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421  Economy / Service Discussion / Re: coinurl is a malware site on: April 16, 2017, 08:25:52 AM
It's most likely that they're just crap, not a malware site.

Generally advertisers that are related to Bitcoin will respect the privacy of the advertisers far too much, groups like Anonymous Ads and coinurl.  That will result in dodgy ads and malvertising regardless of the service.  It doesn't make the advertiser a malware site, it just makes them annoyingly  unregulated.

Usually for ads fiat advertising services will be better for now just because of the nature of Bitcoin advertisers.  Just for being interested in Bitcoin I get a lot of ads from Ponzi scams anyway.
422  Economy / Gambling discussion / Re: Gambling sites earnings? on: April 15, 2017, 09:40:06 PM
I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?
I doubt PrimeDice find it hard to keep their bankroll funded.  A few thousand Bitcoin isn't much to these guys, they get thousands every month bet on their casino.  I'm sure they get a huge amount of ROI.

Bankroll investments would give a reasonably good idea of how profitable it is, since casinos often give investors over 50% of the profits just for putting their money into the bankroll.  Crypto-games.net have a tracker on their profits so you can find out how profitable it is for those investing in the bankroll and therefore how profitable it would be for a casino that funds it themselves (considering that investors get 70% of Crypto-games.net's earnings).
423  Economy / Service Discussion / Re: Using Other Wallets for Services Requesting Bitpay on: April 15, 2017, 03:48:45 PM
Bitpay in that case is just used as a payment processor.  I've bought games off Steam before and it's not a problem.  Obviously Steam and Gyft understand that not everyone can pay through one service.
424  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you see alts have chances against Bitcoins? on: April 15, 2017, 02:34:40 PM
All alts would have the same problems as bitcoin eventually. They would either become with blockchains that are too bloated, transactions too expensive and slow...

Only alt that could challenge it is an that can scale without node centralization and that alt does not exist.
True.  However, every new cryptocurrency has different use cases and different situations that they're practical in, unless they're a shitcoin.  Monero, for example, has better anonymity and therefore is used by a lot of criminals.  Bitcoin will never be quite as good for that even though it can be anonymous if you know what you're doing.  Therefore, alts don't "have chances" against Bitcoin, but they do have chances to be legitimate parts of the cryptocurrency ecosystem and to help progress by innovating new solutions to existing problems without requiring experimentation or forks from Bitcoin.
425  Economy / Economics / Re: FUD article from Bitcoin.com - The sky is falling!!! on: April 15, 2017, 01:31:19 PM
It's definitely FUD, but I don't think it's to try to entice a dump of bitcoin and pump of ether. It's more likely that they're just trying to post some sensational story on a slow news day. Regular news does that all the time. They just want clicks. When really there's nothing weird with the price movement right now. It toggles back and forth all the time. I just wish they wouldn't lie in the article..."price has rebounded, therefore there's no response to sellers"...wtf?
It's not about Ether, it's about desperation.  Bitcoin.com don't care how many clicks they get, Roger Ver is so rich the ad revenue will be practically worthless to him.  Bitcoin.com like to pretend that the situation with Bitcoin is more desperate than it is and therefore if Ether does get pumped then other people do the FUD for them believing that all Bitcoin.com did was present the facts.  Then what happens is that people with a lot of money get desperate and give up on their preferred scaling solution to cause a high consensus hard fork.  That's the main reason Bitcoin.com makes that kind of article.
426  Economy / Web Wallets / Re: How safe is blockchain online wallet? on: April 15, 2017, 11:34:26 AM
Ever since I ventured into the bitcoin world, i've been using the blockchain.info online wallet and it hasn't really been a pleasant ride. I have had several cases of my bitcoin being transferred to the wrong address. My most recent issue is my bitcoin simply vanishing... Not a trace! Not even in my transaction history.

I try to keep all my passwords hidden, enabled 2-factor authentication, and this still happens.

Is there something i'm doing wrong or is blockchain.info not just a secure wallet.

Has anybody experienced anything similar?
I've actually never had any problems with the Blockchain wallet, but I'm generally told that it's not a very good choice due to frequent bugs and issues.

If you're sending to the wrong address, that's extremely unlikely to be Blockchain's fault and you might have malware.  If you do have malware, I would suggest running several virus checks before you download a software wallet, because Bitcoin in software wallets can be stolen by malware pretty easily.  

