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401  Bitcoin / Press / Re: [2017-04-18] Belgium to Restrict All Transactions with Bitcoin on: April 18, 2017, 04:14:26 PM
This could be more serious than it seems at first.  Brussels is the capital of the EU and the EU already has a pretty bad stance on cryptocurrencies.  If Belgium wants to ban it, it could get through to the EU and other countries could be banning it left right and center.

Western countries banning cryptocurrencies could be a huge chain reaction.  If one country bans it, the people who use it in that country will then mostly be using it for illegal activities, which would result in other countries thinking the same thing about people finding potential to be anonymous with it and then more and more countries could be treating it negatively.  Belgium isn't a big country but this could have worse implications than we would think at first.
402  Bitcoin / Development & Technical Discussion / Re: Looks like Bitcoin will remain as it is for life on: April 18, 2017, 03:59:54 PM
LAST 1000 BLOCKS :

Bitcoin Unlimited blocks: 373  ( 37.3% )             
Bitcoin Classic blocks: 2  ( 0.2% )             
SegWit blocks: 275  ( 27.5% )

Conclusion: The majority of miners support bigger blocks

https://vote.bitcoin.com/arguments/block-size-limit-should-be-increased-to-8-mb-as-soon-as-possible

Conclusion: The majority of bitcoin holders supports bigger blocks


Core needs to either increase the block size, or miners (acting in their own economic interest) will start using an alternative client, and they'll become irrelevant. Its really that simple
Not at all.  Your argument is that the majority of miners support bigger blocks, but a better phrase would be that a majority of the mining hashrate supports bigger blocks.  The mining hashrate is represented by a small group of pools, and since miners typically gravitate towards their own interests they will go to whichever pool they prefer rather than, necessarily, to the one which supports a specific scaling solution as many don't care.

In fact, SegWit currently has a marginal lead over BU due to F2Pool beginning to signal for it.  What matters is how much hashrate is favouring each side, not how many blocks have been mined for each (as the number of blocks is subject to variation so you have to measure it over a longer timespan) and with the addition of F2Pool, the hashrate currently is supporting SegWit by a small margin.

The miners don't even represent the community either.  No one can reasonably claim that the miners' interests are always that of the community and a reason for supporting a cause should never be "other people support it so I do too".  It should be because the system holds weight as an idea and in code.
403  Economy / Scam Accusations / Re: BitMaker App Scam! on: April 18, 2017, 03:39:54 PM
Yes latest scam . My payment has been withheld from laat 10 days.
Really don't need to make an alt account to shill for a scam accusation.  You'll need evidence or it won't hold any weight.

Actually, back when I was dabbling with faucets a little while I used that app and I did get a withdrawal from there.  A couple of months ago before I deleted it, I remember the threshold rising from 10,000 satoshi to 50,000, withdrawals being processed less often and lowered payouts.  They might have been struggling with money and potentially with the fees on the network as well.  They could have turned scam I guess, but you'll still have to prove it.
404  Economy / Service Discussion / Re: Is fairpumps legitimate? on: April 18, 2017, 03:24:58 PM
https://bitcointalk.org/index.php?topic=756764.0

It seems to be a quite old group, so if they are still pumping after over 2 years it has to be real. Whether it's worth it to pay the fee is another thing, as their pumps could as well be financed with these fees.

With Bitcoin and unregulated online businesses like those, they could be a scam or stop being a scam at any time.  Even if they're lasting for a really long time they could still be a scam.

They could even be legit but just be a site that follows another group which is more private and announces the pump when they do. 

No matter what their situation is, pumps and dumps are some really shady activity which you probably shouldn't be taking part in and for everyone who succeeds, someone else is going to fail (and there's very little skill in it, you could be dumping at the right or wrong time based on a matter of seconds).
405  Bitcoin / Press / Re: [2014-04-18]Jihan Wu: Chinese Government Won’t Aggressively Regulate Bitcoin on: April 18, 2017, 03:14:22 PM
Jihan Wu is hardly a good source for what the Chinese government will or will not do.

He's a charlatan that pumps his own agenda, based on his mining concerns and chip-fabbing business. Naturally, he can only see an outcome where he can keep being a monopolist.

