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News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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441  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin Core needs to die on: August 25, 2015, 03:40:21 PM
I will run core even if i'm the only one running the node and I'll mine my own blocks and would rather use fiat over xt.
You might say.. " oh come on bro.. you're being irrational!!"

No,..no.. I am not. The reason I got into bitcoin, was not so i can buy coffee with my phone! It was so i can be a part of "new money", one which is not controlled by anyone.
It seems like TPTB have managed to take over some of the figure heads and are using them to gain control over bitcoin. You can't shut down TCP/IP, but you can bribe/threaten, Gavin.

Have fun with your GOV... Gavcoin.




Not controlled by anyone but a bunch of Core devs? Bitcoin is not controlled by anyone indeed and XT is demonstrating just that.
XT is controlled by Hearn and Gavin and them only. Core is controlled by the core devs, which includes a lot more than two people, so I would say that Core is more decentralized than XT right?

Talking about Bitcoin itself though, then yes it is not controlled by anyone and the multiple forks of Bitcoin (including xt) and alternative clients all demonstrate that.

Yes but you have to know that those core developers who control the bitcoin core are on the BlockStream paycheck list. I doubt that they are working for the good of the bitcoin community, BlockStream is trying to sell us their product with the help of these core developers.
442  Bitcoin / Bitcoin Discussion / Re: The tide is turning: Which one is the alt coin now? on: August 25, 2015, 03:32:46 PM
The people will decide if bitcoin core or bitcoin XT will be the alt coin. But in my opinion bitcoin XT will be the future of bitcoin, bigger blocks allow innovation within the bitcoin space.
443  Bitcoin / Bitcoin Discussion / Re: How to save Bitcoin on: August 25, 2015, 03:29:18 PM
I think that the core developers who work for BlockStream should be kicked out of the bitcoin core development team. They only work to benefit the BlockStream business model, BlockStream is trying to sell us their product with the help of the bitcoin core developers.
444  Bitcoin / Bitcoin Discussion / Re: You can't have it both ways on: August 25, 2015, 03:26:43 PM
3 out of 5 core devs are on the BlockStream paycheck list. The core development team can be bought out but not bitcoin itself. The bitcoin should have kicked out the core developers that work for BlockStream, bitcoin needs to adjust and move forward and it can't happen if 3 of 5  core  developers are against innovation. 
445  Bitcoin / Bitcoin Discussion / Re: BitcoinXT nodes , what the hell ? on: August 25, 2015, 03:21:37 PM
Most of those bitcoin XT nodes are running on a free trial VPS. The counter is right but once the VPS trials run out the node number will get down, but I think that gavin will deploy more bitcoin XT nodes on new VPS.
446  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin XT May End Up Splitting the Cryptocurrency Community on: August 25, 2015, 03:18:18 PM
The bitcoin vs bitcoin XT is already deciding the bitcoin community. It doesn't matte if the introduce bitcoin XT or not, people will use one for the same reason people use bitcoin over other alt coins. The most popular and known one will be used.
447  Bitcoin / Bitcoin Discussion / Re: Have you ever attended a bitcoin meetup? on: August 25, 2015, 01:15:36 PM
It is not so easy, BTC users are from all the world, how can they meet ? Mostly from USA, by the way  Grin

You can organize a  meetup on meetup.com. But the difficult part is to find a location to host the actually meetup, you may need some money to buy food and drinks and other important stuff for a meetup.
448  Bitcoin / Bitcoin Discussion / Re: a simple question on: August 25, 2015, 01:11:00 PM
if nodes can't confirm old blocks(like already 10000+ confirmations),can problem be soloved???

I am not sure what you mean but node confirm recent blocks which accurate the time the node was setup. And about what problem are you talking about ?
449  Bitcoin / Bitcoin Discussion / Re: September Stress Test Schedule 30 Day Backlog on: August 25, 2015, 01:03:10 PM
I've not seen this mentioned on the boards but if it has been, feel free to get it merged.

I just came across this article that says CoinWallet will be f***ing around with the network this September. To be quite honest, I at first thought it was satire. I mean, why would you alienate so many potential customers? I certainly won't ever be using them now.

http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981

Here are a few (f***ing unbelievable) quotes from a CoinWallet representative:

"Each of these transactions is for a total amount of 0.0002 BTC (including miner fees), meaning that with my 150 btc that is currently in this state, I will be crafting 750000 transactions, or 2321 blocks, or a 16 day backlog."

and for there next trick,

"These 20 servers push approximately 1 transaction per second. The plan is to fill them up to 50-100 Bitcoin in total. In theory, if all things go as planned, we will create a nearly 30-day backlog."

But apparently you shouldn't worry, because...

"Of course, this won't cripple Bitcoin entirely. Those who are smart enough to increase their fees will still manage to push transactions through. However, it will make it prohibitively expensive, and will likely render most standard wallet software, ranging from Multibit, to Mycellium, Blockchain.info and others completely worthless."

They do have some XT reasoning at the bottom of the article, but it looks like an afterthought excuse if you ask me, and even if they did have a good reason, they don't have the right to affect the whole system.

