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1  Economy / Services / blockchain developer looking for projects on: September 13, 2017, 10:26:02 PM
custom bitcoin and monero solutions. top 15 cs degree. incremental payments due upon completion of each iteration. can also do whatever web app bull you need. pm
2  Bitcoin / Bitcoin Discussion / Re: The reason that keeps me from investing in bitcoin on: August 13, 2017, 09:23:04 PM
the lightning network should help with small transactions. move the transactions off the chain and only add them as a batch

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you Smiley
3  Bitcoin / Bitcoin Discussion / Re: Afraid of August One? on: July 07, 2017, 09:28:03 PM
true but one counter argument is that segwit is simply a band aid to a much larger problem, and when the bitcoin network outgrows the extra space provided by segwit we will be back to where we are now with the sometimes incredibly long confirmation times and high fees. we need to find a better long term solution also
We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.
Maybe August 1st will be the biggest development of bitcoin, bitcoin will be recognized and developed in the world and grown up we should be happy about that. What people always expect it to come, because it will bring us great advantages
Activating segwit is going to be one of the biggest developments when it comes to bitcoin, it will help the network immensely by increasing the speed and reducing the costs of getting our transactions to be confirmed, this is key if bitcoin is to become a payment system used by hundreds of millions or even billions of people, it is the first step but it is a step on the right direction.
4  Bitcoin / Bitcoin Discussion / Re: Afraid of August One? on: July 07, 2017, 09:26:29 PM
The price will probably fall on august 1st but I think in the end segwit adoption will win out and everything will be fine
5  Economy / Exchanges / Re: What Exchange do you use? on: June 11, 2017, 11:48:05 PM
try out gemini, they are professionals in a sea of amateurs

Before buying my first Bitcoin, I did some research as to what would be the "best" Bitcoin Exchange for me. A number of people, books, and websites recommended Coinbase, and I eventually decided to go with them.

Now, it seems that everyone I talk to says to stay away from Coinbase (though, before so many people were recommending it). I am not that happy with their services; their limits are too low and raise too slowly. For instance, I need to spend $1,000+ in order to raise my limit via debit card, but the max I can buy per WEEK is $10 worth of Bitcoin. That is insane.

Anyway, could you guys please tell me what exchanges you use?

I even hesitate to ask because I am sure there are many people with an agenda who will simply push their exchange, and I won't end up with a good answer. But I am that a number of the replies to this post will be genuine and from people that want to help.

Thanks,

-Faj
6  Bitcoin / Development & Technical Discussion / Re: How is a bitcoin address digitally signed? on: June 11, 2017, 04:16:19 PM
signing is done using private keys, you verify the signature with the public key

I ask because this may be useful if you want the sender to attach a private message to the receiver.
Achow has answered your question on the first part. As to your second part, you can use a public key to encrypt messages but you cannot really include them in your transaction.

Of course, you can encrypt and put the message in the OP_Return of the transaction.

I was more thinking about external handling of messages, like a server service. The sender use receiver's public key to encrypt a message, and sign it by using his public key from txin address.
7  Bitcoin / Development & Technical Discussion / Re: Newbie in C++ wants deep learning on BTC and Alts on: June 11, 2017, 03:21:15 PM
try the bitcoin course from princeton on coursera. they have programming projects that will help you learn the technical parts but they are in java. can pick java up pretty quickly if you are decent at c++

I've been playing around with coding on and off without any real purpose and motivation. But now I think I have found that purpose and that to learn more about Bitcoin and altcoins on a technical level. I want to be able to gauge and find out for myself if a particular project is technically sound as they were meant to be.

I've been learning C++. But I want to also do some practical learning. If I already have the basics of C++, where can I start practicing to understand Bitcoin better aside from learning more C++?

