So basically all of us know what happened to the Zimbabwean economy at around 2007, where its hyperinflationary crisis peaked.

After that period, the government seemed to take a step back along with the central bank and say that for the interests of the economy, we're just going to not issue our own currency for the time being - but rather use USD, SA rands, CNY etc. as de facto currencies.

And then, the launched bond notes, which were supposed to be notes that have a pegged value to USD at 1:1. When I initially saw that I knew it was up to no good, since it was clear what this initiative was supposed to do in terms of being a launchpad for a new national currency.

Since then they've introduced what's called "RTGS dollars" (basically Zimbabwean dollars, except they want to dissociate from the negative connation that it brings), and removed the peg of 1:1 from bond notes (surprising, huh?  )

Inflation has hit 170+% p.a. in recent days with this new currency, which is worrying since it's starting to resemble the 2007 situation all over again.

I'm interested in hearing opinions as to how the population in Zimbabwe can protect themselves given that forex is now banned essentially, and what you think the direction will be for the economy of Zimbabwe for the future.

Bitcoin has just broken $12000 on coinmarketcap. That level has been the primary resistance for around 1 week right now. Whenever the price has came close to $12k(high $11k's) the price has dropped to under $11k.



What we consolidate from the above chart is

1. Bitcoin price is slowly stabilizing from the fall.
2. $10k support is very strong, if bitcoin heads that way then it'll naturally go up as a result to pre-correction levels.
3. A move seems likely soon, either way. The price shouldn't stay within this thin bracket of $10-12k for long.

I personally think that it's a great time to buy bitcoin, because considering all of these facts, the worst that is going to happen for this and next month is bitcoin going down to a little over or around $10k and no upward momentum builds up. You would be taking a 17-20% loss if that happens.

If bitcoin does break out, however, then we shall be looking at $14k as a short term target, potentially $15k. After that though we could be looking at getting to $20k finally.

What we will have to see over the next few days is that whether this $12k level can stand the test of time. If $12k's resistance becomes support, then $15k per BTC is just a matter of time.

As we all know most exchanges will be closing all their trading activity in preparation of the 1st August event.

Is there any site on which you can still trade with existing balance(note existing balance, of course i don't expect to be able to deposit on that day) for altcoins as well as fiat $$$? If there are any, please let me know because i would like to trade on the day when it happens.

And also anyone else being bombarded with emails saying what will happen to user funds on 1st August from bitcoin accepting merchants?

Thank you all!

I have a question for all experienced bitcoin traders out there.

If you want to sell your bitcoin for paypal, can you ask someone to send as friends and family and the chargeback, and close the dispute so that they can neither open a dispute for item not as described nor as unauthorised transaction?

It makes sense becasue you're not allowed to dispute further after you open a dispute of that category, correct?

Thanks all for the help.

[regular]

OK, since there are too many fuds on the old thread, I decided to close it and open a self-mod one.
===
XC, a hot alt coin, claims that it is a trustless system and uses multisig technology to do it. See below



But I am puzzled by the fact that despite they talk like this, I don't see a single multisig address in XC nor do I see any multisig tx. As we all know, these are the central parts, if we do use this technology, we will see a lot talk about it, like in whitepaper, in thread discussions, the multisig addresses and tx are shown in the blockchain explorer etc (look at Superoicn/MammothCoin's threads, there are plenty talk on that. I can find quickly 10 multisig addresses and associated with transactions, they are currently doing alpha tests in mammothcoin network, so all the multisig addresses are for Mammothcoin, soon I expect to see for supercoinsm which is scheduled for beta tests). Can anyone show me XC's multisig addresses and their associated transactions?

This should be an easy thing to do. But since I don't see any, I doubt if the multisig is really implemented in XC. It looks more like a scam to me. Also, when I search the XC thread, I see this from someone (likely a dev of XC):



m-of-m multisig? Are you drunk? What fun will you have to have m-of-m multisig?? If one guy is bad then you want the wallet is locked forever? Do you guys understand what is a multisig address and how to use it?

It looks like this is a scam. Otherwise please show me some good examples you use in XC.

