So, I think there is a huge misconception of so called 'greedy' miners. The issue of higher fees isn't really the miners fault. It is the rules of the protocol that is. For example:
In the protocol (disregarding the security aspect for a moment) It doesn't matter if there is 1 miner mining or 1 billion miners mining. The maximum number of transactions allowed in a block is exactly the same and the amount of time for that block to be mined will also be the same.
I think maybe a solution to high fees would be to make a rule that would require a First In First Out system with a guaranteed minimum fee. Now this wouldn't decrease transactions or transaction time, but would remove user incentives to offer higher fees because they would have to wait their turn to be confirmed, creating a more level playing ground. This would also give businesses some reassurance that they will get paid once the transaction has been broadcasted in a somewhat predictable matter of time.
Just a thought.
You can't have a "first come first serve" policy (i think this is what you are talking about) because the system would collapse in an huge queue of transactions. At some point you need to make a cut and stop dropping transactions because resources are limited, this is why the fee market is the only solution thus far, as well as trying to decrease block weight with measures that some consider controversial or unsafe. What is clear is, increasing the blocksize centralizes the network, but it's yet to be seen if Bitcoin can survive with the same blocksize forever. All these block weight decrease measures (MAST, Schnorr, and the now active segwit) must be tested a ton and would need to be on the mainnet for a couple of years before I would call anything other than legacy transactions safe. Trying to increase the blocksize will always be an incredibly complex problem that will most likely always end up in 2 Bitcoins, one that wants to stay as it was, and one that wants to have a bigger blocksize. |
|
|
|
Reasoning with old people can be hard, they have 0 tolerance to risk and they just want to wageslave away your entire life, they of course are missing on the bitcoin revolution and the many possibilities to get rich along the way. Listen to your parents. They are kinda right. It's not the best time to invest in Bitcoin now. It's slowly going down in price and hardly will go up soon. It's happening due to loss of interest to it and rapid development of altcoins. So, wait for a while or invest in Ethereum.
This is nonsense, there is no loss of interest in Bitcoin at all, we are only getting started. Buy when others are ilogically pessimistic. Maybe you shold wait for a bigger correction or not, also we don't know what OP is doing, is he earning it trading, posting on signature campaigns or offering any other service? on that case, I would recommend to keep doing what you are doing as long as you are making bitcoin and as long as it's legal of course. Don't forget that if you want to buy a house or anything like that you will not be able to cash out unless everything you made is perfectly legal and traceable. |
|
|
|
|
If you are holding coins on a segwit address and a fork which doesn't support segwit (such as BCash) happens, then you would NOT receive these coins, but this event would be impossible back then because as far as I remember BCash happened before segwit so you couldn't have had BTC sitting on segwit address (which like I said wouldn't show up on the non-segwit fork)
I think there's nothing you can do other than complain to Coinbase, post it on reddit or something to expose your case to a wider audience, they hate when you expose their incompetence.
|
|
|
|
|
I've received your Pm asking for a segwit address. I have been avoiding segwit until at least Core officially supports bech32 on the GUI which should come with 0.16. Could you wait until then? I don't want to have to trust some other wallet.
Im also sightly worried at the theoretical miner attack in which miners could collide to steal segwit funds eventually, I would rather be paid in legacy format, but I understand the fee problem.
|
|
|
|
|
My current concern is that if a big merchant like Amazon starts accepting LN payments, the smaller websites are going to have even more troubles trying to get some traffic away from Amazon and convert some sales.
