localbitcoins does KYC now, and even if you don't need to complete it (because of low volume) or trade for cash outside the escrow system, lots of traders demand ID now. it's pretty hard getting USD out of the ecosystem now without getting KYC'd, and cash is getting harder to come by too. much worse than years ago.
Since this has been going on for a longer while now, is there already a viable LB alternative out? I can't seem to find anything even remotely close. The ones that I found are pretty shady in my opinion. I can't say from experience, but I've had Paxful suggested to me a couple times. Apparently, they don't require KYC (yet) and they're the largest alternative to LBC. I've also seen Bisq (formerly Bitsquare) suggested for peer-to-peer fiat/BTC trading. There's some sort of arbitration process with multi-sig, but I'm not sure how that works if the platform is supposedly decentralized: https://www.reddit.com/r/Bitcoin/comments/81q04l/i_tried_the_bisq_decentralized_exchange/But the main point here is, it doesn't matter if you need or not KYC to register and operate in an exchange. In fact, if you don't, and you operate with big amounts, it's just only a matter of time you'll be in big trouble. These may only be useful for small transactions. Anything bigger and, who cares if you didn't need KYC? they will find out and ask what the hell is that money showing up in your bank account and you better be able to explain that. So there's no point in trying to decentralize crypto to fiat transactions, its a non sequitur for obvious reasons. |
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It will never happen again. Governments don't want to empower the average citizen with hard money, they just want to have the control of the monetary supply at all costs and control all parameters. Hard money doesn't allow them to modify the total supply and other variables, the most obvious being the amount in circulation. I think it's just delusional to expect the gold pattern to happen again. The bst we have now is bitcoin, but goldbugs think that some day we will go back to trading actual gold for goods and services instead of bitcoin. The question obviously being why the hell would you do that unless you are ok with not taking advantage of a global market and you stay within your local niche community which happens to accept gold for some reasons.
So dump your gold an fiat and buy bitcoin seems like the most sane thing to do at this point.
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Bitcoin Core is software, not a coin, as everyone knows. They deliberately obfuscate the matter to trick newbies in to buying Bitcoin Cash.
In the same childish way the coin they call Bitcoin Cash, can be called Bitcoin ABC or Bitcoin Unlimited since these full node clients are by far dominating the distribution. 1202 Bitcoin ABC nodes. 739 Bitcoin Unlimited nodes. 24 Bitcoin XT nodes. In the end, BCash isn't worth much without Bitmain's deep pockets artificially offering buy support to sustain the price and thus the value of their own +1 million BCash holdings. If they end up splitting in November, it's already clear that the chain having Bitmain on its side will be the real winner. The other chain will turn into the next BTG after a while. And you have to add now Bitcoin SV (Satoshi Vision) which will be the client developed by Craig Wright's group. I think he will also provide mining, how much hashrate are they willing to bet on it? that I don't know, but apparently Craig Wright has some "some computer miners". It doesn't look to good for BCash camp, now that they will have a split within the split and not only in terms of the reference client, but for the hashrate itself, since they will actually fork for Bitcoin SV into a new token... |
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I don't think that's the main driver as to why there aren't any new people hopping in on the crypto train: the feud has been going on since forever though I know for a fact that newcomers are not exposed to that certain drama. They are all aware of the volatility of the coin and that's what's keeping them from investing and committing wholeheartedly to either of the crypto. If anything, this drama between BCH and BTC supporters are raising sensible questions aside from all the junk and mud that has been thrown, so there's still some good out of it if you look on the brighter side.
While it is true that discrepancies and infighting have been going on for ages within the development of bitcoin, this was never a problem and something to be expected in a decentralized project without a clear leader dictating how things should be. However the BTC and BCH situation made it palpable to even the average newbie. Before this, the average Joe just had no idea there were controversies, but now they look at two tokens and go like, "what, there's two Bitcoins now?" so you have two tokens competing to be Bitcoin, with very vocal people with their big twitter megaphones confusing the newbies, because anyone that is not a newbie obviously know BCH is as much Bitcoin as Dogecoin is, or any other altcoin that claims to be Bitcoin. But for the inexperienced it's a way to lose money, specially the ones that go into bitcoin dot com. |
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I have never used the Bitcore client but apparently it's based on Bitcoin Core and uses bitcoind.. if it is a fork then the folders should be the same.
You can try to find a folder called "chainstate". Close the client, delete that folder and open the bitcore client again and wait for a while. If it's still stuck then you could try some cvars but first try that. Also make sure 8333 port is opened on your firewall and router.
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nd FIAT OUT on decentralized exchanges?
