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2461  Bitcoin / Bitcoin Discussion / Re: RECOVER BITCOIN.COM DOMAIN NAME on: May 03, 2018, 08:01:48 PM
Bitcoin.com domain name is too important to be owned by Roger's own interests/business

Who do you think should have it? the community? and what for?

Would you agree if Bitcoin.org claim it to the ICANN? (like many brands/celebrities did)

before rebutting with anything that resembles defending core and thinking bitcoin core deserve full and sole ownership of "bitcoin" ask yourself this
1. isnt handing bitcoin.com to one central group (core team) anti-decentralisation
2. replace the word "bitcoin core" with U.S dollar.. "bitcoin cash" with canadian dollar. and BITCOIN with "dollar"
then take a step back and run your rebuttle argument through your mind.
(imagine having your bitcoin argument but talking about fiat dollar and  america vs canada)

P.S
try your hardest to not wear the U.S / core defensive cap when following point 2. instead wear a "bitcoin decentralised" cap




theymos/cobra and the core clan already own too much of "bitcoin"

so here we ago again
NO ONE OWNS BITCOIN. and core definetly should not. this "ver drama" is all just a ploy to hand the brand and trademark to one central team

lets make it simple, bitcoin brand is like dollar brand

america have dollar
australia have dollar
canada have dollar

in normal conversation a canadaian CAN happily say they have dollars in their pocket but it aint U.S dollar
in normal conversation a american CAN happily say they have dollars in their pocket but it aint canadian dollar

an australian forex CAN put.. "buy dollars or buy U.S dollars"
an american forex CAN put.. "buy dollars or buy A.U dollars"
a bitcoin core exchange can put buy bitcoin or buy bitcoin cash
a bitcoin cash exchange can put buy bitcoin or buy bitcoin core

EG
if a european wants dollars, so the conversation is.. "do you want U.S at ~0.8Eur/$ or A.U at ~0.6/$"
if a fiat holder wants bitcoin, so the conversation is.. "do you want core at ~$9,000k or cash ~$900"

so the conversation is there is U.S dollar AND A.U dollar
so the conversation is there is bitcoin core and bitcoin cash

there would only be fraud if Australia was selling australian dollar at the american dollar rate

there would only be fraud if bitcoin cash was selling bitcoin cash coins at the bitcoin core rate

an american can say "i got 99 dollars but a A.U dollar aint one"
an australian can say "i got 99 dollars but a U.S dollar aint one"

an american cannot say "australia is fake,fraud, non existant, a myth, a dream they dont have dollars"

once you stop being a foolish sheep protecting core as a centralist group... and instead ignore the core team and think about DECENTRALISATION and noone should own bitcoin. then you see that this social drama of lawsuits/banning/reporting. is just cencorsip to drive out consensus/decentralisation/competition.. and just promote centralisation towards the core team becoming a monarchy

so, how did it all occur you may ask..

the 2017 event was a bilateral split instigated by the core team and their partners (blockstream: samson mow... Bloq:jgarzic) to do a bilateral split where BOTH SIDES become an altcoin
yes both blockstream guys and bloq guys(the main paid devs involved in core) who are all paid by the same investors created both bitcoin core and bitcoin cash
yes we all know that the core team are point fingers at jihan and ver.. but it was actually BLOQ that made bitcoin cash.. yes thats how desparate to cause propaganda they are that they wont admit their own partner made it

anyway the bilateral fork..
unlike UNILATERAL forks like clams. .

its not a
_________________core
            \_________cash
(unilateral)

or a
             _________core
_______/_________cash
(unilateral)

but was a
           __________core
______/
          \__________cash
(biilateral)

yes BOTH sides split

this whole thing would not have happened if the bilateral split did not occur and REAL consensus was used. but no.. core hated that they only had 35% of the vote and so forced a bilateral split using their partner and then tried blaming a third person.
(facepalm) at cores shadiness to try making bitcoin centralised


so. the solution is simple..
when thinking of bitcoin. think of it as the same conversation you would have travelling around the world and talking about dollar.
"is that U.S, A.U. CAD your talking about/want"

then things become simple

if anyone sent coins to the wrong address.. just get the private key from the wallet and use it on the correct wallet for the coin that got sent

