Bitcoin Forum
October 17, 2018, 07:56:24 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 462 »
1  Other / Beginners & Help / Re: IS Bitcoin cash the real bitcoin? on: Today at 04:43:01 AM
I used to not be sure about the whole bitcoin cash/ bitcoin debate but after watching Roger Ver interviews I'm starting to be convinced that big blocks are the way to go.[/size]

why? just because Ver talks about benefits of having 32 MB blocks and doesn't mention any of the many downsides of it?
you don't have to be an expert to know BCH is useless. just go to a block explorer and look at the transactions and blocks. bitcoin has 4 MB blocks that are 100% full and is handling more than 2000 tx per block on average.  while BCH has 32 MB blocks that are about 0.0006% full on average and handles about 5 tx per block.
it is like the world is already answering your question...

Bitcoincash might be closer to the actual whitepaper by Satoshi because of BCH having no SegWit, but still, NO. The real and original bitcoin will always be the coin that will have the $BTC ticker. With that said, as much as how I'm really thankful to what Roger Ver has done to help bitcoin in the past, I really hate how he advertises BCH as the "real bitcoin". Even calling BTC as bitcoin core. It's stupid.
1. the whitepaper mentions bitcoin is a decentralized payment system. BCH is not decentralized so it is the farthest from the paper.
2. ticker is not something that is set with consensus rules. it is set inside a centralized place called exchange platform and because of that it is not determining what is "real bitcoin". in fact some exchanges don't even use BTC for instance kraken uses XBT.
3. Roger Ver has always been interested in making money and becoming richer. he hasn't done anything for bitcoin he has done it for his own pocket. just like the way he doubled his amount of coins when he started BCH.
2  Bitcoin / Bitcoin Discussion / Re: Now here's a guy really pissed at bitcoin/blockchain... on: Today at 04:21:53 AM
"In practice, blockchain is nothing more than a glorified spreadsheet."

well you can say that about anything else that you can think of. for example Diamond is nothing more than a glorified carbon atom. but obviously statements like these are simply dumb and they only show the lack of knowledge of the person who says them.

Quote
With the value of bitcoin having fallen by about 70% since its peak late last year, the mother of all bubbles has now gone bust.
.... or you can say value of bitcoin has gone up 600% since last year.

Quote
other digital currencies have plummeted by 90%-99%,
well, lets not confuse bitcoin with pump and dump shitcoins.
3  Bitcoin / Bitcoin Discussion / Re: Downside of Bitcoin's Anonymity on: Today at 04:12:28 AM
well bitcoin is no anonymous! and whoever says it is, they are very misled.

as for this news, why are you focusing on the negative? the important thing is that for every negative case that you can find in the news there are hundreds of positive usage in the real world but the news isn't interested in any of them. they just want to publish something hot, it may not even be true most of the times.
4  Bitcoin / Electrum / Re: Cannot Save Unsigned Tx on: Today at 04:01:51 AM
If you have Win XP, a Linux distro (in a live CD) that contains Electrum 3.x is https://bitkey.io . I think it's the easiest way to run Electrum in your system, just burn the ISO in a CD or flash drive and reboot the PC.

It doesn't run electrum 3. 
.
Unless it's been updated to using it since about a month ago as for me it was still running a 2.something version.

Nonetheless, I don't like the idea of running software like that as it seems a bit stupid. Unless you're gonig to pull out every drive and every non-vital cable for storing large amounts of bitcoin there and one day if you do an update and you have an online wallet and it steals all of your coins, therein lies the issues... Are the developers known that have signed the ISO.

for what it's worth, bitkey is a special linux distro that has been around for long enough time to not be that bad (https://github.com/bitkey/bitkey) although it doesn't seem to be that popular which makes it less safe because of lack of extensive usage and review. (last PR there is upgrading Electrum from 3.2.1 to 3.2.2)

as for second part about disconnecting,... if you are using a malicious software instead of a wallet then disconnecting from the rest of the world may not even work if the malicious software already has the keys. for instance it may be creating wallets from a hardcoded key that the hacker already has. in your eyes it will look random specially since you will be offline but it may be in control of the hacker already.
5  Bitcoin / Electrum / Re: Electrum 3.2.3 PGP Key Not Valid? on: Today at 03:54:32 AM
Thanks for the reply. I was using an old version of GPG4win so i've downloaded it and it looks like yours so all good Smiley

