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941  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2018, 03:39:53 AM
millions around the world know all about it

just live in peace and move around it if u can

942  Economy / Scam Accusations / Re: bittrex is a scam website - AVOID!- WITH PROOF!! on: January 14, 2018, 08:13:17 AM
''Confirmed scammers'' That's not really true, they are just really unprofessional. Unfortunately the only way to get your coins/money back is by providing them with your personal information. At the end of the day most exchanges will ask you for personal information.

Except their verification process is horribly broken and instead of providing a reasonable solution they will simply lock the account for good. That is about as scammy as it gets. They know that most people won't go to the trouble of getting a new ID card or whatever is needed to pass the verification (if at all possible) so they can sweep up those small amounts.

If this was purely a KYC issue they would work to help their customers. This is not what's happening. Their support people are acting like assholes determined to piss you off and make it not worth bothering to regain access.

Except if they were really scamming they would have ran away by now. As I said, I'm not defending them, they are extremely unprofessional and a horrible service in general but personally I got verified after a month, I withdrew everything and here I am. You can get verified as well, it just takes time.

The problem isn't them running away with the whole loot (yet), the problem is them skimming small amounts by imposing unreasonable requirements.

And no, I can't get verified, tried both their basic and enhanced verification. It's pure bullshit of course. I can open any bank account, and I have a fully verified Coinbase account, so again - it's not a KYC issue. Bittrex is lying when they say that the "government" is forcing them to do this.

Didn't work for me neither, only after a month and using what's called the ''2fa trick'' I got verified. I still think they just fucked up. Why would they lock accounts in the US? Why not disable accounts in shithole countries where they know it's virtually impossible for them to be sued by those people?


these n00bs think they are going to "regulate crypto" ...rotflmfao :-D
sureeeee they are ~ as they steal your coins?
>> hmm makes perfect sense  Roll Eyes #digital-handcuffs

centralizing a decentralized peer to peer currency.

sounds like shooting yourself in the foot

mtgox, cryptsy, btc-e .............  etc etc etc
943  Economy / Scam Accusations / Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action on: January 14, 2018, 08:06:51 AM
Just stopping by to remind everyone CRYPTSY WAS AN INSIDE JOB FUCK CRYPTSY

Yeah we know em all.

Opportunity knocks but once a year.

The end is nigh.
944  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 13, 2018, 07:49:31 PM

Putin and pals have worked out that exchanges are money printing machines.  They will only “approve” exchanges with close links to Putin.

I think this goes with this => https://www.rt.com/business/415811-russia-power-station-cryptocurrenct-mining/

I have an alternative

Putin knows the exchanges do not hold the amount of bitcoin sold and wants to make sure Russians do not get ripped off.


One thing they all keep missing

you cannot put laws on our money, in particular this peer to peer money

it will go around any law or regulation all the time e.g. music sharing, file sharing etc etc anything peer to peer



945  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 13, 2018, 02:56:45 PM


..."Current estimates of total worldwide household wealth that I have found range from $100 trillion to $300 trillion. With 20 million coins, that gives each coin a value of about $10 million."....

https://www.mail-archive.com/cryptography@metzdowd.com/msg10152.html



946  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 13, 2018, 02:47:25 PM

One reason price might follow difficulty is that mining should not be too profitable (because nothing should be too profitable, the world doesn't leave free money lying around). Therefore the price of Bitcoins can't rise too much above the cost of mining (counting equipment depreciation among the costs of course). The cost of mining is proportional to the difficulty (approximately). Therefore we might expect to see price proportional to difficulty.

We do see a nearly proportional relationship in the 1st graph, but that data set was incomplete. I'd like to see that last graph redone with a linear difficulty scale so we could see how the proportionality holds up with more data.


https://blockchain.info/charts/market-price?timespan=all


https://blockchain.info/charts/difficulty?timespan=all
947  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2018, 07:34:28 PM

I'm not the one asking, but I did'n understand any of that.

What is signing, what's an online box and what exactly does broadcast mean in this case?



offline box - An absolutely secure, known and trusted computing environment.  This computer NEVER touches a network.  USB sticks never go from a networked computer to this computer, only the other way around.  Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this.  Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids.

online box - Your day to day posting on WO, reading news, email and porn box.  Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside.

signing - Verifies that the transaction in question has been authorized by your private key.  Obviously your private key is not included in a transaction.  Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid.  This is a basic function of dual key encryption.  If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net.

broadcast - the process whereby the network becomes aware of the signed transaction.  The transaction data is disseminated to your peer nodes which rebroadcast it.  The aggregate unverified transactions on the network are known as the mempool.  This is the data from which each miner will select their 1MB of choice, choose a nonce and hash.


anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire

Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.

I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance.
You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works.
Hope your other hobby is not rocket-science, or you could have you burned hard soon.