No way to do that on decentralized exchanges, is there?
And it's the most important thing.
Obviously, there's no way to integrate fiat within the equation. It will never work for rather obvious reasons. Fiat is a closed source system, it's not really tokenized, it's just centralized banks changing some numbers somewhere. There is no way to keep coherency with that going in and out of it. The only way would be local exchanges with cash, but cash will disappear, and it's irrelevant, we are talking about keeping things digital, so there's no way out. The big point of crypto is that the crypto economy happens within crypto (people getting paid in BTC and buying services in BTC so the circle is closed) McAfee is not wrong, but BTC must have economic activity, if it all still depends on fiat then it will not be as relevant. In the future we will see if second layers can allow for a proper bitcoin economy to happen or it will remain a store of value mostly. |
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We won't know where the price will be at any given time until we check it!
or maybe we're Schrodinger's investors.
I'm not saying I don't believe in the fundamentals, I believe there is a huge future for bitcoin, but we don't truly know what the future may hold. Past performance not indicating future outcomes and what not.
i like that. schrodinger's cat is a good reminder that as long as we continue to speculate about future mainstream adoption or institutional adoption, etc. that these things are mere possibilities. the event (eg mainstream adoption) hasn't occurred until it's actually occurred and the spectrum of possibilities collapses into one reality. until that day, we're still "in the box" so to speak, awaiting the result. i'm a big believer in bitcoin, but i also believe that a number of things could still occur that results in the complete abandonment of it.  Actually I think this is somewhere along the lines of the reflexivity theory by George Soros influence by Karl Popper in which market participants are constantly wrong about the price and they are either very divergent from objective true price or close to it: My conceptual framework enabled me both to anticipate the crisis and to deal with it when it finally struck. It has also enabled me to explain and predict events better than most others. This has changed my own evaluation and that of many others. My philosophy is no longer a personal matter; it deserves to be taken seriously as a possible contribution to our understanding of reality. ~ George Soros (via FT) I like this quote too: Financial markets, far from accurately reflecting all the available knowledge, always provide a distorted view of reality. This is the principle of fallibility. The degree of distortion may vary from time to time. Sometimes it’s quite insignificant, at other times it is quite pronounced.
Every bubble has two components: an underlying trend that prevails in reality and a misconception relating to that trend. When a positive feedback develops between the trend and the misconception, a boom-bust process is set in motion. The process is liable to be tested by negative feedback along the way, and if it is strong enough to survive these tests, both the trend and the misconception will be reinforced. I recommend the book "The Alchemy of Finance". It is not guarantee you will become rich after reading it... but its nonetheless interesting. |
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In 10 years time I think cryptocurrencies will be adopted in every segment of economy and Bitcoin will cost at least 1 Million dollars. The whole world will be digitalized and robots will do a lot of things that we are doing right now.
you are right, bitcoin requires 3 confirmations to ship and takes 15 minutes for 1 confirmation but I think there are still many rivals in terms of transaction speed in the next 10 years. I don't have much hopes at seeing big improvements in speed and transaction capacity on-chain. Just think about the massive drama that segwit brought. It was years of discussions until it actually happened, not without side effects (bitcoin cash was born and we now have this ridiculous war about who is the real bitcoin and whatnot). Further attempts will only bring more of that. There will no consensus. Second layer scaling will get better in the future, I have no doubts about that. As far as altcoins go, I seriously doubt an altcoin without the store of value property will challenge bitcoin just because it's fast and cheap. People will rather use second layers on bitcoin once wallets are widespread and easy to use just to not go through the annoyance of dealing with a second token. I still hope nonetheless research and experimentation continues even if it happens outside of bitcoin. |
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I honestly find this article to be a complete bogus. Crypto is not for jihadis or terrorists. And even if it was, the main countres that we consider to be a hub for terrorists, over there crypto are banned. And there are parts in some countries where there are not even access to clean water, let alone have access to the equpment to get engaged in the crypto market
They are in fact saying that the attempts to procure funds with crypto have been made but the results were pathetic, which is great for crypto. I've seen many opinions about it being the preferred money for terrorist organization and that it potentially could become even more popular among them in future. Worrying about them using cryptocurrencies is a waste of time. ISIS is defeated and people in islamic countries are more worried about lack of work and money than extremists blowing up their houses. Well bitcoin is really tiny right now. Once it becomes a force worth several trillions I actually worry that some sick fuck may be able to amass a fortune big enough to cause a disaster. What if someone manages to buy some nukes and aims them to some city? we never know what the future awaits. I hope anyone that manages to amass a bitcoin fortune got there because they are bright enough to know better, not because they are fucked up in the head and easily triggered into causing a disaster. |
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That FUD about them backing off did some damage though. It's a great example of how people react to bearish news in a bear market and at the same time how little or no effect have bullish news. You can put some unimportant bearish FUD and people start ripping their hair out, but when this gets busted nothing happens. People who sold are afraid to go back in because what if there's some new FUD and another panic. The strangest part is that people never learn and it will happen again in the next cycle.