as for the lawsuit.
(analogy) i doubt anyone bought a A.U dollar at a U.S rate
(analogy) i doubt anyone bought a U.S dollar at a A.U rate

i doubt anyone bought a bitcoin cash coin at a bitcoin core rate
i doubt anyone bought a bitcoin core coin at a bitcoin cash rate
so no fraud.
2462  Other / Beginners & Help / Re: What happend 2140 all BTC are mined on: May 03, 2018, 07:03:04 AM
here is how the block rewards change over time

but anyway for mathematical purposes

year*  reward
2009   50.00000000
2013   25.00000000
2017   12.50000000
2021   6.25000000
2025   3.12500000
2029   1.56250000**
2033   0.78125000
2037   0.39062500
2041   0.19531250
2045   0.09765625
2049   0.04882813
2053   0.02441406
2057   0.01220703
2061   0.00610352
2065   0.00305176
2069   0.00152588
2073   0.00076294
2077   0.00038147
2081   0.00019073
2085   0.00009537
2089   0.00004768
2093   0.00002384
2097   0.00001192
2101   0.00000596
2105   0.00000298
2109   0.00000149
2113   0.00000075
2117   0.00000037
2121   0.00000019
2125   0.00000009
2129   0.00000005
2133   0.00000002
2137   0.00000001
2141   0.00000000

**based purely on current fees per block(~1.5btc)..
we could see the importance of reward:fee  flip to  fee:reward happening around 2029
where pools care less about the reward and care more about fees

the pools will continue to mine blocks because they get paid via fee's from transactions

*note dates are variable because blocks are not solved at exact times of 10 minutes(2016/fortnight)
for instance the january 2013 halving actually happened in november 2012 and the 2017 halving happened in july 2016. the next halving is ETA'd for May 2020(not jaanuary 2021)
2463  Bitcoin / Bitcoin Discussion / Re: The Lightning Network might be Satoshi's original vision? on: May 03, 2018, 06:23:18 AM
It does seem like satoshi has envisioned second layer technology for scaling. He also does mention Bigger blocks, but I don't think satoshi forsaw the centralization of mining like it is today. So the Bigger blocks would have further increased centralization and Satoshi may not have realized that at the time. Thanks for sharing this, definitely does seem like he was talking about a second layer in that email correspondence.

The Bigger Block increasing centralization is a myth, LN Hubs will cause a greater centralization than anything on the onchain network.
If you want a better understanding
read the following:
https://bitcointalk.org/index.php?topic=3378014.msg36005734#msg36005734

 

That's because the volume of Bitcoin Cash transactions are small. Smaller than Dogecoin's transaction volume. Hahaha.

Plus if that's your reasoning on why you say bigger blocks increasing centralization is a "just a myth" then I would say that it is very weak. I believe the critics already did the math behind it.

To rub some salt in it, there are now more Lightning nodes than Bitcoin Cash nodes. Cool

to interupt the conversation flow some more
to rub some pepper into the salt, those channel/node counts are actually not people counts. some of them hubs are run by one person and run on servers like amazon.. (remember the image of the network for >EUROPE< network) in another topic. that node owner has other large channel count hubs too.

as for "critics doing the maths" they said 1mb+ woul kill the network and will get hit by the chinese firewall..
they ademently refused 2mb at the late 2015 'consensus' conference. and then challenged that segwit+offchain was the only way

.. months later..
strangely but not surpringly backed down and denounced their own maths when they buzzworded their "weight" of 4mb. i even rememeber laughing that LukeJr (moderator of the bips) pretended that he had no control of core and was just a contributor. saying it in a manner that he was just the was just a janitor, cleaning the rubbish out of a corporate offices trashcan and had no control over what bips got accepted or rejected
2464  Bitcoin / Bitcoin Discussion / Re: The Lightning Network might be Satoshi's original vision? on: May 03, 2018, 06:09:06 AM
i feel that this is just trying to make LN seem like it was always part of bitcoin. even though the concept is actually
part of blockstreams 'liquid' concept 2013+.
EG multisig was not part of bitcoin in 2009-2011
EG CLTV /CSV was not part of bitcoin in 2009-2011

No this is not about the Lightning Network, but the concept of offchain transactions. Blockstream did not say anything about the concept back in those days. Was Blockstream already alive during that time?

