Personally, I use Coinbase as my primary wallet, storing the bitcoins from recent transactions. Until it reaches the point where I would feel pretty bad if the bitcoins got stolen, I would move them to my Electrum wallet, on my computer. I haven't reached that point yet  So you are confident in Coinbase's service to store bitcoins there, even a small amount? coinbase is definitely a trustworthy company imo, -snip- For small amounts which I'm willing to lose, it's a yes. With them being trustable, there's drawbacks on using them. Firstly, you can't control your private key and would defeat the purpose of decentralisation that Bitcoin is trying to achieve. Secondly, they have various policy which restricts the transaction and they can close your account if you're involved in such activities. |
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Paidverts have just done a debt swap on account balances which eased the liquidity issues caused by the previous employees. I believe that majority of the payments have been paid requested after the swap and they aren't a scam site. Just take care to invest as the ROI time is very long.
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Transaction fees has been adjusted many times before, so we just have to adjust it again when bitcoin price increased. There aren't any problem for adjust transaction fees, but usually it takes time for everyone to change their default transaction fees (especially when transaction fee is increased). FYI, total input and output also decide a transaction fee in transaction  Transaction fees have never been determined by the network, only the relay fee. It can be changed since users can compile the code themselves and it is easier now with arguments to use. Miners are the only ones deciding the transaction fees to accept. They call the shots. Actually the market does. If a miner doesn't accept low transaction fees, then they will be making less Bitcoin. At this time it is kind of irrelevant, but in the future, transaction fees will become more important and something that miners won't want to miss. Technically, if mining becomes so centralized that majority of the power goes to one or even a small amount of pool, they can all agree on which is the minimum fees to include and force the network to pay the higher fees. The only thing that is close to paying small is the small amount of space reserved for free transactions. |
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Your activity and posts are actually two separate forms of work. I believe activity is based on where you post.
Incorrect, you can post in offtopic all the time and your activity would still increase. Activity potential is increased in fixed timings and it would only appear if the Post>Potential activity. |
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-snip-
Hi all, Thank you very much for the inputs. I think I get it now. :-) I naively believed all the transactions to a common address will be merged/flattened.
Another question: So, it does not matter what wallet I use? Does it help if I were to use only blockchain.info wallet?
Probably no. Both Blockchain.info and Electrum uses compressed keys which does help in terms of the size of the inputs. Some service do pay the transaction fees for their customers but they may have rules you have to follow e.g. no transactions related to gambling. |
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Transaction fees has been adjusted many times before, so we just have to adjust it again when bitcoin price increased. There aren't any problem for adjust transaction fees, but usually it takes time for everyone to change their default transaction fees (especially when transaction fee is increased). FYI, total input and output also decide a transaction fee in transaction Transaction fees have never been determined by the network, only the relay fee. It can be changed since users can compile the code themselves and it is easier now with arguments to use. Miners are the only ones deciding the transaction fees to accept. They call the shots. |
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This is my electrum fee settings. Am I overdoing it?  I ever tried to send with minimum fees, and the transaction took eons to clear.   Judging from the amount of inputs you have, the size of your transaction is huge. Since miners uses fees/kb for their calculation of priority, the fees in total would be higher if the client wants it to be confirmed ASAP. Regarding the 0.0001BTC/kb fees, it can be affected by the network load and if miners would be willing to accept it. If you base it on a service which calculates the fees, it isn't fully accurate if the transaction is not seen by it. I would just put 0.0001BTC/KB or go to https://www.blocktrail.com/BTC and add the optimal fee in. Note: If blocks/Blocks with only coinbase transactions are mined regularly, no transaction can be confirmed till the network relays a valid block with transactions other than coinbase is included. |
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Activity are only rewarded when you post at least once in that period. The period is approximately two weeks of unix timestamp. The list of activity periods are located here: https://docs.google.com/spreadsheets/d/12saLhlUoqIdairxzuSPu6EYGrt7FN2lOstO1yDjCEbA/edit?pli=1#gid=1324892580. When you register, you would be somewhere in the activity period and if you post, you would automatically be awarded 14 "Potential Activity". To have them show as activity, you need to post at least 14 times. Here is the list of activity for each rank: Brand New: 0 Activity
Newbie: 1 activity
Jr Member: 30 activity
Member: 60 activity
Full Member: 120 Activity
Sr Member: 240 Activity
Hero Member: 480 Activity
Legendary Member: 775~1030 Activity
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Why do you use fiat as a reference, it is hard for anyone to set a reliable exchange as a source. Transaction fees are decided mostly by the miner and they can choose to accept those with higher fees and ignore those with lower fees. The only fees which you must follow for a non-free transaction is the relay fee. But again, nodes can adjust them.
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You should be able to change the fees on the settings on Electrum however it's not recommended unless you know what you are really doing , because if the fees are low then it should be or zero then the transaction may stuck and never get confirmed and it may need few days to come back to you so It's better to leave Electrum make the calculation and set the fees .
