Hey guys, Can I be a part of the new team? I'd like to make a few million once we get enough investors. Once a few thousand bitcoin come our way, a nice little 'hack' (i mean...oops oh no, we got hacked guys, sorry, peace out) will happen and the btc lost disappears into our pockets the hacker's pockets. Can't wait until the next launch! Glad to see your user's lost funds going into a new development of the site  Wait to see if their assurances about reopening will come true. It might be no over yet. They also promised to give back BTC to their customers. Personally I don't believe in their promises. I am glad they weren't big international exchange and so far this hack didn't impact bitcoin price at all. There's a story about it on cryptocoinsnews saying Bitcurex is forcing anyone who wants their money back to fill out a claim form that requires huge amounts of information. It's unlikely anyone will be able to provide it all so they won't have to give many BTC back to their customers if they do reopen. They probably want original weekly wage slips going back 20 years stapled onto a paper form, no scans or photocopies allowed. https://www.cryptocoinsnews.com/polish-bitcoin-exchange-bitcurex-goes-offline-losing-assets-questions-loom-loss-2300-btc/Kisiel commented that Bitcurex could be playing for time, and customers will have problems recovering their funds. He said the information Bitcurex is requiring customers to provide to recover funds is so extensive that many will not be able to gather all the data. He emphasized the fact that the company is not regulated and clients’ funds are not protected. |
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interesting! there is currently 28K+ unconfirmed transactions according to blockchain.info.
but in my experience this usually happens for two reasons:
1) there is gap between blocks that were found (this is not the case here there were 5 blocks in last hour)
2) there is a spam attack going on (don't know how to find out if this is true or not!)
There might have been 5 blocks in the hour before you posted but steven0021 says that yesterday there were only 12 blocks over a span of 3 hours. Normally there should be 18 blocks over a span of 3 hours so the mempool got filled with unconfirmed transactions. I haven't heard about a spam attack recently. Can someone please tell me why the last two transactions to this address are still not confirmed.
1EJZgZ2gYoYFDoK3mL8SLwHGD7BVJVuZTN
I think that I have paid more than enough fee.
Thanks
50 satoshi per byte fee is not "more" than enough anymore, but high enough to get your transaction in the next 20 blocks or so. Problem is there's only 12 blocks since 3 hours ago and the latest was 1 hour and 12 minutes ago (which means that you're unlucky.). So your transaction should be confirmed within 6 blocks (or 1 hour average). Edit: Whoops. Terrible math in action there. I meant 8 blocks, not 6. |
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It would have to affect the price positively.
During the last spam transactions attack Bitcoin's price mooned rather than crashed. The attackers couldn't afford to keep paying for spam transactions for long, and if you wanted fast confirmations all you had to do was pay a higher mining fee than normal. Ironically the last attack was good for Bitcoin's price, but as the mempool currently has only a few thousand transactions in it the network isn't under attack today. |
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Hey guys,
Been wondering how Bitcoin can leverage the Chatbot wave.
As AI and Natural language processing gets increasingly easier, It is important to leverage platforms like facebook, messenger etc to help the average person use Bitcoin.
I have been thinking of a few things that could be developed
1. Bitcoin Transaction bot - telebit.org
2. Bitcoin RSS / News bot - @bitcoinrssbot on telegram
3. Altcoin news feeds - A user here has been selling it
4. Bitcoin wiki bot - standard wiki representation on a chatbot
What do you think are the next frontiers for bitcoins and chat bots ?
What would you pay for in a chat bot ?
