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2581  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: GRYPHONXCHANGE--- A NEW MODEL FOR THE CRYPTO ERA on: April 20, 2018, 01:37:54 PM
another scammy ICO thinking it can protect itself by having a "policy".
sorry DW but the FCA will be on your ass faster than a fly on warm dogs mess.

you are not even FCA complient even if you were going to pretend you are honourable.
after reading your policy which is full of red flags, your lack of concern for running a legit service, the lack of "insurance" details. you really are throwing yourself into a legal black hole of being arrested and charged for atleast 3 UK financial crimes when things turn bad.

are you really that dumb or just that greedy that you just dont care. because its pretty obvious you have not even bothered to even look at the technical stuff of running an exchange.

how about going back to being just a website designer, because you are out of your league with your scammy ICO/exchange
2582  Bitcoin / Bitcoin Discussion / Re: What will happen if two mining company unites on: April 20, 2018, 12:01:40 AM
back in satoshi's day (cpu mining) the concept was:

if a miner could out pace other miners then that miner can then make some nasty changes. but that concept was flawed because it would need the community as a whole to accept the block as valid and not reject it.
which is where the concept was extended to explain that if other nodes who CPU mined also had the same new code and over many blocks there was a clear majority of which blocks were accepted over all. then that majority became the main chain. and most users would need to react and either update their node to join.. or if the new rule was nasty. not upgrade and just treat it as an altoin of more hashpower but less real world utility(not let merchants adopt nasty new rule)

same thing for GPU pool mining. even if many miners grouped together to out hash the rest of the community. the main payment services (coinbase/merchants/bitpay/exchanges) needed to also have the code for the new rules otherwise the blocks were deemed invalid and pools couldnt spend their rewards with their favourite merchants/services

the worse to occur was high reject/orphan rates which eventually gets the rule breaking pool IP banned and thus they only communicate with their like minded peers.thus making their own altcoin. the community that sticks to the old rules may suffer a delay in the average block time until difficulty adjusted

now that mining is no longer '1 node 1 miner' because ASICS dont hold the blockchain and nodes dont themselves mine directly. pools really do need to persuade the community to download a new node client version, with the new rules for the blocks to be acceptable.

this is why running a node is important. pools could make blocks of 200coin reward. but if no one in the main communuty accept such block. a pool cant really spend that block and thus they are wasting electric and ASIC hashtime making blocks the community (metaphorically) throw in the trash within 2 seconds

this leads to the 'rule breaking' pool to decide to either carry on with their altcoin and then develop exchange/paymnt service relations with merchants to accept their new coin network.. or stop mining the new rule (kiling the alt) and going back to mining the old rules just to atleast have the normal block rewards accepted by merchants, to cover pools mining costs
2583  Bitcoin / Bitcoin Discussion / Re: Will bitcoin have trouble in evolving and keeping up? on: April 18, 2018, 12:27:09 PM
another part of bitcoin evolution is the floppy disk argument

1995 floppy disk: "i can only hand just over 1mb, you cant store more without a central computer, so dont even try evolving distributed media"
2018 400gb microxd: "if we listened to you the usb/flash industry would not exist and i wouldnt be here.. well i exist and people can hold 285,000 more then a floppy in less physical plastic then the floppy"

if we continue with the 1mb base vs 1gb block argument. blockchains will stagnate.. what the small blockers done to stagnate legacy tx's is say its impossible to go to 2mb then 4mb then 8mb then 16mb over time.. by trying to push the 1gigabyte block FUD

all so they can persuade people the only way forward is co-signed transactions with hubs(banks2.0)
- and dont rebut that LN only needs 1 channel per person. hop model does not work. users need many channels(hub) to ensure reliable service.
- and dont pretend LN has anything to do with blockchain. LN is offchain. like depositing into coinbase where user and coinbase both need to agree to withdraw funds(in laymans terms)
-bitcoin(using blockchain) has stagnated..

