As AdolfinWolf pointed out, configuring the maxconnection has nothing to do with syncing the core faster. The syncing of core relies with the faster internet connection and the faster processing speed of your computer which runs the core. The downloading needs to be speeder and that can be achieved with a faster internet connection. Once the blockchain has downloaded, the wallet needs to process other outgoing transactions which needs the memory of your computer. Probably that can be configured by changing the dbcache value in the bitcoin.conf file.

-maxconnections are used for validating the created blocks and for checking the double spending. You can increase the maxconnections to the default 25 connections (i.e 8 outgoing and 17 incoming). It would help the network more and will allow you to contribute more to the network.


That's true. But if OP uses a USB HDD, it would be painful for him to keep up with the processing as a wired HDD would process only a limited number of operations per second. @OP what do you use to store the database files and the blockchain? It is better to have the db in a internal storage rather than having them in external one.

Most of the bitcoin developers were early adopter of the tech and bitcoin. So they should probably be rich or should be more or less addicted to the technology behind it. This doesn't force the devs to move to a moneybag corporation aiming to destroy the bitcoin with less experienced developers. I was reading through a post of achow in the tech discussion highlighting the current situation of the bitcoin development. The current state of developers are people having  10 years of hands on experience in bitcoin. So any developer who helps the community for around 5-7 years would surely get on track with the development and would contribute more positively.

The major drawback with the development is that, there are lesser people who have a strong knowledge on technical aspects of the cryptocurrency and bitcoin technology. Still there are a handful of countries which doesn't even know about bitcoin but might have good developers with them. Once the technology reaches limelight and people start looking into the code (neglecting the get rich quick scheme idea), bitcoin doesn't want to just rely on only a handful of developers.

See this : https://bitcointalk.org/index.php?topic=5164699.msg51804992#msg51804992

It's not good to have the coins in exchanges all the time. If the OP is a long time investor or gonna invest more in btc, it would be better to keep the coins in a hardware wallet. It is recommended to buy coins from a exchange and shift them to a hardware wallet at the earliest.

Localbitcoins doesn't permit in-person trades, but we can buy btc with fiat. Right? (Not really sure, since I have bought only thrice during last year and haven't made a trade since then in localbitcoins). We can either compare the trust scores and deal with traders to buy bitcoin from localbtc.

I travel between 2 countries quite often where, in one country coinbase operates legally and being the opposite in another. For most of the time, I use coinbase and buy btc in the country where it is legal and use them for trading and other purposes in the other country. Probably that's why I find it much easier to buy and sell btc when I am in need  . Either OP could find a friend or someone in a place where coinbase operates or should use this forum for buying btc through paypal or skrill.

The number 434 corresponds to the area code where the Voskcoin community was first launched. After going through a series of their channels and other social media profiles they seem to be from Virginia, USA. The 434 area code corresponds to the Virginia State.

See this :

The dominance is rising strongly and the Alt market is tanking to the prices equivalent to what they were during 2016. ETH/BTC were at 0.02 only during March 2017 and when the alt market gained momentum we haven't been seeing any slow downs in the alt season since then. Not just the ETH, but other good coins like XMR and DASH have reached the state as they were during the 2016 year. After August 2016 pump in XMR, I have never seen the prices of XMR/BTC trading reaching a low of 0.007BTC per XMR. Similarly DASH had never been 0.01BTC since July 2016.

Apart from Bitcoin, I am a believer of ETH (more importantly the technology behind it) and Monero. Ethereum and Solidity collaboratively will surely help the businesses to take a new innovative way of using the blockchain and solve major real world problems. Similarly Monero's secure transactions and fungibility help us to be anonymous and gives us full control over the privacy.

Yes that's quite true and I agree with that. The 2013-14 price crashes can be due to the Mt.Gox hack and steadily people got past of it after the halving period.

1 single please. Are these singles still available or sold out?   extremely limited quantity of 34  

With your minting and packaging becoming more and more great over the years, these coins are being sold out at a very faster rate than usual. Congrats for the awesome collaboration, hope to see more like these in the coming years.

