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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SEM] Semux - Official Thread - 🚀 BTC Airdrop Now 🚀 on: January 01, 2018, 12:01:10 PM
Hi,

I wasn't airdropped 20 semux for signing my bitcoin address which had 0.7 at the time of the snapshot. I verified using https://www.semux.org/btc/ and then sent it in the google form on the thread. Can you let me know what to do to claim it?

I have the same problem. https://www.semux.org/assets/bitcoin/summary.json does not seem do be updated with my signatures either.

Waiting for news on this.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO analysis demands on: January 31, 2017, 09:21:51 PM
The main problem is that ICOs are unregulated and most data can be easily manipulated.
3  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: MyMonero.com 48hrs offline on: January 12, 2017, 09:13:59 AM
Everything is fine. It is just a scheduled maintenance.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: December 23, 2016, 11:19:30 PM
BTCD rising quiet a bit. I guess that is a good sign for KMD investors. Might also be related to the ZEC uptick.
5  Economy / Services / Re: Komodo Signature and Avatar Campaign | Campaign has ended on: December 03, 2016, 06:09:26 PM
Thanks for the successful campaign!

Although I got some problems initially, everything was sorted out in the end. I think it was overall well managed and executed.
6  Economy / Services / Re: Komodo Signature and Avatar Campaign | Member - Legendary on: November 26, 2016, 05:00:01 PM
Hi, I am full member now and added avatar, I entered the rank change form days ago, but it still not updated on google doc, please update it thank you
OP can you please update my status from pending to accepted in the google spreadsheet. I now got my 25 posts.

Hi, please update me in the google spread sheet from "pending" to "accepted". I got my 25 posts and are still waiting for the spreadsheet to update. I would like to get this off my list of things to worry about.

Nothing to worry about, It's just not updated that often but we have your info. There's no way to get rejected if you just don't spam, whatever the spread sheet says 'pending' or 'accepted' is meaningless.

The spreadsheet will be updated in ~7 days.

It's the last week of our campaign! Thank you all who have participated.

I was removed from the spreadsheet. I fulfilled all requirements throughout the campaign and was ensured to get paid in the end as you assured me above. I knew something was off when I stayed pending in the spreadsheet for weeks. Luckily I got a confirmation from you in above quote.

Why was I removed from the spreadsheet? Please put me back on the spreadsheet as accepted asap and reconfirm that I will get enumerated.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: How to send abandoned Altcoins like Pandacoin etc? on: November 19, 2016, 10:44:10 PM
I was just checking out some of my older cryptocurrency i had and forgot about, today i looked at Pandacoin.

I noticed the website and blockchain are down, the wallet cannot find any active connections either.

I have 5,560,082.40 PND though and wanted to add it to an exchange, is there any way to do this still? Like adding some new nodes if they exist?

Or do Altcoins that get abandoned have no way to be sent once they fade away?

If the blockchain is down than the coin is officially dead. There is also no way to revive really in a trustworthy way as anyone can easily execute a 51% attack. So your balance is irrelevant at this point as; besides being unusable anyone could fake it.
8  Economy / Services / Re: Komodo Signature and Avatar Campaign | Member - Legendary on: November 13, 2016, 08:51:53 PM
OP can you please update my status from pending to accepted in the google spreadsheet. I now got my 25 posts.

Hi, please update me in the google spread sheet from "pending" to "accepted". I got my 25 posts and are still waiting for the spreadsheet to update. I would like to get this off my list of things to worry about.
9  Economy / Services / Re: Komodo Signature and Avatar Campaign | Member - Legendary on: November 12, 2016, 10:32:42 AM
OP can you please update my status from pending to accepted in the google spreadsheet. I now got my 25 posts.
10  Economy / Trading Discussion / Re: When do you think is a good time to start trading ? on: November 12, 2016, 10:26:06 AM
Well , let's say you made about 0.02-0.03 BTC , can you start trading ? is there any limits for trading like minimum and maximum amount ?
where you guys think is a good place to start a trade ? share your trading experiments and recommendation.
I also would like to know at which amount you guys started trading [ personal experiment ].


