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14821  Bitcoin / Bitcoin Discussion / Re: What happens to all the BTC that people lose the keys to? on: May 28, 2017, 08:13:08 PM
No. Without the private key all the coins from that wallet are inaccessible. That means they are gone, and there is no automatic method of recycling.
The only way possible to recover those Bitcoins without the private key would be doing a hard fork in the blockchain.

Do you think that would eventually be something BTC will do to try to recover from a time when people maybe didn't pay as close attention to their BTC as the should have? I know back in the day I was too unfamiliar with crypto and digital currency to even dabble in it (stupid younger self!), but I know plenty of people who have told stories of how they got some amount of BTC either through mining or an exchange just out of curiosity and then forgot about it for years. Now that its actually worth something I bet they would love to be able to get it back, and although I know they can't I wonder if that is unhealthy for the BTC ecosystem

Though I'm no expert I would think thats a bad thing for the value and sustainability of BTC/other currencies
I do not think there would ever be a plan to recover people's lost Bitcoins for some simple reasons:

1 - It is impossible to confirm someone's ownership over any Bitcoin wallet without them having access to private key.
2 - This would put at stake the trust of Bitcoin as a decentralized payment method and free from the control of individuals. If someone can take control of certain Bitcoins without actually owning them, what keeps them from doing the same with mine?
3 - A smaller number of Bitcoins in circulation may be good for the ecosystem, by reducing the amount of coins, we reduce the inflation.

This same type of discussion is being made in the post "Coins of Satoshi" if you wanna check out. Link: https://bitcointalk.org/index.php?topic=1924762.0
14822  Bitcoin / Bitcoin Discussion / Re: What happens to all the BTC that people lose the keys to? on: May 28, 2017, 07:46:19 PM
No. Without the private key all the coins from that wallet are inaccessible. That means they are gone, and there is no automatic method of recycling.
The only way possible to recover those Bitcoins without the private key would be doing a hard fork in the blockchain.
14823  Bitcoin / Bitcoin Discussion / Re: UASF Activation on: May 28, 2017, 07:10:48 PM
I found some reddit posts that can help you understand UASF risks and what can happen.

https://www.reddit.com/r/Bitcoin/comments/6drwrv/if_exchanges_dont_support_uasf_can_it_still/
https://www.reddit.com/r/Bitcoin/comments/6bxpsj/bip148_and_the_risks_it_entails_for_you_whether/

"Addressing the OP, the important thing to realize is that UASF is not subject to a majority or consensus of nodes. It is happening 100% for sure on 1 August: a new chain tip will split off a chain that can only be built with SegWit signalling blocks (onus on miners).

Users/businesses/miners will have to decide on what chain they're on before they can transact. Transacting on the wrong chain will see those transactions lost.

Trace Mayer gives the example of Alice buying Bob's condo. If Alice and Bob transact on the chain that gets discarded then Alice has the condo and gets her bitcoin back. Bob has neither.

That's an extreme and easily reversible example, but think about the current daily transaction volume and fees worth $1mil+ going to miners on a daily basis. Businesses and miners will have to commit decisively or lose big.

The UASF is a watershed event and it is coming."

(all credit goes to original posters)
14824  Bitcoin / Bitcoin Discussion / Re: if you invented a quantum leap in mining technology what would you do? on: May 28, 2017, 03:41:49 PM
I would not do anything that could damage the bitcoin ecosystem and selling would be dangerous if this technology fell into the wrong hands. So I might just use it to mine Bitcoin and other altcoins and get rich with it. And more important: get Segwit activated.

But now the biggest problem would be the confidence that Bitcoin could lose if someone no one knows held most of the mining power from nowhere, having the chance to control the future of the currency. Thus making Bitcoin "less decentralized".
14825  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Pump Group on: May 28, 2017, 01:43:28 AM
With such grups you are chaising tail. and only leader of pump is getting hard cash rest most likely will sponsor his earnngs. You will most likely loose money there.
That's correct. Rarely a public pump group works in the long-term. Mainly because the manager of the group which usually is the guy who starts the pumps, probably has already bought amounts of the selected currency and will always try to profit from the new users and beginners mistakes.

I can speak of this from my own experience because I was already part of a group like this, and it never worked well.