That's still weird though. I don't think an old version should necessarily equate to the signature being found invalid?

the comments that PGP chooses has always been very vague in my opinion and has created confusion for years. in case of OP the application is saying the "key" is not valid or in other words the key is not something that OP has in his trusted key database. and it says "signature" is OK but it is "uncertain" which is basically the same as what new versions are saying.

in other words a good signature is found but but the key is not in your apps database of trusted keys.
6  Bitcoin / Bitcoin Discussion / Re: Is it legal to send in/out cryptos to South Korea? on: Today at 03:42:44 AM
whenever you want to know about legality of bitcoin in a country (true for most of them) you can search online and visit sites that the other poster posted above but know that these sources are not reliable most of the times since they get their information from the news sites and news sites sometimes get the news out of their asses.
if you don't want to encounter any sort of problems then consult a law expert in your country instead.
7  Bitcoin / Bitcoin Discussion / Re: Is it possible to use bitcoin as a medium for collateral? on: Today at 03:31:19 AM
It is possible to use bitcoin as collateral if the following is obtainable:
1. bitcoin is stable to a reasonable extent.
2. If the keys to the wallet is secured
3. Acceptability of bitcoin in certain countries
4. Technology behind bitcoin is well understood by the parties involved.
5. etc.

1. most of the times bitcoin is either stable or rising slowly
2. when you use bitcoin as collateral you send it to the other party, you don't give them a wallet with the keys!
3. that is no required at all because bitcoin is decentralized and it is supposed to work without needing "acceptability"
4. in order to use or accept bitcoin you don't need to understand the technology behind bitcoin just like you are using a million different things in your life that you don't understand the technology behind them.
8  Bitcoin / Bitcoin Discussion / Re: China can destroy bitcoin on: Today at 03:22:43 AM
making China big and evil is starting to get too old. people should try to be innovative and come up with new scarecrows for their purposes because people don't  care anymore about what you say about China and the exaggerations that are made about them regarding "control" of hashrate and other things.

algo change could take care of that

yeah, for 10 years others have tried destroying bitcoin and failed. let us destroy bitcoin with our own hands now by doing this change.
9  Economy / Speculation / Re: Bitfinex - new page: "Fiat on Bitfinex" on: October 16, 2018, 05:50:40 AM
Two considerations:

  • Bitfinex has a Bank again.
  • Bye bye Tether ?

there's nothing "new" here though, right? people couldn't previously withdraw USDT without verification, could they? if you pull up the original announcement about tether, it referred to "verified" users.

so i'm not sure what they're trying to accomplish with this post.

are they just saying, "fiat on bitfinex isn't monopoly money, it's actually real fiat money, we swear!"

i think they are trying to hide the fact that the ATH that was reached on Bitfinex yesterday was the number 7721.3 so if they say it is dollar then the number will become $7721.3 which will be a huge price rise.
but since it is not dollar and it is Tether the number is 7721.3 Tether. and with Tether price being less than $1 there was no real price rise apart from the momentary panic of ATH.
in other words current price of 6800 Tether on bitfinex is equal to 6460 Dollar on Bitstamp because 1 Tether = 0.95 Dollar

and the statement doesn't make any sense to me either. people deposit Tether, withdraw Tether and trade with Tether. so how can this be true: "all trading pairs on Bitfinex are placed against USD"!!!!
10  Economy / Speculation / Re: I can see greens! on: October 16, 2018, 05:19:41 AM
you should really stop looking at colors and start looking at charts instead. for example what you see green in most altcoins is because of their recent big dump. for example a coin that was dumped from $240 to $190 (red) is not green because it has gone up from $190 to $210 (green). but that "green" you see is a drop in fact because it has lost value.
not to mention that none of this is any kind of signal for rise or drop. all we know is that currently bitcoin price is stable while altcoins try to reach some stability.
11  Other / Beginners & Help / Re: Trading with caution on: October 16, 2018, 05:11:09 AM
* it's advisable to diversify your investment. The cryptocurrency market is very volatile when for example coin A is having a pump coin B can be having a dump let's say you invest all you had on only coin B you will be headed for loss and regret. Spreading your investment amongst project is quite advisable not only in the cryptocurrency world but in so many other sectors. The future can be uncertain and unpredictable but when you have investment on more than one project you tend to increase your safety

a very common mistake among people who invest in cryptocurrencies and are generally new to investment is that they think "diversify" means "buy multiple things instead of one". but this is wrong and a very simple way of thinking about it.
just buying more than one coin is not called diversification. if it was that easy then everyone would have become millionaires. diversification means you buy multiple assets that are not connected to each other! for example if you have coin A and buy coin B to diversify but if coin A goes down then coin B follows it down then that doesn't mean you diversified. it only means you made things harder for yourself to handle.