It was Satoshi who said it and clearly expressed that the blockchain can become a "settlement layer".

"Only the final outcome gets recorded by the network". Said Satoshi.

But Satoshi did say that offchain transactions is one of the ways to help scale the network, did he not?

I am not talking entirely about the implementation of the Lightning Network, but the concept behind offchain transactions.

satoshi did agree with hearne that offchain is possible in as much as online exchanges dont have to publish every trade.
even before LN. there were things like bitgo that utilised multisig to do offchain stuff too

but satoshis quote and bitgo are not LN and LN cannot pretend to be the concept of satoshi nor bitgo nor anything prior.

also it was hearne who used terms like settlement layer, channels.
it was hearne who joined R3 and became part of hyperledger.. and .. (drum roll) so did blockstream, which is where all this stuff is being cencepted behind the scenes

and yes LN will be the vessel to allow offchain swaps between different currencies in the future (another thing hyperledger banking groups want) which is where the whole BC1q addresses became a thing instead of sticking with '3' addresses so that inside LN, bankers can identify a bitcoin currency address by its BC1q and then the bankers can have their fiat coins identified by their USD1q GBP1q addresses

... oops did i let that slip.. oh no.. now the core loyalists are salivating even mor at the mouth to let cores PAID devs do what they like and centralise even further just for the orgasmic thought of offchain swaps with fiat.. without giving a crap about bitcoins decentralisation and whole original ethos of bitcoin

2465  Bitcoin / Bitcoin Discussion / Re: The Lightning Network might be Satoshi's original vision? on: May 03, 2018, 06:02:45 AM
Quote
You would use an exchange Offchain transactions
1.  You need the speed for a retail transaction
2.  You don't want to have to keep blockchains synced or maintain your own backups or coin security.
3.  You want to avoid the Onchain fees for small transactions
4.  You want the transaction not to be recorded onchain in a public ledger
wrong. you would only use an exchange if you want to lose money aka get scammed by the exchange.
i would agre having funds in a multisig is better than just putting funds into an exchanges sole control private key.
but.,
you can also get blackmailed and scammed by the current LN channel counterpart. seems people need to run more scenarios before screaming LN is utopia

I think you are confused about

with LN you fund your channel and you will remain in full control of all your funds. you make the payment anytime you want to one or 1000 others as long as you have even 1 satoshi left and close the channel anytime you want. all the while your funds are secure and in your own control.

The LN Hub is the one in control, it makes sure the rules are followed and if you break the rules, ie: try to broadcast an old transmission, the LN Hub will confiscate your funds. Now you may run your own LN hub, but a simple ddos attack during a time lock expiration would mean one of the other parties could steal funds by broadcasting an older transaction. 
you run an LN node when you want to join Lightning Network and use it. you and the receiver are the ones that can take the funds not other LN nodes. they are just there to relay the transactions, they can't "confiscate" anything.
as for DDoS, the timeout period can be changed, it is 1 day by default if i am not mistaken. and your scenario doesn't even make sense! imagine you want to buy a T shirt from a shop, you make the payment through LN then DDoS the shop's node so they don't receive the payment! what will happen now is that they won't send you your T shirt Cheesy

seem zin-zang is talking about a hub BEING your counterpart. and a hub with hundreds of channels (acting like a bank branch manager is not exactly going to match the 'customers'(your) funds 1-for-1. because if a hubs channel counterparts are all risking say $60+ value that would mean a hub would have to reserve $6,000 just to be a channel counter part to 100 people.

also when you make a payment. your actual funds do not reach the recipient. you pay the hub. the hub then uses the hubs other funds it has with another channel to pay that person. so both you and the destination recipient are relying on the hub.

