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9521  Economy / Speculation / Re: what's dragging the bitcoin price down? on: May 10, 2018, 01:48:56 PM
To me it will only make sense that the stock market will influence the Bitcoin price, if some of these investors are dabbling with some Crypto currency trades on the side. There has been rumors that a lot of these guys are trading Crypto currencies, but they are not openly admitting to it.  They are mostly using their own private funds and not institutional capital at this moment, because it is not allowed yet. Well, apart from the traders that are trading Bitcoin futures, that is.  Grin

I am quite confident that Bitcoin trading on Wall Street will be in our near future.  Wink

 
9522  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto can be less volatile than gold? on: May 10, 2018, 01:41:03 PM
The reason why the Bitcoin price is so volatile is because the bitcoins are not evenly distributed to a lot of people. You still get a few "Whales" with loads of coins that can manipulate the price. When coins are distributed more evenly, these "Whales" will have less coins to dump on markets or less fiat to buy big amounts of coins.

So you will have a much less volatile price movement in theory on the exchanges, because more people are influencing the price and not only a small group of individuals with a lot of coins/fiat.  
9523  Bitcoin / Bitcoin Discussion / Re: DECENTRALIZED OR CENTRALIZED? on: May 10, 2018, 01:24:05 PM
The technology behind Bitcoin is still decentralized, but many people use centralized services like Exchanges and Wallet providers to interact with it. This makes the use case centralized and this is not good for Bitcoin. Why develop a decentralized technology, if you are going to use it in a centralized way?

Most problems occur when services are centralized, so we should start to promote that. Ask your merchant if you can pay directly to a Bitcoin address and not via payment processors or exchanges. 
9524  Bitcoin / Press / Re: [2018-05-08] Billionaire Mike Novogratz Says ‘Bitcoin Core is BTC’ on: May 09, 2018, 07:01:53 AM
You cannot blame people like Roger Ver and his fanboys, when they resort to playground tactics like this, they executed a plan to misrepresent Bitcoin Cash as the original Bitcoin and then people from Bitcoin <BTC> started to sabotage that tactic, by calling it BCash. Their whole tactic is focussed around the name and the domains they hijacked to execute this hostile takeover from Bitcoin.

When people started to mess with the name, by calling it BCash and effectively nullifying the tactic to confuse people, then Roger Ver and his fan club, decided to rename Bitcoin <BTC> too. This is just grownup people acting like children. <Name calling and Tit for Tat>  Roll Eyes
9525  Bitcoin / Development & Technical Discussion / Re: How/Why to trust Anonymous Developers and code? on: May 09, 2018, 06:30:28 AM
There should always be reputable developers that are not anonymous, that would be involved in the Peer review process. People will not trust the code, if there are not some reputable people in the Open Source community that are putting their reputation on the line to vouch for the integrity and security of the code, during this Peer review process.

I will not trust any code, when anonymous developers were the only people involved with the Peer review process. Satoshi's protocol was vouched for by people like Gavin and Nick and Finney, who were willing to put their reputation on the line to vouch for that code.  Wink
9526  Economy / Economics / Re: Any ideas of what we lack in crypto world? on: May 09, 2018, 06:13:09 AM
Into the second page and almost 40 comments and suggestions made, yet no one sees "Lack of Regulation" as a problem for cryptocurrency?

Damn! What an oversight.


I think there should be mandatory KYC policy now to provide a bit of regulation that can help keep crypto scams and frauds at bay.

No, No, No. We already have enough government interference. They want to get their little claws into every aspect of our lives and Bitcoin and other Crypto currencies was designed to reduce their impact on our lives. Bitcoin was made borderless and pseudo anonymous to give people more financial freedom, not to restrict it.

Why do you have to ask permission to move your wealth to another country? Why do the government need to know what you spend your money on? <Hookers / Booze / Lingerie for your 10 girlfriends?>

We will never be free from this "Police State" mentality, if we offer all our freedoms to them on a platter.
9527  Economy / Economics / Re: Feeling bitter in banks? on: May 09, 2018, 06:00:58 AM
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I read that banks are paying 1.3% interest p.a for savings account ??