Edit :

Sorry, i think i posted it in wrong section, if possible mod can you move it to the right section?
Thanks

The advantage of trading with such small amounts is that you will find buyers / sellers fast and make transactions quickly. For much larger sume that can become a problem, which is why many whales having a hard time to profit in the altcoin market sub 10$ million market caps.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: about altcoin bull and bear market on: November 12, 2016, 10:21:41 AM
There hasn't really been any bull market in altcoins since 2014 (except for Ethereum).
Seriously?

How about Monero which got 20x pump a while back?

How about NEM, which got 20x too a few months ago, or SC which used to be 7 sats in January and got 170 sats a while back?

How about NAUT, STEEM, ETC, SYS, SDC, ...?

I love bitcoin, but honestly, how long does it take for you to get even a 2x profit in bitcoin land? Good investment in altcoins does that much much faster.

What is true however is that for every altcoin increasing in value, there is another falling. The only trend of the altcoin market is what share altcoins have compared to BTC. That is currently at 83.6%:
https://coinmarketcap.com/charts/#btc-percentage

You can always make profit if you pick exactly the alts that go up while avoiding the alts that go down. Very similar to the stock market, but hard to achieve.
12  Bitcoin / Development & Technical Discussion / Re: Why is ECDSA needed at all? on: November 11, 2016, 06:47:29 PM
If someone doesn't understand why mining and ECDSA signatures are part of that solution (or even what makes something a "public key" or "private key", and comes in with "Lets get rid of ECDSA and use SHA256 to prove authorized access to bitcoins!", they are wasting their own time, and the time of every person that accidentally reads their post.  I'm not going to waste time explaining all the many technical details to someone that is clearly more interested in announcing their amazing discovery than trying to learn.

I think we should give this guy a chance and proof him wrong.

This may sound silly or even genius, and I am not a big expert or cryptographer, but as I look at it, the public->private key system is 1 directional, so why do we need to use ECDSA when we could just use a SHA-256 instead or something like that. Lemme explain my theory, how we could make a blockchain without ECDSA:


  • Private key generated with RNG, then hashed with SHA256, the SHA256 hash , this would be the pubkey, and a Base58encoded checksumed version would be the bitcoin address
  • Bitcoin address and bitcoin private key included in blockchain at spending, so miners can verify the owner without the need for asymmetric cryptography, the private key would be revealed when you send money to a new address, so this way addresses will be forcibly reused, and would no longer serve as "accounts" but only as a receipt of transaction
  • The public key would be sent first ,and after 6 confirmations, the private key is sent, this would ensure that nodes/miner cant steal/double spend the coin. The pubkey gets indexed in the blockchain, after 6 confirm the private key gets indexed too ,and after another 6 confirm the transaction is finalized
  • If nodes/miners reject the public key and is not included in the blockchain, then the user would not send out the private key (the private key revelation is the finalization of the transaction)
  • The change would be sent back to the owner's change address, fee sent to miners, and the sum sent to the destination address
  • Mining protocol not affected
  • A lot of unnecessary work would be eliminated for both nodes and miners
  • More efficient cryptocurrency model
  • When you would sign a message with the address, it would automatically send the money from that address to a new address of yours, so that a message signing would still prove that you own that address, but the money need to be sent to a change address to ensure that the verifier doesnt stea it
  • Ultra secure, quantum secure, since we would no longer be constrained by a 128 bit private key, but by even a 1000 bit key by using numbers, letters, special characters to generate the private key, it would be way more secure

What do you think of my idea? Did Satoshi miss this thought?

You are saying that you would wait for 6 confirmations and then send the private key. However, anyone could just pretend to own the private key while the network cannot verify that you own the private key. This means that it did not matter how many confirmations you have waited as your transactions only becomes worthy once it can be verified (in your case once your private key is revealed).
As such, problems arise which others have described.

Scenario 1:
Mallory sends 1 BTC from Alice address. Mallory is an attacker and actually do not control Alice address (private key) but I can still make the transaction as the pub key is visible e.g. base64decode address. After 6 confirmations Mallory is doing nothing. I suppose in your example you would probably state that the transaction becomes invalid after e.g. 12 transactions without revealing the pubkey, which is fine - no funds are lost for Alice in this example, but way lay the groundwork for the next.