Why? well because if you have to pay an on-chain fee to put money in a channel (im not sure yet if you must pay when oppening, when sending money into the channel and also when clossing, that's 3 different payments that I still don't understand exactly what's happening here) people aren't going to bother opening channels to buy with smaller websites that maybe you only buy once or twice at best, they will all stick to the same Amazon channel because in Amazon you find anything, but sometimes like I said you may test out another website because there's a bit of a price difference no your benefit, maybe an item is in stock there but not in Amazon... etc. People will not bother opening, funding and closing channels if they have to pay on-chain fees and will stick with a couple channels only, effectively centralizing commerce (even more, cause as we know shops are having a hard time competing against the Amazon mammoth)
Please anyone that actually knows how this exactly works like achow101 or nullius I would like some explanation on this practical case. I just don't see how people are going to bother if they can just pay with fiat saving the on-chain fees.
|
|
|
|
Lightening network takes care of that. This is how you will do micropayments or anything under 100$ with basically no fee. Here is LN wallet, check it out https://htlc.me/Yes if you buy a coffee each day from the same shop for a month and can spread the $30 cost over the month as a type of surcharge on top of a $1.50 drink plus pay the fees of the hub/bank who you opened a channel too. What you are saying is not correct at all you have been mislead and micro payments are going to often be a few cents sent to a web site needed to view VIP pages which i am sure we will start to see a lot of these soon. From a development perspective LN is a hack job and from an economic perspective it could well push fees even higher unless your doing 50 transactions a month and the hub you use has all the right channels open and lets not forget that Hubs need to commit there transaction to the main block-chain when doing inter bank settlements which is nothing new. Please debate these guys if you feel that my description is incorrect. https://www.youtube.com/watch?v=UYHFrf5ci_g (Short version) https://www.youtube.com/watch?v=MpfvhiqFw7A (long version, skip to 6:10 for the meat) if the public block-chain was such a fantastic concept then how come they want to go off block now and how did we ever mange to build scale-able system in the past (link web farms) without CPU wars for mining or PoW and no we didn't needed to deal with 51% attacks because our systems were better than that but yes DDOS can bring most systems down. LN introduces a degree of centralization which I can live with but they are fudging the problem which will create more trouble instead of dealing with the problem at the right level and breaking down the block-chain to become a block matrix or do you think they like running out of space in blocks, only just found out that this BC would not scale and are simply loving ripping us off in fees and some vain excuse about running out of block space. oh did i forget to mention "Lock-Managers" just in case the process was not far to complicated as it is which might just give some of the current 20,000 full nodes needed to preform seven transactions a second some real work to do for once. I think all they have done is added another wheel to to the slot machine with a few more buttons so when it costs you even more to play then it must all be the punters fault. Yes I could go on a lot more but hopefully some of the developers here will start thinking for themselves instead of being pushed along I also see a problem with the opening and closing of the different channels for each shop you buy at... this would incentivize opening a channel on a big merchant and always buy there (say amazon starts accepting LN payments, then most people would go there always and not give a chance to the smaller merchants just to save the money from opening a channel on other online shops). This would make it even worse for them. The problem tho, is when we have total morons like the BCash herd pretending that having big blocks is an actual solution and not a disaster and completely retarded approach. At least LN engineers are trying not to centralize at layer 0. |
|
|
|
"Bitcoin has the most secure network."
- Orly? Only if you discard anything else than PoW. Proper implementations of PoS, BFT, PoR, PoB are much more secure than PoW and they don't waste gazillions of valuable energy and don't pollute the environment.
Stopped reading there because it's simply fake. We've already seen how PoS can be gammed (NXT), we've already seen how the tangle thing can be gamed (IOTA), and the list goes on. All of the ones that hasn't been exploited will if they big enough to matter. None of these projects are robust enough to be able to handle trillions of dollars worth of capital, don't be delusional, there's no alternative to PoW currently. Nobody with enough money and knowledge is going to diversify their capital into any other crypto but Bitcoin and maybe a small amount in other only for speculative purposes but not believing in how safe your wealth is on these (this is why all these shitcoins pump). Just more kwukduck nonsense still wondering why Bitcoin is king. |
|
|
|
Any reason, outside the technical analysis, to choose that date?
