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I hate it when people from the mainstream whore Bitcoin like that. This is the first sentence in that story. "Stock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000 within a year."
He then goes on with how great Bitcoin is using all the old arguments that we have already heard many times. That guy is shilling because he bought some.
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The Korean exchange has already said that they are paying back their customers after the thefts. The OP, by making that title thought he can start something.  |
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what's the real usage of smart contracts anyways? i am seriously curious about this. because so far i have only seen smart contracts on ethereum and they are all ICO tokens of useless projects one after another.
so for example what RSK is supposed to do? shift all these ICos to bitcoin?!!
I believe they will find real usage with the technology in 5 to 10 years time. I also believe smart contracts will be of more use in the dark markets or markets that are operating outside of regulations. A few examples of smart contracts are: Micro-lending, Distributed voting systems, Machine to machine payments, Decentralized exchanges, Asset tokenization, Supply chain tracking, Loyalty and rewards Micro-insurance, Crowdfunding, Property registry, Escrow services, Transparent public tenders, Remittances. Read https://faq.rsk.co/en/main/ at Rootstock website for more useful information. They keep "advertising" that it is good for those things but do smart contracts really make the legacy systems better and more effective? What do they need censorship resistance and decentralization for? |
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Any evidence that the recent congestion has been due to spam attacks? Big blockers want big blocks in order to be able to have transactions confirmed in the next block with low fees... Spamming the network would be making sure they don't get exactly what they want. Sounds counterproductive.
No evidences, just FUD. The mounting evidences over 2 months of high fees, based on the numerous complaints here and reddit, it is perfectly possible that users are no longer making transactions or only making fewer transactions than normal. This would lead to reduced mempool. But there are no evidences that it was not caused by spam either. There were also some Bitcoin contributors who have said that there are some people spamming the network. This address, whoever owns it, is clearly trying to flood the mempool. https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15fIf that is not spam, then what is it? |
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1,000,000,000 Won = $875,853.23 = ~330 BTCthis is not even in the top 20 exchange hacks in the history of bitcoin  this is more like the amount that some whales lose if they have a bad trading day... My initial reaction in seeing the word billions in the title was "wtf!?". Upon clicking the topic, it is not even 1/2 of the largest hacks in Bitcoin or all of crypto for the matter. The hacker can dump all coins in the market anytime, no problem.  It is a clickbait title. Moving on. |
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Have you seen or used any smart contract implementation on top of the Bitcoin network?
no because because mostly the smart contract implementation on top of bitcoin is now under developement and it is called RootStock and it will be a great addition from the things that i have read so far. you can see it here: www.rsk.coWhat happened to Counterparty's porting of the Ethereum Virtual Machine to enable dapps to run in their network? Are the XCP developers still on it? Or is Ethereum the best way to go in this regard?
actually etherum is the worst way but the most popular these days to start a smart contract. there are a couple of projects that you can find in the altcoin board that offer similar platforms for smart contracts and they do it way better, easier and much cheaper too. and on top of it their network is not congested like ethereum network is congested and delayed. I do not think there is no stable smart contact platform that scales. Name one that can and why are the developers not using it? There must be something wrong with it no? |
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Why it's hard to believe?i bought most of my bitcoins when the price was 450$ and if the split do happens then how will i know which will be the dying chain?i think safe is too just hold till one chain completely dies instead of taking a risk of selling a coin in 1 chain which may result in selling a coin in surviving chain.
I am sorry but I did not mean to offend you. But put yourself in the reader's point of view. A newbie account saying he has 45, 50 or 100 Bitcoins could easily be a troll would you not agree? I gave you the benefit of the doubt though. |
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Try Cex.io. I used them once for my very first Bitcoins some years ago and they were a good exchange back then, very fast replies from their customer service and also fast withdrawals. I am not sure how reputable they are today but I have not heard any bad comments about them.
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How many do you have?
around 45 I do not believe you but if you did have that amount and a split in the blockchain happens after August 1 then your Bitcoins double in amount. You can sell your coins in the dying chain and continue to hold the rest in the surviving chain. Or it could happen like Ethereum and 2 chains survive. You profit whichever way. Hold. |
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Let us say you have raised $30m in the ICO. How much are you allocating in domain names alone, and how much do you think will DDF make on average in a year by year basis?
You also said you will be investing in ENS. I assume that is the Ethereum Name Service?
