Hello,
I have Factoids in paper wallets but I can't find any wallets to import them.  What I mean by that is I can't find any wallets that will work for me.

Does anybody know of any way to import Factom paper wallets back into a wallet where I can send/receive them?  It can be an online wallet or anything, as long as it's reliable and not scammy.  Are there any wallets for Factom that can do this?

I have tried the Factom Enterprise GUI wallet on both a Mac and Linux machines and the same things happen on both OS.  In local mode the blockchain NEVER fully syncs, it goes quick & fine up to about 85% and around that point the sync begins crawling along ridiculously slowly (as in 1% per day).  In online mode it simply does not sync to anything (using factomd-live.cloudapp.net:8088), it just stays at 0% and does nothing.

Any ideas?  I hate my money being stuck on paper like this...

Does anybody know if and how Capital Gains Tax applies for cryptocurrency trading?  I am interested in how it works in any part of the world but the most useful information for me will be about UK, because that is where I live.  Please specify your country when you answer, thanks.

I have an accountant who works in a tiny office in this small town that I live in.  He certainly isn't a specialist in cryptocurrencies.  He came to the conclusion that I would have to pay capital gains tax.  He also told me that the tax is calculated at the time of trade, even if the trade is between BTC and altcoin.

Many of you might respond to this by saying 'don't bother, how will they ever know'.  I am aware of this logic and you have a point, but I have decided that I want to play it safe and abide by the law so I don't have to keep looking over my shoulder for the rest of my life.

What conclusions have the rest of you come to regarding Capital Gains Tax? 

But Sundark, the way these guys are explaining it is that BU can't really fork now and cause a chaos scenario, they can only do it if the economy all comes to agree with BU first and by that point it's all cool with everyone anyways.  So no competing coins really.  At least that's my understanding (?).

Let's not turn this into another blocksize debate.

Thank you for all answers.  I had been keeping all my BTC on paper wallets because I wanted the option to import them and own both the
BTC and BUcoin in the event of a sudden network fork & split.  My reasoning was along similar lines to having both ETH and ETC when Ethereum split.

I have a perfectly good Trezor which I'd rather use than paper wallets, but I was afraid to have my BTC on the Trezor because then I would only get the currency which Trezor follows (like only having ETH when Ethereum split).

okay, thank you for your replies.  It seems that Bitcoin wont' suddenly rip in half overnight.

But wait!  ...Ethereum did...suddenly there were 2 seriously competing versions of Ethereum.

So what's the difference? that means ETH suddenly split in half but Bitcoin won't do the same?  Is Ethereum not supposed to have a sort of clever consensus system also?  

I am expecting that once Bitcoin Unlimited gets over 50% of the hashing power then they will have enough confidence to attempt to win the battle of the block size.  I am expecting that once they are over 50% they will start their hard fork and hence create two competing Bitcoins.  Then chaos for everybody.

But I also just saw this on the BU website:
"Would Bitcoin Unlimited start a hard fork?  No, Bitcoin Unlimited doesn’t implement a hardfork by itself. Even if 100 percent of the miners use Bitcoin Unlimited. If the economy doesn’t want a hardfork, miners would only waste money trying. This is part of Nakamoto Consensus."

Now I am as confused as ever about when to expect the BU hard fork to occur.  Can anybody explain that quotation in more relevant English for me?  Are they saying that there will never be 2 competing Bitcoins?  Do you think we will have any warning at all before the BU fork happens, or they will launch it suddenly as a surprise some time?  I am afraid this surprise can suddenly come tomorrow, every time I go to bed!

Yes, I am totally aware that the price will be (almost) the same on Poloniex and Bittrex.  This is simple arbitration and that was not the main question.

The main question here is to find out how Bittrex coped during the meltdown on Poloniex.  Maybe if this madness happens again I will go to Bittrex instead.  What happened on Poloniex was inexcusable.

Thank you for your answers, keep them coming!

I'm sure we are all aware of the 'troubles' that Poloniex had this last 24 hours.  During that huge market crash there were serious lagging issues, a lot of missed trades and reports of DDoS attacks at the exchange.  A lot of traders lost a lot of money because the exchange could not cope with the volume.  In summary, Poloniex was a nightmare.

My question; would a trader have been better off if they had taken their altcoins to Bittrex instead?  I mean Bittrex or smaller exchanges in general.  Perhaps it is possible to escape the mad crush by quietly slinking off to a less popular exchange.

Does anybody out there know...
How did Bittrex perform during the crash?
How did other small exchanges perform during the crash?
Are there any other price implications of selling your altcoins at a smaller exchange such as Bittrex?

Oh Yeah, it's my first time to properly have a Linux OS, so I want the easiest to use version.

I have used Red Hat Linux at work, but only poking around to make the basics work, I am no expert!

Thanks!  I've been wanting a Linux machine for ages, so I'm happy to hear that.  Just a shame that Linux doesn't support Oculus Rift! haha.  Now because of your fast replies I can get on with buying my exciting new laptop!  woohoo!

Sorry, I realised that just now and added a few more.  Doh, I'm being a dummy but I didn't expect such great fast replies!  Thanks!

Perhaps I can help by being a bit more specific:

Bitcoin, Ethereum, Monero
Factom, Synereo, Dash
Storj, Sia, Maidsafe
Lisk, NEM

Given that list, can anyone say whether Windows or Linux would likely be the first release platform for their wallets/nodes/stuff...?

