703
|
Bitcoin / Bitcoin Discussion / Re: Absolutely the Best explanation what will happen with SegWit2x and when!
|
on: July 20, 2017, 11:06:20 AM
|
The point is there will NOT BE TWO Bitcoins.
There can't be two bitcoins in the same ecosystem anyway.If still the split happens,we will have a bitcoin and another altcoin. I read through the post,preciously written but hey do you think all the miners would play safe ? There is this little chance the split would still happen I feel. There is so much confusion around the whole process, makes you wonder if this is early growing pains or is this going to happen again in the future? The decisions made now will impact everything going forward! I'll. Try reading the information posted to gather more knowledge, but sometimes it just feels overwhelming
I'm glad it will be working in bitcoin's favor.The post theymos wrote (which appears on the forum page) should be easy to understand. Yeah there will be no two bitcoins. If BIP 91 locks in before August 1, there would be no UASF or probably no UAHF. The entire network would have Segwit and even then if a small percentage of miners go ahead with UAHF (ViaBTC/Jihan) it would be against their economic incentive and if they do then a separate blockchain, altcoin which is in no way related to bitcoin or going to compete with the Segwit activated main chain. Coinbase had announced that they wouldn't support any UAHF coin, same would happen with other exchanges, the alt, Bitcoin ABC/Bitcoin Cash would be dumped immediately.
|
|
|
704
|
Bitcoin / Bitcoin Discussion / Re: The OFFICIAL SegWit2x Lock-in Thread
|
on: July 20, 2017, 10:36:02 AM
|
81 blocks needed out of the remaining 101 (20 blocks diff), signalling at 80.1%. Still approximately 16 hours to go before this lock in period closes. F2Pool and Slush Pool might start signalling BIP 91 from tomorrow, if we go at this current rate, lock in would happen in this window without any assistance from these two pools. They should have joined the party earlier.
|
|
|
705
|
Bitcoin / Electrum / Re: Are my bitcoin safe in Electrum Bitcoin Wallet?
|
on: July 20, 2017, 06:57:06 AM
|
Hi After reading of lots of thread regarding 1st Aug 2017 I still didn't understand anything. Because I am not a tech guy. I am an investor and Invested my money into bitcoin and stored on blockchain.info BTC wallet. But what will happened on 1st Aug 2017 I don't know and may be some more users also don't know. Some user said that blockchain.info BTC wallet is also not safe. That's why I make a decision after reading this thread - https://bitcointalk.org/index.php?topic=2012799.0As admin - theymos recommend that storing my bitcoin to Electrum wallet is more safe then other place even I am not confirmed what will happened on 1st Aug 2017. So I downloaded the Electrum BTC wallet on my PC and create a Standard wallet and transfer my BTC from blockchain.info to Electrum Wallet. Regarding creating Wallet what are the information I have to save or write down on my diary or somewhere else. Please guide me. So my question is Is it safe to create a Standard wallet or wallet with two factor authentication? Is it possible to upgrade this wallet with two factor authentication? If Bitcoin split then both type of Bitcoin shows on my Electrum wallet and I am able to spend both type of Bitcoin from my Electurm Wallet. I have also installed Electrum Android version on my Mobile. Your bitcoins are safe in Electrum wallet. 1. Write down the wallet seed in your diary or somewhere else. If you don't have the seed and you forget the password, you wouldn't be able to restore your wallet. 2. A wallet with two-factor authentication provides additional layer of security security over standard wallets. 3. I don't know if you can upgrade standard wallet to 2FA wallet. 4. Yes, in case of a split you would be able to spend both type of bitcoins, http://docs.electrum.org/en/latest/hardfork.html
|
|
|
706
|
Bitcoin / Bitcoin Discussion / Re: Bitcoin in College???
|
on: July 20, 2017, 05:24:49 AM
|
Bitcoin as a course or any related currency on web. In my country we have multiple courses in computer especially programing and web developments. My course is also information technology, but i've never heard or learn about online currency as bitcoin. In present, and future studies is there any chances for inserting about it in education. In your country is it available? It would be better for any country to adopt bitcoin in educating new generations. Instead of playing games and wasting money in surfing xxx sites.