Scenario 2:
Alice sends 1 BTC to Bob (Transaction 1). Transaction 2: Mallory impersonates Alice (can be easily done as per Scenario 1) and send 1 BTC to himself. After 6 confirmations Alice reveals her private key. Meanwhile Mallory established a Man-In-The-Middle between Alice and himself. Mallory does not forward the private key to the network for Transaction 1, instead Mallory will forward the private key of Alice to the network for Transaction 2. Since there is no signing in you scheme this can easily be done. Mallory will continue to block Alice until e.g. 12 transactions as per Scenario 1. After this point all funds are forever lost for Alice.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: Rootstock RSK Fork on: November 08, 2016, 02:56:28 PM
If I understand correctly RSK allocates a certain percentage of mining back to dev funding. 
As I was not aware of this, could you please add a source?

I am also not aware of this. If this is true than I think a lot of Rootstock supporters would change their minds on the project. Can you please add a source?
14  Bitcoin / Development & Technical Discussion / Re: How will Bitcoin 1.0 look like? on: November 08, 2016, 02:47:11 PM
Bitcoin 1.0 probably won't happen in our lifetime.

I think it will happen in the next 15 years. I think bitcoin needs to achieve the following goals for it to happen:

  • Throughput that scales and that can exceeds Visa transactions
  • Better anonymity
  • Low cost per transaction probably less than 0.02$
  • Quantum computer resistant
  • Mining solution for Bitcoin going forward without block reward
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin or Ethereum ? on: November 08, 2016, 02:40:54 PM
To be honest. With Rootstock making such steep progress recently I wonder what benefits Ethereum will offer in the future. There seems to be a lot of support recently for rootstock and it is not an altcoin but builds directly on Bitcoin: https://twitter.com/slushcz/status/795744821717692416

I actually see a bit of an advantage for Rootstock as Bitcoin has more users and Bitcoin does not need to hard-fork if Rootstock is being attacked.
16  Bitcoin / Development & Technical Discussion / Re: How random is the last digit of a block hash really is? on: November 05, 2016, 09:04:01 PM
As per proof-of-work: Miners will need to find a hash which contains the right amount of zeros to match the difficulty. If a miner found the right hash in time but it does not match the hex number that he placed the bet one, than he can choose to not submit the block and instead continues to search for a different nonce/hash. This will likely take him on average twice as long and even then there is still a 15/16 chance that if he found a new hash that it is still not the hex number that he placed the bet on. However, meanwhile the miner risks that someone else finds the correct hash - so he is risking his block reward doing this.

The odds are entirely different if the house allows to place bets exactly until the block is announced. In this case the miner could just place a bet before announcing the block to the network. However, it is unlikely that the house would allow these last-minute bets.
17  Alternate cryptocurrencies / Mining (Altcoins) / Re: A new Chinese mining farm could have a huge impact on Bitcoin on: November 04, 2016, 03:49:16 PM
Well, this is where things seem to be going with more and more big mining companies with large upfront investment moving into the market. Somewhat the same with the internet. Look at the small players that rent cloud space - they have a very hard time to compete with the prices of larger companies. The same thing is happening in bitcoin. There are also the advantages of this. A few weeks ago bitcoin was said to be decreasing in hashing power because of the halving. This is a great investment in further supporting the network from attackers.

While centralisation seems to be a problem when this goes live by driving up difficulty. This may then also lead to a general higher costs of mining which may increase the price further and which then may make mining more lucrative. This being a free market more big players could move into mining.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: What fraction of ZCASH are now anonymous notes ? on: November 03, 2016, 08:16:11 AM
If the majority of the transactions are not anonymous than this is quite bad for the coin. The default should be anonymous transaction such that even non-technical users receive the full benefit of this technology. I hope the zcash team will fix this in the future.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the most popular Altcoin? on: November 01, 2016, 02:10:33 PM
The most popular ones are Ethereum and Litecoin because :
- they have been consistently popular by volume and market cap
- they have the widest support from wallets and exchanges

The are potential upcoming heavyweights like Monero, ZCash or Dash which all try to capture the anonymity share of the market.
20  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: November 01, 2016, 02:05:20 PM
I think that Bitcoins share in non-fiat holding is increasing faster than Golds. This is especially true in recent months given the price increases in bitcoin. Also it is seemingly becoming increasingly popular in china while there is little news about gold.
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