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1  Economy / Exchanges / Re: Magnr.com another scam or not? on: February 11, 2017, 09:05:29 PM
Hello Bitcointalk,

I'm surprised that nobody has taken up the offer to come in and visit. If anyone within the community lives in the UK and are based around London, come in for a coffee on us! There is no better way to verify if we are the real deal then to meet us in person and ask us about what we do.

PM me, or use the Magnr Support contact form to get in touch.
2  Bitcoin / Development & Technical Discussion / Re: Post your SegWit questions here - open discussion - big week for Bitcoin! on: February 09, 2017, 08:49:39 PM
I have a technical question on how SegWit works:

With current transactions, the number of confirmations acts as a guarantee of the Bitcoins deposited. Many services require between 3-6 confirmations to show that funds have been deposited.

With SegWit, does this logic still remain?

I may be confused with what SegWit and Lightning does. I've heard some mention that it can give an instantaneous guarantee of fund transfer, however I don't see how this would work without confirmations of the original transaction...
You're confusing Segwit with Lightning. Segwit does not touch confirmations or anything like that, it only affects the data itself. The number of confirmations required will still be the same.

Lightning is different and allows instantaneous transactions because the transactions actually happen off chain. The guarantee that your transactions are final are done through incentives and retaliation. The only onchain parts of lightning are the opening and closing of payment channels.

Thanks for the clarification achow101. That gives me a few more questions to ask about Lightning... I'll save those for a more relevant post though. I'm starting to see how clever SegWit is now in what it does. Definitely a strong scaling option... coming from someone who was previously in the 2mb only camp.
3  Bitcoin / Development & Technical Discussion / Re: Post your SegWit questions here - open discussion - big week for Bitcoin! on: February 09, 2017, 08:33:27 PM
I have a technical question on how SegWit works:

With current transactions, the number of confirmations acts as a guarantee of the Bitcoins deposited. Many services require between 3-6 confirmations to show that funds have been deposited.

With SegWit, does this logic still remain?

I may be confused with what SegWit and Lightning does. I've heard some mention that it can give an instantaneous guarantee of fund transfer, however I don't see how this would work without confirmations of the original transaction...
4  Bitcoin / Press / [2016-04-21] Private vs Public Blockchains: Is there room for both to prevail? on: April 21, 2016, 03:35:36 PM

Private versus Public Blockchains: Is there room for both to prevail?

The buzzword blockchain has reached new heights in finance history. Not since the invention of double-entry accounting in the thirteenth century has a method of keeping up with things promised our world so much improvement.

There are very few people left to deny that the general idea of a blockchain; i.e. sharing a ledger between multiple parties in a decentralized manner to keep everyone honest, is revolutionary and will be useful in our global society soon. Many of the highest financial authorities on Earth have paid it lip service in the last year, from IMF Director Madame Lagarde to the UK’s Chief Scientific Adviser, Sir Mark Walport and Federal Reserve Chairman Janet Yellen. Even people once staunchly against anything to do with bitcoin like JP Morgan CEO Jamie Dimon have recounted and stated for the record that there is something to learn from blockchain technology now.

However, the greatest advancements in blockchain technology are all based on the advantages derived from the public, ‘open’ type of blockchain, while most people in the professional finance world are looking for advancements in the private, ‘permissioned’ type of blockchain.

https://magnr.com/blog/technology/private-vs-public-blockchains-bitcoin/
5  Bitcoin / Press / [2016-04-20] Bitcoin holds a steady price – Magnr Spring 2016 Update on: April 20, 2016, 05:03:49 PM
Bitcoin’s steady price has fuelled a steady growth of blockchain based industries in 2016. Many speculate that low price volatility represents a calm before the storm while others think that it is time for consolidation.

Traders see price stability as a curse but history teaches us that a stable currency is vital for growth.

Regional Interest
Where the west sees Bitcoin as a speculative digital asset, the east sees opportunity. Digital currencies are seen in a different light in different geopolitical regions. The main reason behind this is because the application and use case changes based on where you are.

In established western economies such as the US and UK, Bitcoin is seen as a tool for experimentation and speculation. It is used as an on ramp to understand the space and a core piece of infrastructure from which to build and test blockchain based innovations from. Emerging African and Asian economies view Bitcoin as a powerful tool for cross border payments. A way to pay workers, and a way to remit money without the tax on poverty that traditional payment mechanisms (such as Western Union) impose.

https://magnr.com/blog/newsletter/bitcoin-price-steady/
6  Other / Beginners & Help / Re: The Basics of Forking on: February 17, 2016, 01:04:08 PM

After 750 of the last 1000 blocks signal support for the fork by setting a certain bit in the version number

Thanks for the explanation, to clarify, does it have to be 750 consecutive blocks in a row with that new version or is it just 750 out of the last 1000 blocks that will trigger the grace period?
7  Economy / Exchanges / Re: Magnr.com another scam or not? on: February 17, 2016, 12:05:41 PM
Well I think this says enough:

A new legit company hiding their information.