running scenarios. most establish hubs. lets use starbucks for instance as becoming the BANK branch2.0 hub. they would hate it if for every loyal customer who wants to risk $60 to buy a month of coffee, do you think starbucks too would put $60 into every loyal customrs joint bank account it has with said customer
no. at most starbuck would only put in $2-4, maybe. to cover any wire transfer fee's(onchain fee) for settling up the bartab. and maybe just enough to cover a 1 coffee refund/buy a friend a coffee amount
meaning starbucks who only has $2-$4 to lose with a counter part. and requiring customers to be honourable will have the upper hand of ensuring the customer signs first and bills get paid in a quick manner otherwise starbucks will give penaltie to the customer

starbucks would then put $6000 into a channel with another banker hub. and let the other hub handle anything bigger than $2 for larger routes
2466  Bitcoin / Bitcoin Discussion / Re: The Lightning Network might be Satoshi's original vision? on: May 03, 2018, 05:30:42 AM
In my understanding ,
Time Locking means the asset is frozen and may not be move for a set amount of time.
Is Yours any different?
it is not time lock it is Hashed Timelock Contracts. practically it gives the receiver  a time frame in which they can either acknowledge they have received the funds or return it automatically to sender.

just to interupt

LN relies on timelocks
timelocks is a broad term for several time lock features that are available. and LN relies on 3 different time locks for it to work

LN uses
Nlocktime
the CSV+CLTV
and HLTC

Nlock time to prevent a TX being accepted into a block until X blockheight

CSV+CLTV to, when added to a block prevent the new UTXO from being spent for a certain period to allow the counter party time to sumbit a revocation

and

HTLC for the in-channel routing to not treat a intermediary routed payment as 'accepted' until the final recipient has accepted.

HTLC is normally meant to expire in a few seconds
CSV+CLTV is normally meant to be treated as the equivelent of banks 3-5 day 'balance pending' settlement period to allow chargebacks before finally become 'available balance'
and Nlocktime is normally meant to be treated like a childs trust fund, where it cant be used before a certain date

and yes knitpickers im using very basic ELI-5 bank comparable explanations.. not conveluted technical buzzworditry to hide the reality like a few people keep trying to do
2467  Bitcoin / Bitcoin Discussion / Re: Transaction price Bitcoin on: May 02, 2018, 03:58:29 PM
lets see how long it takes before core fan boys pretend segwit and LN caused cheap prices.

even though the reality is that spam from mixers caused high prices to pretend segwit/ln was needed, just to force the bilateral split
major spam vents always happen when core need the community to react and upgrade to their bip
summer 2016(bip68+112), november 2016(sw'bfore christmas push'), summer 2017(bilateral split due to sw stagnation of only~35%)
coincidence?.. nope

oh and lets not forget now the spam has died because gmax told his mixer pals to calm it down post split.
that segwit utility and LN usage is below 10% so caused no actual impact.
https://blockchain.info/charts/avg-block-size?timespan=180days

yea even the big segwit advocates of BTCC have yet to trust segwit enough to put their block rewards on segwit addresses
1* address not bc1q* address
https://blockchain.info/block/0000000000000000000bff3438191e837cbd2870d049a3f9aeb5b922afd921dc
2468  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com Fixes its Webpage as the Lawsuit Gains Steam on: May 02, 2018, 01:01:53 PM
Nice to see they got scared and will not manipulate the investors now. But what about those who already got fooled by this person, will he compensate for their loss ?

i doubt there is any loss, people who bought bitcoin cash paid under $1.5k a coin

imagine it like
customer: "i want an appple..."
merchant: "thats 50cents... hands customer a fruit"
customer: "i wanted an appple iphone not this apple fruit"
merchant: "well you only paid 50cents so your not going to get a iphone. but you can pay the remainder of 698.50 and exchange it for a full iphone"

EURO customer: "i want an dollar..."
merchant: "thats 0.61euro... hands customer a australian dollar"
customer: "i wanted an american dollar not this australian dollar"
merchant: "well you only paid 0.61euro so your not going to get an american dollar. but you can pay the remainder of 0.20euro and exchange it for an american dollar"

customer: "i want a bitcoin..."
merchant: "thats $1400... hands customer a bitcoin cash"
customer: "i wanted an bitcoin core not this bitcoin cash"
merchant: "well you only paid $1400 so your not going to get a iphone. but you can pay the remainder of $7600 and exchange it for a full bitcoin core coin"
2469  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com Fixes its Webpage as the Lawsuit Gains Steam on: May 02, 2018, 12:44:11 PM
This is just a fake news to calm down the bitcoin community. If you visit their website the name remains the same and if you read it, it is still bitcoin.com and nothing changes. If you doubt my opinion then feel free to visit their website and check it yourself if they really have changed the name. So here is the link,
https://www.bitcoin.com/

let me guess. you think only america should own dollar.com.. oh and america should own dollar.au and dollar.ca all bcause you may feel only america should use the brand "dollar"

before rebutting with anything that resembles defending core and thinking bitcoin core deserve full and sole ownership of "bitcoin" ask yourself this
1. isnt handing bitcoin.com to one central group (core team) anti-decentralisation
2. replace the word "bitcoin core" with U.S dollar.. "bitcoin cash" with canadian dollar. and BITCOIN with "dollar"
then take a step back and run your argument through your mind.
imagine having that fiat argument about dollar and  america vs canada

