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781  Other / Meta / Re: Delete fake Trust? on: May 11, 2017, 12:11:34 PM
trust system is not moderated so nobody can help you out apart from the person who left the feedback on his account.
a feedback from a newbie, throwaway account doesn't matter to anyone.

also there is a button at the bottom left side of this page called move topic, click it and move it to meta or reputation board.
782  Economy / Economics / Re: On what year crypto in general will be massively adopted? on: May 09, 2017, 04:07:37 PM
Japan started making btc legal now, India is following, maybe China is Next? then within 5 years from now maybe the crypto world can be well known?

Chinese are mostly interested in trading only.
and these things don't exactly have a time, it is adoption, so it takes time first, and by that period of time everything is slow, then suddenly things will speed up. it can take years to reach that stage but when it is reached you see in a couple of months that bitcoin and then cryptocurrencies are massively used.
783  Economy / Speculation / Re: is this bitcoin bubble ever going to burst on: May 09, 2017, 03:49:17 PM
a bubble first has to shape up and then pop. you have not yet seen a bubble my friend.
today it seems like a lot of new money came into the market and cause some rising. probably it is partly because of all the dumps in the altcoin market and the fact that traders are leaving that market to come back to bitcoin.
784  Bitcoin / Bitcoin Technical Support / Re: CHECK THIS OUT SOMEONE JUST DOUBLESPENT ON ME on: May 09, 2017, 03:34:18 PM
that is why everyone keeps repeating an unconfirmed transaction is not trusted.

and besides it is spending an unconfirmed output which means the second one is never going to confirm either until the first output is confirmed!

there is a good tool from blockcypher which gives you a good risk factor, check it out:
https://live.blockcypher.com/btc/tx/6c99d818218f3486e02399f9facc34e69e44b37ce01b025016624c7bf107a612/
785  Bitcoin / Bitcoin Discussion / Re: Is a 51% attack currently viable? on: May 07, 2017, 12:33:32 PM
If it was noticeably getting close, people would probably avoid their services and prevent it like they did with ghash.io.

i don't remember anybody "preventing" anything with GHash.IO!
That's the main problem with the Bitcoin community. Ghash.io had the lowest fees and most miners find it troublesome to move their miners to another pool. Hence, nobody did anything and it took awhile for the hashrate to drop. Granted, they did publish a statement regarding it and their migratory measures.

In reality, the possibility of them executing a 51% attack is near to zero. They had datacenters, ASIC and an exchange. If they execute an attack, it would just be like committing suicide.


51% attack is always possible. The top mining pools can easily collaborate together and launch the attack. If you are referring to one owning the resources himself, its a no. It is way too expensive to accumulate that much hashrate.

There is currently no economic incentives to executing such an attack.

the important thing about 51% attack is that this kind of attack should be performed for profit not just randomly making a fork and orphaning the 49%!

this means you spend a large amount of bitcoin (for example sell 1000BTC in block 40001) and take the fiat then with >51% start building on top of block 40000 instead and with having more hash power try making your new chain the longest chain and spend the 1000BTC again in the new block 40001.

the solution is not that complicated either. when you receive a large amount of bitcion (ie 1000BTC) you have to wait for more confirmation. in other words wait until it is deep enough. double spending after block 40002 is harder than after 40001 and 40003 even harder and 40010 even more and eventually it becomes practically impossible.
786  Economy / Speculation / Re: Bitcoin To Soon Reach $1700 on: May 07, 2017, 12:27:43 PM
That is possible to happen as long as there is no bad incident that could affect the price such as hacking, whale selling huge no. of btc, etc. That could make others panic.
Greater chances were available to reach $1700. Right now the price is fluctuating with good resistance between limited price tag. The same will give a value crossing $1700 by the next pump which happens close to 15 may on which something specific on etf discussion is gonna take place.

i wouldn't put too much faith in the current resistances at this point. a lot of things can change that can cause bitcoin price to go in either direction. there is a speculation saying this price rise was because of news about ETF reconsideration, and if so and if it is rejected again price will go down no matter the resistance.
787  Bitcoin / Bitcoin Discussion / Re: Is a 51% attack currently viable? on: May 07, 2017, 12:11:44 PM
If it was noticeably getting close, people would probably avoid their services and prevent it like they did with ghash.io.