I am about to buy a fancy laptop primarily for the purpose of doing all my cryptocurrency stuff (but not mining).

Can anybody help me decide between Windows and Linux?  My main question is do wallets/nodes tend to be developed on Linux first or Windows first?  I want to know which platform Bitcoin clients, but also other cryptocurrency clients/wallets in general tend to get developed on first.

I am not an expert with command line (although I can use Linux in a basic way), so I refer mainly to GUI type wallets.  I am interested in software for Bitcoin, Ethereum, Monero, Factom, Synereo, Dash, Maidsafe, Storj, NEM, Sia and Lisk.  So Windows or Linux for these?

Wow

A lot of people here talking about a lot of shitcoins.  There are lots of nice ideas out there, but you have to understand that having a nice idea isn't enough to stand out anymore.

What matters is the size and quality of the development team, the serious funding and industry connections and the momentum and network effect are extremely important.  That's why these hundreds of little guys with big ideas are just temporary, only purpose is for traders to pump them and dump them one or two times.

One question....WHEN is the full launch?

Firstly, I'll admit I'm very amateur at trading.  I'm mostly just a long-term holder (Bitcoin Believer), but I've been dabbling in Bitcoin trading since 2012 though so I have some sort of feel for the market.

Something seems to have changed in my opinion.  Back in 2012/2013 I was able to put together a nice little trading plan when I bought or sold and use stoplosses effectively.  I would place my stoploss in a smart place, it wouldn't usually get hunted and I ended up with more good trades than bad ones.  Also, that big ATH in 2013 seemed a lot more predictable and made sense, I could take a fair guess when the market was overbought (silly above trend) and oversold (silly below trend).

Now fast-forward to this Dec 2016 to Feb 2017...I know technically the volatility is a lot lower than 2013, but predicting the market direction seems crazy difficult compared to previous years.  My skill level hasn't got worse, but every time I predict the direction of the market it then goes in exactly the opposite direction.  Like recently, even after a huge quick pump that looks clearly overbought I get it wrong (I would say its a good time to sell). 

In particular, I don't understand how my stoplosses are now getting hunted so PRECISELY.  Are the exchanges giving stoploss data to big traders?  For example, in this previous week I sold my BTC at $1015 with a stoploss if the price got to $1060 and $1060 was waaaay above any trends at that time (price was tight sideways between $1010 and $1020).  Then see what happened, the price just kept increasing until it reached $1066 (only a measly $6 above my stoploss and then instantly after a HUGE RED DILD* and market crash down to $1010.

My point is, no matter where you put a stoploss these days, even at a really distant price, it is getting hunted with crazy precision.  It makes having a trading plan pointless in my opinion.  What the hell?

Yeah I saw an advert for Monese, it seems like they are trying to offer all the benefits of Bitcoin, or using Bitcoin underneath, or or or....WEIRD!  Can anyone explain more...?

Hello Everyone,

I would like to start a side-job as an advisor for all things related to crypto/digital currencies and other decentralised networks.  I would teach people how Bitcoin works, how to get set up with a good wallet, where they can buy things using digital currency, etc, etc, etc.

My question is, what kind of licence might be required to do this?  To get somebody started with their first Bitcoin I might have to help them to exchange some money on a Bitcoin exchange, or do the first part on their behalf, but this might mean that I would be acting as a money transmitter (or something along those lines).  What regulations would I be subject to in the UK?

Also, what are the liability issues?  If one of my customers were to make a mistake and lose their Bitcoin, then could they blame me or sue me or claim that I gave them bad advice?  Is it altogether too risky a venture or are there safeguards in place for advisors?

I would like to provide this service to people (at a fee) to help educate the masses about the proper way to use and secure digital currencies, I think I could help a lot of people with this in future.

...and then your USB stick has a technical fault and everything is lost.  No way I would rely on one solitary USB stick alone. 

Not planning to mint coins either, that would be copying what others have done, no originality there.

The point that was made about "lots of competition in a slow market", this is a very interesting point.  Perhaps the Bitcoin ecosystem is still to small to launch a profitable product into.  That makes it hard for small-timers like me because often the companies that can launch products are willing and able to sustain big losses in the beginning years in return for getting their brand name out and known early.  Small-timers like me can't sustain any commercial-scale loss.

Well...thats why Im here asking you.  So far its been very helpful.

Amazing response, I am happy with the interest people have shown regardless.

Lots of good points raised, I've been through all of these methods myself but I always had a nagging paranoia compared to how I feel about my bank account (fairly chilled).  Now I use an easy solution that makes me feel super secure and generally happier, though I apologise for not directly sharing it - it's something I may want to patent.

I recognise, as many have said, that the current methods are very cheap (which may be difficult to compete with in the market).
Hardware wallets like Trezor are waaay too expensive though.



I mean that paper is weak because it could disintegrate over time, even from common things like dampness in the house, drying up over many years and disintegrating, a rogue child could puke on it, a rogue teenager could spill beer on it, you could spill beer on it, insects might much it down.  Of course when that happens say goodbye to all the money.

Making multiple copies may seem like the solution...2 (still scared), 3 (just about OK), screw it I need to make 5!  Now the problem is that there are 5 copies hidden in different places and this brings a completely new kind of paranoia because 5 is a full time job to monitor and it's even harder to know if one of them has been discovered.  It's very possible that I could even forget the location of one when there are lots of them and suddenly I have no idea if the wallet is safe or not.

 
Vires in Numeris