Trying out OTC trades is much more riskier than buying crypto from a reputed exchange. Legality plays a major role in carrying out such a trade in a successful way. In most of the third world countries, bitcoin is illegal and you wouldn't be able to find a trusted party to trade with. Here if you are residing in any of the countries where bitcoin is illegal you could better go with localbtc and trade with trusted individuals rather than trying out random in person traders. USA, Australia and other well developed countries have various exchanges where you can buy btc with cash. Coinbase offers various opportunities to buy btc with cash in the countries where btc is legal.

Apart from that you can even try out services which this forum offers as a whole in money exchanges. There are a lot of trusted forum individuals who sell btc for PayPal or skrill. You can try their services and start buying.

Let us keep the confusions aside and bid on this beautiful 2011 collectible. If they were probably funded, it would have become rare than casascius since casascius has used the brass coin in their earlier stages of productions before moving onto the silver ones.

1 coin @ 0.0022BTC

2 coins @ 0.0026BTC

There were 2 major price hikes in the history of bitcoin. One was the 2013 year and another was the 2017 year. Ethereum plays a major role in today's alt market since most of the shit coins are created out of ethereum network. 2013 weren't much affected with the shit coin losses since Ethereum was created only in late 2013 - early 2014. So people who came to know of the cryptocurrency market followed bitcoin and updated themselves with the tech in the later time. But the real problem started with the development of Ethereum and the formation of EEA. This was probably the reason which triggered various companies to learn a little bit of solidity code and create their coins out of thin air.

The event reached its peak by end of 2017 and probably people who came to know of cryptocurrency jumped onto alts in the verge of catching an earlier train. This fueled various companies and scammers to start their own coin. Once some of these companies collapsed, the 2017 newbies started realizing the real potential of bitcoin. This paved way for major selling in these shitcoins and the transfer of all their money to bitcoin.

Alts have the potential unless the start-ups don't scam and run away with investors money and similarly Ethereum is a good platform for bringing business into the blockchain if they are utilized in a proper way. The speculation of alts being the next bitcoin should come to an end and if that happens we would see the real potential coins which can solve the real world problems through blockchain cherishing over the period of time. People should become more educated and must have the capability of distinguishing a product based alt with a payment processing coin like btc.

Please ban Newbie Jace Lee for plagiarism and text spinning in the Beginners&Help board.

Copy :


Archived for Reference : http://archive.is/CQ6SP

Original :

The important goal of bitcoin and other cryptocurrencies is to completely eradicate the concept of a centralized party holding your funds. You don't seem to believe in yourself but on those centralized exchanges for holding your fucking funds? You are meant to use only fiat money and not the decentralized cryptocurrencies. As o_e_l_e_o pointed out the What if scenarios on exchanges, these are the way exchanges operate and they can play with your money if they need. Most of these funds which you see in the front end doesn't belong to you. The exchanges GUI just show you the balance updation and the funds are stored elsewhere.

Let me highlight my situation on an exchange vs wallets which I had experienced over this past 2 years of being in crypto. I have a huge trust on myself (securing crypto through offline wallets, hardware wallets etc) rather than relying on such third party centralized shits. On the other hand, I am holding funds of my friend in btc. The friend doesn't have much knowledge on the wallets and security and he is a investor. Whenever he needs money I transfer the btc to him and probably he traded them on cryptopia till last year. I have never allowed him to hold more funds on these exchanges and subsequently he lost around $300 in the cryptopia hack. Did those so called centralized exchanges refund my friend's money?

I still hold his funds in an offline multi-sig wallet for past 2 years and I have never lost even a single penny till now. There are multiple backups of the funds in my house and gave some in my friend's house. Even if my house is subjected to the earthquake and I die, he will have the funds and would sweep them away with his minimal knowledge on how to handle offline and hardware wallets.

If you don't trust yourself, stop using cryptocurrencies and fiat is for you. Depened on the centralized banks and governments and allow them to play with your money.

Mints from 2011 era seems to rare one. Are these the first Silver Bitcoin rounds to be ever made? Does anyone have any idea on totally how much of them were made? Casascius should have started minting their coins in the same period probably.

