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1421  Bitcoin / Development & Technical Discussion / Re: How is consensus achieved when making changes to the bitcoin-core code? on: August 24, 2018, 11:40:29 AM
About the funding;

Funding Bitcoin development seems to have always been problematic.

While the Bitcoin industry collectively has raised more than a billion dollars worth of investment over the past years, development of the Free and Open Source Software the industry largely relies on has always had trouble gathering sufficient funds and manpower for development. Several arrangements to raise funds have been tried over the years – but with varying degrees of success and longevity.

Bitcoin Core, considered by many to be Bitcoin's “reference client,” therefore, announced a “Sponsorship Programme” earlier this week. As the latest effort to raise funds, this program is intended to be an easy access-point for companies and other Bitcoin industry players to support Bitcoin Core developers and projects. Companies that decide to take part in the sponsorship program will join a, so-far, short list of entities that do already help fund Bitcoin Core development.
Read the entire article here, https://bitcoinmagazine.com/articles/who-funds-bitcoin-core-development-how-the-industry-supports-bitcoin-s-reference-client-1459967859/

As far as i understand it, basically through crowdfunding, but almost all companies who fund the development do it for their own benefit (Bitpay etc).


I believe consensus is gained through the signalling of full nodes blocks. If you get a super majority (95%+), the proposal/(softfork) will go through, if it's less than that, it won't.
See https://github.com/bitcoin/bips/blob/master/bip-0034.mediawiki
Quote
All older clients are compatible with this change. Users and merchants should not be impacted. Miners are strongly recommended to upgrade to version 2 blocks. Once 95% of the miners have upgraded to version 2, the remainder will be orphaned if they fail to upgrade.


But this is only for changes to the network, i'm not entirely sure how changes to the bitcoin core wallet software are made, (or rather determined).

1422  Other / Beginners & Help / Re: what's the difference between blockchains? on: August 24, 2018, 10:21:59 AM
like there is ethereum blockchain and bitcoin one. or not?

Yes. Ethereum and bitcoin are seperate entities. Both have their own blockchain, and both are indeed very different.

Some of the most notable differences:

1.Currency issuance: Bitcoin creates 12.5 new bitcoins every 10min (or 75/hr) while Ethereum creates 3 new ether every 15 seconds (or 720/hr).
2.Currency cap: Bitcoin is limited to 21 million bitcoins, of which 17m have been created so far. Ethereum has no hard cap currently, but there are plans to reduce or stop issuance in a year or two. There are currently roughly 100m ethers.
3.Bitcoin creates a new block every 10 minutes (on average). Ethereum creates a new block every 15 seconds.
4.While bitcoin has a scripting language built in, it’s very limited in functionality with only a few dozen operations. Ethereum has a full general-purpose language integrated (known in computer-speak as Turing-complete). Programs written in this built in language are known as “smart contracts”.
5.Ethereum assigns a cost, known as gas, to every operation or use of storage on the blockchain. Bitcoin transaction costs are based simply on their size.
6.Each block in bitcoin is limited to 1MB in size (or 8BM in the case of Bitcoin Cash). In Ethereum, blocks are capped by the gas-limit, the total overhead of all the operations in the block. In practice bitcoin can process 4 transactions per second, Ethereum roughly 15.
7.Ethereum smart contract code lives at its own address on the blockchain as opposed to being within a transaction as in the case of Bitcoin. Therefore Ethereum has two account types, one to hold user funds, the second to hold computer code (which can also hold funds).
8.Ethereum includes blocks that are valid but were outpaced by another newly accepted block. These almost-accepted blocks are known as “uncles” and their incorporation provides added security to the chain and allows Ethereum to have shorter block times.
9.Bitcoin’s hashing algorithm (SHA-256) can be performed efficiently with special purpose hardware, known as ASICs (application-specific integrated circuit). The Ethereum hashing algorithm (KECCAK-256) is memory intensive so it’s far more difficult to build an economical special-purpose chip for. This allows for Ethereum to have greater mining decentralization.
10.Ethereum has plans to move away from mining altogether by changing the consensus algorithm from Proof-of-Work (PoW) to Proof-of-Stake (PoS). PoS creates blocks based on the token holdings of the nodes rather than computational power. In addition, Ethereum plans to tackle scalability by implementing “sharding”. Sharding breaks up the blockchain into many many interconnected sub-blockchains. Bitcoin currently has no such plans.

Quote
can u give me some trustable resources to learn it?

