what is bitcoin classic?
do you mean bitmaincoin?
if you do then i regard it as completely worthless so i'll be getting rid of it as quickly as possible. if it wins out i'll also regard bitcoin as a failure.
I assume he's referring to legacy chain bitcoin/new bitcoin (assuming that one of the chain splits becomes the majority chain) - treating it like ETH/ETC. Most people think that they will have a real choice in the matter. You will obviously support the coin that are widely supported by merchants and also the
exchanges you normally use.
You do have a choice. Most exchanges will give you the choice IMO, merchants aren't even that relevant anymore when it comes to the price considering how few of them there are. Regardless, you can decide which merchants/exchanges you spend at based on what they're accepting. It's the idea of the economic majority that's fueling this whole UASF/UAHF thing. |
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I had this discussion with a German banker about 2 years ago and he told me Bitcoin was but a drop in the ocean to make any difference in the global banking and financial system.. He called it a niche market. I told him that Bitcoin will grow very soon and it will spread like wildfire. He laughed it off..  ...These people are so arrogant it is not even funny anymore. Bitcoin will hit them like a brick, when it goes mainstream.  Nah, it's still a niche market for now. The level of merchant adoption hasn't changed much since mid-2015, the only difference is that the niche has changed from people who think they're cool and controversial (us) to investors that think they're cool and controversial, which is what's making the price go up loads. Most of this price rise is speculation about what Bitcoin could be used for in the future, not its current usage, so I'd rather laugh at him in 10-20 years when blockchain technology has developed enough to be particularly relevant. |
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When I store my coins on my Kraken account they hold the private key?
Yes they do. They only give you a public address so you can deposit on their wallets and use that balance on their website to sell/trade Bitcoins. Therefore, you don't really control the coins you have on their exchange. I also have a wallet from MyEtherWallet, from which I do have a private key. The downside is that it seems that there are some coins that I can not hold in that wallet. Do you have multiple wallets for multiple coins? Seems so confusing..
Every coin has their own wallet. In your case, MyEtherWallet can only hold Ethereum coins and ERC-20 tokens. If you want to store Bitcoins you will need to find and download a proper wallet for BTC. You can find the most recommended ones in this page: https://bitcoin.org/en/choose-your-wallet. (I recommend you to try Electrum - https://electrum.org) If you don't want to download one wallet for each coin you have, there are a few wallets that let you manage multiple coins in a single software. If you are looking for this and have multiple coins to store, Exodus ( https://www.exodus.io) is a good choice. They support those coins atm: Bitcoin, Augur, Dash, Dogecoin, Ethereum, Golem, Litecoin, and are planning to support more in the future. Thanks a lot for your help! Where can i find what tokens are ERC-20 tokens? Is there a list? Yes, there's one on github. Note: I would feel safest using a hardware wallet along with MyEtherWallet or taking other precautions for security. |
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thank you my friend
when it is expected to drop out?
Mempools are not all the same so it's hard to predict. However, I believe that in the most recent versions of Bitcoin Core, the default setting is for the transaction to be dropped after 2 weeks (previously it was 3 days). Ideally you would accelerate your transaction, but ViaBTC doesn't accept transactions with fees of <10 satoshi/byte so you could contact Quickseller (who can get it accelerated using F2Pool for a high fee), or you could use ViaBTC's paid service. You could use Antpool as well. |
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There are ways to make coins usable on your phone and still moderately secure. For example, you could buy a TREZOR and carry it with you (it's tiny), then connect it to your phone with Mycelium. That would keep your coins safe and you can use hidden wallets with additional passphrases on a TREZOR to protect against physical theft (not to mention the PIN system, but that could be vulnerable to 5-dollar wrench attacks).
In normal situations I would get Mycelium or Breadwallet and only hold as much on it as you'll need for regular transactions. |
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As with most conspiracy theories ("the Earth is flat", "man never went to the moon", "climate change was created by the Chinese government to weaken Western economies"), it would be stupid to believe an article supporting these theories.
Governments and other groups are extremely corrupt and evil but this doesn't mean that you should assume everything that they say is a lie even when their incentives wouldn't result in those conspiracies being true.
