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April 21, 2018, 02:06:28 PM *
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1  Bitcoin / Press / [2018-04-20] Cointelegraph - Wikileaks calls for Coinbase boycott after shop ban on: Today at 01:09:17 PM
https://cointelegraph.com/news/wikileaks-shop-reports-suspension-of-coinbase-account-due-to-terms-of-service-violation

This is a really weird story. I can't believe Wikileaks is still using a centralised service considering their own history of shutdowns as if they expected Coinbase to be any different to Paypal.

And I also thought Putin was paying the bills anyway these days.
2  Bitcoin / Press / Re: [2018-04-20] Europe Introduces Customer Verification on Cryptocurrency Exchanges on: Today at 12:57:44 PM
In the time that I have been a user of Bitstamp, they opted me to verify myself 2 times, while the first verification was accepted without any problems. It was probably an attempt to grab more information from users and to check if everything is still in order. Why don't they force sites to do this when it comes to gold? I can buy thousands worth of gold and have it be delivered the next day like I bought a new pair of shoes. Roll Eyes

I'll never use Bitstamp again for this reason. You have no idea when you're going to trigger them and you may never have enough documentation to satisfy them.

I can register on a share trading website with nothing other than a passport and proof of address and trade trillions of dollars forever. Why should some anonymous Slovenians require a photo of the interior of my glans a couple of years down the line? Verify me once or fuck off.
3  Bitcoin / Alternative clients / Re: Ledger Nano S firmware update 1.4.1 on: Today at 12:48:46 PM
Why aren't people simply wiping it completely before even attempting the firmware upgrade? I wouldn't bother dicking around removing individual apps. I'd simply nuke it and start again from scratch. Just do the wrong pin three times and you have a blank slate.

Obviously make sure you have your seed in order beforehand.
4  Bitcoin / Development & Technical Discussion / Re: Bitcoin HD Wallet and Privacy on: Today at 12:30:05 PM
2. No, no one can deduce those two addresses are from the same wallet
as long as you don't use them in one single transaction or use the change with another address

I believe that if someone obtains one private key it is possible for them to figure out the seed in which case they can link you to other addresses.

The only likely instance of that is when you're entering a private key in third party software to get a Bitcoin fork, but if you're doing that you should be abandoning all addresses linked to that seed anyway.
5  Economy / Service Discussion / Re: SO DISAPOINTED ABOUT HUOBI EXCHANGE on: Today at 12:24:05 PM
Huobi makes me nervous. I've never had an overt issue but there've been all sorts of odd glitches and I don't really trust anywhere that can't be bothered to remove its Chinese from the supposedly English side.  

I've no idea how much work it is for them to retrieve this, but a customer may award them tens of thousands of dollars in fees over several years of trading. Charging them to rectify a mistake signals an underlying contempt to me.
6  Bitcoin / Bitcoin Discussion / Re: The UK launches Bitcoin Futures. on: Today at 12:17:40 PM
The United Kingdom does not want to be left behind with this kind of innovation. They also seen the beauty of bitcoin and thus they also launched bitcoin futures.

It's just an exchange that launched it, and a tiny one in the global scheme of things.

The sum total of the British government's position on all crypto is a few pages from four years ago from the tax man as far as I can tell.

The UK appears not to care in the slightest and may well find themselves totally left behind compared to the more proactive economies.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: Today at 12:13:00 PM
https://medium.com/nemofficial/an-interview-with-nem-core-developer-bloody-rookie-4b05c340773d

Nice interview with one of the catapult core devs. Worth a read  Wink

He's having a moan at the community again. Fair enough. But in the past the core team have rarely acknowledged any community effort and weren't remotely interested in interacting with them or listening to suggestions. That hasn't fostered an atmosphere that encourages people to pitch in.

That's changing now but a lot of potential has been squandered and I'm sure people have walked to other more inclusive projects.
8  Bitcoin / Bitcoin Discussion / Re: Is there space for another exchange with the simplicity of coinbase and the spre on: Today at 12:09:07 PM
I think we're quite a long way still from the ideal. Someone will come up with something that ticks most of the boxes eventually. The most neglected, or rather most difficult aspect, is support and I'm not sure anyone can afford to have that A1.

The next issue is that if another monster was created, what stops them becoming evil like all the other behemoths? The best possible outcome would be decentralised operations that worked without a hitch.
9  Economy / Trading Discussion / Re: Turning Bitcoin into ££££ on: April 20, 2018, 07:51:52 PM
https://www.finextra.com/newsarticle/31969/transferwise-becomes-first-non-bank-to-open-settlement-account-with-bofe-rtgs

Transferwise, an occasional crypto supporter who had to reject crypto business because of bank pressure, now will have direct access to the faster payments network and other banking goodies directly without having to go through existing retail banks.

If they return to crypto that could make accessing foreign exchanges cheaper and quicker, especially USD ones as there's a few options for EUR already.

For some reason Brits are one of the very few dirty foreigners that Gemini accepts. That could make a neat combo.
10  Bitcoin / Press / Re: [2018-04-19]What Bitcoin Is Really Worth?Itís somewhere between $20 and $800,000 on: April 20, 2018, 04:56:59 PM
What if bitcoin cost as much as Satosi spend on it? Like the price of electricity plus something tiny,  so the actual price of bitcoin is just couple of dollars this way. But what makes bitcoin price high as it is today?  I think the reply is obvious - people's interest and all those money that they already put into that.

That's how the very first publicly set price was set. It was the cost of the electricity to mine it.

http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate

These days traders have taken control so they're controlling the price now, but if it did return to that formula it's possible the price wouldn't be much different than it is now.
11  Other / Beginners & Help / Re: Gdax is too complicated? on: April 19, 2018, 10:36:42 PM
GDAX/Coinbase has never been hacked. It's about as safe as anywhere can be I'd imagine.

