You predict a black swan event which can by definition not predicted? Idiot.
IdiotLovely human being, I did not give a date. Doesn't matter. Still you're predicting it ('soon'). Ok fair enough, you're right. Happy now? idiot. |
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They all come back to roost soon. Many alts will die in a major black swan panic event. Wonder what the price will do when everybody rushes back to good ol' bitcorn. You predict a black swan event which can by definition not predicted? Idiot. IdiotLovely human being, I did not give a date. |
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major black swan panic event?
we might as well start buying lotto tickets...
Majority of the people doing alts are getting rich quick people. There will be a moment when the majority figures out that 99 100% of alts are a scam. Then they have only one option, and that is good ol' bitcorn. For many bitcoin is too expensive, they think. FTFY yea... because getting transactions done in under 1 minute using a p2p network and not some off-chain bullshit must be a scam.... whatever guys keep dreaming I said 99%, your unicorn must be the 1%  |
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major black swan panic event?
we might as well start buying lotto tickets...
Majority of the people doing alts are getting rich quick people. There will be a moment when the majority figures out that 99% of alts are a scam. Then they have only one option, and that is good ol' bitcorn. For many bitcoin is too expensive, they think. |
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They all come back to roost soon. Many alts will die in a major black swan panic event. Wonder what the price will do when everybody rushes back to good ol' bitcorn. |
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Ah, now I see The site could not find any "sibling" connection to other addresses, so it assigned it to a wallet of its own, that it calls "[b8a9acbcdd]". That address received two deposits of 0.001 BTC by the same transaction http://www.walletexplorer.com/txid/11dae7a65b8503ad866b1a0be710d9b5a77f428191f79d36cc206c2b5363b01fNothing was ever withdrawn from that 1Fdw address. That transaction had a single input of 0.20 BTC from address 12edRmh8qvaXuMwSLjpgbxMAaptCb5dHQt, and zillions of outputs, including the two above. It is this 12ed address, not the 1Fdw one, that was assigned to the wallet that the site called "MtGOXAndOthers". Thanks for clearing up. Might use the site in the future more frequently |
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With this you mean a relay node without blockchain, right? (sorry for my noobness)
It's fine, yes. I mean a relay without a blockchain at all. I think I misread your post as saying you had 1GB storage, but I'm guessing now that you have 1GB ram. That's right, I was not clear about that. I have 1GB DDR3 Ram and everything else is running from a 8GB micro SD card, although 1,5 GB is used. Soon-ish (probably in 0.11) we'll support running pruned nodes which could fully verify things but won't need the whole blockchain. They'll still require a couple gigs of storage and that amount will grow (but much slower, unless things that spam the utxo set become popular)... which might fit better on a small device like that, though it would be useful it wouldn't be as useful as something with the whole history. Sounds great!  Just what I need. So I can better attach a USB HDD and run a full node. That you could do. Though right now you'll need, say, 60 gigs of storage though better if you have more since you'd be able to keep serving old blocks long into the future. (Actual usage is more like 32GB at the moment, but since it can grow at a rate of about 25-50GB/yr, it's best to have plenty of headroom if you're going to store a full chain. Yes, I'm aware of the blockchain size. Since I wanted to have a low power server for 24/7 tasks I was very happy I received one of those MK802 devices from a collegue of mine (came from an obsolete project, smart lighting). USB flash sticks often wear out quickly when there are many writes, so you'd want an actual SSD or spinning hard drive. On newegg it looks like one can get a 500GB usb external drive for under $50. I'm aware of the wear. I might hook up some old hardware I have laying around but I rather keep this device low profile without all the extras. After receiving some exorbitant donations for my TOR node (oniontip) I might upgrade to a high end server. Are full nodes still useful for the network? Also when running on a low end machine (but 15Mbps bandwidth)?
I only want to run the node when it's really useful, otherwise it doesn't make sense.
Absolutely. One thing that would be pretty useful is to run a hidden service bitcoin node, we're rather short on HS nodes and you can use tor to limit the bandwidth. ("BandwidthRate" in torrc). The maximum long term average data rate for the blockchain is about 14kbit/sec. So even just a few megabits can do a lot to help keep more peers connected. I was already looking into that, but was in doubt what was better. Does the "normal" bitcoin network also use the hidden network? Or are they seperate. Well, since they both need the same blockchain, they probably work together, right? Otherwise you would end up with two different coins. So at certain places the hidden network connects to the normal network. If this is true I'm definitely going to run a hidden service and not a normal service when I upgrade to better hardware or when an MK802 is good enough for 0.11. Thanks for the detailed answers. |
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A relay node that doesn't filter for validity is not very useful for Bitcoin
With this you mean a relay node without blockchain, right? (sorry for my noobness) So I can better attach a USB HDD and run a full node. Are full nodes still useful for the network? Also when running on a low end machine (but 15Mbps bandwidth)? I only want to run the node when it's really useful, otherwise it doesn't make sense. |
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probably U can go to btcjam and registers an account, lend all your bitcoin to trusted members for the long term loan!
