90% of my stash is in cold storage on paper wallets but is it advisable to move any remaining coins off blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
Let the coins be on blockchain.info and download your private keys from their dashboard in WIF format. That way, those coins will be usable in both chains after the fork. If XT chain win, you may use them directly from blockchain.info. If core wins, you may import your already downloaded private keys on bitcoin core to use them. |
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blockchain and coinbase, why store all eggs in one basket  but both your baskets are bad choices for storing bitcoin, you have to make a choice between some of other secure ways of storing your bitcoins soon. i suggest you look into different cold storage options and chose one. If you download your private key from blockchain.info and use a strong password while creating the wallet, then it is a secure one. Bitcoin tool's security is mostly dependent on its user. |
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There are hundreds if not thousands of proposals like this. They won't be included unless a BIP number is assigned, or I believe it's very likely to be assigned. Does BIP number get assigned only to core dev's proposals ? No. Anyone who submits a BIP to the BIP Editor (Gregory Maxwell) will have their proposal considered and if accepted, it will be assigned a BIP number. See BIP 001: https://github.com/bitcoin/bips/blob/master/bip-0001.mediawiki. That proposal is still being discussed on the mailing list. I don't know if he has submitted it to gmaxwell yet. Does it mean that Gregory Maxwell can unilaterally reject a proposal to assign any BIP no. ? Bitfury now supporting Bip 100.
Proof ? |
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There are hundreds if not thousands of proposals like this. They won't be included unless a BIP number is assigned, or I believe it's very likely to be assigned. Does BIP number get assigned only to core dev's proposals ? |
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I want to buy 2.2 btc btc for a trade with inr, cash deposit / net banking transfer
Try www.100bit.co.in or LocalBitcoins. You wont need any KYC. My advice what ever you try try to trade with escrow service, as i have seen here some threads about scammers in localbitcoins also . so you cannot believe that if he is from your local he wont cheat, first get his details about his trading and his trust . then try to go for buying and selling with your local bitcoins seller. AFAIK, both www.100bit.co.in & LocalBitcoins offer escrow service by default. |
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I want to buy 2.2 btc btc for a trade with inr, cash deposit / net banking transfer
Try www.100bit.co.in or LocalBitcoins. You wont need any KYC. |
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While this proposal is my second preference, I'd suggest getting a move on and coding it into existence if this is your first choice for how the network should be run. Public support seems to be rallying around other proposals, namely BIP101 and BIP100. If you want a dynamic blocksize, you need to get this out in the open pretty quick to make it viable.
Public is totally confused and devs are clearly trying to do round about BIP 100, 101 & 103 as all are coming from existing core devs. Core devs seem to be ignoring proposals from outsider without weighing their merits. This is really unfortunate. I can smell, celebrity culture is taking over bitcoin development. |
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RBI has already given the go-ahead for 11 payment banks. More might come in the future.
If customers and merchants start using Bitcoin, it will be these payment banks which will be at risk. Wholesale banks offer loans and this cannot be replaced by Bitcoin. Your views?
Bitcoin or Bitcoin based businesses have way to go to give competition to payment banks. At this moment, bitcoin's credibility is under question as two group of people are exercising power show at the heart of bitcoin, which is very bad for a decentralized economy. Media is enjoying the war and discrediting it more. So, for an average Joe, payment banks are still far better alternative than bitcoin. |
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If you have 100 Sr. Member accounts in various signature campaigns that pays 0.001 BTC per post, then by posting only 10 posts per day per account, you can easily earn 1 BTC.  I think just maybe you might be detected trying something like that. And you'd lose your mind and the use of your fingers pretty rapidly too. Not sure what you want to say, but it seems that you are trying to point finger at me. So, for your kind information, unlike you I am signed up with a fixed pay campaign, i.e. I dont get paid per post like you do. And the cap is 20 posts per 14 days in my campaign, whereas I mostly make double or even more than that. So, if my motive was only to make money, I'd have signed up for your campaign.  Is there a way to earn over 1btc per day without hacking?
If you have 100 Sr. Member accounts in various signature campaigns that pays 0.001 BTC per post, then by posting only 10 posts per day per account, you can easily earn 1 BTC. that's 1000 constructive posts per day. impossible to reach even if you're a genius with vast knowledge. and that's not what people would call "easily".  Making 1 BTC per day is not even easy in a full time day job. So, when someone is trying to have this extra-ordinary income, my solution must appear 'easy' to him. |
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Is there a way to earn over 1btc per day without hacking?
If you have 100 Sr. Member accounts in various signature campaigns that pays 0.001 BTC per post, then by posting only 10 posts per day per account, you can easily earn 1 BTC. |
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The signature campaign sheet is now up to date for the new period. Payment should be sent out soon Thanks. My entry in the 05.09.2015 PayDay is as a Sr. Member. It needs to be changed to Hero Member and the associated amount needs to be updated accordingly. |
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Only indian, send me PM
~ Rs. 15. Asking for it or giving away ? |
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Tell your tax guy you traded in an asset called Bitcoin, and that you need to show your profits as Capital Gains. Then give him your transaction history, including all Sells you did in the last financial year. If he still does not get it, tell him to think of it as a new stock scrip called BTCX and to use your txn history for comptutation. If he still does not get it, run from that guy.
