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1  Economy / Services / Re: Campaign managers, time to use Segwit and require your posters to use it too on: December 31, 2017, 07:59:53 AM
Are you sure about this? From what i know both sending and receiving addresses have to be segwit compatible to be considered as segwit transaction with lower size + lower fee.  Huh

I quote this Reddit post: https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/

Quote
A transaction between two SegWit addresses is a SegWit transaction.

A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.

A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction.

Basically, it counts as a SegWit transaction if the sending address is a SegWit address (either P2SH-P2WPKH or bech32).
2  Bitcoin / Bitcoin Discussion / Re: A friend sent me .03 BTC - what to do now? on: December 30, 2017, 06:20:38 AM
It's a lousy $500 - I wouldn't even bother exchanging it given the current fees unless you are particularly in need of funds. There's really nothing wrong with just holding onto it - if you're going to put the effort into researching and exchanging for alts for profit you might as well put in more than that.

If it was something largely relevant like 3 BTC then I could see a case for taking it out and spending/investing on whatever.
3  Economy / Services / Re: ★☆★ Bitvest.io - Plinko Sig. Campaign ★☆★ (JR-Hero Accepted) on: December 29, 2017, 12:55:56 AM
I would be interested in joining this campaign. I'd be happy to change over my avatar and signature once I've been confirmed.

User: Light
Position to Apply: Hero
Posts Start: 1965 (including this one)
Address: 1Light1BN9Lu38Jab9iqVmJXt4Rc66WAoB
4  Economy / Speculation / Re: Anyone else think "long term" hodlers are idiots? on: December 28, 2017, 04:49:04 AM
This forum in general inspires very little confidence regarding the financial capabilities of people.

You know how is really laughing? Someone who sold BTC at $1100, multiplied those gains by 1000% with some other investment, instead of the funds sitting hodl limbo during crypto winter for 2 years, and THEN used those proceeds to rebuy 50 times more coins at $180.

Your comment has a few problems:

1) It's nigh on impossible for people to perfectly time entering and exiting the market at recent historical high/lows - if you could do this with such great accuracy on Bitcoin you would probably do better day-trading shares.

2) No non-speculative (i.e. irrationally risky) investment offers a 10x return over 2 years. At least not to the general public - there might be exceptions if you had particular knowledge in the finance industry, and had a very large investment pool to play with.
5  Bitcoin / Bitcoin Discussion / Re: When you first know about bitcoin what was the price? on: December 28, 2017, 04:40:45 AM
I'm pretty sure I can trump nearly everyone in this thread. When I started out BTC was sub-$1, and there used to be faucet's that gave out around 0.05 BTC once a day or so (which would be close to ~750 USD now). I didn't purchase a lot and spent a lot of it as well (which I chalk up to supporting the ideals of Bitcoin as a currency) - but I'm fairly happy with my holdings.
6  Economy / Services / Re: [OPEN] ChipMixer Signature Campaign | Accepting Sr. Member+ on: June 13, 2017, 06:14:35 AM
I would be interested in joining this campaign - if you deem my post quality acceptable of course.

Username: Light
Post Count: 1963 (including this one)
BTC Address: 1Light1BN9Lu38Jab9iqVmJXt4Rc66WAoB
7  Bitcoin / Bitcoin Discussion / Re: A flaw in bitcoin, if it became widely adopted 21m bitcoins, 7b people on planet on: December 03, 2015, 11:27:59 AM
i was just arguing that gold is not rare, and the "rare" factor does not matter at all, when you want to talk about adoption and about divisible numbers

bitcoin is not rare also, it's all about divisibility, if you take into account 1 satoshi as the main divisors, there are plenty for eveyrone, bears in mind that i'm not against what he have said, just pointing out a thing

Rarity plays a value in things that are hard to divide as well as the perception of value itself (humans will tend to overvalue things that are 'rarer'). But yes, for all intents and purposes Bitcoin doesn't suffer from this issue due to the ease by which it can be divided. If you were to use an analogy Bitcoin would be like oil (easily dividable) whereas a rare commodity would be like a rare painting - indivisible without losing value.
8  Economy / Gambling / Re: BitDice Player Just Won 500BTC on: December 03, 2015, 11:21:51 AM
If i win 500 btc to one site, i don't invest in this site, or invest only a small %, first i withdraw for see if the site pay  Grin
but this lucky user, not have bitcointalk account?