BTW, for Mammothcoin, they are testing for multisig trustless systems now, you see plenty multisig addresses and transactions there, you can even join the tests I think. There are some recordings in Mammothcoin/Supercoin's thread, for example:
http://screencast-o-matic.com/watch/c2j2IinsMO

and this is one of many multisig address with some transactions associated with it (there are plenty similar ones):
http://chainz.cryptoid.info/mamm/address.dws?bTz39geL1BR5UUdAciB8oh1F33eW1FXFcW.htm

Also they explained very clearly the concept and detailed workflow they use for the multisig trustless system:
https://bitcointalk.org/index.php?topic=736705.msg8324932#msg8324932

Can you show me similar details in XC? If it is really there

EDIT: The answer seems no, the XC dev provided two links with only regular XC addresses. People in the forum created examples of the XC multisig addresses for them   See below:

OK, for those from XC who never seen a real XC multisig address, let me show you what it is, and you can tell me if there are any exist today on the blockchain

All the one posted in the above links by synechist are regular XC addresses, they are not multisig addresses, why? because XC's multisig address starts with 4, not X.

I downloaded XC wallet, and from there in console, I created 2 multisig addresses.

I used these 3 private-public key pairs:

public key: 033942099d7fb91a51b0e2899040c36cf5337002f43b2e80ec3afe3c81cbb5a3db
private key: X35fMeU3c159SX4tWVnA7ZW7DxTyw7BCqEmt92Nw5N87kezytJSZ

public key: 02733ae45bf1d7fc5b24dcdbf54c0dd2b106a39233e65cdb47fd0fd925734f4b83
private key: X7oy79myB5WmKXAjey6oZPfo12BHmwRfD9k4rmL2oYUMdjff48NU

public key: 02307e5d3924fa8d95093ed61bfa4ecb4bf108196013ee1de466589bcf3fb212b8
private key: X2z4smxErHnkVBZnWzfPMDMNdMvD3mAnB7w7YD1BFeppf3iqUyWJ

these pairs are derived from the addresses I have. From there I created 2 addresses: 2-of-3 multisig address and 3-of-3 multisig address (though this one is of no use - just to show):

2-of-3 multisig address: 4ShqMQFoQFLBzhXDs3aJJMnDNLZ9JTrxKH
3-of-3 multisig address: 4XCmiwfQCm6gQNrW6kaXZJawLPekQGQf5o

BTW, you can make some deposits to 2-of-3 multisig address, and I can show you how to spend it. I can do a tutorial for you guys who have no ideas on what is a multisig address.

wow, thanks some138 to show us what are the real multisig addresses in XC.

From what XC's dev's post, and the "multisig" tx and address they provided in the above links, I can say that they did not understand what is a multisig, they mixed multi input/out tx with multisig? Anyway, they did not seem to implement the multisig at all. Looks like they've been cheating all the way along (consciously or unconsciously).

Multisig addresses usually start with a different letter than their regular address. For example, Bitcoin's regular address starts with "1", its multisig address starts with "3". Supercoin's regular address starts with "S", its multisig address starts with "C". Mammothcoin's regular address starts with "M", its multisig address starts with "b". etc. For XC, its regular address starts with X and multisig address starts with "4". Everyone can create a multisig address using XC client and verify yourself.

I will re-post some key posts from last thread here.

Also let me post the simple question here (will take 30 sec if you go to Mammothcoin or Supercoin for the same question):

provide us an XC multisig address that has tx associated with it, in the blockchain, so we can inspect and see what is there. This can prove you actually have the capability of multisig.

EDIT: now XC acknowledged that they don't use multisig, this has been our doubts all the way along, now confirmed by them.

https://bitcointalk.org/index.php?topic=742025.msg8386164#msg8386164
https://bitcointalk.org/index.php?topic=742025.msg8386069#msg8386069

.delete

[regular]

XC, a hot alt coin, claims that it is a trustless system and uses multisig technology to do it. See below



But I am puzzled by the fact that despite they talk like this, I don't see a single multisig address in XC nor do I see any multisig tx. As we all know, these are the central parts, if we do use this technology, we will see a lot talk about it, like in whitepaper, in thread discussions, the multisig addresses and tx are shown in the blockchain explorer etc (look at Superoicn/MammothCoin's threads, there are plenty talk on that. I can find quickly 10 multisig addresses and associated with transactions, they are currently doing alpha tests in mammothcoin network, so all the multisig addresses are for Mammothcoin, soon I expect to see for supercoinsm which is scheduled for beta tests). Can anyone show me XC's multisig addresses and their associated transactions?