Yes, he does not even know how the market works, and no, the price is not going to crash so do not worry about that. And the recent dip was just because of the huge fud and manipulation, they wanted to enter the market at a -10%, that is why it dropped. Now it is going up again After watching the price go from $70 to $1200 to $200, you have no idea how bad it can get. The idea the price cannot crash is a joke. It makes no sense to compare the 2013 crash (as well as the 2013 pump before the crash) with the current circumstances. for a 90% correction, bitcoin would need to suffer from some serious problems at the protocol level. Forget about governments banning it and so on, that wouldn't cut it at all, it wouldn't be enough to cause such damage. I don't get why there's people in here waiting for another MtGox, it just wouldn't happen. The MtGox situation was unique, we are talking about how the entire market depending on a single centralized exchange that failed, this can never happen again. |
|
|
|
|
I was monitoring this triangle myself. Im not sure if we can call it an ascending triangle or we'll have to deal with a symmetrical triangle... I think the angle is rather ascending.. so we are dealing with a near 50/50, it could go both ways, we are going to find out before January 21th-ish in any case.
As we get close the 21th, it will take less volume for it to break the support lines either up and down. If big bullish news happen we'll see it going up as it will quickly break the ceiling, any bad news will make it go down, if nothing happens.. the market will naturally choose.
|
|
|
|
Someone has to make price predictions to give us some perspective into the future, and im okay with Novogratz playing that role on the mainstream media, but let's be naive, this guy is a shitcoin pumper, he is investing heavily on Ethereum too among others, but as long as he pumps Bitcoin too, he's still useful. If you are going to get people into CNN, we may rather have these guys driving the price up than saying how Bitcoin is a ponzi and about to crash, because thanks to these FUDsters a lot of people have been missing getting in early for years now. |
|
|
|
If you can sign a message from a staked address, then I would be willing to tag that account. Screenshots won't do for me in this case.
i used different exchanges wallet address while i bought & sold. I can verify through my domain names too (I listed those for sale @ 2014 from my hacked account) @ https://bitcointalk.org/index.php?topic=793633.0Pick any name, so i can redirect that domain to this thread. Please help me to get my account back. Just sign a message following the template here: -----BEGIN BITCOIN SIGNED MESSAGE----- My account <account> has been hacked/lost. Please reset the email to <email>. The current date is <date>. -----BEGIN SIGNATURE----- <insert address here> <insert signature here> -----END BITCOIN SIGNED MESSAGE----- Here is the unedited post where I posted that address: ... OR I sent that address to someone in a PM with PM ID#... Send this to either theymos or Cyrus, anything else will probably not cut it. But have in mind that there are a lot of Hero+ members that have provided this evidence and are waiting still months to get a reply from theymos or Cyrus. The process of recovering an account is slow as hell and essentially broken, just look at the meta section, it's filled with people getting hacked and waiting to get a reply. They should hire more trusted people for the job to fasten the process but for some reason they refuse to do so, the result is people waiting forever for a solution even after provided all the evidence needed to prove you own the account. |
|
|
|
How to do micro payments with bitcoin? The transactions need to be verified on the blockchain, but need to minimize the fees.
With the current situation of the network and all those fee it is actually not possible to do micro transactions with bitcoin. Your best option is to switch to some other Alt coins or just wait for the lightening network which is supposed to help us do transactions instantly with very less fees. I don’t about micro payments but can you help me to explain something about micro payments that can help me in knowing more to this? Thank you for the response
Micro payments are low value transactions. Xapo is a scam, don't use it at all, Bitfury and Coinbase and co are also not to be trusted, they are behind the BCash agenda.
I understand the deal with bitfury and coinbase, but why is Xapo a scam? About Xapo: He shows a behaviour similar to Brian Armstrong (Coinbase CEO). He went up on the Segwit 2x train defying the community's will to not have another fork armageddon of 2 competing versions of Bitcoin. He is also constantly delaying scaling solutions like allowing native segwit support and instead he is profiting from enabling Bitcoin Cash and racking up the transactions fees in there. I can't trust all these big blockers, they are all dodgy and they come from the old world, they just want to make more dollars, they don't even hold that many bitcoin themselves. |
|
|
|
People have been using the "bubble chart" since Bitcoin hit $2000 after the $1000 peak during the MtGox peak.[...]