In future if bitcoin becomes a subject of discussion or part of curriculum in schools or colleges it wouldn't be just because of its economical aspect, but majorly because of the technology behind it, blockchain technology. Today there are some universities offering blockchain technology related courses and there are many online options too. There is BEN (Blockchain Education Network), formerly CCN (College Cryptocurrency Network) which provides high school students and undergraduates with Bitcoin/blockchain related educational materials, organizing cross-campus events, helping starting Bitcoin/Blockchain Clubs. https://blockchainedu.org
|
|
|
707
|
Bitcoin / Bitcoin Discussion / Coinbase won't support UAHF/Bitcoin ABC
|
on: July 20, 2017, 02:56:20 AM
|
There is a minute uncertainty over Bitmain or ViaBTC's UAHF. 1. There would be no UAHF/Bitcoin ABC if BIP 141 locks in. Only if it fails and UASF gains majority. 2. Regardless of BIP 91 locking in Jihan/ViaBTC might go ahead with UAHF on August 1. He is dumb enough to do it. Coinbase released a statement yesterday that they won't be supporting Bitcoin ABC. The current User Activated Hard Fork (UAHF), including BitcoinABC, is a proposal to alter the Bitcoin protocol by creating a new version of the Bitcoin software, which will operate on its own, separate blockchain. The UAHF is incompatible with the current Bitcoin protocol and will create a separate blockchain. Should the UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin.
https://support.coinbase.com/customer/portal/articles/2844217-uahf-uasf-faqCustomers that desire access to UAHF coins should withdraw their bitcoin from Coinbase by July 31. https://twitter.com/coinbase/status/887703206435758080In short, this is not restricted to Coinbase only, your coins aren't safe in any exchange until there is no uncertainty. If UAHF happens more popular exchanges might take a similar stance, maybe only a few exchanges would allow dumping Bitcoin ABC with Jihan the sole buyer.
|
|
|
708
|
Other / Beginners & Help / Re: How do you deal with USD to bitcoin conversions?
|
on: July 19, 2017, 03:38:57 PM
|
I'd like to ask you all another newb question, with regards to quickly being able to do the math on bitcoin price. Specifically, when you're on the exchange and you're wanting to buy/sell. I'm used to everything being priced in U.S dollars, so I'm having something of a hard time figuring out exactly how much I'm buying. Since the exchanges only deal in the price of bitcoin, and won't tell you how much you're paying in USD. When I go to buy something and I see a price like "0.00000380 BTC" I have a hard time figuring out how much USD I'll be spending to buy x amount of that coin. How do you deal with this? Especially with the constant flux of the price of bitcoin. I found this site, but it won't show you tenths of a cent. It only goes down to $0.01. Is there another site out there which you can do quick conversions of bitcoins to dollars, even if the amount is less than 1 penny? http://www.coindesk.com/calculator/Maybe this website would be helpful, http://www.btcsatoshi.comIt is powered by CoinDesk. It will show you the value in Satoshi even down to hundredth of a cent, right now $0.0001 = 4 Satoshis Couple of similar sites: http://satoshitobitcoin.co/satoshi-to-usd/https://99bitcoins.com/satoshi-usd-converter/
|
|
|
710
|
Bitcoin / Bitcoin Discussion / Re: Where are the real bitcoiners? Those who wanted to fight against the banksters?
|
on: July 19, 2017, 09:38:40 AM
|
I'm sad, I don't see bitcoiners anymore. Everybody only talk about money, money and money. When I begun in 2012, I remember a lot of people talking about to figh against banksters and centralizations. Satoshi were our god and their ideals our bible but now Money is the god and I'm the atheist in the middle of this church full of newbies, haters, dumbs and greeddy's people.
Where are them?
These walls are kind of funny. First you hate ’em, then you get used to ’em. Enough time passes, gets so you depend on them. That’s institutionalized. - Red We people generally have an institutionalized relationship with the banking system. Bitcoin wasn't meant to take the banking system head on, but to give a choice to the people who want to get out of this institutionalized state and that is happening. The more people use it, the banking system gets more weaker. Bitcoiners have the choice and they are making use of it to take out the banks in an indirect way. Some bitcoiners are a bit busy helping the banksters get hold of a centralized bitcoin network.
|
|
|
711
|
Bitcoin / Bitcoin Discussion / Re: Being Unemployed Drives People to go to Bitcoin
|
on: July 19, 2017, 09:10:36 AM
|
Weeks ago, I am discussing Bitcoin to my sister and my future brother-in-law (then) When they got married recently, both of them were unemployed and have been trying to get a job immediately after their marriage. Up until now they have no luck. My sister then decided to talk to me about how do I earn Bitcoins. I gladly explained it to her and then she decided to do it too. She was so happy that she is already earning bitcoin and had some extra budget while they are both unemployed. And now, she is so eager to learn more how to earn more coins.