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
2fa will only confirm that it's you trying to access your account with the service. It doesn't make you 100% sure that the online wallet itself couldn't take your coins like BIT.AC seemingly did, for example. So it's good for preventing "hackers" through keyloggers and other things to access your online account, but it doesn't keep your coins safe, nor is holding your coins in an online wallet ever going to be particularly safe. In the case of online wallets that are unlikely to fail with your coins e.g. Green Address, 2fa is a good idea. Like I said, invest in a hard wallet (ledger nano s) and use your 2fa codes on your phone. That's the safest bet when it comes to safety. Hardware wallets are a 2fa device. You don't need to use your phone with them, you can just put it into any computer and you'll have to verify the transaction on your device before you send (assuming that the Ledger Nano S works in the same way as the TREZOR). The key difference between an online wallet's 2fa and hardware wallet's 2fa is that with a hardware wallet you control your private keys so you are not accessing an "account", you're accessing a real wallet, so inside jobs are not possible. |
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Building a national Russian cryptocurrency on Ethereum sounds like worthless speculation anyway. I'm sure that Russian politicians know that the applications built on Ethereum would fail if Ethereum did, so they would not trust something like that to a private company unless they personally had some control or leverage over the ETH devs.
Cryptocurrencies have not reached the "killer app" stage yet. This current phase is the innovator phase, and we're not yet at a point where there's a cryptocurrency that could actually be used as an international currency.
I believe that when that ideal cryptocurrency has been reached, there will be optional anonymity which is not handled in the same way (e.g. Monero and other systems being implemented to increase privacy).
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Alost no one reaches ROI with Genesis Mining, and if they did they were very, very lucky.
Genesis Mining is not a scam at all - I believe that they're mining - but they're a very shady and manipulative company which lays out their plans in such a way that they never see how much profit they make and how they're taking it from you.
Furthermore, they have these two-year plans which don't reach ROI, because they add new altcoins when they surge in price, making the plans look like they will reach ROI much quicker than they actually do once the difficulty catches up with the price.
Cloud mining is never reliable, safe nor particularly profitable. You're always better off going for mining yourself, mining the most profitable altcoin with a GPU or mining Bitcoin with an ASIC if you have low electricity costs.
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If you think Ether is competing with Bitcoin for merchant transactions you don't understand what Ethereum is offering. Ether tokens represent computing power on Ethereum's blockchain platform, it's not a monetary currency to buy goods and services. (The Ethereum folks mention this on their website). The "market observers" who coined the word "the Flippening" are confusing too many people. This isn't about Ether replacing Bitcoin. It's about the investment value of bitcoin the currency and ether the computing power token. It's frustrating that so many people are confusing this key detail. From a Coindesk article on the FLippening "branded 'The Flippening' by market observers, this new hypothetical is defined loosely as the point at which a competing blockchain network could replace bitcoin as the largest and best capitalized blockchain." ( http://www.coindesk.com/flippening-will-ether-pass-bitcoin-will-mean/) This "guess the date" question is like guessing when the market cap of Google exceeded the market cap of the Euro.
The only similarity is that since the crypto market is so small some money that was invested in Bitcoin is likely being sold to invest in Ethereum....not as a currency but because the price per token is sky rocketing. lol 1. the market 'cap' has nothing to do with how much capital is invested.. its just silly maths of taking the valu of a single coin. and multiplying it by circulation.. i said in other topics anyone can make an altcoin with 5 trillion premined coins.. sell 1 coin for $1 and bam $5trillion cap.. what means a heck of alot more is not market cap... but utility.. all im saying is.. all a 'flippening' does is show a crappy flip of a numeric figure.. but has no meaning of real use/purpose. i would care more about a flippening event. if the flippening involved a measure of something more concrete. like user adoption/utility, employee's working on projects, ... not just an empty number like market cap Utility is extremely subjective, because it's hard to measure how many merchants these things are used at. While I agree that bitcoin is used at far more merchants than ETH, that's something that wouldn't change gradually, whereas money can change more gradually. Speculation is mostly based on what people perceive to be something's future utility, rather than its current utility. A less subjective way of looking at it would be Google search trends, because then you know how many people are interested or getting involved in each thing. If we look at it by that measure, the Flippening is about 42% of the way there. |
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Wall Street deals with investments. They're going to be a big fan of any investment that's making them money. Bitcoin has been the best investment of 2017 in the entire world...and it's easy to get in to.