Yes it is a good idea. But for me instead of bitcoin leveraging the chatbot wave i prefer the chatbots will leverage bitcoin industry. But any of the two bot the chatbot wave and bitcoin will be leveraged. Anyway maybe i just misunderstood your post, but i do hope your suggestions may be developed and bring some positive feedback on bitcoin. The more bitcoin is upgraded the more users will come to use it that will in return bring about a price inflation to bitcoins value due to higher demands. I am currently looking at chatbots that function as a wiki to try and make a chatbot to which individuals can talk to understand basics of Bitcoin. Feel free to ping me with one you find relevant or PM me to volunteer to build this  As for tipping, I think telebit already makes this happen. Maybe we could do this via fb too ? I like your idea of offering a chatbot that people can choose to use to learn about Bitcoin. However, I don't like the idea of someone starting to use a chatbot to push Bitcoin information onto people who haven't chosen to use it. People would be grateful for a chatbot service they can choose to use, but would hate a chatbot service that forced itself on them. |
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new money or news ... or both.
ETF rumours?
SegWit roll out in 2 weeks
Miners' shorts getting too tight ...
Whatever caused it this is the most excitement the price has created in three weeks. Maybe its because the holidays are over. That $30 instant move might be the start of higher moves over September. All it has to do now is go convincingly over $600 to start a rally. |
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I think the OP may need to put a little less "conspiracy sugar" in his morning coffee.
The "big institutions" can create all the blockchains they want with all the taxes and government oversight they want... and the various governments of the world can do the same... and everyone can feel free to ignore them and continue using Bitcoin (or whatever new and improved cryptocurrency that comes along) that remains decentralised and without the taxes etc.
The Bank of England studied the advantages of it issuing its own Bitcoin-like digital currency. It found using the currency could increase the United Kingdom GDP by $80 billion because it would reduce interest rates and financial transaction charges. The study doesn't mention tax, but a Bank of England coin would probably make it easier to collect it. On the other hand it's not likely a Bank of England coin could destroy Bitcoin, so Bitcoin users would be unaffected. https://cointelegraph.com/news/digital-currencies-like-bitcoin-could-increase-uk-gdp-by-80-billionThe less-than 2-minute informative clip highlights key findings attributed to the Bank of England and the IMPACT Institute for the Digital Economy as sources as to what the UK would benefit by issuing a digital currency. The Bank of England modelled an economy with a digital currency equal to 30% of GDP with a simulated digital currency that was subjected to real world business cycles.
“The results suggest a 3% annual increase to GDP. An increase of $80 billion to the United Kingdom GDP,” it shows, adding that an explanation was that the central bank’s digital currency reduced both interest rates and the cost of financial transactions.
The study found that digital currencies will give governments another tool to control inflation and interest rates. Payment and record keeping in digital currencies would be decentralized.
All these would be possible with the blockchain technology that powers digital currencies like Bitcoin. |
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The users should already have to remove their bitcoins from bitfinex when it was hacked a few months ago, at that time I was having a doubt that there will be something problem from the owner and that is why I preferred to stay away from there.
When it abruptly went offline for days it was a clear sign something was wrong. People should have heeded that warning and removed their Bitcoins. Nonetheless Bitfinex was the biggest exchange for liquidity, and trading in large amounts of coins was only feasible on Bitfinex. The markets of the other exchanges were too small for whales. The whales could only choose to trade at Bitfinex or not trade at all. Some risked it and paid the price. |
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It's definitely on the list. One day I hope to come across somewhere so desolate and depressing that I instantly drop dead from sheer despair. In the UK Port Glasgow does a nice job. I think some forgotten city in Siberia's going to do it.
lol, sounds like you've taken inspiration from Karl Pilkington. There's a book called crap towns whose readers voted for the 50 crappest towns in the UK. Glasgow was voted joint fourth crappest with Edinburgh in 2004. If you want a crapper town than Glasgow try visiting Sunderland, Windsor, or Luton. The 2004 vote for the number one crappest town in the UK was Luton. https://en.wikipedia.org/wiki/Crap_Towns1. Luton 2. Windsor 3. Sunderland 4. Edinburgh (equal place with Glasgow) 4. Glasgow (equal place with Edinburgh) There might be similar crap town votes held in other countries that could tell you the most desolate and depressing places to visit. Hm, some parts of some of those cities are quite nice (just watch out for garbage trucks in Edinburgh though). I don't really know who this pilkington bloke is. Luton seemed OK enough to me. I've lived in Glasgow and Edinburgh and had a fine old time in both. I even went on holiday to Hull and nearly shat myself with sheer joy but nothing's beaten Port Glasgow though most of Coventry runs it pretty close. The urban planners did more damage to Coventry than Hitler's bombs ever could. Regarding the crap towns vote, you missed out Sunderland. You really should visit it considering it was voted third crappest town in the UK. The best time to visit is when there's a home game against Newcastle on. Here's a few pictures of the aftermath of a previous game so you know what to expect.   |
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Seems that there is No privacy for coinbase users, they are spying on people, but if the KickAss owner was using hardware wallet like trezor and ledger can they still track him and their users? Btw how apple helped to track this guy?
