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41  Bitcoin / Bitcoin Discussion / Re: Where to learn everything about bitcoin and blockchain and cryptocurrency.. on: July 10, 2017, 08:42:24 PM

I know a few thing or two but i want to know in dept about all this stufs like how blockchain functions


Once you've gotten past public blockhains and PoW/PoS, you might want to continue with reading up on private blockchain implementations that businesses are starting to look into. Hyperledger is one of them:

https://www.hyperledger.org/


42  Bitcoin / Bitcoin Discussion / Re: [Poll] Will you use Jihancoin? on: July 10, 2017, 07:58:38 PM
If JihanCoin will make me money in the long run and he can convince me that it would remain decentralized, then sure, I would use it.

As it stands right now, I am not yet convinced.

Most people don't give a fuck about decentralization

Bitcoin is already centralized beyond any hope as any PoW coin will eventually be (provided it has any value, of course), and how much people stopped using it just because of this? They are going to stay with Bitcoin "no matter what", but they scarcely understand that this genuine Bitcoin is not a lot better than the Bitcoin wannabe Jihancoin. All they care for are either sheer profits ("buy low, sell high") or future financial power which, as some of them strongly believe, it could give them when Bitcoin becomes next American dollar

As someone who has mined since 2011 and currently still have around 200 TH/s worth of equipment I disagree than PoW mining is more centralized now than it was in 2011 or 2012. I don't know if you remember DeepBit or gighash.io, two "centralized" pools that at different points in time reached approximately 50% of the global hash rate. They are now history. JihanPool is not immune from that.
43  Bitcoin / Bitcoin Discussion / Re: [Poll] Will you use Jihancoin? on: July 10, 2017, 07:25:39 PM
If JihanCoin will make me money in the long run and he can convince me that it would remain decentralized, then sure, I would use it.

As it stands right now, I am not yet convinced.
44  Other / Meta / Re: Account banned by forum moderator - Unban request on: July 10, 2017, 07:18:56 PM
Here is another more recent one:

https://www.quora.com/Is-now-a-good-time-to-invest-in-bitcoins-Is-there-a-potential-for-the-price-to-grow-even-more-Where-can-I-read-about-it%E2%80%99s-possible-future

Quote
In the last 1,5 years bitcoin has shown unprecedented stability as a financial instrument. It has been more stable than ever before which has increased trust in the currency. Historically large price increases have always been preceded by a stable period and now we’ve experienced the most stable period so far.

https://bitcointalk.org/index.php?topic=1631600.msg18489473#msg18489473

Quote
In the last 1,5 years bitcoin has shown unprecedented stability as a financial instrument. It has been more stable than ever before which has increased trust in the currency. Historically large price increases have always been preceded by a stable period and now we’ve experienced the most stable period so far.

45  Economy / Speculation / Re: Could Bitcoin price increase to $1 Million one day? on: June 30, 2017, 09:30:54 PM
Of course it is possible, especially since there is no time limit. Furthermore, it is only a matter of time before $1 million won't be worth much anymore.
46  Bitcoin / Bitcoin Discussion / Re: BTC 21million capacity (beginner inquiry) on: June 29, 2017, 06:00:38 PM
Basically, miners are given a reward every time they mine a block, which is a big group of transactions.  The reward began at 50 BTC, and a block is mined approximately every ten minutes.

Every 210,000 blocks (four years), the block reward cuts in half.  So it begun at 50 BTC, then changed to 25 BTC, and as of 2016 it's 12.5 BTC.

The idea is that the amount of fiat money people dedicate to Bitcoin mining fluctuates around the Bitcoin price and block reward, and the network automatically adjusts how difficult it is to mine a block based on the amount of computing power dedicated to the network, so that there is still about one every ten minutes.

The cap will be reached around 2140, at which point mining rewards would be solely transaction fees.

As far as I know miners get transaction fees and generated bitcoins (correct me if I am wrong).
If the number of bitcoins reach to 21 million, There will be no generated coins anymore. So the transaction fees will be increase as a  compensation for generated coins that don't exist anymore. Am I right?