This should be an easy thing to do. But since I don't see any, I doubt if the multisig is really implemented in XC. It looks more like a scam to me. Also, when I search the XC thread, I see this from someone (likely a dev of XC):



m-of-m multisig? Are you drunk? What fun will you have to have m-of-m multisig?? If one guy is bad then you want the wallet is locked forever? Do you guys understand what is a multisig address and how to use it?

It looks like this is a scam. Otherwise please show me some good examples you use in XC.

BTW, for Mammothcoin, they are testing for multisig trustless systems now, you see plenty multisig addresses and transactions there, you can even join the tests I think. There are some recordings in Mammothcoin/Supercoin's thread, for example:
http://screencast-o-matic.com/watch/c2j2IinsMO

and this is one of many multisig address with some transactions associated with it (there are plenty similar ones):
http://chainz.cryptoid.info/mamm/address.dws?bTz39geL1BR5UUdAciB8oh1F33eW1FXFcW.htm

Also they explained very clearly the concept and detailed workflow they use for the multisig trustless system:
https://bitcointalk.org/index.php?topic=736705.msg8324932#msg8324932

Can you show me similar details in XC? If it is really there

EDIT: The answer seems no, the XC dev provided two links with only regular XC addresses. People in the forum created examples of the XC multisig addresses for them   See below:

OK, for those from XC who never seen a real XC multisig address, let me show you what it is, and you can tell me if there are any exist today on the blockchain

All the one posted in the above links by synechist are regular XC addresses, they are not multisig addresses, why? because XC's multisig address starts with 4, not X.

I downloaded XC wallet, and from there in console, I created 2 multisig addresses.

I used these 3 private-public key pairs:

public key: 033942099d7fb91a51b0e2899040c36cf5337002f43b2e80ec3afe3c81cbb5a3db
private key: X35fMeU3c159SX4tWVnA7ZW7DxTyw7BCqEmt92Nw5N87kezytJSZ

public key: 02733ae45bf1d7fc5b24dcdbf54c0dd2b106a39233e65cdb47fd0fd925734f4b83
private key: X7oy79myB5WmKXAjey6oZPfo12BHmwRfD9k4rmL2oYUMdjff48NU

public key: 02307e5d3924fa8d95093ed61bfa4ecb4bf108196013ee1de466589bcf3fb212b8
private key: X2z4smxErHnkVBZnWzfPMDMNdMvD3mAnB7w7YD1BFeppf3iqUyWJ

these pairs are derived from the addresses I have. From there I created 2 addresses: 2-of-3 multisig address and 3-of-3 multisig address (though this one is of no use - just to show):

2-of-3 multisig address: 4ShqMQFoQFLBzhXDs3aJJMnDNLZ9JTrxKH
3-of-3 multisig address: 4XCmiwfQCm6gQNrW6kaXZJawLPekQGQf5o

BTW, you can make some deposits to 2-of-3 multisig address, and I can show you how to spend it. I can do a tutorial for you guys who have no ideas on what is a multisig address.

wow, thanks some138 to show us what are the real multisig addresses in XC.

From what XC's dev's post, and the "multisig" tx and address they provided in the above links, I can say that they did not understand what is a multisig, they mixed multi input/out tx with multisig? Anyway, they did not seem to implement the multisig at all. Looks like they've been cheating all the way along (consciously or unconsciously).

Multisig addresses usually start with a different letter than their regular address. For example, Bitcoin's regular address starts with "1", its multisig address starts with "3". Supercoin's regular address starts with "S", its multisig address starts with "C". Mammothcoin's regular address starts with "M", its multisig address starts with "b". etc. For XC, its regular address starts with X and multisig address starts with "4". Everyone can create a multisig address using XC client and verify yourself.

My deposits went missing, and when I tried to chat at the chatwindow, it says "Your message not sent".

What the heck is going with CoinEx.pw??

I can't connect to it, what the heck is going on?

The price of USB Erupter falls like a rock. It was 2 Bitcoins each, then 1, then 0.5, now I see 0.20BTC, even 0.17 BTC. Anyone sees lower price? It is profitable to buy at this price?