The best way to organize an artificial pump is with a private group of whales that own a large amount of BTC, and are willing to allow the whole group to profit, controlling their greed to avoid disasters.
14826  Bitcoin / Bitcoin Technical Support / Re: $20 transaction with $3 in fees, still not confirmed! on: May 28, 2017, 12:20:48 AM
You can boost your confirmation time with this free service: https://www.viabtc.com/tools/txaccelerator/
Or if you are willing to pay, you can get a tx confirmated in 1~4 hours with this one: https://pushtx.btc.com/

Otherwise, you will need to wait even if you fees are enought. That's what bitcoin is turning into nowadays.

I was just going to send 0.022BTC, and my Mycelium wallet told me I have to use over $5 for the "economic" option.
Who would have imagined that Bitcoin would become so expensive? We need this fixed asap.
14827  Bitcoin / Bitcoin Discussion / Re: Well, I've been a Segwit supporter for a while now but... on: May 27, 2017, 03:59:52 PM

Good ol big blocker shill lies.

The poll done by 21 suggest that around 75% of big players in the space want segwit and the 70.5% reject Buggy Unlimited explicitly:


-img-

https://medium.com/@21/using-21-to-survey-blockchain-personalities-on-the-bitcoin-hard-fork-1953c9bcb8ed

Not to mention nobody but Roger Ver runs nodes.

So it's pretty obvious BU is in general a failure.

UASF is working, nobody is talking about BU anymore. We are now in the acceptance phase. Everyone knows segwit is going to activated, the question now is how.

The next step is for certain miners to accept segwit as a softfork to end the covert ASICBOOST exploit, if certain miners do not cooperate, UASF will keep going up.

Accept reality or get burned.
wow 61 random votes xd . why is this relevant for the comunity?
Rofl. Not just 61 randoms. This poll was targeted at experts and personalities from the Blockchain community. On the 21.co page itself, you can see some of the people who are part of the group where the poll was made. Do some work first before trying to spam for some posts count. https://21.co/blockchain/

Adam Back (CEO of Blockstream), Brian Armstrong (CEO of Coinbase), Nejc Kodric (CEO of Bitstamp), and others. Just some random folks right?

Btw, BillyBobZorton is right. Segwit is indeed the only right choice.
14828  Other / MultiBit / Re: WHERE are my BitCoins !? on: May 27, 2017, 01:13:24 PM
Did you backup your seed while creating your wallet? If so, you can easily recover your wallet with them.

I still have the wallet key numbers/letters but that does not seem to help ....... (?)
Can you explain what is this "wallet key numbers/letters" you are talking about? Do you mean the private key?
14829  Other / Beginners & Help / Re: Some miscellaneous questions of mine on: May 27, 2017, 12:29:33 PM
4.  I'm a bit confused about the trust system.  I read theymos' thread about it, but I still don't quite get exactly what causes someone to have a positive rating, what the multiple different numbers mean and how DT members tie into this.
It's quite simple.

This is how your trust is shown
Trust: 1: -0 / +12(3)

Purple: user's trust score calculated based on how consistently they've received positive feedback.
Orange: number of reported scams
Blue: increases with the number of positive reports

Everyone registered in the forum has a list that can be filled by you, where you define who is trustworthy for you. However, everyone registered in the forum already starts with a predefined list of trusted users, called Default Trust (DT). Only theymos can add people in the Default Trust, so they can be considered the most trustworthy people in the community.

The system works like the OTC WoT. Because you automatically trust the people in Default Trust, all members trusted by them will also be trusted by you. This is why you see many users with the green trust, simply because they have received positive feedback from a reliable user present in the DT list.

The same way works for the people you manually puts on your list. If you add me on your trust list, everyone I set as trustworthy will also be considered trustworthy for you.
14830  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: May 27, 2017, 12:09:23 AM
This is actually a smart way to mix your btc. I think this is the first mixer using any method like this, and with 0% fees. I have only one question that I would like you to confirm: As I have seen in the FAQ, is 0.001 BTC the minimum deposit amount?

I wish you good luck in the future. I'm sure I'll be giving preference to ChipMixer as my favorite mixer.
14831  Economy / Economics / Re: Long-term storage on: May 26, 2017, 11:17:24 PM
What do you think,
How safe is to keep some BTC in the coldwallet for 20 years paying no attention to crypto world?

