say that Secp256k will soon lose popularity. You will see!
In the community of cryptographers have long been rumored. secp256k will be replaced by another technology. My designs will simply open many eyes

well you first have to understand that topic you are talking about before you can claim that your "design will open eyes"! from what I can see based on your comments here you have no understanding of how elliptic curve cryptography works and what these fields that are defined by a specific elliptic curve mean. I suggest that you first educate yourself about this topic then come back and think about what you just wrote in this topic...
895  Bitcoin / Bitcoin Discussion / Re: PRO-BITCOIN CONGRESSMAN JARED POLIS IS COLORADO’S NEW GOVERNOR on: November 08, 2018, 12:55:15 PM
I don't trust politicians.It doesn't matter if they support bitcoin/blockchain or not,I just don't trust them.
We have to judge Jared Polic by his deeds regarding the further crypto/blockchain adoption in the state of Colorado.His pro-bitcoin opinions doesn't matter to me.

this is what I also believe. and that is why I always reserve my judgment whenever I hear a news like this. in the past enough people have used the name of bitcoin only for gaining some attention and hype that we can't trust anyone who does it anymore. besides what we want is action not just talks. they can talk all they want but as long as there is nothing happening that talk is also meaningless.
896  Bitcoin / Bitcoin Discussion / Re: Bitcoin Related Crimes Surge on: November 08, 2018, 06:06:30 AM
I read the craziest story earlier this week. Entrepreneurs in Amsterdam are living in dread of criminals who are undermining to cause acts of terror unless they are paid a extortion expense in bitcoin.
As per a Netherlands newspaper NLTimes, messages have been sent to different organizations in Amsterdam requesting bitcoins worth 50,000 euros. Inability to pay, the messages caution, hand explosives will be planted at the business premises or the organizations will go under a hail of slugs compelling conclusion. In the Dutch capital, businesses are required to close down for a timeframe if there should be an occurrence of a shooting or after an explosive has been found.

I haven't read such news but in any case this has nothing to do with bitcoin. this sounds like a terrorist act rather than being an extortion and this would be the first time they ask for bitcoin. in the past there has been thousands of cases that they did the same and asked for fiat since fiat like US dollar is easier to use by the terrorists and is impossible to track. that is why what you posted here is strange to hear.
897  Bitcoin / Bitcoin Discussion / Re: Will SEC approve BITCOIN ETF ? on: November 08, 2018, 05:53:46 AM
no, SEC will most probably reject this ETF and any new ETF in the near future for about a year or two and will not change their stance against bitcoin and its ETFs anytime soon.

and no even if they approve this ETF there will not be any "big" bull runs because you can not change the trend with a simple news. what you can do is that the news can speed up the process. for example now we are in a fixed trend of accumulation then soon after a small rise followed by testing of resistance. and then we have bull run if the resistance is broken.
what positive news can do at this point is that it can speed up the accumulation to reach its end and the "small" rise to begin.
898  Bitcoin / Bitcoin Discussion / Re: After ‘Taking out’ $6,800, Bitcoin Will Hit ‘New Highs’ In 2019, Says Galaxy Dig on: November 08, 2018, 05:45:22 AM
in a way this is an obvious prediction for bitcoin. we all know that next year things will surely change and the rallies will eventually begin. most probably in early 2018 but what we don't know is when exactly and how big the first rise is going to be.
as for institutional investors, it seems to me that they are trying to advertise their own services and get those kind of investors in their own service not that they are actually predicting an increase!
899  Economy / Speculation / Re: The collective forecast of the price of Bitcoin on January 1, 2019 on: November 07, 2018, 07:29:39 AM
I am thinking of around 8k USD, giving the fact that BAKKT is coming in, it will not make the price skyrocket that much for the mere reason of accumulation.  I think it the price won't get that much improvement (x2 or more). I also think that FOMO will not kick in during this time since investors are more knowledgeable now than before.  I hope to be proven wrong but that is what I am thinking about the price of Bitcoin on January of 2019.

investors who are already in the market and are trading are always more knowledgeable than before. and they never FOMO buy. the FOMO buys which make the price jump up mostly happen because of newbies. and newbies come in when the rises are already happening and the hype is at its max. that is also why we have the big drops/crashes with every rise that bitcoin has. but when rises are small the crashes are also small like the dozens of 20-30% crashes that bitcoin had in 2017.
900  Economy / Exchanges / Re: DECENTRALIZED EXCHANGES: why we need decentralization? on: November 07, 2018, 06:38:39 AM
Centralized exchanges take too much fees and community based projects do not have much funds to spare so they kinda never get the attention they deserve. Secondly, decentralized exchanges have more security compared to centralized ones.

But most exchange now are centralized like Bittrex, Binance, Okex, coinbene, that requiring KYC. Then I also believe that Decentralized id more secured because you're the only one who is able to control it and have access on it. But sometimes there is risk like Etherdelta or Forkdelta this platform is an example of decentralize exchange but its not good for me because this platform is asking private key and eth address too, and faced issues several times in terms of hacking the account of their client users. In short, I would rather choose centralize exchange than decentralized exchange. And besides, most of the top 10 exchange was centralized exchange too.

this is exactly the biggest problem that decentralized exchanges are facing: people prefer to stick to centralized ones and don't use decentralized exchanges! at the same time they expect a perfect solution!

well that won't work because if you and I don't use them, they won't improve because they need to be tried out so that the bugs can be found or at the very least they can improve their platform using our suggestions. not to mention that the volume won't go up as long as everyone sticks to centralized exchanges while getting scammed by them!
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