Not everyone who uses Bitcoin actively posts on Bitcointalk. Also IMO it is sometimes wise not to speak up about significant financial windfall - previous lottery winners have shown that other people knowing about serious financial windfall can lead to behavioral changes and life/relationship problems.
9  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin on: December 03, 2015, 11:19:26 AM
I believe bitcoin is the future. When all the fiat currencies are going down, I can see the bitcoin go up.

I think that bitcoin will continue to grow even when sometimes it takes a dip, it can take a hit and will bounce back up.

But what would be the reason for fiat currencies to fall down enough that Bitcoin is adopted? I can't think of a single reason why across the world fiat currencies would all fail. Some might fail due to internal country economic policy failure and economic downturn but it would have to something insanely radical to affect the whole world. A more likely idea is that Bitcoin and fiat co-exist for a prolonged period until Bitcoin is recognised to be a superior alternative and further infrastructure is built.
10  Bitcoin / Bitcoin Discussion / Re: A flaw in bitcoin, if it became widely adopted 21m bitcoins, 7b people on planet on: December 03, 2015, 11:11:03 AM
There are only 170,000 tonnes of gold in the world. Is that a fatal flaw in gold since it is not possible to own 1 tonne per person?

Scarcity exists. It will always exist. Picking any unit and saying "There aren't enough of these for everyone to have one" is arbitrary.

Bitcoin is fungible to eight places and even after that can be patched to support more.

What is the difference between everyone having 1 bitcoin and everyone having .003 bitcoin? Nothing.

but there approximately 6B(35285 in one ton, x170k) of ounce, which about the same as the numbers of people in the world minus 1B

you need to compare gram to satoshi and you are on the same boat, but with a much lower number for gold

I don't think you understand - the dollar value or any artificial value is meaningless - all that matters is what can be purchased with it (i.e. real purchasing power). Compare USD and Yen - Yen is roughly a factor of 100 times larger in terms of unitary size, but any meaningful conversion realises that this difference is irrelevant. Given that we can have smaller units than a satoshi if needs be - it matters not what the supply limit is.
11  Bitcoin / Bitcoin Discussion / Re: Apple CEO Tim Cook: “Your kids will not know what money is” on: December 03, 2015, 11:05:19 AM
Every giant company want to have its own payment processor.
So google wallet is, and also i think that Apple Pay will be similar to AliPay, paying with only one-click.

Of course all of them want to try - if one of them takes off and gains significant market share they'll make a killing on profits (and save on transactions costs as they won't have to interact as much with other processors - internal transactions are usually cheaper). It'd be a no brainer for any big tech company not to invest in a payment processor of their own. As to whether it'll succeed - that is a different story.
12  Economy / Economics / Re: Is Gold the root of all evil? on: December 03, 2015, 11:02:46 AM
In my opinion any form of money is the problem for all kinds in issues today we are facing. It could be either oil, gas, bitcoin, gold, paper money or property. If any one got more of these things than many evil minded people will be behind them to take the benefits. For example If you see how developed countries put pressure on oil rich countries to take the full benefits.   

I agree with you here.

IMO greed is an inherent human flaw - it doesn't matter whether it's gold in this case or money or assets - humans naturally have a want for more and more "stuff" and will work and fight for it appropriately. Saying that gold is the cause of greed (and that greed is the root of all evil - which I'd argue is not the case) is wrong.
13  Economy / Exchanges / Re: What is the next MtGox? on: December 03, 2015, 11:00:13 AM
Not nearly as much as Mt Gox had. I am guessing it has about the same volume as BTER has had before the hack. After all this is an alt coin exchange, not the main Bitcoin exchange that whole world is using. I am guessing that when Cryptsy goes down, it will lose about 5,000 BTCs, more or less!