Which coins would you advise to combine to have proper diversification?


exactly what @jseverson said apart from the stablecoin part because they are still altcoins and they also have risks similar to altcoins. for instance these days you can see that Tether that everyone mistakenly thought will always be stable has fallen down below $1.
but basically when you diversify, you are diversifying your money that you invest. this means buying different assets that are not connected to each other so that they are not taking influence from similar incidents. because that is one of the points of diversification, to reduce the risk of losing money when some incident happens. for instance when Bancor was hacked this year price of every cryptocurrency dropped (bitcoin dropped less and altcoins dropped more). so if you held cryptocurrencies only that meant you lost money but if you held bitcoin + stocks for instance you only lost money on your bitcoin investment while your stocks were moving the same way as before because they weren't affected by this incident obviously!
12  Bitcoin / Bitcoin Discussion / Re: Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator on: October 16, 2018, 04:42:27 AM
bitcoin and because of it cryptocurrencies is a growing phenomenon that they can not do anything to prevent it. so if the government wants to keep their control over the market they would have to forget about a total ban of cryptocurrency exchanges and instead think about regulating them in a way that they can keep people on these exchanges and have control over them.
otherwise we have seen total bans leads to migration not prevention. people simply start using other methods of trading, methods that involve decentralization and remove government control altogether.
13  Bitcoin / Bitcoin Discussion / Re: What’s Causing 2% Bitcoin Premium on Bitfinex? Possibility of Arbitrage on: October 16, 2018, 04:33:49 AM
in the end this is going to be a very good thing no matter what happens. people have been starting to truly believe that USDT and USD are the same. from about a dozen topics that were created in the past days you can see that they are all talking about price of BTC/USDT as if it is price of BTC/USD. some are even excited and call this a "rise".

hopefully by the end majority of people start knowing that tether is also another altcoin and has similar risks to any other altcoin and it also has the centralization disadvantage and the risks that come with that.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: The StableCoin Craze on: October 16, 2018, 04:25:56 AM
It's not surprising considering how bad Tether was in terms of transparency, etc...

i don't think it has anything to do with that.
when you think about it "stable coin" is another subcategory of altcoins so it also inherits all the issues that the altcoins have. in short everything is open source and easy to fork and for years people have been creating their own altcoins by copying work of others and 99% of them have been doing it to make money. this subcategory is not any different either, they are still doing it to make money and gain some power in this market.
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin connected to our banks!!! on: October 16, 2018, 04:20:18 AM
USD is accepted everywhere but for example if you live in a country that is not US and want to deposit USD in your bank account they won't accept it (there are exceptions though) you have to exchange it first to your local currency and deposit that.
bitcoin won't be different. there will be exceptions, meaning some banks will eventually allow bitcoin deposits/withdrawals or in short bitcoin accounts while the rest will continue like before meaning only working with local currency.
16  Alternate cryptocurrencies / Speculation (Altcoins) / Re: will tether collapse? on: October 15, 2018, 04:41:30 AM
I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.

You know what's weird? Poloniex has done nothing but lick asses of regulators and other legal entities, but also has done nothing to even question how potentially harming Tether could turn out to be for their operation. If I was a regulator, I would have forced Poloniex to get rid of Tether, or else not be granted approval for takeover at all.

i'm not sure there's a legal basis for that. that might just be the beauty of stablecoins---regulators really only have legal standing against the issuer/redeemer. that's why the USA government came after ripple labs but never any exchanges that listed XRP.....because ripple laps was the issuer.

exchanges like USDT because it's liquid: they easily can bootstrap markets. trying to launch real fiat markets is probably a liquidity nightmare.

