|
Being a NYA participant, this was expected from Xapo. At the time of BCH fork they had announced that they would support the chain with the most accumulated difficulty. It was quite obvious that BCH was the minority chain, but miners gaming on difficulty was a different perspective.
And with this announcement they have made it clear that they follow the miners or precisely Bitcoin is ruled by miners/centralized entities agenda. In terms of hashrate/difficulty rule, at the time of split the Bitcoin chain might end up having a lower hashrate and if solely based on this Xapo decides to list the forked coin, B2X as BTC it would be absurdly unethical, I guess that's what they want, the difficulty criteria is just a facade to list B2X as Bitcoin.
Like BCH, the miners might try to game in on the difficulty between BTC and B2X. So what the hell Xapo is going to do when difficulty keeps changing between these chains?
Anyways the November fork is going to be messy and having funds on custodial wallets that support NYA is going to further mess up the whole situation and create unnecessary confusion.
|
|
|
|
I looked at my web search history and I see that I searched for bitcoin back in 2013, 2016 and 2017. In every instance, I saw negative comments, especially from mainstream media and how useless bitcoin is. Most of the time apparently I went to bitcoin.com and it did not convince me to get bitcoin. I vaguely remember going to a faucet one time back in 2013 but it was full of ads and I did not get the concept back then  This happened until after I was fired from my job and saw the high increase in 2017 July, which is kinda late. I spent like 2 months to figure out how to send fiat money to a good exchange. These are the bumps on the road to the general adaptation of bitcoin. Do you have an idea on how we can make Google search bitcoin-friendly? Even now the top three search results come up with: Bitcoin rallies to hit a one-month high but experts warn of a volatile upcoming event C[Suspicious link removed]m · 23 hours ago Bitcoin's price bubble will burst under government pressure The Guardian · 18 hours ago Collapse of Bitcoin Inevitable According to Harvard Economics Professor CoinTelegraph · 5 hours ago ALL NEGATIVE! A good number of mainstream financial media outlets are against Bitcoin, they just want to spread negativity and FUD. Drop in price, Bitcoin is dead, surge in price, Bitcoin is in bubble. They wouldn't stop until their negativity gets masked by mainstream positivity about Bitcoin. As far as Google search is concerned, I recently read that bitcoin has about 91% correlation with Google searches.  The current price of bitcoin has a 91% correlation with the volume of Google search requests for bitcoin-related terms, according to a study by SEMrush, a search engine marketing agency.
The study drew from a database of 120 million US keyword searches linked to the cryptocurrency. The overall search volume of bitcoin-related keywords is estimated to be 51.4 million requests over a period of a year. It showed that the price of bitcoin in US dollars rose and fell largely in tandem with the number of search requests for terms like "bitcoin," "bitcoin price," and "bitcoin value."
At one level, the study merely confirms the obvious: As bitcoin becomes more expensive, and thus more exciting, more people search online to find out how it is doing.
Bitcoin searches have gone up 450% since April 2017, SEMrush says
People who are new and genuinely interested in understanding the ideological, technological, and monetary aspects of Bitcoin wouldn't just turn away because some individuals think Bitcoin is fraud or is a bubble about to burst or is going to collapse. http://www.businessinsider.com/bitcoin-price-correlation-google-search-2017-9?IR=T |
|
|
|
I said like PoS, definitely not PoS indeed.
The mining algo will remain a PoW algo for sure, but the way the architecture is displayed for a LN, there would be a utility function for users within the system to act as ''liquidity providers'' and earn a fee this way. Now, as you can see, this starts to resemble the same economical realities as a PoS system. If you provide a lot of liquidity (ie Bitcoin) you can earn fees by allowing users to hop through your channel using your Bitcoin.
Now as you can see, it would be profitable to be the largest one of these hubs as soon as possible, since there is very strong network effect (easier and fastest to reach people in the largest network) and first mover advantage (most retailers / users will start using you and will not stop using you without a good reason to do so).
This naturally leads to my question: why not make a fund, supported by and funded by the community to provide this liquidity and earn the fees. This would be better than some whales earning all of the fees because they have the most liquidity in my opinion but that is just my personal opinion. There is no practical difference for the user.