It's not clear to me that the dump happened because of these "Goldman Sachs rejecting bitcoin" news. These were released about the same time that the news of 800,000 BTC moving, which of course started more FUD rumors about being satoshi and whatnot. From what i've seen it's pretty much MtGox wallets related goodness all over again, the same cyclical bullshit to scare newbies which creates a nice straight red candle to pick up some more cheap coins. Goldman Sach's and co will not fully endorse bitcoin until the price is lower and most people are demoralized (after selling their cheap coins to them). The elite will never fully endorse BTC until you all have sold yours to them at low prices. |
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WOW!!
So it has started, This is both Good and Bad for Crypto world.
Good - New money, Boosting investor confidence and Adoption of Cryptocurrency will be coming to the market.
Bad - You can expect Market Regulation and slowly control over Cryptoworld .
I may be wrong about it..but this is what I feel.
This is nothing new. Actually Xapo has been offering a god damn underground bunker somewhere in an undisclosed location, claiming that it's safe and will keep the funds in cold storage with several layers of protection. Im not sure if this is only aimed at individuals or institutions could apply too. I don't see why not. At the end of the day it's all the same, you just have to keep wallets safe, it's always the same procedure no matter who is on the other end, or at least that's how it should be. If I had a business on that field I wouldn't make distinctions between an average random guy and an institutions, you must pull maximum effort into keeping everyone's money safe. I had big hopes with Xapo's service but im a bit disappointed with Wences being part of the segwit2x nonsense back then, I hope these guys don't support further forks in the future. |
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Where does this number come from? most people use this number because they saw it on rpietilas thread which is most likely from some other source. Most likely studies like this: https://bitslog.wordpress.com/2013/04/24/satoshi-s-fortune-a-more-accurate-figure/But people like gmaxwell have pointed out at the fact that that number isn't accurate at all, and that satoshi may have way less coins than the myth says... see these quotes from reddit by gmaxwell (he is nullc there) No one has any idea how much Bitcoin Satoshi has (beyond perhaps a few from the block used to pay Hal).
People claiming "1 million" are claiming that every unspent coin mined in the first year is satoshi's-- which is clearly untrue. Yet the "1 million" number is not based on that.. And the only blocks known to be mined by Satoshi are not at all consistent with the 'pattern'-- so it is actually contra-evidence to the claims, to the extent it means anything at all: AFAIK there is literally nothing connecting those blocks to Satoshi except pure conjecture. some other dude: "We know that block 9 was mined by Satoshi (because of the block 9 that used coins for a transaction to Hal) and they all follow the same pattern except for block number 12."
They absolutely do not, the pattern discussed on that page doesn't begin until several weeks into Bitcoin's existence.
"some other dude: a more probable theory than the theory that Satoshi mined only blocks 1-11,13-14."
Why do you think Satoshi mined block 1? The fact that it was mined many hours after Bitcoin's original announcement is evidence that it wasn't mined by Satoshi. some other dude: They are steeper than other coins that were spent.
Steepness is not a property that a single block has-- your argument is a bit circular as a result.
some other dude: So it was one miner.
No, they simply could have been multiple miners of similar hashrate that started at roughly the same time. It's unsurprising that they started at the same time because the software that was released would only start mining after connecting to another node. |
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Indeed, sometimes you just have to avoid looking at the price for a while. By not knowing the price, you will avoid making stupid moves.
Just imagine that MtGox investors that bought in the 2013 peak at around $1200, decided to close the bitcoinwisdom.com tab and forget about it, and check 3 years later... exactly, they would be now cruising in easy mode as their entry point has become a dream entry point for these that did finally panic sell through the bear market or did not buy yet as I remember a lot of people were expecting lower prices which never came.
So in terms of pain, be ready to accept it and get through it, or just go the blindfolded, forget about bitcoin and check back a year or two later. If you aren't strongminded the market noise from the bear period will destroy your portfolio as you will be brainwashed into bitcoin being dead a million times.