He pumps his own agenda, but that doesn't mean that he's naive and would just think he'll always succeed.  I do think that he has a point.

The Chinese government has constantly been changing their stance on Bitcoin in confusing ways for years and usually I just think they're trying to cause some price change that would be as profitable as possible for them.  For all we know they have a pretty significant stake in Bitcoin.

Clearly most of the regulations they're trying to implement on Bitcoin are trying to stop new investors getting caught in scams and Goxes.
406  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 18, 2017, 05:43:32 AM
I think an underlying vulnerability in the exchange ecosystem right now is Tether, specifically its legality under banking laws in the various countries where exchanges are established and using Tether.  Pegging an electronic token to the USD as a service to depositors is about as close as you can get to a bank without actually being a bank.

tether is simply irrelevant because it is not being uses as much as you think it is. the volume that it has indicates it very well.
this is a new thing that i have been seeing you and a couple of rather newly created accounts are saying! and honestly i can't see how we can even start talking about USDT while there are a lot of other things wrong with these platforms that are much bigger.
I don't know why you think that but according to coinmarketcap it has the fourth highest trading volume, only after Bitcoin, Litecoin and Ethereum.  It's responsible for about 4% of the total.

Plus it would have a much stronger effect on certain exchanges - namely Poloniex and Bittrex.  This could have a chain reaction of panic on other exchanges, and combined with Bitfinex seemingly fucking everything up it could be much worse.
407  Bitcoin / Bitcoin Discussion / Re: Global Wallet Market on: April 17, 2017, 08:44:34 PM
Can anyone think of an objective way to determine the market share of each crypto wallet?   Some providers are claiming 10MM+ users.   Is there anyway to verify that?   
Blockchain.info has about 13 million accounts, which you can find from the stats on their charts and graphs page.  However, this doesn't show how many users there are because most of the wallets are inactive, many of them are hacked, many of them are made by people who create several accounts, there could be any number of reasons for there being that many wallets.

You also wouldn't be able to determine how much Bitcoin is in each account because that would be a violation of the users' privacy and could result in people targeting certain users for phishing scams.  Therefore it's hard to say what the market share of each wallet would be.

It would only be possible to determine this if every user of a wallet confirmed their identity when they created a Bitcoin wallet, which would never happen due to Bitcoin users' usual opposition to this.  It's also not a good idea to suggest recording online wallet usage as recording the funds in nodes would be even harder, as well as hardware wallets like TREZORs.  

408  Economy / Scam Accusations / Re: YO-EX Scam Exchange signature campaign on: April 17, 2017, 08:09:08 PM
I agree with this.  Looks like his posts weren't bad, either.  There are actually intelligent people on this forum who can think quickly and write something constructive quickly, and that's a lot different than the average shit poster.  Yahoo62278 has a stellar reputation as a campaign manager, and Im sort of surprised he's denying you payment.   I can see him kicking you out, but you did give them advertising regardless of the timeframe of your posts.  
There are distinct differences between:
1) Desirable vs. undesirable behavior.
2) Posting quality.

Real assessment of a user can be actually far more complicated than the newbie/random/half-baked campaign managers make it out to be. There are far too many factors to consider which range outside of the scope 'quality vs. quantity'. I absolutely see no reason for which the OP should be paid. Do you see a clause somewhere which guarantees payment if you reach a certain post count?

In my case, you'd have to be overly constructive for me to even consider letting you stay after post-bursting. Usually if I catch you doing this, you're permanently banned from Bitmixer (which means that you get denied payment for any unpaid posts). This also means a permanent placement on the SMAS list.
0xfff seems to basically be a shitposter anyway.  The posts that he did in bursts are all just barely reaching any minimum amount of characters and are clearly done with the intention of getting the posting over with as quickly as possible.  Even without post bursting, I would be surprised if any legitimate campaign manager kept him in for long at all.

If your posts are vaguely readable and have decent English grammar, that doesn't make them good.  Users who aren't in a sig campaign tend to post a variety of lengths and arguments for different topics - anyone in a signature campaign who isn't a spammer should at least feign that variety while posting on topic, and preferably have it naturally.

Regardless, managers obviously have the right to remove any user at their discretion - that's just common sense and is stated on nearly all sig campaign threads.  Withholding funds is not a scam when it's someone else's funds rather than your own and you knew that there was no guarantee you would receive their funds.

