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821  Bitcoin / Bitcoin Discussion / Re: What's your opinion about journalists talking about Bitcoin but are not Hodlers? on: April 27, 2018, 08:13:46 PM

I found this on the Twitter page of @CZ_Binance today:

Quote
I learned most journalists are forbidden by their employers to hodl any crypto. Should they be forbidden to own fiat if they write about trade-wars?  So now, we have journalists who have never done a single blockchain transaction writing/"teaching the public" about blockchain.


How can anyone enforce this? They can buy cryptocurrencies anonymously. They can decide to hodl them anyways, without anyone knowing. All they need is some basic knowledge about privacy. They should already know how to go under the radar if they are capable of researching the subject they are covering well, and that's it.
822  Alternate cryptocurrencies / Mining (Altcoins) / Re: CCMiner/MPH configuration help - Linux on: April 27, 2018, 06:07:31 PM
Plus, it stays on equihash the entire time, with no indication it is also switching or thinking about also switching.  Now, this is an all NVIDIA rig (4 1080ti, 2 1080), so equihash is likely the most profitable at any given time.  How can I be sure that A) its running/switching correctly and B) achieve the same stability as a pure command line start?
Equihash is usually the most profitable algo for NVidia 1080 Ti.
In spite of this, your script should change from time to time to other algos. You can check on the home page of MPH which one of them is currently the most profitable for your graphic cards. Your script should in principle follow that trend.
It's hard to be sure what your problem exactly is, but I would say that something is wrong with the switching script on your side. Also, mind that the ports are different when you mine a single coin, single algo, or mutliple algos.
823  Alternate cryptocurrencies / Mining (Altcoins) / Re: Passive web-miner with referral on: April 27, 2018, 05:58:24 PM
Try out this webminer by cryptotab, runs effortless in the background of your browser. https://getcryptotab.com/902236
I never click on links like this, especially when you haven't explained:
where I'm going to land,
what kind of code that page might activate on my side, and
what kind of action this webminer is supposed to initiate on my OS.
824  Alternate cryptocurrencies / Altcoin Discussion / Re: wtat are the biggest disadvantages of altcoin ? on: April 26, 2018, 08:41:18 PM
It is still too complicated to use cryptocurrencies.
Wallets apps or PC wallets are not user-friendly especially for the not tech-savvy.

To my mind, the single biggest problem is the level of technical knowledge required to use crypto-currencies without help from others.
Look how many people are really struggling when it comes to even the smallest problem regarding their PC.
They have no problem keeping their fiat money safe, though. But ask of them to keep their private key safe, that's a completely different story.
The single biggest problem to wide spread adoption is this lack of technical knowledge. And I don't see how we can solve it easily.
825  Bitcoin / Bitcoin Discussion / Re: "First they ignore us, then they laugh at us, then they fight us, then we win" on: April 26, 2018, 08:16:12 PM
This is for all those people who keeps looking at the graph's peaks and valleys, Bitcoin is not for day trading it is long term investment.
Looking at the graph's we easily forget about the long-term deflationary nature of Bitcoin as currency. This is something I learned from the brilliant lectures of Mr. Antonopoulos. Even compared to gold Bitcoin is much more deflationary (or soon will be), and as a result, it has already won as a store of value asset.

100% agree with if we are waiting that Governments will to make it legal, I guess it won't happen at least not that soon.
If I'm not mistaken, this is also something Mr. Antonopoulos emphasizes in his talks. Not only will they not make it legal, they will fight Bitcoin. They simply won't go down without a fight. Too much is at stake.
826  Alternate cryptocurrencies / Altcoin Discussion / Re: What will happen to 'lost' coins? on: April 26, 2018, 08:02:04 PM
Speaking specifically about Bitcoin, I found this article (linked below) claiming that nearly 4 million bitcoins are already very likely to have been lost:

Quote
According to new research from Chainalysis, a digital forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for good based on a high estimate—and 2.78 million based on a low one. Those numbers imply 17% to 23% of existing bitcoins, which are today worth around $8,500 each, are lost.