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History shows us that the most influential thing to the price of bitcoin is the adrupt halving schedule when the block reward is cut in half, it has a huge effect on the supply/demand of bitcoin. If you look back in 2016 the thing that kept the late rally of 2015 going was the halving that happened in July 2016, see below how the halving led to 2 subsequent rallies.  https://www.coindesk.com/bitcoin-halving-2016-will-price-rise-fall/It's extremely important to realize the scarcity built into bitcoin and how it reflects digital gold, once you understand this you can hold with confidence even at huge losses because you know that alot later, years later, the price will be much higher. Keep an eye on when the next halving will be (2020): https://www.bitcoinblockhalf.com/But also keep in mind that good news could come out too that could really make the price go parabolic. Ah, another newbie asking a question that nobody can't answer. I understand your frustrations your disappointed, and who wouldn't be? we put lots of money in the market and then suddenly it went on bearish trend. Question though, did you invest want you can afford to lose? If your answer is Yes, then no need to wait for a bull run because you are not losing your money if you are not selling.
But if you invest and hoping to get rich quick, then sorry to burst the bubble, your are in the wrong market. No one can tell you when will Bull runs starts because if you just look at the current sentiments, we are struggling. So it might be next month or next year. I suggest you just stay with the market and wait till the bull run happens.
OP just asked in general when do people think the next bull run in bitcoin will start, not your opinion on whether or not you think he is a newb and if he invested more than he is willing to lose, how about next time you actually give an educated response to his post instead of just rambling about stuff he/she already knows and make them feel worse about their loss. The thing with the halving is, it is always a very hyped event and naturally one that will raise the price as it is a guaranteed decrease in inflation of the supply, and since it is something that we can guesstimate, people may try to take a move before the next guy because of how market psychology works. This can lead into a chain reaction which would make this pump start and potentially peak up to a month or more ahead of the actual event, which could lead to a crash by and by the time actual event happens (so a typical sell the news situation), that could mark the end of the crash and the start of the next bull run. Just have that on mind because you may need to plan ahead if you want to risk trading. Personally I may not even bother and just keep holding. Just thinking about going to fiat will lead to having to get ready endless paperwork for taxes and so on which I have no idea how to manage so I would need to pay an accountant... I don't have time for that. |
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With Bitcoin, Citibank would issue DARs which its clients will be able to purchase equipped with insurance, protection, transaction monitoring, and other systems that are required by the financial regulators of the US. By investing in DARs, institutions will be able to hold instruments that represent the value of Bitcoin.
Look at this looking good. If it's happen then sure it will be benefit to crypto currency market. Good move and hope for best.
benefit, how? bitcoin is peer-to-peer. there shouldn't be any need for custodians to hold it on behalf of clients, and for banks to issue notes against it. that's what this is. don't get me wrong. this stuff is inevitable. but it's not good. a deposit receipt is a piece of paper. it's not BTC. the benefits of bitcoin are lost when you reintroduce trust to peoples' finances like this. This seems to be aimed at institutions. Most people in institutions are rather old and not so technologically able to keep coins safe. There will always be a market for custodians to held the coins for them. If they screw up (in this case Citiybank) then holders will have someone to blame and get their money back, probably with a fee on Citybank because big players can force favorable rules. So the custodian gets paid a decent amount an they have an incentive to do well because otherwise they are fucked. I don't see anything wrong with this. Let people choose to hold their own coins or pay someone else to do the task for them. As you said the point of bitcoin is to hold it yourself but as you also said we can not avoid this and we shouldn't even bother. |
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As far as I know, there was only one leak, and it didn't contain any emails, but there was a database leak, not sure if the entire database or just a partial list with some balance lists from creditors as well as emails and full names. There is where we know some of Roger Ver's holdings. Other names included some Core devs Luke Dash Jr and notorious scammer Craig Wright which is how we know he is lying about his coins.
The leak of said database can still be found on the internet, however I've read that there may be malware involved, so im not posting or clicking on any links that have to do with that. Proceed at your own peril.
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I agree with the others that have replied in this thread, but wanted to add one extra piece of potentially interesting information: There are tools to export private keys from a wallet.dat without having to sync the complete blockchain or even install bitcoin core: https://bitcointalk.org/index.php?topic=34028.0There seems to be a recent version even supporting bech32: https://bitcointalk.org/index.php?topic=34028.msg818406#msg818406And there are tools to brute-force a wallet.dat's passphrase... But since it's brute-forcing, you'll either need a very short password, or you need to remember a lot about the password: https://github.com/gurnec/btcrecoverI'd strongly recommand running these tools on an offline machine... AFAIK, they have been vetted and nobody found a call home, but in these cases, the popular phrase "better safe than sorry" pops to mind. Does pywallet work only for bitcoin or for any altcoin that has a wallet.dat format for wallets? It mentions namecoin in there... that should be really useful, sometimes I find random wallets, and I have to go through an odyssey of problems attempting to extract private keys, because oftentimes the blockchain from these projects is very hard to sync, a lot become half abandoned but still there's some value in your wallet which you could dump into some exchange for BTC. And btw if you ever need to figure out what a wallet.dat contains (as in if yo udont know which altcoin it is from) you can use my little trick here: https://bitcointalk.org/index.php?topic=3386236.msg35477272#msg35477272Just open wallet.dat which a text editor and follow the guide. |
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Why do you think that an eradication of poverty leads to a reduction in the crime rate?