Admin Name: Identity Protection Service
Admin Organization: Identity Protect Limited
Admin Street: PO Box 795
Admin City: Godalming
Admin State/Province: Surrey
Admin Postal Code: GU7 9GA
Admin Country: GB
Admin Phone: +44.1483307527
Admin Phone Ext:
Admin Fax: +44.1483304031
Admin Fax Ext:
Admin Email: magnr.com@identity-protect.org

This is our domain privacy provider. Feel free to visit us at the address listed on our website:

https://magnr.com/meet-the-team?scroll=contact-us#contact-us

Our companies house registration details in the UK are also listed.
8  Economy / Exchanges / Re: Magnr.com another scam or not? on: February 17, 2016, 11:55:06 AM
Hi all,

Joe here, founder of Magnr.com. I can confirm that we are not a scam and we are not a ponzi.

First off here is our about page:

https://magnr.com/meet-the-team

Our team and all of its members have a very public profile that you can look up on LinkedIn, Facebook, Twitter etc.... whatever your preferred method. You could also use private investigators on us, we know other people have before.

Our office address is real as well. If any of this community want to come and visit us, we are there Monday to Friday around office hours. Contact us, come in and have a coffee on us and take a picture with the team to share your experience. I'm always shocked and surprised at how nobody ever seems to take us up on this offer.... Please I would encourage ANY community member based out of London to come by. Please PM me.

I already smell the Ponzi arount this one, another site that will end for disappearing with users money....let's see...

All of our team members have left established careers. None of us want to run a Ponzi because in a country like the UK, if you do, you'll quickly destroy any of your own future career prospects. Especially if you want to work in finance which I did previously (as did our current CEO).

We also wouldn't list our public profiles or office address if it was a Ponzi. The reason why should be obvious! We would rather not be hunted down if we were scamming people.

Further to that, our CEO Colin Kwan has just been elected to the board of the (UKDCA), UK Digital Currency Association who's role is to lobby for pro digital currency stance from the UK government. I think he's been doing an excellent job at this given that the UK currently has a very open stance towards crypto businesses.

On top of that, we're actively engaging with the UK's FCA and the CFTC in the US. If you scam, this is a very quick route to jail time!

I'm not sure how much more I could give you but if there are still doubters then I'll endeavour to provide as much as we can. (details about our public VC deals, publicly listed information, incorporation etc...) We know that this industry cannot grow or thrive without the trust of its community. We are all pro-Bitcoin and always wanting adoption to grow, especially in the UK.

To explain our products in as transparent way we can, can help ease your worries by being honest...

Our trading platform generates revenues in two ways, first of all we charge a trading fee, second of all we charge interest on leverage funds borrowed to place these trades out to market. You can see your trade execute on the selected exchange in real-time so you know its happening. This we can't falsify.

Our savings platform uses funds deposited by clients for leveraged positions on our trading platform. We are open and honest about this on our brochureware so let us know if this is not acceptable. Funds for the interest come from charges made to clients who place leveraged trades. This is what makes it a financial product as opposed to a ponzi scheme. Out team has taken lessons it learnt from their collective time working in the banking industry to create these products for the Bitcoin industry.

Hope that helps!
9  Other / Beginners & Help / The Basics of Forking on: February 17, 2016, 10:47:30 AM
Can someone Explain Like I'm 5, how the basics of this 'upcoming' fork will occur (if it does). I'm simply after an explanation of the mechanics.

Right now I assume the following, can someone confirm if its true:

  • As Classic adoption continues, more and more blocks will be mined with the classic 'flag' on the blockchain
  • After 70 (Huh) blocks in a row have been mined, this will be taken as a vote of confidence (a consensus win???)
  • A countdown will happen (Huh)
  • The rest of the miners and nodes will have to upgrade otherwise their mined blocks will automatically be rejected by the rest of the nodes

Forgive me for being vague. There are gaps in my understanding that need to be filled!

Please leave personal opinion of classic vs core out of this, this post is not designed to be a debate.

Thanks!
10  Bitcoin / Bitcoin Discussion / Re: 8 Bitcoin Life Hacks on: February 11, 2016, 02:40:50 PM
Not a bad little article I must say. Is this some of your writing or just a helpful guide you found online while browsing?
The bitcoin ecosystem is a pretty daunting place for newcomers, It's good to have access to resources like this one.

Thanks! Its a list I put together, I thought it would be nice to share some of my favourite Bitcoin related bookmarks to help newcomers to the space.

I'm always using these sites and telling others about them, now I can just point them to this post.

If you're kind enough to share those bookmarks I would be very interested! I also plan on writing a introductory guide in my native language.

Sure happy for you to use the content! Back-link the article if you are using the same images too. Go spread the good word about Bitcoin!
11  Bitcoin / Bitcoin Discussion / Re: 8 Bitcoin Life Hacks on: February 11, 2016, 02:39:04 PM
Quote
Life Hacks

You keep using that word. I don't think it means what you think it means.

Google told me it was ok to use that term:



I think it fits the bill perfectly.