Source: http://fortune.com/2017/11/25/lost-bitcoins/

I don't know how much of this makes sense, to me the number is simply too high. But, who knows. Another point being made in the linked article is that people are going to be much more careful when sending bitcoins in the future, now that the value of this crypto-currency has been firmly established.  
827  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin, Dogecoin and Other Cryptocurrencies as Fast As Possible on: April 26, 2018, 07:52:02 PM
We are witnessing a massive transfer of wealth from money to digital currency in this decade. Curious mind wants to know what is happening under the hood of cryptocurrency. What are the implication of these currencies in the last age..
For an inspiring overview of the long-reaching implications of using crypto-currencies in our lives and in the society in general,
I suggest that you take a look at the book "The Internet of Money" by Andreas Antonopoulos.
It is a book that changed my opinion about Bitcoin, and a must read book for anyone interested in this subject. 
828  Alternate cryptocurrencies / Mining (Altcoins) / Re: SibCoin Mining Software with Low CUDA - help on: April 25, 2018, 04:27:26 PM
I have NVidia GeForce GTx930M, which has only CUDA 5.
CUDA 5 is not so much a problem as it is your low performance graphic cards. So, unless you want to try mining just for learning purposes, it doesn't really pay off.

Al SgMiner files get deleted by antivirus each time I try to download them.
If you know for sure that you have download a legit virus-free version of SgMiner, make an exclusion in your AntiVirus program by entering the full path to SgMiner to be excluded from scanning. Then it won't be deleted.
829  Alternate cryptocurrencies / Altcoin Discussion / Re: NANO Team is Being Sued! Is NANO Dead? on: April 25, 2018, 10:29:51 AM
Quote
Firano (owner of the BitGrail Exchange) was trying to negotiate with the NANO team to initiate a hard-fork to reverse the illicit transactions that were made from stealing money out of the exchange’s hot wallets.

Source: https://cryptoslate.com/nano-lawsuit/
It looks to me that the owner of the Exchange was trying to put the blame for his own mistakes and bad security on the NANO's team. NANO, of course refused to comply stating:

Quote
We have no reason to believe the loss was due to an issue in the NANO protocol. The problems appear to be related to BitGrail’s software.

Source: https://cryptoslate.com/nano-lawsuit/

Possibly this is the death of NANO if they lose the case. There were blunders made on both sides. On the part of NANO team they let their investors use wallets from Bitgrail instead of a hard wallet for security. On Bitgrail's part their security as well is not that tight when it comes to this kinds of issues regarding online theft or hacks.
I don't see how this can be NANO's blunder. People who use the currency are solely responsible with whom they entrust their coins. I don't see how NANO should be held responsible for the decision what wallet people prefer to use. No one can or should enforce people to use certain types of wallets vs others.
830  Bitcoin / Development & Technical Discussion / Re: Why Transaction Fees in the First Place? on: April 25, 2018, 09:54:44 AM
You will see the first transaction having the description Newly minted coins and contains 13.44037051 BTC.
Those BTC are made up of the mining reward (12.5 BTC) and the collected fees (0.94037051 BTC), visible if you click on the transaction
Thank you for the hint. I checked the last 10 blocks or so, and almost all of them were above 13 BTC, some above 13.5. Half a bitcoin or more on top of the block reward is not bad at all. If the price of bitcoin indeed goes up, it is not so difficult to see how the entire network could run just on transaction fees, despite the projected halving of the block reward.
831  Bitcoin / Development & Technical Discussion / Re: Why Transaction Fees in the First Place? on: April 25, 2018, 08:16:31 AM
They do have total freedom in that sense. That's really their only power. They are free to mine zero transactions beyond the coinbase transaction. But they are rationally incentivized to collect as much fee revenue as possible.

Speaking of the collected transaction fees, I was wondering what the average collected transactions fees per block are. Is there a website where one can check this? It would be interesting to track this parameter over time.
832  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Wallet on: April 25, 2018, 08:05:55 AM
I would rather use any of the official wallets for it (desktop or mobile) and a separate multi currency wallet for other coins.