We have been seeing that for years now, and Bitcoin has proven a million times how classic technical analysis just doesn't apply to Bitcoin. Keep thinking you can predict the market, sell your BTC position, then cry when we hit an all time high next month again.
It's equally wrong to assume that Bitcoin will grow infinitely. Viewed from the "right angle", and with the "right zoom level", every asset that grows for a period in time (months, years or even decades) can be assumed to be a "infinitely growing asset". Nobody know when a bullish cycle is going to end, but it will end eventually. So for me, this kind of threads is equally legit than people predicting prices of millions per BTC. Which is, in my opinion, a very very unlikely scenario. If everything is going well and Lightning is working as expected and it gets really a mass phenomenon, I don't see the maximum stable price much above $100K - with temporary "overheatings" or "bubbles" up to 300-400K being still possible, but unlikely. The most likely scenario for me is still a Bitcoin with a "stable end price" of $20K-50K. Nobody is saying bitcoin will grow infinitely, that's nonsense, but it's equally nonsense claiming that "this is the peak of the bubble" because: 1) Bubbles are impossible to predict in it's nature, therefore you will miss the peak 2) Bitcoin has a LOT more upwards momentum than downards. There's simply *too much money out there*. The trillions sitting in nonsensical options are all going to end up in Bitcoin because they will realize there aren't many other places left. Everything else is too congested already, all the upwards momentum lies within Bitcoin and the rest of the altcoins are a joke and unsafe to host trillions worth of capital. |
|
|
|
You do realize that the market cap is just the price times the number of coins in existence, right? Of course the market cap will be lower when the price was lower.
It's one of the main reasons why all these shitcoins are a total joke. For example, Ripple, and all these premined scamcoins, create an huge supply of coins, and if someone buys just $1 USD worth, the huge premined supply will now become the marketcap at a vlue of $1 USD each. So a shitcoin generates 100,000,000,000 tokens, someone buys $1, and now the marketcap is $100,000,000,000, it's a total joke. Coinmarketcap is so misleading to newbies that think Bitcoin has real competition. All of these shitcoins have manipulated supplies with very dodgy history behind like developers burning coins in purpose, generating them, airdropping them... it's nuts. |
|
|
|
OK, you want the micro tx's to be verified on the Blockchain and that is physically impossible with Bitcoin at the moment. The best alternative would be to use something like Xapo with off-chain tx's {instant & free} and then withdraw that with one tx onto the Blockchain. {high fees come into play again} At least with this method, you would be doing micro payment and the balance will be reflected on the Blockchain.  Xapo is a scam, don't use it at all, Bitfury and Coinbase and co are also not to be trusted, they are behind the BCash agenda. If you really want to transact offchain then LN was designed for that, the problem is to fund the channel you still need an on-chain transaction, and once you use all the funds, you need to recharge it again, and typically you don't want to have big amounts out of your cold storage... fees need to go down on-chain. Segwit, MAST, Schnorr.. could make fees go down a lot, but that is a slow process, and some people are paranoid about segwit's safety. Whatever the outcome, BCash is not the solution. |
|
|
|
Can you tell us what wallet did you use to make the transaction? If you used Bitcoin Core and you used the recommended fee, you should have had no problems, but you can still use RPF to set an higher fee or use -zappwallettxes to remove the stuck fee (will need to re-scan the blockchain) You entered a tiny fee of 9 satoshis per byte. If you are not using a wallet that automatically calculates the fee for you, you can use this website: https://bitcoinfees.earn.com/Right now, it says 510 satoshis per byte is the ideal fee. |
|
|
|
Hello
10 days ago I transferred 3.17 ETH to a new ICO (CoinTrips).
The money never arrived except part of it (0.498 ETH) which is also strange.
The deposit address on my CoinTrips account also changed I am 100% sure of this and there is still activity on that deposit address when looking with etherscan although none of it it is me doin and my balance is also zero.