Apple provided records that show that an iCloud (me.com) account was used to purchase something on iTunes, and that account's IP address also accessed the Kickass Facebook page. Also the iCloud account's email address was used to register a Coinbase account that contained Bitcoin donations from Kickass. https://www.engadget.com/2016/07/21/kickasstorrents-apple-facebook-homeland-security/Jared Der-Yeghiayan, a special agent with the US Department of Homeland Security, was tasked with tracking the man behind KAT
...
Der-Yeghiayan was able to link the email address found in the WHOIS lookup to an Apple email address that Vaulin purportedly used to operate KAT. It's this Apple account that appears to tie all of pieces of Vaulin's alleged involvement together.
On July 31st 2015, records provided by Apple show that the me.com account was used to purchase something on iTunes. The logs show that the same IP address was used on the same day to access the KAT Facebook page. After KAT began accepting Bitcoin donations in 2012, $72,767 was moved into a Coinbase account in Vaulin's name. That Bitcoin wallet was registered with the same me.com email address. |
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You should come to Svalbard. It's the poor mans Antarctica.
It's definitely on the list. One day I hope to come across somewhere so desolate and depressing that I instantly drop dead from sheer despair. In the UK Port Glasgow does a nice job. I think some forgotten city in Siberia's going to do it. There's a book called crap towns whose readers voted for the 50 crappest towns in the UK. Glasgow was voted joint fourth crappest with Edinburgh in 2004. If you want a crapper town than Glasgow try visiting Sunderland, Windsor, or Luton. The 2004 vote for the number one crappest town in the UK was Luton. https://en.wikipedia.org/wiki/Crap_Towns1. Luton 2. Windsor 3. Sunderland 4. Edinburgh (equal place with Glasgow) 4. Glasgow (equal place with Edinburgh) There might be similar crap town votes held in other countries that could tell you the most desolate and depressing places to visit. |
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 Just alert got on . Vern running out of money or other thing got so badly ,he want to shutdown that website n start a new UI website + totally different form cryptsy  . I got nothing support msg reply ( why they doing this lol ) Closing of Bitebi9 on 23rd.June coincided(no way by accident) with the putting rest of 3300 BTCs from selling allegedly stolen altcoins from Cryptsy to Bitcoin mixer - Bitmixer.io.Series of transactions were conducted on 21st,22 and 23rd.June and all of them to Bitmixer.io. Soon after series of huge dumps occured on Huobi and OKCoin. Now there are no slightest doubt that Vernon is behind alleged hack.He sold all of his Bitcoins except 11825 BTCs taken on 29.July 2014. Wallet with BTCs obtained from selling altcoins : https://www.walletexplorer.com/wallet/1356a64174770337 So where's the money? Paul closed bitebe, he should have about $2 M worth orf RMB if dumped that much on the chinese exchanges, how could he get that much rmb without a paper trail leading right to him? and get it out of china? Show me proof that he is, or ever was, in China. And don't give me any of that WHOis info crap. lol Do you honestly believe that the Chinese government would allow some rando ex military (and a known con artist and thief) to just waltz in and set up shop ? Hey everyone ! Its time for the Pick the Fake Alias game !! The winner will receive a prize package and dinner for two (courtesy of Leroy Fodor's aka. BIGJohnson124 web cafe) with the BigVern of his/her choice ! lol BigVern # 1 - Nice forehead and chin dimples doood !   BigVern # 2 - Imposter !  https://www.youtube.com/watch?v=3Vynm0xbCak  Add this one to the collection. This guy looks nothing like the one in sunglasses from twitter, and I'm not sure if he could even be 2 - Imposter. A few years can make a difference to someone's appearance though. He's probably ageing rapidly with the stress of being on the run. |
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Yes, so far good news is there was no mega dump But, the fact there's still the same trading pattern as before confuses me even though we should wait more to make any comment.
