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2481
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Economy / Speculation / Re: Bitcoin Unlimited adoption at new record high.
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on: April 23, 2017, 10:39:47 PM
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Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.
Same block variance as always. Sometimes segwit is up, sometimes BUcoin is down and sometimes BUcoin is up and segwit is down... again, it's called block variance, no need to make a thread about it every time. Meanwhile in LTC segwit is 98% hashrate support and price about to explode, but the idiots not signaling segwit are blocking further price growth and technological evolution in BTC. |
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2482
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Bitcoin / Bitcoin Technical Support / Re: Core 14.0: unspent output stuck in blockchain (weird)
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on: April 23, 2017, 05:23:57 PM
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What should I do? im scared to screw something up.
How do we get our money back?
Try running a rescan. Start Bitcoin Core with the -rescan option. This will rescan the entire blockchain for all transactions related to your wallet. Can both of you also please post your debug.log file? And how do I properly migrate to HD format? I create a new wallet, then generate addresses and send the BTC there with the previous wallet?
How much time can it take to rescan the entire blockchain nowadays? I haven't done that in ages. My HDD is a 7200 rpm one, I need to buy an SSD because when something like this happens, it's such a waste of time waiting for the thing to end. I will try later. What part of debut.log you want? it's a 6.5mb file so I guess you only need the recent entries. I've run listunspent and there's a ton of transactions there, it will take me ages to find the address im looking for. They should add a ctrl+f search feature on the console. Anyway validateaddress shows I own the address with the exact amount of funds that should have returned as change, just like OP, so I just need to get those funds showing up on my balance. |
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2483
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Bitcoin / Bitcoin Discussion / Re: Antpool officially mines a segwit block for LTC
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on: April 23, 2017, 03:38:45 PM
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LTC will become de-facto technologically superior than BTC as it will get segwit pretty much guaranteed now. All the developers of lightning networks will move to LTC to not waste his time in stuff that gets stuck in the testnet instead of having a real impact on the market. LTC will go to an ATH.
The hashrate for segwit right now is past 97%, which is ironic since it's higher than the 95% required for BTC.
Litecoin has always been technologically superior to Bitcoin in that it has a higher transaction capacity and better mining algorithm. It was just a natural development. However, while I'm all in favour of diversifying and putting a bit into Litecoin as well, I don't think Litecoin is going to be so great that everyone flees to there away from Bitcoin. Litecoin is still propped up by its higher block reward as well. Even if Bitcoin never gets SegWit it'll have value as an immutable asset. It's just easier to transition into SegWit on Litecoin because there's still less money (and let's be honest, corruption and monopolisation) in Litecoin than Bitcoin, but this will change. When the fees on bitcoin are so high that you cannot properly make payments that aren't bigger than this high fee, you better believe that Litecoin with SegWit and Lightning Network will continue going up since the use of it as an actual tool to make payments is viable. BTC will end up as a hodlers coin like gold with barely any transactions (who wants to pay for example, a subscription to a website while paying $1 fee or higher, when you have LTC?) But BTC always will get updated faster since LTC just copies Core's code, but will benefit from activating segwit from said updates in a better way. |
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2484
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Bitcoin / Bitcoin Technical Support / Re: Core 14.0: unspent output stuck in blockchain (weird)
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on: April 23, 2017, 12:38:01 PM
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The same thing occurred to me the other day. The expected change didn't come back, so it shows as Unspent Outputs in blockchain.info. The address is mine as shown by validateaddress command. I've considered running -zapwallettx but im worried that this may wipe out my money somehow.
How do we get our money back?
PS: I also was too lazy to make the switch to the HD format.
PS2: I have not made any new transactions, and im worried the change of the next transaction will also not show up.
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2485
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Bitcoin / Bitcoin Discussion / Re: Bitcoin scaling: Looks like all roads lead to LTC
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on: April 22, 2017, 02:45:54 PM
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This theory is gaining traction, so I think it's a pretty good idea to load up on a bunch of LTC right now. They have signed an agreement this time. The concerns of they pulling out signaling again are reasonable, but this time there has been a roundable, everyone is signaling already (except Antpool... which I believe will start signaling anytime soon and the price will go parabolic). It's worth the risk buying just in case you miss on massive gains.