https://getmonero.org/downloads/
This is the only option that makes sense.
Monero is a one of the top privacy coins. You use Monero if you want to keep your transaction completely anonymous.
So, you should install and use your own wallet.
Why would you use any exchange wallet if you care about privacy?
833  Economy / Economics / Re: How to find healthy food – with blockchain on: April 25, 2018, 05:44:35 AM
Apart from food safety in general, this concept could be even more valuable in the organic food industry. With organic food, we have to be able to trust that the whole chain of supply in terms of using only natural methods for food production and storage. This, in my mind, would be great, because currently, I have to trust my supplier blindly that the food delivered to me is organic. I have no real insurance.
834  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Coin from china on: April 25, 2018, 05:27:57 AM
NEO is the first coin that comes to mind when you mention China and crypto-currency in the same sentence. Great project and great team. The possible downside is that the Chinese government may decide to regulate NEO in some way at some point. In my opinion NEO is worth HODL-ing, but on the other hand, the market is volatile by nature and you NEVER know.
835  Bitcoin / Development & Technical Discussion / Re: Why Transaction Fees in the First Place? on: April 25, 2018, 05:14:21 AM
In order to make up for the decreased block subsidy, we need transaction fees. The transition from primarily priority to primarily transaction fees needs to happen at some point, and probably sooner is better than later.
It seems how now, but in the fast when all of this happened, 12.5 BTC was in fact a fairly small amount. First of all, the block reward was previously 25 BTC, and before that, 50 BTC. At those times, the block reward was worth a lot less in USD than the block reward is now in USD. It's USD value is so low that it was actually not profitable to be a miner for quite some time or you need to have special conditions (special electric prices, etc.) in order to be profitable.
Thanks, now that I read your reply, it's very logical and it makes a lot of sense.
836  Alternate cryptocurrencies / Mining (Altcoins) / Re: Suprnova finding blocks slower than ever? on: April 25, 2018, 05:03:24 AM
yet couldnt get what I thought or what WTM estimated!
WTM is never very accurate. My experience, they can be off by as much as 30 percent.

When I look through, blocks are rare to be found on suprnova, whereas pools with minimal hashrate could find considerably. Why is that?
This is simply not possible. The higher hash rate wins consistently. That's why people choose suprnova and similar large pools, because their rewards are consistent. A minimal hashrate pool can "only appear" to be winning for a very short period of time (because of pure luck).

837  Alternate cryptocurrencies / Altcoin Discussion / Re: How to do effective research on a coin you don’t know? on: April 25, 2018, 04:53:19 AM
Information on ICO projects was collected, including white papers, website information, the GitHub repository at ICO, and the founding team.
Yes, the first thing to check is the white paper. It can often happen that the white paper is poorly written. This by itself speaks a lot. I also tend to look for misprints. If you find mistakes, like typos or factual mistakes, it could be a sign of a sloppy project and a red flag.

Taking a look at GitHub, if it's an open source project, is another good advice. In particular, you would want to check the number of commits of the developers team. That is, check how active they are.

And finally, check the people behind the new coin or ICO. Check their past history. Did they have any other projects in the past? How successful those project were?
838  Bitcoin / Development & Technical Discussion / Why Transaction Fees in the First Place? on: April 25, 2018, 04:39:46 AM
I learned recently that the transaction fees in Bitcoin's early days used to be optional. They were considered something like a tip to the miners for their service. And people could have their transactions sent without them.

In addition, if I understand correctly, there used to be a rule that the older unspent transaction outputs were given some kind of priority over the newer ones.

Anyone cares to explain why and when transaction fees become mandatory. (Or are they mandatory? As far as I can tell, there is no way I could set 0 tnx fee in electrum.)

Was there a need to introduce a criterion by which miners could sort transactions in some meaningful way (that is, from highest fees to lowest)? Because miners seem to have total freedom when it comes to including transactions in the blocks they mine.

Was this really necessary, perhaps to prevent congestion? Other than that I see no reason to increase the mining reward, after all 12.5BTC seems to be high enough a reward.
839  Bitcoin / Development & Technical Discussion / Re: Output in coinbase transaction on: April 24, 2018, 06:26:18 AM
The rule states that it can't be MORE than the current block subsidy, but it can certainly be less.
It can also be EXACTLY 12.5 BTC in case an empty block is mined.
840  Alternate cryptocurrencies / Altcoin Discussion / Re: THE POTENTIALS OF THUG COIN on: April 24, 2018, 05:39:01 AM
It looks like a good joke. But then again, look at Dogecoin. It was created like a joke too, now it has a marketcap of $650 million. Who knows, one can never tell what the future brings.
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