I've seen some "make your own altcoin" threads and I thought that might be a good learning experience, but what else?
8  Economy / Exchanges / Re: Your Review for POLONIEX.com? SCAM or LEGIT? on: June 11, 2017, 02:55:09 PM
it's a well regarded exchange but you are probably best served if you move your coins to your own wallets right after buying on any exchange. you never know when corporate fraud, mismanagement etc may lose you your money on an exchange
9  Economy / Trading Discussion / Re: Arbitrage: have you ever tried and how much have you earned so far? on: June 01, 2017, 11:03:46 PM
the price of ETH is usually about 5 dollars less on gemini than it is on gdax/coinbase, not sure if it's viable but it sure seems like a good arbitrage opportunity. would like to know if someone tries it out
10  Economy / Securities / Re: Has anyone tried crowdfunding real estate? on: May 22, 2017, 09:11:42 PM
The idea is obvious: raise funds in an ICO and use them in a property buy-to-rent scheme, sharing the profit from rent using the rent money to buy back the crypto asset. Then ultimately reselling the property on the market if majority of investors votes so, and buying back the remaining coins.
The obvious problem is the trust issue: legally the property belongs to the coin issuer, (s)he could just run away with the money. But that would be the risk associated with any kind of crowdfunding, wouldn't it ?
Has anyone tried doing it? How did it go? What are the potential or real issues?

in the U.S. the investors in a real estate scheme would have to be accredited investors, which means they need at least 1 million in net worth. that's why there aren't too many of these around
11  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: May 22, 2017, 09:03:16 PM
Next stop is $200 for ethereum after what it successfully reached at $100. I do believe next milestone will be achieved much more faster than this one. Ethereum is most hot at the moment and every big investor has invested or thinking to put some percentage of money into its market to help it grow more.

I think the ETH has to consolidate for the next few months.

or not
12  Bitcoin / Bitcoin Discussion / Re: IRS Probe of Bitcoin Goes Too Far, GOP Warns on: May 22, 2017, 01:47:58 AM
The tax agency, for its part, has pointed out that only 802 Coinbase users filed a tax form related to bitcoin in 2015, which suggests large number of people have failed to declare capital gains related to bitcoin.

Capital gains tax on currency = bloody absurd.

Imagine the US dollar going through deflation for a year and the value of the US Dollar goes up - any CGT?

It's a good job I'm not an American.

if you trade the us dollar against another currency at a brokerage then yes, you would pay taxes in your example. I don't think it's the capital gains rate however
13  Bitcoin / Project Development / Payment processor on: May 20, 2017, 08:29:20 PM
What software exists to function as a bitcoin payment processor? for example on the gambling sites, is there a standard technology they are using?
14  Bitcoin / Bitcoin Discussion / Re: Monitoring WannaCry hackers' bitcoin addresses in real time on: May 19, 2017, 12:02:20 AM
WannaCry 2.0 is out and, guess what there is no killswitch anymore  Grin

If you wanna protect against such threats, check out https://bitcointalk.org/index.php?topic=1903071.msg18888453#msg18888453
Its impossible to get infected with WannaCry if you follow the whole guide

I'll tell you this for free.
1) Update your Windows to latest version
2) Get Paid antivirus like ESET
3) Have brain

And that should cover it about all...

Many institutions like NHS can't afford to update all of their systems, also there are many devices that can't be upgraded like medical equipment

Stupid reasoning on their part. Their mindset should be 'Can't afford not to upgrade'.

I bet they make a budget for it now else they get what they desereved.

I think that is kind of an immature attitude, NHS is already cash strapped. Yeah they should upgrade but they probably chose to pay the doctors first
15  Economy / Speculation / Re: Will bitcoin ever drop to $1200-$1500 on: May 18, 2017, 11:47:32 PM
Dont expect a really big correction and it all depends how much the market is going to move forward,the general perception is that the positive news keeps on coming and the days of pure speculations are over as there are solid investors in the old who are looking for the long term rather than the short term profits.

bitcoin is purely speculation
16  Bitcoin / Bitcoin Discussion / Re: What makes the bitcoin price stronger in the market? on: May 18, 2017, 11:27:19 PM
The demand and supply of the bitcoin in the market that whats make it go high and stronger in the market bitcoin users are increasing rapidly so the bitcoin demand is also increasing at a time.

