I don't think bitcoin can replace traditional payment gateway .. but other altcoins can do that... that's mainly because bitcoin needs 6 confirmations which in average takes 30 mins .. ranging from 12 mins to 1669 mins here is the average confirmation time for last 30 days  so one cannot wait that much time waiting for their order to confirm If you compare the average 30 minutes transfer time of bitcoin to cash, it's way too long to wait. If you compare it to 2-3 days international SWIFT transactions, it's really quick. You can decide what kind of tool you want to use for different needs. When the Lightning network will start and spread, the whole thing will change, because it will be the competitor of cash by then, but we need to wait for the LN because it's still under development. Until then, bitcoin will not be the competitor for the giants (VISA, MasterCard), nor to Paypal or AliPay. We can prepare for the LN implementation with starting to use segwit enabled addresses. |
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Until last week,we all had been enjoying bitcoin transactions getting confirmed with very low transaction fee.If i'm not wrong,the fee went low to even 4 satoshis/byte.But now,once again the total number of unconfirmed transactions have seem to increase from 2000 to almost 20,000 now.
Hope that very soon,once again it would return back to very low fee.
It's high time to arrange the old legacy addresses and move the coins to segwit enabled addresses (e.g. to combine the dust into a new segwit address). We can't be sure when will be the next period with such a low fees in the future, so it's time to act before the mempool fills up again (it doesn't matter what is the reason why the mempool fills, active transactions, spam, etc...). If you will have your coins on segwit enabled address, you'll have lower fees compared to legacy addresses. This is needed for now, because LN in not around the corner yet... |
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I don't know the best way of growing bitcoins but the easiest should be to work for it. Do your daily job and if you are mastered it (and if it's a kind of job that you can do remotely with the help of the internet, like design jobs, graphics, translations, etc...) offer your service for bitcoin on freelancer sites or on this forum in the services section. If you have decent references you'll be hired and will get paid for your work. Just don't forget to secure your payment method with escrow or with something different to receive your coins at the end...
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It's a nice marketing trick from them, nowdays if something contains 'blockchain' or 'crypto' then it helps a lot for the marketing deparment to target a new audience (a young, important and possibly a wealthy part of the population).
It doesn't make sense for me to have an own coin for them. They are only selling coffee, so there will be no circulation of the coins, people would only buy the coins for fiat and sell them for coffee at the coffeeshops. I don't really catch the point behind this own cryptocurrency thing, unless they are about to use this ICO to get some fresh money into their business from the people directly.
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The only thing you can't prevent if you are using an online wallet is hackers, targeting the wallet service provider. If the hackers are attacking the wallet's server itself, it doesn't matter if you are using 2FA or anything smart and safe solution to prevent your coins, if they hack the server of the wallet, they can send out the coins to any kind of address, because most online wallet providers doesn't keep your coins in separated wallets but in their centralized database. The coins are usually in 'cold wallets' and if they get the access to these wallets, they can do whatever they want, they don't need your login details or anything to spend all of the coins. So think twice before you use an online wallet for storing a meaningful amount of bitcoin...
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Here is the cynic in me posting this. As I see it, the biggest advantage of the merit points system is that it allows you to talk about merit points, and to be rewarded with merit points. I've been awarded a few points, all except one were for comments about the merit system. ..... I guess this thread has killed my chance of getting Merit Points Merit Points.  You just made me curious about this getting merited by talking about merit thing... So to make a test, I've posted in the Meta section (2 posts, nothing more), in a merit thead. I had no expectations, really, because despite of I'm a frequent poster in the Bitcoin Discussion section, I usually don't get any merit, I have received merit only for some techie stuff, about my new freetime project, building a LN node on a Raspberry PI (we have already had some discussion about it in other threads, anyway). So to cut the long story short, next morning I've noticed that one of the two posts about the merit system has received a merit, so the reason I'm writing this post is to thank you for your suggestion I won't move to the Meta thread for the future, to hunt some more merits, it was just a quick test, but now I'm feeling amazed how you have spotted this thing Also please let me know if I need to attend your grammar course |
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Looking for a very secure bitcoin wallet for iphone when on the go.