Good advice. Make an account at bitfinex (no verification needed) and loan out your bitcoin and earn interest too! Your coins are then unavailable for at most 30 days but could come back earlier. |
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I am amazed to see how many people are scammed on this thread.
If this is true, bitcoin is going to be much harder to get accepted by "the public".
I thought scams happened but were relatively rare. But now I changed my opinion about it.
How much BTC do you have now ? 0 > x < 1000
How much did you spend? Around BTC 1,5
How much did you lost or scammed by someone? not (yet?)
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My name still not have a number for starting post in the google document.
I hope this does not create troubles for payment.
I see it is fixed now. Thanks. |
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Is there a way to tell what addresses in the top 500 belong to exchanges? I assume they must have some of the biggest wallets.
http://www.walletexplorer.com/These "wallets" are guessed automatically by that website, by watching for transactions with two or more input addresses and clustering those addresses together, assuming that they must belong to the same person or company. The cluster of addresses labeled "MtGOXAndOthers" is the old MtGOX wallets plus many addresses belonging to MtGOX clients who used MtGOX's "import wallet" feature, plus many addresses belonging to people who used CoinJoin, plus maybe other addresses of people who did similarly weird things with them. First address of mine I check it says it belongs to mtgox and others. There is just one very recent input on it. Doesn't look really legit to me because I never did something with MtGox. What matters is transactions that take coins *out* of the address. Is there any such transaction that has two or more inputs (one of them being that address)? This is the one https://blockchain.info/address/1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3 |
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My name still not have a number for starting post in the google document.
I hope this does not create troubles for payment.
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Yesterday I set up a TOR relay server on a 1GB google tv arm stick running linaro. Everything went fairly smooth but I see that I have some resources left for running something else. I was thinking about running a bitcoin node but since I do not have enough space to store the blockchain I figured it could only be a relay node. I have a few questions: - Does the network need another low power relay bitcoin node?
- If yes, how do I set up this on armhf? I'm a moderate noob on linux but I want to learn
- Is there something like https://oniontip.com with running a bitcoin relay node? I would love to receive some satoshis for contributing to the network if possible, just for the fun of it.
edit: In my search I found this website describing to set up a hidden bitcoin nodeSince the machine already runs tor, wouldn't it be better to make the bitcoin node a hidden onion service as well? |
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Is there a way to tell what addresses in the top 500 belong to exchanges? I assume they must have some of the biggest wallets.
http://www.walletexplorer.com/These "wallets" are guessed automatically by that website, by watching for transactions with two or more input addresses and clustering those addresses together, assuming that they must belong to the same person or company. The cluster of addresses labeled "MtGOXAndOthers" is the old MtGOX wallets plus many addresses belonging to MtGOX clients who used MtGOX's "import wallet" feature, plus many addresses belonging to people who used CoinJoin, plus maybe other addresses of people who did similarly weird things with them. First address of mine I check it says it belongs to mtgox and others. There is just one very recent input on it. Doesn't look really legit to me because I never did something with MtGox. |
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BTC will not go down on 300 $, just my opinion In my opinion yet...I assume to 250$ and after the biggest bullrun we've ever seen Every bullrun in bitcoin has been the biggest because it always made a new ATH. If you look at the multiplier, the 2011 bubble was the biggest with a 35x price increase and a 17.5 blow off. Yes and after the biggest dump ever. I think the bullrun will go up to 3000$ and the new stable price will be around 1000$ Very conservative estimation. My guess is both higher numbers, top max to 7k, stable at 3k. But hey, I'm usually wrong. Just dreaming. |
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BTC will not go down on 300 $, just my opinion In my opinion yet...I assume to 250$ and after the biggest bullrun we've ever seen Every bullrun in bitcoin has been the biggest because it always made a new ATH. If you look at the multiplier, the 2011 bubble was the biggest with a 35x price increase and a 17.5 blow off. |
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Of course he doesn't like bitcoin. He made his fortune as the world's foremost value investor. Why should he change what works for him? I don't think that there is such things like ''like'' or ''not like'' in investment business. Investors always looking for the best ways to invest money, and they shouldn't involve their personal feelings in the process. In business one thing is always true, if you don't change or adapt to the changes, you loose. It seems that Warren Buffet is to old or to conservative to change and accept ''new things'' or new way of investment. That, and he is too old to bother about bitcoin because once bitcoin is really adopted and he is proven wrong he is probably already dead because he is not the youngest among us. |
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Well, one thing is sure. When he says "buy bitcoin", then it is time to SELLBuy low, sell high. |
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Is it a good time to buy now? Or would it be better to wait until it goes under $300? Will it go under $300?  For a newcomer 300 is okay. If you are really hunting for the bottom you could wait, but the risk is that you miss it and have to pay a higher price than current prices. It also depends how many coins you want to buy. If you are looking for large volume (10k+) any time now is the right time to buy. But hey, don't listen too much to me. I'm usually wrong. |
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