Latest posts of: cellard

Quote from: darkangel11 on April 28, 2017, 06:13:57 PM

Quote from: cellard on April 28, 2017, 05:47:21 PM

It's stupid to send free transactions anymore, this is now 2010 unfortunately. So you have to pay the fee if you want priority to get your transaction validated as fast as possible, it is what it is.

Yes, blocksize increase will make it cheaper, but segwit makes it cheaper too. Hopefully we can eventually see both approaches.

That's true transactions with no fees are a bad idea, but i wanted to point out that not all transactions are getting confirmed.
I'd like to see SegWit activated, but it most likely won't happen, unless they find a way to change the required number of signaling nodes to 90% or even less. 95% will never happen, the community is too divided.

I've never had a problem sending transactions, the ONLY problems I ever had were during obvious spam atacks, but those are temporal because the idiots performing the attack eventually run out of money. So in normal situations, while slow, the coins never get stuck in the blockchain. I use bitcoin core's recommended fee and it never fails.

I wish to segwit eventually but right now I see 0 chances.

The USDT thing is making me extremely worried about Poloniex. Poloniex is pretty much the only place to do altcoin trading with decent volume, if Poloniex crashes it's going to be bad. Im withdrawing all of my coins from Poloniex for the time being, until the USDT situation is resolved. I like trading and having some liquidity in exchanges (I understand the risk) to take advatange of quick market moves but this is making me too nervous to have single satoshi there.

Quote from: darkangel11 on April 28, 2017, 05:43:52 PM

Quote from: Sweetbtc on April 28, 2017, 05:15:13 PM

Currently BitCoin Blocks is taking longer then usual to be confirmed even with high fees. Please do not complain about unconfirmed transactions. BitCoin Block confirmation time is related to BitCoin network and it's miners. All unconfirmed transactions will be confirmed eventually. Visit website: https://chain.so/btc to observe the current situation of BitCoin network and how fast blocks are being confirmed.

Do you know that some transactions with low fees are described as taking x number of hours up to infinity? There's no guarantee that all transactions will get confirmed.
I had a transaction that was stuck for 3 days and this was a transaction with a fee, imagine what can happen to a transaction sent without one.

Quote from: DoctorG on April 27, 2017, 04:50:24 AM

I have seen a lot of news over the past 6 months, since BTC sold for around 600 dollars.
One thing that seems to have stood out in the news is the relentless positive attitude surrounding Bitcoin.
The price continues to thrive and big business wants a piece of the action.
Words such as 'decentralized' and 'blockchain' have become so common in start-up's and established business.
In a world where where we used to have emoji's we now have guides on emoji grammar. The online world is changing. Shocked

I cant tell you all that I have any more knowledge than the average Bitcoin Miner.

So fro 600 to 1300 dollars in 6 months, My prediction is for BTC to hit $1500 in 30 days. That's my logic!

If it doesn't, I you have my word that I will not try to predict the future again, now where did I put my crystal ball....

Just months ago I would have said we wouldn't see $1500 until at least December, but this bullish trend is getting so strong that it has no stopping. We'll see if it stays above $1300 once the SEC re-evaluation of the ETF happens, oh and don't forget the ongoing mess at bitfinex. Hopefully we don't see another crash.

What im trying to understand is, how did it take so long for somebody to find out about this? I mean I understand most devs have better things to do, but we are talking about the biggest miner provider, so if I was a bitcoin developer I would be taking great attention to every single pull request on the bitmain github because these guys are always going to try to be a step ahead and try to have a hidden ace of spades that could checkmate the entire network. If this wasn't found in time, they could have made a lot of damage.

If Jihan felt cornered and about to be defeated, im sure he would go down while trying to kill the entire thing, and this was a way to do it. Remember to always think the worst.

I can see this thread becoming another blocksize wars were idiots want to centralize the network by raising the blocksize to 8+MB so we can have half-assed over-the-counter transactions to buy coffee.

Sorry Roger, the dream of buying Coffee with bitcoin is only possible with Lightning Network and segwit.

https://twitter.com/JackMallers/status/857357930777149440

Get with the program.

Quote from: Lauda on April 27, 2017, 11:22:59 AM

Quote from: youdamushi on April 27, 2017, 10:18:07 AM

Rha you're just very picky about the meaning of words xD

Don't use strong words when you don't know the meaning behind them.

