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On ETH in near future we can expect the bull market. Problems will be resolved fully. I do not recommend opening any positions in margin trading, and wait for signals from developers.
the problems will never be resolved fully. it's too darned complex and i'll bet the developers can't keep up with the new holes that keep appearing. there's definitely money to be made but i don't expect much of an actual future for it. its ideas might spawn something that actually gets the job done some say. The price of ETH depends on the actions of the big whale. |
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ETH just went below = 0.01.
that is because the bitcoin price is rising. |
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"The latest info suggests that only three companies are actively working on this project. Blockstream, Blockchain and the developer’s company, Lightning. We hope that together they will be able to create a future for micropayments in the Bitcoin economy.
In this particular article, we will lay out the fundamental principles, problems and solutions we can expect this implementation to cover and improve upon in the future. For starters, this is the technology that is going to work together with SEGWIT to bring us smart contracts for Bitcoin.
As we already know, the Bitcoin protocol is originally for transactions, usually based on previous, but pointing towards future transactions. This process is the way that transactions are ensured on the network and subsequently confirmed.
blockstream-how-sidechains-work-spotlight-01
The Lightning Network will make it possible to locally store transactions and to verify them off-chain at very low costs, by presenting inputs such as signatures that prove ownership of receiving addresses.
Just like bitcoin it also provides protection against double-spending. This means that if we take two transactions that rely on the same output, only one of them can be verified, or in layman’s terms, it means that the network doesn’t give you an opportunity to spend the same bitcoin on two different transactions.
The Lightning Network also promises to make multi-signature addresses more available for the common user. They require multiple private keys to allow access to the funds they contain. These addresses can be used for many things, from securing investments, to making sure your business partner can’t spend development money without your consent.
The conditions for access to multi-sig addresses can also be modified for any circumstance, allowing any number of people to participate in the control of the funds.
lightning-kiev-google-slides-google-chrome-2016-05-14-14-54-46
Now this is where things start to become interesting. One of the features that the Lightning Network will bring to life is Time-locks. This feature is going to give the ability to lock Bitcoin on an address until a precise moment in the future. Users are going to be able to choose between two different methods of securing their bitcoin in a time-lock.
CheckLockTimeVerify (CLTV) which locks up Bitcoin until the current time has reached a specific date and time.
CheckSequenceVerify (CSV) will lock them up based on sequence number, so they will be released when a particular amount of blocks passed.
Cryptography is applied differently to the Lightning Network, where unlike Bitcoin which is secured by the block-chain, with the Lightning Network, the security comes from unique values that are generated per transaction. This makes it possible to trade off-chain without compromising the intended state of ownership.
There are a lot of challenges when trying to understand how transactions will take place within the Lightning Network in a practical way. I feel free to speculate that this has been the struggle that has pushed back the release date on these updates for the network.
In my opinion, the Lightning Network is surely a useful addition to the crypto-economy. I believe in this because it proposes logical measures through which the quality of the network will improve, the data storage requirements on full nodes will reduce. Another major benefit is the establishment of a long-term payment system that will enable people, services, and companies to transact any amount of Bitcoin between themselves in a secure and affordable manner."
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yes there is no doubt about this that bitcoin is a safe investment and that is the reason that i have invested more than my 70% assets in bitcoin.
Its not complete safe hence the word itself mean 100% no risk if we intend to say safe. As we all know bitcoins price is too volatile and we wont know on what would be the price on the future even thinking on the price of tommorow because anytime it could rise or fall. 70% in your assets is somehow a crazy thing to do for me. The bitcoin price is quite volatile at the moment. That is becasue not many people use it, it is mainly a speculation tool. |
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I see that discussion is about safety of wallets, but i think that the topic question is about of whether investing in Bitcoin is safe. In fact, Bitcoin is still in experimental phase, so it is hard to say that it is completely safe. To be honest, at the moment, more important it is the belief that Bitcoin succeeds.  Yeah I mean a wallet is only as safe as you make it. A password protected wallet is safer than a wallet in your pocket though is what I believe. The investing is safe imo now that halving is around the corner. it is correct a digital wallet is more secure than a wallet in our pocket, a robber can rob the wallet in our pocket but they don't know about our digital wallet and so they are protected. Bitcoin is safe to use if you know what you are doing because if you do not know know what to do then I recommend you do not make use of Bitcoin. But if you know what you do and who you can trust then you should be alright. What you said is very general, it can be applied to any investment or the currencies we use at present. |
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Bitcoins are never safe and that is because of the bad security they got you know there are so many people who got still rid these days and that dont need to happen because of the bad security
So what's the main reason why are you here in this forum? You said bitcoin is not safe because its bad security, so don't store any bitcoin wallet. Oh no, just get away here in this forum because this forum is all about bitcoin, its just like you said that bitcoin is useless and not recommended to store digital currency and not recommended to use. Lol. Not every member of this forum is a believer. Some of them are trolls. They want to talke down the bitcoin price. |
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Apparently, the hard fork needed to happen. The resulting clusterfuck has revealed the true attitude toward the project the developers have, that is, this is more about profit than ideology. I'm not naive; I have bills and shit too and I understand how the world works. But these conflicts of interest are damn near criminal at this point, I hope people understand that the criticisms that some of us had with ETH didn't go away with the fork.