Being unemployed drove her into engaging to Bitcoins. Maybe some people are like this. They grab Bitcoin when they are in need of money. And since that these people are now engaged in Bitcoin, I am sure that they will stay in Bitcoin and treat it as an investment even though they will have a decent paying jobs in the future.
Being unemployed and earning Bitcoins through various freelancing jobs or selling services etc can be called a part-time employment through Bitcoin, even a regular job if you are good at programming. If you are unemployed, you don't know about Bitcoins and you have some freelancing skills, you will still engage in these activities to earn dollars or your local currency. In this scenario, bitcoin doesn't necessarily needs to be the driving force to push the unemployed people to engage in it unless you are comparing bitcoin trading or investment as a job. Both of these require capital so exactly not a safe job or alternative to a regular job. Yeah, even without serious skills you can earn a passive income from this forum, but still not a substitute for a regular full-time job. Always consider bitcoin earnings as a passive source of income unless you are a big trader backed by a heavy capital or a pro in bitcoin/crypto related technologies (programmer/coder/developer) or running a profitable bitcoin related website.
|
|
|
712
|
Economy / Trading Discussion / Re: The best exchange for Bitcoin > Paypal?
|
on: July 19, 2017, 05:53:10 AM
|
Is it even possible? I tried to Google and found some answers, but I don't trust Google, I want user experience.
I don't think there are any legit Bitcoin to PayPal exchanges. Scammers have made it impossible to directly buy BTC with PayPal or vice through since PayPal is shutting down accounts of such exchanges because of many instances of fake chargebacks and scam accusations. There was CoinPal, the most legit BTC/PayPal exchange, but shut down because of PayPal fraud, https://bitcointalk.org/index.php?topic=93770.01. Deal with trusted forum members. 2. Choose one of these methods, https://99bitcoins.com/buying-bitcoins-with-paypal-a-practical-guide/VirWox is reliable, but too high fee, chances of getting scammed are high through LocalBitcoins, same with Paxful. Recommended is dealing with one of the trusted forum members or VirWox.
|
|
|
714
|
Bitcoin / Bitcoin Discussion / Re: Bitcoin Big Blockers to Fork Off, THANK GOD
|
on: July 19, 2017, 04:11:49 AM
|
Bitmain's contingency plan against UASF was UAHF. According to the below statement UAHF would be deployed if Segwit2x fails to activate Segwit or BIP 148 has the majority, right now it is Segwit2x all the way. If BIP148 activates then UAHF will be alive on the same day. The UAHF chain will protect the economic transactions that are under risk of reorganization because of UASF. Later, we will support the activation of SegWit on the UAHF chain if there is no patent risk associated with SegWit and if the arbitrary discount rate of witness data segment is removed. The ABC specification falls in line with mining hardware manufacturer Bitmain’s hard fork protection plan against a User Activated Soft Fork (UASF), but Bitmain has not officially endorsed the ABC project. Bitcoin ABC is a full node implementation of the Bitcoin protocol. We have removed the controversial SegWit code, replacing it with a simple, sensible, adjustable blocksize cap. ViaBTC's UAHF plan doesn't have Segwit. If I am right there would be a UAHF only if Segwit2x fails. Bitmain UAHF, ViaBTC UAHF, let more pools come up with their own UAHF and create Bitcoin ABC, EFG, or XYZ. Still there be only one Bitcoin and rest alts.
|
|
|
715
|
Economy / Web Wallets / Re: Bought bitcoins, 2 transactions in my bank account (same amount)
|
on: July 18, 2017, 03:34:01 PM
|
Hi, As told in the subject, I bought bitcoin on Monday morning (1am) with blockchain.info platform. I looked at my bank account, there are two lines corresponding to this transaction (2*the amount) on waiting. Then I looked in my bitcoin wallet, it's written that the transaction has been made yesterday (so on monday) and I have the same unique amount... Is that a bug ? Or is that the normal way ? And when i want to sell my BTC, I can't : there is a pop-up saying I have to wait 6 days. ("Please bear with us as our exchange partner verifies your payment information. This will happen once, and you may resume buying/selling in 6days").