Kind regards and thanks for reading and commenting :-)
LN involves stake, but neither proof nor consensus so wouldn't compare it to PoS. Having bigger stake, providing more liquidity, more fee. Yeah, some major Bitcoin exchanges and wallets would be operating large payment hubs, central hubs, but since the whole security of LN relies on the decentralized Bitcoin Blockchain, LN causing centralization isn't much of a concern. LN is open source and anyone can run a node. As more Bitcoin related businesses are launched, there would be more payment hubs. For example, users of Coinbase might prefer using Coinbase payment hub, similarly Xapo or any other service so individuals/businesses are incentivized for having a bigger stake, open competition. LN gives more advantage to whales and big Bitcoin businesses, right, is it unfair? No, someone has heavily invested into Bitcoin or the other has been providing a reliable, trusted Bitcoin service. So I don't see why a community funded LN hub is required. |
|
|
|
The Pacific island nation of Vanuatu has become the world’s first county to accept the virtual currency bitcoin for its citizenship program. The Vanuatu Information Centre (VIC) announced that its Development Support Program (DSP) will allow foreigners to qualify for Vanuatuan citizenship through a one-time payment of $200,000 or currently 44 Bitcoins. Vanuatu is a member of the Commonwealth of Nations and citizenship allows visa-free travel to 113 countries, including EU states, Russia and the United Kingdom.
Vanuatu also advertises its low taxes for citizenship buyers, offering a second passport in a country that levies no capital gains or income taxes. Potential citizens don't need to live in Vanuatu, or even visit the country once.
“Many early investors in bitcoin would like to realize some of their earnings without incurring large capital gains taxes. Ideally, then, they would convert their cryptocurrency into tangible assets in a low-tax jurisdiction… As Vanuatu will now be the only country to offer citizenship for bitcoins, I think the program will see a surge in interest more or less immediately.” http://www.newsweek.com/bitcoin-now-buys-you-citizenship-pacific-nation-vanuatu-680443 |
|
|
|
Are you from Nepal? Upon reading the article it says that they were arrested for running an illegal bitcoin exchange. And this means maybe they aren't registered to the government of Nepal as profitable business and operating exchange. Reading it deeply Nepal decided to ban bitcoin and they are looking at the innovation of cryptocurrency very different unlike other countries that are recognizing it. Too bad news for the Nepalese but still there will be citizens there that will operate trades anonymously. It isn't about running an illegal Bitcoin exchange, it is about operating an exchange. On August 13, 2017, the Central Bank of Nepal, Nepal Rastra Bank (NRB) had published a notice that according to Bank Act 2001 and Foreign Exchange (Regulation) Act 1962 (FERA) Bitcoin is illegal in Nepal. Nepal's popular exchange, Bitsewa also closed their service. About 30% of Nepal's GDP is from inward remittances. The Deputy Director of NRB cited with Bitcoin there is a high risk for outward remittance. Operating exchanges punishable up to three years, obviously Nepalese traders would move to decentralized/OTC platforms. |
|
|
|
But the only problem is gold and silver, along with other precious stones and metals are being held secure by the Feds and the bankers, so that option is also a no-go for those who doesn't want to be controlled 'again' by these entities. Also, we are rather uncertain about the Fed's and the banks' involvement in several cryptos, but we cannot rule them out as again, these scums will take part in almost anything just to control the people. This is also a concerning thing about crypto since there's always a loophole in which these guys can fit in no matter how small it is.
Been pondering about these things in a while, and it seems that no matter how far we distance ourselves against these greedy bastards, they'd always find a way to get involved and control us.
Bastards control us because we allow them to do so. Look how many people on the forum dreaming about the legalization of bitcoin. They do not understand that they themselves give themselves into the hands of these bastards? Maybe people have as Pets are accustomed to their controlled hosts and can't live without it? I don’t see your point here. For me, it’s not about dreaming, it’s about what will happen. Governments do know about the existence of cryptos, so they only have two choices: 1) Regulate them 2) Forbid them. The third choice would be to leave them unregulated, but that’s not going to stay like that for a long time because it’s money escaping from the system. If they forbid them, people using cryptos for non-criminal purposes become criminals and if they regulate them those same people are within the law. There will always be paths to avoid control from the system. You can use fiat money to evade tax and commit crimes or to pay tax and run legal businesses. The same happens with cryptos. So, I don’t see why you consider people who prefer legalization as controlled pets. Agree. Governments legalising Bitcoin and imposing minimal regulations is the best way forward for wide spread adoption. According to the governments, fiat money, legal tender, Bitcoin, illegal tender, so obviously when Bitcoin is converted to fiat, interference from governments is expected. It is inevitable. Bitcoin is ideologically and technologically designed not to get accustomed to direct centralized policies and regulations so even though it will get indirectly regulated it isn't going to affect its decentralization and still Bitcoin users would be immune to the negative impacts of a flawed monetary system. Bitcoin adoption has yet to reach to the point where governments would think twice about banning it. To the point where Bitcoin can strongly resist any harsh regulations from the governments without hindering its adoption. As far as governments take a Bitcoin friendly stance, it's all good, nothing wrong about legalization. |
|
|
|
It has been a while since I posted since I became homeless. I have internet now and I had some ideas.