i don't remember anybody "preventing" anything with GHash.IO!
if my memory serves it was like this, GHash.io had more than 51% hashrate (it was about 60 i think this was a mistake) for sometime, and someday someone realized this and said oh shit there is a possibility of 51% attack! Smiley
then since they were a mining pool apart from having GHS themselves, some miners moved to other pools and the percentage came down.

edit: there you go, from 2014:

and just FYI, nothing bad ever happened. someone having high hash power doesn't mean they are going to double spend.
788  Economy / Gambling discussion / Re: BTC getting too expensive to gamble with on: May 05, 2017, 10:57:21 AM
What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.
Currently not using any other cryptocurrency as most of them are expensive too. i'm gambling with bitcoin as bitcoin not as fiat, i'm gambling as i did when bitcoin price was at $400 or $600. i'm not a frequent gambler, i only spend <0.02 BTC.
Explain it to me because I don't get it.
What does it mean that it's expensive? AFAIK the lower limits in casinos are extremely low, so you can play with cents really. It shouldn't matter if you're paying $100 or $1000 for one bitcoin if you don't have to play with fixed amounts.
What if it costs $5000 next year? If people were thinking like you gambling would have died years ago, because people would decide that it's not worh to gamble since bitcoin went from $100 to $1000 in a year.
I think you didn't get it what i said, i gamble bitcoin as bitcoin i don't care if it's value is $5000 or $500. i will still gamble! the expensive part was about altcoins, they're all in bubble and are expensive. that's why i don't own them, all the altcoins will go down hard once bubble is popped and bitcoin will keep rising/be steady.

but there should be a point when you stop or slow down gambling.
lets say you are making bets with a 2BTC bank roll and price is $500 so you are taking a $1000 risk by gambling and your loss can potentially be maximum of $1000.

now lets say price went up to $5000 and you (based on what you said) still have the same bankroll. that means you are taking a $10,000 risk.

are you still willing to do it?
789  Bitcoin / Bitcoin Discussion / Re: How do you convince people into you using Bitcoin? on: May 05, 2017, 10:46:05 AM
step 1. understand what bitcoin is yourself.
i don't mean the technical stuff. just the basics of how bitcoin works, which wallet to choose, how to make a cold storage to hold coins for long, what is transaction fee and how it is calculated (even something as simple as knowing fee is not based on amount or fixed per transaction but based on size in bytes).

step 2. decide which aspect of bitcoin is good for you or the person you want to introduce it to.
- currency: so just introduce them to shops they can spend their bitcoin. tell them about gyft or similar sites and show they how much money they can save this way by using bitcoin. show them all the benefits of bitcoin.
- investment: show them a chart, also don't forget about the fact that there is only 21 million coins as max amount and there isn't enough for everyone!

step 3. don't forget that bitcoin is just money and not magic.
this means bitcoin is not going to make you rich overnight. and if someone is mistakenly thinking that way they have to stop.
790  Economy / Speculation / Re: I can see that the bitcoin specualtion sub has matured! on: May 05, 2017, 10:32:52 AM
well in the early days price went from $200 to $1200 in about a month that is 500% rise. that is enough profit to drive anybody insane! so people started saying things like $10K on the way (there are still articles of it on coindesk).

but for the past couple of years price has been rising slowly and with more sensible speed that people brought down their %% to a normal level and now call $5000 based on that speed.
791  Economy / Service Discussion / Re: Lending bitcoins on: May 05, 2017, 10:25:17 AM
bitcointalk.org and it is an awesome forum Smiley

go to lending board and see what others are doing, you can start a topic there and put your offers up. be careful though there are scammers who will scam you for less than 1 dollar!

also make sure to read the sticky topics.
792  Economy / Trading Discussion / Re: Tether.to trading is dead? on: May 04, 2017, 03:15:14 PM
i don't think saying "a lot of people" is correct in case of USDT. many didn't even know it existed, many thought it was USD and a lot of people stayed away because it is a centralized altcoin with no promises whatsoever.

and besides after the first dip to below $1, back when bitfinex was hacked, people lost faith in this coin. and now we are seeing they were right to do so.
793  Economy / Speculation / Re: Will bitcoin crash ever again? on: May 04, 2017, 03:08:24 PM
I am scared by the volatility of BTC.