I would say the halving has been priced in when we reached almost $800 in June. Now is ordinary work
Nothing happened on the first halving day, or for months afterwards. The price stayed flat then slowly climbed. There was no pump, the price gradually climbed for months afterwards, and that might be how the price works in the next months of summer. |
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When is activation?
It depends on the miners. Any miners that choose to upgrade to 0.12.2 can produce blocks that are like a vote for segwit. After 95% of blocks have been produced by miners "voting" for segwit in a 2,016-block long retarget period segwit will be locked-in, about two weeks after that it will activate. https://bitcoincore.org/en/2016/06/24/segwit-next-steps/Deployment plan
The following plan describes how segwit is expected to be deployed.
Merge to master (without mainnet activation code): after Bitcoin Core developers “ACK” (approve) the final segwit pull request, it will be merged into the Bitcoin Core master Git repository branch. The code that is being merged will include everything in segwit except for the activation code. This will make it easy for developers to test other features on top of segwit, such as compact blocks. Activation on testnet has already occurred so users and developers may experiment and test segwit on testnet.
Backport to 0.12 branch: the unactivated code will be backported to the 0.12 maintenance branch and the backport will receive its own testing.
Choosing the BIP9 parameters: BIP9 is a soft fork deployment mechanism that allows miners to signal their readiness to enforce new consensus rules. Each soft fork made with BIP9 chooses when miners can begin signaling for the soft fork, when the soft fork is considered unsuccessful if not enough miners have signaled for it, and which bit in the block header version field will be used by miners to signal their readiness. These parameters will be selected at this time and implemented along with the code to activate segwit on both the master and 0.12 branches.
Release candidate phase: after all developer testing is successfully concluded, a release candidate (probably named 0.12.2RC1) will be publicly provided to anyone willing to test the code. Miners, merchants, and wallet vendors are especially encouraged to test. If any problems are found, they will be fixed and a new release candidate will be issued. This will be repeated as necessary until a release candidate is found with no known problems.
Binary release: the final release candidate will have its version changed to the final release version (expected to be 0.12.2) and will be released for all users to download and begin running at their leisure (segwit is a soft fork, so upgrading is only required if they plan to use segwit features).
Miners upgrade: miners who choose to upgrade to 0.12.2 will be able to start producing blocks that signal readiness to enforce segwit once the date defined as segwit’s BIP9 started date is reached.
Lock-in: once 95% of blocks in a 2,016-block long retarget period have signaled that their miners are ready to enforce segwit, segwit will lock-in – meaning that unless the blockchain is rolled back at that point, segwit will become active (see next point).
Activation: 2,016 blocks (about two weeks) after segwit is locked-in, it will activate. That means all full nodes running segwit-aware code will begin requiring miners to enforce the new segwit consensus rules.
Wallets upgrade: similar to the P2SH soft fork in 2012, after segwit activates it will not immediately be safe for wallets to upgrade to support segwit. That’s because spends from segwit transactions look like unsecured transactions to older nodes, so if the blockchain is forked soon after segwit activates, those spends could be placed in an earlier block that is not subject to segwit’s rules. For this reason, it is suggested that wallets avoid upgrading for a few weeks after segwit activates. Allowing that extra time to pass provides extra security to wallet users, although anyone who wants to test with a small amount of money they can afford to lose can begin spending as soon as segwit activates. Users can also begin testing immediately using testnet or regtest with the proposed segwit code or (when available) any release containing segwit. However on May 23, 2016 bitcoinmagazine said antpool will not "vote" for segwit without a block size increase. https://bitcoinmagazine.com/articles/antpool-will-not-run-segwit-without-block-size-increase-hard-fork-1464028753 |
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I think either of the options could happen, but I don't think those are the only two options possible. Anything can happen to Bitcoin, and it's often the unexpected that happens rather than one of a few options people work out. Few people predicted the fall to $150, and I don't think many future predictions will be right either.