1@ 0.002BTC

Link to Profile: https://bitcointalk.org/index.php?action=profile;u=1564795
Bitcointalk Rank: Sr. Member
Current number of posts: 640 (Inc this)
Bitcoin Address to send the payment: bc1qp5zfymz70zdy82jlz73szrzy0wnw6zpz6fgkpx

Reporting of one-liners has been encouraged over the period of time. But should we report all the one-liner spams which are being made to increase the post count and receive pay for it?

For instance some of the signatures allow a maximum of 60 posts to be made in a one-week time. It's not really easier to reach 60 without spamming with senseless one-liners or being active for the whole day actually. Unless if the post contributes someway or the other to the discussion its good to leave the post without reporting. MODs probably expect such activity from us,the reporters. Some of the sections are very much inactive where those one-liner posts serve the purpose of a not-bad discussion taking place. If I were to report those posts and they were removed, there would be no discussion taking place. Hence, at such sections I leave those one-liner posters free to post what they think.

I have reported over 800-850 posts till now with a 100% accuracy but I don't report the one-liners which does say something useful in their post. Low value useless shits which are being made for the sole purpose of increasing the post count are meant to be reported for sure. Other than that, merit is an important criteria to prevent the account farming on a larger extent and they do serve the purpose now. As LoyceV said I have been reporting older posts until I saw the post of hilariousandco mentioning the reports don't serve the purpose and it's just waste of our time and MOD's time to clean the older posts.

Reporting one-liner spams are commonly marked as bad or either left unhandled. It's proably because MODs think these shits contribute to the discussion.  Not just this I have seen even high paying campaign participants seems to be making low effort posts in the 10-15th pages of a discussion. So, what to do with them?

Gambling Discussion? One among the shittiest sections in the whole forum which can stand as a competitor to the Altcoin Discussion.

The idea which you have proposed is more or less similar to the Monero algorithm. Once after the May 31 2022 event, 0.3 XMR/minute would be fed continuously forever into the system. As bitmover said, if there are lesser Miners the difficulty would decrease and vice versa. Similarly, we are just in the earlier stages of cryptocurrency era. As days passes, developers would come with various ideas to scale the network and include more transactions to the block. With this, the miners would never run out of the profit as if more and more transactions are added to each block the more transaction fees would be received for mining each block. I do agree transaction fees would skyrocket for each block and it is more important to note how many transactions are added to each block.

Consider like, for mining each block miners receive around 10 BTC as transaction fees where 100,000 transactions are added to each block with 0.0001 BTC being fee for each transaction. At the current rate around 2000 transactions are being added for each block. If developers find a way to reduce the transactions sizes and weight even more, we could scale somewhere around 100,000 transactions in the near future. Miners don't need any block reward to keep their mining profitable since transaction fees will do the work more effectively.

---

Apart from this changing the total supply is like disturbing the consensus which satoshi has created 9 years back. The idea for a finite supply is totally good for the network and as a whole for the cryptocurrency. Along with that, the proposed idea would lead to a unsuccessful fork of the network.

Maximum number of connections in bitcoin node was the topic which kept me rumbling over a few months back. There is some really good discussion about max connection in this topic : https://bitcointalk.org/index.php?topic=5109163.0

If you set -maxconnections=20 your node is connected to 12 incoming connections and 8 outgoing connections. The maxconnections has nothing to do with outgoing connections and it just controls how many other nodes connect to you. If you leave the -maxconnections undefined your node will allow atmost 117 other nodes to connect to you by default. That's the default limit specified in the code as TheWolf666 mentioned above. And in order for you to get the 117 incoming it takes time for other nodes to connect to you.


For most of the time, the -maxconnections will probably drop to 845 connections or similar if we are specifying -maxconnections=1000 based on your file descriptors. We can change the configuration and make the node to connect to more than 845 too but that would be too bad for the PC and I recommend not trying that out.

See this

The Price is $15671

May the force be with everyone and the strongest prediction win the game. 