I´d argue that this may be true for some types of felonies, but things like white collar
crime shouldn´t be influenced by this at all. Besides, a big welfare state
opens up completely new opportunities for crime (e.g. people that claim welfare
payments while earning additional funds by dealing drugs or similar stuff).
Correct. Criminals (regardless of their nature) are one of the most flexible and creative entities in an economy. In most cases they are always a few steps ahead of everyone else, and I don't see this change at all. People somehow think when this or that happens, everyone will have a better life and there is less criminality, but the nature of the beast is that it adapts to every new situation and keeps doing what it inherently taught itself to do. It's time for people to stand up for themselves and don't rely on anyone else in order to make the world a better place. If everyone just keeps waiting for governments to take action, we'll be in the exact same situation in 2030 without any booked progress. I'm glad I stepped up right on time, but the sad thing is that everyone around me is still doing the same things they did years ago, have not changed of opinion, and will likely never change of opinion. It's their loss in the end. Typically the masses only react when it's too late, so I wouldn't be hoping for some kind of revolution to happen, that's delusional. What is interesting is to see what will happen once SHTF and everyone except some elite living in Elysium are living a decent life, since machines will have made all possible attempts of making money impossible. That is coming, again I don't care if it takes 100 or 1000 or 10000 years, those that are otherwise are deluded by thinking "oh but new forms of jobs will appear". ...
How Bitcoin will play out in this scenario? who knows, but the sane thing is to be holding a decent amount just in case.
Bitcoin will obviously go to the moon. Just imagine what will happen when increasingly AIs make investment decisions. Faced with the decision between inflationary fiat currencies and a hard currency like BTC, they will obviously allocate funds to Bitcoin. I'm in favor of socialism because it makes society a much safer place. If you eradicate poverty the crime rate would plummet.
,,,
Why do you think that an eradication of poverty leads to a reduction in the crime rate? I´d argue that this may be true for some types of felonies, but things like white collar crime shouldn´t be influenced by this at all. Besides, a big welfare state opens up completely new opportunities for crime (e.g. people that claim welfare payments while earning additional funds by dealing drugs or similar stuff). I also think that bitcoin may play a role in the concept of entities that aren't human holding wealth and transacting, but there are more reason to hold it. Perhaps as a way to hold value into a transition to something else in the future. The blockchain would still hold what you own, a government in deep trouble may not. The fact that his is the case makes it valuable. |
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If anything, it's the exact opposite. Corporations love to keep their users hostage of their services forever for datamining purposes, so they can sell all of your information even after you deleted the account the typical way, they kept the data.
It was not until people got together into creating a group to force corporations into getting their shit together and starting completely deleting the requested data. This is was has put people like Zuckerberg in problem. So the right to be forgotten is a creation of pissed off users, not corporations.
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And the forum should have this "feature".
They did, in the initial years. It was removed later on for reasons. Default SMF has a delete account feature. And I am sure bitcoinTalk has also. The reason of my suggestion was OP to lock his/her account is because I highly doubt any admin will care to hit the delete button form him. About "Right to be forgotten" - I do not think being a forum inspired by bitcoin really need this corporation created rules. We are ok with our own choice as a community. Bitcoin should not follow corporation. No one knows vlom's identity, no one know pugman's identity so why care  I don't see how the right to be forgotten is a bad thing no matter where the idea came from. Wouldn't you like to disappear from social media if you started using it as a young kid posting embarrassing stuff and then later on you grow up and realize social media is stupid and you are better off being under the radar? I support that the people running these services must give their clients a way to resign and disappear completely from your servers. Forums should be no different. There should be a button that you press and your account and all posts get wiped. However this may be used by scammers to leave when they get caught, but nowadays with the internet archive taking snapshots and people quickly using archive.is to collect anything dodgy, it wouldn't really be that useful for scammers, but a normal person that just wants to leave could probably benefit from it. |
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