They probably have an ANN thread here, do the admins of this forum delete such threads? I know it is censoring but really we should still do something to protect our newbies here.

Thanks for letting everyone know Durr

It is a good thing that they ban ads. In reality millions of people threw money at scams and lost it all because of these ads. Facebook is a really bad place to on board new people into cryptocurrency. I am sure a ton of people bought bitconnect and thought they are "investing in bitcoin".

I would prefer new people come into the ecosystem via word of mouth where it would usually be someone they know who can show them the way. We should consider the damage these scams did to the name of cryptocurrency. Most people are used to regulated markets and think things are legit if it has an ad on facebook or google.
It is a pretty big shift in mindset to actually take ownership of your own funds, take responsibility for storage of your funds and do your own research.

I think a new person googling around a bit would quickly find this forum as a place to ask all their questions. Which is much better than clicking on some ad that promises 1000x for some new unnecessary cryptocurrency

I would not trust any new wallets that support it. imho this is a scam meant to steal private keys. 
My suggestion is just move on. Maybe ledger will support it one day, if so cool, else just forget about it.

I doubt it'l ever go to 0. If it would have gone to 0 it would have done so by now.


The internet goes down
The internet, just like bitcoin is decentralized. Unlike that one South Park episode, there isnt a router that you can turn off and on again. It cannot completely go down. There are no central "servers" that run the internet. Maybe google DNS and so on are sort of central points of failure but other DNS servers would take over in their place. If some major ISPs go down (which is possible if someone REALLY screws up when they make a change to their network). This would again only impact that ISP's specific network. Most major ISP's run multiple networks too, which makes a single ISP going down completely even more highly unlikely.

Its decentralized
So we confirm we can't take down the internet to kill bitcoin. Next option to kill it is to block bitcoin traffic on the internet. We have no single server so we have to block the protocol somehow. A bitcoin transaction can be encapsulated into anything, even an emoticon. A government cannot possibly inspect all packets passing through all ISPs in their country to identify SHA256 hashes. Even if they could, we can just encapsulate it into another encryption standard or use a VPN.

No more demand
Here is the biggest reason itl never  go to 0. I would sell everything I own and all in on bitcoin if I get the opportunity to buy at 1$ again. Everyone who believes in the technology will buy up all the bitcoin more and more the lower the price gets.

Governments cant afford to kill it anymore, even though they physically cant
Bitcoin has become too valuable and too much wealth is stored inside it by now. Banning it would mean putting millions of people into poverty or at least significantly impacting them economically. As time goes on this becomes more and more of a factor. The price of the bitcoin network is becoming high enough that even a Government cannot afford to attack it.


51% attack
Someone mentioned a 51% attack in this thread. Go check out Andreas's videos on that where he explains what it actually encompasses. It is actually damn near impossible to perform one on Bitcoin. You realistically need around 70% of the  hashpower to outmine the main chain at a reasonable speed. Then the difficulty increases and you need to further increase your hashpower significantly in the next 2 weeks. All whilst getting paid 0 and having massive bills to pay for all the equipment and electricity.
People forget that the main chain continues to mine. If you consider the price of the network and the fact that you get paid nothing for attacking it.. it is economically impossible to pull it off.

In my opinion you should split your funds up and diversify as much as possible. 50% high caps 30%(rank 1-10) midcaps 20%(11-29) lowcaps(rank 30-80)
If you invest into good coins you will have the benefit of your 50% BTC and high caps protecting your capital as well as the gains that come with a good lowcap that hasnt gone boom yet.

Make sure you research your chosen coins properly and that they are good projects.

If you are intent on only BTC or ETH though, I would say 60% BTC 40% Eth.

This market is high risk  enough, bitcoin is the safest of the lot. Its better to take the risk out wherever you can imho.

If we are going to measure bitcoin by its worldwide power use then we should also ask how much power all the ATMs, pin pads,servers, routers, switches and all that of the banks use.

I can assure you that all banks have absolutely massive datacenters. I have been inside quite a few of these, they make bitcoin mining farms look tiny.
I reckon that their power usage is right up there as well.  We should consider the entire banking systems ecosystem if we want to make this claim against BTC.

POS coins are getting popular too these days, if you want to be green in this space you can always go for one of those if you want.

I think this study that stated more than Ireland probably measured all cryptocurrencies as "bitcoin". We should also look into how they actually measured it, there are so many lies being spread around BTC by the media that we must always question everything they say.