What exactly are you referring to here? Learning the differences between them or learning how to program on them/work with them ( Learning Solidity etc?)
1423  Economy / Service Discussion / Re: Bitmain now requiring KYC documentation to buy hardware on: August 23, 2018, 08:40:54 PM
I'm actually surprised that they haven't done this earlier.

From a legal prosecutor's point of view, these miners could be used by individuals to launder massive amounts of money. (Just like a lot of Cloud mining contracts are.)
(Which would/could make them look pretty bad when holding an IPO.)

Note that i don't actually support this, nor do i support Bitmain after i further read up on them & their scandals.

For example, https://www.antbleed.com/

Quote
At worst, this firmware backdoor allows Bitmain to shut off a large section of the global hashrate (estimated to be at up to 70% of all mining equipment). It can also be used to directly target specific machines or customers. Standard inbound firewall rules will not protect against this because the Antminer makes outbound connections.

Even without Bitmain being malicious, the API is unauthenticated and would allow any MITM, DNS or domain hijack to shutdown Antminers globally. Additionally the domain in question DNS is hosted by Cloudflare making it trivially subjected to government orders and state control.

Well, bye bitmain. I was going to try to buy from you, now I'll switch to other companies...


Too bad that they almost have a monopoly...


~~~~
It's pretty funny that they're doing an IPO holding almost a billion $ of Bcash that they will never be able to sell due to limited liquidity.. Makes their reasoning for it pretty clear.

According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.
https://pbs.twimg.com/media/DkWzMSoUwAEn0W8.jpg
1424  Bitcoin / Bitcoin Technical Support / Re: Is there a api I can use to generate address's? on: August 23, 2018, 06:34:29 PM
Hi.

I am making a microwallet, and I am looking for a API or something that I can use in PHP to generate address and send transactions.

Thank you very much.


( Also if you know one for altcoins, please tell me Cheesy )

I know of the blockchain.com API, see https://github.com/blockchain/api-v1-client-php

You can create adresses & make transactions etcetera. But i'm not really a big fan of Blockchain.com, (Due to you not being able to see your private keys directly, and them storing your keys (albeit encrypted))

which is why i'd recommend you to maybe use something like this? http://docs.electrum.org/en/latest/merchant.html It might be a bit harder to install, but definitely worth it imo.
1425  Bitcoin / Bitcoin Technical Support / Re: Didn't send enough bitcoin to pay for a service on: August 23, 2018, 02:16:40 PM
Hi,

I wanted to pay for something on the internet, but I didn't send enough bitcoin to get it, as the website I'm making the transfer from only let me put 6 decimals.
How can I fix the issue?

Thanks in advance.

I guess you'll have to send slightly more? What wallet are you using and what payment processor are you using?

You could alternatively try to export your private keys out in a wallet that lets you put more decimals ( Electrum).
1426  Other / Beginners & Help / Re: where to sell my BTC (internationally) on: August 23, 2018, 01:27:57 PM
I have few concerns regarding this, say BTC does Hit 100k suddenly (like it did when it jumped to 19k about a year ago) at some point, will Any Exchange actually accept buying my ONE (1 BTC) and give me Cash Huh?.....

Which Trusted International Exchanges should I deal with to sell my BTC in exchange for Fiat ??...

I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...

plz correct me if am wrong...

Why wouldn't they? If that's the price bitcoin is going for, i''m pretty sure almost every exchange would buy it for ~0.5% less, or whatever is profitable for them.

Bitcoin won't randomly jump to 100k, it will only do so if there is a large enough demand for it. Bitcoin isn't a shitcoin like so many other coins where there would be no liquidity to sell/buy.

I doubt that if this ever happens the reaction of exchanges will be any different than what we saw when bitcoin jumped to ~20k.
1427  Other / Beginners & Help / Re: Guide for create your own faucet site on: August 23, 2018, 11:56:28 AM
I have just heard the word faucet.
And the question is does it really worth it?

To use one or to start one? I'll break it down for you.

To use one; No. It's usually not worth it. you'll get like 0.0001$ per captcha claim. Even if you use something like faucethub.io, it's still going to take ages to make a withdrawal. You're much better off using all that time learning a skill such as programming. But it kind of depends on how much your time is worth whether or not it is profitable for you.  Hourly minimum wage in most countries is already much higher than what you could make from faucets in a whole day.

To start one; I personally have done so in the past, and i would say no. It's not profitable, or not for a long time atleast. I've had a faucet with an alexa rating of ~>100k, and it still wasn't profitable. I used several adnetworks (Mellowads, etc) it just didn't work out. + The fact that it was pretty time consuming on a daily basis.

