Why should I pay a website a few satoshis to get rid of the ads when I can use an adblocker for free?
This doesn't make much sense to me.
It should be the other way around. The sites should pay us to bear the ads. I mean they are the ones who want something from us.
It's our time! You want me to watch your ads because you think you've got something interesting for me than pay me for that time.
That's how I see it.
This is a good point. The better idea would be to create a browser that blocks all ads and pays the users to have them disabled. A part from the site's share of profits from displaying ads should be able to pay for this even if it is only a few satoshis a day. This will make one good outlet for bitcoin's distribution to the masses. |
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I would be much better for you to use Multibit or Electrum. Do not risk your coins being held by a third party. The reason why we all went to bitcoin is to have total control of our money. Why would you need to sacrifice that by needing to trust Blockchain.info? Bitcoin was designed to be trustless so do not put yourself in a position that would need for you to trust anyone.
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What is the best way to back up a Multibit HD wallet? Sometimes my paranoia is making me think to encrypt the folder containing all the data and encrypt it using 2 or 3 different methods and then moving that folder in a USB. Is this too much? Sometimes the inability to see the private keys also makes me paranoid too.
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Example: The Bank Account
Public illusion. A commercial-bank 'deposit' is as good as money. You will get all your money back, any time you want.
Reality. 'Deposits' are really loans to the bank which lends them to borrowers, some of whom may never pay them back. Another danger is that savers may ask for their money at any time, while loans by the bank tend to have longer-term maturities.
I think I just had an epiphany. This is what bitcoiners have been saying all along! If you want to disrupt the banks then do not make deposits to them. What you should do is "deposit" them where you have total control of your money! Buy BTC. Well it is not really "buying", what you are actually doing is converting fiat to BTC. So do it now and encourage the people around you to do it too. Enough with the BS of the banks. |
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Categorization of Bitcoin is never ending discussion. It is a currency, commodity, property? This actually is a problem.
In one country BTC is currency in others commodity and some others are waiting...
Semantics and legal issues are the reasons why we don't have any serious bitcoin legislation in place.
In US bitcoin is classified both as currency (by U.S. Treasury ) and commodity (by Commodity Futures Trading Commission).
How simple people can be smart when even pros have no idea what bitcoin really is?
Maybe the regulators should make a new category. Then in that category they should start from scratch and create new laws for it. If they will depend on the system they have now then there would be a lot of holes a lawyer could find. One good example is the man from Florida who was charged with money laundering using bitcoins. The judge dismissed his case because the judge declared that bitcoin is not real money. I think the judge did what he did because he does not want to make a mistake that will set a precedent in the upcoming money laundering cases involving bitcoin. It was way over his head. |
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You have to keep using Multibit Classic. Multibit HD will not work since you are currently using Multibit classic. Try sending again, hopefully you will not run into that error since the S values are random. Try enough times and eventually you will get a Low S. You should also upgrade to Multibit HD, see instructions here: https://multibit.org/help/hd0.3/how-to-upgrade-from-classic.htmlAbout that error. In the signatures, there is an integer called 'S'. The S can be two different values and still be a valid signature. The Bitcoin protocol made High S values non standard. Since S is random, eventually you will get one with a Low S value. One of my wallets is still Multibit Classic. Is the "high S error" happening specifically found only in the classic wallet? I have version 0.5.19 that was released on 9/9/2015 if that is of any significance. |
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Mining centralization is done by China already.. 90% of BTC transactions are from China... Who ever said Bitcoin is decentralized? Only the development process is decentralized. This is the correct answer. The cartelization of bitcoin mining has made it more centralized as opposed to before when anyone can enter the network and mine with their CPU. The rising difficulty is making it more and more a competitive area for miners. You need specialized hardware if you want to join the mining. With that idea in mind who is to say if collusion between miners is not possible today? The only thing that is stopping them is their incentive will be reduced in value if they are caught colluding. The number of nodes are also going down because it is getting more expensive to maintain one because of the blockchain's size. There should be a mechanism to incentivize people who want to maintain bitcoin nodes. |
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Most cloud mining companies do not start as scams in my opinion. I think they truly thought that they could compete and make ROI for themselves and their clients. Maybe it is out of ignorance or naiveté but the bottom line is we should be responsible enough to give them the benefit of the doubt.
As for Bitminer I cannot speak personally if they really intend scam from the start but I can surely say that their success to get ROI is very small. It is better to avoid all cloud mining sites.
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Is it not already a known fact that the exchanges with 0% fees trade with themselves in order to create fake volume? The CEO of Bitcoin China already said this about Okcoin. Okcoin is already known to be creating fake volume. So it will not come as a surprise that the other exchanges that have 0% fees are creating fake volume too.