Quote from: youdamushi on April 27, 2017, 10:18:07 AM

I'm not saying they're some kind of God that decide how things work. I'm just saying they're in a dominant position of power: they're trusted, their development are used by nearly everyone etc...

They have deserved this. I take it that you haven't been keeping track of the development on GitHub. Whilst BU tries to fill in all of their loop holes (whilst using an outdated Bitcoin Core version), there have been some pretty nice changes proposed.

Quote from: Xester on April 27, 2017, 10:54:17 AM

The last time I see the charts Bitcoin unlimited has 49% votes leaving the core at somewhere between 30 to 40%. But this does not mean that the core has lost since there are still group of miners who have not placed their sides.

Quote from: Xester on April 27, 2017, 10:54:17 AM

Even with the lead of the BU the core have not yet lost nor BU has won. We will only be convinced that the core had lost when BU is activated and the Core will be disabled.

I'm not sure whether you're a signature campaign spammer or just very ignorant or both. "Core will be disabled" makes no sense, in any context.

Anti Core guys keep living in lalaland where people aren't using their software even to mine blocks for other stuff because that's how good Core's code is (and how bad BU and the rest are). They also keep ignoring the fact that BU is no longer relevant. Futures show BTC-U has been dumped into oblivion. Nodes keep crashing while you claim they are production ready, f2pool already joined segwit, 75% of everyone running relevant services want segwit. BU rejected by 70%!

https://medium.com/@21/using-21-to-survey-blockchain-personalities-on-the-bitcoin-hard-fork-1953c9bcb8ed

Will their stances ever align with reality and face facts?

This seals the deal. Jihan Wu is not some bright kid that started an empire by himself. This has been a Chinese government funded takeover by default to control bitcoin. Are we going to let them get away with it?

I know PoW change is an huge deal, but isn't doing nothing worse in the long term? Wake up people.

Quote from: Nagadota on April 26, 2017, 03:17:37 PM

Quote from: gentlemand on April 26, 2017, 02:02:21 PM

Quote from: cellard on April 26, 2017, 02:00:37 PM

https://medium.com/@21/using-21-to-survey-blockchain-personalities-on-the-bitcoin-hard-fork-1953c9bcb8ed

We would like to know why you keep ignoring reality.

They're not miners so they don't count. The users will of course do what their mining overlords tell them to do and pile in to a system that breaks every few hours.

No, the users will follow whatever is the logical course of action.*

The previous Bitcoin is likely to activate SegWit if there's a low-consensus split, which pretty much will definitely happen. Regardless of any attacks on the minority chain, SegWit will probably come out on top for economic support.

*except for online wallet users and other bank supporters

I would like to avoid any sort of split and see segwit activated with miner consensus just like LTC and other coins, but im afraid Jihad will keep avoiding it in order to keep his ASICBOOST scam running. He doesn't care about LTC because he can't use ASICBOOST there, he was just avoiding it because he couldn't be able to explain why he suddenly decided to signal for it while blocking it on bitcoin (as disclosed by the chat leaks) but he finally accepted. Now LTC is mooning and will scale to trillions of transactions per second. BTC is mooning too but let's see how long it lasts.

Quote from: MemoryDealers on April 26, 2017, 01:44:22 PM

As of this moment, Loaded still has not contacted in any way despite my asking him to, and providing all of my personal contact details.
I think it is fair to say that Loaded has backed out, or never had any intention of going through with the deal in the first place.

Meanwhile, Greg Maxwell and others are going around spreading the lie that I've backed out of this deal.

Loaded, I'm still waiting to hear from you!

I don't think he cares anymore. You said 48 hours, you took a lot more, and this was when all of this was relevant. BU is no longer relevant. Futures show BTC-U has been dumped into oblivion. Nodes keep crashing while you claim they are production ready, f2pool already joined segwit, 75% of everyone running relevant services want segwit. BU rejected by 70%!

https://medium.com/@21/using-21-to-survey-blockchain-personalities-on-the-bitcoin-hard-fork-1953c9bcb8ed

We would like to know why you keep ignoring reality.

https://www.youtube.com/watch?v=mxGiMu4V7ns&feature=youtu.be

This guy has been making a great job implementing an easy to use GUI for lightning network. There are other videos where he shows it in bitcoin. Now in a tiny amount of time he was able to port this to Litecoin's testnet. They are as excited as users or more to get the thing going in an economical reality and not under useless testnet coins.