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http://satoshi.nakamotoinstitute.org/posts/bitcointalk/65/The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.
In later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production more than the other way around.
At the moment, generation effort is rapidly increasing, suggesting people are estimating the present value to be higher than the current cost of production. ... does that spell it out clearly enough for you? Doesn't the fact that supply is fixed suggest that production cost follows the price? ... therein lies the magic, difficulty ratchets up cost and price ratchets up difficulty ... it's a virtuous circle from which the counterfeiters cannot escape. Yes, but nothing ratches up price, so it is the driving factor, no? People panic buying when they panic about missing out ratches up the price. The more people hear about the price ratching up, the more people start panic buying. That's the biggest driving factor. |
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I don't think that duplicate wallet address is virtually possible.
Its impossible. ... It's so unlikely that it's as good as impossible. To calculate the same address and private key as someone else is more unlikely than getting hit by lightning at 12 noon for six consecutive days, then winning the lottery on the 7th day. If you search bitcointalk you will find countless threads by people who lost their private key for their Bitcoin wallet and want to know how to get their Bitcoins back. The short answer is without their private key they can't. |
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Wall Street doesn't give a toss about decentralization. If it turns out the market doesn't either, eventually a competing hard fork will take Core's place.
Smallblockers want to maintain node decentralization by centralizing code development. I don't see any way to decentralize code development. Competing protocols doesn't seem to be the answer. everyone codes whatever feather they want miners vote on the feathers they are ready and willing to accept once >90% of miners are all accepting a specific feather it is turned on. core is going to start using this method soon. But even if 90% of the miners are mining something, it's the nodes that determine the longest valid chain. That's why they can't just fork off at will. Isn't it? But it's damn cheaper to set up 1000 nodes than to run a mining farm. Any big farm that wanted to get control of the majority of nodes could temporarily set up thousands of them running the software of their choice. How many nodes would $50000 buy? That kind of money's small change to a big mining farm. |
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If there is ever a suspicious outgoing transaction in any of your wallets, switch wallets immediately!
The first thing you should do is make sure it won't happen again. In the worst case if you don't trust your computer fully, send it to an exchange with 2fa enabled. That way, even if you are keylogged, the coins will be protected (note I do not recommend storing coins in exchange, but in this case with low value it may be ok temporarily).
If you were really hacked, the hacker might have left coins in there in the hopes that you might refill it again so he could take more. Definately change to a new wallet with a new private key.
That's good advice, but don't use your phone to enable 2fa on an exchange if its been connected to your computer. Use a phone that's never been connected to the potentially infected computer in case your computer managed to infect your phone. It's better being safe than sorry. |
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We are nowhere close to "everything will suck soon" tm. You guys have been saying that for a year now btw.
Actually several years. We've been repeatedly pointing at the same stupid, unnecessary hard ceiling, and pointing out that the inexorable trend of increasing transactions has us on a clear intersect. In the meantime, we have recently gone from things never sucking in regards to capacity, to things sucking for brief flashes of time. The issue is not how much one needs to pay to get a transaction through, the issue is that with the current block size, no more than about 350,000 transactions can be processed in a day. Period. No matter how much money is thrown at the transactions.There have been times when I had to wait for multiple full blocks before my transactions got included in one. The time from sending the transactions to getting six confirmations was hours, not an hour like it's supposed to take. At other times when the blocks weren't full and if I got lucky getting included in a block and getting six confirmations took less than an hour. The problem's already manifesting itself, but intermittently. |
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