The manager also has no connection to the Yo-Ex exchange.  The exchange's perspective is that they hired a trustworthy community member to escrow funds and manage the campaign for them (which they did).
409  Bitcoin / Press / Re: [2017-04-11] Asian Exchanges Employ Most In Crypto Industry on: April 17, 2017, 01:34:52 PM
Interested and a large number of users may be one of the factors that make this happen, and we can see that a couple big exchange originating from Asia especially China, this stats will still grow day by day.

With tightening regulation from Asian countries, I am not sure the trend will continue.

The Chinese Exchanges will not let you withdraw the bitcoins. So I think most of them will be closed later.
If they ever do allow withdrawals again though, it would be reasonable to assume that they would actually have a lot more full-time workers just because the exchanges would be regulated.

A combination of the most regulated possible exchanges and a high volume of trading from Chinese whales would be the two main factors causing Chinese exchanges (and Japanese exchanges, and potentially Indian exchanges  if it isn't completely illegal) to have high numbers of employees and dedication from their staff.
410  Bitcoin / Bitcoin Discussion / Re: It's about time to turn off PoW mining on: April 17, 2017, 01:04:59 PM
Changes in the Bitcoin protocol are voted through by miners.  The only scenario in which they would vote to basically directly lower their profit through lower transaction fees is if they thought that Bitcoin was going to completely collapse.

The Bitcoin price isn't actually going to collapse though, only its principle is going to fail (in that it will end up being a digital store of value rather than a full blown currency but its price will rise).  Therefore miners won't vote through a change to the PoW protocol, especially since they have thousands of dollars invested into machines that would become pretty much worthless since that was their only purpose.

It's great to have ideals but I don't see where they're going.
411  Economy / Speculation / Re: Bitcoin by Christmas 2018? (POLL) on: April 17, 2017, 11:20:29 AM
$2000 it's a very good price to start a new year. But am sure that it won't last for long, the price will start growing much faster than we think. But I hope soon it will be more stable.
I disagree, $2000 would be an absolute maximum and I expect a strong resistance of around $1800 about then.

Really? we cant even breach trough 1300 lol.
You guys are talking about 2k?  Undecided
$1300 is nothing.  The price has already breached it, in the build up to the ETF decision.

Bitcoin has been steadily (well, not steadily, but it has been) growing since its beginning.  Just last year the value was under $500.

If you don't count the 2013 pump, you'll find that Bitcoin has a long way to go just based on technical analysis.  A rise from $1300 to $2000 really wouldn't be that much, especially in about a year and a half.
412  Economy / Service Discussion / Re: BTC.com Transaction Accelerator on: April 17, 2017, 10:40:05 AM
So, let me get this straight, you wanted to send roughly $6 and they wanted to charge you $6 to do that. Wow, where do I sign up for this kind of rape fest?

This service is not meant to use for small transactions logically (you have ViaBTC for that) and as I already mentioned, the fee that BTC accelerator take is based on the current btc price, TX size and some other factors.
Transaction accelerators with no fees tend to have hidden agendas since there's no economic reason for them to provide that service when they could make more money.  In ViaBTC's case it's to argue for BU which they most likely believe would make them more money in the long term.  

Plus ViaBTC is already pretty saturated, their service isn't going to be that fast when they're only including some transactions in the blocks that they mine.

Fee accelerators shouldn't be free because it makes people just try to screw over other people who actually need the accelerator because they did something wrong with the transaction.
413  Bitcoin / Press / Re: [2017-04-17]Bitcoin is Now Larger Than Some Fiat Currencies in Europe & Americas on: April 17, 2017, 07:44:35 AM
Very misleading way of looking at it.  Bitcoin's hasn't really surpassed these fiat currencies at all because:

-Fiat currencies are localised as they are the legal tender of a country.  Bitcoin would only be larger than them if the amount being held in that area was higher than the amount of fiat currency being held.