When you know that you're safe, you should note that Bitcoin Core is pretty hard to download - you'll require a lot of disk space.  It's the official wallet run by the current development team and you're essentially downloading the entire blockchain to run it, which is called a full node.  The Electrum wallet is better for convenience and probably will be best in your case.
427  Economy / Marketplace / Re: Is that possible to earn bitcoin with Youtube Channel? on: April 15, 2017, 11:13:37 AM
To figure that out you have to consider what YouTube's motives are for running AdSense ads currently.

YouTube is owned by Google, as is AdSense, so that means that any ads shown on YouTube will be earning Google money in addition to paying contributors.  So the main motives for paying contributors will be to encourage people to make content good enough to encourage people to view it, making Google money.  By making it voluntary they make themselves appear like a better or more morally acceptable currency and encourage people to use AdSense on their website, as people do on their channels.

Therefore, the chances of them letting people run different ads is about zero.  However, if you were really against Google's scraping for money, you could try and get people to pay you to put ads in the actual video or in the description instead, and note why you were doing it.
428  Bitcoin / Bitcoin Discussion / Re: Reasons of why bitcoin accepting shopping sites are not famous on: April 15, 2017, 09:05:35 AM
We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites.
Despite the terrible syntax of that sentence, I think I sort of get what you're saying.  People find it difficult to spend Bitcoin online because major retailers don't accept it yet.

But I think the major retailers know what they're doing.  They're only going to accept Bitcoin if there are legitimate business reasons for doing so, which I would argue there are not.  In reality, they would get very few payments in Bitcoin and I doubt it would be particularly viable for them, especially when they're afraid of the risks associated with it, such as volatility.

I don't think they would accept Bitcoin while it's as volatile as it is because it would accept complex monitoring of exchange rates and instant conversion to fiat since in reality they're not dealing with Bitcoin and earning profits in it.

429  Bitcoin / Bitcoin Discussion / Re: How do you stop someone forcing you to hand over your private key? on: April 15, 2017, 08:49:15 AM
One thing I have thought about is that with bitcoin, someone could force you to hand over your private key. What sort of safeguards are there to prevent this happening, or to prevent them taking everything in that wallet?
One thing one can do is leave Bitcoins on an exchange that will only allow you to withdraw $1000 worth per day, but then you run the risk of the exchange being hacked....what are the other options?
There's no reason why they would focus on your private key specifically.  They'd have to be right there in your face and some kind of real threat if they wanted to actually get it.

What sort of safeguards are there to prevent a criminal from attacking you and stealing your real wallet?  Far less, and they're far more likely to do so even if Bitcoin was mainstream.  People are unlikely to be able to recite their private key by memory accurately anyway, and the thief would have to be able to locate the wallet if they wanted to actually get the private key, which would be hard.

People practically give away their private keys anyway by putting money into exchanges and online wallets.
430  Economy / Trading Discussion / Re: Coinfactory.io Warning - Please read before locking your BTC up! Warning ! on: April 15, 2017, 08:17:08 AM
Thanks for the tips! Being 7% didnt seem that out outrageous to me, was just looking for something to go along with Polo lending. Sry im new to the BTC investing side.
That's okay.  Let me give you some tips as to see how outrageous something is.

Firstly, let's think about what 7% per day would be worth if you left in that money for a year.  7% multiplied by 365 would be worth 2555% of your original investment.  If you put in $100, that means that it would be worth $2555 in a year.  That's completely ridiculous.

But it's not like that.  How it would work in practice is that you would do compound interest - this means that you reinvest your earnings so that they increase more in the future.  Not bothering to do the maths myself by using a compound interest calculator, your money would be worth $ 5,309,808,459,797.19 in a year (five trillion dollars).

Now you understand how ridiculous it is.  No bank offers you more than about 5% interest per year in most countries - why would another service give you much, much higher for doing literally nothing?

In future, try finding out about casino bankroll investments and also go to the Securities subforum in the marketplace.  You can get ~10-15% in a year with good investments, or if you're an expert trader and put work in, a lot more.  Bitcoin is an investment itself though, it's gone up by over 50% in a year and you shouldn't expect people to pay you too much interest on top of that.
431  Economy / Trading Discussion / Re: Kraken has BTC at $1186.54 USD at the same time Bitstamp is $1170.88 USD. ???? on: April 15, 2017, 07:43:13 AM
How can this be?

I confirmed the numbers as I posted.

I'm lacking some basic fact, as otherwise arbers would knock these prices to the same figure in an instant.

Please help me understand this.

Thanks.
There are two main factors that would stop arbitrage traders from stopping these inefficiencies.

-A high spread (gap between buy and sell price) which would decrease the profits.

-Fees from converting Bitcoin to fiat and back again, along with exchange fees, removing the profits.