We are going to see devs running to LTC in order to put their hard work into practice and BTC will not be taking advantage of it while LTC increases price. BTC will never lose his gold-of-crypto prestige but it may lose the payments-coin side if we are not able to get segwit for BTC (let's admit it, LN without segwit just sucks).

Quote from: Amph on April 25, 2017, 07:00:57 AM

until they reach 75% there is no worry, i'm sure it won't be activated with all the recent bugs and incompetency they have

Quote from: Distamod on April 24, 2017, 05:15:28 PM

Quote from: kwukduck on April 23, 2017, 10:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

It seems there is a possibilty that segwit will not happen at present forms.

miners are just undecided , segwit was at 35% before and bu 38%

Quote from: quake313 on April 25, 2017, 05:24:19 AM

Quote from: kwukduck on April 23, 2017, 10:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

isn't most of bitcoin unlimited hash in one form or another connected to bitmain?

since the antminer s9 is the best one now, all the pool are running that so yes, but why bitmain should go with BU if with litecoin they supported segwit with their new asic also, doesn't make sense to me

Im starting to think that the theory of miners not actually wanting BU, and using BU as a way to keep segwit away in order to keep bitcoin as it is, is the correct theory.

What do miners gain by pushing BU anyway? Anything that increases the blocksize in any shape or form, be segwit, be BU or be an actual blocksize increase, goes against miner's fees, so why would miners want to ever increase the blocksize?

Quote from: Juggy777 on April 25, 2017, 05:32:41 AM

While reading the news I experienced a sudden chill running down my spine, it stated that USA ships are moving towards North Korea and North Korea has warned any aggression on USA part and they shall wipe out USA, indirectly hinting at nuking them. In the past we could have ignored this news, and moved on but look at the two leaders who have the ultimate power to cause destruction and neither of them will back down. If this isn't worst the mystic had predicted 13th May 2017 the day world War III would begin, though she's got few things wrong and let's hope she got this wrong to. So worst case scenario war breaks out, what will happen to Bitcoins, as they are valued in $?

Well, what are the allies of North Korea? this should be the first question to make yourself. In order for a world war to happen, North Korea would need to have allies and I can't think of a single one.

Russia and China may not be USA's best friend but I doubt they are stupid enough to ally with North Korea. Other than those 2 I can't see any realistic allies and those two aren't realistic by themselves.

I also think NK has no actual long distance nukes, it's all a fraud. Those guys are broke.

You guys can't miss this:

https://twitter.com/cnLedger/status/856826710314045441

They are spreading fake news about exchanges halting Litecoin transactions in order to cause a shakeout before segwit gets in. This shows how much they want to buy cheap LTC before it goes to the moon after segwit activates.

Quote from: FiendCoin on April 25, 2017, 12:18:57 AM

Quote from: pawel7777 on April 24, 2017, 10:59:58 PM

Quote from: FiendCoin on April 24, 2017, 10:27:13 PM

...
There are more 100 people in "core" and "core" does not have a leader that speaks for them all. So a few people from "core" can not make an agreement that all of "core" must follow.

The whole "core" violated the agreement narrative is a fallacy I wish the shills would stop spewing about.

If you spend some time investigating this, you will find plenty information about it instead of regurgitating r/btc trash.

Lol. Are you saying "Core" is not able to come to any sort of decision until every single one of that 100 (incl. spell checkers) agrees on it? Are they not able to delegate representation to the meeting? Are they capable of making any decisions at all? Didn't G Maxwell call them 'dipshits' for acting like they were representing Core team?

I don't have to investigate, I was here at that time and was watching closely, long before you created your sockpuppet account to act like a grassroots Core support.

Oooh, congratulations you got an account that's been around for a long time and it was probably sold to the highest shill employer too. If you don't know how Bitcoin development works, you probably shouldn't be posting here.

Shill on my friend.

Let me help some, core = blockstream, blockstream = banksters, banksters behind SegWit, therefore SegWit bad. Oh and throw something in there about blockstream not wanting bigger blocks because they want to centralize bitcoin through lightning network and make Bitcoin a settlement layer.