-Bitcoin's market cap is not the same as fiat's market cap because most of it is not in circulation and Bitcoin has many different features to these conventional currencies.  Much of the price isn't from people who spend it regularly but is from investors which also manipulates the market cap in relation to fiat.
414  Economy / Scam Accusations / Re: Startminer.com scam with images proofs - do not invest, do not join on: April 16, 2017, 07:05:49 PM
very good!!! now you gave me a negative feedback for no valid reasons ! okey
when i said i test the website its not a self admitted that oi promote it and still promote it i do not support them !can you understand my situation here before you give negative feedback ?!!
You claim that you joined to test the service.  If you were trying to prove that it was a scam site, why did you get "many" referrals?  That's about the least trustworthy activity you could ever participate in, making people throw their money away in a scam site so that you can earn a few measly dollars.  You're pathetic.
Quote
now i know lotof users will start giving me fool negative feedback like you ! and for what ? for posting startminer scammer ?
No, for admitting that you're a malicious scammer yourself to knowingly bring people into a scam site.
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when i said i promote it i promote it with my friends to investigate if they are really paying or not
You can "investigate" yourself.  I hope your friends all leave you.
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next time think , think an think again before give me a negative feedback
Thinking - no.
415  Economy / Scam Accusations / Re: Scammed for $3,000+ by sabbirshm on: April 16, 2017, 06:48:03 PM
Always use escrow, don't trust anyone !
This is an oxymoron.  Escrows are people that you trust with money (when you're dealing with an untrustworthy person), so all you need to know is how to determine who to trust.

The rule of thumb is that unless you've been on the forum for a long enough time and see who others trust significantly, you shouldn't trust anyone except for people near the top of the list of Bitcointalk escrows.  Green trust doesn't necessarily prove that someone won't scam you and red trust doesn't necessarily prove that someone will scam you (although in most cases red trust will).

Also, when you're dealing with any escrow make sure you verify their address in the escrow thread if you can and verify their PGP signature if you can as well.  You need to be communicating with the escrow directly and be careful of people with very similar names to the escrows trying to pretend to be them.  Sometimes people who supposedly deal with escrow try their best to scam you and make fake messages from the escrow.

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I have him on social media, already talking to one of his friends. lol
How did you find his identity?!
416  Bitcoin / Bitcoin Discussion / Re: Maersk, Walmart & others already applying blockchain technology to everyday use on: April 16, 2017, 06:29:01 PM
You do know that bitcoins are open source right? That's the opposite of patenting something. Go patent the internet you flippin hurpadurp. This thread is a waste of precious computing power.

For blockchain to be released under an open source license, it would need to be explicitly stated by Satoshi and other original bitcoin developers.

No one knows who Satoshi is. *Hint, hint*

This is why banks and others have tried to patent blockchain technology in the past.
If even banks have failed to patent something as basic as blockchain technology, it can't be patented or it's very hard.  Satoshi clearly didn't want to patent blockchain technology and get fees from people using it - there would be no point, Satoshi hardly needs more money right now anyway and the blockchain isn't really something that he invented, it's just something that he innovated in the public eye.
417  Economy / Economics / Re: The U.S. Has The Worst Income Inequality In The Developed World on: April 16, 2017, 05:42:40 PM
It's because the US economic model is terrible.

Their model of taxation doesn't make any sense.  The problem is that unless the taxes are on things that can be monitored more heavily like income rather than companies' profits, there will be an advantage to large businesses as it's worth it for them to spend money on elaborate schemes to avoid tax while it never is for a small business.  That leads to large business actually paying less taxes because of tax havens, and they can therefore grow exponentially from their convenience (and this ends up hiking the taxes on companies that actually pay, creating a vicious cycle).

The two solutions are:

-Remove taxes altogether and move to a more right-wing/anarcho-capitalist model.  In my opinion it would be a bad idea since when every company runs in the private sectors, everyone who pays for services has to basically pay profit to another company and so poorer people would find it much harder to survive and also education would be hard to get if you're poor, giving children less opportunities based on their wealth.  Also, loads of disabled people and others who need a safety net would die.

-Change the taxation system in ways that actually benefit the poor and small businesses rather than the rich.  This could either involve social-democratic models like we see in Scandinavia (which work pretty effectively in my view) or just remodel the taxation system to be more centered around individuals than companies. 

