Bitcoin Forum
May 08, 2024, 05:52:56 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] Crypto Rush - Crypto to Crypto exchange on: May 23, 2014, 11:24:09 PM
paying well for accurate personal details on linkandzelda. money(BTC or w/e) can be held through an escrow. anonymity guaranteed.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto on: March 14, 2014, 01:20:45 AM
wtb 100k SLR. PM offers
3  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Auroracoin BUY/SELL thread on: February 28, 2014, 01:46:13 AM
Buying large amounts of AUR. The spread on both exchanges are rubbish. PM if you're selling at a reasonable price.

Will use an escrow.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland on: February 28, 2014, 01:41:08 AM
Buying large amounts of AUR. The spread on both exchanges are rubbish. PM if you're selling at a reasonable price.
5  Other / Beginners & Help / Re: Step by step cold storage that complete noobs can do on: February 28, 2014, 12:23:56 AM
"How to import(bring back into an online wallet) offline bitcoin for use in commerce:
IMPORTANT: WHEN IMPORTING FROM A PAPER OFFLINE WALLET, YOU MUST IMPORT THE ENTIRE AMOUNT OF THE OFFLINE WALLET. IMPORTING A FRACTION OF IT WILL CAUSE THE REMAINING BALANCE TO BE LOST FOREVER."


cant stress this enough.
6  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Dope coin Buy/Sell Thread on: February 27, 2014, 11:50:23 PM
Selling 12 000 Dopecoins to highest bider ! Biding starts at 0.05 BTC. Bids lower then +0.01 BTC will not be excepted.

You can give a bid by quote or send me a PM.

Biding will end at 24.00 GMT +1

will buy for .05BTC. Not a bid but an offer.
If i dont get any bids i will sell it to you for 0.05BTC i will send you a PM tonight

0.06 BTC

0.07 BTC
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Auroracoin is a gimmick on: February 27, 2014, 11:40:07 PM
you must be butthurt from missing that spike
8  Other / Archival / Re: Lessons from MtGox collapse on: February 27, 2014, 11:28:44 PM
Never deposit or keep a significant portion of your bitcoin or fiat currency on an exchange unless you are OK with losing all of it.  At some point, because of theft, seizure, or negligence on the part of the exchange, you may be faced with losing it all, and you will most likely be powerless to do anything about it.

If you are using an exchange to store bitcoin, reconsider whether this is really necessary.  Many people store bitcoin on exchanges so they are able to quickly sell if necessary.  Most exchanges will give you access to bitcoin deposits with 6 confirmations.  Keeping your bitcoin in external wallets and being willing to wait for an hour or so for 6 confirmations reduces the risk of storing bitcoin on an exchange where it can be stolen, seized, or lost.  Why take the risk?  Is one hour really too long for you to wait to sell your bitcoin?  I would argue that it is worth waiting for 6 confirmations to have the peace of mind that your bitcoin is safe and secure outside of an exchange.

As a side note, consider using multiple external wallets.  Why put all your eggs in one basket?  If you are storing 100 bitcoins, it is better to have 5 wallets with 20 bitcoins each than 1 wallet with 100 bitcoins.  Depending on the amount of bitcoin you have, you may want to spread it out amongst even more wallets.  You can make as many wallets as you need and it does not cost anything to do so—so take advantage of that feature to reduce the risk.  Make backups of the wallets and store them in safe and secure places.

If you are making trades in or out of bitcoin, divide your holdings and spread out your transactions so that you never have all of your bitcoin or fiat currency on a particular exchange at one time.  For example, if you want to buy 100 bitcoins, deposit enough fiat currency to buy 20 bitcoins and wait until you have the 20 bitcoins that you purchased in an external wallet before depositing fiat currency again.  If you do not have the bitcoin that you purchased in an external wallet that only you control, do not initiate another transaction.  This takes longer, but it reduces risk of losing all 100 bitcoins at once or 100 % of the fiat currency you were planning to use to buy bitcoin.  If you are selling 100 bitcoins, deposit and sell 20 at a time and wait until you receive the fiat currency payment before you deposit another 20 bitcoins to sell.  This takes a lot longer, but it reduces the risk of losing 100% of the fiat currency or all 100 bitcoins at once. 