 
2584  Bitcoin / Bitcoin Discussion / Re: Ideas for a Killer Bitcoin APP or GAME? on: April 17, 2018, 10:18:26 PM
It should be oriented towards gambling, I think. Let's say CS Go Lotto with Bitcoins. Players want to gamble in games, but it's illegal. Bitcoin can circumvent it.

theres already lotto things and gambling for bitcoin. infact theres gambling for fiat apps.. but they are not special/new/different/killer
we need to think of things that are new/different
2585  Bitcoin / Bitcoin Discussion / Re: Ideas for a Killer Bitcoin APP or GAME? on: April 17, 2018, 07:44:11 PM
people can set up their own vendor station(market stall) and sell real goods that get delivered to real addresses, intreacting with others in a virtual environment

what about OpenBazzar?
it is doing the same thing. people can set up their own "Bazzar" or marketplace and start selling anything they want and customers pay with bitcoin (and i think a couple of other altcoins were also added).

but going one step further by having it in a virtual game GUI .. so yea.. get team open bazaar and team dragons tale to work together and create something
2586  Bitcoin / Bitcoin Discussion / Re: Ideas for a Killer Bitcoin APP or GAME? on: April 17, 2018, 03:30:10 PM
imagine dragons tale. (im guessing you kprawn have been around long enough to have come across dragon's tale to envision what im about to say)

but instead of kicking a trashcan or buying seeds. people can set up their own vendor station(market stall) and sell real goods that get delivered to real addresses, intreacting with others in a virtual environment

making it a bitcoin virtual mall for real online shopping/home delivery
it already a bitcoin game and wont take much alteration to slip in more stalls for merchants to communicate with customers. as the bitcoin paymnt part between users is already part of the game
2587  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Halal or Haram: A Shariah Analysis on: April 17, 2018, 01:56:44 PM
bitcoin is a currency (asset class currency) and not a gambling token(poker chip)

so bitcoin is halal, as is the dollar a currency and not a gambling chip so the dollar is halal

the confusion comes when governments say that bitcoin is not recognised as money. but the same goes for the dollar
you cannot pay national taxes in sharia countries using the dollar.
you cannot pay court fines in sharia countries using the dollar.

this is not about halal or haram. this is about the legal tender.
only the national currency of the country is legal tender of that country. this does not mean other currencies are then haram. it just means its not a nations national currency.

so relax. a nation not accepting a currency to pay fines/taxes does not make a currency haram.

i emboldened and enlarged the most important thing the OP wrote
Quote
National Law Supersedes Shariah Permissibility
Although Bitcoin’s properties and increasingly wide acceptance qualify it as Islamically permissible “customary money”, Bitcoin is not permissible as money in jurisdictions where government law or mandate forbids Bitcoin or prohibits Bitcoin’s use in payments.

The Republic of Indonesia issued clarification in January 2018 that all payments within Indonesia must be in Indonesian Rupiah, and therefore Bitcoin is not allowed to be used for payments. However, this clarification should not be seen as an anti-bitcoin stance - the same legal tender laws in Indonesia also forbid gold, silver, US Dollars, and Euros. It remains legal to buy and sell Bitcoin in Indonesia.

2588  Economy / Speculation / Re: What would be the effect in price of Bitcoin if Mid. East will adopt it ? on: April 17, 2018, 01:41:11 PM
how about this for out of box thinking..

instead of crying about how banks wont adopt bitcoin yet we value bitcoin vs the dollar. and thus other FIAT currencies then convert the dollar fiat to their own countries fiat to then value bitcoin against their own currency. thus making the dollar more significant than bitcoin

how about WE as a community decide to ditch the dollar, because right now even in america itself there is a disparity of using the dollar as the measure. in arkensaw (min wage=$8.50) and in illinois($10)
arkensaw has to work over ~950 hours where as illinois only has to work ~810 hours

so again, how about WE as a community decide to ditch the dollar and measure bitcoin against, either:

cost of living:- lets say right now today that a bitcoin is 900 hours of labour.(where markets then buy/sell in hourly increases/decreases) so that everyone around the world can get a bitcoin for the same labour time no matter what their fiat vs fiat rates are

barrel of oil:- oil is a dying industry.. but we could measure it as being that we are willing to buy 100 barrels of oil for 1btc

id say its far more easier to petition our own community to get bitcoin exchanges to swap the measure. than it is to cry and sit on hands hoping banks/opec take the lead and control of the price
2589  Bitcoin / Bitcoin Discussion / Re: [Discussion] Shocked positive increased of bitcoin,take it and run or just stay? on: April 16, 2018, 10:28:20 PM
I can't believe that you guys are still so short-sighted. You always remember only a month back and that's it. When the price starts to go down after an ATH you cry that it's crashing, even though it only corrects to the value from 2 or 3 months back and you're still ahead every single year! When the price starts to rise after a fall it's all the same with you, you see only that a month ago it was lower and start thinking about selling. It doesn't matter that 2 months ago it was 2 or 3 times higher, all you care about is here and now.
A year from now, when it's much higher, you're going to start sad threads like: I should have bought in early 2018. Sad

its because most people are not told what bitcoin is really about.. they are just told that a friend of a friend of a friend doubled their fiat in a month.