GDAX is for trading. Coinbase is purely for buying or selling. The two activities are very different. If all you want to do is convert then stick with Coinbase if you don't mind the fees.

If GDAX didn't have the features it has it would be abandoned. Proper traders demand a huge amount of features to facilitate their activities. It may seem incomprehensible to you but it's all there for a reason and demanded by their customers.
12  Bitcoin / Bitcoin Discussion / Re: Will bitcoins be antiques on: April 19, 2018, 10:32:56 PM
I do find the idea of an 'antique' crypto quite amusing but I suppose it's more than possible considering what bizarro things people are enthusiastic about preserving and maintaining.

Will Bitcoin itself ever reach that status? Nope. Check the amount of development going on. It's rapidly warming up and is only going to get more diverse and impressive in the future. Almost all shitcoin development can't hold a candle to the thoroughness and long term vision in Bitcoin development.
13  Bitcoin / Press / Re: [2018-04-19]What Bitcoin Is Really Worth?Itís somewhere between $20 and $800,000 on: April 19, 2018, 10:09:33 PM
I'm pretty sure similar people nominated $50 when it was around the $1200 mark in 2013.

I'd agree that the price is almost entirely hot air, but then again so is almost everything else these days. Gold's price is 95% speculation and abstraction but what it has on its side is countless centuries of speculation and abstraction.

Even stuff with measurable fundamentals like Tesla is largely hype fuelled bunkum betting on a future that may never arrive. Same goes for the majority of internet based companies. Very few are making any money and never will.
14  Economy / Exchanges / Re: Selling on Localbitcoins vs an Exchange on: April 19, 2018, 09:56:35 PM
On Localbitcoins I would only consider a sale of that size to someone with thousands of transactions and peerless feedback. And that would mean that they were a professional broker who more than likely would be looking to pay below the market rate. There should be more than a few who have that much money available.

On the plus side there would be no possibility of triggering some unknown limit as can happen with exchange and you're more than just some ticket number.

If I had a GDAX account I think I'd still lean towards using that providing I was fully verified on there and my limits were clear. You could also look into Gemini and their daily auction or an OTC sale via somewhere like Genesis Trading but their minimum sell might add up to more.

15  Economy / Trading Discussion / Re: bad/good news relationship to the price? on: April 19, 2018, 09:50:51 PM
Seconded which i do have the same observation towards those news either negative or positive but most of the times negative news do really make impacts so fast. Even the news is just heading for few days but the price do already reacts until the day has come which isnt like on positive ones where it do make price movement upwards on gradual basis which i do rarely see on sharp spikes.

Good news is usually fairly abstract and something to be tucked away for the future.

Bad news usually sits on your face immediately and farts all over it. And it doesn't help that global media really, really, really still wants to find as much bad news as possible and give it some extra oomph too.

And it often turns out that the bad news is a lie or misinterpretation, but they're not going to bother correcting that.
16  Economy / Trading Discussion / Re: bad/good news relationship to the price? on: April 19, 2018, 09:40:06 PM
It's only bad news that affects the price and it's usually instant and even more usually turns out to be distorted factoids anyway.

I can barely think of one single instance of one piece of good news that boosted the price. The closest I can think is when the US senate made positive noises in 2013 and the price went up hugely in seconds, but it was primed to explode anyway.

If there's a strong trend in place it'll be immune to news. 2014 was exploding with good news. That didn't stop the rot.
17  Economy / Web Wallets / Re: Is it true? (xapo) on: April 19, 2018, 08:36:35 PM
Are you sure that our money will be safe out there? well they have ultimate control over our money so they can do whatever they want. For your information, my account has been locked due to something that maybe i against their rules (wich i forgot) what I'm trying to say is it's better to have your bitcoin on your pocket rather than trust a company to hold your private key, they can freeze it lock it or even worst.

I don't know what the present status is, but at certain points Wences Casares, Mr Xapo, was entrusted with securing the coins of almost all the super rich he got excited in 2011/12 ish. You can imagine how much that's all now worth. It must be, or have been, several hundred thousand coins.

But your point is the main one. All the security in the world is meaningless if they won't permit you to access your own wealth.
18  Bitcoin / Alternative clients / Re: Ledger firmware 1.4.2. wtf? on: April 19, 2018, 08:25:40 PM
It should be as simple as an app update but it isn't. If I am trying to follow the steps but the system doesn't work like it should, what should I do?

Get on here and ask - https://www.reddit.com/r/ledgerwallet/

Particularly here - https://www.reddit.com/r/ledgerwallet/comments/8cvf5q/firmware_update_142_now_available_for_the_ledger/

To be honest my Ledger is empty and I'm not so sure I'm planning on putting anything on it again. I've found Ledger's snootiness to vulnerabilities compared to Trezor's openness irritating.
19  Bitcoin / Alternative clients / Re: Ledger firmware 1.4.2. wtf? on: April 19, 2018, 08:05:16 PM
I think I will wait as well. I wasnít going to upgrade last time, and when I finally did, my ledger got stuck and I thought it was broken.  

I think it is sooooo unlikely someone hacks my ledger, especially because I donít have a lot of funds, that I think it is not worth all the hassle. And I donít know if they are going to come up with another firmware update in a couple of months.


I've seen Mr. Ledger saying this is much less onerous an update so should be completely problem free.

I see no reason not to update within a few days as long as it's been road tested by others. Updates are usually to address publicly known vulnerabilities. As it's public then the nefarious will get to work and perhaps uncover other avenues to get at your money.

Even if it's a modest amount, why take a needless risk?
20  Economy / Speculation / Re: Website to follow McAfee's $1,000,000 model on: April 19, 2018, 07:53:15 PM
Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?

I think you are.

This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.
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