No doubt it will crash soon. VERY soon. I think it will dip tp 200$ to 300$

LOL, looks like someone sold his coins too soon and now is crying Smiley

to OP:
no bitcoin price will never ever crash. it will however correct itself. this means after the fast price rise like this, there will be some sells leading to price coming down. it would be hard to say what price and when but it certainly wouldn't be what this panic seller i quoted said.

going back to $1000 is possible but the possibility is too small that it is negligible. even if there are some bad news on top and whales dump price will go down to $1300 range and with a bigger sell pressure we may get lucky and see the $1200 range again but don't get your hopes up for $1200 or anything lower again. the chances are nearly zero.
794  Bitcoin / Bitcoin Discussion / Re: Why only now many countries recognize bitcoin as a virtual currency? on: May 04, 2017, 03:01:40 PM
I heard that Singapore recognized Bitcoin way back in 2014. There were a few others as well, such as Switzerland. Now Japan has also recognized it, and this time it has attracted a lot of media attention.

the Japan thing was on a massive scale, and also Japan is usually important in technology stuff Smiley
and also we have a history with Japan and bitcoin with the big Mt Gox scam that took place in Japan and it was great to see them come back and be this positive towards bitcoin. that is mostly the reason for all the attention to Japan news.
795  Economy / Speculation / Re: How many coins are really lost forever? on: May 03, 2017, 01:48:01 PM
Unless some of those coins get recovered, which there are some projects to find lost wallet's keys.

they can try till the end of the universe to find a lost private key and still not succeed. and unless some day someone finds an impossible weakness in ECDSA or there was a gigantic revolution in computing power this won't change!
796  Bitcoin / Bitcoin Discussion / Re: Girl gets raided by police looking for bitcoins on: May 03, 2017, 01:40:40 PM
...
But you are missing my point. No matter how much you mix coins, you don't know if the coins you are going to end up with, will have a criminal origin or not. Mixing coins is good to stop a trace of someone already knowing that it's you who is receiving the coins, but it is useless when it comes to protecting yourself from the bad luck lottery of ending up with tainted "criminal coins".

There's no way out but to obscure the entire blockchain somehow and I have no idea how this could be done.

a proper mixer won't just give you the coins they got from someone else, that would be stupid!
what happens is that when you make a deposit in a bitcoin address that a mixer gives you that money goes into a pool. pool of all the bitcoins they received and it gets mixed, there should be a lot of transactions in this and then your "literary mixed coins" come out from a new transaction to another person.
and it would be extremely hard and nearly impossible to prove these coins were ever used for whatever reason they were used for before Smiley
797  Economy / Economics / Re: Writing for blogs and news sites on: May 01, 2017, 11:40:42 AM
you can always open up a service like topic in bitcoin-related forums and advertise your services (if you are good) and give some examples of your work. if there were somebody out there they can contact you.

start with services board on this forum and also on reddit (i think the sub was called /r/jobs4bitcoin or something similar)
798  Bitcoin / Bitcoin Discussion / Re: How can we expect "average Joe" to remember passphrases to his Bitcoins? on: May 01, 2017, 11:17:14 AM
It's actually pretty easy, because the average Joe is generally less stupid than people think. 

i have always found the term "average Joe" funny in most cases. and if you think about it, who is an "average Joe". at this day and age it really doesn't matter in my opinion. anybody who is capable of connecting to internet and opening up google.com is capable of doing anything. specially things so common as making a bitcoin wallet and creating a backup from. there are a lot of walkthroughs everywhere.
799  Economy / Trading Discussion / Re: I'm a beginner, I want to start trading. What should i do? on: April 30, 2017, 11:11:36 AM
....
2. You can use Poloniex, Bittrex, C-cex, Novaexchange, Cryptopia, Bitcoinwisdom.
3. You can analyze them through checking it in the coinmarketcap.com
...

bitcoinwisdom is not an exchange platform. it is just showing some charts that it gets from these exchanges for a quick and easy view of the charts without needing to log in any of them.
and for analysis it is best to use a proper chart (either bitcoin wisdom or the exchange itself, bittrex has good charts). coinmarketcap charts are terrible.
800  Economy / Speculation / Re: Looks like we have set a new ATH at $1,377 on: April 30, 2017, 10:56:31 AM
Price difference from preev to bitcoinaverage to poloniex has set a new ATH.

number of people quoting bitcoin price versus dollar from poloniex has reached an ATH and i don't even know why!
because if any of you who are quoting bitcoin price from poloniex have ever traded in that exchange or bothered to pay a little more attention to details you would have noticed it is not dollar value that you are quoting!
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