Question in the title.

When ETH hardforks, It is said that there will be 2 Hard Forks happening, which leads me to believe there will be ETH + ETH HF + ETH HF 2.

What will I get by owning 1 ETH, will I get one of each coin, and then have 3 coins total? Is this just like the BTC and BCH split?

Will you use LN?

If no are you implying you will only do onchain(main BTC chain) transactions?

Will you sell all of your BTC and leave?

Will to convert to altcoins and never come back?

Are you unsure?


What will you do?

Ok. I want to ask a stupid question here. As someone who has been really out of the loop on the technical side of things and I also have really no idea of the politics behind these factions... but I want to ask what is the problem with big blocks exactly.

In terms of space on harddrives I don't see it. A 4 TB HDD is like 70 dollars on sale.

I did some quick math.

Assuming a block created every 10 minutes and is the max size(which is extremely unlikely but lets go with that) 1MB or 2MB or 3MB or 4 MB or 10 MB.

10 years from now here is how much more GB is added to the total size of the blockchain


1mb blocks - 525.6 GB
2mb blocks - 1,051.2GB
3mb blocks - 1,576.8GB
4mb blocks - 2,102.4GB
10mb blocks - 5,256GB

Even with 10 MB blocks starting now and goign to 10 years out there would not be a storage issue, for the average person. The average person(western) can afford to buy a 6 TB or a little higher HDD for like 150 bucks or something, and by the time we are 10 years out a 30 TB drive will be like 100 bucks or cheaper.

Cost of internet? On average most internet companies per month charge like 60 to 100 a month and you get between 250 GB to 1,000 GB a month downloaded before they charge you an extra 10 bucks for another 100 GB.

So even under the 10MB block size on a monthly basis you are only downloading on your node 40 GB per 4 week period. (I note that this number may be higher as others point out).

How about speed of that internet? Of course it can handle it... 10MB = 80 mb(mega bits) and  in terms of speed, so to download 10MB on an average of every 10 minutes your internet speed needs to be at the minimum be able to handle 133 kbps, yes, kilobits per second, so convert to KiloBytes per second by dividing by 8 and you get 16.5 KBPS, DIAL UP IS 56 KBPS.

If you have 80mbps download you can do 600  10MB blocks in 10 minutes.


I honestly have no idea why anyone thinks big blocks are a problem, maybe if we got to 100 MB blocks and it happened in a few years, but that means almost everyone in the world would be using BTC to make 100MBblocks full every 10 minutes every day every week every year...


So what is the issue? Please lay it out for me, I have been away for awhile.  Am I missing something? Maybe poorer people cant afford to host a node is the issue? But are they hosting it now anyways, probably not...

Please note I did edit some things as I realized I did not word some things correctly and some things were exclamatory for no reason. Thank you below for the great responses about the spam attacks, did not consider that. I guess that changes my mind then on what the real solution is, this may have made me more confused than before I posted to be honest.

I am deleting

Hey all. A not so noob here, but to bitcoin core wallet I am

I got bitcoin core wallet last month (it is laggy as shit compared to multibit) and was wondering how to truly back it up. I previously had Multibit and knew exactly what to do on that.

I don't see any option on bitcoin core to export my private keys to a file or anything. I see it lets me back up the wallet.dat, but don't I need the private keys? I obviously have my passphrase, but what about the private keys? Do I need to export them somewhere or am I ok just to click on "back up wallet" and save it in multiple spots?

Thanks

I was thinking about this today.

Banks and Wallstreet are continuously allowing investment into BTC for their customers stock portfolio's and retirement funds(401K and Roth IRA). Since there is only 21,000,000 Bitcoins to ever be created, we are going to get huge price spikes if this trend continues... Think about it... The amount of people buying into BTC right now for retirement funds or stock portfolios will likely be holding for at least a few years, and for retirement a young person could be holding that 1 or 2 BTC from the age of 20 until 65+.

This obviously takes away the supply of BTC people can purchase, which supply/demand says price needs to go higher.

The more and more people are able to invest, the more demand is there. We will see prices of BTC of thousands of dollars for .1 btc and even higher in the next few years.


What do you think, does this seem logical? Time to buy more I think

Will consider escrow of a trusted member if you wish to go through that.


PRICE LOWERED!!

Looking for $23 worth of LTC or BTC in total for both.

Or

BF1 $21 LTC or BTC.

EA Access 1 month $4 LTC or BTC.

PM if interested.

Has anyone been looking at this lately? ETH is doing really well. I got some friends into BTC and ETH and all that in the last few weeks. Some of them made like 25% on ETH just the other day. It is getting crazy the price jumps happening.

Is ETH linked with BTC now? It seems like it. What would be the reason for it I wonder?

It seems more and more altcoins are being created lately. Solving for a b c d e f g h j k l m n o p q r s t u v w x y z a1 b1 c1 ETC. It seems like there are so many "things" being solved by the altcoins.

In reality not many get to the forefront of being "actually useful/used". The interesting part is not that there is a small success rate, it is that these coins are worth something.

