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1  Bitcoin / Bitcoin Discussion / Does Coinmarketcap (CMC) really showing us fraudulent information? on: March 25, 2018, 02:36:44 AM
I have bumped into this article lately accusing the #1 website in the cryptocurrency industry (coinmarketcap.com) that it's showing fraudulent information (on purpose) to us.

What's your take on this?
2  Other / Meta / 10 different posts which i think deserve to be given Merit. :) on: January 25, 2018, 07:25:11 PM
Here's what i got from 10 different posts which i think deserve to be given Merit. Smiley


Quotes:

1)

From: Kakmakr

technically impossible.
The process of sweeping private keys involves a transaction in the blockchain.

I think what you meant was "importing" private keys.

But all in all, one time exposure of your paper wallet's private key means that you intended to spend its balance,
so there is no need for such security measure unless the wallet you're using is unsecured too.

No it is not impossible. The scanning and encryption of the private key is done offline, to protect it from the above mentioned dangers. Nobody can visually record or snoop  your session, if this is done offline. <If they found some way to remotely connect to your desktop>

The App will have to contain some software to convert the QR Code to text <which is basically impossible to find at the moment> and also a method to encrypt&decrypt the text, before it is validated on the Blockchain, when you go online again.

technically impossible.
The process of sweeping private keys involves a transaction in the blockchain.

I think what you meant was "importing" private keys.

But all in all, one time exposure of your paper wallet's private key means that you intended to spend its balance,
so there is no need for such security measure unless the wallet you're using is unsecured too.

OP said that he wants to automatically sweep it as soon as he goes online, while having all the data encrypted, and I think the following program should work.

First, we need a digital camera to take a photo of QR code, then you connect it via USB to an offline machine, and decode the QR code from a photo to get the private key. Then you insert the address you want to sweep to, and the app creates a signed transaction with paper wallet's address as an input. Then you can transfer this signed transaction via USB or by scanning it's QR code on your phone, check that it is correct by some other software (Core, Electrum, etc.) and broadcast it.

But I'm not sure if this app is needed - it can be useful if someone is dealing with huge amounts of paper wallets, but if it's one-time only, then it's not a problem to do everything I've described step-by-step. Maybe it can be implemented as a feature in some wallet that already has a good cold storage functionality, like Electrum or Armory.

The App will reduce the risk in doing this ONLINE. You cannot have a situation where you stored coins securely for years in a paper wallet and the moment you go online to sweep it, then it is gone.

Every time I have to sweep paper wallets, I get that tightness in my ass, because you never know who is looking over your shoulder.

My long-term strategy for cold storage require me to have multiple paper wallets with small quantities. I do not want to store all my eggs in one paper wallet and every time I want to sell, I have to sweep all my coins and expose my whole hoard/private key. It just make sense to have multiple paper wallets, if you want to store bitcoins for a long time, but sometimes you have a need to use some and then you only have to sweep 1 or 2.  


2)
From: BlackPanda

Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
Yes the government of a country is free to do what they want. The government has the authority to do anything against Bitcoin, it could be bitcoin banned in a country and Bitcoin could be used legally because of a regulation that regulates Bitcoin. Some of the weaknesses that exist today are Bitcoin does not get the trust of a government. Governments are usually frightened because Bitcoin sometimes experiences negative price shocks, so this makes the basis for decisions to be made by a country's government.


3)
From: Xavofat

I presume there's no way around this, i.e. there are no mixers that charge a 0% fee?
Mixers tend to charge a flat percentage fee, but there may be an additional charge for them to send your money back to you due to BTC transaction fees.  There's also the fee of sending to the mixer as well, but from LocalBitcoins I think that should be relatively low.

One potential solution is to use Chipmixer, since there is no fee and you receive the private keys to your coins (so you can decide to set a low fee when sending your coins elsewhere).
And it's risky not using a mixer?
Depends how much you value your privacy.  

It's possible that an entity would be able to attempt blockchain analysis to link together different addresses and wallets that you own, but it's not likely unless you either have a large amount of money; are buying something illegal; or someone has a personal vendetta against you.


4)
From: MAbtc

There is already an assumed price of bcc in some market and it ranges from 100 to 200 dollArs. But that is just some speculAtion probably most bcc owners will dump everything once fork has ended. It really is just an altcoins in the market after the hardfork that i think will be in effect in a few moments. But bcc has a better feature than by so who knows what's gonna happen.