That's still a considerable sum - at today's market rates it's about 1.8 million USD. Exchanges have always bothered me - unlike traditional financial institutions they have more incentive to scam (usually because control over assets is exerted by one or few people) and that there is no legal recourse should they scam. Not to mention, it's not worth the effort to try and recover a few thousand dollars.
14  Bitcoin / Bitcoin Discussion / Re: Why arnt we seeing more bitcoin ATM popping up? on: December 03, 2015, 10:55:39 AM
I really thought this time last year that we would have a lot more
bitcoin ATM machines. There is so many people on localbitcoin especailly
in certain areas.

Because amongst the mainstream public there isn't enough usage or interest to maintain more than a handful of ATMs. The ATMs have associated operating costs (maintenance, rental space, initial capital) and these have to be recouped before anyone would consider producing more. I don't think we'll see an significant increase in ATMs until Bitcoin is adopted by a significantly larger proportion of society than it is now.
15  Economy / Gambling discussion / Re: Any advantages from gambling? on: December 03, 2015, 10:52:06 AM
like above posters if your doing it for fun its all good advantages. You
get a rush. You definitely get better at math. The better you get at gambling
you get better at spotting trap lines. You get hours of enjoyment even
with a $20 bet.  Last time I went to the movies and spent $20 the movie
sucked and there was 0% I would win $20 instead of losing it.

I dunno, I always found it rather nerve racking when you're trying to close a big bet or a parley (which on a side note is actually more inefficient than straight bets) and it's so tight it comes down to the final couple of minutes. Honestly, I can't handle the pressure - so I rarely watch the actual matches unless I'm interested in them anymore.
16  Economy / Micro Earnings / Re: In 2015, faucets are bad for bitcoin on: December 03, 2015, 10:48:48 AM
The only issue I have with faucets is that the dust produced really only contributes to increased tx sizes and increased tx costs, you hardly earn anything remotely usable so it's really rather useless from a financial perspective. That being said, it's a good way of introducing people to Bitcoin so they understand the basic premises of Bitcoin movement between parties. Personally though, I'd like to think that Bitcoin advances to a point where faucets are no longer necessary - much like how you don't give people money because they don't understand how it works.
17  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: December 03, 2015, 10:44:34 AM
Yes it must be used always so the money can circulate.  They are afraid of something else it is the lack of knowledge that scares them. Bitcoin might be a little hard to learn but while using it and asking,reading news and more you will get used to it.

It's not just them lacking knowledge - it's the fact that at the moment Bitcoin is inherently more difficult to use in real world scenarios than fiat - so while Bitcoin may have benefits those benefits presently do not tip the scales enough. This is especially true in less developed countries and basically all other countries aside from the US where there is less infrastructure in place to support Bitcoin payments.
18  Bitcoin / Bitcoin Discussion / Re: (POLL) Which wallet do you think is best with the best features? on: December 03, 2015, 10:08:19 AM
I personally prefer Electrum for my personal usage - simply because I can't keep the whole blockchain (data constraints) and it has served me well over the past few years. I've never used Mycelium - but if you were able to have the blockchain I'd recommend Core or Armory as they are incredibly stable.
19  Bitcoin / Bitcoin Discussion / Re: If you had to choose to put 5 BTC into 1 BTC investment, what would that be? on: December 02, 2015, 05:18:00 AM
I'd probably just shove it in cold storage and see what happens. Everything else offers far too little potential profits for the amount of risk and effort involved. Not to mention that even only a decent rate of 5-10% a year you'd only be looking at BTC0.25-0.5 a year which in reality is peanuts.
20  Economy / Gambling discussion / Re: Is their any safe methods to gamble? on: December 02, 2015, 05:07:24 AM
The  safest way is not to start gambling at all.  Grin

Surprisingly I found a response that mirrors reality.

In general gambling is an expected loss - while you can get lucky - from basic probability you'd more likely than not find yourself in the red. The exception to this rule is in any form of gambling where skill plays a factor (i.e. poker/sports betting), but for you to safely make a profit you'd have to be far far superior in skill to the rest of the people you're effectively pitting yourself against. In poker it would be solid play whereas in betting it would be the ability to extremely accurately predict the true probability of the event (which in reality would only be do-able by modelling).
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