There is a lot of evidence.
Where can I find lawyers to help me with this?
There must be or at least there must be a demand for lawyers specialised in these things. They don't have to be "real" lawyers just people that can help and know these blockchain stuff and how to find out which account is which.
In the end I want to put pressure on CoinTrips so they send it back.
By the way: CoinTrips seems legit it's just that they don't answer me anymore.They are not a fake ICO.
This section is about bitcoin technical support, not altcoin for people that spent money on ICO's... and certainly not your legal advisors. Anyway since it will get moved to the alt coin section I will answer anyway: Your problem is that you say "They don't have to be "real" lawyers", but if you want to do something, you need real lawyers, otherwise, CoinTrips will not feel any pressure, they could scam you and get away with it. If you want to create pressure, you should create something like a Reddit post or something that gets exposure to a lot of people. You have to assume that brands in general, and specially ICOs which are scams mostly, don't care about you, they care about damage being inflicted into the brand as a whole. The only way you can achieve that is 1) Class action lawsuit 2) Public shamming (having a ton of followers and exposing their scam, or exposing in a way that reaches a lot of people, like a really upvoted reddit post for instance) Good luck. |
|
|
|
hey guys it seems like i cant accelerate transaction on viabtc idk why everytime i press on full clock to accelearte it says submisions are beyond limit  please help me out.. i got this transaction 2c5ac249afde83a69d30e0cb08e9ea40c632eddc0a222bd47bfd0a3fd3066369 Your transactions is already completed: https://blockchainbdgpzk.onion/tx/2c5ac249afde83a69d30e0cb08e9ea40c632eddc0a222bd47bfd0a3fd3066369Confirmations: 102 Confirmations Your transaction was successful a long time ago, it was sent to: 14mhsSk7y6fMfize3RD7WS6KmyVBXWCdo3 = 0.0033317 BTC and 18iAazpNihZt8cRtt3xQynHU6ehfsa9YZ4 = 0.00944531 BTC So if you own any of these addresses you should see the funds. |
|
|
|
As far as I know if you've ever been an US citizen or resident, the IRS will try to get after you even after you've long left both the citizenship and the country behind. You likely won't owe them anything, but they'll haunt you regardless.
This is insane, I've also heard this (how if you are born in the USA, you have basically no escape... you will be on seek and destroy forever no matter where you are). This is just nuts. I would like the details on this. I think Roger Ver was born in the US and he left and is now living in Tokyo, Japan and has a citizenship on St Kitts and Nevis I think, which is one of these small islands, so im not sure if he has a double citizenship, one there for low taxes and then a secondary one in Japan. Im not sure but I think he can never go back to the US.. but he has a criminal case due the explosives thing too so who knows... this tax thing is too complicated to understand to be honest. From the few I've read, you would need a double citizenship and you would need to live an X amount of days in the other country in order to keep both citizenships, maybe the amount of time you need to pass on each country depends on each jurisdictions. Would like to learn what the best outcome of this is and everything being legal of course, I would rather sleep at night. |
|
|
|
If you have a strong password or use your device just to open your wallet (you don't use it to browse the Internet) you will be safe.
the vulnerability uses some malicious JavaScript codes that can be only executed through your browser.
If you didn't lose any funds just send it to another wallet or update your electrum wallet to the latest version.
But now that Spectre and Meltdown exploits where found on all Intel computers since 1995, people are learning the fact that it's impossible to be safe. Electrum may have solved this, but you don't know if therea re more explouts lurking, either at software level or at hardware level, it's a losing battle, you must cold storage in isolated computers that are never connected to the internet, threat your bitcoins like they are radioactive material that must not escape it's containment (it must remain enclosed). People used to say that I was crazy about using libreboot, airgapping computers and so on, but now it's clear that it's impossible to keep your bitcoins safe outside of that model. With Trezors and so on you are still connecting the device on an online machine and you are trusting that their method will not have any leaks, not as idea las airgapped linux machine in my book. |
|
|
|
|
Show Posts