You might need more capital and advertise it more for higher rankings (Alexa/Similarweb, since advertisers crave for these) so you can get into better networks, but i still doubt that you're going to make "a lot" of money.

Thank you for giving a free guide for those who want's to start their own faucet site. You are a great person dude. I'll give it a try to make my own faucet site, by the way what is the best capital $ to start my own faucet?

In theory you can start a faucet with as little as 40$, but the reality is that you will never make any profit with that amount. You'll need to get a decent alexa ranking first before you can get any advertisers. (Which means giving money away for free basically.)



hello, thank you for sharing these guides with us. I never considered running my own faucet site. But thanks to your post, I am going to give it a try. very cool idea

I am going through your guide for launching premium faucet site and have few questions, if I may:

what is the difference between paid ($100) and free fauce scripts?
does it make a difference if my site has free or paid domain? you mention both options


thank you for sharing this with us

Paid faucet scripts are usually a bit better, and more unique (although it really depends on the script).

And yes, domains really do make a big difference. Free domains such as those with .tk extensions will not be indexed properly by search engines ( In particular google), which is why you should always use top tier domains.
1428  Economy / Service Discussion / Re: Have anyone used this AI trading platform? Is it legit? on: August 23, 2018, 11:00:43 AM
i think it is more secure and reliable trading platform. it will make you transaction easily and ensure transparency. it is more potential and committed to perform better service.


You're out of your mind. Haven't you read the thread? This site is a ponzi scheme, 100%. There is no trading, and this site surely isn't an exchange.

What proof/examples do you have of them being transparent? I have yet to see any trade logs from this site so the we can verify if they're making this absurd returns. (They're not)

You really think they would need your pennies if they had really found a revolutionairy way to make profits? Ofcourse not.



Quote
it is more potential and committed to perform better service.
Compared to what exactly?



The weirdest part of this to me is that the website's called AIMiner, but this has nothing to do with mining at all- might just be a repurposed domain name.

I suspect that they might have tried to use this domain for other purposes in the past, but that that didn't work out.
1429  Other / Beginners & Help / Re: What is a ICO? on: August 22, 2018, 06:13:00 PM
Lately, I have been hearing about these things called ICOs.

Can someone explain what they are? Curious to learn, thanks!  Grin

*Sigh*... http://lmgtfy.com/?q=What+is+an+ICO%3F

It's basically a way for a company to sell a lot of their coins/tokens to people who are interested in them, before they are actually traded.

The company basically raises capital that way, and early investors *think* they get a headstart. Everyone wins, right? (But in reality, 98% of ICO's will usually be traded after the ICO below the ICO price.)
1430  Bitcoin / Development & Technical Discussion / Re: i wanna know where I can know the latest progress of blockchain on: August 22, 2018, 05:18:51 PM
If you talk about progress in the form of mining, you can indeed, as above reply suggested, use a blockexplorer like blockchain.info, (although i would suggest to use something like https://btc.com/ https://blockchair.com, since blockchain.com doesn't support/index BC1 adresses. ( They're visible, but unclickable.)

If you're talking about the development of Bitcoin (Core), you can check out the github, https://github.com/bitcoin/bitcoin

Specifically, https://github.com/bitcoin/bips for major developments.
1431  Economy / Service Announcements / Re: Simulation Trading Tournament For Crypto - Test Your Skill and Win $1000 on: August 22, 2018, 02:56:49 PM
Nice idea will definitely try it out,

Some question of concern,
1- Can i profit on shorting ?
2- Will this be an ongoing service ?

Thank You.

I just downloaded their app, and i don't think it is possible to short, or i haven't found out how to yet. (If it were possible, ofcourse you could profit from it).

The only thing you can do is choose what % of what coin you want your portfolio to exist out of, until you're content with your portfolio.

I can only see the 1 week change though, (and only in %%) and not really the fluctuation on shorter term ( what blockfolio has etc.), which is pretty annoying imo.

1432  Other / Meta / Re: Moderators, help me please on: August 22, 2018, 11:19:04 AM
-snip-

Do you know? all mods are also human being and will die. They are not GOD so why so much ego and giving sad so easily even not giving a second chance to others who are trying to earn some bucks by using this group for their life because no one can be reach by this earning?