I would like to create games that earn BTC from ads and pay top players each day. My income would come from Adsense ads.
Please post ideas and follow this post for updates.
Part 1... Paid to promote the site
Part 2... Daily raffle
Part 3... Game #1 (card game)
Part 4... More games / user contributions
If we have a good result we can add mining games and maybe an ICO.
Sorry my other projects failed... Trust me, being homess sucks so I am sorry that way too.
Since your whole project revolves around income from Adsense, I don't think it is feasible. Google banned/blocked many Adsense accounts related with Bitcoin related websites, specifically sites that offer an incentive to users thus generating invalid activity like faucets and Bitcoin gaming sites. It is against their ToS. If you are planning to start a Bitcoin gaming/microearnings site then it is better to use Bitcoin ad networks rather than Adsense or start a content-oriented website and use Adsense. |
|
|
|
Coinbase released an update on the Bitcoin SegWit2x hard fork that customers with bitcoin balances stored on Coinbase at the time of the fork will have access to bitcoin on both blockchains. We wanted to give our customers an update on the upcoming Bitcoin SegWit2x hard fork in November 2017.
We operate by the principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events. This is essential in our mission to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange.
Customers with bitcoin balances stored on Coinbase at the time of the fork will have access to bitcoin on both blockchains. There is no action required from customers and bitcoin can be securely stored on Coinbase before, during, and after the fork.
After the fork, we will enable access when we have determined each blockchain is secure and stable. We expect this to happen within a few days after the fork, but it may take longer if additional risks emerge.
In the coming weeks — nearer to the date of the fork — we will provide a more detailed plan for how Coinbase will approach naming the two Bitcoin blockchains. https://blog.coinbase.com/update-on-the-bitcoin-segwit2x-hard-fork-69426f14bc85 |
|
|
|
You have been quite repetitive about numbers. In simple words, Bitcoin is mathematical/cryptographical representation of money, programmable money. As far its value is concerned, it is again quite simple, utility, Bitcoin has all the attributes of money, be it store of value, unit of account, and medium of exchange. Yeah right now Bitcoin isn't a reliable medium of exchange, but that doesn't mean it wouldn't be. To make it more simple, as with any currency, Bitcoins value comes from its perceived value, people who use it and think it's valuable. Yeah, Fiat money is debt and debt is Fiat. Backed by debt and value generated by enforcement. Money is created when loans are issued and debts incurred; money is extinguished when loans are repaid. If all the bank loans were paid up, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on the commercial banks for our money. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent monetary system. When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible. - Robert H. Hemphill |
|
|
|
I was wondering if BitcoinTalk moderators read private messages sent from user to user. If I try an advertise in a private message is that against the rules? I know that spam is against the rules obviously, but if I add a referral link in a private message am I gonna get busted? I want to give my referral links for people that specifically ask for something. I put a referral link in a thread on here and it got deleted. It was completely relevant, but nevertheless it was deleted.
Does BitcoinTalk only allow advertising in signature and avatar pic? Or can I private message people as well.
I'm worried that if I put a link in my private messages that some bot is going to flag my message and the mods will hate me for it. Don't hate me mods I'm not a spammer or malicious user.