Model trains and coin collecting are my other hobbies, so I guess I'm safe.
Thank you for trying to explain what it is, but as I have mentioned before that doesn't help if I don't know how to do it. It would be a lot more helpful if you just said something like "it's a way of sending coins without hitting the send button live, and you do it by klicking tab so and so and type that and that and then do this and then that, done. The technical mumbo jumbo does not do it for me, sorry but thanks for trying. As I said before, we just don't speak the same language.

try
bitcoin.org
the basics of everything


asking questions on a technical board will get you technical answers




But this isn't a technical board, it's a wall speculation board.


Ok So what does the wall speculation have to do with ...."What is signing, what's an online box and what exactly does broadcast mean in this case?"....

I give up



948  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2018, 07:29:57 PM

I'm not the one asking, but I did'n understand any of that.

What is signing, what's an online box and what exactly does broadcast mean in this case?



offline box - An absolutely secure, known and trusted computing environment.  This computer NEVER touches a network.  USB sticks never go from a networked computer to this computer, only the other way around.  Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this.  Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids.

online box - Your day to day posting on WO, reading news, email and porn box.  Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside.

signing - Verifies that the transaction in question has been authorized by your private key.  Obviously your private key is not included in a transaction.  Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid.  This is a basic function of dual key encryption.  If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net.

broadcast - the process whereby the network becomes aware of the signed transaction.  The transaction data is disseminated to your peer nodes which rebroadcast it.  The aggregate unverified transactions on the network are known as the mempool.  This is the data from which each miner will select their 1MB of choice, choose a nonce and hash.


anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire

Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.

I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance.
You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works.
Hope your other hobby is not rocket-science, or you could have you burned hard soon.

Model trains and coin collecting are my other hobbies, so I guess I'm safe.
Thank you for trying to explain what it is, but as I have mentioned before that doesn't help if I don't know how to do it. It would be a lot more helpful if you just said something like "it's a way of sending coins without hitting the send button live, and you do it by klicking tab so and so and type that and that and then do this and then that, done. The technical mumbo jumbo does not do it for me, sorry but thanks for trying. As I said before, we just don't speak the same language.

try
bitcoin.org
the basics of everything


asking questions on a technical board will get you technical answers


949  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2018, 08:34:53 AM
We need our own Bitcoin Exchange. Our legal entity must be set on a Moon (yes we said we are going to then moon, what are we waiting for?) site.
Then no petty government shall come and shut down our exchange. If somebody picks the idea that would be great.


decentralized exchange
950  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 10, 2018, 10:31:21 AM
Bitcoins dead

flatline imminent

https://99bitcoins.com/bitcoinobituaries/



951  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 10, 2018, 08:40:54 AM
Just seen a thread on Facebook: "Soros invested $100 billion in blockchain - get out now". There is a huge market manipulation going on, maybe he is the man behind it.

What blockchain?

Ripple

soros is under house arrest, you must be reading fake news
952  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 10, 2018, 06:42:49 AM
Good day gentlemen. I would like to bring your attention to this novel and innovative chart that has surely never been seen before on this forum:


Do you think that, perhaps, it might have some relevance to our current situation?


You are in the bitcoin thread, so probably it is not applicable - even though I have seen it a zillion times before (approximately).
No such number  Grin

O.k.  I probably was referring to a gazillion, then....  Tongue  


All, I can recall is that it has been a really BIG number of times.


Yeah we used that image for the 2013 Mtgox Bubble when it hit $250USD dumped to $60USD
953  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2018, 10:01:56 PM
BIG BLOCKER nutjobs REEEEEEEEE!
Suggest a better (implementable in the real world) alternative for getting more throughput. Any of you.

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." -- Benjamin Franklin

Just replace Safety with Throughput.

Be patient, people! The scaling problem will be solved, and it will be solved in the right way, and for the long term. Nobody wants a temporary "patch" that requires a hard fork and compromises decentralization. When there are valid reasons to increase the block size, it will be done.
Except that's not even an analogy, that's just replacing one word with another in an unrelated sentence.

Also define "valid reason". We dislike sophism around here.

It's not a sophism. The key word here is "liberty". Are you willing to compromise Bitcoin's decentralization by HARD-FORKING it to a bigger block size, so that you can buy your coffee at Starbucks and keep a permanent record of it in the blockchain? Bitcoin's enemies will still exist, and will still spam the network. Then what? Increase the block size even more, to accumulate more garbage? Another hard fork? Where does it end?

What's needed is a solution that is inherently scalable by design, such as the Lightning Network (or better ones that will surely come). It just doesn't make sense to do a hard fork that merely alleviates the problem temporarily while compromising decentralization, when a much more elegant solution does exist, has already been tested and is almost ready to implement. After LN is implemented, there may be a need for a moderate increase in block size. That's the "valid reason" you are asking. A reason that comes from scientific method, not from a thoughtless "bigger is better" mentality.