it is not just liquidity. it is also about all the problems that will come with using fiat. for a fiat market they will have to rely on banks, banks that can be friendly to them now and when their account grew close it down because they had a change of heart about cryptocurrencies (eg. Indian Reserve bank). not to mention the AML/KYC that they are forced to follow and that may mean losing a large number of their users.
it is also the speed. fiat deposit/withdrawals will take a lot of time whereas tether is like any other crypto. it will be fast.
17  Economy / Speculation / Re: I don't like this stable price! on: October 15, 2018, 04:31:41 AM
For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500
anybody who has been speculating this, has no idea how a market works. and many of them have confused bitcoin with pump and dump shitcoins. they look at them and see they are pumping from $100 to $1500 then fall back down to $100 and think bitcoin should do the same missing out on the biggest difference which is utilities that bitcoin is providing and the "real" adoption that it has versus the only usage of those shitcoins which is speculation and pump and dump.

Quote
I don't think the current stability is going to allow that to come to pass
wrong.
the reason why it will never happen is the "real demand" that bitcoin has.
the stability right now is only showing the accumulation phase https://www.investopedia.com/terms/a/accumulationphase.asp

Quote
However,  if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become  acceptable.
wrong again. we have seen adoption growth both during the most volatile times and the most stable times alike. in fact one of the main reasons why bitcoin price shoots up fast and big is exactly because of that adoption!
as an example you can take a look at the large scale merchant adoption in Japan last year when they accepted bitcoin as a "legal way of payment" and then removed taxes on it too. that led to a huge price rise and the rise led to more adoption and more rises.
18  Other / Beginners & Help / Re: Trading with caution on: October 15, 2018, 04:21:54 AM
* it's advisable to diversify your investment. The cryptocurrency market is very volatile when for example coin A is having a pump coin B can be having a dump let's say you invest all you had on only coin B you will be headed for loss and regret. Spreading your investment amongst project is quite advisable not only in the cryptocurrency world but in so many other sectors. The future can be uncertain and unpredictable but when you have investment on more than one project you tend to increase your safety

a very common mistake among people who invest in cryptocurrencies and are generally new to investment is that they think "diversify" means "buy multiple things instead of one". but this is wrong and a very simple way of thinking about it.
just buying more than one coin is not called diversification. if it was that easy then everyone would have become millionaires. diversification means you buy multiple assets that are not connected to each other! for example if you have coin A and buy coin B to diversify but if coin A goes down then coin B follows it down then that doesn't mean you diversified. it only means you made things harder for yourself to handle.
19  Bitcoin / Bitcoin Discussion / Re: Robert kiyosaki; Bitcoin (cryptocurrency) to destroy the stock market. on: October 15, 2018, 04:09:10 AM
You now longer have to buy stocks to get a small piece of a company. You could just buy their coin.

there is no need for a company to create a "coin" just because they want to sell shares on stock market! that doesn't make sense because they don't need to maintain a "coin" and its network just to have shares on stock market!
if by "coin" he means a token then it is even worse because then it will rely on another platform to run its token on.

Why? Tokenization on decentralized platforms is useful. People can buy, sell and raise funds easily and outside of the legacy financial system. Investors can avoid KYC using secondary markets and fundraisers can avoid trusted financial intermediaries.

What is fundamentally bad about ICO tokens...?

the keyword is "people can raise funds" not companies. and that has been the only case, random people without a company pretend to be a company and raise funds to do nothing. they use ICO exactly because there is no regulation, there is no KYC,... they can do whatever they like and get away with it.

a legit company that is registered and established,... is also regulated and for raising funds can not avoid things like AML/KYC laws unless they are trying to do something illegal. and there are better ways of raising funds that are also perfectly legal. there is no need for creating a useless token that is only used for raising funds.
and the common argument about changing the ways is valid here too. why would you change your method when the method you are using is already good and the alternative introduces a lot of issues?
20  Bitcoin / Bitcoin Discussion / Re: Crypto Regulation Does not take away the concept of Decentralization on: October 15, 2018, 03:51:52 AM
the thing about fraud and scammers is that as long as people are gullible, there will be scammers. the more gullible and desperate they are the more scam cases we will see. for example the ICO scams that OP mentions that grew in 2018 is a good example. the reason for it was simple. with the growth of bitcoin we had a lot of newcomers and among them were a lot of gullible newbies. on the other hand we had this simple method of creating a token fast and cheap and easy, so obviously the result was a fast creation of thousands of ICO scams.
in other words the growth in scam cases was not just because of the community size growth but mostly because of the easy methods that were created for scamming.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 462 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!