Only on ViaBTC and maybe a couple of other small Chinese exchanges. These are very illiquid futures markets, and easily manipulated. I wouldn't put too much weight on the current prices.

After the fork, if/when we see markets open on the major exchanges like Bitfinex, things could get interesting. Everyone expects everyone else to dump their BCC. If it's anything like the ETH/ETC debacle, it won't turn out as everyone expects. Wink


5)
From: Ipwich

In my opinion. The best investments depend on your ability and knowledge. Before you enter to the investment, you should always be  prepared. If you donít know your investment, there are a lot course on the Google or you can buy books, attend a seminar to improve your ability and skill. The best investment nowadays is bitcoin because the value is on the dip. Bitcoin can also buy the minor coins like bash, Ripple, and others. Good luck have fun on your investment.
There is a big risk in investing so you have to make sure you did research before risking your money to have better success rate.
So far, the best investment I can recommend is the crypto market, it's getting bigger and its still young at the moment but the development is getting better so we can expect the increase of value overtime.
That said it bugs me
According to TAT the order is from April however the wording clearly says plans of purchasing does that mean that some units have been ordered already.

PHM also has plans of purchasing 2 ASICS from BFL

Can I propose a shareholder motion to not order from BFL currently based on past history but to look at alternatives or is that too soon to propose a motion

Ordering now will in my opinion be a bad idea for investors right from the start due to the backlog and I would not want to have investors having an orderbook set for now.
http://bfl.ptz.ro/

To the questions

PHM will mine alt-coins, including, but not limited to, Litecoin, Terracoin, Freicoin and any currently profitable crypto-currency available. Our hashing power will be aimed at different coins depending on each coinís potential profitability. These coins will be sold at market to maximize their value and convert them into Bitcoin for dividend payment. Funds raised will go towards the expansion of our mining operation.

Shareholders own all PHM mining equipment. Currently, PHM is GPU-mining Litecoins at approximately 2.4Mh/s. We have an established dedicated mining room, which is properly temperature-controlled and secured.

How is potential profitability deduced and can we see the units

Buyback Rights
The issuer has the right to buy back shares at any time at a price equal to 105% of the highest price seen during trading of the previous 7 days.

The highest price over the last seven days can you explain this one a bit more seems a bit too easy to manipulate I don't want to see another Sandstorm IPO share rise/drop

With that said due diligence on page 1 completed waits for some good questions from the usual suspects ^^
Welcome to the forums an IPO already that's intense
[/quote]


6)
From: Stedsm

The reason we are in this situation is because the people who claim they are supporting Satoshi vision only care about controlling bitcoin even though they have enough money to simply not care, as soon as BCH came to life, we started to see more useless forks each few weeks. There are a lot of things that currently need development such as Schnorr, TumbleBit, MAST, LN etc. so instead of putting efforts into destroying bitcoin, they could've put their knowledge into something more useful.

If also services such as Coinbase stop saying nonsense like 'our users didn't request SegWit', that would be nice. If they only implement it, It would help the network and also help them save millions of dollars in fees for the long term but they are clearly colluding to bring bitcoin down.

Is it not possible for these developers to come ahead with a different sight? Like a blockchain summit or something? Use their knowledge, not to argue, but to decide one thing for all, upgrade just once and prove their work without debating too much? It's these exchanges and other major parts too who are doing bullshit at their end, by not accepting these upgrades or misleading people about the changes already accepted by people.


7)
From: Xester

The best way to explain it is to make a good statement rather than making a long and very technical definition that is hard for the reader to understand. So here is my explanation "  All trading is an investment but not all investment is trading". It simply means that even trading itself is considered as investment. But investment has many forms aside from just trading, it could be investment in networking, loans, business and many more.


8 )

From: tk808

Avoid, new precedent trying to be set, the more people the give in, then you'll have to give you info out for every single airdropped/bounty out there.
It's very dangerous for you to trust these non-reputable individuals with your information and for the future of cryptos as a whole, yet no one is discussing this.

You can blame Polymath for this, they don't want to work harder filter to filter puppets, so instead they want your ID.

Edit: There is probably nothing we can do to stop this, because the vast majority of people trying to do airdrops are very likely to hand over their info without a second thought. This has major repercussions, some of the worst repercussions we will see ever in crypto.

The best thing you can do if you're reading this, is to not give in to these new information whores, who are more than likely to flip your IDs on the darkweb for a profit.