P.S
try your hardest to not wear the U.S / core defensive cap when following point 2. instead wear a "bitcoin decentralised" cap
2470  Bitcoin / Bitcoin Discussion / Re: Should Bitcoin merchants help to keep our identity private? on: May 02, 2018, 12:22:25 PM
I really don't understand the argument 'If you have nothing to hide, why care about privacy'. There are plenty of reasons why you want to have a certain amount of privacy.  

my reply is always
OK mr government spokesman. im installing CCTV camera in your wifes bathroom. as long as she isnt doing anything illegal you have no reason to object??

(excuse my stripper/women in shower examples, its not my normal content of comedy, but it seems to many bitcoiners that this comedy category sparks their imagination to understand the underlying more serious points)
2471  Bitcoin / Bitcoin Discussion / Re: Should Bitcoin merchants help to keep our identity private? on: May 02, 2018, 12:19:28 PM
I have watched some videos on Youtube today and they were speaking about Crypto currencies and ways to track Crypto
currency users, through services that they use. Is this the weak link in the privacy chain? Should we ask Crypto currency
merchants to "change" their receiving addresses more frequently to make it more difficult to pin a specific address to a
specific service?

for merchant tools like bitpay. they use unique addresses per payment already.

If you’re the customer of a brothel where you routinely cheat on your wife and you pay the same receiving address in btc every time and the only thing they sell is sex then you’re in trouble.

EG. if the stripper has a QR code tattoo'd to her butt.. your wife can easily find out the exact stripper which ruined the marriage just by QR scanning the ass of all strippers while they are pole dancing until th right address grinds up.

solution:.. pimps, do not let your sex workers get a permenent tattoo of an address they are stuck with for the rest of their lives

It's not the service itself that you should be afraid of, It's the payment processor (BitPay in this case) which is pretty much used everywhere now. You could read this about the privacy and security concerns: https://bitcoinmagazine.com/articles/wallet-developers-express-security-concerns-over-bitpays-payment-protocol-policy/

the whole bip 70 is not a security flaw

what it is, is when you are at a merchant shopping cart YOU (not the network).. YOU are displayed a QR code. which is not just a bitcoin address but  a bitcoin address with a lil extra.

(its the bitcoin URI feature)
EG
bitcoin:1R4ndQm9ir2761987q7k3VcALC8YQ?request=https://walmartstore.com/r/aBcdE&order=123&memo=bakedbeans&value=0.0001

YOU and only YOU see this. its not something published onto the blockchain.
your wallet can then auto fill in not only address to send, but how much and what your buying.

your wallet can then send the signed TX through the normal network(not extra URI info).. and/or
send the signed tx+URI data as a pushtx api call to the store direct so that you can memo them 'deliver by 4pm'

again this is for you and your wallet to know what its for, not something that gets identifying info locked into the blockchain
2472  Bitcoin / Bitcoin Discussion / Re: Bitcoin $800 when shops/stores take Bitcoin on: May 02, 2018, 02:18:03 AM
shops/stores use things like bitpay to accept bitcoin

bitpay then do PRIVATE O.T.C swaps for fiat away from exchanges, and then shops recieve fiat.

in short places like bitpay dont affect the public exchanges, and thus you wont see massive sell off of coins on public exchanges due to shops/stores activities
2473  Economy / Speculation / Re: Is Bitcoin a Bubble? on: May 02, 2018, 12:31:50 AM
the 2 big qustions that keep coming up are
is bitcoin a bubble
is bitcoin an S-curve

the answer
its actually both...

depending on what your looking at.

if your only looking at the HIGH price of a given time. its a bubble.. the speculative hype and air which can inflate prices aswell as burst prices,
.. like a bubble.