That's the shill argument that r/btc has been regurgitating endlessly, right?

Why don't you talk about CIA-backed Bitcoin XT/Classic/Unlimited? Or do the conspiracy theories only apply if they meet your agenda?

Quote from: achow101 on April 24, 2017, 03:15:24 PM

The only way to make sure that your Bitcoin has the benefits provided by an HD wallet is to send the Bitcoin from your old wallet to your new wallet. Importing the private keys will not be any more useful.

First make sure that Bitcoin Core is shut down. Then make a backup of your wallet.dat file. Move or rename the wallet.dat file so that there is no longer a file named wallet.dat in the Bitcoin Core data directory. Start Bitcoin Core and it will generate a new HD wallet and a corresponding wallet.dat file. Get as many addresses as you need and copy them somewhere. Then stop Bitcoin Core and make a backup of the new wallet.dat file. Move or rename it so that there is no longer a file named wallet.dat in the datadir. Then move or rename your original wallet file back to wallet.dat in the datadir. Start Bitcoin Core again. Send Bitcoin to the addresses that you copied down. Then stop Bitcoin Core, and replace the wallet.dat with the new wallet.dat that was created.

It's clear that im going to take an entire day or 3 in order to make all the transactions, because as we know bitcoin is not that fast anymore. Also it's going to take a bit of fees. This is why i've been delaying the migration besides the fact that im generally lazy.

It's so fake how everytime BU crashes, all the nodes go up again pretty much at the same time. Someone is obviously running a ton of BU nodes and he turns it on all at the same time.

Also no, we don't need a lot of different clients to "diversify the network", the different versions running at the same time are enough. Satoshi was against anything that wasn't the Satoshi client for a reason.

I intend to migrate to the new HD format which is available since 0.13 (or 0.13.1?) Anyway, I want to have the nice looking HD icon activated in 0.14 so it's time to do this.

Should I dump the private keys and just import them, or should I send my coins to addresses created within the HD wallet.dat file?

It's just annoying to send the coins to yourself specially since you have to pay fees, and im going to need a couple different transactions to keep privacy... any ideas?

Quote from: European Central Bank on April 23, 2017, 04:22:11 PM

Quote from: BrewMaster on April 23, 2017, 04:07:44 PM

that $1350 back at the time of ETF doesn't count the same way this $1350 doesn't count.
the first one was a whale going crazy and messing with all the shorts of everyone when they bought all the way up and dumped all the way down in one minute!

and this new $1350 also doesn't count since bitfinex is getting empty of traders as they buy BTC and get out. you have to want to take high risks to sell BTC on finex and keep fiat there.

it doesn't matter the motivation was or what the conditions were, the first $1350 counts. real money was paid for it.

the current $1350 does not count.

But there's a psychological impact in the other markets that makes them bullish too I think. When people see "wow, bitfinex $1350? let's buy right now!" they buy on other exchanges with legit money and it ends up pumping the price in the rest of the market. Make no mistake, a lot of people act like this, they don't do any research.

I think LePen's win is also a way to make bitcoin more valuable since she will destroy the European currency if she gets elected in july.

This graphic is very significant:

If the life expectancy of fiat currencies in the past still translate to the dollar, then the dollars has its days numbered. The dollar is 97 years old, which is on the average of other fiat currencies of the past. Will it surpass 105 years? Right in 2025, the dollar will be 105 years old, so if that graph is correct, we should be seeing the fall of the dollar within the next decade, then I can see BTC skyrocketing to 6 to 7 figures a coin.

Quote from: franky1 on April 24, 2017, 11:53:14 AM

out of this entire topic there seems to be only one post that is seeing the big picture

Quote from: digaran on April 24, 2017, 10:30:08 AM

Yeah we should definitely diversify so if one type of node is full of bugs and crashes all of a sudden the entire network doesn't go under.

The network is already diversified:

No need to diversify on shitty software that steals 99% of code, adds 1% and this 1% is always the code that makes the nodes be prone to all kinds of exploits.

Different versions of reliable Core software to guarantee in the rare case the latest version has a bug the entire network doesn't go down is already in place as you can see. Im sorry that people only trust Core with their money, must be a hard pill to swallow for antiCore shills.