The blockchain simply cannot hold every little insignificant transaction that is ever made. It is a waste of resources and totally inefficient. Back in the days when transaction volume was low/moderate, this could be tolerated. Not anymore. Have you kept every little note you've ever made in every little piece of paper since you were born? Do you keep all the shopping lists you make every time you go to the supermarket in a log book for future reference? Should every blackboard on every classroom be made to permanently preserve everything that's written on it?

There has to be a garbage collection mechanism in Bitcoin. We've reached a point where the garbage has become too much for the network to keep storing. The solution is NOT to make more room for even more garbage, but to find a way to destroy them and keep them out of the network. That's what LN does. Thousands of "coffee-sized" transactions aggregated to a single transaction that only takes a small fraction of a block instead of flooding the network. No loss of significance of information, because such information is not significant. No hard fork needed! Want to do an important transaction on-chain? You can, just like today. And you will pay much less fees than today, because LN will free the network from all those millions of petty cash transactions that would otherwise flood it.

Sorry for the long post. It just infuriates me when people fail to see the moon and keep staring at the finger pointing to it...
I have yet to see anyone explain how increasing the blocksize increases centralization. It seems to be some idea that just took hold and that everyone believes in, because they believe in it.

And it doesn't end. There will always be a need for improvements because there will always be competitors ready to take over if we stagnate. stagnation is death.

Lightning requires segwit. Which is to say, it will be as worthless as segwit is.

When a small group can change the narrative and code, it can then happen anytime - centralize to gain control

1) Find a talking point that is critical to the object in question
2) Promote Fear
3) Provide alternative
4) Go ahead with alternative
5) All the while more fear

blocksize debate has been going on for 7 years




same tool is used to legalize

spying on you
monitor money transactions
mandatory vaccines
etc etc etc

nearly everything you do there is a law because of fear

classic socialism


it is not the better alternative that is the narrative

the fear is the narrative (busted)




954  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2018, 11:56:10 AM



http://investmentwatchblog.com/4-industries-that-will-be-completely-disrupted-by-the-blockchain/

luv this article, my dream
955  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2018, 11:30:40 AM
dump cripplecorebitshitcoin for the real bitcoin (BCH)

You. Fuck off. Out.

Go suck Roger Vers dick elsewhere, soyboy.


Like a recurring nightmare bcash, bcash, bcash

956  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2018, 09:27:54 AM



957  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2018, 09:20:46 AM
Serious question - do you think Dr Craig S Wright is Satoshi?

Peter - if you are reading this I'm also interested in your view as well.


I think JayJuanGee is most likely Satoshi and is trolling us all.

I second that
958  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2018, 10:32:27 PM


Find the transaction ID and use an accelerator  - problem fixed.

I wonder how many new users actually know what these concepts mean...

Talk about a huge growth field...cryptocurrency education...hmmm.

There is what any aspiring business person should be doing with bitcoin - because bitcoin is built, tested and workable as is.

evolving the tech for everyday users - decentralize emails, privacy, messaging, currency, social network etc etc etc

check it , come use "mywallet",  it has these great features for you to use with your coins (e.g. Trezor)

web 3.0 they wont even know they are using bitcoin
959  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2018, 08:13:48 PM
...I'm betting Roger Ver stepping back onto US soil is a disaster waiting to happen for him.

As I understand, he has tried on several occasions, but he is always denied a visa.

It's like you guys think he's Dr. Evil or something.  He was here in November for God's sake.  Here's a picture we took together at SFO airport as "proof."  Roger is a great human being and an awesome ally of Bitcoin.


No, its just that all you guys are misplaced. You are wrong about the nature and situation with Bitcoin. Your solutions are not the best ones. You have let emotion and short sightedness direct you away from a coherent long term strategy. And now you shill an altcoin that isn't even as good as Litecoin.

Bing-freaking-o.



I tell ya a secret!   sssshhhhhh!!!  

its the bitcoin network - the  biggest, slowest, trusted, transparent, decentralized network in the world

Shits all over web 2.0 and will destroy every app out there if they do not adopt the blockchain

decentralised email/messaging
decentralised file and file sharing
decentralised privacy

you own it, you share it, how you want it,

Web 3.0 here we come



960  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2018, 07:31:50 PM
@_Kevin_Pham
32m32 minutes ago

Bitcoin started the hard fork trend, soon the world will follow.

Cities/States will secede from the US so they can follow protocol rules that suit their local the best.

This will result in governance experimentation, competition, and evolution at pace never seen before.
0 replies 4 retweets 27 likes


decentralize it all
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