This is what makes bitcoin strong in the market, one of which was high market demand, but with a limited number of products, I think in the next few years bitcoin price will be 2x the current price

Then that just also means that the demand will be 2 times more than today, which will be very great. The higher the price go, the more people are attracted to invest their money in bitcoin, so now, the only problem, I think, is the transaction, the more the user, the sliwer the transaction. More cars, more traffic.

trading on exchanges doesn't cause transactions though. the price is going so high because more and more people are just learning about bitcoin and buying into it in hopes of making money via appreciation. most of the world still does not know about bitcoin, there is still a long way until investor satuartion, when that happens there could be a massive fall though. check out the dutch "tulip mania" from the 1600s
17  Bitcoin / Bitcoin Discussion / Re: At what point will the backlog of unconfirmed transaction affect BTC price? on: May 18, 2017, 11:17:59 PM
the price is controlled by traders. many trader coins never leave the exchanges. i think the answer is that it would be surprisingly high because of that.

Exactly. If someone buys coins on say coinbase, waits a little while for price appreciation, and then sells those coins via coinbase again, there isn't any activity on the blockchain. I think most would agree that the price action is driven mostly by traders and speculators, and not so much via actual demand from transactions. As such, the price won't be affected much by the large number of unconfirmed transactions unless the it starts to scare the speculators.  I thought that would cause some people to sell but it hasn't been the case. Honestly I think it's going to be very difficult to derail the momentum that bitcoin has built up. Pretty much everyone on the planet thinks the price will keep going higher, so there's a ton of buyers even @ $1900. The trader in me says that this rally from $1000 or so is way overdone but the reality is that nothing has been able to slow it down, no one is willing to sell and many many people are willing to buy. In an environment like this I think it will  take a long while for a drawdown, but when it happens it could be spectacular
18  Bitcoin / Bitcoin Discussion / Re: Monitoring WannaCry hackers' bitcoin addresses in real time on: May 18, 2017, 10:19:01 PM
WannaCry 2.0 is out and, guess what there is no killswitch anymore  Grin

If you wanna protect against such threats, check out https://bitcointalk.org/index.php?topic=1903071.msg18888453#msg18888453
Its impossible to get infected with WannaCry if you follow the whole guide

I'll tell you this for free.
1) Update your Windows to latest version
2) Get Paid antivirus like ESET
3) Have brain

And that should cover it about all...

Many institutions like NHS can't afford to update all of their systems, also there are many devices that can't be upgraded like medical equipment
19  Bitcoin / Bitcoin Discussion / Re: 21 millions people to become millionaires are being created in public on: May 18, 2017, 09:24:53 PM
Only 21 millions people out of 7+ Billions people to become millionaires are being created in public

You've heard it right. There are currently 21 million millionaires are being created in public.

Hint: 21 million bitcoins.

a large number of coins are lost forever
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Some thoughts on bitcoin and ripple on: May 18, 2017, 12:19:21 AM
I am personally still a newbie concerning the crypto coins knowledge, especially altcoin, just have known a bit about ripple. I felt that as ripple value increase, then bitcoin will be doomed as ripple can carry the value in the real world, then we no longer need bitcoin.

Anyway just my opinion.
Ripple is LITERALLY "fiat the pseudo-crypto". It's not even a good currency and the reason that the token is worth so much is solely because of speculation now. There is next to no demand backing it in the way that it exists right now, and it doesn't matter what happens with XRP because it does not mean anything as a crypto. Anyone who believes that XRP is a "real" crypto is deluded.

I think a lot of people are just looking to anything besides bitcoin right now with the way the unconfirmed transactions are looking and no consensus on a fix. Ripple is the only one with a clear reason for people to use it besides just speculating
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