Anything that integrates with Ledger Nano S by chance?
Thanks.
The Ledger Nano S integration will be a great thing for a lot of people, you don't need more secure wallet if you have a hardware wallet. The best thing is that if you use android and have a Nano S, if you connect it first time (Micro USB - Micro USB OTG cable for android) successfully, and e.g. you use Mycelium, you will be able to check your balance in the app even if you don't have the hardware wallet connected. You only need to have the Nano S connected if you want to send coins or sing a message... This would be nice for the iphone as well I don't know when it will be available... |
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newbies are not happen to do this copy paste thing.
Say what? Not quite sure what you meant to say, since the grammar here is a little scrambled, but most of the time when I find someone who's copy-pasted material from the internet, it's almost invariably a Newbie to Member-level member who's doing it. I don't think I've ever seen someone with a higher rank trying to pass off stolen content as their own. I'm not saying that doesn't happen, because it does, but it's usually the noobs who are trying desperately to rank up their accounts and to get paid from some of the shittier campaigns who are the most common perpetrators of this plagiarism. And when they get busted, they just create a new account and try again. It amazes me that these illiterate fools think they're just going to plagiarize stuff and get away with it, that no one will notice. It also amazes me that people do notice, given how many users there are on bitcointalk and how many posts there are. I'm happy that some people have very sharp eyes. Ooops, sorry for the grammar, it was late night really So I was about to say that it can't be just a coincidence that copy paste is done by newbies, because if someone runs a bot or does account farming (or just noob enough) it needs to start new accounts periodically, if the previous account is banned or SMAS-ed. (or this was the situation in the past, before the merit system). |
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.............
I'm afraid that those shitposters will keep spamming the forums even if they get 1k activity and no merits. Sometimes I get a feeling that those are actually bots not humans with an intelligence level only enough to spam shitposts and won't even notice that they're not ranking up, they will just keep spamming shitposts no matter what.
Unfortunately I also have a feeling that there are bots posting on the forum... I was wondering why not to implement a Captcha for every post... It won't be a problem for me, I'm writing 10-20 posts weekly, so it's not a problem for me to solve 20 captcha per week... But for someone who runs a bot, it will take time to modify the bot's code, have to pay for some captcha solving ptc service to be able to bypass the captcha... Account farmers won't care a lot, but at least bots would stop posting spam... |
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Recently i am seeing many people copy pasting contents , is there any way to report to the mods?? Please take it positively.I am pretty new in this forum. Thank you.
There is report to moderator option for this and you can report such posts. There is permanent ban for such members who are doing this frequently. If the member has done it 1-2 times and is new, you may consider dropping a pm to him and mentioning the forum rules. Some might not be aware of the forum rules and doing this by mistake. Someone also created a thread reporting these incidents but I cannot find it in the meta section right now as it is pushed back. Unfortunately, newbies are not happen to do this copy paste thing... Sometime I found that my own post was copy-pasted just under my original post, so I think there are bots involved in this copy paste business also... Reporting them (to moderator with the dedicated button) is safe, revealing them in the appropirated copy-paste thread https://bitcointalk.org/index.php?topic=1926895.0 is always a matter of decision |
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I picked top 4 posts in bitcoin discussions and here is the last response made in those threads:
.....
Was this the purpose of Merit system ? Note that these are not newbies making these posts.