I have read that these Banks are giving Billions of Dollars to Sport sponsorships. That interest could have been 10%, but they prefer to give large amounts of money to charities and sport sponsorship. Why? Well, because they get tax money from the tax payer or they pay less taxes on their profits, when they do that.

https://www.statista.com/statistics/619735/us-sports-sponsorship-spending-banks/

This in turn, increase the profits for their shareholders.  Roll Eyes
9528  Bitcoin / Bitcoin Discussion / Re: Bed news of Bitcoin on: May 09, 2018, 05:42:18 AM
When people like Warren Buffett and Bill Gates and those guys make these statements, then you know that they or their friends are shorting Bitcoin. They know these types of comments will hurt the price and that would be beneficial for the "friends" that are shorting Bitcoin. <Like Jamie Dimon and his daughter - He smack talk Bitcoin and his daughter is buying all the cheap coins in the fallout.>  Roll Eyes

I am not worried about these guys, because most of them beg, borrowed and stole their way to the top. They could care less about the people they are stepping on, just as long as they remain the richest MOFOs in town.  Roll Eyes
9529  Economy / Economics / Re: Bitcoin Sees Wall Street Warm to Trading Virtual Currency on: May 09, 2018, 05:33:24 AM
I think institutional capital will just bring bigger volatility in the price. Currently we have a few long-term hoarders and Whales with good intentions <They will responsibly manipulate prices, because they have a long-term vision for the technology>, but on the other hand we have reckless speculators on Wall Street with access to large amounts of Fiat to buy enough bitcoins to disrupt the whole market and possibly the technology.

They will be using other people's money to pump and dump on a very large scale. This is the dangerous side of this, because they are doing this for short-term profits and they could care less for the technology.  Angry
9530  Economy / Economics / Re: tax for a safer crypto environment on: May 08, 2018, 11:28:59 AM
It is a very bad idea. Governments have a very bad habit to implement taxes on certain things and then that tax income are then re-channelled to something else. You will for instance get a new tax on "sugar" for instance and that tax will go into the regulation of the "sugar" intake of people to prevent obesity.

After a year or two, you will find that the government needed funds to repair the roads and that the collective income from taxes, went to the repair of the roads and not to it's intended purpose. The same thing will happen to "Crypto" taxes.  Roll Eyes
9531  Bitcoin / Project Development / Re: Lottery project [zola.fun] on: May 08, 2018, 07:08:52 AM
Thank you guys!  Grin
we are currently developing the membership and referrer system, and we will give some free tokens later. Which way do you think is better? using faucet or based on registration?

Thanks!

I will definitely opt for the registration, because you want to gather as much information as possible from your users. This way, you can interact with them and send them emails of latest updates and also reward programs. This could even reduce the influence from some of these bots that are killing most of these faucets.

Good luck with the project, because most of these Lottery projects has a hard time to convince people that it is provably fair.  Roll Eyes
9532  Bitcoin / Development & Technical Discussion / Re: How can I manually decrypt or Crak Key in Electrum to get BCH? on: May 08, 2018, 06:59:26 AM

Go to Wallet -> Private keys -> Export
Enter your password to get your private keys and matching addresses in plaintext json or csv format.

You said you created a new wallet, was it in the same Electrum?
maybe you're exporting the private keys of the new wallet instead of the old.
To change wallets in Electrum, click the file tab then click open, select a different wallet file from the list, and try again.

Just remember the golden rule when you do this. Once the Private Keys are exported and entered onto some wallet service, then it is regarded by many people to be "exploited" and not to be used again. Even the plaintext json or csv file leave traces on your hard drive, so be prepared to create a new wallet, after you have done this.