It's probably a combination of the two.  BitFinex has a much higher price but they're not currently allowing USD withdrawals so it doesn't really count.  It could also be that there is some inconvenience with withdrawals/deposits on either exchange which outweighs the benefits.  The chances are that at least two, possibly all three, of these factors apply.

Even without arbitrage trading it's a good way of finding which exchange to buy on or sell on when you're buying or selling large amounts.
432  Bitcoin / Bitcoin Discussion / Re: Two years later: a great big fucking mess. on: April 15, 2017, 07:36:15 AM
Bitcoin is supposed to be pretty much immutable, barring some very high-consensus decisions like fatal bugs.

Unfortunately there's not much chance of Bitcoin ever reaching a serious consensus on something that's really debatable like this decision because there will always be corruption on both sides and hashpower, even from monopolies, will be from people on different sides.
433  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mass Adoption Per Country on: April 14, 2017, 10:07:36 AM
Which country do you think is leading the Bitcoin mass adoption and why?
Biased question.  Mass adoption definitely isn't happening yet.  The majority of the current price is based on speculation and investors rather than adoption as a currency - the adoption hasn't increased very much since 2013 and yet we've been playing with the 2013 ATH for ages up high because of investors.

I'm sure lots of people will vote Japan, but a country accepting that Bitcoin has properties like a currency doesn't mean that it'll achieve mass adoption as if it's legal tender, just because a chain of technology related stores will accept it.  Some people need a sense of scale.
434  Economy / Trading Discussion / Re: Insights into the Mindset of Super Traders on: April 14, 2017, 10:03:08 AM
Speculation would first seem to be one of the easiest things on earth because you might think of making money by hitting bid and ask buttons for trading instruments of your choice. Hitting bid and ask buttons can be learned by everybody, but it remains a mystery that doing this does not bring easy money. It is no longer a secret that majority of traders lose. Pros know that. Newbies know that. Those who do not trade know that. Millions of trading styles and approaches have been used under heaven, but majority of them seem not to be working. Why?
Several different trading styles can work.  Long-term and day trading can both work in different ways and people who have concrete plans based on reality tend to succeed.  You claim that the majority of traders lose but the money in it will be equal losses and gains, and in forex for example many of the losses will not be perceived as such; people trade forex when a bank screws them over with the exchange rate when they go abroad, for example, but all that they understand is that they have the right currency and they can spend.

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The answer: You alone can determine whether you will become successful or not. Some want to succeed as traders but they get entangled in what can be called self-sabotage. They do exactly what look satisfactory in the short-term, but which cannot help them in the long run. What is then the way out?
Often short term trading can be successful if you're good at it and you understand the basics of it.  In crypto investments I would argue that it can be easier than that if you can do fundamental analysis of the coin.
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You simply need to learn the insights, approaches and thoughts of super traders. And when you adapt and apply them to your trading styles, you would also find it easier to deal with the vagaries of the market triumphantly. That is when good strategies you use can work for you. Good strategies cannot work for you if you approach the market with illogical trading psychology.
Looks to me like this is a crappy self-help book and no one should care.  Traders have different strategies and people are not stupid.
435  Bitcoin / Bitcoin Discussion / Re: aaaand here we go again on: April 14, 2017, 09:11:15 AM
Yeah, my sig campaign earnings have been stuck in the network all day, but luckily I'm not standing in line at Starbucks paying for my coffee with bitcoin.  Ugh.

This is why bitcoin sucks as money, and it's kind of hard to deny if you're honest.  Nobody in their right mind would switch from fiat to bitcoin.

Absolutely. Bitcoin is so impractical to be used as money especially on a daily basis and on a face to face payment. Bitcoin has its own advantage over fiat and fiat to bitcoin. We can still see that fiat is on top of bitcoin until who knows when.
I'd say that Bitcoin just transfers the responsibility from the banks to the user.  Digital fiat is very inefficient anyway, sometimes it takes a very long time for the transaction to actually get confirmed it just appears convenient to the user.  Bitcoin is for those who want to have real control over their money, and that carries responsibility as well as benefits but it doesn't make Bitcoin suck as money, it just restricts certain people from wanting to use it.

The unconfirmed transactions in the mempool don't really show how Bitcoin is as money and it doesn't show any inherent problem in the network.  Solutions are proposed and SegWit increases the transaction capacity.  Jonald seems to think that the LN is the only part of SegWit but the LN is just a development which can happen.  The network only needs an increase for now, it doesn't need such a huge increase in potential capacity as BU right now, just more than the current capacity.  The LN is just a good addition which will come later.
436  Bitcoin / Bitcoin Discussion / Re: Roger, please sell your coins on: April 14, 2017, 08:48:18 AM
Capitalism gives an incentive for people to be arseholes, so Roger Ver isn't going away anytime soon and he'll have big influence because he has big influence over the market.

