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1  Bitcoin / Bitcoin Discussion / Re: Why do you call BCC/BCH a fork ? on: August 01, 2017, 08:54:10 AM
I understand BCC/BCH is similar to lumen (but 1:1 ratio based airdrop). [
BCC/BCH is just an altcoin is being created with air drop plans based on snap shot of blockchain as of August 1st 2017 12:20 UTC.

It's not though.

BCH keeps the entire Bitcoin transaction history and simply diverges from the Bitcoin blockchain by introducing blocks with a different ruleset after the 12:20 UTC. This is exactly the definition of a fork. A BCH full node will be able to verify the entire transaction history from Satoshi's Genesis block to the present. The ruleset it will check will change from time to time, including a change after 12:20 UTC on August 1st.

Quote
Why big hype on BCC/BCH and how they will survive 51% attack ?
There's nothing preventing a large Bitcoin miner from 51% attacking BCH. It'll cost them a considerable amount of money in lost mining income, so I guess that's what the BCH folks are banking on.
2  Bitcoin / Bitcoin Discussion / Re: newbie question regarding Bitcoin split on: July 31, 2017, 01:40:51 PM
Question, tell me please if there will be bitcoin split for example is the difficulty of the mining should be changed?
part of difficulty is based on how much hashrate is mining bitcoin or in other words how many miners.
if it splits and the splitted chain (BCC in this case) will obviously won't have enough miners on it. the difficulty will stay the same at first but after reaching the difficulty adjustment block (which is every 2016 block) it will be readjusted) and comes down.
...

BCC's difficulty will be adjusted quicker:

Quote
Forking rule:
“REQ-7 Difficulty adjustement in case of hashrate drop

In case the MTP of the tip of the chain is 12h or more after the MTP 6 block before the tip, the proof of work target is increased by a quarter, or 25%, which corresponds to a difficulty reduction of 20% .

RATIONALE: The hashrate supporting the chain is dependent on market price and hard to predict. In order to make sure the chain remains viable no matter what difficulty needs to adjust down in case of abrupt hashrate drop.”

There are 2 issues with this adjustment-algorithm:

First, it only compared the most recent block with the one 6 blocks before that. So if there's no BCC block mined yet, then the difficulty won't be adjusted. This means that if only a small fraction of the miners switch to BCC, then it will take a long time to find this first block (1% of mining power -> 16 hours on average).

Second, this algorithm doesn't adjust the difficulty further down once a rate of 6 blocks in 12 hours has been achieved. Neglecting variance, that means that when the average over the last 6 blocks hits 2 hours per block, the most recent block took about 1 hour. At that point this form of difficulty adjustment stops and the coin will be moving forward at 1 block per hour until the next difficulty adjustment, which will be somewhere between 1 and 2 months later.

This first issue is only relevant if mining support is very small, but the second issue is relevant in almost every realistic scenario. The chance is extremely high that under these adjustment rules, BCC blocks will be moving very slowly for a considerable amount of times. This will disincentivize miners and users from supporting the chain and it may ultimately doom it.
3  Economy / Exchanges / Re: Kraken API: "ValueError: No JSON object could be decoded" on: July 30, 2017, 07:55:15 AM
Un-fucking-believable that Kraken would actually return the error to you instead of a regular plain 400 or 500 error.


They actually returned a Python exception to you?

No, the Python errors shown are from the client-side. Kraken typically returns a JSON with the appropriate error message if something goes wrong.

@OP: It seems that something in the response message doesn't parse correctly in the JSON decoder. So take a look at the raw response message, not the Python error message, (or post it here) to see what's going on.
4  Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH on: July 24, 2017, 08:38:02 PM
Any news on when the new trading engine is coming online? Because the current one simply won't do anymore. It often takes several minutes to execute a market order, even when there's not much going on. For active trading, Kraken has become unusable in its current state.

Sorry, but I don't have any news to share at this time on the launch date for the new trade engine.

Would there at least be an option to implement some temporary stopgap measures until the new engine is ready? For example a minimum order size to cut down on the total number of orders the engine has to handle.
5  Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH on: July 22, 2017, 07:56:49 AM
Any news on when the new trading engine is coming online? Because the current one simply won't do anymore. It often takes several minutes to execute a market order, even when there's not much going on. For active trading, Kraken has become unusable in its current state.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: USDT vs USD on: July 02, 2017, 12:01:56 PM
USDT is a crypto-token issued by a company that advertises with a 1:1 peg to the Dollar, but has no means to make good on this (they lack usable banking partners just like Bitfinex) and they explicitly reject any guarantees in their terms of service.

USDT is reasonably stable around $1, so it can be used as a temporary way to get out of crypto or to transfer funds between exchanges, but don't rely on it keeping its value.
7  Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH on: May 24, 2017, 06:06:07 PM
You reported similar behavior, yes, but that doesn't necessarily mean it's the same cause. What I'm saying is that this is the first time I've heard about this particular cause of price spikes from our developers. That doesn't mean it hasn't been around for a long time, I'm just saying I'm not sure how long it's been around since this is the first I've heard of this cause (again, cause, not the behavior). We've had other issues in the past that have caused similar spikes (like the bid>ask issue that has been discussed here before). Probably the behavior you saw 3 years ago was from the bid>ask issue.

Hi,

Just to clarify can I set Stop Loss <= Market order for example to sell during large dips safely? I'm now paranoid about setting them and walking away but finding them triggered due to the spikes. The graph glitches are annoying but I can put up with those.

