Bitcoin Forum
June 13, 2024, 08:33:06 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 »
1  Other / Beginners & Help / Re: Following offline protocals, how safe are paper wallets vs Trezor? on: March 29, 2018, 07:16:00 AM
Basically they would be equally secure if you generated the private key on an offline computer and the private key never touches the internet. Unless you generated something like an IOTA wallet ( I think they fixed that now?) where the private keys generated were not truly random. People were able to generate other's private keys again due to a bad algorithm in the address generator.

 This is pretty much the same thing as what the Trezor does internally, the hardware wallet just adds convenience.

If you are short of a hardware wallet and offline computer, do what I do and store funds in about 10 different places.

Ha, ya I have mine in like 5 different spots as well.

Quote
P.S. you mean to say protocols Smiley

You're right. Amazingly I just typed the finished version your mobile provides as your typing out to get that spelling.

Thanks again.
2  Other / Beginners & Help / Following offline protocals, how safe are paper wallets vs Trezor? on: March 29, 2018, 06:06:53 AM
When people use paper wallets like MyEtherWallet, and follow all the protocals like using a completely separate offline computer when sending transactions, then use the signature hash to verify back on the online computer for verification, how would you rate the safety of a paper wallet vs a hardware wallet like a Trezor?

Please include these protocals in your assessment as well:

  • Private key is not openly displayed on offline computer or online computer, and is hidden/ protected where it is
  • Private key is never utilized at all on online computer

Thank you.
3  Other / Beginners & Help / Re: Is there one Blockchain the entire crypto universe operates within or multiple? on: March 26, 2018, 04:50:28 PM
So do the coins, such as the ICO's created on the Ethereum network, operate on Ethereum's blockchain, such as within a sidechain I guess, or will they also create their own singular blockchain for their coin once it is established? Thank you in advance.

Ethereum tokens don't have their own blockchain, they operate and rely completely on Ethereum blockchain. These tokens are just smart contracts running on ETH blockchain. You will need to pay the tx fees/gas in ETH to send these tokens and the fee/gas will go to the ETH miner.

I see what you're saying. So actual coins, such as Monero or Dash, can't be created on Ethereum using Dapps or smart contracts and will establish their own blockchains. However, Dapps and projects that utilize tokens can be created there and are sent using the fee/ gas system like on MyEtherWallet. That's where I was getting confused, conflating both tokens and coins as a similar thing. Thank you.
4  Other / Politics & Society / Re: Terrorist kills 3 in France, he was... muslim on: March 26, 2018, 04:37:53 PM
How come each time we hear about a new terror cat, the bad guy is always a muslim?


Because the media is biased and you only hear what you want to hear? In America the majority of terror attacks and mass shootings are carried out by white people, often Christians, but the media doesn't call them terrorists because it's not part of their agenda and it probably isn't yours.

That depends on what you label mass shootings. There are shootings of multiple people on a daily basis in places like Chicago. These are not white people. These are black people. In fact, black people, who represent 15% of the population, currently commit 50% of the crime in the country. The only narrative is driven by liberals and the liberal media who are intent on demonizing white people. Seriously, the amount of people killed by black people, and the amount of people killed by these white "mass shooters" are so far apart it's laughable. The media doesn't call out these Chicago shootings, and the other prevalent areas they occur around the country, at all because it's not part of their narrative. Hell, CNN wouldn't even share the details of a black man killing on FB live months back, while every other network was showing his actual pic, because their leftist agenda certainly didn't gel with the killers description.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: France’s Finance Minister Plans ICO Regulations in Bid to Attract Crypto Startup on: March 26, 2018, 04:23:37 PM
Phew! Finally a country got in the right mindset of being called as an 'ICO' or startup hub based on cryptocurrencies. This move will definitely provoke more EU nations to change their perspective towards opening up to ICOs, making a jurisdictional framework which govern the rules of how the entire process is carried out in a hassle free method, while benefiting both the investors as well as the project.