People often say the market has power over the price, but with all currencies it's going to end up with some people owning loads of money and having much more influence than everyone else over the market.  Roger Ver is just a random person who likes money, if he didn't have it someone other arsehole would instead.
437  Economy / Trading Discussion / Re: Coinfactory.io Warning - Please read before locking your BTC up! Warning ! on: April 14, 2017, 08:38:10 AM
Hi,

Just wanted to pass on a tip, i ran across coinfactory.io while looking for investments etc. While they do seem to pay the advertised interest per day, what they DONT tell you anywhere (that i can find) is that your principal btc investment is locked in with them FOREVER. Repeat, you can not withdraw your invested amount, EVER. Liquidity = 0 & and who knows how long they will remain.


So, in-conclusion, if you invest anything with this site, do not expect to earn some interest and move on, your stuck. FOREVER!

 
It's irrelevant whether you can withdraw your principal.  A lot of legitimate investments won't let you either, and a lot of illegitimate investments will let you.  Doesn't mean that you can actually pull your money out because it's not like they'll give you a warning saying "we'll stop paying on this exact day, so make sure to take all of your money out before then".

Huge amounts of Bitcoin investments are Ponzi schemes.  There are thousands created all the time, and anyone who has even a hint of intelligence will say which ones are Ponzis with 99% accuracy in a heartbeat.  The list of Bitcoin scam sites doesn't even contain obvious Ponzis like this, just because you should recognise it from looking at it and not give any arbitrary requirements for the site being legitimate.
438  Economy / Speculation / Re: Bitcoin by Christmas 2018? (POLL) on: April 14, 2017, 08:30:39 AM
I'd say it'll have healthy growth like it did in 2016 and rise by a few hundred dollars.  

I'd be surprised to see it anywhere over $2000 or under $1300.  Since it reached an ATH near the ETF I think that >$1300 is easily possible and Bitcoin will steadily rise in value due to lots of people storing value in it and not using it as a currency very often.
439  Economy / Economics / Re: HSBC Bank Helped Terrorists, Iran, Drug Cartels & Russians Launder Money on: April 14, 2017, 08:21:52 AM
So really they didn't help them, they just had bad regulations which allowed it to happen.

Generally banks don't have much incentive to support money laundering, just to allow it to happen since it makes people put a lot of money into their bank.  The problem is that since those transactions are so traceable people who do this are very likely to get caught eventually even if it happens all the time, which is why people turn to alternatives including Bitcoin for money laundering.

Bitcoin is convenient for money laundering.  That doesn't mean that it's Bitcoin's fault because it's just a side effect, but it also doesn't mean that everyone should pretend Bitcoin is perfect.  We recognise its pros, and we have to recognise its cons as well.
440  Other / Beginners & Help / Re: Bitcoin / Ethereum blockchain questions on: April 14, 2017, 07:51:21 AM
I don't know a lot about Ethereum but I'll answer about Bitcoin.
1. Does the blockchain really contain a log of every transaction ever happened, and if yes which computers store that information, and how large is the whole chain at the moment ? Who runs these "master" chain servers and how do you run one ?  Is this what would be a "fully synchronized wallet" and wouldn't a fully synced wallet weight 1 TB in 10 years, so only few people can practically store these.
Yes, the blockchain contains a log of every transaction.  In theory, holding Bitcoin involves downloading the blockchain, and users who run a "full node" (a node that follows all Bitcoin rules) basically download the entire blockchain on their computer, so that's where it's stored.  It's impractical for everyone to run a full node as it has to be active nearly all of the time to keep up to date and broadcast information to other full nodes, so therefore many users just run a lightweight node, which is where a third party basically keeps the copy of the blockchain for you but you control your private keys and therefore still properly own the Bitcoin.

For people who do want to download a full node, you just have to download the most recent version of Bitcoin Core.  Currently, it recommends that you have 125GB of storage space to download and various other requirements.
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2.  Lets say you receive a transaction to your address while your "wallet is offline". When you connect your wallet, does it find out immediately its balance or you have to run a full wallet synchronization before it will know how much coins it has got ?
I think it would need to fully synchronise, hence why running a full node is impractical for most users.  Satoshi predicted that there would be under 100,000 nodes, probably less.  It's fine though since lightweight wallets are practical for people.
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