No referral code (ref link) spam.Sending unsolicited PMs, including but not limited to advertising and flood, is not allowed.If someone asks you in PM about the website you are trying to promote and you share the ref link then that isn't spam, but adding your ref link in each and every messages is kind of a spam, and sending unsolicited PMs to users with your ref link is absolute spam. As far as moderators reading your messages is concerned, you should ask them  https://bitcointalk.org/index.php?topic=703657.0 |
|
|
|
Although forks are good for a free market, it does not mean that we have to agree with the fork, nor does it automatically mean that the fork is a good investment either. Ultimately, the best fork will win out eventually. That is the beauty of the free market. So, sit back and relax, and fork Bitcoin as much as you like, because we are better off because of such at the end of the day. It's free market, and I do agree that new cryptocurrencies bring innovation to the crypto market, but I do have a hard time understanding the ethics behind these Bitcoin forks. The valuation of a cryptocurrency is entirely dependant on its concept, utility, future potential, but in the case of Bitcoin forks it is simply riding on the success of Bitcoin, no real effort/uniqueness, making slight modifications, be it algo or blocksize, marketing it as another Bitcoin and then instant valuation, conjuring money out of thin air. |
|
|
|
I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
The major reason many users and merchants are staying away from Bitcoin is volatility. Limited supply, speculative demand, volatility and this instability is the reason why investors and speculators prefer Bitcoin. But Bitcoins utility as a speculative asset has limitations compared to its usage as a medium of exchange. Since it is always hard to have a equilibrium between supply and demand in Bitcoin, it would always be a bit volatile, but it has to stabilize to the point where it is beneficial to use it both as a speculative asset and a reliable medium of exchange. So would people use Bitcoins if it was less volatile and more stable. Definitely, usage might increase. |
|
|
|
I don't think everyone knows that the Church of Bitcoin has 11 commandments 1. Praise Satoshi. 2. Honor the blockchain. 3. Thou shalt not fork thine own family. 4. Keep the network holy. 5. Thou should not covet another man's wallet. 6. Do unto others as you would have them DDoS you. 7.Thou shalt not swear unto another man that thine payment hath not been received until all of the blockchain hath been downloadeth. 8. Salt thine passwords. 9. Hack thine planet. 10. Keep thine woman, Bruces and Atlases in separate camps if they are unclean. 11. Troll harder. https://en.bitcoin.it/wiki/Bitcoin_ChurchOn a funny note, if Satoshi Nakamoto is a God/prophet and Bitcoin a religion then Andreas Antonopoulos is definitely one of Satoshi's disciples, who is Judas? Just shared it for fun. Disclaimer: All the commandments and names in this post are fictitious. Any resemblance to actual events or persons, living or dead, is entirely coincidental.Since another couple of forks are around the corner, adding ten new commandments listed on Bitscan. 1. Thou shalt not centralise. This is anathema and the cardinal sin of bitcoinery. It counts for everything, by the way, not just mining, just in case thou were in any doubt. 2. Thou shalt be sceptical of government. Only those of a decidedly libertarian bent can be considered True Believers. The more centralised the government, the more suspicious thou should be. 3. Thou shalt not impersonate Satoshi, nor misrepresent his arguments for political gain in the blocksize debate. I’m looking at you, Craig. 4. Thou shalt not keep thy funds on an exchange. 5. Thou shalt not dabble in alts. They are the work of the Forces of Night and a distraction from the Real Deal. (Exceptions can be made) 6. Thou shalt keep control of thy private keys. Amongst other things, that means not holding funds on an exchange. They’re not wallets, thou should just pass through them after a successful trade during which thou ideally will have bought back lower. 7. Thou shalt not pronounce the name of the Beast, nor his demonic kingdom, which lieth upon the mountain called Gox. 8. Thou shalt hodl. Selling when the price is tanking is for weak hands and false believers. 9. Thou shalt not admit to losing money on bitcoin. 10. Did thou take thy funds off that exchange yet? Because thou better not come round here again until thou hast fixed that abomination. http://bitscan.com/articles/the-ten-commandments-of-bitcoin |
|
|
|
Can anybody suggest me good bitcoin CPA networks that pay in time. I mean CPA networks with offerwalls for publishers. I already know about runcpa and mgcash. I just want to know whether there is any other network that pays in bitcoin for their CPA offers . I just want to integrate it with my site. If you know any please list here. Thanks in advance.
RunCPA is legit and a good Bitcoin CPA network. You will get paid for per click, per lead, per payment and lifetime revenue share of up to 5-80%. Currently most of their offers are related to ICOs, casino, binary options, and cloud mining.You can monetize your website using their ad rotator widget. https://runcpa.com/https://bitcointalk.org/index.php?topic=978258.0Coinbucks is the oldest Bitcoin CPA affiliate network. You can integrate their offerwall into your website. |
|
|
|
Hello,
While investing in stock, commodity, bitcoin, alt-coins, forex etc one could go with
1: Lump sum purchase of big amount. Purchase bitcoin in quantity when price is comparatively low that previous weeks. Purchase date, timing could be adjusted as per individual suiting.
2: Other way is to follow the SIP that systematic investment plan. This SIP will purchase bitcoin worth $100 or whatever predefined amount. So monthly purchase of fifty dollars or convenient one worth bitcoins will be purchased. Irrespective of price of bitcoin at that time.
What do you think which one works best in long term? and which one works in short term? Which will earn better profit?