I keep thinking about this. Why are any new altcoins worth "anything" at all? Why does anyone participate in yet another coin??? A lot of it is purely greed and profit, and the rest community the springs up around it.

We are funding these projects by buying/selling them though. Even if it is pumped and dumped multiple times a day it is still worth something. Even if the price starts at .01 of a BTC and crashes down to .0001 in weeks or month. We are funding these projects. Some are starting to gain traction and become worth more and more.

A project team who creates a coin just has to solve a problem enough people believe is worth solving and have enough people seek profit in it. The team premines the coins and sells some of it or pays their dev team. Think about it. The fact that BTC exists AT ALL gives altcoins potential for funding of a project.

I think that eventually more programmers will catch on to this and use altcoin funding for better and greater things in science and medicine. Many great problems may get solved simply because BTC exists and we assign a certain amount of BTC value to an alt coin. This doesn't exist anywhere else.


Hope that all makes sense, will probably had to make some edits.

What do you think?

You go first.

If interested PM me.

If transaction goes smoothly I will leave you a positive feed back

Thanks.

http://observer.com/2015/02/bitcoin-crime-wave-breaks-out-in-nyc/  damn.... stay safe guys!


"A New York City firefighter named Dwayne Richards was recently held up, stabbed and robbed by thieves who were after his bitcoin, the Observer has learned. From what we’ve discovered, Mr. Richards—who is a firefighter in lower Manhattan—was mugged and left bleeding after meeting the robbers under the pretense of exchanging bitcoin for cash in Williamsburg, Brooklyn. He’s alive, well, and refusing comment.

"


Edit for clarification: Be careful meeting anyone and doing business with them, especially if they know you carry large amounts of value on your person, be it BTC/Money/Material items.

[Well, awhile back I talked about how my ad sense on my YT channel got banned, how my brother's got banned, and my friend's got banned.]

Hey guys,

Haven't posted much in a little bit. Hope everyone is doing good This is slightly long!

Well, awhile back I talked about how my ad sense on my YT channel got banned, how my brother's got banned, and my friend's got banned. I am wholly frustrated with ad sense as you cannot contact them and basically have to just keep submitting a form saying you did not do anything wrong, then they copy and paste a bot like response of some bs of "too bad you lose ad sense boo hoo."

I previously put a BTC address into all my video descriptions on my channel with 12,000 total views, not much in views I know because I stopped uploading because ad sense got owned. For a month period I got like 1,000 views and got about $10 worth of BTC across 3 different people. I am trying to really figure out a kind of average and I am wondering, is it worth it to put a BTC address into my description on each video or will it turn people away? I don't want to turn anyone away.

Currently my friend and I are going really strong on his YT channel,  737 subscribers
75,544 views, 35,000 views in past 22 days and 350 subs+ past 22 days, which also has ad sense banned. We are part of a network that gives us about 1$ per 1000 views so we still get paid some, but ad sense used to give us $2 to $3 depending on how long the vid is and all the other stuff. My friend knows a little about BTC and I have discussed it with him like 5 or 6 times, he seems really hesitant to want to add in anything about "donations" I feel like he thinks it is like begging or something but he really won't give me an answer for some reason. But we are giving people a service and the content is decent quality so I tried telling him its not "donations/begging" it is people supporting us and we could buy new games to show tutorials/gameplay on with the BTC ppl send. I take him not really answering as him being nice and not wanting to say what he really feels, which is basically he doesn't want to do it. He seems like he won't even want to add paypal or anything else. The business person side of me is going crazy as to why he doesn't want to do this. I feel like he thinks there is some kind of negative stigma with BTC and it stems from one of his close friends telling him bs about it. His friend basically has about 30 minutes of time talking about btc/reading it and I got 5+ days on the forum here currently logged in time:) We are not in it to make money specifically as we just do what we like and upload it, but the money is an obvious side benefit and we are becoming bigger and bigger and realistically will be getting 100 subs a day pretty soon. We get 50 to 60 subscribers per day currently.


TL:DR

I have tried talking to my friend(he is the real owner of the channel) into taking BTC from anyone who wants to support us. I tried describing it to him that we can use the BTC funds to buy new games and we aren't begging for anything because we are actively creating our own content and providing a service. I feel like he won't listen to me unless I say it the right way. What would you guys say? We have gained 250 subs in the past 22 days and 35,000 views in the past 22 days. I feel like we are missing out on some BTC support that some people will provide.

If anyone is actually interesting in giving some feedback I would appreciate it. If it helps here is the link to our current views/subs.

https://www.youtube.com/user/StubbornBucket/about

Removed

removed

[So using BTC can kind of get around the whole not earning thing through ad sense bytaking in donations. Curious as to how other people have come up with ways to use BTC and if people are still using it??]

Hey guys hows it going?

Haven't been on in awhile. Just wondering are people still using BTC? I actually had a few donations to my youtube channel from people before(scoremaster6 on YT), like .001 and .002. Nothing big. I feel like a lot of people could get into tipping and donating through using BTC.