That said, I wouldn't  say it is good for the environment but the power cost of mining bitcoin is encouraging miners to go over to renewable energy such as solar. I think it might just push a lot of cities and people over the ledge to go over to renewable energy. In some countries you can really generate a ton of electricity by solar.

Hi EDL team
How are things going with your development? Any prospects for exchange listings yet?

They will die out when the first and second generation of ICOs need to start delivering their products. I think a lot of these tokens have goals that aren't technically possible yet. Many of them wont be able to operate legally because almost none of them bothered to adhere to relevant laws in countries they want their DAPP to operate in.
We will one day see a bunch of the first ones start to fail. People will start realizing that not every single thing on this planet needs its own blockchain, that we don't need 20 differently named copycat blockchains to do the same thing.

I think after this happens we will see legit mass adoption start. We just need all the bad tokens to fail, then I hope we see much less scams and bad projects as people will suddenly understand that an ICO can fail.

This is unfortunately a new thing to a lot of us, that we never got to experience. A lot of people never get the opportunity to make lots of money.
I joined beetkonnekt with some ETN I mined and sold as their blockchain launched. Sure I had a small amount in there but it was a constant thing where I had to tell myself "No, we only put the free money in. This is really high risk".
I luckily managed to keep myself from putting some of my actual portfolio in it. However the greed was something I havent really experienced before in my life. It was kind of hard to keep a cool head about it, I was tempted to put in more almost every day saying to myself "Man I would have made so much more profit by now"

As Andreas says in one of his videos, people will only learn after they have been personally burned. The problem here is the general education level of the public about Bitcoin. People just throw money at this, most of my colleagues even who own way more BTC than me(they didnt get their house robbed empty twice last year like me so they can afford to buy lol) cant even tell me what a blockchain is. This means that a lot of people would think these ponzi schemes are bitcoin.

We should all take it upon ourselves to try educate and help everyone we meet who is new to cryptocurrency. It's terrible how many people have lost their life savings or even their family members due to these scams. I think a lot of people experience greed for the first time in their lives with this. We never know how we will react in a situation untill it pops up.

This is also the biggest positive role I think regulators and governments can play, cryptocurrency IS the future. But the public needs to be educated around this.

Hope the victims of this specific scam can recover. If anyone reading this lost money remember that things will turn up again.

Speaking from my experience, I mainly post in beginner help since I want to share what little I do know so far and help the community. If I see a topic like "how do I earn merit?" or something  uninteresting like that I skip.

I guess it all comes down to if people are interested in discussing what  you are posting. Hope this  helps.

You need to decide what you want to mine first. Here is a vague breakdown of what you need for each. I have some experience with some of these, sharing my experience on mining them with a high end gaming laptop.


BTC/LTC(Sha256/Scrypt)
For these you need ASIC hardware (like antminers and stuff). If you want to mine these be ready to sacrifice a room in your house with AC's installed, clean power and all that. There is absolutely zero point in trying to GPU mine these. You will get paid next to zero unless you use ASICs

Ethereum(Ethhash) - mine with  CC Miner
This is a great one for GPU mining, however if you dont have seriously powerful GPU's it wont be able to generate shares fast enough. If you buy a full on GPU mining rig then mining ether is a great idea though. Just  remember you need really high end cards to get good shares with high memory. My laptop sucked a bit at mining ether.

Blake and other GPU algos
I have tried mining some of these other algos, I cant remember them all off the top of my head lol. But long story short, some of these instantly overheated my laptop. Be careful when you mine, dont just start it and leave the house to go party. Make sure you know the heat your equipment has to deal with.

Monero & friends (Cryptonote) - mine with xmr stak
These are the ones I experience are the best to mine. My PC takes limited heat from this and most of these coins are quite profitable. If you are a common Joe with a gaming PC then Monero and its forks are a good idea. These are minable on your CPU and GPU. I can leave this running 24/7 and my GPU takes less strain than when im gaming.

I am sure others will have different experiences and insights, but I  hope this helps you

The bounty manager probably didn't check your profile fully as yet. You need to have their given signature in your profile before you apply. But generally speaking if your name is on the spreadsheet and not in red then you are in.

If it requires Jr member and you are still a newbie then they will probably take you off. Check with the bounty manager directly if you want. Just remember these guys are usually very busy so its good to be respectful of that.

Just remember, if you ever need to register for these airdrops on a site (most of them you don't have to). Use a "throw away" password and email.
Sometimes these are used to phish login info from people.