Love all and help all as best as possible that will help you forever for a peacful life. Money is not everything in the life.

If one person feels sad or cries for you then you are not good human being and that KARMA will follow you.



I also cry because of all the shitposts i see so often in this forum, let it be copy-pasted or made by people solely posting for their bounty.. By your logic, this makes you a shitty human too.

Quote
Money is not everything in the life.
Yet this is the only reason you are here...  Huh

Also, you're talking as if you have a RIGHT to earn money here on this forum, while really it is a benefit that should be earned rather than expected.
1433  Bitcoin / Development & Technical Discussion / Re: Seem like bitcoin -daemon not run on: August 21, 2018, 04:34:26 PM
I don't think you configured/ran it correctly.

A quick google search on your error gives a lot of instances with people that seem to have the exact same problem.

See

Quote
You're getting this error because bitcoind isn't running. Once it is, it will create an authentication cookie, and bitcoin-cli will be able to connect.

To start bitcoind from cmd prompt, type:
Code:
cd C:/Program\ Files/Bitcoin/daemon/
Press enter, then type:
Code:
bitcoind
And press enter.
https://bitcoin.stackexchange.com/questions/59140/could-not-locate-rpc-credentials-error?rq=1

Obviously replace the paths with your respective paths.

Let me know if this resolves anything.
1434  Economy / Service Discussion / Re: Most secure wallets for Huge earnings... on: August 21, 2018, 01:27:23 PM
Blockchain shouldn't be considered for use beyond a hot wallet for daily purchases, and even then I would suggest against holding more than you can afford to lose on there. Earlier this year, my Blockchain wallet was cracked by hackers and all funds were drained, though I only used the wallet as a hot wallet and I transferred all my funds to a Ledger a few months prior, and my password wasn't the longest. Even if you have an extremely long password that you don't use on any other website, and you're browsing the site from a secure computer, do not use it as even medium-term storage. Even though it's not the most secure medium of storage, it's still okay if you're trying to scan QR codes from a monitor or a location on-the-go to use funds.

Electrum's fine to use as long as you take the right precautions to ensure security, such as using an airgapped, fresh computer.

Also, always remember to save your generated seed or private key securely, so you don't have one point of failure in case you lose your main storage device. I have heard of people using bank safe deposit boxes and home safes to save a backup, and this is absolutely a precaution you should take if you're storing a significant amount of funds. You are your own bank after all-never cut corners. It's always best to be too prepared than too little.


I would stay away from Blockchain wallet. I have been using it few months back and I stopped after my balance on this wallet reached 10k$. I was not anymore able to send, but I could still receive. I tried many different browsers but it was exactly the same effect. I can't say if there was any technical issue or whatever, but very very strange that it happened once my balance there was over 10k.
I think as hot wallet to do daily small transactions, its something we can use.
And by the way, check their ToS, you will see that Blockchain is not anymore a place to trust.


What happend to your money? Were you able to export out your keys or is your money still stuck in your wallet?

I haven't heard of this before.

If you want to use the wallet with the big security. Come on all the wallets are same to use it you missed to keep the fund safe with all the private key secured wallets. I do not know wallets completely secured even you do the mistake.

Common mistakes like private key sharing and phishing site access is the biggest problems to get scammed. Here are suggestion. Electrum, Multibit. Blockchain and Exodus.

I think the biggest "mistake" is that people run their wallets on unsecured devices, which are either infected with clipboard malware/keyloggers. I'd associate phishing with exchanges such as binance, not really wallets.
1435  Other / Beginners & Help / Re: Addition of ETC to Coinbase on: August 21, 2018, 10:52:55 AM
No, I will never buy ETC. I don't see why anyone would.. Compared to Ethereum they are really making no progress technology-wise (Or atleast that i can see/have noticed in the past few years). I think that there's barely any development on the coin ( compared to Ethereum, which is being developed/used by tons and tons of extremely talented people.)

ETC looks like a coin that should've died off, really. I don't understand why coinbase added them to their site in the first place (Instead of Zcash/Monero.) And i can't find anything about this decision. (Anyone? Tongue)

I think it is so to some extent but still I may not buy that coin because my goal is to make profit not hold good coins.
Then this is obviously the coin for you  Roll Eyes Pump & Dump all the way baby!
1436  Other / Beginners & Help / Re: Altcoin market Price on: August 20, 2018, 02:38:00 PM
Guys is that posible token price become 0 ?
