Bitcoin Forum
October 20, 2021, 05:49:38 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Alternate cryptocurrencies / Service Discussion (Altcoins) / Gatehub wallet import - no coins on: December 29, 2017, 08:38:22 PM
I imported a wallet with XRP into gatehub and it shows 0 coins. Searching the "r" address shows coins on the explorer so they weren't stolen.

Detail of previous steps: bought XRP 5 years ago (probably went into a ripple trade account directly). Imported ripple trade to gatehub by 2015 as required. Gatehub account shows 0 coins and attempting to import the wallet via secret key says the account is already there.

Googled the problem and don't see a lot of other hits. Also, I cannot verify the account via there 6 step process because on Step 2 they want to enter a phone for SMS text and then never send the text (or my phone rejects international texts, but I don't think so). Tired opening a support ticket but others on the internet say support is slow/non-existent.

Is anyone else having significant trouble with Ripple/Gatehub? Don't want to lose the coins / not sure what to do. I usually figure these things out on my own and don't bug the message boards but stumped on this one.
2  Alternate cryptocurrencies / Marketplace (Altcoins) / BCT forum page bounty on: January 02, 2016, 04:01:07 AM
Bounty for BCT ANN for GreenCoin re-launch.

Here's the page now:

Would like to to tighten down the graphics and message and such for better readability and eye appeal.

PM me if interested.
3  Bitcoin / Bitcoin Discussion / 6 blocks in 4 minutes on: July 20, 2015, 07:47:11 PM
and then none for almost an hour:  Shocked

Height   Age   Transactions   Total Sent   Relayed By   Size (kB)
366198   55 minutes   180   $ 326,607.88   8baochi   98.73
366197   56 minutes   2   $ 7,065.06   BTCChina Pool   0.46
366196   57 minutes   512   $ 198,246.97   F2Pool   243.99
366195   58 minutes   252   $ 499,984.66   EclipseMC   236.32
366194   59 minutes   1   $ 6,950.00   BW.COM   0.23
366193   1 hour 0 minutes   913   $ 1,945,522.50   BW.COM   555.81
4  Alternate cryptocurrencies / Marketplace (Altcoins) / Bounty for iOS GreenCoin (GRE) wallet on: July 10, 2015, 05:01:10 PM
bids being fielded!  Grin

POst in here and then I'll IM you.

Main thread:

5  Alternate cryptocurrencies / Marketplace (Altcoins) / 0.2 BTC bounty: Long time standing coinbase transaction issue needs explanation on: June 27, 2015, 05:01:58 AM
Will pay 0.2 BTC bounty for the best explanation of why this is occurring. The thread community should decide on who has the correct, or best, answer. The bounty will be paid to the first correct responding party but it can be split up too, and the community can decide this.

Here is the issue:
Altcoin GreenCoin was released in June 2014. The coinbase transaction was designed to send two 1000 coin payments per block: one to the miner and one to a pre-assigned address (GZdib... is the pre-defined addy). There are currently some blocks that pay 1980 to the miner and only 20 to the pre-defined addy.

When GreenCoin was first released it was an independently mined scrypt. At block 150,000 it was forked to incorporate merged mining (Sept. 26th 2014). The first instance of the error was noted on or around 12/4/14. Block 246,503 may have one of the first instances of the error. The benefitting miner's address is always: GQiGwRM5UTdGDeBoCqaGwHbQLenxqMq3U9

I'm wondering about this coinbase transaction issue again. here's a simple coinbase transaction description.

Here is link to a proper transaction:
note the Coinbase: 041199461b010152
and Sequence: 4294967295

and here is an improper transaction:
Coinbase: 03661e08062f503253482f044d1a8e550858000000000000002cfabe6d6d5f5f5f5f5f5f5f5f5f5 f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f5f
Sequence: 0

Note all the weird f5's (?)