Sadly here in the United States our politicians are all bought and paid for by the banking cartels. I won't hold my breath that the Jamie Dimon's of the banking industry will help usher in the age of digital currency until every other country has beaten us to it. Sad because we used to be at the forefront of every new innovation and discovery.  Cry
6  Other / Beginners & Help / Re: Is there one Blockchain the entire crypto universe operates within or multiple? on: March 26, 2018, 04:15:33 PM
So do the coins, such as the ICO's created on the Ethereum network, operate on Ethereum's blockchain, such as within a sidechain I guess, or will they also create their own singular blockchain for their coin once it is established? Thank you in advance.
7  Other / Meta / Re: TMAN'S guide to getting merit. on: March 26, 2018, 03:46:05 PM
I think this is more effort than most of the 3rd world shit sub posters will ever dedicate to anything. The advice itself is spot on, but if they were willing to do anything that actually took effort then they wouldn't sell their souls for penny bounty campaigns. Just my 2 cents...

Edit - Woohoo my first Merit Point thanks Jet!
8  Alternate cryptocurrencies / Altcoin Discussion / France’s Finance Minister Plans ICO Regulations in Bid to Attract Crypto Startup on: March 26, 2018, 03:32:46 PM
According to a recently published opinion piece, France’s finance minister Bruno Le Maire revealed that the country plans on creating a legal framework for initial coin offerings (ICOs) in a bid to become a leading ICO hub.

In the opinion piece, published on French website Numerama, Le Maire claims he asked former central bank official Jean-Pierre Landau to draft a proposal for a legislative framework on cryptocurrencies. In the article, he wrote:

Quote
“France has every interest in becoming the first major financial center to propose an ad hoc legislative framework for companies making an initial coin offering.”

Landau has the notorious nickname “Monsieur Bitcoin,” and was last month chosen to chair a cryptocurrency task force in France. The taskforce, as covered by CCN, is responsible for “proposing guidelines on the evolution of regulations.”

Le Maire further revealed that an action plan to be presented to the country’s government “in a few weeks” will propose seeing French market regulator Autorité des marches financiers (AMF) have the option to authorize companies to raise funds through ICOs, as long as they respect specific criteria that’s set on protecting investors.

The minister touted that blockchain technology will offer the country’s start-ups unprecedented opportunities, as they will be able to raise funds by issuing tokens. He said:

Quote
“A revolution is underway, of which bitcoin was only the precursor. The blockchain will offer new opportunities to our startups, for example with the Initial Coin Offerings (ICO) that will allow them to raise funds through ‘tokens (…)This promises to create a network of confidence without intermediaries, offers increased traceability and will boost economic efficiency.”

According to him, France has a tradition of financial innovation, and its new goal is to “enter the world of finance of the 21st century by guaranteeing all players the necessary security for their development.” In his op-ed his piece, Le Maire wrote that “[France] should not miss out on the blockchain revolution.”

The country, along with Germany, notably called for cryptocurrencies to be discussed at G20. During the summit, in Buenos Aires, Argentina Le Maire highlighted the importance of cryptocurrencies and blockchain technology. The G20 communique revealed a crackdown on cryptocurrencies may not occur, although regulation proposals are set to come by July.

https://www.ccn.com/frances-finance-minister-plans-ico-regulations-in-bid-to-attract-crypto-startups/
9  Other / Beginners & Help / Is there one Blockchain the entire crypto universe operates within or multiple? on: March 26, 2018, 03:28:34 PM
I always thought the blockchain operated within the ethereum network. I'm still learning a lot of this stuff. However, since Bitcoin was created first I'm assuming it has its own blockchain or ethereum and all Dapps operate within it or their own. I'm a bit confused.
10  Alternate cryptocurrencies / Altcoin Discussion / Russia Drafting Blockchain Legislation to Speed Up Adoption on: March 26, 2018, 09:43:17 AM
Russia’s deputy PM has revealed the government is working on a bill to establish a legal framework for blockchain development and implementation.

The Russian government is developing a regulatory framework for the full-fledged use of blocking technology and may have the draft ready within months, Deputy Prime Minister Arkady Dvorkovich told students of the Plekhanov Russian University of Economics.