Also, those private keys should never be thrown away, because there are many other forked coins that could be extracted from that. <Bitcoin Diamond / Bitcoin Gold etc..>
9533  Bitcoin / Press / Re: [2018-05-08] Winklevoss twin challenges bitcoin hater Bill Gates on: May 08, 2018, 06:43:49 AM
Bill Gates does not manage his own money, so he has no clue about financial instruments. If he really wanted to do that, he would have given instructions to his financial experts to do that and not act clueless, like he did. I think, he dropped a little bomb to see if his followers will risk their money to do that. <Throwing his weight around>

He has a lot of money to waste on stunts like this, but I never thought that he was the kind of guy that would play mind games like this. You do not have to manipulate people like this, to prove a point. The super rich people, using their money to talk for them.
9534  Bitcoin / Bitcoin Discussion / Re: "Bitcoin Cash is TRUE Bitcoin," Roger Ver and Calvin Ayre Declare on: May 08, 2018, 05:58:21 AM
Roger Ver and his fanboys are just playing desperate word games to survive. The real reason for all of these games are bigger profit. They will pump BCash to a ATH and then they will dump it, like they did with Bitcoin. Most of these people sold their Bitcoin <BTC> at the ATH of $18 000+ and now they want to do this again with BCash.

At some stage in the future these BCash pumpers will find some excuse to fork away from BCash and they will start pumping a new coin.  Roll Eyes
 
9535  Bitcoin / Bitcoin Discussion / Re: TWO strategies are now challenging bitcoin core on: May 08, 2018, 05:37:05 AM
thanks to roger ver and the successless trial against him

there are now two strategies to challenge bitcoin dominance

1. Creating and Propagating an Altcoin

2. Creating Another Bitcoin and Claiming the other Bitcoin is the Real Bitcoin, dening Bitcoin Cores Lead Role

you guy should beetter switch to ethereum now as the trend currently goes, you cant win this competition....

there will be bitcoin gold, bitcoin diamong, bitcoin silver etc, all trying to imitate roger vers marketing strategy.

i expect even a propaganda industry to rise that constantly creates new bitcoins and market it as the "true","real", or as ver said "legitimate" bitcoin

regards

There have been several wannabe Bitcoin forks and not one of them has come close to Bitcoin's success, no matter what strategies they try. BCash is currently trading at $1 661 USD and Bitcoin at $9 381 USD, so there is no competition.

The same thing is happening with Ethereum, because we have Ethereum Classic / Cash / Gold / Dark........  Roll Eyes


Bitcoin Diamond (BCD) is trading at $5.04 USD and Bitcoin Gold (BTG) at $74.13 USD - This is a Market Cap of only $1 259 464 261, compared to Bitcoin (BTC) at $159 880 567 374 USD.

I see nothing other than some shitcoins trying to be Bitcoin.  Roll Eyes
9536  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: May 07, 2018, 07:47:47 AM
Ok thanks for the info but I believe I have surpass this thing, I do not see anything refer to activate my bonus, there is only bonus right there. Sorry can't screenshot here because I can't access the site through my mobile somehow.

It activates automatically when the requirement % displayed in that box gets to 100%

Always problem with the time limit, is there anyway to fix this?

What problem?

Btw if I gonna use bot to claim it am I allowed to do?

Claiming a faucet with a bot is abuse which if detected will result in your account being blocked from free-rolls.
You can, of course, use a dice bot to play Hi-Lo.

What happened to the other site of wetsuit? freedogeco.in
Will freebitco.in be affected?

http://prntscr.com/jehcgi

I believe freedogeco.in is not that popular compare to freebitco.in because the amount that we can get is too small, you know doge has pretty small price on it and if you have this faucet that means it must be very little and then it is not really worth to claim it as well

freedogeco.in is very popular but the low fees on DOGE make it more of a target for abuse which is why the reward is a little lower.

I've informed wetsuit of the technical problems on freedogeco.in and I'll update when I get some news.