They don't  need a "right" to stress test the network. If the network can't  handle it then bitcoin would be worthless. These tests are necessary to determinate if the bitcoin network can handle huge transactions volumes in the future.
450  Bitcoin / Bitcoin Discussion / Re: Have you ever attended a bitcoin meetup? on: August 25, 2015, 01:00:45 PM
I wasn't in a bitcoin meetup yet. But I was once in room 77 in Berlin, chill place and few bitcoin folks there. I wished there were bigger bitcoin meetups/conferences in Germany.
451  Economy / Speculation / Re: Back to $225 on: August 24, 2015, 04:18:54 PM
Most markets and stocks are crashing at the moment. There are many theories on why this is happening but none are 100% accurate. The price of bitcoin should recover and rise once mass adoption comes.
452  Economy / Speculation / Re: Better Sell... on: August 24, 2015, 04:17:05 PM
The best thing to do is to sell now and buy when the crash happens. That is what warren buffet did.  Rinse and repeat and boom you will become rich.
453  Economy / Economics / Re: Whats going on? on: August 24, 2015, 04:15:24 PM
There is a theory floating around that that the global economic world will crash on September 29th http://theeconomiccollapseblog.com/archives/the-seven-year-cycle-of-economic-crashes-that-everyone-is-talking-about  but those are just rumors or maybe not ? 
454  Economy / Economics / Re: Bitcoin Trading on: August 24, 2015, 04:12:27 PM
You don't need any broker in order to trade bitcoin. You will only need fiat money and an exchange that is legally allowed to operate in your country. If you are from the USA I would suggest you to use the Coinable exchange since it's the most trust worthy one.
455  Economy / Economics / Re: Bank of Bitcoin on: August 24, 2015, 04:09:23 PM
I don't think that it would be easy to build something like a bitcoin bank since the are still many regulations. It will probably be possible in the future were the laws will hopefully be more bitcoin friendly.
456  Economy / Economics / Re: How too get rich on: August 24, 2015, 04:06:57 PM
If you want to get rich there is a simple way to do it. Earn more than you spend and you are going to get rich. That is the safest way to get rich without losing all your money.
457  Bitcoin / Press / Re: [2015-08-24] BitPay Supports Increase in Bitcoin Block Size Limit on: August 24, 2015, 04:01:40 PM
Why should they not support XT? Have you looked at their privacy policy? ---> https://bitpay.com/about/privacy

The built-in extras that come with XT apart from the bigger block size, is no deterrent for them not to accept it... they already infringe on most of those privacy features.

The added benefit is the extra fee's associated with XT and it's bigger block sizes.... something that Bitcoin Core might not feature in side chains as part of Blockstream.

There is always a economic incentive for decisions like this, that makes no sense at all.  Roll Eyes

Only BlockStreams supports the idea to not change the block size so their business model stays profitable. There is not point to not increase the block size, it will allow innovation in the bitcoin development area which would benefit bitcoin more than letting the block size be as it is now.
458  Bitcoin / Legal / Re: Canadian Bitcoin ATM Regulations? on: August 24, 2015, 03:57:36 PM
I'm wondering if anybody operating an ATM in Canada can tell me what the current regulation is since the senate voted against regulation? Previously ATM operators were not required to collect ID, etc. Has anything changed?

According to http://merkletree.io/nation/CA.php  there are KYC rules that should be followed by BTC ATM operators in Canada. But you should ask to your local financial authority if you need more accurate answers to your questions.
459  Bitcoin / Legal / Re: Bitcoin Legal status in Australia on: August 24, 2015, 03:54:11 PM
Hi,

I would like to know the latest update regarding the regulation of Crypto Currencies in Australia.
If you have based information, please share.

Thanks


According to http://merkletree.io/nation/AU.php  owning and exchanging bitcoin is legal in Australia.
460  Bitcoin / Legal / Re: I have a ton of old bitcoins I want to sell, how do I handle the taxes? on: August 24, 2015, 03:50:16 PM
I have a ton of bitcoins from about '09 that I've decided I want to start selling them off. The problem is, over the years, they have been moved around a lot. Different exchanges, back and forth between exchange-money and bitcoins, many times, but I've never put them into my own bank account. I mean maybe a few here and there, but whose counting. The problem is this, most if not all of the exchanges I ever used are gone. Shut down. Inaccessible. It also goes without saying that these are certainly not the same coins I had years ago.

I was thinking of just selling them off over time, declaring that transaction that makes it to my bank as capital gains, paying the tax, and being done with it. I don't see any way I can get history of all those micro transfers over the years. I've talked to tax lawyers, they haven't a clue on anything about bitcoin. They told me to just treat it as the single sale of a commodity (each bank withdrawal), pay tax on the capital gain, and be done with it.

Thoughts? Suggestions? I want to reiterate the sheer amount of bitcoins I have. Selling them all at once would absolutely crash the market, which I do not want, and the amount is certainly high enough to potentially warrant an audit, so I want to prepare for that. I don't plan to take any deductions so I don't think the audit risk is too high. I have no objections to paying taxes and want to make sure I do it correctly.

If you want don't want to crash the market then you should find a private buyer and sell all your bitcoins to him. You should make a contract with the help of a lawyer so you can put terms of the sale. You should also contact an accountant for more detailed answers to your questions.
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