To be honest I don't think airdrops will make you a millionaire, but its cool to do it. Just keep your expectation real
As for exchanges, the best all round one is Binance in my opinion. You should go register there. Also create an account on etherdelta or Tidex, these will have these random ERC20 tokens listed pretty quick when they launch.

But get to learn cryptocurrency first, it doesn't help to dive in head first before you establish good fundamental knowledge.

Hi man
Honestly, run for the hills. This all sounds extremely dodgy. I suspect you are new to bitcoin and this person misexplained some fundamentals to you. Please man don't get yourself scammed. There is no "log into my blockchain". In bitcoin you hold a private key and the person holding that is the owner of the account.

There is never any need in bitcoin for someone to hold your private keys, nor is there ever a need to put money in to "activate an account". I am 99.9999999% sure this person is scamming you.

The wallet you provided looks to belong to an exchange of sorts is my best guess. Go learn how to send bitcoin if you don't know yet etc and move all your BTC for any wallets they hold the  private key for.

Remember in bitcoin we own our own wealth, we don't sub-contract that to someone else because that defeats the purpose.

Hope you come right and don't lose money. If you have a lot of BTC get a hardware wallet, leave it on an exchange if you need to while you learn how to safely store ( an exchange is not a good idea long term)

I dont think there are any right now, TenX used to be one among a few. VISA disconnected all these cards off their network.

You will have to wait a bit and see, Tokenpay will be launching one and they said they are able to launch one despite that TenX and Visa issue. Time will tell if they pull it off.

Of course it will depend on your local country and fiat currency. TenX who used to be the biggest player in that space didnt cater for all fiat currencies across the world.

It is basically a file that opens your wallet. To use it you will open it via their website.
This is NOT a safe way to access it though, since it will send that file over the open internet.
I would store it offline somewhere and forget about it, just keep it as a backup.

I would recommend you use metamask to access your wallet, it is more secure. Still the best method would be to use a hardware wallet if your portfolio justifies the cost.

Your browser wont make any difference, we access wallets via private keys

Hope this answers your question.

Use binance imho. it just works fantastically well.
As for checking on the blockchain you can just google "bitcoin block explorer" and then enter the wallet address there in the top right.
The exchange will say how many confirmations they require, some require 2,3 or 6. once the blockchain shows sufficient confirmations the funds should clear out.

Hope you can get your funds back from rightbtc.

Unfortunately legit exchanges that dont require verification dont exist. It is law in probably all countries that verification is required. Sorry that you got scammed man, hope you didn't lose all your money.

Your best solution is probably to just mine the BTC. You can go via nicehash and earn btc like that. Take what money you have left and build a rig. If you cant have a mining rig in your house just upgrade your PC. your parents will never know (take into consideration the power bill though).

If you look around a bit you can probably find some really profitable coins to mine.

Take your time to learn while you get ready to earn some BTC, knowledge is worth more than capital investment.

I would argue with that on an ideology standpoint. Bitcoin has no leader so that means everyone who is part of the network from a miner to a node to just a guy holding some BTC should be involved in the environment and cast their vote by buying or selling or moving hashing power.  

Since writing this I found that with segwitt we already have 2Mb blocks, Coinbase will be implementing it soon. I think we are going to do well on scaling once that happens.
It is still a pity that this whole separation came to be in the community.

This isnt a question anyone can answer for you. The best advice I can offer is to research this yourself. Look into each and vote with your money. Remember that these two are different things.

Here is a rundown of things you should look into for both
Bitcoin cash scaled simply by increasing the block size, there are some pros and cons to this approach. In short it is cheaper and faster ... for now.. but bigger blocks open up some other issues that are a bit too extensive to discuss in this post. Go research it and decide if you see these as big problems or not.

Bitcoin has decided to scale by multiple layers to make the protocol intelligent.  This is similar to how the internet and other networking technologies scaled.  TCP/IP is a third layer protocol FYI . These methods if successful will give it exponential scaling. Thus making it possible to reach millions of transactions a second, again if successful.
The methods I am aware of that are being worked on for bitcoin are Schnorr signatures, Lightning network, Segwitt and MimbleWimble. These all add some scaling and optimization to bitcoin. Lightning and Segwitt is already deployed but are yet to be adopted.

However with these bitcoin is likely to remain at 1Mb blocks for a while. But Bitcoin will be able to store much more info in 1Mb than BitcoinCash can in 1Mb. At the same time Bitcoin cash has 10Mb blocks.

I honestly feel everyone should decide themselves which one they support. There is a lot of politics around it and you will see the one side attacking the other side a lot.

Keep an open mind to both sides and decide where you stand after investigating this.