Quote
“When it comes to blockchain, a regulatory framework is mandatory; not necessarily too detailed and meticulous, in order to avoid the obstacles in implementing [blockchain] projects…it has to be done as soon as possible…, we are doing it now. I hope that in the coming months, we’ll solve the legislative situation with blockchain,” Dvorkovich said.

The Digital Financial Assets bill, which touches on cryptocurrencies, was recently sent to the Duma, the lower house of Russia’s parliament. The bill was prepared by the finance ministry and Nikolai Zhuravlev of the Council of Federation. It includes provisions that require of crypto exchanges to comply with KYC procedures and tries to set a legal framework for cryptocurrencies.

Russia is one of the most active countries when it comes to blockchain projects. Currently, almost 10% of all initial coin offerings (ICOs) come from Russia, according to Icobench. In mid-December, we reported the results of a survey conducted by Waves, which showed that 27% of the respondents saw Japan as a leader at implementing blockchain in 2018, with Russia and South Korea coming next with 15% each.

Russia’s largest bank, Sberbank, participated in a successful blockchain experiment that generated the country’s first transaction using distributed ledger technology (DLT). The pilot also involved Russian firms MegaFon and MegaLabs and was carried out on the IBM platform.

In mid-October, Sberbank joined the Enterprise Ethereum Alliance (EEA) project.

However, it is not only the corporate space getting seriously involved. The government also supports the new technology, with President Vladimir Putin himself saying Russia has to be more active in adopting blockchain to avoid being “late in the race.”
11  Other / Beginners & Help / Re: Can 1 smart contract perform multiple functions or is new contract needed for... on: March 25, 2018, 11:56:54 PM
You wouldn't need to display the different themes in the contract itself. You would make your website communicate with the smart contract and then payments come in. Better explained here: https://gist.github.com/Zuchos/082b37c687c38f13a5d15e8f88579d00

It's basically a small ''tutorial'' on how to do what you are basically asking for.

Oh sweet thank you!
12  Other / Beginners & Help / Can 1 smart contract perform multiple functions or is new contract needed for... on: March 25, 2018, 07:57:18 PM
Can 1 smart contract perform multiple functions or is new contract needed for multiple tasks? For instance, let's say I built en eCommerce store that sold pre-made Wordpress Themes, a digital product. Can I setup just one smart contract that dispenses different themes at different prices or do I need a new contract for every different item, or at the very least, every different priced item? Can the contracts be set to be recurring or do they auto void after one use? I'm kind of researching a lot of this as I go so I may be ignorant in my understanding in how it all works at all and my questions may not even make sense.
13  Other / Beginners & Help / Re: When you want to paticipate a ICO, what's the most important factor you think? on: March 25, 2018, 06:54:30 PM
I can't narrow it down to juat one single factor.

One thing that should be provided is a good ICO White Paper. What I expect to find there is:

-   A clear and precise explanation about the problem that is being addressed, and the proposed solution.
- Token: utility, real need for it, volume, strategy, operational usage.
- Team: Core team profile and experience, as well as board of advisors.
- Known Investors backing ICO (commited).
- Current and foreseeable partners.
- Roadmap: Phase and delivery clearness, and associated timeframe.
- How and when funds will be used during ICO development.
- ICO type, token sale process, soft/hard caps, anti-whale caps.

Regardless, I find that other factors weigh in significantly in the ICO selection decision process:
-   Uniqueness of the idea /competitors.
-   Scope of use: A global scope of use, with a broad potential is better than a niche utility token.
-   Pre-existence of a working viable and verifiable product (instead of starting from scratch).
-   What plans are drawn for the token in the exchanges (major exchanges should be a real goal ideally).
-   Hype, size of follower base, momentum.

Even with all the above and due dilligance, there is no certainty in hitting the jackpot whatsoever, but odds may be a little more in your favour.


Really good breakdown.