Thanks in advance for your answer. Lycris
Blockchain doesn't have direct buy option. They have partnered with Coinify and this service is limited to users in Europe (SEPA region only) We currently offer users in the SEPA region the option of buying bitcoin within their Blockchain wallet through our partner Coinify Once your order is submitted the transaction will be In Review. The exact length of time a transaction takes to complete varies by amount, country and payment option. https://support.blockchain.com/hc/en-us/articles/217439106Until the documents are uploaded and all steps from the registration/authentication completed the transaction stays in a pending status and bitcoins can be sent only once the whole process is closed, the documents reviewed and approved by our compliance team. If the process is not closed and the full procedure completed within 72 business hours from the time the order has been created,the order expires and an automatic refund is issued and sent back to the customer's account. Note it might take a few more days for the refund to show on your bank account. https://support.coinify.com/Knowledgebase/Article/View/164/34/blockchain-card-payment-flowI guess your SEPA transfer hasn't been confirmed by Coinify yet. SEPA transfers should get confirmed maximum within 24 hours. Yeah, there are some bugs in Blockchain wallet, try contacting their support, https://www.coinify.com/support, it redirects you to blockchain support.
|
|
|
718
|
Bitcoin / Bitcoin Discussion / Re: yet another interesting option on the eve of the 1st of August
|
on: July 18, 2017, 12:11:27 PM
|
The common goal is to save trust of general public and investor to the hole crypto economy, rather than just a Bitcoin (which is still almost synonym for the majority of people). So, God (diligent people) forbid, if something goes wrong, the damage to crypto economy reputation will be catastrophic.
But, thanx to (diligent people) there are some other instruments that are (a kind of) alternatives to Bitcoin, and nevertheless still are crypto assets or coins.
So major advices we could read now in various media are: 1. Stop doing any kind of operations during uncertainty period (for approximate 2 weeks since 31 of July); 2. Convert your BTC(XBT) tokens into fiat money till uncertainty period is over; But all this options provoke ether tension or panic. So (guess not only me who agree) what about option nr. 3: 3. convert your BTC crypto to some other crypto (which are not less reliable but still alternatives to BTC).
Benefits: 1. Crypto market capitalization remain the same, that will extinguish the panic; 2. Users are still able to make crypto operations during Bitcoin uncertainty period; 3. If something go wrong with BTC users will not loose their money (because money are in other crypto assets); 4. If everything go well users will return to BTC with no damage to general crypto economy reputation.
Major advice would be to withdraw your coins from exchanges or online wallets and store where you readily have access to private keys. Yeah, it is logical to not indulge in transactions during uncertainty (I don't think a soft fork would cause any serious network instability) Newbies get panicked easily, they might convert BTC to fiat, but I don't think veterans or people who have faith in BTC will indulge in conversion, just hodl and wait. Bitcoin and alts have a price correlation. If bitcoin price goes down, alts also go down, yeah diversifying might be helpful to prevent a small percentage of loss, better than converting to fiat especially if you want to use crypto for transactions. August 1 or not, bitcoin is a volatile currency and people understand the risks and benefits associated with it. If the price increases after August 1 and you sell your bitcoins before that you are in loss, but even if price drops after August 1, it has to be temporary, the price would surge again, holding is just more than enough to get through it. It's not an investment advise, just my opinion. Your coins, you are free to do whatever you want to do with it.
|
|
|
720
|
Bitcoin / Bitcoin Discussion / Re: The Barry Silbert segwit2x agreement with >80% miner support.
|
on: July 18, 2017, 08:31:02 AM
|
I lol so hard at the BU blocks. Why? Why oh why! -edit- looks like the BU blocks are slowly dying so whoever was running BU nodes is slowly migrating.
Never fear, the big blockers will be back with their next hard fork coup attempt in the guise of bitcoinABC. On 22nd July 2017, we will be launching a brand new BCC mining pool and lock the activation time of UAHF at 12:20 1st August 2017 (UTC Time).
If you decide to switch and mine on the BCC chain, you will still be mining BTC before UAHF activates at 12:20 1st August 2017 (UTC time) and switch to mine BCC after UAHF is activated. Would there be a UAHF on August 1? 1. UAHF on August 1. 2. Segwit2x hard fork by November. This UAHF wouldn't fork the complete network, right? Miners could opt to mine on BCC (altcoin) chain. This is a bit confusing, why go through the whole Segwit2x drama when they still want to deploy UAHF? Maybe because they know there wouldn't be a majority for the hard fork on November? https://medium.com/@ViaBTC/statement-on-bitcoin-user-activated-hard-fork-6e7aebb67e67
|
|
|
|