They are clearly very different from the ones you see CrazyRussianHacker do on youtube though....
12  Bitcoin / Bitcoin Discussion / Re: 8 Bitcoin Life Hacks on: February 11, 2016, 11:05:44 AM
Not a bad little article I must say. Is this some of your writing or just a helpful guide you found online while browsing?
The bitcoin ecosystem is a pretty daunting place for newcomers, It's good to have access to resources like this one.

Thanks! Its a list I put together, I thought it would be nice to share some of my favourite Bitcoin related bookmarks to help newcomers to the space.

I'm always using these sites and telling others about them, now I can just point them to this post.
13  Bitcoin / Bitcoin Discussion / Re: 8 Bitcoin Life Hacks on: February 11, 2016, 11:00:38 AM
According to first image now Ripple's market cap doubled now while BTC's maket gap increased just 3.5%?!

What the hell?!..

I took those screen shots last week, the Ethereum market cap was $220 mill ranking it #3, now its $356 mill and ranked #2!
14  Bitcoin / Bitcoin Discussion / Re: 8 Bitcoin Life Hacks on: February 11, 2016, 10:57:58 AM
This is nothing new to the veteran member, but to a newbie, this can be really helpful. I believe this should go into beginners and help!

#Stickyplz

Thanks, I'll ask the mods if we can include it in a sticky post. Any other recommended sites you would add to the list?
15  Bitcoin / Press / [2016-02-10] UK Bitcoin Regulation, The Bank of England and Magnr's Bitcoin Bank on: February 10, 2016, 06:11:56 PM
Ian DeMartino: There has been a lot of talk about the UK possibly making a central bank cryptocurrency, do you think something like that could be successful?

Colin Kwan: It is something that has been talked about rather openly. I am the CEO of Magnr and the director of UK Digital Currency Association, and part of our mission at the UKDCA is to talk to the treasury, the Bank of England and the policy makers. We explain to them what digital currencies actually mean to the UK and how the UK can even benefit from these types of currencies....

Ian DeMartino: The IMF recently recommended international cooperation when it comes to Cryptocurrencies? Do you think Bitcoin would benefit from a some international regulations or a best practices policy or anything like that?

Colin Kwan: There is definitely a need for an international standard. Being a part of the UK DCA, we are looking to help establish what we call the IBC, the International Blockchain Committee. We want to have international bodies as representatives and create a standard across all blockchain systems....


http://coinjournal.net/colin-kwan-on-magnr-the-ukdca-and-bitcoin-banks/
16  Bitcoin / Bitcoin Discussion / Re: 8 Bitcoin Life Hacks on: February 10, 2016, 05:48:39 PM
Excellent article!! Especially the block size debate. Newbies will now understand what is blocksize and why it is so important. Keep on uploading such important news.

Yeah my goal was to be informative and not too political. I'm tired of reading content pointing out the polarised debate between actual implementations. Noobs probably won't care at this stage.
17  Bitcoin / Bitcoin Discussion / 8 Bitcoin Life Hacks on: February 10, 2016, 02:08:13 PM
We put this together as a quick newbie guide to the space. Some of these are sites we are always recommending to our clients and friends. Here are 8 of our favourite Bitcoin life-hacks!

https://medium.com/@Magnr/8-bitcoin-life-hacks-7ace5b093f55#.5vtg3gclb

What are yours? I may compile a follow up if there is enough interest and suggestions.
18  Bitcoin / Bitcoin Discussion / Global Bitcoin Computing Power on: February 08, 2016, 04:09:27 PM
Back in 2013, this Forbes contributor mentioned that by crude calculations, Bitcoin's hash rate equated to 256 times faster then the top 500 supercomputers combined:

http://www.forbes.com/sites/reuvencohen/2013/11/28/global-bitcoin-computing-power-now-256-times-faster-than-top-500-supercomputers-combined/#3015c8e28b76

Has anyone done a more recent analysis of this?
19  Other / Politics & Society / Re: Cointelpro Techniques for dilution, misdirection and control of a internet forum on: February 03, 2016, 12:02:23 PM
Forum-slide countering Bump. Its very obvious that this happens everywhere in Bitcoin. We just haven't figured out the source. Subversion within the community is also common. I wish people knew more about it. Upvoting and downvoting habits are very easily gamed and observed every single day on /r/btc and /r/bitcoin on reddit.

Open your eyes people. Keep bumping this post.

Mod: pls sticky.
20  Economy / Services / Re: Twitter users - Get paid to tweet! on: January 25, 2016, 03:09:36 PM
I am still waiting for the payment. When will it be done?

I am following you and retweeted this tweet.

My twitter account: https://twitter.com/BitcoinPressX
My BTC address: 1HcASsLuZKr6Uk3AFXtQHz9cXiUsA54NVg

Would be nice if you would follow back Wink

Everyone has been paid now. Here is the final TXID:

https://blockchain.info/tx/03cfb26a42936e8774d8df7e88ac3797f68acf8d57474bcbc4530bab565156c9

Thank you everybody for your participation, if you haven't already done so, please leave some trust feedback. I'll let you know when I next run a campaign!

<-- Thanks!
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