Naturally, capitalism results in inequality but the amount can be regulated.  There's also always the possibility of communism but I'll ignore the arguments for that just to avoid pissing everyone off.
418  Bitcoin / Project Development / Re: Coinbase API based BTC/ETH bot? on: April 16, 2017, 05:28:29 PM
Good advice.   I used MACD and various moving averages / stochastic indicators... It could work as a notifier of potential opportunity but likely all trade bots are flawed for the reasons you mention.

The "idea" is a form of Arbitrage Trading (I believe it is called something like Triangle Arbitrage or something similar).
In theory it should work. But in practice it won't.
And it is not just fees. It is the fact that market always balances itself out.

And for this method to work you DO NEED a bot, you can not do it manually (speaking from experience Wink), because it is hard, you need to calculate the fee, profit, ... and you will make mistakes. Also you need to act quick, otherwise it is an opportunity lost.
The discrepancies in prices, even in triangles or from different exchanges, tend to even themselves out within seconds.  On forex markets you're talking about fractions of a second because of how many people like to do arbitrage anyway.  With cryptocurrencies I'm sure there are a few opportunities, especially on altcoin exchanges, but it would still be very hard even if you had a bot completely automate the whole process.

On Bitcoin exchanges the spread and fees will outweigh any real benefit from arbitrage.
419  Economy / Service Discussion / Re: Trezor security on: April 16, 2017, 08:56:40 AM
Hello,
I am investigating the best way to manage a bitcoin wallet in a safe a private mode.
Hence I did some documentation dig on Electrum and Trezor combined with light research on deterministic wallets.

Now the questions:

I heard that everything can have a backdoor (NSA teach us), even a chipset, but I wonder if using the mytrezor wallet which require an internet connection to their portal is really protecting me against leaking the seed and give away the ability to potential attacker in an easier mode then the brute force that is mathematically unfeasible (even if every statistic teach you that probability is not protecting you from somebody who is lucky to get your seed at the first shot  Wink ). I am also wonder the same question about electrum unless I can use something that protect me to do not give away my seed (i.e. offline) and allow me to sign transaction without any need to wire connect anything even a printer for a QR code.  

Regarding the privacy I believe that unless there is a way to detach/decouple the physical world with the cripto world there is no way to protect you against being tracked on block chain.
in the end of the day if you spend your bitcoin you connect yourself with somebody else. Tumblers/Mixers do not help. TOR has been hacked by the NSA so what for.
There are ATMs but as long as I can see they have all sort of tracking for your real Identity (even finger tips) which in my opinion is completely insane.

Thanks for giving me arguments on both questions

  
Every time you make a transaction with your TREZOR, you have to confirm the transaction by pressing a button on it, which is a form of 2FA.  You also have to log into it with a PIN to do that, and every time someone wrongly guesses your PIN the amount of time it takes to enter it again changes by a power of 2.  So the only way someone could get access to your funds is by literally walking into your house, grabbing you and holding a gun up to your head and brutally forcing you to reveal the location of your seed.  It would be much harder to take your funds from a TREZOR than it would be from a credit card.

Even if your TREZOR got destroyed you could recover it with your seed on a BIP compatible wallet like Electrum or Mycelium.  You can even use your Mycelium wallet as a bridge to access your wallet along with the official TREZOR chrome extension and bridge.

So even if they were to track you through the blockchain you'd be safe, which is more than can be said for software wallets like Electrum because unfortunately if they found out about you they might be able to target you with malware or something.  TREZORs don't communicate data which could infect them with malware - it's impossible.  I don't work for TREZOR but it's pretty damn cool.

If you have any other concerns you could check out their security threats page.

420  Economy / Service Discussion / Re: How can I create Own Bitcoin Casino? on: April 16, 2017, 08:41:08 AM
How can I create own Bitcoin Casino like: PrimeDice, Bustabit, BrustCasino etc.
Those casinos were popular because they offered something original, could gain a lot of money from investors for their bankroll because they were trustworthy, and could run advertising campaigns.  The best that you could ever hope to make would be some kind of pathetic script casino that has been made by a hundred people before desperately grabbing for money who never get it.

You would have to have actually good ideas for a new casino and hire a developer (with a good amount of money that you have to make this casino) to help make it for you.

You would also have to handle marketing properly and advertise on various sites related to gambling, Bitcoin or both.
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