LA Token, they promised high and we bought for as much as $0.45 each.
When it was listed on exchange it started trading at $0.2   Why pay more at ICO, i don't understand.

Well if that is the case .. which altcoin are you going to buy in this dip and why

Literally all ALTCOINS are in downward spiral for past few days and very big today.
Whats going on ? Anyone have a grip on it?

Revisiting this pump thread, just for the record for people who are looking to give a lesson.

They pumped the coin so high and stole from people. Don't fall for these pumps, look, even if you believe in the coin, you could buy it for much below the offer price in public.
You don't even know where the bottom it.

My point is, there is misinformation and steal your money than factual information on this forum and people without your safeguards are going to loose your shirt very fast.
90% of the positive threads on this forum are bogus and to steal your money.

The more greedy you are the more faster you loose your money.

Waste of time. Look at the quality of reporting on the website. Bait for less informed. I question the outlet itself, irrespective of what the current topic is.

thanks for your response.  It did't sound simple or a easy solution for a common problem. i was expecting a more easier DIY solution ... hard to believe there is none

Thank you all for your detailed clarification.

So it is left to chance that there will not be a duplicate, however small that probability is. This at least validates my assumption but with solid understanding with the help of details you provided.

What he meant was , you and I won't become a billionaire but don't worry  Glue Dog will!!!

While i have been dealing with bitcoin trading for sometime the following question keep bugging me all along. Hope one of you can clarify it for me.

I understand that bitcoin is decentralized and self maintained in the sense there are no central authority to create users or provision passwords or maintain servers.
I also understand that bitcoins are stored in wallets, which are essentially public key hashes aka an address of 20 bytes randomly generated address. To make any transactions on this wallet/public key address  bitcoin decentralized application need corresponding private key.


All well and good. Now my question is

1) How and who generates these public/private keys. I assume anyone can generate ..but whats the criteria
2) Who keeps track of which public keys are generated and what is its corresponding private key .. as far i understand there is no one so i wonder how it works
3) If it is a random public key with no one keeping track of addresses in use, how does the system ensure same address is not being used by two different people. i.e how do we know the key generate has produced a key that is not already in use
4) we keep hearing suggestions about disposing keys and keep creating new ones for security reasons. While it is secure to move on to new address as frequently as possible, my question is how sustainable is this approach. How big is the address space and whats the chance of exhausting the addresses and stumbling on reused addresses.


Some of these questions might be silly to few of you but its better to get clarified than working under assumptions. As you can tell i am a IT developer hence the questions from my developer mindset.

Thanks in advance..

I read somewhere the benefit of accepting bitcoin for a merchant is as below

"Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it."

Can someone please elaborate on how this works. Right now, lets say i have my bank who provides the card processing service will settle my transactions to my bank account periodically.

In that context, how does the above benefit apply?

I linked my coinbase and bittrex for 2FA using google auth on my android phone.

Now, i have faced issues with my phone many times and there is a chance you could loose your phone. Now that you can't log in to your coinbase or bittrex without google 2FA, what happens when you loose your phone or you reset your phone?

Appreciate your insight and thanks for your helping hand. I will sure reach out to you at right time.

Thank you for the direction. It helps me to takes steps in that progressive direction

FILECOIN is a huge hit and has the backing of who is who of the industry.
With a bit unorganized team like SIA, do they have a chance.. i am concerned if i still keep my investment in it intact. Of course same goes with STORJ.

Whats your take on it.

Given the current state of affairs, whats the right place to be as a tech person in crypto world?  Ether or something else?

Pump?  They are comparing it to XMR but it being on TOR, i doubt it gets wide adoption.
What you think?

Hmm why would you say so ?  I think there are plenty remaining and hardly any got sold according to their website. Less than $100k

i am wondering if there is enough demand for this as it was hyped.

Thank you and appreciate it.

Ok, probably this is the part i am missing.  BTC is used for buying real life stuff and store like gold.
as far i know , ETH is neither. You don't buy any stuff with ETH.

invest in ICO is understandable but then i see that as a temporary transacting currency because the ICO team would most likely sell and turn it into fiat asap. So, no i don't really understand why ETH should be priced as it is now or why it is compared to BTC.

I understand that there are certain amount of BTC ever to be in circulation. when more people want it (due to limited supply) as store of value or transacting currency, it creates demand and drives the up.

what i don't understand is , how is ETH value determined. Its not currency but a smart contract platform. So how and why there is value to ETH and what does it produce to gain value in future.