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541  Economy / Economics / Re: The mining downward spiral FUD was predicted months ago on: December 06, 2018, 05:29:18 AM
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Unless Bitcoin is able to become more efficient at mining, and more stable overall, it is likely to die. These higher mining costs and the fact that more retailers are failing to accept bitcoin as payment – as they are unable to convert it as it is too expensive – will mean the end of it.”

Lol these people don't get it. Mining efficiency doesn't address this problem at all. It's only unprofitable until it isn't, which makes death by this avenue unlikely. I'm not counting on recovery anytime soon, but it's always funny watching people trying to trigger panic.
542  Bitcoin / Bitcoin Discussion / Re: Government sanctions on Bitcoin - What impact will they have? on: December 06, 2018, 02:11:48 AM
I actually think that it is impossible to prevent bitcoin transactions by legal means, which is the biggest difference between Bitcoin and traditional currency.

They are impossible to prevent. It's one of the reasons why Bitcoin is being described as uncensorable. It can't be stopped unless you bring the entire network down, which is virtually impossible. They can be penalized after the fact though, which this case clearly demonstrates. But we'll see, I suppose. Sanctioning a Bitcoin address is unprecedented so we don't know its exact effects yet.
543  Bitcoin / Bitcoin Discussion / Re: Cannot wait for the Lightning Network to go mainstream!!! on: December 05, 2018, 09:16:00 AM
The most recent development is that this merchant is not using SegWit addresses and this is why it is taking this long. I was sending from my SegWit addresses to their legacy address and for some reason it took 23 to 25 minutes to confirm the transaction.

Only the address sending the transaction matters for this case right? The fact that they're using legacy should be irrelevant.

I figured this out, when they wanted to refund my bitcoins and I send them a SegWit address and they emailed me to tell me that the address was wrong.

This should not be a problem, because the two should be backward compatible.  Roll Eyes 

Maybe they're using an outdated wallet that doesn't recognize Segwit addresses?
544  Bitcoin / Bitcoin Discussion / Re: Government sanctions on Bitcoin - What impact will they have? on: December 05, 2018, 08:41:39 AM
Does that mean governments might start marking all dangerous addresses?

Nothing's stopping governments from doing this, but this should be fairly easy to bypass for the people involved as they can always generate new addresses. A marked address is essentially useless though, as authorities are likely willing to burn through resources to trace transactions with blockchain analysis.

How will BTC still be censorship resistant if govts would prosecute people for transacting with certain addresses?

It has always been bad practice to reuse addresses, so if you have reason to worry about this, you can simply use a different address for each transaction. It's very unlikely for them to tag addresses with very few transactions.
545  Economy / Exchanges / Re: Beware! Binance phishing mail!!! on: December 04, 2018, 09:30:59 AM
Am not sure if this is the right spot to post this, so if admins could be cool and move it where it should be would be nice.

This is probably going to be moved to the Exchanges subforum. It's probably fine here though, as more visibility for these kinds of cases is better.

I know it's fairly obvious, but I believe posts like these are productive anyway just because they highlight the need to be very wary about giveaways.
546  Bitcoin / Bitcoin Discussion / Re: Is Satoshi Nakamoto is alive? Today he posted on p2p foundation. Your opinion? on: December 04, 2018, 09:06:27 AM
Its obviously hacked account, Satoshi is long gone, And why will he/she even comeback now? Did he come back to solve this market manipulation? Someone is doing this to be able to gain attraction and fake news in my opinion.

There's a lot to be gained by claiming to be Satoshi. His influence over crypto development would be no joke to say the least.

The only reason he'd come back now is if he starts being interested in the project again, which I doubt given all the time that has passed. This is also why it's very unlikely he'd be driven by financial reasons. Also worth noting that he probably can't stop market manipulation from happening even if he wanted to lol.
547  Other / Beginners & Help / Re: Understand the signature before wearing it on: December 03, 2018, 09:20:14 AM
Really though, I get what you are saying.   I've been involved in a lot of airdrops,   especially mid last year when we had a new ERC-20 airdrop every hour.   It always amazed me how the majority of people couldn't even read basic instructions,  let alone understand what the project was or was not.   People just see free money and flock to it.  It isn't specific to the crypto world.