Not safe. Hard forks might occur that need your attention to prevent loss. At least use a hardware wallet, keep the firmware up to date, and check both your wallet and the forum for news every couple of weeks, at least once a month. Store the seed for your hardware wallet securely, not online, and keep a spare around in case of malfunction.
If you'd use a hardware wallet, wouldn't hardware failure be an issue?
If you just store them in a paper wallet, would your coins be compromised due to a hard fork? I mean just any hard fork?

Let's assume that wouldn't be the case, then I'd think a paper wallet might be the better option, if you're using thick, laminated paper...
Just like you said, I think a paper wallet could be safer since there is no chance of hardware failure. Not that this is a major issue since most hardware wallets are made having long-term durability in mind. Just store your paper wallet in multiple banks and you will probably be okay. Also, if there is a hard fork and you are storing your btc in a paper wallet, the way your coins are affected depends on the wallet you use to claim your btc.
14832  Local / Português (Portuguese) / Re: Carteira online ou no PC? on: May 26, 2017, 10:40:30 PM
"If you don't own your private keys, you don't own your bitcoins"
Tradução: Se você não controla suas chaves privadas, você não controla seu Bitcoin.

Quanto mais rápido você aprender que o lugar para guardar seus BTC é na sua própria carteira, menos dor de cabeça você vai ter. Até mesmo carteiras web em que você tem acesso a private key como Blockchain.info não são 100% recomendadas.
Nunca guarde seus Bitcoins em uma exchange ou carteira web.
14833  Economy / Services / Re: NVO.IO Translation bounty campaign 50$ in Bitcoin on: May 26, 2017, 01:18:15 PM
I just sent you a PM regarding my translation offer. Please consider.

Thanks in advance.
14834  Economy / Reputation / Re: Boycott yahoo - Vote anonymously and I will make sure that yahoo gets kicked ! on: May 26, 2017, 12:14:29 PM
And why do you want him kicked? It looks like he pulled you out of a signature campaign and now you're angry. Let me tell you one thing: If he kicked you, this is because you deserve it.

I can tell you that I've been kicked out of a campaign recently and instead of getting angry and blaming the manager of the campaign, I read all my previous posts again and figured out the reason I got kicked out. Your posts may seem relevant to you just because it's related to the subject, but sometimes that's not how it works.

I do not think yahoo has anything to gain by kicking you out of a campaign. So read your posts again and learn from your mistakes to improve your posts quality the same way I'm trying.
14835  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DCORP Crowdsale - Democratizing Venture Capitalism on: May 26, 2017, 12:38:17 AM
Hey! I would like to reserve the Portuguese translation if possible.
I am a native speaker and won't be using any artificial method of translation.

Thanks in advance!
14836  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero fake announcement on: May 25, 2017, 11:59:33 PM
Only the greed of the people caused the pump and dumb of the Monero during this announcement. I think fluffyponyza did this just to troll those people who are in the world of altcoins just to profit regardless of whether or not they believe in the design of a certain currency.

Here is a screenshot I found on someones twitter that speaks for itself.

14837  Economy / Speculation / Re: Btc Price on: May 25, 2017, 10:50:31 PM
No one knows. But my personal opinion: Buy anyway while you can. The truth is that this is just the beginning, and even though we are experiencing the all-time high, the price of Bitcoin is still extremely low for the future it will have. But be aware that the risks remain the same and that you should only buy if you know there is a chance of the price to fall and you lose a lot of money.
14838  Economy / Speculation / Re: We're reaching $3,000 soon! on: May 25, 2017, 06:52:20 PM
When we fix the scaling issue (maybe in August), the price will go up a lot. That's why this is the time to buy more even if we are in the all-time high. Just remember that this is just the beginning and that Bitcoin is still a child.
14839  Bitcoin / Project Development / Re: If you had 50.000$ what Bitcoin project would you do? on: May 25, 2017, 02:52:02 PM
I would start investing in ICOs with interesting projects that I think can have a future. I regret losing the chance of investing in coins like ETH and Waves when I had the chance.
14840  Local / Português (Portuguese) / Re: Novo record: Bitcoin ultrapassa os U$ 2.000 on: May 25, 2017, 02:40:52 PM
O cara vê um post desses, checa o preço da moeda e pensa "vou esperar cair um pouco pra comprar". Uma semana depois o preço ja subiu mais 500 dolares. Eu sinceramente não sei mais até onde isso vai.
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