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2486
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Bitcoin / Bitcoin Discussion / Re: Bitmain and the ASICBoost allegations
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on: April 21, 2017, 02:29:29 PM
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This video definitely needs to be watched by anyone interested/concerned with this subject: https://www.youtube.com/watch?v=t6jJDD2Aj8k
If the current profit margins are 1% and you covertly save 20% energy by using this patented exploit, you are looking at 19-20 times more profit than the competition. The lower the current profit margin, the higher your advantage is (percentage wise). What can we possibly do tho? It looks like Jihan Wu has checkmated the whole PoW game. If anyone noticed this earlier, it would have been easier to change. Now as far as I know, it would take segwit to invalidate this advantage, which means, we'll never get the 95% needed since it goes against Jihan's interest. This puts us in a compromised situation where UASF seem to be the only way out, which means network split unless we can get everyone on board... Everyone seems to be ignoring this. I'll ask it again: How do you pretend to stop ASICBOOST without UASF? There will never bee an agreement to enable segwit with 95% miner approval. Which leads us to UASF. And UASF, leads us to a big problem, because we can see a potential network split, crashing the price. Is this crisis worth it to shake Jihan off? Anything is better than BUcoin in my book, so maybe it's a penitence we need to pass. But we need to be sure to have everyone supporting Core's chain. |
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2487
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Bitcoin / Bitcoin Discussion / Re: Bitmain and the ASICBoost allegations
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on: April 20, 2017, 11:25:52 PM
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This video definitely needs to be watched by anyone interested/concerned with this subject: https://www.youtube.com/watch?v=t6jJDD2Aj8k
If the current profit margins are 1% and you covertly save 20% energy by using this patented exploit, you are looking at 19-20 times more profit than the competition. The lower the current profit margin, the higher your advantage is (percentage wise). What can we possibly do tho? It looks like Jihan Wu has checkmated the whole PoW game. If anyone noticed this earlier, it would have been easier to change. Now as far as I know, it would take segwit to invalidate this advantage, which means, we'll never get the 95% needed since it goes against Jihan's interest. This puts us in a compromised situation where UASF seem to be the only way out, which means network split unless we can get everyone on board... |
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2488
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Bitcoin / Bitcoin Discussion / Re: big blocks over 50% now. BU + classic
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on: April 20, 2017, 05:15:41 PM
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I don't think a new thread for every time block variance favours BUcoin or segwit is needed to be honest. In any case, it doesn't matter, nobody supports BUcoin beyond a couple /r/btc loons. Actual support for the software will remain in Core, segwit remains supported by all major players, Jihan is alone on this, he is wasting his time, but the again, he doesn't really want BU or anything, he wants to keep bitcoin as it is for life so he can keep milking high fees. |
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2489
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Bitcoin / Bitcoin Discussion / Re: Why I Am Still Not Voting for Segwit?
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on: April 20, 2017, 02:46:55 PM
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i can see why many are disagreeing with SegWit on bitcoin (less than 70% of bitcoin hashrate) and what he says but in my opinion what he did in Litecoin is completely unacceptable because more than 80% of the existing litecoin hashrate of that time accepted SegWit activation on litecoin and then out of nowhere new hashrate was redirected to litecoin to crush the activation and change the balance.
- currently at 71%
The solution for this, will be to implement SegWit on more Alt coins to split the instigators hashing power even more. Some big pools will do anything in their power to stop SegWit, because they know what will happen. If SegWit is activated on a Alt coin and it proves to be successful, many people will start to support it and these pools know that. BTC Core should push for activation on multiple Alt coins that are compatible with it and not just stop with LiteCoin and Bitcoin. nobody cares about SegWit on a random altcoin that nobody uses apart from trading them. litecoin is different, because 1. it is exact copy of bitcoin with little change 2. it is old and it is being used. and FYI SegWit is on some other altcoins, a couple of them have even activated SegWit. if you are interested, these coins are: - Groestlcoin - Viacoin https://bitcointalk.org/index.php?topic=1840789.0- SysCoin https://bitcointalk.org/index.php?topic=1466445.0- a couple more that are signalling or considering that i forgot! is it? where? i don't remember litecoin being used as a currency like bitcoin, it's the same shitty coin as before, equal to the other alt that are activating segwit, for instance vertcoin is also on track with segwith, and vertcoin is another big coin people are just blindly attached to litecoin that's why they think it deserve more attention even now wiht segwit, which is only to increase the hype and do a random pump What is required to implement segwit on altcoin?