That's probably because they use multiple accounts and therefore have little time to read much of anything lol. But yeah, this isn't going to stop until bounty managers stop accepting project tokens as payment. Projects literally create those out of thin air so they can spam bounties as many times as they want. This also results in subpar bounty manager performance, with neither parties having anything to lose. No one involved is incentivized to push for quality content at all.
548  Other / Beginners & Help / Re: Half of all Phishing Sites Now Have the Padlock Sign on: December 03, 2018, 08:00:24 AM
I sometimes don't a Google search to get which link to use.

You should never do that lmao that's just bad practice nowadays.

If people must insist on doing something of the sort, Duckduckgo is a lot cleaner and advertised sites at the top seem to be easier to distinguish than Google's. I wouldn't recommend using it for obscure services though, or even at all. The safest way is still to type the URL out on your own. Even bookmarks, however unlikely, could theoretically be compromised by malware.
549  Bitcoin / Bitcoin Discussion / Re: Russian Economy Minister: Bitcoin Deflated like a 'Soap Bubble' on: November 30, 2018, 08:30:21 AM
I wouldn't read too much into it as he's obviously playing both sides of the fence. It's pretty good for Bitcoin when all the criticisms leveled against it is about its market value though, because that'll obviously recover with time. It's literally a non-issue.

It's interesting how they're looking into crypto to try to escape sanctions though. The timing is perfect for them.
550  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin become antiquated and lose its first mover advantage? on: November 29, 2018, 09:09:47 AM
How could new companies/projects render Bitcoin obsolete?

The desire is there, for some. Those who think that Bitcoin is a dinosaur, and want it to be an antiquated technology.

Do you think it's possible? Very likely? I'd love to hear opinions and insights.

I don't think it's possible unless someone somehow reworks the blockchain in a way that it keeps all of the advantages of the current system, except scalable, energy efficient, immune to 51% attacks, and completely incompatible with the current Bitcoin. There's also development stalling, but I find that unlikely.

But yeah, as antiquated as Bitcoin may seem, there's really nothing out there that's objectively leaps better. Being a work in progress, it can also always bridge gaps with further development.
551  Bitcoin / Bitcoin Discussion / Re: SEC chairman on why the SEC will not approve a bitcoin ETF on: November 29, 2018, 07:23:17 AM
I don't see anything wrong with the reasoning presented. Yes, everything can and likely is manipulated, but it's not as black and white as that. There are varying degrees to this, and as things currently are, Bitcoin is more vulnerable to it than other traditional assets. Think about it: a large chunk of the community still believes that a single person could move the market on a whim. You can't really say that about other established assets.

At the end of the day, ETFs are completely under the SEC's prerogative so we can't really do anything to influence it either way. It doesn't have any fundamental effects on Bitcoin either, so it's not like the absence of an approval is a con for the community.
552  Bitcoin / Bitcoin Discussion / Re: Make Bitcoin Great Again on: November 29, 2018, 06:01:31 AM
What you're really trying to say is "Let's make Bitcoin expensive again (and profit while doing so)". I have nothing against that sort of mentality, but it's one of the largest contributing factors to Bitcoin's erroneous reputation as a ponzi. It's also true that it's very likely a ridiculous bargain at the moment.

But yeah, again, I'm not against this at all, I just want to point out that Bitcoin is still Bitcoin. There's no greatness to be talking about -- its market value dipped is all.
553  Other / Beginners & Help / Re: Tutorial on How to Sign a message on your MetaMask with MEW. on: November 29, 2018, 05:15:55 AM
For some other moderators, signed messages from altcoin addresses can be used as proof of ownership if you get in unexpeted trouble that needs to freeze the account, so you can un-lock it.

As far as forum-specific issues go, it would be far better to assume that only signed BTC addresses are accepted. There's no need to roll the dice on signed altcoin messages as there will always be a chance that they won't be honored. This is a Bitcoin forum after all.
554  Other / Beginners & Help / Re: Are the ico days over on: November 28, 2018, 07:48:03 AM
I do not think ICO's are ever going to come to an end, as always new coins will still be pumped into the market,but at the condition of the present market, the number would be considerably reduced and less ICO's would be created...