You are right, but keep in mind that the transaction fees in BTC would likely go down if for example 1 Satoshi is worth $10.
47  Economy / Speculation / Re: Anyone else think "long term" hodlers are idiots? on: June 29, 2017, 03:13:05 PM
My brother both 20 btc for 22 dollars couple of years ago and forget that he got them. Few months ago I talked to him about btc and my activity on this forum and price of bitcoin today. He was shocked, checked his wallet and pleasantly surprised. Now he got little less than 60 thousand dollars. Worked great for him, definitely not an idiot. Me, I am young in this story, equally spending and saving and hope to have some benefits from it in the future.

Couple of years ago? The price high for 2015 was about around $430 and price low was around $215. How is that possible that your brother both BTC20 for $22? Are you trolling here?

To OP, looks like your holding didn't go well. It's more like being an idiot if anyone will think that bitcoin is not good for long term holding. Trying to create a panic? It's impossible. To create a FUD you need to shake the market.
Did you make fun of him by typing both instead of bought or what mate you both are the same? anyways if holding was what idiots do then

I'm sure Satoshi should be feeling like a moron right now, but hey look at him, has billions of dollars just by holding, I suspect OP has lost some

Money because of the drop in price, but there is no need to panic you idiot just hold and enjoy when we reached $3000 in the coming week.

Auto typing mistake(both). Can happened. Yes 2015 price you said. I have never said what year, I said couple of years ago. I think that year was 2010...

To most English speakers "a couple of years " usually means two years, more or less.

To me what is more idiotic is trying to buy the bottoms and short the peaks.

You attack people when you can't even type properly.  Is that a "member" account, lol, good luck.  If you were so smart, then perhaps you would be posting something besides negative information, and perhaps you would have fewer questions in your other threads and other accounts. 

Huh? Why so defensive, I wasn't attacking. I was just as confused as freebutcaged - so much so that I went back and checked the 2015 charts.
48  Economy / Speculation / Re: Anyone else think "long term" hodlers are idiots? on: June 29, 2017, 02:20:54 PM
My brother both 20 btc for 22 dollars couple of years ago and forget that he got them. Few months ago I talked to him about btc and my activity on this forum and price of bitcoin today. He was shocked, checked his wallet and pleasantly surprised. Now he got little less than 60 thousand dollars. Worked great for him, definitely not an idiot. Me, I am young in this story, equally spending and saving and hope to have some benefits from it in the future.

Couple of years ago? The price high for 2015 was about around $430 and price low was around $215. How is that possible that your brother both BTC20 for $22? Are you trolling here?

To OP, looks like your holding didn't go well. It's more like being an idiot if anyone will think that bitcoin is not good for long term holding. Trying to create a panic? It's impossible. To create a FUD you need to shake the market.
Did you make fun of him by typing both instead of bought or what mate you both are the same? anyways if holding was what idiots do then

I'm sure Satoshi should be feeling like a moron right now, but hey look at him, has billions of dollars just by holding, I suspect OP has lost some

Money because of the drop in price, but there is no need to panic you idiot just hold and enjoy when we reached $3000 in the coming week.

Auto typing mistake(both). Can happened. Yes 2015 price you said. I have never said what year, I said couple of years ago. I think that year was 2010...

To most English speakers "a couple of years " usually means two years, more or less.

To me what is more idiotic is trying to buy the bottoms and short the peaks.
49  Economy / Speculation / Re: RALLY!!! on: December 27, 2016, 12:23:14 PM
$928 on BitStamp! Just like the good old days!

50  Bitcoin / Bitcoin Discussion / Re: What do you like best about bitcoin? on: December 08, 2016, 12:10:30 PM
The blockchain is always solvent.

This. And decentralization.

Fast confirmation, low fees and a capacity for a gazillion transactions-per-second all don't mean shit if Bitcoin degrades to a centralized and insolvent monetary system.
51  Bitcoin / Bitcoin Discussion / Re: Can my ISP tell that i am running a full node ? on: December 08, 2016, 12:06:43 PM
I run a full node over public WiFi, and I use multiple providers.

Tell me, which public WiFi allows you to accept incoming connections on port 8333?
52  Bitcoin / Bitcoin Discussion / Re: When did you begin using Bitcoin? on: December 08, 2016, 12:02:27 PM
I started using Bitcoin in the beginning of 2011, when I bought 1,000 BTC for slightly under $1,000.
53  Other / Meta / Re: Why don't people post their locations on: February 06, 2016, 01:13:21 AM
Why don't I post my location? Because ...