Additionally I have an interest in fork-fixing or re-releasing this coin with the fix and additional upgrades / new features so any devs out there. I know you dev guys get solicitations all the time but GreenCoin has a substantial environmental imperative, some funding and motivation to begin expanding this summer. You can read about the central premise here:

GreenCoin main thread:
Website Help page:
tl;dr whitepaper:

6  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN][GRE] GreenCoin - A Blockchain-Based Social Carbon Ecosystem on: February 16, 2015, 06:08:54 PM
GreenCoin is an open-source clone of BlackCoin with a key award modification. Half of the staking award goes to a single, known address listed below.

address: GeJw1g1rgTax56otxkFFsETMvzWFZHETAX
private key: Rf2B5f8qJAkVGTcziqxZ6rpyfbmgehXvx7NNiin3HRmx6Gzu5HxB

The codebase is here:

100% Proof of Stake with 4000 coins/block staking
2000 coins generated to the staking address, 2000 generated to a single address (see above)
Fees are also split 50/50
About 2.7B GreenCoins are in circulation as of Jan 20, 2017
No total coin cap. About ~1B new coins created per year.
Pay-as-you-go Character Transaction Messaging (via "opreturn" method)
RPC PORT = 17515
P2P PORT = 11517

Updates posted in this thread and/or the website:
7  Economy / Economics / Debt economics on: January 19, 2015, 07:32:16 PM
This five minute video on global debt economics is worth watching. I haven't gone "full retard" on bitcoin and gold investing, but a little here and there, though I think more importantly, it's just really key to be paying attention at this point in time. Some big shit in the theater of global finance is going on right now and 2015 could very well be a pivotal year in how this all shakes out.
8  Bitcoin / Project Development / 1 -1.5 BTC available - Good winter break intern project on: December 24, 2014, 05:48:51 AM
Looking for additional coin dev to look over some code of an existing coin, make suggestions based on risk/reward, then implement the decisions we come to. Looking to build a long-term relationship as well. US based. Serious inquires only please.

new snazzier OP:
old OP:
9  Alternate cryptocurrencies / Announcements (Altcoins) / GreenCoin [OP upgrade] - A personalized carbon emission offset credit on: December 23, 2014, 11:16:42 PM
INVALID BBCODE: loop, probably unclosed tags
10  Economy / Economics / Musings on Bitcoin's upper bound price and electricity on: December 18, 2014, 10:27:38 PM
If bitcoin is generated 6*25 coins per hour (average) *$315 = $47,100. Plus some fees, maybe, so let's call it $50,000. If people collectively are paying more than $50k per hour in electricity, than miners at the margin begin to fall off. Even at a basal state cost of $0.05 per kWh that's $50,000 per hour / 0.05 $/kWh = 1,000,000 kW or 1,000 MW. This doesn't include the cost of hardware deprecation, and uses a very conservative rate for power.

So how much is 1,000 MW? The world produced about 22,000 TWh last year and there's 8765.76 hours in a typical year, so the average electrical output is 2.5098 TW or 2,509,800 MW. Bitcoin is therefore 1,000 / 2,509,800 = 0.0357% of the total. Again, this may be high if the global average rate for power is higher than $0.05 but to a first approximation it's close enough.

The inevitable arms race to increase hash/W is irrelevant. From a microeconomic standpoint that just serves to distribute the coins to the players, and further from a macroeconomic point of view the amount of money spent on power will almost nearly match the current price, with some latency adjustment period and some caveats for people who voluntarily lose money, steal power, etc (I would assume these are small because they will eventually correct over a reasonable time period).

If this theory holds then does it put an upper limit on the price of bitcoin? If Bitcoin was currently worth 100x at $31,500 per coin right now it would logically mean 3.57% of the grid is being used to service bitcoin mining, and 3.5% would have a significant impact; power starts to become a scarce resource that needs to be allocated efficiently (i.e., cost increases). At $31,500 per coin BTC has a fully diluted market cap of $655B which would make it about the size of Apple. It is not beyond the stretch of imagination that a crypto-protocol, with all of it's payment processing functionality, brings that kind of value to the market (e.g., it's not like $5T or something to high of a percent of global GDP to be a credible theory). The price can go beyond this as it just serves to reward miners with more advanced hashing equipment (higher hash/W) or simply increase the profit margin of miners (which would then collectively go into advancements in technology), so round and around we go.

Basically, I have no point. But it's interesting to think about.
11  Bitcoin / Bitcoin Discussion / When did you buy and why? on: December 17, 2014, 08:18:59 AM
If you bought early BRAG about it. This is the place to do it  Grin

2012 - $8 (seals. I won't say any more).

Now get on with it already
12  Economy / Services / Web Dev - Paying 0.5 BTC on: June 01, 2014, 04:17:59 PM
working on a website for a coin. I'd expect someone good at rails to only need a few days at it. On-going features and support we can negotiate a rate. IM me!
13  Alternate cryptocurrencies / Marketplace (Altcoins) / developer needed: altcoin on: March 08, 2014, 07:24:24 PM
Wanted to develop: a new coin with a minor twist on current scrypt based coins.