Fool me three.times, what's the saying for that?
Yes the fork is actually one of the best things that has happened for the original chain. Profiteer Vitalik and the corrupt Ethereum foundation had to go. It was nice of them to voluntarily step out and continue on with their own platform. If you do not like the Profiteer Vitalik and the corrupt Ethereum foundation, you can create a coin and a foundation yourself. Exactly this. ETH is the real deal. Any haters can piss off to the criminal coin ETC. They won't be missed. Fools. The problem is that the Etheruem Foundation and the Vitalik own too many ETC, they do not want to crash the price of ETC. |
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Hi,
I'm confused..
The hard fork.. Is it good or bad for the future of ethereum?
Hardfork is no good or bad. It's a matter whether it is necessary or not. If hardfork is necessary then it should implement as required. But reasoning behind this hardfork is some people worrying about. Majority of the people who voted thought the hard fork was necessary, so the hard fork happened. Otherwise, there would be no hard fork. That could be the reason why most people still support the ETH and the price is ETH is about 10 times higher than ETC. |
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you have to wait and see if you want to know if it was good or bad in the future. but for the time being you should sit back and enjoy the show or if you want to take risks you can also invest in the two chains and enjoy the pump or lose on the dump.
There are pumps about the ETC now. One guy said he is going to move his hashing power to the ETC. I guess he found out out that it is more profitable to mine ETC.... https://www.cryptocompare.com/mining/calculator/etcThat is right. It seems it is more profitable to mine the ETC. protecting the ETC is just an excuse to make profit. The ETC/ETH price is declining at the moment. Even though it is more profitable to mine ETC, when you sell, it is less profit. |
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Etherereum fork is good for me. I also sold out all my ETC to the trader/believer of the Classic. Wish them good luck.
It is very wise for you to sell. If the DAO hacker dumps his ETC, it could reduce the price of ETC quite a lot. |
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It's good because the DAO investors will get their money back. But it's also bad because now it's stigmatized as this platform that rolled back the transaction in order to save the investors' money, in which those investors were mostly from the Ethereum Foundation.
I know it's technically not a roll back but that's what people would tend to think it is.
It is a dilemma. If the "thief" or the attacker is caught before the hard fork, there is no need to do the fork. |
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Hello,
I only have 0.1 btc at the moment. Can anyone tell me how to use it to get more?
Thanx..
Trade it, you can double your bitcoin with it Trading is not good for a newbie. I will just hold it and let it grow in value. In the mean time, I will accumulate more bitcoins. |
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As of now, you may want to check out the s9 after halving. The risk is way too high rn imo, so if your electricity rates stay like that, you might want to get one. Prices might rise, but better to know you won't lose it all than to gamble on the price of BTC going up to the point where you'll make money.
Since you already have S7s, the operating cost will ensure you a slim profit over a short time, then nothing. The halving won't bump you too much, but after that, consider a newer miner. Halving will force most , if not all people with even low electricity costs to get a newer generation one just because of difficulty.
I find it very hard to speculate what will happen after the halving. I think the price of bitcoin will go down again since nobody expect it go rise again. Which could be naive but could be hard reality too. With the latter happening you may find yourself in some decent loss.. why it should go down again, it rising steady, it will increase evne more, like it was expected, this will allow miners to remain profitable the price need only to reach 700 to allow miners to remain in the game, then when the s9 will enter in play everything will be fine for them It is rising but there is no guarantee it will hold which makes it risky. Bitcoin price/ bitcoin mining depends on a lot of factors which makes it risky all the time. Suppose we halving is done and in the mean time a lot of hash has been added to the network. The holders now the halving is done and start selling again. This would create an immense selling pressure and downwards movement.. In short. One day the circumstances are profitable to very profitable. A week later you are losing money, I think the halving effect on the price has been priced in. But the block size increase from 1MB to 2MB will increase the price further. |
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Do me a favor and please change the name of the Thread from "bitocins" to *Bitcoins.
These are common mistakes done by a newbie.as long as they can create a topic,it doesnt matter to them if the tittle is wrong. Back to topic .invest your 0.1 in cloud mining site,you will earn from it daily do you really suggest investing in cloud mining sites? most of them using a ponzi system, and it also will not benefit, only invests 0.1 BTCI read many posts in the forum. Most of the posts suggest the cloud mining is not profitable for most people. |
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