And market price depend on demand and supply right.  so let say in market a :  coin x price = 1$ with active volume  in market b : coin x price = 1$ with almost passive volume.
how the price beetween that exchange almost same?


The price is the same probably due to the fact that if they would be imbalanced from each other, people would arbitrage and trade away the difference ( until it no longer becomes profitable to do so, aka when they become the same price.).

See https://www.investopedia.com/terms/a/arbitrage.asp on how it exactly works, and with some more examples.

Quote
Guys is that posible token price become 0 ?

If there is no interest in a token anymore, then yes, this can happen. See bitconnect which dropped like 99%. https://coinmarketcap.com/currencies/bitconnect/
1437  Bitcoin / Bitcoin Technical Support / Re: Checksum validation failed on: August 20, 2018, 01:38:47 PM
Hi.  The private key has 52 xters.  Thanks.

Then i would recommend you to recheck if you copied the key correctly, as i suspect that you made a mistake with a character somewhere.

Also, you could try to make a new paper wallet and try to import the privkey of that wallet into electrum and see if that works, (it should) to make sure the problem isn't faulty(/outdated?) software.
1438  Bitcoin / Bitcoin Technical Support / Re: Checksum validation failed on: August 20, 2018, 12:27:58 PM
I just tried importing a compressed private key that i generated from bitaddress.org into electrum myself (L...), and it worked perfectly fine.

I think that you're not copying your private key correctly. How many characters is it?
1439  Economy / Service Discussion / Re: Most secure wallets for Huge earnings... on: August 19, 2018, 04:35:35 PM
Most secure of course is ledger wallet or some other hardwallet.

hardware wallets do still have a risk . what if you drop them ? that may cause a shock or corruption to your data 's . you can also get a virus and other threats if you connect your hardware wallet online whenever you transafer files or data . so overall , I don't think that there is a secure wallet . not only on cryptos but also to other types or forms of storage (e.g banks , piggy banks , personal wallets ,etc ) . best way to do to minimize the risk of loosing it all , is to divide or diversify your cash/cryptos to different kind of wallets or much better if you can withdraw some of them and keep your own money with you .

Most if not all popular hardware wallet make use of backup phrases.

Meaning that if you were to lose your Ledger/whatever, you can still recover your funds in another wallet/or on another device.

See; https://support.ledgerwallet.com/hc/en-us/articles/360000609933-Lost-device-PIN-code-or-recovery-phrase


Also, you're talking about the ledger nano S being infected by a virus.

Here is the Ledger Operations VP refuting that. https://www.reddit.com/r/ledgerwallet/comments/6i7mjk/is_it_safe_to_use_ledger_with_a_computer_that_im/

Quote
Your private keys are safe, that's what the device is for (protecting you against malwares).

What the Nano S will not protect you against:

Malwares that change the addresses displayed in your browser: let's say you are buying stuff on the Web, the webshop displays address "1abcd" and in a split second, the malware changes it to "1zzzz". The idea is that you will then copy/paste the fake address and send funds to it

Validating transactions without double-checking: when signing a transaction, the Nano S will always ask you to double-check the receipient address; if that address has been modified on-the-fly and you don't double-check if what's displayed on the device's screen is really the address you are trying to send funds to, you will lose money

Note that the first case is more likely to happen than the second one right now (there are no known malwares that target transaction building right now) but both of them are valid scenarios and may become more frequent in the near future.
1440  Economy / Service Discussion / Re: Withdrawable amount !!! on: August 19, 2018, 11:47:13 AM
Hi, am trying to convert bitcoins to Doge coins in coinpot, but 3-4 days ago this message showed up and coinpot doesn't let me withdraw all the amount.  

The Withdrawable Amount shown on this page is the amount that you can currently withdraw.
This may be different from your actual Current Pot balance if you have recently completed offers/surveys
that are still on hold. For fraud prevention reasons all offer/surveys earnings are put on hold for up to 10 days
before they can be withdrawn.

any solution ? Huh Huh
I think you already read out the solution yourself...

Quote
For fraud prevention reasons all offer/surveys earnings are put on hold for up to 10 days
before they can be withdrawn.

Simply wait 10 days until coinpot clears your funds? Or contact their support for manual clearance of your funds, but i highly doubt that has much chance of succeeding.  ( That would set a bad precedent.)

Also, this topic really doesn't fit Bitcoin Technical support. Try moving it to Service Discussion? https://bitcointalk.org/index.php?board=85.0
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