9)

From: agustina2

except for lending platforms of course, what is the best thing to invest in to make massive amounts of passive income? i just found out about one project but it looks like that ship has sailed. what would you guys recommend?

There are opportunities everywhere. You just need to discover what it is because not all investments are applicable and can do by anyone. What are your preferred investments? What are your knowledge about those? Asked yourself some questions.

In cryptocurrency, where are you now? what knowledge do you gained?

Passive income is not the literal Passive Income. What I mean here? You still have to work to maintained that passive income. What are those? Like I said, explore your side. You can also consider investments outside the internet world.

Goodluck targeting that massive amounts of passive income.


10)
From: Welsh

For a lot of people if not everyone , their belief lies in reputed and "trusted" companies.
This shouldn't be the case and especially so with an authenticator.

Any particular reason why? I have been using authy and I say it is any day better than Google authenticator, for it doesn't BACK up your fucking data. Almost had a nightmare when I un-installed it by mistake, had to contact so many exchanges to remove the 2FA Undecided
I personally have never had any issues with authy.

The main reason why I wouldn't use Google authenticator or Authy is because it's not open source. There's open source alternatives which have been mentioned above which are simply better. Before you say Google authenticator is open source, the app which you download on the store is not.

Also, for their multi device feature to work, then your keys need to be stored on a server for it to work. So they certainly keep records/data. These are encrypted by the backup password you set. This is encrypted using AES and a randomly generated salt using PBKDF2. So the data is stored otherwise, it wouldn't be possible to restore access using another device.
3  Local / Pilipinas / Childboard(s) for Phlippines board? on: October 09, 2017, 03:43:46 PM
Hello mga sir!

Ano kaya kung may childboard(s) din and Philippines para po maorganize ng mabuti ang bawat topic na ipopost ng bawat bitcointalk users dito sa board na ito?
Kung ikaw, ano po ba mga childboards ang irerecommend nyo para naman may paglalagyan ng mabuti ang bawat post natin?
4  Economy / Service Discussion / What is the best campaign to join to? on: September 04, 2017, 03:10:31 AM
I just wonder what campaign is really the best campaign to join to.
5  Other / Off-topic / When will North Korea stops its nuclear missile tests? on: August 30, 2017, 11:55:51 AM
I just wonder if Kim Jong-un would ever stop its nuclear tests before each of other countries with such super weapon will launch a nuclear warhead on that country. Im sick of all the news about him testing nuclear missiles and recently had made to fly over japan before it landed to the ocean. That's clearly a grave threat to Japan putting the Japanese in panick. Hope this madness will end eventually before Trump's term or it might be the beginning of WW III.
6  Local / Pilipinas / Bitcoin self-destruct? on: August 12, 2017, 08:05:37 AM
Sa palagay ko "Yes" kasi program lang din yun gaya nung 2K bug na naencounter ng mga computers dati. Pero sana, kung mangyari man ito, sana, lahat tayo dito ay mayayaman na. Smiley
7  Local / Pilipinas / Alin po ba ang maganda gamitin between bitcoins and bank cards? on: August 10, 2017, 06:00:10 PM
Sa palagay po ninyo, ano po ba mas maganda gamiting digital payment system between bitcoins at yung bank cards gaya ng credit card/debit card for both sides of transactions as to:

1. speed;
2. reliability; and
3. security?
8  Bitcoin / Bitcoin Discussion / Do bitcoins better than bank cards like debit or credit cards? on: August 10, 2017, 05:39:07 PM
I do wonder which is really better between using these two types of digital payment system for both sides of transactions as to:

1. speed;
2. reliability; and
3. security.

9  Economy / Economics / Pros and cons of bitcoins for consumers and businessmen on: August 10, 2017, 08:06:33 AM
As worldwide cryptocurrency and digital payment system is on the rise, i just want to ask about the pros and cons of bitcoins for consumers and businessmen.

On the side of consumers, what is also the difference of using bitcoins than credit cards?
10  Local / Pilipinas / Mga Pros and Cons ng bitcoin sa mga mamimili at negosyante on: August 10, 2017, 07:49:40 AM
Sa panahon ngayon, talagang sikat na sikat na ang cryptocurrency pero gusto ko lang po malaman kung ano nga ba talaga ang mga pros and cons ng bitcoin sa mga mamimili at negosyante?

Sa side ng mamimili, ano po ba pinagkaiba ng bitcoin sa credit card?
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