Before using an exchange, take some time to read about the exchange on these forums and then make a decision whether you are willing to risk losing bitcoin or fiat currency on that exchange.  The exchanges that have serious problems often have multiple ongoing threads on this forum.  Multiple threads about an exchange with unresolved issues should serve as a huge red flag.  If those who lost bitcoin or fiat currency on MtGox had reviewed the numerous threads here about MtGox, it is unlikely they would have chosen to take the risk of using MtGox to buy, sell, or store bitcoin.  If they had reviewed those threads and still decided that they were willing to take the risk, splitting up their transactions as noted above would have reduced their overall loss.


TL;DR

DO NOT leave what you can't afford to lose in ANY exchanges.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Mintcoin or NXT coin?? on: February 27, 2014, 11:19:36 PM
currently Nxt is before releasing of its super feature - asset exchange (= colored coins), so the price of Nxt will skyrocket in a few weeks

colored coins? wouldn't this destroy the fundamental element of crypto currency (anonymity)?
10  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Buying CatCoin on: February 27, 2014, 11:06:12 PM
great to know catcoin is back!
11  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: !!! WTB 200M (200,000,000) BatCoins for 1BTC !!! on: February 27, 2014, 11:00:59 PM
I have sent a PM.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | Launched | scrypt | PoS | No premine on: February 27, 2014, 10:58:05 PM
pardon my question if it has already been answered.

are we able to start mining POS now or do we have to wait till all POW coins are mined?
13  Bitcoin / Bitcoin Discussion / Re: Double spent really not that much of an issue? on: February 27, 2014, 01:55:18 PM
IIRC some bitcoin gambling website got hit huge by a double spend attack?
14  Alternate cryptocurrencies / Altcoin Discussion / Re: 【WTB】wanna buy 1Million xivracoin on: February 27, 2014, 01:35:51 PM
wow only a few days and this coin has been added onto an exchange, good news!
15  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: S> DOGECOINS! Skrill / Paypal / BankTransfer SELL DOGECOINS! on: February 27, 2014, 01:19:19 PM
Sent you a PM regarding your rate for doge/btc.
16  Economy / Currency exchange / Re: [WTB] 0.5 BTC via paypal & skrill on: February 27, 2014, 12:30:29 PM
sold OP 0.5 BTC through paypal. he sent first. So far so good, no chargebacks!
17  Alternate cryptocurrencies / Altcoin Discussion / Re: New site for analysing crypto coins on: February 27, 2014, 09:17:45 AM
great site! very informative and useful.
well done!
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Correspondence with the XCP Hacker on: February 27, 2014, 08:18:52 AM
If he truly wanted to steal those BTC, I dont see why he would be contacting them?
19  Alternate cryptocurrencies / Altcoin Discussion / Re: PREMINE - What's happening on: February 27, 2014, 07:53:40 AM
Honestly, I don't see anything wrong with a premine, at least in cases where devs took the time to develop a coin and obviously care to see it progress.  I see it as having a stake in a product, legitimate businesses do it.  Founders, CEOs, a lot of big wigs have large stakes in their companies, why should cryptocurrency be any different?  Because it has low/no startup costs?  I don't buy that argument, after all, isn't a person's time worth something?  Besides, it's not like it changes anything inherent within the currency itself.  A currency with a purpose will continue to have a purpose as long as people give it one.

I've said it once before, I don't mind if someone profits with an idea that can change the world for the better, and I sure as heck don't mind if someone profits in the process of helping me see profit.  Everyone who makes the premine argument seems so focused on what they're putting in other people's pockets, and what's more, they seem so hurt by it.  Why?  Granted, I can see why getting burned by a dev who used you as a platform to make some quick cash can be frustrating, but should that really condemn the other creators who are actually trying to do something with a crypto?  Is it really that bad to see someone get paid for their efforts?

Most coins are "developed" through cut and pasting, doesn't take much for a dev to start his own alt coin.

IMO anything above 0.5% premine is rubbish. Most of those coins don't go to "marketing and promotion" anyway.
20  Economy / Currency exchange / Re: Buying BTC - $100 Worth on: February 27, 2014, 07:43:30 AM
Preev rate +2.5%? PMed.
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!