too many people only se bitcoin as a vessel to 'get rich scheme' their way back to fiat.
2590  Bitcoin / Development & Technical Discussion / Re: Is lightning really the answer? on: April 16, 2018, 10:24:19 PM
bitcoin original ethos/purpose.. electronic cash, the borderless, open, payment system

then comes along people who are most definetly more fans of core/blockstream than bitcoin..
No one forces you to use Bitcoin, so if you believe that an altcoin serves you in a better way, then definitely go for it.
translation:
if you dont like core/blockstreams roadmap that has screwed bitcoin.. go F off
2591  Bitcoin / Development & Technical Discussion / Re: Is lightning really the answer? on: April 16, 2018, 10:21:00 PM
You clearly don't understand how LN works.

1. It's true that you connect to another person through nodes, but that doesn't mean the nodes hold your Bitcoin.
2. Clearly LN is different with banking system since you can connect to another person more than a way (if available) and LN HLTC (hashed timelock contract) is encrypted.
3. Without LN or other side-chain solution, Bitcoin can't scale to the VISA/global transaction level. Even with increasing block weight (not block size), this will disrupt decentralization.\

Some links that might be useful for you :
https://medium.com/@The1Brand7/lightning-faq-67bd2b957d70
https://hackernoon.com/an-overview-of-lightning-network-5a46cf3689f6

seems you dont understand it..
lets say Alexksso, bitart, ichardsNY and ETFbitcoin were using LN

[alex:bitart]  [bitart:ETFbitcoin]  [ETFbitcoin:richardsNY]

alex puts in 0.1btc
bitart only has 0.2btc to deposit
ETFbitcoin only has 0.005btc
richards has 0.1btc
[alex:bitart]  [bitart:ETFbitcoin]  [ETFbitcoin:richardsNY]
  [0.1:0.1]       [0.1:0.0025]            [0.0025:0.1]

now bitart wants to pay 0.1 to richardsNY
but ETFbitcoin cant route it.. ETfbitcoin only has 0.0025 to pay richardsNY
so the payment cant be made from bitart to richard

now bitart has to close the channel costing him on onchain fee. to then open a new channel with someone else to move those funds into a possible route  with diffrent people that could

..
or imagine this
[alex:bitart]  [bitart:ETFbitcoin]  [ETFbitcoin:richardsNY]
  [0.1:0.1]       [0.1:0.0025]            [0.0025:0.1]

alex wants to pay richardsNY 0.0025
ok theres enough funds per channel to route the paymnt.. lets do it
[0.0975:0.1025] [0.1:0.0025]  [0.0025:0.1]  alex pays bitart
[0.0975:0.1025] [0.0075:0.005] [0.0025:0.1]  bitart pays ETF
[0.0975:0.1025] [0.0075:0.005] [0.0:0.1025]  ETF pays richardNY

ok the payment is complete alex paid richardsNY 0.0025
.. now the problem
bitart no longer has 0.1btc of his own funds to pay either ETF or richard
ETF has 0 of his own funds to pay richards

all because alex made the route useless.. so now bitart and ETF have to close channels to re-agregate their funds in new routes.

LN is not a constantly open, not limitless utility, not send any amount.
channels will need to be closed and opened more often then people thing.

imagine you had a joint bank account.. you deposit $100.. but then your wife wants to buy coffee for all of her friends using your joint bank account..
even if you put a limit of $5 per payment.. your wife simply makes 20 payments of $5.. and your funds are gone before you yourself even got to spend your own funds 

now your wife has to close all her joint accounts with her frinds to re-agregate the funds into your joint account. and you then have to re-agregrate your account with the coffee shop so that you have funds if you ever want coffee for yourself.

in short.. look passed the utopia of the white paper. and actually run scenarios

a few people that dont want to run a node and learn command lines. can do it simple with a few boxes of matches. or even pen and paper
2592  Bitcoin / Bitcoin Discussion / Re: [Discussion ] Shocked positive increased of bicoin,take it and run or just stay? on: April 16, 2018, 08:08:01 PM
Bitcoin is very different to these currencies in that it is intended to be a global currency. You can argue one way or the other what that should mean for people's perceptions on volatility but there's definitely a difference to more traditional one country currencies. I think the key point you were trying to get at but slightly missed is that bitcoin price in FIAT is not relevant if it is to be used properly. If the £ increases 20% versus the dollar, it doesn't buy you 20% more bread in the UK and that is what most people care about. The same can be true for bitcoin if it reaches its true potential. x amount of BTC will be worth x amount of some relevant good, the price in FIAT will become obsolete.