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It it really that? What kind of logical connection does online gambling have on Bitmain or Hashnet? It does not fall under the same laws. Betonsports is not a Bitcoin gambling site, but the people who ran it do have criminal records.
It demonstrates the reality that anyone in the world that breaks a U.S. law could be prosecuted. A company in China selling litecoins to a person in New York is guilty of "conducting unlicensed virtual currency business", and the company and its employees can be fined or end up in prison. But how can they arrest and prosecute the people behind an "illegal service" selling Litecoins to a person in New York of they are in China? The story you quoted said the CEO and 3 others of the illegal gambling website were arrested by the Department if Justice in Dallas. That is within their jurisdiction, while China is far away. How do you assume the US will arrest someone from China for crimes that are not large enough to make it worth it to come after them. |
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OP, the people in Bitcointalk are not as naive as they were 5 years ago. A lot of us have already realized that the only good move is to buy and hold. We would have made much more by sticking with Bitcoin compared to actively trading it back and forth with altcoins or fiat.
But there are altcoins that would have made us more if we used the same buy and hold strategy. Ethereum is one good example.
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jonald_fyookball, we have seen that you have "proven" cannot provide decentralized scaling. Without any arguments made from the developers of LN around, let us assume that you are correct. Then what is your proposal on how to do it right?
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The best speculator to follow is our very own Kwukduck. If he says Bitcoin will crash, that is your signal to buy and if he says it will climb fast, that is the time to dump. I have never seen him make a correct prediction. |
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Maybe you should read this: CEO of online sports betting site arrested
Federal officials have charged 11 people, including the CEO of a big gambling website, alleging they committed conspiracy, racketeering and fraud in taking sports bets from U.S. residents.
The Justice Department said Monday it is seeking the forfeiture of $4.5 billion, cars and computers from the defendants, including BetOnSports PLC and three other companies.
BetOnSports Chief Executive David Carruthers and four other defendants were arrested over the weekend. Carruthers was arrested Sunday at Dallas-Fort Worth International Airport during as he awaited a flight from Texas to Costa Rica, where the company has operations.
Several of the defendants live outside the United States, which will make them hard to catch, said U.S. Attorney Catherine Hanaway in St. Louis.
The important thing to note is that the site is not based in the U.S., and the people that were arrested do not live in the U.S. Bitmain, as well as many non-U.S. exchanges and banks, don't want to have to comply with New York or U.S. laws, and they don't want their executives to be arrested if they go to the U.S., so they don't allow New York or U.S. customers. If you really want to complain, you should complain to the State of New York about their laws preventing you from using these companies. It it really that? What kind of logical connection does online gambling have on Bitmain or Hashnet? It does not fall under the same laws. Betonsports is not a Bitcoin gambling site, but the people who ran it do have criminal records. https://en.wikipedia.org/wiki/BetonSportsMaybe the PBOC has something to do with this. |
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The spamming did stop. I sent some Bitcoins today with a regular .0001 fee and it confirmed in less than an hour. Maybe there was an agreement taking place from behind the scenes between the big shots of Bitcoin? Another surprising event is happening. MASF Segwit is gaining more support. https://blockchain.info/charts/bip-9-segwit |
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Months ago I would say Poloniex is better. But during the bull market that caused a sudden increase in volume, Poloniex was shown to have had their own problems in scaling their trading platform. I still trust them but it might be better to start looking at other exchanges too for some of your trades.
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Please do not copy paste my posts. Thanks. |
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Good BOOST for monday.
The boost won't be that big. Japan still isn't the leader in trading. Also, somebody should investigate how their Bitcoin businesses are really doing. I suspect there could be big interest in the currency but only out of curiosity and very little real use. Last time I heard, Japanese were all over bitcoins. They were buying like hell and also that the bitcoin price in Japanese exchanges was pretty higher than the other exchanges. I heard rumours some Chinese whale traders switched to using Japanese exchanges after the Chinese government froze withdrawals on the Chinese exchanges. If that's true the end of the 8% consumption tax could be very bullish. As I understand the Chinese exchanges have already resumed withdrawals on May 31, so those rumors might only be that, just rumors. On the removal of the 8% consumption tax, it could encourage more people to use Bitcoin but I do not think we will see a big boost in the market immediately in my opinion. The market sentiment is still mixed right now in anticipation of BIP148 and Segwit2x. |
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