but if you chart the price data and draw a line along the LOWEST prices long term you will see the true value. the part that no one is
stupid to sell below.

think of the long term lowest line as a water line in a bath.. its a point of resistance.. anything above that is speculative hot air that fluctuates (grows and pops)

we are still in the first decade of a many decade life of the coin. which based on things like coin supply (block halving events) and population saturation will  have the waterline in a S curve.. and then variable amounts ontop for the speculative bubble based on the small amount of coin moving on exchanges that ends up causing more volatile movements

anyway here is an image for the younger generation that can only understand images

2474  Economy / Speculation / Re: Bitcoin will go to $13500-12300$ because of this news on: May 02, 2018, 12:19:38 AM
so you qouted the prices.. well done. any kid can do that
but do you understand WHO or what those supports are. do you know any news beyond looking at a price chart and drawing triangles based on an arbitrary number that has no meaning (50day-200day)
do you even know why those numbers were picked. and also why they work for fiat but dont work for bitcoin

EG do you know the current cost to mine a coin to know what price pools will avoid selling below.. to know what support line mining pools sit at and would create. as their bottom line

anyone can just look at a chart and pick 2 random days of 20-30-50-100-200 days ago and create a triangle. but if you choose different moving average parimeters you will get different angled triangles offering different "predictions"

yea i know trend analysis is not about predicting the future but instead pushing out a slew of numbers hoping people with bots will sheep react to your scentiments for you to have a self fulfilling prophecy. but to put it bluntly

without screaming out prices of the past as your reason to predict the future. have you got any substance.

by the way
"close below $9000"
sorry but bitcoin exchanges never close. seems you grabbed a few FIAT buzzwords but have yet to understand that bitcoin is different
2475  Other / Beginners & Help / Re: Advice For New Comers To The Crypto Verse on: May 01, 2018, 11:21:28 PM
trading
ignore my use of market prices (8k9k) just used this post about the emphasis of small percentages and not putting all your funds()eggs into one order(basket)

lesson 1. dont risk more then you can lose/live without for a long period of time EG imagine you spend $25 a week on fast food.. ($100 a month, $1200 a year)
many people wont care to lose $1200 because in reality that amount just ends up as 52 bowel movements and flushed down the toilet.

so lets use that $1200 figure as a yearly investment
if the price of BTC appears at a healthy all time LOW, its a good time to buy.. NEVER buy when its near a all time HIGH.

next dont have it in mind that you will day trade, and then hold out to only sell when you see 50%+ profit
instead notice the charts and you will see there are healthier less risky 1%(~$95) swings happening more frequently/hourly
take this week.. prices move from $8800-$9250(5%) in just a few hours

so lets say you have $1200 dont throw it all into one order.. risk only 5% per order. (emphasis: dont throw all $1200 into one order)
even if you put in $120 at $8800/btc and sell for $9250/btc. thats $6 profit
if you done that 3 times a day,($18).. 7 days a week ($126) within 10 weeks you will have $1200 EXTRA, just by playing with one allotment of $120
and not evn touching the other $1080

why is this important.
imagine you bought $120 of bitcoin at $8800.. but then the price went down.. well you have 9 other 'allotments' of $120 to buy at the next cheapest price.
so you leave the first allotment to sell at $9250 and then use another allotment at the new low. then set that at a 5% profit point

or be even more risk adverse
buy $12-$120 of btc and sell even faster at 1-3% variance and repeat more often .. yes it soon all adds up, and your taking less risk because you then have more spare allotments if the price goes down, and your not waiting as long for the price to go up, because your selling at a less higher %

again dont think a one time trade for huge profit. think little and often and it addsl up over the year. the total will end up being more than $2400 returns without having to wait for one order to go to $14k-$18k/btc

EG
$12 with a 1% variance per hour = 24%($2.88 a day from one $12 allotment) or $28.80 profit a day if you have play with $120.. or $288 if you are using all 10 allotments of $120

which over a year.. well
only using 1% of your funds ($12) to make 1% rinse anad repeat profits multiple times a day($2.88) =$1055 profit next year.. from just 1% of funds at 1% per trade.. while not risking all of the rest of your funds