Payment 1.5 BTC minimum (more depends on time) + negotiable amount of newcoin + cash bonus. US-based preferred.

The idea needs to stay quiet though (usual and customary for how these things work) so please PM me to get started.
14  Alternate cryptocurrencies / Altcoin Discussion / developer for quick altcoin on: February 16, 2014, 11:03:32 PM
want to create new crypto with only 1 little twist (portion of each block goes to a single address).

Just want to try something out. I bring a unique twist to the table (obviously, I'm not a developer...), I bet you will really like the idea. PM me if interested and we can start a dialog.

Seattle-based if anyone out there is nearby, this could be a lot of fun.
15  Alternate cryptocurrencies / Altcoin Discussion / cryptsy - generate new address on: January 22, 2014, 11:07:08 PM
when I generate new address for a coin on cryptsy it just chugs for awhile and then comes back with a blank box. WTF  Huh
16  Alternate cryptocurrencies / Altcoin Discussion / coin split-block mechanics on: January 19, 2014, 08:18:34 PM
Is it possible to release a coin that functions with a block reward being split? For example, where some pre-determined % of the block going to the miner as usual and the remainder goes to a pre-determined public address? Is there an alt-coin that exists already that operates this way?
17  Bitcoin / Legal / Time to start thinking about taxes on: November 23, 2013, 07:16:54 PM
US / IRS: has the IRS provided any guidance on virtual currencies yet? If I had to file today my stance would be to file gains as an asset-based capital gain that would be calculated very simply as follows:

Bill bought 1.0 BTC on 6/1/2013 for $10
Bill sold 1.0 BTC on 11/22/2013 for $890 (you can also deduct trade/wire fees, e.g. coinbase)

Bill reports $880 in long terms capital gains (an capital asset held for more than 1 year).

But what the real questions becomes, is how does the IRS classify bitcoin? Searching for "bitcoin" at yields 0 results. Is it a commodity or a currency or capital asset? Forbes weighs in here

"In the meantime, the tax rules seem pretty clear. If you provide services or sell goods for Bitcoin, you have income. If you exchange Bitcoins for cash, whether you have gain may depend on whether Bitcoin is really currency or commodity. The latter seems more likely, meaning you have gain to the extent of the appreciation in your Bitcoin."

It's strange to start out the comment with "the rules seem pretty clear," because I was thinking just the opposite.

And then there's the question to file anything on a schedule D in the first place. You have to name the asset so is this putting yourself on a federal radar by listing "bitcoin" or "digital currency asset" or the like in column A? If you made a few $K or less it might be a wait-and-see approach but if you made more than that and you're lucky enough to get a field audit they are going to want to know what those $10k+ deposits are.

One approach may be to just file it under "other income" and pay income rates. This may even be preferable for some folks who have no other income. If you file MFJ you get to almost $90k before rising out of the 15% bracket anyhow. But if you're already in a pretty high bracket there's a big difference between LTCG (20%) or short term gain (28%) and the highest income bracket (39.6%) [note that there's an additional 3.8% tax for obamacare I think that affects some people's investment income, which would be added to the long/short 20/28% investment rates:

Anyway, let's kick off the discussion for US-based folks. With BTC up 30,000% in 2 years, you can bet your bippy the IRS is watching. What are people's thoughts (especially accountants!!!  Grin )

18  Economy / Economics / 100 is the new 2 on: April 13, 2013, 06:31:31 PM
After the May11 crash (33 to 2), I think the new floor is 80-100. Next plow forward will be 500-600.
19  Economy / Economics / What is Bitcoin's current price? on: April 11, 2013, 10:10:34 PM
BTC-e says 59
Bitcoinwatch(mtgox) says 124.90 (has for hours)
Vircurex bid/ask is 59/66.

Is MtGox down?

Craziness ......  Huh Huh Huh
20  Other / Beginners & Help / Latest BTC problem for newbs on: March 12, 2013, 07:08:55 PM
Since i can't post on the technical board I thought I'd start a thread here.

Summary of latest advice for casual (non-miner) BTC users:

If you are using BTC 0.8, switch back to 0.7 and wait this ting out before making any transactions.

Interesting to note a t MTGox BTC buyers don't seem to really care. The price is holding $45 with little problem....
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!