If you have a lot of money like the whales at Wall Street, it's pretty damn hard to get into. A lot of the whales are people that got in early with a much smaller amount of money. You can see that even the most trustworthy exchanges like Bitstamp and Coinbase seem to be taking ages to accept deposits, screwing over some customers and having practically no customer support. To get your hands on a lot of bitcoins at once you'd basically have to take a trip to the fringes of these services. It also takes a lot of thought for them to store. It seems easy for us but it's just not the same as buying a stock or trading forex. |
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I'd assume that theymos is pretty rich, considering that he took in hundreds (possibly thousands, I don't know) of bitcoins in donations to the forum back when it was worth very little.
Also, most of the forum's ads are clearly there to appeal to newbies, while older members have seen all the bullshit pseudo-cryptocurrencies' promises and the gambling sites before. I doubt a significant number of hero members click on ads often, nor do I think that a significant number of hero members will decide to disable their ads.
If theymos was actually worried about a lack of funds for the forum, he'd obviously just remove the option to disable ads.
I don't think that you've thought this through.
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Also why have a third party or an "insider" to the "hack". Why not just move the coins to another address, no one can prove who moved the coins anyway?
You look more legitimate if you claim to be "hacked" when you're having problems or you stole your customers' coins. Mt. Gox is a prime example of this, with "all your coins are safe" being the classic line. No one can prove what you did but if you haven't already provided some kind of explanation, the authorities will rapidly be on your ass. |
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If I were you I won't let my Cryptocurrencies hanging around in an exchange site, the risk involve by doing that is obviously high. What you can do is store all your Cryptocurrencies in their respective Wallets therefore the possibility of getting hack is lesser than holding your coins in an exchange site, my claims are being based on what people are trying to say in the safety of your Coins.
That's exactly what the OP is asking for, and you're not giving them any useful information.
It depends what you're looking for, OP. You have two main choices: 1. Taking your coins out of an exchange to a wallet which you spend from regularly. For this I would suggest Electrum, a TREZOR, or both used together. 2. Taking your coins out of an exchange for cold storage. For this I would suggest creating a paper wallet which you only use once, and create a new paper wallet each time you take funds out of the exchange. |
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With unstable bitcoin prices, seems to be making us a incur losses
Well that's just dumb. Bitcoin and altcoins are in an extremely dramatic bull market, so with regular use it would be better for you, at least for now. Still, using a Bitcoin "credit card" means that you're actually converting to fiat to spend instead of spending bitcoin - this means that you're not encouraging merchant adoption by spending at places that actually accept it. You're also forfeiting the main benefit of Bitcoin, which is that you have responsibility over your money. A credit card like this is basically an online wallet, and you're not controlling it yourself. |
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It's against PayPal's ToS, yes. I wouldn't say that PayPal will necessarily find out what you're doing, but you're treading very dangerous territory by noticeably disobeying a prominent company's ToS and you have to know what the risks are.
More importantly, most people who sell bitcoins for PayPal get scammed, simply because PayPal is extremely easy to chargeback and PayPal almost always favour the buyer when it's not a major/legitimate business which they're dealing with.
Bitcoin and PayPal don't mix. Just don't mix them, and your life will be so much easier.
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
2fa will only confirm that it's you trying to access your account with the service. It doesn't make you 100% sure that the online wallet itself couldn't take your coins like BIT.AC seemingly did, for example. So it's good for preventing "hackers" through keyloggers and other things to access your online account, but it doesn't keep your coins safe, nor is holding your coins in an online wallet ever going to be particularly safe. In the case of online wallets that are unlikely to fail with your coins e.g. Green Address, 2fa is a good idea. |
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Because you've never written a single meaningful sentence in your life. Every single one of your post is a boring one liner in the altcoin sections with no genuine or meaningful content. Signature managers have every right not to pay you and you were essentially trying to scam them by trying to take their money without actually posting anything which would bring traffic to their service.
You're also in SMAS and they don't pay people from SMAS.
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BIP 148 would involve a chain split, unless a majority of hashrate signals for it. The idea is that economic support for the new chain eventually leads to miners feeling pressured to move over, resolving the chain split. However, BIP 148 is a premature UASF and would not necessarily succeed in doing this. It would also cause a lot of hassle and FUD while not necessarily achieving a lot. It's even caused some unwanted opposition such as a "UAHF" from BITMAIN.
The majority of Core devs are also not favouring it yet. Seems risky, not enough support IMO.
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