No one cares, really.
54  Bitcoin / Bitcoin Discussion / Re: Do you believe that Satoshi is still active on Bitcointalk.org? on: February 02, 2016, 08:37:39 AM
Over the last few years the posts in this forum has pretty much degenerated into garbage. Why on earth would Satoshi bother wasting his time on the crap discussions that we're having these days?
55  Bitcoin / Bitcoin Discussion / Re: Where do you store your bitcoins ? on: November 19, 2015, 02:07:44 AM
I store my bitcoins on the blockchain, but not on blockchain.info.

I store my private keys on a hard drive and in a USB drive.
56  Other / Off-topic / Re: DO YOU HAVE 1 BITCOIN? on: November 19, 2015, 02:04:50 AM
Yes, as a matter of fact I do have at least one bitcoin. Some of those coins are even virgin coins and have never been spent before.
57  Bitcoin / Legal / Re: What if Bitcoin is made illegal? We must reject the illuminati takeover ! on: November 19, 2015, 01:59:08 AM
Bitcoin cannot be made illegal, it is decentralized which means no one party can control it.
You would have to go into every miners house and remove their mining equipment to stop Bitcoin.
No, not really. There are some ways to block bitcoin quite efficiently. While bitcoin has no central authority that is not a problem for governments to take action against it.
We have seen already tests of mass blocking every bitcoin service in some countries, Venezuela conducted that tests recently and everybody was in shock.

Bitcoin p2p trading can't be blocked, but almost every bitcoin related services can.

Which is why people should always learn to use their own wallets and stop relying on web wallets no matter how convenient they might be. When online services are blocked, you still have some options to use and trade BTC if you have access to your own private keys. They can even try to block port 8333 but you can still use a client through TOR.
58  Bitcoin / Bitcoin Technical Support / Re: Locked out of Bitcoin Wallet on: November 19, 2015, 01:39:15 AM
So little info OP. Tell us what happened. What wallet and how you lost control of it. All the info you can provide. Otherwise we can't know if you actually own that wallet or not.

I also think that the type of wallet itself (paper wallet or online storage) should be informed. It'll be much easier if the case is the OP forgot the password. With the mnemonic, it still retrievable.

I'd like to know how you can lock yourself out of a paper wallet.

It sounds more like he forgot the password to a Bitcoin core type of wallet.
59  Bitcoin / Bitcoin Discussion / Re: There Must Be A Way We Can All Vote on: September 03, 2015, 02:49:54 PM
OK. So how about this. We come to consensus by conviction for a proposal.

We have coloured coins, right? The POW should be CPU friendly and ASIC unfriendly and similar but not identical POW so each coin is essentially a fork  that people can run on their smart phones, Raspberry Pi or whatever. People vote by mining and their option creates a fork. As things progress, the forks can be merged or orphaned depending on whether proposals are dropped or re-written and new forks created. If they change their mind, they switch to another fork and start mining that. They effectively vote by participating in the mining process and which fork they mine determines their vote and continues that vote over time by their persistence in mining. They can switch as and when they feel changes are adequate and give a "none of the above" or "I don't care" by switching off mining completely. Maybe even decide that consensus has been reached when there are only 5% (arbitrary arse pulling figure) of the maximum all-time number of miners (gauged by difficulty?)

Miners still have a hashing power advantage but they are small in number compared to the community (is this true?) and would need to invest in hardware for non profitable and no immediate returns. Additionally, to use their influence, they would need to burn a lot more electricity than the average voter over a protracted time (months?).

It's not perfect, but better than miners only having a voice. I think we need to leverage the long time-frame that discussions can take to mitigate short-termism and cheating which is easy with distributed one person, one vote type of instantaneous voting.

Please provide low-level details of your proposal, using methods and algorithms than can be implemented using technological options that are available today or in the immediate future. You will quickly see that this cannot be done.
60  Alternate cryptocurrencies / Altcoin Discussion / Re: Most discoverable XT nodes are russian on: September 03, 2015, 08:48:07 AM
So one russians hire vps and bring up XT nodes.

Other russians attacks first ones.

And me (I also russian) discover all this shit.

No, it is the other way round. In Russia XT nodes discover you.

I run my node elsewhere and I do not see those IPs you listed trying to connect to me.
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