The merit system needs time to change the current system. In the ancient times (of the pyramids ) this forum was a place for high qualified computer programmers, after when bitcoin started to get widespread, more and more people came and started to write useless spam (and get paid for it from bounty campaigns) When it has reached the level that you have to read 10 posts (or more) to find one meaningful post which is ontopic and gives additional information to the reader of the thread, the merit system was introduced to reduce the spam. This is not a magic wand that will clear the spam in a second from the forum. Unfortunately a really long time has passed since people got used to see that if they start here as a newbie, post shit and rank up to a member or a senior, they will have a good income from posting that shit. Bounty campaigns were encouraging people to spread their advertisements thru the forum in order to get the necessary attention for their ICO or whatever, they were(are) not interested in the post quality but the quantity. The new system needs time to let people realize that unless they post quality, they won't be able to rank up, so on the long run, it will restrain people registering on the forum just for the hope of the easy money... |
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No boubt adoubt it. But....it won't be Ripple. Ripple is dead. Banks are only using the Ripple team to rip off their software and protocol. No relevant bank is going to use Ripple for their payment and transfer system. Too much Red Tape, Bureaucracy and risk. Banks don't do risk. They'll just make their own "Ripple".
Banks won't use a system unless it's proven that it's secure and have done a proper testing for a long time for every feature it offers. And of course, banks won't make it public if they are working on a system, or at least, they will announce that they started to develop something but will never announce in what phase they are with the development/testing. The customers of the banks are not interested in the background systems, so it won't gain them new customers if they make it public if they are working on a shiny and new system, customers only interested in costs and reputation (and customer satisfaction, of course) |
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The question is, which way the EU governments will choose for the regulations. The german way would be a preferable for the rest of the EU as well, but as the EU countries are independent, every country have to prepare it's own regulation... If we are lucky, (and because there's a lack of advisors specialized in bitcoin) most of the countries will look for a central guidance, so there's still hope for an acceptable regulation, but we'll see. Anyway, it's always better to be regulated than banned...
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If you start right now, a relatively low number of Bitcoin or crypto is needed to have a massive value in let's say 10-20 years away from now. That's obviously assuming crypto actually becomes what we think it will become.
My personal fund allocation in such scenario will be as follow.
Gold 20%
Silver 20%
Bitcoin 20%
Real estate 20%
Fiat 20%
I think that's quite a conservative, but yet potentially booming portfolio that should be doing well in the very long term. I definitely expect gold and silver to keep increasing, and real estate might as well slowly.
Bitcoin is the speculative part of the portfolio that hopefully will make sure eventually that the overall value will explode. Sure, there are no certainties when it comes to crypto, but without risk, there is no reward.
Real estate is also a bit speculative on the short term, but on a really long term it's quite profitable. The key is something like to balance your portfolio based on your freetime as well. You have to spend time to maintain your portfolio, real estates takes a lot of time if you have a lot of real estates, while gold and silver and the other dematerialized things like stocks and bitcoin are relatively easy to handle (you only need a PC). If you buy too much real estate, you have to hire someone to look after them if you have other full time job. So it depends also on your circumstances, which portfolio is the best... |
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Do you mean working for Bitcoin as in getting paid in Bitcoin or literally working for Bitcoin itself? In case you want to work for Bitcoin that is not really possible, as Bitcoin is not a company so you will not get paid. But you can however do commits on their github page, to contribute to the project. In case you mean earning Bitcoin with working, then you're able to participate in bounty campaigns. A different way would be trading products, where you sell them for Bitcoin instead of fiat.
Also, you can try to offer services, and you get the payment in bitcoin. Usually these type of jobs are graphical jobs, web page building, etc, mostly directly connected to the internet itself, so it can be a regural job but the difference is to accept the payment in bitcoin, which can be really comfortable and easy (and nowdays cheaper) if you are e.g. in different countries |
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I give it a couple of months before it dies. The people who provide these back ends will not risk their banking relationships for this. They make tons out of selling electricity, gas and phone credit through newsagents. It's been attempted in the UK a few years ago. That lasted a few weeks in total. https://www.coindesk.com/zipzap-resumes-cash-bitcoin-services-uk-shoppers/Do they risk their current banking relations if they only sell bitcoin? It measn they only receive money from people and that's all what banks can see, incoming money on the bank account. If they don't buy bitcoin from every stranger (don't exchange the coins directly to money) they can be fine, but this is just my opinion. Although I know that somehow they need to buy that bitcoin sometime if they want to sell it at the newsagents, so this two things can't get separated at the end... |
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Briefing the last steps I've just managed to take: using this website: http://dev.lightning.community/guides/installation/I've managed to install lnd and btcd (roasbeef's edition) Installing lnd: Using the few commands on the website, the lnd installation was successfull (be aware that the testing of the installation took ~30 minutes, just take this into consideration if you're in a hurry while installing) Installing btcd It was also really simple, using the command on the above mentioned websites. Next steps: Starting the installed things, especially figuring out how to create a wallet on the PI, stay tuned |
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i like anything that is based on Satoshi because anything bigger would mean it will become obsolete as the price rises. you may think using uBTC is enough now but it will become huge pretty soon so it is best if we start from Satoshi now and let that grow on people.