One-time investment vs investing in small amounts over a period of time. Both the investment approaches are good, but considering Bitcoins volatility, the systematic investment plan approach is better since it mitigates the risk of market volatility, spread out at different points, averages out. Lumsum investment is good for long-term, but comes with high risk, timing the market, hodl, one point, price may go above that or below that point. IMO investing small amounts of Bitcoin over a period of time is a better strategy than one-time investment. |
|
|
|
Colored coins is one of the ways to implement smart property. Colored Coins is a concept that allows attaching metadata to Bitcoin transactions and leveraging the Bitcoin infrastructure for issuing and trading immutable digital assets that can represent real world value. The value of such digital assets is tied to a real-world promise by the asset issuers that they are willing to redeem those digital tokens for something of value in the real world.
Digital assets on top of the Bitcoin Blockchain can be used to issue Financial assets (securities like shares, commodities like Gold or new currencies), prove ownership (A digital key to a house or a car, a concert ticket), store information (Documents, Certificates) or create smart contracts. A deed for a house can be represented on the Blockchain as a colored coin. The owner of that coin is then the legal owner of the house. Transferring ownership of the house becomes as simple as making a Bitcoin transaction. Advantages are, can be digitally stored and transferred to a new owner without needing a third party. The infrastructure of technology, software, hardware and services which powers Bitcoin carries naturally to benefiting colored coins. Disadvantages are spam/Blockchain bloat, insufficient hashing fees, and legal concerns. Current projects leveraging Open Assets: https://github.com/Colored-Coins/Colored-Coins-Protocol-Specification/wiki/Introductionhttps://www.coinprism.comhttp://coloredcoins.orghttps://bitcoil.co.il/BitcoinX.pdf |
|
|
|
Is there any website where you can buy a video game for ps4 or pc with bitcoins?I think that would be very nice if there is any.Digital copies, physical disk, whatever.
G2a.com and steam I know for sure that are accepting bitcoin, as for ps4 I have no idea, you can probably find someone here on the forums selling games or keys for games. btw, here's the list of businesses that accept bitcoin, might not be a full lit but still a list whatsoever: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/Thx for the info, it didn't actually cross my mind that there are people here on the forum who can sell games too for bitcoin of course  And thank you for the link too! Apart from posting on digital goods section and using escrow, the safest and legit option would be buying PS4 eGift card from eGifter. https://www.egifter.com/bitcoin/sony-playstation-gift-card-bitcoinSteamgamesBTC is legit, http://steamgamesbtc.com/index.php?page=cats&id=5https://bitcointalk.org/index.php?topic=96426.0Other options would be G2A and Plati, but both of them have a shady rep, not recommended. There is Bit-keys, https://www.bit-keys.com/en/, but a couple of scam accusations against them, some of them got resolved, still not recommended. https://bitcointalk.org/index.php?topic=1125671.0So the best option is digital goods/eGifter/SteamgamesBTC. |
|
|
|
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
Governments indirectly regulating Bitcoin is a win-win situation for both governments and Bitcoin. I think it is somewhat inevitable. Legalization would definitely boost Bitcoin adoption and the governments would make profit from taxes. The problem is then most of the countries would have centralized exchanges similar to Coinbase. Then the governments might use Blockchain analysis tools to monitor financial crimes, most importantly tax evasion. I don't think a law-abiding Bitcoin user would have any issue with this, but users who prefer using a decentralized currency to protect their confidentiality/privacy night find this a bit harsh. Another issue bothering governments about Bitcoin is consumer protection. Being decentralized and irreversible, it is quite impossible to put Bitcoin under any consumer protection laws. In the US EFT's (Electronic Fund Transfer) systems provide protection to the consumers under the EFT Act, but due to the nature of cryptos it is not possible for them to be in complete compliance with this Act. Regulation is good, but too much harsh regulations would lead to more decentralized exchanges/OTC platforms. |
|
|
|
Bitcoin is a digital currency that is fast, secure, decentralized, and which also has very cheap transaction fees. Bitcoin has no border from one country to another that is why it is accepted all over the world. Based on all these aspects, do you think bitcoin has a role to play in the future? Share with us what you think? thanks  Absolutely. Bitcoin is a paradigm shift in the field of finance and technology. It will not replace Fiat or the banking system, but it will definitely transform the existing traditional financial system, will bring much needed changes especially in the field of cross-border transactions. Bitcoin is just the beginning of the idea that a decentralized currency can exist and perform all the functions of money. We are yet to see Bitcoin being fully utilized as a currency/medium of exchange and when that happens, we will see the full impact of Bitcoin. |
|
|
|
|
Show Posts