I'd also like to add on my own post, that I also want to see a breakdown of the split of coins/ tokens for the community and team. No matter what the amount of coins in their hardcap, I don't want to see an excess go to the team which basically dilutes the value of the coin I'm buying. I understand they are creating the platform etc, but if I'm investing in your project I want to know my potential ROI, especially given the risk of any ICO, has a strong potential for profitability, and the team isn't dilluting the coin I am purchasing with a crazy split of team coins to ICO coins.
14  Other / Beginners & Help / Re: When you want to paticipate a ICO, what's the most important factor you think? on: March 25, 2018, 01:45:35 PM
When you want to paticipate a ICO, what's the most important factor you think? and you will take care of it.

Personally, my main factor is mainstream adoptability. Many people I see tend to think of a coin in its possibility to achieve great ROI, and how many people will want to jump on board and invest in it as well so as to drive up the price. In my opinion this is a faulty perception. You should look to see if the actual end usage of the technology the coin/ token represents is something that will be of value to the mainstream public in the future. There's already Monero for anonymity as well as a bunch of anonymous coins out the wazoo so it's almost pointless to jump into new anonymous alt coins promising this or that. Bitcoin has a monopoly on the general digital currency. Ethereum has smart contracts on lock for the most part for running ICO's and new platforms. So basically what will the new technology bring to the game that is a game changer? If it falls anywhere in the realm of the coins mentioned above then it probably won't go anywhere. We have general digital currency, we have anonymous currency, we have ICO platform, and any company can create it's own digital currency on top of those aspects. You want to find a coin that is a game changer that doesn't exist currently that these coins already have a monopoly on. That is what will have people buying that coin and send it to the moon. Beware of shiny white papers that try to make an idea seem unique when it really just falls under what currently exist in one form or another.
15  Other / Beginners & Help / Re: Spending crypto? on: March 25, 2018, 12:28:33 PM
I use Gemini coin exchange. No transfer fee in or out, and they only charge .25% (.0025 X AMOUNT) fee to buy/ sell on both Bitcoin/ Ethereum/ Lite Coin.

So if I transfer $1000 into the exchange from my bank account, buy $1000 worth of Ethereum, sell $1000 immediately after, and transfer the money back to my bank account, assuming no price fluctuations occurred, I will only pay $5 total in fees for the whole experience.

Transfer in = Free

Buy = $1000 X .0025 = $2.50

Sell = $1000 X .0025 = $2.50

Transfer out = Free

= $5
16  Other / Beginners & Help / Are people abusing the posting system with bots for bounties? on: March 25, 2018, 12:18:40 PM
Not trying to be a dick here. I was perusing the Alt Coin Announcements board on 2 different threads. One thread had a somewhat interesting concept I wanted to look into further, but I wanted to see some Q&A between the community here and their Devs. At that point there were 65 pages. I started to read the posts hoping to find some genuine questions to make sure the Devs of the alt coin knew wtf they were doing as their White Papers were somewhat vague with no road map. Well by the 15th page I gave up because every single post was nothing but "Great job!", "Great idea!", "Joined Airdrop!", " [Sic] The idea is platform good!", and so on. Even saw one person say "Great roadmap!" where none existed.

I finally went back and checked the OP posts to see he only had 2 post so probably didn't answer any questions at all, if any of the non-bot posts asked any.

I honestly wouldn't even bring this issue up, but I am sitting on Ethereum right now so I'm always looking for a new coin with a great/ unique concept, but it makes it a bit ridiculous and very time consuming to have to comb through hundreds of posts of zero value to find Q&A. If you want to look through a wide variety of the alt coins this would make it somewhat impossible.

I have a feeling it may be 1 of 2 things...

1) Bots paid for by Alt Coins through 3rd party marketing firms to hype their coins with Buzz here by keeping them at the top of the posts queue.

2) People using alt coin announcements to up one (or many) accounts post counts for rank to get higher bounties for signature bounties.