signaling for a whole period of the diff retarget if i'm not mistaken, just reaching the threshold % activation won't cut it You are missing the big picture. Litecoin is different to the rest of coins. 1) It's the longest surviving blockchain (except bitcoin). This makes investors have way more confidence when taking big risks. A coin that could be unlisted from an exchange (like the rest of coins you mentioned) aren't attractive for the long term. But we all know that LTC will be here for life on the big exchanges. 2) It's basically a bitcoin clone, which is perfect to port code from BTC to LTC. It becomes the ideal way to test segwit in a real scenario. Lightning Network developers will move there, increasing the marketcap several times. We'll see an all time high on LTC, im not sure when, but we will eventually, that im sure of. |
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2490
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Bitcoin / Bitcoin Discussion / Re: John Nash created bitcoin
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on: April 20, 2017, 02:11:12 PM
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If John Nash was so smart, why wouldn't he have predicted the current problems that bitcoin is facing? (assuming that John Nash was indeed satoshi, which is I theory I doubt to be true).
So, according to John Nash, his vision of Ideal Money was a money that can only be used by extremely wealthy people in the long run? Doesn't make sense to me.
I believe satoshi didn't realize the current problem would arise, and if he thought a network of centralized nodes on datacenters can be called p2p digital cash, then he was wrong.
I agree with you, but the last part he literally said himself (see his mail from 2008 in https://bitcointalk.org/index.php?topic=1876752.0 ) Big blocks proponents never seem to to consider the centralization that big blocks would inevitably lead the network to. I would respect big blockers if they were clear on their motives and finally admitted that they simply don't care if the network becomes centralized, as long as they get to have their on-chain coffees. The problem is, their narrative is twisted and intentionally misleading, they never admit the tradeoffs or claim the centralization factor of big blocks is exaggerated. |
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2492
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Bitcoin / Bitcoin Discussion / Re: Jihad Wu and the Chinese Year of the Cock...block
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on: April 19, 2017, 10:31:56 PM
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What im considering is the possibility of Jihan Wu ending up in jail. How is it even legal that he can not only manipulate the price, but do it by allegedly lying to customers and using purchased hardware by other people by himself and delay those ASICs to their respective owners? the whole thing is becoming insane. |
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2493
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Bitcoin / Bitcoin Discussion / Re: John Nash created bitcoin
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on: April 19, 2017, 03:11:43 PM
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If John Nash was so smart, why wouldn't he have predicted the current problems that bitcoin is facing? (assuming that John Nash was indeed satoshi, which is I theory I doubt to be true).
So, according to John Nash, his vision of Ideal Money was a money that can only be used by extremely wealthy people in the long run? Doesn't make sense to me.
I believe satoshi didn't realize the current problem would arise, and if he thought a network of centralized nodes on datacenters can be called p2p digital cash, then he was wrong.
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2494
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Economy / Speculation / Re: My take on BU's long-term impact on the price of BTC
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on: April 19, 2017, 02:40:06 PM
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I think this was all a coordinated plan to get the price back to sub $1000 so whales can buy. Same thing with LTC, they crashed the price so they can buy sub $10.
I do not think so. The truth is slowly showing that there is a conspiracy with the miners and the Bitcoin Unlimited developers. Its like the Chinese miners have hired their own set of developers to take control and do with Bitcoin any roadmap they want. Well this is going to fail. Either we change the POW or UASF will be used to continue core's roadmap if they continue blocking SegWit. If miners think they are the ones in charge they will have to learn it the hard way. Millions of $ in invested mining rigs and asic developemnt might be worthless soon. I was a proponent of UASF BIP 148, but upon further analysis, I think it's a suicide mission. Think about the impact of an UASF without miner consensus. The split is guaranteed. Jihan controls several pools, the hashrate is a big weapon in the PoW world, like it or not. As a result, this leads us to an inevitable PoW change, killing every miner's business. It's a chaotic situation. How are we supposed to solve this smoothly? I don't think there's a way. Maybe having a price crash to get rid of Jihan and enable segwit is a good thing, but we risk a lot in the process. |
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2495
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Economy / Speculation / Re: BTC doing good after this big dump
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on: April 19, 2017, 12:10:39 AM
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As of right now the coin that's going obsolete is bitcoin because it's simply too hard to change, and this is a positive trait in itself but not if you are aiming for real everyday usage, which is where LTC with segwit and LN kicks in.
Litecoin with or without whatever implementations - it will not change anything in how people use it. It's nothing more than a coin that gets boosted from time to time by whatever entity with certain intentions, that obviously going to play out in their advantage. Bitcoin needs to scale, that's something we all can see (aside from noobs just ignoring everything and play happy user). But the main problem is that pools are playing hard to get, and thus knowingly hold Bitcoin back from growing further. In that regard, it may take a serious amount of time before we are going to see any sort of upgrade in blocksize. Direct result of that is that people will *temporarily* look for cheaper and faster (in terms of confirmations) alternatives. Cryptos are useful in making certain payments like paying for a VPN. If nothing changes, we'll see $1 fees in BTC. Who is going to pay things like those type of subscriptions with BTC when you got LTC? get real. BTC will stay a hodlers coin as long as the necessary changes don't happen.