i didnt miss the point at all
even since i started in 2012 i had the notion that measuring bitcoin to the dollar is a failure

i have said many times over the years of this forum that if bitcoin was measured as a cost of living index the volatility would not be noticable even if the FIAT valuations jumped 15-30%

so if we take away the bitcoin<->$£ valuation and instead replace it for a btc<->'COL'(cost of living index).. or to put it simply 1btc=10,000 loaves of bread..

imagine a common measure that can be used in all countries.
now here is the idea
imagine cost of living was a measure of minimum wage of whatever counntry yo were in multiplied by 40.
this would give you an estimate of your native cost of living.
now imagine that for instance instead of a dollar reference, we simply had buy and sell orders based against that measure.
thus right now bitcoin is about 1.5 'col'

my notion is forget fiat pricing.
if we measured things against cost of living where say right now no matter where in the world you lived 1btc was worth
8000 loaves of bread or 1100 hours of minimum wage

th markets would all act differently

it can change the world of economics and people will start to see that its FIAT that volatile
you would start to see people arbitrage the FIAT to get better deals of bitcoin.. rather than arbitrage bitcoin to get better deals in fiat
thus by switching the direction of arbitrage between the different FIATS to get bitcoin.. the end result would be that everyone could earn the same thing and buy th sam thing around the world.

i even remember mentioning the disparity between states of america.. where today 1btc is worth 1100 minimum wage hours in on state.. while right now in another state 1btc is worth ~550 minimum wage hours..
think about it.. if you lived in a state that offered $7.50 working in mcdonalds.. you would need to work 1100 hours to get 1 btc.. meanwhile in another state where minimum wage was $15.. you only need to work ~550 hours
same country, same fiat, same job, same company.. but having to work double the hours.. FIAT is the failure.. not btc

 


the obsession with fiat profits is the problem

but while we remain dislusioned to measure
bitcoin -> $$ -> bread
instead of
bitcoin -> bread

we are not changing ecomony or even helping bitcoin be a 'uaable' means of paying for goods
2593  Bitcoin / Bitcoin Discussion / Re: [Discussion ] Shocked positive increased of bicoin,take it and run or just stay? on: April 16, 2018, 06:33:58 PM
if everyone would please stop getting shocked about 1%-15% price movements
this is normal.

take fiat last year and the year before that
US$  GB£   165-150 (15%)  most brits do not even care/notice. half of media do not make a big deal
by this i mean cisitizens dont care but some media report it but its not the main story of the day..

US$  GB£   165-135 (30%)  most brits do not even care/notice. most media reported that it was due to brexit.. even when the truth is it was related to shifts in the IMF's sdr
.
by this i mean cisitizens dont care but many media reported, but couldnt explain the real reason and thus they FUD it to link to other controversial stories that are happening to try and make it into bigger news

in the end.. people still buy bread. milk toilet paper.. the world didnt end when fiat moved 30% last year..

so lets do the same with bitcoin and not care when prices move 1%-15%, just treat it like normal trading waves.



2594  Bitcoin / Bitcoin Discussion / Re: Can you please help me understand this on: April 16, 2018, 02:33:06 PM
addresses starting 'bc1q'  are segwit addresses
2595  Bitcoin / Bitcoin Discussion / Re: transaction fees after segwit on: April 16, 2018, 09:01:29 AM
low fee's are due to intentional spamming by mixer bots stopping..
not due to segwit.

though segwit is activated. the actual adoption of people using segwit addresses is too low to cause impact. which is the major thing that made me laugh. it seems the amount of actual community that trust segwit is low.

even the pools that were loud advocates of segwit are still afraid to even put their block rewards on segwit keys
heres BTCC pool
https://blockchain.info/block/00000000000000000017733b93cbe6b8f2852ea560f9b4c12a1ab1995487363b

1) thier reward address is legacy (begins with 1..) its not segwit(begins with bc1q)
2) they also are not filling their blocks (64kb), which is why fees are low. because there is no spam
2596  Bitcoin / Development & Technical Discussion / Re: How do you keep your mnemonic phrases? on: April 15, 2018, 04:06:54 PM
OK, this would sound noobish but I'm interested to know how other people keep the mnemonic phrase generated by the wallet. I do have the wallets secured with a pw and backed up (still not enough to warrant a hardware wallet) but I also have the passphrases handwritten in paper (someone said be wary of printers) and stashed somewhere but I'm wondering if there's a better way to keep them.