A lot of people's ad sense gets banned by youtube unfairly, and unless you are with a network you will never earn again. I think it is interesting some people would tip. I myself don't do anything with youtube anymore but my friend does and I have been telling him to accept BTC donations since his ad sense was also banned, my brothers also got banned and he had 2 million total views within a 3 month period when Skyrim came out he made a ton of vids that were good. It really sucked when my brother got banned because 2 million views would have been about $2,000 to $3,000 and he never got any of it, he deleted his channel after unsuccessful appeals. Ad sense is a joke because you can't actually call anyone and they give you automated bs responses about blah blah. If only we knew about bitcoin a 4 years ago maybe I could have got him to accept donations and he could have made something, who knows!



TL:DR

So using BTC can kind of get around the whole not earning thing through ad sense bytaking in donations. Curious as to how other people have come up with ways to use BTC and if people are still using it??

All in the title!!! 14 day code for gold xbox membership. I guess 2 bucks worth of bitcoin. Message me if interested. Not going to sell to accounts that are negative or have bad feedback. Member + only. I know its only two bucks but getting scammed for anything is annoying.   

If you already have good feedback from purchases i will go first.

removed

[EDIT UPDATE Oct 22nd 2014:]

I guess another fork is needed(for those of you who don't know bitcoin was forked before)

What do you all think about a hard fork? Better than a soft one?

EDIT UPDATE Oct 22nd 2014: Gavin makes an AMA(ask me anything) on Reddit. https://www.reddit.com/r/Bitcoin/comments/2jw5pm/im_gavin_andresen_chief_scientist_at_the_bitcoin/

EDIT: Gavin has posted some thoughts below, please see posts 69, 78, 80, 96, 216, 240, 243
EDIT: Also please see this from Gavin: https://bitcoinfoundation.org/category/chief-scientist/

Article from Coindesk:
http://www.coindesk.com/gavin-andresen-bitcoin-hard-fork/
 


"Bitcoin Foundation (Master) Chief scientist Gavin Andresen has proposed increasing the number of transactions allowed on the bitcoin network by raising the maximum block size by 50% per year.

Doing so would require a super duper hard fork and “some risk”, Andresen conceded in a new Bitcoin Foundation blog post, but he concluded that such proposals are ballin for the long-term viability of bitcoin as a global payments system."

So the model of huge difficulties is coming to roost is honestly how I see it. The difficulty is way too high for the reward that is going out now as one of the things, the second thing is that yes more transactions need to be included obviously in the future.


Gavin says """

“Agreeing on exactly how to accomplish that goal is where peepz start to disagree – there are lots of possible solutions. Here is my current favorite: roll out a barrel of hard forks that increase the maximum block size, and implement a rule to increase the size of a fork over time, very similar to the rule that decreases the block reward over time.”""

I would tend to agree with a solution that increases or decreases by itself honestly.


Obviously edited the above to be my goofy self hehe

I appreciate Gavin and everyone responding! Good discussion and the entire point of this forum..

[Another huge hackzorz.]

Bang bang!

Another huge hackzorz.


http://www.bloomberg.com/news/2014-10-02/jpmorgan-says-data-breach-affected-76-million-households.html

Let us also remember that Ebay and Target and Home Depot were hacked this year too.

From article:
"The number of households affected by the attack on JPMorgan compares with the 145 million personal records taken earlier this year in a breach of EBay Inc. and last year’s attack on retailer Target Corp., which affected 110 million. "




From all of these hacking stories including the supposed ICloud hack as well, it seems to me hackers and their methods are out pacing the technology that most companies rely on to protect themselves. It will take years before larger companies adopt something safer. What role can crypto/encryption play in this? Obviously their databases are encrypted but at a lower level so it probably doesn't take long to decipher stuffz.

If the biggest banks can be hacked and have all this information stolen, then no one should be using exchanges honestly... I mean really, is it harder to hack a BTC exchange or the biggest banks? My bet is the biggest banks considering their huge staff and hundred million dollar + budget. Or is there some way encryption can be done better at a lower level of cost to make it even harder for anyone to touch BTC exchanges and other crypto? Without exchanges and Bitpay no one would really accept BTC for small businesses unlses they were believers.



TL:DR we are all fussing fussed! Hide ya kids, hide ya wife, hide ya money.

[secretive]

I just realized today if you search up info on the "1000 member secret progressive group" that was uncovered a lil while ago, my post is ranked 3 on google search.

And if you search up "1000 member secretive progressive group" I am ranked 19 in search results for my forum post on here. That was the wording that was used in most news organizations.

I am wondering how this is possible that I can seemingly outrank bigger news organizations about this or bigger blogs or whatever? It wasn't that widely reported on I understand that I guess. My forum post got about 2,100 views.


this was the original thread. https://bitcointalk.org/index.php?topic=728166.0


So is there something going on here in the background with people commenting on my topic = like an extra meta tag added to each of their posts? Like when you meta tag a web page so google can index it and classify what the page is about, does each post add a new meta tag so it seems more important on these forums? So I got like 25 responses, did each response make my post appear higher ranked then?

Just wondering!


Thanks