I'm pretty sure that's exactly what OP Means by ICO days being over lol. They're over in a sense that the vast majority won't be looking into them as simple earning opportunities anymore. This is good though, because a development like this would saturate the ICO Market with more legitimate projects. There will always be shitty ICOs, but their general reputation would take a turn for the better.
555  Bitcoin / Bitcoin Discussion / Re: Will BTC and the Alts be easier to manipulate now on: November 28, 2018, 06:41:48 AM
On a positive note, as the price of BTC collapses and all our speculators get burnt and become destitute, in time BTC will return to its humble beginning, where its just mined, and used for transferring wealth. Free money transfer for the little-people, unmolested by Governments ( Here is why we need real security & privacy in BTC ).

As much as that would be ideal for the ideological believers, I don't think this will happen anytime soon. The crash seems to have made people forget that Bitcoin has been in worse situations and has come out blazing. It's only a matter of time before it recovers, and even eclipses its ATH.

For me I think its manipulated by greedy investors and traders, Others are using bots to pump and dump any altcoins they want. It should be also easy if you have big funds in BTC, But anyways BTC still has a high and reasonable price right now?

This fits the narrative of insitutional investors wanting to get in the market, but without any proof, it's just conjecture.
556  Bitcoin / Bitcoin Discussion / Re: Bad News for miners in Noruega on: November 23, 2018, 05:47:40 AM
Well that sucks. A good point was raised within the article though:

Quote
Ramvi added that "more miners in the Bitcoin network does not make it faster or scale better. The only function of more miners is securing the network further,” arguing that the BTC network has been “extremely secure” for “over a year,” removing the need to incentivize more miners.

But yeah, even if their overall hashrate isn't too significant in the big picture, this still hurts because mining already suffers from a distribution issue. One fewer viable country to mine in.
557  Bitcoin / Bitcoin Discussion / Re: Is Roger ver the only person who to blame right now? on: November 22, 2018, 07:40:51 AM
How much BTC and BCH did Craig Wright hold?

Since Craig claims to be Satoshi, 1 million of each? Lmfao. But yeah, regardless of the truth of that statement, that figure is probably close to reality:

In the filing, Kleiman's brother includes what he says is email traffic between himself and Wright in which the entrepreneur indicates he may have been holding 300,000 of Kleiman's bitcoins.

Dave "mentioned that you had 1 million bitcoins in the trust and since you said he has 300,000 as his part,'' the computer expert's brother wrote. "I was figuring the other 700,000 is yours," he added in the email. "Is that correct?"

"Around that," Wright wrote back. "Minus what was needed for the company's use."

He could be burning through these for this drama.
558  Bitcoin / Bitcoin Discussion / Re: Is Roger ver the only person who to blame right now? on: November 21, 2018, 06:33:51 AM
the "hash war" is between BCash and BCash-SV and bitcoin has nothing to do with any of them in this war although the consequences of this war is affecting bitcoin. and it is not just Ver, it is Wright too and they both are fighting over control and money.

Isn't it caught in the crossfire because BTC hashrate is being used to support ABC? Genuinely curious as I haven't caught up with the drama.

We shouldn't be blaming anyone though. If one person can affect things this much (of which I'm not convinced), then we have bigger problems. Either way, most of this drama seems like it'll blow over quite soon. These miners can't keep ignoring the more profitable chain forever.
559  Other / Beginners & Help / Re: Best use case of blockchain so far? on: November 21, 2018, 01:53:35 AM
That's nothing but a shared ledger. Centralized DB works better in a permissioned environment like this. Companies like IBM are using 'Blockchain' merely as a buzzword.v=mRQs9Y6CUSU

Aren't they basically selling it as a service so it could be as decentralized as the client wants?

Quote
Your source for the most complete decentralized blockchain experience available

Either way, yeah, current applications seem shaky. Barring a breakthrough, blockchains will always be extremely specialized with very specific applications. I guess we'll see.
560  Other / Beginners & Help / Re: Warning scam on EtherDelta on: November 21, 2018, 01:14:37 AM
Was not the EtherDelta founder arrested very recently?

He wasn't arrested, he was fined. There is no court verdict yet as far as I know. He simply settled for now.

But man these airdrop scams are getting out of hand. This is why the ICO market is such a shithole. Thanks for the heads up, OP.
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