.. there is alot of psychology involved in it. and also controlling your greed by NOT thinking you can make even more buy increasing either how much you put per order line or increase the % before your willing to sell.

many traders if their entire investment is $1200 would never make an order of 0.125btc, and its why you see alot of order lines of 0.00125 or at most 0.0125btc (as an example of todays prices and the investment example amount) because many of them small order lines are all one person that split his stash up

in short
1. dont throw $1200 into an order and wait a year hoping to turn $1200 into $2400 by waiting for todays ~$9.5k/btc to rise to $18k/btc
2. dont throw $1200 into an order and wait for weeks/months for 50% by waiting for $14k/btc
3. buy $120 of btc and sell for 10% high a couple times a day/week, knowing if the price drops you still have spare cash to buy the new discounts
or if you want to really day trade(multi trade per day)
4. only using 1% of your funds ($12) to make 1% profits rinse and repeat multiple times a day

last lesson. dont forget the trade fee.. if a buy fee is 0.25% and a sell fee is 0.25%.. and you want to do many 1% profit trades(day trading) set your sell price as 1.515% above the price you bought at (as a rough guide) to cover fee costs

edit: while writing this the price moved more than 1% in 10 minutes
2476  Bitcoin / Bitcoin Discussion / Re: Bitcoin is rare on: May 01, 2018, 11:02:37 PM
another thing no one has pointed out

though there are 17mill coins that have been produced. and actually the number of coins lost is still unknown. (many ar long term hoarders but DO have access)

the real thing to point out is that the price is NOT based on the supply of ~17m coins..
the price is based solely on th few hundred thousand coins sat on order lines of exchanges causing support/resistance points depnding on how many coins sit at particular ordr prices.
again only a few hundred thousand coins, not 17m. cause the 'supply demand on exchanges'
2477  Bitcoin / Bitcoin Discussion / Re: decentralized systems on: May 01, 2018, 10:43:00 PM
bitcoin has solutions already

using a wallet that has a HD seed

take the 12-24 words(depending on wallet). and use that for your main hoard/savings

then the easy part.. change the final word
now you have a fresh wallet aswell. get the address of the new wallet and fund a small 'daily spend' amount on that new wallet seed address

then if under threat give him the 12-24 words where the final word is the new word..(dont give the main(original) word seed)

or if you are using the old legacy private keys. just have 2 private keys. one for main hoard/savings.. one for daily spend/small risk amount


more technical:
time locks do exist. multisigs too.
you can set funds that can only be spent in 10 days time using 1 key... but spent any time using 2 keys
but this is alot more involved in you having to do stuff to set it up and maintain the security (depending on how short the time locks you put on it)

so first idea is easier to implement, by just having 2 addresses. one with a small disposible amount your willing to disclose under threat
2478  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Scammed coins added in bounties on: May 01, 2018, 09:32:35 PM
wild west of no due diligence (no KYB  (know your Business))

many ICO's claim to be fundraising for a company. if so then that company should release PROPER real world office location information
many ICO's claim to be insured. if so then they should publish insurance company that the policy is with and the policy number

that way people have something to research and to due diligence(KYB) before investing. and...
that way if things go bad investors have something to go to and slap a court order/insurance claim against them

if they are ICOing a decentralised no company coin. then be very prepared to lose everything. 99.9% of these coins have no real function and utility and 99% will not even flourish into actually being a tradable coin at release date.

so be careful
2479  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com mobile wallet is a fraud and everyone must report it. on: May 01, 2018, 08:44:44 PM
yet another topic trying to get core centralists to own "bitcoin"

so here we ago again
NO ONE ONES BITCOIN. and core definetly should not. this is all just a ploy to hand the brand and trademark to one central team

bitcoin is like dollar

america have dollar
australia have dollar
canada have dollar

in normal conversation a canadaian CAN happily say they have dollars in their pocket but it aint U.S dollar
in normal conversation a american CAN happily say they have dollars in their pocket but it aint canadian dollar

an australian forex CAN put.. "buy dollars or buy U.S dollars"
an american forex CAN put.. "buy dollars or buy A.U dollars"
a bitcoin core exchange can put buy bitcoin or buy bitcoin cash
a bitcoin cash exchange can put buy bitcoin or buy bitcoin core