#TheQuin just make sure that people are not being re-directed to the domain name freedogeco.in. The official Dodge faucet for Wetsuit's site is  https://freedoge.co.in/ <Your site re-direct to a site selling puppies>

I just checked the site and it was online, but I can also report that it was offline for more than a week. Strange that nobody noticed this a lot sooner.  Huh
9537  Other / Off-topic / Re: Can doing bounty campaigns sustain the needs of a family? on: May 07, 2018, 07:34:44 AM
Do you really want to stake your family's future on something that are not guaranteed? You might signup for a scam bounty and find that they are not paying after 1 week or worst after a month. <depending on their pay schedule>

The income from these bounty campaigns or signature campaigns might differ from week to week, so you do not know what work would be paid for and what not. <They have very high requirements and if you break the rules, you might get banned or not paid for that week or month>

I would not take the risk, if that was my family.  Roll Eyes
9538  Bitcoin / Project Development / Re: Advanced Password Security - WhatPassword on: May 07, 2018, 07:25:47 AM
seems overly complex.

i heard at a security conference that in pure combination brute forcing a password that mixtures of upper lower etc do little to actually delay a break.

computers dont care whats in a password and the one factor that slows them down is length.

apparently the best password is a long one. as humans we are wired to remember phrases, pictures etc better than complex patterns so the password

iwenttothebeachwithmydogandthrewitastick

is quite a good one. no spaces so computers dont know where a word starts and stops. good luck dictionarying that. something to consider for you. id find remembering your generated passwords complex. people will write them down in a book or notepad file on their pc which defeats the security of it.

note that was in relation to complexity.

your system has pass valid for 1 minute. its overly complex for 1 minute. it could be simplier with brute force not possible in that time

What if the Bruteforce method use a database of words which it looks for within the password. So it dissect the password, by looking for words, even if there are no spaces in between? I like to replace letters with numbers, for example : P@$$w0rd43v3R {Password for ever}-- So there is no recognisable words in that password that can be extracted.

It is still readable by humans, but computers will have a hard time figuring that out.  Grin (And NO, I am not using that password, it was just an example)
9539  Bitcoin / Bitcoin Technical Support / Re: Sign a message in a p2sh segwit address. on: May 07, 2018, 07:11:54 AM
AFAIK The current version of Bitcoin core cannot sign any SegWit address.
Only Electrum and other 3rd party wallets can sign a message in a "nonstandard" way.
Means whenever the SegWit-signable update came, those signed message through Electrum can be invalid to the new standard method.
..
It is widely known in the "Stake your Bitcoin Address" Thread.


I don't think this is widely known in the  "Stake your Bitcoin Address" Thread.

Just as Sellingaccs didn't knew about it, a great part of users here doesn't know.

People are making signed messages using electrum, but they cannot be verified using any other wallet, and the method used is non-standard. I doubt more than 10% of the users in that thread know that.

I agree with the OP, electrum should advert users about it. But I doubt they will change it, and probably even when Core make a standard signature verification Electrum will keep its own verification method, just like BIP 39, as they use a completely different method to generate the recovery phrase.

Are you sure about that? I signed an address with the Electrum wallet and the receiver verified that signature with a Brainwallet tool. So I thought this was sorted out. Huh Is there something wrong with the way Electrum is doing this, because it is very important to verify the owner of the wallet, before the money is send.

Can this be manipulated?
9540  Bitcoin / Development & Technical Discussion / Re: Transactions per seconds (help to calculate) on: May 07, 2018, 06:59:44 AM
The average size for simple 1 input/output transactions definitely decreased during the years. But the amount of inputs/outputs per transaction seem to have increased, so you get the opposite effect. The spam on the network made it even worse.
By looking at a huge block like: #521564,
The average size of a 1input/1(2)output transaction didn't have that much size reduction even when SegWit address was used as input/output.
By using SegWit, the "weight" of the transaction is greatly reduced= more tx in a block, less transaction fee, not (much to) the size in 1in:1out tx scale.

And Yes, there are a lot of multiple input/output transactions now and most of them aren't SegWit (why the heck?),
but, if those tx was sent as 1input:1output, those could add more spam to the network, more unnecessary transactions.

"Batching" may not help to increase the T/Sec, but it is greatly recommended to decrease the number of pending transactions.

I think most of the tx's that were done in SegWit was people who transferred coins from old wallets to the new SegWit wallets, because the fees are much lower now. There are also much less tx's now, because most people are hoarding their coins for the big correction.  Roll Eyes

The fees on the Legacy wallets are also very low, so people have no real incentive to move to SegWit compatible wallets and I think they are waiting to see what SegWit implementation would become the standard, before they move their coins.
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