It's been proposed enough times but I don't know if it's been comprehensively proven. I remember some ex OKcoin employee saying they were told to keep it churning. There's nothing stopping them from doing so however there are probably enough traders ready to ping coins back and forth for it not to be a necessity. Well it would be a necessity if the exchange owners want to attract more users. By increasing their volume artificially it makes them look like they have a good and healthy operation with liquid markets. I mean who would want to have and own a low volume exchange? With all the questionable schemes that we have seen in the bitcoin world, it would be stupid of us not to believe that faking the volume is not happening right now. |
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Bragging once your prediction comes true is good and all. But there's still months left before the end of the year.  OP's prediction will be refuted once it's December. With the approach of Christmas and all the shopping frenzy, I hereby predict the price will shoot past $600  Your prediction is still lower, while everyone is saying here that we will be above $1k and create a new ATH once that month comes. Let us see if OP's pessimism wins or our hopes, I believe OP will regret for his decisions. We will be on a steep rise from this horrible price trap in November. Don't worry, OP's just spreading FUD. Bitcoin's just following last halving's price trend, plus the Bitfinex hack. Sorry if you think I am just being pessimistic and I am not spreading FUD. The basis of my statement is from the movement of BTC's price. To me it is better to tell the truth based on what is happening now than telling lies that bitcoin will reach ATH basing it on nothing but hope. I am aware that many people will hate me for it but come on, let us not live in denial. Bitcoin right now is indeed weak and could go even lower which is good because we all could buy cheaper coins. |
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Newbie question here. Can "Abandon transaction" be done on SPV or light wallets or do I have to use the core wallet to do that? I have the impression that light wallets should have that feature too but I am not really sure that there is one at the moment.
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Isn't it possible to rebroadcast your transaction and add more in your transaction fee if you think that the low fee is what's causing the transaction no to go through? I read it somewhere in the forum that it is now easier to do with version 0.13.0. I am not sure if what I read was right. If anyone knows the correct information please explain in more detail.
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Russia has always been one of the most hostile regimes towards Bitcoin. There were drafts proposing to criminalize the use of Bitcoin with a penalty of up to 3-5M Russian rubles (over $50,000) or even with a term in prison. But just a few days ago the last such proposal was scrapped, and it seems that the authorities are no longer trying to turn Bitcoin users into criminals.
In July the Russian Ministry of Finance had stated that it intended to allow citizens to buy cryptocurrency for the purpose of reselling, exchanging, and using beyond Russia. At the same time, the same proposal suggested banning Bitcoin mining since it was considered as issuance of currency. And just a month later Alexei Moiseyev, Russia’s deputy minister of finance says that the ministry (which has long tried to pass a bill to ban digital currencies altogether) denounces any direct ban of Bitcoin.
So it looks like the last unassailable fortress standing between Bitcoin and its universal recognition across the world is about to collapse
Can mining rewards really be considered as an "issuance of currency"? If it is issued then there should be an issuer. The problem with is they cannot point who exactly. So if someone in Russia still decides to mine bitcoin or any other POW coin for that matter then which "issuer" are they going to imprison? The Russian government also does not have a clear narrative on why they considered BTC as a currency. It is all not very clear and different from country to country. There was a judge in Florida that junked a case versus a man who was accused of money laundering using bitcoins. He was freed because the judge said that it is not real money so therefore no money laundering took place. |
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The problem with centralized entities is the authorities could force them to release information they need to trace the transactions of the target. So be careful if you think you are safe and anonymous by using the exchanges to "mix" your coins. Not even Bitcoin mixers can be fully trusted because the authorities can do the same to them.
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For me blockchain is the safest wallet because bitcoins run first in this wallet. But the disadvantage of this is blockchain have when transferrings coins from another wallet. So it is better to transfer your fund if its more bitcoins.
People do not listen to this advice. The safest way to store bitcoins is thru cold storage. Never ever store really large amounts in a webwallet. Webwallets are a constant target of hackers. |
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My guess is the transaction was sent with a .0001 btc fee. I had the same thing happen to me once and the transaction took longer than usual to confirm. My advice is to set up a blockchain.info account and click send and then click advanced options. From there you will see how much the recommended fee is during that time. All you have to do is to copy the amount using your real wallet. If you want your transactions to go through without waiting too long it would be good to set a fee a little higher than .0001 btc per kb.
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Forgive me for asking this. Isn't Open Transactions a failed idea? From what I have read from before I think you need to trust an entity to use the platform. Please correct me if I am wrong. |
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okay, let's excluded chinese exchanges even btcusd only have 700-4000 BTC volume now, JPY still has 10000-40000 volume, so Bitcoin is very popular in japanese? this only proves that there are far more "traders" in Japan and China "trading" bitcoin with their money and also proves that once again zero fees on their exchanges are a volume magnet because you can make profit even with an stable market like this while it becomes that much harder with bitcoin / USD exchanges that charge 0.25% fee. Is it not already a known fact that the exchanges with 0% fees trade with themselves in order to create fake volume? The CEO of Bitcoin China already said this about Okcoin. Okcoin is already known to be creating fake volume. So it will not come as a surprise that the other exchanges that have 0% fees are creating fake volume too. |
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Every TA article I've read over the last couple of days is bearish. Let's see if we hold $500 and ultimately CNY3000.
In the long run fundamentals always win. So get in if you believe in the fundas, or get out (of the way) if you don't I would agree with you but you did not provide any information about bitcoin's fundamentals. It would be very helpful of you if you post some sort of fundamental analysis of the current state of bitcoin backed by factual numbers and factual information. The problem here is you want us to believe you but how can we even if we really wanted to? Please post your fundamental analysis on bitcoin. It will make a good discussion topic for everyone who are interested. |
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OP, it is not advisable to mine BTC anymore without any serious investment in it. It is now the time of professional mining. Gone are the days of old when people used to mine using their CPU. But if you really want to mine I advise doing research on Ethereum mining and Monero mining. Because of those coins' high prices I would assume that mining them could still be profitable for amateur miners and hobbyists.
It's not about the price of coins but about the difficulty of every coin because halving the difficulty for mining bitcoin will become a more hardest comparing than before halving is coming. Oh yes I forgot to point that out also. Thanks for reminding me. That said it would be good to use mining calculators in order to find out if your mining venture would be profitable or not. |
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