I think, by trade, it means buying & selling. But, I never buy. I earn and sell. So, I guess, capital gain does not apply to me. Everything that I have sold needs to be shown as earning. By transaction history, do you mean the blockchain Tx details ? That is Hebrew to him. I like your idea of showing it as an asset. I am planning to show it to him as 'Earning from Digital Asset Sales' and provide bank transaction details against those sales. From the research paper by Nishith Desai there is some basis for considering Bitcoin profits as capital gains. That much is the easy part. When you obtained the asset (earned / bought / mined / begged / borrowed / stole) there is a "cost of acquisition" in INR. When you sell there is a "Sale Price". The difference is your profit (Capital Gains) and taxed. That's the simplest principle. By 'Transaction History' I mean list down all the Bitcoin you sold in the last financial year. Then tell list down how you obtained those bitcoin, along with acquisition costs. Then you find the difference. If you have mining "income" things get far more interesting, and you just need to apply some common sense in terms of what you can justify to the IT department if you are called for audit. For mining, cost of server and electricity may be considered as cost of acquisition - but god knows what the IT department will think of it... That is beyond the scope of this discussion as there are no precedents or authoritative rules on this. Safe to say this is a gray area and you are really on your own. Disclaimer: I am not a qualified tax consultant. Then as per your calculation what i earn from faucets , referrals and playing games and earn bitcoins which i collect it in my online wallet and after some days when i get enough bitcoins i sell them. Then i have to pay taxes for that also. What if i dont sell them and go for online purchase products through Bitcoins , will it be taxable. Yes that is a taxable income. If you keep the bitcoins, then you pay taxes considering the price of Bitcoin when you got them. Later on if you sell the day for higher rate, you pay taxes for the difference amount. If you buy a product online then it is same as selling the bitcoin for what ever price and you still need to pay taxes. I beg to disagree with the second part. If someone keep their coins and purchase items/services with that, then it probably is not taxable, at least as per current taxation laws which does not specifically say anything about bitcoin. The seller will then be responsible for paying tax for his acquired bitcoin, when he tries to encase them. Hoarding & using bitcoin is probably not taxable, but selling is taxable. p.s. I am not a tax specialist. Above statement is given on my general understanding of Indian taxation laws. Hence, those might be inaccurate. It is better to consult a specialist for accurate evaluation. |
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Posts have been counted. Sorry for the slight delay had some issues with my ISP.
The new sheet will be up in about 12h
Re-enrolling... Name: RocketSingh Posts: 813 (including this one) Activity: 490 Position: Hero Member Bitcoin address: 1Dk4Si2w8StdGVsMW7AYMchTf99NKdVec8 |
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Definitely no. The problem isn't XT nor the forum's policy. It is the users that are constantly opening threads for the same topics in the wrong subsection.
If BitcoinXT deserves a section for itself, doesn't DASH (just used as example, I'm not advocating it) deserve one too? Are you trying to tell me there are more posts about XT than about DASH (currently ~105k)?
To simplify, the main reason for which neither have or are going to have their section is because this is BITCOINtalk, not bitcoinXTtalk, nor DASHtalk.
Dash is an altcoin, XT isn't. XT is. Not yet. But, it will be. Right now, XT is just an alternative coin. If they can gain 75%+ hash power, they'll allow bigger blocks and then that would be an alt coin. It won't happen, the CN pools won't support anything along the lines of a fork even if it does allow for larger block sizes. Even Bitmain alone can block a fork. I wish they dont. But, did not bitmain sign the letter supporting 8MB block ? Supporting the idea that block sizes should increase, NOT any form of forming or XT which is considered dangerous. They want the core devs to work together. Does not seem like you had any internal info. This is straight from the co-founder of Bitmain... I support increasing the block size. @BITMAINtech 's AntPool will be prepared to switch to XT, IF we see majority has switched. https://twitter.com/JihanWu/status/633288343338381314It is high time that core devs take proposals like BIP 100, https://bitcointalk.org/index.php?topic=1154536.0 or BIP 103 seriously. |
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there are less risk way to earn money, like lending or simply selling stuff privately
Now a days, lending is equally risky in my opinion. There are rampant scams going on at BTC Jam. |
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Its all stupid
why dont they implement changes in core,I dont understand this shit
Which changes ? There are many suggested here - http://bipsxdevs.azurewebsites.net. Core Devs are not against block size increase. They are against the way XT is doing it. |
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Very good suggestion!
I would additionally suggest to back-test the algorithm on the current blockchain, from day 1, starting with the smallest possible max size. Then see how it evolves, and then fine-tune the parameters if anything bad happens, or obvious possibilities for improvements are spotted. It could even be possible to auto tune the parameters for smallest possible max size by setting up a proper experiment. When it works great there is a big chance it will continue to work great the next 100 years.
True. It would be great if someone does this back testing and share the result. I think, at Genesis block, max cap can be considered as 1 MB. As the proposal has decreasing max cap feature, the outcome might be lower than 1 MB as well. |
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