You are a perfect example to a lot more people who are doing good here and contributing to the forum positively in some way or the other. Many of us have realized the true essense of this forum only at a later stage and once they were realized we have started contributing and were rewarded with merits. suchmoon and dbshck is one among the top merit senders and sources with insanely large allocation of smerits per month. If they were sending the smerits lesser, we would have been lagging by some merits as most of us would be having only limited smerits to share to others.

Though I have received majority of my merits from the Technical Board and Meta, I am not a technical guy before knowing about btc. I was not a developer nor I am no way related to the computer systems till 2016. Everything right from C++, Java, Cryptography, Data Structures, (more recently C#) was self learned in the period of 1 year through consistent learning and helping the fellow forum members. Today I am able to compile and test the bitcoin software and see to that if I can be of any help to the developer community. This forum offers various opportunities to prove what we are capable of which can not be achieved in the real world.

Congrats on achieving the Hero Rank and for the journey to the Legendary. 

I don't recall the incident where we spoke in this forum before. Did we? Or are you pointing to the Wallet name suggestion topic of yours?

That's not true, What makes you say so? I am an Indian and can read and write 4 of the major Indian Languages including Hindi. The problem is that, I have a hard time in understanding Hindi if they were written in a typical rural accent or in it's purest form. I read each and every post being made here in the Indian board and report them if I feel they are contributing spam to the board and would merit them if I feel like the post is contributing positively to the board. Till now I have reported around 600-700 posts just in the Indian board and most of the spam have been trashed by moderators.

I don't care a shit what our developing country does to the crypto as a whole. I am not a trader as majority of the Indians do nor I am a believer of get rich quick scheme as the people of India think what Bitcoin is. Most of the people lack basic knowledge about crypto and majority of us think like they are a stock market sort of shit.

I am a developer and predominantly a tester of bitcoin code to learn more about the tech and what it does to the more centralized Indian economy we are facing right now. We have localbitcoins, coindcx to buy btc and binance to trade btc for other alts and this forum to discuss about the world crypto adoption.

We as Indians are still in the initial stages of the adoption and the result is that we are still hunting for bounties in this forum through fraudulent translation spam activities. I do agree to the fact, I along with most of the other people joined this forum for bounties but later changed realising the true point of crypto. But we as majority of Indians are still hunting for shit bounties and spamming the forum. I exposed the translation spammers to trash these idiots and the result was that I was tagged by a low level shit posting Indian for scamming.

@legendster you are a great forum member who is an Indian which is hard to find. So does amishmanish,avikz,Avirunes,Joel,webtricks,Virtual Miner,r1s2g3,erikalui being one of the top notch posters of Indian Board. If I don't apply for merit source nor if I don't spend majority of my merits in this board the posts of you and other people who strive hard to help this board for betterment would never be recognizable. If I give away my merits for the Indian posts, people would be interested in joining quality discussions and certainly contribute to the board as a whole.

That's very much true. I don't think merit sources are going by the way like this but other's who have been airdropped with merits and who aren't really aware of forum policies and workings are abusing the system for sure. The 50 merit posts should be of high quality standards but at times I do see they are being rewarded for a supportive post/ for a high bid in the collectibles section too. Recently I was browsing the collectibles section, where one of the guy gave 50 merits for just a high winning bid of another member. Doesn't this seem to be stupid enough? Merits are introduced for identifying high quality posts and not for just throwing them away as a reddit upvote or a facebook like.

---

Just like the negative feedback, a demerit button will create too much drama and widespread havoc all over the forum. Meanwhile the trust actors play a very much different role in terms of merits and not just me most of them would be against the usage of a demerit button.

Let us consider an instance where a spam one-liner post was merited with 50 merits which doesn't even deserve a single merit and a demerit source as elected through a more decentralized way be demeriting them. If this continues on a larger extent, bullying and targeting of users will certainly increase and finally we would see the Meta and Reputation boards being filled with utter spam topics on demerit system. Not just this, it might severely deter the quality post being made by individuals if they are being hated by a demerit source.

For instance if a good poster who is contributing positively is on a clash with some of the demerit sources, will they be constantly demerited until they reach the negative merits? Demerits or negative merits are difficult to put in practice and wouldn't be good for the forum in longer run.