Litecoin is just one of the plenty of coins that people can choose from. If you ask the majority of the crypto nerds/enthusiasts what they will prefer when it comes to using certain altcoins as payment option, then it's either XMR, DASH or ETH. What is the closest thing we have to a scalable BTC? LTC. Becuase they are the same, so you can easily port code, so BTC development isn't wasted in testnet and can be ported in a real ecosystem.
It doesn't really matter in this case since there are other coins that can function perfectly fine in terms of being a payment option, that also happens to be a cheap (compared to Bitcoin) option to use. As I said, Litecoin is just one of the plenty of coins that people can choose from. If it is up to the majority of the people, they will give the preference to one of the three afore mentioned coins, so no matter what changes Litecoin goes through, it's up to the end user to decide whether or not he will use it. All of the rest of the coins will end up suffering from the same problems as BTC, so they will need second layer solutions. Lightning Network is the best second layer solution, and LTC is the closest coin to get it with developers easily moving there. XMR and DASH don't have LN and ETH's Raiden is not as good as LN. |
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2496
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Bitcoin / Bitcoin Discussion / Re: Jihan blocks segwit on LTC: price crashes
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on: April 18, 2017, 10:44:03 PM
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Jihan is using the ASIC miners that he was supposed to send to customers in order to spend all this power to block segwit, and this is very despicable behavior, he is going to insane lengths in order to stop segwit from happening which shows he is scared of segwit working on LTC totally fine and crushing the FUD.
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2497
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Economy / Speculation / Re: When will we see $1300 again?
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on: April 18, 2017, 06:08:47 PM
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Sooner or later and we will see $1300, keep holding, only way is up in bitcoinland, we will all be rich, there's no other way but to get rich as bitcoin holders. Patience is the key, keep stacking bitcoins, do whatever it takes, all it matters is obtaining more bitcoins.
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2498
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Bitcoin / Bitcoin Discussion / Re: A Noobs thoughts on BTC
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on: April 18, 2017, 02:52:37 PM
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Bitcoin will never have a stable price, because bitcoin is not regulated, and you need regulation to keep a stable price, this is basic to understand.
The good news is, you can get rich by holding it, just like you hold gold. Bitcoin is gold 2.0, very undervalued, will go x100 in the next 10 years.
In order for mainstream usage to happen, we need segwit, lightning networks so we get instant payments, and shops will probably insta convert to stable fiat.
Fiat will never disappear as long as there are states and countries, but we dont need it to disappear to get insanely rich from holding BTC long term anyway.
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2499
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Bitcoin / Bitcoin Discussion / Re: hack the bitcoin network for 1000 btc?
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on: April 18, 2017, 02:03:36 PM
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What an idiot. The bitcoin network is the ultimate hacker creed, all hackers in the world are trying to hack it and nobody can do anything about it.The hacking of the bitcoin network si a potential 20 billion reward so why would they care about some 1000 BTC payment.
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2500
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you see alts have chances against Bitcoins?
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on: April 17, 2017, 11:46:51 PM
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At this point, I'd definitely say diversify your cryptocurrency holdings and keep your fingers crossed. Bitcoin may stay on top, but that's not guaranteed and the current network congestion plus all this infighting over Bitcoin Core, SegWit and the latest thing that Roger Ver said is definitely not helping.
I really just don't think this is true in the least, I think that the reason for the issues here along with scaling issues is that theres a lot of money to be potentially lost by miners due to changing the scaling solution as it would block out some miners advantage in their ASIC's (looking at you here Jihan, you sly fuck) This wouldn't be happening in an altcoin because altcoins don't have the same amount of people using them with day to day transcations like bitcoin does, so it's pretty unreal to think that an altcoin could ever take over Bitcoins place in the Crypto world. TRUST BITCOIN, NO ALTCOIN CAN DO WHAT IT EVER DID There is a lot of money to be made in the altcoin world, and some altcoins are really, really interesting projects, but overall bitcoin remains the king of crypto. If you had to choose in what coin you would be paid, you would choose BTC and most would. It's yet to be seen if any coin can take this number one spot. Slowly it's becoming like gold of crypto, the network effect is too strong. |
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