Changing fee isn't very difficulty nor dangerous. It would be fine for most people to adjust their fee as long as they keep it above 0.00005BTC/KB. Zero or low transaction fee transactions will eventually confirm if you broadcast it continuously as the coin age will rise. Only when Electrum or any other third party doesn't rebroadcast, the transation can be forgotten by the mempool. And how exactly high are your transaction fees? Because if you are not collecting dust on your wallet there should not be a problem with high transaction fees.
-snip-
Even if you're not collecting dust, with lots of inputs, the size will rise. Although dusts are most commonly associated with higher fees but it isn't completely true. |
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Well, you don't.
At the newbie rank, earnings are next to nothing and really aren't worth it to be honest.
Just post day after day, week after week to get to a rank that is actually worth paying for.
So what if he becomes a full member after sometime? He needs to be able to contribute actively to the community. By participating actively in the community from the start, he can easily make some constructive posts in the future. Faucet doesn't let newbies learn much compared to Bitcointalk. |
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Bitcoin wallets is where you store your bitcoins. Without them, you cannot use bitcoins. But, selecting a secure wallet is important. In fact, most important.. Because, losing bitcoins means burning cash.
Now, according to my usage and researches and what I have found. These are the wallets which i found trusted and useful.
(1) Coinbase- they provide more privacy as they have their own privacy team separately. Best thing is that transactions are completely tax free.
(2) Blockchain- It has got the most number of usets. So no doubt on security. It's trusted most by miners too.
(3) Mycelium wallet- It's git very low transaction fees and provides the best backup system for private keys. You can use multiple wallets at once.
1) Coinbase pays the transaction fees for the customers but their Terms of Service restrict some kind of transactions and your account will be suspended if the coins are linked with it. 2) Nothing indicates that Blockchain.info is trusted by miners. In fact, many users have gone against it. 3) Any desktop/phone wallet should allow the users to use their address repeatedly and can use another one simultaneously. |
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It's just bullshit. Nearly all exchanges have AML policies which would prevent such things and the best way is to use localbitcoins but the volume is very small there. It's nearly impossible to fund terrorism massively due to the limited market cap.
Till the adoption rate increases massively, there isn't a risk for Bitcoin to be used as a funding method for terrorism.
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My guess is the US. But don't forget European countries As Germany and the Netherlands. Not many people expect these 2 countries to be that active when it comes to Bitcoin usage, but it's a reality.
They do, but do you think it's as succesfull as it is in China and the US? US has many merchants and services based there with clear regulations laid out. Hence, it would be considered quite successful. For China, they do restrict Bitcoin to some extent but it is still quite successful with the volumes and the mining operations although big merchants stopped accepting it. |
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It's mostly used for testing and dev can easily reset it. There are plenty of faucet which gives out free testnet coins for testing. It's pretty much free. |
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I am not sure if we need something like bitcoin card currently. Everything seems easy and secure.
Cards will make it unsafe.
First needed in order to have the possibility to buy things out of internet. There are to many things that needed to be bought out of internet or are to many the people which don't feel secure when use their credit cards at internet. For such kind of things needed the bitcoin card. And then why can be unsafe? If the service is build as it is needed from the card provider the bitcoin card can be very safe. My actual credit cards allow me to assign the limit which can be used in internet. If I want to use it in internet change before the limit (increase it in the amount i want or I need), use it and then make the limit again zero. Even if someone has all my data of my credit card can't do nothing with those. Then if my credit card is stolen (and even if the thief can know my pin) I can block my card within minutes by calling the call center of my bank. If the bitcoin card can offer such services I don't see any risk in this kind of cards. Bitcoin is built for the purpose of it being trustless and you won't have to trust the third party. Currently, Bitcoin debit cards require users to deposit the amount into the service before being able to use it. Be it a card that uses Bitcoin as a payment method or converts to fiat, trust needs to be placed onto the provider. With all the hacking incidents, it is hard to think that anyone can trust an online service. |
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IMO, any p2p online lending is very very risky, no matter how much you diversify it. It is very hard for any independent party to verify the authencity of the documents submitted. With BTCJam, they do not do anything even if the user default, arbitration will not work unless the ID is correct and you live nearby the borrower.
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Isn't it something like paidverts? It is in fact quite profitable if you're in need of some advertisement on your website and do not want to spend money on it since you would get your money back*. However, most of them requires daily participation and you have to be online daily to click all the advertisement available. It's quite profitable for me and I did ROI on it but it takes plenty of time.
*provided that they paysout of course.
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When you start winning, you would have the mentality of trying another one as you probably think you would win for another game and profit. The more you bet, the more likely you're going to lose. It's hardly possible for anyone to be satisfied with their winnings. It's difficult to stop without self control. The anticipation and suspense is too addicting.
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In a practical point of view, it's better to get a raspberry pi instead of this overpriced thing. The amount generated from the mining chip wouldn't even justify the use of buying such a thing. It's much better to just exchange a few dollars for Bitcoin and use it for development cost. Or just use testnet.
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