I'd really like to be able to go to sleep in the knowledge that I can see some return. Being in the UK the real activity is invariably when I should be asleep!

It appears that the spikes aren't triggering stop losses (which is good, because it would be crazy otherwise, now the situation is rather limited except for messed up charts). So any stop loss you place should only be triggered by actual price-movements.
8  Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH on: May 24, 2017, 11:47:46 AM
It's the first time I've heard of this particular issue, so I'm not sure how long it's been an issue, but the frequency of it right now is probably related to the current very high volume.

I reported this particular issue more than 3 years ago: https://bitcointalk.org/index.php?topic=290799.msg4376913#msg4376913

There have been other reports as well, scattered throughout the thread, so it may have been known for even longer. It used to happen quite rarely, once every few weeks or even less frequently. I suppose that the uptick in these incidents is due to the increased volume. But the issue itself is far from new.

edit: Reading further, it seems that Serpens66 spotted it a month before me as well. Also, you reported in Jan 2014 that you would be looking into it Smiley
9  Bitcoin / Project Development / Re: International Bitcoin Day on: March 22, 2015, 09:35:35 PM
Which day it should be is obvious, the 3rd of january, the anniversary of the Genesis block and the de-facto birth of the blockchain.
10  Bitcoin / Bitcoin Discussion / Re: Attack: if I change the genesis block. on: March 14, 2015, 07:29:53 AM
Is this where a 51% attack could make this plausible? 1 person broadcasting a block to the network would immediately be rejected but if 5100/10000(for example) broadcast the same fabricated block, this could fool the system, correct?

No. Legitimate nodes will never accept a block that is considered invalid, regardless of how many nodes are broadcasting it. In your example, the attacking nodes would form a separate fork and the legit nodes would just carry on with the original blockchain.
11  Other / Politics & Society / Re: Feds fight 'maternity tourism' with raids on California 'maternity hotels' on: March 05, 2015, 06:14:32 AM
How about they completely eliminate maternity tourism by abolishing the ridiculous jus soli policy. Grant citizenship at birth only if at least one of the parents is a citizen, like most countries do.
12  Economy / Economics / Re: If arbitrage is so significant then why is BTCe always lower? on: March 02, 2015, 04:31:58 PM
Arbitrage is generally not really possible due to "delays". Even when Gox had a "huge difference" people didn't make money from that.


Delays are irrelevant. You keep fiat on the exchange with the lower price and coins in the higher exchange. When the price difference is sufficient, you perform the buy and sell trades at the same time. Afterwards you deposit and withdraw where needed to settle the balances. If you're waiting for coins to transfer before making the second leg of an arbitrage trade, then you're doing it wrong.

Anyway, if the price on btc-e is consistently lower, then apparently depositing fiat is slow, unreliable or expensive.
13  Bitcoin / Bitcoin Technical Support / Re: Html. API info pull on: March 01, 2015, 10:29:57 PM
No.

HTML is a language for website structure and layout, it doesn't provide features for interactivity. For that, you need to use a scripting language such as JavaScript (client side) or PHP (server side).
14  Economy / Web Wallets / Re: BlockChain Problem on: February 25, 2015, 06:05:53 PM
The problem is mentioned right there in the screenshot: Your funds are still pending confirmation. You've probably received the 2.5 BTC very recently on this account and the transaction hasn't been confirmed yet.

If the sender included the proper transaction fee, it should be done within an hour. If no fee was included, it might take up to one or two days.
15  Bitcoin / Bitcoin Technical Support / Re: hello . how BitcoinCore crashing my computer to reinstall? on: February 24, 2015, 07:00:16 PM
Il y a un forum Francais sur Bitcointalk: https://bitcointalk.org/index.php?board=13.0
16  Economy / Service Discussion / Re: Is there a way to set a stop-loss order based on BTC price? on: February 15, 2015, 07:57:09 PM
Some exchanges have order-types that allow you to do that. Kraken, for example, has a "Stop" order that does exactly what you want. There might be other exchanges with the same features, but since I don't know any, I'll let someone else name them Smiley
17  Bitcoin / Bitcoin Discussion / Re: "What does in mean in practice that bitcoin and blockchain are separated?" on: February 15, 2015, 06:32:27 PM
I think it means that bitcoin is just a digital currency. But its the blockchain, that makes it unique and different from all the other digital currencies. its special because of blockchain,

They're hard to separate though. Securing the blockchain (mining) isn't free and miners have to be rewarded for their efforts in some way. The most obvious way to do so is to issue tokens to the miners that can be transacted through this blockchain. Without a reward for mining, the security of the system is at risk.
18  Economy / Service Discussion / Re: Where are the trustless or mostly trustless exchanges? on: February 15, 2015, 04:39:33 PM
coinbase is probably your best bet

Except that it isn't, because Coinbase is far from trustless and can run with the money / get hacked just like Gox / BTER.
19  Other / Beginners & Help / Re: Linux clients that don't need to download gigs of the blockchain? on: February 14, 2015, 09:06:24 PM
Bitcoin.org has an overview of various clients: https://bitcoin.org/en/choose-your-wallet (select Linux as your OS).
20  Economy / Exchanges / Re: WARNING! 40 000 USD was stolen fom BTC-e.com account! on: February 14, 2015, 10:03:28 AM
So you had $40K in your account and you didn't even set up 2FA?

Without 2FA there are so many ways an attacker can obtain your password.
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