I don't know any cryptography but I'm thinking of shuffling the words rather than writing them down in order. Like a 12x12 grid where I'd spread them out in certain patterns and then finished with filler words. Since it's no longer as straight-forward should anyone get their hands on it, I think it would finally be safer to keep digital copies of it. Any suggestions?

some people keep 11 of the 12(23 of the 24 dpending on which format of seed you use) as digital.. and the last word remains in your head/offline as the final access password

they also set up a completely different 12th(24th) word(as a surrogate) with just a few satoshi's on that seed phrase incase ever physically aproached by someone with a hammer or gun demanding the whole 12(24) words... you simply give the 11(23) normal words. plus the surrogate 12th(24th) word to get them to leave you alone saying its all you have... knowing it would only cost you a few lost sats to be left alone

then you can use the 11(23) words plus the main 12th(24th) word later to get to your real hoard

2597  Bitcoin / Bitcoin Discussion / Re: why people think that bitcoin is buble coin ? on: April 15, 2018, 03:53:50 PM
bubble does not mean empty. fake..
eg. houses are real things that people live in, house prices are naturally expected to increase, but there have been housing bubbles

in short.
look at the last 12 months.. find the LOWS of crtain periods in that time. and draw a line. the lows are considered the real value..
then when you see a unnatural spike up in the price that is a bubble

but just calm down, as i said bubbles happen everywhere like houses, but houses will always exist

This is right in chart technical analysis, But I believe that bitcoin was excepted to the general rule since BTC is ground breaking technology and it is normal that it will show some abnormal price hike. People see what the future of bitcoin that's why many invested. It will always be a bubble if we look back in initial price of BTC always and not the future use of bitcoin. It's up to the person perspective if it's a bubble or not.

you dont get it..
the technology is not a bubble.. things are not in a permenant bubble..
a bubble is a small piece of time where something is grossly OVER valued.

EG houses are real
EG tulips are real
but at certain times the market prices of those thing can go exceptionally high real fast. which is the bubble..
bubbles are about temporary speculative unnaturalhigh prices..

and before you try to reply.. what might have been a ATH bubble 2-4 years ago... might now be below this years alltime low. EG 2013-2014's $1200 ATH was a bubble..... but now with $6000 being tested as a good low for an ongoing period.. $1200 today would be classed as under valued, where as $20k would be this years bubble

again.. get the all time low of each 3-6 month period... draw a line.. call that the bath water of value.. expect a thin skin of foam on top for a bit of speculative stirring of the water.. but when you see a big mountainous lump that looks out of place. thats a bubble.
2598  Bitcoin / Bitcoin Discussion / Re: why people think that bitcoin is buble coin ? on: April 15, 2018, 02:30:22 PM
bubble does not mean empty. fake..
eg. houses are real things that people live in, house prices are naturally expected to increase, but there have been housing bubbles

in short.
look at the last 12 months.. find the LOWS of crtain periods in that time. and draw a line. the lows are considered the real value..
then when you see a unnatural spike up in the price that is a bubble

but just calm down, as i said bubbles happen everywhere like houses, but houses will always exist
2599  Bitcoin / Bitcoin Discussion / Re: Interesting Trivia on Bitcoin fork on: April 15, 2018, 06:33:10 AM
10. CLAM

if you start including altcoins like CLAM in the list of altcoins that forked from bitcoin then the list will grow as big as nearly 700 coins since all of them forked from bitcoin one way or another. and you can even include secondary forks like the fork of forks (eg a fork that was created from LTC) then the number grows even bigger.

the difference between a fork and a crapcoin is this:
crapcoins made by copy/pasting bitcoin code without any innovation restart at block 0. retaining no transactional data.
however a fork retains historic transaction/block data upto a certain date before they go in their separate direction
2600  Bitcoin / Bitcoin Discussion / Re: can bitcoin pave the way to a democratic voting process? on: April 15, 2018, 06:05:01 AM
using blockchain for just one event every 4 years seems a waste of oppertunity

imagine every new law got a public vote. thus not needing houses of representatives/commons to vote for us.

the issue with old voting systems is getting enough people to take part of their day off work to vote, for there to be enough of an electorate for it to count.
but we now live in a technological time where people dont need to take time off to visit a polling station to vote. people can vote anywhere, anytime.

the only issue with technology a decade ago was preventing double voting (eg calling a hotline 2000 times to vote for america got talent)
which again is an old problem that has a solution.

if a population was given a blockchain based ID then blockchain voting can be ethically done and self audited, meaning it becomes free to use to make many rapid decisions more often than just once every 4 years
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