Am I off or out of line here? I just want to be able to investigate new ICO's or alt coin announcements in a more efficient way to find a good investment. One guy suggested a scraping tool, but wish there was a better way.
17  Other / Beginners & Help / Re: What will be most feasible usages for "Universal" cryptocurrencies in long run? on: March 25, 2018, 11:54:31 AM
Well, banks charge credit card fees to vendors, so if you're a vendor, it might make a little more sense for you to accept a different medium of payment, such as Bitcoin. Assuming, of course, that it's widely used and that the volatility won't get in the way. You'll probably only save a few dollars per transaction, but that piles up rather quickly. That's a more than valid use case in my opinion.

Yeah but this kind of goes to my point that these same venues like Amazon could create their own digital currency making an alt coin, that applies their platform to the specific use of creating a universal alt coin specifically for dealing with online vendors, somewhat obsolete. Sure one could argue the mom and pop online retailers might find value in this alt coin, but I would assume they would probably just accept a widely used crypto like Bitcoin since it is more universally used.


Quote
There's also the fact that you won't have to deal with chargeback fraud, which is another pro.

For online retailers like Amazon or eBay I think this would be a negative factor with the amount of illegitimate 3rd party vendors. Also, not sure how customers would feel about this in general. Having their money held hostage unless the merchant deems them innocent. Sure from a legitimate vendor's point of view your synopsis is spot on, but customers will always think of the "what if's" when buying certain products, especially high priced items.
18  Alternate cryptocurrencies / Marketplace (Altcoins) / Yahoo Japan Plans To Launch Cryptocurrency Exchange Amid FSA Crackdown on: March 25, 2018, 10:56:44 AM
Japanese crypto regulators sent crypto prices spiraling lower earlier this month when they announced a heavy-handed crackdown on seven local cryptocurrency exchanges (and ordered month-long suspensions for two more).

Quote
As CoinTelegraph reports, the Japanese Financial Services Agency (FSA) has sent “punishment notices” to seven crypto exchanges and temporarily halted the activities of two more after a round of inspections prompted by January’s Coincheck hack, CNBC reports Thursday, March 8.

The FSA issued business improvement orders for a lack of “the proper and required internal control systems” to seven exchanges, including Coincheck, which was specifically cited as lacking a system for preventing money laundering and the financing of terrorism.

The crackdown followed a historic theft of more than $500 million of NEM tokens from the Japanese exchange CoinCheck, which had been attributed to the fact that the exchange stored its customers' funds in a low-security wallet. Regulators also discovered that an employee at unlicensed exchange Bit Station had improperly accessed customers' coins.

And yesterday, the FSA warned Binance, a popular Hong Kong based exchange that was launched last year after issuing an initial coin offering, that it must either obtain a license or cease operating in Japan.

Meanwhile, in what appears to be a bid to avoid scrutiny from the FSA, Japan's 16 licensed cryptocurrency exchanges are planning to launch a self-regulatory body similar to FINRA.

Perhaps sensing an opening, Yahoo Japan is planning to launch a regulated bitcoin exchange, according to a Nikkei report published Friday. Instead of building the exchange from scratch, Yahoo Japan plans to acquire a 40% stake in BitARG Exchange Tokyo, one of the 16 licensed exchanges, and use its technology to build a new exchange, to be launched in April 2019, or later.

The shares will be purchased for 2 billion yen ($19 million) via BitARG's subsidiary YJFX, a forex trading platform.

The news had no discernible impact on crypto prices, which continued to drift lower Friday morning.

Earlier this week, Japanese officials attending the G-20 summit in Buenos Aires defended cryptocurrencies, arguing they were not a threat to broader financial stability...

Unlike so many of his peers, BOJ Governor Haruhiko Kuroda has refused to slam cryptocurrencies - instead choosing to highlight the crypto "wealth effect" which he said could have a positive impact on GDP.