EG
if a european wants dollars, so the conversation is.. "do you want U.S at ~0.8Eur/$ or A.U at ~0.6/$"
if a fiat holder wants bitcoin, so the conversation is.. "do you want core at ~$9,000k or cash ~$900"

so the conversation is there is U.S dollar AND A.U dollar
so the conversation is there is bitcoin core and bitcoin cash

there would only be fraud if Australia was selling australian dollar at the american dollar rate

there would only be fraud if bitcoin cash was selling bitcoin cash coins at the bitcoin core rate

an american can say "i got 99 dollars but a A.U dollar aint one"
an australian can say "i got 99 dollars but a U.S dollar aint one"

an american cannot say "australia is fake,fraud, non existant, a myth, a dream they dont have dollars"

once you stop being a foolish sheep protecting core as a centralist group... and instead ignore the core team and think about DECENTRALISATION and noone should own bitcoin. then you see that this social drama of lawsuits/banning/reporting. is just cencorsip to drive out consensus/decentralisation/competition.. and just promote centralisation towards the core team becoming a monarchy

so, how did it all occur you may ask..

the 2017 event was a bilateral split instigated by the core team and their partners (blockstream: samson mow... Bloq:jgarzic) to do a bilateral split where BOTH SIDES become an altcoin
yes both blockstream guys and bloq guys(the main paid devs involved in core) who are all paid by the same investors created both bitcoin core and bitcoin cash
yes we all know that the core team are point fingers at jihan and ver.. but it was actually BLOQ that made bitcoin cash.. yes thats how desparate to cause propaganda they are that they wont admit their own partner made it

anyway the bilateral fork..
unlike UNILATERAL forks like clams. .

its not a
_________________core
            \_________cash
(unilateral)

or a
             _________core
_______/_________cash
(unilateral)

but was a
           __________core
______/
          \__________cash
(biilateral)

yes BOTH sides split

this whole thing would not have happened if the bilateral split did not occur and REAL consensus was used. but no.. core hated that they only had 35% of the vote and so forced a bilateral split using their partner and then tried blaming a third person.
(facepalm) at cores shadiness to try making bitcoin centralised


so. the solution is simple..
when thinking of bitcoin. think of it as the same conversation you would have travelling around the world and talking about dollar.
"is that U.S, A.U. CAD your talking about/want"

then things become simple

if anyone sent coins to the wrong address.. just get the private key from the wallet and use it on the correct wallet for the coin that got sent

as for the lawsuit.
(analogy) i doubt anyone bought a A.U dollar at a U.S rate
(analogy) i doubt anyone bought a U.S dollar at a A.U rate

i doubt anyone bought a bitcoin cash coin at a bitcoin core rate
i doubt anyone bought a bitcoin core coin at a bitcoin cash rate
so no fraud.
2480  Bitcoin / Bitcoin Discussion / Re: Is it Okay to Add a watermark for document submit to KYC ? on: May 01, 2018, 06:58:18 PM
there is no regulation/law that prevents watermarks
as long as the watermark does not cover the information on the identity

EG a photo should only watermark over the shoulders/below the neck area so they can stil see the face to compare to other faces

usually best water mark it with the service your sending it TO
EG
"submitted TO coinbase". when sumitting to coinbase

that way if a naferious coinbase temp/employee tried making a bitpay account using your ID. bitpay will see its not a fresh submission but ID grabbed from coinbase. which would usually raise red flags

it also helps if bitpay then contacted you. you can see that your ID was stolen/cloned via coinbase and not via other services you have signed up to

most countries KYC policies dont actually do anything with the identity. they dont pass it onto authorities nor do checks at the application stage.
meaning you are not being vetted and scrutinised at application stage. they just need an identity on record for 3 reasons:
1. it stops people making more than one account
2. when issues do arise, its harder to then ask for ID.. compared to asking upfront and then only using it if problems arise
3. it scares away naferious people for even signing up as they fear their nefarious future actions will haunt them later

in short most services just store it and only do checks if red flags are raised. the only real time there are checks done is if the business offers
services that can cost them money. EG offering credit/loans/bartabs. a business will want to chck if your able to handle repayments, had court issues they need to know.

but straigh 1 for 1 swaps with no loans or delayed payment usually doesnt need scrutiny. and as such just having ID with readable information on it is enough
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