but the problem with this is that you need to ask yourself whether the whole world can understand the "metric system". not the whole world uses it! i believe Americans suck at metric system since they are using Imperial System! so it may cause some problems.
That's a good point (metric vs. imperial). But US people understand the IT system, like byte, kilobyte, megabyte, gigabyte, etc... so they already learned something from the metric system as well (I know it's the binary, but anyway), so it won't be too difficult for them to understand the new naming system of bitcoin... I also think that something should be done with bitcoin amounts, because sometimes I feel myself lost in zeros, when it's about a smaller amount of bitcoin (satoshies). |
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I watched a video just earlier and I was not able to see it again since it was on twitter. I forgot to remember the name of someone who tweeted it because I was so amazed by what I was watching. Chinese people are using mobile payment. I don't know if it was a practice years ago, but that news struck me just awhile ago.
Do you like the idea of paying using your mobile phone? For example, you have 5BTC in your mobile wallet, can you track your daily expenses since the price is changing every minute. Do you think this will be a good idea to give your child his/her allowance? What if the price went down fast in a sec? Will you use it with a down price or will you choose to be hungry instead of making a transaction in a bad market price?
Are you prepared for this? Because the future has so much to offer. You should be more aware. We must be ready.
Well those Chinese apps use fiat money. Every government's wet dreams. As for bitcoins it isn't exactly the best for transactions now because of the volatility as you've already mentioned. IMHO, many countries would probably go the Chinese path, with transactions in cash becoming less and less common but still using the fiat currency. Though this means some loss of privacy (the government can track your consumption) I think it might make it easier for bitcoins to coexist with fiat. Just convert your btc and then send it to that fiat wallet and use that to buy stuff, no need to en cash anything. Basically just use BTC for storage. Sweeden (and some others) have already managed to go cashless (OK, the public toilets are still working with coins in case of power outage, those coins are the remaining part of the cash in that country, but everything else is done by cards or mobile transactions). So if they were able to do that, it's possible and I can imagine that goverment and the tax authorities are actively supporting this and would support this in every other country. If you really want to have some privacy in a cashless country, you can try the prepaid debit cards, but you have to top it up somehow, somewhere, so it's not easy. But, if you have nothing to hide, you have nothing to fear... But privacy is a good thing to have... |
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Even now we don't need to pay any taxes to the crypto to crypto transaction because it is anonymous and no one knows that we are using it.
read again! it is not crypto to crypto transactions that the news is talking about it is crypto to goods. for example if you buy a phone or a camera or a car or a cup of coffee with bitcoin, you don't have to pay any additional taxes. this will create a huge incentive for merchants to adopt bitcoin. and if you like to know the effects of it, look at Japan and last year's growth in number of merchants (lots of offline stores) in Japan accepting bitcoin. This will be a very good start for the bitcoin's mass adoption. If merchants will start to accept bitcoin (at least some of them) the others have to join in order to preserve their market share. If a merchant will accept bitcoin soon enough, it's name (the name of the shop) will be a well known brand among bitcoin users and this can help the merchant cover a market gap and create some extra profit (the people willing to spend their bitcoins for everyday things in shops or online can be a large new customer base for the merchant). |
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