Japan became the first G-10 country to adopt a comprehensive regulatory framework for cryptocurrencies last year when legislation recognizing bitcoin as money - and clearing the way for financial institutions to deal in crypto - was signed into law.

https://www.zerohedge.com/news/2018-03-23/yahoo-japan-plans-launch-cryptocurrency-exchange-amid-fsa-crackdown
19  Alternate cryptocurrencies / Altcoin Discussion / WSJ: Regulator to examine up to 100 hedge funds starting in the next few months on: March 25, 2018, 10:23:23 AM
Crypto-Focused Hedge Funds on SEC’s Radar
Regulator to examine up to 100 hedge funds starting in the next few months

WASHINGTON—The Securities and Exchange Commission is preparing to examine as many as 100 hedge funds focused on cryptocurrencies, according to a person familiar with the matter.

The initiative is separate from the dozens of enforcement investigations already under way, which largely target initial coin offerings, or digital tokens that startups offer in exchange for investments. The SEC has pushed aggressively to police the unregulated world of ICOs, saying that many token deals flout investor-protection laws.

SEC examiners could refer any red flags they observe to enforcement investigators, but the effort is principally being done to inform how the commission’s rules should address the new world of cryptocurrency investments, the person said.
The role of examiners “is to educate the commission overall about new businesses or new industries,” said Marc Elovitz, a partner at Schulte Roth & Zabel LLP who advises hedge funds. “This is a way for the SEC overall to gather information and learn about important new technology and products.”

The effort will start within the next two months, the person said. Examiners are keen to inspect whether fund managers have bought the type of assets they advertised to investors in disclosure documents. Regulators also worry about the risk of crypto assets being stolen because hackers often attempt to breach exchanges where cryptocurrencies are kept.

The SEC will also look at the accuracy of risk disclosures provided to investors, including how the documents explain the fund’s strategy of trading cryptocurrencies or tokens, the person said.

Separately, examiners have also sought information from investment advisers to retail clients about whether they are acquiring digital currencies or tokens for clients. The inquiries are being made during the course of regular exams to get a better sense of the role regulated advisers play in the market, the person said.

The SEC has identified at least 100 private fund managers whose holdings are focused on cryptocurrencies, this person said. The SEC could carry out far fewer than 100 inspections if its examiners find many funds only dabble in cryptocurrencies or they get the information they need from a sample of inspections, the person said.

While hedge funds are most likely to hold cryptocurrencies, the effort could also target private-equity firms if their funds own digital assets directly or through companies that are linked to the fast-growing cryptocurrency industry.

The SEC directly regulates managers of private funds if they oversee at least $150 million in assets in the U.S., but it has the authority to periodically inspect smaller firms as well.

According to Morgan Stanley, hedge funds invested about $2 billion in bitcoin and other cryptocurrencies in 2017. As many as 84 cryptocurrency hedge funds were launched last year.

An index of 24 cryptocurrency hedge funds from data provider HFR Inc. rose almost 3,000% in 2017, far outstripping the 8.7% average return across the global hedge-fund industry. The index is down almost 13% this year.

Some large firms and big-name investors already are involved in bitcoin. Private-equity manager Fortress Investment Group, acquired last year by SoftBank Group Corp. , has ​owned digital currencies that it said last year had a fair market value of $103 million. Horizon Kinetics LLC, a firm that manages more than $6 billion in hedge funds, mutual funds and other products and calls itself “value-oriented and “risk-averse,” has been vocal about its recent purchases of bitcoin and other cryptocurrencies.

Corrections & Amplifications

Michael Arrington, a venture capitalist and founder of technology blog TechCrunch, said the SEC subpoenaed him about an initial coin offering investment he had made. An earlier version of this article incorrectly said the SEC subpoenaed a fund he had established, citing CNBC. (March 22, 2018)

http://archive.is/oisAd
20  Alternate cryptocurrencies / Altcoin Discussion / Re: The [ANN] threads get bombarded with fluff post making it impossible to see...? on: March 24, 2018, 08:39:14 PM
Yeah, the struggle is real.
There already is a tool to simplify this task: scrape a 1000+ Bitcointalk [ANN] thread into a single highly readable HTML document for better reading and analysis. source

And i am working on a fork of this tool to improve it

Sweet, and that tool sounds awesome. Thank you for the heads up!
Pages: [1] 2 3 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!