A low number of full nodes is not much of an issue for those people that run full nodes because by running a full node, they know that transactions transactions they care about are valid. It is however an issue for those people not running a full node because they have no way verify transactions. In short, there is no reason to pay full nodes because they already get a benefit from being a full node. Furthermore, it is possible for full nodes to charge non-full nodes for access to their block chain. That would be a better system than being paid out of the block reward. The question is how do you distinguish a full node from a fake full node.
You can always determine if a node is a full node by quizzing it about transactions in the block chain. |
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You cannot buy $100 of bitcoin the way you are describing, you have to buy the entire reward, 25 + fees bitcoins each time, that's around $11000 at todays price.
can you please explain what you mean more, what is entire reward and why can't i buy in small amounts? There is no need to " buy the entire reward, 25 + fees bitcoins each time". Miners in a pool can receive fractions of the block reward directly to their address in the generation transaction. I believe that most pools don't pay miners in the generation transaction; P2Pool and Eligius are the exceptions. |
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If I have more money; good strategy in mining and high income (these are important things), maybe I'd like to buy from them.
and if they can deliver on their promises, it will be good for the custumers.
Please don't send them money. It is a scam. |
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We've seen what the halving did with Litecoin. It got a big ass pump, then settled at roughly 2X the value before the pump. With BTC it is going to be the same.
Let's be a little more accurate. What really happened was that before the halving there was a huge run-up from $1.40 to $7, followed by a crash to $3. After the halving, the price has changed very little, so it is hard to claim that the halving caused the increase directly. Plus, it must be noted that all crypto-currencies behaved similarly during that time period. Do you also claim that Litecoin's halving caused the rise in the price of BTC from $230 to $300? I think it was actually the hype about the halving, along with some other factors, that caused the pre-halving bubble. I believe that the same thing will happen with bitcoin. The Bitcoin halving hype will cause a pre-halving bubble, and the halving itself will have no effect. |
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The cheapest way to through an exchange such as Bitstamp, Gemini, or the Coinbase exchange. They only charge a fraction of a percent.
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What news outlet could be so desperate for content that they consider a reddit post to be a newsworthy event?
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The seller 'claims' that the transfer is instant, no waiting like a wallet to wallet
I want to know if in fact that is true, and if so, should i be aware of any risk. Like say he transfers to my account at localbitcoins.com and I see it there, is there any risk at all there could be a problem with his bitcoins at that point?
and is he correct that normally when dealing with wallet to wallet (outside of localbitcoins.com) there is in fact a delay of even up to around an hour) but there isn't any delay when moving from 1 account at localbitcoins to another account.
I have done many face-to-face localbitcoins trades. The transfer from the seller's account to the buyer's account is instant because it is handled by the site and it is all done within LBC. When you transfer your bitcoins from LBC to your wallet, then it must go through the blockchain. But you can do that at your convenience. If you can access LBC when you make the trade, you will see that you will be credited when the seller releases the bitcoins (but you may need to update the page). If you don't have access to the site, you know that the bitcoins have been transferred to your account if the seller can tell you the verification code. |
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Sending to a Trezor wallet might help because spending involves a couple more steps and requires you to be holding the wallet. Also consider using a paper wallet.
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It looks like CEX is having problems with their transactions. Many of their transactions are still unconfirmed.
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Now that the forum allows signature campaigns, you are sure to get pages of responses on even the most trivial subject, as many people take advantage of these easy threads to increase their posting counts. I myself participate in a signature campaign, and the irony of what I am writing is not lost on me, but I also realize that this is the reality we now live in. You just need to learn to live with it and try to sort through the useful responses and ignore the mostly redundant ones.
I set members of signature campaigns to ignore, so I don't have to sort through the spam responses. I only saw your response because I was counting how many responses to the OP were meaningful and how many were spam. Sig campaign member responses: Useless ( 8 ): fruitcommander, Aamir1, Lannister, fortunecrypto, pocarime32, SanaButt, n0ne, rio3233 Not Useless ( 3 ): Lutpin, Kprawn, Za1n |
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Let me be the first to state it plainly: WhaleClubCo.com is probably a scam. Please don't give them your money. |
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If your goal is to break any links to the person that pays you, then a mixer will do that (but, can you trust the mixer?).
However, in the U.S., you will still have a problem. If you are regularly converting large amounts of bitcoins, the exchange (or whoever does the conversion) will require you to disclose the source of your bitcoins. If you don't, they will ban you.
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I would like to ask everyone. What is pool?  A pool is a group of miners that work together to mine bitcoins and share any of the block rewards that they earn. Generally, a pool is run by a person or company who takes a small percentage of the revenue as a fee. The benefit of mining in a pool is that the revenue is more consistent. |
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Hello
I would know if a BITCOIN plateform such as BTC-E or Coinbase allow us to convert Bitcoin immedialty after the transaction is confirmed.
For example if I'm not online when I receive bitcoin, if the plateform can convert in cash instantly after the reception ?
Regards
Take a look at Coinapult Locks ( https://coinapult.com/faq). It might do what you want. |
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Here is what I was thinking of doing, but I need some advice here fellows The payments I earn from companies will go to 3rd party and that person will pay me in bitcoins. This person will not know me, I'll be anonymous to him. But from what I'm reading, I MUST link my bank account to the bitcoin account. I'm not dealing with small amounts. I'm dealing in the 10,000's per month so it's not going to work with finding small sellers dealing in cash. Laws vary depending on where you are, but a person or company paying you $10,000's per month in bitcoin anonymously would be breaking the law in the U.S. For large enough amounts of money the person or company is required to obtain identification so that you are not anonymous. You aren't generally required to link a bank account. That is mostly a convenience. |
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The price will jump if I'm right about the halving, I think the halving will let the price increase with a huge jump after this jump its gonna lower a bit and than be stable for a couple months.
Its a prediction so do not blame me if this is not gonna happen but this are my thoughts about it.
Perhaps you could explain what your prediction is based on. In the recent Litecoin halving, the price rose dramatically before the halving and then plummeted immediately after the halving. In the previous Bitcoin halving, the price rose steadily before the halving but then flattened out after the halving. |
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The halving will reduce the fresh supply of bitcoin from 3600 to 1800 per day. So the price will rise.
Assuming that demand continues to rise faster than the supply. |
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The same thing happened to me about a year ago. They asked about a particular transaction and I told them I sold some bitcoins. They froze my account for 6 months. I was eventually able to withdraw my money, but now I am banned.
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Any computer will work because you use the computer to manager the mining hardware. You don't use the computer to mine.
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